Dogecoin is dead. Or is it actually undead?

tee-rex

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Quote from: passwordnow on June 18, 2018, 08:49:34 PM

Quote from: tee-rex on June 17, 2018, 03:10:24 PM

Well, if you ever used an exchange like Yobit or any other such altcoin exchange with a shitload of coins, you could notice that there are plenty of them which have sell orders at exactly 1 satoshi. That means no one is willing to buy them for bitcoins. It looks like they are definitely dead, as dead as a doornail, but quite a few of them are in fact "undead". Even though they are no longer traded against Bitcoin, they may still be actively traded against each other and other such coins which are as undead. So there is without doubt life after death in the cryptoverse at some exchanges for some coins.

Though I don't think that Dogecoin belongs to this category.

I took a peek on yobit and most of the sell orders are of market value of 44 sats to 94 sats.

Those 1 sats are not sell orders but buy orders. No one will ever sell his dogecoins with that cheaper price under the market value.

I'm not talking about Dogecoin which should be clear from my post, nor do I think of it as a shitcoin, which should also be explicit enough. Dogecoin has been sticking around for too long to be a shitcoin as simple as it gets. Shitcoins simply don't live up to that. At Yobit you can see coins which have no buy orders, which means the Bid side of the orderbook is empty and the Ask price is at its possible minimum, which is 1 satoshi for BTC pairs. You may want to take another peek there:

https://yobit.io/en/trade/PUPA/BTC

kingvirtus09

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OrangeFren.com

Dogecoin is there and i think it's a dead coin but seems that some traders/community wants to list on other exchanges they use it as pump and dump coin or transfer it on a peer to peer base. Just give us some information about Dogecoin.

apur688

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I think dogecoin is also one of the most popular altcoins, probably because the price rarely goes up and down, which means the price stays stable, even though the price of 1 dogecoin is very small. Many traders take advantage of dogecoin, because the price is very cheap, then the deposit and withdrawal also requires a very small fee. So they turn their altcoin into a dogecoin first before the deposit or withdrawal.

tee-rex

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Quote from: blo8i on June 19, 2018, 08:34:00 AM

A coin can live without an active team behind it and be running just bu community. Also, a so-called dead useless shitcoin can pump really hard (like we've seen in December-January)

This is not about Dogecoin. First of all, i wouldn't call Dogecoin a shitcoin even if it is a joke officially. After all, it has been around for more than 3 years, and that's a big term for any coin to be around, not just some shitcoin. Next, Dogecoin is unlikely to be pumped as hard as many shitcoins are pumped regularly and then die quickly (pump hard & die young). Many unknown coins get price rises in terms of thousand percentages and beyond. That's unlikely with Dogecoin. As far as I remember, it has never traded greatly above 100 satoshi per coin with lows being around 20, if I'm not mistaken. So, all in all, it is not a very good candidate for pumping and thus for dumping as well. But that also means that you are more or less safe with this coin as mind-boggling pumps typically end with even more spectacular dumps.

blo8i

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A coin can live without an active team behind it and be running just bu community. Also, a so-called dead useless shitcoin can pump really hard (like we've seen in December-January)

tee-rex

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Quote from: [ProTrader] on June 19, 2018, 01:32:58 AM

Quote from: tee-rex on June 16, 2018, 03:17:49 AM

Recently, I saw a thread around here (it got trashed already) which was a copy-paste of an article about the early history of Dogecoin and it being mostly a joke. I don't really know if it turned into anything other than (just) a joke since then, but to be honest, doges earned me hefty profits back in the day, specifically when Bter was at its prime (it's gone now), if anyone remembers. It was likely the best coin for arbitrage a few years ago. But those times seem to be long gone by now too (though I can be wrong on this, of course). Today, its active development is halted as the last official release of the Dogecoin wallet was more than two years ago (it had been released in November, 2015). There are signs (or rather sighs) of life at Github but I'm highly dubious if they will bear any real fruit. So I basically have two questions.

The first question is simple and pretty straightforward. In short, is Dogecoin dead in terms of active development and support as in left for dead? And the second one is more intricate and complex. Does Dogecoin (or any other coin, for that matter) have to be actively developed and have a strong, solid team behind it to stay alive and be in circulation? Really, if there are no critical bugs, there may be just nothing to add apart from what has already been added.

