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Topic: Future of DogeCoin - page 22. (Read 6375 times)

full member
Activity: 392
Merit: 100
November 04, 2017, 01:36:14 PM
The marketing value of Dogecoin is very low. the price may increase in their marketing value in these futures price.
Pab
legendary
Activity: 1862
Merit: 1012
November 04, 2017, 12:19:11 PM
The doge coin price is now low level,with time it can increase in future.

Low doge was at 18 sat whan btc price was around 1000$ and there is around 18 sat now whan btc prce is at 7000$,doge is stable and is gaining to dollar ,if btc correct there is always chance for doge pump
full member
Activity: 672
Merit: 100
November 04, 2017, 12:04:01 PM
Previously doge coin is also a potential coin, but since the appearance of gambling sites, a person can earn a million coin every day to lead the dogecoin market more and more led to its price drops significantly. Its highest peak appears to be 108 sts but currently it costs 18 sts. Now no one is investing in the coin anymore and it is going to disappear
hero member
Activity: 784
Merit: 1000
Live Stars - Adult Streaming Platform
November 04, 2017, 11:58:02 AM
I think he has a great future. From a joke turned out to be a good project. The developer is a very active person. Takes part in various investment projects.  Cool
sr. member
Activity: 910
Merit: 257
November 04, 2017, 11:43:18 AM
1. Limit its Supply:

 More than 100 billion doge coins are in circulation with market cap of approx. USD 13.5 MIL . 100 billion is a big number and it's always increasing so unless community decide to limit it , i donot think it can attain any significant value in longterm.

2. Ok if we limit it - what will we do with existing coins?:

Solution to above problem is quite simple. We just need to publish a new Crypto-token or currency which will derive it's value from previous currency in circulation. For Ex: Let the new currency be called Super Dogecoin denoted by S-DOGE. As per our convenience we can set it's base value like 1 S-DOGE could be equal to 1000 or 10K or say even 100k DOGEs . So not just it will decrease the numbers of coin but will also hold significant value. And this new currency could also be listed to the exchange if needed.
Thank you.
Somehow it could help. Limitting the supply by swapping it to a lesser supplied nre coin. But it will still depend on the community if they want to see a new coin from the old dogecoin.
Too sad, doge is somewhat being left by some people. With its vale, this coin offers a very cheap transaction fee.
full member
Activity: 224
Merit: 100
November 04, 2017, 11:34:28 AM
dogecoin was created initially for fun but despite his huge supply, the main advantages are fast and low fees transaction!
full member
Activity: 686
Merit: 100
★Bitvest.io★ Play Plinko or Invest!
November 04, 2017, 11:23:08 AM
Yesterday one of my friend sent me some dogecoins, so out of curiosity i started digging information about how this coin work and how it is different from others as it is my first interaction with this Crypto-asset.

I found some interesting information regarding how it's origin is based on a popular internet meme and it's community active participation in various charity works and even in helping their fellow mates who lost their dogecoins in a cyberattack through various crowdfunding efforts, which is indeed appreciable.

If we specifically talk about speed of transactions - i have to say dogecoin is indeed fast. But the thing which caught my attention is there is no limit to its suppy, which means it is present in infinite amount.

Till today more than 100 billion dogecoins are in circulation. With as of today Oct-23-2017 , 1 DOGE =   $0.00101075 .
We have been taught about price-supply-demand things in school , in simple terms a price of an asset will depend on demand in market and its suppy - if supply of an asset is more than demand price falls and if supply is less and demand in market is more then price of an asset increases. So we can relate this to the continous BTC price increase as demand for bitcoin is more and supply is limited which increases it's value.
Comming to the fact that dogecoins have no limit of supply i hardly think it can ever become an investment asset or a stable currency ever. I see some people on twitter who are investing in alt coins see it as an long investment on which i completely disagree.

If we want to see doge coin really succeed , here are my views what the developers should seriously take note of:

1. Limit its Supply:

 More than 100 billion doge coins are in circulation with market cap of approx. USD 13.5 MIL . 100 billion is a big number and it's always increasing so unless community decide to limit it , i donot think it can attain any significant value in longterm.

2. Ok if we limit it - what will we do with existing coins?:

Solution to above problem is quite simple. We just need to publish a new Crypto-token or currency which will derive it's value from previous currency in circulation. For Ex: Let the new currency be called Super Dogecoin denoted by S-DOGE. As per our convenience we can set it's base value like 1 S-DOGE could be equal to 1000 or 10K or say even 100k DOGEs . So not just it will decrease the numbers of coin but will also hold significant value. And this new currency could also be listed to the exchange if needed.
Thank you.

