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Topic: Wow Doge is exploding right now - page 3. (Read 5803 times)

newbie
Activity: 8
Merit: 0
September 13, 2014, 07:58:09 AM
#86
Wow there's a lot of bagholders here.. and you guys really hope that DOGE will reach 50 sats ?
No it won't.. sell before it's too late




Another derp bites the dust.
legendary
Activity: 1639
Merit: 1006
September 13, 2014, 07:29:16 AM
#85
It's not going to settle at anything, it will fluctuate, like any other coin. Or did you mean within a short time frame? Short time frames are not predictable. Don't play those unless you're a trader with years of experience. Selecting what's undervalued and hodling it for long term is the best strategy for most people.

what i mean is that i don't see a monster bubble for doge like it had in the past. A run up to 50 million seems reasonable to me, as it has a large following. Sure it fluctuate, but when I say settle I mean take a breather.

I am by no means a trader with any experience at all whatsoever. Not that I think any experience really makes you better. The only thing that I think makes you better is information and cheating (insider info, manipulation)
sr. member
Activity: 336
Merit: 260
September 13, 2014, 07:24:12 AM
#84
It's not going to settle at anything, it will fluctuate, like any other coin. Or did you mean within a short time frame? Short time frames are not predictable. Don't play those unless you're a trader with years of experience. Selecting what's undervalued and hodling it for long term is the best strategy for most people.
legendary
Activity: 1639
Merit: 1006
September 13, 2014, 07:20:49 AM
#83
I am not understanding who is buying this coin? Volume is third of all coins, which is a lot... I get the community, but the community in general has no money. So what are any big players thinking on this right now.

I am actually a fan of Doge but more from the standpoint that I don't think the coin is going to go away, not sure if I think this current price increase has staying power.

Dogecoin is seriously undervalued, look at market cap. Either that, or Litecoin is seriously overvalued. Anybody who does investing semi-professionally can stack pros and cons of both and balance the weights against each other. These are relative valuations though. Both coins could be worth zero tomorrow, but related to each other there is a large disbalance in valuation. So when you ask who is buying Dogecoin, first ask who is buying Litecoin and why? Because it makes zero sense to buy Litecoin now when you have a better Scrypt coin (better = better in qualities and much undervalued, two main qualities are marketing achievements and activity of community). I believe LTC and Doge disbalance in valuations will not last long, their market caps will be equal, maybe they will be equal at $50m or $100m, no idea, but they have to be, disbalances of the market don't last forever.

Well i am one to say LTC is overvalued. No real world usage. However, better crypto is really a meaningless term, 99% of humans wouldn't care, both LTC and DOGE are faster than BTC, that is all that matters to most people.

I do think DOGE is going to continue this run up though. I am thinking it is going to settle in at 50 million market cap.
hero member
Activity: 654
Merit: 504
sr. member
Activity: 336
Merit: 260
September 13, 2014, 07:10:07 AM
#79
I am not understanding who is buying this coin? Volume is third of all coins, which is a lot... I get the community, but the community in general has no money. So what are any big players thinking on this right now.

I am actually a fan of Doge but more from the standpoint that I don't think the coin is going to go away, not sure if I think this current price increase has staying power.

Dogecoin is seriously undervalued, look at market cap. Either that, or Litecoin is seriously overvalued. Anybody who does investing semi-professionally can stack pros and cons of both and balance the weights against each other. These are relative valuations though. Both coins could be worth zero tomorrow, but related to each other there is a large disbalance in valuation. So when you ask who is buying Dogecoin, first ask who is buying Litecoin and why? Because it makes zero sense to buy Litecoin now when you have a better Scrypt coin (better = better in qualities and much undervalued, two main qualities are marketing achievements and activity of community). I believe LTC and Doge disbalance in valuations will not last long, their market caps will be equal, maybe they will be equal at $50m or $100m, no idea, but they have to be, disbalances of the market don't last forever.
legendary
Activity: 1639
Merit: 1006
September 13, 2014, 07:03:32 AM
#78
How is it that Litecoin miners are not just dumping their doge as they mine it, i am not understanding this run up. I thought it would be the opposite...

They may be dumping it alright, so what? The block reward is low now and not enough to overcome buying pressure. Well, it's too premature to say that the buying pressure is large, because price is rising slowly, but at some point bulls will be stopped for a while.

I am not understanding who is buying this coin? Volume is third of all coins, which is a lot... I get the community, but the community in general has no money. So what are any big players thinking on this right now.

