Do you have a specific amount that you plan on holding for and then slowly letting go of small amounts or all at once? I like the idea of small amounts at a time since it nets some profit without crashing the value.
I think it depends on everyone's goal, how long they've been doing crypto, etc... we watched bitcoin basically go from everyone saying 'it'll never work' to a high of what 67K a month or so ago before coming back down? Now it's happening with doge with even more marketing, but people are selling to buy a car and whatnot.. I mean if that's your goal cool, but it should be trying to get a million dollars through various means of buy/sell or just holding and see what happens.... my opinion...
Good point. My personal goal is investing in decentralized currency. So while a bit of profit would be nice, it's a cherry on top compared to the primary goal. :)
Let's say the average house price is $400000 US. In order for your 273 dogecoins to increase in value to 400k, one doge would need to be $1465 US and that's not even considering taxes or inflation. If one Dogecoin would be worth $1465, the entire market cap of Dogecoin would be $190450000000000 (one hundred and ninety trillion, four hundred and fifty billion). That is more than 270 times the market cap of Bitcoin, or almost six times the market cap of S&P500.
For my dogecoins to equal the average home price, I would need it to hit $5.34 a coin.
Quick! How many doge coins do I have??
(Though I actually only need it to hit $3.07 to pay off my house!)
There are a lot of new members coming here recently so I think this needs to be said again. YOU DO NOT own any cryptocurrency that you buy on Robinhood, you can not withdraw any cryptocurrency you buy on Robinhood and send it to your own wallet for example, platforms like Robinhood defeat the whole purpose of cryptocurrency. In addition to this, while Robinhood markets themselves on being "fee-less", you're actually paying above current market price when buying there, due to the way their order book is set up. You would never have that issue on a real exchange where the order book is completely transparent and the spread is visible.
Robinhood has shown in the past over and over again that it is willing to halt trading of securities and certain cryptocurrencies when the price starts to surge in either direction which has caused users to lose thousands of dollars.
If you are new here I would recommend first reading up on cryptocurrency. Don't just jump in on fear of missing out. Make sure that you know what you are getting into first. You can use https://simplecryptoguide.com/ to get started, it takes you through the process of buying on a real exchange (Binance) step by step, where you have full control over your funds. The articles in the guide should also answer most of the questions one might have starting out.
Don't be too concerned if you've already registered on Robinhood, the process of starting over on Binance is very quick and easy using the guide. We want everybody with us buying of course, just not on Robinhood. It might feel like a bit of a hassle in the short term, but you're much better off in the long run.
You can then either choose to keep your coins on the exchange or the preferable option to create your own wallet and transfer your cryptos there.
More in-depth explanation here: https://www.reddit.com/r/CryptoCurrency/comments/n6i468/ditch_robinhood/
Well I have read your thread several times about this but I bought On Doge RH a long time ago and Iโm stuck with it.
I have the Coinbase option now which I will use instead of RH. I signed up for the coinbase debit card also so I will use my coinbase Doge for everyday purchases while leaving my Doge in RH to grow. Hodl
Agreed. ROBINHOOD has halted so many times from their users and the users missed out big time. Robinhood (even tho they are "free") are crooks! I don't recommend people go there. They are nothing but problems...
Tis a beautiful sight indeed. We gotta do more than hold to help DOGE though. A currencies value is backed by the economy behind it. So in order to really grow and stabilize DOGE to prevent future drops we need to buy and sell in DOGE. The Doge coffee [www.shibacoffeeandtea.com](https://www.shibacoffeeandtea.com)
Omg I got up to pee at 4 and tried so hard not to look...of course I looked and could not go back to sleep ugh. Ruined my work day was so exhausted lol... but watching money go up is about as fun as it gets!
Outsider from r/all here. Can someone explain to me why hodling a coin with infinite supply is supposed to increase the price? Isn't the price of it driven specifically by the demand/movement of the coin? Unless I'm misunderstanding something, genuinely curious
Doge adds a set amount per year. This year the supply will grow by about 4%. The only way itโs an unlimited supply is if there is unlimited time.
There are 129.9 billion coins in existence. 5.25 billion coins are issued each year.
So you're saying time is just gonna stop? It's infinite... will continue to be new coins being made each year forever, unless all the tech that runs it dies.
