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Topic: Bitcoin trending down. Dogecoin trending up. - page 4. (Read 5856 times)

legendary
Activity: 2912
Merit: 6403
Blackjack.fun
February 16, 2014, 08:44:14 PM
#30
I'm no expert financial adviser or anything of the sort....

Why do you even bother posting financial stuff? <--retorical

I hold a stake in both bitcoin and dogecoin and it interests me.  I'm just trying offer my speculation and I knew that it wasn't going to be popular because my speculation is bitcoin is trending down.  I get the feeling from reading around here for some time that  people expect that it's going to bounce back up to the $1200 and continue on up "to the moon" as you like to say.  I just don't see it.  If Apple's stock or Google's stock or Facebook's stock isn't worth $10,000 a share I don't see any reason why bitcoin should be worth $10,000 a coin.  Wishful thinking IMO.
Bitcoin will go up, just a matter of time. Not sure why you bother with Doge.

It's been my observation that when bitcoin goes down, dogecoin goes up.  It appears investors flock to dogecoin during bitcoin drops and drive the price up only to flock back to bitcoin once the drop is over.  That was the reasoning of my thread subject.  As bitcoin continutes to decline like I think it will, dogecoin will probably end up going up.  What makes dogecoin different than the other 100 something cryptos (aside from bitcoin and litecoin) is that it is extremely popular.  Just like bitcoin bulls love positive media attention, so do other crypto bulls and dogecoin has received a lot of positive media attention.  It's certainly not on the level of bitcoin yet, but I don't see why it couldn't honestly.  It might have started as a joke, but do you think a $71 million market cap is a joke now?  It seems pretty legit to me. That's why I diversified my crypto portfolio.  Just like a savvy investor would any stock portfolio.  To me it just seems like a good idea.  Hold a little of each ya know?  
Doge will crack soon, but i do believe in Infinitecoin. Might add that to your portfolio. No pump and dumps, just steady grow.

Oh really , infinitecoin , and what's so special about this one?
legendary
Activity: 2590
Merit: 3015
Welt Am Draht
February 16, 2014, 08:44:03 PM
#29
I think Mr Buffet would be the first to admit he's pretty old school. I'm not going to be taking advice on this subject at least.
sr. member
Activity: 344
Merit: 250
February 16, 2014, 08:42:24 PM
#28
I'm no expert financial adviser or anything of the sort....

Why do you even bother posting financial stuff? <--retorical

I hold a stake in both bitcoin and dogecoin and it interests me.  I'm just trying offer my speculation and I knew that it wasn't going to be popular because my speculation is bitcoin is trending down.  I get the feeling from reading around here for some time that  people expect that it's going to bounce back up to the $1200 and continue on up "to the moon" as you like to say.  I just don't see it.  If Apple's stock or Google's stock or Facebook's stock isn't worth $10,000 a share I don't see any reason why bitcoin should be worth $10,000 a coin.  Wishful thinking IMO.
Bitcoin will go up, just a matter of time. Not sure why you bother with Doge.

It's been my observation that when bitcoin goes down, dogecoin goes up.  It appears investors flock to dogecoin during bitcoin drops and drive the price up only to flock back to bitcoin once the drop is over.  That was the reasoning of my thread subject.  As bitcoin continutes to decline like I think it will, dogecoin will probably end up going up.  What makes dogecoin different than the other 100 something cryptos (aside from bitcoin and litecoin) is that it is extremely popular.  Just like bitcoin bulls love positive media attention, so do other crypto bulls and dogecoin has received a lot of positive media attention.  It's certainly not on the level of bitcoin yet, but I don't see why it couldn't honestly.  It might have started as a joke, but do you think a $71 million market cap is a joke now?  It seems pretty legit to me. That's why I diversified my crypto portfolio.  Just like a savvy investor would any stock portfolio.  To me it just seems like a good idea.  Hold a little of each ya know?  
Doge will crack soon, but i do believe in Infinitecoin. Might add that to your portfolio. No pump and dumps, just steady grow.
legendary
Activity: 2114
Merit: 1015
February 16, 2014, 08:41:24 PM
#27
Only idiots want to invest in an investment that could lose them everything overnight.  Do you think Warren Buffet is going to be buying bitcoins?  He's the smartest investor in the world and he shuns them.  He realizes that bitcoin is a bubble ready to burst.  For whatever reason we have a group on this forum that believes that they are smarter than Warren Buffet.  I'm with Warren.  I trust him.  



