Will Dogecoin Be a Good Investment in 2020

[imutlinda]

doge has better potential for daily trading because the price movement is more profitable, but if long-term investment is likely to be less suitable because the unlimited amount of supply makes long-term investment less suitable. but if anyone believes in investing for the long term then that is the choice

[Golftech]

doge has better potential for daily trading because the price movement is more profitable, but if long-term investment is likely to be less suitable because the unlimited amount of supply makes long-term investment less suitable. but if anyone believes in investing for the long term then that is the choice

Tough decision if you are not familiar with how things works inside the market, Doge being played by most holders are very prone to manipulations.
You need to make some good assessment, having stop and loss feature from your trading pairs can give you some good chance to take some benefits
since doge is moving both up and down from time to time. Timing and patience you need to practice this combination.

[Lagoons]

Doge coin is a meme type of coin with lots of recognition. It's eye grabbing in that sense. So for that reason alone it might be a good investment. But with like everything else, don't put more than 2% of your portfolio into it.

[imstillthebest]

Doge coin is a meme type of coin with lots of recognition. It's eye grabbing in that sense. So for that reason alone it might be a good investment.

its recognize in a funny way and not in a serious way  . means people dont invest on it the most , that is why i dont think doge is a good investment but its a good coin to have for paying , gambling or for collection   .

But with like everything else, don't put more than 2% of your portfolio into it.

like everything else  ? you mean all other coins including good coins like btc should only be 2 percent of investment  ? or you mean to say everyone else said that dont invest more than 2 percent on doge   ?    2 percent is small but that is good for a coin like doge  but we should up our investment percent on other good coins  .

[dunfida]

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?

Currently as of writing DOGE's price is  $0.002037 -Going for 0.0224 price isnt really that far but asking if this would be worth for investment? Then its your choice.
We know on whats the total supply of this coin and for sure there were lots of hodlers of this so called meme coin.Its hard to tell if it can able to move that too fast
 considering on lots of sell walls along the way.So i would simply skip this one into my selection.

[SlimShadyMmp]

You want to experiment holding crypto coins then doge is good for holding in wallet and seeing lots of it but truth is the coin is worthless then and now For the future it still remain same so if you are holding so much my advice is find a seller or just do giveaway save yourself some time mate

[eaLiTy]

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.

When everyone wants a stable coin without a huge volatility you are seeing this as a negative aspect of the coin  . The price movement might be really slow but if you are able to enter at a good price then you are going to make a huge amount of profit once there is a rally in the coin.

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.

You are showing the real uses of Dogecoin, it is true that the transaction is fast and cheap and now majority of the gambling sites accept doge and why do you think it will not grow and these are optimal conditions to get investment in the coin rather than the other dozens of coins who does not have any other use case rather than speculation  .

[wajik-tempe]

Dogecoin is a favourite coin for me, and in my view this coin is also a good investment in 2020, maybe there are still many coins on the market that are much better than Doge, but it wouldn't hurt if you made this coin as a portfolio investment. In terms of Dogecoin transactions are far more cost-effective and I'm sure Dogecoin's price could increase in the coming year.

Yeah dogecoins is more like a transaction coin or a tipping coin, it's hard for the price to increase except from a group whale pump. But i think dogecoin could die anytime because no company has backed up this coin and this coin rely on it's community.

[MrPiggles]

Dogecoin is a favourite coin for me, and in my view this coin is also a good investment in 2020, maybe there are still many coins on the market that are much better than Doge, but it wouldn't hurt if you made this coin as a portfolio investment. In terms of Dogecoin transactions are far more cost-effective and I'm sure Dogecoin's price could increase in the coming year.

Dogecoin is just a normal altcoin and does not have much value in investing, so if you choose to invest, you need to consider carefully before making a decision. For me, this coin is not suitable for long-term investment because the value of this coin is often very volatile so there are many risks that you need to avoid. Of course, you are the decision maker so it will depend a lot on how you think about that coin.

[ecnalubma]

Not bad if you allocate small amount for Doge, I only accumulate Doge in faucets anyway 😂. Before I didn’t that the price will improve though its shitcoin to others but definitely a shitcoin that will last long and worth keeping.

[carlisle1]

Not bad if you allocate small amount for Doge, I only accumulate Doge in faucets anyway 😂. Before I didn’t that the price will improve though its shitcoin to others but definitely a shitcoin that will last long and worth keeping.

i have my dogecoin in my pocket ,those i left when i stop gambling so for me?i have a big trust in this Gambling coin(or most popular currency for gamblers lol)

that is my regret when i did not take the chance having dogecoin from faucet as idon't believe in this one.but i accumulate from buying in cheaper price .

[naira]

actually doge is suitable for long-term investment doge has a large volume in each market but to make a big profit is a little difficult because doge has a high total supply

[drlukacs]

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?

I don't find anything cool at Dogecoin. People seem to hold Doge from ATH, so they are trying to create some faith to entice new investors to join them. Never believe in news on social media sites or any other analysis. The reality is that Doge's price is going down every week and I don't see any potential that you're talking about. if there is any potential, it has gone up in price, so it's all an illusion. I advise you to stay awake and not try to invest in such alts unless it has really good events that can reverse the price.

[reallester]

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?

Doge seem to be a potential coin. It has lasted the test of time. And it is incredibly doing well currently. A lot people bagging Doge for a long time investment. It might worth the wait along the line.

[alan2here]

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?

Doge seem to be a potential coin. It has lasted the test of time. And it is incredibly doing well currently. A lot people bagging Doge for a long time investment. It might worth the wait along the line.

Don't put too much faith in this coin because the risk of choosing to invest will be very high compared to other altcoins. Currently, you should only trade with this coin and be quick to make a profit from Dogecoin. In fact, Dogecoin has been around for the past 6 years and the development team has almost disappeared so there are not many opportunities to make money when choosing to invest.

I still encourage you to find a better new coin because the crypto market has hundreds of very good options for you and almost all of those coins are very cheap.

[Alexmagn84]

I don't have the foggiest idea what was the motivation behind why a few people are as yet accepting the fate of doge. not all that numerous individuals are wanna purchasing the limitless stockpile of dogecoin that will consistently go to the market. Dogecoin had several sharp cost increments in the previous years, and to catch that second you need to hold some measure of Dogecoins for quite a while.

[AAPPKK]

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.

During the last halving, btc did not change much. I don’t know if it will be this time.

[slaman29]

I don't have the foggiest idea what was the motivation behind why a few people are as yet accepting the fate of doge. not all that numerous individuals are wanna purchasing the limitless stockpile of dogecoin that will consistently go to the market. Dogecoin had several sharp cost increments in the previous years, and to catch that second you need to hold some measure of Dogecoins for quite a while.

I think people actually do and have for a very long time. They know doge is not going to be taken seriously by institutionals but at the same time it probably has the largest community of silent users, especially in gambling.

Dogecoin is not limitless, by the way, yes, no supply cap but realistically, no one will mine it beyond a certain difficulty.

[btc78]

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?

2020 had passed 2 years now after this thread and also you have already gained 2 Red tag yet Dogecoin is still a Gambling coin and also some small traders that wanted to have so very cheap transaction fees but aside from that ?nothing Best happen last year and even this 2021

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.

During the last halving, btc did not change much. I don’t know if it will be this time.

what?  do you really know what you are talking? 2016 halving took effect in 2017 in which the ATH recorded .

And 2020 halving Make Biggest growth in December and up to January this year so what are this?

[LittleJadiel]

It's 2021 and I think DOGE is a good investment, especially after the supporters of Elon Musk hype it when the richest guy tweeted about the underrated coin.