Crazy world. Bitcoin down, Doge Up - page 3.

BillyBobZorton

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Quote from: Torque on October 01, 2014, 10:10:14 AM

When DOGE is going down, people think that its a badly-designed joke meme coin that had its fun, but soon will be completely dead.

When DOGE is going up, people start thinking that it actually has a shot to eclipse Bitcoin and completely take over the financial world someday. Roll Eyes

Personally I don't think it will completely die (you can thank Coblee for resurrecting it from the dead with LTC AuxPOW, God only knows why he bothered). But I don't think it will get far beyond a niche group of enthusiasts either. The same can be said for hundreds of other alts, they'll still be around too.

DOGE has big, strong potential to become "the funny face of cryptos" so to speak, when it goes mainstream (crypto). No one on it's right mind belieces DOGE can overtake BTC.

Torque

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When DOGE is going down, people think that its a badly-designed joke meme coin that had its fun, but soon will be completely dead.

When DOGE is going up, people start thinking that it actually has a shot to eclipse Bitcoin and completely take over the financial world someday. Roll Eyes

Personally I don't think it will completely die (you can thank Coblee for resurrecting it from the dead with LTC AuxPOW, God only knows why he bothered). But I don't think it will get far beyond a niche group of enthusiasts either. The same can be said for hundreds of other alts, they'll still be around too.

fonzie

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Moderator

njcarlos

sr. member

Activity: 280

Merit: 250

Quote from: spazzdla on October 01, 2014, 09:56:18 AM

7 Billion people means 100/7 = 14.2 coins per person.. Sooo?

Lmfao...

spazzdla

legendary

Activity: 1722

Merit: 1000

Quote from: Elwar on October 01, 2014, 09:38:47 AM

Quote from: spazzdla on October 01, 2014, 09:30:50 AM

100 billion when the reward drops to it's final 5k a block.. Thus 5% inflation a year.. then 4.76, then 4.5..

100 billion!?!?

That is insane.

But hey, at least the funny dog logo is funny. Always a great thing for a currency.

Heh...dog looking at you funny...classic.

Why is it insane because you said so? I'm sure the world cares every so deeply what Spazzdla and Elwar think....

7 Billion people means 100/7 = 14.2 coins per person.. Sooo?

Elwar

legendary

Activity: 3598

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Viva Ut Vivas

Quote from: spazzdla on October 01, 2014, 09:30:50 AM

100 billion when the reward drops to it's final 5k a block.. Thus 5% inflation a year.. then 4.76, then 4.5..

100 billion!?!?

That is insane.

But hey, at least the funny dog logo is funny. Always a great thing for a currency.

Heh...dog looking at you funny...classic.

spazzdla

legendary

Activity: 1722

Merit: 1000

Quote from: sgk on October 01, 2014, 07:27:19 AM

Quote from: Elwar on October 01, 2014, 07:09:07 AM

DOGE block reward is halving? What from 1 trillion per minute to 500 million per minute?

Get rid of those things as fast as you can. If you have less then a quintillion of those things you have the equivalent of a penny.

Exactly.

And IIRC, DOGE supply is still uncapped, unlimited? If that's the case it does not matter if block reward halves or not. Unlimited supply can only have inflation, no deflation.

BTW, here is the countdown:
http://www.csullender.com/dogecoin/

It's lowest rate is 5000 coins a block.

When the inflation rate hits less than .1% we can assume it's zero(unless your an english kid than there is no bother talking to you).
Thus there really is a cap.

~5 billions coins adder per year.

100 billion when the reward drops to it's final 5k a block.. Thus 5% inflation a year.. then 4.76, then 4.5..

Dogecoin will hit it's softcap WAY before BTC does.. way before.

spazzdla

legendary

Activity: 1722

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Quote from: Elwar on October 01, 2014, 07:09:07 AM

DOGE block reward is halving? What from 1 trillion per minute to 500 million per minute?

Get rid of those things as fast as you can. If you have less then a quintillion of those things you have the equivalent of a penny.

The only thing true in this post is that the Doge reward is halving soon.

sgk

legendary

Activity: 1470

Merit: 1002

!! HODL !!

Quote from: Elwar on October 01, 2014, 07:09:07 AM

DOGE block reward is halving? What from 1 trillion per minute to 500 million per minute?

Get rid of those things as fast as you can. If you have less then a quintillion of those things you have the equivalent of a penny.

Exactly.

And IIRC, DOGE supply is still uncapped, unlimited? If that's the case it does not matter if block reward halves or not. Unlimited supply can only have inflation, no deflation.

BTW, here is the countdown:
http://www.csullender.com/dogecoin/

MoreFun

legendary

Activity: 1008

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WePower.red

Quote from: Fabrizio89 on October 01, 2014, 07:10:43 AM

DOGE mining is merging with LTC that's the cause of the rise I believe. I was expecting this anyway and bought some at 30 satoshis. Not much, but it feels good.

Pumper will use any reason looking good at first sight to convince others he is not pumping and that the market wants coins and higher prices. Wink

It happened once, not sure why wouldn't happen the second time. Jamaica... DOGE uuuppp...

Fabrizio89

hero member

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DOGE mining is merging with LTC that's the cause of the rise I believe. I was expecting this anyway and bought some at 30 satoshis. Not much, but it feels good.

MoreFun

legendary

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WePower.red

One pumper is pumping (DOGE) and the other one is dumping (BTC).

Elwar

legendary

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Viva Ut Vivas

DOGE block reward is halving? What from 1 trillion per minute to 500 million per minute?

Get rid of those things as fast as you can. If you have less then a quintillion of those things you have the equivalent of a penny.

sgk

legendary

Activity: 1470

Merit: 1002

!! HODL !!

Quote from: azguard on October 01, 2014, 06:49:56 AM

Will this point to increase some other alt? Any toughs on that?

Other alts will have no relation to DOGE price movement, because it is tied to block reward halving, which has nothing to do with other alts.

But if you follow all alt threads closely, you can notice upcoming positive news and you can plan accordingly.
Right now NEOS coin (google it) is on its way to substantial increase in price, so it is a good time to buy. There are a couple of threads here for NEOS.

IMZ

legendary

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I missed Doge. My error. Great great community.

Bitcoin is the meat and potatoes.

But: Unobtanium.

Mark

azguard

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Crypto-News.net: News from Crypto World

Lets wait and see.

Holding quite amount of DOGE so with this info its great.
Meaning we will all double earn or more. Right.

Will this point to increase some other alt? Any toughs on that?

sgk

legendary

Activity: 1470

Merit: 1002

!! HODL !!

DOGE is up, but not sure where you got the 500% number. In last one month it is 300% at most.

This is due to the block reward halving approaching. Within next 2 days, the block reward will halve, so it makes DOGE a good buy right now. Buy now, sell a week later.
There is still time, once the halving is complete, it should reach 150 satoshi+ from my point of view.

fonzie

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Moderator

BTC and DOGE will both go up. DOGE can easily reach 2-400. Bitcoin has bottomed out or is at least very close. The future looks bright Cool

dedcoin

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Merit: 10

and by 500% ... go figure.
The thingy doesn't even have enough hashrate to sustain itself.

Speculators are being played by big fish am afraid.

Currently I am at loss, which means BTC can go to $0, I am not selling. The only move I am considering is to diversify to other coins (too late for doge).

The question is: I believe many weak hands have been shaken (mostly > $600 holders).
The remaining ones are from < mid 2013. Are you gonna give up? and why not?

Topic: Crazy world. Bitcoin down, Doge Up - page 3. (Read 3714 times)