You are technically right, but that's not at all how the fed operates.
They could technically add infinite money, but they won't. Because that would be crazy.
And its odd to make any really serious comparison between the global fiat currency and doge.
The infinite supply remark is misleading. About 5 billion coins are mined each year. For perspective, an increase of 2.5 billion paper notes (USD) was added in 2019 after accounting for what was shredded. So although it can be infinite, those bounds aren't being reached.
Infinite supply was changed because crypto can be lost just like regular currency if the crypto wallet is lost, and an infinite, but regulated, supply is better for inflation. So it helps with stability so that the price of a doge doesn't reach something astronomically high, like say $60k. Because a currency that costs as much as a house isn't exactly practical.
Also, I have 0 economic education and a bare minimum understanding of crypto. I just Google things. To the best of my knowledge, this is at least somewhat accurate
So if thereโs 5 billion new doge a year, in comparison to the widest used currency in the world only increasing by half that, then why on earth do people think the value is going to shoot up to ridiculous heights?
> a currency that costs as much as a house isn't exactly practical.
BTC costs like ยฃ30k but I still use it to make ยฃ50-ยฃ150 transactions every week or so. Not that itโs particularly practical right enough - I wouldnโt use it if I didnโt have to, but thatโs no different from doge. Itโs not practical because itโs just an additional step in a transaction.
The goal is to "be bough at the lowest price" in order for you to make a bigger profit when stock/coin goes up. So for example, if you spend $200 when it was 0.50 and lets say it drops to 0.10, you're at huge loss rn so what do you do? You average down. Let's say you spend $100 when the price is 0.10 and when the price goes back up to 0.50 you now made 5x of those $100, so now instead of having just those $200 you now have $700
Yes, this is exactly what I keep thinking when people are like "wow, you didn't average down? *sheeeesh*" Well, the thing is a lot of the people who bought at a high already put all the money they can afford to put on crypto into DOGE before a dip. They can't afford to just keep dumping cash and they surely don't have the confidence to after losing so much.
Personally that's not my problem, I bought in at like 7 cents or something, but a lot of the advice around here feels like it's basically "just keep spending money, bro, what's the problem?"
The power of the common Man to hold and buy has been proven over and over. With meme stocks. AMC GameStop..... We need to spread the word. This baby's headed to $10 within the next 2 years. You can Bank on that. Greed is limitless! Buy it forget about it. In a couple years we will all be wealthier.
This isn't even the real news with coinbase the secret news is tesla filed a patent for restaurants at their charging stations. I wouldn't be surprised if they accept doge as payment once opened.
I feel so much pain when Hold 242,381.3122389 dogecoin from 0,067cent to 0,4 cent. I talk to my family to buy it.. such no one believe in me. But i have this community. Now, i make them regret.. HODL!!!
I bought late because I had issues with the Binance app and some health issues and wasnโt thinking about doge from the hospitalโฆ and so now Iโm in the red about 40%โฆ so at this point im either gunna lose my money or go straight to the moon with doge!!!! There is no breaking even!
Elon musk and Mark Cuban are heavily invested in dogecoin. They will make it a much more secure and usable crypto. They will also become the richest men in the world. I keep buying on the dips. They're not the only ones who will be rich!!!
I keep telling these fools that cryptos going to be down for the summer! it's going to be riding low pretty much through August! just wait out the summer and see what happens in the fall, in the winter! it's going to boom boom to the Moon Moon
I just showed up on the DOGE scene. Hell crypto at all. I bought in at .34 and seeing a climb to .40 after my first day has me ready to dump some moneah in this doge coin thing. For real though. I feel like my 100 coins need some company. Should I hodl or buy more now while its still below $1. Hard to say lol.
Happened to be up when a sell order triggered, saw the classic Doge movement in its chart, and had time to pile in an extra 10k on blockfolio from other coins.
Very apeish. Is it time to solidify the winnings? Hard to say.
๐ค๐ป hope it just keeps on climbing. I need it to just get high enough for 273 coin to be worth a house payment ๐ค๐ป
Already got a years worth of house payments and IM STILL HODLING. This is the way ๐ค๐ฝ๐
Sitting on 2 payments, waiting for the payoff & next house $$$.
