Dogecoin saved my portfolio. But it could have payed off my house.

Michael Zhang
2 min readMay 7, 2021

The trade of the year, Dogecoin, summited over a thousand percent in about 3 months. I am only discussing the past three months because: Had anyone noticed the craze surrounding DOGE at the end of January during peak Gamestop madness they’d have noticed this little chart below.

Doge was live. It’s birthday was Jan. 28th 2021. It had finally gone IPO. Being relatively new to the crypto market and noticing the momentum I bought in with a reserved amount around .075 cents average price late in the night. The high of the day after its initial spike right before the Robinhood uncleared cash crypto trading lockdown. Doge began to plummet 6, 5, 4, 3, 2 cents I was glad I only put in a measured bet. Little did I know how I would regret my cautious approach. I hodled the line and figured what the hell I wasn’t betting anything I couldn’t lose. The momentum kept coming in. Musk and the Winklevoss’ were sounding the alarm and the tweetstorm would not stop. Webull adds Dogecoin trading. Blockfolio starts crypto trading platform with Dogecoin included. Oakland A’s baseball team sells first Dogecoin ticket. Gemini adds Dogecoin. The momentum was too far. I should of bet it all. Don’t get me wrong I am glad of what I made. Enough to finish some much needed house renovations. My portfolio was still very positive overall. Consistency is king right? But, the lurking feeling of I should have went all in is always going to be there. This is not an invitation to trade recklessly. And, consistency really is the unifying factor among successful investors. But, outsized gains come from the trades most “sane” people would not have made. And, although I am still happy with my results. I should have went all in.

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Michael Zhang

The woods are lovely, dark and deep, But I have promises to keep, And miles to go before I sleep, And miles to go before I sleep. - Robert Frost