Is Doge Coins still a good investment option?

[steve5946]

So, I'm thinking of buying Doge coins again. The last I invested on Doge, I got good returns in 2021 when I sold everything.

I know this is mostly a gamble but nevertheless.

Do anyone feel the same way about Doge coins being a good investment option?

[Charles-Tim]

I think doge can be a good investment but if you go through the recent price history, you may prefer to just invest in bitcoin because these coins are dumped already for new coins that have higher ROI which which are also very risky. If you want to invest on doge, thinking its price will get to all-time high, do not deceives yourself because that will not likely happen.

[steve5946]

I think doge can be a good investment but if you go through the recent price history, you may prefer to just invest in bitcoin because these coins are dumped already for new coins that have higher ROI. If you want to invest on doge, thinking its price will get to all-time high, do not deceives yourself because that will not likely happen.

I already own Bitcoin, just exploring other options at the moment.

The saying, "don't put all your eggs in one basket"

[Mia Chloe]

Personally I don't really take altcoins as a suitable form of investment. Non the less doge coin is quite ok but I would prefer it as an alternative coin to make use of when trying to carry out simple small transactions. This is because sometimes bitcoin fees can make a couple of transactions seem uneconomical although bitcoin fees have been quite ok for some time now, when fees are quite high most bitcioners switch to doge for smaller and more light weight transactions.

Doge has quite an ok trend and from my experience for a while now it hasn't been too volatile (of course in a negative manner.).

[mich]

Well for me it is still a good investment to hodl Doge tokens. It is biggest meme coin and we all know who else does really like it.
When Elon Musk does launch X payments there is rumors he will accept Doge as payment. It is that reason here I think we will see big gains when this dose happen.
https://www.benzinga.com/markets/cryptocurrency/24/08/40229658/elon-musks-vision-for-x-everything-app-advances-could-dogecoin-skyrocket-with-payments-lau

[NASdaq]

All that doge themed coins are just one big scam. It's like a lottery with pretty low winrate

[ajiz138]

I already own Bitcoin, just exploring other options at the moment.

The saying, "don't put all your eggs in one basket"

It's good that you already have bitcoin but never put a lot of money in meme coins at least 5% of your portfolio for Doge it doesn't matter if you believe in Doge in the future.
The current price of $0.1 is still very likely to return to $0.2 but for ATH I am still not sure Doge can go beyond that because this is my prediction so you can conclude yourself about your investment there.
So far I have not dared to invest in meme coins, there is still a lot of trauma buying meme coins that are small capitalists, so for Doge at least there is still hope to rise.

[zakster]

I surely is.
But better to have BTC & ETH
Or maybe have some from presale like Pepe Unchained, PlayDoge & Base Dawgz.

[Yamane_Keto]

I advise you to read some of the reasons mentioned in this topic Stop treating Doge as a meme coin and thinking that it's all about Musk and the number of daily transactions is evidence of blockchain activity and not just a token being traded on CEX.



Dogecoin runs on POW and has an active user base and low fees so it may have value in the future but it is not the best investment right now.

[asriloni]

So, I'm thinking of buying Doge coins again. The last I invested on Doge, I got good returns in 2021 when I sold everything.

[/quote]

Don't you ever think of moving on to other meme tokens instead of always focusing on Dogecoin? That may also be profitable for you. Dogecoin went crazy in 2021, but it is most likely that we won't face the same situation again soon.

Do anyone feel the same way about Doge coins being a good investment option?

I don't even think Dogecoin is a good investment anymore. There are now hundreds or thousands of meme coins. Also, Dogecoin will likely  the same pump as  2021.
If i were you, I'd consider a meme coin with a smaller market cap than Doge coin.

[betswift]

I surely is.
But better to have BTC & ETH
Or maybe have some from presale like Pepe Unchained, PlayDoge & Base Dawgz.

Yeah, considering the situation, I would go with a mix from both worlds, but more stables and big fellas of the market, of course

[GbitG]

So, I'm thinking of buying Doge coins again. The last I invested on Doge, I got good returns in 2021 when I sold everything.

I know this is mostly a gamble but nevertheless.

Do anyone feel the same way about Doge coins being a good investment option?

Hmm, thats pretty interesting, mate!
To be honest, all meme coins are just similar to gambling. So everyone needs to understand that meme coins have a high risk, whether they are Doge coin, PEPE, or blah blah.
 
But Anyway, if we talk about profit, according to me, you should intervene in everything that has the potential to give you profit, but the obligation is that you know how to manage risk. So whether it is Meme coin or Altcoin if you have risk management then I think profit should be organized from this coin. Also, Doge Coin is one of the largest and earliest meme coins in the crypto market. I myself have organized enough profit margins from it during the previous bull run and even now if I make a list of meme coins, I will place Doge coin at the top. Becuse it follows a constant pattern, on a slight increase in Bitcoin, Doge Coin also gains a lot.
 
