Never Marry a Coin/Project - Practically Example

[Fivestar4everMVP]

It is my personal believe that most of us know this above guy on X(click the image above to visit his profile on X).

His name is Glauber Contessoto, popularly known as the Dogecoin millionaire; he is a 33 year old guy from Los Angeles, according to his story, he used his life savings, and also borrowed money to invest about $250,000 in Dogecoin in February of 2021; just before Elon musk started making rounds of tweets about Dogecoin and also before the 2021 bull run reached its peak..

In just 69 days after investing in Dogecoin, Glauber's $250,000 dollar investment had turned to about $3,000,000 dollars(three million dollars), But Glauber did not sell, neither did he take profit, he held onto his dogecoin strongly believing that dogecoin will hit $1 per coin before the 2021 bull run ends, bull eventually came to an end and prices started going down, but Glauber never sold or bothered to take profit..

As of between August and September of 2023, the screenshot below, taken from his official X account, tells the current state of that $250,000 dollars investment, which was once worth $3 million dollars..

The big lesson here is to never marry a coin, no matter how good you think the project is, be it
Bitcoin
Ethereum
BNB or any other, always take profit.

[1715011668]

1715011668

[blockman]

What a big mistake from that guy. Even with that $250k, if it's me I guess I'll take profit when it doubles and becomes $500k. But he did really give himself the space for greed and thought himself that he's cool by just holding it for too long. Remember that this market is totally brutal for most of the altcoins. It's totally fine if it's with bitcoin because it's for sure going to recover but uncertain with Dogecoin. We knew it that it had become a trend because Elon gave it space to his own platform and kept on tweeting about it. But we're seeing that without him shilling it, Dogecoin remains to be the funniest meme coin that it has ever been but investing wise, it's not.

[Oshosondy]

He invested $250000 and now he has $250000, that means he neither gain nor lose. I will advice him to leave the coin, doge has reduced in value so much and there may only be little fall before the next bull run. I think doge may hit $1 in the next bull run. It is just a guess though.

[BlackBoss_]

In just 69 days after investing in Dogecoin, Glauber's $250,000 dollar investment had turned to about $3,000,000 dollars(three million dollars), But Glauber did not sell, neither did he take profit, he held onto his dogecoin strongly believing that dogecoin will hit $1 per coin before the 2021 bull run ends, bull eventually came to an end and prices started going down, but Glauber never sold or bothered to take profit..

What a perfect chance to take profit he missed!

He even hold his Dogecoin long enough to see price around $0.7 but did not sell, he deserves to lose his initial capital but I only don't know how long he has been in cryptocurrency market before he spent that $250,000 in Dogecoin.

If it is his first experience in this market, it is understandable how he missed the chance.

Your title means a warning for people who believe in a coin or a top coin as they think it is potential for gaining profit, it is safe to hold. I made a similar warning too.
Don't buy altcoins because they are top altcoins
Images are dead by imgur and you can check it directly on Coinmarketcap's Cryptocurrency Historical Data Snapshot

[kingvirtus09]

All I can say is that if he hasn't sold the dogecoin he's holding, he can still get back the 3 million dollars, as if the battle isn't over yet, and I don't see any portion that he has lost or lost from buying that dogecoin. But if he has sold that profit, I can say that Glauber really lost.

But like I said, if it hasn't been sold yet, maybe when the bull run comes, it will exceed the 3 million dollars that happened before, when it should have a profit. So just hold for now until bull season.

[Wiwo]

Edited out~

What the hell,  the guy must be hitting his head over the roof right now for not taking profits when he had the chances,  the dude must be very greedy and seems not to have hard interest on the loans he collected to make up for his $250,000 dogecoin investment because at this point he should know that having a DCA approach and accruing the right percentage to how much gain we can make allows us the time to take out our chances.

I had a similar experience with a coin recently but I ultimately discovered they as scam coins so it didn't border me when I saw the pump price of the coin,  the ops should have taken his chances when he had a whopping $3 million as the net worth of his invested $250,000.

[Fivestar4everMVP]

All I can say is that if he hasn't sold the dogecoin he's holding, he can still get back the 3 million dollars, as if the battle isn't over yet, and I don't see any portion that he has lost or lost from buying that dogecoin. But if he has sold that profit, I can say that Glauber really lost.

But like I said, if it hasn't been sold yet, maybe when the bull run comes, it will exceed the 3 million dollars that happened before, when it should have a profit. So just hold for now until bull season.

Well, he can't possibly sell at the moment since doing so will result in a huge loss, so you are right about him not in loss yet until he sells, the only luck which I think he has was and is that dogecoin have turned out to become of the major coins In the crypto currency market and ecosystem today, if this was one of those shitcoins that fall to never rise again, I did say that he has lost an opportunity to make really big amount of money .

But yeah, if he's still holding, dogecoin does have the potential to reach $1 and even more in the next bull run, most especially now that most people are speculating that X(formerly Twitter), is planning to accept accepting payments in dogecoin for subscriptions and purchase of the blue tick verification badge .

[xSkylarx]

Even if you are married if you think it is already at its peak then that is the time for a divorce.

Greediness on the profit will really take place when it comes to seeing that your profit is huge like he got a huge profit on it but still wants more and does not think to get his capital and leave the profit to work just to be safe.

For sure he learned a lot of lessons from it, and he has no choice but to hold on to it. This is also the best example of not going all in and taking out loans for your investment unless you can pay them back even if it is not successful.

[Strongkored]

Isn't that a story that we often hear, in fact I'm sure we have experienced it ourselves, holding on to one coin because we believe the price will rise higher but as time goes by the coin just turns to ashes without us getting anything and even losing the value of our investment.
He just hasn't taken any profit, he hasn't lost anything because the coin still exists on many major exchanges with high trading volumes, what is there to worry about? Nothing because when Bitcoin entered a bullish period, Dogecoin was one of the coins that performed quite well at the same time, the only question is how much profit is enough for him? It could be that when Dogecoin goes up, it reaches the latest ATH and hasn't reached the profit target that he wants. For us, that looks stupid because we only have a little money, but for him, of course not because his other assets are certainly bigger than the amount of money he invested in Dogecoin, that's the difference between retail and whales.

[Fivestar4everMVP]

Isn't that a story that we often hear, in fact I'm sure we have experienced it ourselves, holding on to one coin because we believe the price will rise higher but as time goes by the coin just turns to ashes without us getting anything and even losing the value of our investment.
He just hasn't taken any profit, he hasn't lost anything because the coin still exists on many major exchanges with high trading volumes, what is there to worry about? Nothing because when Bitcoin entered a bullish period, Dogecoin was one of the coins that performed quite well at the same time, the only question is how much profit is enough for him? It could be that when Dogecoin goes up, it reaches the latest ATH and hasn't reached the profit target that he wants. For us, that looks stupid because we only have a little money, but for him, of course not because his other assets are certainly bigger than the amount of money he invested in Dogecoin, that's the difference between retail and whales.

You are very correct and I very much agree with you, but let's be honest with ourselves, who is that person that will not be happy with a profit of $2.750 million dollars on an investment of $250,000 dollars?.

No matter how much he has on or in other crypto assets, I think greed played a role which made him not to sell at the peak, just imagine he sold at the peak and right now, he decides to buy more dogecoin with half the profit he made, that will also make him another millions of dollars in a coming bull run again , he was looking at dogecoin at $1 and forgot to watch his back just incase $1 dollar doesn't come..

Edited out~

What the hell,  the guy must be hitting his head over the roof right now for not taking profits when he had the chances,  the dude must be very greedy and seems not to have hard interest on the loans he collected to make up for his $250,000 dogecoin investment because at this point he should know that having a DCA approach and accruing the right percentage to how much gain we can make allows us the time to take out our chances.

I had a similar experience with a coin recently but I ultimately discovered they as scam coins so it didn't border me when I saw the pump price of the coin,  the ops should have taken his chances when he had a whopping $3 million as the net worth of his invested $250,000.

We all have had similar experiences just like Strongkored said, but for me, its not up to the tune of such an amount of money as this, my own experience was back in 2018 or 19, can't remember exactly the year it happened, but I remember I invested $100 in the coin, and then watched my investment rise to around $893 dollars, I did not sell, I was hoping it will go above $1000 dollars, then maybe I will consider selling, but unfortunately, it started dropping and long story short, I later sold the entire investment for $90 dollars, lost $10 dollars of my investment Capital plus around $790 dollars profit I would have made, very painful experience, I remember I did not feel alright for like 2 weeks after that incident.

[Beparanf]

He invested $250000 and now he has $250000, that means he neither gain nor lose. I will advice him to leave the coin, doge has reduced in value so much and there may only be little fall before the next bull run. I think doge may hit $1 in the next bull run. It is just a guess though.

According to the screenshot and his tweet, His 3M is now 21K and the last screenshot show it's only 6K.

I'm not sure on how this happened since the current price of Deogecoin is still above the price before Elon Musk shill Dogecoin on his twitter. The screenshot of his losses somehow prove that he purchased during the start of the hype on the Doegcoin because I remember seeing Dogecoin at 0.004$ before Elon pump this token.

[stompix]

In just 69 days after investing in Dogecoin, Glauber's $250,000 dollar investment had turned to about $3,000,000 dollars(three million dollars), But Glauber did not sell, neither did he take profit, he held onto his dogecoin strongly believing that dogecoin will hit $1 per coin before the 2021 bull run ends, bull eventually came to an end and prices started going down, but Glauber never sold or bothered to take profit..

As of between August and September of 2023, the screenshot below, taken from his official X account, tells the current state of that $250,000 dollars investment, which was once worth $3 million dollars..

Sorry, but this doesn't make sense!

Let's assume that he had those $3 million at peak doge value, that's $0.731578, doge is -91.59% at $0.061578.
He would still have $246 575 so he just lost $4 000 of his initial investment.
Those numbers are impossible!

[Danydee72]

It's not that easy to take profits at right time.
But I do not understand: Doge's price in February 2021 was in same range than it is now. I think the screenshots are wrong.
Doge will perform again, I am sure about that and he will smile at us then.
For me it's not a mistake. Maybe Doge will grow even more? Who knows.

[Oshosondy]

According to the screenshot and his tweet, His 3M is now 21K and the last screenshot show it's only 6K.

This is not possible.

Doge ATH is $0.74
Doge price today is $0.062
That is a loss of 11.935x
$3 million when doge was $0.74 would be $251361 by now when doge is $0.062
So now loss.

[rat03gopoh]

I think this is one of the biggest reasons he keeps holding on.

“I’ll pay one #Dogecoin for this article” -
elonmusk talks about using #Doge as a payment method

https://x.com/ProTheDoge/status/1587701325642407937
Anyone tell me pls, is one of Musk's companies now adopting doge?

Sorry, but this doesn't make sense!

Let's assume that he had those $3 million at peak doge value, that's $0.731578, doge is -91.59% at $0.061578.
He would still have $246 575 so he just lost $4 000 of his initial investment.
Those numbers are impossible!

OP said he also borrowed money, if most of the doge has been sold to pay off the loan+interest it might make sense.

[jeraldskie11]

The big lesson here is to never marry a coin, no matter how good you think the project is, be it
Bitcoin
Ethereum
BNB or any other, always take profit.

I completely agree with you. Profit no matter how small, is profit. If you continue to make money, even if it is a small amount, the total sum is essential. The same thing happened to the guy above, who lost his profit and his capital. I know a number of traders and investors that are in similar scenario. I believe we will all learn from what happened in 2021, and I hope we will not have to go through it again. Don't stick in one coin if it's not Bitcoin.

