Is Doge Coins still a good investment option?

[Oilacris]

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?

The key on here is on invest on the amount that you can afford to lose as always. You wont really be finding yourself to get stressed on the time or moment that shit things happen.
If you do really believe on DOGE then its your choice, if you do base up because Elon Musk is holding or promoting it then it would really be your choice. No one would really be pushing you
to make up decisions in speaking about investment. You are the ones who would really be doing such decisions whether you would be putting up some DOGE into your portfolio
or you would really be leaving out on meme coins and would really be focusing into top altcoins or coins in the market like BITCOIN or ETH or whatever you do really like or want.
It would really be just that a matter of choice in the end of the day. So it would really be that wise that you should really know on what you are doing.

[camilocollin6]

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?

Dogecoin has indeed provided significant returns for many investors, particularly during its peak in 2021. However, it's important to recognize that Dogecoin is highly volatile and driven largely by community sentiment and external factors, like endorsements from public figures.
As for whether Dogecoin is a good investment option, opinions vary widely. Some people see it as a speculative asset with the potential for short-term gains, while others view it as too risky due to its lack of fundamental value compared to other cryptocurrencies.
My opinion is that if you are aware of the risks and view it as more of a gamble than a long-term investment, then it could be worth considering, especially if you're comfortable with the possibility of losing your investment. However, it's always wise to diversify your investments and not put all your funds into something as unpredictable as Dogecoin. If you decide to invest, do so with caution and only what you can afford to lose.

[GbitG]

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?

Yep mate I agree with you that Doge is a good investment as compared to Altcoin which has a low Market cap. While we should give more priority to the things in which the risk of involvement is less, i.e., good Altcoin. Becuse investment in Meme coin is too similar to Gambling on the other hand Altcoin has a low risk compared to meme coin but here Altcoin means good Altcoin. So you are right that Altcoin should be preferred over meme coin. But anyway, let me tell you that this is an exception, if a person has experience on how to manage risk, then I think there is nothing wrong with investing in a meme coin for instant profit. But it should be taken very carefully because investing in meme coins is like gambling. A little mistake can cause you to lose.

[TastyChillySauce00]

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?

It's good investment when the market is having significant dump, honestly doge coin after reaching 10 billion ++ market cap doge's price action heavily resembles bitcoin and right now just follow bitcoin trend, it's unlike newer meme coin with lower market cap where the hype still heavily influence the price action of the coin and dictate whether it's gonna be bullish or bearish.



dogecoin is just another high market cap investment much like BNB, SOL, or ETH. the risk of delisting is close to zero, the market is already stable enough and you're more likely not gonna get that big of a profit unless BTC is having big rally.

[MainIbem]

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?

It's good investment when the market is having significant dump, honestly doge coin after reaching 10 billion ++ market cap doge's price action heavily resembles bitcoin and right now just follow bitcoin trend, it's unlike newer meme coin with lower market cap where the hype still heavily influence the price action of the coin and dictate whether it's gonna be bullish or bearish.

dogecoin is just another high market cap investment much like BNB, SOL, or ETH. the risk of delisting is close to zero, the market is already stable enough and you're more likely not gonna get that big of a profit unless BTC is having big rally.

You're right, I can't compare Doge to other newly launched meme coins, it's market cap is outstanding making it one of the best for investment when it comes to investing on meme coins though there are other good meme coins too but I'll love to invest on the most outstanding that's shown good potential therefore investing on a meme like Doge over others is not a bad idea at the moment. If the OP had invested days ago when the market in general experienced a massive dip, he would've made good returns currently depending on his investing power as there was an upsurge in the price of coins that follows Bitcoin trend, well incase he missed out, he could wait for another buying opportunity and take advantage of it. But i'll pick BNB, SOL, ETH over Doge irrespective of Doge's market cap and only invest if I've got spare cash after accumulating those other Alts on my portfolio cause they show better potential than Doge which is a meme coin.

[Bd officer]

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?

Op, I don't like altcoins because altcoins are risky, investing in altcoins means losing a lot of money. However, investing in ETH, BNB, SOL, MATIC coins can be good and you decide to invest in DOGE coin which can be good. However, you have to invest with risk, you may gain or lose. But if you can invest in trusted coins like Bitcoin then your risk will be very less, if you can hold Bitcoin for long time then you can definitely earn profit. Currently the price of Bitcoin has dropped a bit so you can invest in Bitcoin. Finally, invest where you feel good about investing, because if you invest on someone else's advice and face loss, you can blame others.

[nutildah]

I've been a fan of DOGE & use it more than any other crypto, and have been since 2014. The main reasons are:

• strong community worldwide
• 1-minute block times
• $0.01 tx fees (or less if you're stingy)
• merge-mining with LTC makes network more robust
• plentiful supply makes it easier to use as a currency

I was into it way before Elon, but let's face it, without any action from Elon its doomed to fall back into the single-digits price-wise. So yeah its a great crypto to use but a risky long-term investment.

Having said that, I'm currently nearly all-in on $DOGE.

[steve5946]

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.

Of course, I'm open to exploring other meme tokens as long as I feel that there's a potential for it to generate a good return in the future, yes.

[steve5946]

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

Not really, nobody knew that 2021 would be that good for Dogecoin but it was. For example, when we take a look at $WIF, nobody was 100% sure that it would generate good returns but it did.

The better approach is to invest in what you can afford to lose and in a coin that you feel has potential.

