Is Dogecoin a real coin? - page 3. | Bitcointalksearch.org

Midy

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Quote from: hack3rcon on April 16, 2021, 07:21:49 AM

Hello,
Is Dogecoin a real coin and have a good potential or just pumped because Elon Musk tweets? I mean is that Dogecoin has a good technology and active development... or is a fake coin!!!

Thank you.

Dogecoin is a coin that has great potential for the future of cryptocurrency, and besides that, currently Elon Musk fully supports the development of Dogecoin, so you don't need to doubt the future of Dogecoin in the cryptocurrency world.

Twinkledoe

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Quote from: imstillthebest on April 16, 2021, 12:17:11 PM

doge coin is a real coin because it is listed in exchanges and has its value but many people call this join as a non real coin or a joke because of its massive supply and no real use case .
the view for doge coin has change since elon musk came and invest on this coin . doge coin started to have a potential after that .
i have no idea if the doge team is active but it doesnt matter because the coin is lively .

Doge started as a meme, however, I don't agree that doge has no real use case. It has been years that doge is used in the gambling area as it has cheaper fees than other alts. Also, a lot of traders are using it for transfer purposes because for the same reason, cheaper fees. Aside from that, it is trading in a lot of exchanges. So transferring from one exchange to another is not that hard. Its use case has evolved from a joke to most used alts in gambling and transfer purposes.

zaim7413

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Quote from: hack3rcon on April 16, 2021, 07:21:49 AM

Hello,
Is Dogecoin a real coin and have a good potential or just pumped because Elon Musk tweets? I mean is that Dogecoin has a good technology and active development... or is a fake coin!!!
Thank you.

Dogecoin is not a fake coin because Dogecoin has also been in the crypto space for a long time, but I don't know what technology Dogecoin has, what is clear is that Dogecoin at this point is fantastic in terms of price movements and even I was surprised to see it myself.

darewaller

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Quote from: hack3rcon on April 16, 2021, 07:21:49 AM

Is Dogecoin a real coin and have a good potential or just pumped because Elon Musk tweets? I mean is that Dogecoin has a good technology and active development... or is a fake coin!!!

I would love to say no, I would love to say that it was only Elon that made it higher, and I would love to say that you should stay away from it. However I have said the same thing when it was 6 cents I think, and look where it is today, it has increased INSANELY high this year, and no matter what the reason is, it did increased and that is why it is really weird to say that it is a fake one. Sure the main idea, and everything about it is fake, and it is just a "meme coin" in the end, but that doesn't mean that it is not real neither, it is quite literally the most increased coin of the year, so I can't really tell anyone to stay away from it.

I personally will never invest into it, it can go up as much as it wants and I would still stay away from it as much as I can, but that doesn't mean that I could suggest something like that to anyone else neither.

awakpane

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In all respects, in truth, Dogecoin's are not serious. The Dogecoin logo, for example, is inspired by memes. Instead of using a bold and serious symbol, he features a Shiba Inu dog meme as his mascot. Even though Elon Musk's tweet has inflated Dogecoin's price, it will not be known exactly what made Elon Musk suddenly post a few tweets about Dogecoin.

imstillthebest

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doge coin is a real coin because it is listed in exchanges and has its value but many people call this join as a non real coin or a joke because of its massive supply and no real use case .
the view for doge coin has change since elon musk came and invest on this coin . doge coin started to have a potential after that .
i have no idea if the doge team is active but it doesnt matter because the coin is lively .

istiak2277

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Quote from: hack3rcon on April 16, 2021, 07:21:49 AM

Hello,
Is Dogecoin a real coin and have a good potential or just pumped because Elon Musk tweets? I mean is that Dogecoin has a good technology and active development... or is a fake coin!!!

Thank you.

This coin is totally a bubble. It has no technology or active developments. It's more like a fun token created by some crypto fan inspired by a doge meme. I think the price of a doge is way beyond its real value. Also, it's at its very pick right now and is not very safe to enter in that project. All this pumped happened because of Elon's tweet.

0t3p0t

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Quote from: hack3rcon on April 16, 2021, 07:21:49 AM

Hello,
Is Dogecoin a real coin and have a good potential or just pumped because Elon Musk tweets? I mean is that Dogecoin has a good technology and active development... or is a fake coin!!!

Thank you.

For me, every coin that has value is not considered as a joke coin just like Doge because look at it now. Doge has a huge supply but now you cannot just give it as for tipping purposes because it's value is increasing. It was just undervalued and lucky to those who hodl millions of Doge up until now.

