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Scott Melker: Doge Is a Good Way for New Crypto Investors

Published 05/23/2021, 05:45 AM
Updated 05/23/2021, 06:00 AM
Scott Melker: Doge Is a Good Way for New Crypto Investors

  • Dogecoin is a good way for new investors to get into crypto.
  • Melker revealed that at one point he owned tens of millions of dogecoins.
  • Melker gave two tips for DOGE investors.

Scott Melker is a crypto trader also known as the “Wolf of All Streets”, explains Dogecoin (DOGE) is a good way for new investors to get into crypto.

‘Wolf of All Streets’ Shares his Experience to New DOGE Investors

Melker believes that long-term crypto holding is the best way to make money. However, 70% of Melker’s own portfolio is kept as a long-term investment strategies.

Moreover, Melker mentioned that the meme crypto DOGE has been a very effective strategy for a long time. However, he believes DOGE is a good entry for new crypto investors since its price is less than a dollar. According to CoinGecko, the DOGE price is at $0.32, at the time of writing.

This article was first published on coinquora.com

Continue reading on CoinQuora

Latest comments

First off, to call buying any crypto currency an "investment" is completely irresponsible. No worthwhile asset that is truly a store of vague loses 50% of its value in a week. Then you add to this by suggesting newbies buy a coin invented as a joke, not to mention one that has no supply limit other than a throttle on how much can be added yearly. My message to newbies: consider what it means when someone who already owns a ton wants you to buy. There is no objectivity here.
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