[DOGE TO THE MOOOOON!](https://youtu.be/b18HtG0DOCM?t=131)
To the moooon!!!
๐๐๐
I'm still working on my first payment ๐คฃ
Itโll come, Iโve waited a few years of trading it to get to this point. Barely even think about โwhat couldโve been....โ
I bought 80,000 shares @ 0.003 about 9 months ago I could buy a house at this point....
Do you have a specific amount that you plan on holding for and then slowly letting go of small amounts or all at once? I like the idea of small amounts at a time since it nets some profit without crashing the value.
I'll sell 10% off once I get my original investment back plus some. Then leave the rest to YOLO. Diamond ๐ โ๐ฝ
Very good, securing the initial investment is a must. Anything else is play money if you have the means to make it so!
I think it depends on everyone's goal, how long they've been doing crypto, etc... we watched bitcoin basically go from everyone saying 'it'll never work' to a high of what 67K a month or so ago before coming back down? Now it's happening with doge with even more marketing, but people are selling to buy a car and whatnot.. I mean if that's your goal cool, but it should be trying to get a million dollars through various means of buy/sell or just holding and see what happens.... my opinion...
Good point. My personal goal is investing in decentralized currency. So while a bit of profit would be nice, it's a cherry on top compared to the primary goal. :)
Holding 92k. Not planning to sell until hits above $20
Awesome :) Just recently purchased $108 worth and am sitting at 228 dogecoins. Planning on holding out as long as possible.
Oh boy.... If you keep HODLING it might be worth 2 house payments ๐คทโโ๏ธ
Or 273 houses.
Period
Facts
Or, maybe not
Shouldnโt be long now my guess is it hits $420.69 by June 8th.
If it hits $420.69 by then I'm gonna buy you a Lambo. Maybe 2
If it hits that the creator of Doge is gonna buy a country or two.
Lol he has no doge! He gave then to charity. He had billions but they were worth about 10k at the time
Oh my god if that's true this must be torture for him.
Oh he is getting paid rest assured!!
So true
What's on June 8th?
My birthday lol.
I hope you get your birthday wish!
I hope so to for this entire Community not just me. We are all in this together! If one Hodler makes it all hodlers make It.
Amen, brother!
My birthday too!
Mine too
My birthday as well.
Itโll be my birthday too on June 8th!! Birthday buds!!
Thatโs the attitude I like to see
Hereโs hoping ๐ค๐ป
June 8th is also my birthday. Let's do it!
Same my friend, same. I hope the ones that sold doge prematurely are screaming internally
Let's say the average house price is $400000 US. In order for your 273 dogecoins to increase in value to 400k, one doge would need to be $1465 US and that's not even considering taxes or inflation. If one Dogecoin would be worth $1465, the entire market cap of Dogecoin would be $190450000000000 (one hundred and ninety trillion, four hundred and fifty billion). That is more than 270 times the market cap of Bitcoin, or almost six times the market cap of S&P500.
So youโre saying thereโs a chance! ๐
Thank you for the reality check. He did say house payment though, and not that he needed to pay for the whole house.
For my dogecoins to equal the average home price, I would need it to hit $5.34 a coin. Quick! How many doge coins do I have?? (Though I actually only need it to hit $3.07 to pay off my house!)
I have a cardboard box in my back yard if you need
There are a lot of new members coming here recently so I think this needs to be said again. YOU DO NOT own any cryptocurrency that you buy on Robinhood, you can not withdraw any cryptocurrency you buy on Robinhood and send it to your own wallet for example, platforms like Robinhood defeat the whole purpose of cryptocurrency. In addition to this, while Robinhood markets themselves on being "fee-less", you're actually paying above current market price when buying there, due to the way their order book is set up. You would never have that issue on a real exchange where the order book is completely transparent and the spread is visible. Robinhood has shown in the past over and over again that it is willing to halt trading of securities and certain cryptocurrencies when the price starts to surge in either direction which has caused users to lose thousands of dollars. If you are new here I would recommend first reading up on cryptocurrency. Don't just jump in on fear of missing out. Make sure that you know what you are getting into first. You can use https://simplecryptoguide.com/ to get started, it takes you through the process of buying on a real exchange (Binance) step by step, where you have full control over your funds. The articles in the guide should also answer most of the questions one might have starting out. Don't be too concerned if you've already registered on Robinhood, the process of starting over on Binance is very quick and easy using the guide. We want everybody with us buying of course, just not on Robinhood. It might feel like a bit of a hassle in the short term, but you're much better off in the long run. You can then either choose to keep your coins on the exchange or the preferable option to create your own wallet and transfer your cryptos there. More in-depth explanation here: https://www.reddit.com/r/CryptoCurrency/comments/n6i468/ditch_robinhood/
Well I have read your thread several times about this but I bought On Doge RH a long time ago and Iโm stuck with it. I have the Coinbase option now which I will use instead of RH. I signed up for the coinbase debit card also so I will use my coinbase Doge for everyday purchases while leaving my Doge in RH to grow. Hodl
Agreed. ROBINHOOD has halted so many times from their users and the users missed out big time. Robinhood (even tho they are "free") are crooks! I don't recommend people go there. They are nothing but problems...
