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Title: This is your last chance to jump on the Doge train before it explodes Post by: InsiderMaster on February 22, 2015, 06:08:45 PM The final reduction in rewards is on the 25th. After that it will proceed to at the very minimum QUADRUPLE in value over the next month. You have been warned.
Title: Re: This is your last chance to jump on the Doge train before it explodes Post by: TrianglePythagoras on February 22, 2015, 06:13:12 PM I have a feeling it's only going to double. I mean, it's doge.
Title: Re: This is your last chance to jump on the Doge train before it explodes Post by: InsiderMaster on February 22, 2015, 06:19:07 PM I have a feeling it's only going to double. I mean, it's doge. It will surely more than double. Even if it "only doubled" that would be a 100% profit. Not too shabby. Title: Re: This is your last chance to jump on the Doge train before it explodes Post by: avw1982 on February 22, 2015, 06:20:33 PM I'm not sure it will doubles. A lot of other coins had halving before and that also happend with the price.
Title: Re: This is your last chance to jump on the Doge train before it explodes Post by: pedrog on February 22, 2015, 07:32:44 PM I don't think there's a correlation between price and halving, nevertheless I bought a few doge lately.
Title: Re: This is your last chance to jump on the Doge train before it explodes Post by: celestio on February 22, 2015, 07:34:18 PM I don't if there's a correlation between price and halving, nevertheless I bought a few doge lately. Almost every other price halving in doge has resorted in the price going down, not up. This is because of Dogecoin's endless inflation(Doge has no upper limit on the # of coins). So, it's practically impossible for dogecoin to sustain a decent price longterm as there is no scarcity and never will be. Title: Re: This is your last chance to jump on the Doge train before it explodes Post by: pedrog on February 22, 2015, 07:50:20 PM I don't if there's a correlation between price and halving, nevertheless I bought a few doge lately. Almost every other price halving in doge has resorted in the price going down, not up. This is because of Dogecoin's endless inflation(Doge has no upper limit on the # of coins). So, it's practically impossible for dogecoin to sustain a decent price longterm as there is no scarcity and never will be. Is this the last halving? Title: Re: This is your last chance to jump on the Doge train before it explodes Post by: nachoig on February 22, 2015, 08:04:02 PM I don't if there's a correlation between price and halving, nevertheless I bought a few doge lately. Almost every other price halving in doge has resorted in the price going down, not up. This is because of Dogecoin's endless inflation(Doge has no upper limit on the # of coins). So, it's practically impossible for dogecoin to sustain a decent price longterm as there is no scarcity and never will be. Is this the last halving? Yes, the rewards will decrease from the the currently 15625 DOGE to 10000 DOGE at the block 600000 and will stay at this rate forever. Title: Re: This is your last chance to jump on the Doge train before it explodes Post by: nachoig on February 22, 2015, 08:17:48 PM Halving don't mean the price will go up this is a myth. The only thing what will happen is miners will switch to other coins when they don't get enough money for they hard mined coins. This means without a big pump doge is dead in cold water. Just to remember, Dogecoin has merged mining with Litecoin. Current price is 60 satoshi, so the reward in Bitcoin will be 600000 satoshi. Title: Re: This is your last chance to jump on the Doge train before it explodes Post by: sdmathis on February 22, 2015, 08:27:04 PM The final reduction in rewards is on the 25th. After that it will proceed to at the very minimum QUADRUPLE in value over the next month. You have been warned. The reduction in rewards usually have no affect on the price, and why would it? It doesn't reduce the money supply. It only slows the growth. Doge may (or may not) explode, but the reduction in the reward will have nothing to do with it. Title: Re: This is your last chance to jump on the Doge train before it explodes Post by: cinnamon_carter on February 22, 2015, 08:33:21 PM no thanks, just let it be gone
Title: Re: This is your last chance to jump on the Doge train before it explodes Post by: cakir on February 22, 2015, 08:48:22 PM It's not gonna double it's value. Maybe it's gonna but it'll be because of whales not halving; then they'll dump of course.
