Topic: Will dogecoin become like Bitcoin? (Read 2554 times)
Where is all the merge mining news? If its true, then its the end of Doge. It simply cannot sustain so many miners who will sell it anyway as they are basically getting it for free.
So the question is simple will Dogecoin come to a stage like BTC has does? 600$ mark? Or even 100$ mark? What is the main difference in these coins?
the main difference is that bitcoin has been widely adopted and subject of intense speculation.
Dogecoin was adopted, but as a joke. It was never serious, then it tried to get serious but was stuck in a joke.
Dogecoin is probably finished, unless something very clever happens. As far as i know, all the main holders dumped from 200 down to 100, with the rest of the "community" dumping thereafter.
I can't see where Doge goes next because it's not funny and it offers no advantages that scryptcoins like Litecoin don't offer.
Sorry to Doge people, but it lookss like a "Dead Coin Walking" to me.
http://i59.tinypic.com/59sf1y.jpg
is the merging option being seriously considered by BOTH communities?
If someone has articles or other links to back up their opinion, that would be ideal (but not required, of course)
Considered? Dogecoin devs are enabling merged mining--nothing more to it. If someone has articles or other links to back up their opinion, that would be ideal (but not required, of course)
is the merging option being seriously considered by BOTH communities?
If someone has articles or other links to back up their opinion, that would be ideal (but not required, of course)
If someone has articles or other links to back up their opinion, that would be ideal (but not required, of course)
600$ or 100$
never
not even 10$ for dogecoin
never
not even 10$ for dogecoin
Is a joke??
Bitcoin is real, Dogecoin was a social moment.
why do you say it like that, does not bitcoin also have social moment Bitcoin is real, Dogecoin was a social moment.
dogecoin is just a meme.
Is a joke??
Bitcoin is real, Dogecoin was a social moment.
Bitcoin is real, Dogecoin was a social moment.
Merged mining will keep the blockchain moving, but they screwed up Doge by making it inflationary. Not so much that it's inflationary, but how inflationary it is. It's way too much.
Inflation isn't a bad model for cryptocurrency, in fact it makes a lot of sense. All the coins that get lost over time won't cause deflation and limited supply issues.
There are way too many Dogecoins in circulation, for Doge to have a value per coin of even $1 would mean the market cap would be 178 billion USD, over 23 times that of Bitcoin's current Market cap. As the currency continues hyperinflation, the value of each coin will decrease even more, meaning the chance of it even coming close to a mere fraction of Bitcoin's value is decreasing even further by the day.
Simply put, the downward pressure of inflation is way higher than the upward pressure of buyers. The coin will continue to decrease in value. It's not a matter of opinion. It's a matter of mathematics.
Inflation isn't a bad model for cryptocurrency, in fact it makes a lot of sense. All the coins that get lost over time won't cause deflation and limited supply issues.
There are way too many Dogecoins in circulation, for Doge to have a value per coin of even $1 would mean the market cap would be 178 billion USD, over 23 times that of Bitcoin's current Market cap. As the currency continues hyperinflation, the value of each coin will decrease even more, meaning the chance of it even coming close to a mere fraction of Bitcoin's value is decreasing even further by the day.
Simply put, the downward pressure of inflation is way higher than the upward pressure of buyers. The coin will continue to decrease in value. It's not a matter of opinion. It's a matter of mathematics.
Quote
[12:31] kotarius: there are 640gh of scrypt on ltc and 50gh of scrypt on doge
[12:31] mobomelter: damn is doge that low now
[12:32] kotarius: so (640-50)/640 = 92%
[12:32] kotarius: that means that 92% of doge will be mined by people who want LTC
[12:32] kyrio: exactly
[12:32] kotarius: then you look at the trading volumes on the markets
[12:33] kotarius: and figure out if they can sustain 590/50 = 11.8x increase in sell pressure
[12:31] mobomelter: damn is doge that low now
[12:32] kotarius: so (640-50)/640 = 92%
[12:32] kotarius: that means that 92% of doge will be mined by people who want LTC
[12:32] kyrio: exactly
[12:32] kotarius: then you look at the trading volumes on the markets
[12:33] kotarius: and figure out if they can sustain 590/50 = 11.8x increase in sell pressure
No, it's going to become the next Litecoin.
Not even close.So the question is simple will Dogecoin come to a stage like BTC has does? 600$ mark? Or even 100$ mark? What is the main difference in these coins?
HahahahahahahahahahahahahahahhahahahahahhahahahahahahhahahahPROTIP: Dogecoin is dead now that they've gone to merged mining. You think the price is bad now? It's going to get a lot worse.
At least Namecoin provides a unique service. Dogecoin has nothing.
No, it's going to become the next Litecoin.
Dogecoin needs to close its open coin cap to even think to survive. 80 Billion coins is insane. even the miners are giving up on it. Too bad too because it has a great active community.
Totally agree with you dude.
I wonder how split the doge community might be on this issue.
So...what do you think about dogeparty?
I'm for the dogeparty.
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Dogecoin needs to close its open coin cap to even think to survive. 80 Billion coins is insane. even the miners are giving up on it. Too bad too because it has a great active community.
A reformatting of the coin might eventually occur but the question is how they would divide its coinage
Anyways that's a discussion for the miners and the developers who want to fork it.
Dogecoin needs to close its open coin cap to even think to survive. 80 Billion coins is insane. even the miners are giving up on it. Too bad too because it has a great active community.
So...what do you think about dogeparty?
hilarious topic
The main difference is that DOGE is already dying and BTC will stay as Number 1 on coinmarketcap because of the popularity and its possibilities to affect the real markets worldwide.
Would be better to give the POS-coins the chance to come up.
Would be better to give the POS-coins the chance to come up.
What is the main difference in these coins?
Doge is embrassing. Bitcoin is not.
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