I am actually a fan of Doge but more from the standpoint that I don't think the coin is going to go away, not sure if I think this current price increase has staying power.
sr. member
Activity: 336
Merit: 260
September 13, 2014, 06:55:11 AM
#77
How is it that Litecoin miners are not just dumping their doge as they mine it, i am not understanding this run up. I thought it would be the opposite...

They may be dumping it alright, so what? The block reward is low now and not enough to overcome buying pressure. Well, it's too premature to say that the buying pressure is large, because price is rising slowly, but at some point bulls will be stopped for a while.
legendary
Activity: 1639
Merit: 1006
September 13, 2014, 06:50:19 AM
#76
Dogecoin hashrate spiked from 70 GH/s to 570 GH/s and keeps growing after auxPoW feature was introduced. The hashrate could soon be exactly the same as Litecoin's hashrate as pools can mine both coins without any trouble simultaneously. Which effectively makes all 51% FUDsters shut up. Now that the only advantage of Litecoin is gone, and now that it can never compete with Dogecoin's marketing advantages and huge active community, Litecoin's days are numbered. By the end of 2014 marketcaps of both will be equal, if not sooner.

How is it that Litecoin miners are not just dumping their doge as they mine it, i am not understanding this run up. I thought it would be the opposite...
hero member
Activity: 868
Merit: 1000
September 13, 2014, 06:00:13 AM
#75
Dogecoin hashrate spiked from 70 GH/s to 570 GH/s and keeps growing after auxPoW feature was introduced. The hashrate could soon be exactly the same as Litecoin's hashrate as pools can mine both coins without any trouble simultaneously. Which effectively makes all 51% FUDsters shut up. Now that the only advantage of Litecoin is gone, and now that it can never compete with Dogecoin's marketing advantages and huge active community, Litecoin's days are numbered. By the end of 2014 marketcaps of both will be equal, if not sooner.

Nice, it is more secure then ever.. no more 51%..
sr. member
Activity: 336
Merit: 260
September 13, 2014, 12:37:41 AM
#74
Dogecoin hashrate spiked from 70 GH/s to 570 GH/s and keeps growing after auxPoW feature was introduced. The hashrate could soon be exactly the same as Litecoin's hashrate as pools can mine both coins without any trouble simultaneously. Which effectively makes all 51% FUDsters shut up. Now that the only advantage of Litecoin is gone, and now that it can never compete with Dogecoin's marketing advantages and huge active community, Litecoin's days are numbered. By the end of 2014 marketcaps of both will be equal, if not sooner.
legendary
Activity: 1218
Merit: 1000
September 13, 2014, 12:07:13 AM
#73
It looks like DOGE is breaking out again tonight!

I've got my targets set at 90 satoshi for this run-up!

legendary
Activity: 4018
Merit: 1250
Owner at AltQuick.com
September 12, 2014, 11:35:40 PM
#72
Why any sane VC would invest in dogecoin?

It has potential to replace Litcoin (as number 2 currency) which has approximately the same functionality but less activity behind it. I've already seen examples when businesses start to work with bitcoin and dogecoin and ignore litecoin. And since bitcoin is relatively stable now only dogecoin has long-term (1 year) potential for substantial growth from "noticeable" currencies.

So I'll buy some when price will drop.

*facepalm*

full member
Activity: 150
Merit: 100
September 12, 2014, 10:43:58 PM
#71
Dogecoin community is too strong and committed no way it will go down.
It will definitely go up to around 2-3$ Per 1000 doge Im not so sure if it will cross that price mark but its enough to benefit all shibes and not that far away either as it was at that rate back in February
legendary
Activity: 1639
Merit: 1006
September 12, 2014, 10:37:36 PM
#70
Doge is a fad and is not going to last
However its legacy will last which is the criticality of a passionate, helpful community

quoting you for posterity. My prediction Doge will be one of just a few worth anything in 10 years.
hero member
Activity: 938
Merit: 501
September 11, 2014, 01:10:40 AM
#69
Doge is a fad and is not going to last
However its legacy will last which is the criticality of a passionate, helpful community
hero member
Activity: 770
Merit: 500
September 11, 2014, 01:00:09 AM
#68
Why any sane VC would invest in dogecoin?

It has potential to replace Litcoin (as number 2 currency) which has approximately the same functionality but less activity behind it. I've already seen examples when businesses start to work with bitcoin and dogecoin and ignore litecoin. And since bitcoin is relatively stable now only dogecoin has long-term (1 year) potential for substantial growth from "noticeable" currencies.

So I'll buy some when price will drop.

no just no
member
Activity: 76
Merit: 10
September 10, 2014, 11:28:01 PM
#67
dogecoin is going to down
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