[palle11]

This is his own story. Most of us are blaming him probably because of the size of his investment and how much has come back as profit at the time which I think is not more than 1,000 percent increase. So just like him, some of us here too have been such a "fool" to the marriage op is talking about. I believe we have invested in cryptocurrency and at the long run fell on the bull trap. I have read some stories like that and that will keep happening when we are greedy and estimating the range we want price to get to before getting out but we are blinded by greed from seeing that the price have been overwhelmed, over stretchd or oversold of which the next step is retracement that you never can tell the support area. Always trade with the chart and and nothing wrong with running away with profit to have your peace. I don't wish to lose that much, hell no.

[Zaguru12]

I completely agree with you. Profit no matter how small, is profit. If you continue to make money, even if it is a small amount, the total sum is essential. The same thing happened to the guy above, who lost his profit and his capital. I know a number of traders and investors that are in similar scenario. I believe we will all learn from what happened in 2021, and I hope we will not have to go through it again. Don't stick in one coin if it's not Bitcoin.

He definitely isn’t at a loss currently because the calculations by @Oshosondy is right and current he is even at a minimal profit of few dollars. But that aside he actually gambled it there. Just like the title of the thread goes it was a bad move move for him to actually believe in Alticoins for long time. To be on a save side never ever invest in alticoins for a long term only bitcoin fits that criteria even the top 4 ranking Altcoins can’t be rely on. As for the investor there he should in my opinion even if he believes a lot in the coin take all profits and pay off his debt once the it does even a 2x.

One thing is after every bull run some Alticoin would never go pass there ATH again some will even die off totally, so to be on a saver side I would just take everything and probably come back later again to buy at another low if I see a little potential after the fall.

[Maslate]

I've learned my lesson in the past. Back in 2017, during the first bull run I experienced, I was overly confident that it would reach my target price, but it didn't happen. It turned out to be a scam. I could have made a good amount of money if I had sold, but I consider it part of the learning experience. What matters is that I was profitable overall during that time.

Investing is indeed a gamble, and since we cannot predict the future, it can lead to either failure or success. What's important is that we can accept what happens and continue learning from our mistakes. I once read an article about an early investor in Bitcoin who was delighted to have sold his Bitcoins at $10 each. If he hadn't bought back in, he might be regretting it now, given the current high price.

[Davidvictorson]

As of between August and September of 2023, the screenshot below, taken from his official X account, tells the current state of that $250,000 dollars investment, which was once worth $3 million dollars.

I don't know but how did he take it? Was he able to repay his loan when the price increased ? Because that is the wisest thing to do. Like right now if he didn't, he'll have two regrets which are not repaying the loan and being in debts and secondly losing and being broke.

The big lesson here is to never marry a coin, no matter how good you think the project is, be it
Bitcoin
Ethereum
BNB or any other, always take profit.

Only the wise and less greedy one would learn a lesson from the experience of others so that they do not end up in the same boat. The not so bright ones would rather find out themselves.

[michellee]

If it is Bitcoin, it is normal if someone does not sell it immediately, even if the price of Bitcoin has already reached $60k at the previous ATH. But if it were Dogecoin or another altcoin, it would not be a wise decision but maybe he had predicted everything so he is still holding his Dogecoin until now.

But if I were him, I would sell at least half of the total amount and use it to buy Bitcoin or buy Dogecoin again. He can really take it all well and hopefully, he can reach his target price of Dogecoin.

Maybe it's not easy for someone to keep holding their altcoin, especially since it's Dogecoin. But he is truly a strong holder and if he were also a Bitcoin holder, he would make huge profits in the next bull run.

[Faisal2202]

You have shared an eye-opening story, we all should definitely keep this point in mind. I hope the person in the picture has the patience to bear the marriage with Doge. He must first talk to the parents of Dogecoin before making marriage with it. (hehe) well, talking to parents is not that easy, but still, I am one of the persons who think that Dogecoin can reach to $1 milestone, But to be honest, even with my little knowledge, I can not say for 100% that in the bull run of 2021, Dogecoin could achieve that milestone.

It might take it decade to reach $1 per coin, the person in pic, really made a big mistake, and we all should keep this fact in mind while sticking only to a single coin every time. Despite marrying a coin or token, in the crypto sphere we should not move or take actions according to emotions or sentiments, instead, we should make bold decisions, and If I were in his place I would try to at least book the investment that I have made in Doge. I just can not see how much the victim has lost and how much he has bear till now.

[tjtonmoy]

The first mistake, he put all his eggs in one basket. Second mistake, he never sold anything from his holdings. The third mistake, not taking profit while he had the chance and lastly, he never bothered to withdraw the main invested balance from his profits.

There is much more to learn from this than just the fact 'marry a project'. Diversifying your investment is the first lesson. Never put all your assets in one investment. The crypto market is uncertain and anything could happen at any point. so rather than investing all in one thing. search for an alternative or better option. That will ensure that you are at a minimum risk.
Always look fro opportunities to book profits from your investment. That's why people set a target and when the target is reached, they sell no matter what. This helps us to control our emotions and not fall for greed or fear.

And this is my personal opinion tho. Whenever I get the chance to separate the invested money from my profit, I will do it. That way I can continue my investment in the future with that profit and also whenever there's an opportunity I will be able to buy again with the invested money that I have separated from it.

[ZAINmalik75]

If it is Bitcoin, it is normal if someone does not sell it immediately, even if the price of Bitcoin has already reached $60k at the previous ATH. But if it were Dogecoin or another altcoin, it would not be a wise decision but maybe he had predicted everything so he is still holding his Dogecoin until now.

I think we should not even marry the BTC too. Because sticking to something and expecting a target from a token or a coin which that token or coin have no potential then that's totally hopeless for the investors and in the end, we will lose our funds too just like the Glauber Contessoto is facing the downtrend of his investment. He will be wishing to sell his dogecoin for 3 million dollars.

But if I were him, I would sell at least half of the total amount and use it to buy Bitcoin or buy Dogecoin again. He can really take it all well and hopefully, he can reach his target price of Dogecoin.

I will too, I will at least try to book the amount which I have invested in Doge meme coin. Because I knew that meme coin are highly driven by community and the most impact on it comes from Elon's tweets or statements then we should not play by his rules instead we should avoid to marry the coin and should book some of the investment too.

Maybe it's not easy for someone to keep holding their altcoin, especially since it's Dogecoin. But he is truly a strong holder and if he were also a Bitcoin holder, he would make huge profits in the next bull run.

Yeah you are right, but in 2021 the price of BTC was higher then now, which indicates that he might not have made huge profits till now, but if he would wait for the next bull run then he will make some good profit in 2024's halving.

[Hamza2424]

Greed has no space in the financial world, So in trading greed is like cancer an incurable disease, if you are infected then no one can help you except for yourself, and if you are currently exploring the market as OP cover a decent story you should take it as an idle lesson for yourself to avoid the greed. Bitcoin accumulation is the favorite topic with the Bitcoiners but they also raise that on-time profit booking is good at least a specific amount should be taken out to avoid such consequences.

I used to follow the advice of "be greedy when everyone is fearful," a mantra I learned from this forum where I honed my strategic and mental skills with the guidance of experienced members. Investing in shitcoins isn't a dependable long-term strategy due to their highly volatile nature. When the market is riding the wave of hype, they might appear profitable, creating a lush garden of gains. However, when the overall market fundamentals take a hit, this garden could quickly turn into a barren desert.

[cafter]

it's a expensive mistake which taught him about crypto, patience, experiencing bear market, Hodling, etc. because he invested his life saving and borrowed money he remembers every thing he learned in between.
Glauber Contessoto said he is buying the dip which is good practice in bear market, some people instead may had sold everything and never looked at cryptocurrency.he need to play safe like when his $250k was around $3million, he should had to took profit of $300k.

[Fatunad]

The big lesson here is to never marry a coin, no matter how good you think the project is, be it
Bitcoin
Ethereum
BNB or any other, always take profit.

Not really new into this kind of situation on which investment do kiss out almost on the floor and leaving you having that huge regret that you havent been able to sell out on the right time.A totally kind of devastated situation on which it might lead out on huge stress and disappointment that you wont really be able to forget in your entire life. Come in mind that the person mentioned did take up some loan which totaled on $250k
and im wondering if he had been able to repay those back in time knowing that the current value of the DOGEcoin that he had been holding is already just that mere 6k.? This is why its always been that ideal on taking up some profits whenever bull run market hits or having those peaks because once you do miss out that point then you would really be waiting for another cycle which we do know that it do last for long years or almost half a decade on which it is really just that a long time wait. If you dont know on how to take those profit taking chances then for sure you would be most likely having on this kind of mistakes which would lead into deep frustration. Even myself had experiences but only on altcoins or on bounties on which i might be able to take $60k-100k on bounties but due to greed i was able to cash out when it hits 2k which even up to now
i cant really be able to avoid not to think with those money making opportunities that i had missed out.

[Smartvirus]

This is a boat I’ve rocked before with some altcoins when I was still a beginner in the cryptospace and was always out there looking out for profit. I still have some of my bought coins the. Up to this moment because I was the die hard kind of investor and had a deep believe in the coins I chose to invest with haven’t done my analysis.
Thighs, I didn’t have a sky rocket profit like the case was with this particular investor in the OP but, I had a minimal profit that wouldn’t have been bad tacking profit. At the moment, I’ve had my coins dump to nothing.

This is how my focus shifted from anything altcoins and is very focused on bitcoin right now. The assurances on it is much more than any coin out there and when it dumps, it’s sure to pump.

I just hope the user was able to pay back his debt as I feel that would be a wise option  I mean, how do you be $3m in profit and then, you don’t get to pay back your debts at least. That’s would be some dumb and greedy move. I like to think he did though. Still, it’s not really over with Dodgecoin is it? He could as well be faithful to his vows with Dodgecoin.

[dunfida]

^ Im asking the same, if that person did make out some take profit even on some % and repaying up his debt to make himself that completely risk free for whatever things that might happen ahead.
It is really indeed a very greedy move but doesnt mean that its over for DOGE considering that we are still on consolidation or bear period then there's no way that we could really be able to say that it is really over for this meme coin. Surprises do lies ahead and this person is really that hoping for those things specially for some tweet by Elon which no doubt that could pump out the price like hell
but it seems the market is really that too silent. Mental stress is immense on this one specially that you had missed out millions of dollars in profits which you should have supposed to cherish it out.

[libert19]

How relevant! Sometimes I feel like we all are pretty much same.

I often marry a coin but I sell it asap if there is financial hanging over my head without bothering an inch further.

To think that doge could go to $1 is insanity but then again we all tend to repeat same during bull markets.

In just 69 days after investing in Dogecoin, Glauber's $250,000 dollar investment had turned to about $3,000,000 dollars(three million dollars).

That's quite a co-incidence.

[michellee]

If it is Bitcoin, it is normal if someone does not sell it immediately, even if the price of Bitcoin has already reached $60k at the previous ATH. But if it were Dogecoin or another altcoin, it would not be a wise decision but maybe he had predicted everything so he is still holding his Dogecoin until now.

I think we should not even marry the BTC too. Because sticking to something and expecting a target from a token or a coin which that token or coin have no potential then that's totally hopeless for the investors and in the end, we will lose our funds too just like the Glauber Contessoto is facing the downtrend of his investment. He will be wishing to sell his dogecoin for 3 million dollars.

