Does Dogecoin still worth to invest?

[geegaw]

Cryptocurrencies are always worthy to invest and Doge coin too as long as it has any value so it all depends on how you good with your analysis and patience level.

Investments are subjected to market risks* 

To the extent that it deserves, I do not give too high a score on dogecoin, its score is acceptable and passable due to the project's persistence and intense vitality, above all, it has too many magic points that coincide as mysterious pumps or Elon Musk's assist. However, the random and external external forces only partially help the growth, the project lacks internal factors, hence the scale for it is still quite low, instead of being patient with it, a new project or project with internal power will be more valuable

[adzino]

Dogecoin has dropped after a huge breakout. Many hk people think that the bull market of Dogecoin is over. But some people think that Dogecoin still has a chance to go up. However, there’re very few information about Dogecoin in most investing forum in hk. It’s because hk people are more keen on investing stocks and bonds. Most people in this forum are professional in investing crypto. Could you tell me whether Dogecoin still worth to invest? Or the bull market of Dogecoin is over?

You mean is the price still being pumped and manipulated? Nope, I think it's over and will slowly crash and go back to the price they used to be. A common phenomena that has been happening forever and more quite often recently. Don't invest in Dogecoin now. Quite risky. Highly likely you will lose everything if you do now since the price is slowly dropping. Wait for another trend/hype, and then invest. Or maybe invest when the price has dropped significantly and keep holding for another joke to take place.

[ipanks]

The answer will be maybe yes and maybe no. But with the price now, I think you can wait for more because the price now still too high to invest in Dogecoin. But I think you can try to invest in a small amount first to see where the price will move, and if the price is down for more than 10%, you can buy back and hold it. We do not know if Dogecoin is still worth to invest or not after the price soar to the high price.

[herurist]

Could you tell me whether Dogecoin still worth to invest? Or the bull market of Dogecoin is over?

based on my personal point of view and it is not mandatory for you to follow it, it's just that I want to reveal what I understand about investing or trading Dogecoin. I simply think Dogecoin is still worth investing in, because while a lot of popularity this one has seen Dogecoin as a top crypto and also has a strong boost from either the wealthiest entrepreneur or the like, Dogecoin will still have a price increase over time. The only thing you need to pay attention to is, when the ATH price increases on Dogecoin you should be able to take advantage of this situation, and take Dogecoin share at the bottom price again. with Dogecoi high volatility at the moment the possibility of the next ATH price will be quite high. but back again in your own decision, because you are the one who invests and you decide.

If people tells you to invest in it would you invest in it?
Dogecoin is being hyped so some might say yes but for me it is better to do your own research do you really think that it is still worth it?
Do you think that it would continue to grow?

that's why he asked a question for one of us to provide insight into what has been understood about the current price of DogeCoin. so it would be nice for you to be able to provide advice as a trader who may have been active for a long time in cryptocurrency. or maybe you frequently interact with Dogecoin trading.

share your understanding with him who is in need of insight. at least a speculation from the results of your own research.

[Iceblast]

doge coins are only very suitable for use as a short-term investment, when the price goes up and sells and when it goes down buy. it does not pass risk to doge, because what we know today is doge is risky because doge was not created for long-term investment

[Farma]

the thing I was most afraid of was that the price of Doge could collapse at any moment. however, currently the price of the doge is quite high, but the potential for a rise in its price remains. We don't know what else will make Doge's price even higher. I even thought the potential could be as high as $ 0.5

[LittlePrinceCat]

the thing I was most afraid of was that the price of Doge could collapse at any moment. however, currently the price of the doge is quite high, but the potential for a rise in its price remains. We don't know what else will make Doge's price even higher. I even thought the potential could be as high as $ 0.5

Yes, I agree with you. I’m afraid that dogecoin will continue to go down after I buy it. Since it’s price is much lower than other coins, then its risk is much more higher. I’m not sure whether dogecoin worth to invest, then I ask for professional advice in this forum.

[serjent05]

It is quite risky to invest in Dogecoin right now since it recently got pumped.  You might end up bag holding overpriced Doge once the whale decided to exit dump.  Though I agree that the possibility of DOGE to be pumped again is there but I would play it safe and look for other investment that has yet to be pumped hard.

[Rengga Jati]

For investment? Long term?
I don't think so,

I am trading Dogecoin, especially for scalping. yeah, this is worth getting some profits by scalping from Doge.
However, if it is about investment, for a certain time period, well, I am not sure to put it on my list.

I am wondering if those public figures don't make it hype again, the price will drop again. But yeah, I personally admit how the communities of Doge is very powerful, moreover with the certain statement and also influence by many more popular public figures and also news about this

[tobi4255]

It's very risky to invest now. If you have enough money to loose than you can invest in Doge. It might be a profitable invest.

