Will Doge Success Force Bitcoin to Improve - page 2.

cabron

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Quote from: TangentC on May 04, 2021, 02:35:44 PM

I remember just a few years ago, where everyone in finance thought Bitcoin was a joke.
Increase in price verses fiat has a way of destroying that thought process.

I have no doubt , that Doge will follow that same route as BTC.

This is also true. Watching them talk about finance in their interviews, BTC was once just a joke to them. It becomes serious when the price goes high that they couldn't ignore it anymore. Jaime Dimon of JPmorgan had been trolling BTC before.

So yes Doge could really become a serious coin to be adopted by the mass and BTC could just be for the institutions. Its all manipulation still but it still a win for the cryptocurrency.

Rikafip

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I used to see Doge as a funny meme coin, but after Elon Musk got involved, it's nothing but a pump and dump coin. At this point, I honestly wouldn't touch Doge with a ten-foot pole. So no, I don't think that Doge will force or bring any kind of improvement to either BTC or crypto market in general. If anything, it's one step backward.

hatshepsut93

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Why should Bitcoin care about Doge's bubble? Dogecoin's "success" comes from hype around Elon Musk's tweets, nothing more. It didn't have any updates in the last 3 years, and no one is using it as a currency in real life, and you'd be crazy to do it now because of this insane volatility.

The only succesful coins is actually Bitcoin, because it's being adopted as a store of value by both private individuals and institutions. When will Doge be used as a reserve asset? Or even Ethereum, that promises to flip Bitcoin soon?

pixie85

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Quote from: virtualdn on May 04, 2021, 03:42:18 PM

I really hope Dogecoin will reach $1 so I can convert my last Dogecoins to BTC once for good and forget about this pump and dump coin.

I had some doge and did exactly that when Bitcoin dumped a week ago while doge remained at ATH. Doge is fine as a joke coin but it will never be a top market cap coin.

OP said that Bitcoin started the same way because finance people thought it was a joke. The difference here is that everybody think doge is a joke, even its supporters and the crypto community.
You think people will dump bitcoin and pay with doge just because of transaction time and cost? If this was the most important factor they'd be using BCH not BTC since 2018 and we wouldn't be talking about Doge at all.

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Bitcoin as a pioneer cryptocurrency and is not influenced by other coins, but works at its own pace.
There are lots going on on the Bitcoin chain, a number of Bitcoin improvement proposals aimed at improving scalability have been implemented, the latest being Taproot.
The current state of Bitcoin transactions may not be the most appealing to small and medium investors, but it's constantly being improved upon, for now using startegies at reducing the fees paid on txs is the best option.

tabas

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This topic is related to Altcoins. Move your thread to the section of Altcoin Discussion.
Despite you're relating it to bitcoin, yet, this isn't a bitcoin only topic.

virtualdn

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Quote from: TangentC on May 04, 2021, 02:35:44 PM

Quote from: virtualdn on May 04, 2021, 02:14:37 PM

If the world will buy and sell with a coin named after a dog, pumped by a billionaire guy and which has 100 addresses owning > 67% of its supply then this world has serious issues. Dogecoin is nothing more than a joke coin and people fail to admit it. I've been a huge Dogecoin supporter myself but I've never seen it as something greater than BTC because these are 2 different worlds.

I remember just a few years ago, where everyone in finance thought Bitcoin was a joke.
Increase in price verses fiat has a way of destroying that thought process.

I have no doubt , that Doge will follow that same route as BTC.

@20kevin20
You might want to look for some different exchanges to handle doge for you.
The ones I use , confirmations are like 10 instead of the hundreds that you are saddled with.
PM me if you want the name of a lower confirmation exchange.

I really hope Dogecoin will reach $1 so I can convert my last Dogecoins to BTC once for good and forget about this pump and dump coin.

TangentC

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Quote from: virtualdn on May 04, 2021, 02:14:37 PM

If the world will buy and sell with a coin named after a dog, pumped by a billionaire guy and which has 100 addresses owning > 67% of its supply then this world has serious issues. Dogecoin is nothing more than a joke coin and people fail to admit it. I've been a huge Dogecoin supporter myself but I've never seen it as something greater than BTC because these are 2 different worlds.

I remember just a few years ago, where everyone in finance thought Bitcoin was a joke.
Increase in price verses fiat has a way of destroying that thought process.

I have no doubt , that Doge will follow that same route as BTC.

@20kevin20
You might want to look for some different exchanges to handle doge for you.
The ones I use , confirmations are like 10 instead of the hundreds that you are saddled with.
PM me if you want the name of a lower confirmation exchange.

virtualdn

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If the world will buy and sell with a coin named after a dog, pumped by a billionaire guy and which has 100 addresses owning > 67% of its supply then this world has serious issues. Dogecoin is nothing more than a joke coin and people fail to admit it. I've been a huge Dogecoin supporter myself but I've never seen it as something greater than BTC because these are 2 different worlds.

20kevin20

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I can't call it a success. It's going to probably turn into the largest pump and dump in crypto history.

I barely got my Doge on an exchange a while ago. Some exchanges require 250 confirmations. Hell, other exchanges require even 500 to deposit your coins. That's between 250 and 500 minutes.. By the time your tx is confirmed 500 times, price will fluctuate so much it's useless. If this is "success" and "utility", then no thanks.

I hate the fact that Bitcoin has so strict and annoying tx limits. The mempool has been clogged ever since 2020 and that is a very big problem we don't seem to care about. Obviously, as time goes on and people look for ways to invest in crypto, they might prioritize alts over BTC since the average person will not afford spending $20-100 per transaction just in fees.

By the time Bitcoin will improve, I think it might be too late and Bitcoin will remain the preference of the wealthy while the average Joes will move towards cheaper alts (cheap as in fees)

TangentC

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Doge is having outstanding success in Price and utility usage increases.
Some believe this is due to the facts
Doge has Greater Onchain Transaction Capacity than Bitcoin
Transferring the same $100 fiat value in Doge & Bitcoin
Doge only ~50 cents
Bitcoin costs ~ $23

Blockspeed
Doge 1 Minute
BTC 10 Minutes

Question is ,
What will it take for bitcoiners to make blockstream quit limiting bitcoin onchain capacity in favor of blockstream offchain shenanigans such as LN and Liquid?

Or

Should we all just bite the bullet and recognize that bitcoin use as a digital currency is dead,
and it only has investment value verses fiat, but too expensive for the normal guy to transact onchain.

FYI:
I do believe BTC price will increase forever verses fiat,
but I also believe that altcoins such as doge will be the choice for the masses due to the transaction fee differences.

So What do you think?

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