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seems like it might be. As soon as Cryptsy had gotten it on their exchange all the posts and interest seems to have stopped.

TIX 2.0

I don't think it's dying off, I just wouldn't invest in it right now. There are too many new doge coins flooding the market (something like 1 billion new ones a day). After the initial cryptsy bump there was nothing to sustain it's value and it tanked back to what it's real value should be. It's still in the top 15 market caps which is very impressive for a new coin that just tanked. When block mining starts rewarding less coins I can see the price start going back up and take the way of infinite coin.

Even Nxt was in the below 10 position, when it was posted in cryptsy, Now at no. 4.

Wait for a while, before it bounce back.

Nahhhh

 :D

Pretty sure 4chan backing and 'much poor, plz donate, so thankful' memes in every article comment section haven't exactly helped its credibility with potential 'investors.' 

It's close to xmas. The kids are running around all over the place. Give it until Jan. 2nd when people are over the holidays and recovered from their hangovers. :)

Unfortunately dogecoin finds itself in a terrible situation, even if the price goes to 1 Satoshi, it might still end up being the most profitable coin to mine as the hashrate goes down with it. Basically multipool miners are to blame for current price as they only care about trading for btc.

I think this is something that was overlooked by the creator, the problem is the block rewards are currently too high, if it could only be halved right now it would flush out the bad apples aka multipool miners and the coin would be better off for it.

Long term, I think this coin is still a great investment at current prices as I believe BTC prices will go back to its previous highs by the end of next year, it has a lot of love from the community and block rewards will be halved at some point, all which will have a positive effect on the price.

When you compare feathercoin to dogecoin, dogecoin should be trading at +-142 and not the 47 it's trading at. So really the block rewards combined with multipool dumpsters will keep the price where it is for awhile.

you honestly think it's only multipools dumping the coin? and not most of the people on the DOGE pools themselves?

The main purpose of multi pools is to mine the most profitable coin at the time, generally people mining directly from a pool believe more in the coins future despite current prices.

No, on https://www.cryptsy.com, you can see the buy orders are more than sell orders today.

I think it's hard to turn away from mining a coin that gives 500,000 per block and at one point in the recent past (albeit briefly), was trading for 0.01BTC and up.  There is still alot of hope in the community that it will hit the #4 spot on CoinMarketCap again.

I think Doge has a couple more pumps left in her.  Right now we are pretty close to the last low before it had a good run a few days ago (I think it was Thursday).  I wouldn't be surprised if we see another, smaller run in the next 12-24 hours.

Infinite Coin doesn't have the same community belief or marketing to compete with DOGE.

I've never seen so many altCoins on eBay as DOGE:
http://www.ebay.com/sch/i.html?_from=R40&_sacat=0&_nkw=dogecoin&_sop=12

Many people are experiencing Crypto Currency for the first time. This actually helps Bitcoin more than people realize. DOGE is another vehicle to bring people onto the Crypto-train.   Now that's worth something!

DOGE has the potential to be lifted up to all new levels.  All it may take is some creativity on YouTube going viral throughout the social networks and BAM!  :o

Belief is very powerful and it only takes a dedicated few.

please dont compare NXT with any coin. NXT not on any exchange yet.

that buy orders not change. while every day there would be 1B new supply. 41m every hour OR 40BTC.

so you watch. yesterday high price 72. today high price 52.

basically DOGE would need 1000BTC or $650K USD NEW MONEY throw at it daily to keep it at current price, whatever that price is.

I didn't mean to compare doge and InfiniteCoin directly, I just meant the trend would be similar (i.e. slowly increasing in value as mining rewards decrease). DogeCoin at its low is still above InfiniteCoin in marketcap and it's popularity/expansion is pretty unique amongst alt coins. I think it will be a strong future investment, I'm just not sure at what price it will drop to first. Keep in mind there will 100 Billion of the coins and only 11 billion have been mined so far. If it maintains around 40 satoshi it will be at ~35 million market cap by the end at current BTC prices (which would put it in 4th place currently). I think it still has a ways to fall before bouncing back at least in the long term.

Multipool or not, if they dont mine and dump the same amount of individuals would mine and dump themselves. You should be happy for multipools do not mine doge 24/7 like a normal miner would.

45+ BTC buy order on Cryptsy.
Someone can see something we don't.

Are you guys so naive? Doge was a hype. A bubble. It is worthless. Find a coin that has something new. Not another scrypt copy coin that you hope it will go off somehow...

im buying doge for paypal or btc

sell me all your worthless doge

pm me

pump 'n dump

I support datacoin. I believe it is innovative. There are many out there. Peercoin is excellent. Primecoin obviously too (Datacoin is actually a fork of primecoin). Namecoin. Some are coming out right now too. Just dont support the obvious ponzis that came out everyday with nothing new but hype. You will lose most of the times.

Doge is a coin that has the hearts of the community, the community itself will help it succeed. It's becoming the peoples coin but like I did say in a previous post the block rewards are too high at the moment making it also the prime coin for dumpers.

wtf  people are buying them on ebay! I'm never selling them on cryptsy again!

Yes....  Demand. 

The smart money is flowing from Doge to the best one - WorldCoin.   8)

as long as you're selling thousands for pennies it sure does

No, Doge is booming. There are just too many coins too fast - the market can't sustain high prices with so many coins flooding the market.

Once the miners cool down a bit Doge is going to go up like crazy.

Fact : 90% of posters here don't know basic things about currencies.
So funny.

Of course price will drop, since the market is flooded with DOGEs.
Compare coins with apples. Is there demand?  If yes, price will go up highly.
THere's no demand? Price will start dropping.

In this case, there are MANY doge coins. Not many persons interested to buy.
When every miner dumps from multipool and floods the market.
Instead of holding coins and wait 2-3 weeks.

