Quote from: jeha2015 on December 23, 2023, 07:53:12 PM

However, I see many people experiencing losses on Dogecoin because of their own greed. Greed is a wonderful drug, Because Greed is a very crazy thing. If your new life of financial freedom from highly risky betting isn't enough to convince you to make money, then you're destined to lose it all. This is very sad and shows the importance of having a sensible exit strategy. There's no harm in selling early, as long as you make more than you started with.

Elon has convinced many people so that many people are competing to collect Dogecoin but in the end it is Elon who destroys Dogecoin.

Everybody wants to make money. It doesn't matter what kind of investment people get into, as long as they get a lot of money in return. Foolish investors bought DOGE hoping it would further increase in price after Elon Musk's endorsement. But things have been going the "wrong way" for quite some time now. The "meme" coin is unable to get close to its ATH of nearly $1. It will never get there, unless BTC turns bullish for a long period of time.

Consider yourself lucky if you got into Dogecoin before the "pump" of 2021. You would be in "the loss" if you bought the coin during its ATH. It's not recommended to go all in right now due to market uncertainty. Without use cases for Dogecoin, I'm afraid it will be heading back to sub $0.01 prices. It was good while it lasted, right? Cheesy