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Topic: Any Use Cases For Dogecoin? - page 3. (Read 390 times)

hero member
Activity: 2086
Merit: 994
Cats on Mars
May 02, 2019, 12:21:29 AM
#29
Despite DOGE geing called a meme coin and whatnot, it's an altcoin that gets accepted as payment in many websites accepting cryptos. For instance, some crypto gambling casinos like Stake, Bitsler, Fortunejack, etc, all accept DOGE. You can also buy an account from AirVPN using dogecoin. For all the hate and jokes it gets, I think dogecoin works better as a "cryptocurrency" than many other cryptos that are above it in the charts that are nothing but vaporware or hopes & dreams.

Does Dogecoin have a future?
Depends on what you mean by future. If you mean whether it can give you profits if you hold it for the short/long-term, I'd say all altcoins have potential to give you decent profits once the next bull run or altcoin cycle begins.
full member
Activity: 794
Merit: 100
May 01, 2019, 11:50:28 PM
#28
really a doge coin just with huge emissions and it seems the emissions in it are not limited. but I would not hurry to exchange it. It is very old coin and it constantly occupies a rather high place for capitalization. It is traded on many well-known exchanges. Many exchanges have traded alcoins in pairs to doge, it is quickly translated and has a low commission for translation. And more its very often a pump and very high. Now it is low from its maximum price so I would not advise to sell
hero member
Activity: 2366
Merit: 504
May 01, 2019, 11:36:07 PM
#27
Indeed Dogecoin infinite supply will can't make the price grow up, but Dogecoin can be used to send small amount of money and also to use for faster confirmation and maybe will be used more on future for small payment between people or to buy something.
When more doge comes to the market and it gets less demand and then the price will go down. That's the only use of dogecoin and it has no other usefulness. But not so many people are using it as pump and dump coin rather than use it as their transaction or payment system.
full member
Activity: 420
Merit: 100
May 01, 2019, 06:53:25 PM
#26
for myself, I actually collected some doge for the investment of jaka panjuang even though the price is still low, but if the doge increase can continue to occur, eating will get quite a lot of profit.
full member
Activity: 1024
Merit: 100
May 01, 2019, 05:38:17 PM
#25
Should I convert the Dogecoin to BTC or ETH?, Does Dogecoin have a future?
if you want to grow, you have to convert it to btc or eth or other altcoins that have the potential to rise more. and I see doge has no future because from the start the coin was only for jokes. but even so doge will always be there.
hero member
Activity: 1358
Merit: 509
May 01, 2019, 04:50:57 PM
#24
I guess safety is something that most of us need lately. Even after all this scam thing. Dogecoin gained this trust by the community. In addition, the community is of great importance and the doge has succeeded in doing so, today its price is much higher than when it was created.
hero member
Activity: 1414
Merit: 516
May 01, 2019, 12:36:28 PM
#23
Indeed Dogecoin infinite supply will can't make the price grow up, but Dogecoin can be used to send small amount of money and also to use for faster confirmation and maybe will be used more on future for small payment between people or to buy something.
newbie
Activity: 78
Merit: 0
May 01, 2019, 10:32:28 AM
#22
I was recently tipped a decent amount of Dogecoin on Tipestry for posting about a bunch of different cryptos. Should I convert the Dogecoin to BTC or ETH? Does Dogecoin have a future? I'm thinking about keeping it on Tipestry for a while and then transferring it out to my ledger (assuming I don't convert it to BTC/ETH)

I personally wouldn't use it, but if you're getting tipped in it, then I don't think it would hurt to hodl it for a week or so before converting it to another currency.
legendary
Activity: 3276
Merit: 3537
Nec Recisa Recedit
May 01, 2019, 04:21:36 AM
#21
no you shouldn't use dogecoin as investment.

unless you have already a big portfolio with hundreds of coins: dogecoin has always a positive outlook, it's widely used, hard to manipulate, easy to transfer.......

the value (fiat/dogecoin) during the years has been pumped a lot despite inflationary production.
From 0,00018 USD (6 AUG 2014) to 0,016 USD (8 JAN 2018) actually 0.0025 USD!
Other coins due their nature, (lack of community, not widely accepted, hard to use...), can just fail and lose value during the years despite they seems a better investment!

 
full member
Activity: 1904
Merit: 138
★Bitvest.io★ Play Plinko or Invest!
May 01, 2019, 04:16:32 AM
#20
Dogecoin is a coin with infinite supply. This makes it a bad choice for investment. That doesn't make though Dogecoin a bad coin and maybe somebody will find a way to "salvage" it.
Dogecoin use to have a great community. This means value if one can use it.
Dogecoin is a great learning coin, since is very similar to Bitcoin in many aspects.
Dogecoin was in the past my main choice at transferring coins between exchanges (I didn't trust and still don't trust stablecoins, especially USDT). And yes, it's traded at a great number of exchanges.
Dogecoin, although is a meme coin, is one of the few cryptos that can behave exactly like the money as we know it, exactly because its infinite supply.

