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Will it Be Profitable to Invest in Doge?

  • Thread starter Thread starter Salt
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Salt

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I have opted for Doge while taking payment from some of the faucets although its a very small amount but I would like to know if it will be wise to invest in this less popular currency and what are the chances of earning profit from it.
 
In my research, I learned that Dogecoin could be a very profitable one. It is simply because it is now appealing to many investors and by the year 2025, Dogecoin will be one pf the most widely used cryptocurrencies. This means to say that Dogecoin is the bright future of cryptocurrency.
 
I don't think investing in Dogecoin will be profitable considering the fact that it has unlimited supply and every minute 10k new coins are added to the network.
 
Nomad said:
I don't think investing in Dogecoin will be profitable considering the fact that it has unlimited supply and every minute 10k new coins are added to the network.
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Oh, I see, so better not to invest in dogecoin if that was your observation. It is not good to fall into their trap.
 
While I am not an expert and finance guru, I believe Dogecoin is too dependent on Musk for the price. Musk on the other hand is not an expert in crypto. If he was he wouldn't be selling his BTC at loss.
 
Nomad said:
I don't think investing in Dogecoin will be profitable considering the fact that it has unlimited supply and every minute 10k new coins are added to the network.
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I also feel the same now as its value is dipping and not many users are interested in buying Doge so better to look for BCH, BTC or ltc
 
I think investing in Dogecoin would be very profitable because it is one of the best meme tokens beside Shiba Inu, beside that Dogecoin is backed by Elon Musk which can help it grow more.
 
Imran Noori said:
I think investing in Dogecoin would be very profitable because it is one of the best meme tokens beside Shiba Inu, beside that Dogecoin is backed by Elon Musk which can help it grow more.
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If Musk was actually a Crypto investment expert, why did he lose his investment in BTC? Don't go by influencers while investing in crypto.
 
Elon Musk's support can drive mainstream adoption and potentially establish Dogecoin as a widely accepted cryptocurrency. I think it would be profitable.
 
Salt said:
I have opted for Doge while taking payment from some of the faucets although its a very small amount but I would like to know if it will be wise to invest in this less popular currency and what are the chances of earning profit from it.
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Doge is a very good crypto and I think it is good to invest in it. It has a bright future
 
I won't mind investing in doge but for past sometime I have seen a rapid decline in its value so not sure if we should risk it
 
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