Dogecoin really flying off the handle this morning

coinerer

hero member

Activity: 1456

Merit: 608

Vave.com - Crypto Casino

Quote from: paniczklos on January 18, 2014, 12:00:12 PM

Hmm I think it'd be better if it drops. Diff is going up fast ;/

When difficulty is going up fast means much more hashing power, computers, included into the mining. The purpose of that is in the preventing of successful mining bigger amounts of coins and dumping immediatelly. That means it is controlled by organizers mostly, at least at the beginning of the pump.

See at the chart on Dec 19, DOGE was at high of 0.02000000. That was initial pump. Now, todays pumped DOGE is still below 0.00000100.

Buy low, sell high is the rule. It means buy at the beginning of the rise, not at the end.

paniczklos

full member

Activity: 322

Merit: 101

Hmm I think it'd be better if it drops. Diff is going up fast ;/

elixir

full member

Activity: 224

Merit: 100

hope the price can hold.

galbros

legendary

Activity: 1022

Merit: 1000

No doubt this has been an impressive pump. From ~40 satoshi to 70+. It will be an interesting ride. I have been very impressed with Dogecoin's resilience, it had and earlier run up and then run down (to the 20s) and has now rebounded nicely. For a "joke" coin I think it has done amazingly well, no matter what happens from here.

BrewCrewFan

hero member

Activity: 672

Merit: 501

Quote from: tokyoghetto on January 18, 2014, 11:32:08 AM

Quote from: Nullu on January 18, 2014, 11:28:53 AM

Quote from: tokyoghetto on January 18, 2014, 11:26:17 AM

Quote from: Nullu on January 18, 2014, 11:24:29 AM

It's so ridiculous I can't even comprehend, but Dogecoin is actually being used to do some seriously sized trading.

professional traders love doge because it can handle big size. its the only reason its getting pumped and dumped. no on wants to pump a coin that they can't sell at a profit, due to lack of liquidity.

Is that a bad thing? I mean if the coin is being traded at high values, then people are mining it, and if it has a high value, then people are using it..this is how stocks work, right? Obviously enough people think Dogecoin has value. You can't really dismiss this sort of market volume.

its a good thing because there is volume. but its a zero-sum game, for someone to win, some needs to lose. Miners who dump always win because they want btc. traders who pump win. the ones who lose are the one who buy high and sell low. remember that if a coin is at the top of coinchoose/coinwars, its going to hit with hashrate that only cares about mining and dumping. these prices won't hold, expect a pull back.

This, more so true now there are multiple multi pools out there. Which is good because your pulling hash away from other coins, letting the dif drop and us who dont buy into the hype mine other coins waiting for the rise in price on our coins.

Plus its the weekend, the normal followers are now active. Price wont hold.

tokyoghetto

legendary

Activity: 1232

Merit: 1000

we are trading back down to 60 satoshis. this represents over a 10% drop from 24 hour highs. Amazing how much cryptos can move. Doge as a currency, to me, will never catch on. Doge as a trading vehicle it is prefect, plenty of money to be made and lost.

tokyoghetto

legendary

Activity: 1232

Merit: 1000

Quote from: Nullu on January 18, 2014, 11:28:53 AM

Quote from: tokyoghetto on January 18, 2014, 11:26:17 AM

Quote from: Nullu on January 18, 2014, 11:24:29 AM

It's so ridiculous I can't even comprehend, but Dogecoin is actually being used to do some seriously sized trading.

professional traders love doge because it can handle big size. its the only reason its getting pumped and dumped. no on wants to pump a coin that they can't sell at a profit, due to lack of liquidity.

Is that a bad thing? I mean if the coin is being traded at high values, then people are mining it, and if it has a high value, then people are using it..this is how stocks work, right? Obviously enough people think Dogecoin has value. You can't really dismiss this sort of market volume.

its a good thing because there is volume. but its a zero-sum game, for someone to win, some needs to lose. Miners who dump always win because they want btc. traders who pump win. the ones who lose are the one who buy high and sell low. remember that if a coin is at the top of coinchoose/coinwars, its going to hit with hashrate that only cares about mining and dumping. these prices won't hold, expect a pull back.

btbrae

hero member

Activity: 680

Merit: 500

Doge got a lot of people outside of crypto interested in crypto, since it was so widely distributed. And as they own Doge the first thing they buy is more Doge, naturally!

Nullu

hero member

Activity: 532

Merit: 500

Quote from: tokyoghetto on January 18, 2014, 11:26:17 AM

Quote from: Nullu on January 18, 2014, 11:24:29 AM

It's so ridiculous I can't even comprehend, but Dogecoin is actually being used to do some seriously sized trading.

professional traders love doge because it can handle big size. its the only reason its getting pumped and dumped. no on wants to pump a coin that they can't sell at a profit, due to lack of liquidity.

