Post
Topic
Board Altcoin Discussion
Re: Who lost money due to dogecoin?
by
EarnOnVictor
on 23/12/2023, 12:31:15 UTC
I lost. I kept it for a few years but decided to sell it at some point. I haven't lost too much so I don't really regret it, but still. I don't believe that it will be near it's previous ATH again.
Oh, sorry about that, I never lost in any cryptocurrency, and the reason is that I have been around of the investment for a long, so I got to know when the dangers are coming. Dogecoin was a very good name in the last bull run and opened the door for many other meme tokens due to its success. Many made their millions of dollars with a few thousand, this is just as some would lose too. The only difference here is that some are more informed than other people while the other people are lucky as some might even gamble in the market and still get to win. But really, it is good that we know what we do in the market, not that we just gamble our money, that is what causes many losses. Imagine those who were just hearing of dodge coin when it is nearing its all-time peak.

Such would believe that since others are making money from it, they too can. But that is not how an investment works, there are seasons, and if you invest at the wrong season, I'm afraid, you will lose. But for how cryptocurrency is, everyone that still waits for a good one like Dogecoin might eventually gain back their money if they can be patient. And for you who lost a little then, you might want to invest back again, you can't lose if you hold it for about 1.5 years.