winter is cold and it snows - page 2.

GameKyuubi

sr. member

Activity: 253

Merit: 1596

DTCxNMC

Quote from: tk808 on February 11, 2014, 11:02:24 PM

The cause and effect goes both ways, but mainly because of the market giants.

I agree that it goes both ways, but to say that it started because giants piled in precludes a reason for them to pile into this coin instead of others. The giants in your version of events are lacking a motive.

tk808

legendary

Activity: 1512

Merit: 1124

Invest in your knowledge

Quote from: GameKyuubi on February 11, 2014, 10:58:54 PM

Quote from: tk808 on February 11, 2014, 10:47:03 PM

Everyone should know something about DOGE:

There are major high stake traders in the DOGE game, they ride on the psychological and social waves of the coin. Doge is being support by these kind of people, they have little or no interest on what DOGE represents and means to people.. they are only in for the large amounts of profits to be made

Contrary to what people think, it's not the average person who likes cute doge pictures, they are merely the funnels for the piggy banks.

Doesn't this happen with EVERY popular coin? You have cause and effect reversed. The coin isn't popular because there are whales in it. The whales are in it because it is popular.

The cause and effect goes both ways, but mainly because of the market giants.

DieJohnny

legendary

Activity: 1639

Merit: 1006

Quote from: GameKyuubi on February 11, 2014, 10:58:54 PM

Quote from: tk808 on February 11, 2014, 10:47:03 PM

Everyone should know something about DOGE:

There are major high stake traders in the DOGE game, they ride on the psychological and social waves of the coin. Doge is being support by these kind of people, they have little or no interest on what DOGE represents and means to people.. they are only in for the large amounts of profits to be made

Contrary to what people think, it's not the average person who likes cute doge pictures, they are merely the funnels for the piggy banks.

Doesn't this happen with EVERY popular coin? You have cause and effect reversed. The coin isn't popular because there are whales in it. The whales are in it because it is popular.

+1

GameKyuubi

sr. member

Activity: 253

Merit: 1596

DTCxNMC

Quote from: tk808 on February 11, 2014, 10:47:03 PM

Everyone should know something about DOGE:

There are major high stake traders in the DOGE game, they ride on the psychological and social waves of the coin. Doge is being support by these kind of people, they have little or no interest on what DOGE represents and means to people.. they are only in for the large amounts of profits to be made

Contrary to what people think, it's not the average person who likes cute doge pictures, they are merely the funnels for the piggy banks.

Doesn't this happen with EVERY popular coin? You have cause and effect reversed. The coin isn't popular because there are whales in it. The whales are in it because it is popular.

tk808

legendary

Activity: 1512

Merit: 1124

Invest in your knowledge

Everyone should know something about DOGE:

There are major high stake traders in the DOGE game, they ride on the psychological and social waves of the coin. Doge is being support by these kind of people, they have little or no interest on what DOGE represents and means to people.. they are only in for the large amounts of profits to be made

Contrary to what people think, it's not the average person who likes cute doge pictures, they are merely the funnels for the piggy banks.

mek300

member

Activity: 93

Merit: 10

Quote from: flounderella on February 11, 2014, 10:35:23 PM

Technology has nothing to do with this. But dogecoin now has one of the largest communities out there and they are all ardent, almost fanatical supporters/promoters of the coin. Don't think this is done going up.

So you are wheat, that doesn't mean there is no weed there.

GameKyuubi

sr. member

Activity: 253

Merit: 1596

DTCxNMC

Quote from: bitbets on February 11, 2014, 08:30:30 PM

I do not understand how or why dogecoin has the price it has, nor why it might increase in price.

I reason that other coins can do whatever it is that dogecoin might do, so I really do not see the value.

One thing I do perceive, is that it seems that dogecoin has multi-millionaire backers who are buying the coin.
But, why are they buying it? What are their plans? Who are the multimillionaire backers of dogecoin?
Why would they chose a name like dogecoin(when they could have chosen from many other seemingly better names for a coin? )

I cannot bring myself to invest in dogecoin, not at current prices, and even at 1/10th current prices, I saw the coin as way over-priced.

So, I am seeing dogecoin price increase, with current info, as being extremely delusional or a very strange pump of a coin by millionaires.

Some people care to explain more please ?

There's not much to it, really. DOGE is exactly the same as many coins in that the protocol doesn't offer anything new. The only huge difference is that people like it, probably stemming, way back in the beginning, from the DOGE meme and just how silly the whole thing was. People were looking for a smile during hard times and they found it in DOGE. That spiraled into a vivid, diverse community willing to spend it just for fun, and now it's actually got real value and use. It was a perfect storm of sorts. It flew in the face of all the clones that were trying to take themselves too seriously, and in that way, became unique and serious underpinned by how much fun the community was having rooting for the underdoge.

Ferris419

hero member

Activity: 1008

Merit: 501

I'm a noob around here still and I'll be honest why I bought doge ... I bought doge because of the whole Olympic deal and because of the blocks halving ... Call it luck ? I'm not sure but I bought in at 162 satoshis and figured I would ride it till atleast the bobsleds start .

flounderella

sr. member

Activity: 350

Merit: 250

Bitcoin Evengelist

Technology has nothing to do with this. But dogecoin now has one of the largest communities out there and they are all ardent, almost fanatical supporters/promoters of the coin. Don't think this is done going up.

mek300

member

Activity: 93

Merit: 10

DDoS attack just happened in wrong time at wrong place.