Is that a bad thing? I mean if the coin is being traded at high values, then people are mining it, and if it has a high value, then people are using it..this is how stocks work, right? Obviously enough people think Dogecoin has value. You can't really dismiss this sort of market volume.

tokyoghetto

legendary

Activity: 1232

Merit: 1000

Quote from: Nullu on January 18, 2014, 11:24:29 AM

It's so ridiculous I can't even comprehend, but Dogecoin is actually being used to do some seriously sized trading.

professional traders love doge because it can handle big size. its the only reason its getting pumped and dumped. no on wants to pump a coin that they can't sell at a profit, due to lack of liquidity.

tokyoghetto

legendary

Activity: 1232

Merit: 1000

Quote from: Andrew717 on January 18, 2014, 11:22:34 AM

Quote from: wontonforevuh on January 18, 2014, 10:44:46 AM

Quote from: Andrew717 on January 18, 2014, 10:41:13 AM

I only own a very small amount of dogecoins (about 250,000). I bought them for .1 btc (about $78 at the time) I figured I spend that much in lottery tickets in 2 weeks that at least I might have something to show for it later. Hoping this lottery ticket pays off in a few years.

wtf you spend $150 per month on lottery tickets...

I was spending about $20 every drawing...2 drawings per week, so probably a bit more. I haven't played lotto since Christmas though since I've been buying Crytpos. Why? Is $150 a lot of money to you? Tongue

this is what I thought...some people play $100 a week in lotto and its chump change to them. I know millionaires who play the lotto because the money goes to help the province so in the end they don't mind.

Nullu

hero member

Activity: 532

Merit: 500

It's so ridiculous I can't even comprehend, but Dogecoin is actually being used to do some seriously sized trading.

sitefive

full member

Activity: 210

Merit: 100

Quote from: Andrew717 on January 18, 2014, 11:22:34 AM

Quote from: wontonforevuh on January 18, 2014, 10:44:46 AM

Quote from: Andrew717 on January 18, 2014, 10:41:13 AM

I only own a very small amount of dogecoins (about 250,000). I bought them for .1 btc (about $78 at the time) I figured I spend that much in lottery tickets in 2 weeks that at least I might have something to show for it later. Hoping this lottery ticket pays off in a few years.

wtf you spend $150 per month on lottery tickets...

I was spending about $20 every drawing...2 drawings per week, so probably a bit more. I haven't played lotto since Christmas though since I've been buying Crytpos. Why? Is $150 a lot of money to you? Tongue

How do I Neg rep you?

Andrew717

member

Activity: 60

Merit: 10

Quote from: wontonforevuh on January 18, 2014, 10:44:46 AM

Quote from: Andrew717 on January 18, 2014, 10:41:13 AM

I only own a very small amount of dogecoins (about 250,000). I bought them for .1 btc (about $78 at the time) I figured I spend that much in lottery tickets in 2 weeks that at least I might have something to show for it later. Hoping this lottery ticket pays off in a few years.

wtf you spend $150 per month on lottery tickets...

I was spending about $20 every drawing...2 drawings per week, so probably a bit more. I haven't played lotto since Christmas though since I've been buying Crytpos. Why? Is $150 a lot of money to you? Tongue

wontonforevuh

member

Activity: 266

Merit: 10

Quote from: Andrew717 on January 18, 2014, 10:41:13 AM

I only own a very small amount of dogecoins (about 250,000). I bought them for .1 btc (about $78 at the time) I figured I spend that much in lottery tickets in 2 weeks that at least I might have something to show for it later. Hoping this lottery ticket pays off in a few years.

wtf you spend $150 per month on lottery tickets...

Andrew717

member

Activity: 60

Merit: 10

I only own a very small amount of dogecoins (about 250,000). I bought them for .1 btc (about $78 at the time) I figured I spend that much in lottery tickets in 2 weeks that at least I might have something to show for it later. Hoping this lottery ticket pays off in a few years.

Conqueror

legendary

Activity: 1354

Merit: 1020

I was diagnosed with brain parasite

Dogs have brains?

lynn_402

sr. member

Activity: 462

Merit: 253

Quote from: gnode on January 18, 2014, 10:15:03 AM

Quote from: tokyoghetto on January 18, 2014, 10:01:31 AM

its a pump...you know what comes after a pump right?

Wrong! the days of pump and dump are over. Look at the size of the buy and sell orders, very few peeps have the portfolio to pump something of this magnitude. Its going up for real and so are all the Alts! DOGE is the new leading indicator for the ALTS.

BTW I don't own any DOGE, also I hope you made out on the IFC rise over 500! Way back in september on cyrptsy chat I suggested you hold IFC and you would eventually profit.

That's quite true. This weekend and the coming week will be grand.

hasar

sr. member

Activity: 336

Merit: 250

Such cute doge.

gnode

sr. member

Activity: 492

Merit: 250

Quote from: tokyoghetto on January 18, 2014, 10:01:31 AM

its a pump...you know what comes after a pump right?

Wrong! the days of pump and dump are over. Look at the size of the buy and sell orders, very few peeps have the portfolio to pump something of this magnitude. Its going up for real and so are all the Alts! DOGE is the new leading indicator for the ALTS.

BTW I don't own any DOGE, also I hope you made out on the IFC rise over 500! Way back in september on cyrptsy chat I suggested you hold IFC and you would eventually profit.

Topic: Dogecoin really flying off the handle this morning (Read 1781 times)