Bitcoin Forum

Firstly, you should not be investing money into virtual-currency trading, which you cannot afford to lose. I'm not saying that you did; just putting it out there.

Your charts do not say anything about when you made the investment, at which price you bought it, whether you sold it or are still holding it, etc.

Also, was all your investment concentrated in DOGE? If so, why? You could have easily split that money across BTC, LTC, DOGE, etc. Something to keep in mind for future trades.

Another thing you should consider for future is dollar-cost-averaging ( http://www.investopedia.com/terms/d/dollarcostaveraging.asp )

any detail how you managed to lost 1000$ ?

Is Jennifer Trollez trollzing? Why would anyone invest 1000 in doges?

I actually won money on Doge :)

I mined it for a day and dumped it on market opening.

Sorry to hear, you should mine the coins instead of buying them...

Mining at the global start of a new Altcoin and selling your coins later on seems to be a good idea after all, I made money with Doge Coin too. Even though, I am not sure if Doge Coin might actually worth something once in a while...

Mining early is the only way to make money from these coins.

Well if you don't sell it..you won't lose it.
But how is that possible?  There are message boards where people are just giving away tons and tons of Dogecoins for free.

This is just your fault.... this is like gambling,sometimes you win sometimes you lose.

You only lost in respect to Bitcoin.

How did the exchange rate change in respect to other currencies?

Fixed. You bring shame upon the BTC community.

Dogecoin is volatile
if you wanted a safer investment, you should have chosen Feathercoin or Litecoin ::)

as the block reward goes down, instaminers dump and more people hear about it ...then it will cycle up a lot again. Do not sell at this point of course.

at what price did you buy in?
also for someone to make money someone has to loose money in this market!

Always research before investing and get opinions from people successful in it.

Maybe you lost because dogecoins are scam? Could that be possible?  :D

They're a shitcoin, but not a scam.

doge is a joke coin. a meme made into a coin. a troll coin to legitimite alt coins

it has the life cycle of any normal meme. first hype, then people get bored with it and jump to the next.

e.g. earthcoin has a EAC/us-dollar-only  exchange planned, a android wallet and has a huge dev team behind it.

doge has what? a meme? that is of no use.  dev team? you mean one guy who thinks the doge meme is funny. tomorrow he'll think something else is funny.

doge is as good as dead. and so are the inevitable cat/nyancat/[enter any meme people might have heard of]coins

this business is about serious alternatives to litecoin and bitcoin. not about having a laugh

https://bitcointalk.org/index.php?topic=392864.0

you loose when you sell low...hold and you will see profits once block rewards are halved

Don't check price on coinedup...

crapcoins and they stories  ;D

shit, crap and scam are siblings.

I feel sorry for those who lost money. But if many warnings don't help.... bad luck.

I select my investments into serious coins, such as BTC, PPC, NMC and since a couple of days: EAC

So far i was doing well with those. But i also lost some money. I was stupid enough to trust in WDC. Now i got rid of them with 15% lost. Never again.

We are basically 40% through this block reward period, so we will have a lot more pain to come, I think prices will hold at 35(as a bottom) though.

never invest in something you don't understand, its best to mine new coins  then buy them,   that way you get a good idea of the price,  

and don't  expect  such a quick  return on your  coin,   I've had to wait more then  6 months to make a profit on some coins

Don't think OP has got the hang of these pump & dump coins yet. :D

Great post.

Who do you think buys them once they are mined? Investors should be aware miners will mine and bring anything to market.

Now we are moving through the phase of stupidly named crypto's with little to no chance of gaining significant market share over similar crypto's. 2nd generation cryptocoins will allow investors to move in ahead of miners which will put a gradual end to the miners coin-dumping free for all.

Whats interesting is the fact you get a lot of people doing pump and dump, sure good way to make a few bucks short term, i have 7 million doge coins watched the rise and fall but i prefer the long term approach, so when maybe in a year or 2 when dogecoin blocks halve i would expect the price to rise and make more than i would have by dumping, so you have not really lost your $1000 its just in the bank holding  ;), unless you did something really stupid like buy high, sell low then thats your just crazy on your part.
 Ps Cannot stand those idiots that dump 100 million plus coins on the market as soon as a coin is released at 0.00000001, way to go guys kill a coin before it has any chance & kill it for everyone.

