Is worth to invest in dogecoin?

[rdluffy]

Doge is a great coin to make some transactions, or to make a withdraw of exchange paying low fees
I don't follow the market of DOGE closely, but it's an old coin, with great support
I suggest you to study and see how doge react to market before doing any investment

[Landak]

Not worth as a short-term or long-term investment option. dogeocin is only suitable for coin in gambling (i see a lot gambling site use dogecoin) because the transactions are fast and cheap. Even the daily trading in pair dogecoin is difficult to get profit.
Is not recommended.

[Darooghe]

Dogecoin have no hard cap and is inflationary. It will continue to inflate virtually forever, so unlike Bitcoin, Doge is an extremely large and uncapped supply. When supply is unlimited and demand does not keep up prices is expected to fall. also the community is tiny and insignificant. There is no development and hasn't been a new wallet release in 3 years. It used to be #4 in market cap. Now it is #29.

In crypto you have to innovate continuously just to stay relevant. Dogecoin didn't. And remember that price being low is never an indicator for a good investment. Invest in things that have value, have low risk and high potential for the future, ideally when they are undervalued. If you want to invest I would suggest Ethereum, Vechain and Nano. Both are the best in their use cases and have dedicated developers and communities.

[justdimin]

I feel like dogecoin served its purpose and it should not be "invested" anymore. Sure, you could have some play money of sorts, there are still gambling with dogecoin or you could buy to give for a good cause (there are still charities with dogecoin) all around dogecoin is great to spend on doge related stuff but when it comes to investing to make money it is not a long term good idea if you ask me. That is not to mean you can't buy doge now and get rich in a month, it is still possible, that is not something we can predict and assume yet I feel like buying doge today and being rich 10 years later doesn't look that plausible right now. Maybe it could happen however don't you think that is more possible with coins like bitcoin/ethereum/eos and what not because those look more long term.

[Wysi]

Well!! Did you know? Dogecoin has gained a lot of popularity in the crypto space, as a lot of experts like Elon musk, vitalik, and john McAfee have shown love and support for dogecoin.

On the other hand, experts predict that dogecoin price will rise high in the upcoming years.

What's your take on dogecoin?

I would say Dogecoin is like meme or smiley for crypto world wherein everyone loves it but when it comes to investment I would say it's not the preferred coin for investment as it needs to limit the market supply and make some more development in order to compete for investment.

[asus09]

Dogecoin is a popular coin loved by all. But it has an infinite supply that hurts its price for long term. When the day comes where the price of doge rises to yield a hefty profit, other coins would too rise to the similar position. So I don't think Dogecoin is worth the risk as an investor for long term. Dogecoin still could be a coin of choice for day traders.

Dogecoin become most looking coin by betting site where many people joining with gambling using doge for their betting payment platform, I think worth for investing in dogecoin for long term, you can hold bitcoin more than three years because price of doge always increase to higher price.

[nxnqauff]

It is a popular coin. However there are lots of other options available. Then why we have to taake risk and put in our hard earned money in Doge? Exclusive research on top10-20 coins would work.

[sulis sudibyo]

Well!! Did you know? Dogecoin has gained a lot of popularity in the crypto space, as a lot of experts like Elon musk, vitalik, and john McAfee have shown love and support for dogecoin.

On the other hand, experts predict that dogecoin price will rise high in the upcoming years.

What's your take on dogecoin?

doge is really a good coin. but if you want to invest in that coin, I think it will take a long time to get a profit. many other coins are more profitable than doge. good doge but not suitable for investment, because it takes a long time. doges are better to use because they are cheap and stable.

[Youghoor]

The profitability of investing in any crypto coin solely depends on how well the investor understands the crypto market and the plans and strategies of the investor. Without this, you might lose your invested capital even if the crypto coin is a good coin to invest in. In as much that Elon musk and others are supporting dogecoin and saying that its market value might increase, it does not mean you should invest without understanding the crypto market and developing plans to invest.

[fortunecrypto]

Well!! Did you know? Dogecoin has gained a lot of popularity in the crypto space, as a lot of experts like Elon musk, vitalik, and john McAfee have shown love and support for dogecoin.

On the other hand, experts predict that dogecoin price will rise high in the upcoming years.

What's your take on dogecoin?

I'm investing in Doge and people should because there's a usage of this coin, it's best for tipping fee is very small and the transaction is fast, I have used Doge when gambling it's very popular in gambling sites and so many exchanges are supporting Doge I'm very bullish on Doge that it could hit 150 sats per Doge.

[landoffaucets]

Dogecoin is a popular coin loved by all. But it has an infinite supply that hurts its price for long term. When the day comes where the price of doge rises to yield a hefty profit, other coins would too rise to the similar position. So I don't think Dogecoin is worth the risk as an investor for long term. Dogecoin still could be a coin of choice for day traders.

We had many coins with unlimited supply and big inflation rate. It is not a problem when you are able to stake these coins and earn interest, but it is a problem for coins that are mined because miners will be interested in selling these coins.

