Is DogeCoin even worth buying?

[bizzeu]

I see a large amount of sell orders for DogeCoin, and from the looks of the Bear charts, DogeCoin looks like a dying currency. If I was looking for a "long-term" currency, DogeCoin is the one I would avoid...? 

Interested to hear the community's thoughts on this?

doge is a great way to move value between exchanges that charge fees not needed for the miners.  No exchange needs to charge 0.0015 like say yobit to w/d BTC, so if i need to move money out of there , screw yobit im buying doge and w/d doge for a few coins
Doge is merge mined so it will go down sometimes naturally, but it always has a nice pump once or twice a year if you check the historical charts

the simplest way to stay with the only doge in pockets   

[1715155431]

1715155431

[Saoha]

I see a large amount of sell orders for DogeCoin, and from the looks of the Bear charts, DogeCoin looks like a dying currency. If I was looking for a "long-term" currency, DogeCoin is the one I would avoid...? 

Interested to hear the community's thoughts on this?

Everybody said Doge was dead, it was abandoned by the dev team. It seems that Doge has not had much news and events for so long. Its price is constantly decreasing. It has 170 satoshi and is now 17 satoshi. I really feel sorry for Doge. It was very popular. You can buy if you still hope for Doge.

[Question123]

I have a lot of dogecoin in my wallet and I think I started bought this last year and I hope the price will increase so I Can make profit. I believe dogecoin is for longterm investment the price become high after few years.

[alyssa85]

I see a large amount of sell orders for DogeCoin, and from the looks of the Bear charts, DogeCoin looks like a dying currency. If I was looking for a "long-term" currency, DogeCoin is the one I would avoid...? 

Interested to hear the community's thoughts on this?

doge is a great way to move value between exchanges that charge fees not needed for the miners.  No exchange needs to charge 0.0015 like say yobit to w/d BTC, so if i need to move money out of there , screw yobit im buying doge and w/d doge for a few coins
Doge is merge mined so it will go down sometimes naturally, but it always has a nice pump once or twice a year if you check the historical charts

True - and it's also popular with gambling sites, because people don't mind risking their doge.

You know who else it's popular with - the pump teams. It goes through an accumulation phase when it is below 20 sats, and then pumps. Sometimes the pump is huge. other times it only from 20 sats to about 28 sats, for a 40% gain.

[nesso]

If it's under 10 sat it's worth buying. Doge will never die, it will always be used for micro transactions. Because with Doge you can make the cheapest transactions anywhere in the world.

[kryptqnick]

I see a large amount of sell orders for DogeCoin, and from the looks of the Bear charts, DogeCoin looks like a dying currency. If I was looking for a "long-term" currency, DogeCoin is the one I would avoid...? 

Interested to hear the community's thoughts on this?

People are buying and selling a lot of doge, because this coin is really used a lot by people to buy goods online or to gamble, at least. Dogecoin is old, fast, cheap and secure. It is a good coin in general as means of payment. However, it doesn't make it a good investment option, because at the same time there's nothing innovative and the dev team is simply gone, the coin is probably not going to face any changes. The price is falling with time due to it being very inflatious, whereas most of cryptocurrencies have limited supply.