Title: Re: This is your last chance to jump on the Doge train before it explodes Post by: PhattyBanks on February 22, 2015, 09:29:45 PM tuff to get a good pump going with the Chinese on holiday
Title: Re: This is your last chance to jump on the Doge train before it explodes Post by: Piston Honda on February 23, 2015, 03:27:13 AM I like the fact that unlike BTC, we don't see much sell resistance for Doge and we have an easy path up. Just bought some! lol doge...*sigh* fun and all, but it's NOT going anywhere... sorry to break it to you. do the math. Title: Re: This is your last chance to jump on the Doge train before it explodes Post by: runpaint on February 23, 2015, 03:39:43 AM The reduction in rewards usually have no affect on the price, and why would it? Because the minimum value of a proof-of-work coin is the amount of electricity it takes to mine 1 coin. If you spend $1 to mine 1 coin, you're not going to keep mining it and sell it for less than $1. When the block reward is reduced, you are now spending the same amount of electricity for less coins. If you were spending $1 worth of electricity for 1 coin, and selling it for more than $1, but now you're spending the same $1 for .75 of a coin, you will have to start selling for more than $1.50. Of course if half the people stop mining, then you start earning twice as many coins for your electricity. But Dogecoin is big enough that it can't lose all its miners overnight. Merged mining can be a big problem for some coins - if you're mining Vertcoin and already selling your coins for a profit, then suddenly you are getting another coin for free, you can dump those extra coins for any price and it's 100% profit. So it's not great for a smaller coin to merge with a bigger coin. If both coins are roughly equal in the size of their networks, then maybe the price of both coins gets cut in half and you can pay for half your electricity with each coin. But if Litecoin miners are merge mining Dogecoin, then there is no danger of miners dropping out after the block reward is reduced. They would also have to stop mining Litecoin, and they won't do that just because Dogecoin is slightly less profitable. Therefore, difficulty will remain the same, while rewards will be reduced, which means people will have to sell Doge for a higher price to continue paying their power bill. do the math. Unfortunately, a lot of devs have no idea what they're doing. Satoshi had a pretty good plan, and Bitcoin's price is forced to increase by 2 separate mechanisms: increased difficulty and decreased rewards. Now that Dogecoin will never reduce rewards again, the only way the price will ever go up is if more miners start mining. But if Bitcoin goes mainstream, then it will bring Litecoin and Dogecoin with it. Bitcoin's price will continue to rise as long as people keep using it, while Dogecoin's price will be more similar to fiat currencies. But fiat currencies also work, for a while anyway. Title: Re: This is your last chance to jump on the Doge train before it explodes Post by: sdmathis on February 23, 2015, 03:49:55 AM The reduction in rewards usually have no affect on the price, and why would it? Because the minimum value of a proof-of-work coin is the amount of electricity it takes to mine 1 coin. If you spend $1 to mine 1 coin, you're not going to keep mining it and sell it for less than $1. When the block reward is reduced, you are now spending the same amount of electricity for less coins. If you were spending $1 worth of electricity for 1 coin, and selling it for more than $1, but now you're spending the same $1 for .75 of a coin, you will have to start selling for more than $1.50. Of course if half the people stop mining, then you start earning twice as many coins for your electricity. But Dogecoin is big enough that it can't lose all its miners overnight. Merged mining can be a big problem for some coins - if you're mining Vertcoin and already selling your coins for a profit, then suddenly you are getting another coin for free, you can dump those extra coins for any price and it's 100% profit. So it's not great for a smaller coin to merge with a bigger coin. If both coins are roughly equal in the size of their networks, then maybe the price of both coins gets cut in half and you can pay for half your electricity with each coin. But if Litecoin miners are merge mining Dogecoin, then there is no danger of miners dropping out after the block reward is reduced. They would also have to stop mining Litecoin, and they won't do that just because Dogecoin is slightly less profitable. Therefore, difficulty will remain the same, while rewards will be reduced, which means people will have to sell Doge for a higher price to continue paying their power bill. do the math. Unfortunately, a lot of devs have no idea what they're doing. Satoshi had a pretty good plan, and Bitcoin's price is forced to increase by 2 separate mechanisms: increased difficulty and decreased rewards. Now that Dogecoin will never reduce rewards again, the only way the price will ever go up is if more miners start mining. But if Bitcoin goes mainstream, then it will bring Litecoin and Dogecoin with it. Bitcoin's price will continue to rise as long as people keep using it, while Dogecoin's price will be more similar to fiat currencies. But fiat currencies also work, for a while anyway. Totally irrelevant. The price is simply supply and demand. Look at history. The cost of mining never causes the price to rise. Mining (at any cost) always applies a downward pressure on the price. Title: Re: This is your last chance to jump on the Doge train before it explodes Post by: runpaint on February 23, 2015, 04:01:50 AM Totally irrelevant. Price is simply supply and demand. Look at history. The cost of mining rarely enters the equation. Supply and demand? Where does the supply come from, and how much does that supply cost? How much demand will there be to buy a coin for twice the price of mining it for yourself? The cost of mining is the most important factor in the price of any real cryptocurrency, including Bitcoin, since the beginning of Bitcoin. That's why there are mining calculators - because electricity bills don't pay themselves. You can ignore the cost of mining, but only for a month. Then you won't be mining anymore, because you won't have any electricity, because you were selling for unsustainable prices which were lower than your mining costs. Then the other people who have common sense will still have electricity, and they will continue selling for more than their mining costs, and the coin's price will still be determined by mining costs. There are speculative bubbles - people paid $1000 for bitcoin because it will cost more than $1000 to mine a bitcoin, in the future. Why did the price come back down? Because there are still plenty of people who can mine bitcoin and sell it at a profit for $200, so that's what they do. The price is determined by mining costs. If it cost them $1000 right now to mine 1 BTC, then the price would be over $1000 right now. Of course there are coins that don't cost anything to produce, and those coins have no real value because they were made for free. Title: Re: This is your last chance to jump on the Doge train before it explodes Post by: tss on February 23, 2015, 08:01:24 AM dear doge.
