Should I sell dogecoin or hold it?

in #cryptocurrency7 years ago

hey guys 

20 days ago I buy 30000 Dogecoin @115 sat 

But now it going down and down , and now only 80 Sat.

now I am afraid about it cause my all money here, 

I don't know what I do, sell or keep it & waiting ? 

please all suggest me , I am new in trading 

what Should I do ? 


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Nobody can expect market goes where if you can hold then don't keep it in exchange if not then sell half and buy other better coin like sia coin not now just watch the market may be it will go further down ....

thank you

Hi Fair, if you plan to hold on for at least a year the price going down won't affect you much. Since a lot of coins like Dogecoin (which I also have) are tied to Bitcoin, it's important to study Bitcoin very well. If you believe Bitcoin will go up higher than it is now or the time you bought Dogecoin, then you will have no problem just holding on to it right now.

thank you for advice

@fairgirl If you are in no hurry to use the money, I suggest you hold (or HODL as they say in crypto jargon). The price will eventually go up.

Solid article. I was about to post a similair thread. Buy low, sell high, it seems so simple but most investors still don't seem to get it :-) I found this great website: https://www.coincheckup.com They give great insights in the team, the product, advisors, community, the business and the business model and other techincal insights. For example: https://www.coincheckup.com/coins/Dogecoin#analysis For a complete Dogecoin Research report.