Of course not. We only use Bitcoin as a long-term investment. Of course, in long-term investing, we also have to have a target selling price to know when we will sell the Bitcoin. But it will be different if we have altcoins because the movement of these altcoins follows the movement pattern of Bitcoin so we also have to know when to sell the altcoins. Maybe after the altcoin reaches the next highest price, that's the right time to sell the altcoin.

But if I were him, I would sell at least half of the total amount and use it to buy Bitcoin or buy Dogecoin again. He can really take it all well and hopefully, he can reach his target price of Dogecoin.

I will too, I will at least try to book the amount which I have invested in Doge meme coin. Because I knew that meme coin are highly driven by community and the most impact on it comes from Elon's tweets or statements then we should not play by his rules instead we should avoid to marry the coin and should book some of the investment too.

That's why if we have seen the highest price and the price still holds there, we can sell it and take the profit. Altcoins will reverse direction and will decline and there is a possibility that they will return to their lower prices again. We've seen it happen so if we sell half of the total, we can take advantage of it. We can also buy altcoins after their prices decline sharply.

Maybe it's not easy for someone to keep holding their altcoin, especially since it's Dogecoin. But he is truly a strong holder and if he were also a Bitcoin holder, he would make huge profits in the next bull run.

Yeah you are right, but in 2021 the price of BTC was higher then now, which indicates that he might not have made huge profits till now, but if he would wait for the next bull run then he will make some good profit in 2024's halving.

Yes, it's bigger. And I'm sure many people sold their Bitcoin at that price because I did too

But it seems some people are still calm and have not sold any Bitcoin because their target price has not yet been reached. By having a target selling price, we can prepare ourselves when the Bitcoin price has started its long rally. We will also not be late in taking the benefits we want.

[HONDACD125]

It is my personal believe that most of us know this above guy on X(click the image above to visit his profile on X).

His name is Glauber Contessoto, popularly known as the Dogecoin millionaire; he is a 33 year old guy from Los Angeles, according to his story, he used his life savings, and also borrowed money to invest about $250,000 in Dogecoin in February of 2021; just before Elon musk started making rounds of tweets about Dogecoin and also before the 2021 bull run reached its peak..

In just 69 days after investing in Dogecoin, Glauber's $250,000 dollar investment had turned to about $3,000,000 dollars(three million dollars), But Glauber did not sell, neither did he take profit, he held onto his dogecoin strongly believing that dogecoin will hit $1 per coin before the 2021 bull run ends, bull eventually came to an end and prices started going down, but Glauber never sold or bothered to take profit..

As of between August and September of 2023, the screenshot below, taken from his official X account, tells the current state of that $250,000 dollars investment, which was once worth $3 million dollars..



The big lesson here is to never marry a coin, no matter how good you think the project is, be it
Bitcoin
Ethereum
BNB or any other, always take profit.

You have brought up some excellent points in your post. I have often seen people, even though the value of the coin they invest in goes up and they are getting good returns, but they still don't bother to sell it, instead trying to get more profit, while the coin falls again. So whenever we get a good profit, we should sell the coin. We should love our profit rather than love a coin.


This is the best rule, take profit and exit and forget about this coin. Now find a new coin to get good returns after investing in it. It often happens to me that I invest in a coin and it goes up in value, but I want more profit than to get less profit and often the coin goes down again, and to make a profit Instead I have to sell at a loss. I think it would also be a good strategy, that if the price of the coin you bought goes up, you withdraw your investment, and keep the profit you have. After that you don't have to worry about loss even though its price is lower.

[LogitechMouse]

~
The big lesson here is to never marry a coin, no matter how good you think the project is, be it
Bitcoin
Ethereum
BNB or any other, always take profit.

The famous DOGE holder. If only he wasn't been interviewed by an influencer that I always watch on Youtube, I will not know him... maybe.

I wonder how is he feeling right now. I wonder if he can still hold it right now. Well, the bull run is coming in a few years, so he might've learned in his mistake already, and for sure he will sell all of that DOGE that he bought during the bull run.

As for me, this is also my problem last bull run. I chose to hold all of my assets instead of just selling it, and then re-buying at the bottom. Bull run is coming anyway in a few years. Just a little patience and I will unload all of my assets whether it is crypto, or even my stocks. Most of them are earning passively (staking in crypto, and thru dividends in stocks), but the amount of profit that I can get when I sell them is far more than just holding it. I made this mistake, and I will never do it again. I already have an "ESCAPE PLAN" when it comes to my investments.

As to OP's advice, always put it into your mind because there might be some out there who are holding long term, and then they decided to hold it for at least 5 years or even more. There's nothing wrong with it though, but I would suggest to sell it then buy again when the bear market starts. Markets move in cycles we know that.

[stompix]

Sorry, but this doesn't make sense!

Let's assume that he had those $3 million at peak doge value, that's $0.731578, doge is -91.59% at $0.061578.
He would still have $246 575 so he just lost $4 000 of his initial investment.
Those numbers are impossible!

OP said he also borrowed money, if most of the doge has been sold to pay off the loan+interest it might make sense.

Then it makes even less sense as he must have sold way earlier, that is at a bigger price so he would still be in green even now, plus even if we assume he has sold prior to the last three screenshots, the last two don't make sense either, he claims he is holding and suddenly the value drops from 21k to 6k, how would that be possible since doge dropped only 20% in those whole two months, not 3 days!

He is either trolling or doing it for attention, the numbers don't make sense unless he is moving and trading coins actively, so he's lying about hodling!

[doomloop]

In just 69 days after investing in Dogecoin, Glauber's $250,000 dollar investment had turned to about $3,000,000 dollars(three million dollars), But Glauber did not sell, neither did he take profit, he held onto his dogecoin strongly believing that dogecoin will hit $1 per coin before the 2021 bull run ends, bull eventually came to an end and prices started going down, but Glauber never sold or bothered to take profit..

As of between August and September of 2023, the screenshot below, taken from his official X account, tells the current state of that $250,000 dollars investment, which was once worth $3 million dollars..

Did he know that Dogecoin is actually a meme coin when he invested in it and when his investment became worth $3m? If he knew about that, he should have done some research about what a meme coin is and how their nature basically is. You can't even trust a normal altcoin that has a good project and a team backing it up because once they come down, they barely go back up so quickly and crossing their all-time high is a very far thing to happen.

He was probably too confident with his investment and that made him bear the consequences of it. One should obviously at least withdraw the initial investment along with some profits if they don't want to sell everything. He could sell $1m worth of Dogecoin so that he could at least repay the loan or get back what he had invested.

[kingvirtus09]

He invested $250000 and now he has $250000, that means he neither gain nor lose. I will advice him to leave the coin, doge has reduced in value so much and there may only be little fall before the next bull run. I think doge may hit $1 in the next bull run. It is just a guess though.

According to the screenshot and his tweet, His 3M is now 21K and the last screenshot show it's only 6K.

I'm not sure on how this happened since the current price of Deogecoin is still above the price before Elon Musk shill Dogecoin on his twitter. The screenshot of his losses somehow prove that he purchased during the start of the hype on the Doegcoin because I remember seeing Dogecoin at 0.004$ before Elon pump this token.

Did contessoto sell his doge that was worth 3M$ before ATH? because if it's still on hold and he hasn't sold anything, that means he still has hope. And if in the coming Bitcoin halving next year it is possible that dogecoin will reach 1$, imagine when that happens the 3M$ will come out before he should have earned it and he can earn more than that.

But honestly, if I were the one to cash out even 1M$, that would be a huge amount here in our country. That's why we can't do anything, it's Gaubler's decision, we don't know his deep reason, and we can't say that he has greed.

[irhact]

He was probably too confident with his investment and that made him bear the consequences of it. One should obviously at least withdraw the initial investment along with some profits if they don't want to sell everything. He could sell $1m worth of Dogecoin so that he could at least repay the loan or get back what he had invested.

This should be the first step we should take when we invest in risky investment like memecoin or when we invest in any other cryptocurency that isn't Bitcoin. When we do this, we won't be at loss if the investment was to stop been profitable like we entered a bear market and the whole was collapsing as we experience sometimes in the cryptocurency market just like last year when the crash of some stablecoin affect the entire market and many projects dipped.

This individual didn't do his research as he would have noticed that dogecoin is a pump and dump project just as every other altcoins are and this isn't something that happens to only meme coins but all altcoins get pumped and dump which is the reason to always take profits.

[DanWalker]

What a big mistake from that guy. Even with that $250k, if it's me I guess I'll take profit when it doubles and becomes $500k. But he did really give himself the space for greed and thought himself that he's cool by just holding it for too long. Remember that this market is totally brutal for most of the altcoins. It's totally fine if it's with bitcoin because it's for sure going to recover but uncertain with Dogecoin. We knew it that it had become a trend because Elon gave it space to his own platform and kept on tweeting about it. But we're seeing that without him shilling it, Dogecoin remains to be the funniest meme coin that it has ever been but investing wise, it's not.

I agree with OP more than you, even if it is bitcoin, once we have profit, we should take some or all profit. Bitcoin is many times safer than dogecoin, but that does not mean it is 100% certain that bitcoin will increase in price again, when talking about the future, we will not know what will happen. So, whether it is bitcoin or any other asset, taking profits is never wrong in investing.

Another thing I disagree with about this guy is that he used his life savings and borrowed more money to invest in dogecoin. He was gambling rather than investing, even if he invested that money in bitcoin, he was wrong to use money he could not afford to lose or borrow money to invest.

[TheSpiral]

It's true that a person's greed deliver him to a path which lack a success. The person first choose dogecoin which is a Meme coin so it was necessary for him to take the reward on time because more patience in such situations is dangerous.

If you wait that your profit will become double than present one will be profitable but not in meme coins but will be in bitcoin. utilising strategies are good but utilising same strategies for every coin is not good.

Meme coin cannot give you enough profits always so pick your profit whenever you have in order to stay away from upcoming bear market.

[Lanatsa]

What a big mistake from that guy. Even with that $250k, if it's me I guess I'll take profit when it doubles and becomes $500k. But he did really give himself the space for greed and thought himself that he's cool by just holding it for too long. Remember that this market is totally brutal for most of the altcoins. It's totally fine if it's with bitcoin because it's for sure going to recover but uncertain with Dogecoin. We knew it that it had become a trend because Elon gave it space to his own platform and kept on tweeting about it. But we're seeing that without him shilling it, Dogecoin remains to be the funniest meme coin that it has ever been but investing wise, it's not.

I agree with OP more than you, even if it is bitcoin, once we have profit, we should take some or all profit. Bitcoin is many times safer than dogecoin, but that does not mean it is 100% certain that bitcoin will increase in price again, when talking about the future, we will not know what will happen. So, whether it is bitcoin or any other asset, taking profits is never wrong in investing.

Another thing I disagree with about this guy is that he used his life savings and borrowed more money to invest in dogecoin. He was gambling rather than investing, even if he invested that money in bitcoin, he was wrong to use money he could not afford to lose or borrow money to invest.

Taking profits is something that a normal or common target that we do have in investing space doesnt matter on which area or type you've been dealing but as long we are sharing on the same targets/goals then

profit taking would really be the one that we should really be prioritizing.We know that market does have different cycles and if you do miss out one then you would really be ending up on holding for longer years to see those prices again but it would really be entirely on what project or coin you've been holding since not all would be having those huge dumps would eventually be making out some recovery on which to those coins
which does have potential would be having the chance and to those shit ones would eventually kiss the ground and die.