Up until now, doge is my first choice whenever I transfer money from one exchange to the next. I don't have to wait for too long and been trusted for so many years already. It is like, you can never go wrong when you use doge for transferring your coins. Based from my experiences though. And yes, with its infinite supply, I don't think it will be a good investment. Maybe for use case, can be an alternative as payment instead of bitcoin. Pretty cheap also when it comes to tx fees.

member
Activity: 203
Merit: 14
May 01, 2019, 04:12:09 AM
#19
Thank you for such a detailed report. Easy to understand. I was really not aware this coin has an infinite supply.
I was holding DOGE for a short period of time and took some profit while ago. For investment, I think it is not the best coin to hold as it is with infinite supply somehow against the most important crypto benefit.

Dogecoin is a coin with infinite supply. This makes it a bad choice for investment. That doesn't make though Dogecoin a bad coin and maybe somebody will find a way to "salvage" it.
Dogecoin use to have a great community. This means value if one can use it.
Dogecoin is a great learning coin, since is very similar to Bitcoin in many aspects.
Dogecoin was in the past my main choice at transferring coins between exchanges (I didn't trust and still don't trust stablecoins, especially USDT). And yes, it's traded at a great number of exchanges.
Dogecoin, although is a meme coin, is one of the few cryptos that can behave exactly like the money as we know it, exactly because its infinite supply.
sr. member
Activity: 868
Merit: 281
May 01, 2019, 04:11:09 AM
#18
I was recently tipped a decent amount of Dogecoin on Tipestry for posting about a bunch of different cryptos. Should I convert the Dogecoin to BTC or ETH? Does Dogecoin have a future? I'm thinking about keeping it on Tipestry for a while and then transferring it out to my ledger (assuming I don't convert it to BTC/ETH)

Dogecoin is one of the older cryptocurrencies that still has a large following. It is based on the Shiba Inu meme from late 2013. My main concern with that coin is that one of its founders, Jackson Palmer, seems to talk smack about other cryptourrencies. He's just negative energy in the space.
It seems like you didn't understand about what he was talking about. he was asking about does the doge coin has a potential?

OP, the only use cases for doge to create a transaction that needs low fees and I don't see any other reason to hold it. You must stick your doge to another promising coin.  

I agree, I went somewhat on a tangent. As for use cases, like you said, low fees and a recognized brand in the space that people trust. However, it doesn't offer anything that other coins such as Litecoin and DASH do not.
legendary
Activity: 2688
Merit: 1262
May 01, 2019, 04:10:21 AM
#17
Never know to much about Dogecoin, from my experience using Dogecoin just for Alternative Transaction. Because by using Dogecoin we can sent a large asset with a cheap fee. If we see about Dogecoin, I never hear some news about them from their development also the developer i dont know to much about them.
jr. member
Activity: 346
Merit: 1
May 01, 2019, 04:08:39 AM
#16
Apart from payment I don't know of any other use case of Dogecoins
jr. member
Activity: 31
Merit: 1
May 01, 2019, 04:07:47 AM
#15
I was recently tipped a decent amount of Dogecoin on Tipestry for posting about a bunch of different cryptos. Should I convert the Dogecoin to BTC or ETH? Does Dogecoin have a future? I'm thinking about keeping it on Tipestry for a while and then transferring it out to my ledger (assuming I don't convert it to BTC/ETH)

I would not advise you to keep your money in Doge for the long run. However, it depends on your risk/reward attitude. Being a joke crypto, Doge has outperformed many cryptocurrencies with ideas, and who known for how long that will continue and whether this rend will be broken at all. Doge has really big audience, even Elon Mask tweeted about it. But I would rather convert at least half of Doge to something more reliable, maybe distribute in top-5 coins.
member
Activity: 504
Merit: 10
May 01, 2019, 04:06:09 AM
#14
Dogecoin is one of the strongest coins that exists today, where can you use this? If you see a dogecoin exchange site that is always there, if you play in most crypto gambling games, Dogecoin is there and there are also many services that accept Dogecoin.
full member
Activity: 798
Merit: 103
May 01, 2019, 04:04:10 AM
#13
Dogecoin has still a future for traders. It is not as valuable as Bitcoin, but it is an old coin which is present at any exchanges. It is good to have some Dogecoin.
member
Activity: 686
Merit: 10
May 01, 2019, 03:59:38 AM
#12
In the long term probably Dogecoin is not the best option, I would probably convert them into those coins in which I believe more.
hero member
Activity: 1568
Merit: 511
May 01, 2019, 03:29:09 AM
#11
Well its more of a community coin that is use for tipping/rewarding others instead of doing main transactions
It's more of a community owned coins that is use for fun purpose

Of course you can make people adopt it by implementing ways to spent with Doge, but i doubt that it will be effective
legendary
Activity: 1946
Merit: 1137
May 01, 2019, 03:27:20 AM
#10
to add to what NeuroticFish said, i say it depends on the amount that you have received. you didn't mention how much Doge is "a decent " amount that you have received. if it is a couple of bucks then holding it is not a bad idea, you can use it to tip others on many different platforms, you can gamble with it in a lot of gambling sites, there are also some rare cases of some online websites selling (small) stuff for cryptocurrency and accept Doge as payment. but don't do it as an investment of if you hope it can gain value over time because it won't thanks to its unlimited supply and the joke nature of it.
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