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Author Topic: Will Dogecoin Be a Good Investment in 2020  (Read 1293 times)
Prateek_sharma
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December 18, 2019, 10:20:22 AM
 #1

Dogecoin is likely to pick up, as people are realizing it’s worth and they are getting over it being a mere crypto joke. Further, The coin might touch the $0.02 mark, where the highest expected price is $0.0294 and the minimum expected price will be $0.0224.

https://coinpedia.org/information/dogecoin-price-analysis/

What's your dogecoin price prediction?
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December 18, 2019, 10:33:10 AM
 #2

More coins come to the market due to the infinity supply and that makes the price of doge will be dumped to the bottom price. I don't even know what was the reason why some people are still believing the future of doge.  not so many people are wanna buying the infinite supply of dogecoin that will always come to the market.

it's not a good investment but just become another short term speculation place for the traders. I could not agree if people call that as investment these days it has not utility usage.
I call that as a speculation coin and that name looks good in my opinion.

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December 18, 2019, 11:15:51 AM
 #3

Doge may be a very good short term investment coin but it is not a coin to hold for long.
I have observed Doge for many years and have concluded that in a year of doge there will be 2 sharp price increases and if we can capture the time of doge price increase will surely make a big profit.


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December 18, 2019, 11:24:16 AM
 #4

As bitcoin halving is in 2020. Rather I would prefer to hold my BTC than alts. Because I don't have any faith in altcoins.

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December 18, 2019, 11:28:23 AM
 #5

Doge may be a very good short term investment coin but it is not a coin to hold for long.
I have observed Doge for many years and have concluded that in a year of doge there will be 2 sharp price increases and if we can capture the time of doge price increase will surely make a big profit.

Your statement is confusing, Dogecoin is a mid or long term investment, it's not short. Dogecoin had a couple of sharp price increases in the past years, and to capture that moment you need to hold some amount of Dogecoins for some time.
I have some Dogecoins, I keep them for some time. I think one day we will be able to buy some things with those coins. Dogecoin is everywhere, it's accepted by some people and people like it. I believe Dogecoin has a future!



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December 18, 2019, 11:45:20 AM
 #6

I doubt it will be a good investment in 2020. Oh wait. i don't even know for sure which one of altcoins will be a good investment for the coming year due to the current market condition. I hate to say this but I believe it's pretty hard for doge to reach another good price. If it's for a short term, well you could still see the profit if you bought them and the price increase even for a few satoshis. Since it's very cheap and you know that meme coin thing. I might be wrong though.
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December 18, 2019, 11:50:29 AM
 #7

Dogecoin is likely to pick up, as people are realizing it’s worth and they are getting over it being a mere crypto joke. Further, The coin might touch the $0.02 mark, where the highest expected price is $0.0294 and the minimum expected price will be $0.0224.

https://coinpedia.org/information/dogecoin-price-analysis/

What's your dogecoin price prediction?

Well, doge was invented for meme, not for serious purpose. Unlike other coins, it is maybe the only coin with no greedy ambition and that's how people love DOGE. But, I think no one should consider this coin as a serious investment cause it has no real value.

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December 18, 2019, 11:57:59 AM
 #8


Well, doge was invented for meme, not for serious purpose. Unlike other coins, it is maybe the only coin with no greedy ambition and that's how people love DOGE. But, I think no one should consider this coin as a serious investment cause it has no real value.
You can not say this has no real value if people are using it daily to make microtransaction from one platform to another. That is right this coin was created as a meme, but because of its capability to make a microtransaction. This coin is no longer used to be a meme coin, it has value even though it is not that much. You can consider this coin as an investment tool, but only for short term. There are more coins out there that have more value because of their capability addressing our issues in real life.
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December 18, 2019, 11:59:07 AM
 #9

Doge is altcoin which in my opinion is a potentially profitable investment in investing without a time limit and just waiting for the right price to resell it because the decline in doge is very vulnerable.
but that doesn't mean you have to have a doge completely, because there are still lots of altcoins that are more profitable in the medium term among the top 10 altcoins.

