Bitcoin Forum

What do you think about Doge? Will it rise in power soon? and Will it be int he Top Three Coins in the market?

What do you mean by power? It'll never be up to much just because of the marketcap. It's not a wise investment for the future, but maybe you can have some fun with it now, but you're not gonna become rich off it.

Doge is just another litecoin clone, but with a doge icon lol.

i am fascinated by this coin. they added nothing and just forked litecoin, but their community is amazing. it is a little sad, that this coin has a bigger chance of getting big than another altcoin that really does something new. it will be interesting to see how far this goes.

Litecoin has a market cap x'D

With it's active community, it may be worth a look.

DOGE coin is about to explode

Yea, I have high hopes for doge coin aswell because of its huge fame and very big community.

Should have named yourself DogecoinsJoe

quarkyDOGE talking :D

Dogecoin will definitely raise with it's community.
Just take a look on the subreddit /r/dogecoin. It has 50,000 subscribers and bitcoin has 100,000
Dogecoin is already on 6th place although it's only 3 months old. http://coinmarketcap.com/
There are currently so many charity evens which are run by people of dogecoin and there have also been successful ones which put a nice light on dogecoin.

Together all shibas will fly to the moon!
https://i.imgur.com/wp0UDqp.gif

Keep mining shibas!

it should be noted also, that this coin introduces a lot of people to cryptocoins. and its price has appeal too. who wants a fraction of a bitcoin if you can get 1000 doges for very little.
also doge is really cute.

Short-term I can see it gaining more traction. As of now, it's serving as a very good gateway of introducing and getting people interested in cryptocurrencies. That's why its growth isn't too surprising and if I were to bet, I'd have a decent amount of confidence in DOGE to at least maintain market presence (and possibly grow a little more in value per coin over the upcoming month).

Long-term though, I see a completely different outlook. I don't think it has enough staying power, unique utility or long-standing user base to maintain traction. A lot of people will say memes and that sort of thing, but once smart money moves away, I can't see DOGE maintaining it's market presence. Additionally, meme's don't last forever; once the thrill of this has run its course, people will likely move on to the next thing.

If only the value of coins was weighted by how many reddit subscribers it has lol.

I am saving as many DOGE as I can.

What for? Don't save them for too long though.

Yeah, long term strategies with Dogecoin probably won't win too much, though there are short term gains to be had for sure.

I personally hate it, though if I can profit from it I will!

When the meme dies, the coin dies IMO. That's what I'm watching for, when people get sick of the meme.

Doge started as a joke and I think has surprised everyone, including probably its own dev team.  It has attracted a lot of infrastructure and support very quickly and so I see it could be a survivor.  However, the dev teams decision not to limit the number of coins does not make it a good investment compared to other cryptos.  In short, buy doge only if you have something you want to use it for, otherwise BTC seems a better "reserve" currency to me.

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All true. Use DOGE for short term gains.

I just have a good feeling about Doge.

Community means so much to a successful business.

Supposedly Dogecoin is going to drop its block payouts by half soon. This will slow down the production and may boost prices.

Exactly the same thing that happened to BTC.

Its growth is impressive, but long-term I don't see how a coin based on a meme will survive.

Trading and mining doge is great. But I don't know if doge can sustain it's growth.

It's just another open source peer-to-peer cryptocurrency.

We live in a social world. Memes are very socially accepted (... well, at least now). As long as this trend continues, Dogecoin should do well.

Bitcoin is an uphill slog against constant vitriol and hate - something about it makes doubters become passionate and venomous, and trying to follow Bitcoin while ignoring all the hate/ignorance/ridicule can get wearisome.
It probably wasn't intentional, but Dogecoin disarms those people. It's hard to get worked up and spew serious arguments against a jokecoin that doesn't take itself seriously.
Emotionally I admit it feels like Dogecoin is yet another ridiculing of Bitcoin and another useless alt, and I'm so over both of those things that it's harder for me to fully appreciate the humor, but it seems like Dogecoin is achieving great things (for everyone), whether intentional or not.