DYOR !
 

I already own Bitcoin, just exploring other options at the moment.

The saying, "don't put all your eggs in one basket"

Haha, that's the point Mate !

You made a Golden Quote "Don't put all your eggs in one basket"  

People need profit not a collection. Bitcoin is an obligatory investment, while altcoins are also good when they give you a huge profit.

[Coin_trader]

So, I'm thinking of buying Doge coins again. The last I invested on Doge, I got good returns in 2021 when I sold everything.

I know this is mostly a gamble but nevertheless.

Do anyone feel the same way about Doge coins being a good investment option?

I don’t think so, the golden era of Doge investment is buying before Elon hype this token. Right now, there’s no point on still buying it since it has unlimited supply while the price was already discovered.

The price never went back again to the level before hype this token meaning there’s still a lot of big players hoarding this token waiting to dump on retail. Buying Doge is already a gambling and it’s better to stick with Bitcoin that has limited supply and increasing demand.

[pakhitheboss]

So, I'm thinking of buying Doge coins again. The last I invested on Doge, I got good returns in 2021 when I sold everything.

I know this is mostly a gamble but nevertheless.

Do anyone feel the same way about Doge coins being a good investment option?

Any altcoins as of now are not a good investment considering the way the markets are operating right now. I am a fan of Dogecoin and I in the early days did have a good amount of that coin. I sold them when they first started pumping and haven't bought any of them.

What I am trying to convey to you is that there will be a big market crash in the coming months or days. If you can take the risk and keep on holding the coins till the market recovers then you should buy them. Otherwise except for Bitcoin and Ethereum avoid investing in any other coins.

[2Pizza410000BTC]

So, I'm thinking of buying Doge coins again. The last I invested on Doge, I got good returns in 2021 when I sold everything.

I know this is mostly a gamble but nevertheless.

Do anyone feel the same way about Doge coins being a good investment option?

I think Dogecoin is still a good investment. If you are planning to invest then you can invest. But many may make very good predictions about this Dogecoin but I think it's better not to trust their predictions. I'm not a Dogecoin investor I'm just into bitcoin and ethereum. I would suggest you also don't miss to buy Bitcoin, Ethereum, Solana, BNB all these coins. If you buy and invest all these coins and go ahead with Dogecoin then I think your investment will get more beauty and success.

[DeathAngel]

It’s still a good investment yes. It’s been around since 2013 so you’re talking about over 10 years of trading, that has to count for something. It’s a legitimate liquid coin, you're not going to get rug pulled by some new shady devs. It will probably do 10 x ROI within 18 months so it’s still a good time to buy, just don’t expect 1000 x ROI like you might get with a lesser known Altcoin.

[Plaguedeath]

Doge coin is a mother of meme coins, so it's the strongest if you want to compare with other meme coins.

Doge coin might be the top choice for people who looking for a secure coin with low fees without care about the privacy level.

The price tend to rise when the Bitcoin network congested, since the Bitcoin fees will getting higher and higher in the future, the price of Doge coin would rise too.

[MAAManda]

Do anyone feel the same way about Doge coins being a good investment option?

Yes, Dogecoin (DOGE) is a good investment option than altcoins that have low MC. But it's not a good investment choice when compared to altcoins that have large MC. Shiba Inu (SHIB) and Pepe (PEPE) are other meme alternatives, there maybe you will get bigger returns considering they have a lower MC than Dogecoin (DOGE). What do you think about my opinion?

[avikz]

So, I'm thinking of buying Doge coins again. The last I invested on Doge, I got good returns in 2021 when I sold everything.

I know this is mostly a gamble but nevertheless.

Do anyone feel the same way about Doge coins being a good investment option?

Nope! Dogecoin is not a good investment any longer! Unless you can push Elon Musk to start promoting dogecoin again. Dogecoin was dead long back when it's creator sold all his holdings and bought himself a brand new Honda Civic. Whatever you are seeing in Dogecoin right now, it's all because of Elon Musk's promotion.

So if you want to gamble, you can probably put some money into it. But if you want to stay safe, Bitcoin and ETH are two best options for long term.

[Aanuoluwatofunmi]

I have a strong feelings that dogecoin still remains a prominent coin one can invest on because I've been looking on it performance of recent to discover the tendencies on how it have quick recovery over the bear market each time the crypto markets plummets, the first thing I've noticed was the it does not fall easily like that until the market bear is completely achieved before it falls, and when it wanted to rise, the process is more faster than many other coins in which they have fallen along together a the same time.