Topic: Why DOGECoin will go up 3000% again - page 7. (Read 14895 times)

Technically, not much else; however, I do believe the community is by far the most important thing for the success of a currency. The community is dedicated to the coin, so that gives confidence to potential buyers that it is not simply a short term fad. That, and the active dev team.


Indeed! That has been proven true many many times.

What makes doge so much better than other alt on the forum? I know it has a great community to back it up but what else?

Maximum FUD in this forum = Best buying opportunity.

My 2 cents.

You're right practically there aren't. However, in the end of 2014 when Doge will be 1 year old, 100 billion coins will have been mined, and after that only 5 billion coins per year will be produced. I meant that 66% of the initial high distribution will have been reached, and after that inflation will be relatively low and won't have a negative impact on the price as long as Doge adoptions keeps growing a mere 5% per year.

I thought there was no coin cap.....

I don't think that's a strong argument, since 66% of the coin cap has already been reached. I think it's safe to say that an important part of that 66% is held by serious member of the Dogecoin community who aren't there for short-term profits and who won't panic sell if the price drops.

Nice posting this info. Ill Buy some doge for trading

I still expect that this will have minimal or no impact on doge's price, which I think will continue to drop steadily. Maybe I'm wrong and they'll find a support at around 100-120 long term but I frankly doubt it... there are just too many dogecoins. The coin cap is absurd.

Nobody cares about the sponsors on the cars of Nascar, indeed. But that's not a regular sponsor, that's a doge - the internet's favourite dog -. I'm quite sure that's enough to gather people's attention, especially if Josh Wise wins the vote because of us; that would be the first time an underdoge wins that contest.

Reddits number of new users is not getting higher, but a good part of its 75000 users are still very active and dedicated long-term to their community - there's usually more activity and upvotes on /r/dogecoin than /r/bitcoin, and several hundred times more than any other altcoin reddit community. Maybe the price will not go to the moon, but there's enough users and interest to justify it being in the 100-200 satoshi range.

Zero buy support? That's absurd. It's usually the coin that has the most volume after Litecoin. There's litterally hundreds of BTC of buy supports on Cryptsy, and even more on the Chinese exchanges. And sell pressure will be lower after the block halving which will make Doge less attractive to multipools.

Also, Diejohnny is confusing socialism with philantropism; that's quite different. I doubt any serious socialist would have an interest in decentralised cryptocurrencies.

I'm curious to see how high will it get.

read..

It will not.

So you can buy cheaper, isn't that your plan?

When will be NASCAR race? 4th of May? I can't waiting to see DOGECOIN car win the champion, Josh Wise you will be the winner!

Uhhhhh it probably will happen again with Bitcoin unless you own a bunch right now.

Dogecoin is dead my friend get over it. Don't be left as the only person holding millions of Dogecoin as everybody runs for something with real cold-blooded capitalists behind it, Bitcoin....

Here is how you should make a decision about DogeCoin. If you cannot unload ALL of your Dogecoin at Market without taking a 10% hit, then you own too much, sell while you still have a chance.

The DOGE sponsoring of the Olympic team didnt even make it to their shirt or their sleigh but the whole world heard about it and pushed DOGE up from 20 Satoshi to 300 Satoshi.

We will see how this goes, for now its just accumulation at low prices. I dont want to log in and see DOGE trading at 150 Satoshi and I regret not getting in sooner. That happened to me with BC. Wont happen again.

Once traing gets thin, this could fly quick. Just like for example NET can go up almost 100% with only 1 BTC investment. Or go up 50% with only 0.31 BTC. In the same manner but larger scale DOGE could rise but it will not give anyone a chance to get in.

This is what the manipulators do, they dump a blunch of their coins, pushing the price down, once they see a lot of sell orders built up by super shaky investors then they sweep up all the coins and push the price up. Did you see BC today?

Its actually exactly the opposite. Once ASICs for Scrypt are everywhere, then there will be very limited Scrypt coins that come out. The ASIC holders will have to battle it out among the 50 something Scrypt coins. The GPU miners will have many options, as you can see right now there are numerous candidates presented to replace Scrypt already, x11 and Scrypt-N being the two most popular ones. Those who bought the $10,000 ASIC Scrypt wont even be able to mine x11 which is ASIC "friendly". Scrypt-N may take years for ASICs to take over.

Thats why ASICs lose 80% to 90% of their value.
GPUs lose 20% of their value.

Doge has lost his Wow, at least for now.
The market looks like it will lose at least 25% more......much sorry.

I was part of a startup IT company that thought it would be genius to sponsor an Indy Car race about a decade ago. It resulted in zero leads, and zero buzz.

Dogecoin sponsoring a nascar vehicle is the biggest waste of money ever conceived.

Unless the guy you are sponsoring is running in the top 3 or happens to win it you will never even see the car the entire race, not even once. I will be surprised if the broadcasters even mention the sponsorship.

There are 10-15 cars in EVERY race that struggle to keep a regular brand on their vehicle. They are always at the back and never make any noise EVER. You may see them in 5 seconds of action if they get caught in a wreck.

BTW, the Dogecoin subreddit is slowing in adoption the last three weeks, there are far fewer online at any one time anymore. After the fad of cool internet community fades what is going to power Dogecoin??

Sorry, but this coin is going down it has zero buy support in the order book. Billions of coins for sale and nobody is buying. My prediction is it will be a shocking 8 million market cap in a month, then it will be 2.5 million a month from that. In six months it will be worth a few hundred thousand, by end of the year it will be on the second page and Doge will represent the high point of alt-coin ambitions.

In some ways I don't mind that this coin tanks because it is based on quasi-socialist values (tip everyone because you think you are the savior of the needy!, hey everyone deserves a free tip!, and we are not all greedy capitalists, we are the good guys!!!), which means anyone that owns it is probably screwed.