Doge is to hold should not be trading

[ILuckyGuyI]

I can't say that I believe in Dogecoin so much. I don't think that it has a bright future. Because it really resembles fiat money in the way that there is an unlimited supply. If this was the opposite, then I would be more excited about its future.

[South Park]

I strongly believe Doge will be a sustainable incremental coin, with the help of Tesla. And I believe in the management of Elon Musk, the number 1 billionaire in the world. Do you guys agree with me that Doge is the world's largest community-owned coin. And the US and EU communities are very fond of Doge

And just a few days later you were proved wrong, dogecoin has only one nice feature which is the fast confirmation times that are being achieved on-chain, everything else about the coin is completely forgettable and in many cases it harms the long term value of the coin like the fact its supply is infinite, so people should be incredibly careful we have been saying for weeks the market was being manipulated and sooner or later will go to its real value and when that happens you are going to regret to have invested in that coin.

[DarkDays]

Doge is absolutely for trading. The way the market reacts to Elon's tweet as a doge holder it would be better to have short-term positions, this way you always end up on top and are not much hurt by the pumps and dumps.

Personally, I do not see a future for Doge it is only a pump coin so its long-term potential is not as strong as perhaps other alts. This is exactly why I think it is best to go with short-term holdings on Doge.

[Princeofpoetry]

I will not trade Dogecoin, even though Doge has entered the top coins but an unlimited amount makes it difficult for increase the price of Doge. I prefer waiting bearish moment then buy and hold.

[CaVO32]

I strongly believe Doge will be a sustainable incremental coin, with the help of Tesla. And I believe in the management of Elon Musk, the number 1 billionaire in the world. Do you guys agree with me that Doge is the world's largest community-owned coin. And the US and EU communities are very fond of Doge

Definitely you don't have any information. Why do you believe Dogecoin has the world's largest community without you having no idea about cryptocurrency? You are just another portion of Elon musk. You are a newbie, my advice is just one, don't jump on any hype news. Still, Dogecoin is good for trade, holding will be an extremely bad idea.

Holding long-term for this old alt is very risky. Because as it sits right now, the price increase depends on Elon Musk's tweet. Though he signified an interest about improving the system transaction efficiency for doge, what if one day, he decided not to take part anymore as he has seen another promising alt with better technology. The risk is always here but with doge, it is different as it is supported by a rich man and we don't know if his support will be long-term.

[Hypnosis00]

You may find it wrong OP...and I know everyone knows that this is just a meme coin and you will think about holding? You are just bringing yourself to losses. May trading will work but we have to be careful as a hyped coin is very risky, you might fall into the trap that Elon Musk has created.

And if you are planning for a long-term investment, you should not include this on your bucket list. Find another that you will be confident that it grows in the future, not that it gives you losses as we can see that this project skyrocketed just because of Elon, if he is done, what do you think will happen?

[harapan]

Dogecoin price only increased with the help of Elon Musk, so it's not a steady incremental coin cause without Elon shilling it on Twitter there's no working product to back up dogecoin price, it's a meme coin which people keep buying for no good reason, all buying and waiting for Elon to make a tweet so the price can pump, then they dump on the people who fomo to buy dogecoin after the tweet.

[acener]

I don't really think that it is for holding it only gains attention because of Elon Musk,
I think most of it's investor right now wouldn't even acknowledge it if it wasn't for Elon Musk.
If Elon didn't tweet about it then it wouldn't go up to it's current price and it would still be like a stable coin.
Back then before Elon pumps it some maybe most of us are only using it for gambling because of the low fee and fast transaction compared with BTC and ETH.

[KaliLinux]

I strongly believe Doge will be a sustainable incremental coin, with the help of Tesla. And I believe in the management of Elon Musk, the number 1 billionaire in the world. Do you guys agree with me that Doge is the world's largest community-owned coin. And the US and EU communities are very fond of Doge

Since Tesla Bos first joined the crypto space, Doge coin has been increasingly discussed and has become a coin that is very much in demand by crypto lovers. but if you look at the price movements I think for now Dogecoin needs to be stored longer in anyone's wallet if you have it. I also really believe in the potential that Dogecoin will have going forward.

if Musk will continue to boost it up then we will expect more from this coin but if he stop and look

for another coin or create his own coin then the chance of moving forward may take long. Or also

possible that without Musk the fate of this project might ends up. It's a risk but if you do trust this

coin, holding can also gives you something decent.

yes, that's true if elon musk no longer pump up the value that Dogecoin already has then it is possible that Dogecoin will suffer bad luck. but i think elon musk will make another surprise by giving a value or price to Dogecoin. i am sure it will be done by elon musk.

Just like the way investors were sure that Elon Musk was a good investor when he first announced that they bought Bitcoin and will be accepted to pay for Tesla right? and we all know what happened after that. Elon is a Businessman and will make and take profits from any were ha can including Dogecoin which he is currently doing and when he is done he will definitely move to the next.

