Should I keep or sell Dogecoin?
Should I keep or sell Dogecoin?
Introduction
I've been a Dogecoin (DOGE) holder for years. In fact, I've been holding DOGE since it was worth just a few cents. But lately, I've been wondering if it's time to sell my DOGE and take the loss.
Should I keep or sell Dogecoin?
Dogecoin is a cryptocurrency that was created as a joke in 2013. It was originally meant to be a parody of then-popular crypto currencies such as Bitcoin, but it quickly gained its own following and established itself as one of the most popular cryptocurrencies on the market. Dogecoin has many similarities with Litecoin, including its codebase and block time (1 minute). However, there are differences between these two coins: Dogecoin has a limit of 100 billion coins while Litecoin only has 84 million; also, Dogecoin uses Scrypt algorithm instead of SHA256 like Litecoin does; lastly, their supply curves differ significantly--while Litecoin halves every four years until all coins have been mined (which should happen around 2140), Dogecoin halves every 300 days until all coins have been mined (which should happen around 2040).
Is it good to hold Dogecoin?
So, should you keep or sell Dogecoin?
It depends.
If you're looking to hold Dogecoin for the long term, it's a good choice. The coin has been around since 2013 and has had many highs and lows along the way--but overall, it has managed to stay relevant despite all of these ups and downs in its price.
On top of that, if you believe in crypto as an asset class (as opposed to just currencies), then Dogecoin could be a good investment for you because it's one of the oldest coins out there--and therefore has already proven itself over time.
Should I sell my Dogecoin and take the loss?
If you are a long term holder of Dogecoin, then the answer is yes. You should sell your coins and take the loss because there is no reason for them to go up in price any more. If anything, they will probably continue to decline in value as more people start dumping their coins on exchanges or just holding onto them because they feel like it's a waste of time trying to trade Dogecoin anymore now that its value has dropped so much already in 2019.
If however; if you are just looking to make quick profits off short-term trading then my recommendation would be not sell at all! Even though there has been a lot of market manipulation lately due to some pretty shady stuff going down behind closed doors (I won't get into details here), there could still be some money left over if we look hard enough!
Is Dogecoin ever going to be worth anything?
Is Dogecoin ever going to be worth anything?
You've probably heard the story of how Dogecoin started out as a joke, but it has grown into one of the most valuable cryptocurrencies in existence. It's not uncommon for people to ask whether or not they should invest in Dogecoin. If you're considering investing in this cryptocurrency, then here are some things that you should know:
The value of any currency depends on its ability to be spent or traded for goods and services. In order for it to have any real value at all--and therefore become an investment worth considering--you need people who will accept payment for goods or services using Dogecoins instead of dollars or euros (or whatever other currency you prefer). If no one accepts them as payment, then there won't be much point in owning them yourself either! Because this hasn't happened yet (as far as we know), we can say with confidence that right now there isn't much use case outside of buying stuff online through websites like Amazon where everything costs only one cent anyway.*
Conclusion
In conclusion, Dogecoin is a good investment. It has a lot of potential to grow in the future, and it could be worth a lot more money than it is today. If you have some extra cash lying around then I would definitely consider buying some Dogecoin for yourself!