I introduced cryptocurrency to my friends by using DOGECOIN - page 3.

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legendary

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Quote from: kpierce77 on December 27, 2020, 03:13:08 PM

To be honest, I think Dogecoin is very good when used in daily activities. Besides the very affordable price, Dogecoin also has fast transaction speeds. If mass adoption of bitcoin/crypto occurs, I believe Dogecoin will be the best alternative

I agree that Dogecoin is very good when used in daily activities, but I do not agree that Dogecoin has transaction speed, previously I used Dogecoin and the transaction speed was around 30 seconds to 1 minute, very different when compared to XRP, XLM or EOS which has a transaction speed of under 10 seconds.
However Dogecoin is not a bad choice to invest there as Dogecoin's market cap rating is still within the top 100.

Oilacris

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Quote from: dupee419 on December 20, 2020, 11:06:17 AM

Of all cryptocurrencies, why doge? as a crypto enthusiast myself, I love sharing my experiences with Bitcoin and other cryptcies with my friends, I often get to start off my sharing with DOGECOIN rather than Bitcoin, why is it you say? Well since my friends (at least in my circle of friends) know a lot and love doge memes, I then start off the topic by talking about doge and how popular doge is, then I finally start to tackle about dogecoin being an actual digital currency (I decided to say digital currency so they'd have an idea instead of cryptocurrency) and after a short explanation they are then ought to believe with what I'm saying by showing that I am actually earning dogecoins, and after a few months, they've started planning to actually buy dogecoins and see for themselves, it's actually an easier way to make them benefit with cryptocurrency using other cryptocurrency rather than just by relying on Bitcoin.

Not to sound bitter but Dogecoin isnt really much a wise choice if you and your friends are really targeting on making profits.It would be much more better if
you directly told them about bitcoin but well its your choice.

Sooner or later, that friend of yours will definitely be curious about Bitcoin specially if they do engage too much in crypto market.They would able to tell
the difference when they do engage with Bitcoin and other alts.

Still a good way on introducing crypto into other people.

rat03gopoh

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I hope you won't disappoint your friends with the wrong investment recommendations.
You should tell your friends a little about the doge background. Apart from that, the hype has passed and you should also point out the history of past doge prices (before going viral) which to be flat.

kpierce77

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To be honest, I think Dogecoin is very good when used in daily activities. Besides the very affordable price, Dogecoin also has fast transaction speeds. If mass adoption of bitcoin/crypto occurs, I believe Dogecoin will be the best alternative

Silberman

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Quote from: c0rnel1us on December 22, 2020, 05:38:20 PM

DOGECOIN has an other advantage for new comers,

As a first investment, you can own multiple DOGECOIN and not only a small fraction of one DOGECOIN. (hello BTC !)
It's more intuitive to start.

Your bitcoin wallet has the option to allow you to see your holdings in mBTC or in any other denomination that you want and taking into account that a mBTC right now is the equivalent of roughly 27 dollars that is low enough for people to begin to think in full units so the advantage that you claim that dogecoin has is purely cosmetic in my opinion and without a doubt bitcoin is the best investment among the two so if possible I think that at first we should introduce whoever we want to come to this market to bitcoin and nothing more.

john_nautica

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It's nice that you are introducing cryptocurrency to your friends, well any coin will do as long as they would understand the concept on how does it work. Well I first introduce cryptocurrency some basic terms I usually lead them to watching youtube videos.

Greatdev

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Coins that are less costly are good for introductions, you can conveniently send to your friends for them to give a try, Dogecoin, Litecoin, XRP, TRON are still very much affordable so you can do some give out to make them develop some interest or not

ethereumhunter

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I think that is a good start to introduce people to using dogecoin. They can buy that coin at a low price while also holding the coin for some time. I think that is a good choice for dogecoin to buy and hold because dogecoin is one of the hidden gems that can increase someday. But this coin is unpredicted because we do not know when this coin will increase.

rahmatullah9305

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dogecoin is a bold joke. I like the idea and the way it works. On my side, I think this is an ideal coin to recommend (for fun).
I've always been looking forward to another project like that, but maybe cat crypto

When viewed from several different sides, Dogecoin does not look like a joke, although not many people have benefited from Dogecoin, but in terms of volume and interest there are still very many when compared to other joke tokens.

tsaroz

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Dogecoin is fairy easy way of making people understand how crypto works. It's cheap, fast and works on whole numbers.
But when people are interested in crypto, they are looking for a few different things and one of the most prominent is investment and eventual profitable return of it. For it, Bitcoin and newer potential alts would be an better option. If they are into blockchain tech and development, side chain solutions like Ethereum would have better significance.

Zackgeno96

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That's really great that you started introducing Dogecoin first of all it's a combination of meme and cryptocurrency also I think the Doge coin was created for educational purposes and I think that's good move to start with Dogecoin.

