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Author Topic: Is worth to invest in dogecoin?  (Read 1347 times)
semobo
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August 25, 2020, 05:33:40 PM
 #161


Lots of crypto traders are using Doge. The one thing that I remember the first days discovered Bitcoin was watching youtube users who show off their trading profit and I noticed his Tshirt was the dogecoin dog. He is just so proud in trading doge that made him more money.

Investing to doge must be worth but you would have to wait for months to years. Its meant for long term investors.
Doge coins is following kind of parabolic cycle for many times already so that is really a good coin for investing in long term, even recently the price of Dogecoin increased a lot due to the tiktok challenge but it got reduced in no time as well that is why it is mandatory to sell at the right time if you want to make profits.
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August 25, 2020, 05:44:01 PM
 #162

Even dogecoin has unlimited supply and the price won't increase just like the other coins I think it's worth to invest on doge but not for a long term investment maybe for day trading or swing trading? I'm not that expert on trading but it seems it's not really good for long term in my opinion.

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August 25, 2020, 05:50:38 PM
 #163

I would say not worth to invest in doge cause the price movement are so barely move. With the infinite supply i dont think you will make any money in trading. Doge is good for used case in casinos site as a lot of casinos using doge and doge also has a low fees for transaction so for investment it will probably not worth at all...

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August 25, 2020, 06:14:14 PM
 #164

Elon Musk's favorite crypto project, I think the project still lives only thanks to its community.

Doesn't mean that Elon will help it pump. Saying you like something without really being an investor is not worth much.

Anyway, I like doge. It has much more value to it than shitcoins like BSV despite the price of BSV being higher. Price has not much to do with value or utility.
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August 25, 2020, 06:39:07 PM
 #165

I think dogecoin is a skeptical token that requires expertise to trade or invest into. It is definitely not a bullish token but had been a useful token for pump and dump scheme. As an investor, it it is up to you to get yourself a good investment entry, buy, hodl and sell at a higher price
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August 25, 2020, 07:51:56 PM
 #166

Feasible or not in investing all depends on yourself in doing research because everyone has a different point of view in determining their investment. Even though Dogecoin has an unlimited supply, at least it's still worth investing in but not recommended in the long term

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August 25, 2020, 10:36:33 PM
 #167

We do not know what coin will pump, perhaps, with the passage of time, we will gain profits from the Dogecoin, its price is really low, so we can invest it at this low price. Even if we lose these money, it will not be a great loss, and I see that the Dogecoin project has capabilities and algorithms that will help it grow and spread, We hope that after several years we will find this coin profitable for investors.

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August 26, 2020, 03:08:20 AM
 #168

Dogecoin is traded almost all big exchanges with good daily volume and it is a good investment for short and long investment as its price still very low and one small jump will give you good return at this stage.

That's true even a 2 sats jump can give you a nice profit this is good for day traders and who continuously trading for profit, I'm using this in place of Ethereum to cashout to our local wallet Abra it's cheap and transaction fee and confirmation speed is excellent, it's a perfect alternative for fast and cheap transaction fee.

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August 26, 2020, 03:22:24 AM
 #169

Well!! Did you know? Dogecoin has gained a lot of popularity in the crypto space, as a lot of experts like Elon musk, vitalik, and john McAfee have shown love and support for dogecoin.

On the other hand, experts predict that dogecoin price will rise high in the upcoming years.

What's your take on dogecoin?

I don't care about the price of Dogecoin in the future, I just keep and see it as a tool to transfer my money to exchanges such as Binance, Bittrex

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August 26, 2020, 03:52:26 AM
 #170

Dogecoin is traded almost all big exchanges with good daily volume and it is a good investment for short and long investment as its price still very low and one small jump will give you good return at this stage.

I think so too, doge coins are widely used on gambling sites as betting so it will definitely be useful and good for the long term, even though the price does not go up and down quickly, but one of the safe options for the long term.

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August 26, 2020, 03:57:42 AM
 #171

Not sure but if I were looking for cheap price even in a small profit return I would suggest to buy doge but it's not for long term holding because in my observation the price range is not totally change but who knows what will happen in the future.
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August 26, 2020, 04:49:13 AM
 #172

for me it is very suitable if you want to invest in Doge coin, doge coin has high demand and volume but I use Dogecoin more as a short term investment
because the movement is quite fast in the market if for the long term it is not very suitable because Doge coin has a high total supply so that the price will not increase many times in the long term

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