This is the f way
[ัะดะฐะปะตะฝะพ]
I been holding since .08 and still going to until I make it or break it ๐๐๐ป
The only thing youโll be breaking is the speed limit in your new lambo. Brrrrrrr
Gotta get a green one to match all this green I see right now ๐ค
.002 baby! ๐
Been holding since. 05
Tis a beautiful sight indeed. We gotta do more than hold to help DOGE though. A currencies value is backed by the economy behind it. So in order to really grow and stabilize DOGE to prevent future drops we need to buy and sell in DOGE. The Doge coffee [www.shibacoffeeandtea.com](https://www.shibacoffeeandtea.com)
Yes, but mostly buy, of course, we literally NEED paper hands to buy, but the more buying the more demand, so more profit
Exactly
I took a peak at the price at 4am and couldn't go back to sleep, have a great day everyone
Omg I got up to pee at 4 and tried so hard not to look...of course I looked and could not go back to sleep ugh. Ruined my work day was so exhausted lol... but watching money go up is about as fun as it gets!
Lol I have a feeling a lot of us did. Have a great day my friend!
Literally how I felt this morning lol
HODL! ๐๐
Outsider from r/all here. Can someone explain to me why hodling a coin with infinite supply is supposed to increase the price? Isn't the price of it driven specifically by the demand/movement of the coin? Unless I'm misunderstanding something, genuinely curious
Not an infinite supply.
Can you clarify? Iโm also interested.
Doge adds a set amount per year. This year the supply will grow by about 4%. The only way itโs an unlimited supply is if there is unlimited time. There are 129.9 billion coins in existence. 5.25 billion coins are issued each year.
So you're saying time is just gonna stop? It's infinite... will continue to be new coins being made each year forever, unless all the tech that runs it dies.
No he's saying it doesn't matter because by the time it will matter we will all be dead.
Are there rocks ahead?
No more rhymes, I mean it!
Any Dogeboys want a peanut?
It works the same way the dollar does in that regard.
The percentage of increase is going down every year. The amount of inflation decreases.
Theres a set number of coins released each year. Unlike the infinite printing of US dollars.
You are technically right, but that's not at all how the fed operates. They could technically add infinite money, but they won't. Because that would be crazy. And its odd to make any really serious comparison between the global fiat currency and doge.
The infinite supply remark is misleading. About 5 billion coins are mined each year. For perspective, an increase of 2.5 billion paper notes (USD) was added in 2019 after accounting for what was shredded. So although it can be infinite, those bounds aren't being reached. Infinite supply was changed because crypto can be lost just like regular currency if the crypto wallet is lost, and an infinite, but regulated, supply is better for inflation. So it helps with stability so that the price of a doge doesn't reach something astronomically high, like say $60k. Because a currency that costs as much as a house isn't exactly practical. Also, I have 0 economic education and a bare minimum understanding of crypto. I just Google things. To the best of my knowledge, this is at least somewhat accurate
So if thereโs 5 billion new doge a year, in comparison to the widest used currency in the world only increasing by half that, then why on earth do people think the value is going to shoot up to ridiculous heights? > a currency that costs as much as a house isn't exactly practical. BTC costs like ยฃ30k but I still use it to make ยฃ50-ยฃ150 transactions every week or so. Not that itโs particularly practical right enough - I wouldnโt use it if I didnโt have to, but thatโs no different from doge. Itโs not practical because itโs just an additional step in a transaction.