He sure isn't the smartest investor in the world if he fails to see the potential of crypto currencies. I'd say he's just another old fuck who has gotten rich and takes the credit from the idiots who can't live without idols, authorities and geniuses to follow.
newbie
Activity: 29
Merit: 0
February 16, 2014, 08:39:24 PM
#26
I'm no expert financial adviser or anything of the sort....

Why do you even bother posting financial stuff? <--retorical

I hold a stake in both bitcoin and dogecoin and it interests me.  I'm just trying offer my speculation and I knew that it wasn't going to be popular because my speculation is bitcoin is trending down.  I get the feeling from reading around here for some time that  people expect that it's going to bounce back up to the $1200 and continue on up "to the moon" as you like to say.  I just don't see it.  If Apple's stock or Google's stock or Facebook's stock isn't worth $10,000 a share I don't see any reason why bitcoin should be worth $10,000 a coin.  Wishful thinking IMO.
Bitcoin will go up, just a matter of time. Not sure why you bother with Doge.

It's been my observation that when bitcoin goes down, dogecoin goes up.  It appears investors flock to dogecoin during bitcoin drops and drive the price up only to flock back to bitcoin once the drop is over.  That was the reasoning of my thread subject.  As bitcoin continutes to decline like I think it will, dogecoin will probably end up going up.  What makes dogecoin different than the other 100 something cryptos (aside from bitcoin and litecoin) is that it is extremely popular.  Just like bitcoin bulls love positive media attention, so do other crypto bulls and dogecoin has received a lot of positive media attention.  It's certainly not on the level of bitcoin yet, but I don't see why it couldn't honestly.  It might have started as a joke, but do you think a $71 million market cap is a joke now?  It seems pretty legit to me. That's why I diversified my crypto portfolio.  Just like a savvy investor would any stock portfolio.  To me it just seems like a good idea.  Hold a little of each ya know?  
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
February 16, 2014, 08:39:01 PM
#25
Who is paying with DOGE for goods and what merchants accept DOGE?

I think there is a bakery and a salt shop accepting doge =)))))))))
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
February 16, 2014, 08:36:57 PM
#24
Who is paying with DOGE for goods and what merchants accept DOGE?
newbie
Activity: 29
Merit: 0
February 16, 2014, 08:32:46 PM
#23
I'm no expert financial adviser or anything of the sort....

Why do you even bother posting financial stuff? <--retorical

I hold a stake in both bitcoin and dogecoin and it interests me.  I'm just trying offer my speculation and I knew that it wasn't going to be popular because my speculation is bitcoin is trending down.  I get the feeling from reading around here for some time that  people expect that it's going to bounce back up to the $1200 and continue on up "to the moon" as you like to say.  I just don't see it.  If Apple's stock or Google's stock or Facebook's stock isn't worth $10,000 a share I don't see any reason why bitcoin should be worth $10,000 a coin.  Wishful thinking IMO.

Bitcoin isn't a stock, and it's not a company.  Would you equate the use of e-mail to the successes of Outlook, thunderbird, and whatever other e-mail clients exist? No, because that would be retarded.  Much like your comparisons of the makret trends of bitcoin and dogecoin.  Call me if the DOHS ever has a panel hearing about what to do with Dogecoin.

My comparison of bitcoins to stock is because they're both investments.  I realize they're not the same financial instrument, but they're an investment right?  I thought that would just be obvious but some people obviously can't read between the lines.  Anyways, there was a panel hearing not because they're licking their chops like the "to the mooners" around these parts, they had a hearing because bitcoin is being used as a fiat and has a market cap of billions of dollars.  So they're trying to understand what it is, what it means, perhaps what taxes and regulations should be imposed.  I think some people tend to see this as very bullish and believe that the people behind these hearings are bullish and and are pro bitcoin.  But I don't.  It was just an information gathering session and they'll decide how they want to proceed.  See those people have something that us average Joes don't.  Power.  They have power because they have money and are in positions of authority.  And if they feel that bitcoin is a threat to banking institutions and money, they're going to squash it like a bug.  That or they'll just tax it heavily and profit from it.  Do you really think that they are going to welcome bitcoin with open arms when they already realize that it's used for money laundering, gambling, drug selling and buying amongst other things and that it would basically eliminate any bank of wire fees that people would have to pay which they already do?  The only way they're going to go for it is if it's in their best interest.  Capital gains taxes would be the only way.  And heavy regulations.  
legendary
Activity: 2590
Merit: 3015
Welt Am Draht
February 16, 2014, 08:31:40 PM
#22
I don't know why Dogecoin makes Bitcoin fans so sad. It has a few things to teach us.

