It's been some time since I have last posted, but that does not mean I have been absent from cryptocurrency. During the recent hype surrounding Dogecoin, I decided to hop on the bandwagon and purchased over 10,000 shares of DOGE. At first, this not so small of an investment seemed promising. My excitement for a huge ROI was stemmed from reading various threads on Reddit about how Dogecoin would reach $1.00 overnight.
I spent almost that entire night checking my Robinhood, I was hoping for a whopping $10,000 ROI overnight. Waking up the next morning I realized, you cannot win them all... My investment was nearly cut in half throughout the next few days as the Dogecoin hype fell, and this is when I confirmed that buying DOGE was a very very bad decision.
If I had left my money in Bitcoin and continued to buy Bitcoin, my profits would have been favorable. I will no longer buy any Dogecoin after this experience, bitcoin will be my main priority.
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It is always a very risky game to catch a moving train. Glad you didn't lose much. But then, there is still a possibility that it will reach $1 in the future.
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I keep looking at the price and consider buying back in, maybe mot as much though.
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yes i do it, i bouth doge when it down enought
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I agree that it can be profitable when bought and sold correctly.
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A wise decision to return to Bitcoin, I am one of those who thinks that if you are going to keep something that is as solid as possible, I am not saying that you do not have to buy other currencies in fact there are tokens that if you follow the history they have a higher percentage yield than any crypto. But we are in this world. Get up, shake off and keep playing.
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Thanks for the advice.
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