Bitcoin Forum

Dogecoin will never, EVER come even close to bitcoin in any way (price, market cap, adoption, any metric you want).  Doge coin is a joke.  Literally a joke.  100billion of them, with 5 billion more being created annually, it may continue to be used by childish meme lovers to tip each other every time they rhyme shibe with something, but other than that there is no future for it.

Ask yourself this; what problem does dogecoin solve? 

Mods instead of moving this to off topic it probably belongs in the trash.

Dogecoin will never, EVER come even close to bitcoin in any way (price, market cap, adoption, any metric you want).  Doge coin is a joke.  Literally a joke.  100billion of them, with 5 billion more being created annually, it may continue to be used by childish meme lovers to tip each other every time they rhyme shibe with something, but other than that there is no future for it.

Ask yourself this; what problem does dogecoin solve? 

Mods instead of moving this to off topic it probably belongs in the trash.

I'm no expert financial adviser or anything of the sort, but it's my observation that bitcoins priced in the hundreds of dollars is way overvalued.  And dogecoin priced at well under a penny is way undervalued.

I'm no expert financial adviser or anything of the sort, but it's my observation that bitcoins priced in the hundreds of dollars is way overvalued.  And dogecoin priced at well under a penny is way undervalued. 

Just went to http://coinmarketcap.com/ (http://coinmarketcap.com/) and checked out the 180 day trend.  It's pretty obvious to me, even as a rookie investor, that bitcoin will continue to decline and dogecoin will continue to go up.  More than the trends is the fact that bitcoin's image is now tarnished or tainted if you will.  Bitcoin's are used for illegal activities while dogecoin are not.  Bitcoins are being targeted by hackers because of their extreme value while dogecoins are not. 

So my speculation in summary is this.  In the short term bitcoin will continue to decline in price and usage as dogecoin continues to increase in price and usage until regulations and laws squash the crypto movement at which point in time all cryptos will become illegal and worthless and cease to exist. 

Ask yourself this; What can a Bitcoin do that a Dog, Lite, PP coin can't?
Don't hurt yourself over this, it's a rhetorical question, and I'll answer it for you. NOTHING! Every one of these "Coins" can solve the exact same problems in exactly the same way. The only real difference is the total number of supply and the subtle change to the hashing algorithm. Otherwise they're identical.

I fail to see Dogecoin as a joke when it's completely kicked btc's ass as an investment since it was created. Check btc value in early Dec vs now, then Doge when it was created in Dec and now if you don't buy it.

I'm no expert financial adviser or anything of the sort, but it's my observation that bitcoins priced in the hundreds of dollars is way overvalued.  And dogecoin priced at well under a penny is way undervalued. 

  Bitcoin's are used for illegal activities while dogecoin are not. 

I'm no expert financial adviser or anything of the sort....

Why do you even bother posting financial stuff? <--retorical

I hold a stake in both bitcoin and dogecoin and it interests me.  I'm just trying offer my speculation and I knew that it wasn't going to be popular because my speculation is bitcoin is trending down.  I get the feeling from reading around here for some time that  people expect that it's going to bounce back up to the $1200 and continue on up "to the moon" as you like to say.  I just don't see it.  If Apple's stock or Google's stock or Facebook's stock isn't worth $10,000 a share I don't see any reason why bitcoin should be worth $10,000 a coin.  Wishful thinking IMO.

I hold a stake in both bitcoin and dogecoin and it interests me.  I'm just trying offer my speculation and I knew that it wasn't going to be popular because my speculation is bitcoin is trending down.  I get the feeling from reading around here for some time that  people expect that it's going to bounce back up to the $1200 and continue on up "to the moon" as you like to say.  I just don't see it.  If Apple's stock or Google's stock or Facebook's stock isn't worth $10,000 a share I don't see any reason why bitcoin should be worth $10,000 a coin.  Wishful thinking IMO.

