Is dogecoin Profitable?

[Enxx]

Last year some people make lots of profits with dogecoin when they saved there money in dogecoin. But now the price of the coin as gone far below $0.1. Thank God that the price is now coming up.
Can we still make lots of profits with dogecoin?

 

[Golden9]

You can but it's not easy in a bear market. The best coin to get now is Bitcoin and you can rotate profits after the bear is over to altcoins.

 

[Niyi Briggs]

I think all these altcoins are the greatest casualty of the bear market. Hopefully, we have a sustained bull market.

 

[nomad]

I don't think dogecoin is profitable because it is in unlimited supply and every minute 10k dogecoins are released.

 

[Imran Noori]

Last year some people make lots of profits with dogecoin when they saved there money in dogecoin. But now the price of the coin as gone far below $0.1. Thank God that the price is now coming up.
Can we still make lots of profits with dogecoin?

I think Dogecoin could increase more because it is backed by Elon Musk.

 

[Raja]

Not it's not profitable and if it'll be it's only for a very short time.

 

[SHAHID987]

In my view bitcoin is somewhat leading coin which always gives profit provided we keep our eyes on it so closely.

 

[hastral45]

As the price of bitcoin is picking gradually, it has reciprocal effect on the price of dogecoin as well.

 

[Suba]

The current price of Dogecoin is $0.07084, ATH $0.7376 was reached on May 08, 2021, so to date the price of Doge has fallen by 90.40%. If we predict using the Trendline then it is estimated that the Doge price on Jan 14, 2023 will be $ 0.0515

 

[Hate2Wait]

I don't think it's profitable and it'll be a bigger risk to invest a higher amount in Doge

 

[hastral45]

I don't think it's profitable and it'll be a bigger risk to invest a higher amount in Doge

If you don't know much about crypto trading or behavior, it is better to desist from it. Because they carry alot risks which can wipe out your fund within blink of eyes.

 

[Suba]

As I have predicted that the price of Dogecoin will decrease, so now is not the right moment to buy Dogecoin. Investing in crypto must have skills.

 

[Stardom22]

Though not too much involved in crypto currency but I think bitcoins has some hopes of it being promising as it is likely to shoot in 2023.

 

[Suba]

Though not too much involved in crypto currency but I think bitcoins has some hopes of it being promising as it is likely to shoot in 2023.

Even though Bitcoin is the most promising, we need to diversify our investments with the aim of reducing the risk of loss, so we also need to invest in altcoins.

 

[Hate2Wait]

If you don't know much about crypto trading or behavior, it is better to desist from it. Because they carry alot risks which can wipe out your fund within blink of eyes.

Yes I understand and lost more than $30 with it but I like to learn and get better at it.

 

[cherry123]

You can but it's not easy in a bear market. The best coin to get now is Bitcoin and you can rotate profits after the bear is over to altcoins.

I have always thought same that Bitcoin is a lot better to invest in then others.

 

[Hate2Wait]

I don't find anyone from India that can guide us about Bitcoins and how they are taxed because I'm still not sure about it

 

[cherry123]

I think sometimes it is good to just try this things out to have a personal experience and know about it

 

[hastral45]

I fear to trade on anything cryptos. They are not stable. They are volatile in nature. Ans as such, it poses more risks.

 

[puroypoi]

Hmmm, I think if you invested there a huge amount sum of money, maybe you can earn good profit, especially if one knows how to trade.