Topic: Dogecoin Question (Read 1224 times)

It's the price that keeps it near the top of coinmarketcap. How many coins at the bottom even get noticed?

There were a lot of questions about whether it would survive to next year, due to it's deteriorating hash rate and aggressive halving schedule. I think AuxPOW has been way more effective than anyone would have thought.


This week the Dogecoin community has:
   -Raised $32,000 for Mental Health Awareness
   -Won the UNESCO Entrepreneurship Competition of 2013 and 2014
   -Finished raising funds for sponsoring Australian V8 driver Jack Le Brocq
   -And Wow Such Business was the #1 trending company on Angel.co for 4 days


That's not even going into the stuff planned for next year. The Lunar Iditarod by itself is incredibly exciting. Not to mention projects like Voidspace.


As for the price, who knows? While the price is incredibly important on a deep and personal level, and while it is the thing that effects people invested in cryptocurrency the most, it's not actually that important to the cryptocurrency itself. Price goes up, price goes down, the networks not going anywhere though. It's finally growing on social media again though, which feels pretty good.


edit: Forgot to mention Doge4esports started this week as well. 2 Countries, 22 States, 49 Teams, and the Twitch Shoutcasters are EGAD, Froskurrin, and Piratechnics. League started 9/20, with the Grand Finals on 11/22.

As well as an update by the Dogecoin Foundation: http://discuss.dogecoin.com/discussion/441/such-wow-many-work-very-foundation

Doge hashrate is very close to LTC hashrate and surpassed it already a few times.

https://www.coingecko.com/en

I can spend XRP in any place that accepts BTC, I can use them (or other currencies) to send SEPA payments or to buy gold. this works with Dogecoins on Ripple by the way too.
Recently a company announced a debit card that can be loaded via Ripple, so that means you can directly spend your BTC (or DOGE) on filling up a debit card.

I gave up on telling people around here about these developments though, typically you only get irrational hate directed towards you, even from the "fun and compassionate" dogecoiners.

Yes.

Dogecoin does not have a singe innovation. Period. There _may_ be room for multiple cryptocurrencies with significant market cap - but the only way one will be real competition to bitcoin will be to have real innovation.

When dogecoin was released it had something non-existant in the cryptocurrency world - it was happy and positive and fun. It drew people in - many of whom were not involved with altcoins.

But those people? They are long gone. The positive energy which dogecoin grew on has long left and it has fallen to the hands of altcoin pumpers and shills.

There is absolutely no future for dogecoin outside of being a manipulated currency pumped and dumped.

If you feel like it, do it. The days of doge below 100 sat are numbered. What the right price is we will find out, in my opinion certainly more than a Ripple.

Dogecoin total supply 100B+ of which 92 B are mined price $ 0.000300
Ripple total supply 100B of which 8 B have been sold price  $ 0.004907

This clearly demonstrates why we move away from the centralized corporate structure. They just make up the price they want, just another fed. Recently another 20 billion have been made available which increased the marked-cap instandly by $ 100 000 000 million and need selling now and then the rest. Now ask yourself why would the centralized ripple be so much more expensive with zero community, no place to spend it cost nothing to produce unlike doge.

Dogecoin is certainly worth more in my book.

Meantime, bits are building
https://bitcoinwisdom.com/markets/cryptsy/dogebtc

Believe in your own goals and don't care what others think. If you feel it worths and you're ready to assume the risk just do it!

Dogecoin more for fun or to get your feet wet before you move up to the bigdogs.

Doge, did not bring anything new, is just a copy. What they did is they put lots of effort in advertisement. And that is what right now is important. Regular guy living on earth would place Doge ion 3rd place among cryptocoins.

Now if you think that is what is really important buy them.  But think when some other coin will put that much in advertisement and will also have something to show. something in what is better then bTC, what will happen then?

Today bitcoin's market cap is $5,485,311,984   

There are 92,233,720,369 Doge coins. If Doge were $1 each then Doge coin would need a market cap of $92,233,720,369 which is almost 17x bigger than bitcoin's market cap today.

It's not a matter of algorithms. It's matter of passion, community spirit and innovations, yes innovations, even crypto 1.0 can innovate and still be based on the same algorithm that dead coins use.

What would be wrong is buying Litecoin whatsoever. It's nothing.

Bitcoin was the first and is the face of the industry, so there's something to it.

Litecoin was the first popular Scrypt coin, so there was something to it. However, nowadays there are better algorithms than what Litecoin is based on, so there's nothing special about it anymore. It's just sort of in the middle, floating around while still semi-relevant. Give it 6 months and the BTC/LTC ratio will go above 1/250.

Drink the kool-aid and set your puppies on fire. I don't like singing Kumbaya.

1 cent is certainly possible, and if you buy now, you will be happy when it goes to 1 cent. But it won't happen for another 12 months, so if you buy, prepare to hodl.

I hear people saying that but I didn't buy bitcoin at $4 because of comments just like your.
Is there anyone that thinks they could raise to even 10 cents?

You're not completely wrong. Not having some doges as part of your crypto portfolio is short-sighted, but don't bet the farm on it.

What would be competely wrong is buying litecoins and not buying doges.

Doge hype is over. Move along.

I would like to invest in Dogecoin but i hear SO many mixed ideas for them on this site.
I DO understand why people don't like them much at the moment but there IS a SMALL chance that we will all regret not buying these.
People scoffed at BTC and look at it now. Our younger 4chan/reddit... people will most likely be into something they can "relate" to (a dumb meme). I believe that NOT buying into this shitty altcoin is a mistake. They may never reach $1400 like BTC but you could buy millions for pennies on the dollar right now. What if they reached even a $1.

What do you guys think? Am I COMPLETELY wrong about this?