I have some DOGE, received from faucets. Not much just around 500.
After the increase in the transaction fees of BTC, I have thought of converting my BTC and LTC to DOGE for the transactions and keep them as DOGE. On the second thought, I thought of converting my DOGE to LTC and keep.
I have gone through some articles about DOGE's future price and I got some 50-50 opinions. I discussed with my friend and he suggested me to hold till mid-2021, I can't say why till mid-2021.
It's true that many sites have started accepting DOGE, thus it is getting popular so there is a chance that the price may increase. Still, my knowledge says there are certain loopholes like there is no upper limit in mining DOGE and it is still much easier to mine compared to others. In short, the demand & cost curve is a bit of a failure here. Though one can't say what might happen after 20 years.
Here I want some expert advice on this. Whether it is a good idea to convert and hold or keep my DOGE reserve constant.
Well, if you hold Dogecoin to this date of your posting, obviously you already earn good as well. But if you don't have any dogecoin by this time then at the price of Dogecoin now, of course you already missed the opportunity. But at this point of time, at the present have in the market Dogecoin still hard to determine if this will gonna kick its price again as everybody expecting it, if you are one of the holders of course. This would always depend in your choice and belief about it.