Will Dogecoin Be a Good Investment in 2020

[DoublerHunter]

To be honest, I did not see any potential of Dogecoin, probably I will invest but in the last option of my decision that something there's nothing to invest aside from Dogecoin. The reason is Dogecoin did not have a fixed supply because this coin keeps growing amount due to it can be mine. There are also miners keep mining and the supply will increase and of course, it has become lesser. Long term investment will probably have insurance but in my own opinion, it is 50/50 to gain profit.

[Lagduf]

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!

I am not a daily trader so investing in 2 ~ 3 months for me it is a short term investment.
I mean, if we hold a doge for a few years, it is almost unprofitable because the price of the doge is usually around 0.00000025 ~ 0.00000035 btc.
Of course doge is also my favorite coin, I have made quite a bit of profit from this coin.

The price of dogecoin is decreasing anytime as the total circulating supply is getting a lot of increase anytime. It's not a good decision to take dogecoin as a long term investment. I also use doge as a short term speculation coin and that must not be more than 3 months. Doge has infinity supply that is the worst thing that will make those hodlers of dogecoin will be a party that will lose their money.

[alyssa85]

[
The price of dogecoin is decreasing anytime as the total circulating supply is getting a lot of increase anytime. It's not a good decision to take dogecoin as a long term investment. I also use doge as a short term speculation coin and that must not be more than 3 months. Doge has infinity supply that is the worst thing that will make those hodlers of dogecoin will be a party that will lose their money.

The price of doge in dollar terms ranges from $0.002 to $0.0027.

Most of the supply has already mined, the additional coins mined increase supply by only a small percentage.

I'm noticing more adoption for doge. Kraken now lets you trade it against euros and dollars. Binance is listing it. It's one of the few alts apart from litecoin or ethereum that you can exchange directly for fiat across the world.

[LordShanken]

To be honest, I did not see any potential of Dogecoin, probably I will invest but in the last option of my decision that something there's nothing to invest aside from Dogecoin. The reason is Dogecoin did not have a fixed supply because this coin keeps growing amount due to it can be mine. There are also miners keep mining and the supply will increase and of course, it has become lesser. Long term investment will probably have insurance but in my own opinion, it is 50/50 to gain profit.

Dogecoin's strength is in a fantastic community that has been supporting this project for many years. It is Dogecoin that has the largest number of faucets of all Altcoins. That is why most new cryptocurrency users meet with Dogoecoin as the first Altcoin. I think that it is the popularity and sympathy of the community that makes the price of Dogecoin one of the most stable on the entire cryptocurrency market. If someone is thinking about a stable investment, I think Dogecoin will be a very good choice.

[xZork]

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!

I am not a daily trader so investing in 2 ~ 3 months for me it is a short term investment.
I mean, if we hold a doge for a few years, it is almost unprofitable because the price of the doge is usually around 0.00000025 ~ 0.00000035 btc.
Of course doge is also my favorite coin, I have made quite a bit of profit from this coin.

The price of dogecoin is decreasing anytime as the total circulating supply is getting a lot of increase anytime. It's not a good decision to take dogecoin as a long term investment. I also use doge as a short term speculation coin and that must not be more than 3 months. Doge has infinity supply that is the worst thing that will make those hodlers of dogecoin will be a party that will lose their money.

Because the doge supply is infinite, I am sure its price will not be too high and we should not invest in the doge for more than 3 months.
Doge has had a long decline in price, I think in the next 3 months doge will have a new price increase. Perhaps this is a good time to collect doge and wait.

[leetcoiner]

I think that DOGE in 2020 will be an excellent investment, although this project does not make much sense, but it can grow up very well.

[Adriano2010]

It might be a good investment in 2020 but all depends what will happen with crypto, if more money will come on then yes we can have a good price for Dogecoin and get a good profit.

[FairUser]

I think that DOGE in 2020 will be an excellent investment, although this project does not make much sense, but it can grow up very well.

I have not seen any development in the last 3 years. This is really just a normal project and doesn't mean much to us, I like this project because it has a very cheap withdrawal fee and doge meme. You should look at other great projects and invest in them instead of investing in Doge

[mirrasel]

It's tough to predict the initial coins. Wait and see!
But, try to understand the coin sentiment before trade or investment.

[Wysi]

I think that DOGE in 2020 will be an excellent investment, although this project does not make much sense, but it can grow up very well.

On what basis? I know DOGE is loved by most of the users and it's often shared as meme and has minimal fee compared to other coins but they have not achieved much and they are still at the same stage where they were years ago wherein we see new projects every day with some sort of unique features which are market needs. I think DOGE needs to focus on further development in this competitive market if they want to be in the race.

