And I thought my 2k to 35k was good

I wish I’d put £5k into Doge six months ago. Would be worth about £500 now !

£500k I should say

Comment deleted by Site Moderator

contemplating cashing out my premium bonds, if im lucky i win £25 a month

Doge nearly at $0.59

comment by Fixtures (U14547)
posted 27 minutes ago
And I thought my 2k to 35k was good
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It is good mate, I'd be happy with that.

Im still hoping nexo goes bnb levels

comment by EdinSelloutSpurs (U1109)
posted 1 hour, 9 minutes ago
Someone I know said they will only sell DOGE when it hits $2. That’s ridiculous right?
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$200bn market cap, no, it isn't ridiculous.

comment by Busby (U19985)
posted 1 minute ago
comment by EdinSelloutSpurs (U1109)
posted 1 hour, 9 minutes ago
Someone I know said they will only sell DOGE when it hits $2. That’s ridiculous right?
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$200bn market cap, no, it isn't ridiculous.
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I don't fully understand this market cap. What is the maximum value that it could go to ? Is it just the market cap divided by the number of coins in circulation?

Yeah its just coins in circulation x value of coin

Its not a true reflection of value obviously

comment by Taki Minamino (U20650)
posted 13 minutes ago
contemplating cashing out my premium bonds, if im lucky i win £25 a month
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The lad I know that made over 200k said that some weeks he didn't do a food shop so that he could stick everything into crypto.

But that’s not really saying a lot though. It mitigates all the other variables. Doge jumping to $2 would mean a ridiculous amount of investment and the whales not pulling out anytime soon. It’s quite a significant risk to set sites that high I think.

comment by Fixtures (U14547)
posted 22 seconds ago
Yeah its just coins in circulation x value of coin

Its not a true reflection of value obviously
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So the value of a coin can never go above a certain amount?

Random guys online have set up coins from the go with like 5m market caps lol

Even if they went up a few times in market cap theyd not be able to obtain that value cause a massive dump of coins would crash the price

Maximum value will be nothing like BTC, purely due to the number of coins in circulation, they also release a limited amount annually (which the creator has hinted at reducing).

The ultimate aim is to become a currency. BTC struggles in that regard due to the finite nature of the coin. So some say Doge is actually a better option long term, meme or not.

What can it go to? My maths isn't that good. But so long as people keep buying, holding and more brokers exchange/ more companies accept it as payment, it could really rocket BTC style, into the $100s.

*It could also tank back to .01 if the whales sell and stop losses hit.

comment by Elvis: King of Cult (U7425)
posted 36 seconds ago
comment by Fixtures (U14547)
posted 22 seconds ago
Yeah its just coins in circulation x value of coin

Its not a true reflection of value obviously
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So the value of a coin can never go above a certain amount?
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Nah we just know the coin totals and the amounts the coins are being traded for on exchanges

A fair few coins have limits on how many there can be, but not value

comment by EdinSelloutSpurs (U1109)
posted 2 minutes ago
But that’s not really saying a lot though. It mitigates all the other variables. Doge jumping to $2 would mean a ridiculous amount of investment and the whales not pulling out anytime soon. It’s quite a significant risk to set sites that high I think.
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People said that about BTC at £5k though, crypto isn't a traditional investment. Nobody knows where it's heading.

My doge is now up 53% from yesterday morning.

I don't know what I'm doing, but I'm excited.

If it breaks .6, where there is now some resistance, it could well hit 100% increase within a couple of days.

comment by Elvis: King of Cult (U7425)
posted 27 seconds ago
My doge is now up 53% from yesterday morning.

I don't know what I'm doing, but I'm excited.
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I only have 4k coins, but god it's exciting

comment by Busby (U19985)
posted 1 minute ago
comment by EdinSelloutSpurs (U1109)
posted 2 minutes ago
But that’s not really saying a lot though. It mitigates all the other variables. Doge jumping to $2 would mean a ridiculous amount of investment and the whales not pulling out anytime soon. It’s quite a significant risk to set sites that high I think.
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People said that about BTC at £5k though, crypto isn't a traditional investment. Nobody knows where it's heading.
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But why use the exception as the rule? I don’t have an issue with anyone holding as it’s their money and fair play if they do anything with it - but it’s a ridiculous gamble. To put $500 that they don’t really have on something that has shot up 10x in less than a month and aim to hold it until it another 4x just seems ridiculous - hence the word.

As I said before it would be like me putting $500 I don’t really have on Chelsea to win the CL

If you use a platform like Binance then set a limit.

eg: If you bought Doge at 0.40c set a sell limit at say 0.50c in case it plummets overnight.

That way you've still made 20% on your investment but if the price keeps going up, just set a higher sell limit.

Works for me.

how do i set binance limits?

Confuses the crap outta me this app

comment by Boris 'Inky’ Gibson (U5901)
posted 50 seconds ago
If you use a platform like Binance then set a limit.

eg: If you bought Doge at 0.40c set a sell limit at say 0.50c in case it plummets overnight.

That way you've still made 20% on your investment but if the price keeps going up, just set a higher sell limit.

Works for me.
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Thanks Boris, I will have a look later on.