High-risk, high-reward: Dogecoin and Bitcoin

fartbags

legendary

Activity: 1190

Merit: 1004

Quote from: Zer0Sum on June 22, 2015, 04:45:54 PM

Quote from: fartbags on June 22, 2015, 04:39:39 PM

$20,000 USD for 1 BTC is going to happen within 6 years!

There's no need to go all in on any one coin. By your same argument, you shouldn't be buying DOGE coin either. It's possible that some low marketcap coins right now like THC or DOPE will go from a $5,000 marketcap to a $5,000,000,000 marketcap. Turning your $5,000 into $5,000,000,000.

If you have $5,000 to invest, it would probably be best to invest in some sort of person or company who manages your funds for you. This way you sit back and relax while they research coins and buy into them for you.

This a parody, right? You can't be this naive.

I wouldn't put more than 10% of my total investment funds into any one coin.

With so many amazing cryptocoins, many of them only get like 1% of my total investment funds.

Zer0Sum

legendary

Activity: 1588

Merit: 1000

Quote from: fartbags on June 22, 2015, 04:39:39 PM

$20,000 USD for 1 BTC is going to happen within 6 years!

There's no need to go all in on any one coin. By your same argument, you shouldn't be buying DOGE coin either. It's possible that some low marketcap coins right now like THC or DOPE will go from a $5,000 marketcap to a $5,000,000,000 marketcap. Turning your $5,000 into $5,000,000,000.

If you have $5,000 to invest, it would probably be best to invest in some sort of person or company who manages your funds for you. This way you sit back and relax while they research coins and buy into them for you.

This a parody, right? You can't be this naive.

fartbags

legendary

Activity: 1190

Merit: 1004

$20,000 USD for 1 BTC is going to happen within 6 years!

There's no need to go all in on any one coin. By your same argument, you shouldn't be buying DOGE coin either. It's possible that some low marketcap coins right now like THC or DOPE will go from a $5,000 marketcap to a $5,000,000,000 marketcap. Turning your $5,000 into $5,000,000,000.

If you have $5,000 to invest, it would probably be best to invest in some sort of person or company who manages your funds for you. This way you sit back and relax while they research coins and buy into them for you.

TaunSew

hero member

Activity: 756

Merit: 506

Quote from: spazzdla on June 22, 2015, 08:59:34 AM

Quote from: dataispower on June 19, 2015, 05:40:14 PM

Quote from: spazzdla on June 18, 2015, 03:45:56 PM

The doge is #2.. forget this silly Market cap bs.

I think it is an important discussion to have.

I think so as well. Most people that have heard of bitcoin have heard of dogecoin and not litecoin.

Doge's minimum payout allows for very small sending fees thus making it more of a spending currency IMO while bitcoin is like gold a holding currency.

Right it has had way more publicity and exposure to the real world than the next 300 alternates put together and yet where is Doge today? I feel like if any other alternate had Doge's reach than they would be #2 and probably $500+ million capitalization (and not from premine fake capitalization).

spazzdla

legendary

Activity: 1722

Merit: 1000

Quote from: dataispower on June 19, 2015, 05:40:14 PM

Quote from: spazzdla on June 18, 2015, 03:45:56 PM

The doge is #2.. forget this silly Market cap bs.

I think it is an important discussion to have.

I think so as well. Most people that have heard of bitcoin have heard of dogecoin and not litecoin.

Doge's minimum payout allows for very small sending fees thus making it more of a spending currency IMO while bitcoin is like gold a holding currency.

Ingatqhvq

hero member

Activity: 532

Merit: 500

dogecoin is nothing but a joke coin and leave it or you lost all of your money.

dataispower

sr. member

Activity: 1330

Merit: 289

Quote from: futureofbitcoin on June 21, 2015, 11:26:07 AM

Quote from: dataispower on June 21, 2015, 05:58:09 AM

Quote from: futureofbitcoin on June 20, 2015, 10:59:28 PM

Dataispower, I actually have an altcoin I just made right now, and it's marketcap is currently at about $0.00001 US Dollars.

Do you agree that my coin has a higher chance of increasing its price by 1 million-fold than dogecoin does?

It's not even a competition! my coin is clearly MUCH better than dogecoin! You should put all your money in my coin! Don't miss out on such a great opportunity!

Try harder.

Looks like you have no argument to back up your idiocy. YOu're the one who should try harder.

