Is a 150+ Sat Doge Sustainable? | Bitcointalksearch.org

WalkerIVIV

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Quote from: paramind22 on January 31, 2021, 07:10:04 PM

And is that profitable? It's not like printing dollar bills.

It's still profitable as long as you have enough hashrate power to mine doge coin. You can try to calculate it through the doge coin mining calculator.
The blockreward for doge is around 10k and this will be last forever. We can expect people can mine less and less doge consider more players are joining in the doge pool.

paramind22

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Quote from: Flowzer on January 31, 2021, 06:47:47 PM

Quote from: ene1980 on January 31, 2021, 03:39:04 PM

It is not that easy to speculate whether the price of doge is sustainable, the reason for the pump we had is not because of any fundamental reasons but a group of investors hyped the coin and started investing heavily and as long as they keep on investing the price will sustain these levels and if these investors starts booking their profit the price will go down drastically.

Agree, but its hard to keep the price since many holders know that the price shouldnt be there then realize to take profit from it as soon as possible.
No Max Supply for Doge also not strong fundamentals reasons become the reason of it.

You do have to keep mining it though. That's how more is produced, and it takes electricity. And is that profitable? It's not like printing dollar bills.

Flowzer

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Quote from: ene1980 on January 31, 2021, 03:39:04 PM

It is not that easy to speculate whether the price of doge is sustainable, the reason for the pump we had is not because of any fundamental reasons but a group of investors hyped the coin and started investing heavily and as long as they keep on investing the price will sustain these levels and if these investors starts booking their profit the price will go down drastically.

Agree, but its hard to keep the price since many holders know that the price shouldnt be there then realize to take profit from it as soon as possible.
No Max Supply for Doge also not strong fundamentals reasons become the reason of it.

paramind22

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Quote from: ene1980 on January 31, 2021, 03:39:04 PM

It is not that easy to speculate whether the price of doge is sustainable, the reason for the pump we had is not because of any fundamental reasons but a group of investors hyped the coin and started investing heavily and as long as they keep on investing the price will sustain these levels and if these investors starts booking their profit the price will go down drastically.

It really hasn't gone down though. The price is 100 Sat right now, last time I checked.

paramind22

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Quote from: coinswebid on January 31, 2021, 03:32:54 PM

Quote from: paramind22 on January 31, 2021, 02:47:34 PM

Do you think a 150+ Sat Doge is sustainable? It seems the Doge preference has come on the heels of the GameStop stock activism. What level is sustainable long term? I think once people learn about moving funds between exchanges, Dogecoin is the best bet for that.

nothing sustainable price in cryptocurrency my friend, especially in bitcoin terms
because this market is very volatile, whenever price will gog down or go up in fast mode

I call this idea the "canvas" of cryptocurency. You have to know how to separate value from volatility.

ene1980

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It is not that easy to speculate whether the price of doge is sustainable, the reason for the pump we had is not because of any fundamental reasons but a group of investors hyped the coin and started investing heavily and as long as they keep on investing the price will sustain these levels and if these investors starts booking their profit the price will go down drastically.

coinswebid

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Quote from: paramind22 on January 31, 2021, 02:47:34 PM

Do you think a 150+ Sat Doge is sustainable? It seems the Doge preference has come on the heels of the GameStop stock activism. What level is sustainable long term? I think once people learn about moving funds between exchanges, Dogecoin is the best bet for that.

nothing sustainable price in cryptocurrency my friend, especially in bitcoin terms
because this market is very volatile, whenever price will gog down or go up in fast mode

Bitum

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In the long run 150 sat for doge is too much, it will definitely return to 20 sat. But at the moment, I can't rule out that it is going in the direction of $ 1, I think with doge is not the end, but a beginning. And by the way, you are right, Doge is very convenient for intermediate transactions

paramind22

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Do you think a 150+ Sat Doge is sustainable? It seems the Doge preference has come on the heels of the GameStop stock activism. What level is sustainable long term? I think once people learn about moving funds between exchanges, Dogecoin is the best bet for that.

Topic: Is a 150+ Sat Doge Sustainable? (Read 81 times)