Musk is shouting again, 'DOGE will definitely reach $1'.
When I saw this news, I stared at the screen for 3 seconds – the scene felt so familiar, familiar enough to remind me of that crazy night in 2021: my account balance jumped from $200 to $43,000, then dropped to $25,000 a week later, finally sticking to the stop-loss line at $0.6, like a nightmare I couldn't wake up from.
Today I'm not talking about the abstract, but sharing my love-hate relationship with DOGE: the story of buying 50,000 coins at $0.004, and why I still believe that $1 is not a dream.
1. Buying 50,000 DOGE for $200: From 'playing around' to 'illusion of getting rich' took only 3 months.
At the end of 2020, no one in the crypto space paid attention to DOGE.
At that time, I had just entered the crypto space, and I heard people say 'buy mainstream coins for stability', but then BTC dropped and made my liver hurt. One night I was scrolling through forums and saw someone say 'DOGE is only $0.004, buying 100,000 coins is only $400, even if it loses, it won't hurt' – by some strange coincidence, I transferred $200 in and bought 50,000 coins.
Looking back now, my mindset at that time was particularly ridiculous.
A friend called me 'crazy': 'This coin doesn't even have a whitepaper, it's just a joke!'
The exchange customer service privately advised me: 'Many people are selling off lately, are you sure you want to take over?'
I didn't take it seriously myself; after buying, I deleted the app, thinking that money was the same as lost.
Until January 2021, Musk suddenly tweeted: 'DOGE is the people's cryptocurrency.'
That day I re-downloaded the app, my hands were shaking while entering the password – $0.07! 50,000 coins turned into $3,500! I stared at the number for 10 minutes, refreshing repeatedly to confirm it wasn't a bug, almost throwing my phone out of excitement.
Things get crazier from here.
In February, Musk guest-starred on (Saturday Night Live) and shouted to a global audience, 'DOGE is the future', and the price skyrocketed to $0.47. My account balance turned into $23,500.
In May, DOGE peaked at $0.73, turning my $200 principal into $36,500 – equivalent to my salary for half a year at that time.
At that time, I was on cloud nine, checking Twitter every day waiting for Musk's new updates, even bragging to my wife about 'changing to a Tesla by the end of the year'.
So what happened?
On the day it hit $0.73, I hesitated for 3 minutes while looking at the candlestick chart: 'Wait a bit longer, maybe it will reach $1'. In those 3 minutes, the price dropped like a roller coaster, down to $0.65, $0.62, $0.6... By the time I reacted, I couldn't place my sell order anymore.
In the end, when I sold at $0.6, I still had $30,000 left in my account – made 150 times my investment, but lost half due to greed.
2. Do you still think DOGE can reach $1? These four reasons are more practical than Musk's calls.
For more than half a year after selling at a loss, I felt nauseous every time I saw DOGE until I revisited the situation at the end of last year and realized I missed several key signals.
1. Musk's 'call' has never been casual talk.
Many people criticize Musk for 'making empty promises', but what he does is harsher than what he says.
Tesla has long supported DOGE for vehicle payments, and although currently limited to the U.S., over 3,000 Teslas have been sold using DOGE.
The X platform (formerly Twitter) is testing the DOGE tipping feature. Once launched, 400 million users worldwide will be able to directly use DOGE to give gifts to content creators – just imagine how terrifying that traffic would be!
Recently he said in an interview: 'By 2025, I want DOGE to become the universal currency on Mars.' Sounds absurd, but don't forget, he is someone who can actually send rockets to Mars.
The key is not what he says, but that he has the ability to turn 'bragging' into reality.
2. Grayscale's application for a DOGE ETF is a bold move.
In December last year, Grayscale suddenly submitted an application for a DOGE ETF, which is more noteworthy than Musk's calls.
Once the ETF is approved, it means ordinary retail investors won't need to register on exchanges; they can buy DOGE through stock accounts, lowering the capital threshold to 'a few hundred dollars'.
Referring to the market after the BTC ETF approval, the daily capital inflow reached as high as $2 billion. If the DOGE ETF is approved, it could attract at least $5 billion in new funds.
Grayscale's actions are not random; their team understands policy better than we do – 2025 is the year of the U.S. elections. If Musk's 'American Party' takes action, the DOGE ETF is likely to become a 'gift project'.
3. The 'Musk narrative' for 2025 is the main event.
Recently, there have been more and more reports that Musk is looking to create a 'American Party' to participate in the elections.
What does this have to do with DOGE?
In 2020, Trump won the election thanks to Twitter. Now Musk holds the X platform; if he turns DOGE into a 'grassroots currency', he will definitely harvest a wave of grassroots votes.
Historically, every election year brings 'policy dividends' for cryptocurrencies. In 2016, ETH rose 10 times, in 2020, DOGE rose 100 times, and 2025 will likely be no exception.
What's even harsher is that among Musk's fans, 30% are DOGE holders. This wave of 'faith binding' is more effective than any marketing.
4. The frenzy of MEME coins is essentially a 'game of humanity'.
Some say 'DOGE has no technology, no ecosystem, it's just an air coin'. This statement is not wrong, but the essence of cryptocurrency has never been just about 'technology'.
What technology does BTC have? It's just a decentralized ledger, but that hasn’t stopped it from rising 10 million times.
MEME coins are about 'consensus', and DOGE's consensus is absurdly strong: over 5.8 million holding addresses worldwide, more than mainstream coins like SOL and ADA.
Every bull market always sees MEME coins explode in value – in 2017 it was Ripple, in 2021 it was DOGE and SHIB, and in 2025, it will be hard to find another coin with a 'story' like DOGE.
3. How should ordinary players play? Remember these three 'survival principles'.
I now have another 20,000 DOGE, but this time I've learned my lesson and summarized three iron rules:
Don't let your position exceed 5%: even if you trust Musk, don't put your living expenses into it. I currently use 10% of my monthly surplus to buy; if it drops, I won’t feel the pain, and if it rises, there’s a surprise.
Set 'automatic stop-loss': don't be like me back then, manually watching the market. Now I directly place an order to sell half at $0.3, 30% at $0.6, and keep 20% to bet on $1 – earn what you can earn.
Don't believe in the nonsense of 'getting rich with a full investment': I've seen too many people mortgage their houses to buy DOGE, only to end up with broken families. This coin can make you money, but it can also wipe you out. Remember: you can gamble, but don't bet your life on it.
Let me be honest:
For DOGE to reach $1, it might need Musk's 'godly assist', the approval of the ETF, or the tailwind of a bull market, but the most critical thing is – you have to be present.
When I bought DOGE in 2020, no one believed it could reach $0.1; when it surged to $0.73 in 2021, there were still people calling it a 'bubble'.
In the world of cryptocurrencies, the phrase 'impossible' has never lasted more than three years.
Do you think DOGE can reach $1? Let's discuss in the comments section. For those who like this, I’ll send you my整理的(DOGE key timeline table), which marks several key time points when Musk might take action – in a bull market, information asymmetry is money.
Follow me; next time I will share 'how to use MACD to catch DOGE's swing opportunities'. If this wave starts, you can at least earn three times.
Let's go together into the bull market, see you at the top!
