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Why should I buy dogecoin?

Discussion in 'CryptoCurrency' started by revanyo, Feb 24, 2014.

  1. revanyo

    revanyo Junior Member

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    Everyone seems to be saying that you need to buy dogecoins as soon as possible. However I have been checking the price of dogecoins everyday for about two weeks and have not seen anything to get me excited. The highest I saw it get was .0020 doge/btc and it seems it fluctuate around .0017 and today it is at .0011.

    So are people buying a lot on a day like today. Lets say I buy 1000 dollars worth and when it get back to .0017 sell them off? Or are they simply buying like 5,000 now in hopes that in a few years it can reach like .50 dollars?

    Also am I the only one who is not sold on doge coins?
     
  2. zx123

    zx123 Senior Member

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    If you can buy them now 1000$ at this price is good and wait 1 year to see a good result. If you think that you can make some money in just few weeks you are in bad way.
    I suggest you to use faucets and get some free coins. Faucets like dogefaucet.eu give you up to 1000 doges instantly just completing survives.
     
  3. PandaDomo

    PandaDomo Senior Member

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    I bought up about 200K or so over the last few weeks during the decline.

    I don't see why not, it's a cheap investment and it might go somewhere in a year, who knows.
     
  4. Carepolice

    Carepolice Power Member

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    This is all gambling, plain and simple.
     
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  5. revanyo

    revanyo Junior Member

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    Finally a high ranking member speaking the truth.
     
  6. Execute

    Execute Supreme Member

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    Well as long as you don't go crazy with investment it is a cheap way to be part of the cryptocurrency age. A lot of people that have jumped on dogecoin are those that missed out on the bitcoin surge and are hoping for an increase.

    But yes, it is definitely gambling lol, but most things in life are too some degree if you are unsure of the outcome.
     
    Last edited: Feb 24, 2014
  7. Raccon

    Raccon Regular Member

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    You should listen to people, but also u need to turn the brain on and take a look on new currencies, which are rising fast. Investing in brand new currencies may become a very profitable business.
    P.S.: I did not tell you about MintCoins. Definetly, I don't...
     
  8. JasonS

    JasonS Jr. VIP Jr. VIP

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  9. cindyrose888

    cindyrose888 Regular Member

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    i RATHER focus on internet marketing. Bitcoins / DOG Coins prices fluctuate fast especially for my WEAK HEART :eek:
     
  10. ebusin3ss

    ebusin3ss BANNED BANNED

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    worst you can do because of 3 reasons.
    1.No real supporters just investors trying to make quick money without work
    2.No real backup/backend which would justify a value of $ 61,899,646
    3.trojan horse (like all cryptos) to install digital currency which is a bankers plan


    You could say only Bitcoin and Litecoin has real value.The rest is just a ponzi where the last will burn all his money.
     
  11. ore3khf

    ore3khf Newbie

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    Dogecoin was supposed to be a joke but it rose up. Do remember that there's equal risk in gambling and investing in dogecoin.
     
  12. hateandbreak

    hateandbreak Supreme Member

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    Makes me sad knowing I missed Bitcoin. Maybe this one might be worth a small investment for the time being.
    There's an array of different currencies coming out
     
  13. manking

    manking Regular Member

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    People suggest to buy them so that more people jump in. Digital Currency works like that the more people mining and doing this increases the value of these coins
     
  14. ibmethatswhoib

    ibmethatswhoib Jr. VIP Jr. VIP Premium Member

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    Something something moon
     
  15. cindyrose888

    cindyrose888 Regular Member

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    Trading = Gambling.
     
  16. rodvan

    rodvan Jr. VIP Jr. VIP

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  17. luc1fer

    luc1fer Junior Member

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    i would invest in litecoin because its only serious after btc and wait it to hit 100$ then profit your investment 5-6 times..
    dogecoin is cheap now but very unrealistic it will reach some price soon to make people millionares..
     
  18. Saber7

    Saber7 Newbie

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    The main difference I see between Doge and all the other alt coins is the community around
    each coin. The Doge community is much more diverse and opening to newcomers, attracting
    a different demographic. One that actual promotes the coin as a means of barter, where as many
    other alt coins are simply pump and dumped for profit.
     
  19. myinternetempire

    myinternetempire Jr. VIP Jr. VIP

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    Can you mention about few more faucets which are giving free Dogecoin?
     
  20. DavidAD

    DavidAD Junior Member

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    You shouldn't. There're plenty of better coins to invest in