These kind of acts do really shows that people are really that greedy! We are hoping for more and despite of saying that we do support the project but its impossible to deny that making profit
is what we are really that mainly aiming which its normal.It is really just that people do make out different decisions on a particular time or condition which neither it could be considered
to be a good or bad hit or such action.

[sokani]

This is his own story. Most of us are blaming him probably because of the size of his investment and how much has come back as profit at the time which I think is not more than 1,000 percent increase. So just like him, some of us here too have been such a "fool" to the marriage op is talking about. I believe we have invested in cryptocurrency and at the long run fell on the bull trap. I have read some stories like that and that will keep happening when we are greedy and estimating the range we want price to get to before getting out but we are blinded by greed from seeing that the price have been overwhelmed, over stretchd or oversold of which the next step is retracement that you never can tell the support area. Always trade with the chart and and nothing wrong with running away with profit to have your peace. I don't wish to lose that much, hell no.

There are instances where some persons might be caught up in a bull trap but this is totally different. How can someone buy a coin at $250,000 and after a short time it got to $3,000,000 and it never occur to him to take profit? Mind you dogecoin didn't just fell drastically to where it is today. When the bear hit the market, the price started dropping off gradually and if he was wise he would have sold the coin and waited for it to fall to a bottom price and then buy and hold for the bull season. He was just blindly married to the coin that kept holding unto it and I'm certain he regrets his decision.

[DanWalker]

~snip~

~snip~

These kind of acts do really shows that people are really that greedy! We are hoping for more and despite of saying that we do support the project but its impossible to deny that making profit
is what we are really that mainly aiming which its normal.It is really just that people do make out different decisions on a particular time or condition which neither it could be considered
to be a good or bad hit or such action.

You have a point there, many people are holding junk altcoins, and they always say they are supporting the project, but the truth behind it is that they have become too greedy and are paying a pretty heavy price and becoming reluctant holders. Indeed, other than those who are embracing bitcoin as a currency, no one in this market is kind enough to say they are supporting the project. We all have a single goal of making as much profit as possible, we have never intended to support any project. I would be suspicious if someone said they don't care about profits and just want to support the project. Because we all know that this is a financial market and there will be winners and losers.

[cryptomaniac_xxx]

This is his own story. Most of us are blaming him probably because of the size of his investment and how much has come back as profit at the time which I think is not more than 1,000 percent increase. So just like him, some of us here too have been such a "fool" to the marriage op is talking about. I believe we have invested in cryptocurrency and at the long run fell on the bull trap. I have read some stories like that and that will keep happening when we are greedy and estimating the range we want price to get to before getting out but we are blinded by greed from seeing that the price have been overwhelmed, over stretchd or oversold of which the next step is retracement that you never can tell the support area. Always trade with the chart and and nothing wrong with running away with profit to have your peace. I don't wish to lose that much, hell no.

There are instances where some persons might be caught up in a bull trap but this is totally different. How can someone buy a coin at $250,000 and after a short time it got to $3,000,000 and it never occur to him to take profit? Mind you dogecoin didn't just fell drastically to where it is today. When the bear hit the market, the price started dropping off gradually and if he was wise he would have sold the coin and waited for it to fall to a bottom price and then buy and hold for the bull season. He was just blindly married to the coin that kept holding unto it and I'm certain he regrets his decision.

As explained, he thought that it can still go higher to $1.00 = 1 Doge. But it turns out that he is very wrong. And we all know that we can't really predict how the market is going to be, and in some instances, luck plays a big role.

And in this case it did, as we has able to invest before the whole Elon Musk influence on Doge. But nevertheless, he might have lived on fantasy at some point and thinks that he can still make more profits out of it, which turns out to be wrong and now he has to wait again for the price to go up in the next bull run and hopefully this time he makes the right decision.

[usekevin]

What a big mistake from that guy. Even with that $250k, if it's me I guess I'll take profit when it doubles and becomes $500k. But he did really give himself the space for greed and thought himself that he's cool by just holding it for too long. Remember that this market is totally brutal for most of the altcoins. It's totally fine if it's with bitcoin because it's for sure going to recover but uncertain with Dogecoin. We knew it that it had become a trend because Elon gave it space to his own platform and kept on tweeting about it. But we're seeing that without him shilling it, Dogecoin remains to be the funniest meme coin that it has ever been but investing wise, it's not.

The trader should handle their emotion in the trading,because the price pump may make the trader greedy.Since the price was increased to the value of hundred percentage from the original value,the trader may get greedy to more profit.But the cyclic pump of the coin may over and back to the old value by the panic seller.Since the coin was the random coin,the investors will cash out at the all time high.The trader should ready to face the all time high and get the bag full of profit at the pump.

[Hamphser]

This is his own story. Most of us are blaming him probably because of the size of his investment and how much has come back as profit at the time which I think is not more than 1,000 percent increase. So just like him, some of us here too have been such a "fool" to the marriage op is talking about. I believe we have invested in cryptocurrency and at the long run fell on the bull trap. I have read some stories like that and that will keep happening when we are greedy and estimating the range we want price to get to before getting out but we are blinded by greed from seeing that the price have been overwhelmed, over stretchd or oversold of which the next step is retracement that you never can tell the support area. Always trade with the chart and and nothing wrong with running away with profit to have your peace. I don't wish to lose that much, hell no.

There are instances where some persons might be caught up in a bull trap but this is totally different. How can someone buy a coin at $250,000 and after a short time it got to $3,000,000 and it never occur to him to take profit? Mind you dogecoin didn't just fell drastically to where it is today. When the bear hit the market, the price started dropping off gradually and if he was wise he would have sold the coin and waited for it to fall to a bottom price and then buy and hold for the bull season. He was just blindly married to the coin that kept holding unto it and I'm certain he regrets his decision.

As explained, he thought that it can still go higher to $1.00 = 1 Doge. But it turns out that he is very wrong. And we all know that we can't really predict how the market is going to be, and in some instances, luck plays a big role.

And in this case it did, as we has able to invest before the whole Elon Musk influence on Doge. But nevertheless, he might have lived on fantasy at some point and thinks that he can still make more profits out of it, which turns out to be wrong and now he has to wait again for the price to go up in the next bull run and hopefully this time he makes the right decision.

On the time that you do get FOMO on the time that it had been that being be able to pump just because of some person like Elon and then the hype builds up then pretty sure you would really be having those impressions that you should be needing to hold it up until it would reach a dollar a piece but this is where people do commit out mistake on which they didnt even trying to think basing up on the overall supply
and to those presumed values which those marketcap would really be able to surpass Bitcoins MC which we can say that it cant really be that impossible on that case but once you are on the situation where you've seen your $250k investment turns out to be millions then it wont really be that so easy for you to get out on the feeling on getting hyped.

This is why tons of people would really be missing out the opportunity on selling out when its really that on that peak or they are already on huge profits and this is something
that people should be minding on on which you should set out targets in speaking about profits because if you do hold and miss out a cycle then waiting for another one would really
be long and not all would really be having the patience on doing so.

[JoyMarsha]

All I can say is that if he hasn't sold the dogecoin he's holding, he can still get back the 3 million dollars, as if the battle isn't over yet, and I don't see any portion that he has lost or lost from buying that dogecoin. But if he has sold that profit, I can say that Glauber really lost.

But like I said, if it hasn't been sold yet, maybe when the bull run comes, it will exceed the 3 million dollars that happened before, when it should have a profit. So just hold for now until bull season.

If he can hodl his dogecoin from the last bull run till now, he's probably going to wait to the bull run happens before he can sell his dogecoin.
I find a surprising that someone can hodl onto a coin that gave him millions of profit and he refuses to take profits but decides to hodl onto the coin until this moment. That's interesting but a big mistake was it.
He should be praying to his God in his quiet moments so that his beloved "dogecoin'' will give him the same profits back again in the upcoming bull run.

[KingsDen]

According to the screenshot and his tweet, His 3M is now 21K and the last screenshot show it's only 6K.

This is not possible.

Doge ATH is $0.74
Doge price today is $0.062
That is a loss of 11.935x
$3 million when doge was $0.74 would be $251361 by now when doge is $0.062
So now loss.

This calculation did not cover his entry point. You should be able to know the point at which he bought to be able to know the losses. Speaking from the screenshot, he is already at lose. Myself, the doge coin crashed on me and I am at about 70% lose. So, there is  no how he will not be at lose. With all indications, seems he joined after the coin was first pumped.
Meanwhile, it is possible that dodge may see $1 during the bull run. There is hope, but then he made a huge mistake. You don't hold on for long to what is not bitcoin.

[lalabotax]

The big lesson here is to never marry a coin, no matter how good you think the project is, be it
Bitcoin
Ethereum
BNB or any other, always take profit.

Some advice that we should listen to and do when investing in cryptocurrency is:
1. Invest the amount that you can afford to loose.
So that when you suddenly lose the money due to something or you are late in taking profits, you will not feel too much underpressure and can move on quickly to maintain our mental health.
2. Don't put your money into one bag
In this case, diversification when investing in altcoins is very necessary. This is related to the advice from the OP above, that don't marry a single altcoin, because no matter what, we have to survive if the coin drops very drastically, this is also a form of good financial management.
3. Don't be greedy.
When you feel you have met your target, then you can take profits both overall and in several stages. So you can still enjoy the results of your investment at a certain time. It's okay to hope for more, but don't be too greedy, because no one knows the most accurate prediction for the coin price. When we are too late, we will regret it.

[Viscore]

Know your limits. Never marry a coin and expect like everything will definitely happen according to your plan. The whole crypto market is so much volatile that you can’t even assure that these profitable coins today will stay be in the same position tomorrow. Once you invest, invest an amount that you can afford to lose, and when you see your investments are showing significant profits, learn to sell them and make profits, otherwise forever hodling might only end up in zero value as we don’t hold what the future events may bring.

[goaldigger]

Know your limits. Never marry a coin and expect like everything will definitely happen according to your plan. The whole crypto market is so much volatile that you can’t even assure that these profitable coins today will stay be in the same position tomorrow. Once you invest, invest an amount that you can afford to lose, and when you see your investments are showing significant profits, learn to sell them and make profits, otherwise forever hodling might only end up in zero value as we don’t hold what the future events may bring.

Better to be more realistic and if you are trading, you must know when to sell it and take the profit. The market can become more unpredictable and if you wait longer, you might miss the chance of taking the profit. Well, this is normal to those who can’t handle their emotion but hopefully, since you are already here in the forum you should already know how to manage it and be more professional when it comes to trading and investing.

[xSkylarx]

Know your limits. Never marry a coin and expect like everything will definitely happen according to your plan. The whole crypto market is so much volatile that you can’t even assure that these profitable coins today will stay be in the same position tomorrow. Once you invest, invest an amount that you can afford to lose, and when you see your investments are showing significant profits, learn to sell them and make profits, otherwise forever hodling might only end up in zero value as we don’t hold what the future events may bring.

Better to be more realistic and if you are trading, you must know when to sell it and take the profit. The market can become more unpredictable and if you wait longer, you might miss the chance of taking the profit. Well, this is normal to those who can’t handle their emotion but hopefully, since you are already here in the forum you should already know how to manage it and be more professional when it comes to trading and investing.