The psychology of the desire to possess whole units is being proven in front of our eyes. Yes, that's irrational. It's also human nature.

It has also become unlimited in numbers. That'll be an interesting experiment in itself.

I've no idea whether it'll be here to stay. It is more probable that it'll make more money for those who hold any in the short term at least compared to BTC.
sr. member
Activity: 448
Merit: 250
February 16, 2014, 08:24:13 PM
#21
Dogecoin can go up, but only as a bottom feeder on bitcoin-related activity.
sr. member
Activity: 344
Merit: 250
February 16, 2014, 08:21:38 PM
#20
I'm no expert financial adviser or anything of the sort....

Why do you even bother posting financial stuff? <--retorical

I hold a stake in both bitcoin and dogecoin and it interests me.  I'm just trying offer my speculation and I knew that it wasn't going to be popular because my speculation is bitcoin is trending down.  I get the feeling from reading around here for some time that  people expect that it's going to bounce back up to the $1200 and continue on up "to the moon" as you like to say.  I just don't see it.  If Apple's stock or Google's stock or Facebook's stock isn't worth $10,000 a share I don't see any reason why bitcoin should be worth $10,000 a coin.  Wishful thinking IMO.
Bitcoin will go up, just a matter of time. Not sure why you bother with Doge.
legendary
Activity: 1512
Merit: 1000
February 16, 2014, 08:19:21 PM
#19
I'm no expert financial adviser or anything of the sort....

Why do you even bother posting financial stuff? <--retorical

I hold a stake in both bitcoin and dogecoin and it interests me.  I'm just trying offer my speculation and I knew that it wasn't going to be popular because my speculation is bitcoin is trending down.  I get the feeling from reading around here for some time that  people expect that it's going to bounce back up to the $1200 and continue on up "to the moon" as you like to say.  I just don't see it.  If Apple's stock or Google's stock or Facebook's stock isn't worth $10,000 a share I don't see any reason why bitcoin should be worth $10,000 a coin.  Wishful thinking IMO.

Bitcoin isn't a stock, and it's not a company.  Would you equate the use of e-mail to the successes of Outlook, thunderbird, and whatever other e-mail clients exist? No, because that would be retarded.  Much like your comparisons of the makret trends of bitcoin and dogecoin.  Call me if the DOHS ever has a panel hearing about what to do with Dogecoin.
newbie
Activity: 29
Merit: 0
February 16, 2014, 08:14:24 PM
#18
I'm no expert financial adviser or anything of the sort....

Why do you even bother posting financial stuff? <--retorical

I hold a stake in both bitcoin and dogecoin and it interests me.  I'm just trying offer my speculation and I knew that it wasn't going to be popular because my speculation is bitcoin is trending down.  I get the feeling from reading around here for some time that  people expect that it's going to bounce back up to the $1200 and continue on up "to the moon" as you like to say.  I just don't see it.  If Apple's stock or Google's stock or Facebook's stock isn't worth $10,000 a share I don't see any reason why bitcoin should be worth $10,000 a coin.  Wishful thinking IMO.
full member
Activity: 238
Merit: 100
Stand on the shoulders of giants
February 16, 2014, 08:08:02 PM
#17
You see, NXTcoin the reasons to not use confrontational marketing campaign  ? I've got many friends and relatives working in publicity field .. and guess what they think ( and the have data about it ) campaigns like microsoft against gmail ... and others as well... It's works for politicians though Wink
sr. member
Activity: 344
Merit: 250
February 16, 2014, 08:04:30 PM
#16
I'm no expert financial adviser or anything of the sort....

