IDK how much is being traded but I'd guess less than 1 billion.
1.15B on cryptsy alone atm.
Topic: [ANN][DOGE] Dogecoin - very currency many coin - v1.10.0 - page 807. (Read 3099724 times)
1.15B on cryptsy alone atm.
I don't really understand why this would matter that much, 1 billion is just a part of the almost 39 billion coins mined. Can someone please clear things up for me?
Money equals power, power corrupts, absolute power corrupts absolutely. That plus that the person in control of the money will be able to manipulate the market in which ever way he wants, when he drops a significant amount of the coin, it might scare other people to sell their shares - chain reaction effect.Also, you must consider not all 39 billion Ðoges are being traded. Most of them are just held.
IDK how much is being traded but I'd guess less than 1 billion. So if he decides to trade all his stack, that'd probably represent more than 50% of everything being sold.
I think this coin is too big to be destroyed by a single person. With a great community like this and some hope, we should be fine. Yes he is bound to make profit on his (as I assume) undeserved money, so he can buy some more hookers and private jets(or whatever these disproportionately rich people do), but in the end this is something that all coins will be prone to, and looking at the spread of wealth in general, bitcoin is the only coin with a better distribution than doge.
He wont destroy it alone, because he doesnt have to. But once he starts selling the rest will panic and the thing will be absolute chaos heh! 40 billion doge trading back and forth as everyone tries to combat cryptsys lag and figure out where the new bottom is. Christ, by the time the dust settles he could make off with his $10 million original investment and still end up with another 2 billion doge in his account to play the whole game again.
The only saving grace i think is that he wont sell them all at once - it would lower his profits. And the longer he leaves it the less impact it should have on things (as hell own a small % of coins).
Let it all play out though - im sure every crypto just about has massive hoarders like this hidden somewhere.
I don't really understand why this would matter that much, 1 billion is just a part of the almost 39 billion coins mined. Can someone please clear things up for me?
Money equals power, power corrupts, absolute power corrupts absolutely. That plus that the person in control of the money will be able to manipulate the market in which ever way he wants, when he drops a significant amount of the coin, it might scare other people to sell their shares - chain reaction effect.
I don't really understand why this would matter that much, 1 billion is just a part of the almost 39 billion coins mined. Can someone please clear things up for me?
I think this coin is too big to be destroyed by a single person. With a great community like this and some hope, we should be fine. Yes he is bound to make profit on his (as I assume) undeserved money, so he can buy some more hookers and private jets(or whatever these disproportionately rich people do), but in the end this is something that all coins will be prone to, and looking at the spread of wealth in general, bitcoin is the only coin with a better distribution than doge.
I think one person with that much share of a coin can definitely affect it.
But I'm sure he won't sell now. He will want the price to go up, and most probably he will succeed.
http://www.coindesk.com/vault-of-satoshi-new-altcoin-support/ Nice 1 Canadians!
DOGE: DJpqwezzrdg6E8vNxqM6FBdXSMQrEd35bj
DOGE: DJpqwezzrdg6E8vNxqM6FBdXSMQrEd35bj
I think this coin is too big to be destroyed by a single person. With a great community like this and some hope, we should be fine. Yes he is bound to make profit on his (as I assume) undeserved money, so he can buy some more hookers and private jets(or whatever these disproportionately rich people do), but in the end this is something that all coins will be prone to, and looking at the spread of wealth in general, bitcoin is the only coin with a better distribution than doge.
Such leadership. Many follow.
Keep us updated when he goes to the bathroom next, thanks!
I think he already sold it : http://bitinfocharts.com/dogecoin/address/DHsqeNgKH5f6Jnch8b9w45ddRBHpGXSBuj
Hes moved it do other addresses because to many eyes where watching his next moves. He is no newbie do sell out for good a few cents above his highest buy in price.
I think he already sold it : http://bitinfocharts.com/dogecoin/address/DHsqeNgKH5f6Jnch8b9w45ddRBHpGXSBuj
Didn't know wolong is from Singapore.
The question is when will he sell his 1 Billion plus coins.
http://www.dailydot.com/business/wolong-dogecoin-market-control-trader-bitcoin/
http://www.timothyhoogland.com/2014/01/quick-update-dogecoin-wolong-spike-up-from-50-satoshi-to-85-satoshi/
He bought everything from 30-130 satoshies a few days ago, then others jumped on the bandwagon and he is bound to make millions (billions) on them depending when he cashes out for good. He has changed his know address now because to many eyes where on it watching for his next move. He knows what he is doing and will sell for good at near the highest price thats certain.
Noting can be done about it.
http://www.dailydot.com/business/wolong-dogecoin-market-control-trader-bitcoin/
http://www.timothyhoogland.com/2014/01/quick-update-dogecoin-wolong-spike-up-from-50-satoshi-to-85-satoshi/
He bought everything from 30-130 satoshies a few days ago, then others jumped on the bandwagon and he is bound to make millions (billions) on them depending when he cashes out for good. He has changed his know address now because to many eyes where on it watching for his next move. He knows what he is doing and will sell for good at near the highest price thats certain.
