The timing of when to sell an investment can be just as important as understanding when to buy. When it comes to Dogecoin, the decision to sell will depend on your investment strategy and risk tolerance. Short-term gains: If you want to take advantage of Dogecoin's volatility and make a short-term profit, it might be worth selling when the price spikes due to social media hype or news reports. Since Dogecoin's price can rise sharply and briefly, locking in profits during such periods can be a good strategy for traders.