Im sorry to pop your EGO bubble, but you are in fact wrong on your facts and you are the one in your called 90% of posters here who does not know the basics.
Multipool does not autosell and multipool miners are not autosellers. They are just DOGE miners like everyone else in any other pool. They are NOT the cause of price drop.
2-3 weeks holding does not improve the price of DOGE on long term. It is simple logic that you are missing here. Think about it a little and perhaps you understand.
Initial demand for DOGE came from hype. Now its correction time. Price falls to normal level simply because DOGE is no "jackpot for everyone" but instead it is just another coin.
However. DOGE has big potential to become great coin!
What DOGE needs is all kind  of advertising and Shops and Services to start accepting DOGE as payment.
Only then those tasks are accomplished the value of DOGE will start rising over the any other popular altcoin. Why? Simply because holding DOGE becomes more meaningful. At the moment DOGE is nothing but hyped coin which has no other purpose than trading for profit.

---
One more thing i would like to add to DOGE owners to undersand. We are around 1/4 from block reward being halfed. If you  are sitting on millions and you do not have to sell to pay your bills, then hold. In two months time you will get at least double of current price.

DOGE is the best currency! I belive in DOGE's!!! :)

Buy and HOLD my friends! ;)

Kisses :-*

I hate doge, but  I'm gambling on it rebounding - no way should you sell at this price

I've watched it steadily slip down and there has always been a 1btc buy order or similar waiting to be served.

doge is fundamentally valued at at most .00000030

that's why this.

it may or may not increase later. if it does, its because it has fundamental value. currently people are just bad at math. .00000030 is what its worth as one of the many altcoins available for mining.

theyre all worth the same.

welcome to the altcoin bubble.

That's quite a Mr Spock analysis

The value of doge was created by the constant doge propaganda and self-deprecating humor.

Doge was a brand, and that brand can still be used.

If the doge team has dumped, then doge of course goes nowhere.

But I think they have cards left up their sleeves.

We'll see.

Yes it will die of sooner or later, maybe it will survive for a few more months. I like doge and I think doge did good for cryptocurrencies by getting new people interested in cryptocurrencies and by showing the people who're longer in this game that the most important thing for a successfull altcoin is marketing. And I liked how it was mocking crapcoins and their follower by getting bigger than them.

my ego inflates as a result of spock comparison. ridiculous posts about how im smarter than everyone will continue. still im poor because I just started and I mine only new alts with pure greed. i, as all of you do, wish only to become super rich with no work whatsoever. i will take this money from wherever it may come. if its from babies milk funds, i will take it. if i could take all the money in the whole world, i would, just like you all. only difference is i admit it and accept it.

spock undoubtedly would have jumped on the altcoin markets with his vast intellect and 0 emotion. its clear we all should buy in and hype hard. we can sell our bubble to the next morons who think they will get rich for no work and no money.

this may even be true of them who buy our poorly thought out investment bubble. the point is, this is a bubble and its probably already overvalued. spock out.

over hyped and over priced  ;D it might be the biggest pump and dump in history  ::) The way some manipulate the price on coinedup doesnt work on craptsy lol

u will be scammed. they will dispute from paypal.

its a high risk.

Spock would be a poor person to judge the emotional reasoning for selling X at price P. So he would ultimately fail, left holding a bag of XPM or something.

Donald Trump would be better. Hype it up, lie about your (real) wealth get a gang of sycophants to do your bidding.

DOGE is EGO'D spelt backwards!

So egotistical. So cool. So hamburger. Ceilingcat is watching!

Grumpycat, of course, remains grumpy. But that, surely, is to be expected?

-MarkM-

The price will rise again!

I think the price will be down for 1-2 week before it rises up higher

Was greedy, should have sold dem coinz @ ~xxx(dont know how many 0 xD)200

I think 0.0000005 is the lowest, how can it be down?

DOGE is totally dead. Sell now.

I promise my buy order isn't set at 40 Satoshi.

Because there's still so many coins left to mine and the block reward hasn't changed. So the market is just becoming saturated with doge. If a resource is so abundant and available, of course no one is going to pay much for it because they could just as easily get it themselves or buy it at a cheaper price then the market price. When this coin starts becoming harder to mine and to find, then naturally the price will go up.

i trust to doge. it will be rise up again.

I have nothing against Doge but you have to understand that its relative success is due to a hype of total noobs mining and buying it with no idea of what they are doing and no knowledge about cryptocurrencies.

It may not die but it will probably go much lower really soon. Remember, every hype is followed by a massive drop. Experienced traders are gonna suck your wealth really fast.

Do not invest in it if you don't know what you are doing.

https://i.imgur.com/mJg08Sj.png

https://i.imgur.com/VKppLyP.png

there are very interesting buying offers now.

78 btc , 64 btc  ???

someones are collecting doges.
the question is : for what.

I think a new pump is coming !!

What happens if DOGE is just one big PUMP and DUMP, will it ruin the reputation of all crypto coins ?

Only time will tell I suppose, I am in with a few 100K DOGE, just for shits and giggles.

I wonder if we will ever see GAGA, BIBR or RIHA Celeb coins ?

I don't think the people who are buyers of Dogecoin have enough BTC to keep on buying what the miners are selling.

In this early stage of a coin, the price has to start really low for it to make any sense as an investment.

People that buy DogeCoin as an "investment" can't have many functioning brain cells :(

Once the miners cool down????

Do you realize that the mint rate is the same regardless of the number of miners?

"gambling on it rebounding"???

Have you ever heard of "supply and demand"?

I see it: Another sucker separated from their bitcoin. Enjoy your MEME coin! If anything has lasting value, it's a meme...