Bitstamp is the larget BTC exchange and today, Bitstamp announced that it will suspend all BTC withdrawals.

https://www.bitstamp.net/article/bitcoin-withdraws-suspended/

Current Bitstamp BTC price is $660.

DieJohnny

legendary

Activity: 1639

Merit: 1006

Quote from: mek300 on February 11, 2014, 10:11:28 PM

I remember back in January(?) someone said in reddit (?) dogecoin will have a big price jump in February. That was said with a very sure tone and without further explanation.

Now we have the BTC Bitstamp DDoS attack.
And the attacker did not take any bitcoin.

So on the surface, the anonymous attacker did not benefit at all doing this attack.

But we have this big dogecoin price jump now.

So I will give a feasible reason to help op understand his puzzling:

"these two incidents -- bitstamp DDoS attack and dogcoin price increase -- are correlated with each other".

This will also be a good starting point if someone wants to investigate this further.

only if bitstamp ddos started in the middle of January... your analysis boggles my mind...

backtrackit

member

Activity: 112

Merit: 10

Quote from: mek300 on February 11, 2014, 10:11:28 PM

I remember back in January(?) someone said in reddit (?) dogecoin will have a big price jump in February. That was said with a very sure tone and without further explanation.

This was said because of the blocks halving, payout after halving will be anything from 1 doge to 500k

mek300

member

Activity: 93

Merit: 10

I remember back in January(?) someone said in reddit (?) dogecoin will have a big price jump in February. That was said with a very sure tone and without further explanation.

Now we have the BTC Bitstamp DDoS attack and bitcoin big price drop.
And the attacker did not take any bitcoin.

So on the surface, the anonymous attacker did not benefit at all doing this attack.

But we have this big dogecoin price jump now.

So I will give a feasible reason to help op understand his puzzling:

"these two incidents -- bitstamp DDoS attack and dogcoin price increase -- are correlated with each other".

So the suspicion is: bitstamp DDoS attacker had big stake in dogecoin and thus wanted to demote bitcoin and promote dogecoin.

This will also be a good starting point if someone wants to investigate this further.

DieJohnny

legendary

Activity: 1639

Merit: 1006

Quote from: ?? on ??

Quote from: cozk on February 11, 2014, 08:36:42 PM

People anticipating the halving.

Market is now too big to be moved by a few people now.

It doesn't really matter to me, if the coin is halving or not, and
the rate of time it halves may be too fast.

I am saying the current prices are too high. Justify those prices to me, and show me why dogecoin might

be a buy at current prices. ( its not justified simply because it is 'halving' from my perspective )

Nothing every rises in price for NO REASON. There are very good reasons DOGE has multiplied by 10X in the past 30 days. If you had the same insights as these so called millionaires then you would have bought when it was at 29 satoshi instead of 290 today. If you also understand why it has exploded then you would probably buy into Doge even now on the dips.

So here it is:

1. Doge had something at 29 Satoshi that Bitcoin and Litecoin have never valued much or created for themselves. That is an identifiable community outside of GEEKY Crypto community.
2. Dogecoin is a BRAND not a cryptocoin.
3. You may not understand #1 or #2 but they are both so earth shatteringly differentiating that Dogecoin has FAR more potential to penetrate mainstream economies that stupid crypto geekery.

So do yourself a favor, stop comparing Dogecoin technology with Litecoin, Bitcoin, Vertcoin or anything. YOU ARE DOOMED if you think technology is going to make any crypto currency mainstream. If you think you can't see mainstream adoption coming from a long ways away, then that is your fault.

FoBoT

sr. member

Activity: 658

Merit: 250

marketing
loyalty
the real meaning of value or worth

it doesn't have to make sense to be true

BitCoinPokerBro

hero member

Activity: 826

Merit: 1000

Drugs

SecretWolf

newbie

Activity: 62

Merit: 0

A crypto is nothing without a good community. Dogecoin now has 60k subscribers on reddit and growing with almost 1000 each day. Keep in mind that the average person doesn't care about how the algorithm of a crypto works, I would never be able to make my gf invest in bitcoin, but had no problem convincing her to buy dogecoin

http://www.reddit.com/r/dogecoin/

backtrackit

member

Activity: 112

Merit: 10

The price is being pumped, happens with all coins. Whether the price holds or not when the coin halves the max payout is yet to be seen. If it follows trend then will probably drop by end of next week, ready to be pumped again lol.

TheCloser

member

Activity: 98

Merit: 10

Quote from: MTJ151 on February 11, 2014, 09:26:26 PM

Same as any currency... people believing it has value gives it value.

What kicked it off so well for doge? I'm not sure... the good community maybe? Maybe because lots of people were giving so much away at the start? Media attention? Combo of lots of stuff probably got the ball rolling imo

I feel many people that get into cryptocurrency have little experience in how economics work. You can't fall in love with a coin because of its name, i.e. worldcoin fail, or its picture on the coin. Currency of any kind only exists when there is a community that perceives value in a medium of exchange. If 10 people were trapped on an island with 20 rocks, the community of 10 people could decide that those 20 rocks have value and therefore can be used as a medium of exchange for goods or services. Faith in currency and community is what drives value. Fact.

jongameson

member

Activity: 84

Merit: 10

doges are great. they bark and stuff. unlike cats. which are totally lame

Topic: winter is cold and it snows - page 2. (Read 2595 times)