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Topic: The point of Dogecoin. (Read 896 times)

hero member
Activity: 3024
Merit: 745
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August 25, 2021, 05:27:54 PM
Maybe there's a point again with it because of this news:
Dogecoin Foundation Announces Return With 'Renewed Focus' to Protect Brand, Community
legendary
Activity: 2660
Merit: 1074
August 25, 2021, 11:28:30 AM
Dogecoin may not be just a meme. but there is another point, because in the past the doge coin was campaigned for the first time the doge team gave an advantage if the doge coin could be used for a low-cost crypto transaction system with a low doge price, but for now after the hype doge maybe doge will become a coin with a slightly increased cost than before
The funniest part of the dogecoin boom is that people (or just Elon) are pumping it at a time when it makes the least sense.

If dogecoin was pumped years ago when altcoins didn't existed as they do now, it would have surprisingly made perfect sense because it offered cheap transactions and a playful currency that is meant for small transactions.

But pumping it now, when there are other tokens that allow cheaper and smaller transactions with faster confirmations and more use cases, makes absolutely no sense.

They picked the worst and least expected time to pump such a dead coin.
member
Activity: 896
Merit: 17
August 25, 2021, 08:57:44 AM
In fact, it is really only a meme coin, there is no special application in it, only a PR manager as the richest person on the planet, and this, as we see, is enough for the coin to be traded on top exchanges and cost more expensive than other projects where there is an idea and practical application.
jr. member
Activity: 1330
Merit: 7
August 25, 2021, 08:45:53 AM
The point of Dogecoin (key lessons on the success of Dogecoin) is that there is success in (1) early bird advantage and mass adoption, (2) simplicity,  (3) power of influence. As the first or one of the first meme altcoin, just like bitcoin being the first coin, it has gained mass adoption. Secondly, the simplicity of the coin - as there are no complex technical explanations to be made about the coin, can be an attractive feature for those that are not technically savvy. It shows that simplicity, sometimes can be attractive. Thirdly, the appreciation in the coin value when Elon Musk tweets is a typical example of the power of influence.
jr. member
Activity: 296
Merit: 1
August 25, 2021, 08:33:09 AM
for me personally a meme coin of any kind or like Doge coin has no real utility, although I once owned 50k doge coins just for gambling and sold them while making a profit at a moment's notice because I don't think it's worth it in the long run Tongue. but since ElonMusk tweeted about Doge Coin that time made me unable to sleep well after seeing the price of doge increase by thousands of %  Shocked
full member
Activity: 1246
Merit: 103
August 25, 2021, 05:45:19 AM
Is there really any points of dogecoin other than to meme it and use it as a pump and dump?

Doge coin growth because it is supported by a large community available all over the world
Doge coin is not a token that has good value without the presence of Elon Musk. but after the encouragement of the Tesla boss, Doge Coin is increasingly in demand by the public so that it becomes the favorite Altcoin of many traders.
member
Activity: 588
Merit: 11
Futiracoin.com
August 25, 2021, 02:17:52 AM
There is no special point nehind Dogecoin but it's community and meme.

Communities and memes are the smallest part in interpreting a point, this is a form of improvement that they have done at this time, with the existence of this community, Dogecoin in the future provides various flagship projects, for that I mention this point as the smallest happiness in improving today This and our hope in the future dogecoin is not just a memecoin that has no value, but must be a trusted coin in making purchases.
full member
Activity: 966
Merit: 102
August 25, 2021, 12:48:53 AM
There are some news that Musk will have a partnership with Vitalik Buterin to work on its expansion and utilization of Dogecoin I think the price of Dogecoin will pump soon and I think Dogecoin is a good investment right now, so it's not just a mere memecoin I think it will be an actual project in the future.
sr. member
Activity: 1680
Merit: 259
August 24, 2021, 01:57:05 PM
#99

coin memes like coin doge, are indeed risky and risky coins. but if we can analyze it properly then coins like this will provide fantastic returns. but indeed no one will know when the whales play again with coins like this. and i guess spend some money to have fun with this coin
but this must also be accompanied by billionaires or supportive influences because the point is that there must be something pushing so that the pump occurs, and after this happens, do research and take advantage of the momentum as well as possible so that profits can be maximized properly.
because a coin like this is not very suitable to be in it for a long time, just to take advantage of the momentum so that profits can be taken and don't be too greedy with this kind of coin because if you miscalculate it is not a profit taken, it could even be the other way around.
legendary
Activity: 3752
Merit: 1415
August 24, 2021, 12:13:00 PM
#98
Is there really any points of dogecoin other than to meme it and use it as a pump and dump?