It's consolidating. But, even if it dies off, it will get pump and dumped at some point because DOGE is now highly recognized in the cryptomarket. If it gets really cheap, I'll buy a few myself (nothing major, but $500 could turn into a lot during a pump). Right now I'm just sitting on a stash that I mined for 2-3 days very early on. I don't plan to do anything with it for a long time.

why a person hates from a coin?

i ve never seen that coins gonna kill ppl! lol

I agree with you that Doge is very popular.   The problem however is the price,  as you mint more coins,  the price goes lower.

There are too many coins!  500,000 coins are minted every block!  It does not matter how committed the buyers and holders are for the coin, there are just too many coins to sell.

Hey,  I'm a DogeCoin miner and all I do is autosell to BTC.   I have no motivation to see it tank since I'm a seller,  but I am being plain and simple honest with you folks.    Even though it appears that there is a lot of demand,  there's just too much supply.

So when does this coin become 'harder to mine'?

Appears to be a very long time from now.

Exactly,  it's a meme... doesn't have long term staying power.

Two weeks from now, another meme will take over, meanwhile there will be still like 500,000 coins minted ever block.

Just for reference:

Block 1-100,000: 0-1,000,000 DogeCoin Reward  <-- WE ARE HERE (24,470) !
Block 100,001 — 200,000: 0-500,000 DogeCoin Reward
Block 200,001 — 300,000: 0-250,000 DogeCoin Reward
Block 300,001 — 400,000: 0-125,000 DogeCoin Reward
Block 400,001 — 500,000: 0-62,500 DogeCoin Reward
Block 500,001 - 600,000: 0-31,250 DogeCoin Reward
Block 600,000+: 10,000 DogeCoin Reward

There have been some block with close to 1 mil coins  8)

500,000 is the average since it is random.

Then I guess maybe you ought to be able to get about ten DOGE per DeVCoin, since DeVCoins only mint 50,000 coins per block.

So buy them up anytime anyone will sell you more than ten for a DeVCoin and in the long term you should do okay maybe, unless it lacks DeVCoin's staying-power.

Oh wait, difficulty. GRouPcoin mints only 50 per block yet no one buys it at 1000 DeVCoins per GRouPcoin yet, largely because its difficulty has not caught up to DeVCoin's difficulty yet, even though everyone knows that in the long run it makes sense that GRouPcoin is a 1000-DeVCoin-piece.

-MarkM-

those buy orders as few as there are are for big amounts, while the sell orders are quite small.

That might be because one buys billions for (if possible) a satoshi each, then posts sell orders at every satoshi of price on the sell side, so you have a billion "sell one coin" orders at a billion different prices on the sell side for each billion coins you buy on the buy side.

Or are you looking at the total depth, the entire pile of sell orders all the way up into stratospheric prices (including those that people aren't bothering to type in on any exchanges yet due to current going rate on exchanges being way down in the less than a thousand satoshis per coin range) ?

-MarkM-

Well,  clearly there a lot of folks buying Dogecoin.

I think the buyers are brain dead,  but I can't complain.  I'm happily mining Dogecoin to sell to them.

On cryptsy you have:

0.00000051   18.71053455 BTC
0.00000050   64.23634161 BTC

That is a ridiculous amount of BTC to spend on a coin that has only been mined for a bit over a week.  What happens in 1 month,  6 months,  2 years?

It is just surprising how people can't really see which coins are worth investing in long term and which ones are not.

it's on it's way out. I think IFC and COL are worth more at this point. hell, it's gone straight down since it listed.

Those bitcoins seem to me very likely to be merely a giving back of a part of the "take", rather than actual "investment", since yesterday over 80 bitcoins were spent on DOGE on Vircurex and today we see less than 80 bitcoins buy wall. The difference between the number  of bitcoins the buywall-placer sold DOGE for yesterday and the number of bitcoins in the buywall might well be their take-home profit for the day.

Meanwhile that buy wall has likely lured many wannabe-buyers into paying 51 or more satoshis for DOGE that the wall bought for 50.

Bear in mind that the wall causes the coin market cap site(s) to show a high market cap for DOGE, leading to people who just blindly buy whatever is near the top of the market cap sites running over to an exchange to buy DOGE for more than the wall is buying them for.

-MarkM-

Why would the seller buy back?

could be someone with a large numbers of doge , and it does not want that they lose their value, so he created a buy wall.

So they don't have to waste their precious electricity, limited as it is by the amperage the power lines into their house or datacentre can supply, on crapcoins they can pick up on exchanges cheaper than they can sell them on exchanges?

I didn't bother mining DOGE for example, why would I when I can pick up millions dirt cheap on the way up sell them higher up and pick them back up again cheap again on the way down, leaving me with as many or more than I bought initially plus a bunch of bitcoins of profit?

-MarkM-

COL dev is leaving his project, so I'm not sure if this coin has bright future.

https://bitcointalk.org/index.php?topic=279601.msg4097322#msg4097322

it was an example, IFC and COL are 2 of the lowest value coins on the market, but DOGE is worth even less

It is supposed to be worth less, that is the whole point of having a large number of coins per block.

It should be worth about a tenth of what DeVCoin is worth; don't pay more than one DeVCoin per ten DOGE and you should be fine, IF they support it and promote it and keep plugging away at it and building things around it and so on as long term doggedly as the DeVCoin folks do for DeVCoin.

If they abandon it, well fine, it is in Vircurex fergoshsakes, do you think all the "reputable" coins that managed to convince Vircurex to list them are likely to let a coin on Vircurex die a horrible death if they can find any way to prevent it? Think how much value all those coins will lose if Vircurex starts being regarded as just another scam-central, leading to folks thinking all the other coins there are probably also scams?

-MarkM-

Just to clarify for people who may not know

Buy and Sell orders you see are the sum totals of various peoples orders. It's not just one person buying 50 BTC of doge, it's many peoples orders to buy or sell at whatever price it is.

