Is worth to invest in dogecoin?

[cryptothreads]

The dogecoin opportunity is quite good, its function which is often used in trading strategies makes it functional.  So that for the long term it is quite promising, but for those who want spontaneous benefits will be quite difficult.  Technically, Doge is supported by a team of professionals and continues to develop its products, forming unique niches with a strong support community.  It's just that the unspecified max supply is one of the weaknesses of the doge to develop prices.

For me this coin does not have much value in investing because DOGE is no longer a promising investment and you will face a lot of great risks if you invest in this coin. As I know, the development team of this project has stopped working and there are not many big changes when investing so please think many times before making a decision. You can speculation on this coin but only hold it for a short time and always set price sell after buying to minimize the risk of trading.

Future of DOGE will be very dark so instead of choosing DOGE, you should look for the better new coins available in this market.

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[Jercyhora2]

doge is indeed a coin that is widely used by people regardless of the amount, I think it will still surprise investors. cheap prices make everyone can buy it and invest in it I will wait for a doge pump like 2017

Well doge is a good coin to invest  not so much volatile in terms of price. But do not expect high return ,but the good thing is you will not lost that big unlike to those newly created project right now you can lost all your money by investing with thier project.

Having huge amount of supply is one of the characteristics of doge, if you want to trade doge it is one of coin that safe to trade in. Because  it has has Volatility that can give you small profits but safer way.

[yulionoo]

everything can happen in cryptocurrency. dogecoin is altcoin which was launched in 2013 at the time many say that dogecoin is a joke or fun coin. because of the cute dogecoin symbol. but it is proven that in 2017 the price can skyrocket and is ranked in the top 20 CMC coins. and currently dogecoin is at number 30. I think there is no harm in trying to buy dogecoin because the price is quite cheap at only $ 0.002 and also includes potential coins. maybe in the future the price will go up.

[loan.ruiu1]

These are good currencies, standing firm are the good currencies from 2017 to the present. However, its value does not have strong fluctuations, the supply is too large, there will not be much profit for investors.

[Sithara007]

Generally speaking, all investments change value due to an imbalance (real or imagined) between supply and demand.

In this case:

There is no limit to how many ‘Dogecoins’ can be produced;
The production time is very short;
More than 100 Billion are currency in circulation;
There is currently no real commercial application.

Its difficult for me to see any reason why the price would rise under such circumstances.

Well.. sometimes logic doesn't work in cryptocurrency market and as a result we have coins such as DOGE going up. All of your points are valid, and ideally this shitcoin should have died down a long time ago. But somehow it managed to build a large and loyal user community, and they have been successful in keeping the coin afloat. But we need to see for how long they can sustain this coin, without any sort of real-world application. At some point, it is going to collapse and when that happens the DOGE fanboys will be running for cover.

[MrPiggles]

everything can happen in cryptocurrency. dogecoin is altcoin which was launched in 2013 at the time many say that dogecoin is a joke or fun coin. because of the cute dogecoin symbol. but it is proven that in 2017 the price can skyrocket and is ranked in the top 20 CMC coins. and currently dogecoin is at number 30. I think there is no harm in trying to buy dogecoin because the price is quite cheap at only $ 0.002 and also includes potential coins. maybe in the future the price will go up.

I also have great confidence in investing in this coin because Doge is always held by a lot of investors and this coin will usually increase in price at the beginning of the year so I believe this is the best opportunity to buy. In fact, this is just a normal coin but if you have a good investment strategy, you absolutely can make a huge amount of money. I have tried this coin trading in 2018 and have doubled profits in just a few days so hopefully this can happen again.

[jekanmasin]

It was not worth to invest in dogecoin as the supply is infinite.. For a long and short term im still will be stay away from this type of coin even tough they has a strong community behind of this coin. This coin might be popular on the gambling site but for the investment just stay away from it. you will never know when it will drop hard cause the current supply are way to much for me now.

[d3nz]

Well i guess its still a good coin if you're into making money then its a big YES but this is just a memecoin in which created only just for fun and people still recognize it as a alternative payment for other services that accept it. And i think buying Dogecoin for a cheap price could make you a lot of profit once it pumps up to 200 sat or more than that.

Also this coin already pumps up before and i am one of the holders that i bought from 20 sats which really gave me a lot of profit in year 2017 and hodling this coin for a long term is good and also for a day trade.

[awik p]

Well i guess its still a good coin if you're into making money then its a big YES but this is just a memecoin in which created only just for fun and people still recognize it as a alternative payment for other services that accept it. And i think buying Dogecoin for a cheap price could make you a lot of profit once it pumps up to 200 sat or more than that.

