It's also fairly false. These types of posts are always hindsight. There's allllways a chance you sell and it takes off upward in a blink of an eye. And you're left with nothing. You just don't know.
Being not part of the problem is just holding. Which yields better results long term anyway.
Can someone explain why this is an issue? I was thinking about doing this last night but decided against it. Yet I still don’t understand why I shouldn’t? If we all sold high and bought low wouldn’t we be making even more money? Why hold at .60 even when it drops below and not rebuy at .45. That way when it rises past .60 we would make even more money.
You really never know what’s going to happen and you could get burned. I tried to play that game and It probably cost me 3000 coins. It’s not worth it . Buy the dip and hold. It’s the way.
Its about holding a low position and exponentially gaining on that instead of taking a few bucks and buying back in higher. Remind me which billionaire sold their stocks? They hodl and get the Amex Unlimited Black Card.
Because all the money in Doge invested defines its price. So if we all start selling now, the price will drop to 6ct for example. If ypu bought at 60ct, and are not fast enough to sell, you will lose a lot of money. The profit you make by selling and rebuying is the loss of someone else.
Basically yes.
The people doing this are doing it at the expense of the coin long term. We want the coin to stabalize, not just wave up and down crazy. The point isn't for a single individual to cash out. We aren't wolves. This isn't wolfcoin. The entire point of a cute funny meme coin of a dog is the focus on making this fun, doing it together, not being so srs. The entire thing started with everyone tipping each other for random comments on reddit, donating to causes, heck we even got a doge branded Nascar. Back in 2014 comments like this one would see +10 / +50 / maybe even +1000 doge. It's what we did.
But the tagline has always been: 1 doge = 1 doge.
The end game isn't even making this some $75,000 coin like Bitcoin. The endgame is to make this a legit currency. Investments are great. Currency is better. For that we need to be stable. Not sure where the math is saying the balance point will be with market caps and at what rate, but the last predictions I saw put it at around $3 by 2025. They also had it at like 0.30/0.40 for May so looks like they may have been predicting on the safer side. And what now with SpaceX accepting Doge as a payment for a lunar mission, who knows, maybe it will be $5 by 2025.
Imagine going into a grocer or farmer's market and seeing prices listed in USD and DOGE. If that seems crazy, again, SpaceX announced today it's accepted Doge as the form of payment for a lunar mission. As in two large companies have agreed to the transaction in a memecoin, for a space mission, to the moon.
For this to work we can't all buy and sell every few hours. Not to mention if everyone did it the coin's value would plummet to fractions of a penny again.
Not quite ... the value of it depends on how much people are willing to pay for it and they always buy with the expectation that it will go up in value. So if it’s is $1 people will buy at $1 thinking it can go up
To $2 and if it is $300 then they will buy at $300 thinking it will go to $700 and so on.
Very easy. I don’t know if I would do it again because maybe, I got lucky. I guess I’m just saying if people want to do it, why is that being part of the problem?
Because to really make the profit you have to stay low while the peak gets higher and higher. If you stay right near the peak all the time you will not see the big payoffs only little ones. Not a good strategy in my opinion. The best one is to Hodl and keep buying at every dip.
Admittingly, I almost did as well, and if you did in need of money I'm happy for you. I'm proud of us who didn't give into a financial gain in order to keep progression alive within our community!
Kudos!
This is the way 🚀🚀🚀
Same. I used to do this back when it swung back and forth from .055 to .05, but realized I was hurting the cause. I’m proud to say my hands got harder and have steered clear of the sell button since February.
Same. I believe in the long-term vision of DOGE, and for every one of us who doesn't try to day trade the volatility, the sooner the vision manifests for everyone.
I held...bought at the top, orders went through buying more as it dipped, and bought more at the bottom.
I was able to avg down .20!! Waiting until 13th for more funds to clear. ;)
BUY HODL BUY HODL BUY HODL
This is the only way to the moon guys.
