Bitcoin Forum

Doge is currently recovering from a large bubble that has done massive damage to the currency. At its peak, the price of doge hit a staggering $.00216 in such a short lifespan, and has since declined 88% to $0.000358USD. Although this was a case of pump and dump, the doge community has done more for crypto in recent times than even bitcoin. The power of crowd-funding and multiple incredible displays of its hive-mind at work, has propelled Doge to the forefront of cryto alongside bitcoin and litecoin. Doge's inflation rate is massive to say the least, at the end of its current cycle, 100 billion coins will have flooded into the market. In essence it is a miners currency with amazing returns, however its short halving cycle makes this profitability short lived. If the price of Doge does not rise, it will be economically unfeasible to mine outside of powerful ASIC's. Even then miners will undoubtedly turn their attention to more profitable coins outside of those who seek to protect large investments. To offset this, the doge plan has been to raise awareness of the currency, to get regular folks involved. Doge has successfully gotten a bobsled team to the Olympics and has sponsored a car in the talladega races however the price is still floundering. Despite the millions that were undoubtably made aware of Doge, the Doge user base mostly consists of people involved in crytpo currency already. One huge problem, one that is very difficult to alleviate is the lack of accessibility. It is not easy to buy doge at all, can you imagine mom or dad trying to buy a crytpo currency? There is no coinbase equivalent available and this is the Achilles heel of doge. Doge desperatly needs to build its hash rate and increase its market cap, something that seems unlikely at the moment, and is an incredibly unattractive investment. Why would the common person jump through hoops to buy Doge when they can directly buy goods in fiat? Why would an investor seek out doge when million of coins flood the market daily? In the background potential of hashrate attacks which had the community worried, the leadership of doge seems to have fractured another worrisome sign.

Please sell you doge now, we don't want you.

If doge holds its current price until the next halving I think the coin will have a long and prosperous life.

At best dogecoin was a sheep herding exercise; at worst an intentional attack on bitcoin. Apart from using a lame meme and huge corprorate juggernaut resources for promotion, what innovation did doge provide?

Answer == none

Dogesheep response: Fuck you, our coin is such wow awesomeness. It is much woof!

My response: Fuck you slave sheep, doge was a scam and you were a greedy fuck moron for embracing it. You're the reason we can't have nice things.

Thanks!    8)

WoW such hate :D

They have raised alot of money for good causes and gave some more publicity to cryptocoins but otherwise you're right.

not sure if you're trolling..

DOGE is kind of like a dog, very prosperous and energetic for a short time, but the life span is short. It did some amazing things for crypto and for some amazing people and causes! It is heartbreaking but it brought us joy while he/she was here! It is time for me to let it go and make up my losses elsewhere. Good luck to all those people that were on the DOGE train with me. I will see you on the other side!

Matrix Revolutions quote: Everything that has a beginning, has an end.

https://i.imgur.com/7gGFJby.jpg

It seems like many disagree with you: Dogecoin was the fourth most traded coin in the last 24h, and the price has been fairly stable for a week now.
Imho, the bottom has been reached. /r/dogecoin is still the second most popular subreddit about cryptocurrencies, Twitter's tipbot is getting used by many of the 160000 persons who follow #dogecoin, a tipbot has been approved for facebook today, dogecoin is still the second most used coin for commerce, etc.

Thousands of people are emotionally attached to this coin, that's why it will survive no matter what happens, even if there is no fancy technology or algorithm behind it.

haters gonna hate  ;)

Every month, theres always a forum post with '<insert coin name here> is doomed to die'

Join the queue please

Yeah, it's sad to see how divided and pessimist the cryptocurrency community can be.
We should never wish for the demise of another coin, instead we should focus on our primary goal: the demise of fiat!


http://imgur.com/e5JqvgL (http://imgur.com/e5JqvgL)

Not yet.

+1

a community of wolong-dick-suckers. now he has pulled out and bagholders lost 55%. You think cryptocommunity will buy it back to old price? No, you need to find wolong and suck his dick again so he can pump it up again for you.

I fully support and applaud any good that has been done in the name of dogecoin. Like the fiat world, good is done on a daily basis, even though the general system is inherently corrupt.

I believe however that dogecoin was planned and released by those looking to PRESERVE fiat though a well calculated attack similar to:

The tulip initiative

1) Release cryptocoinclone based on silly meme and work to immediately discredit and mock Bitcoin concept as a whole.  Slowly ingrain in general populace concept that, like meme, cryptocoins are overall silly joke/fad that by nature must eventually fade away. TULIPS TULIPS TULIPS. Number one target of course for attack being Bitcoin.

