Does Dogecoin still worth to invest?

[LittlePrinceCat]

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?

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[naira]

i have selled some investment in doge maybe the biggest reason i have because the ATH gainst Bitcoin has been reached but the market conditions are nobody knows so always use your analysis. maybe some of my doge I will sell at the end of the year, because I have withdrawn the capital. and then still many coins that can be invested so my advice is never to chase coins, and try to glance at other coins

[acener]

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?

[MFahad]

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?

As long as Elon Musk keep on tweeting about dogecoin, it will keep on pumping. Due to recent drop in the prices of bitcoin, dogecoin could be a good investment at this time because it has dumped hard. A tweet from elon musk will gain pump it. If you decide to invest in dogecoin, invest only small portion of your portfolio in it.

[xandry]

There is an objective article about it worth reading: https://www.coindesk.com/buying-dogecoin-420

I would not recommend investing in Dogecoin, because it is simply an old non-evolving cryptocurrency. The growth of this cryptocurrency was due only to speculation by prominent individuals, but it has no prospects. I would be interested to read some arguments about the future growth of Dogecoin.

[infer]

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?

As I see the DOGE currency is not stable. Its price fluctuations are very fast. It can blow prices quickly and can also drop in price. Prove that it used to lose up to 80% of its value. The investment in it is not very economical and contains risks. Instead, use it to trade because the cost is quite lower than BTC. DOGE it's quite easy to dig and own it, so it doesn't create much economic value.

[Coin_trader]

DOGE right now is not an investment anymore since its just a pure hype coin with unlimited supply. The future price will surely not gonna steady growth due to inflating supply even Elon continuously bought the dump Doge coin in the market. Doge is purely a gambling and not healthy for an investment opportunity maybe for a short term period investment.

[capokmerah]

Doge's price soared rapidly due to Speculation by great people, we all definitely know who it is. Doge has increased in price not because of a natural development caused by many people. Therefore, it is risky to invest large sums of money in Doge. better use your own analysis to invest in other cryptos.

[soul-impact]

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?

Yes, I also agree with your opinion.It is not advisable to invest in it.  I find that the DOGE currency does not have a positive development direction. It is suitable only for making trades, its trading costs are quite cheaper than other currencies. For investing in Doge, invest in ETH, LTC.. I see they are growing very well and growing steadily. It's important to find a direction for yourself in the cryptocurrency sector. Wish you success

[john1010]

yes if you bought 2 years ago, but today doge is like a bait in the front of fish mouth and when you bite it you can caught and became a prey. You can look other project that has a potential to climb anytime soon.

[kidbounty]

depending on how you look at it. If you think Doge is a purposeful coin, investing in it for the long term is not a bad choice. but if your mind is still the same that is thinking that doge is just a jokes and has no serious mission, buy now is too late. the price is already high and the market has started to go down.

[devollito]

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 is worth investing when it below 10 cent, now it is too risky to invest in doge because 40% of dogecoin is held only by 3 people. And the growth in price is only because of hype. I know dogecoin github is active now more development in there and this is happen 3 years ago too, before doge dumped in to ground again.

[bitzizzix]

It seems that many doubt that once Dogecoin reaches its highest price, it will fall back down, and Dogecoin has always been called a meme coin that will not grow and people will worry whether this momentum will repeat itself.
Some reports have linked the Dogecoin rally with a tweet from Tesla CEO Elon Musk and with this news maybe a lot of people believed it and it made Dogecoin go up really drastically, and that was before its recent rise, and now Dogecoin is down and people will be wondering whether the momentum will return.

[Strongkored]

If you refer to the price in the 1-2 weeks, the changes very quickly, but this happen is influenced by the decline in BTC prices too, and almost all Altcoins also experienced the same things. As investment is quite risky, because investment means long term six month or more to hold it.

[Dave1]

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?

I'm sorry to burst the bubble for you but no one can see and predict what will happen to Dogecoin.

So it's either to go up and down, that's it. There are no fundamentals that will really tell us the Dogecoin should go up except that it is being used by manipulators and gives false hope for crypto enthusiast the possibility that they can become rich instantly.

We have seen this in 2017, and many have lost their money on this kind of mentality. So it's really your choice here, but If I'm in your shoes, I'll just invest my money on bitcoin right now as they are very cheap and at a discount.

[blockman]

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.

Hk means Hongkong?

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

To give you an idea, Dogecoin holders and investors will tell you it's a yes and still worth to invest and this bull run is not yet over. On the other hand, think of the vice versa.

[andthereyou]

Most likely it's still worth to invest. As long as there is Elon Musk you don't need to worry. Just don't forget that trading or investing has its own level of risk.

[semobo]

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* 

[eaLiTy]

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

The risk is higher to invest in any alts right now and the price of Doge might rise from this situation but i will not advice anyone to invest when the market is seeking directions as the market could turn in any directions. The best option is to wait for the correction and then take your positions to invest and the reason is that the price has rallied a lot and if you are willing to take risk then it is your choice.

[billy.ryoko]

No, in my opinion, the Dogecoin sure is overvalued, even the price have pump for a period, false impression like as the trap, many investors will buy this when the price rise, but the big whale dump it when my earn the money, if this coin drop below 20 satoshi again, I will buy it and hold forever.