So yesterday at about this time the Dogecoin sub-Reddit group had about 19,800 subscribers. Right now the subscribers total 20,738. It has already surpassed the Litecoin sub-Reddit group and appears to be on 1,000 new members each day. Only last week it was around 10,000.
Contrary to what has been posited on this forum, Dogecoin is far from fading away. At the current rate of growth for the Dogecoin sub-Reddit, we should surpass the Bitcoin sub-Reddit group by the middle of February.
What I find most interesting are the comments from members on this forum. Some of the nasty comments that they make about Dogecoin are the same things that were said about Bitcoin when it first emerged.
So why are 1000 new people each day signing up for the Dogecoin sub-Reddit?
Contrary to what has been posited on this forum, Dogecoin is far from fading away. At the current rate of growth for the Dogecoin sub-Reddit, we should surpass the Bitcoin sub-Reddit group by the middle of February.
What I find most interesting are the comments from members on this forum. Some of the nasty comments that they make about Dogecoin are the same things that were said about Bitcoin when it first emerged.
So why are 1000 new people each day signing up for the Dogecoin sub-Reddit?
The people that are attracted to Doge are your everyday, average, morons.
The people on reddit just want to see some cute pictures and be done with it. Doge has no merit to ever be a currency of the world. It's a gag, it's a gift. Don't try to match it with any currency that has above a 50million dollar market share.
On a technological level - doesn't Dogecoin perform the same function as any other cryptocurrency?
Do not take me wrong, there is a lot of profit to be made and the converse. But only a very few people are actually banking off of it presently.
The whole marketing concept is a straight up a joke, literally.
Even diehard supporters will admit the marketing concept is a joke -- whether the marketing is working or not is irrelevant to that fact. It isn't even clever -- Shitcoin/etc did the same thing months ago. The difference is that Dogecoin is slightly less obvious than Shitcoin and a lot more bribes and muscle was put behind cramming this down peoples' throats once the potential for actual profit became a reality.
I understand a lot of people want to profit off this dumb thing...and a handful of them will, I'm sure. I honestly don't believe there is a Bitcoin bubble (if anything, I think Bitcoins remain undervalued)...but there is certainly a massive altcoin bubble so I guess we should just all enjoy it while it lasts. Dogecoin is the same old crap repackaged in a below-average box and may prove to be the first big reality check altcoins have had in a while. It just goes to show people are just as greedy now as they were during the penny stock scam hayday -- there will be a few winners and a lot of losers.
