Who lost money due to dogecoin?

[jeha2015]

I lost. I kept it for a few years but decided to sell it at some point. I haven't lost too much so I don't really regret it, but still. I don't believe that it will be near it's previous ATH again.

However, I see many people experiencing losses on Dogecoin because of their own greed. Greed is a wonderful drug, Because Greed is a very crazy thing. If your new life of financial freedom from highly risky betting isn't enough to convince you to make money, then you're destined to lose it all. This is very sad and shows the importance of having a sensible exit strategy. There's no harm in selling early, as long as you make more than you started with.

Elon has convinced many people so that many people are competing to collect Dogecoin but in the end it is Elon who destroys Dogecoin.

[Sophokles]

I had some doge in my old wallet that i bought for almost a penny and sold for a good amount of money. Thanks to elon for that and after that, I have never invested in doge not even in any meme project. I know some people who came to crypto after hearing about doge. Actually the whole industry was crazy about doge when elon started promoting doge coin and all the influencers were talking about it which attracted many new investors to the market. Most of them ended up suffering massive losses and leaving the industry.

[Bushdark]

I had some doge in my old wallet that i bought for almost a penny and sold for a good amount of money. Thanks to elon for that and after that, I have never invested in doge not even in any meme project. I know some people who came to crypto after hearing about doge. Actually the whole industry was crazy about doge when elon started promoting doge coin and all the influencers were talking about it which attracted many new investors to the market. Most of them ended up suffering massive losses and leaving the industry.

I think op invested late when the price of doge coin had skyrocket already. This is one of the mistakes many investors keep makinh because they don't know how to study the market and know when to buy or sell. We need to understand this mechanism or else we might become a continual losers. There are many investors that made profits from doge coin because they invested early and they were able to maximize there profits and take it as soon as possible making the over bought price to depreciate.

[Sophokles]

I had some doge in my old wallet that i bought for almost a penny and sold for a good amount of money. Thanks to elon for that and after that, I have never invested in doge not even in any meme project. I know some people who came to crypto after hearing about doge. Actually the whole industry was crazy about doge when elon started promoting doge coin and all the influencers were talking about it which attracted many new investors to the market. Most of them ended up suffering massive losses and leaving the industry.

I think op invested late when the price of doge coin had skyrocket already. This is one of the mistakes many investors keep makinh because they don't know how to study the market and know when to buy or sell. We need to understand this mechanism or else we might become a continual losers. There are many investors that made profits from doge coin because they invested early and they were able to maximize there profits and take it as soon as possible making the over bought price to depreciate.

I think in investment-based businesses, having an exit plan ready rather than a perfect entry is more important. You can buy the token anytime and but the exit plan should be based on what you think about the project and for how long you can hold it. I have seen people take late entries into shiba inu but exit with massive profits because they had a perfect plan and executed that plan perfectly. Although meme coin should be avoided for being super risky altcoin investment category but if you see short term profit and willing to take the risk you can try your luck.

[Fredomago]

I had some doge in my old wallet that i bought for almost a penny and sold for a good amount of money. Thanks to elon for that and after that, I have never invested in doge not even in any meme project. I know some people who came to crypto after hearing about doge. Actually the whole industry was crazy about doge when elon started promoting doge coin and all the influencers were talking about it which attracted many new investors to the market. Most of them ended up suffering massive losses and leaving the industry.

I think op invested late when the price of doge coin had skyrocket already. This is one of the mistakes many investors keep makinh because they don't know how to study the market and know when to buy or sell. We need to understand this mechanism or else we might become a continual losers. There are many investors that made profits from doge coin because they invested early and they were able to maximize there profits and take it as soon as possible making the over bought price to depreciate.

If the timing is incorrect then expect to experience huge losses,  not just for doge who really get that huge pump before it was dump back, many investors who rides on this project on that time that the  market still pumping earned decently while those who placed their position late suffered from big losses,  it's the timing that matter,  though if you still trust the project you can buy and hold or if disappointment already dominate you then forget about it and move forward.

[Ngemmeng]

I have never experienced a loss in Doge because I have never invested in Doge. I know that this altcoin is a meme coin and is not suitable for long-term investment. If you experience losses in Doge, just hold until bullish arrives or wait until Elon does something about this meme coin

[Bushdark]

Incurring loses is a usual thing in the crypto market. We don't need to do everything just to make profits from the market since there are ways we can incur profit without any stress. The important thing we need to endeavor is to make sure that we have enough profits because there are project that investing little amount of capital can give us very huge profits in the market. The market is big and there are ways we can be making consistent profits without even trading or doing illegal things just for Money.

[AakZaki]

not just doge, I experienced losses from Bitcoin, ETH, solana, BNB and other coins. Losses can happen to anyone, but after experiencing several losses I started to develop a trading strategy to start recovering these losses. I once traded when Doge was hype and was being discussed by Elon. before Elon started discussing doge on his twitter, I bought first and yes I got a lot of profit, it even covered all the losses I experienced in other coins. profits and losses will both occur, only how can you control how much loss and profit, the more profits, the better.

[Abiky]

However, I see many people experiencing losses on Dogecoin because of their own greed. Greed is a wonderful drug, Because Greed is a very crazy thing. If your new life of financial freedom from highly risky betting isn't enough to convince you to make money, then you're destined to lose it all. This is very sad and shows the importance of having a sensible exit strategy. There's no harm in selling early, as long as you make more than you started with.

Elon has convinced many people so that many people are competing to collect Dogecoin but in the end it is Elon who destroys Dogecoin.

Everybody wants to make money. It doesn't matter what kind of investment people get into, as long as they get a lot of money in return. Foolish investors bought DOGE hoping it would further increase in price after Elon Musk's endorsement. But things have been going the "wrong way" for quite some time now. The "meme" coin is unable to get close to its ATH of nearly $1. It will never get there, unless BTC turns bullish for a long period of time.

Consider yourself lucky if you got into Dogecoin before the "pump" of 2021. You would be in "the loss" if you bought the coin during its ATH. It's not recommended to go all in right now due to market uncertainty. Without use cases for Dogecoin, I'm afraid it will be heading back to sub $0.01 prices. It was good while it lasted, right?