Want to retire with DOGE? Here's a guide for you!
First, you have to know how much money you need after retirement. This varies from person to person, but generally speaking, $1 million to $2 million is a rough number.
Then, you have to look at the current price of Dogecoin. In 2024, the price of Dogecoin will fluctuate between $0.05 and $0.1 per coin. For example, if you want to have $1 million after retirement, and the price of Dogecoin is $0.1 per coin, then you need 10 million Dogecoins!
Of course, investing in Dogecoin has potential, just like it has skyrocketed in 2021. But you also have to understand that cryptocurrencies are volatile, especially Dogecoin, and the risk is not small.
So, don't put all your eggs in one basket. You can invest part of your money in Dogecoin and put the other part in more stable assets. This way, even if Dogecoin rises, you can make money, but you won't lose sleep because you bet everything on it.
And don't forget about taxes. If Dogecoin goes up, you may have to pay taxes on the money you earn, so you have to plan ahead.
Finally, you have to think about the future of Dogecoin. If it really goes up to $1 or $5, the number of Dogecoins you need for retirement will be greatly reduced. But it all depends on the market, the price, and your own financial situation.
In general, it is not impossible to retire with Dogecoin, but you have to be strategic, risk-aware, and plan well. Ambush potential coins in advance and keep up with my pace
