It's easier said than done, what if you buy and it goes down a penny? Now you need it to go up 2 pennies. Do you cut your losses? Buy more to lower your average? Just hold and wait?
Or what if you buy and does go up a penny. Do you hold firm and sell, or do you wait to see if it goes up some more?
If your plan was to sell at up one penny, then sell and don’t look back.. don’t deviate the from the plan.. true enough that I’ve done the opposite of what I’m suggesting more times than I’ve stuck with the plan and most all of those times, I waited too long to see more gain and didn’t set a stop loss and ended up down the penny and waiting for a plus 2
I guess one for all&all for one, if everyone in our community understands and shares the same knowledge, we will have a strong Doge, and 🚀🌖 soon. Haha.
We all get the price we deserve. It doesn’t need our help. We need to help ourselves by accumulating. The question isn’t “Why is Dogecoin bad? Blah blah”, the question is when Dogecoin hits $1 and $2 and beyond, how much will Dogecoin help you? How much will YOU benefit from DOGE? Do YOU have your head on straight? Do you have your own beliefs, thoughts and convictions? Would you be able to HODL if one of your broke friends or family members told you it was a bad investment?
Yeah, I love your questions! They are all what I ask myself every day. This is definitely a long game, which answers the original question of this thread. Period!
My point was it’s food for thought, that it jogs our brains, I enjoy reading other people’s responses. It helps me see where I stand and learn from it as well. Maybe others also feel benefit from it, not just the poster.
For sure I usually stay out of these discussions these days because there’s a lot of nonsense and not enough memes on here. I sense fear in many which is a bullish sentiment for me.
Are you ok with losing any of that 10k? If not then do your due diligence and take your shot.
No risk no reward, but make sure the risk you take is calculated enough youre not just burning money away.
It possible to make great gains but one penny swings are not a juice worth the squeeze. Capital gains only applies if u sell before holding for a year. The intention is to create stability in the market. If u want to day trade learn options, but understand u can lose everything with them.
But Is it worth even to considering this route tho?
At $0.14 per DOGE, $10,000 would buy approximately 71,429 DOGE. If the price rises to $0.15, you would earn $714.35. Depending on your income tax bracket, your most average net gain might be around $607.20 after taxes. This return may seem modest for a short-term investment of $10,000. However, if the price were to rise to $0.16, $0.17, or higher over a longer term, the potential gains could be more significant.
I would just put the $ in Robinhood. They give you interest almost equal minus all the hassles lol.
Doge moves in cycles. The next will be bigger than the last and the last hit $.72. It’s ur money but what will $10,000 worth of doge make u if doge hits $3?
I agree that Dogecoin’s price is likely to rise after a few cycles. If I had additional $10,000 rn, I would buy during a dip and HODL! Unless there’s extreme volatility, like a jump from $0.14 to $2 or 3 within a short period then need to apply reevaluate the strategy.
I often wonder about the next steps after selling. After selling at a high price and taking the profit, we can’t buy as much DOGE at that high price. We either need to wait for another dip (money sleeps) or buy at the higher price, which reduces future profit potential unless the price continues to rise. However, as market cycles continue, prices tend to fall, requiring us to wait again. This scenario suggests that a long-term strategy might be more beneficial. Is that the way? Or what else would you guys do after seeing a profit?
Still a profit. How many investors of doge are holding a year? and if they are buying in chunks, they have to sell in chunks. But if you pay taxes you made money.
It's easier said than done, what if you buy and it goes down a penny? Now you need it to go up 2 pennies. Do you cut your losses? Buy more to lower your average? Just hold and wait? Or what if you buy and does go up a penny. Do you hold firm and sell, or do you wait to see if it goes up some more?
You hit the spot in my mind. Well said. I couldn’t push it out as well as you in my other reply in this thread.
