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Topic: Coinbase adding dogecoin (Read 308 times)

jr. member
Activity: 276
Merit: 1
May 25, 2021, 10:13:24 PM
#32
Dogecoin has grown substantial in popularity and the community has been on a steady increase. It would be out of place for any exchange to be unaware of this new development. The once disregarded crypto has become the most desirable. Coinbase is just realising when the party is about to go down, I hope we enjoy the bull run for a long while.
full member
Activity: 243
Merit: 100
May 25, 2021, 10:01:15 PM
#31
I must admit, if you dont say i dont know Coinbase has not previously opened Dogecoin trading.
Obviously, Dogecoin is more and more popular, the community of Dogecoin is more and more strong, it is all about Elon Musk, we called it celebrity charm.
member
Activity: 630
Merit: 10
May 25, 2021, 06:38:34 PM
#30
https://decrypt.co/70865/coinbase-to-add-doge-coin-in-next-6-8-weeks

Took Armstrong enough time to add them.  They missed a lot of action this year.  Coinbase seems one step behind the curve. Coinbase is definitely warming up to alt trading though Smiley
Dogecoin's fundamentals have changed since Elon Musk provided support for this meme coin, who would have thought that Dogecoin's price could almost touch $ 1 this year, but unfortunately the Dogecoin price dumped badly to $ below $ 0.5 again, all because of bitcoin. And this is very interesting, because Coinbase also supports Dogecoin, which means the future is very bright.
member
Activity: 616
Merit: 12
The Standard Protocol - Solving Inflation
May 25, 2021, 05:49:31 PM
#29
I came across this news on Twitter about 1week ago and it's definitely a good news for the dogecoin community, it's really hard to get listed on coinbase and in this case it was listed  for free, coinbase is a really big exchange maybe even bigger than Binance exchange, listing there is a massive news, but even with this news I can't advise anyone to invest in dogecoin, because it is a speculation coin, it's price is also control by tweets made by Elon Musk, definitely not the knd of coin anyone should invest in.
legendary
Activity: 3094
Merit: 1127
May 25, 2021, 04:47:27 PM
#28
https://decrypt.co/70865/coinbase-to-add-doge-coin-in-next-6-8-weeks

Took Armstrong enough time to add them.  They missed a lot of action this year.  Coinbase seems one step behind the curve. Coinbase is definitely warming up to alt trading though Smiley
Not that really that theyre behind into action but rather they are careful on making actions or decisions that might really be ending up some problems for them knowing that Coinbase is really heavily centralized.
They might be late but doesnt mean that they cant enter into the current hype or trend we are in. For sure they would really be adding alts which would really be that sensible for them to do
so and adding up more liquidity to the platform which would raises up even more when it comes to popularity and recognition and since this is business
then its just typical that they would really be ending up with this consideration.
full member
Activity: 1904
Merit: 138
★Bitvest.io★ Play Plinko or Invest!
May 25, 2021, 04:44:32 PM
#27
And when you think the hype on doge is about to die down suddenly some news will come to increase Elon's ego, am indifferent with this news, am neither for coinbase or dogecoin, it is all about the money, dogecoin is one of the most hyped and quick profit making project out there and most certainly coinbase don't want to miss out on this lucrative opportunity.

Just because doge earned popularity, now Coinbase added this old alt. They may be late to the party, but it may further help in doge's price in the market. Let us wait what kind of development will be developed about Elon's collaboration with doge team. Users should be very careful in buying and holding this coin because it seems very risky. One tweet and it may drop its price.
sr. member
Activity: 1092
Merit: 256
May 25, 2021, 04:27:17 PM
#26
Armstrong added that he had spent time in Washington, DC, improving the regulatory situation for crypto. And in response to analyst questions about future popular uses of crypto, Armstrong cited NFT and its "ad platforms" as potential competitors.

From the quote above Armstrong is fixing regulatory issues, it is necessary to wait some time for this, whether this will be good news for the crypto world, especially for doge and altcoin, just waiting for further news. Get ready for the next surprise.
hero member
Activity: 2562
Merit: 577
May 20, 2021, 10:25:38 AM
#25
And when you think the hype on doge is about to die down suddenly some news will come to increase Elon's ego, am indifferent with this news, am neither for coinbase or dogecoin, it is all about the money, dogecoin is one of the most hyped and quick profit making project out there and most certainly coinbase don't want to miss out on this lucrative opportunity.
full member
Activity: 658
Merit: 101
May 20, 2021, 10:13:59 AM
#24
Yeah coinbase cannot ignore this coin so she need add this coin, after doge has beed added on coinbase it make me more confident to hold this coin. I think this coin can reach $1 in the future.
hero member
Activity: 2688
Merit: 588
May 20, 2021, 09:45:20 AM
#23
They have been more careful in what coins or tokens they offer to their user base compared to other exchanges and custodial wallets. I also read that it wasn't that easy to implement Doge chain before and it seems the devs have made some improvements so Coinbase had it easier this time.

They can still make a lot of profit from the addition of Doge. Elon is planning something.
Indeed Elon is either planning something big or he might create a carter in the crypto industry that might never get filled. Imagine if Elon dumps all the doge coins he has and at some point, he will, no way one of the smartest investors would keep holding them for a lifetime. Whenever he dumps the doges I can only imagine the mayhem that would follow on the exchanges and some might even shut down and crash. There would be chaos on twitter and I am just curious how things pan out.

