Bitcoin high fee has brought dogecoin to limelight - page 4.

aioc

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Quote from: Raytheon on April 17, 2021, 01:30:03 PM

You know what, after DOGE skyrocketed, all dog-related tokens followed, including Shiba Inu and Akita Inu. Even a less related token like Pig Finance also pumped hard. If DOGE had some real bitcoin-alternative value like you said, Shiba Inu and Akita Inu must have had some, huh? In fact, without Elon Musk, maybe nobody even knows about DOGE.

Is this a bad precedent? is it all depends on the status of the person supporting a coin, I'm not a Doge hater but if it has somethign great to offer to the community it should be pumped long ago and not because the richest man in the world is tweeting it, there are a lot of coins/tokens in the market that deserves supports because they have something great to offer to the community, the market has become who supports what coins now scenario.

larus

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Im not sure that dogecoin price is somehow connected to btc fees. Dogecoin price is only connected with memes and Elon Musk tweets

BitcoinHodler

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HODLing is an art, not just a word...

you guys are taking pumping so seriously with the stories you build around them for justification which funny enough you forget the moment dumping begins Cheesy

as long as doge is not used in any place that accepts bitcoin payments, it is not going anywhere past the joke coin status. and the day it starts being accepted as payment is the day that its fees shoots up to at least 10x of bitcoin's transaction fees because the doge technology is the exact same thing as bitcoin's!

acener

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It isn't BTC transaction fee that brought Dogecoin to the limelight it is the influential people who keeps on promoting it to gain price.
If it's just about the transaction fee there are so many other better crypto than to Dogecoin who has stopped on development a long time ago.

buyandhold777

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Dogecoin will eventually fall. Like it did last time.

J1mb0

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There is no relationship between bitcoin's transaction fees and doge's rise, and doge coin's price increases for a different reason.
It is the hype of the elon musk that causes the doge to increase in price, everyone should be careful with this.

revilo

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Quote from: BitcoinPanther on April 18, 2021, 03:18:24 AM

Quote from: palle11 on April 17, 2021, 12:56:28 PM

Apart from Elon musk hyping dogecoin these past months that got price hanging at $0.05 now the price has gone skyrocket. The skyrocket price of doge I believe is becayof the high fees of bitcoin transaction.

Dogecoin is proving to be a more optional coin to bitcoin and that is undoubtedly pushing price high and for the first time dogecoin has made a return to faithful hodlers. Grin

I think it is not the high fee of BTC that brought dogecoin to limelight, it is the constant meddling of Elon Musk that brought Dogecoin to the attention of whales and masses. If it is the high fee of BTC then there is other cryptocurrency that can offer a lesser fee and a faster transaction.

High fees may also play a minor role in all of this although I think that people will just use BCH or something else instead that also has low fees. What does the average transaction with DOGE cost right now?

BitcoinPanther

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Quote from: palle11 on April 17, 2021, 12:56:28 PM

Apart from Elon musk hyping dogecoin these past months that got price hanging at $0.05 now the price has gone skyrocket. The skyrocket price of doge I believe is becayof the high fees of bitcoin transaction.

Dogecoin is proving to be a more optional coin to bitcoin and that is undoubtedly pushing price high and for the first time dogecoin has made a return to faithful hodlers. Grin

I think it is not the high fee of BTC that brought dogecoin to limelight, it is the constant meddling of Elon Musk that brought Dogecoin to the attention of whales and masses. If it is the high fee of BTC then there is other cryptocurrency that can offer a lesser fee and a faster transaction.

so98nn

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Unlike other I also think that higher fees of bitcoin has got nothing to do with the DOGE hype. It's one and only one reason and thats Elon! If people wants to transact then they have better options like Litecoin, stablecoins, TRX, etc. There is no point in using DOGE for the transactions because it is very unstable currency at this point and before you can transfer the money you could actually loose some money. Lolz.

I believe that DOGE is only good for investment and trading. Since it has less value and high volatility, one should focus on DOGE as investment plan only. I have myself earned cool profits right after Elon tweeted 2 days ago. In 22 hours period the DOGE was 160% up, well that was my profit! Tongue

acdc

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To be honest, the Doge coin's appreciation in recent days has taken me quite by surprise, but Doge cannot compare or replace Bitcoin.
Doge is a coin with an infinite supply, so its price cannot go too high.

bittick

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You're really mistaken if you think all the pumps that has happened in doge market caused by bitcoin high fee, I mean, if you really eager to make a transaction while at the same time didn't want to spend too much on fee there's so many alternatives that's better than doge with less volatility and if you see the pump of doge coin happens right after elon made a tweet relating to doge and it has been like that since the first time elon trying to talk about doge or crypto in general. If you don't believe, try to find doge hodlers maybe in reddit or instagram and ask them, most of them buying it just out of speculation and trying to make quick buck.

onecall123

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Quote from: Fundamentals Of on April 17, 2021, 11:14:59 PM

Dogecoin suddenly gained attention because of Elon's sarcastic reference of it. And then it simply went a lot more popular from that point onwards. Many people are now seeing it more than a meme coin which was not even updated for a long time. The cheap fees with Dogecoin has been one of the reasons why the coin is still much used until today. But lately, it is more than just a cheap coin perfect for tipping. It has now also become one of the coins to invest on.