When you are already having profit our greed will take over making you want to have more profit and not take the profit first as you want to wait more. This is really the problem we are not able to control our emotions and after the price drops and we are unable to sell that is the time we regret it. We will learn a valuable lesson that time for sure and next time that it happens again we should need to get our capital, withdraw some profits, and let our other profits continue if the price reaches some level so that we are safe.

[CarnagexD]

I've learned my lesson in the past. Back in 2017, during the first bull run I experienced, I was overly confident that it would reach my target price, but it didn't happen. It turned out to be a scam. I could have made a good amount of money if I had sold, but I consider it part of the learning experience. What matters is that I was profitable overall during that time.

Investing is indeed a gamble, and since we cannot predict the future, it can lead to either failure or success. What's important is that we can accept what happens and continue learning from our mistakes. I once read an article about an early investor in Bitcoin who was delighted to have sold his Bitcoins at $10 each. If he hadn't bought back in, he might be regretting it now, given the current high price.

The anecdote about the early Bitcoin investor highlights the unpredictability of the market. Timing is often a matter of luck, and even those who sold their holdings at lower prices can't predict how the market will evolve. Your ability to approach investing with a balanced perspective, considering both successes and challenges, is a valuable trait for any investor. Keep learning and adapting, and you'll be better prepared for the opportunities and challenges that lie ahead in the world of investments.

I think what is needed is risk managgement. It's okay not to get all the possible profit. But also to not lose money from the first place. It's a great feat actually to celebrate even if you're just breakeven as long as you're not losing money.

[Distinctin]

This proves that greed will never put you on top of the situation but will only ruin everything you have. If you know the essence of investing, you should know how to sell when there are profits in front of you. Long term hodling is either good or bad. You might be getting the biggest value of your investment or the other way around, you will end up investing for nothing. But for him, he’s a proven example of never marry your coins. Now he’s totally at loss and is surely regretting of his so wrong decision.

[el kaka22]

It really makes no sense at all to do something like this. I am not saying that it doesn't make sense just for investment world neither, it doesn't make sense that he kept holding something called "dogecoin" and that should be laughable enough. The fact that it went from 250k to 3 million dollars is already a huge enough deal if you ask me, it really doesn't feel like that would make any sense at all.

I hope that people could get better help and we will not see anything like this again. I do not think that it makes sense for people to spend their hard earned money on something like this, and they should totally be getting out of it as soon as they possibly could and not own any. This is not a serious investment at all.

[milewilda]

Know your limits. Never marry a coin and expect like everything will definitely happen according to your plan. The whole crypto market is so much volatile that you can’t even assure that these profitable coins today will stay be in the same position tomorrow. Once you invest, invest an amount that you can afford to lose, and when you see your investments are showing significant profits, learn to sell them and make profits, otherwise forever hodling might only end up in zero value as we don’t hold what the future events may bring.

Better to be more realistic and if you are trading, you must know when to sell it and take the profit. The market can become more unpredictable and if you wait longer, you might miss the chance of taking the profit. Well, this is normal to those who can’t handle their emotion but hopefully, since you are already here in the forum you should already know how to manage it and be more professional when it comes to trading and investing.

When you are already having profit our greed will take over making you want to have more profit and not take the profit first as you want to wait more. This is really the problem we are not able to control our emotions and after the price drops and we are unable to sell that is the time we regret it. We will learn a valuable lesson that time for sure and next time that it happens again we should need to get our capital, withdraw some profits, and let our other profits continue if the price reaches some level so that we are safe.

And this is the most hardest thing that you would really be able to control on the time that you are seeing that you are making profits or gains on which you would really be asking for more and this is something that you would really be that able to experience or encounter which if you dont have that good self control or discipline then most likely you would really be ending up on holding.Who doesnt really want on getting rich?
For sure you would really be aiming on holding for long years because we've seen that there are people who do become multi-millionaires on a short or couple of years or 5 years or more on just simply holding and
this is why we cant really remove into our minds about those probabilities and this is why we do really try to mimic out and believe that it would really be just that the same on what we are really that trying to do
and this is why we do end up on holding even more.

[serjent05]

This is why in every investment, there is a need to set a target selling price. I do not think the person stated by @OP married the coin/project or whatever@OP means by holding it and not selling the coins.  I believe he just set his selling price at $1 and since it is not met, he has no choice but to continue hodling. 

I believe one lesson here to learn is that we should set a realistic selling price.  The price within the range of reality and if we wanted to take another profit for the coins, we can always invest again when its market revisit the bear market.

[GreatArkansas]

I can really relate here. I remember my early days in the cryptocurrency market. I exchanged my Bitcoins to these random altcoins, which instead of just taking profits from my Bitcoin profits or just hold it only for Bitcoin, I should've become more profitable instead and not losing a lot.

[lienfaye]

This is why in every investment, there is a need to set a target selling price. I do not think the person stated by @OP married the coin/project or whatever@OP means by holding it and not selling the coins.  I believe he just set his selling price at $1 and since it is not met, he has no choice but to continue hodling.  

There's nothing wrong if you have a set target price on when to sell BUT don't forget to take profit at times. In this case, the guy became greedy even he already made a huge profit from his initial investment. He chose not to sell and wait, not knowing the price of Doge will plunged after hitting an all time high.

I also have regrets in the past due to greed. That's why if there's a chance to take profit, I don't hesitate selling some to enjoy what I gained. Moreover, I learned not to hold and rely on coins that have no real use case because the profits are not guaranteed.

[OcTradism]

I can really relate here. I remember my early days in the cryptocurrency market. I exchanged my Bitcoins to these random altcoins, which instead of just taking profits from my Bitcoin profits or just hold it only for Bitcoin, I should've become more profitable instead and not losing a lot.

Altcoins look very promising and attractive because they can rise 100%, 200% within 24 hours or a few days. With Bitcoin, it won't happen with its big marketcap nowadays. Newbies are disguised by such big rises within short time but they don't know risk with altcoins are very big, bigger than Bitcoin.

Even Proof of Work altcoins can die with time so other types of altcoins that can be minted, without Proof of Work, are very risky. They can be dumped by founders, developers and can be abandoned when the market trend is gone. Developers will come back to create new altcoins that match with a newest trend. Old altcoins will be dead ones and investors will only can look those altcoins in their wallet, without value on cryptocurrency market.

[arwin100]

This is why in every investment, there is a need to set a target selling price. I do not think the person stated by @OP married the coin/project or whatever@OP means by holding it and not selling the coins.  I believe he just set his selling price at $1 and since it is not met, he has no choice but to continue hodling.  

There's nothing wrong if you have a set target price on when to sell BUT don't forget to take profit at times. In this case, the guy became greedy even he already made a huge profit from his initial investment. He chose not to sell and wait, not knowing the price of Doge will plunged after hitting an all time high.

I also have regrets in the past due to greed. That's why if there's a chance to take profit, I don't hesitate selling some to enjoy what I gained. Moreover, I learned not to hold and rely on coins that have no real use case because the profits are not guaranteed.

A good example that greedy people will regret their decisions made. Since we are in crypto everything is unstable here so its not good to hold any altcoin especially it reached for another record breaking all time high again. People need to realize the mistake made by this people and learn not to be greedy then take profit on e there's opportunity. I'm so sure that this guys feel sorry for their selves and learn a lesson from the mistake they made.

[Peanutswar]

One of the common mistakes of investors are most likely is the put all of their money in a single pot. We know how the shitcoins, memecoins or altcoins themselves makes a huge profit if you manage to hit the good one, but after it gives a good profit it can bring it to the lowest point which is the dump of the large investors if you didn't make it to exit you will lose all your profit and another thing is the emotions they keep trusting too much and being greedy to their investment and one of the example is this created by OP this could be a really life-changing and expensive lesson in life.

[Mauser]

The big lesson here is to never marry a coin, no matter how good you think the project is, be it
Bitcoin
Ethereum
BNB or any other, always take profit.

I fully agree with you, if we are looking at crypto currencies as a form of investments then we shouldn't be too emotional attached to the projects. It's one thing to invest in a project because we like the idea, want to support it and hope for the longterm success of it. And something completely different if we are looking at crypto currencies as a form of investment to make a profit. For anybody still new to the crypto community and that doesn't have any big returns yet with his coins it could lead to a big problem sticking with a project even if there are many indicators recommending to sell. For the early investors that hold bitcoins for several years this is not really an issue. In case you bought bitcoins below 10,000 USD, then you don't worry so much if the price is at 20k or 25k USD. Taking profits in your trades is a good way to protect us from down swings. Because we can use the profits and invest it into a different project. Spreading out our money is a good way to protect us from future down swings.

[2double0]

The most important thing to learn is, not everything is and can be Bitcoin. Bitcoin rose and is still rising because it was the parent coin that first gained the geeks, then came in some casual traders, then some serious traders, retail investors, and finally the institutional investors. This gave rise to the adoption as well as the price of btc as, being one of the biggest networks of the world that is run by a wide community, it had and still has the potential for remaining number 1 till next decade or 2 (and even more).
Btc got the rise because nobody (especially Satoshi) got framed or caught and is still anonymous, but all the newer projects have one thing that they keep for the project (or themselves if they rugpull), and that is marketing funds which they can use to dump the market and keep the value of their token down, so expecting a lot from even the oldest tokens (the example itself by OP) shows that it is big stupidity that a trader commits. Nowadays, we all know that swing traders are making too much profit through their trading, so doing it will make you more than holding for years and waiting to get a fortune and then seeing your investment go in vain.

[jaberwock]

it's a expensive mistake which taught him about crypto, patience, experiencing bear market, Hodling, etc. because he invested his life saving and borrowed money he remembers every thing he learned in between.
Glauber Contessoto said he is buying the dip which is good practice in bear market, some people instead may had sold everything and never looked at cryptocurrency.

I don't think he learned because if he do, he won't take for a long time to sell his coin, but he is showing that he have a patience there. The next time he switch on other better crypto, it won't be hard for him to start again. I see that he also buys at the dip. That maybe the reason on why he have the courage to hold longer. He knows that he can only lose less.

Those who sell and never looked back were maybe the real ones who betted all and fail. They are very disappointed about their selves. The moral in the story here is to have a target. Even if that wasn't huge I prefer it better because it ensures us to earn something than nothing at all.

[BitcoinTurk]

Absolutely, it is very important not to become emotionally attached to a project or cryptocurrency in any way. Glauber's experience is the biggest proof of this and unfortunately many of us are experiencing or will experience this situation. To give an example from myself, I entered the NFT market approximately 2 years ago. This is why I connected to the NFT project that I first minted and I didn't sell while its price was rising quite rapidly. After a loss of approximately 500 USD, I had to make the sale due to the NFT market lost it's hype. Although this incident didn't cause me a serious financial loss. It taught me that I should never establish a emotionally attached with a project or cryptocurrency. Of course, this situation repeated itself two more times afterwards but due to these I eventually learned that I shouldn't establish any emotionally attached with a project or cryptocurrency.

I would also like to add this; There is a big difference between being a long-term investor of any project or cryptocurrency and emotionally attacheded. Of course, when the sales period of long-term investments comes it is very important not to make a emotionally connection at this point and to get the targeted profit margin correctly.

[Fuso.hp]

These screenshots are proof that excessive greed is never good. It might be foolish to expect more from this ALT coin. Market gave him huge amount of profit but maybe that profit is not in his destiny. If such a large profit was in his fortune, he might have sold his investment at the peak of the market. If we consider the time from the peak of the market to now, his investment has lost a lot of money, I don't know how much time it will take him to recover this loss or if he will recover this loss at all. If he had invested in Bitcoin then he would have expected that the market would definitely go well but his investment was in ALT coin. Because Dogecoin's market has suddenly dropped so low, many investors may not invest in the coin, which means that the coin's value will never increase if investors don't invest.

