I sold 75% of my holdings today as I was up 17,000%. Can’t be greedy and the price growth is insane, has to come down at some point.My bro bought Dogecoin back when it was worth very little. He's got about $7000 worth currently.
I got some off him for about £80 a couple of months back and it's currently about £650. Wondering whether to hold or sell.
Yeah, it's just accepting if I sell now and it goes up, then I missed out - but I still made a decent profit!I sold 75% of my holdings today as I was up 17,000%. Can’t be greedy and the price growth is insane, has to come down at some point.
This is it, look at what you did gain rather than could’ve gained. Because equally it could go the opposite way, and eventually will, like your shares didYeah, it's just accepting if I sell now and it goes up, then I missed out - but I still made a decent profit!
Moreso than my shares which dive bombed.
No mate, I've not bought it on any platform yet. Was figuring out how to add funds to my Binance account but got told to leave it at the time, and I'm leaving whatever I have in Coinbase as it is.
awww man why'd i have to be at work when it hit 51k. buy buy buy!
OK, so say you plugged £1k into BTC at $52k.
You only double your £1k when it hits $104k.
Why not donk your £1k into an Alt coin that may triple your £1k in 1/5th of the time?
aaron if you need any binance help shout meNo mate, I've not bought it on any platform yet. Was figuring out how to add funds to my Binance account but got told to leave it at the time, and I'm leaving whatever I have in Coinbase as it is.
I'll have another look later if I remember.
Expecting BTT to rocket?
I am NOT a financial advisor and this is NOT financial advice. If you read this post and still YOLO into DOGE, I wish you hella profit. Your success will never affect mine.
As Dogecoin has hit $0.45 recently, I’ve seen a lot of members in this sub argue back and forth why Dogecoin is a good investment.
I’ve even seen a user state “Dogecoin will be #2 soon. People literally don’t understand the value of memes. Humor will never get old nor go out of style”.
Now before the Doge army downvotes me into oblivion, let me explain myself.
Bitcoin has a supply limit. No coins can ever be added above 21 million, so it is considered a good store of value. Unlike Bitcoin, Dogecoin is inflationary and has no supply limit. Each minute, 10,000 Doge is added into the network. At this rate, miners add more than 5 billion coins per year.
Think about that. Each minute, 10,000 DOGE have to be bought just to keep it at the same price.
Now I know what you might be thinking; Doge is only $0.45, that only equals $4500 per minute! What you do not think about, though, is the fact that this crypto has no utility. Yes, it can be spent, and yes, it is pumped by Elon Musk and Mark Cuban. But other than that, it really isn’t utilized. You know why every person I know is invested into it in the first place? To make money. That’s it.
To compare, let’s take the US Dollar. This sub knows that the USD has been a much less than optimal store of value over the years. Let’s compare the inflation rates to Dogecoin.
From 1913-2021, the US Dollar has had an average inflation rate of 3.10%. (Has been MUCH worse since COVID, but that’s besides the point.)
With Dogecoin’s supply addition protocol, the inflation rate over the past years has been 4.68%. Now of course the set amount added is static, so theoretically the inflation rate would decrease over time, but this is still less than optimal.
I made this post to protect the new ones entering this space and being attempted to throw a substantial amount into DOGE. If your goal is to make a long term investment, look elsewhere.
Now don’t get it twisted; I’ve made money from DOGE too. But it is a short term interest coin and a pump and dump coin - I believe it should be treated as such.
Lastly, this isn’t a comparison to any other coin. I’m just providing a bit of information to those new members who flock to any coin shilled to them.
I wish you all the best, and please research coins before you throw money into them.
Solid effort, pretty much sold at the top give or take a couple of cents! Well doneWe cashed out our Doge ther other night when it managed to climb up to $0.40, but for a tiny bit left.
Not sure on what the initial investment was because my brother bought it not long after it first came out, but we came away with just over £5.5k in total.