Hello,
If someone bought the Dogecoin at the highest price, then it is better to wait or change it to other cryptos and make money by exchanges and swap?
Any idea welcomed.
Thank you.
Lets say that someone is you. Now what you will do depends on YOU. You bought when the price was high. You did that because you were expecting it to go even higher. So if you invested money that you could afford to lose, then keep holding till you have reached your profit goal. If you have invested money that you can't lose, then cut your losses short. Exit with whatever you have. You shouldn't have invested in the first place. And now if you can afford to lose, but you see that other coins might give you better opportunity, then swap your coins to those coins. You don't have to keep holding.
Dogecoin has been making a good price increase these days so you don't have to change or swap it into some other coins as there are chances that dogecoin will grow more knowing it has a good community from the start. But if you think that dogecoin will suddenly dump once its hype will be over, because i think it will still be possible, then think twice. After all, you are responsible with your own investments so do what you think is right and will be better for you.
In the end, we ourselves have to decide whether to keep our Dogecoin or replace it with other coins. I am one of those people who suggested
selling Dogecoin immediately and replacing it with other coins. Since we all know that meme coins don't have a clear function, after all,
Dogecoin was originally created just for joke. So it is very risky if we hold Dogecoin for too long, there are many other coins that are better
and can provide large profits. Sometimes we have to dare to take action to make a cut-loss, in order to avoid a bigger loss. But the best thing
we have to do is do our own research and analysis, so that we are more confident in the decisions we will take.