Topic: Dogecoin is dead. Or is it actually undead? (Read 358 times)

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

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.

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.

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.

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)

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.

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

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.

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.

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.

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.

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

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.

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

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

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?

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.

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.

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!

I'm sure doge will always live and always grow every year. honestly I am one of the people who like and I believe the doge developers will always be active to update the doge.

Dogecoin is really hard to analyze. Last year it was definitely a pump of the coin and I don't know will we see the same high price again. I prefer not to invest in such strange coins.

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

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.

Honestly, I don't think that this coin is easy to pump with small investment at all. But Dogecoin is interesting because its value is mostly determined by its real world utility if such a term is ever applicable to a cryptocurrency. Perhaps, it is the only coin in wide circulation that has such a unique feature. So even if it may in fact be an abandoned coin (abandoned by developers, obviously), it may still have pretty solid user base and application. It has a very convenient price in satoshi, just a few dozens, so it is easy to memorize and deal with. You always know where you are standing, kind of intuitive, and it doesn't require a lot of mental effort and calculation to understand the value of one doge in respect to Bitcoin.

1) Dogecoin is absolutely useless in terms of technology, so there is no demand for it now. 2) It does not develop at all, therefore people are not interested in them anymore.

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

it has stayed the distance and often has more transaction volume than bcash.

no one should care what the creator thinks of it. that's the whole point of crypto.

there's no reason why it can't be developed further and i'm kinda surprised it hasn't been picked up on. maybe there's an if it ain't broke don't fix it element. it would be interesting to see how receptive miners are to changes.

Haha don't include or correlate it with this year's Chinese zodiac sign. There's nothing to do with it but I like Doge, who doesn't like Doge?

Doge isn't dead yet, there's market cap for it's #42 on the CMC with a market cap of $332,795,766. See a joke coin that has that big market cap? it's not yet dead and it has been preferred of most in gambling and transfers too.

Trading volume's are still there.

I would prefer to buy another coin! It is very risky to invest in such an old coin which was completely accidental !!!...

It seems to me that we only need one coin, it's bitcoin, others started to have a chance because of the problems with its scaling, if it is solved with the help of the lightning network, then the need for other coins will also be lost, including the Doggy coin.

The dogecoin is dead because of the team members fail to develope the token. What a token need  to developed it above the rise of price in the cryptosystem. However, token development it is a great job  and the team with the developer of the token have a lot  work to do in the resiling the great result for the greater future of the token.finally, if the for mention above things is being Left out by team members and they feel the token has arrived to a greater height they being to fall. That is the problem if Dogecoin

If we look at the social section on coinmarketcap about dogecoin, we can see that most of the posts are not indicating any development. I suppose we could say that dogecoin is left to die by its developers. However, this doesn't mean it will. Even though there's no serious development, the community of this project is very strong to live without it. They even have some sort of their own english dialect for communication! Moreover, a lot of the use of cryptocurrencies comes from gambling. People got used to gambling with doge and there seems to be no reason to stop it, since it is fast, cheap and safe.

Doge coin is one of the great coins for long-term investment, I still remember the early 2017 Doge coins price was only 2 satoshi, but this year, doge coins reached 100 satoshi, and could be next year, the price will reach 1000 satoshi

I do not think that Dogecoin is dead, has a very strong community and has a good appreciation as a quality cryptocurrency. There are no more updates because probably its main base development has been completed, but this does not mean that in the future there will be no further general improvements of the project

I still remember certain youtubers who were active supporters of this coin and who used to shill it to high heavens last year which goes to show that it still has a loyal fanbase who are willing to stand by it no matter what(Not sure about the size though). I personally did not invest in this coin which I felt was a mistake long ago since there were chances to earn decent profit through it, but the whole joke part got to me which is why I decided not to take the risk. Kudos to you op for earning hefty profits from this coin which is regarded as the meme coin of the cryptocurrency world.

Lol china's new year of dog doesn't give any contribution to the value of dogecoin. there is a lot of scalable coin outta here and I think that the doge coin is absolutely died.
A lot of my friends are using it to get the cheap fees but they have been getting trapped by the volatility of the dogecoin itself.

I think Dogecoin will not die in a short time. Although its price has been falling, there is a big reason for the market shock! All currencies are falling!

Forget it, this is my idea. There should be 300,000 in my hands. I think it can be taken as a junk or look forward to China's next year of the dog. This may be more gimmick!

Indeed it is true. The founder himself said once that it was a complete joke to create this coin and they no longer developing it. But what volume you see today is all because of its use made by many people as part of transaction or for the group activity of the pump and dump. This gets them lot of profit. as it is very cheap coin and at the same time it is also easy pump with small investment. This is why you see those pumps in between which are completely artificial one and thus means nothing at all.

It's still pretty alive
Dogecoin is still used as a tipping coin.
They are a good option for transferring coins between exchanges in a low fee.  
As well I use them for betting on sportsbook, it's much easier to do maths with whole numbers.

I don't think Dogecoin will die. But it may take a long time. For example, ten years later, ten years later, Dogecoin may rise again! I think Dogecoin is a 10-year investment product.

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?

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.

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

It was still a pump then and who managed to get a good profit. Now he just will not let him get out of his knees, many competitors who compete with each other, and the demand for it is almost zero. So I think it's worth to forget about this coin.

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.