Current Events > should i cut my losses and sell my dogecoin

(+) Yeah! (+)

i put in $1k last night but im down $270

do i just sell now and recoup what i can

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too late
much loss
very poor
wow

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Wait till monday. Crypto tends to dip/go sideways during the weekend because most people fucking with it also do stocks, and with no stocks to trade they take the weekend.

It will probably go back up on Monday.

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Why would you throw 1k at this?!

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Rika_Furude posted...

i put in $1k

Lmfao

i bought in at roughly 0.07...

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Blue_Inigo posted...

Why would you throw 1k at this?!

i thought it was trending upwards! i was told it was going to be worth a dollar

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It probably will eventually

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Rika_Furude posted...

i bought in at roughly 0.07...

Well see, this was a mistake.

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Dont sell dude... youre first time in stocks?

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lmao You hate to see it. The greed monster got the better of you and now you're paying the price. Whatever happened to "HOLD THE LINE"? Oh that's right, as long as there is quick easy money be to made your peers are gung ho, but they are gone the second things start to look bad. Unless you buy in when it's at rock bottom and are fairly certain it's going to have some decent positive gain for longer than a day, don't go in as hard. Let this be a lesson to you.

JTilly posted...

Dont sell dude... youre first time in stocks?

yes

i only bought these because my actual stock account is going to take a few business days to be approved and i cant buy any GME

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Number090684 posted...

lmao You hate to see it. The greed monster got the better of you and now you're paying the price. Whatever happened to "HOLD THE LINE"? Oh that's right, as long as there is quick easy money be to made your peers are gung ho, but they are gone the second things start to look bad. Unless you buy in when it's at rock bottom and are fairly certain it's going to have some decent positive gain for longer than a day, don't go in as hard. Let this be a lesson to you.

whats your immediate lesson for my current situation, specifically the choice to cut my losses or not

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Rika_Furude posted...

i thought it was trending upwards! i was told it was going to be worth a dollar

lmao "I was told it was X" You only have yourself to blame.

Number090684 posted...

You only have yourself to blame.

yes no shit

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Rika_Furude posted...

yes

i only bought these because my actual stock account is going to take a few business days to be approved and i cant buy any GME

its going to rise bro, chill.

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Sit on it. Its called an investment for a reason. Unless you absolutely need that money back, treat it like a bank account and just see where it goes. I bought months ago when it was at a fraction of a cent and I was up over a thousand last night in a matter of hours and still didn't sell. I have a gut feeling there's another spike incoming on Monday.

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Number090684 posted...

lmao "I was told it was X" You only have yourself to blame.

JTilly posted...

its going to rise bro, chill.

so which is it :(((

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Ouch, I'd just hold, imo. That's what I did with bullion for almost 5 years though, then I sold.

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I sold my dogecoin and put my money into bitcoin

lol that didn't help at all

Dont listen to that number guy. Probably a purchased acct anyways

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i had an opportunity to sell last night, when i saw it was up and i was at + $100

I should have sold

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Rika_Furude posted...

i had an opportunity to sell last night, when i saw it was up and i was at + $100

I should have sold

Nah dude, patience

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you win some you lose some

Rika_Furude posted...

so which is it :(((

3rd hidden option. Panic at the investment. we fucked up HARD!.
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Rika_Furude posted...

so which is it :(((

No one really knows because we can't predict the future. All I know is there's a dogecoin subreddit had a few thousand people come together and they are trying to do the same thing the other subreddit did with Gamestop that made people literal millionaires as a result. It's not going to be on that scale, I guarantee you, but they are pushing hard and what happened yesterday I don't believe will be the end of it. People are gonna catch wind of this and jump on board and who the hell knows where it goes. It just comes down to what's more important on your current priorities, to potentially lose some of your $1,000 investment, or wait it out and maybe make a quick buck from it. The money I spend on investing and crypto is expendable, If I lose it, that's the risk I took. Since I started though i'm up over 300% and have made some good money by being patient.

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kingdrake2 posted...

Panic at the investment. we fucked up HARD!.

but this is true



it should be at over $1000 :(

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JTilly posted...

Dont listen to that number guy. Probably a purchased acct anyways

Nope. I was thinking about it, but I didn't do it.

Never put in money you aren't afraid to lose
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I put in $2.5k around 0.07 as well, so I'm looking at a loss right now too. I'm aware it's literal gambling and don't care as this is just for fun. It's peanuts compared to what I made from trading ETH.

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MabusIncarnate posted...

No one really knows because we can't predict the future. All I know is there's a dogecoin subreddit had a few thousand people come together and they are trying to do the same thing the other subreddit did with Gamestop that made people literal millionaires as a result. It's not going to be on that scale, I guarantee you, but they are pushing hard and what happened yesterday I don't believe will be the end of it. People are gonna catch wind of this and jump on board and who the hell knows where it goes. It just comes down to what's more important on your current priorities, to potentially lose some of your $1,000 investment, or wait it out and maybe make a quick buck from it. The money I spend on investing and crypto is expendable, If I lose it, that's the risk I took. Since I started though i'm up over 300% and have made some good money by being patient.

tbh im debt free, got a year worth of saving so tbh if i lose $1000 it doesnt affect me much. i still dont want to lose it though :/

ill sit on it until monday and see what happens

but what if it loses steam over the weekend and this is it

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I get the feeling when people start selling their Gamestop shares they'll start throwing some money into Doge.

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if you had 1k to put into dogecoin you had 1k to lose
don't sell it, doge has some weird potentials

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Rika_Furude posted...

but this is true



it should be at over $1000 :(

lmao

Do you just shrug off the losses and hold, or sell and recoup most of your investment and possibly buy in again later? The choice is up to you.

It's buy low, sell high, not buy high, sell low.
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Graycap posted...

It's buy low, sell high, not buy high, sell low.

if i dont sell now it might drop even lower and never rise again

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guh

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Rika_Furude posted...

if i dont sell now it might drop even lower and never rise again

Dude,,, chill. Its going to rise

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Buy HIGH, sell HIGH


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Yeah at the very least wait until Monday.

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Dogecoin wowed its last amaze

RedJackson posted...

Buy HIGH, sell HIGH

The balls on this guy.

get HIGH

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if i had have sold 1 hour ago i could have broke away with less than $200 loss

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Number090684 posted...

The balls on this guy.

You're right -- forget what I said *spits*

BUY HIGH ONLY

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Rika_Furude posted...

if i dont sell now it might drop even lower and never rise again

Random dogecoin spikes happen all the time.

Personally I'm waiting for it to go back to .02ish to buy again, but it might not go that low again.

I don't understand how buy low sell high is like the most basic anything ever and somehow people still decide to buy high, sell low.

If something just went way up and is at an all time high. You're too late sorry. You need to buy something else that is low or wait for that to go down. It isn't going to do 10 times again. You will be lucky if it ever reaches that price again ever and certainly not in the immediate future. I guess we need bag holders for guys like me when we dump the shit, but you still hate to see it happen.

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I wouldnt sell out of spite lmao

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ssjevot posted...

I don't understand how buy low sell high is like the most basic anything ever and somehow people still decide to buy high, sell low.

If something just went way up and is at an all time high. You're too late sorry. You need to buy something else that is low or wait for that to go down. It isn't going to do 10 times again. You will be lucky if it ever reaches that price again ever and certainly not in the immediate future. I guess we need bag holders for guys like me when we dump the shit, but you still hate to see it happen.

so should i cut my losses now or wait til monday

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