Cling18

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Introducing altcoins like Dogecoin to your friends isn't a wrong idea as long as you're able to explain everything well including its risks and benefits. You also have to help them understand the value and edge of topcoins like Bitcoin and Ethereum. It's fine to teach your friends coins that you're comfortable with because you'll be able to relate and share your experiences as good proof of investing with it.

posi

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Quote from: leea-1334 on December 23, 2020, 01:04:55 PM

Quote from: posi on December 22, 2020, 12:52:01 PM

It's understandable that the dogecoin meme contest was a success and it gives the coin more exposure but cryptocurrency is a serious investment that needs to be treated more than just fun and dogecoin to only be an entertaining/online reward coin was the reason most whales investors never support it.
Nevertheless, I also start my crypto joining with dogecoin, it was among the reputable crypto then, and it not among the powerful ones now.

But why change something that is clearly not broken? Dogecoin is truly one of the more decentralized altcoins where it is just moving and flowing as it has always been. Has a nice status as a memecoin unchallenged. And still can make waves. Seems like the perfect ALTERNATIVE coin to me:)

Clearly not broken? I dont disagree with Dogecoin to be one of the genuinely decentralized altcoin but it concept was the reason most cryptocurrency investors dont consider it to be worth invest in cause crypto is a serious investment setting not just a meme which won't interest whales investors.

leea-1334

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Quote from: posi on December 22, 2020, 12:52:01 PM

It's understandable that the dogecoin meme contest was a success and it gives the coin more exposure but cryptocurrency is a serious investment that needs to be treated more than just fun and dogecoin to only be an entertaining/online reward coin was the reason most whales investors never support it.
Nevertheless, I also start my crypto joining with dogecoin, it was among the reputable crypto then, and it not among the powerful ones now.

But why change something that is clearly not broken? Dogecoin is truly one of the more decentralized altcoins where it is just moving and flowing as it has always been. Has a nice status as a memecoin unchallenged. And still can make waves. Seems like the perfect ALTERNATIVE coin to me:)

zaim7413

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Quote from: magnum cyber on December 22, 2020, 05:42:39 PM

not a wrong step, but it is much better if the first time you introduce it should be bitcoin. thus people can easily find crypto other than bitcoin. around me is more dominant and the majority know what bitcoin is than Dogecoin.

Yes, that's right, if the king of coins like Bitcoin is already recognized, then indirectly that person will look for other alternative tokens that have support like Bitcoin, whether it's Dogecoin or others, which is clear they will find out about other tokens apart from Bitcoin itself.

eucalyptus

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It's a very good step indeed. That is what Elon Musk trying to do nowadays. He is trying to introduce altcoins with DOGE. I am suspicious about that maybe he was creator of DOGE also. But anyway even some people are angry at him at least he is promoting altcoins in a viral way.

Actually DOGE is much more better than some other altcoins. Even some people say its just a crypto MEME.

Debonaire217

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That's great! It would help the community of DOGECOIN and the DOGECOIN itself because of the additional people who uses it besides bitcoin. Its a good start for beginners who want to learn something in the world of cryptocurrency. Bitcoin for others when heard, may become a big word for them because a lot of people is gaining profit from it. They would think that they will handle a big responsibility when holding a bitcoin but instead introducing first dogecoin would make them feel that the responsibility is lighter than bitcoin.

Genemind

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It is a good step to start introducing crypto to your friends. Rather than giving them a huge expectation of earnings from crypto, as they get involved with dogecoin they will slowly learn bout other crypto and who knows dig deeper, and learn more about crypto. I never encourage my friends to learn about crypto just because of it's potential for earning, but for its convenience and use case.

SquallLeonhart

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I have never considered this before! I have been involved with crypto world for years now and I have never really considered it something very serious and something that is more politically charged as well, can't believe that I never considered something like this before.

I personally talked to my friends about bitcoin and ethereum, most recently about defi, all to convince them to get involved, even if they do not spend a lot of money, at least try to earn some by doing some work if they can (most of them can freelance). However it is very hard to get them involved the hardest part is to get them start, after that things are not that bad because they get involved and actually find it fun and profitable but that first part is always the hardest part. Using doge to make it more fun and just a joking matter could make them more interested.

accounting 181293

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if I use Bitcoin. it is very easy to explain crypto using Bitcoin, because bitcoin is the first crypto coin and is very profitable now. Usually I explain about the advantages and functions of blockchain. the way bitcoin is not bound by regulations, and of course how to get money from bitcoin. explaining crypto trading is not that difficult, when compared to forex or stocks. so it looks easy even if I'm not an expert. if my friend is interested in bitcoin and crypto, then I explain everything about easy crypto from Dapps, privacy coins, Defi and crypto trading in more detail.

Topic: I introduced cryptocurrency to my friends by using DOGECOIN - page 3. (Read 791 times)