Be right and sit tight.

The first part of the two is easy.

It will, when crypto currencies in general get out of this dip, the better half of that long tedious road is complete, won't be long now.

Mining business is more serious and risky than just buying and holding coins. I wouldn't recommend to mine or trade coins, buy&hold strategy gives the best results in the long term for most people.

True. But by the end of 2014 there should be a significant rise, at least double from current price.

10k-1kk, depends on which year you want to become a millionaire, 

How do you determine the value?

If enough demand exists that makes this initial excessive inflation somewhat neutralized, (and we can see the evidence of that in the price, it's holding the 100 satoshi level really good), then we really can discount the first year of Dogecoin supply inflation. Think of it as if it's a Proof-of-Stake coin with 100 bln initial coins and then 5% yearly after that, except that the initial 100 bln. coins were not created at genesis block, but their creation spread over a period of 1 year, which should ensure a more fair initial distribution than any PoS coin.

By the time the public becomes familiar with crypto currencies enough (and this adoption process takes months and years), Dogecoin will have its initial 100 bln mined, and then it will be a fixed 5% yearly, while Bitcoin will still have a ~12%->8% yearly inflation in 2015-2020.

It's not a false statement that less available coins on the market drives the price higher. It really does, provided there is enough marketing happening. Of course, if A coin's users just hoard, but don't do anything, don't faciliate or promote adoption among merchants, don't create publicity events, then the value won't go up, as there are no new users buying into the coin. Dogecoin community is working their asses off to market the coin and have merchants accept it (if you frequent reddit you know this), the only other community that puts equal or more efforts is Bitcoin, but they are way larger and years ahead, so it's natural. Other coins don't even compare. I see Dogecoin's market cap at least on spot #3 this year, and that's supported and confirmed by the trade volume too.

There is no such thing as bad publicity. Sure, you can always do better and find better target audience, but it takes too much money to advertise to millions, and Dogecoin is doing its best with the money it can get from donations, and it's not much really, $50k is not much to get a really huge and perfect advertising campaign. However, it was not lost, Dogecoin was noticed.

Now, you talk about daily usage. I think the general trend with any crypto currency now is to buy and hold, not use. People who buy them want to get rid of fiat, because fiat is being printed much faster than any crypto currency, so why not spend a depreciating currency (USD, Euro, Yen, Yuan) and keep the one the supply of which is at least growing predictably and which is undervalued. It was a usage peak in January, yes, because it coincided with generally more interest for cryptos, Bitcoin was making the news more at that time + it was easier to mine doges back then and just give them away at faucets. Now that it's harder to mine, sure, there are less transactions, as doges are being hoarded, people don't give them away as easily as back then.

Dogecoin is more designed to be everyday internet currency, because: a) its supply is not capped (although this effect will be visible in a few years only, as in 2015-2020 Dogecoin inflation will not exceed that of Bitcoin, Bitcoin's monetary inflation will actually be larger for the next 5 years starting from 2015); b) it has more whole units, which appeals to human psyche, people want to feel rich having a lot of whole units of currency, not a measly fraction of a Bitcoin; c) there is no history of shady business in Dogecoin, no money launderers or drug dealers, which appeals to even more people, who don't want to touch Bitcoin for fear of being associated with any shady business. Dogecoin makes it easy for them to try crypto currencies, as it's cheap, and many stay with what they have learned.

Isn't the situation the same with Bitcoin? If you want to acquire any crypto, you at least have to do a little bit of research. It takes as little as 5 minutes of googling to find how to buy doges with paypal, and it's really easy to do. If someone is genuinely interested to buy some doges, is a 5 minutes time to invest into research such an unsurmountable task? Nobody's going to spoon feed cryptos, it's your own money, you can keep the money in the bank and hope that you won't be bailed-in, or you can do research and diversify. You can lead the horse to the river, but can't make it drink. With that in mind, I don't see your point.

a) people come to reddit.com/r/dogecoin
b) they ask how to quickly buy doges
c) in reply they get a few links, and in a few minutes they are set.

I mean, it's the internet, you have to have basic skills to be able to google and click on links, download files, and just be around computers for a while to be able to use crypto currencies. If your average joe isn't able to do that, or too lazy to learn basic skills, there is no hope for that average joe then, no matter what crypto currency, dogecoin or not.

Besides, Dogecoin attracts youngsters, youngsters are more sociable and share ideas more easily, each Dogecoin user on average brings in another 3 Dogecoin users, hence network effect is faster than with other cryptos.

If you were around markets and trading longer, you would know that all ratings usually have sponsors or founders who 'like' certain items to be at the top and competition to be at the bottom Do not ever trust ratings, do your own due diligence, is the best piece of advice you can get choosing what to invest in.

Correct. That is why Bitcoin is not fit to be an every day internet currency. What it does best is perform the store of value function. As for exchange for goods and services I think Dogecoin has a good chance to become that every day internet currency for circulation.

The future will be multi-faceted, NXT has good chances to be one of the main facets.

Yes, it's good for publicity, but everything has its cost

Huh, what are you talking about? There is no difficulty in acquiring Dogecoins. If you have a verified paypal account, you can get it in in minutes.

It seems you have your definitions mixed up a bit.

Purely deflationary currency means its supply is frozen. Technically Bitcoin is inflationary, because new supply is constantly added to the market. If demand exceeds this supply, there can be periods of deflation, when prices drop, but this is deflation of goods priced in that currency. However monetary inflation of Bitcoin is still there, although it may not be visible. Here is a link for you: http://en.wikipedia.org/wiki/Monetary_inflation

Only Proof-of-Stake currencies can be considered deflationary in the strict meaning of this word, because their supply is fixed and not growing after genesis block.

Bitcoin will become deflationary when the last bitcoin has been mined into existance, but it's still a few years away.

Here is a balanced mid-to-long term crypto currencies portfolio you can check out.

Proof or didn't happen 

For many people, yes, altcoins are just an instrument to get other people's bitcoins.
But, isn't bitcoin just the instrument to get other people's fiat as well?
And isn't fiat just the instrument to get other people's material assets?

You see, this logic applies from top to bottom.

Rebalanced some assets back and forth as the situation develops, modified the original post.