I try. Sometimes it works, sometimes it doesn't, and trust me, I always try to think about things logically. Now, imagine a lot of people aren't that logical. Trying to think that way won't work for them each time, and they will choose a different coin where they don't have to rack their brain like that, but instead feel rich and have fun

Because being able to only afford 0.3 BTC makes you feel like a loser. At the same time for the same money you could afford to buy 250k Dogecoins and feel rich. I don't think many people want to feel like losers and most people want to feel rich, that's a no-brainer to me.

Yes, Bitcoin is ahead now, because it was the first, but really, why didn't Satoshi just make the limit of 1 trillion bitcoins? That number would be enough for everyone to feel rich. Don't tell me about millibits shit, people like 'whole', they don't like 'part', millibits aren't appealing when you clearly understand you're a loser because you only can afford 0.3 of a 'whole' BTC. That's why numbers of Dogecoin followers are growing like bees, because they love to own 'whole' coins, thousands of them. Human psychology is too important a marketing aspect to ignore.

Just be realistic and don't expect a quick price rise. Imagine that a lot of new people will hear about Dogecoin for the first time, they will need to do some research, which can take them at least a week at best or longer, those who will want to buy Dogecoin will need to get verified at exchanges, transfer some funds there, etc., this will take another week at best. Somewhere around end of May is when a lot of buying should start, no sooner.

If you're bad at handling money, you'll end up in debt, bitcoin or not.

Let's hope, but it doesn't really matter. Dogecoin will be spoken of regardless, and that's what matters

and the dogechain has spoken! 200 000 blocks, yay!

500+ different coins?! wow, that's a sure sign you have no clue what you're doing, dude
I mean, how do you even remember their names, what they are up to, how do you follow news around them, etc?

I'd recommend to keep the portfolio under 5 different coins, or if you have too much free time on your hands - under 10 different coins, not more, choose those that have the best prospects. That way you can keep focus and stay alert to new developments with those coins.

Some alts (from top 10 on coinmarketcap.com) are already available for purchase directly with fiat.

Nothing unusual, hold tight, 90 satoshi floor will not be violated. Two and a half days till the halvening, then it'll get easier.

Can't wait for it, only 3 more days of excessive dumping by the multipools and then the price slide will have a breather, and hopefully will establish itself at higher levels.

The reason is people are like you now, a bit scared to buy in anticipation of the block halvening, but if you have a good look at the chart, you will see that the price is bottoming out, actually it already did bottom out at 90 satoshi 2 weeks ago, and now it's finding strong buy support, bears are unable to break it down lower, and that even with all those 250k per minute new doge mined. Imagine when the reward is cut in half in 3 days. 150 satoshi will be the new floor in May. So there is a lot of movement right now behind the scenes, strong hands accumulating cheap coins, that's what it's called.

Although it's true that PoS is much more protected, there is one PoW coin - Myriadcoin, that is technically considerably more secure than other PoW coins. Attacker would have to gain 51% hashpower in more than one (probably all 5) independant algos, otherwise, the network would still run without interruption.

I don't agree that everyone mines just to get BTC cheaper. There are some who mine only to dump to get BTC, that's true, but far from all, in Dogecoin at least. Some initially got in to get BTC cheaper, but then decided to keep some of their Dogecoins because they now see value in them.

I am making the point here that those who wanted to dump Dogecoin to get BTC have already dumped, and with the rewards getting less and less, only true hodlers and believers will stay very soon, we don't have to wait too long for that per Dogecoin's reward schedule. The 90 satoshi floor where the price bounced shows that is where demand from investors comes in. Investors think long-term, they either care about the coin or care about much higher prices of the asset than day traders. Day traders do their job and they can leave, who cares.

Inflation/deflation, valuation levels, hashrates, community support - these are all factors to consider. If you consider just one of them, well, I would say you may not fully enjoy the rewards down the road.

Traders and investors generate primary demand. Then come users. It works like that with anything. For Bitcoin too, otherwise Bitcoin wouldn't have sprung to $1200 and then down to $340, those swings can only be explained by trading demand.

If we were to use your logic, name me one reason we need BTC for? There is not one shop/product out there where I can't use fiat in any form to get it. (I keep 55% of cryptos in BTC by the way, so I am not biased and try to be objective for any coin).

The reasons for Dogecoin to exist are both the same as BTC/LTC, or tons of other cryptos, and may be there are slightly different reasons too.

One big reason is the need for diversity, because everyone wants to be the first. Why buy expensive BTC if you can buy other coins for much less (relative to bitcoin divided by supply of course) that do exactly the same. In any case, I believe in diversifying, don't keep all eggs in one basket. Shuffle the eggs back and forth according to their features (fundamentals) and technical trading patterns. That approach makes most sense.

Before the first one, 50% of the coins were mined, which still left a lot of new coins to mine (and dump) in the future.
In 5 days, 75% will be mined.

For simplicity's sake, we don't count those coins that will be mined after 100 bln. milestone is reached, because that number is not significant (only 5 bln. per year, which translates to total supply of 130 bln. in 2020, so there will be a sharp dropoff in newly mined coins with each halvening and even more so when 100 bln. milestone is reached). To compare, Bitcoin and Litecoin will have higher inflation numbers in 2015-2020 than Dogecoin.

Back to the point. 75% coins will be mined in 5 days, which is an awlful lot, and we have all seen the price bounce from 90 satoshi low a few days ago, which clearly shows strong demand at that level and all that supply is not able to push the price lower than 90 satoshi. In short, there are enough people who believe in Dogecoin and who have a lot of vested interest to make it big. And with the miners not being able to dump a lot of coins after the second halvening, the price has nowhere to go but up. Not reach all time highs yet, those will come after July.

You can search back my posts from 1-2 weeks ago in this thread, I said the 90 satoshi is the floor, well, I still believe that, and 150 will be the new floor in May, 200 in June, 250 in July when the third halvening takes place. You can quote me on that.

There are still a lot of miners who simply dump all mined coins to exchange them to fiat or Bitcoin. After halvening takes place, there will be half of that dumped amount. Less supply at exchanges -> higher price because demand is the same. Some of this has been priced in, but only some of it. Can you make an arguement why demand would not be the same? If you can, I'd like to hear it.

Guys, it's the last days to buy cheap doges before halvening, grab all you can now. Price in May - 150 satoshi or more.

The problem is, if the big mining farms were shut down (not the pools), then the hashrate would drop several fold, which means new blocks would be solved who knows how often, perhaps one block per day. So it's not that easy to switch, I mean yeah, the remaining small fish miners can switch to other pools, but the network would still be paralyzed.

If bitcoin developers actually changed the code so that the difficulty is recalculated after each block, the way they do in Dogecoin now, this wouldn't be an issue. If hashrate drops a lot, the difficulty quickly drops too, and the blocks keep being solved as if nothing happened, but when you have difficulty readjustment every 2000 blocks like it's set up in bitcoin now, this would be hell of a nightmare to wait, what, months perhaps, for next difficulty readjustment, it can get crazy.

Hm, do you think that other pools they run to would continue to work just fine? I mean it won't take a long time to identify other pools' operators and if there is a decision to shut the network down, it will be shut down. The chances of this need to be eliminated by design, which is what Bitcoin simply doesn't have. If we put our collective heads in the sand and pretend the problem doesn't exist, well, some day it might kick us in the butt.