It looks like even this news affected the price positively. Because we are seeing it at $0.49 right now. After Dogecoin is listed on Coinbase, I think we will see the price increasing to a level which is close to its ATH.
More exchanges mean more volume and hence better price so yeah getting listed on new exchanges especially as big as Coinbase is surely going to help the price. But all this drama might be over relatively soon, I suspect.
jr. member
Activity: 152
Merit: 6
HODLer
May 20, 2021, 01:39:35 AM
#22
Musk has been calling for this now for a little while, and Coinbase finally caved. Honestly, I thought this was going to happen it was only going to be a matter of time. In my opinion, prepare for DOGE to take another jump once Coinbase adds them. Elon Musk always seems to get what he wants Grin
legendary
Activity: 2282
Merit: 1023
May 19, 2021, 12:25:14 PM
#21
Took Armstrong enough time to add them.  They missed a lot of action this year.  Coinbase seems one step behind the curve. Coinbase is definitely warming up to alt trading though Smiley
A pump can make some major decisions and it is good to hear that Doge will be added to Coinbase but what happens if the market starts dumping, will they be changing their plans. Will see how it goes and whether they will be adding in the next few weeks.
I am not using coinbase, i would like to know how many coins are listed.

Edit: I thought only a few coins are listed but it looks like there are more coins listed in Coinbase and Doge does deserves to be listed as well.
sr. member
Activity: 980
Merit: 282
Catalog Websites
May 19, 2021, 11:52:19 AM
#20
Coinbase is very popular exchange with good reputation. To be honest, Market of cryptocurrency depend on that project and demand. Exchange means a place to trade. Good exchange means good and trusted trading place. If exchange effect on doge market, Then price of doge can increase for a short time. But, main responsibility to keeping  price high is doges.
legendary
Activity: 2688
Merit: 1192
May 19, 2021, 11:51:12 AM
#19
Took Armstrong enough time to add them.  They missed a lot of action this year.  Coinbase seems one step behind the curve. Coinbase is definitely warming up to alt trading though Smiley

Coinbase have been offering altcoins for years now, only the other day my boss was telling me he completed a quiz they offer and was assigned a random basket of $30 in different cryptocurrencies. Their entire business resolves around taking a tiny commission out of each trade and making a profit that way, plus there are also extra fees to move your cryptocoins out of Coinbase entirely. Just like Binance, they know that having the widest range of functional coins is an easy way to extra cash, it's really surprising that it has taken them such a long time to work out the required infrastructure for Dogecoin and they probably missed a fair chunk of profits on it.
sr. member
Activity: 789
Merit: 273
May 19, 2021, 11:39:55 AM
#18
Good news for Doge, now that doge is starting to take effect, when Elon Musk started to fully support doge, Elon Musk also plans to replace doge for payment in place of bitcoin.
I do not think Elon Musk will be able to accept Dogecoin as a payment option. He is just trolling and manipulating the market for his own benefits. He said Dogecoin is the future cryptocurrency? Lol.
If he can replace Bitcoin as a centre of cryptocurrency, it won't be significant to use it. Dogecoin will always be a meme coin, and no one can even replace Bitcoin. Even if coinbase accept dogecoin, it's still nothing will change.
newbie
Activity: 24
Merit: 0
May 19, 2021, 11:17:42 AM
#17
Dogecoin has successfully gotten the attention of the world, people are zealously pumping money into the coin and no exchange wants to be left out. The joke of the past has become most desirable and I'm not surprised that Coinbase has finally decided to add the coin.
And now everything has gone down again like what happened in 2018 where everything was dumped in a big way, although personally I didn't expect this to happen, but this is a reality that everyone should see now.
Brother you are right I agree with you. We may not have thought that the current situation has become like the situation of 2018.
jr. member
Activity: 70
Merit: 1
May 19, 2021, 11:16:58 AM
#16
Dogecoin will show growth , i am sure  Cool
full member
Activity: 560
Merit: 105
May 19, 2021, 11:10:37 AM
#15
Coinbase added Dogecoin because it is currently booming, if Dogecoin is not booming like now I think Coinbase is not interested in adding Dogecoin to its market, but thanks to the addition of Dogecoin it will be a positive thing to increase the interest of investors and traders in coinbase so that prices can go up again
full member
Activity: 504
Merit: 102
CLEARSIGHT- THE #1 BLOCKCHAIN JOB PLATFORM
May 19, 2021, 11:04:40 AM
#14
Coinbase's support of meme coins like DOGE only makes more meme coin projects happen. The power of community is strong and it's really crazy. They are encouraging projects that are not really useful to be created. I look forward to serious development projects, rich in ideas and technology rather than such a project. Coinbase is indirectly encouraging lousy development to take place. Maybe Akita or Shiba will be the next crypto to be listed and we will see Coinbase flooded with crypto memes. I hope they are just exceptions to DOGE.
legendary
Activity: 2044
Merit: 1075
Leading Crypto Sports Betting & Casino Platform
May 19, 2021, 10:43:18 AM
#13
Coinbase is one of the best exchanges and they took a long time to list dogecoins because we all thought the fun would be over once Musk has had enough of it but now that the market has quietly stabilized, I think it was the right time to list the coin. Coinbase is one of the very few exchanges that is really following all the legal norms. I tried to buy ICP coins via USDT but it wouldn't let me because of their terms I guess. I mean I need to buy with either BTC or via my fiat currency. It was confusing to me, maybe I missed something. It's definitely an exchange that follows more legal rules than even Binance, I guess.

They are the biggest exchange in the USA if I am not wrong. I haven't used it much but from what I have heard about coinbase, it is certainly one of the top exchanges in the market. But with a new listing it looks like this dogecoin fun is not going to end anytime soon.
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