Bitcoin isn't a stock, and it's not a company.  Would you equate the use of e-mail to the successes of Outlook, thunderbird, and whatever other e-mail clients exist? No, because that would be retarded.  Much like your comparisons of the makret trends of bitcoin and dogecoin.  Call me if the DOHS ever has a panel hearing about what to do with Dogecoin.

Who is paying with DOGE for goods and what merchants accept DOGE?

Bitcoin will go up, just a matter of time. Not sure why you bother with Doge.

Only idiots want to invest in an investment that could lose them everything overnight.  Do you think Warren Buffet is going to be buying bitcoins?  He's the smartest investor in the world and he shuns them.  He realizes that bitcoin is a bubble ready to burst.  For whatever reason we have a group on this forum that believes that they are smarter than Warren Buffet.  I'm with Warren.  I trust him.  

It's been my observation that when bitcoin goes down, dogecoin goes up.  It appears investors flock to dogecoin during bitcoin drops and drive the price up only to flock back to bitcoin once the drop is over.  That was the reasoning of my thread subject.  As bitcoin continutes to decline like I think it will, dogecoin will probably end up going up.  What makes dogecoin different than the other 100 something cryptos (aside from bitcoin and litecoin) is that it is extremely popular.  Just like bitcoin bulls love positive media attention, so do other crypto bulls and dogecoin has received a lot of positive media attention.  It's certainly not on the level of bitcoin yet, but I don't see why it couldn't honestly.  It might have started as a joke, but do you think a $71 million market cap is a joke now?  It seems pretty legit to me. That's why I diversified my crypto portfolio.  Just like a savvy investor would any stock portfolio.  To me it just seems like a good idea.  Hold a little of each ya know?  

Doge will crack soon, but i do believe in Infinitecoin. Might add that to your portfolio. No pump and dumps, just steady grow.

I think Mr Buffet would be the first to admit he's pretty old school. I'm not going to be taking advice on this subject at least.

Oh really , infinitecoin , and what's so special about this one?

Launched June 3rd, 2013 and keep getting stronger and stronger.

Wow that is very special indeed! Looks like the best investment ever.

Dogecoin will never, EVER come even close to bitcoin in any way (price, market cap, adoption, any metric you want).  Doge coin is a joke.  Literally a joke.  100billion of them, with 5 billion more being created annually, it may continue to be used by childish meme lovers to tip each other every time they rhyme shibe with something, but other than that there is no future for it.

Ask yourself this; what problem does dogecoin solve? 

Mods instead of moving this to off topic it probably belongs in the trash.

He sure isn't the smartest investor in the world if he fails to see the potential of crypto currencies. I'd say he's just another old fuck who has gotten rich and takes the credit from the idiots who can't live without idols, authorities and geniuses to follow.

Ask yourself this; what problem does dogecoin solve? 

I think there is a bakery and a salt shop accepting doge =)))))))))

Ask yourself this; what problem does Bitcoin solve that Dogecoin does not?

I'm bullish BTC long-term but I recently bought some DOGE cos I like em and think they're funny. Perhaps the joke will get old and people will walk away, but people thought Bitcoin was a joke in 2011, and it's still here. Gode also have a way stronger community than BTC, less full of trolls and jaded types. They also have a decent dev community - though not as adept as Bitcoin's.

Really?

You're seriously comparing the entire lifespan of dogecoin (2 months lol) with the performance of bitcoin in only the last two months of its 4+ years of existence? Without bitcoin dogecoin wouldn't even exist, it's just an old copy of litecoin with a meme behind it and decent marketing. Let's talk again in a year from now, I'm willing to bet that even litecoin will easily outperform dogecoin in the course of an entire year. Silly hypes never last very long, and nobody is going to take a coin like dogecoin seriously. I give dogecoin 4 more months at most until people get bored of it and it will die a slow death. Good luck with your delusions.

