Dogecoin

Looking at dogecoin today, seems like its an era of cryptos. What is your take on this guys?

https://gadgets.ndtv.com/internet/news/dogecoin-investor-says-he-became-a-millionaire-in-2-months-2423547

I just read somewhere, the creator of dogecoin sold all his coins for $10000 to buy a civic in 2015. Not sure what he must be going through now. Gosh I would have never driven that Civic again

it just shows that he created this coin for fun and there is nothing serious idea behind it

ya thats true, but he must not be liking it now.

There is a lot of confusion regarding Dogecoin at the moment. I will say to hold on if you have any investments in Dogecoin.

Robert647373 posted:
Looking at how the price of the Dodge changes from the words of Alon Mask, it becomes obvious that this coin is not supported by any foundation. There are very serious risks that most of those who have invested in this coin will lose everything they have invested. A bearish trend will collapse many accounts.

Your post is so scary but somewhat true also. The amount I invested has become half now, but I am still hopeful and going to hold on.

bitcoin is not a thing to be traded with leverage, buy and hold for long term for profits dont use any leverage.

GermanyFX posted:
bitcoin is not a thing to be traded with leverage, buy and hold for long term for profits dont use any leverage.

So true. No point trading in and our with crypto the transaction costs are too high

So are you saying it is worthless to trade in Crypto?

obviously it is

Dogecoin is way to volatile and risky. All it take is Musk to say he doesn't like it and the price will hit zero

doughnuts posted:
Dogecoin is way to volatile and risky. All it take is Musk to say he doesn't like it and the price will hit zero

Please don’t say that. I’m still hopeful for its comeback.

Cryptos are surely rising with every passing day. You can pick any crypto based on your market analysis and grow your money.

I think it will bounce back with a bang when the BTC bulls return.... Patience pays

78678676, I am also pretty optimistic when it comes to DogeCoin. According to a major site that provides crypto forecasts - https://cryptopredictions.com/dogecoin/, the coin is predicted to hit a new high of $1.2 by the end of Q4 2021.

I agree @smith2525. Volatility in crypto movements is not a new thing. Maybe it can go positive after a few days or weeks.

I do his best and he will do

In my opinion it is not worthless to trade doge because there are many who earn their living with the same and most importantly they earn a good amount. But yes, the market is highly volatile and hence very risky. You need to be patient, disciplined, strategic, and make smart decisions while trading.