I invested $20,000 in dogecoin at .70

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8 Comments

Yes I know im an idiot. I'm gonna hold at this point. It crashed quicker than I could pull out. I figured Elon Musk on SNL would atleast go up from $0.70 to $0.80 I planned to sell the next day. I didnt see a scenerio where it crashed to $0.40

It is a top 4 crypto currency I dont see it dying tomorrow. I just decided to say fuck it and hold. I sold several ETH coins to buy Doge. Am I gonna lose all my money? I believe no one really knows. Everyone makes bold predictions and all Doge predictions have been wrong.

I saw it go from $0.01 to $0.08 and back to $0.02 in a few days before. Then saw it go from $0.15 to $0.50 back to $0.20. Doge has fell of a cliff before some say its just they're healthy corrections. I do think its very possible doge could have another bull run soon and as soon as I make my profit I'm selling and buying back my ETH coins. I cant take the rollercoaster. Ive never gambled this big in my life. If I lose this 20k its gonna hurt.

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Based on 9 votes (2 yes)
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Comments ( 8 )
  • KholatKhult
    2 years ago

    Yeahhhhhh I feel you. But I’m at least hoping you followed the rule of only investing money you can stomach losing.

    My sister does all my stocks and crypto and other monetary shit. Thinkin’ and knowin’ ain’t really my speed. But I do know I’ve got a couple stacks in Doge from a while back.

    Elon Musk had to go put his fat lesbian ass on whatever comedy show and now I have no clue where I stand either

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  • dude_Jones
    2 years ago

    Never put more than 20% of your money in speculative investments. Put the rest in an index ETF (exchange traded fund) like ticker symbol SPY which follows the S&P500. In the long run, you'll beat money market appreciation by a mile. I am a high net worth white man who has made it in this world by working smart and busting my arse.

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  • Somenormie
    2 years ago

    What a waste........

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  • a-curious-bunny
    2 years ago

    Have you even been watching it? It's been jumping between. 40 and 60 for like 3 weeks now. I bought at 49. Got about 600 shares and I'm down 27 bucks or something. So yea don't just buy watch that shit first man

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  • Tommythecaty
    2 years ago

    They are going to tax the shit out of it and make it not worth doing, it’s in the works now.

    Shhhhhhhh 🤫

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  • bigbudchonger
    2 years ago

    You should have bought monero; it's got an actualy practical use.

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  • Indigo1
    2 years ago

    Yeah I bought $400 at 0.70 going to hold all year.

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  • BlackPeople
    2 years ago

    As a black man trying to make it in this world, this would be rough.

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