lost 1000$ in dogecoin investment

[Jennifer Trollez]

https://i.imgur.com/a6vVYRO.png

https://i.imgur.com/8x6h9PN.png

[1714617645]

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[1714617645]

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[psijic]

Firstly, you should not be investing money into virtual-currency trading, which you cannot afford to lose. I'm not saying that you did; just putting it out there.

Your charts do not say anything about when you made the investment, at which price you bought it, whether you sold it or are still holding it, etc.

Also, was all your investment concentrated in DOGE? If so, why? You could have easily split that money across BTC, LTC, DOGE, etc. Something to keep in mind for future trades.

Another thing you should consider for future is dollar-cost-averaging ( http://www.investopedia.com/terms/d/dollarcostaveraging.asp )

[VariableDiff]

any detail how you managed to lost 1000$ ?

[Dogtanian]

Is Jennifer Trollez trollzing? Why would anyone invest 1000 in doges?

[sillymoby1]

I actually won money on Doge

I mined it for a day and dumped it on market opening.

Sorry to hear, you should mine the coins instead of buying them...

[Doger33]

Mining at the global start of a new Altcoin and selling your coins later on seems to be a good idea after all, I made money with Doge Coin too. Even though, I am not sure if Doge Coin might actually worth something once in a while...

[Dogtanian]

I actually won money on Doge

I mined it for a day and dumped it on market opening.

Sorry to hear, you should mine the coins instead of buying them...

Mining early is the only way to make money from these coins.

[exstasie]

Well if you don't sell it..you won't lose it.
But how is that possible?  There are message boards where people are just giving away tons and tons of Dogecoins for free.

[DodoB]

This is just your fault.... this is like gambling,sometimes you win sometimes you lose.

[torusJKL]

You only lost in respect to Bitcoin.

How did the exchange rate change in respect to other currencies?

[guybrushthreepwood]

You only lost in respect from Bitcoin.

Fixed. You bring shame upon the BTC community.

[jongameson]

Dogecoin is volatile
if you wanted a safer investment, you should have chosen Feathercoin or Litecoin

[cryptohunter]

as the block reward goes down, instaminers dump and more people hear about it ...then it will cycle up a lot again. Do not sell at this point of course.

[sitefive]

at what price did you buy in?
also for someone to make money someone has to loose money in this market!

[SpeedDemon13]

Always research before investing and get opinions from people successful in it.

[SvenTaylor1980]

Maybe you lost because dogecoins are scam? Could that be possible?  

[Dogtanian]

Maybe you lost because dogecoins are scam? Could that be possible?  

They're a shitcoin, but not a scam.

[testbitcoiner]

doge is a joke coin. a meme made into a coin. a troll coin to legitimite alt coins

it has the life cycle of any normal meme. first hype, then people get bored with it and jump to the next.

e.g. earthcoin has a EAC/us-dollar-only  exchange planned, a android wallet and has a huge dev team behind it.

doge has what? a meme? that is of no use.  dev team? you mean one guy who thinks the doge meme is funny. tomorrow he'll think something else is funny.

doge is as good as dead. and so are the inevitable cat/nyancat/[enter any meme people might have heard of]coins

this business is about serious alternatives to litecoin and bitcoin. not about having a laugh

[Viperbass]

https://bitcointalk.org/index.php?topic=392864.0

[ajax3592]

you loose when you sell low...hold and you will see profits once block rewards are halved