Who else is holding on to DOGE long term?

Anon136

legendary

Activity: 1722

Merit: 1217

Quote from: instacalm on December 20, 2013, 12:20:00 AM

Quote from: Anon136 on December 20, 2013, 12:09:06 AM

Quote from: instacalm on December 19, 2013, 10:06:21 PM

It is definitely an exciting experiment with lots of potential to expand further. However, don't forget to take at least some profits.

what is exciting about it? what is experimental about it?

1. exciting distribution/rise, no other alt was that fast => shows what's possible in the shortest time span
2. it's a social experiment that took off

You can read many critical posts on DOGE of mine here, but its impact can by no means be denied.

No it can not. One of my wifes friends asked her about it and she in turn asked me about it. And its not like her friend is part of the crypto illiterati, the furthest possible thing from it.

instacalm

hero member

Activity: 798

Merit: 500

Quote from: Anon136 on December 20, 2013, 12:09:06 AM

Quote from: instacalm on December 19, 2013, 10:06:21 PM

It is definitely an exciting experiment with lots of potential to expand further. However, don't forget to take at least some profits.

what is exciting about it? what is experimental about it?

1. exciting distribution/rise, no other alt was that fast => shows what's possible in the shortest time span
2. it's a social experiment that took off

You can read many critical posts on DOGE of mine here, but its impact can by no means be denied.

Anon136

legendary

Activity: 1722

Merit: 1217

Quote from: instacalm on December 19, 2013, 10:06:21 PM

It is definitely an exciting experiment with lots of potential to expand further. However, don't forget to take at least some profits.

what is exciting about it? what is experimental about it?

igl00

full member

Activity: 231

Merit: 100

imo this wont work long term

scarface

sr. member

Activity: 350

Merit: 250

Spectiv VR Crowdsale: 12/08/17

dont just hoard them give away some help the market grow by expanding demand then you will be rich just hoarding it will not do much

wakasaki808

sr. member

Activity: 476

Merit: 500

People just keep lowering the price. For me I don't really care, am neutral either way. Got in early and moved to other alt's with DOGE in my portfolio for the long term. But there are times when the price is .00000088 per DOGE when the going rate is .00000100 per DOGE...

People either are trying to crash the price, or don't know how to trade...lol

quone17

full member

Activity: 224

Merit: 104

Quote from: Manwe on December 19, 2013, 11:46:33 PM

This is why I said it is too early to be on Cryptsy.

Another good point. Doge is just gonna get dumped non stop. I know other alts waited a while before going on cryptsy but it seems like doge is just trying to do everything really fast. Already got a dice game and just crazy. That's why it seems like a pump and dump

quone17

full member

Activity: 224

Merit: 104

Quote from: Galimore on December 19, 2013, 11:12:04 PM

Quote from: supermine on December 19, 2013, 10:50:29 PM

Interesting Multipool theory. Good that I dont do that Multipool thing.

It doesn't matter if you personally do it, and it's not really a "theory". Multipools will mine the most profitable coin and dump it until its no longer the most profitable and then move on to something else. Scryptpools is currently reporting that DogeCoin has ~24 GH/s on the entire network. The three big multipools are around 15 GH/s. That means almost two-thirds of the entire network is auto-selling their coins almost immediately after mining them.

There's simply no way to combat that selling pressure until the price falls to a point where the multipools move on to another coin and a bigger portion of the network is holding their coins. It's been happening for the past day, and its very nearly equalized with the rest of the scrypt alts. Its only a few percent away now from losing the top spot.

Good point. With multipools isn't it basically impossible for any coin to stay "most" profitable for a really long time? It will eventually equalize with the other alts.

Manwe

full member

Activity: 196

Merit: 100

This is why I said it is too early to be on Cryptsy.

Brewins

legendary

Activity: 1120

Merit: 1000

I'm still uncertain as to whether to sell half of my portfolio, I mined a fair amount in the first 2 days after release (4.7million).

I have about 2 million on 2different exchanges just waiting for the right price

Galimore

full member

Activity: 126

Merit: 100

Quote from: mattopia on December 19, 2013, 11:37:13 PM

Quote from: Galimore on December 19, 2013, 11:12:04 PM

The three big multipools are around 15 GH/s. That means almost two-thirds of the entire network is auto-selling their coins almost immediately after mining them.

FWIW, I use Hashco.ws but have DOGE set to not autoconvert - instead I send it to my wallet for holding. I get the impression that many other users are doing the same, but I could be wrong.

