Bitcoin Forum

The hype is all gone, the market crash is near, rest in peace doge.




"If you want to blow $100 on a dumb Internet meme, be my guest. But don't expect to make a profit." -Timothy B. Lee,  Washington Post

http://www.washingtonpost.com/blogs/the-switch/wp/2013/12/26/dogecoins-and-litecoins-and-peercoins-oh-my-what-you-need-to-know-about-bitcoin-alternatives/

Take a look at http://www.reddit.com/r/dogecoin/

cool bro

still have about 300k doges left myself, but I have to agree to Op :( the hype train is gone.

you've been lucky it lasted this long. i wouldn't expect any other meme-based coins to do too well after this, but that's my 2 cents.

INVEST IN DGC while the price is still low-ish!!!

DOGE's one strength was it's virality. Now that has gone and with so many DOGE coins being made a day, wait for the price to drop now.

catcoin miner spotted

Well it is literally in your hands to get it going again. Spread the wealth, make faucets, bounties, giveaways and stuff! Sitting on your coins is only good if they're gaining value! This is the problem with most people early mining coins, everyone expects everyone else to promote the coin so no one does anything..

With that amount of DOGE on you, it becomes your responsability to help dogecoin succeed!

It would help and give you some credibility if you posted some data or rationale for your opinion.  Your comment is no better than all the insane DOGE to the moon its supporters are all spouting.

So many btc were invested in doge, it can't just die. I think about bying some before doge is far from the moon.

its already far from moon- sadly in the wrong way!

"Presumably some of these buyers are people who are willing to drop a few dozen dollars to participate in a fun Internet joke. And others may be speculators hoping that they'll be able to unload their Dogecoins at a profit before the market collapses." - Washington post

http://www.washingtonpost.com/blogs/the-switch/wp/2013/12/26/dogecoins-and-litecoins-and-peercoins-oh-my-what-you-need-to-know-about-bitcoin-alternatives/

jokes make money.

http://en.wikipedia.org/wiki/Pet_Rock

Doge won't die but the excitement will eventually falter.

I've seen some doge pumps, rate holdings. dumps, I think we are between last rate holding and next pump. Will see...

I haven't a clue what will happen with Doge (I don't own any).  

The good
The number of subscribers to reddit.com/r/dogegoin is very impressive (over 18k right at this time).  I've always used that as a metric for measuring 'real' bitcoin growth, so I take that number quite seriously.  

It is also intriguing to watch what happens when you put viral marketing memes with crypto, that's a nifty mix, and who knows, there could be another round of virality to come.  Bigger media outlets could report about the doge madness, seeing as it's a pretty wacky story, I could imagine wired, io9, techcrunch, boing boing etc writing about it if they haven't already, and maybe more mainstream outlets (I saw tech crunch already wrote about the doge wallet hacking).  Also on the plus it has brought in a lot of new people into crypto.

The bad
I do find it an annoying meme though, in that to me it's not funny at all, although I find it amusing how a meme-coin can take the piss out of money, the actual 'doge' meme is stupid and doesn't exactly help anyone use proper communicative English.  Stupid memes like this lowers the quality of the internet, plus I mean, "doge" should be spelt "doggy".  And there's no innovation on bitcoin at all.

All in all I don't particularly like it due to the stupidity of the meme, but it is weird and wonderful in it's own sort of way.  I've been considering buying a few today but it would be a total gamble so I've decided not to (for now).

It has begun already

with a current value of 72 satoshis against btc on cryptsy and having been added to the ltc market recently, I wouldn't expect much. it's worth less than DVC against ltc and has been dropping slowly all day.


Prediction: DOGE will fall off the BTC market and eventually end up in the XPM market with the rest of the dying coins. Give it til july, if it takes that long.

Don't get me wrong, I mined some for the hell of it when it first started but dumped it all a while back for 3250 satoshi's each.

your name is nostradamus or why can you predict future...  ???

good post. I see it as "everything but the coin." They got the marketing right, the community right but they didn't do anything new programmatically.  It was intended as a joke(or to say cryptos are a joke), a comment on cryptos in general but a huge amount of people took it seriously. http://i1.kym-cdn.com/photos/images/original/000/483/894/463.jpg

You can tell by the way they are scrambling to fix stuff that they never intended it to get this far. It's funny that it has and it's funny that it's actually worth enough money for them to keep it going.

Can't see it lasting as the only real thing it has going for it is it's last years top meme.

I was amazed reading reddit that so many seem to see it's purpose as taking down bitcoin. For a coin created by an employee of adobe and an employee of ibm using open source code (someone else's idea) and the top meme of 2013 (someone else's idea) that's very telling.

corporate shill coin is corporate

I'm the Nostradamus for the currency game

Nostradamus who only parrots a Washington Post writer.

every wonder lasts 3 days

got to love the pumpers and dumpers and their psychology  games  ::)

my bitcoin wallet is v0.8.5.  don't need to get it right the first time; nobody gets it right the first time. that argument is non sequitor.  the rest of your comment is generic enough that it could apply to any altcoin. 

Who cares who made it?
In the moment when all these people started beliving in it it became theirs!


Look at Doge chart. It is going it's own way differently than all other coins which obey strictly BTC rate changes while Doge goes by it's own waves...
this means it lives it's own life already. All thanks to community it created.

Problem is that undead cat which was one big failure from the start and it still survived and still is on tide and it is rather a general problem of altcoins hype which moves from one coin into another because people don't have ever enough. But still nothing can bit Doge success.

And i have another reason to call Dogecoin history special. Polish part of this global hype started on our version of reddit called Wykop and it was really huuuge. Try put Dogecoin in google trends and you will see what i exactly mean... ;) This Wykop Effect was incomparable to anything i have seen earlier showing that rather small country can make a big difference in a global scale.  

So if catcoin can't already die being bastardcoin and still doing well than Doge won't die for sure.

Doge to the mooon!


Oh and matt608 english language never was a unified lang, it was born being hybrid and changes all the time. It is also property of these who use it and they can do it in any way they want or like to use it. Doge hype and doge future can't be undestood by anyone who don't get this whole dogemania big part of which doesn't even come from nativly english-speaking countries ;) Sometimes you feel something before you understand it too.

perhaps it's not my comment that is generic, it's the altcoins.

when it's a marketing guy from abobe and a programmer from ibm you should worry imo.

that's the point.  you're describing the cradle-to-grave of every altcoin.  nothing differentiates one from the other.  the auto-switching mining pools distill this idea to its dytopian limit:  mine whatever profitability out of each alt coin, and move on.  

so we agree. I thought we were arguing tbh. What I'd love is a coin with something new rather than a new coin that has nothing going for it apart from being 2013's top meme. The only coin I've seen that offers anything new and worthwhile is namecoin and tbh I don't know wtf is going on with that.

Really I'm looking for a new coin that's not just bitcoin with a few changes to various parameters. Unfortunately, I just dont see it.

doge is creating a floor around 70 - 80 at the moment

keep spreading fud boys u wont be able to get in cheap again

if u dont like doge just stick to what u like it is really that easy.

Current Difficulty    410.02419532
Est. Next Difficulty    484.67808345


I dont think DOGE will die, hold your coins.

bitcoins? who wants to invest in that crap?  it's a bunch of nerds playing around with computer algorithms that mean nothing...   it's going to die soon...