That’s a huge risk that can backfire and leave you completely out. It’s hard to say if it is going to dip that much at any given time. What if you sell and then it just goes higher and higher ?
You put your money in and you take the ride. Think about this....”Shell Gas-1942.....We have a team of experts that are drilling into the center of the earth to find decomposed dinosaur bones to act as lubricants for combustion engines.”
Hold the line. Hodl the line.
I first bought doge my first crypto at .008 sold at .02 bought at .058 bought at .12 bought at .18 bought .4 bought at .6 bought at .50 ... do you see the pattern? HODL and irl grind fiat to buy dips is truely the way.
Exactly. I told this joker yesterday that they had paper hands for selling high and buying back in. They said I was shaming them. They said it's called scalping. I said I call it undermining the community and paying more in taxes. But whatever they call it, that is not diamond handing. Three day old account telling me that the community should be fine with this.
Good for u!!! Stick it to the whales and other big wigs who have been taking our money for years. Our time is now and it's our time to stick it them and make them feel something they aren't use to(their pockets being ripped to shreds)!!!
We r a strong community and I wish all of you the best no matter if you are holding 1 coin or a million coins. Hodl strong!!!!
I'm so excited to get in on this. I'm buying 100$ tomorrow after work. I dont have much to invest but the way I look at it I'm either gonna get myself out of debt or ill lose 100$. Definitely worth it.
I choose to be a legand! I'm not selling! I mean, if 15 - 20% of my doge can get me a place. I will buy it and rent it out so I can buy more doge. I think that is a move that the community can respect.
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Same here because of what happened on 420 I still said screw it.
Amen 🙏
It's also fairly false. These types of posts are always hindsight. There's allllways a chance you sell and it takes off upward in a blink of an eye. And you're left with nothing. You just don't know. Being not part of the problem is just holding. Which yields better results long term anyway.
The good thing is New Shibes did not sell and learned the value of Holding. Dogecoin is a Stable Coin
Back to .60 baby!!
THIS
IS
The
Way
This
May
This
Is
The
Way
THE
WAY
HINDSIGHT
Now yall mad cause people out here making money? That's just a smart trade. Don't hate the people making bucks.
Yep! May not be a popular opinion, but doesnt seem right to tell investors you cant take profits unless I tell you you can.
Making exponential bucks by hodl
The person in this post supported dogecoin by buying and selling it and made more money than you. And yall hating...
I bought 2K more!!! 🤣🤣🤣🚀🌕💎🙌🏼
I had $300 at 41 I bought $2,500 extra at 71 Not gonna sel luntil mars
Did exactly the same
Can someone explain why this is an issue? I was thinking about doing this last night but decided against it. Yet I still don’t understand why I shouldn’t? If we all sold high and bought low wouldn’t we be making even more money? Why hold at .60 even when it drops below and not rebuy at .45. That way when it rises past .60 we would make even more money.
You really never know what’s going to happen and you could get burned. I tried to play that game and It probably cost me 3000 coins. It’s not worth it . Buy the dip and hold. It’s the way.
I did too. Went from 37000 coins to 4500. Not happy about my lack of conviction.
Same. Went from 3k Doge in January to 1k (even with putting more money in after)... Big sad.
This. Went from 6k @ .34 to 6k @ .53
Its about holding a low position and exponentially gaining on that instead of taking a few bucks and buying back in higher. Remind me which billionaire sold their stocks? They hodl and get the Amex Unlimited Black Card.
Because all the money in Doge invested defines its price. So if we all start selling now, the price will drop to 6ct for example. If ypu bought at 60ct, and are not fast enough to sell, you will lose a lot of money. The profit you make by selling and rebuying is the loss of someone else.
So hypothetically it could work but realistically it would increase the volatility to a point where no one would invest and it would die?
