Anyone riding the Doge train?

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perfor8

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“Day trading” is risky whether you buy energy stocks or crypto, but I’ve made a heck of a lot more trading in a couple cryptos than in any stocks.

Just like GME, there’s going to be some winner and some losers in dogecoin, and I already have a jumping out point in mind.

I’ve been holding silver (and a little gold) for years and am looking for a jumping out point. I keep hearing “predictions” of silver going to $50-75/ounce, but it dang sure ain’t happened yet.

Silver and gold ARE money (wealth), why jump out? (I understand you may have a trading position). Refer to Cowbaby's post above for why Ag and Au are rangebound - they're manipulated. In other words, they're price isn't representative of a free market. It's a once-in-a-generation buying opportunity courtesy of the central banks and all the other players. Take advantage.

Chart below shows silver adjusted for inflation. It's on sale now.

longtermSGSCPIAG1700.png
 

JD8

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“Day trading” is risky whether you buy energy stocks or crypto, but I’ve made a heck of a lot more trading in a couple cryptos than in any stocks.

Just like GME, there’s going to be some winner and some losers in dogecoin, and I already have a jumping out point in mind.

I’ve been holding silver (and a little gold) for years and am looking for a jumping out point. I keep hearing “predictions” of silver going to $50-75/ounce, but it dang sure ain’t happened yet.

Day trading is very risky for those that are unable or don't do their homework for sure. Some trades are riskier than others, and if you know what you are doing you can hedge your bets so to speak.

Either way, go ahead and tell us where you plan to exit your position. I'm just curious as to how long people are gonna ride this train.
 

retrieverman

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Either way, go ahead and tell us where you plan to exit your position. I'm just curious as to how long people are gonna ride this train.
I’m up $14k as of right now, and my plan has been to sell if/when it hits 50 cents. There’s a push to get it to 69 cents tomorrow (4/20), and if that happens, my ROI will be over $31k.
After some reading and talking to others more knowledgeable on cryptos than me, I guess I’m going to hold it and see what happens. The worst that can happen is that I’ll lose my initial investment, and if I can’t afford to lose sometimes, I need to quit trading and buy CD’s.:anyone:
 

Parks 788

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So, if someone had $2K and was looking for a long term hold (7-10 years) and was comfortable risking the initial investment, would putting it into Doge be just a stupid idea?
 

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