Try harder.

futureofbitcoin

sr. member

Activity: 322

Merit: 250

Quote from: dataispower on June 21, 2015, 05:58:09 AM

Quote from: futureofbitcoin on June 20, 2015, 10:59:28 PM

Dataispower, I actually have an altcoin I just made right now, and it's marketcap is currently at about $0.00001 US Dollars.

Do you agree that my coin has a higher chance of increasing its price by 1 million-fold than dogecoin does?

It's not even a competition! my coin is clearly MUCH better than dogecoin! You should put all your money in my coin! Don't miss out on such a great opportunity!

Try harder.

Looks like you have no argument to back up your idiocy. YOu're the one who should try harder.

dataispower

sr. member

Activity: 1330

Merit: 289

Quote from: ?? on ??

Quote from: dataispower on June 21, 2015, 06:08:56 AM

Quote from: ?? on ??

its creater left, it has the worst branding ever, nobody is going to take this shitcoin serious, its filled with kids worshipping a dumbass dog.

Where is the creator of bitcoin? Nobody is going to take twitter seriously it has a bird for a logo.

u dont understand branding, people accept much easier a mild little blue bird than an animated stupid dog, thats why it is a meme dude. you cant change a meme in something serious, its a joke. and most importantly twitter has a real world usecase, doge doesnt offer anything innovative or something with a real world purpose that bitcoin couldn't offer, its a shit copy of ltc/btc.

Yes, a joke with a $20+ million market cap, with more active users than all altcoins combined (including litecoin).

Try harder.

dataispower

sr. member

Activity: 1330

Merit: 289

Quote from: ?? on ??

its creater left, it has the worst branding ever, nobody is going to take this shitcoin serious, its filled with kids worshipping a dumbass dog.

Where is the creator of bitcoin? Nobody is going to take twitter seriously it has a bird for a logo.

dataispower

sr. member

Activity: 1330

Merit: 289

Quote from: ?? on ??

Quote from: dataispower on June 18, 2015, 10:27:12 AM

Quote from: BITCOINERSEJATI on June 18, 2015, 10:24:44 AM

Quote from: dataispower on June 18, 2015, 10:09:56 AM

In my opinion it is more probable for Dogecoin to gain $1 billion market cap, than for bitcoin to show the same amount of growth in the same period of time.

But as always, don’t invest more than you can afford to lose.

now we can discussion about dogecoin in here Huh

Btw Dogecoin are joke for me not special about that coin, i like litecoin than jokecoin

Yes, a joke with a $20+ million market cap, with more active users than all altcoins combined (including litecoin).

Reddit subscribers doesnt mean shit, many of them have 10+ sockpuppet accounts and 90% of them arebn't active anymore.

gtfo with this fucking dogshitcoin, its dev left too.

Which Dev left?

Dogecoin Developers:

Patrick Lodder

https://github.com/patricklodder

https://bitscan.com/articles/spotlight-on-dogecoin

Ross Nicoll

https://github.com/rnicoll

https://bitcoinexpo2015.com/ross-nicoll/

Max Keller

https://github.com/langerhans

http://thecoinfront.com/dogecoin-developer-langer-hans-very-moon-so-wow/

https://bitcoinmagazine.com/15320/dogecoin-core-development-interview/

Subscribers: 89K

http://www.reddit.com/r/dogecoin/

Twitter:

https://twitter.com/dogecoin 158K followers

Facebook:
https://www.facebook.com/OfficialDogecoin 61K likes

EDIT: you edited your post.

dataispower

sr. member

Activity: 1330

Merit: 289

Quote from: futureofbitcoin on June 20, 2015, 10:59:28 PM

Dataispower, I actually have an altcoin I just made right now, and it's marketcap is currently at about $0.00001 US Dollars.

Do you agree that my coin has a higher chance of increasing its price by 1 million-fold than dogecoin does?

It's not even a competition! my coin is clearly MUCH better than dogecoin! You should put all your money in my coin! Don't miss out on such a great opportunity!

Try harder.

dataispower

sr. member

Activity: 1330

Merit: 289

Quote from: ?? on ??

I don't think Doge will reach that amount of market cap
because Doge keep inflating and price will drop because of that

Currency supply:

Dogecoin and bitcoin estimated inflation rate for the next 10 years.

