is dogecoin a good investment reddit

Dogecoin has grown nearly 23,000% in the last year. "Dogecoin is worth less than a dime. yes. In my personal experience it has been a profitable and a good investment for me. Thanks and which dogecoin wallet do you use? Is Dogecoin more for tipping than an actual investment? everyone here really thinks we have a solid thing going though :D. It is whatever you want it to be. Dogecoin is almost certainly not a good investment in any traditional sense of good investing, but that might just be the reason to buy. Is that true? Press question mark to learn the rest of the keyboard shortcuts. Will it reach 1$; How and where to buy. Mar 8, 2019 8:33AM EST. Dogecoin Reddit – If you go to Dogecoin’s Reddit channel, you will find a decent amount of traffic. I believe in its value to support social and entertaining causes alike its more a community movement than an investment. Its more of a gamble. Doge is so dominant in the market right now, that other coins are losing market share to Doge. Read on to find out. As always TO THE MOON, dogecoin is inflationary, at the end of the mining cycle 432 million coins will continue to be minted every month, it's sort of an experiment, because the coin itself requires a continued infrastructure in the form of computers to run the network and in order to keep the miners paid the currency is devalued by a set amount, bitcoin doesn't reach the end of its cycles till 2140 and TECHNICALLY until that time it is also an inflationary currency, as new coins are still being introduced to the market, as far as investments go it's anyone's guess. Dogecoin is the latest ‘meme stock’ that will get a short-term boost for the lolz after Musk gave it publicity and Reddit looks for its next target. No one can say for certain whether Bitcoin is a good investment. Look at what has been accomplished with it so far in such a short amount of time, New comments cannot be posted and votes cannot be cast. Experts predict DOGECoin to reach Upto $0.00415230 USD by 2021. Don't invest more than you can afford to lose. The site may not work properly if you don't, If you do not update your browser, we suggest you visit, Press J to jump to the feed. Aaand its inflationary for every year more dogecoins will be made after we hit the initial cap. At the of writing this article, the price of Dogecoin has reached $0.65 an all-time high record. 1.8m members in the dogecoin community. Dogecoin Is Adorable, But Is It A Good Investment? Elon Musk often tweets about Dogecoin...so is dogecoin a good investment? Dogecoin is very popular in the industry. Thanks and also which dogecoin wallet do you use? So if you go and spend $5, $10, $15, that’s a better investment … The most amazing place on reddit! Dogecoin price action has been in a consolidating pattern over the past couple of weeks. Dogecoin is a bitcoin rival that rose from a joke. While dogecoin is less common than bitcoin and ether, a good … “My guess is that (the rally) won’t last, especially for something like Dogecoin which was never meant to be a payment system or a store of value,” Zadikoff told CNBC. Is it too late to buy in? Fast Company might have had the best advice for people who are wondering if they should invest in SHIB coin: “That’s up to you. Viewing the moon. Remember, don't invest more you can afford to lose, and do your own reserch. Is dogecoin a good investment? "Without a proper team, technological development and road map, Dogecoin will likely not be a reliable investment in 2021," Chrysochou says. Right now it's worth very little - that may change or it may not. Board the rocket so you can go to the Moon too. “The reason people like investing in cryptocurrencies like Dogecoin is because they feel they can turn their investment into a much larger amount in a short period of time,” Morris said in an emailed statement to the Deseret News. Such potential has warped the sensibilities of many investors. Is Dogecoin a good buy right now? Fear of missing out is not a good reason to make an investment decision. It is fast and cheap to use. Regardless, it’s important to remember that Dogecoin is only worth what people invest in it. The much wow innovative crypto-currency. The difference right now is minimal. In that arena, Dogecoin does perform well. If the people behind it make good decisions for the upcoming years, it's inevitable for it to succeed further. In the future? Dogecoin is still to young to be considered an investment. I think you mean inflationary - the total number of Dogecoin in circulation will increase indefinitely, 5 billion a year (at least, thats the plan at the moment). Read 7 Interesting Facts About Dogecoin That Will Help Your Decision! Dogecoin as a long-term investment Dogecoin has been a big winner for investors with returns of more than 20,000 percent in the past