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December 18, 2019, 12:22:57 PM
 #10

As bitcoin halving is in 2020. Rather I would prefer to hold my BTC than alts. Because I don't have any faith in altcoins.
exactly what I am thinking. I do not see any reason to buy altcoin because in just six months away bitcoin will be halved.
why would we buy altcoin when the market is very bearish on it?


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December 18, 2019, 12:43:30 PM
 #11

What is the fundamental value of Dogecoin. To me is just that old meme coin who had much more attention that it deserved and still gets it because it was one of the first cryptocurrencies in the markets. What does it have better than Bitcoin? No smart contracts, no sidechains, no roadmap as far as I know. In my opinion there are much better altcoins you can choose from in the market which actually have teams actively working on their development.

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December 18, 2019, 12:52:55 PM
 #12

my prediction, doge still has a chance to rise again next year, with prices now touching $ 0.02, most likely in the next year the doge can go up to $ 0.05.


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December 18, 2019, 12:58:54 PM
 #13

More coins come to the market due to the infinity supply and that makes the price of doge will be dumped to the bottom price. I don't even know what was the reason why some people are still believing the future of doge.  not so many people are wanna buying the infinite supply of dogecoin that will always come to the market.

it's not a good investment but just become another short term speculation place for the traders. I could not agree if people call that as investment these days it has not utility usage.
I call that as a speculation coin and that name looks good in my opinion.
There are many different ideas about the doge on the market, while someone thinks it is shitcoin, some think it might be useful. Although it was created as a jokecoin and had an unlimited supply, it provides constant profit to the miners and the transactions are low paid and fast. It is listed in the top 50 on the market and has a good volume. I do not think it is as weak as you think.

But I cannot give an idea about the future of doge, while I am uninformed about the future of bitcoin.
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December 18, 2019, 01:12:03 PM
 #14

Dogecoin has the opportunity for the future let alone to invest I think Dogecoin will be pumped in a large once a year and it will definitely happen again, therefore I always hold Dogecoin in 1 year especially now that the price is low at $0.002 surely this increase will trigger with the price of bitcoin which has been widely predicted.
Dogecoin is an investment of all time.

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December 18, 2019, 02:23:50 PM
 #15

Dogecoin is one of the least volatile cryptocurrency which makes it not suitable for short term investment as the value may not increase substantially within a short period. I personally don't find dogecoin a good source of investment, I'll prefer to invest in Bitcoin or a more popular altcoin like litecoin or ethereum than in dogecoin.
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December 18, 2019, 02:39:12 PM
 #16

For me personally, Dogecoin is a source of quick income, as the daily price can fluctuate very much, but I have never considered this coin for investment.

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December 18, 2019, 03:01:38 PM
 #17

doge has given several surprises this year. the movements of the doge can never be predicted because most appear more stable and move slightly up and down. but for next year if the bitcoin market is being improved I think dogecoin may also experience an increase.

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December 18, 2019, 03:08:02 PM
 #18

Choosing dogecoin is not good investment for 2020 (in my view).better to choose BNB or LTC for 2020. If you don’t want to invest in bnb or ltc,then btc will be best investment.you should make your own research before investment.       

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December 18, 2019, 03:14:56 PM
 #19

Dogecoin is likely to pick up, as people are realizing it’s worth and they are getting over it being a mere crypto joke. Further, The coin might touch the $0.02 mark, where the highest expected price is $0.0294 and the minimum expected price will be $0.0224.

https://coinpedia.org/information/dogecoin-price-analysis/

What's your dogecoin price prediction?
can be good and not good.
Good side, because the price is cheap and suitable to be purchased on a large scale, even if the dogecoin has increased in price by just 1 satoshi we already get a lot of profit.
Not good because, there are still many other coin options besides dogecoin, dogecoin arises because come from memes and dogecoin supply are always increasing. there is no guarantee it will also be according to our estimates price. it's better to choose another coin but if you want to keep choosing dogecoin as an investment in 2020, no problem, thats your choice.

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December 18, 2019, 03:16:37 PM
 #20

I like doge coin because of the dog meme and also the low transaction fee, but I don't think doge coin is good investment in 2020. There are still many coins in the market that good investment than doge.

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