Why do you even bother posting financial stuff? <--retorical
hero member
Activity: 531
Merit: 501
February 16, 2014, 08:02:30 PM
#15
I'm no expert financial adviser or anything of the sort, but it's my observation that bitcoins priced in the hundreds of dollars is way overvalued.  And dogecoin priced at well under a penny is way undervalued. 

  Bitcoin's are used for illegal activities while dogecoin are not. 

Dogecoin is the natural payment choice for canine bestiality porn
full member
Activity: 238
Merit: 100
Stand on the shoulders of giants
February 16, 2014, 07:58:17 PM
#14
As I say about doge... It's a nice experiment in both marketing and the way coins are been mined (yes look insanity in both case ) ..but 2015 will be a funny year .. lets see how miners will keep the networking running or they all will migrate to another coin ...
legendary
Activity: 1246
Merit: 1000
February 16, 2014, 07:53:28 PM
#13
I fail to see Dogecoin as a joke when it's completely kicked btc's ass as an investment since it was created. Check btc value in early Dec vs now, then Doge when it was created in Dec and now if you don't buy it.

You're seriously comparing the entire lifespan of dogecoin (2 months lol) with the performance of bitcoin in only the last two months of its 4+ years of existence? Without bitcoin dogecoin wouldn't even exist, it's just an old copy of litecoin with a meme behind it and decent marketing. Let's talk again in a year from now, I'm willing to bet that even litecoin will easily outperform dogecoin in the course of an entire year. Silly hypes never last very long, and nobody is going to take a coin like dogecoin seriously. I give dogecoin 4 more months at most until people get bored of it and it will die a slow death. Good luck with your delusions.
newbie
Activity: 29
Merit: 0
February 16, 2014, 07:45:18 PM
#12
Dogecoin will never, EVER come even close to bitcoin in any way (price, market cap, adoption, any metric you want).  Doge coin is a joke.  Literally a joke.  100billion of them, with 5 billion more being created annually, it may continue to be used by childish meme lovers to tip each other every time they rhyme shibe with something, but other than that there is no future for it.

Ask yourself this; what problem does dogecoin solve? 

Mods instead of moving this to off topic it probably belongs in the trash.

Ask yourself this; What can a Bitcoin do that a Dog, Lite, PP coin can't?
Don't hurt yourself over this, it's a rhetorical question, and I'll answer it for you. NOTHING! Every one of these "Coins" can solve the exact same problems in exactly the same way. The only real difference is the total number of supply and the subtle change to the hashing algorithm. Otherwise they're identical.

I think that's an argument for my topic subject.  Since they are all basically one in the same, there's no reason for one to be worth hundreds of dollars more than the other.  Let's set the price aside for a second, why should someone who knows nothing of the history of either coin choose one over the other?  Do they not offer the save advantages?  I believe the difference in price is #1 because bitcoin got a head start and #2 bitcoin for whatever reason was the chosen crypto for illegal activities on the darknet.  Silk Road helped make bitcoin what it is today.  One could even argue that there are other currencies that could process faster than the bitcoin block chain so for using them as payment methods it would be an advantage to use a crypto that processes faster.  
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
February 16, 2014, 07:44:11 PM
#11
I'm no expert financial adviser or anything of the sort, but it's my observation that bitcoins priced in the hundreds of dollars is way overvalued.  And dogecoin priced at well under a penny is way undervalued. 

Just went to http://coinmarketcap.com/ and checked out the 180 day trend.  It's pretty obvious to me, even as a rookie investor, that bitcoin will continue to decline and dogecoin will continue to go up.  More than the trends is the fact that bitcoin's image is now tarnished or tainted if you will.  Bitcoin's are used for illegal activities while dogecoin are not.  Bitcoins are being targeted by hackers because of their extreme value while dogecoins are not. 

So my speculation in summary is this.  In the short term bitcoin will continue to decline in price and usage as dogecoin continues to increase in price and usage until regulations and laws squash the crypto movement at which point in time all cryptos will become illegal and worthless and cease to exist. 

Friendly advice , If you really believe that , stay away from cryptos or trading or investments.
And get some checkups where you're supposed to have a brain.
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