So, I'm thinking of buying Doge coins again. The last I invested on Doge, I got good returns in 2021 when I sold everything.
I know this is mostly a gamble but nevertheless.
Do anyone feel the same way about Doge coins being a good investment option?
Any altcoins as of now are not a good investment considering the way the markets are operating right now. I am a fan of Dogecoin and I in the early days did have a good amount of that coin. I sold them when they first started pumping and haven't bought any of them.
What I am trying to convey to you is that there will be a big market crash in the coming months or days. If you can take the risk and keep on holding the coins till the market recovers then you should buy them. Otherwise except for Bitcoin and Ethereum avoid investing in any other coins.
Why, how is the market acting right now? I am not into altcoins, so I don't check their price that often. I am only with BTC and I can see that BTC's value right now is in good shape, so I guess the value of the altcoins are in good shape too but there are people who actually think that that was a bad time to invest.
I think the same people who don't do a DCA because DCA is the act of buying coins at any price point and it's a popular method right now, which means a lot of people are doing it. Apart from BTC and ETH, there are still good altcoins which are worthy to invest in. Believe it or not, DOGE is among it because it isn't the only first time it pumped up but another set of pumps have happened after some time and many believes that it will occur again.