[stomachgrowls]

it's a expensive mistake which taught him about crypto, patience, experiencing bear market, Hodling, etc. because he invested his life saving and borrowed money he remembers every thing he learned in between.
Glauber Contessoto said he is buying the dip which is good practice in bear market, some people instead may had sold everything and never looked at cryptocurrency.

I don't think he learned because if he do, he won't take for a long time to sell his coin, but he is showing that he have a patience there. The next time he switch on other better crypto, it won't be hard for him to start again. I see that he also buys at the dip. That maybe the reason on why he have the courage to hold longer. He knows that he can only lose less.

Those who sell and never looked back were maybe the real ones who betted all and fail. They are very disappointed about their selves. The moral in the story here is to have a target. Even if that wasn't huge I prefer it better because it ensures us to earn something than nothing at all.

We cant say that he didnt learn because realizing things on the errors and mistakes that you have done on which holding doesnt mean that he didnt learn it is really just that he doesnt have the choice on doing so because
its never been having no sense on selling out on loses and this is what makes things harder because you cant really be able to push yourself on doing something but rather to wait for the recovery. Lots of chances or opportunities that had been missed out is really that common because the market is really that unpredictable in the first place and there's no way that we could really be able to tell on where it would be heading and this is why it is really that important that you should really be needing to select or having those kind of selling targets or threshold on which on the time that it would hit up then you do need to make some sell.

This is what my primary rule on investing here on crypto space on which i do really tend to secure out my capital as much as possible. I do only next make out that kind of approach on holding
if ever the coin is really that worth holding no matter what the price it would be as long it would be fitting out on the criteria.

[South Park]

What a big mistake from that guy. Even with that $250k, if it's me I guess I'll take profit when it doubles and becomes $500k. But he did really give himself the space for greed and thought himself that he's cool by just holding it for too long. Remember that this market is totally brutal for most of the altcoins. It's totally fine if it's with bitcoin because it's for sure going to recover but uncertain with Dogecoin. We knew it that it had become a trend because Elon gave it space to his own platform and kept on tweeting about it. But we're seeing that without him shilling it, Dogecoin remains to be the funniest meme coin that it has ever been but investing wise, it's not.

An even better idea is that if you really think a coin has a chance to skyrocket and it has produced 100% in profits already is to sell half of your stash, that way if you happen to be wrong then you do not lose a single cent, but if you are right then you can still enjoy the huge profits such a coin can produce for you at no risk for yourself, as at that moment you are basically investing with free money and as such you will have no pressure at all and you will be more easily compelled to take the right decision as you have no load over your shoulders to perform any more.

[Vaculin]

Marrying a coin is like compromising your investment in the future. No one holds guarantees what will happen in the future so if these coins you are hodling suddenly drop and lose their value, you will lose the chances to make future profits. This is the reason why we have to sell if we see the market is giving us opportunities to make profits. And hold when the market is giving us a signal that there is more profits coming ahead.

[tvplus006]

... always take profit.

This is the problem for any investor, to choose the right level where it is necessary to sell the coin. In this case, if the price of the coin is constantly increasing, and you want to sell it at the maximum price, you need to fix your profit by setting a stop loss.

[Stable090]

These screenshots are proof that excessive greed is never good. It might be foolish to expect more from this ALT coin.

When investing, you don’t have to be greedy, or you might even end up losing the profits that you were supposed to have taken if you sold it. When investing in bitcoin and you are planning to hold it for a very long time, you don’t have to care about the market movement until your target is hit, but I don’t trust altcoins, and sometimes we might be expecting an altcoin to perform well, but at the end they will end up disappointing. That’s why sometimes when you are in good profit, always learn to take profits and don’t expect too much from altcoins.
 
Let’s see if he will be able to hold Doge coin till when it’s going to pump again. Maybe he will be able to sell at higher price, but nobody knows when Doge coin will get to the price again or if it’s really going to get to the price again. Doge coin always pumps if it’s being hyped by Elon Musk, so he should wait for hype from him, or maybe Elon Musk will be able to pump the coin with his money.

[BitDane]

Marrying a coin is like compromising your investment in the future. No one holds guarantees what will happen in the future so if these coins you are hodling suddenly drop and lose their value, you will lose the chances to make future profits. This is the reason why we have to sell if we see the market is giving us opportunities to make profits. And hold when the market is giving us a signal that there is more profits coming ahead.

True!  A trader or investor must set a realistic selling price target.  He should always be ready to part his investment when the profit is realized or the selling price is met. It is not good to set selling price that is not realistic since it can lead to marrying this coins and live with it in eternity.  I have seen many situation like this where the investors setting up unrealistic selling prices only to end up bagholding worthless tokens and coins.

... always take profit.

This is the problem for any investor, to choose the right level where it is necessary to sell the coin. In this case, if the price of the coin is constantly increasing, and you want to sell it at the maximum price, you need to fix your profit by setting a stop loss.

This ain't a problem if the investor is not greedy.  If the investor is content having an average profit an not aim for massive profit such as 10kx.  Indeed one must use the stop loss option in order to protect our investment from too much losses and also protect our profit by selling our holdings in case the price surge and we are waiting for it to surge more, it won't hurt if we set the stop loss option at some point but still in the line of profit just in case the market gets dumped.

[terrific]

Marrying a coin is like compromising your investment in the future. No one holds guarantees what will happen in the future so if these coins you are hodling suddenly drop and lose their value, you will lose the chances to make future profits. This is the reason why we have to sell if we see the market is giving us opportunities to make profits. And hold when the market is giving us a signal that there is more profits coming ahead.

There is only guarantee when we hold a specific coin and that's Bitcoin. The future is assured but apart from that, you need to be patient holding it for a very long time.
While for the other cryptos that you're holding, it is true that you need to have plans on how long you're going to hold it and at what price you're going to sell them.
If you miss selling them, that's the mistake that you will commit because have done that in the past and can no longer afford to do it again.

[Cookdata]

~snip~
These kind of acts do really shows that people are really that greedy! We are hoping for more and despite of saying that we do support the project but its impossible to deny that making profit
is what we are really that mainly aiming which its normal.It is really just that people do make out different decisions on a particular time or condition which neither it could be considered
to be a good or bad hit or such action.

You have a point there, many people are holding junk altcoins, and they always say they are supporting the project, but the truth behind it is that they have become too greedy and are paying a pretty heavy price and becoming reluctant holders. Indeed, other than those who are embracing bitcoin as a currency, no one in this market is kind enough to say they are supporting the project. We all have a single goal of making as much profit as possible, we have never intended to support any project. I would be suspicious if someone said they don't care about profits and just want to support the project. Because we all know that this is a financial market and there will be winners and losers.

Euphoria stage is one of the most difficult stage of a holder, the most difficult stage to determine when to sell but they get too much excitement and forget that excitements of the market isn't a forever thing to do, I can hold Bitcoin for long term even if when the market is crashing, it will not bother me but I can't do the same with altcoins, I'm sorry and not offend the altcoin guys but I will never hold any altcoins, the fastest way to make money in crypto with small capital are through altcoins and the fastest way to go broke in crypto is through altcoins too, so it's either you go bitcoin with less risk or go altcoins and get squeeze.


I have never been a fan and I wouldn't discourage, the market is highly saturated with shitcoins and that's why many of them keep coming here but if you check the number of people that make it through altcoins at few, it doesn't worth it but when you try to tell them, they will say haters must hate but no problem about that, we are here to observe another run after halving, they would be suprise that many of these altcoins will not make any run again.

[tvplus006]

There is only guarantee when we hold a specific coin and that's Bitcoin. The future is assured but apart from that, you need to be patient holding it for a very long time...

You are mistaken, because there are no guarantees in this world. Especially when it comes to the cryptocurrency market.  When you talk about guaranteed profits, you are turning bitcoin into a pyramid scheme where profits are also guaranteed by scammers.

[carlfebz2]

~snip~
These kind of acts do really shows that people are really that greedy! We are hoping for more and despite of saying that we do support the project but its impossible to deny that making profit
is what we are really that mainly aiming which its normal.It is really just that people do make out different decisions on a particular time or condition which neither it could be considered
to be a good or bad hit or such action.

You have a point there, many people are holding junk altcoins, and they always say they are supporting the project, but the truth behind it is that they have become too greedy and are paying a pretty heavy price and becoming reluctant holders. Indeed, other than those who are embracing bitcoin as a currency, no one in this market is kind enough to say they are supporting the project. We all have a single goal of making as much profit as possible, we have never intended to support any project. I would be suspicious if someone said they don't care about profits and just want to support the project. Because we all know that this is a financial market and there will be winners and losers.

Euphoria stage is one of the most difficult stage of a holder, the most difficult stage to determine when to sell but they get too much excitement and forget that excitements of the market isn't a forever thing to do, I can hold Bitcoin for long term even if when the market is crashing, it will not bother me but I can't do the same with altcoins, I'm sorry and not offend the altcoin guys but I will never hold any altcoins, the fastest way to make money in crypto with small capital are through altcoins and the fastest way to go broke in crypto is through altcoins too, so it's either you go bitcoin with less risk or go altcoins and get squeeze.


I have never been a fan and I wouldn't discourage, the market is highly saturated with shitcoins and that's why many of them keep coming here but if you check the number of people that make it through altcoins at few, it doesn't worth it but when you try to tell them, they will say haters must hate but no problem about that, we are here to observe another run after halving, they would be suprise that many of these altcoins will not make any run again.

We are really just that humans on which seeing our portfolio suffering from great negative then it would really be just that normal that you would really be creating those doubts or would really be having that kind of issues when it comes to your investment which you would really be mainly thinking on cutting loss to avoid that further negative which would really be causing for that huge effect into your investment and already forgetting that recovery could really be still that possible even if you would really be just tending to hold it off and wait for the market u-turn or recovery which we know that it could really be happening.

On the stage where the community is really on the verge of extreme fear and anxiety towards market movement then it would really be creating that all around fear and hesitance which it is really that something
very normal that would really be that experienced since we know that its never been that ideal on tolerating that kind of emotion because once you dont able to get a hold of such stuff then you would
really be hardly be able to make yourself do make out some decisions which arent supposed to be done. This is why being aware of the situation is always that recommended.

[Cling18]

There is only guarantee when we hold a specific coin and that's Bitcoin. The future is assured but apart from that, you need to be patient holding it for a very long time...

You are mistaken, because there are no guarantees in this world. Especially when it comes to the cryptocurrency market.  When you talk about guaranteed profits, you are turning bitcoin into a pyramid scheme where profits are also guaranteed by scammers.

When we talk about a good foundation, Bitcoin could provide us an assurance yet I agree that there's no guarantee that any coin could last a lifetime. There isn't 100% assurance in crypto but as smart investors, we should know when to take profit and to sell.
There's no problem with a long-term investment but I don't think it would be wise to hold meme coins for the long term because they're being carried away by the hype. We should take advantage of the hype but we should not expect too much out of it. Some coins are worth holding and some coins are just worth investing for a short-term period.

[terrific]

There is only guarantee when we hold a specific coin and that's Bitcoin. The future is assured but apart from that, you need to be patient holding it for a very long time...