It is considered as dead because there are no more development that is going on in this shitcoin. The only reason why this coin is still exist is because of those bag holders that hype this coin in order for them to exit for good. And this scenario will continue until no one will ever use or trade it.

I understand your reasons, but it is exactly the question I'm raising in the OP, that is whether no more development actually means anything? It has been over two years since Dogecoin wallet had been last updated but this coin is still alive any way you look at it. Obviously, developers abandoning the project doesn't mean that the blockchain and algo behind it are dead too. And as it seems to me, it is the market which has the final word in this case, and from this perspective Dogecoin is very well alive. This is the point I'm trying to convey.

It can be said that Dogecoin will be nearing death when miners start to abandon it but so far we are far from that.

heynikkki

newbie

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Dogecoin was created as a joke and I have no idea why this coin is in top 50 according to coinmarketcap

fransxavariustintin

newbie

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I think the Doge coins are left to die slowly, at the beginning of his arrival, the doge is so enthusiastic and so confident, the doge keeps retreating, and loses his enthusiasm, the doge becomes dying of coins and ready to die.

Simayi

member

Activity: 360

Merit: 12

I don’t think the dog’s coin is dead, but it may not be bought by people for a while. It may take a long time and it may only increase next year. I’m not optimistic about it.

[ProTrader]

sr. member

Activity: 644

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Quote from: tee-rex on June 16, 2018, 03:17:49 AM

Recently, I saw a thread around here (it got trashed already) which was a copy-paste of an article about the early history of Dogecoin and it being mostly a joke. I don't really know if it turned into anything other than (just) a joke since then, but to be honest, doges earned me hefty profits back in the day, specifically when Bter was at its prime (it's gone now), if anyone remembers. It was likely the best coin for arbitrage a few years ago. But those times seem to be long gone by now too (though I can be wrong on this, of course). Today, its active development is halted as the last official release of the Dogecoin wallet was more than two years ago (it had been released in November, 2015). There are signs (or rather sighs) of life at Github but I'm highly dubious if they will bear any real fruit. So I basically have two questions.

The first question is simple and pretty straightforward. In short, is Dogecoin dead in terms of active development and support as in left for dead? And the second one is more intricate and complex. Does Dogecoin (or any other coin, for that matter) have to be actively developed and have a strong, solid team behind it to stay alive and be in circulation? Really, if there are no critical bugs, there may be just nothing to add apart from what has already been added.

It is considered as dead because there are no more development that is going on in this shitcoin. The only reason why this coin is still exist is because of those bag holders that hype this coin in order for them to exit for good. And this scenario will continue until no one will ever use or trade it.

pickledmuffin

newbie

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Quote from: N-gen on June 17, 2018, 01:59:19 PM

Doge coins are unlikely to die, doge coins are coins with a very large community, and are potentially ever-increasing, we can see from year to year, Doge prices continue to increase considerably

This is the reason I will be staying with dogecoin. It may be seen as a joke, but the long term price still offers lots of potential and for that reason it will not die.

BlackMoon258

copper member

Activity: 84

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As it stands today, dogecoin likely won't see a technological death.

The current core devs are adamant about keeping the network running for the community – as long as there are people that want to learn about cryptocurrency via experimentation

Mr.Pro

sr. member

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other than being a pump and dump scheme it is bound to be dead in the long-run in its entire existence there is no reputable company accepting it as a mode of payment, not even porn sites bother to accept it.

Siren

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Quote from: passwordnow on June 16, 2018, 03:26:42 AM

Quote from: tee-rex on June 16, 2018, 03:17:49 AM

is Dogecoin dead in terms of active development and support as in left for dead?

Yes, there's no development to dogecoin but it's good as a way of paying to others when you want faster and cheaper transaction.

Quote from: tee-rex on June 16, 2018, 03:17:49 AM

Does Dogecoin (or any other coin, for that matter) have to be actively developed and have a strong, solid team behind it to stay alive and be in circulation?

It has been abandoned so I doubt it that there will be developers who are willing to make it stay alive.