Also this coin already pumps up before and i am one of the holders that i bought from 20 sats which really gave me a lot of profit in year 2017 and hodling this coin for a long term is good and also for a day trade.

many believe in doge coins, many transactions are converted first to doge. I think this is related to transaction costs. with many fans I think doge is suitable for long-term investment, I think the trust of many people will give strength to doge. and one thing is for sure, this coin has lasted long enough, so it is worth investing

[albrots]

The best DOGE coin for long-term investment, Doge is also often used by miners to arbitrate, because of low fees and stable prices. Many support Doge coins, this is one of my favorite coins too. At least you have to buy doge coins at cheap prices like now and hold them until next year, the possibility of prices will rise.

[Nadziratel]

The best DOGE coin for long-term investment, Doge is also often used by miners to arbitrate, because of low fees and stable prices. Many support Doge coins, this is one of my favorite coins too. At least you have to buy doge coins at cheap prices like now and hold them until next year, the possibility of prices will rise.

I completely agree with you. Dogecoin rises a few times a year, giving confidence to people who can profit. That's why I've been waiting for Doge for a long time and I've been selling it when it rises.

[crazy-pilot]

I think that once creating this coin was just a good joke. It is still just the digital currency of the Internet. In my opinion, dogecoin is a bad choice for investment, you should find a more worthy coin.

[Denongels]

an alt investment which is very wrong because dogecoin is too risky, especially the price determinant always affects bitcoin and if you have large amounts of dogecoin and if the price drops by 1-3%, the loss felt quite sad, in my opinion other altcoin investments other than doge are wiser.

[aomakun]

an alt investment which is very wrong because dogecoin is too risky, especially the price determinant always affects bitcoin and if you have large amounts of dogecoin and if the price drops by 1-3%, the loss felt quite sad, in my opinion other altcoin investments other than doge are wiser.

doge in my opinion still has a chance, even though the price movement is indeed quite long and the amount is unlimited. but doge still often surprises people so I think if there is a potential for profit you can invest.

[boltz]

For me, back in the days, Dogecoin always brought me some good profits whenever I buy it under 25 satoshi  and then sell it for 40+ satoshi but lately Dogecoin seems no so volatile and I haven't bought any since 2017.

Investing into dogecoin ? I would say no , because it had no dev and its fully control by the whales so anything can happen with this coin , from going to extreme pump to going to extreme dump and never recovering so its just a coin for speculations in order to increase your Bitcoin wallet.

[diazepam666]

Dogecoin is the one of the highly volatile cryptocurrency and many people in the exchanges must definitely used this coin to to exchange your usdt  for day trading.
We should invest on such cryptocurrency and this is one of the good currency which is been used in the gambling industry also next to ethereum.

[spydee1522]

Yeah in fact all these personalities have shown interest and support for Dogecoin but what makes it worth investing? Despite all these support and assumptions, I think the best decision is to do your own research and come out with a conclusion as to whether to invest or not so that you don't blame anyone if anything goes wrong.

[Mike Mayor]

Dogecoin is a good coin for surfers. It goes up and down like a nice little wave that seems predictable. Of course, you say that until everything goes wrong. However, I do not think so since doge has been around for a long time and is used as an alternative to bitcoin payments at many places. Almost any place that accepts altcoins accepts dogecoin. I use it myself and when I see I can pay with doge I can. I always try to use the less popular tokens first then the more popular ones.

[livingfree]

I've seen dogecoin pumped and dumped for so many times and unfortunately, I wasn't able to hang and join the ride. But I think those personalities that were telling about their insights about dogecoin, it's your decision if you'll go with them.

I don't see anything wrong investing to dogecoin, it's very popular and despite of all the meme things bind on it. It's impressively showing on how it can compete being a quick and low fee altcoin if we're talking about tx's.

[livingfree]

I've seen dogecoin pumped and dumped for so many times and unfortunately, I wasn't able to hang and join the ride. But I think those personalities that were telling about their insights about dogecoin, it's your decision if you'll go with them.

I don't see anything wrong investing to dogecoin, it's very popular and despite of all the meme things bind on it. It's impressively showing on how it can compete being a quick and low fee altcoin if we're talking about tx's.

Since it is actively pumping and dumping as well that makes it better for day trading, I have tried it before ,if lucky enough to get the timing in trading it  you will be able to earn as many gets the opportunity of this coin , it's somehow still used by many even it was consider a meme coin for low fees or due to it's popularity in blockchain communities that still makes the pump and dump as p2p crypto.

Yes, dogecoin is ideal for daily trading. The volume is huge everyday that's why you'll never stuck with this coin. But just because we've said that it's good for day trading, there might be some newbies that will misunderstood it.

Which means that there's still a chance of losing with dogecoin if you're not good in proper timing of selling and buying it. I think with buying, there's nothing wrong on it but with selling, this should be not on a critical time.