【】DOGE in extreme fear territory feels just like that late night in 2019
In early 2019, DOGE hovered around 0.002 for nearly a month, and everyone in the group kept saying it was going to zero. I was still heavily invested back then, and every time I saw that chart, I wanted to sell. And what happened? Six months later, it had gone up fivefold. I got out just before the dawn.
DOGE now: down 88%, FGI at 61, signaling extreme fear, and clinging to support at 0.083—the script feels all too familiar.
But there’s one thing that’s different this time. BTC’s market dominance has surged to 59.7%, with money pouring into BTC and major altcoins getting drained badly. I don’t have solid evidence from on-chain data, but in areas this deeply undervalued, I’ve seen how whales quietly build positions—not by buying openly, but by slowly absorbing every sell-off. By the time retail investors catch on, the price has already taken off.
Is buying the DOGE dip a good idea? I’m not going to guess the bottom. Here are a few things I’d think about:
1. Can you hold on? Extreme fear territory often isn’t the bottom; it can mean a long, drawn-out base, with the price moving around in this range for six months or even a year. Can you handle that?
2. Is your position small enough? The mindset for buying the dip should be “I can live with losing this,” not “I have to win it all back this time.” Your position size shapes your mindset, and your mindset determines how long you can hold.
3. Have DOGE’s fundamentals changed? Meme coins run on sentiment, not logic. DOGE has never gone up because the project was amazing; it’s because the community went wild. But where is the community sentiment now? I honestly have no idea.
The time I got wrecked in 2017, I thought, “How much lower can this price go?” I ended up buying halfway down and kept averaging down until I ran out of money. I forgot all about that despair of “watching it keep falling” when I made a fortune in the 2021 bull market.
Honestly, I’m just watching from the sidelines right now. I really am tempted, but I haven’t jumped in this time—my money is already tied up elsewhere, and I don’t dare gamble again. What about you? Would you dare to enter during extreme fear, or are you like me—able to see the opportunity but unable to keep your hands off the trade?
In early 2019, DOGE hovered around 0.002 for nearly a month, and everyone in the group kept saying it was going to zero. I was still heavily invested back then, and every time I saw that chart, I wanted to sell. And what happened? Six months later, it had gone up fivefold. I got out just before the dawn.
DOGE now: down 88%, FGI at 61, signaling extreme fear, and clinging to support at 0.083—the script feels all too familiar.
But there’s one thing that’s different this time. BTC’s market dominance has surged to 59.7%, with money pouring into BTC and major altcoins getting drained badly. I don’t have solid evidence from on-chain data, but in areas this deeply undervalued, I’ve seen how whales quietly build positions—not by buying openly, but by slowly absorbing every sell-off. By the time retail investors catch on, the price has already taken off.
Is buying the DOGE dip a good idea? I’m not going to guess the bottom. Here are a few things I’d think about:
1. Can you hold on? Extreme fear territory often isn’t the bottom; it can mean a long, drawn-out base, with the price moving around in this range for six months or even a year. Can you handle that?
2. Is your position small enough? The mindset for buying the dip should be “I can live with losing this,” not “I have to win it all back this time.” Your position size shapes your mindset, and your mindset determines how long you can hold.
3. Have DOGE’s fundamentals changed? Meme coins run on sentiment, not logic. DOGE has never gone up because the project was amazing; it’s because the community went wild. But where is the community sentiment now? I honestly have no idea.
The time I got wrecked in 2017, I thought, “How much lower can this price go?” I ended up buying halfway down and kept averaging down until I ran out of money. I forgot all about that despair of “watching it keep falling” when I made a fortune in the 2021 bull market.
Honestly, I’m just watching from the sidelines right now. I really am tempted, but I haven’t jumped in this time—my money is already tied up elsewhere, and I don’t dare gamble again. What about you? Would you dare to enter during extreme fear, or are you like me—able to see the opportunity but unable to keep your hands off the trade?