Just in case someone doesn't know this already lol

Vircurex tends to list based on hash rate.  Dogecoin is like the 3rd or maybe even 2nd most mined scrypt coin.

So, it does mean it has a lot of support.   All I am saying is that the price will go down in the short term,  there are just too many coins.  Now if the marketcap remains the same, that would be an amazing feat!

wait some months, then its dead.

Lots of money getting thrown around on DOGE.

Consequently, price movement will be very constrained.


Take some of that BTC sitting on the buy side and buy something like GDC.

GDC can easily go to 2000 from 300. A big gainer. Doge might go up 5.

 Looking at the market in depth, also i believe most experienced miners of this coin have chosen to keep the coin as a long term investment, I know i have, most that have sold have sold out of panic for the drop in price, Hopefully long term will pay much higher rewards, always a risk but well worth taking on this coin.

Holding the one coin that has over 50% of the hashpower makes a lot of sense, and even holding both of the coins that have 50% each makes a lot of sense, It is when you start to think about holding a third coin that it goes way downhill real fast since of any three it is a mathematical certainty that at least one of them has less than half of the hashpower.

So if DOGE was adopted to replace the one that had previously been number three or number two that would make sense. Just keep de-listing whichever of three is the one that had less than half...

But so far Vircurex has not dropped any, which leads to worry that simply by doing a quick hype yet another could get on there, and over time more and more no longer anywhere near half the hash rate coins could end up accumulating so it'd gradually accumulate more and more crap...

-MarkM-

Feathercoin V2.0, IMO.

You miss something:
We early miners have:

Millions of Coins!
Sold a few percent and made a shitload of cash (or bitcoin/litecoin) for doing nothing!

We can wait with a few million coins. Even if they go to zero, the coin was 10-100 times more profitable than anything else during the first days.
In case the price rises again, I'll dump all remaining coins.
TY for the extra bitcoins for doing nothing else than point my mining rigs @ doge  ;D

Yep, with bonus meme! ;)

i think DOGE already died

it was just a bubble in my view

Someone is selling 590 millions doges @89 now on Cryptsy  ::)

the formation of Doge Road is on it's way, this will blow doge to the moon!
:)

Interesting analysis, we shall see....

yep its dead  :P

The coin that has one of the largest amount of Volume traded on Cryptsy is dead. AHAHAHA.

So many peeps having so limited view, or just blindedby their emotions. I look only statistics and i see huge potential. DOGE is by far the most succsessful alt coin in current time frame. and it will become even greater in future.
Whoever says that DOGE is dead is a hater, stupid or blind.

So  big volume and still 80 satoshis. What will happen when the volume a bit sinks... Hm? Yes, there will be a big dump and sellout.

Look at the history of ADT and you will see the future of DOGE.

this discussion has 2 camps:

people with lots of dogecoin

people without dogecoin. 

go doge go! will meet on da moon

Rofl

Dont forget people almost without dogecoin who have already left the train going to hell  ;D

Like when it hit 43 and went up to 130? Go somewhere else with your doomsday predictions, it's getting boring.

They just mad.

Okay don't believe me, try IFC.

I wish that just optimism was enough to make the price of a coin continue to rise, but unfortunately it is not.

Miners mine and continue to dump their coins, especially those mining that don't have to pay for electricity.

The huge hash rate on this coin is killing it.

It is all profit, mine and dump and make a lot of cash.

haters gonna hate

same shit every time, there is a new train and they will miss it, they blame the coin lmao

When someone misses the train there is only one option - DONT buy when missed. If it will do all who missed the train, the train must run out of steam. No  buyers, no train.

And missing a train and jumping out when price peaks are 2 different things. I will make rebuy but not now but when the huge sell walls at Cryptsy will melt doges value and make fair price around 10 satoshis.


There are 2 camps - those who bought over 150 satoshi and those who didnt.

Well fair price seems vaguely, off-hand, 1/10th of a DeVCoin or thereabouts so yeah if fair price for a DeVCoin is 100 satoshis 10 ought to seem fair for a DOGE.

Mostly it is just a matter of can the folks who are buying low and selling high keep the lowest satoshis of price stacked high enough with buy offers to gobble up each day's minted-to-dump coins?

Shouldn't be a problem if Ceilingdoge really exists, backing/upholding his currency, since all he has to do is recycle coins sold high into coins bought low. Also known as using what the coins are sold for as "reserves" with which to "back" the currency.

Everyone knows Ceilingcat and Santa are real, so why not CeilingDoge and the Easter Bunny too?

-MarkM-

The problem is:

Doge has nothing new. And a meme gets old very quickly. It gets really annoying.

Litecoin was something new, different. Quark was something new. Dogecoin, Catcoin, Kittiecoin, Hotcoin, Earthcoin, ... all are the same.
The same codebase, just a few parameters adjusted.

Miners like me jump on this coins to make big profits during the first days/weeks and then dump after the coin hits an exchange. Go to the next coin and repeat.
I don't care about the buyers. I just want more return than mining litecoin. Simple as that. And all with rigs bigger than 10 MH/s think the same. It's about profit, not believe. We don't care about the future of a coin, we care about the return. As long as the return is much bigger than the electricity cost, we will mine the shit out of every crapcoin.


I dumped 50% of my Memorycoin 2.0 earnings. I mined less than 1 day on release day -> return nearly 1 bitcoin!
For what? Doing nothing. Somebody has to lose money if I earn something. It's not fair, but it's the same with every altcoin -> scam some newbies.

Quark has something new. Lel.

If the doge won't come to moon then moon must go to the doge.

It is still a scam, but the codebase is completly different. Watch yourself. But probably you can't even code...

clone of primecoin

This is what I initially expected to happen with DOGE.  It would collapse as early coins were sold by miners on exchanges.  But it's on three exchanges now and has recovered from one nasty drop from 100+ satoshi to 40 and now back to 90.