2) Use global corporate marketing juggernaut to promote "meme"coin in every possible forum: Print, web, radio, TV, and most importantly, social media. Establish a "cool" factor for "meme"coin and watch/allow PWOM (positive word of mouth) snowball effect to take over.

3) Direct initial propaganda toward those unaware of Bitcoin or alternatives. Increasingly direct attack toward those most likely to latch on to "get rich quick" schemes. Once "real world value" (fiat) is lost in "meme"coin market, PWOM will reverse. Negative feeling will trickle from "meme"coin to all cryptocoins. Bitcoin concept will start to be looked upon by general populace with malice. Fiat, more than ever feels like safe haven to initial "meme"coin adopters.

4) Flood market with clones of clones of clones to continue the effect of #3, which has added benefit of simultaneously discouraging true innovation due to market supersaturation.

5)...

You're assuming in this that Dogecoin users are anti-Bitcoin. We're not. Many of us started with Bitcoins and thought that the concept of cryptocurrencies was incredible, and that it could impact the world in many ways. We just don't believe that having one universal currency is viable; it makes sense to have a currency for each community, whose value grows with the growth of the community - it's the same reason why USD is not the sole currency of every country. I, for one, consider that Bitcoin is the best coin for large transactions and store of wealth, but Dogecoin is more fun to actually use because it has built this whole ecosystem around it that is quite different from what any coin has ever done.

And we've had no "global corporate marketers" on our side, all of the publicity came from action in which we collectively engaged.

And point #4 makes no sense, the dogecoin developpers were not involved with any other crypto.

Let's not have a war between our ranks, Dogecoin is not trying to steal a part of Bitcoin's market cap, but rather to introduce people to cryptocurrencies as a whole through an ecosystem and community that is accessible to all.




Or have patience and wait for organic growth when the real demand (more than a few pumpers) will be higher than the supply so the price will go up?

whatever happened with those doge coin ATMs?

Moolah's dogecoin ATMs have an ETA for this summer. However, there are a few multi-currency ATMs who accept Bitcoin, Litecoin, and Dogecoin. Like that one: http://www.cryptocoinsnews.com/news/logicoins-multi-cryptocurrency-atm/2014/06/06 (http://www.cryptocoinsnews.com/news/logicoins-multi-cryptocurrency-atm/2014/06/06)

for what started off as a joke coin it has become one of the mainstream and most used coin!
dead? no
doge will be around and used/traded for a long time to come

It dropped in price due to all the Noobs with ASICs that pump and dump, drove the price down, If you buy and hold and wait to sell when you need to it will keep the price higher... but there needs to be more people that buy it than sell... but that goes for all the Alt coins lol

Maybe.

But the fact that it was created as a joke...says the seriousness of the originators.

Yes sure they put a doge coin ad on a nascar racecar. How did that do?

Looks like doge is down in the dumps right after it.

I think the Doge supporters should rally and buy... buy as much as you can.

Agree Currently best option is buying and I am also buying as much I can then hope its take some good feedback

The few devs that have created the majority of the altcoins were in effect Bitcoiners, wasn't the huge influx of altcoins simply a response to Litecoin's price rise from a few cents to $5+

Divide and conquer - make altcoiners look moronic by introducing hundreds of coins and have them go around in circles chasing their tails this forum section should be all the proof you need to see its been pretty successful.  ;D

If Doge coin will die, who will be on top? Monero? 

Maybe. Why not? There is a lot of guys here who always talking that monero will bla bla conquer the bla bla bla world. But you know... after you reading monero's thread you have the same feeling...

Was that a quote from the Talmud?

Will they truly manage to create a long-lasting and healthy community like only Bitcoin and Dogecoin managed to, or is it simply part of the anonymous coins fad?

I honestly wanted to buy dogecoin, not aiming any profit. Just because its freakin DOGE. Long life to doge.

Since Doge brought only the stupid and annoying logo as well as "wow", "such", "many" and other shit, I would love to see it completely dead. I'm completely annoyed by such jokes of coins, plagiarism at its finest. Shame on developers, shame on community that is so shallow-minded.

i want to see dogecoin make it so all these haters and griefers throw themselves off buildings in frustration. 

i have yet to see another altcoin that has ended up being on a race car ect

agree with you becarefull of chart doge always going down slowly

Shallow-minded? It's you who seem to be, for failing to see that Dogecoin's community is more than a meaningless thing based on a meme.

basically what you said is correct.. except the results varied -

hai guise

Doge is fighting hard for survive and I hope he will be back on his best already going very good in last few days

Dogecoin did indeed resurface to something of a comeback... Hopefully its not just a pump, like could be going on (went on and is now coming to an end) with most of the long-term coins I hold.