Shall I HODL DOGE?

[bounceback]

I have some DOGE, received from faucets. Not much just around 500.

After the increase in the transaction fees of BTC, I have thought of converting my BTC and LTC to DOGE for the transactions and keep them as DOGE. On the second thought, I thought of converting my DOGE to LTC and keep.

I have gone through some articles about DOGE's future price and I got some 50-50 opinions. I discussed with my friend and he suggested me to hold till mid-2021, I can't say why till mid-2021.

It's true that many sites have started accepting DOGE, thus it is getting popular so there is a chance that the price may increase. Still, my knowledge says there are certain loopholes like there is no upper limit in mining DOGE and it is still much easier to mine compared to others. In short, the demand & cost curve is a bit of a failure here. Though one can't say what might happen after 20 years.

Here I want some expert advice on this. Whether it is a good idea to convert and hold or keep my DOGE reserve constant.

In my opinion, if you really want to invest it until mid-2021, it is not good because the number of coin supplies is too much. Make sure the price cannot be stable and certainly relatively cheaper, so it's a bad idea to invest in Doge until the middle of the year.

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[max6575]

with works of technical evaluation investors to hold and keep with the growh as collecting returns with investment, as extensive terms with the plan to gives with the release of drawing of chart with the market that investors to define decision to work following customs of personal strategics.

[randegibran]

Although many trader and investor not trusted with Doge coin I think today Doge raise to higher price again, maybe after Elon Musk make new tweet about doge coin, but always be careful when entry on Doge coin because faster for raise up and most excited faster for going down, you need take fast when entry and better sell after get profit from doge coin.

[TedMosby]

There’s no implementation to limits the dogecoin’s total supply yet. Let see what will happen in the future.
At least dogecoin holders can take advantage from elon musk. I am sure Tesla would accept dogecoin in the future. Or at least his another company, “the boring company” most likely to accept it in the future, because it’s more relevant with the spirit. Dogecoin is worthed if you are an enthusiast. Sometime you just need to crypto and chill. dogecoin is the real “NFT” for meme lover. However, I expect the unexpected from this coin.

[Tash]

There’s no implementation to limits the dogecoin’s total supply yet. Let see what will happen in the future.
At least dogecoin holders can take advantage from elon musk. I am sure Tesla would accept dogecoin in the future. Or at least his another company, “the boring company” most likely to accept it in the future, because it’s more relevant with the spirit. Dogecoin is worthed if you are an enthusiast. Sometime you just need to crypto and chill. dogecoin is the real “NFT” for meme lover. However, I expect the unexpected from this coin.

There never will be a limit. It has inflation of over 4% thats worse than fiat and in long term not sustainable.
Factual available suppy data over the years: https://imgbb.com/JycQfxY

[Jaered]

Hodling Dogecoin as a long term to me is a bit risky. Better for medium or short term. Its supply and value issue is the reason I would do such

[acquafredda]

These three coins should only be buy and hodl investments.

Bitcoin is the real deal, Litecoin is Bitcoin on a scale 1:4 and Dogecoin is... such wow, much doge.
Being all copycats of bitcoin, I have already dismissed both my LTC and doge holdings. There is no point in holding coins which are in a way similar to btc but that have less security and less capacity as SoV.
I would rather stack sats instead of LTC and Doge.

[peterpanda]

Hodling Dogecoin as a long term to me is a bit risky. Better for medium or short term. Its supply and value issue is the reason I would do such

But many people are predicting that Doge can hit up to $1. If it heppens, then why we will sell Doge at this time? We should wait and hold Doge for long term to get good return from it. In my opinion, it will better option to hold doge if we want to make profit in future.

[rannovan]

Its not 2018 you know, crypto moving ahead fast

yes I know it's a golden year. It is my only option if I am interested in holding the doge or simply converting it to coins for inter-exchange transactions although there are other coins that are stronger and cheaper with a fee issue.

[Miaallen]

Keeping your DOGE coin at the expense of of Bitcoin or litecoin will be a wrong decision that might result in regret. Bitcoin is still on the rise breaking its all time high prices at intervals. DOGE coin on the other hand hasn't broken its own ATH of $0.7 since January.

[JJJJames]

Keeping your DOGE coin at the expense of of Bitcoin or litecoin will be a wrong decision that might result in regret. Bitcoin is still on the rise breaking its all time high prices at intervals. DOGE coin on the other hand hasn't broken its own ATH of $0.7 since January.