2015: Bitcoin: 10.00% | Dogecoin: 5.20%
2016: Bitcoin: 9.09% | Dogecoin: 4.94%
2017: Bitcoin: 4.17% | Dogecoin: 4.71%
2018: Bitcoin: 4.00% | Dogecoin: 4.50%
2019: Bitcoin: 3.85% | Dogecoin: 4.30%
2020: Bitcoin: 3.70% | Dogecoin: 4.13%
2021: Bitcoin: 1.79% | Dogecoin: 3.96%
2022: Bitcoin: 1.75% | Dogecoin: 3.81%
2023: Bitcoin: 1.72% | Dogecoin: 3.67%
2024: Bitcoin: 1.69% | Dogecoin: 3.54%

“The goal for the currency is to keep approximately 100 billion coins in circulation - thus after 100 billion Dogecoins are created, rewards will continue at 10k each block. This will help maintain mining and stabilize the number of coins in circulation (considering lost wallets and various other ways coins may be destroyed) at 100 billion.”
https://github.com/dogecoin/dogecoin/issues/23#issuecomment-33893149

dataispower

sr. member

Activity: 1330

Merit: 289

Quote from: Bitcoiner2015 on June 21, 2015, 01:02:23 AM

Quote from: dataispower on June 18, 2015, 10:09:56 AM

In my opinion it is more probable for Dogecoin to gain $1 billion market cap, than for bitcoin to show the same amount of growth in the same period of time.

For $5000 you could buy around 20 BTC today, and for 20 BTC you could buy around 25 Million doge. If dogecoin market cap goes to $1 billion, then you would have around $250,000. To see the same kind of return from bitcoin, the bitcoin market cap has to get to around $175,000,000,000. The price of one btc will have to be around $12,500.

Ask yourself, which is more probable to happen sooner, for 1 dogecoin to be valued $1 cent, to gain a market cap of $1 billion, or for bitcoin to get to $175,000,000,000 market cap.

Considering that litecoin already got to $1 billion market cap in the past, I don't see any reason why dogecoin wouldn't achieve the same result and more.

Don’t invest more than you can afford to lose.

No analysis, just opinion. Far too many people talk about just 1c meaning that a coins is worth x billion, just one problem, it isn't and won't be worth 1c!

You could make more with Doge, or lose it all. Bitcoin is much safer.

High-risk, high-reward.

I base the probability of dogecoin reaching $1 billion on the popularity of it, and the past performance of litecoin. I'm not an expert, and this is an opinion, which I've said. Your reply however does not contain any reference to anything.

Read the post before saying things like: "Markets don't look and think, ahh Doge could easily be 1c, lets just pump it to 50x its actual value to meet this stupid idea!".

Bitcoiner2015

full member

Activity: 120

Merit: 100

Quote from: dataispower on June 18, 2015, 10:09:56 AM

In my opinion it is more probable for Dogecoin to gain $1 billion market cap, than for bitcoin to show the same amount of growth in the same period of time.

For $5000 you could buy around 20 BTC today, and for 20 BTC you could buy around 25 Million doge. If dogecoin market cap goes to $1 billion, then you would have around $250,000. To see the same kind of return from bitcoin, the bitcoin market cap has to get to around $175,000,000,000. The price of one btc will have to be around $12,500.

Ask yourself, which is more probable to happen sooner, for 1 dogecoin to be valued $1 cent, to gain a market cap of $1 billion, or for bitcoin to get to $175,000,000,000 market cap.

Considering that litecoin already got to $1 billion market cap in the past, I don't see any reason why dogecoin wouldn't achieve the same result and more.

Don’t invest more than you can afford to lose.

No analysis, just opinion. Far too many people talk about just 1c meaning that a coins is worth x billion, just one problem, it isn't and won't be worth 1c!
Markets don't look and think, ahh Doge could easily be 1c, lets just pump it to 50x its actual value to meet this stupid idea!

You could make more with Doge, or lose it all. Bitcoin is much safer.

futureofbitcoin

sr. member

Activity: 322

Merit: 250

Dataispower, I actually have an altcoin I just made right now, and it's marketcap is currently at about $0.00001 US Dollars.

Do you agree that my coin has a higher chance of increasing its price by 1 million-fold than dogecoin does?

It's not even a competition! my coin is clearly MUCH better than dogecoin! You should put all your money in my coin! Don't miss out on such a great opportunity!

MyLucky7

member

Activity: 62

Merit: 10