That makes no sense complaining. The only reason for it's existance is to be dumped in exchange for Bitcoins. It exists for no other reason apart from this.

 Makes perfect sense, if you filter coins on to the market then the price rises & has a chance to find a balance, if you dump millions at at the lowest price possible then it has no where to go.

Dogecoin's community is bigger than Litecoin, that's what it has.

Doge already has a mobile wallet: http://www.reddit.com/r/dogecoin/comments/1u8oe6/over_1000_downloads_for_dogecoin_mobile_wallet_a/

I just love those narrow-minded people who hate or dont understand DOGE fenomen. Meme is just a part of DOGE success.
One simple fact for you. DOGE is still on top of the profitability list despite being heavily mined and heavily sold.
If you buy high and sell low then its your own fault.
Money doesnt grow on trees.

This.
They are a joke, to convince you stupid people (like OP, whether he is trolling or not) to give exchange BTC for pure shit.
Think about it, why something which is a copycat should have a value? It's a fucking copy!

doge was mostly HYPE and some speculation.
was not wise investment

Could not have put it better myself.

doge to the moon??  :o  ???

Guys, to mine Coin,

YOU BUY VIDEOCARDS AND COMPUTER.

HOW MUCH, MAYBE MORE THAN 1000$

NO ?

but you keep your pc,

The meme popularity represents what the price will be. See Google trends.


https://i.imgur.com/PD9UMVz.png

This is called being a 'bag holder'.

First off, its been said time and time again that this was nothing but a hype coin. Anyone that bought into it early well.... to be kind... a fool. Some people warned ( like myself ) , instead got shot down because this was to be the next coming of sliced bread....
Sorry dude... cant feel sorry for you. Warnings put forth, turn a blind eye... hope you learned something. If not I hear cagecoin is a great investment right now.

Or sucker....

lol exactly :D

Forex is smokin'. Nervously))). One troll is putting graph where the price of the doge in braking the floor. On Cryptsy the price is smooth 60 and imo will be for several months. If doge doomed to die the trade one day simply will stop and doge will go to history. If he has a destiny to be alive then he will slowly eat the buying steps till some moment. What have you loose my boy? You have bought 10k doges for your grand? Do not make my kung-fu slippers laugh. One is trolling, second has lost his money in gambling and now ask the community to refund. Today is a lovely humorous evening. :)

Best thing I've read in a week

One day you will have to carry wheelbarrows of dollars to the store to buy dogecoins

https://i.imgur.com/O98crIA.jpg

The only reason Dogecoin is still high in profitability is that the volume of coins being produced is very high. It is already almost 20% mined in less then a month. When the block reward goes down the profitability will fall also. By then there will be a ton of coins and they will be worth very little.

Market Cap is only holding steady because coins are going up dramatically every day.

Let Doge be a lesson for all those that will buy anything with a rising price. The flavor of the week/month is most often not a good longer term investment. If you want something that will be worth more a year form now then it is now better stick to quality coins with serious names and solid development teams that are actually doing things and not just talking.

Yeah really, you only lost if you sold while it was low.

Instead, pile them all up as sell orders up high so they get sold off next time it bubbles up again.

If it acts like DeVCoin then these down spells are great, as all your buy orders get hit on the way down, which hopefully are buy orders you placed low as your sell orders got hit on the way up. Ups and downs are the lifeblood of traders.

That is thinking like a trader. Thinking like an investor you should be still confident in your original estimation that the asset is a good investment (else you wouldn't've invested) thus just ignore these temporary down-spells. You wouldn't have unloaded all your bitcoins when they dropped from $32 to $2, would you? Or when they dropped from $1000+ to $725 or whatever?

Either be an investor and hold long term, or be a trader and love the downs as buying opportunities and the ups as times to sell some so as to place new buy orders down low to catch the next dip...

As a trader you want ups and downs, they are your income. As an investor you smile confidently at the "weak hands" who are dumping, maybe pick up more even, knowing full well that you picked winners and it is just a matter of time until they win.