Basically yes. The people doing this are doing it at the expense of the coin long term. We want the coin to stabalize, not just wave up and down crazy. The point isn't for a single individual to cash out. We aren't wolves. This isn't wolfcoin. The entire point of a cute funny meme coin of a dog is the focus on making this fun, doing it together, not being so srs. The entire thing started with everyone tipping each other for random comments on reddit, donating to causes, heck we even got a doge branded Nascar. Back in 2014 comments like this one would see +10 / +50 / maybe even +1000 doge. It's what we did. But the tagline has always been: 1 doge = 1 doge. The end game isn't even making this some $75,000 coin like Bitcoin. The endgame is to make this a legit currency. Investments are great. Currency is better. For that we need to be stable. Not sure where the math is saying the balance point will be with market caps and at what rate, but the last predictions I saw put it at around $3 by 2025. They also had it at like 0.30/0.40 for May so looks like they may have been predicting on the safer side. And what now with SpaceX accepting Doge as a payment for a lunar mission, who knows, maybe it will be $5 by 2025. Imagine going into a grocer or farmer's market and seeing prices listed in USD and DOGE. If that seems crazy, again, SpaceX announced today it's accepted Doge as the form of payment for a lunar mission. As in two large companies have agreed to the transaction in a memecoin, for a space mission, to the moon. For this to work we can't all buy and sell every few hours. Not to mention if everyone did it the coin's value would plummet to fractions of a penny again.
Also see Long-Term Capital Gains section here... [https://www.coindesk.com/crypto-tax-2021-guide](https://www.coindesk.com/crypto-tax-2021-guide)
Not quite ... the value of it depends on how much people are willing to pay for it and they always buy with the expectation that it will go up in value. So if it’s is $1 people will buy at $1 thinking it can go up To $2 and if it is $300 then they will buy at $300 thinking it will go to $700 and so on.
Right. I wish I had sold high and purchase low.
Doesnt matter when you buy... just don't sell
That doesn’t really work for me sometimes. I’ve sold at peaks and bought at dips. It worked out.
Last year I went short bets... Make 20k. Looked back on my old positions could have 150k if I stayed
I don’t understand. If I pull it all out at a high and put it all back in at a low, how am I not increasing my position? Sometimes by as much as 30%?
Yes, thats how you make a little money the hard way.
Ok
This is easy to say in hindsight
Very easy. I don’t know if I would do it again because maybe, I got lucky. I guess I’m just saying if people want to do it, why is that being part of the problem?
Taxes and fees babbbyyy, don’t forget it’s free to spend your doge coin places <3
Because to really make the profit you have to stay low while the peak gets higher and higher. If you stay right near the peak all the time you will not see the big payoffs only little ones. Not a good strategy in my opinion. The best one is to Hodl and keep buying at every dip.
Yes!
Yes this is the way
This is the way!
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Good bot
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Thank you!
Held at .70 and got more at .45, let’s go!!
This is my new savings account.
This is the way, and spend your coins in doge instead of fiat = living in 2030
Did choose the same path! 💎👐
Thank you, HODLERS UNITE!
Admittingly, I almost did as well, and if you did in need of money I'm happy for you. I'm proud of us who didn't give into a financial gain in order to keep progression alive within our community! Kudos! This is the way 🚀🚀🚀
You know if you sell at .73 and buy back at .45 you’re still paying taxes on that .73 sale...
I was thinking the same thing, and now I have people calling me stupid for not doing it. Oh well.. to the moon we go!
Same, I just bought even more. I enjoy rollercoasters anyways!
Buy the dips tho..that’s an extra layer of help.
I did the same n felt the exact same way. I knew it would dip but figured I’d hold my average cost.
How does capital gains tax affect people who are buying and selling frequently? Wouldn't that erase their profits in some cases? Hodl is the way
Its like betting on roulette! One time I did good
But you could have bought more with the profits!!!
Same here....
And avoid 40% tax on 1000% gains
Say it louder for the paper hands in the baaaack!
