Quote from: Suzane007 on December 20, 2020, 08:31:02 PM

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.

You shouldn't keep doge coins, that's my advice. Doge coin is not suitable for long-term investments. Doge coin is suitable only for short and profitable trades, so you can make a profit.
Not sure what in the future doge coin will develop well, everything is very ambiguous and nothing really confirms. Doge developers they don't paint the future for it. So keeping them for a long time carries a very high risk.

infer

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