Topic: Doge market cap - how long to 1.5B? (Read 743 times)

Just because Jamie Dimon showed willingness to use government force to stop people from using cryptocurrencies, doesn't mean that they are illegal. (It's circular reasoning - "My buddies in government can stop you from using it, so therefore it is illegal")

At the core of it, the issue is competition. There are powerful entities that have overseen banking for a long time. It is natural for laws to have evolved around the preservation of such established enterprise.

So therefore, I think it is important to approach this question from a perspective of common sense, rather than any set of legal documents produced by a state in order to protect its power.

Is the development and use of crypto damaging to any of the parties involved? Is it immoral or unethical, counterproductive, or in some way wrong in the sense of international law?

That depends on how it is used - if someone deceives other people regarding the work being done on a new crypto and their future plans for it in order to sell their share and disappear, then that is wrong and despicable, but it has far less to do with crypto than it does with the actual individual perpetuating such behavior. Do you not think this doesn't happen every day on a regular basis in established finance? Or even general retail? Similarly, if an organization takes in customer deposits and then doesn't return them when a withdrawal is requested, is the core problem with crypto or with the organization?

Law abiding and moral people should not have to endure virulently antagonistic rhetoric simply for showing an interest in crypto or for asking an objective question, just because of the behavior of others in this environment.

What I'm really disgusted with, though, is how readily some people are willing to sell out the Englightenment ideals and their communities and go back to sucking the Goldman Sachs dong at a moment's notice. Shame on you.

Fuck off Newfag Spoetnik.
FX market isn't the same as the stock market and terms of legal and illegal apply to P2P money even less than they do to P2P filesharing. Money itself isn't lost or made. It's just transferred from one perception to another and if one believes that Cryptocurrencies will be more popular in the future then Dogecoin is not a bad pick.
Even Litecoin had over a billion Dollars in market cap when there was almost no user case for it.


That said OP's comparison is far stretched and many stars have to align for Dogecoin (or any other Cryptocurrency) to increase that much in value. Most important thing for such event to happen is a general Cryptocurrency boom with lots of money inflow. This would increase the value of all coins and I have no doubt that several(!) Altcoins will see higher than 1 billion USD market cap.
Dogecoin is a good candidate since the more "advanced" coins suffer from their complexity which makes them less stable, they have issues in terms of adoption, perceived fairness and distribution and statistics show that of all Altcoins, Dogecoin seems to be the one with the usage pattern that is most like that of an actual currency. Also it is very transparent plain vanilla with no shady or unknown past and many people don't need much more than that.

Furthermore I think Dogecoin is in the group of Altcoins that profit the most from an marginal increase in money inflow. When there is only little money inflow in crypto currency, then most Altcoins are starved for liquidity and get almost nothing. When it increases then the established investment grade coins BTC and LTC make good profits, but the set of marginal coins like Dogecoin that are "almost investment grade" (whatever this means in Cryptocurrency world) will see the highest probable increase in value. Of course some more exotic coins will rise as well, but most likely only few and late in the cycle and it would be a true gamble to pick them out off the top 100 Altcoins. Dogecoin for me is a value pick for betting on the next general crypto rush. (And it will only pay off if such an event happens.)

Likely triggers could be tumults in the established FX world. Probs are some disruptive event happens in russia, china, south america or saudi arabia (e.g. saudis can't hold their currency peg -> suddenly implement capital controls and switch to free float -> saudi population cant get their money out -> crypto currencies flourish.
Chinese regulator comes down hard on their millionaires and billionaires -> to hide their money they spread itall over the cryptocurrency world etc. etc.)

Never because it's shit now and it will 100x the shit later in the future..

And your reasoning is utterly retarded.
How dare you come in here and the have go damn balls to compare some shit like Doge to the REAL stock market ?

NO your possibly yet illegal clone pyramid scheme shit coin is not ever going to be worth anything.
The fact you actually have to be told this is simply insane !

Anyone that compares Altcoin's to the stock market should be slapped.
And then given some jail time for insider trading with Martha Stewart or Berni Madoff maybe.

What a joke.. a lawless free for all scamfest rife with criminals is compared to so a scene with a million laws ?
And with shit loads of people through out history who have done jail time for fraud ?
What happens here if your caught ?
Oh that's right, you make a new coin ponzi  

Then you all bitch about them damn scammers  !!!
I was a victim ..feel sorry for me ..i wuz Ponzi'd  
Puuuuuhlease gimme a break  

EDIT:
What makes you guys think Doge coin is even legal ?

Man, I don't know.  As much as I like DOGE I can't see the price jumping 100-fold anytime soon.  And maybe not even by 2020--if it still exists then.  I'm not sure what's behind the recent price rise, but I think it's going to be short-lived.  I hope not, but I'm not very optimistic.

Never. Dogecoin hasn't got anything unique going for it, it's just a scrypt clone coin.
The current marketcap is already a great achievement.

I'm guessing ~2020, but that guess is predicated on an Altcoin Boom Town 2.0 that would be fueled by Bitcoin climbing to several thousands of dollars each by '20. In other words, the same old "Bitcoin + Leverage" argument.

This is about 100X from today's value, which is a lot in terms of growth, but $1.5B is still a minute amount for a currency, considering that the daily forex trade volume is in the trillions of dollars. (Note: this is meant to be in terms of value in today's dollars, so if there is any significant inflation over the years, then the $1.5B should be adjusted upwards accordingly)

If you think it's "never", please explain yourself.