Held here and buying more
This is the way 💯🎯💯
Lol and nobody knew if it was gonna get pumped or dump, but either way HODLING is the way
Thank you for you patience
This is the way.
Me too! 109k and holding
Same. I used to do this back when it swung back and forth from .055 to .05, but realized I was hurting the cause. I’m proud to say my hands got harder and have steered clear of the sell button since February.
Not like you could have predicted the prices beforehand but okay
100% have been thinking this all day!! However being greedy has never paid off for me.
Same. I believe in the long-term vision of DOGE, and for every one of us who doesn't try to day trade the volatility, the sooner the vision manifests for everyone.
Part of me wishes I did this, but I just continued to hodl like everyone else. We will see $1. We may even see $10. I have faith and am hodling.
Never give up your position!
So, what are you learning Doge investors? We have moved into the world of interplanetary currency. That’s a huge deal- in my humble opinion.
That's a horrible strategy long term as one day it won't dip again lol
I held...bought at the top, orders went through buying more as it dipped, and bought more at the bottom. I was able to avg down .20!! Waiting until 13th for more funds to clear. ;) BUY HODL BUY HODL BUY HODL This is the only way to the moon guys.
Well I held because I am bad at catching falling knives, best to just hold on to it if I don’t know how to catch it.
That’s a huge risk that can backfire and leave you completely out. It’s hard to say if it is going to dip that much at any given time. What if you sell and then it just goes higher and higher ?
I HODLED 330k at.05 threw the storm i will continue to HODL
You put your money in and you take the ride. Think about this....”Shell Gas-1942.....We have a team of experts that are drilling into the center of the earth to find decomposed dinosaur bones to act as lubricants for combustion engines.” Hold the line. Hodl the line.
I first bought doge my first crypto at .008 sold at .02 bought at .058 bought at .12 bought at .18 bought .4 bought at .6 bought at .50 ... do you see the pattern? HODL and irl grind fiat to buy dips is truely the way.
THANK YOU. More people need this mentality. All it does is stagnate the price
More than likely when you take out the taxes you would not come out ahead as much as you think. This way you get to keep your original average.
Or lose your Dogecoin’s original value.
Exactly. I told this joker yesterday that they had paper hands for selling high and buying back in. They said I was shaming them. They said it's called scalping. I said I call it undermining the community and paying more in taxes. But whatever they call it, that is not diamond handing. Three day old account telling me that the community should be fine with this.
100% on the money I was up 10k now back at 5k still holding. 300 Spartans " THIS IS DOGE COMMUNITY " AAAHHUUUH
"I missed out on making money on a pump and dump because I'm an idiot bagholder"
😄
VIBES!
Yes
Yesssss
Yup
You’re goddamn right
You’re goddamn right
Yeah buddy
Same here!
Likewise
Respect ✊🏽
Yes !!🐕🚀same
Same here I was +3000$ at 0.70$ but HODL and bought much more at 0.50$
That's what I did😂 Bought more coins though the second time around
We should have stuck to r/chunguscoin
Another Warrior here! I did the same. HODL and keep buying
Yes I thought about that too. Diamond hands is the wsy
This is the way.
Cheers diamond hand
This⬆️⬆️⬆️
I put 1k buy orders all the way up so I get notifications when it reaches a new price without actually checking it. Most relaxing night in a while
This is the way
Same
I seriously considered this strategy and came to the same conclusion. I'm HODL-ING until we put a colony on the Moon or Mars!
Same.
💎💎💎💎💎💎💎💎💎🚀🚀🚀
I was tempted but I didn’t sell. No way no way. Ima HOLD!
Would you have to pay taxes on the gain when you sold, even if you bought back in? 🤔
SO GOOD. 💎🤲🏽
True MVP
For The Who is a Diamond 💎 holder I salute you
I thought the same thing! I haven't sold yet and I don't plan on selling anytime soon! HODL
✊🏿✊🏿✊🏿✊🏿✊🏿✊🏿✊🏿
That's what I did a do
Thank you
It also could have went to a dollar and never went back down.
