Topic: Bitcoin trending down. Dogecoin trending up. - page 5. (Read 5844 times)

Yes doge coin is a joke that's makes lot of people really angry ... doge was designed to be a penny ( or faction of penny ) coin so people could spread the idea to a very large group of people..

Bitcoin in other hand has reached a very high prices witch makes people think very serious as long term investment. The network diff makes BTC even more valued.

To be very honest I can have doge or any other coin on my mobile/cell phone but my btc are cold stored.

I'm sure Warren Buffet will approve of Dogecoins, however.

Extremely volatility is the turnoff for most investors.  Such high risk investments are typically frowned upon especially for those who are a bit older and nearer to retirement.  I LOL at those who think the ETF is going to bring in all sorts of investment money.  Bitcoin isn't backed up by anything.  At least with stocks there are quarterly reports and goods and services being produced and that is what you are investing in.  What are you investing in with bitcoin other than a series of digital letters and numbers and and a prayer that your investment will turn a profit?  

Don't people realize that a ride up to $10,000 or $100,000 would be an extremely bumpy one.  The ride from a few dollars up to $1200 has been and will continue to be an extremely bumpy one.  Somehow people have it in their heads that everyday investors are going to want to invest in something that is so volatile.  Grandpa and grandma don't want to invest in a nontraditional investment that could overnight lose them everything.  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.  

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 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. 
Aside from this complete ass kicking profit differential, people are stupid as we all know, and need to have things packaged like they are used to. They have a problem with a single coin being worth hundreds or thousands of dollars. The mainstream will take to Doge better because it will most likely end up being worth around a cent.
I've got 2 miners, about 2.5 mh/s each - one is and will continue to make Doge until it's worth real money or collapses. It's a better bet than BTC imo.

This.

I expected nothing less from bitcoin touts like yourselves.  I am curious to hear your side of the argument.  It seems that all you can bring to the table though is bashing. 

Cryptos don't solve problems they create them for the powers that be.  That was my argument.  Neither dogecoin nor bitcoin solves problems.  They are problems.  Problems that will in the future cease to exist. 

GL hodling your portfolios away to zero. 

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.

Pretty much the only thing you got right in your first post is the first half of your first sentence. I suggest you spend more time thinking to yourself so you can come up with an actual argument.

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.  Bitcoins are supported by what appears to be greedy hodlers while dogecoin is supported by friendly, giving compassionate shibes.  The writing is on the wall.  As I've grown older over the years I've observed a human tendency to lie to oneself.  People tend to believe what they want to believe and not always what's true.  They let their emotions or feelings shape their beliefs.  It's my observation that bitcoin hodlers are lying to themselves thinking their bitcoins are going to increase to tremendous values of $10,000 or $100,000 or whatever.  Yeah right.  Even after piggy backing the largest nation in the world bitcoin could only muster up enough momentum to hit $1200.  Bitcoin is not an ally of law enforcement, governments or banks.  It's more like the enemy.  And those who hold the power will sooner than later flex their muscle and squash the bitcoin movement.  Nobody is going to want to use bitcoins as their method of currency.  It's not going to replace fiat.  Fiat in the future will move to 100% digital so all paper trails will be monitored and controlled by the government.  The converting of bitcoins to cash or cash to bitcoins will become illegal and impossible once paper money is gone.  Also, once paper money is gone, there is no need for bitcoin as the digital payments made will be as easy as they already are.  Just whip out your iPhone, open your bank of America or whatever bank app you have, and send someone some money. 

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.  Everyone is entitled to their own opinion and this is mine.  I refuse to believe that an individual named Satoshi who wrote a computer program to basically copy a system that was already in place (a digital payment system via bank apps, paypal, etc. etc.) is going to change the way money is exchanged in the future.  There are far too many more powerful people who will be taking that role.  Sorry Satoshi.  Sorry investors.