Why DOGE is so cheap, What am I missing?? - page 2.

Xialla

legendary

Activity: 1036

Merit: 1001

/dev/null

Quote from: pooya87 on July 06, 2015, 08:17:21 AM

Quote from: Xialla on July 05, 2015, 02:02:34 PM

ahh you know why? because you can't buy anything with dogecoin, their creators left the community and there is simply no demand and usage, except pump and dump scenarios..

i see a lot of places that you can spend dogecoin.
some of the things that you can buy with dogecoin:

Gift Cards
Jewelry, Accessories & Apparel
Coffee Mugs, Office supplies & Cell phone cases
Food/Health
Music
Games
Collectibles(comics)
Art
Hardware & Software
Web Design, Development, Hosting services
Toys
Movies
Sports & Equipment
Books
Stickers
Services
Physical Dogecoins
E-cigs, Glass pipes and Vapor products
Offline Wallets
Charities
....

i personally have only used Doge for doing giveaways, buying games and donating to charity.

more info:
http://www.dogecoins.com/spend.php
https://www.reddit.com/r/dogecoin/wiki/shop_with_dogecoin

doesn't matter how long you list is, you can buy all stuff mentioned above with bitcoin. I enjoyed initial hype, strong community, cool leaders (Palmer, Doernberg..) and charity projects..but for last couple of months, there is nothing new (if something except meme pictures with shiba inu, let me know..) and dogecoin just stuck somehow as many similar projects..

Netnox

legendary

Activity: 2044

Merit: 1008

Quote from: pooya87 on July 06, 2015, 08:17:21 AM

Quote from: Xialla on July 05, 2015, 02:02:34 PM

ahh you know why? because you can't buy anything with dogecoin, their creators left the community and there is simply no demand and usage, except pump and dump scenarios..

i see a lot of places that you can spend dogecoin.
some of the things that you can buy with dogecoin:

Gift Cards
Jewelry, Accessories & Apparel
Coffee Mugs, Office supplies & Cell phone cases
Food/Health
Music
Games
Collectibles(comics)
Art
Hardware & Software
Web Design, Development, Hosting services
Toys
Movies
Sports & Equipment
Books
Stickers
Services
Physical Dogecoins
E-cigs, Glass pipes and Vapor products
Offline Wallets
Charities
....

i personally have only used Doge for doing giveaways, buying games and donating to charity.

more info:
http://www.dogecoins.com/spend.php
https://www.reddit.com/r/dogecoin/wiki/shop_with_dogecoin

You can do all these with BTC already, nothing special.

shanem

legendary

Activity: 1344

Merit: 1000

Dogecoin was 50 a few months ago.
I don't see much future for Dogecoin except that it is good way to attract more people to cryptocurrency.

pooya87

legendary

Activity: 3472

Merit: 10611

Quote from: Xialla on July 05, 2015, 02:02:34 PM

ahh you know why? because you can't buy anything with dogecoin, their creators left the community and there is simply no demand and usage, except pump and dump scenarios..

i see a lot of places that you can spend dogecoin.
some of the things that you can buy with dogecoin:

Gift Cards
Jewelry, Accessories & Apparel
Coffee Mugs, Office supplies & Cell phone cases
Food/Health
Music
Games
Collectibles(comics)
Art
Hardware & Software
Web Design, Development, Hosting services
Toys
Movies
Sports & Equipment
Books
Stickers
Services
Physical Dogecoins
E-cigs, Glass pipes and Vapor products
Offline Wallets
Charities
....

i personally have only used Doge for doing giveaways, buying games and donating to charity.

more info:
http://www.dogecoins.com/spend.php
https://www.reddit.com/r/dogecoin/wiki/shop_with_dogecoin

lorylore

legendary

Activity: 1470

Merit: 1002

Dogecoin i think is not cheap as you say.
I remember when it was below 0.00000050 and when we see now it is 0.00000072

sdmathis

hero member

Activity: 546

Merit: 500

AKA The Rubber Monkey

Quote from: Xialla on July 05, 2015, 02:32:11 PM

Quote from: sdmathis on July 05, 2015, 02:22:24 PM

Quote from: Xialla on July 05, 2015, 02:02:34 PM

ahh you know why? because you can't by anything with dogecoin, their creators left the community and there is simply no demand and usage, except pump and dump scenarios..

Actually, you can use Doge as well as Litecoin and Bitcoin at egifter. I just noticed that the other day when I was buying an Amazon gift certificate there.

and why should somebody use dogecoin and not bitcoin? because of meme dog?

sorry, but I'm generally missing the point, what is advantage of dogecoin over bitcoin..they had amazing start, creators and community but after scam with dogeparty, leaving creators and moolah.io story...well, they are done..