Even Elon is struggling to keep the hype going, I expect it to be at 3c before long

[Koro-Sensei]

Without it's utility its still a joke coin. I believe that elon made some controversial move by promoting this one and probably it has a direct proportionality with the trust that community has given this coin. Just saying though. I am still speculating.

[newwest]

Without it's utility its still a joke coin. I believe that elon made some controversial move by promoting this one and probably it has a direct proportionality with the trust that community has given this coin. Just saying though. I am still speculating.

Doge will go much further than its current price, though it may be a joke coin but anything that helps users or investors to turn their money into a profitable investment then it becomes a surprise or feel jealous where someone has made money and other kept considering it as a joke. So it’s a everyone choice how they need to look into this coin.

[mirgo1791]

yes the DOGE might helps of investors portfolio as the chance on holding that more on following times the rise with the value to gives of difference as investors to gains of spares with the profit to compound or to work with different plan on same or similar strategy as applied with the doge plan.

[bitcon]

I see no point in keeping Doge. We all see the market changing every day. How certain coins rise or fall. Are you seeing a major change in the dynamics of Dogecoin? I do not see and do not understand why all this excitement. A lot of users of the crypto market follow Musk's every tweet, every mention of the coin in the news. I understand the desire not to miss out on the benefits of my investment, but not with Doge. This coin is like a beautiful package, inside of which there is nothing remarkable. If you want to make money, look for more profitable projects.

[randegibran]

Doge still can pump last tweet from Elon Musk but if you want to buy this coin just wait how effective again with Elon Musk tweet, but I don't want to get risk by investing on hype coin I think because only raise up when another tweet from Elon Musk. I think have many coin lists on market exchange right now why have to buy doge coin only.

[Finixtex]

I used to hold DOGE for low fee and quick transaction and it used to be a great hold for long term investment, if it had just moved 5 satoshis then all the holders were having a great day. But, nowadays I feel like Dogecoin is losing their place for an old coin and again IT IS JUST MY OPINION. I treat it as a meme coin for that matter.

Doge is a very good coin. Doge is a coin that does not charge a fee to buy and sell. Doge coins have made people very profitable. Doge coins will give more profit in the future.

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[bitterguy28]

I have some DOGE, received from faucets. Not much just around 500.

After the increase in the transaction fees of BTC, I have thought of converting my BTC and LTC to DOGE for the transactions and keep them as DOGE. On the second thought, I thought of converting my DOGE to LTC and keep.

I have gone through some articles about DOGE's future price and I got some 50-50 opinions. I discussed with my friend and he suggested me to hold till mid-2021, I can't say why till mid-2021.

It's true that many sites have started accepting DOGE, thus it is getting popular so there is a chance that the price may increase. Still, my knowledge says there are certain loopholes like there is no upper limit in mining DOGE and it is still much easier to mine compared to others. In short, the demand & cost curve is a bit of a failure here. Though one can't say what might happen after 20 years.

Here I want some expert advice on this. Whether it is a good idea to convert and hold or keep my DOGE reserve constant.

Do you need funds now? if yes then why not sell them all right away, But if Not ? then what's the reason to ask this ?
You only have 500 Doge and that is just sPeanut if you sold now.
Let it in your wallet for another 10 years and lets see what happens , if it will favor you or will favor the market.

[Lantind]

Keeping your DOGE coin at the expense of of Bitcoin or litecoin will be a wrong decision that might result in regret. Bitcoin is still on the rise breaking its all time high prices at intervals. DOGE coin on the other hand hasn't broken its own ATH of $0.7 since January.

That's right, sometimes people are lulled and tempted by the increase in Dogecoin which has reached ATH in January without considering what he already has at that time, so they choose to throw away Bitcoin and Litecoin to buy Dogecoin.

Even Elon is struggling to keep the hype going, I expect it to be at 3c before long

I am also impressed by the struggle of Elon Musk, but please note that he will not be able to fight alone, because this is not a real world crypto whose business we can process according to our own desires.

[Miaallen]

Keeping your DOGE coin at the expense of of Bitcoin or litecoin will be a wrong decision that might result in regret. Bitcoin is still on the rise breaking its all time high prices at intervals. DOGE coin on the other hand hasn't broken its own ATH of $0.7 since January.

Even Elon is struggling to keep the hype going, I expect it to be at 3c before long

His tweets to lull people in to buy DOGE coin and get dumped on is not even working any more. Even his manipulation to make people pump SHIBA INÚ did not really get as much response as his first tweet about DOGE this year January. People are now wising up.