Noting can be done about it.
I'm thinking of a way to motivate small investors to get started with doge, everyone should target their own country/city/nation/land.
Trying to figure out where to post an article without it looking like spam.
Are there any successtories of Bitcoin / Litecoin we can refer to, i'm aiming for the younger market (18 to 30 years)
As a matter of fact, investing in doge is very very cheap so it is possible for almost anyone.
Will keep you guys updated, there must be a way to get more people involved.
Trying to figure out where to post an article without it looking like spam.
Are there any successtories of Bitcoin / Litecoin we can refer to, i'm aiming for the younger market (18 to 30 years)
As a matter of fact, investing in doge is very very cheap so it is possible for almost anyone.
Will keep you guys updated, there must be a way to get more people involved.
we need more more more possitive pr...everybody need to know about dogecoin!
Well then we should think what is our next charity to make. I think charity business would be really good for doge, cute doge helping those who need help. And I'm not talkin' about any bs unicef charity when the money doesn't even go for the target.
Step 1. Find our next victim who needs a lot of money, philippines or is that out of date now? Or something like that.
Step 2. Dogecoin funded events, around the world. We collect charity like money and with that money make huge events.
Step 3. Dogecoin ATM:s and DOGE<-->USD exchanges.
Step 4. etc.
Everything is possible when community is strong, and I feel our community is.
DOGE: DJpqwezzrdg6E8vNxqM6FBdXSMQrEd35bj
Thats what I was thinking, so the obvious choice would be animals right? DOGE!? Sea shepherd? ASPCA some animal cause, let's put this Doge to good use!!
At http://doge4doges.webs.com I've been accepting doges to help homeless animals since the beginning. All of the donations so far have gone to a small humane society that operates an animal shelter in West Virginia, USA. I know ppl want to help locally, but even small amounts make a HUGE difference at a small charity like this one. The shelter - http://rchs-pets.org
Twitter @doge4doges
All of you asking questions, talking about PR, things the coin should do, etc.
Those questions and more are all answered and discusssed on Reddit every day. This Bitcointalk thread is not the place to get your Dogecoin news unless it's straight from the Developer about the development of the coin.
http://www.reddit.com/r/dogecoin This is where all the latest news on Dogecoin is. I joined this subreddit when it had 400 or so people, it is up over 45,000 now. There is a directory list on the right sidebar of the Dogecoin subreddit that has tons of links regarding Dogecoin.
http://doktorrf.com/dogecoin/subreddits.html - This page has a list of ~30 subreddits, all directly or indirectly related to Dogecoin.
This Bitcointalk thread has unfortunately turned into an easy place for people against Dogecoin to vent their frustration daily. It's the major thread about Dogecoin on [Suspicious link removed]o if you read here every day you're basically forced to read the negativity people here post.
Spend some time on the Dogecoin subreddit and you can see just how positive and amazing the Dogecoin community is.
http://www.reddit.com/r/dogecoin
Those questions and more are all answered and discusssed on Reddit every day. This Bitcointalk thread is not the place to get your Dogecoin news unless it's straight from the Developer about the development of the coin.
http://www.reddit.com/r/dogecoin This is where all the latest news on Dogecoin is. I joined this subreddit when it had 400 or so people, it is up over 45,000 now. There is a directory list on the right sidebar of the Dogecoin subreddit that has tons of links regarding Dogecoin.
http://doktorrf.com/dogecoin/subreddits.html - This page has a list of ~30 subreddits, all directly or indirectly related to Dogecoin.
This Bitcointalk thread has unfortunately turned into an easy place for people against Dogecoin to vent their frustration daily. It's the major thread about Dogecoin on [Suspicious link removed]o if you read here every day you're basically forced to read the negativity people here post.
Spend some time on the Dogecoin subreddit and you can see just how positive and amazing the Dogecoin community is.
http://www.reddit.com/r/dogecoin
Very good advice brother, this here is angry troll territory anymore. I'll never understand their fucked up problems with doge, my guess is they are just miserable bastards in general. Hate the game not the player, in this case be nice to doges.
we need more more more possitive pr...everybody need to know about dogecoin!
Well then we should think what is our next charity to make. I think charity business would be really good for doge, cute doge helping those who need help. And I'm not talkin' about any bs unicef charity when the money doesn't even go for the target.
Step 1. Find our next victim who needs a lot of money, philippines or is that out of date now? Or something like that.
Step 2. Dogecoin funded events, around the world. We collect charity like money and with that money make huge events.
Step 3. Dogecoin ATM:s and DOGE<-->USD exchanges.
Step 4. etc.
Everything is possible when community is strong, and I feel our community is.
DOGE: DJpqwezzrdg6E8vNxqM6FBdXSMQrEd35bj
Thats what I was thinking, so the obvious choice would be animals right? DOGE!? Sea shepherd? ASPCA some animal cause, let's put this Doge to good use!!
I think to give another boost in DOGE we should focus on other causes. Who knows how to help someone with a rare disease to undergo treatment or donate to some catastrophe to happen. I think the media would love an action of this magnitude. For the record, I'm in an action of this. Long live DOGECOIN.
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