Fivestar4everMVP

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In my personal opinion, dogecoin isn't a real coin cus I've never heard of any technology behind it or any crypto or outside cryptoproblem it's trying to solve or solving, dogecoin has always been a meme coin, meaning that it was created for nothing but just fun, even the developers I think stopped working on the project in a very long time, just like a member already said, dogecoin started getting noticed by whales after Elon musk started sharing tweets about the coin, this has made many people to blindly start investing in the coin and this has also brought around several pump and dump group to start using dogecoin for their activities, so for me, dogecoin is just a lucky shitcoin is highly not recommended to invest in most especially now that it's in its all time high, if it goes down, it might never see this price again in a very long time except something changes about its development in the future.

ilovealtcoins

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Doge is an old cryptocurrency and it was created with inspiration from a dog meme. It seems that the community has pushed its value too far beyond its own. Doge is different from Bitcoin, its decentralization, scarcity, and demand cannot be compared to Bitcoin. I believe that after FOMO for Doge will soon end to give the stage to more quality blockchain projects.

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Quote from: hack3rcon on April 16, 2021, 07:21:49 AM

Is Dogecoin a real coin and have a good potential or just pumped because Elon Musk tweets? I mean is that Dogecoin has a good technology and active development... or is a fake coin!!!

Dogecoin is, indeed, a real coin with real technology and development. But that doesn't mean the current market price is justified. The DOGE is currently ranked fifth in terms of market capitalization due to a massive supply. On a technical level, however, there are cryptocurrencies with much superior characteristics that are rated lower than it. The current price is inflated mostly due to current hype, and all investors should exercise extreme caution.

Laurent Mika

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Hi,

Dogecoin is not thought to be useful for anything, just a meme, as already said.

BUT

1. If you want to bring Crypto to mainstreet, it could be a good idea to create a meme around it, to push people to buy it, and create a pump effect, to bring more people to be interested in cryptos.

2. Something created without any goal, left without any control on it, and that would become mainstreet wellknowned and spread, could be a good starting point to create a worldwide adopted money.

3. Someone with a very large amount of money, could finance new development and enhancement on such a crypto.

Just some thoughts... Wink

masterrex

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Quote from: hack3rcon on April 16, 2021, 07:21:49 AM

Hello,
Is Dogecoin a real coin and have a good potential or just pumped because Elon Musk tweets? I mean is that Dogecoin has a good technology and active development... or is a fake coin!!!

Thank you.

If you will consider doing a little research about the history of Dogecoin you will know that Doge is just a meme coin, without any further debate about technicalities Dogecoin was not intended or purposely used for payment or even for investment because it was just a meme coin. But because of a famous personality who shills it like Elon Musk thats why Dogecoin was artificially pumped without any useful demand for me the risk is very high when we say about holding Dogecoin for a long period that was may say about it.

Mr.Scott

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Does it matter any more. People are trolling for a long time on Dogecoin. But, what the scenario is now? Not only gain nearly 200% over the last 24 hours but also shift top 5 in the coinmarketcap ranking. I can't even believe this shit made over $0.40 but here this is reality now.

masphie

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doge coins have been participating in cryptocurrencies for a long time, and before any new coins appeared, doge was one of the favorite coins of the lower middle class investors. This is my assumption.

lobo13hf

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Doge coin was a meme coin. The main purpose for the creation of this coin was for a joke coin and no more. If you wanna ask about the fungibility of token or development progress and the answer is doge has no developers that can continue the development of doge coin. Doge coin already abandoned by the developers since a few years ago.
There's no party that can handle doge coin right now. doge coin just like bitcoin that none control it.

Bilgent

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Dogecoin has nothing to do with being a real coin. It's just one of the shitcoins in the market. Their creators even made it for fun and they weren't expecting it to reach this level. If it weren't for Elon Musk, it couldn't have risen this much. His manipulation rate is really high.

Kelvinid

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Quote from: hack3rcon on April 16, 2021, 07:21:49 AM

Hello,
Is Dogecoin a real coin and have a good potential or just pumped because Elon Musk tweets? I mean is that Dogecoin has a good technology and active development... or is a fake coin!!!

Thank you.

How it comes into your mind asking like that?
Dogecoin has existed in the market for a very long time, that it proves enough that it is a legit coin.

Elon Musk is shilling on Doge, can't deny that but that is not related to how this coin exists. That actually Dogecoin has less market potential, why? Dogecoin price development is so slow and that gives a reason why investors don't consider this coin for their investment. I was happy that Elon Musk shills Doge but that it seems not it works and still the price kept at low, unlike the other coins who made an x5, x10 increase.

semobo

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Quote from: hack3rcon on April 16, 2021, 07:21:49 AM

Hello,
Is Dogecoin a real coin and have a good potential or just pumped because Elon Musk tweets? I mean is that Dogecoin has a good technology and active development... or is a fake coin!!!

Thank you.

It is real coin but investment community is giving more attention to this coin after Elon is tweeting about it, and reached a new all-time high again after one more tweet. And also it has potential too because it is cheaper so people who want to transact cryptos can use this and also crypto gambling community adopted to DOGE coin more in the recent months.

meldrio1

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Yep dogecoin is a real digital coin but this coin was just made for fun by the developer so there is no use case of this coin except for transferring funds because of the low fee. The dogecoin was survived because people like the meme they embraced it, the community is growing so as the price and add Elon Musk who always promotes doge. It would be a big achievement for dogecoin to reach $1 price.

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