[Peterson60]

To me, it seems like the time to invest in Dogecoin is over. Even according to https://tradingbeasts.com/price-prediction/dogecoin, the coin shouldn't be more valuable even by the end of 2021 than it is now.

[nightwishx]

It's very risky to invest now. If you have enough money to loose than you can invest in Doge. It might be a profitable invest.

That's why you call it risky. Currently the price of Doge is too high for a coin that doesn't even have a real use case. The only profitable investment is if you really know when you will buy and sell it, but maybe you will not get the maximum profit like when Elon Musk used his power of influence.

[irsykes]

Dogecoin has dropped after a huge breakout. Many hk people think that the bull market of Dogecoin is over. But some people think that Dogecoin still has a chance to go up. However, there’re very few information about Dogecoin in most investing forum in hk. It’s because hk people are more keen on investing stocks and bonds. Most people in this forum are professional in investing crypto. Could you tell me whether Dogecoin still worth to invest? Or the bull market of Dogecoin is over?

Better to wait for lower price and then see how it is going for a few days. Maybe if price keep like that, it is good to buy but don't use all money. Prepare to back up if price goes lower with same pattern or maybe wait for a dip like price initially before pumped, i think it is barely reached but can too.

[daenarys_stormborn]

I strongly agree with the opinion that Dogecoin is still worth investing in, because in my opinion Dogecoin can still go up, even though the Dogecoin price is already very high, there are still many Dogecoin enthusiasts out there, especially after several times Dogecoin has made a scene, Dogecoin is becoming increasingly popular and known to many people

[mamesso]

Look at how the Dogecoin chart is moving in these 2 days, do you think it is still worth investing in?
After shocking the crypto market a few days ago, now slowly Dogecoin returns to its habitat, I am not sure Dogecoin will be able to increase again anytime soon, because the Dogecoin phenomenon is over. So you should think 10 times if anyone has advised you to invest in Dogecoin.

[mulia sabee]

The price of Dogecoin has reached ATH, but in my opinion in the future there is still hope for even higher prices for Dogecoin, if any trader wants to invest in Dogecoin now is the best choice considering the market is undergoing a correction. My prediction is that Dogecoin will reach a price in excess of $ 1 in the future.

[ILuckyGuyI]

I really wonder what Dogecoin will do if we go into a bear market. I still think that it will recover as Elon Musk is still supporting it. If it weren't for his support, Dogecoin wouldn't have increased this much. So, I think it really depends on him for Dogecoin to reach even 1 dollar maybe.

[susuberuang]

I think it is very risky to invest in Dogecoin now because the price of this altcoin is very high, considering that the DOGE coin is a meme coin so it is not worth investing in right now, I am afraid that the DOGE coin will be discarded suddenly and you will lose, you should wait until the price drops first,

[FanEagle]

Dogecoin has dropped after a huge breakout. Many hk people think that the bull market of Dogecoin is over. But some people think that Dogecoin still has a chance to go up. However, there’re very few information about Dogecoin in most investing forum in hk. It’s because hk people are more keen on investing stocks and bonds. Most people in this forum are professional in investing crypto. Could you tell me whether Dogecoin still worth to invest? Or the bull market of Dogecoin is over?

Doge was never worth to invest, the only reason it went up was some super rich wealthy person tweeted about it and that's it. I mean without Elon Musk do you see dogecoin going up? Maybe as much as everything else in the market because all of crypto went up, but it wouldn't be going up like this, it wouldn't become a top 10 coin, hell it wouldn't even be a top 20 coin if it wasn't for Elon but at its peak it became like 5th or 6th I think (not that it is too much down now).

So long story short there is two questions you have to ask yourself, do you think that Elon will keep tweeting about it and increasing the price? Or do you think it is too risky to invest into something hoping Elon will tweet one day? If you can answer that, you can invest or not depending on the answer. I personally never did and never plan on ever investing into it neither.

[DU18]

Dogecoin has dropped after a huge breakout. Many hk people think that the bull market of Dogecoin is over. But some people think that Dogecoin still has a chance to go up. However, there’re very few information about Dogecoin in most investing forum in hk. It’s because hk people are more keen on investing stocks and bonds. Most people in this forum are professional in investing crypto. Could you tell me whether Dogecoin still worth to invest? Or the bull market of Dogecoin is over?

to be honest for now I am not trying to get into Doge, because Doge's price position in the market is very high so it is prone to drastically dropping prices if there is a negative trend that hit bitcoin like what happened yesterday, but in my opinion many people are lucky if they can take advantage of the moment of the decline in bitcoin prices happened yesterday because now Doge's price started to rise again so they can get big profits, but if you want to try to enter now, it's better to think twice.