Topic: Remember: Dogecoin [DOGE] is not capped! - page 2. (Read 680 times)

It is both bogus and also not bogus at the same time. The unlimited is still unlimited, which means if you have 5 cents and I give you 5 cents more that's 100% BUT if you have 5 million dollars and I give you 5 cents that's still 5 cents and there is still more money and that is a very important thing. Just because it is unlimited doesn't mean that it will be horrible, it will be horrible because it serves no purpose at all on a period when most coins have a good reason and a great use case, this one is just a meme coin and totally worthless when you want to use it so that is why I will never even consider buying it.

However unlimited is not the reason, while being a valid reason not to buy for someone else, it is not for me, it is not a bogus reason, it is a logical reason, it is just not something I would care, CAKE doesn't have a limit neither but I love that one, all because it has a purpose.

Yeah dogecoin has no cap and that is because they always wanted to keep the coin cheap value and make sure people don't hold dogecoins but the world's richest man has spoiled all those plans, unfortunately.

I am not sure whether it is overpriced since it hasn't reached $1 yet but yeah not having a cap can create a bit of a mess later on. Traders don't really care to be honest though because they see the movement in the market and they just buy those top-performing coins and dogecoin has certainly been the top movers in the market for some time.

People don't really care whether a coin has a cap or not they are just flowing with the wind that is Elon musk and I would say they aren't wrong either because so far the coin has moved upwards and everyone who invested in dogecoin at almost any value has benefited only. There are investors who don't even know what is dogecoin and whether it has any benefit but they are buying it just because everyone else is doing that right now which is what makes the market bullish.

I have a feeling though that once the dump starts happening and whenever it happens, there will be a massacre in the market because no one really likes to hold this coin, trust me. Once the bear run starts it will just crush the market, mark my words.

I also made some profit with dogecoins but I will strictly advise against holding it any longer because now things are getting interesting since even Elon Musk's impact is coming to an end and his tweets don't pump it as much as they did before.

Aside from the hype that unlimited cap makes it unattractive not unless it has use cases. There are good coins that potentially deserve its place but this is crypto and anything is possible. Who would expect that a Billionaire would shill a memecoin, investors should be wise enough.

The people buying it don't give a fuck about the infinite supply, they just keep throwing their cash into a meme coin hoping for 1000% on a short time, I notice that during this bull run so many fomo'd into buying dogecoin just thinking how it would be when the bull run ends, so many people will definitely get rekt, dogecoin is over priced honestly, a meme coin with $50billion marketcap, funny world.

I don't know whether the limited max supply problem still can be solved. I hope there is a way for it. Because I also have the same idea with you. And, Dogecoin doesn't seem to be a shitcoin but it is shitcoin-ish to me.    But if it solves this problem, I may change my mind about it.

It isn't the only crypto with infinite supply ETH also have infinite supplies.
And I think it isn't the only problem that Doge have compared to ETH, ETH continues to grow but Doge has stopped for a long time because the team already left it.

Well why bother yourself about this matter. I think what important is the current circulating supply not the upcoming supply.  If it is overpriced right now, it will correct itself along the way.  As long as demand exceeds the supply, it will always be overpriced just like any basic necessities getting higher if there is lack of supply.

it is not unlimited.

the limit is 500000 new blocks each year.

and as each and every year passes the 500000 blocks become smaller as a percent then the year before.

in year 10 when we go to year 11 we add 10% more blocks.
in year 20 when we go to year 21 we only add 5% more blocks
in year  50 when we go to year 51 we only add 2% more blocks
in year 100  we go to year 101 and only add 1% more blocks.
in year 200 we go to year 201 and only add .5% more blocks.


the usa dollar in 2020 issued 21% of all the money it ever issued since 1900

and on any given year the usa dollar could issue 30 or 40 % of all the miney it ever issued in the last 120 years.

so doge is far far far far far better then the usd.
when it comes to adding money.

and it is a lot different to adding money the btc.

never think to compared doge to the usd and call it inflationary. as you would be wrong.

it is a hybrid of inflation and limited coin minting thus it  has and will always decrease in its in in flationary rate.

at least get the  story correct.

btw I learned this the other day as someone explained it to me with a nice white paper.

this is simple math like

 500000
1000000
1500000
2000000
2500000
3000000
3500000
4000000
4500000
5000000
5500000
6000000
6500000
7000000
7500000
8000000
8500000
9000000
9500000
10000000
10500000
11000000
11500000
12000000
12500000

as you can see the effect of the 500000 each year is 500000 more each year forever but the percent of gain drops every year and the inflationary effect melts down closer and closer to 0%

if i give you 5 cents and you only have 5 cents you gain 100%

if i give you 5 cents and you have 500 cents already you gain 1%

so the argument that Doge suffers from endless un limited inflation it bogus.

it is limited inflation rate that will grow less every year for all eternity.

