Is DogeCoin even worth buying? | Bitcointalksearch.org

kryptqnick

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Quote from: vkitaebiz on October 30, 2017, 10:07:26 AM

I see a large amount of sell orders for DogeCoin, and from the looks of the Bear charts, DogeCoin looks like a dying currency. If I was looking for a "long-term" currency, DogeCoin is the one I would avoid...? Huh

Interested to hear the community's thoughts on this?

People are buying and selling a lot of doge, because this coin is really used a lot by people to buy goods online or to gamble, at least. Dogecoin is old, fast, cheap and secure. It is a good coin in general as means of payment. However, it doesn't make it a good investment option, because at the same time there's nothing innovative and the dev team is simply gone, the coin is probably not going to face any changes. The price is falling with time due to it being very inflatious, whereas most of cryptocurrencies have limited supply.

nesso

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If it's under 10 sat it's worth buying. Doge will never die, it will always be used for micro transactions. Because with Doge you can make the cheapest transactions anywhere in the world.

alyssa85

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Quote from: CjMapope on October 30, 2017, 08:53:45 PM

Quote from: vkitaebiz on October 30, 2017, 10:07:26 AM

I see a large amount of sell orders for DogeCoin, and from the looks of the Bear charts, DogeCoin looks like a dying currency. If I was looking for a "long-term" currency, DogeCoin is the one I would avoid...? Huh

Interested to hear the community's thoughts on this?

doge is a great way to move value between exchanges that charge fees not needed for the miners. No exchange needs to charge 0.0015 like say yobit to w/d BTC, so if i need to move money out of there , screw yobit im buying doge and w/d doge for a few coins Cheesy

Doge is merge mined so it will go down sometimes naturally, but it always has a nice pump once or twice a year if you check the historical charts

True - and it's also popular with gambling sites, because people don't mind risking their doge.

You know who else it's popular with - the pump teams. It goes through an accumulation phase when it is below 20 sats, and then pumps. Sometimes the pump is huge. other times it only from 20 sats to about 28 sats, for a 40% gain.

Question123

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I have a lot of dogecoin in my wallet and I think I started bought this last year and I hope the price will increase so I Can make profit. I believe dogecoin is for longterm investment the price become high after few years.

Saoha

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Quote from: vkitaebiz on October 30, 2017, 10:07:26 AM

I see a large amount of sell orders for DogeCoin, and from the looks of the Bear charts, DogeCoin looks like a dying currency. If I was looking for a "long-term" currency, DogeCoin is the one I would avoid...? Huh

Interested to hear the community's thoughts on this?

Everybody said Doge was dead, it was abandoned by the dev team. It seems that Doge has not had much news and events for so long. Its price is constantly decreasing. It has 170 satoshi and is now 17 satoshi. I really feel sorry for Doge. It was very popular. You can buy if you still hope for Doge.

bizzeu

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Quote from: CjMapope on October 30, 2017, 08:53:45 PM

Quote from: vkitaebiz on October 30, 2017, 10:07:26 AM

I see a large amount of sell orders for DogeCoin, and from the looks of the Bear charts, DogeCoin looks like a dying currency. If I was looking for a "long-term" currency, DogeCoin is the one I would avoid...? Huh

Interested to hear the community's thoughts on this?

doge is a great way to move value between exchanges that charge fees not needed for the miners. No exchange needs to charge 0.0015 like say yobit to w/d BTC, so if i need to move money out of there , screw yobit im buying doge and w/d doge for a few coins Cheesy

Doge is merge mined so it will go down sometimes naturally, but it always has a nice pump once or twice a year if you check the historical charts

the simplest way to stay with the only doge in pockets Cheesy

Seansky

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Quote from: vkitaebiz on October 30, 2017, 10:07:26 AM

I see a large amount of sell orders for DogeCoin, and from the looks of the Bear charts, DogeCoin looks like a dying currency. If I was looking for a "long-term" currency, DogeCoin is the one I would avoid...? Huh

Interested to hear the community's thoughts on this?

If you are going to use it for other purposes dogecoin is worth a buy but if you are thinking of buying it for investment I suggest that you avoid it. Developments for this particular coins has seized and it will be a very long time hold for one to profit in this coin. Still, doge is a nice currency to use for gambling so even if development is dead, there is a constant stream of demand for it that makes it different to other shitcoins that have seized their developments too.

kumiskura

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i do not think Dogecoin is a good choice,
it's more like a pump and dump coin but compare to other shit coin it's much more better,
because some people used this as their payment(for example one of my local exchanger in my country).
it's an abandoned project by the dev,
but it's well known project at the same time because of its popularity awhile ago until right now.
for a future i can not see anything,which mean i believe it should be slowly dying because of a new born project that will replace it

CodyAlfaridzi

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Quote from: vkitaebiz on October 30, 2017, 10:07:26 AM

I see a large amount of sell orders for DogeCoin, and from the looks of the Bear charts, DogeCoin looks like a dying currency. If I was looking for a "long-term" currency, DogeCoin is the one I would avoid...? Huh

Interested to hear the community's thoughts on this?