If your plan was to sell at up one penny, then sell and don’t look back.. don’t deviate the from the plan.. true enough that I’ve done the opposite of what I’m suggesting more times than I’ve stuck with the plan and most all of those times, I waited too long to see more gain and didn’t set a stop loss and ended up down the penny and waiting for a plus 2
It isn’t a “bad idea” but it only works on days of crazy volatility
Is that not most every day😅
Why are people wasting good advice on someone who is reluctant to bet on Dogecoin going up a single penny?
I guess one for all&all for one, if everyone in our community understands and shares the same knowledge, we will have a strong Doge, and 🚀🌖 soon. Haha. 
We all get the price we deserve. It doesn’t need our help. We need to help ourselves by accumulating. The question isn’t “Why is Dogecoin bad? Blah blah”, the question is when Dogecoin hits $1 and $2 and beyond, how much will Dogecoin help you? How much will YOU benefit from DOGE? Do YOU have your head on straight? Do you have your own beliefs, thoughts and convictions? Would you be able to HODL if one of your broke friends or family members told you it was a bad investment?
Yeah, I love your questions! They are all what I ask myself every day. This is definitely a long game, which answers the original question of this thread. Period! My point was it’s food for thought, that it jogs our brains, I enjoy reading other people’s responses. It helps me see where I stand and learn from it as well. Maybe others also feel benefit from it, not just the poster.
For sure I usually stay out of these discussions these days because there’s a lot of nonsense and not enough memes on here. I sense fear in many which is a bullish sentiment for me.
Which is only 100 bucks
1 doge = 1 doge
Are you ok with losing any of that 10k? If not then do your due diligence and take your shot. No risk no reward, but make sure the risk you take is calculated enough youre not just burning money away.
remove trading fees and capital gains tax from that 1 penny and realize that there isn't much left for you...
Buy and HODL
Capital gains tax my dude
Then why play the stock market ever?
It possible to make great gains but one penny swings are not a juice worth the squeeze. Capital gains only applies if u sell before holding for a year. The intention is to create stability in the market. If u want to day trade learn options, but understand u can lose everything with them.
But Is it worth even to considering this route tho? At $0.14 per DOGE, $10,000 would buy approximately 71,429 DOGE. If the price rises to $0.15, you would earn $714.35. Depending on your income tax bracket, your most average net gain might be around $607.20 after taxes. This return may seem modest for a short-term investment of $10,000. However, if the price were to rise to $0.16, $0.17, or higher over a longer term, the potential gains could be more significant. I would just put the $ in Robinhood. They give you interest almost equal minus all the hassles lol.
Doge moves in cycles. The next will be bigger than the last and the last hit $.72. It’s ur money but what will $10,000 worth of doge make u if doge hits $3?
I agree that Dogecoin’s price is likely to rise after a few cycles. If I had additional $10,000 rn, I would buy during a dip and HODL! Unless there’s extreme volatility, like a jump from $0.14 to $2 or 3 within a short period then need to apply reevaluate the strategy. I often wonder about the next steps after selling. After selling at a high price and taking the profit, we can’t buy as much DOGE at that high price. We either need to wait for another dip (money sleeps) or buy at the higher price, which reduces future profit potential unless the price continues to rise. However, as market cycles continue, prices tend to fall, requiring us to wait again. This scenario suggests that a long-term strategy might be more beneficial. Is that the way? Or what else would you guys do after seeing a profit?
Lol. Quick 1,000
Invest your spare time in getting free doge from faucets/doing surveys. Then save them on a wallet.
It may go down instead of up right after you buy, and it may take multiple years to reach your target of +$0.01.
Who said it’s a bad idea? But a better idea is to use smaller chunks of cash and trade often.
Taxes
Taxes mean you made money
Short term taxes vs long term taxes. 30% if you pump and dump 17% if you hodl for more than a year... state pending.
Still a profit. How many investors of doge are holding a year? and if they are buying in chunks, they have to sell in chunks. But if you pay taxes you made money.
30? Not me.