The coin has a lot of support for an alt and has surprised me so far.

Yeah we get it, you are not Celingdoge and nor are most miners.

So what? Either Ceilingdoge upholds his currency or he does not, you migrant miners aka blockchain-gangbangers are just minor annoyances any blockchain based currency has to be ready willing and able to withstand.

-MarkM-

Thats the spirit! Doge can haz moonz! Kennedy would be proud of you.

How many moonz you want with thoze?

-MarkM-

funny thing is that he put quark as a good coin trololol

"quark was something new" yeah was the first instamined crap, that's was new for sure lmao

Doge won't die because: COMMUNITY

and then there is

CHINA.

all those shitty altcoin are here because of asic, blame it, they made bitcoin mining centralized

btc mining should have stayed with gpu

also people are really mad cuz they have missed the btc train

No-one has missed the bitcoin train.

You can still pick up bitcoins for less than a grand apiece fergoshsakes even this very day! Get real.

-MarkM-

ops i mean the btc mining train

ASIC has not made Bitcoin mining centralized at all, it's just that so many people actually know about mining now that the competition makes it impossible to mine as a get rich quick scheme.

Putting together a good GPU rig back when difficulty justified it cost just as much if not more than an ASIC unit today.

That is what merged mining is for. There are still people trying to avoid the CoiLedCoin and GeistGeld trains, and the GRouPcoin train is only barely starting to get up steam.

We don't even know yet how many chains can realistically be merged into one merge because of the shortage of chains to try it with.

(And the failure of so many miners to merged mine, and the failure of many merged miners to actually merge all the coins.)

-MarkM-

Nothing can overcome the relentless raping and dumping of the botnets, etc. All coins nearly die from it. Quark was no exception.

There are 2 differences between Doge and Quark.

First, Quark has already been raped and dumped for months. Doge is new and has to go through this phase. This will drive the price of Doge down down and yes down.

Second Quark's distribution is different, nearly all of its coins have been minted, there can be no more raping and dumping. Doge follows the old distribution where it will be profitable to rape and dump for many years to come. This will limit the price of Doge for a long time.

Psst dont say it too loud, sheeps may read that  ;)
And its not about doing nothing, i must read shitloads of useless topics until i find some reliable informations like: where are new coins, how to mine them as fast as possible and how big is its community (and at what price to sell, its the hardest thing to predict, selling too early or too late = kicking into head).

gpu would have taken many years to rise the difficulty at such level

True except for the impossibility of getting rich quick. One can still rake in CoiLedCoin and GeistGeld hand-over-fist and might even have a full year to do it still like the BBQcoin folks had to CPU-mine BBQ before the masses caught on and those CPU-miners got rich.

-MarkM-

Dogecoin, an alt-coin that hasn't been around even for a month yet was mentioned by the Reserved Bank of India (warning letter )  http://rbidocs.rbi.org.in/rdocs/PressRelease/PDFs/IEPR1261VC1213.pdf?a

This is impressive that such recognition can occur for a coin that's only been on a few exchanges for days.

Why is there such attention drawn to Dogecoin? Becaue Dogecoin has what NO OTHER coin (including Bitcoin) has. Read on...

                            DOGECOIN WILL SUCCEED BECAUSE IT POSSESSES "CRYPTO-PATHOS", SOMETHING THAT NO OTHER COIN HAS

A few days ago I was driving my daughter to school. She’s aware of my interest in crypto-currencies since I’m usually rambling on about Bitcoin every now and then. I mentioned to her about a new coin called Dogecoin and when I mentioned its origins to her, the first response I got was a smile and then a “for real”. She knew about the meme and the 2013 award, but not about the coin. Her smile got me thinking and reminded me of a course I took a few years back.

Just a little background:
I have always aspired to hold a specific elected office in my City (NYC) and in preparation I pursued my Master’s in Public Administration at Harvard University (Kennedy School of Government). Most of the courses that I took were extremely interesting and centered around policy and politics of course as well as a few courses on public speaking, running campaigns, organizing groups and even one called “The Making of a Politician”—which actually prepared you for office. But by far, the most interesting course I took at the Kennedy School was one that was very difficult to enroll in. This course was called “Persuasion: The Science and Art of Effective Influence” and was taught by Dr. Gary Orren. http://www.hks.harvard.edu/degrees/teaching-courses/course-listing/mld-342

Students from every Harvard school (Gov’t, Law, Education, Divinity, etc.) had to essentially use a bidding system to enroll in this course. Students from M.I.T. were also permitted to enroll in this course. I had saved my bidding points from the prior semester because I had heard that this was an exceptional course.

On my first day in class Dr. Orren gave us an overview of the course and what to expect. During his presentation he mentioned that many years back a young man named Barack Obama sat (pointed to the seat) right near the middle of the class room and took the same course. One of my classmates leaned over mentioned that President Obama had once said that this was one of his favorite courses while attending Harvard. When making speeches, President Obama often follows the models taught at the Kennedy School (his lead speech writer – Cody Keenan is also a Harvard Kennedy School graduate). I’m just trying to reveal how truly impressive this course was, but I think I’m rambling on. Let’s get to the point.

So in this course in addition to several other things, we learned that in order to persuade someone to agree with you, do it your way, follow you, move in a direction you desire, etc., (important in the politics & policy world) there needs to be three elements that form a foundation; the logos, ethos and pathos. Aristotle was the philosopher who put forward that idea. Rather than dig out my notes I’m going to cheat and cut and paste descriptions of the three elements. These descriptions were found on a webpage http://courses.durhamtech.edu/perkins/aris.html

Ethos (Credibility), or ethical appeal, means convincing by the character of the author (or of the crypto in our case). We tend to believe people whom we respect. One of the central problems of argumentation is to project an impression to the reader that you are someone worth listening to, in other words making yourself as author into an authority on the subject of the paper, as well as someone who is likable and worthy of respect. Crypt-currencies have established their Ethos, we know that it is legitimate. We believe in it.