Yeah, I'm a bit curious about the ratio of people autoselling/holding myself. Middlecoin doesn't have the option of holding and it's double the size of hashcows. Even if you figure that most people on HC/MP aren't autoselling then that still leaves about half of profit switching pool users doing it which is still a huge chunk of the network.

Doge just fell out of the top spot on coinwarz so I'm hoping we'll see a bit of a rebound here. Cryptsy is being terrible and hasn't posted my deposit yet so it'd be nice if it went up before I'm able to sell.

moleculecoin

member

Activity: 84

Merit: 10

Love all coins!

I sold half and decided to keep half for fun. Not everything in life is about fiat currency right... I look at DOGE the way I look at ski ball tickets :-)

mattopia

newbie

Activity: 42

Merit: 0

Quote from: Galimore on December 19, 2013, 11:12:04 PM

The three big multipools are around 15 GH/s. That means almost two-thirds of the entire network is auto-selling their coins almost immediately after mining them.

FWIW, I use Hashco.ws but have DOGE set to not autoconvert - instead I send it to my wallet for holding. I get the impression that many other users are doing the same, but I could be wrong.

german103

newbie

Activity: 10

Merit: 0

damn multipools...

Galimore

full member

Activity: 126

Merit: 100

Quote from: supermine on December 19, 2013, 10:50:29 PM

Interesting Multipool theory. Good that I dont do that Multipool thing.

It doesn't matter if you personally do it, and it's not really a "theory". Multipools will mine the most profitable coin and dump it until its no longer the most profitable and then move on to something else. Scryptpools is currently reporting that DogeCoin has ~24 GH/s on the entire network. The three big multipools are around 15 GH/s. That means almost two-thirds of the entire network is auto-selling their coins almost immediately after mining them.

There's simply no way to combat that selling pressure until the price falls to a point where the multipools move on to another coin and a bigger portion of the network is holding their coins. It's been happening for the past day, and its very nearly equalized with the rest of the scrypt alts. Its only a few percent away now from losing the top spot.

RenegadeMind

copper member

Activity: 1380

Merit: 504

THINK IT, BUILD IT, PLAY IT! --- XAYA

Quote from: theomoplatapus on December 19, 2013, 10:02:40 PM

I mined DOGE early...

This is just hilarious! Cheesy

Just think about it... Dogecoin has been out for what? Less than 2 weeks? And it's taken off so fast that 2 weeks after is "late"? Cheesy

I hopped on board the first day as well. Though that was CPU mining, so... still a poor shibe! Cheesy

supermine

hero member

Activity: 826

Merit: 518

Interesting Multipool theory. Good that I dont do that Multipool thing.

Bought a good chunk of Doge yesterday and would have made 150% profit after 12h, but did not sell, will wait for much higher levels. Even if we reach E-5 or E-4 btc prices I will think twice before selling this excellent coin.

You all forget that it has overtaken FeatherCoin already, it is just so much more profitable to mine it. Yes sure prices will even out eventually, but for now, it is the most profitable crypto currency in the world. Period.

Iter

member

Activity: 81

Merit: 10

Quote from: gargouri2001 on December 19, 2013, 10:11:05 PM

DOGE are worthless , they will be dumped soon ,

You aren't fooling anyone.

oldmarsh

sr. member

Activity: 247

Merit: 250

Cashed out 4mil out of my 5mil today @ 0.00002. This netted me 8 BTC... not bad for a $200 investment a week ago.

Dogecoin is a meme and will go away as fast as it rises. You must remember it was created as a joke... the coin's logo is the face of a dog. It isn't likely to be something that keeps rising in value and is adopted as a payment option by 1000s of businesses like Bitcoin is. The value will peak and with the amount of coins there are I honestly can't see it going much above ~$0.01 per DOGE. That estimate is optimistic and partly based off the performance of another fairly successful high-mintage coin - Quark. Good luck guessing when that peak will happen, though.

Galimore

full member

Activity: 126

Merit: 100

You're forgetting that multipools exist. Dogecoin will only see significant growth if the entire altcoin market grows along with it. If it ever starts to outpace the rest of the coins you can expect an extra 10+ GH/s to be thrown at the network and millions of coins to be dumped on cryptsy a few hours later. It's already been almost completely normalized to the rest of the alts within 24 hours. It was at nearly 200x bitcoin profitability last night and it's fallen to 76x which is still better the other scrypt alts, but not by much.

Topic: Who else is holding on to DOGE long term? (Read 2133 times)