Yes you should avoid it. I think it's dying for real now, the price has been declining since June and now it was only worth 17 satoshis each. Dogecoin has no real use case whatsoever. Since the day it was created, it was never meant to be a serious currency. It doesn't even has a developer right now.

There are way too many coins out there that is better than Dogecoin. I suggest you to look for another coin with real use and promising future.

Topkras

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I've heard dogecoin is a good coin to transfer money between exchanges. Is it true?

jijikill

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When you look for speculation then you can go for shitcoin without any fundamentals as there is pump and dumps , but if you are making serious invesmtent and hope for long term profit then better invest in some cryptocurrency that has fundamental, good dev , good project idea and vision, dogecoin obviously has no fundamental and is just shit for the long term

lobo13hf

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Quote from: vkitaebiz on October 30, 2017, 10:07:26 AM

I see a large amount of sell orders for DogeCoin, and from the looks of the Bear charts, DogeCoin looks like a dying currency. If I was looking for a "long-term" currency, DogeCoin is the one I would avoid...? Huh

Interested to hear the community's thoughts on this?

Not only a dying currency but that could be a dying currency, too many supplies and that already increase everytime give a lot of the possibility about the doge will meet its end in the future.,
Because a lot of people are still mining the doge, and there is no development to give a fixed supply or limited supply. Please avoid to bu such crap coin just like doge.

thet

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Quote from: xenomorphe1 on October 30, 2017, 10:34:45 AM

I think DogeCoin is a very stable coin. The value of this coin don't change a lot when Bitcoin rise or fall. It may sometimes rise when Bitcoin rise.

I think so, when i visit the exchange site and view the chart, i can see some future of this coin. I don't know if i am correct for that speculation, i will just wait the price of that in the future.

maydna

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Quote from: vkitaebiz on October 30, 2017, 10:07:26 AM

I see a large amount of sell orders for DogeCoin, and from the looks of the Bear charts, DogeCoin looks like a dying currency. If I was looking for a "long-term" currency, DogeCoin is the one I would avoid...? Huh

Interested to hear the community's thoughts on this?

you are right, i see the sell orders with big amount of orders too but i don't think that dogecoin looks like a dying currency. as you know, dogecoin is the most coins that is used for placing a bets in gambling site and there many people deposit in big amount so dogecoin will be stronger coins too. you can buy dogecoin and hold it for a long term because in my oppinion, dogecoin can increase only in a long term so you can start to buy too if you want. but yes you need to wait before its increase and its worth for me.

Cucumbaba

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If you have planning short term buying then the answer is yes, but if long term im not see doge will had great value in the future, just take profit from short term trading

DarkGoddess

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Quote from: CryptoCutie on October 31, 2017, 07:16:15 PM

when you have luck you will see 1 or 2 pumps a year thats all.

Doge Coin is controlled by the whales, just need to get it cheap enough and wait.

My opinion is that 15 sat is a good buy if you really want doge.

CryptoCutie

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when you have luck you will see 1 or 2 pumps a year thats all.

HodlusMaximusInvestus

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Dogecoin is more of a fun coin so nobody knows it maybe it is maybe not

cafucafucafu

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Quote from: elutzen on October 31, 2017, 01:00:00 AM

Quote from: xenomorphe1 on October 30, 2017, 10:34:45 AM

I think DogeCoin is a very stable coin. The value of this coin don't change a lot when Bitcoin rise or fall. It may sometimes rise when Bitcoin rise.

It has been on a steady decline since June. The coin will be out of the top 100 in four months.

Unlikely. Even though dogecoin has no active development major pools that mine bitcoin is still mining dogecoin and i've seen plenty of dogecoin holders out there still. Their community is pretty vibrant as well compared to others.

If you don't believe in Doge then don't invest in it.

There is no guarantees that it's going to go up, but it's not going to fall to 100th place or less anytime soon.

onrise

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If you like volatility so that you can make some good profits in between then this coin is not recommended. It is very stable as such and does not move that much. If you are not ready to take risk and like a stability then you can buy it else you can ignore this coin if you looking to make money through the swings.

Topic: Is DogeCoin even worth buying? (Read 1165 times)