Do you think Doge will hit over 200 satoshi again?

Thing is, Doge seem fun and all by its community but this is, at the same time, what will makes serious investors and serious businesses not want to join and participate. If they do, Doge will become serious and not fun anymore which is in contrast of why it is taking off.

I do, although it can take a while. Things still need to settle. Dogecoin is the only one that can cater to the "general public" who happens to know what doge even means.

I'm not so sure about that. I grabbed some doge and I intend to keep them, although if I should be honest I would say there's a 10% probability dogecoin survives a year or two. I was not an early adopter of bitcoin, got my coins a year ago. So in case doge lasts for many years, could be cool to own some old doge.

But realistically speaking, I think even litecoin is pretty useless, I mean, what does it put on the table that bitcoin doesn't? It doesn't even leverage scrypt's advantages (acording to scrypt's creator).

Litecoin's only advantage that I know of is faster transactions. Same with WDC.

Bitcoin just can't be used for day to day transactions; it takes too long. The 30-50m blocks would be killer if you're sitting around waiting on confirmations at a store.

I can see it taking off, already got a bigger network than LTC. Although there will be better coins to come after it.

Hoping not to fork the discussion too much... BTC block size was not picked randomly. I apologize for not posting the source, but I recall previous discussions on this forum where people explain how faster block times basically translate into weaker validations. There's no free lunch there just by tweaking some parameters.

AFAIK, litecoin doesn't attempt to introduce any innovation to the concept beyond using a different hash function and tweaking some parameters. Other coins did try to experiment by adding new ideas to the mix: proof of stake for example.

As for bitcoin not being suited for practical day to day transactions, I believe some services can be built on top of bitcoin to mitigate that and offer fast transaction times. It is not realistic to think that 5-10 years for now we will still using bitcoin in such a low level fashion as we do now.

Back on the dogecoin topic, looks like dogecoin is the first altcoin with a lightweight client:
http://www.reddit.com/r/dogecoin/comments/1xdr4u/multidoge_010_released_light_wallet_client_for/

pretty impressive, considering most coins consist of a thread here on bitcointalk.

Yes, I think that talking negative about Doge is going to jinx it.

How about stop ridiculing it instead of building it?

DogeCoin is a f-n joke.
After the stock market crash we are experiencing now bitcoin will crash 90%, and most altcoins will crash 99-100%.
Bullshit coins like dogecoin will seize to exist when people don't waste mining power anymore on them.

Might be a right time to buy some dogecoin now as it's production is halving soon..

I believe in doge :D

doge is the most profitable cryptocurrency recently :)

Dogecoin won't be around in the long run. But then again, bitcoin might not be either.

If there is a good future for other currency definetly there will be a very good future for dogecoin, there is no doubt because lot of merchents and casino sites started accepting cryptocurrency there is good amount of money circulation there is no chance to huge drop. its like share market, there will be up and down no need to worry

When (or if) the meme dies, the devs/community will just make adjustments to the brand (name, logo etc) where required.

The amount of developments with Doge is astonishing though for a 2 month old coin......just today they launched the lite wallet (Bitcoin is the only other coin to have a lite wallet).

The number and speed of projects is directly related to the huge catchment of talent they are tapping into, and that will only grow.

You're wrong there. A Google dev came on r/dogecoin 2 weeks ago asking for opinions about it's development and future use on their services. Big business is already taking notice of Dogecoin.

The meme format may not even be the final format of the coin though.

Do you have Source confirming this statement ?

I like dogecoin and think its about to go Way up

yes..

I see potential in it, it could be the tipping form on some meme sites, like memecenter.com, 9gag and other shizzles :D

Maybe, but too many people see it to make profit. Its all about the community guys, cmon!

DOGE has a big community, but i think that it can not reach to the masses...

Keep thy precious comments to yourself :P

dogecoin have high chance to surpass litecoin...

I wouldn't be too sure of that since there are so many Dogecoins being mined.

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