I am not a Dogecoin enthusiast but I will say the fact here.
Yes, the coin is overpriced but the big problem Dogecoin needs to solve is not the problem of uncapped (no maximum supply) because Dogecoin is not the only one that doesn't have it and Ethereum is an example and it still doing well in the market.
The problem of Dogecoin is used cause, the concept of the coin was stated to be a meme but I hear a rumor that Elon has included it as payment in his SpaceX project, and if it's true it will help the price of the Doge market.

honestly what I have to say is that without elon musk doge it will not become something big,
I don't know for sure what elon thinks of choosing Doge so that it can be used by everyone, and what is most feared is its unlimited supply like fiat money,
the price has already wanted to reach $ 1 and everyone forgot about the nature of crypto? yeah it will be a bubble

Its too risky for a long term holding, better to just ride the hype and every time you make profit, better to take right away since many whales are playing with DOGE and you might got trapped if you hold this for long. The unlimited supply is the issue here, they have to address this and make some usage for DOGE or else it’ll remain as a hyped and meme token.

Doge can't be improved and the unlimited supply will remain forever. I think that the creator of doge coin was creating this coin as a memecoin and he has not yet ever thought that if doge coin can become another major coin right now. That's not possible to did the fork for the doge coin. It looks like that you were missing very important information in the past if doge coin was unlimited coin.
It's already talked by so many communities about this. So many supply controlled by a few addresses which makes it become truly centralized.

I had thought it has a cap, not having cap is dangerous. DOGecoin should be improved upon so some project could be integrated in it ecosystem instead of solving no problem but just based on Meme.

You think people do not know that? People are 100% aware of the fact that it has infinite supply, people know that it is a meme coin, people know that it was created for just joking, people know that there are people who own majority of dogecoin as well making it centralized in price aspect.

Long story short all the downside of dogecoin is already known and well documented, but there are still some people who are buying it for some reason. I do not know why people are buying it, I do not know why people are still pumping it, I can't say that I would ever consider buying it myself neither, however at the end of the day if people are going to buy it and make it higher, then I can't blame them for it because it did worked out so well so far. This is why even if all the technicals are showing something wrong, sometimes market is just unexpected and does wild things.

Wrong it is not quite what you say.

Infinite in terms of 1 block per minute for all eternity is true.

But 1 block per minute or 1440 per day  or 525600 blocks a year loses impact with time.

I will round to .5 million blocks a year.

year 1 .5 million blocks all same size no 1/2ing unlike bitcoin.
year 2  1 million blocks inflation for this year was 100%
Year 3. 1.5 million blocks inflation for this year was 50%
year 4. 2.0 million blocks inflation for this year was 33%
year 5. 2.5 million blocks inflation rate for this year was 25%
year 6 3.0 million blocks inflation rate for this year was 20%
year 7 3.5 million blocks inflationrate for this year was 16.67%
year 8 4.0 million blocks inflationrate for this year was 14.29%
year 9 4.5 million blocks inflation rate for this year was 12.5%

year 20 10 million blocks
year 21 10.5 million blocks inflation rate for this year is down to 5%

year 40 20 million blocks
year 41 20.5 million blocks inflation rate for this year is down to 2.5%


so while there will always be 500000 blocks of 10000 coins every year.

the inflationary rate will always be approaching closer and closer to 0%

year 200 100 million blocks
year 201 100.5 million blocks  inflation is only 0.5%

so in a way it elegantly solves  the btc issue of time = 0 rewards.

I would argue that for a young whippersnapper  it is a solid long term buy coin.

Having a cap is not what a cryptocurrency needs to be great but there has to be utilities or use case. Without that, their is no difference between DOGEcoin and SAFEsomething coins that are just pump and dump tokens today.
And another fact stated is that DOGE is currently overpriced due to the hype by Elon Musk. The moment he stops the hype, DOGE will get back to being a useless coin it is.

This is applicable to those who has Dogecoin holding or those who are mining it.  But to those who are about to enter the market, I don't think it is advisable to jump into the train if we know that it is overpriced.  Though the cap issue isn't that important right now because the current influx of coins don't affect the buy support that much.  Maybe on the long run but at this moment I believe it is irrelevant.

The people's awareness of that infinite supply is what has held Dogecoin down even after the goodwill shown it by Elon Musk. Otherwise, we should be seeing the price in single digit rather than the cents it is ATM. It's that fear it would be dumped at any moment that has kept so many investors away from throwing cash into it. However, I don't believe it's overpriced the way it is if we actually look at its speed of transactions and less miner's fees it has. Dogecoin has a very fast rate of confirmation way ahead of Bitcoin despite its over 129 billion already in circulation where Bitcoin has less than 19 million in supply. If anything as much as can cause Dogecoin to announce burning or cap its supply we will see its price climb the roof, literarily.

That's right, because right now it's very nice to short Dogecoin in a matter of days, because two days ago the price had decreased and now it's back up, so this kind of thing should be taken advantage of now by everyone.