Nope absolutely not.  It was built as a joke and still is.  It just is/was a massive pump wave.  It serves no purpose and is based on a dog meme, it will never get mass real world adoption.  That's just the reality of it.
member
Activity: 154
Merit: 10
August 24, 2021, 11:55:25 AM
#97
Dogecoin's emblem and name are inspired by the Shiba Inu dog from the "Doge" meme. Dogecoin was named after a once-popular meme and was designed at least in part as a lighthearted joke for crypto aficionados. Doge began to make fun of Bitcoin in earnest. Dogecoin is no longer a joke, since its value has skyrocketed and continues to rise.
jr. member
Activity: 79
Merit: 3
August 24, 2021, 03:51:06 AM
#96
to show the world '' everything is possible '' , i am not dogefan but i really think this is incredible .
member
Activity: 333
Merit: 13
August 24, 2021, 02:09:18 AM
#95
There is no special point nehind Dogecoin but it's community and meme.
full member
Activity: 2170
Merit: 182
“FRX: Ferocious Alpha”
August 24, 2021, 01:18:50 AM
#94
Is there really any points of dogecoin other than to meme it and use it as a pump and dump?
no , there is no use than Meme but of course i am lucky to have used this meme coin to profit and Buy my new Pick up from this Pump and Dump coin  Grin

______________________________________________________________

Thanks to the Clown Elon Musk because of his tweets my funds increased and manage to withdraw earning more than 5x of my capital .

I think the Dogecoin has no other use but I think Elon Musk and the creator of Dogecoin is doing something to improve Dogecoin and probably have its other use other than a mode of payment, I think it's good now to load some Dogecoin since there's some speculation that in the future it can be used in SpaceX.
Lol do you really mean that ? Elon will help improving this shitcoin? only In your dreams that Elun will partake in such move.
hero member
Activity: 1792
Merit: 536
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August 24, 2021, 01:02:21 AM
#93
When Doge was very low back then, the main purpose of the coin is that it is being used by so many users as a form of transferring value from and to different exchanges. That is due to the very low fees. This has been the most valuable use for DOGE before the hype. Now of course you cannot use DOGE anymore since it has gone very expensive and users resort to other cheap coins for transfer purposes. Anyway, I don't know if there are others similar to DOGE but one day we might have some coin that will match it.
member
Activity: 588
Merit: 11
Futiracoin.com
August 24, 2021, 12:52:17 AM
#92
Is there really any points of dogecoin other than to meme it and use it as a pump and dump?

In my opinion, at the moment, Dogecoin's points apart from memes are a lot, but it can't be given perfectly. The occurrence of pumps and dumps has also had a big impact at the moment, so Dogecoin doesn't look good in its development. , the development of new projects greatly affects people's actions now, if Dogecoin can take a chance, but if not, Dogecoin will look abnormal in the eyes of people now and in the future.
full member
Activity: 1442
Merit: 116
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
August 24, 2021, 12:49:30 AM
#91
Is there really any points of dogecoin other than to meme it and use it as a pump and dump?

Currently it is very possible to pump and dump Dogecoin, if you look at the condition of Dogecoin in the last few months in the market, but to see when this will happen, we need to make a proper analysis at this time, I also heard that Dogecoin is currently preparing a new project, which pays directly using Dogecoin, but the success rate of the project is still in question.
coin memes like coin doge, are indeed risky and risky coins. but if we can analyze it properly then coins like this will provide fantastic returns. but indeed no one will know when the whales play again with coins like this. and i guess spend some money to have fun with this coin
member
Activity: 517
Merit: 10
August 23, 2021, 11:06:36 PM
#90
The factor that hinders doge's growth is the hype of the meme coin which is starting to fade, then the disappointment of what Elon has done by manipulating Doge until now is increasingly being said from investors, the lack of benefits from the meme coin is also very minimal, Doge will only experience pumps and dumps continuously , and for me it is impossible to reach the new ATH.
hero member
Activity: 2002
Merit: 535
July 17, 2021, 01:46:57 PM
#89
Yeah I’m thinking how meme coin pump so hard then people drive down the price with their panic selling just because of Elon tweets. I haven't looked at mine in weeks. I must say those Doge Holders are lucky who manage to sell at peak price. The truth about Doge there no point and utility but Doge has great community who still worship it and HODL for better days.
If you have some powerful influencers then meme coins and even shit coins can rally and that is what happened here, there was a big influencer who was willing to promote the coin and anyone who is not even involved in the cryptocurrency market jumped into his circle and started purchasing them expecting huge returns and if that happens any shit coin will rally and that is what happened with Dogecoin.
hero member
Activity: 1386
Merit: 731
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July 17, 2021, 01:07:24 PM
#88
Many young investors also choose to 'have fun' with their investments such as buying meme coins, dogecoins and shares of game companies GameStop and AMC Entertainment, which are becoming a recent cultural trend (memes).
Yes, but it will end over time because new trends will always exist in the crypto space and investors will also move elsewhere when memes are no longer in a good trend, because meme coins tend to die if they can't survive in a correcting market.
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