[Henrobakkara]

I strongly believe Doge will be a sustainable incremental coin, with the help of Tesla. And I believe in the management of Elon Musk, the number 1 billionaire in the world. Do you guys agree with me that Doge is the world's largest community-owned coin. And the US and EU communities are very fond of Doge

I would like to understand if this was the case before Elon Musk's support for Dogecoin or did this so-called community support emerge after Elon's support? All this hype about Dogecoin now was after Elon musk showed support for the coin and everyone is all about Dogecoin and this is not a bad thing to make profits from but the Idea that Dogecoin can now be some how to be seen as s coin for future investment and " the world's largest community-owned coin" is 

[redwine49]

I strongly believe Doge will be a sustainable incremental coin, with the help of Tesla. And I believe in the management of Elon Musk, the number 1 billionaire in the world. Do you guys agree with me that Doge is the world's largest community-owned coin. And the US and EU communities are very fond of Doge

Since Tesla Bos first joined the crypto space, Doge coin has been increasingly discussed and has become a coin that is very much in demand by crypto lovers. but if you look at the price movements I think for now Dogecoin needs to be stored longer in anyone's wallet if you have it. I also really believe in the potential that Dogecoin will have going forward.

if Musk will continue to boost it up then we will expect more from this coin but if he stop and look

for another coin or create his own coin then the chance of moving forward may take long. Or also

possible that without Musk the fate of this project might ends up. It's a risk but if you do trust this

coin, holding can also gives you something decent.

By investing any cryptocurrency including dogecoin, everyone take their own risk.
will it become profitable or end up losing money, everyone should learn their mistake or they will loss more money

Just like the way investors were sure that Elon Musk was a good investor when he first announced that they bought Bitcoin and will be accepted to pay for Tesla right? and we all know what happened after that. Elon is a Businessman and will make and take profits from any were ha can including Dogecoin which he is currently doing and when he is done he will definitely move to the next.

We can't tell people about how to invest with their own money.
It's their right. Ofcourse, most people will loss their money so that some people can get more money

[cel9651]

I'm not sure with this because I find DOGE really risky that's why I stick to safer coins like DIVI for example..

[imamusma]

I'm not sure with this because I find DOGE really risky that's why I stick to safer coins like DIVI for example..

Why is DIVI safer? Is the DIVI coin in the stable coin category so you like it more and don't even find any risks there? try to explain in full here so that everyone can know about the reasons you chose this DIVI coin.

[Digital_Lord]

I haven't Trust on Elon musk. He can dump DogeCoin after getting his profit. So I will not hold DogeCoin for long term. I suggest you to book your short profit by dump pump. Don't hold for long term.

[South Park]

Doge is absolutely for trading. The way the market reacts to Elon's tweet as a doge holder it would be better to have short-term positions, this way you always end up on top and are not much hurt by the pumps and dumps.

Personally, I do not see a future for Doge it is only a pump coin so its long-term potential is not as strong as perhaps other alts. This is exactly why I think it is best to go with short-term holdings on Doge.

I agree, who in his right mind is going to want to keep dogecoin for the long term when we know it is a coin that has the tendency to be used for pump and dumps, roughly 100 people hold more than 80% of its supply and there is an unlimited amount of coins that will be created as there is not a hard limit on that number like what happens with bitcoin, I wish people learned a lesson out of all of this and never follow anyone blindly like they did with Musk and they never invest long term in dogecoin either.

[speedforce]

I strongly believe Doge will be a sustainable incremental coin, with the help of Tesla. And I believe in the management of Elon Musk, the number 1 billionaire in the world. Do you guys agree with me that Doge is the world's largest community-owned coin. And the US and EU communities are very fond of Doge

Then the price will not move to any directions if all person just hold it, didnt u know how the market works?
Also, in the future Doge will just remembered as name and hype, coin without fundamental will be wiped out of the market soon.

[cryptoknightt]

I'm happy if you believe in your decision, but I see Elon is not serious about getting Doge and Tesla into a partnership. I think he used it all to take advantage. For some reason, this is the same as Chnaa who said that Crypto was banned and then changed her decision again in a few days.

[muksal]

You may be right in terms of getting profit. But it's not good sign for total crypto market rising doge coin similarly meme coins. Moreover, doge coin seems not decentralize so that there are high possibility to ban crypto in many countries due to rise of doge rather than any mainstream coin like bitcoin, binance, Ethereum and Dot

[kapalmabur]

I'm happy if you believe in your decision, but I see Elon is not serious about getting Doge and Tesla into a partnership. I think he used it all to take advantage. For some reason, this is the same as Chnaa who said that Crypto was banned and then changed her decision again in a few days.

I myself also think the same thing as you because we can see Elon Musk just seems to be playing around,
that's why many people hate Elon Musk because he really does everything to make a profit,
We'll see what will happen in the future and continue to monitor developments

[South Park]

I'm happy if you believe in your decision, but I see Elon is not serious about getting Doge and Tesla into a partnership. I think he used it all to take advantage. For some reason, this is the same as Chnaa who said that Crypto was banned and then changed her decision again in a few days.

I myself also think the same thing as you because we can see Elon Musk just seems to be playing around,
that's why many people hate Elon Musk because he really does everything to make a profit,
We'll see what will happen in the future and continue to monitor developments

Musk has been mentioned more times on this forum during the last two weeks than in all the previous history of the forum, and to me it is clear that this is what he wanted, he wanted to manipulate the market and with his image, social media influence and money he could easily do it, he thought he could earn some easy money and not face any consequences, but now he is seeing this is not the case and he is trying to clean his image, something that I do not think it is ever going to happen.