Logos (Logical) means persuading by the use of reasoning. Giving reasons is the heart of argumentation, and cannot be emphasized enough. Crypto-currencies are logical to user over other payment methods for a variety of reasons.

Pathos (Emotional) means persuading by appealing to the reader's emotions. Language choice affects the audience's emotional response, and emotional appeal can effectively be used to enhance an argument. Excluding Dogecoin, all other Crypto-currencies lack Pathos.

Now finally to my point:
When I speak of persuasion going forward, what I am speaking of is the ability to win over people and get them to engage in the use of a crypto-currency. And I’m not speaking of the IT person or other tech savvy individual who is most likely well aware of crypto-currencies. Instead, I’m speaking of the average person.

If we examine Bitcoin, Litecoin and the myriad of other cryptographic-currencies we can see that they definitely contain two of the three elements needed to be successful in persuading someone to “agree” with them (use them). The two elements that Bitcoin and alt-coins possess are Logos and Ethos.
Crypto-Ethos – I don’t think that I need to go too much into this. But if you understand crypto, then you’ll know crypto can be trusted. Crypto is trustworthy, you can believe it.
Crypto-Logos – if you have a basic understanding of how crypto-currencies work, then you’ll understand the logical benefits that it can offer. Credits cards weren’t meant to be used on the internet and the 21st century needs a new form of digital currency and crypto is the answer.
So to sum things up, there are logical reasons to use crypto-currencies and crypto is trustworthy.
The Crypto-Pathos is missing though. (until Dogecoin)
Most people that I know who currently use crypto-currencies aren’t drawn to it by emotions. Instead, they understand its financial utility which is based on its logos and ethos.

The IT world and entrepreneurs who understand crypto-currencies are only a very small group, so how could you engage the masses to use crypto?

The answer to that is to create a crypto-currency that has all three elements to persuade them to use it. And along came Dogecoin. Let's look at it from another perspective ---- Real Wrestling versus WWF Wrestling (now WWE Wrestling - fake on TV). Which one of these draws a larger audience? WWE Wrestling of course. We all know (well most of us) that it's fictitious, so why then does WWE Wrestling draw millions of viewers from around the world, as opposed to real wrestling that's just plain boring? Because WWE (fake wrestling) with all its drama, has the emotional appeal that can move an audience to want see it more.

Every other Crypto is like real wrestling - gets the job done but is basic and boring. Dogecoin also gets the job done, but brings a flare to the technology that a broader audience can embrace through its emotional appeal.
With Dogecoin, there is a story to tell. One that can make you smile. Excluding Bitcoin (the father of all Crypto) what coin has a story to tell the audience that is emotionally appealing (make you smile, laugh, cry, etc.) I love Litecoin but what story can it tell an audience about itself other than the technological aspects of its use?

Like Bitcoin and other crypto, Dogecoin has a burgeoning community and its acceptance is growing. It has a language all of its own. Dogecoin has the emotional appeal that can and will attract the masses.

Dogecoin is a pioneer in its use of an emotional appeal to attract a larger audience and its success won’t be specific to itself. Similar to how Bitcoin paved the way for other crypto-currencies to follow, Dogecoin is paving the way for others to follow as well. Dogecoin is Bitcoin 2.0.
There will be many other coins to follow in Dogecoin’s footstep that will utilize all 3 of the elements necessary to motivate non-tech people to embrace these types of currencies and I think that Dogecoin is off to a great start because it possess all of the technological aspects of Bitcoin but has the ability to make the average person smile. Can any other crypto-currency do that?

TLDR: (This TLDR was written by Mattopia from BitcoinTalk)
We use dollars, euros, etc because it's the financial instrument we are given. You need a compelling reason to "buy into" a new idea or concept, particularly one so different than what we are used to. The utility is easy to understand, but the "Crypto-Pathos" might just be the added warm and fuzzy that will nudge to general adoption of a coin - be it Doge or whatever. Any current digital currency is unlikely to become a primary, mass-adopted currency in a sea of them as a default. No government is likely to embrace and adopt them, but the masses just might.

Pathotic. ;)

-MarkM-

No, Quark has its unique algorithm (different from Primecoin, although they both claim CPU mining). Many coins are cloning Quark.

Quark's "unique algorithm" basically consists of throwing as much feces as you can at the wall and seeing what sticks!

Seriously, 9 rounds of hashing 6 different algorithms may sound impressive on paper, but it does not solve either of the two stated design goals in reality. For example, the supposed resistance to FPGA / ASIC implementations is a complete fairytale, because nothing about the proof of work imposes a tradeoff due to memory bandwidth constraints whatsoever. The FPGA / ASIC resistance basically comes from the fact that nobody actually cares about Quark!

http://bitcoinmagazine.com/9109/will-dogecoin-replace-bitcoin/

Just read this article, autor says for DOGE (or any alt) to survive and live it needs:

- gambling sites
- community
- devs
- black market
- a DogeCoin Jesus

Doge has lots of gambling sites, already the biggest altcommunity. Look how jealous these LiteCoin fans are already.
Doge has devs dedicated to the coin and more people comming in an sending in patches on GitHub.

A Doge Black Market is already announced (see Doge Road thread), so the only point that is missing is the DogeCoin Jesus.


How could it be?

It might make their own ASICs expensive to design and manufacture, maybe, but I guess in the process they'll need to find or develop intellectual property for making ASIC circuitry for a number of different types of hashing, so maybe their ASIC development arm will make fortunes selling ASICs for all those different types of hashing to other people who want to start up a coin, so that it will no longer be necessary to launch a coin that uses a hashing not used yet before having ASICs for mining that coin already hitting the retail stores the same day the coin is launched or, maybe better, a day or few before the coin is launched.

