I've been dogecoin since 2013. but the course is still very low. If I had bought btc then I would be millionaire today. that was a big mistake in 2013. and I think doge will never be worth more than 100-150 satoshi because there are way too many coins. that was a mistake of the DEV in 2014
Well if you go by supply/demand principle, with 7 billion people in the world, and approx 113 billion coins in circulation, it's actually not a very large supply, which means not every person in the world can even hold more than 16 doges if distribution was equally divided.
you forgot to mention other coins. if we take that calculation, every single person would hold a big amount of coin that you can't imagine. the matter is how much does that cost in real money
That's why we need limited supply. Coins with an inflation rate are no better than USD. People know that the FED will print more and more money every day/month/year and their USD will lose value so they dump their USD for goods. (that makes USD to lose its value even further)
Same applies to Doge. You know that the amount of doge will be infinite. So people dump it for something with a limited supply. (btc, ltc, gold, iphone 8, Nvidia Gtx 1080ti or whatever)
DOGE is a rare coin with an inflation rate, but even though, that rate still be lower than USD cause after nearly 4 years, it only increase 13% total coins.
inflation rate is necessary for a nature society like human,
look at the price since it was born, I sure this is one of the most stable coin.