There is no advantage. You said that you can't buy anything with Doge and I simply pointed out that you can. I didn't say anything about there being any advantage to using Doge. If there were an advantage, I'd use Doge. Instead, I use Bitcoin like most other people.

Foerster

full member

Activity: 143

Merit: 100

Quote

but after scam with dogeparty, leaving creators and moolah.io story...well, they are done..

So you think Dogecoin has had relatively more scams than Bitcoin and ~~Karpeles~~ Satoshi is still an active Bitcoin developer? Wink

I can't even remember how many extreme scams Bitcoin had.

Quote

Who is mining doge and why are they selling the coins at a loss?

Dogecoin can be merge mined with Litecoin (AuxPoW). So in addition to Dogecoin you also get the full LTC reward. This is what most Doge & LTC miners do, hence the hash rate of DOGE & LTC is very similar.

marine4u

full member

Activity: 673

Merit: 106

Who is mining doge and why are they selling the coins at a loss? That was the original question. if anyone can answer that I would appreciate. because there is significant amount of electricity expanded everyday on Dogecoin and I don't understand this low price compared to cost of mining there is a huge gap, merged mining pools DOGE/LTC with auxpow does not explain this imo.

Xialla

legendary

Activity: 1036

Merit: 1001

/dev/null

Quote from: sdmathis on July 05, 2015, 02:22:24 PM

Quote from: Xialla on July 05, 2015, 02:02:34 PM

ahh you know why? because you can't by anything with dogecoin, their creators left the community and there is simply no demand and usage, except pump and dump scenarios..

Actually, you can use Doge as well as Litecoin and Bitcoin at egifter. I just noticed that the other day when I was buying an Amazon gift certificate there.

and why should somebody use dogecoin and not bitcoin? because of meme dog?

sorry, but I'm generally missing the point, what is advantage of dogecoin over bitcoin..they had amazing start, creators and community but after scam with dogeparty, leaving creators and moolah.io story...well, they are done..

sdmathis

hero member

Activity: 546

Merit: 500

AKA The Rubber Monkey

Quote from: Xialla on July 05, 2015, 02:02:34 PM

ahh you know why? because you can't by anything with dogecoin, their creators left the community and there is simply no demand and usage, except pump and dump scenarios..

Actually, you can use Doge as well as Litecoin and Bitcoin at egifter. I just noticed that the other day when I was buying an Amazon gift certificate there.

Xialla

legendary

Activity: 1036

Merit: 1001

/dev/null

ahh you know why? because you can't by anything with dogecoin, their creators left the community and there is simply no demand and usage, except pump and dump scenarios..

Foerster

full member

Activity: 143

Merit: 100

The market obviously disagrees with you reRaise. Grin

What market cap would be the fair value for Dogecoin in your opinion?

reRaise

hero member

Activity: 868

Merit: 1000

Quote from: hiddensphinx on July 05, 2015, 06:55:58 AM

A coin with consistent high volume is what that matters most

This is an ignorant post, if you want volume go fcking trade s&p or something. Alt coins need to have usability, innvation. Bitcoin already covers everything what 99% of alts offer including the overpriced dogecoin. There are a very, very, very few that offer a use case and a purpose, which bitcoin doesn't over. dogecoins creator abandoned his stupid coin, nuff said.

bathrobehero

legendary

Activity: 2002

Merit: 1051

ICO? Not even once.

Quote from: pooya87 on July 05, 2015, 01:23:19 AM

i think the reason why Dogecoin is at this value is simply because of the ridiculous available supply of the Dogecoin . right now it is 100 billion Doge available. additionally every block will give a reward of 10,000 Doge and the miners will dump it on the market as soon as they get it.
with not enough demand this amount of supply will keep the price down.

Currently there are 10 BTC worth of coins are being mined every day. Compare that to the daily volume and it's safe to say the mined amount is nothing and the market can easily absorb it.

Quote from: hiddensphinx on July 05, 2015, 06:55:58 AM

A coin with consistent high volume is what that matters most

I agree, I just don't see why Doge has this much volume.

hiddensphinx

legendary

Activity: 1457

Merit: 1001

A coin with consistent high volume is what that matters most

reRaise

hero member

Activity: 868

Merit: 1000

doge is a ltc copy with a different name and logo slapped on top, it's the most overpriced alt.

o0‡0o

full member

Activity: 227

Merit: 103

Have faith.

