Doge made a lot of people millionaires due to Hype from the bullmarket of 2020. Another reason was Elon Musk tweeting out about Doge. Many people have asked me, what I thought about Doge when it hit 60+ cents. I told them specifically that this Crypro has no use case and should take profit as quick as possible.
The problem with Doge
- Big Investors will invest just to make money but will not commit 100%. Many big investors took the money and ran, leaving many people Holding "BAGS"
- It is a MEME coin, it already has a bad name to it.
- It is inflationary, It has unlimited supply. The inflation rate is 5 billion Doge per year or around 4.1% inflation rate which is Higher than the US dollar.
Take advantage
- Personally, if another rally will occur, I will invest in Doge for short term gains. It is mostly short term which is invest, wait for the pump, and take profit.
This is my Personal View base on Experience with Crypto for about 4+ years.
Thank you!
The problem with Doge
- Big Investors will invest just to make money but will not commit 100%. Many big investors took the money and ran, leaving many people Holding "BAGS"
- It is a MEME coin, it already has a bad name to it.
- It is inflationary, It has unlimited supply. The inflation rate is 5 billion Doge per year or around 4.1% inflation rate which is Higher than the US dollar.
Take advantage
- Personally, if another rally will occur, I will invest in Doge for short term gains. It is mostly short term which is invest, wait for the pump, and take profit.
This is my Personal View base on Experience with Crypto for about 4+ years.
Thank you!