What's remarkable is in only 2 months (lol) dogecoin daily transactions have surpassed btc, which as been around 4+ years.
You are the delusional one if you really think bitcoin will be the top coin forever.

What's remarkable is in only 2 months (lol) dogecoin daily transactions have surpassed btc, which as been around 4+ years.
You are the delusional one if you really think bitcoin will be the top coin forever.

Dogecoin founder Jackson Palmer has thrown down the gauntlet to the cryptocurrency community declaring that neither he nor his digital currency are for sale, despite huge offers of investment from Australian venture capitalists.

At an Australian meet-up on Thursday night organised via Reddit, where Dogecoin’s community was started, the Sydney-based founder told Techly he is also calling for government regulation of cryptocurrencies – a move that’s unlikely to make him any friends in the Bitcoin community.

Palmer characterised Bitcoin types as “an elitist little group you have to ask for an invite to, whereas Dogecoin is more a grassroots community thing.”

“You can go to a Bitcoin meet up and meet people who are like ‘I have 100 BitCoins, I’m a multimillionaire’,” he said.

“Dogecoin is the community’s currency, open to everyone, and that’s how I want to keep it.”
The big end of town wants in – but Palmer isn’t interested

It’s clear Palmer is totally disinterested in any short-term gain Dogecoin could afford him. A purist, he believes Dogecoin is “the internet’s currency” and end users will decide its success or failure.

In fact on Thursday, Palmer told Techly he turned down half a million dollars from two venture capitalist (VC) firms.

“I’ve been approached by VCs lately who want to cash in on this Dogecoin thing and they’re offering me what in reality is ridiculous amounts of money.

“And I’m sitting there quietly with them saying ‘I want to throw X amount of dollars at this’ and I’m like, ‘take a step back, it’s a dog on a coin’. Has the world gone mad?”

Techly can confirm Palmer met with one Australian VC firm, which shall remain nameless. A spokesperson did not discuss how much money the firm offered Palmer for Dogecoin but confirmed to Techly a meeting did indeed take place.

“The firm’s inquiries into Dogecoin are in the preliminary stage,” the spokesperson said.

Palmer claims a second meeting was held with a US firm, which has failed to return Techly’s emails for confirmation.

And if that throw down wasn’t already enough, Palmer has laid down the gauntlet to the Bitcoin community – which is fiercely anti-regulation – advocating for the Australian government (and others) to regulate and legitimise cryptocurrencies.

“I do ultimately think we need to regulate around this stuff otherwise you will not gain the trust of the average Joe who wants to put $100 into whatever digital currency they’re using.

“That said, we shouldn’t be putting all our faith in centralised institutions because that gets us to where we have landed today.

“The Canadian Government has already decided to regulate against cryptocurrencies and I think that’s absolutely awesome. The fact that a government is even talking about cryptocurrency in the first place is like, booyah. That’s a massive boon for the whole thing.”

Mr Palmer’s hope is that governments will learn about virtual currencies like Dogecoin, understand how they work and eventually see it’s a currency that is facilitating good.

You neglect the content of these transactions which is the most important part of the function for which a transaction serves.

How many DOGE transactions were actually payment for labor? How about goods? Just because people throw DOGE around as a tip speaks more truth about the perception of value in Dogecoin. People hold it as worthless and as such are eager to tip it away...

How many Deutschmarks do you think were spammed around after the hyper-inflationary period of the Wiemar Republic? Do you think that the huge volume gave them some additional store of value?

The Dogecoin co-founder has a hard on for regulation and he's somehow in talks with supposed VC people about getting them involved about doing some too secret to talk about serious business. He also thinks Bitcoiners are assholes. Very classy from the leader of the friendliest and most loved up group on the internet.

http://www.techly.com.au/2014/02/17/dogecoin-founder-turned-half-million-dollars-f/ (http://www.techly.com.au/2014/02/17/dogecoin-founder-turned-half-million-dollars-f/)

You neglect the content of these transactions which is the most important part of the function for which a transaction serves.