Constant reward of 5 Bill so inflation for the next 100 year is like so:

Code:

Year	1	5.00%
Year	2	4.76%
Year	3	4.54%
Year	4	4.35%
Year	5	4.16%
Year	6	4.00%
Year	7	3.84%
Year	8	3.70%
Year	9	3.57%
Year	10	3.45%
Year	11	3.33%
Year	12	3.22%
Year	13	3.12%
Year	14	3.03%
Year	15	2.94%
Year	16	2.86%
Year	17	2.78%
Year	18	2.70%
Year	19	2.63%
Year	20	2.56%
Year	21	2.50%
Year	22	2.44%
Year	23	2.38%
Year	24	2.32%
Year	25	2.27%
Year	26	2.22%
Year	27	2.17%
Year	28	2.13%
Year	29	2.08%
Year	30	2.04%
Year	31	2.00%
Year	32	1.96%
Year	33	1.92%
Year	34	1.89%
Year	35	1.85%
Year	36	1.82%
Year	37	1.79%
Year	38	1.75%
Year	39	1.72%
Year	40	1.69%
Year	41	1.67%
Year	42	1.64%
Year	43	1.61%
Year	44	1.59%
Year	45	1.56%
Year	46	1.54%
Year	47	1.51%
Year	48	1.49%
Year	49	1.47%
Year	50	1.45%
Year	51	1.43%
Year	52	1.41%
Year	53	1.39%
Year	54	1.37%
Year	55	1.35%
Year	56	1.33%
Year	57	1.32%
Year	58	1.30%
Year	59	1.28%
Year	60	1.27%
Year	61	1.25%
Year	62	1.23%
Year	63	1.22%
Year	64	1.20%
Year	65	1.19%
Year	66	1.18%
Year	67	1.16%
Year	68	1.15%
Year	69	1.14%
Year	70	1.12%
Year	71	1.11%
Year	72	1.10%
Year	73	1.09%
Year	74	1.08%
Year	75	1.06%
Year	76	1.05%
Year	77	1.04%
Year	78	1.03%
Year	79	1.02%
Year	80	1.01%
Year	81	1.00%
Year	82	0.99%
Year	83	0.98%
Year	84	0.97%
Year	85	0.96%
Year	86	0.95%
Year	87	0.94%
Year	88	0.93%
Year	89	0.93%
Year	90	0.92%
Year	91	0.91%
Year	92	0.90%
Year	93	0.89%
Year	94	0.88%
Year	95	0.88%
Year	96	0.87%
Year	97	0.86%
Year	98	0.85%
Year	99	0.85%
Year	100	0.84%

pooya87

legendary

Activity: 3472

Merit: 10611

i think the reason why Dogecoin is at this value is simply because of the ridiculous available supply of the Dogecoin . right now it is 100 billion Doge available. additionally every block will give a reward of 10,000 Doge and the miners will dump it on the market as soon as they get it.
with not enough demand this amount of supply will keep the price down.

tokeweed

legendary

Activity: 3976

Merit: 1421

Life, Love and Laughter...

Quote from: bathrobehero on July 04, 2015, 09:46:46 PM

Quote from: tokeweed on July 04, 2015, 09:21:27 PM

Quote from: bathrobehero on July 04, 2015, 09:05:20 PM

I honestly think both LTC and DOGE are way overstaying their welcome as I really can't see any reason whatsoever that would warrant their current price. I'm curious though, why people think otherwise.

I want LTC to be around as a safe haven coin in case shit happens with BTC. Easy trades, storage and movement of funds.

edit: And the volume is there to support big trades.

I see but I think that if BTC would flop for some reason then so would LTC/DOGE. I just don't think there's anything that LTC/DOGE does better than BTC.

I would disagree. There's just so much potential in the cryptocurrency space that it just can't go away because BTC "failed". If that happens the coin to go to is LTC for practical reasons.

edit: Tbh, I can see BTC being replaced by something better, more scalable in the future.

bathrobehero

legendary

Activity: 2002

Merit: 1051

ICO? Not even once.

Quote from: tokeweed on July 04, 2015, 09:21:27 PM

Quote from: bathrobehero on July 04, 2015, 09:05:20 PM

I honestly think both LTC and DOGE are way overstaying their welcome as I really can't see any reason whatsoever that would warrant their current price. I'm curious though, why people think otherwise.

I want LTC to be around as a safe haven coin in case shit happens with BTC. Easy trades, storage and movement of funds.

edit: And the volume is there to support big trades.

I see but I think that if BTC would flop for some reason then so would LTC/DOGE. I just don't think there's anything that LTC/DOGE does better than BTC.

Topic: Why DOGE is so cheap, What am I missing?? - page 2. (Read 2614 times)