"Get ready to camp in line outside The Source consumer-electronics shop folks, Good Friday the ASICs go on sale, Easter Sunday the key to decode the encrypted genesis block included with the source code goes on sale! Those of you buying pre-compiled clients, your client will decrypt the genesis block automatically as soon as you tell it the key!"

-MarkM-

I dumped all my Doge right after I mined it. This coin was a joke from the start. I feel bad for people who are actually buying in to it right now.

Yeah, what ever. ::)

most of the multipools are spending a significant amount of their days hashing dogecoin.  for the past week, dogecoin has been in the top 5 in terms of profitability.  If you are not mining/transacting dogecoin you're making less than you should right now. 

I am not as rich as you, so i have to mine the most profitable coin. 

I'm mining Earthcoin, Worldcoin, Sexcoin & Casinocoin at the moment. I think they hold the most value for mining currently.

i happen to think that dogecoin currently has good return for my hash rate.

we just differ in opinion as to what to mine.  no reason to 'feel bad' for people that want to mine or own dogecoin.  

To each his own. If you are mining and dumping coins each day for BTC or LTC I understand why you would want to mine Doge. For me I like to mine coins to support their growth and longevity because I believe in their potential.

And yet you pick a bunch of doomed losers?

Well maybe not. Are they all using the same type of hashing so that even just among themselves the fact that there are three or more of them means you know with absolute mathematical certainty that at least two of the four must, necessarily, have less than half the hash-rate?

Or are they using different forms of hashing to secure themselves, so that you have picked, from each type of hashing, the coin that you believe will have the highest hashrate among coins of that type?

To me at a glance with my poor recollections of the details of each (due to my initial examination of them long ago having caused me to add them to the "crapcoin" category), it looked like maybe at least three of them all use scrypt, therefore that at least one of them mathematically must have less than half of the scrypt hashrate?

So what are they, the number one hashrate, the numberr two hashrate, and the number three hashrate?

I doubt it because none of them are on Vircurex, and I think the three or so on Vircurex include some of the highest hashrate ones.

So how do you plan to secure even one of your picks? Buy more scrypt ASICs than almost any normal person, basically going into the busienss of being a massive major scrypt-ASIC-mining farm? Dedicated to securing one of those three or four coins?

Or do you plan to switch your super-massive scrypt mining farm to any other coin any time it looks like you'd make more profit per day gangbanging some other chain than spending all your electricity trying to secure whichever one of your current picks you end up deciding is worth dedicating such a huge farm to?

Or what?

-MarkM-

[/quote]

What are your expectations for dogecoin ?

I don't think longevity is necessarily an issue if you have a proper exit strategy for short term investment.  not all investments are to be held on to the bitter end; that strategy would end up costing a lot of money in the long run.  

know when to hold 'em, know when to fold 'em.  

Scrypt ASICs if anyone actually wants to secure the thing; then, not an expection but a how to that maybe no one will bother with: upholding the exchange rate as described earlier in this thread or the other DOGE thread that has been bumping to the first page all day.

I do not have enough capital myself to do Ceilingdoge's job for him; I still do not have enough lowball buy offers on the DVC/BTC orderbook yet to absorb all 200,000,000 DeVCoins minted each month let alone all that have already been minted, and even once that is done DOGE might not necessarily be the next coin I will be supporting in that way. (For one thing, it is not part of the merged mined family; for another DVC is only one out of seven child-chains in the family so there is lots left to do just to support those...)

By then maybe we will see which scrypt coins are able to merged mined as primary chain and which of those can only be primary, and which are able to be child chains; and which are the two most difficult scrypt coins since number three is guaranteed to have less than half the hash-rate so maybe only the top two are all we need (why would we need one that is definitely less than half, except as the one to de-list to tidy up an exchange to keep it listing only the best coins? I am still wondering how long it will take for Vircurex to figure out which one to drop to make room for DOGE, hoping it is not going to just keep adding any one that manages to temporarily jump to number two or three thus end up full of junkcoins like all the scam-central exchanges that specialise in picking up each day's new scams...)

-MarkM-

Im sorry for quoting this, but those are exactly my thoughts as well. Nice post Pangia!

Sorry, thats just to funny ;D

No, DogeCoin will raise more then ever hehe

imo,some people buy, some sell

quit comparing coins to devcoin. and why are you writing DeV

fuckin noobs.

You're more delusional than religious people. DOGE has potential and that's it ... stop acting like it's future is certain.

A few days into Dogecoin, I was convinced it was going to fizzle out as fast as it started, however, I'm no longer so sure. One of the funny things about it is how quickly the ecosystem has grown without anyone pulling the strings, and without any instant financial incentive for the participants. The difference between Doge and other altcoins in this regard is striking.

Other altcoin devs have to offer bounties for official websites, pools, blockchain explorers, gaming sites, exchanges, etc. With Dogecoin, all of this stuff just appeared instantly due to community enthusiasm, way before it was even trading for a single satoshi. The same with the media coverage it has garnered.. other altcoin communities are having to fund press releases, promotional coverage etc. Doge, on the other hand, strolled his cheeky way onto Bloomberg TV, the pages of Business Insider, etc with a flourish that other alts could only dream of.

People also forget that Bitcoin spread initially as something of a meme itself - that of presenting an alternative to the crony-capitalist system we all live under, a new, cheap way to send funds P2P.

I'm not wedded to the idea that it might take off, but I've also been kicking around these forums long enough to have seen a few hyped alternative cryptocurrencies, and I've never seen anything hit the ground running like Doge. It's an interesting social experiment in what happens when memes collide - the very 21st century meme of alternative banking, and the very 2013-specific meme of Doge - and so far, it's been a pretty damn successful experiment.

