Bitcoin Forum

These past few days have been rough on Bitcoin, no doubt. Last night the price hit a low of like $530 or $570/btc or somewhere in that range. I invested at $790/btc, so needless to say I got a little worried. When this whole Mt. Gox fallout started, I decided to take half of my investment in btc and move that into Dogecoin. I heard alot of good things about Doge, and thought it'd be a smart move. As it turns out, I was right... at least so far anyways. Doge has been doing very well these past few days while btc has been plummeting. The two could probably be because of one another, but who knows for sure.

Well, three days after I cut my investment in half I decided to sell the last of my btc. The price of btc didn't really improve and I see real potential in Doge. I've already made quite a bit of money just holding. I've got Doge on Cryptsy for now, but I opened an account at Vault of Satoshi today (https://www.vaultofsatoshi.com/home). I like VOS for a couple reasons:

A. Because it seems incredibly secure. As of now I haven't heard of any big security concerns regarding the website. The website might actually be a little too secure. In order to link your bank account you have to send a picture of your driver's license and 1 proof of residence. And let me tell you that shit better be crystal clear or your ass is gettin denied. Anyways, I sent them a picture of the speeding ticket I got in the mail the other day. Assholes.

B. The main reason is because you can convert Doge and 6 or 7 other altcoins directly to USD. No more going through Bitcoin during all of it's drama, although you can buy bitcoin with it too.

C. The site is really well made. Very organized, easy to check your balances and how they're doing.

So once my order on Coinbase to sell off the rest of bitcoin is done, I'm gonna close my Coinbase account. I'll keep my Cryptsy account just because they have more Altcoins, and I might one buy some other one sometime.

Any suggestions or opinions on if you think Bitcoin will come back? If so, when?
And any suggestions for me?
Have a nice day guys  :)

Explain.

http://bitcoinwisdom.com/markets/cryptsy/dogebtc

CHOOOO CHOOO

HELL YEAH

DOGE FTW

https://i.chzbgr.com/maxW500/7894072832/hAFED0C29/

^ lol@fonzie

also potential in dogecoin??

what?? are u fucking retarded? lol. people are in dogecoin for the community and to make money, nothing else.

U talkin about Bitcoin?

Well for one, if I am right, and that the reason why Doge has shot up the past few days is BECAUSE of Bitcoin's plummeting, it could indicate a certain amount of trust the market has in Doge. And that would mean if, god forbid, Bitcoin really tanked, Doge would become a sort of replacement. I could give you the usual speech about the community and demographic, but I'm sure you've heard it all before. I will say that the demographic that Doge reaches is a close and tight community on the internet. Just go down the reddit page for Doge. It's definitely different. But for right now, the charts just seem to be going up and up. It's definitely alot more stable than btc, in my mind anyways. Maybe it's because not as many people use it.


Yeah. I'm fucking retarded, you caught me.

Seriously? Am I the only one that sees Dogecoin as a joke? Anyone really thinks that a coin with a dog and comic sans words could become anything usable? Looks like a funny coin to me, honestly  ???

yeah man I was thinkin the same thing at first. But.. you can't argue with the charts. It's doing great.

You're awesome shotsoffxx, the community is awesome, so much love, amaze respect, hugz and 5 cent tips all around. Lets have a hugging war. Will you fund my charity please. I know a homeless guy who wants to become a ballet dancer. Ballet school only costs $50,000. Feel the love, feel the power. We can send him to ballet school using the dogecoin spirit alone. Plz help me. Why you no help me. What you mean you just as tight with money as those nasty bitcoiners. Give me free money  >:(

But seriously, who the fook is going to mine dogecoin when the block reward drops 95% in the next 12 months

This was funny.
Brevity is the soul of wit.

The smart money is going into Nyancoins

http://nyancoin.org/wp-content/uploads/2014/01/512-512x482.png

Okay big guy, where do you have your money at? Please. Enlighten us.

DOGE@Wall Street!

http://lh6.ggpht.com/06xeG1LzRRKxoTiYwA5pzpuHVwjCqWldEdrHaqkTRT7AN9lBIlZUsd0Cnfl5yFrsY5EE6v94FX38LO9NPhL-FvgCL4aqslaKUOI%3Ds630

Nyancoins. They're proper awesome and with a catchy soundtrack too.

Student debt, student debt. I see student debt everywhere. Is that driving the dogecoin train, the hope of paying off student debt  :'(

You probably had all your money in Bitcoin and.. well right now. Oh sorry, touchy subject? ;D

Anyone with a brain knows it's a joke.

What no? Can you not read man, I'm 110% balls deep into Nyancoins now.

Can we see a link to some technical information explaining how Dogecoin is unaffected by transaction malleability?

Doge was supposed to be a joke, but the Reddit community has been regularly cycling the currency within their own users as tips. Will it be worth more than BTC? Very unlikely. But the trading volume alone is worth looking at, and the rise in the past 24hrs shows there is demand.

Keep an eye out in the next 2 days, the block rewards will be halved for miners, so supply may run lower than usual at the exchanges.

No offence but are we talking to a teenager who is holding less than 5 BTC and wasting our energy and time to explain that maybe Dogecoins isn't a long term serious safe haven investment? I have to pinch myself sometimes.

Nice info on VOS Ishould check that out.

Cryptocurrency in general isn't a safe haven investment. I would argue that there is no such thing as a safe haven investment at all. I would love to know how you figured out my age and btc balance, however.

Holy moly, I truly hope no one is taking anything away from this thread.

Brother, you are clearly new to this world and that is 100% ok. What is not ok is your unsupported, created out of thin air statement on this BTC "transitioning" period you speak of. What is happening with BTC right now is nothing new, there will still be many growing pains along the journey of becoming a stable cryptocurrency. Things are still being ironed out and the biggest problem you are having is that you happened to enter quite late and near the top.

Dogecoin may be a better option for you right now considering your availability of funds and timing. The great thing about cryptocurrency is that everyone can join in regardless of how much investible income they have. It's not about being elite and one reigning supreme over all, it's about the future of currency and creating a community that is pushing the idea of money forward, regardless of their personal preferences.

Anyway, it sounds like your post is just one big cloak to advertise VOS so if that's the case, suck it.

This is probably a VOS / doge advertisement ...  btc has nothing to worry about vs doge

Again asking something technical from doge fans?
Even the developer had no idea how many coins he has programmed to be mined and you ask about the malleability?

No , fortunately you;re not the only one. But amazingly there are people who really believe doge will be number 1. =))))