DOGE's performance this year has indeed been disappointing. It has fallen by 58% from the beginning of the year to now, and as the numbers in the account continue to decline, many people are starting to worry if it will really drop to zero.
This idea is understandable, but if you look at the history of DOGE over the past 12 years, you'll find that the cycle of falling, pessimism, rebounding, and then falling again keeps repeating. Each time there is a fall, some people firmly believe that this time it is truly over, while others believe that this is just a temporary adjustment. But the end result is often that most people choose to panic sell.
To put it bluntly, no one has a god's-eye view. How many times was Bitcoin criticized back in the day? Looking back now, those seemingly fatal falls ultimately became opportunities for newcomers to enter the market.
So in the face of the current situation, instead of speculating on the future direction of DOGE, it's better to manage your risks well. The real strategy is to participate with spare money that does not affect your life, while also allocating several mainstream coins as a portfolio, so that even if a certain coin falls sharply, it will not cause fatal damage to the overall assets.
Personally, I am still holding onto some shitcoins. Although there is a lot of short-term volatility, from a market capitalization perspective, once there is an opportunity for a breakout, the profit potential is even greater. The key is to use a reasonable position so that the mindset won't collapse. The market is always full of uncertainties, and rather than wasting energy on predictions, it's better to focus on the parts we can control.
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DOGE's performance this year has indeed been disappointing. It has fallen by 58% from the beginning of the year to now, and as the numbers in the account continue to decline, many people are starting to worry if it will really drop to zero.
This idea is understandable, but if you look at the history of DOGE over the past 12 years, you'll find that the cycle of falling, pessimism, rebounding, and then falling again keeps repeating. Each time there is a fall, some people firmly believe that this time it is truly over, while others believe that this is just a temporary adjustment. But the end result is often that most people choose to panic sell.
To put it bluntly, no one has a god's-eye view. How many times was Bitcoin criticized back in the day? Looking back now, those seemingly fatal falls ultimately became opportunities for newcomers to enter the market.
So in the face of the current situation, instead of speculating on the future direction of DOGE, it's better to manage your risks well. The real strategy is to participate with spare money that does not affect your life, while also allocating several mainstream coins as a portfolio, so that even if a certain coin falls sharply, it will not cause fatal damage to the overall assets.
Personally, I am still holding onto some shitcoins. Although there is a lot of short-term volatility, from a market capitalization perspective, once there is an opportunity for a breakout, the profit potential is even greater. The key is to use a reasonable position so that the mindset won't collapse. The market is always full of uncertainties, and rather than wasting energy on predictions, it's better to focus on the parts we can control.