Post
Topic
Board Altcoin Discussion
Re: Is worth to invest in dogecoin?
by
logicgate
on 12/11/2019, 19:25:42 UTC
I have been seeing many topics about dogecoin these past few days, which might be giving hype into it. Dogecoin is indeed a good coin to invest but overall altcoins, I would sugges other alts in the market in which I think would be more worthy to invest such as  ETH, XRP and the likes. But be mindful of how risky it is to invest at this moment that the market is still starting to rise and there's no assurance yet on which one would be more profitable to invest if ever there will be a recovery before this year end.
In my opinion, Dogecoin is just another normal altcoin and the value of this coin depends a lot on this market so if you have decided to invest in Doge, don't hold for a long time. I am not interested in this coin because Doge does not have any investment benefits and can put you at great risk if the coin drops suddenly. Personally, I will only spend 3% of my total assets investing in this coin and will seek to make a profit as Doge is very easy to raise prices at the end of the year.

Of course, I can lose and affect my profit because if you have accepted investment in Doge, only luck will help you earn good money.

Agree with you, that dogecoin is a normal coin like other coins. Looks like @OP just wants to bring a boost about dogecoin because a few days ago the dogecoin chart was pretty good after Cross MA50 & 100. In my opinion, if you really have to invest in a coin then I prefer bitcoin over dogecoin, because it's useless if the dogecoin chart is good but the bitcoin chart is bad.
Dogecoin should not be the first priority for sure but the coin holds some potential in producing profits. I like the percentage at which its changes its value. It holds good volatility providing an opportunity to make nice profits. Still it lacks a lot. The best is to invest in bitcoin or at least hold some of it in case of diversification. I would recommend going with litecoin and xrp because ethereum is a way too slow.