How many DOGE transactions were actually payment for labor? How about goods? Just because people throw DOGE around as a tip speaks more truth about the perception of value in Dogecoin. People hold it as worthless and as such are eager to tip it away...

How many Deutschmarks do you think were spammed around after the hyper-inflationary period of the Wiemar Republic? Do you think that the huge volume gave them some additional store of value?

I don't know what the transactions are used for and I don't care. What matters is people are paying attention to it and using it, and spreading the word. No matter how annoying it is to bitcoin snobs, this is what needs to happen on a huge scale for any crypto to ever come close to being mainstream. Marketing rule of 7 - people need to see something 7 times before it registers and all that rot.

I can answer that quickly...

<Doesn't answer it at all, just talks about Doge and how it's a joke>

I'll ask again. What problem does *Bitcoin* solve that Doge does not?

I'll ask again. What problem does *Bitcoin* solve that Doge does not?

Who the hell is talking about it becoming the world currency? all it needs to do is be worth a penny someday and anyone taking it seriously as an investment today will be rich. Bitcoin needs to make it to $10k for the same type of payoff. Considering they both do the same thing, I think the odds of each case favors Doge.

I think you guys are missing his point, or I'm giving him too much credit .. he is suggesting that from a technical standpoint, there isn't anything one coin can do that another can't do.  In fact, it's sort of a self-evident statement, assuming that the source code is public.  Technical strengths and weaknesses aside, it's simply a matter of what "the people" choose.  Marketing, that is.  This should concern anyone who invests heavily in one coin expecting it to be "teh winnar".

I think you guys are missing his point, or I'm giving him too much credit .. he is suggesting that from a technical standpoint, there isn't anything one coin can do that another can't do.  In fact, it's sort of a self-evident statement, assuming that the source code is public.  Technical strengths and weaknesses aside, it's simply a matter of what "the people" choose.  Marketing, that is.  This should concern anyone who invests heavily in one coin expecting it to be "teh winnar".

Doge doesn't have to be 'the winner', it just needs to form a niche and be useful to achieve a value of a penny or more. Moving value around quickly and cheaply is the whole point to this, no? or are you naive enough to think bitcoin will create a transfer of wealth and freedom back into the hands of the people? please.

Doge doesn't have to be 'the winner', it just needs to form a niche and be useful to achieve a value of a penny or more. Moving value around quickly and cheaply is the whole point to this, no? or are you naive enough to think bitcoin will create a transfer of wealth and freedom back into the hands of the people? please.

This is true for most consumer products or brands. The rule of 7 is a good rule, but it mostly applies in situations where consumers are complacently making day-to-day transactions and not really paying close attention to anything outside of their little bubble.

If you apply the rule of 7 to things based on ideology or necessity it falls apart quickly. I think many people will realize the necessity of decentralized crypto currencies while using Dogecoin or Bitcoin; the only difference is that Dogecoin has no hope of maintaining a consumer base once the users determine crypto currency is considered a necessity.

Imagine Dogecoin as a Global Reserve Currency... It's absolutely not going to happen. Human psychology would literally block it out with full force.

I'm not saying Dogecoin is bad; on the contrary. It's like a doorway to crypto for a large number of people. It's a good thing for the long term.

I'm illustrating my opinion as to why I don't consider it to be a contender with Bitcoin in the global finance arena...

Psychologically, people would rather put their life's wealth into a currency used by all manners of snobby, greedy, and elitist people rather than a currency based on a funny dog meme...

I'm sure there are plenty of people here who will disagree with my opinion.

Dogecoin will for sure be the 2. Coin after BTC

Arguments:

http://tuxedage.wordpress.com/2014/02/06/a-serious-analysis-of-dogecoin-or-why-i-am-all-in-on-dogecoin/

I'm having a hard time keeping up with your point here...

We must have been thinking of two completely different problems when you asked about Bitcoin and Dogecoin referring to the problems that one could solve absent the other...