Doge was rounding us for a long time, but I'm glad it's starting to take off. Elon Musk may knows something that we don't know, he plays with Doge and now just to prove its all pump and dump. Keep believing Elon's supremacy, he is the only reason to breakthrough.

blue_nexus15

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Quote from: palle11 on April 17, 2021, 12:56:28 PM

Apart from Elon musk hyping dogecoin these past months that got price hanging at $0.05 now the price has gone skyrocket. The skyrocket price of doge I believe is becayof the high fees of bitcoin transaction.

This is not the reason. It's just the temporary hype I know. Gas fees of bitcoin or ETH, .. can be people complaining about it but not the mastermind of the rockets with Doge. Be careful with this. I think that is just Elon Musk's Plan B. Last time was the same and derived from Elon's tweet, BTC went down to $ 44k while Doge went to the moon. Lol, I hope I don't fall in love with this.

Fundamentals Of

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Dogecoin suddenly gained attention because of Elon's sarcastic reference of it. And then it simply went a lot more popular from that point onwards. Many people are now seeing it more than a meme coin which was not even updated for a long time. The cheap fees with Dogecoin has been one of the reasons why the coin is still much used until today. But lately, it is more than just a cheap coin perfect for tipping. It has now also become one of the coins to invest on.

asriloni

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You are missing something. Doge is getting pumped caused by the hype from the big player. You must see elon's tweet about doge. The pump that happened on doge is not having any relationship with the bitcoin transaction fees.
If that was true and then why don't ethereum investors moving to the doge coin? as far as I know ethereum fees is much more expensive compared with the bitcoin transaction fees.
Try to check the fact dude.

posi

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Quote from: palle11 on April 17, 2021, 12:56:28 PM

Apart from Elon musk hyping dogecoin these past months that got price hanging at $0.05 now the price has gone skyrocket. The skyrocket price of doge I believe is becayof the high fees of bitcoin transaction.

There's something you seem not to understand, Dogecoin is not the only cheap to send coin we have in the market. Why would Bitcoin high fee be the reason to make Dogecoin skyrocket? What you are seeing is just a mere manipulation.

Quote from: palle11 on April 17, 2021, 12:56:28 PM

Dogecoin is proving to be a more optional coin to bitcoin and that is undoubtedly pushing price high and for the first time dogecoin has made a return to faithful hodlers. Grin

You still don't get it no altcoin in the market or that will be created in the future will be an optional coin to Bitcoin

Sophiya

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Personally, I was attracted by the doge for a long time, and I believed in their success although with their price there was an eternal fever lol, and Elon Musk, of course, raised a wave of noise around the token with his actions

Sled

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Quote from: palle11 on April 17, 2021, 12:56:28 PM

Apart from Elon musk hyping dogecoin these past months that got price hanging at $0.05 now the price has gone skyrocket. The skyrocket price of doge I believe is becayof the high fees of bitcoin transaction.

Dogecoin is proving to be a more optional coin to bitcoin and that is undoubtedly pushing price high and for the first time dogecoin has made a return to faithful hodlers. Grin

I'd never seen that, maybe people are considering other options but I'm not sure if they took Doge in replacement. No, probably not and I was still thinking that they stick on Bitcoin and never withdraw their funds.

If you ever saw that Dogecoins is surging high, that gonna be expected as most of the altcoins now are on the rally, not because of Bitcoin's huge transaction fees but this is because the whole crypto market is in the bullish season. We have to that on the consideration and that is no relation to Bitcoin's fees.

Altcoinsintel

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If you are so good at short term speculations then you can be profitable. However your post was created when exactly?
It should be best to write the price of Doge too when you posted this. Because if it was forty cents you are making others buy some irrational top.
In fact, I am not feeling good seeing Doge being this high and I am taking precautions for all my investments. I don't like this kind of madness and I am sure that Doge will later make new All time lows, instead of being a good investment as many noobs are presenting it.

Little Mouse

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I doubt Doge price has a connection with Bitcoin fees. Is their any proven chart, did anyone examine this hypothesis? Bitcoin fee has increased so many times but I can't remember I have seen Doge price has doubled while this time, it was almost 8x.

Topic: Bitcoin high fee has brought dogecoin to limelight - page 4. (Read 638 times)