Will Dogecoin Be a Good Investment in 2020

[Palider]

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.

No real value and no use case,  Maybe doge will be stable in price in 2020, and if the price increases this will immediately dump also,  and i agree on you when bitcoin bull run is come i think many people will cash put their investment in doge and they will invest on Bitcoin.

[pikkie]

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.

dogecoin gets worse when they are abandoned by their founder and now it becomes open even a while ago I read an information saying that bitfinex removes doge coins from its exchange list.

[Twentyonepaylots]

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.

Many resists on doge coin although it was a coin actually made for fun, the CEO even did not expect it to be huge by this far. But you are right, competitors have arrived so I think dogecoin will just be a normal coin to upcoming year. But as for the chart based assumption, with the continous decline in the past couple of months I think there will be a pump on dogecoin. Use dogecoin? Yes. Hold dogcoin? No.

[Golftech]

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.

It's been shown before that after bitcoin made the rally most of those alts who are working behind also experienced a good lift from the market. If you have good amount of money that you can use for your investment doge is for long / medium or short trades your target profits will be the determining
factors for your decision, it's all about your own assessment.

[bassbity]

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dogecoin gets worse when they are abandoned by their founder and now it becomes open even a while ago I read an information saying that bitfinex removes doge coins from its exchange list.

I do not believe about it Dogecoin is now increasingly loved by its fans especially in gambling games mostly using Dogecoin.
Dogecoin will become an eternal coin that is loved by fans so that whatever happens Dogecoin will continue to exist, there are also problems with Bitfinex about getting Dogecoin out of the market, there may be some problems so that it is removed.
The founder will continue to exist if this coin continues to grow.

[lunnatic]

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.

Doge investment for 6 years is arguably very good, because if you look at the DOGE performance chart you will conclude that, every year the increase in the DOGE-BTC pair always experiences a high increase if it reaches support, but for this year DOGE has gone up in the month August, and in my opinion the increase will occur in 2020

[eaLiTy]

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.

If your entry point in the coin is good then you might end up in a profit, the problem with the coins with unlimited circulation is that you cannot expect a huge growth in their price but if you are able to enter during the bear market then you will earn a huge profit than the rest of the other coins in the market when the alt coin rally begins and i am sure everyone in the market made their profits with doge and it is not a joke coin even thought it started out as a joke as the use case and the transaction charges are really low and majority of the gambling site are accepting doge coin.

[kaneki007]

I think dogecoin is not the right coin for investment, there are many altcoins that can be used as mid or long-term investments. I usually use dogecoin only for goods purchase transactions because of the low fees and fast deliver

[Greatchu]

I'm getting tired about people talking about dogecoin, i can't seem to understand why people like the coin because many altcoins are better than dogecoin, i can't see its real use case

[Zionatin]

Dogecoin isn't useless and it can be used. It works because it is one of the major cryptos to pay with. I use it sometimes since the fee is only a few cents and it is fast. How is that not a useful coin?
These other coins have no use at all and cannot be spent and only traded on an exchange. I think dogecoin is a good investment. It has been all this time in my opinion. I have profited from it.

[Winscosinally]

Dogecoin has huge max supply which i think its one of the problem of the coin, i like its strong community though and fast as lightning speed, cheaper transaction fee, i don't know what the future price will be but does have good features to make it hit good value one day

[kindbtc]

Yes it could be, personally im just waiting for btc to really boom first and break 20k as that will confirm the start of new bull season and new highs incoming and that momentum will then be transferred to other coins as well.

[FairUser]

My impression for Dogecoin is the lowest transaction fee I know, and the processing speed is also very fast. But honestly no one is investing heavily in Dogecoin at the moment, there are so many better altcoins than Doge in this market and the price is also very low. They will choose other altcoins to invest in 2020

[Coroline]

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?

in my opinion it is too expensive for dogecoin whose total supply is 2.2 billion but for the price I think dogecoin will last and will increase by about 10-20% for 2020

[nxnqauff]

In my opinion, NO. Doge will remain Doge always and will noever ever give profits to its investors or traders. Its a very strange coin and need think multiple time if you are investing in that.

[terrific]

I believe that doge will be useful if there will be a network congestion for the main coins.
It will serve as an alternative option for faster transactions but as an investment.
I'm double-minded to it but I wouldn't mind if I invest my spare money on it.

[albon]

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?

If the price of a dogcoin reached $0.3 while the market improved in 2020, this coin will achieve some profits for its investors, I am not a believer in this coin and I thought it was just a joke but the article motivated me to invest in it a part of my money because it is so far its price is good to buy, and let's see what 2020 has in store for us.

[Xcode7]

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?

For the short term it might be an option, but for the medium or long term I think it needs a lot of consideration. I have never kept a dogecoin for a long time, not because of the amount but because I mapped which coins could be short term, which were medium term, which were long term. Apart from the ups and downs of prices in the market

[Kersh768]

We can never say what will most likely to happen on Dogecoin just like we do not know very well what will happen to the rest of the coins within the market. As far as I am concern and known Dogecoin, what I can say is that Dogecoin might be a good coin just for a short term or short period of time and not good for a long term holding for the reason that due to many new coins that are entering the market in no time, people are most likely seeking for a more profitable coin which is I see far beyond from investing into Dogecoin. Also, a lot more promising Altcoins will soon to come as 2020 enters the calendar and I think people will get along with those than Dogecoin which is for other people is a strange coin.

[adjed]

Firstly, I have to remind you that when Dogecoin was listed in Binance, CZ tweeted that it wasn't listed because of any development strides, that it was listed purely because it has an active community, so this is a coin that is very old but hasn't done much in terms of development and we are talking about a 1000% or more price increase? I don't think that's realistic at all because there are far better candidates in the market now, but I have seen crozier things happen before and when the alt season comes, everything would moon for mooning sake, like what's happening in the Cryptocurrency right at this moment.

Anyways for future price discussion threads like this, you might wanna post it in the Trading section of the forum: https://bitcointalk.org/index.php?board=8.0