I hope Doge does get a niche, and I hope plenty of people can prosper from it. People can learn about the "ease of use" with Dogecoin because they can just toss it around without feeling any remorse and then graduate into Bitcoin.

Bitcoin might not win the currency race, but you can guarantee whatever currency prevails will be a better "transfer of wealth and freedom back into the hands of the people" as you put it. The roots within that statement are the most powerful human force on Earth. You can be very sure that people will choose to use whichever contender suits that purpose the best.

Quote from 'Wallstreet' "the rich have been sticking it to the poor since the beginning of time." Bitcoin isn't going to change that, sorry. By the time we have a crypto as the world currency you can bet the same bastards who own everything now will own that.

I'll ask again. What problem does *Bitcoin* solve that Doge does not?

It isn't that Bitcoin solves a different problem it is that is solves it better.

How many merchants accept Bitcoin, how many accept Doge?
How many well run, highly capitalized solution providers like BitPay are building infrastructure around Bitcoin?  How many around doge?

There is something called the network effect and no passing a few pennies between users isn't a network effect.  Bitcoin is still in the infancy but the number of merchants willing to accept it is growing.  As long as it is growing the network effect will grow with it.  When an Overstock, Wordpress, or even Kongregate starts accepting Doge you might have a point.

Your logical fallacy would be like me inventing a totally incompatible cellphone called a dogephone and this dogephone could only be used to call other people who have dogephones.  Right now 99.99999999999999999% of the people on the planet have no interest in getting a dogephone because their cellphone works just fine.  When you point that out to me I say "what problem does a cellphone solve that Dogephone does not?"

And you think doge coin will bring equilibrium and wealth redistribution.
Top 100 Richest Addresses    22,185,998,666 DOGE ($31,353,896 USD) 43.45% Total
Top 100 Richest Addresses    2,634,329 BTC ($1,681,655,602 USD) 21.24% Total

The situation will get even worse over time.  Doge was designed with an incredibly steep subsidy drop off.  50% of coins were mined in the first month.  75% will be mined in the first couple months.  99%+ in the first year.   Someone getting involve in doge in 2015 would be like someone getting involved in Bitcoin in 2108.    The first block subsidy was up to 1M coins (random).  Less than a year later it will be a fixed 1 coin.  

Serious and Dogecoin in one phrase. And you don't see anything wrong with it ? :)))

So you've managed to read the headline! Congrats! Much wow!

Did you read the news? The clone has issues with a bug fixed a year ago by bitcoin :)))))))))))

Trust these guys? devs? LMAO
https://github.com/dogecoin/dogecoin/issues/250
Even a duck fight is more productive

I hold a stake in both bitcoin and dogecoin and it interests me.  I'm just trying offer my speculation and I knew that it wasn't going to be popular because my speculation is bitcoin is trending down.  I get the feeling from reading around here for some time that  people expect that it's going to bounce back up to the $1200 and continue on up "to the moon" as you like to say.  I just don't see it.  If Apple's stock or Google's stock or Facebook's stock isn't worth $10,000 a share I don't see any reason why bitcoin should be worth $10,000 a coin.  Wishful thinking IMO.

I refuse to believe that an individual named Satoshi who wrote a computer program to basically copy a system that was already in place (a digital payment system via bank apps, paypal, etc. etc.) is going to change the way money is exchanged in the future.  There are far too many more powerful people who will be taking that role.  Sorry Satoshi.  Sorry investors. 

The value of bitcoin could tank or it could go further up, the same as Dogecoin, the future is undetermined. So the common phrase, "don't put all your eggs in one basket" rings true for me here. Considering that Dogecoin is a small investment in comparison to bitcoin, it certainly appears less risky, a small amount of money could potentially give hefty gains later on, if not no big deal. I believe this is the mentality of alot of people buying into dogecoin right now.

This is absolutely, one-hundred precent, in your head.