Topic: [ANN][DOGE] Dogecoin - very currency many coin - v1.10.0 - page 1031. (Read 3099630 times)

Lets look at http://coinmarketcap.com/. Given that I don't think Doge's going to overtake LTC, that means a more attainable and optimistic target is Peercoin. It's been in existence since august 2012, so quite a bit more than a year. It has a market cap that's approx. 10 times that of Doge, so in a bit over a year, we may see rates of 300-500 sat. Or 0.0038 USD based on the site above. A million doge would then be worth $3800 or so. To achieve that however, we need more shops and sites actually taking dogecoin as payment. The high block halving rate may work to the currency's detriment however, since in a little over year from now (april '15), all the coins will have been mined and we'll be left with transactions. At that point, the transaction fees will probably have to be raised for it to be profitable to run a miner and sustain the network, or the coin will die from lack of hashing power and transactions taking too long.

Actually looking at the numbers, I realized that in the one month since I started, I made about 500k doge (of which 300k is stuck on Coins-E, grr), will probably hit 1 million at the halving. So 1.5 M total at the second halving, then 1.75, 1.87, 1.93, closing on 2 million by the end. That's with 2x 7950s.  I predict we'll lose a lot of hashing power around the 3rd halving as the difference between 1.87 and 1.75 is a measly 7% - or 12.5% of the final coin count. At that point people will be jumping ship in droves for more profitable alt coins, if they haven't already.

Next crypto bubble I fully expected something between $0.005 - $0.01

not if the asset has no intrinsic value.  you cannot apply logic to a market that operates illogically.  

simply, crypto currencies (not just dogecoin) fluctuate for no reason other than manipulation and hype.  there is no coherence in the market, therefore there is no way you can forecast what something will be worth.  there is no guarantee the currency will go up, or dogecoin2 be released a week b4 the block halves.  we can say it may go up slightly, but compared to the effects of whales manipulating a pump and dump, we will feel the effects of manipulation, rather than the block halving.  

cryptos are a supply-side market.  there are always more dogecoins being produced (at least for the next 18 months or so).  even worse:  there are always NEW CRYPTOS coming out, and there is no barrier to market entry.  we can argue that doge has a strong community, but that is also not financial reasoning, rather argumentum ad populum.  

there is no indicator i've seen that shows that demand for dogecoin will outpace supply.  it certainly isn't now.  and nothing you've stated indicates that supply will not always exceed demand.  for all we know, in 1 month the demand of dogecoin could crash.  due to the illogical nature of the cryptomarket that is based on nothing but speculation, it is just as likely this will happen as what you've stated.

the balance between supply and demand only holds true if there are not new supply being generated, but more importantly, if there are no other alternatives.  we could easily be trading kittehcoin or coinye or whatever new currency exists.  to deny that possibility is to have drank the dogecoin koolaid.  while loyalty does have merits, it does not make for good investment choices.  look at the catcoin thread if you want a case study of people that held on too long to an investment. 

Hello community:  I hate to do this, but I am deleting my account from stuffcoins.com that had an ongoing auction I was having for a 1 oz. American Silver Eagle.  I have tried to contact the website owner for the past few days like others have tried in regards to missing DOGE payments etc. and no one is responding via the website, reddit, and bitcointailk PM.  I don't want someone sending in DOGE to the website if no one is even responding to emails or support.  I hope he straightens things out and gets it working properly.  I deleted my account but the auction is still up(!)  I like helping any new entrepreneur out there any way I can especially if they are dealing with DOGE.

Meanwhile I am moving my business to www.cryptoalley.com which lists auctions, has instant payments Coinpaymnets, and the owner replies to all my questions and emails.  I opened a store there and am listing more things on there.  I do not own them.  My store is:

http://www.cryptoalley.com/the-coiner-store,name,100012,user_id,shop

Lets all support as many businesses as we can that accept DOGE. Much thanks.

  

What's the moon?

Where could this possibly go? $0.01 USD?

Where do you see DOGE in 12 months?

Simple logic.  When mining rewards are cut in half there will be less Dogecoin dumping from miners.  If the amount being sold is reduced and the demand remains the same then price will increase.  Economics 101.

Many holders may want to dump their coins when price reaches higher levels but they are at risk of losing as price may continue to rise.

Not all Dogecoin buyers are day traders. Many people will hoard their coins in belief that it will rise 10,000% +.  As the community continues to grow, you will also see many new long term investors.   If Dogecoin continues to go viral and you get enough long term investors there is no place to go except to the moon.

And even when it reaches the moon not everyone will sell because others will want blast off to other planets. 

When the difficulty goes up, the price has to as well to compensate miners who are now receiving a lot less coins/hashrate. If it doesn't, you'll lose a lot of mining power until the difficulty drops to a level that's appropriate for the price level. Doge has too much momentum to die from block halving, at least not this time, so I wouldn't be surprised to see a decent amount of hash power remaining, which will drive the price and difficulty up. I'm expecting peaks of 1000+, averaging out at 600-700. That's not sustainable at a price of say 20-30 sat. Long term the price will have to go up for the coin not to die.

"We are very pleased to allow you to purchase a copy of Vox using either Bitcoin, Litecoin or Dogecoin."

http://www.vox-game.com/buy-with-crypto-coins/

Why not. I'd vote for that.  Food is a great item to purchase with Dogecoins. 

Purchase houses, cars, and yachts with BTC and everything under $1000 with DOGE. 

you're preaching to the choir.  while i agree with certain aspects of what you're saying about the benefits of mining, that is really beside the point with respect to the price jumping after the block rewards halve in february.  

nobody has given an actual reason why the currency value should go up:  halving the block reward only reduces the future earnings, and does not reflect on the present inventory of dogecoin.   There is no shortage of dogecoins now, nor will there be in february. 

halving the block rewards means something quantifiable to miners, and means dick all to investors. the only thing that i predict will happen when the block rewards are halved is a bunch of speculators will use this as an opportunity to artificially inflate the price.  I'm using this opportunity to warn people that speculate on dogecoin not be drawn-in to this future pump-and-dump opportunity.  

Maybe he to 'll start accepting DOGEcoin in his Subway... or maybe all Subway franchises should accept DOGE payments

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wish all the other coins i have mined were on exchanges so i could buy more doge.

The Internet cracks me up. 
http://www.carbonated.tv/viral/if-jared-never-convinced-you-to-eat-at-subway-maybe-doge-will-yes-that-doge

wekkel is right .. "Who cares about price right now" .... important to store as much as possible within 1-3 weeks... then ... to the stars

That is great news, DOGE  getting stronger every day.

Dogecoin much accepted: https://www.capitaldiningchairs.co.uk/bitcoins

Who cares about price right now. Its all about Doge and reinforcing the meme.

https://www.cryptsy.com/markets/view/132

What is the current market buy/sell rate for Doge? Thanks