Why Do People Invest Into DOGE?

[Teraboy]

Because those are considered doge as a good alternatives rather than litecoin. I mean those are not invested on doge but just try bought it to avoid the scaling fees of bitcoin. With the dead team and it can't be considered as a good place to invest our money.

[CryptoGeneral]

Doge community is and was always a place where you can meet nice people. Aside of trying to make some more BTC on the altcoin market, Doge is perfect for sending tips or simply gifting friends and strangers alike. All the tips and gifts have a positive effect not only on the person you send them to, but it is some kind of marketing for cryptocurrencies. Because people who are new to the whole topic will see this as something very positive. Who dosen't like to be gifted, right? So, in the end you support all your assets by investing in an affordable coin and sharing it.

[just a man]

what do you think is happening in the market, to be honest i no longer have any idea 

i can understand big coins (the top 10 or whatever) getting pumped.
i can understand small coins (the rest to 100 something) getting pumped.

but what i can't understand is why and how the hell are they pumping the dead/forgotten coins! and the volume is HUGE by the way...

if you look around at coins that have been dead, abandoned, and with prices that were ridiculously low like 1 satoshi, ... these coins are getting pumped these days!

the latest is Pandacoin (PND) it doesn't seem to be as big as others such as MOON and HTML5 but it is 400% rise so far!!!

I am not so sure why people are pumping really old coins nowadays since there is no real demand for them. I think those people that are pumping the old coins have a little bit too much Bitcoin in their Bitcoin exchange account is just spending it to increase the possibility of newbs trying to buy their coins at a high price.

[Spoetnik]

I have answered this a million times here forever..

It had popularity at one point in time.
So there will always be a cheap coinz buyer nom nom nom thing goin' on.
The *ONLY* reason people buy them is because of greedy profits.
It's a pointless clone coin with a meme tacked onto it.
Meme's don't get big twice but in crypto coins get can pumped & dumped.
And that is the idiots retard loser dipshits crypto traders manual steps through 1 to 100 on how to make money.
Buy some shitcoin cheap then pray to fucking god it gets pumped a bit and hope you are smart enough to dump on the other idiots before they dump on you..

AKA: Doge's bright future.

Hopefully i didn't forget anything.. but that about sums it up.

[niisarearning]

Its a good start for doge supporters i have tried creating 2 or 3 thread with multiple topics on dogecoin but no thread got response . I think we should keep alive this thread . At last doge is the coin i am having in good number may it change my life like ether did and Waves doing now

[2econd]

I don't. And I won't. Especially with the number of coins increasing, most of them rising for no reason and in the process muddying the waters, I like to own coins which can actually defend themselves when interrogated.

[Wheelie]

Why they invest? Because DOGE is cheap and has a big change of growing in value and has a large community
To the moon I guess
https://i.imgur.com/oeBfimR.jpg

[betlord90]

Why they invest? Because DOGE is cheap and has a big change of growing in value and has a large community
To the moon I guess

On when? Theirs no huge movements happening on it and never seen any good sides to make me believed that doge will pump on future so staking some old and almost dead coin is no for me since I've already see so many Potential coins that surpass already the fame of doge at this point remember doge is little bit outdated coin and surely we will risking our money for those unsure ones

[chineseprancing]

Because they can't lose hope that dogecoin were become one of the famous coins in crytocurrencies world or they assume that in the future, value of dogecoin were increased that's why a lot of people choose to invest in dogecoin.

[Saint-loup]

Why Do People Invest in Dogecoins?
-Popularity, Yes.
-Can be used in various gambling sites, yes.
-Affordable, biggest yes.

I think Doge is a good investment because of Gambling. It made this coin really popular.

Transaction fees are very low too.

[Ewox]

Why do people invest into dogecoin? I have been asked that question many time, I believe that it is worth a thread. Let's get right into it right now.

First, it is ranked in the top 15 cryptocurrency. Secondly, it is so cheap that if it has a slight growth, you will make A LOT. Basically, right now it is not even worth $0.01. The potential in this coin is so huge.

Dogecoin has various use, but I wont list it.

This is my reasoning behind it anyway.
As always, invest at your OWN risk.

I also asked that question myself on why people invest dogecoin. And have come to a conclusion that the reason maybe some people do invest in them it is because its value is still cheap compared to those other coins, especially when newbies see the price at some trading site. Of course they would think they would profit from it because it's still cheap without checking it's purpose.

[Saint-loup]

I also asked that question myself on why people invest dogecoin. And have come to a conclusion that the reason maybe some people do invest in them it is because its value is still cheap compared to those other coins, especially when newbies see the price at some trading site. Of course they would think they would profit from it because it's still cheap without checking it's purpose.

LOL for you doge is for newbies?
And what do you think of its very low transaction fees? It's also for newbies?

[Saint-loup]

I invested several times in it, and always made good profits with it.

[hase0278]

People usually invest just to cheapen transactions or just to gamble, after all doge coin can be gambled in many gambling sites and is a lot faster to transfer compared to bitcoin. I personally buy doge to make transactions cheap just to get my btc out of an exchange with high fee which is livecoin for example then send all the doge I bought to another exchange that got low transaction fee in terms of btc.

[Paracelsus]

Because they can't lose hope that dogecoin were become one of the famous coins in crytocurrencies world or they assume that in the future, value of dogecoin were increased that's why a lot of people choose to invest in dogecoin.

It seem like a joke to me in comparison with other coins, which have at least some perspective and plan. But as always every product has its customer.
When someone says it has big community maybe more appropriate terminology is - it has large number of bagholders who are waiting for better times.

[Thelmassey]

I invested in it sometime ago, hoping that maybe the price might rise and maybe I might get more than what I invested in. But it's been long now and I am not seeing any changes. And I won't sell it now since I will be in a way loosing. So what I am doing now is holding on to it and keep on hoping that one day things might change. Maybe one day it might be ranked #2 on coinmarketcap.

[Heyyyrenz]

maybe the people knows the doge will be like bitcoins which will increase the value maybe the people knows that the doge will be hype and the doge's
value will increase in no time that's why people invest here or they buy a lot of doge while it's price is too low and when the time goes by when the doge's value increases that's the time they will sell their doge

[2bfree]

I have some just for diversification to be honest.

[mbakruroh]

Dogecoin may in the future become a valuable coin, proven in dogecoin gambling to be reckoned and in the future the price will increase dramatically compared to now

[2bfree]

Dogecoin may in the future become a valuable coin, proven in dogecoin gambling to be reckoned and in the future the price will increase dramatically compared to now

Maybe and maybe not, main problem with DOGE is there is to many of them, and from what I have hard the DEV team has shrunk. Not sure other then the cute dog what it has that 100% unique. That being said it does have a bit following so that is why I invested some coin but I'm not holding my breath on this one.