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Author Topic: is dogecoin worth trading?  (Read 3112 times)
tabbycat (OP)
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February 19, 2017, 06:13:04 PM
 #1

i want to buy a little of dogecoins but is it even worth it? i cant even find where to buy/sell it really .
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February 19, 2017, 07:21:28 PM
 #2

i want to buy a little of dogecoins but is it even worth it? i cant even find where to buy/sell it really .
You can buy and sell dogecoins in every exchange, some of the good ones:
https://poloniex.com
https://bittrex.com

I personally think Dogecoins aren't worth trading, since it seems their price has been slowly degreasing for a while now and I don't see it going back up.
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February 19, 2017, 08:00:27 PM
 #3

Dogecoin was created as a joke, and will never be serious currency. Not with the infinite supply of coins and "forever more" mining model.
These features disqualifies Dogecoin as suitable altcoin for trading purposes. Sure, you can buy and sell Doges as most exchanges accept them.
But what is the point? You won't profit from trading or holding. Doge will forever be just fun 'tipping coin'.
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February 19, 2017, 08:55:50 PM
 #4

Use this service to search for exchanges: http://coinmarketcap.com/currencies/dogecoin/#markets


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February 19, 2017, 09:03:43 PM
 #5

Definitely no, doge coin is not for trading. Year ago price was above 50 sat, now is around 20 sat. Price is dropping slowly and I didn't see and increase.
It is created like a joke, but its here for a long time. I have some dogecoins sitting on exchange, I'm keeping them just in case of price increase.

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February 19, 2017, 09:19:22 PM
 #6

Look at the buy / sell asks on polo. It's not going anywhere.

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February 19, 2017, 09:38:50 PM
 #7

If y'all do what I do an' gamble wit' doge, you is fine.  If y'all lookin' ta make a profit from day-tradin' it, you gon' lose whateva you put in.  DOGE is a po-fect example of a cryptoCURRENCY.  It be stable, so it's good fo' spendin.  You cain't esspect a price increase tho.  You be waitin' 'til hell freeze ova.
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February 19, 2017, 09:56:24 PM
 #8

There are hundreds of interesting options to trade in the altcoin market, so I don't see any interesting motivation to trade doge, especially when its price has been gradually dropping and does not offer the enough volatility to find significant chances to make good profits.
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February 19, 2017, 10:38:56 PM
 #9

i want to buy a little of dogecoins but is it even worth it? i cant even find where to buy/sell it really .

You can do everything with it ,buy it sell it or hold it,I wonder why you find it hard to find dogecoin it's one of the popular coin,you can find it on almost all exchanges,yobit,novaexchange and ccex these are some of the exchanges where you can buy it..


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February 20, 2017, 12:09:17 AM
Last edit: February 20, 2017, 12:19:25 AM by RKS
 #10

Look at the price history of DOGE. Every 8 to 10 months DOGE seems to explode then drop back down. Actually about 260 days trough to trough 2014 to 2015, and 2015 to 2016...it's now 400 days since it's previous bottom.  I guess it is possible again that at this price, it doubles, triples, or even quadruples for a short time then comes back down. I guess time will tell. I think DOGE will hit 100 before 2018- any bets Wink Just don't bet the farm Smiley
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February 20, 2017, 01:02:45 AM
 #11

fundamentally, dogecoin is a joke. So it's way too risky to trade it.
Looking doge charts, you will see it had a major suport between 22~26 satoshis, it was the most stronger suport since it was created. As you can see doge is at 19 satoshis and doing new lows every day. So it's not a good investment.

i dont see any reason to buy it.
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February 20, 2017, 01:18:45 AM
 #12

i want to buy a little of dogecoins but is it even worth it? i cant even find where to buy/sell it really .
Nope, just try think to buy the other coin. But this coin is not good for the short term trading. with low of the volatility. I can say just try the another coin. there are others much better than doge coin.

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February 20, 2017, 02:03:36 AM
 #13

Stay away from dogecoin trading, it's just pump and dump. If you have any or accumulate any I would just get as many as you can and trade them for bitcoin using one of many exchanges who offer that service.
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February 20, 2017, 05:20:00 AM
 #14

He knows he's playing games.
Did a quick look and i see he has been posting his Skype address (dogo69423xx2) online since 2013.
He's taking his new account for a walk.. but to where ?

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February 20, 2017, 07:50:23 AM
 #15

He knows he's playing games.
Did a quick look and i see he has been posting his Skype address (dogo69423xx2) online since 2013.
He's taking his new account for a walk.. but to where ?

good catch Cheesy
the stupidest part is that he is saying " i cant even find where to buy/sell {Doge} really ."!!!
if any altcoin has the biggest community it is Dogecoin, it is the shittiest coin with its price heading towards 0.5 satoshi but it certainly has a big community and just googling buy Dogecoin will pop out 100 places to buy it from shapeshift and stupid sites like weselldoges to at least 20 different exchanges.

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February 20, 2017, 08:10:30 AM
 #16

i want to buy a little of dogecoins but is it even worth it? i cant even find where to buy/sell it really .

you can buy dogecoin in anything altcoin exchanger, because majority altcoin exchanger support and accepted dogecoin trading
but dogoecoin price ussualy is stable price, so you can verydifcult can get profit

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February 20, 2017, 08:41:00 AM
 #17

at this point making profit with Dogecoin is much riskier than any other coin. we all know that the price of it is going down and there is no stopping that because of the huge multi billion supply of this coin!
and the risks come from the fact that price is too low and when numbers are small any small change (like 1 satoshi) means a big percentage difference.

so for example if it goes from 20 to 19 satoshi you will lose 5% of your investment easily! and this is never true about higher price altcoins for example litecoin if goes from 0.003 to 0.003-1 satoshi you don't lose anything!

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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February 20, 2017, 10:33:34 AM
 #18

i want to buy a little of dogecoins but is it even worth it? i cant even find where to buy/sell it really .
There are many trading platform that have doge/btc pair for trading however as doge price is in constant downtrend in terms of bitcoin for over a year https://coinmarketcap.com/currencies/dogecoin/

I don't recommend you to hold/buy dogecoin right now specially when bitcoin price is pumping hard.

 
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February 20, 2017, 11:21:33 AM
 #19

Look at the buy / sell asks on polo. It's not going anywhere.

some times doge go to 100 satoshi you can look at the chart to glance that it follow always the same pump and dump range, it's good for traders if you can wait the correct value before dumping and buying again, i'm playing with it here and there when i see the pump coming

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SPIN

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February 20, 2017, 11:38:16 AM
 #20

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