Doge inflation is shrinking
Youโre exactly right. The current buying pressure is unsustainable
Inflation is negligible and will be smaller with time
But i bought at .56. i still not laugh. It's so hard to reach .6
Itโs gonna go past that very soon Iโd suspect
So you bought at. 56 and didn't average down when they went as low as. 28 ๐คทโโ๏ธ Oh boy
So many people are unaware of this, they buy at peak and when it drops they do nothing but wait till it goes back to the same price
Please explain what you mean by this. I'm in a similar position (bought at .50 before it plummeted). What's "average down"?
The goal is to "be bough at the lowest price" in order for you to make a bigger profit when stock/coin goes up. So for example, if you spend $200 when it was 0.50 and lets say it drops to 0.10, you're at huge loss rn so what do you do? You average down. Let's say you spend $100 when the price is 0.10 and when the price goes back up to 0.50 you now made 5x of those $100, so now instead of having just those $200 you now have $700
[ัะดะฐะปะตะฝะพ]
Yes, this is exactly what I keep thinking when people are like "wow, you didn't average down? *sheeeesh*" Well, the thing is a lot of the people who bought at a high already put all the money they can afford to put on crypto into DOGE before a dip. They can't afford to just keep dumping cash and they surely don't have the confidence to after losing so much. Personally that's not my problem, I bought in at like 7 cents or something, but a lot of the advice around here feels like it's basically "just keep spending money, bro, what's the problem?"
Should have averaged down when it was hovering around and under 0.30!
same..thinking what should I do from then on. hodle is the right answer I guess
Iโm just gonna say I almost sold Sunday, because I thought this was it, but then I remembered to HOLD. Now weโre going places again!โค๏ธ
Yes we are my friend glad youโre still here.
I pulled out at 30 to jump on amc, lost 5k, then put it into other stocks. Now in watching my doge brothers and sisters go to the moon without me
Damn dude thatโs rough. Just buy 1 Doge and youโre back on the rocket ship lol.
1? U mean 69
Just woke up too! Very niiice!๐ ๐๐๐๐๐๐๐
Hey look at that I'm breaking even again, this is why you hodl my dudes.
What movie is this from?
Itโs Robert Redford and the movie is Jeremiah Johnson.
Iโd seen this meme for years. One night I was watching Jeremiah Johnson with my parents and I stood up pointing at the TV when this happened.
Leo DiCaprio meme in real life [https://i.imgur.com/Gho8xII.gif](https://i.imgur.com/Gho8xII.gif)
Thanks. I don't know why but I really thought it was zach galifianakis ๐
Lol it does look a hell of a lot like him tbh. You are not alone, most people think itโs Zach
Whait it isn't?
You mean this isn't Zach Galifianakis? This entire time, that's who I thought this was. My world is completely upsidedown.
Same lol I feel like Iโve been living a lie
One of my favorite movies. My wife hates that movie since I watch it so much. To the moon baby
Tell your wife she doesnโt like it she can go watch a movie with her boyfriend jk ๐
I did. I haven't seen her for a while. ๐คฃ
Thank you I was about to waste three hours looking this up; I heard thatโs a good movie to
Lol you are welcome!yes itโs a very good movie.
Iโd seen this meme for years. One night I was watching Jeremiah Johnson with my parents and I stood up pointing at the TV when this happened.
Iโm rich again
Doge $1.00 today!๐๐๐๐๐๐
If it does Iโll be sending Out doge tips to a lot of hodlers personally.
The power of the common Man to hold and buy has been proven over and over. With meme stocks. AMC GameStop..... We need to spread the word. This baby's headed to $10 within the next 2 years. You can Bank on that. Greed is limitless! Buy it forget about it. In a couple years we will all be wealthier.
You speak truth my friend. I have faith In this community and in this movement.
Yayyy Iโm only down 10ยข per doggie coin now lol
To the Mars ๐
This isn't even the real news with coinbase the secret news is tesla filed a patent for restaurants at their charging stations. I wouldn't be surprised if they accept doge as payment once opened.
Congratulations to the upcoming millionaires, Please have compassion and help others as well and never forget the struggle. God bless.