You are mistaken, because there are no guarantees in this world. Especially when it comes to the cryptocurrency market.  When you talk about guaranteed profits, you are turning bitcoin into a pyramid scheme where profits are also guaranteed by scammers.

You're right that there's no guarantee but if it's about investing on this market, it's a guarantee that you're investing in a good crypto if it's Bitcoin.
Whether we like it or not, if it's about Bitcoin many are going to agree that it's got the brighter future than any other assets and crypto in the market.
Maybe I've just used the wrong word about telling that it's a guarantee and should be replaced by a 'safer' asset if it's Bitcoin than the others.

[Mahanton]

There is only guarantee when we hold a specific coin and that's Bitcoin. The future is assured but apart from that, you need to be patient holding it for a very long time...

You are mistaken, because there are no guarantees in this world. Especially when it comes to the cryptocurrency market.  When you talk about guaranteed profits, you are turning bitcoin into a pyramid scheme where profits are also guaranteed by scammers.

You're right that there's no guarantee but if it's about investing on this market, it's a guarantee that you're investing in a good crypto if it's Bitcoin.
Whether we like it or not, if it's about Bitcoin many are going to agree that it's got the brighter future than any other assets and crypto in the market.
Maybe I've just used the wrong word about telling that it's a guarantee and should be replaced by a 'safer' asset if it's Bitcoin than the others.

Stick with the best and the main coin on which the community is supporting which is Bitcoin, the only issue on which why some people would really be looking towards other coins is that they cant really be able to earn
many multipliers and this is why they would really be looking towards into those coins which they would really be able to get such possibility and this is what makes them really that able to get that kind of opportunity
and this is why they would really be holding no matter what into those coins that they had bought and wont really be making out some priorities towards Bitcoin and some top altcoins which they would really be
tending to hold and dive in with those new projects or not so old coins which it does have the potential.I agree that it would really be just that wise that you should really be setting out that selling point on which
you should really be that getting out or cashing out that capital of yours and leave for some moonbag. You would really be ending up on regretting if you do have missed out that kind of opportunity.

[Sanitough]

Never invest in your greed because if you do that, no matter how profitable those coins are, you will still never end up successful. And never put high expectations in your investment. Every investment has its own lapses, and whether you like it or not, there will always be inevitable events that are out of your control that will lead to your sudden losses. So never marry your coin. Know that you invest to make profits, so sell if there’s a need to make a decent gains.

[Johnyz]

Never invest in your greed because if you do that, no matter how profitable those coins are, you will still never end up successful. And never put high expectations in your investment. Every investment has its own lapses, and whether you like it or not, there will always be inevitable events that are out of your control that will lead to your sudden losses. So never marry your coin. Know that you invest to make profits, so sell if there’s a need to make a decent gains.

In investing and trading, we should always have a realistic target and avoid the greed and being too emotional.
The goal is to make profit and not to get too attached on any project or coin. Many are being too emotion and can't sell their holdings even if they already accumulated a good profit because of a hope that the price might continue to go up, usually it does but in some cases, you might miss the opportunity to sell if you continue to hope for the big pump. Analyze the market well, know exactly the current trend and adjust based on it.

[rhomelmabini]

This would apply to those trends that gone short-lived but I think Dogecoin will not die down that easily, it's one of the true decentralized coin that still exist today alongside with Bitcoin. For a trader perspective his conviction could be mocked but for those investors alike that thinks long term I'm sure he would be hailed as a legend. It's all about perspective and I think he knows the risks involved. Just my two cents.

[Rockstarguy]

Never invest in your greed because if you do that, no matter how profitable those coins are, you will still never end up successful. And never put high expectations in your investment. Every investment has its own lapses, and whether you like it or not, there will always be inevitable events that are out of your control that will lead to your sudden losses. So never marry your coin. Know that you invest to make profits, so sell if there’s a need to make a decent gains.

In investing and trading, we should always have a realistic target and avoid the greed and being too emotional.
The goal is to make profit and not to get too attached on any project or coin. Many are being too emotion and can't sell their holdings even if they already accumulated a good profit because of a hope that the price might continue to go up, usually it does but in some cases, you might miss the opportunity to sell if you continue to hope for the big pump. Analyze the market well, know exactly the current trend and adjust based on it.

I think people just believe it is their right to make profit in any investment , they go into wrong investment and have much expectation on it. The cause of all this problem is that people just want to make money by all mean by not making research to know which investment better and that has value in the market. The lack of understanding,  put money as the priority is what makes people fall into wrong investment .

[Minecache]

This would apply to those trends that gone short-lived but I think Dogecoin will not die down that easily, it's one of the true decentralized coin that still exist today alongside with Bitcoin. For a trader perspective his conviction could be mocked but for those investors alike that thinks long term I'm sure he would be hailed as a legend. It's all about perspective and I think he knows the risks involved. Just my two cents.

I agree with you, we used to ridicule Dogecoin as a shitcoin, a farce, without value, but what it has achieved today is something we cannot deny. I believe that it will even survive and grow even without Elon because it has existed for a long time and always had a strong community supporting it before Elon used it as a tool to hype. Honestly, if we compare the safety level except bitcoin and ethereum, I even believe that Doge will be safer than BNB, XRP or any other altcoin.

We don't know how much hype it will get in the next bull season but it will never die even if Elon stops toying with it.

[terrific]

You're right that there's no guarantee but if it's about investing on this market, it's a guarantee that you're investing in a good crypto if it's Bitcoin.
Whether we like it or not, if it's about Bitcoin many are going to agree that it's got the brighter future than any other assets and crypto in the market.
Maybe I've just used the wrong word about telling that it's a guarantee and should be replaced by a 'safer' asset if it's Bitcoin than the others.

Stick with the best and the main coin on which the community is supporting which is Bitcoin, the only issue on which why some people would really be looking towards other coins is that they cant really be able to earn
many multipliers and this is why they would really be looking towards into those coins which they would really be able to get such possibility and this is what makes them really that able to get that kind of opportunity
and this is why they would really be holding no matter what into those coins that they had bought and wont really be making out some priorities towards Bitcoin and some top altcoins which they would really be
tending to hold and dive in with those new projects or not so old coins which it does have the potential.I agree that it would really be just that wise that you should really be setting out that selling point on which
you should really be that getting out or cashing out that capital of yours and leave for some moonbag. You would really be ending up on regretting if you do have missed out that kind of opportunity.

Yeah, better like that when you're just going to stick with Bitcoin but it won't also be a big problem when you try to explore into altcoins.
But we all know that many of them aren't worth the shot and that's why if you're confident with Bitcoin, you better stay on it.
And if you're going to explore with various altcoins because of what you're seeing on social media or with what your friends does, DYOR and never buy just because of them.

[HONDACD125]

This would apply to those trends that gone short-lived but I think Dogecoin will not die down that easily, it's one of the true decentralized coin that still exist today alongside with Bitcoin. For a trader perspective his conviction could be mocked but for those investors alike that thinks long term I'm sure he would be hailed as a legend. It's all about perspective and I think he knows the risks involved. Just my two cents.

In my opinion, whether you are making a short-term investment or a long-term investment, you should always book your profit, otherwise the market will book its own profit.our main goal is to get a good profit, now if we invest $100k and after a long or short period of time we get from $100k to $2million, and we get 20x  profit. We should not look at whether it happened in the long term or in the short term, we should be objective with our profit.

If we had left our profit target and waited longer, and the market had continued to fall below the $2 million profit, our capital would have gone from $2 million to $10k, turning our profit into a loss. Think for yourself how much damage we have done.If we sell at a good profit and buy again when the coin price falls, you can imagine how big a mistake we made, if we get that profit again in the long term or short term.Doge Coin cannot be compared to Bitcoin because, like Bitcoin, there are many coins out there today that cannot be compared to Bitcoin. The second most important thing is that I don't see any particular use for Doge Coin, it just keeps going up and down because of Elon Musk. If Elon Musk exits Doge coin, it will die on its.

[Dunamisx]

Bitcoin
Ethereum
BNB or any other, always take profit.

You're right, the biggest decision to ever made when making investment in cryptocurrency is to take profits and use the interest or together with the capital on thesame investment and reinvested back but in this case, bitcoin is the only digital asset we can be bouyant about that will not fail us when we invested in it even with our entire asset of investment, while taking the profits and reinvesting the capital back is just to cut short the probability to loss at anytime.

[kingvirtus09]

This would apply to those trends that gone short-lived but I think Dogecoin will not die down that easily, it's one of the true decentralized coin that still exist today alongside with Bitcoin. For a trader perspective his conviction could be mocked but for those investors alike that thinks long term I'm sure he would be hailed as a legend. It's all about perspective and I think he knows the risks involved. Just my two cents.

       -  Besides what you said, Dogecoin is one of the pioneering altcoins in this business industry. I'm not even in this field yet, but Dogecoin is here, and it has a big community in the crypto space, and it got even stronger when Elon Musk supported it.

You're right, the biggest decision to ever made when making investment in cryptocurrency is to take profits and use the interest or together with the capital on thesame investment and reinvested back but in this case, bitcoin is the only digital asset we can be bouyant about that will not fail us when we invested in it even with our entire asset of investment, while taking the profits and reinvesting the capital back is just to cut short the probability to loss at anytime.

Bitcoin is really the main good long-term investment that can give us a good profit if you have a lot of holdings of it in your wallet, and there are other altcoins that also have a lot of potential in the market. Just be wise when choosing a crypto investment.

[inthelongrun]

If he is still holding his Dogecoins then I believe he will get more than $3 million in the year 2025 or early 2026. But that is a big if. This really reminded me of my coins which I started to purchase from 2016 to 2017. My portfolio became huge and life-changing during the 2017 bitcoin and altcoins ATH but I decided to hold almost all of it. Then came the bear season, I thought I could manage to hold them but I started to become worried that it might be the end of crypto. In the end, I sold them all at the cheapest levels since I can only remember selling my bitcoins regularly from the $3k+ to $4k+ range.

But it really makes sense to never marry a coin. At least sell part of them when the profit is already big so there are no regrets when the time comes its prices drop hard.

[wxa7115]

If he is still holding his Dogecoins then I believe he will get more than $3 million in the year 2025 or early 2026. But that is a big if. This really reminded me of my coins which I started to purchase from 2016 to 2017. My portfolio became huge and life-changing during the 2017 bitcoin and altcoins ATH but I decided to hold almost all of it. Then came the bear season, I thought I could manage to hold them but I started to become worried that it might be the end of crypto. In the end, I sold them all at the cheapest levels since I can only remember selling my bitcoins regularly from the $3k+ to $4k+ range.

But it really makes sense to never marry a coin. At least sell part of them when the profit is already big so there are no regrets when the time comes its prices drop hard.

This happens when those that invest in a coin do so without an express purpose, if you buy a coin then at the back of your mind you need to have a price at which you would like to sell, and once it is reached you need to pull the trigger and sell some of it.

In the case of the example given by the OP, it should have been the easiest thing in the world to sell part of your holdings as the price of dogecoin was increasing, and while this strategy would not have brought the maximum profit of 3 million, it could have easily brought 1 or even 1.5 millions in profits, which is more than enough to change the life of anyone for the better, instead of losing money by holding too long which is what happened here.

[TheSpiral]

In investing and trading, we should always have a realistic target and avoid the greed and being too emotional.
The goal is to make profit and not to get too attached on any project or coin. Many are being too emotion and can't sell their holdings even if they already accumulated a good profit because of a hope that the price might continue to go up, usually it does but in some cases, you might miss the opportunity to sell if you continue to hope for the big pump. Analyze the market well, know exactly the current trend and adjust based on it.