Memes don't really last that long. Every meme has a peak in popularity and then a decline. Gangnam Style doesn't get many views these days.

I had purchased several mil DOGE on the first day and cashed out close to the peak at ~0.00000200. Feels good man.

I would bet all my BTC that if you cashed out from DOGE to BTC right now you will make a better return one year from now than if you hold DOGE.

Wait. Do i understand you correctly that you want to bet that right now DOGE costs more than in one year from now? How many BTC you have? Im will take your bet if you are serious about it.
I will bet same amount of BTC against  you and i claim that DOGE will cost more in one year time from now. Im willing to bet up to 100 BTC. Thats about all i have right now.

Its not a bet that DOGE will not be worth more than it is now.

It is a bet that X dollars/yen/whatever put into bitcoin instead of into DOGE will be worth more in a year than if it was left in DOGE.

(If you sell your DOGE and buy Bitcoin instead or in other words sell your DOGE for Bitcoin, it will be worth more in a year than if you left it as DOGE.)

Presumably the worth more part is the confusing part, as it seems to mean worth more dollars, or worth more loaves of bread, or worth more hours of minimum wage labour, etc etc rather than worth more bitcoin or worth more DOGE.

(Measuring in "hours of minimum wage labour" would be fun though as who knows, minimum wage might change...)

-MarkM-
 

Oh right. Thanks for explanation.
So its BTC ROI against DOGE ROI starting from now. That bet is definately more risky, since BTC is quite low at the moment. It can easily rise to 1200$ in no time.

Exactly !
BTC is still relatively low while the DOGE hype have passed.
BTC ROI win over DOGE ROI.

Dunno about in no time, it is totally weird how long something somehow keeps suppressing Bitcoin exchange rates.

It should have been way the heck higher than $1200 long ago, the assets you can see climbing way the heck above Bitcoin in the plots and tables at http://galaxies.mygamesonline.org/digitalisassets.html ought never to have been able to catch up with bitcoin let alone rocket way the heck up past Bitcoin but I have never been able to figure out what the heck kept crushing bitcoin's value.

How can anything or anyone crush its value for so damn long?

-MarkM-

How do you determine that doge's hype has passed? Because theres not 100% topics on the alt currency page? No ones writing articles online about it because everyones on holiday for 2 weeks.
Drop by reddit and youll see there are masses of projects being worked on right now - theres only so many 'to the moon' posts people can put up on a daily basis - it has to subside to some degree but that doesnt mean its hype has died down.

I also dont agree with those that say the coin has to die when the meme dies. The meme was a great way to gain attention and grab a foothold - but i see no reason why it cant rebrand the coin at a later date to give it a more 'adult' presence in the market if needed; but that doesnt need to happen anytime soon. Really the only thing you cant change with the coin is the name - thankfully though 'doge' isnt even a word, where as something like 'cat coin' or 'junk coin' are just flat out fucked imo.

Its an acronym. Maybe something like DIgital Oversight for the Global Economy or whatever.

All governments' expenditures, tax income etc etc can be all out there in public for the public to oversee...

But don't tell them that yet! Pretend its just a silly internet meme for now...

-MarkM-

No. Thats not what i was saying. I just say that they are quite equal what comes to ROI. I still prefer holding DOGE over BTC at the moment. Heck, i even hold WDC over BTC right now.
I leave all emotions out of the "trading game". My decisions are based on calculations wheres my personal preference is not included as a variable.

This hype only came from a (stupid) meme. This is what made the coin valuable : a horde of lol-people buying it blindly for the lulz. It is hard to take this kind of coin seriously and it doesn't matter the quantity of giveaway and pool.
It has already been made in the past but most of you where not into crypto at the time.
Have a look at the list under THE PURGATORY and DEAD / DYING (https://bitcointalk.org/index.php?topic=134179.0).
This list doesn't even have all of them. Anyone can create an altcoin, there is infinity of it.

Maybe you're right on the fact that the hype is not over but then what ?

No-sayers.
You are greatly underestimating the quantity and power of young and teenagers who like this coin and can pressure their daddy´s real money wallets a lot. DOGE is still a puppy in virtual currency world. Very few people know it despite all the media attention. It will need time to grow.
You are also underestimating pure facts that this coin is still by far the most popular altcoin in google trends.
And finally you are underestimating the fact that theres already a lot of of code written and lot of work done voluntarily for DOGEcoin. This amount grows a lot every day. As a result DOGE will become more popular. Demand will rise. Supply will decline.

Not a pure fact sorry, the trend is about the same as Litecoin (http://www.google.com/trends/explore#q=dogecoin%2C%20litecoin&date=today%203-m&cmpt=q) but we'll see if it last.



  WOW
      such code
much written

 ;D

Code written is not the wallet or client.  What i meant is all the stuff done by community.

If you think anyone in the real world is going to use a coin with "Very currency!" plastered all over it, think again. Though it could become the home currency of meme sites.

Ultimately DOGE is just a typical Scrypt clone that offers nothing new at all to cryptocurrency, it is just another one among hundreds. The hype is already dying down.

For any coin to survive and prosper it needs to bring something new an innovative to the table, and be aimed at solving a particular problem or set of problems. I'm not sure how a meme inspired Litecoin clone that everyone thought was funny for a few minutes plans to do that without some revolutionary services being built on top of it. NXT for example really is a new type of coin that isn't just a clone or rehash of another coin that fixes some of the inherent problems with Bitcoin, coupled with p2p DNS functionality of Namecoin and coloredcoins exchange integration (eventually).

Never say never as there is no telling where this all goes from here, but the future of DOGE is not that bright in the end I think. Not to say I don't have a few Dogecoin in my cryptovault along with others  :)