Does Dogecoin still worth to invest?

[Balmain]

I've always avoided this kind of speculation coins, it was my choice. I respect for investors who invest and make money, and maybe the bull may even be $ 1 by the end but is it really worth taking that much risk?

Yes, it is totally a shit coin with no purpose but there is a very serious community behind it, it should not be forgotten.

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[mulia sabee]

Dogecoin is a risky coin for investment.It is alive only due to Elon musk. Otherwise there is no fundamental or Technical base behind this coin.For safe entry there are lot of other coins .Risk takers can take entry and try to contact Elon Musk.

Did you know that only Elon Musk is an investor in Dogecoin?
Elonmusk besides being an investor he is also a person who is able to invite many investors who have large capital to invest in Dogecoin so that Dogecoin is a worthy coin to invest in in my opinion.

[prosperoustop]

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 cant explaine phenomen of Dogecoin, I dont know why people so like it.. maybe it just advertisement of some of influencers and soon it will end?

[TangentC]

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?

IMO,

1 BTC at $1 million
1 Doge at $10  :  https://www.youtube.com/watch?v=DPd7RgVWopk

Upswing potential for both is still very large.

However, the speed at which either of those coins reach those fiat values is unknown.

If you are one of those that sells , just because of fear, you should stay out of crypto investing.
If you have patience and can wait until your target price is reached, then crypto investing can earn you big time.

Decide your own personality 1st and then invest or don't.

 


FYI:
The appeal of Doge is it is still early enough for the little guy to make it big.
$1000 worth of Doge buys you 4000 dogecoin coins.
$1000 worth of BTC buys you a fraction of  0.019  of bitcoin

Doge at $10 makes your 4000 doge worth $40000 US Dollars
BTC at $1 million makes your 0.019 worth $19230 US Dollars

So the upside to doge is ~ double the fiat potential for the little guy.
Plus BTC should be kept on exchanges, so the little guy can avoid the ever increasing transaction fees.
Doge can be kept in a personal wallet, as transaction fees are affordable for the little guy.

BTC is for the rich and Doge is for everyone else.  

One also needs to factor in the potential hyper inflation of fiat currency by all of the Worldwide Pandemic Spending,
this will drive the price of all cryptocoins sky high verse fiat, if it continues.

[meysonYo]

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 cant explaine phenomen of Dogecoin, I dont know why people so like it.. maybe it just advertisement of some of influencers and soon it will end?

Of course it is. Dogecoin is bought by those investors who want quick money and fast growth. But alas, after they buy it, they stay with it for a long time. After all, there is no fundamental in the coins, there are only specializations, based on the marketing of certain individuals)

[posi]

I think that dogecoin lives only thanks to Elon Musk. If not him, it would have been swallowed by market long time ago.
As long as Elon like and wants to make jokes out of cryptocurrency market, he will hype dogecoin and it will have some value. As soon as he is tired of games, dogecoin value will rush to zero. Answer is simply, follow Elon Mush twitter and his mood, buy dogecoins in small amount on price reductions (like current) and be ready either to quickly sell your dogecoin or lose everything invested.

Yes, Elon Musk does create some hype that impacts the price of Dogecoin but understand this his tweet or joke alone are not what create the Dogecoin positive trend.
What he does is make a tweet and invested some funds in Dogecoin once that market opportunist saw a positive movement they seized it but in the end, naive investors are the prey.
People need to wake up to this fact and choose better coin instead.

[karanggatak]

I myself have not had the courage to invest in Dogecoin because seeing an unlimited supply of coins was the hardest reason for me to invest in Dogecoin.
Currently, Dogecoin is only a high hype coin tweeted by Elonmusk, I think Elonmusk is only taking advantage of Doge and investing it in bitcoin. because a few weeks ago it was proven in his company (Tesla) to openly invest heavily in bitcoin not in Dogecoin.

[carlfebz2]

I myself have not had the courage to invest in Dogecoin because seeing an unlimited supply of coins was the hardest reason for me to invest in Dogecoin.
Currently, Dogecoin is only a high hype coin tweeted by Elonmusk, I think Elonmusk is only taking advantage of Doge and investing it in bitcoin. because a few weeks ago it was proven in his company (Tesla) to openly invest heavily in bitcoin not in Dogecoin.

No its not unlimited but really a big total supply which is on 129,348,760,640 DOGE.No one do really forces you out to make some investment because we do have our own free will towards our investment decisions.

If you do look that Doge seems to be heavily manipulated then you can always skip out and look for the next one but to those people who do able to make some risk and buy while its still cheap
then theres no doubt that they would really able to make up some profits.

