Shall I HODL DOGE?

[Dexion]

In the current situation, I am not holding Dogecoin but I am trading Dogecoin for the day.
Seeing how the development of the Dogecoin circulation and trading are not those who are day trading will also see it as a potential market?
in the long run, I'm sure everyone will also think Dogecoin is very risky. but for daily trading, I am sure there are still traders in this forum who enjoy it.

I agree with this, instead of just standing there holding back Dogecoin, we better take advantage of this momentum to gain profits while monitoring one of the people who have influence on Dogecoin, namely Elon, let's wait for what he does to pump up Dogecoin again.

[coupable]

In the current situation, I am not holding Dogecoin but I am trading Dogecoin for the day.
Seeing how the development of the Dogecoin circulation and trading are not those who are day trading will also see it as a potential market?
in the long run, I'm sure everyone will also think Dogecoin is very risky. but for daily trading, I am sure there are still traders in this forum who enjoy it.

I agree with this, instead of just standing there holding back Dogecoin, we better take advantage of this momentum to gain profits while monitoring one of the people who have influence on Dogecoin, namely Elon, let's wait for what he does to pump up Dogecoin again.

I had a lot of Doge back to 2018, bought them during the boom in late December 2017 but sold them last year because of Corona lock-up. I did always believe in the potential this coin has, especially after being left by its Devs and held only by the community. Using Doge is much more safer/faster/cheaper than the majority of Crypto today so it's always good to hold Doge for your best in the future . ☺️

[Dinda mayasi]

if your DOGE is still, maybe you have now felt the fortunateness of saving DOGE. I also once sold 2500 DOGE and converted it into BTC last year. I also didn't expect the price to be a dragon. Maybe also many are experiencing like me. But I am sure that those who diligently continue to mine DOGE will get maximum profit this year.

[Suzane007]

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.

It may seem spam.

The day I opened this thread my holding on DOGE was $ 2. Today that same amount of holding is approx $ 300.  

After opening this thread I have not gained DOGE much but moved to ADA, ATOM and BAT.

Currently accumulating Pi & SPACE.

[tomisinade]

If your plan includes selling bitcoin just for Dogecoin, that's not a good idea IMHO. You should keep bitcoin as much as you can because it's much better than Dogecoin. You see that dogecoin is pumping for some reasons but it's not gonna outperform bitcoin. Just you see right now bitcoin hits $24k again.
And you will regret it in the future when you can't purchase bitcoin anymore because you'll say that it's too expensive to buy. It's the most HODLED coin. But you can still buy Dogecoin if you want and just use your other altcoins for buying it but don't sacrifice bitcoin.

This is what i keep telling people about crypto currency that no one really knows it all... and im not saying anything you said here was wrong but if you look at it from what has happened since you posted this... dodge coin has been doing really well and if he bought both bitcoin and dodge coin with the same price then ... his profit margin for dodge coin would be way more that the profit of bitcoin.. just saying

[Suzane007]

It is a bad idea in my opinion to sell BTC and LTC to buy Doge, because almost every movement of the altcoin price increase is caused by BTC, and the new Doge price movement is supported by a businessman is Elon Musk, and means the rise and fall of Doge prices depend on him.

I agree with your opinion but exchanging among coins will earn you the profit here. Ignore the fees.

As per the chart in coingecko, BTC has gained about 550% while DOGE is at 24000% in 1 year.

I'm not an expert trader. My thinking may be wrong but what I find as per the above values, the margin is high for DOGE.

[v3liana]

This coin is very famous because many big celebrity keep posting about this in hes social media. I had doge too, but i just want to hodl until SNL Elon musk after that i will move on from this coin and go back into stable coin (ETH / BNB).

[BaeSuzy]

Price of this coin rise so drastically and something that went up too fast and the downfall will also be fast. If im being you, when i already got profit more than 3 times i'm gonna cash it out and turn it into another good coin.

[oioi]

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.

if you hold it from 2020 and sell it now you get a big profit, and if you keep holding it, hopefully the DOGE coin will still have a great price and keep increasing in price.

[Mauser]

Price of this coin rise so drastically and something that went up too fast and the downfall will also be fast. If im being you, when i already got profit more than 3 times i'm gonna cash it out and turn it into another good coin.

I would hold my Doge Coins longer. With the price being around 0.60 at the moment there is still so much room to improve. People expect Doge to rise to at least $1. So until that target is reached I am not thinking about  selling any of my coins. To be honest there is no real pressure to sell right now, it might take a few weeks or month until the target is reached. At the moment it seems that there are many new investors coming into the doge coin market. The longer we hold our coins, the higher the price is going to rise.

[Golftech]

Price of this coin rise so drastically and something that went up too fast and the downfall will also be fast. If im being you, when i already got profit more than 3 times i'm gonna cash it out and turn it into another good coin.