year. Most other cryptocurrencies, like Bitcoin, have a fixed cap of coins. “While it’s one of those investments that could go well short-term, this gambling mentality makes for poor long-term investment decisions.” In my opinion, Dogecoin could be the best investment you ever make. Yeah you have it right, there is no cap on coins, it will hit 100 billion then create 5 billion every year for the rest of it's lifetime. “So the question everyone wants to know, is Dogecoin a good investment? Bitcoin doesnt reach its cap until 2020, and until then, the supply is increasing just like Doge. The much wow innovative crypto-currency. Created Dec 8, 2013. Contributor. But that isn't reflected in the price - Dogecoin's market cap is tiny in comparison to even Litecoin, which, although has been around much longer, has a much smaller community pushing it forward. If you don't own DOGE yet, there are good reasons to buy a little. The much wow innovative crypto-currency. The most amazing place on reddit! It’s not necessarily the best investment you can make, but you can buy it on Robinhood, and signing up and trading on Robinhood is free. So why is Dogecoin up 18,600%? It can be used as an investment this early in the coin because it hasn't reached its potential value. I would be glad if you people could tell me if its a good investment or even suggesting another currency which you think is better (also it doesnt matter if its a long term investment or short term investment) Thanks. Me, I came to Dogecoin as a learning experience rather than an investment. Right now yes. Looks like you're using new Reddit on an old browser. Subshibers. (Remember that when you buy in - its going to be wild ride! How Does Dogecoin Work? According to WalletInvestor, Dogecoin is a good long-term investment. And right now, there is no other reason to take a position in Dogecoin. So that’s one thing,” Cuban said. Its transfer speed is much faster than bitcoin. Getting dogecoin to $1 has been a … A subreddit for sharing, discussing, hoarding and wow'ing about Dogecoins. Dogecoin was created by … Roughly speaking, a crypto's value depends on how popular and widely used it is. People have it for all sorts of different reasons. The site may not work properly if you don't, If you do not update your browser, we suggest you visit, Press J to jump to the feed. So im kinda new to the CryptoCurrency world , and i have a little money (about 50$) that i wanna invest in CC , i have searched about it and i've seen that DogeCoin looks like a profitable investment but still im not sure if its worth it. Community truly enjoys collecting it, tipping with it, generating fun content, every day we hear a new integration with one or the other system. r/dogecoin. You can buy some but keep in mind that there is a chance you will lose big time. “The second thing is it’s about 26 cents per Dogecoin. I keep my spend to hold ratio at roughly 75% hold 25% spend so if I own 100,000 doge I spend roughly 25,000 doge on tipping and purchases and keep 75,0000 as an investment. And the community reaches shibes around the world. This is a good … But it certainly appears to be a better investment than Dogecoin. Dogecoin was originally created as a parody cryptocurrency. and was thinking of buying some! And Doge is very popular - or at least, is going to be in the future! With the positive trend, DOge might be a good investment idea. If you enjoy high likelihoods that you’ll lose your investment, then any joke coin created to ride the speculative coattails of other joke coins is probably a great purchase,” according to Fast Company. This asset was introduced in 2013 and was created out of a meme theme. A subreddit for sharing, discussing, hoarding and wow'ing about Dogecoins … Is Dogecoin a good investment in 2021? Dogecoin has been around for a while now and is still making quite a good return on investment for most of the early adopters who were still able to hold their stash. I wanted to learn how cryptocurrencies work and Dogecoin has been a very fun way to learn (currently I'm saving up to buy something for Spend Your Doge Day. In January, Dogecoin … On February 1 he expressed his support for Dogecoin … That's my plan other shibes may disagree but I feel you need to spend and save. As you might have noticed Dogecoin has a large and enthusiastic community behind it. 19.7k. In my opinion it is far from investment. Not sure about the others, but I am investing it. Though it started as a joke coin, it has managed to hold its ground. The most amazing place on reddit! Looks like you're using new Reddit on an old browser. DogeCoin Price Prediction 2021. Since cryptocurrencies are such a new field, investment is very speculative and prices are extremely volatile. I also feel that you shoul buy and hold a certain amount of dogecoin as well. Zadikoff recently told CNBC