Topic: Why did dogecoin survive? - page 4. (Read 771 times)

they were using doge to speculate on exchange site and i didn't even think if they wanna try to use it to be used as a substitution for their asset to get the cheap fees caused by the majority of coins have scalable enough to do hat.

to survive long-term doge has market power. many use this coin. I think doge is quite popular, but for trading and investing this coin is not suitable. some traders I think often use it too, but only as an asset to withdraw from one exchange to another.

Low demand + unlimited and large supply. because it is a doge defense, and maybe I think doge is the best-selling coin in the world of gambling, almost all of them use doge, and that's just my opinion

Unlimited supply make dogecoin look hard to the moon and keep best coin for long term investment, I think dogecoin is not enough exist on higher price before burning their supply, how billion dogecoin on exchange market although hold with higher amount I think dogecoin keep in lower price.

but sometimes there are also people who make dogecoin as their investment, because a profit of 1 sathosi is enough if you have a lot of dogecoin, and I often use dogecoin for withdrawals only, if the payment system, I change dogecoin to usd, to buy digital products

yes of course doge coins are very good for trading but you have to know that doge coins have a very high risk because doge coins can be said to be a dying coin because the price movement is only from the support of the community and doge coin holders have not had a good development again so you have to stay careful when entering and trading in doge coins.

That's the reason why those people are still using doge coin right now. People are using it as a reliable transaction for a micropayment system. People will never try to use doge as an investment but the only usefulness for doge is to be the payment system

I don't think so dude, DOGE is good for trading with light price and moving up and down fastly.
Don't you ever think good coin is just for grow up, some coin need to get deep too for buying time.
Doge is really good for trading if you can see the graphic volume and buy/sell with right.

it is popular because it has a large community  . they released meme and make fun of this coin  , people that dont know this coin got curios and they tried it  . what about other coins that became popular in a short period of time  , why dont became succesful as dogecoin   .  

dont they have a large community  ? but they can work like a doge coin too ( less fee and speedy transfer  )  .  doge coin has its disadvantage because of its supply , thats make us more think why dogecoin became succesful   .

this coin has really become a good tool in the cryptocurrency world. initially, this project was a joke, but now its community has become very large and only thanks to the community the project exists

Can Dogecoin (DOGE) Become the World’s Favorite by 2020?
https://coindoo.com/can-dogecoin-doge-become-the-worlds-favorite-by-2020/

A very interesting question made me think for a few minutes.
The coin is alive because it is associated with a meme, a parody, funny pictures, this is not true. The coin is alive because it has real use (low transaction costs and a large community).

I would say love from the community and being used for right things is the biggest reason for its survival. Remember this is one of the coins that were created before the coin offering period, so there was no owner that printed ALL coins for himself and just sold a fake coin for nothing, all of those coins after ICO period were scam in my mind because they just print the whole coins and sell them for ethereum and you just hope they will use it for the coin while they drive a lambo to go to their new yacth from their villa.

At the end of the day Doge represents the good and hype in all of us, it is used for making things better, sponsoring awesome stuff like Jamaica bobsled team and nascar racer and so forth, it is created to celebrate life as we know it and everything in it and as a huge positive and cheerful notion to it.

I was once mining dogecoins by 2014 and then stopped once its devs decide not to have upper cap for total circulating supply. But, I was still holding my mining rewards with the expectation of selling for decent prices but it reached some how up to 120 satoshi level with last bull run of cryptos. I guess with upcoming bull run, it may test up to 200 to 250 satoshi levels as people do consider it for gambling and as part of portfolio for decent ROI.

Dogecoin has received increased attention from many. The coin is widely used and is widely used in calculations due to its high speed and low transaction costs. Yes, and many just sympathize with her.

Yes, for those who do not know Dogecoin, they will definitely say that Dogecoin is shitcoin because they only see in terms of low prices, even though the transaction and shipping costs are very fast and very cheap if we compare it to other Altcoins.

well of course with the supporters of cryptocurrency will have a good impact on price movements and the stability of the doge coin, just imagine the doge coin has been abandoned by the developer and has been processed by the community and should if there is no support doge coins will not reach last until now.

Dogecoin was created to be fun as meme for bitcoin while ltc is a direct fork of bitcoin, the large community of dogecoin makes it survive even when bitcoin make a plunge from 20k to almost back to 1k USD  the support from the holders is amazing, it will stay afloat as long as bitcoin is on the top.

Its price continue to decrease because of its high supply. But we can't remove the fact that many crypto users want this coin because of its functions. It is also being used to do transactions because of its low fee, even if it is considered as a meme coin before, it still continue to stand together with other new crypto and still remain as one of the oldest coin alive in the market.

Dogecoin is a meme coin back in the days, many look at this coin as another shitcoin but those who knew it's capability keeps filling their bags, dogecoin is pretty fast and has very cheap transaction fee.

Yes I also will, like Litecoin, Dogecoin is fast and cheap I remember using Dogecoin twice and one of this is when I bought a software and merchant has Dogecoin as one of your option and when I withdraw my Doge to wallet Abra and converted it to our local fiat it was like a few cents worth in Doge, very convenient to use.

Most of us would be probably using dogecoin right now if the merchants accept dogecoin, sadly that's not the case but i have seen other merchants accepting it. I love to use dogecoin because of the withdrawal fee in trading sites, because BTC withdrawal fee is like 50k sats which is alot and that's the lowest i have seen.