I would hold my Doge Coins longer. With the price being around 0.60 at the moment there is still so much room to improve. People expect Doge to rise to at least $1. So until that target is reached I am not thinking about  selling any of my coins. To be honest there is no real pressure to sell right now, it might take a few weeks or month until the target is reached. At the moment it seems that there are many new investors coming into the doge coin market. The longer we hold our coins, the higher the price is going to rise.

There are many investors who are trying to play with the market movements, trying to outplay

those big fat whales around this project, seems that they are not done yet and this target is really

something to reach. if you do have good amount of money which you can save for your future goals,

taking the long run and setting your target might bring better outcome.

[aprilnot]

if you think the doge is still profitable and can still go higher, holding is a good choice. but remember the rumors on May 8th where Elon will be speaking on SNL. this could have implications for the doge's future. so always pay close attention to the situation going forward.

[Midy]

You don't need to sell your BTC and exchange it for Dogecoin, because currently Dogecoin price is influenced by several big businessmen who make the price even higher, but what happens if they don't support Doge anymore, the price will gradually fall.
if possible I suggest that you stick with BTC instead of converting it to Dogecoin

[Sanitough]

You don't need to sell your BTC and exchange it for Dogecoin, because currently Dogecoin price is influenced by several big businessmen who make the price even higher, but what happens if they don't support Doge anymore, the price will gradually fall.
if possible I suggest that you stick with BTC instead of converting it to Dogecoin

Nobody can tell how high DOGE could achieve, it could reach $1 soon and investors will still hype it to reach a higher price. Just imagine how big DOGE has already reached, the higher it rises, the bigger it dumps, it's normal, they are just riding with the FOMO but when it comes to decision making, we have our own because we are the one taking the risk.

Well, to minimize the risk, we need to learn how to diversify, not necessarily leave DOGE for Bitcoin or vice versa, why not invest in both?

[martina14]

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.

Well, if you hold Dogecoin to this date of your posting, obviously you already earn good as well. But if you don't have any dogecoin by this time then at the price of Dogecoin now, of course you already missed the opportunity. But at this point of time, at the present have in the market Dogecoin still hard to determine if this will gonna kick its price again as everybody expecting it, if you are one of the holders of course.  This would always depend in your choice and belief about it.

[helevela]

Selling your bitcoins for dogecoin sounds like a really bad idea. If you have to compare bitcoin and dogecoin, it will be more correct to be in favor of bitcoin, despite the high transaction fees of bitcoin. Comparing bitcoin and dogecoin is really ridiculous. this is my opinion. I wouldn't do such a thing. I would hold dogecoin, but it would be all about tracking pumps to make money. (I have never invested in Dogecoin to date.)

[jajorforce]

You don't need to sell your BTC and exchange it for Dogecoin, because currently Dogecoin price is influenced by several big businessmen who make the price even higher, but what happens if they don't support Doge anymore, the price will gradually fall.
if possible I suggest that you stick with BTC instead of converting it to Dogecoin

On our foolish earth, we don't want to do any research on any altcoins. It is very easy to accept others' research or hype. Bitcoin is the most reliable altcoin. Dogecoin has been the top altcoins since it launched even though I trust Bitcoin and ETH. In a month, Dogecoin bullrun will slow down.

[CaVO32]

Selling your bitcoins for dogecoin sounds like a really bad idea. If you have to compare bitcoin and dogecoin, it will be more correct to be in favor of bitcoin, despite the high transaction fees of bitcoin. Comparing bitcoin and dogecoin is really ridiculous. this is my opinion. I wouldn't do such a thing. I would hold dogecoin, but it would be all about tracking pumps to make money. (I have never invested in Dogecoin to date.)

The future of doge is very hazy one as it has no solid direction where it is going. Why not solid? Because right now, the major determining factor of pump is owed to Elon Musk. Do you think it is a sustainable approach for the future of a coin. I don't think so. So comparing doge and bitcoin? That's really ridiculous. Surprisingly, doge is in the top 4 position, but for how long? This is a scary investment to take but up to the user if he can take this risk.

[CryptoLogo]

It is a bad idea in my opinion to sell BTC and LTC to buy Doge, because almost every movement of the altcoin price increase is caused by BTC, and the new Doge price movement is supported by a businessman is Elon Musk, and means the rise and fall of Doge prices depend on him.

In general, it is true, everything is moving behind Bitcoin. But if it stands still, then investing in Doge is quite a reasonable thing, because with a stable market, Doge has the ability to grow, especially this has been clearly seen lately. However, it is difficult to predict the moment when the BTC will continue its movement up and down. Therefore, it is best to diversify your funds without relying on one thing.

[Danslip]

It is just wasting of time for me, but it is just my personal opinion, that is why there are a lot of people who can earn great from Dogecoin. Overall this coin had not any chance if Elon Musk has not made anything. The price of the Doge coin is manipulated by Elon musks tweets and as you know Elon Musk has said that if you want to buy Tesla, you can pay that with Doge. l think this decision will make more successful Dogecoin. That means the Doge coin can make something better in the future.