he doesn’t expect the hype around Dogecoin to last too much longer, which is why he hasn’t bought into the cryptocurrency yet. Its more of a gamble. Aaand its inflationary for every year more dogecoins will be made after we hit the initial cap. Doge is represented by the blood stream of the internet and internet is and will be the future. The value fluctuates quite a lot ( up to 30%). So the price will never get as high as them but we hope it creates more stability in the price thus making it better for day to day use for merchants. In subsequent years, Dogecoin will grow steadily within the $0.317 to $0.313 trading range in 2021. Investing in the Great Dogecoin Bubble of 2021. A subreddit for sharing, discussing, hoarding and wow'ing about Dogecoins. I'm going to tell you how I view it... Dogecoin needs people to spend for sure because liquidity is essential to ensuring that dogecoin gains the majority of the digital currency market share. Community members are commenting and posting about once every 3 or 4 hours. However, investing in Dogecoin is very different from investing in a more established digital currency like Bitcoin (CRYPTO:BTC). Any coin you buy into could easily halve or double in value in a day!). However, Bitcoin and ether have risen respectively 300 and 460%. Cocaine = bad. If you are a believer that smart contracts and other features such as dApps are not that important, then it may be a good investment. With Dogecoin's infinite supply and low level of decentralization, it's hard to place any real fundamental value on the crypto. And here’s the reason I got Jake into it. Since then Elon Musk wouldn’t stop tweeting about it. Doge is already success and a good investment. Kiana Danial. He also told Forbes he bought Dogecoin for his son as a way to teach him about investment. Dogecoin is also inflationary unlike btc and litecoin. Investors who get … 6 years ago. The value fluctuates quite a lot ( up to 30%). ), I think it is. I recently became interested in Dogecoin (go Josh Wise!) Is Dogecoin Dead Or a Great Investment? Heres some to get you started! Hello There. Elon Musk tweeted a shout-out to dogecoin, which renewed investors' interest in the cryptocurrency. Like many cryptocurrencies, dogecoin is volatile, meaning investors looking to profit from short-term price swings may see it as a good investment. Dogecoin can be a good investment and worth considering. The most amazing place on reddit! +/u/dogetipbot 100 doge verify, [wow so ^verify]: /u/s0ngsforthedeaf -> /u/bostonfan148 Ð100.00000000 ^Dogecoin(s) __($0.045656)__ [help]. This video will break down what dogecoin is and how it was created And the cryptocurrency isn’t worth a lot so it’s not really meant to make money. Is dogecoin a good investment? That my dear shibe is priceless. Its moving forward at a staggering rate. So there's that anyway. In 2020 DOGE has also been successful at earning over 130%. According to Benzinga, Dogecoin is actually about a global movement to make memes soar to the moon. Likely still yes. I like to think I'm a pretty smart guy and I've got some cash invested in Dogecoin. However, I read that it is a deflationary currency and people should spend it rather fast rather than save it (Not sure if that is true or not). Dogecoin is still to young to be considered an investment. Published. So im kinda new to the CryptoCurrency world , and i have a little money (about 50$) that i wanna invest in CC , i have searched about it and i've seen that DogeCoin looks like a profitable investment but still im not sure if its worth it. Anyway, back to your original question - yes, it is! That … 1.6m. Dogecoin was created as a … I would invest only what you could and now would be a good time to invest because it is dipping pretty hard. it's a whole new area that has no real history to look at so if you're interested do your research and place your bet. Dogecoin investment analysis. Honestly, I'd stay away from doge because a lot of people will begin to start buying cocaine with all the millions of dollars they make. In my opinion it is far from investment. Should you invest in SHIB? Much to the dismay of its founders, it has reached billions of dollars in market cap. Press question mark to learn the rest of the keyboard shortcuts. A subreddit for sharing, discussing, hoarding and wow'ing about Dogecoins. A safer investment choice Dogecoin may not be a good fit for most investors, but if you're still eager to get on the crypto bandwagon, there's a safer option: crypto stocks. First off welcome aboard shibe! Those are important qualitative factors to consider. Cryptonewz. Dogecoin prices are up 2,800% so far this year. DogeCoin Prediction Prediction (Next 5 years) According to Cryptonewz, Dogecoin price is expected to cross $0.5 by the end of 2021.

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