Is Dogecoin legit?

[Harding Young]

Dogecoin is an Altcoin designed to multiply the user population larger than Bitcoin. In addition, Markus, the developer behind it, wants to keep Dogecoin happy, to stay away from Bitcoin's controversial past (for example, Bitcoin is being widely used in black markets like Silk Road) . So I think it's legal

[lalabotax]

I have been hearing about a lot of fraudulent altcoins out there.
Personally have been eyeing Dogecoin for a while to purchase as an altcoin. However,
I believe I came across an article that called them fake. The thing is the article did not
go into any further details.

All I want to know is if Dogecoin is a legitimate investment into altcoins? Help me
Crypto-world, what do you think?

you should invest in altcoin other than degocoin. such as eth, waves or ripples. there are better than degocoin. learn and analyze it first before you really invest.

[panjay]

dogecoin is like the coin that's was there for a long time with dead updates, people still mining and using it because it's cheap for transfer, with btc price skyrocket (i know it's cheaper now), using doge to transfer between exchange can save you a dollar or two.

[xuan87]

Yes it is a legit coin for investment unfortunately the coin has been abandon by the developer for a long time , so probably you won't make any good profit from it, but it's not scam coin it's just old coin that seldom being used again, the chances of making profit with doge is small and the risk is high

[Tynovten_]

Yesterday i read that dogecoin is a joke coin, and i said to myself that this joke has prove itself. Do you really watch that doge rise very high. But the fact so much traders start to peek doge. Finally all realized doge could be something priceless. Lol.

[chocopapaya]

I have been hearing about a lot of fraudulent altcoins out there.
Personally have been eyeing Dogecoin for a while to purchase as an altcoin. However,
I believe I came across an article that called them fake. The thing is the article did not
go into any further details.

All I want to know is if Dogecoin is a legitimate investment into altcoins? Help me
Crypto-world, what do you think?

Dogecoin is the best.  It's living proof of the resiliency of the blockchain.
It's like a living paradox: there are no developers meaning it is "dead" yet there is a small community that actually uses it.

Every once in a while, a newbie comes on here and asks if dogecoin is a good investment.
Mostly, I think they ask that because they see how cheap it is and hope to find the next big thing.

For coins like this, you shouldn't be asking if it is a good investment or not.
Not everything about crypto is money money money.
You should ask how to get connected to the community and how to use it.

Last nov/dec, doge saw a pretty crazy pump in price.
That was because there was about a straight month time period where noobs were buying "cheap" coins left and right.
So, are you a noob or an informed investor?

[ThachSanhTp]

What do you meant "legit"?
Dogecoin has been stable since 2014 and Dogecoin is really useful for donate/charity purpose

[ThachSanhTp]

Yes it is a legit coin for investment unfortunately the coin has been abandon by the developer for a long time , so probably you won't make any good profit from it, but it's not scam coin it's just old coin that seldom being used again, the chances of making profit with doge is small and the risk is high

I am quite interested in this coin although it is a very very old coin. I hope the DEV team can live again (their last update is in 2015 (Dogecoin wallet version 1.10.0))

[chicken Campus]

Doge is a coin that can be counted or still has great opportunities to reach high prices due to the many devotees but arguably still the price is still very cheap. for this year alone it looks like doge could reach twice the value of current.

[somewhan]

the price of dogecoin is very stable.

1 doge is always wort 1 doge.

 

sorry 

[Acguy]

Dogecoin is one of the longest standing coin in crypto it is safe to an extent but you are better off with putting your money into something else.

[Gabteb]

At first Doge were done for fun but now and with time it became stabile coin with fast transactions and low fees so many users use it when want send money .