Though theres no development from this coin and no update from the management well i can say its Dead for niw,but i dont believe that it will be forever because this is a good coin and has a good potential in a future,i dont know whats happening from the inside but the affect from the outside is quite alarming im still hoping that sooner dev will do action towards this once a good coin for investing

passwordnow

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Quote from: tee-rex on June 17, 2018, 03:10:24 PM

Well, if you ever used an exchange like Yobit or any other such altcoin exchange with a shitload of coins, you could notice that there are plenty of them which have sell orders at exactly 1 satoshi. That means no one is willing to buy them for bitcoins. It looks like they are definitely dead, as dead as a doornail, but quite a few of them are in fact "undead". Even though they are no longer traded against Bitcoin, they may still be actively traded against each other and other such coins which are as undead. So there is without doubt life after death in the cryptoverse at some exchanges for some coins.

Though I don't think that Dogecoin belongs to this category.

I took a peek on yobit and most of the sell orders are of market value of 44 sats to 94 sats.

Those 1 sats are not sell orders but buy orders. No one will ever sell his dogecoins with that cheaper price under the market value.

active706

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I don't see this goin goings anywhere, but it has the cheapest transaction fee, so sometimes I'm using Dogecoin for small transactions.

tee-rex

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Quote from: wpalczynski on June 16, 2018, 04:13:32 PM

I think you can forget about this token. The project has failed and it's time to move on.

Why do you think that the project has failed? For me, if the coin can live on its own, exclusively in the network alone, without any developers or supporters backing it up and promoting it, it proves quite the contrary. It actually proves that it is alive and doesn't need any "backup" in the form of a dedicated team of developers. If people use it, it pretty much means that they find it quite useful in achieving their ends. Yes, it is rather a niche coin but if it were nothing more than just a joke, it would have died long ago, right?

pokerjet

sr. member

Activity: 546

Merit: 250

Doge community is very big, so i believe Doge will live. In the past days i have read that in some articles Doge has a volunteer developer and even Doge system is much more advanced than many altcoins.

tee-rex

hero member

Activity: 742

Merit: 526

Quote from: passwordnow on June 17, 2018, 01:44:18 PM

Quote from: tee-rex on June 16, 2018, 03:41:19 AM

Quote from: passwordnow on June 16, 2018, 03:26:42 AM

Quote from: tee-rex on June 16, 2018, 03:17:49 AM

is Dogecoin dead in terms of active development and support as in left for dead?

Yes, there's no development to dogecoin but it's good as a way of paying to others when you want faster and cheaper transaction.

Quote from: tee-rex on June 16, 2018, 03:17:49 AM

Does Dogecoin (or any other coin, for that matter) have to be actively developed and have a strong, solid team behind it to stay alive and be in circulation?

It has been abandoned so I doubt it that there will be developers who are willing to make it stay alive.

But this is the whole point. After all, it all comes down to acceptance and application in the end, not development. For example, there's gold which kind of hasn't been "developed" for a few billion years in this part of the Universe, but does it take anything from its value? In fact, that only makes it more valuable as (millions of) years pass by. In case of this altcoin specifically, doges are still actively used in various online casinos as they are dirty cheap and dirty fast (if I can say so). Just the fact that Dogecoin is a very fast coin proves that it is still actively circulated since otherwise you would have to wait for hours till someone confirms your transaction, which is obviously not the case.

So, is there life after death?

In real life I believe on this principle and I guess so there is also life in cryptocurrencies after death as long as there is a market cap and it's being used and traded in most of the exchanges.

Well, if you ever used an exchange like Yobit or any other such altcoin exchange with a shitload of coins, you could notice that there are plenty of them which have sell orders at exactly 1 satoshi. That means no one is willing to buy them for bitcoins. It looks like they are definitely dead, as dead as a doornail, but quite a few of them are in fact "undead". Even though they are no longer traded against Bitcoin, they may still be actively traded against each other and other such coins which are as undead. So there is without doubt life after death in the cryptoverse at some exchanges for some coins.

Though I don't think that Dogecoin belongs to this category.

trade2winnn

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Activity: 602

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Well initially the project had no chances, purely speculative coin, plus now with such market, the people leaves such projects which initially had no vigilant, and so purely for the sake of a trick participated in it because in the near future all projects which have no future will leave in the past!

Topic: Dogecoin is dead. Or is it actually undead? (Read 386 times)