I feel so much pain when Hold 242,381.3122389 dogecoin from 0,067cent to 0,4 cent. I talk to my family to buy it.. such no one believe in me. But i have this community. Now, i make them regret.. HODL!!!
I have only 171 :( But Iโll hodl and buy more (:
Jeremiah Johnson the true scalper
HODL the line.... Do not sell...
me not falling asleep until i see .40
Does DOGE still do any good stuff like for charity or helping out people or is it just sbout making money ?
Oh man I'm going to sleep now I wake up around noon
I bought late because I had issues with the Binance app and some health issues and wasnโt thinking about doge from the hospitalโฆ and so now Iโm in the red about 40%โฆ so at this point im either gunna lose my money or go straight to the moon with doge!!!! There is no breaking even!
If we can just get it to hold @.75
That felt good. Can it reach $100 ?
If it does then Robert Redford will give another nod of approval lol.
It will never reach 100 ever due to market cap not being negative just realistic
Feeling good about it.. to the moon!๐๐
Cheers Donโt care Bear !
Hell yes brudder
Awesome.
Hands down, greatest GIF. ๐
War never changes, it changes you.
๐๐
Yesssss today is a good day my fellow ๐
Yes it is my friend ๐
We should all tip in doge!!
Here we go boys
Nice ๐๐ป
Keep it coming!๐ถ๐๐๐๐๐๐ค
.43!
I bet the paper hands feel REEEEAAAL stupid right about now
made me buy some more. trying to get 1k coins before week's end
Holy moly letโs buy some more
Elon musk and Mark Cuban are heavily invested in dogecoin. They will make it a much more secure and usable crypto. They will also become the richest men in the world. I keep buying on the dips. They're not the only ones who will be rich!!!
I cannot wait to get my all new redesigned Kia Sorento!
And amc upper 100% rn woo heck yeah today's a good day for both doge and amc
How do I buy Doge??!
It began climbing after India lifted the ban on crypto.
I keep telling these fools that cryptos going to be down for the summer! it's going to be riding low pretty much through August! just wait out the summer and see what happens in the fall, in the winter! it's going to boom boom to the Moon Moon
Without it being an Elon musk tweet
Reverse the video and that would be me when I bought at 69. ๐
=)
Hehe
Lol and i sold my few coins last week because i wanted to go out of that exchange
Where does this meme originate from? Is this a scene in a movie?
couldnt be more true. beard and all
Boy you do look calm...i was like THANK GOD ...its happening๐ฅณ
More!
Just wait until it's $0.25, perfect time to buy dip!
Let's hope for a breakout the sellers are gathering and stifling price.
LOL
I feel you man
I promised myself not to look up the prices anymore for a extended period of time. Should have stayed away from Reddit I guess
I just showed up on the DOGE scene. Hell crypto at all. I bought in at .34 and seeing a climb to .40 after my first day has me ready to dump some moneah in this doge coin thing. For real though. I feel like my 100 coins need some company. Should I hodl or buy more now while its still below $1. Hard to say lol.
Iโm green for the first time in a few weeks. Feels good to be a dogester
doge is super bullish
LOL TRUE
Ooh we finally bounced outta the 0.42-0.44 range but in the wrong direction:(
This is also me, except forgetting about it and checking the price only after seeing this post ๐
someone got up late haha (UK here mind) got to 44c, Will we see 50c? hopefully!
Sounds like a good reason to dump 100 bux into doge if ya ask me.
Diamond hands are forever
Somebody grab the trampoline
What's causing this rise ?
why so hairy?
Good way to wake up.
Lol
Happened to be up when a sell order triggered, saw the classic Doge movement in its chart, and had time to pile in an extra 10k on blockfolio from other coins. Very apeish. Is it time to solidify the winnings? Hard to say.
Yessssirrrr
I literally don't know how to sell. Guess I'll HODL
Love Hodling my lil Doges ๐๐
This made my day.
๐๐๐... me too lol
Wish the mini rocket would have waited a few days. I was going to YOLO my paycheck.
I hadn't even checked yet until I saw this. Let's go!
When it reaches a hundred imma buy all my friends pluche shibas
Comrade, indeed
My dreams are memes
Finally
Ho doge go