I choose to leave dogecoin, never take it again. This coin make me stress and sometimes lost control. Until now, dogecoin doesn't have significant price moving and volume. Nothing special about this coin and I don't have time/ patience to hold anymore. I sell it and loss almost 25% from my money. Just leave it and good luck.
jr. member
Activity: 56
Merit: 10
November 04, 2017, 11:17:03 AM
The doge coin price is now low level,with time it can increase in future.
full member
Activity: 434
Merit: 103
November 04, 2017, 09:45:33 AM
Yesterday one of my friend sent me some dogecoins, so out of curiosity i started digging information about how this coin work and how it is different from others as it is my first interaction with this Crypto-asset.

I found some interesting information regarding how it's origin is based on a popular internet meme and it's community active participation in various charity works and even in helping their fellow mates who lost their dogecoins in a cyberattack through various crowdfunding efforts, which is indeed appreciable.

If we specifically talk about speed of transactions - i have to say dogecoin is indeed fast. But the thing which caught my attention is there is no limit to its suppy, which means it is present in infinite amount.

Till today more than 100 billion dogecoins are in circulation. With as of today Oct-23-2017 , 1 DOGE =   $0.00101075 .
We have been taught about price-supply-demand things in school , in simple terms a price of an asset will depend on demand in market and its suppy - if supply of an asset is more than demand price falls and if supply is less and demand in market is more then price of an asset increases. So we can relate this to the continous BTC price increase as demand for bitcoin is more and supply is limited which increases it's value.
Comming to the fact that dogecoins have no limit of supply i hardly think it can ever become an investment asset or a stable currency ever. I see some people on twitter who are investing in alt coins see it as an long investment on which i completely disagree.

If we want to see doge coin really succeed , here are my views what the developers should seriously take note of:

1. Limit its Supply:

 More than 100 billion doge coins are in circulation with market cap of approx. USD 13.5 MIL . 100 billion is a big number and it's always increasing so unless community decide to limit it , i donot think it can attain any significant value in longterm.

2. Ok if we limit it - what will we do with existing coins?:

Solution to above problem is quite simple. We just need to publish a new Crypto-token or currency which will derive it's value from previous currency in circulation. For Ex: Let the new currency be called Super Dogecoin denoted by S-DOGE. As per our convenience we can set it's base value like 1 S-DOGE could be equal to 1000 or 10K or say even 100k DOGEs . So not just it will decrease the numbers of coin but will also hold significant value. And this new currency could also be listed to the exchange if needed.
Thank you.

Limiting supply is a welcome suggestion and would probably work to increase the value but I have to say your second suggestion is completely redundant, you are basically moving the decimal point a few places, it would not change anything with regards to the price or market cap.
full member
Activity: 868
Merit: 100
Buy $BGL before it's too late!
November 04, 2017, 09:34:00 AM
In all altcoin, dogecoin is considered to be the biggest market for coin and it is very hard for dogecoin to get good prices because their development team can create a lot of dogecoin to be able to sell Bitcoin. For me should not invest in dogecoin as it will not help you make a good profit

I was thinking the opposite. Doge has great potential to use for speculate in market. We can imagine if doge can go up 3sat. In percentage, of course it's enough big.
hero member
Activity: 1778
Merit: 504
WorkAsPro
November 04, 2017, 07:23:39 AM
In all altcoin, dogecoin is considered to be the biggest market for coin and it is very hard for dogecoin to get good prices because their development team can create a lot of dogecoin to be able to sell Bitcoin. For me should not invest in dogecoin as it will not help you make a good profit
sr. member
Activity: 434
Merit: 250
November 04, 2017, 07:20:00 AM
I don't have much expectation from this coin
So i'm not seeing any future for doge coin.

I don't think i will ever think to invest
full member
Activity: 364
Merit: 101
November 04, 2017, 07:01:13 AM
As for me i'm not seeing any future for doge coin. I have before invested in this coin but the price just stay dormant. It may move a couple but it never really went up high enough to cover for transaction fees. So i'm saying No to dogecoin since then.
full member
Activity: 157
Merit: 100
November 04, 2017, 06:42:57 AM
Dogecoin is a coin used for tipping. Widely used in reddit. It doesn't get any further than that. It was a meme coin, had its peak, it's the first tipping coin infact. Don't expect it to grow huge, because it won't. All I do with dogecoin is have fun with it, because it has no real purpose after all.

This answer fit me, I think the same thing too.
sr. member
Activity: 420
Merit: 256
اللعنة
November 04, 2017, 06:41:41 AM
Yesterday one of my friend sent me some dogecoins, so out of curiosity i started digging information about how this coin work and how it is different from others as it is my first interaction with this Crypto-asset.