-MarkM-

in some ways you're correct. but the "community" doge has consists of those 2 second attention span guys that 4chan produces and reddit ages....

they are great at hyping shit into the stratosphere, but they suck at remembering, analyzing, comprehending or earning

And we need those guys here. We need more of them. We need all iShit buyers from all over the world get into crypto !!! :)

I'm liking Dogecoin right now, it's earning me 50% more per day than mining Litecoins , and coinwarz.com is showing it as fairly stable (in mining) vs the other choices (but with exchange rate variability below average). The value is low, but hopefully will not vary by more than 5% on the downside. As the BTC diff goes up, maybe more people will take a look at these other altcoins.  Should I hold onto them or trade them for BTC every few days as I mine them, to be safe?

To be honest? The kind of people who love Dogecoin don't really care. I don't mean the investors, or miners purely interested in its worth in BTC, but the hardcore dogefans and community that support this coin. People laugh at Dogecoin, but it has a massive community now. With all the crapcoins flooding this place on a daily basis, those who dismiss Dogecoin as being in any way the same are not seeing the big picture. Dogecoin was the first meme coin to make it mainstream. It's happened. Doesn't matter now. It will always have a place.

I don't know about it going "to the Moon", but Dogecoin aint going anywhere. Sorry to say.

+1

Bitcoin up a lot today. All alt coin drop.

 They took about an hour to mine, cost me about 70 pence, they are still worth in the region of $2,500+ at the current rate and yes i am still going to keep them, Sucker i don't think so Muppet. But hey time will tell if i lose my 70 pence.

 in some ways you're correct. but the "community" doge has consists of those 2 second attention span guys that 4chan produces and reddit ages....

they are great at hyping shit into the stratosphere, but they suck at remembering, analyzing, comprehending or earning


Wow! Such Knowledge.

This statement was such a deep analysis.  Did you arrive at your thesis based on empirical research? I'm very much interested in performing a peer review of your work. The data in your findings could actually be revolutionary. I'm thinking maybe Nobel worthy.  Please do share your research. Thanks in advance.

It's really hard to hold doge knowing this. I am a die hard fan and I hold some, but I can't lie and say I didn't cash out most of it already. The demand is going to have to keep up a lot, and it just feels very speculative and too much of a gamble to be really deep in to that coin right now.

I mean the 100 billion coin cap is extremely interesting, but as far as even gambling I do not see favorable odds. I don't think the coin will crash. It will just continue to decline in value until mid February when there may* be a spike if the community can keep up its momentum. It seems comparable to investing in the GH/s market for bitcoin constantly in decline.

No, you made it even worse.

Correct would be "with respect to" or "in respect of".
See the Oxford dictionary (http://www.oxforddictionaries.com/definition/english/in%2Brespect%2Bof%2Bor%2Bwith%2Brespect%2Bto___1).

see here protecting our doges
http://www.reddit.com/r/dogecoin/comments/1umsla/of_wolves_and_weasels_protecting_our_doges_day_2/

and also
price rose overnight http://www.reddit.com/r/dogecoin/comments/1uvo70/in_light_of_the_overnight_price_rise_a_much/

First of all, sorry for your lost.

BUT:
If do you lost money, is your fault!.

Investing on Crypto-Currencies involves a high-risk and there aren't any guarantee.
A baby knows it.

@eldes:

This thread has been dead for 14 months........don't dig up zombies unless there are absolutely no more recent threads about whatever you want to post. Please.

You are wrong.

Doge has a HUGEEEEEEEEEEEEEE community.  bigger than any altcoin.  might even be bigger than bitcoin.

-sent bobsleigh team (jamaica) to olympics ? check
-water to people who need water? check
THE DOGECAR ???? Y U NO WATCH NASCAR ??? ITS GLORIOUS

-and various other charity events/fundraisers for people in need.

doge has been here over a year now.  doge meme is still funny.  stop pumping EAC...was just bought up while dirt cheap (relative) and now huge holders need to unload on people.  only reason.  don't diss doge, its pretty much one of the only altcoins that actually DOES something. 

That's quite true.

Doge just a joke.
It's a bad decision to invest dogecoin.