Greediness comes when you are not happy with your actual win as a result of which everything become difficult to handle when the situations become altered. A man always plans in trading and investment and set a limit but when greediness comes then there is no value of planning and limits.

Greed is a bad thing therefore whenever you earned any amount so be careful about them and when you loss then visualize the fact that this occasion of losing money posses the power to teach you a lesson to not repeat these faulty actions again.

A person cannot be successful until he understands that how bad is this greed that it totally change your success into unbearable defeat. A successful person don't think emotionally because he knows that emotion cannot help him but it can have adverse consequences on the winning percentage.

[_BlackStar]

-snip-

Greediness comes when you are not happy with your actual win as a result of which everything become difficult to handle when the situations become altered. A man always plans in trading and investment and set a limit but when greediness comes then there is no value of planning and limits.

Greed and optimism are only slightly different - but greed should be avoided as much as they can be if altcoins are the assets they hold. $3M was worth 43.47 btc at its highest price - so maybe the guy would still have $1,139,130 ^{​​[current price]} if he actually converted it to btc at that time. Expecting $1 for the current price of Doge is possible - but he may not realize that he needs to take profit by selling 50% of his assets and keeping the other 50% to sell higher.

[Lanatsa]

-snip-

Greediness comes when you are not happy with your actual win as a result of which everything become difficult to handle when the situations become altered. A man always plans in trading and investment and set a limit but when greediness comes then there is no value of planning and limits.

Greed and optimism are only slightly different - but greed should be avoided as much as they can be if altcoins are the assets they hold. $3M was worth 43.47 btc at its highest price - so maybe the guy would still have $1,139,130 ^{​​[current price]} if he actually converted it to btc at that time. Expecting $1 for the current price of Doge is possible - but he may not realize that he needs to take profit by selling 50% of his assets and keeping the other 50% to sell higher.

Each person does have different mindset on which they would be setting out different goals or targets and if he is really that believing that DOGE would reach out a buck then for sure he's still holding doge worth of coins and not able to convert those into Bitcoin or stable coin which it would really be leaving out that kind of regret which you would really be always thinking of it specially if it did reach out $3M+ profits then this is something that you can easily just forget because it would really be instilling into your mind that what if you have able to sell out on that peak? For sure you are really that cherishing and buying all the thing that you do like without having those regrets because it do came from profits.

Unlike on the situation now on which you have seen those potential profits but ending up much lesser on the capital that you had entered then its really a double kill kind of feeling on which it would really be
just that a normal reaction that you would really be punching up something just to ease that kind of disappointment towards yourself. There are people who do easily move on and wait for long and willing to do so but in overall you cant really just have other option to take but to hold for another cycle but we should really be baring up into our minds that there's no assurance that DOGE or any coins
would really be going back into those all time highs that they had before. It would really be still depending or according into the community demand and recognition in the end.

[lienfaye]

Never invest in your greed because if you do that, no matter how profitable those coins are, you will still never end up successful. And never put high expectations in your investment. Every investment has its own lapses, and whether you like it or not, there will always be inevitable events that are out of your control that will lead to your sudden losses. So never marry your coin. Know that you invest to make profits, so sell if there’s a need to make a decent gains.

In investing and trading, we should always have a realistic target and avoid the greed and being too emotional.
The goal is to make profit and not to get too attached on any project or coin. Many are being too emotion and can't sell their holdings even if they already accumulated a good profit because of a hope that the price might continue to go up, usually it does but in some cases, you might miss the opportunity to sell if you continue to hope for the big pump. Analyze the market well, know exactly the current trend and adjust based on it.

I think people just believe it is their right to make profit in any investment , they go into wrong investment and have much expectation on it. The cause of all this problem is that people just want to make money by all mean by not making research to know which investment better and that has value in the market. The lack of understanding,  put money as the priority is what makes people fall into wrong investment .

Many investors are like that, investing without much knowledge of what they're getting into and believing it's the right investment where they can profit. Well, we have our own preference on what coins to buy regardless of if it has a use case or just a coin existing because of hype and the community believing it's a gem. Though we can't please everyone to invest in the particular coin since it's more worthy, it's their decision to take risk on what they believe is the best to hold. If they made a mistake that's often the start for them to realize everything.

Nevertheless, it's good if you're firm with your decision to keep holding especially if the coin has a real use case. However, don't be greedy, sell if the price is decent enough to take profit otherwise you might regret not selling when the price move downward and takes a long time to recover again.

[ModernTechnoXX]

The big lesson here is to never marry a coin, no matter how good you think the project is, be it
Bitcoin
Ethereum
BNB or any other, always take profit.

Ancient wise people once said, never put your money in one basket. never buy coins or tokens because of people's fomo, and don't trust anyone in the crypto world, it could be that your money becomes a liquidity exit for people who buy at lower prices.

[savetheFORUM]

Greediness comes when you are not happy with your actual win as a result of which everything become difficult to handle when the situations become altered. A man always plans in trading and investment and set a limit but when greediness comes then there is no value of planning and limits.

Greed doesn't always come when you are not happy or satisfied with the results, but it often surrounds your mind when you already have got some wins but you want to get more because you feel if you could get this much, you can also get more but that's just a misconception and it barely works.

Greed is a bad thing therefore whenever you earned any amount so be careful about them and when you loss then visualize the fact that this occasion of losing money posses the power to teach you a lesson to not repeat these faulty actions again.

A lot of people learn from their mistakes but a lot of them don't, they simply forget what happened last time when they get another opportunity and they become greedy once again and I don't blame them, it's not easy to control greed.

A person cannot be successful until he understands that how bad is this greed that it totally change your success into unbearable defeat. A successful person don't think emotionally because he knows that emotion cannot help him but it can have adverse consequences on the winning percentage.

On very rare occasions, your greed might actually make you gain more success, but it is usually not necessary because greed is an emotion that is felt only when you have already reached a certain level of success, and people need to learn to be happy with the initial success instead of getting greedy.

[Patrol69]

In such an investment of the investor he may say that his life has no gain or loss because his life is a loss. At first his investment made profit but he kept his investment hoping for more profit but later his investment never brought him any good. But here he showed extra greed, because during the period when he saw the value of his invested coins going down, he should have sold his investment. If he had sold his investment at that time and invested in another coin, he might have lost. The situation did not come to such a level. It is now very difficult for him to recover the amount of money he has lost.

[Hamphser]

Never invest in your greed because if you do that, no matter how profitable those coins are, you will still never end up successful. And never put high expectations in your investment. Every investment has its own lapses, and whether you like it or not, there will always be inevitable events that are out of your control that will lead to your sudden losses. So never marry your coin. Know that you invest to make profits, so sell if there’s a need to make a decent gains.

In investing and trading, we should always have a realistic target and avoid the greed and being too emotional.
The goal is to make profit and not to get too attached on any project or coin. Many are being too emotion and can't sell their holdings even if they already accumulated a good profit because of a hope that the price might continue to go up, usually it does but in some cases, you might miss the opportunity to sell if you continue to hope for the big pump. Analyze the market well, know exactly the current trend and adjust based on it.

I think people just believe it is their right to make profit in any investment , they go into wrong investment and have much expectation on it. The cause of all this problem is that people just want to make money by all mean by not making research to know which investment better and that has value in the market. The lack of understanding,  put money as the priority is what makes people fall into wrong investment .

Many investors are like that, investing without much knowledge of what they're getting into and believing it's the right investment where they can profit. Well, we have our own preference on what coins to buy regardless of if it has a use case or just a coin existing because of hype and the community believing it's a gem. Though we can't please everyone to invest in the particular coin since it's more worthy, it's their decision to take risk on what they believe is the best to hold. If they made a mistake that's often the start for them to realize everything.

Nevertheless, it's good if you're firm with your decision to keep holding especially if the coin has a real use case. However, don't be greedy, sell if the price is decent enough to take profit otherwise you might regret not selling when the price move downward and takes a long time to recover again.

The only time that they would really be making some in depth research is on the time that they are already experiencing loses or problems towards their investment on which they should have done that earlier or

before they have decided on making out some investment and this is something that you shoudl consider on doing it first before making further step. Just like you have stated that majority will really be only
making out such step on the time that they are losing money. Never ever mary a coin or would be holding up for long term unless if its BITCOIN but not really that totally be worth of if we do speak about
some altcoins specially memes. Just like the rest been saying that it would be always ideal that you should really be that set up some selling points on when you would really be doing such thing.
You cant really just make yourself do rush on making up decisions specially if you havent done any proper research or something.

[Ultegra134]

-snip-

Greediness comes when you are not happy with your actual win as a result of which everything become difficult to handle when the situations become altered. A man always plans in trading and investment and set a limit but when greediness comes then there is no value of planning and limits.

Greed and optimism are only slightly different - but greed should be avoided as much as they can be if altcoins are the assets they hold. $3M was worth 43.47 btc at its highest price - so maybe the guy would still have $1,139,130 ^{​​[current price]} if he actually converted it to btc at that time. Expecting $1 for the current price of Doge is possible - but he may not realize that he needs to take profit by selling 50% of his assets and keeping the other 50% to sell higher.

I hadn't heard of this case before; it's truly mind-blowing how greedy his motive was. He invested $250,000 and managed to yield over $3,000,000 in less than 3 months, yet he decides to stand there and wait for Doge to reach $1. Not only that, but he was also seeing his money lose value and didn't have a stop-loss strategy in which he could potentially have sold at $2,000,000, which is still a great amount of money that the majority of us will never see in our entire lives. Now he has married his doge in hopes that it'll recover, when he could have also kept some if he was so confident that it'd reach the price of a dollar per coin.

And indeed, if he had invested in Bitcoin or even Ethereum, he'd still have over 1/3 of his total investment. I doubt that Doge will ever recover to its ATH, since Elon Musk was to blame for that hype.

[DaMut]

this often happens, we can never underestimate the importance of taking profits. its like a watchword that is always being said everywhere that people shouldnt borrow money to invest or invest what you cant afford to lose. i know its not everyone that abides by this but its a very important thing to note. for this guy, he got some early luck because it didnt take long to make good profits. maybe he was aiming to make like 100m$ or more. i beleive he has learnt his lessons and other people will also learn as well.

[Kasabus]

This would apply to those trends that gone short-lived but I think Dogecoin will not die down that easily, it's one of the true decentralized coin that still exist today alongside with Bitcoin. For a trader perspective his conviction could be mocked but for those investors alike that thinks long term I'm sure he would be hailed as a legend. It's all about perspective and I think he knows the risks involved. Just my two cents.

I agree with you, we used to ridicule Dogecoin as a shitcoin, a farce, without value, but what it has achieved today is something we cannot deny. I believe that it will even survive and grow even without Elon because it has existed for a long time and always had a strong community supporting it before Elon used it as a tool to hype. Honestly, if we compare the safety level except bitcoin and ethereum, I even believe that Doge will be safer than BNB, XRP or any other altcoin.

We don't know how much hype it will get in the next bull season but it will never die even if Elon stops toying with it.

Dogecoin has already established its community so I don't think it will easily become a shitcoin knowing it has been the most profitable crypto coin way back then. Not because Elon has completely influenced and hyped Dogecoin, but because the long term investors have seen it coming that Dogecoin has something to hold onto that they don't get to see and experienced from other crypto coin. It's like Dogecoin becomes the biggest competitor of bitcoin when it was still on top of the market.