[fuguebtc]

Dogecoin is a popular coin loved by all. But it has an infinite supply that hurts its price for long term.

The same holds true for ethereum, as it doesn't have any cap (correct me if I am wrong). But we see Eth price is way more then dogecoin.
It's good to have dogecoin in your portfolio, as they say, "every dog has its day"

[ReiMomo]

I saw also a potential with Dogecoin and I noticed that all gambling platform was used on this coin due to having small fees when having a transaction. So investing in this coin in a long term purpose is a good decision.

Here is a definition of Dogecoin,
- Dogecoin Is Not Hype Sensitive
- Dogecoin Mainstream Uptake On The Rise
- Dogecoin Easily Acquaints Newbies
- Dogecoin Mining Is Greener
- DOGE Has A Good Future Growth
- DOGE Refuses To Surrender

source:

[aysg76]

Well!! Did you know? Dogecoin has gained a lot of popularity in the crypto space, as a lot of experts like Elon musk, vitalik, and john McAfee have shown love and support for dogecoin.

On the other hand, experts predict that dogecoin price will rise high in the upcoming years.

What's your take on dogecoin?

Dogecoin is one of the most popular coin used by the investors for long term and the prices are cheap at current which creates an oppurtunity to buy more at this prices and it can rise anytime so according to me its worth investing in dogecoin.Many platforms use doge as base coin to make paymemts and its quite popular to you can definitely invest in it.

[candy27]

Well!! Did you know? Dogecoin has gained a lot of popularity in the crypto space, as a lot of experts like Elon musk, vitalik, and john McAfee have shown love and support for dogecoin.

On the other hand, experts predict that dogecoin price will rise high in the upcoming years.

What's your take on dogecoin?

When did Elon Musk express support for Dogecoin?!! 

[aprilnot]

very decent. there are many reasons why doge is worth investing. first, the price is cheap, doge is the most resistant to market pressure, has a stable price, and has a lot of demand. here are some reasons why doge is worth investing, in fact there are many more reasons.

basically if you invest in doge, you will not regret it in the future.

[caffu chino]

Well!! Did you know? Dogecoin has gained a lot of popularity in the crypto space, as a lot of experts like Elon musk, vitalik, and john McAfee have shown love and support for dogecoin.

On the other hand, experts predict that dogecoin price will rise high in the upcoming years.

What's your take on dogecoin?

When did Elon Musk express support for Dogecoin?!! 

recently I saw him tweeting on his personal Twitter account. he said he really liked doge and was sure this coin had potential. if you are in doubt, try checking his twitter.

In fact he did not say directly that he supported Doge, Elon Musk only said that the likes and fans of Dogecoin.

[o48o]

Well!! Did you know? Dogecoin has gained a lot of popularity in the crypto space, as a lot of experts like Elon musk, vitalik, and john McAfee have shown love and support for dogecoin.

On the other hand, experts predict that dogecoin price will rise high in the upcoming years.

What's your take on dogecoin?

Not sure who these "experts" are supposed to be, but i wouldn't say it's a good long time investment, the again you can trade it on low frequency for those huge swings, but investing into it in a long time frame i would say that the price flats out like you were investing into fiat money that's also constantly diluted.

[kevinzxz]

Well!! Did you know? Dogecoin has gained a lot of popularity in the crypto space, as a lot of experts like Elon musk, vitalik, and john McAfee have shown love and support for dogecoin.

On the other hand, experts predict that dogecoin price will rise high in the upcoming years.

What's your take on dogecoin?

dogecoin is indeed one of the popular altcoin, because I see many people who are interested to investing in dogecoin, but if I personally prefer to use dogecoin as a transaction or transfer the money I have in exchange to another exchange, because transfer fees using dogecoin is very cheapest, but I am not interested to investing in dogecoin, because there are still many altcoin which are better to be used as an investment than investing in dogecoin.

[cryptothreads]

Well!! Did you know? Dogecoin has gained a lot of popularity in the crypto space, as a lot of experts like Elon musk, vitalik, and john McAfee have shown love and support for dogecoin.

On the other hand, experts predict that dogecoin price will rise high in the upcoming years.

What's your take on dogecoin?

dogecoin is indeed one of the popular altcoin, because I see many people who are interested to investing in dogecoin, but if I personally prefer to use dogecoin as a transaction or transfer the money I have in exchange to another exchange, because transfer fees using dogecoin is very cheapest, but I am not interested to investing in dogecoin, because there are still many altcoin which are better to be used as an investment than investing in dogecoin.

I think Dogecoin is just a coin to make a profit and there are not too many benefits when investing because the coin's development team has stopped working and no longer updates new information for investors. If you choose a good time to buy Doge then you can set a high price to sell because the coin is very easy to trade and rtend to increase at the end of the year.

I sometimes trade this coin in my free time but never long term hold because this is not my top choice. In my opinion you should only consider Doge as a coin that helps you make money and not put too much faith in investing in this coin.