[Yamane_Keto]

The key on here is on invest on the amount that you can afford to lose as always. You wont really be finding yourself to get stressed on the time or moment that shit things happen.
If you do really believe on DOGE then its your choice, if you do base up because Elon Musk is holding or promoting it then it would really be your choice. No one would really be pushing you

Elon Musk contributed to the success of Doge, but without Musk, the project is big and worth the investment. We may differ on the return on investment and whether it is a successful investment or not, but the project will stay with us for at least 10 years.

[KillerEyez]

If you are considering it as a diversification for your investments AND you have already explored it then there should be no harm in doing so.
Also chk through Crypto presales 2024... I've heard that some coins on presales do end up giving good returns.

Good Luck!!
Happy Investing!!

[deadsea33]

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?

Yes I can definitely say that Doge coin is a very good investment and you can get good returns. Those who invested in Doge Coin when it was first launched in the market later reaped benefits beyond their imagination. But after 2021 I think it can give a good benefit in the next bull run. I'll invest in it too and hope for the best. I think $1+ will go higher in this bull run.

[Dr.Bitcoin_Strange]

I made a profit from Dogecoin in the same year that you did, and I sometimes trade Dogecoin on futures too. It is a good option for investment. According to what I think, Dogecoin might surpass $2 in the future, but it requires patience. Remember that if you can't hold for a long time, you would be rich. 

[o48o]

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?

Literally every investment is a gamble. And frankly doge is one of the safest choices. There's no fundamentals behind it, just pure speculation, but that speculation is based on history of it. To me it seems to be pumping with every altcoin season, and every time it has gone higher that "deserved", meaning that it will do that again, because there's no reason it wouldn't.

Pump this year seems like prepump it had that signaled green for every altcoinseason it had. Now we are just waiting for next one. I don't like doge, but i don't hate it either, but it's definitely pumping again at some point. It's probably not going to make anyone rich anymore, but 5-10x it might do.

[nutildah]

There's no fundamentals behind it

Actually, as far as cryptocurrencies go, Dogecoin has great fundamentals:

• strong community worldwide
• 1-minute block times
• $0.01 tx fees (or less if you're stingy)
• merge-mining with LTC makes network more robust
• plentiful supply makes it easier to use as a currency

I'd argue that, as far as acting as a currency goes, DOGE is superior to BTC or ETH. Its far cheaper to send, and now that its been around for 10.5 years, its firmly entrenched in the crypto landscape, which means its widely accepted compared to most other cryptos.

[steve5946]

Actually, as far as cryptocurrencies go, Dogecoin has great fundamentals:

• strong community worldwide
• 1-minute block times
• $0.01 tx fees (or less if you're stingy)
• merge-mining with LTC makes network more robust
• plentiful supply makes it easier to use as a currency

I'd argue that, as far as acting as a currency goes, DOGE is superior to BTC or ETH. Its far cheaper to send, and now that its been around for 10.5 years, its firmly entrenched in the crypto landscape, which means its widely accepted compared to most other cryptos.

You are right. I think Dogecoin is one of those coins that won't go below it's current value due to its great fundamentals but rather go up in the future.

Whilst Elon Musk contributed to it's popularity, we can't argue that it's already got a potential before then.

[Dr.Osh]

I'm not a meme coin fan, but I think there are still many people who are very enthusiastic about Doge Coin. This is because doge coin is the biggest meme coin, and has a large community. This might attract big investors in the future. If you are interested in meme coins, maybe Doge coin is suitable for that investment. However, I prefer to invest in popular coins like ethereum or binance, but I don't doubt that the potential of meme coin is huge, it's just that the risk is quite high.

[Promocodeudo]

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.

Thats exactly the point, since the op already has Bitcoin in his portfolio, trying other coin wouldn't be a problem, for me I understand that doge coin is not a total dump coin and it is said to be one of the best if not the best meme coin due to its market capital, the only advise I can guve to the op is that he shouldn't expect a high pump from doge coin if there any kind of appreciation in the Bitcoin price.
I love it when you said there still hope for Doge coin that's to say that the op can go ahead that's if it is what he really want, personally I encourage asset diversification once the asset you want to invest in is well known and can be identified as one of the assets that can potentially add value in the future or anytime, although am happy that he own some fractions of Bitcoin which to me is a good move, so buying a little of Doge coin wouldn't be a bad idea but it should be done with a little amount.

[Crypt0Gore]

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?

Doge coin is not a gamble, this is an OG coin with strong community support, if I am buying doge coin I am doing it with confidence, because this coin is a top coin and its been around for a very long time now, be rest assured that history will repeat itself again, there is lots of gains to make from these type of altcoins once the altcoin season is back in action.

Here is a cheat code, new projects that raise good funds will bring better returns than the old projects, make sure you diversify your portfolio.

GoodLuck.

[bakasabo]

The main reasons are:

• strong community worldwide
• 1-minute block times
• $0.01 tx fees (or less if you're stingy)
• merge-mining with LTC makes network more robust
• plentiful supply makes it easier to use as a currency

Having said that, I'm currently nearly all-in on $DOGE.

As far as I know, dogecoin is not the only altcoin that offers features that you have put in the list, which makes dogecoin not unique. And since it is not that unique, the chances of it to become really demanded and push price up arent really high. As well as dogecoin was already pumped numerous times. Do you think all of a sudden it will get pumped again or someone will again for that trick? Moreover ATH is no way near. So have you reconsidered rebalancing your all-in in other altcoin?