[MancyZz]

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?

my prediction doge will reach 2x or 3x in 2020. doge is one of my favorit coins to hold for long term because doge has many supply and the price very cheap but still many of Enthusiasts and can survive untill now. doge coins has stable price for short term but in long term can give big profit for holder or investor.

[scambust]

I still think Dogecoin is still a joke.

It is a coin that crypto whales keeps on pumping and dumping with every altcoin season. It goes up pre-season, during the season. It is easy money for those whales that had the coin from the earliest days.

[shoreno]

I still think Dogecoin is still a joke

how do you say so  ? if its a joke then why doge coin is now on most gambling site that i play  ? if its a joke then why its still one of the top coin and the most popular coin until today  ?   .  a real joke coin means unpopular and not on the mainstream or dont even exist at all online  .

 dogecoin is a coin that is fast and reliable as a medium of exchange but not as good as a seriuos investment because its value is likely to become more stable and wont grow that much   .

[scambust]

I still think Dogecoin is still a joke

how do you say so  ? if its a joke then why doge coin is now on most gambling site that i play  ? if its a joke then why its still one of the top coin and the most popular coin until today  ?   .  a real joke coin means unpopular and not on the mainstream or dont even exist at all online  .

 dogecoin is a coin that is fast and reliable as a medium of exchange but not as good as a seriuos investment because its value is likely to become more stable and wont grow that much   .

Dogecoin doesn't have any significant feature different from Litecoin and Litecoin is a joke too because it is a Bitcoin wannabe with no real developers. The only thing holding up DOGE is the whales that use them to manipulate the markets.

[gabmen]

I still think Dogecoin is still a joke

how do you say so  ? if its a joke then why doge coin is now on most gambling site that i play  ? if its a joke then why its still one of the top coin and the most popular coin until today  ?   .  a real joke coin means unpopular and not on the mainstream or dont even exist at all online  .

 dogecoin is a coin that is fast and reliable as a medium of exchange but not as good as a seriuos investment because its value is likely to become more stable and wont grow that much   .

Dogecoin doesn't have any significant feature different from Litecoin and Litecoin is a joke too because it is a Bitcoin wannabe with no real developers. The only thing holding up DOGE is the whales that use them to manipulate the markets.

You're right. It doesn't have any significant features and is mostly a parody coin. But it's still here. And the fact that whales are using it, even for the sake of just manipulating the market, tells us that it's a better choice than most coins in the market. And it's not just whales that use dogecoin here. Many normal traders and holders use it for transactions. I'm sure i do. So it may not be the best investment, but i'll sure keep myself a good bag of this coin.

[CodyAlfaridzi]

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?

Very, very unlikely. I see no reason at all why Doge could be a good investment in any year. It's just a meme coin with no fundamental value at all. No use case. It's just being used for pump and dump by market makers.

A lot of people saying it's a good investment above me without any reason. It's just nonsense.

[wajik-tempe]

I still think Dogecoin is still a joke.

It is a coin that crypto whales keeps on pumping and dumping with every altcoin season. It goes up pre-season, during the season. It is easy money for those whales that had the coin from the earliest days.

Yeah this coins is doesn't have a bright future but as long as people use it, it won't die. Many people in my circle using this coins as a giveaway coin when they have quizes or some games that have rewards, the rewards is in doge coins. Price is unpredictable sometimes we'll get 100% profits when the whales are pumping it hard. But really not good for investing

[Reatim]

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?

dogecoin is one of the currency that has been popular for the gamblers and you can see in most sites that players are using this for their gambling habits(including me) so i think after halving of bitcoin in 2020?the effect will be on most altcoins and Dogecoin is included ont his.so for me?yeah this is a good investment if you can wait for longer.

[sayaya17]

To invest in doge coins, as of today when the price of Doge is cheap then to buy it very good and save it. After the doge price rises significantly then we sell it. because at any time he will jump high like the events of the previous year, when the price of Bitcoin jumped, the price of the Doge coins also jumped. For now maybe we have to wait for the moment of Doge price hike.

[Shasha80]

Sorry I have to say that Dogecoin is not the right choice for investment, its price movements are very slow. And its development
from years to year almost nothing. We could say dogecoin is similar to stable coins, because the price is relatively stable. Dogecoin
use by a lot people to move assets from one exchange to another, because the cost is cheap and the transaction is fast. From the
explanation i was clear that dogecoin is not good as an investment in 2020, even though the price will not rise too high. So it is better
choose other altcoins to invest in 2020.