this is a good question.
i say no, becuase most people who do buy doge do not mine doge. when block rewards halve it first affects miners the most, but the supply of dogecoin currently outstrips demand when you look at cryptsy order books. i don't think surplus will change for weeks or months, if at all, after the block halving.
however, i do think when the block rewards halve a few whales will take this as an opportunity to pump-and-dump dogecoin. I would be cautious of thinking there is a get-rich opportunity, because there are a shitton of sellers, fewer buyers, and still 70% unmined dogecoins out there.
to see the forest for the trees, in 18 months we'll have mined the last dogecoin. i believe that will signal a genuine increase in value. for now, i would advise mining heavily - everyone else seems to be doing this as the difficulty rose from 3xx to 5xx in a week. I believe halving the block rewards is more of a miner signal than a signal to invest.
disclaimer i am a miner and am rich in shibe. I also think the coin is silly, but so far it has somehow managed to work well with mining pools and switching pools that other coins cower in fear from. the value continues to go up with supply, so i could be completely wrong. since i hold dogecoin, i would be happy to be proven wrong.
i say no, becuase most people who do buy doge do not mine doge. when block rewards halve it first affects miners the most, but the supply of dogecoin currently outstrips demand when you look at cryptsy order books. i don't think surplus will change for weeks or months, if at all, after the block halving.
however, i do think when the block rewards halve a few whales will take this as an opportunity to pump-and-dump dogecoin. I would be cautious of thinking there is a get-rich opportunity, because there are a shitton of sellers, fewer buyers, and still 70% unmined dogecoins out there.
to see the forest for the trees, in 18 months we'll have mined the last dogecoin. i believe that will signal a genuine increase in value. for now, i would advise mining heavily - everyone else seems to be doing this as the difficulty rose from 3xx to 5xx in a week. I believe halving the block rewards is more of a miner signal than a signal to invest.
disclaimer i am a miner and am rich in shibe. I also think the coin is silly, but so far it has somehow managed to work well with mining pools and switching pools that other coins cower in fear from. the value continues to go up with supply, so i could be completely wrong. since i hold dogecoin, i would be happy to be proven wrong.
In 18 months we'll have mined the last dogecoin? There will be an annual inflation of dogecoin by 5 billion a year forever. The dogecoin developers decided not to fix the infinite dogecoin problem. Read this article here http://arstechnica.com/business/2014/02/dogecoin-to-allow-annual-inflation-of-5-billion-coins-each-year-forever/. Don't let this freak you out though. I still support dogecoin %100 but I think the value is going to more than double after it halves and it will probably be a good time to sell. There is another thread about this that has been going for awhile, check it out at https://bitcointalk.org/index.php?topic=426382.new#new.