Worth to invest? Your choice because we do have our own perception when it comes to things in the market.

[inoes]

it all depends on Elonmusk.  he could be said to be Doge's father.  Aren't all of his tweets inspiring doge holders?  but in usability, Doge does not support smart contracts so Doge is less able to develop.  coupled with the unlimited total supply, it is not suitable for investment.

[arapgeceleri]

I think the doge coin is too expensive to invest right now. something that is not clear what will happen. it rose up here in vain.

[Nanda Dewi277]

Dogecoin has increased so drastically only in few months because of some strong influence by the big famous public.
And about today'sDpge, I personally agree that if it abuts for the long term, we may be regretful why underestimating judge.
Actually so far, I also play in this coin, but for the scalping. This is my own experience, it may be different with you

[BChydro]

I myself have not had the courage to invest in Dogecoin because seeing an unlimited supply of coins was the hardest reason for me to invest in Dogecoin.

Even with the unlimited supply you will see the market rising every once in a while and since it is a low valuation token and if you can spare a few hundred dollars then you could make a fortune but even i never expected a rally of this magnitude even though i was holding the coin and i sold even before the coin reaching the higher echelon but i still had a very healthy profit from it.

Currently, Dogecoin is only a high hype coin tweeted by Elonmusk, I think Elonmusk is only taking advantage of Doge and investing it in bitcoin. because a few weeks ago it was proven in his company (Tesla) to openly invest heavily in bitcoin not in Dogecoin.

Elon Musk is a billionaire and that too in the top three wealthiest person in the world and you think that he needs money from Doge to invest in Bitcoin  .

[Hypnosis00]

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?

Don't let others dictate you and manipulate your minds. Dogecoin has a market value and has been in the market for a very long time but wondering why many investors neglected to invest this coin is that because they lose confidence that it grows in the future. In fact, it is just Elon Musk who lifted its price, and if without him, even during this Bullrun we are not sure that it pumps.

@OP, invest only those coins that have been proven profiting. Don't risk your money to the coins that we are not sure if it pumps.

[bluebit25]

I think the time has come for everyone to be more serious and alert. This time the market has a very unpredictable volatility, as we have made a lot of profits from dogecoin so don't be too greedy. Given its current position, I think it is really overrated, and of course I will not choose to invest in dogecoin, currently the market has a lot of potential coins and low risk.

[LogitechMouse]

Its a no no for me.

Dogecoin has a huge community indeed but with regards to its tokenomics especially its total supply, I don't think that this will be a good coin to invest with at least in mid to long term. You may if you want to have profits in the short term but with its price too high, you might wait for it to consolidate - if it will consolidate .

A meme coin, a hyped coin, a coin with a huge acceptance since many are using it but not a good coin to invest for me. I'd rather invest into other coins than this.

[Amejoaquim]

In my opinion, for me investing in Doge is very risky, especially if we look at Doge's market cap which is already very large.

But everything can happen in crypto, with 1 tweet from elon musk + lots of good news in crypto it will be very easy to doge to rise again.

[CryptoCrookz]

It is really interesting for people to discuss Doge and talk about "value" etc. Come on, does anyone seriously think Doge has any value besides pure speculation? It is technically backward, has nary a developer working on it and its possession is extremely centralized. It has meme appeal and a following, but that's not value. That's speculation and it is perfectly fine for people to talk about that. It is also perfectly fine to talk about growth potential, as well, speculation means it can rise and fall with every WSB pump and Elon tweet. But talking about value in the context of Doge is kinda ridiculous.

[uneng]

Nobody can assure if doge investment worths or not, because there aren't any technical factors behind this currency that could be used as an argument to endorse the investment. It's purely a joke coin, so the same way it pumped hugely, it can also dump on the same proportion without warnings. Personally I prefer to not get involved with doge for being a really unstable investment.
In my opinion investment is a serious thing and can't be done so careless as it was a funny joke.

[Republikcoin.com]

I recommend buying when the DOGE price is less than $ 0.1. The number of DOGE in circulation is insane, reaching more than 129 billion DOGE. If you buy at the current price of a coin for fun purposes only, you are putting your assets at risk. The current price is still relatively expensive and it is very difficult to increase it because some people are doing TP at the current price.

There is still BNB which is always fighting with ETH which can still be used as an alternative place to invest, whether it's long term or medium term, these two coins are better.

[nomenclatur]

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?

Dogecoin will always have potential because every time Elon musk tweed about Dogecoin, it will have an impact on the price of Dogecoin. In the beginning, Dogecoin is not very valuable and over time Dogecoin becomes very expensive. and it is better to hold for the long term because all investments in crypto are not expensive for the price can be much more expensive.