My father in law is in this exact situation and I’m convinced in the current market his money would have more potential to gain higher percentage gains through Doge. Am I wrong and why?
If you had 100k to invest would you put the whole Nut on Bitcoin or Dogecoin
byu/2theMoonRobin indogecoin
Posted by 2theMoonRobin
29 Comments
I agree, you can make 100% return in doge probably within a year when you get in low.
Doge follows BTC so you can lose your money on both almost equally
No
I have both. Maybe you can do half and half. But if I were you I would go all in on DOGE.
Bitcoin won’t double….. yet….
If you’re a gambler and dont give a damn, bitcoin. If you’re a lunatic and like lighting money on fire, Dogecoin. If you want to be smart, an S&P 500 index fund.
I would choose Doge for a better return. And I wouldn’t get to greedy also. I don’t know what the plan would be for the investment? “Just see where things would go”? Or more heading to a certain profit to then spend on what ever? I’m nearing the 100k coins. $1 would be lovely, but I’ll probably sell before it would reach that.
Looking to ‘day trade’ / play the market for quicker gains or long term invest? Doge is on sale right now and it may go lower but I would expect it to bounce back to at least 0.25 in the coming months. Will it ever get back to 0.80? My magic 8 ball says not anytime soon. This is all speculation and I’m just some dude on the internet. If I were open to higher risk, I’d probably go Doge. I might even try to play the market to get the Doge millionaire status, if I was okay eating the capital gains taxes on short term sales, though even buying at 16¢ you’d need to flip and buy more a couple of times.
I wouldn’t.
I’d put it in Berkshire, Brookfield or Fairfax (yeah I’m Canadian and have a Canada bias)
Actually when I had 10k, I did all 3, and it worked out quite well.
Recapture 20k on btc. Sell btc. Buy 120k doge. Or not.
#NEITHER!
Because you NEVER go all in or all out. Doing that turns it into gambling, and you could lose the lot.
Trading is where you need to be. Buy and sell small parcels, and sell or rebuy as prices change. Doing this will nett small profits which will stack up over time and make your entire stash totally free. Then you can park the cash somewhere it will be earning an income stream, from diversified resources.
No
great way to piss away 100k
Neither if u wanna keep ur money
Wait till crypto winter hits. Then make moves. it seems like everyone forgot that crypto has a 4 year cycle. I don’t care how much money and or adoption it had the past 2 years. There will always be a correction. Should be starting soon.
nearly all of your post history is about doge.
it’s not a question of potential %, it’s about risk tolerance.
Is your father in law 20 or 55 years old? will he need the money eventually, or can he let it sit and forget about it? etc
Also, btc or nothing. doge for trade(gamble) not investing. unless you can forget about it and don’t actually neee the money anytime soon or next few years.
btc no doubt
Fk no! 90% in a HYSA for any children I may have and imma have fun until I overdose
Doesn´t matter. Just have him buy in low and sell high. Easypeasy. And only follow my advice, not what I´m doing to lose my own money
That would depend on how long you plan on letting it sit
You are absolutely insane for telling him to put 100k into a coin like dogecoin.
NO.
As someone who’s holding doge. 80% bitcoin 20% doge and ONLY if you’re going to babysit the doge for when to sell and buy on the dip
Metal
Gold. F crypto
If he wants to blow 100k, he should just spend it in Vegas
Don’t lose his money on crypto
Definitely put on Doginme , perfect entry , from here tons of potential to grow. Just saying , 3 years ago SWFTC did same
75k on Doge, 25k on VOO.