I think doge will not have bright future because at the beginning it was created for entertainment purposes. However it is too good for a altcoin with fast transaction speed and low cost
Topic: Future of DogeCoin - page 6. (Read 6374 times)
No one can tell for sure what is the future of a particular cryptocurrency. DogeCoin is one of the cryptocurrency which have the most liquidity and trading volume. The price might be low at this point but given solid fundamentals, it might have a very bright future.
Dogecoin must be used as a means of transaction. Earn on it will be extremely problematic, because its algorithm contains inflation, which presses down the price downwards
Dog coins have no technological innovation. The technological innovation of virtual currency has been made a lot of hundreds of virtual currencies before the dog coins. A lot of new currency marketing has a lot of technical rhetoric when it comes to marketing itself. XPM said that mining itself can also help scientific computing. ANC said that it is more anonymous. FST said that it is very fast. PTS said that it can be used as a 1:1 next year. Exchange chips for bit stocks. However, DOGE dog money does not have these characteristics. If you want to find a reason for the prospect of the dog's coin, it is mostly: everyone likes it. The prerequisite for the survival of the acoin currency is good distribution. If many people are willing to hold it, it will not die. At present, everyone's interest in dog coins is still strong.
In my view, if I was in the field of crypto recently and I can not understand why people are still buying dogecoin because I think only the nonsense coins available on the market today are not worth to invest money in such dead coins but I do not understand the concept of people who choose a good coin. so I personally before investing, I will always do proper research before investing in coins.
in May 2018 the doge is likely to rise sharply
users more and more, although never update but the price is more stable and certainly cheaper
I'm sorry, but I did not understand anything, what did you say users more and more, although never update but the price is more stable and certainly cheaper
in May 2018 the doge is likely to rise sharply
users more and more, although never update but the price is more stable and certainly cheaper
users more and more, although never update but the price is more stable and certainly cheaper
Dogicon is very easy to use, payments come quickly, the commission for transactions is very low, but the price of a coin will not grow very much.
Yes I agree. This really is the utility of Dogecoins nowadays where it is logical.
Otherwise, like holding it long term and hoping for growth is not advisable.
Better use it for payment or sending some for transactions since transactions cost is very low and affordable.
But growth, don't consider it.
if the amount of coins will be reduced by a radius 1/1000, effectively, its value would be multiplied by 1000. But, where is the difference?
Japanese are not 100 times poorer than a European because their currency is worth 100 times less, a monetary unit is only an arbitrary measure, which is usually chosen for practical reasons, it has nothing to do with value.
The current value of a unit of dogecoin is perfect, it still has enough margin to be matched in the future to dollars or euros.
As for inflation, it is currently much lower than bitcoin, and in the future, even if it is maintained, its percentage will be reduced.
Japanese are not 100 times poorer than a European because their currency is worth 100 times less, a monetary unit is only an arbitrary measure, which is usually chosen for practical reasons, it has nothing to do with value.
The current value of a unit of dogecoin is perfect, it still has enough margin to be matched in the future to dollars or euros.
As for inflation, it is currently much lower than bitcoin, and in the future, even if it is maintained, its percentage will be reduced.
Dogicon is very easy to use, payments come quickly, the commission for transactions is very low, but the price of a coin will not grow very much.
Inflation is certainly shocking, but there are coins with bigger inflation problems to deal with in future.
https://bitcointalksearch.org/topic/m.35127235
https://bitcointalksearch.org/topic/m.35127235
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As long we have no new developers to take over for Doge, the future is uncertain for this kind of coin. Although we say that this year is the “Year of the Earth Dog”, it does not mean that those people who own Dogecoins are going to prosper this year. We have to face the reality that Dogecoin is nothing but a useless coin. I have sold all of my Dogecoins before to buy Waves.
I disagree with you. Dogicon have no updates, but a good team and a strong community. This coin is meme but useful and convenient to use. Most likely this coin to exist at any time without comp for a long time, but big profits on it you will not do.
This coin is a kind of unique and is difficult to say whether it is going to stay or to disappear. It's true that there are no developments (as far as I know), but it has a very strong community and people like it very much. At the end, what is going to stay is what people want to use. I wouldn't be so pessimistic about the future of this coin, even if - if I had to invest seriously - probably it wouldn't be my first choice
you do not even know what the future of particular cryptocurrency, or the exact time when a coin is going to rise and what will be reason, Dogecoin has one of the most active developer team with many contributors and code updates, You could say that Dogecoin has become a standard in the crypto world and it will not be going away any time soon
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 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.
As long we have no new developers to take over for Doge, the future is uncertain for this kind of coin. Although we say that this year is the “Year of the Earth Dog”, it does not mean that those people who own Dogecoins are going to prosper this year. We have to face the reality that Dogecoin is nothing but a useless coin. I have sold all of my Dogecoins before to buy Waves.
One of the names I heard the most in the crypto currency is the dogecoin. I saw that it was a bit complicated when I analyzed the project. I think it needs some time. Not bad for consultants.
I think dogecoin has no future anymore, so I advise not to invest in dogecoin, you better invest in ETH.
I still believe doge coin will appreciate very well this year.
Dogecoin is a first coin that is actually based on the marketing initiatives. Efforts are constantly being made in the crypto community to attract more people in dogecoin. The price may be reduced at this point but there is a very bright future in it.
I think this coin has no future. It is better to invest in another more promising coin. I advise you to invest in ETH or NEO.
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