I found some interesting information regarding how it's origin is based on a popular internet meme and it's community active participation in various charity works and even in helping their fellow mates who lost their dogecoins in a cyberattack through various crowdfunding efforts, which is indeed appreciable.

If we specifically talk about speed of transactions - i have to say dogecoin is indeed fast. But the thing which caught my attention is there is no limit to its suppy, which means it is present in infinite amount.

Till today more than 100 billion dogecoins are in circulation. With as of today Oct-23-2017 , 1 DOGE =   $0.00101075 .
We have been taught about price-supply-demand things in school , in simple terms a price of an asset will depend on demand in market and its suppy - if supply of an asset is more than demand price falls and if supply is less and demand in market is more then price of an asset increases. So we can relate this to the continous BTC price increase as demand for bitcoin is more and supply is limited which increases it's value.
Comming to the fact that dogecoins have no limit of supply i hardly think it can ever become an investment asset or a stable currency ever. I see some people on twitter who are investing in alt coins see it as an long investment on which i completely disagree.

If we want to see doge coin really succeed , here are my views what the developers should seriously take note of:

1. Limit its Supply:

 More than 100 billion doge coins are in circulation with market cap of approx. USD 13.5 MIL . 100 billion is a big number and it's always increasing so unless community decide to limit it , i donot think it can attain any significant value in longterm.
I think, one of the reasons why dogecoin was once a big hit at some point is that people tend to go with the flow. It was once a trend and people love going along with latest trends. They got hyped with this altcoin, which is actually just a meme coin. Dogecoin is one of these trends, and was a victim of trend makers. If dogecoin is a person, I will compare it to a ONE DAY MILLIONAIRE who became popular in just a short period of time.

Also, you are right that the total number of circulating supply is too big. Going back to the basic concept of economics - The Law of Supply and Demand, a high supply of a product and low demand will lead to decrease/fall to its value. Dogecoin is not a popular nowadays, and it's not a surprise that its price has drastically fell in the course of time.

2. Ok if we limit it - what will we do with existing coins?:

Solution to above problem is quite simple. We just need to publish a new Crypto-token or currency which will derive it's value from previous currency in circulation. For Ex: Let the new currency be called Super Dogecoin denoted by S-DOGE. As per our convenience we can set it's base value like 1 S-DOGE could be equal to 1000 or 10K or say even 100k DOGEs . So not just it will decrease the numbers of coin but will also hold significant value. And this new currency could also be listed to the exchange if needed.
Thank you.

In my opinion, creating a sub-coin or new coin derived from dogecoin will make any change in dogecoin's value. There's already a lot of new tokens out there, and people will prefer to choose those projects with whitepapers than this dogecoin-cloned altcoin. Other than trying to revive the value of dogecoin, there's no other clear reason (at least, for now) to create new coin from dogecoin. Creating a coin from a meme coin is not a good idea.
full member
Activity: 224
Merit: 100
November 03, 2017, 01:08:03 PM
Every time I see a post asking about the future of Doge, I just want to burst out laughing and cry at the same time. It baffles me why doge has so much support for a project that zero development. Cryptocurrency has become a speculation market. This will be the cause of the downfall. It seems noone cares about the value these projects bring.
legendary
Activity: 1218
Merit: 1000
October 31, 2017, 04:07:55 PM
It is a pity that dopecoin isn't taken seriously because in my opinion it is much better than a lot of blcoins in circulation today. Doge has a reputation as a fun coin, which is wrong, and efforts should be made market it differently

It's quite difficult to market something as "serious" when the founder of it has called it a joke with no value.
full member
Activity: 266
Merit: 102
October 30, 2017, 08:32:41 PM
It is a pity that dopecoin isn't taken seriously because in my opinion it is much better than a lot of blcoins in circulation today. Doge has a reputation as a fun coin, which is wrong, and efforts should be made market it differently
newbie
Activity: 23
Merit: 0
October 30, 2017, 08:28:37 PM
DogeCoin will be HUGE! People love DOGEs. It it a family friendly coin with great marketing opportunities. You have to see the future. It will be a crypto world. Everything will be tokenized and crypto currency will be fully adopted. DOgeCoin could easily become a multibillion market cap coin. 
member
Activity: 700
Merit: 14
Coin ● https://coindefi.org
October 30, 2017, 03:13:56 PM
Dogecoin will slowly die.  It was created as a joke and now the creator Jackson Palmer doesn't even support it anymore.
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