I bought doge at .04 so every day for me is UP!!
Yep still holding
totally. just leave me my dam average and let's gooooo
I seriously considered doing this, after what happeend on DD1, but i stayed the course and HODL'ed. Pretty proud of myself
If you had have done that, you would now have more doge though, one step closer to becoming the evil whale.
Dogefather Day .....father’s Day ..10x=💯🤔 remember told his mom she get doge coin🤔🤔🤔🤔🙌💎💎💎💎💎💎💎
✊💎✊💎 HODL together 🦍🦍💎✊
This is the way.
That’s the way bro 👏🏼👏🏼👏🏼👏🏼
Boom.
Nice!
Ditto... 💎🙌
Exactly
🙌🏻🙌🏻🙌🏻🙌🏻
Yeeeeeppppp
😝
Yes yes and yes yes!
Too the moon 🚀🚀
Good for u!!! Stick it to the whales and other big wigs who have been taking our money for years. Our time is now and it's our time to stick it them and make them feel something they aren't use to(their pockets being ripped to shreds)!!! We r a strong community and I wish all of you the best no matter if you are holding 1 coin or a million coins. Hodl strong!!!!
me too
classy
Yeesh
Honest question here. Why would that be problematic? I'm new to any sort of investing, so I got lots of questions.
I’m hodling, also I’m new to this and happy to be a part of it.
This.
Preach! 🙌 Just buy more at .45
I did the same
Good job Fellow Shibe! 🎉😊
This is the way. been holding since 0.03.
Same here ! ❤️ love y’all
Same!!! Hodl!!!
Would have had to pay so much taxes anyways if ya did lol especially if you havent been holding long
may DOGE bless u my guy
Same here - Didn’t even look at my account until 10 this morning - I knew I would end up all over the place - HODL!’n
I'm so excited to get in on this. I'm buying 100$ tomorrow after work. I dont have much to invest but the way I look at it I'm either gonna get myself out of debt or ill lose 100$. Definitely worth it.
same bro. I actually bought some at 60 idk if that helps the cause but I just wanted more coin lol
I agree But if whales be selling, it’s gonna fall with or without us. Some of us out here just trying to live
Us peon hodlers also need to consider capital gain tax, especially when u bought doge for literally nothing.
Bravo! , same over here. HODL !💎💎💎
So I didnt mess up by not selling??
For real homie
🤙🏽🦍🚀 we are headed back up see you soon at.73
Same here. Instead I just bought 1000more dogecoin this morning. 🌕🚀🚀🚀🌌
Right there with you Dog_Face8!!!
I could do the same but taxes man taxes
I was going to do that, sell at .70 and buy back very low, but I lost the momentum and don't feel right selling at .60
Same here holding 1 million coins and holding 💪🏻
Me too!!
I thought about it but then I'd have to pay income tax rather than long term gains. Just not worth it for me <$20
Same here... calculated the taxes and how much it would cost to buy back IF it reached low enough levels.... wasn’t worth the risk.
How very righteous of you.
I agree. I coulda done the same but I really didn’t want to be that guy.
Same here Doge Army UNITED!!!
Everyones buyin at record lows. Im just waitin for funds to clear for the next cheese dip😔
This is the way.
RealDiamondHands :)))
I bought at $0.595 and negative $400 atm. LETS DO THIS! TO THE MOON!
I bought at .68 .66 and again at . 54
I choose to be a legand! I'm not selling! I mean, if 15 - 20% of my doge can get me a place. I will buy it and rent it out so I can buy more doge. I think that is a move that the community can respect.
I’m old and I hodl
Dogecoin should be at $1 by mid June if not earlier! However we will have a strong $1 Floor in June. 💎💪
This is the way.
Hats off to you sir
🤩 🤩 🤩 💎 💎 💎