Bitcoin Forum

I saw a recent drop in price of dogecoin @ cryptsy. Why is that??

I came across the following:

"boyter 1 day ago | link

The thing is its actually less inflation then Bitcoin or Litecoin at least for the next few years anyway. See the following (taken from reddit thread) which shows the inflation amount over the next 5 year period.
        Dogecoin Bitcoin Litecoin
  2015   5.26%    10%    33.33%
  2016   5%     9.09%    12.5%
  2017   4.76%    4.1%    11.11%
  2018   4.54%    4%    10%
  2019   4.35%    3.85%    9.09%
  2020   4.2%    3.7%    4.1%
People need to keep in mind that dogecoin's inflation is set at 10,000 coins per block forever once mined out. As such the inflation amount will reduce each year as more coins exist, unless of course people manage to loose about 5 billion coins a year. The other thing to remember is dogecoin currently has about 5% inflation a week, so anyone dumping it over this news is a bad speculator.
EDIT before someone jumps down my throat I am checking the numbers now and the bitcoin one looks to be slightly off, please take this as close, but not exact please. If you have the exact numbers pass them on and I will update.
reply"

I dont see that a problem. 10k a block after it is mined out. So still it is better right? So supply is infinite but is highly restricted. So why the huge sell off??

So, wait.

Does this mean that the Doge I purchased aren't as rare as I actually thought? This means that my coins will be 5% less valuable every year...

When they are valuable a lot, a 5% less doesn't matter... and market has dropped a lot more than 5% though it will rise back in a week

Yeah, you're correct.

Doge is slowly sliding down the slippery slope of shitcoin potentiality.

be a inflationary coin maybe means that you never need to be divisible ... anyways that's the only concept I dislike in doge ..

Look at it this way, as more and more people start mining and buying Dogecoins over the years, the lower the supply per person so it will become rarer for each individual assuming more than 5% of existing users are added each year.