you are not going to double or quadruple. you will stay the same and drop over time. you will still exist. such success not much wow. Title: Re: This is your last chance to jump on the Doge train before it explodes Post by: twister on February 23, 2015, 08:06:44 AM Quote This is your last chance to jump on the Doge train before it explodes Why would I want to jump on a train which is going to explode? :P ;D Title: Re: This is your last chance to jump on the Doge train before it explodes Post by: DecentralizeEconomics on February 23, 2015, 08:20:41 AM Quote This is your last chance to jump off the Doge train before it explodes in flames! FTFY http://i61.tinypic.com/xq9v06.png Title: Re: This is your last chance to jump on the Doge train before it explodes Post by: iGotSpots on May 12, 2015, 08:10:56 PM When I was at NASA, I was talking to a few media staff from big agencies once word got around I knew about Bitcoin. While Doge was a common theme, it was nothing more than a bad joke to people with real money
The entire market cap of digital currencies has shriveled in terms of real world wealth. While a lot of that is being taken out by short sighted project like Doge, the real world, big boy money is on the 99% of digital development that is done off these forums Bitcointalk, and what is popular here, is just the chum left over after the sharks are full. Even the most popular coins on these forums are nothing but scraps and a test for others to save money on R&D. We are all basically working for free and hoping our idea or plan to scale is the best The time for jokes and in-fighting has passed and now the smart people have become a lot more serious Title: Halving does not equal price increases (do your homework kids) Post by: Spoetnik on May 12, 2015, 09:13:37 PM I agree with Spots and now I am curious what you were doin' with the moon-men ? hmmm ?
Wheelin' & dealin with little green men huh ?? ..I knew it !! But ya Doge was (and still is) a bad joke and bad as in a joke that is not funny bad.. an irritating meme you would hope that would just go away already. And all Doge was to people was a vehicle for guys with some cash to play around with to use it to slap around the stupid and gullible. A tool. And there is many look around.. all these things are identical really. Tools for people with some investment money to take the money from the poor and stupid. I'm tired of telling you all even though 99% of you all out there are finally seeing what I have said since day one. Go read what I said on the Doge ANN topic when it came out.. then notice how NOBODY agreed with me and ALL of you attacked me non stop. then notice how the massive huge crowd evaporated *just like I said it would. So many mouthy idiots and so much verbal diarrhea has been spouted by Doge Tard's online.. I've heard it all.. One little lippy shit got has little 12 year old buddies ganging up on me defending Doge on Cryptsy's IRC channel way back and I laughed at him when he told me matter of factly that Litecoin (LTC) was a rip off clone of Doge coin. Yup.. that is how fucking god damn stupid some of you are.. and that is the bad joke. Parting money from idiots and brats and when you try and help them or warn them they attack you and double down on the stupidity even more LOL If you can't be helped then drown.. Title: Re: Halving does not equal price increases (do your homework kids) Post by: iGotSpots on May 12, 2015, 11:01:54 PM I agree with Spots and now I am curious what you were doin' with the moon-men ? hmmm ? I was there for this launch: http://www.gorillastake.com/CRS6.html (http://www.gorillastake.com/CRS6.html) helping spread the word for them with social media. There was a lot of down time which which I got to speak with the mainstream media, as well. We all basically had the same access, but rode different buses. I was also at all the press conferences for it that streamed live and on NASA-TV. Very smart people, very welcoming atmosphere. If you're interested, come to IRC #MMXIV on Freenode, I have a ton of pictures Title: Re: This is your last chance to jump on the Doge train before it explodes Post by: billotronic on May 13, 2015, 12:15:24 AM The time for jokes and in-fighting has passed and now the smart people have become a lot more serious are you retiring? please dont.... i think youve got a few more coins left in you this year Title: Re: This is your last chance to jump on the Doge train before it explodes Post by: shanem on May 13, 2015, 03:33:50 PM I still don't believe dogecoin will go above 50 satoshi anytime soon.
Coin supply is too much and many people are tired of it by now. They is no novelty in dogecoin. Title: Re: This is your last chance to jump on the Doge train before it explodes Post by: bram_vnl on May 13, 2015, 04:21:08 PM Quote This is your last chance to jump on the Doge train before it explodes Why would I want to jump on a train which is going to explode? :P ;D thats funny, doge is to explode bye bye Title: Re: This is your last chance to jump on the Doge train before it explodes Post by: runpaint on May 13, 2015, 06:45:26 PM While a lot of that is being taken out by short sighted project like Doge, the real world, big boy money is on the 99% of digital development that is done off these forums Doge is short-sighted, that's true. They didn't have enough long-term planning to give out 10,000% staking interest, which helps a coin increase in value over a period of several decades. Title: Re: This is your last chance to jump on the Doge train before it explodes Post by: fishy91 on May 13, 2015, 09:10:27 PM I still don't believe dogecoin will go above 50 satoshi anytime soon. Coin supply is too much and many people are tired of it by now. They is no novelty in dogecoin. It's going back down again now, I don't think dogecoin will go above 50 satoshi anytime soon either. Title: Re: This is your last chance to jump on the Doge train before it explodes Post by: Braino on May 13, 2015, 09:16:45 PM Dogecoin the original Shitcoin still lives. This says lots for other altcoins
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