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Is it worth investing in Dogecoin ?

YetAnotherIndian
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Im planning to buy some crypto. As of now doge feels cheap. Any thoughts?

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Its like a stock market but influenced by memes so ya know only invest if you can live without the money.

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Walk into a casino, throw money in air, pickpocket everyone grabbing the money, hope security does not break your knees

 

 

And thats the doge coin experience but probably more profitable 

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21 minutes ago, YetAnotherIndian said:

doge feels cheap

Don't let price be the reason to buy something.

 

21 minutes ago, YetAnotherIndian said:

Any thoughts?

On the chance this is serious: hell no, unless you like gambling. BTC and ETH reaching many thousands of dollars is more exception than rule. Coins worth a penny do not have any more innate reason to grow than coins worth $10k, so price says nothing. For DOGE the $0.75 that it reached, is already exceptional and a perfect demonstration of pump&dump or hype. DOGE was literally created for the meme and about 14M are created per day, see where this is going?

 

If you have money to burn and want to gamble on crypto, by all means dump some in DOGE. If you've got money to burn, but serious about investing some into crypto go for the relatively "safe" BTC or ETH, or read up on other projects that might be of interest to you.

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IMO open up a Vanguard account, throw what you would put into Doge into VTSAX, make steady monthly contributions for the rest of your earning years, and retire with dignity and security.  

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If you are talking abour serious investments I wouldn't recommend buying dogecoin, I don't think the value will ever increase and be kept this way. Besides it was meant to be a meme coin. I would advise on buying XRP, Ethereum or Bitcoin, Those have high market caps and they do overtime increase in the value and sometimes/mostly dumping but same for pumping. But the Pump n' Dumb scenario applies to every coin or token tbf.

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