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Buy into Dogecoin, 42coin NOW
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THAT is a good idea. Thanks
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Dogecoin will go up after the block halving due to supply decrease. And within next few days, second halving will come, and then the third, so they will mine as much as they can. I am buying as much as i can. Take a look at the network hashrate. it reached 250k http://dogechain.info/chain/Dogecoin/statistics |
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Unforunately, my money is in bitcoins and dogecoins.
Now, mtgox had stopped all bitcoin withdrawals temporarily to resolve an issue and traders who needed a reason for buying and selling took the opportunity because some who need money immediately had to sell their bitcoins and withdraw them.
The problem is only at mtgox and is slightly reflected in other exchanges.
How do i take advantage of this temporary crash??
And since dogecoin is nearing its first halving i don't really want to sell them. I have some btc though and a little in mtgox as usd
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And a cool community @ reddit...
If you think a community out of 14 year old people is cool, then u're probably right.
Well the community is cool and optimistic. They got a lot of people to accept dogecoins and raised funds for various things Whats wrong with a "community out of 14 y old people"? Nothing! I'm 40+ and I like that doge community? Yeah, i am 40- and i too like the community  |
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So, wait.
Does this mean that the Doge I purchased aren't as rare as I actually thought? This means that my coins will be 5% less valuable every year...
When they are valuable a lot, a 5% less doesn't matter... and market has dropped a lot more than 5% though it will rise back in a week |
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I saw a recent drop in price of dogecoin @ cryptsy. Why is that??
I came across the following:
"boyter 1 day ago | link
The thing is its actually less inflation then Bitcoin or Litecoin at least for the next few years anyway. See the following (taken from reddit thread) which shows the inflation amount over the next 5 year period.
Dogecoin Bitcoin Litecoin
2015 5.26% 10% 33.33%
2016 5% 9.09% 12.5%
2017 4.76% 4.1% 11.11%
2018 4.54% 4% 10%
2019 4.35% 3.85% 9.09%
2020 4.2% 3.7% 4.1%
People need to keep in mind that dogecoin's inflation is set at 10,000 coins per block forever once mined out. As such the inflation amount will reduce each year as more coins exist, unless of course people manage to loose about 5 billion coins a year. The other thing to remember is dogecoin currently has about 5% inflation a week, so anyone dumping it over this news is a bad speculator.
EDIT before someone jumps down my throat I am checking the numbers now and the bitcoin one looks to be slightly off, please take this as close, but not exact please. If you have the exact numbers pass them on and I will update.
reply"
I dont see that a problem. 10k a block after it is mined out. So still it is better right? So supply is infinite but is highly restricted. So why the huge sell off??
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If I knew that answer wouldn't I buy 10BTC worth of DOGECOIN. No one can predict future! Use your own judgement.
My judgement is to buy them and i am willing to take the risk. But i think i should wait till the last 2 days before halving and see how the market reacts before buying into it |
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4 addresses holding 27% of the current DOGE. And a cool community @ reddit...
If you think a community out of 14 year old people is cool, then u're probably right. Well the community is cool and optimistic. They got a lot of people to accept dogecoins and raised funds for various things |
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After looking up reddit, bitcointalk and other sites, i got the following facts:
Halving will happen around 12th Feb
0.00000159 BTC/DOGE
Last trade price on bter.com
1200.415 ( 80 to 115 GH/sec)
Current difficulty
85409
Blocks in chain
And 42.5 Billion coins mined already... ie. 42.5% is mined now
And a cool community @ reddit...
And a 325% increase in price in the last 30 days...
(change: +338.04% | high: 0.00000242 | low: 0.00000025) Cryptsy, yottabyte.nu
And more websites accepting dogecoin (eg. doge-dice, bit777, etc. look up reddit or original bitcointalk post)
And i just changed my signature
Shouldn't I buy dogecoin with all my bitcoins??
I am currently 50% invested in dogecoins
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True. In the short term the market can react in both ways... But in the long term it is going high TO THE MOON !
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Halving ahead guys... Price will get a bit low and then very high...
TO THE MOON!!!
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Just bought some 42coin... and lot of dogecoins...
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Suppose you bought them when the price was low @ 27 satoshis at the time you posted all this, you could have made 8x profit by selling it now @ 220.
And 24coin is still going down...
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Scam coin?? Can you define a scam coin ? change: +140.55% | high: 0.00000228 | low: 0.00000087 chartsCryptsy: 0.00000209 CoinedUp: 0.00000196 Coins-E: 0.00000226 Bter: 0.00000215 Vircurex: 0.00000203 If u think it is a scam coin, u don't invest and don't trade with it and see it become the most popular currency in the online world. In case you did not notice there is a huge community standing there for doge in reddit... And who has the last laugh? if i sell my dogecoin now i get 150% profit... but i won't  Good work Shibes |
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So my current suggestion is dogecoin
...
Suppose u buy dogecoin @ 25 satoshis and sell at 75 you get 200% profit
and THAT is more likely
Your suggestion for what? A coin to buy and resell for a profit? Isn't everyone who buys the coin trying to do that? And isn't it essentially a zero-sum game? Actually, it's worse than a zero-sum game because the exchange "taxes" every transaction. It's basically a taxed lottery, is it not? Yeah, a taxed lottery. but the fee is just 0.2% and there are exchanges that dont charge a fee |
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Dogecoin's got an excellent community at reddit
Dogecoin has the strength to fight off any competition.
A cryptocurrency lives as long as the people believe in it and WE, the SHIBES will never lose hope.
We believe in Dogecoin
TO THE MOON!!
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So whats the problem? If it goes stable for a while, i don't have any problem (but i don't think it will be). It wil just make it more useful for tipping and buying
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Dogecoin is about to turn into Feathercoin - huge walls on Cryptsy, no room for manoeuvring unless you get on the tail of a pump or dump - Doge will die, thankfully
What wall? There are buy orders too... Total buy orders: 42-51 satoshis: 232 BTC Total sell orders: 52-61: 176 BTC DIFFERENCE: + 56 BTCas on 1/18/2014 Cryptsy Now you really think we can't break the wall?? And Dogecoin is going to crash?? Anyway i am not selling my dogecoins anytime in a year... |
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42coin has got 2 very big demerits:
Extremely high price
Very low acceptance
and a merit:
Low supply
Sites are not likely to accept 42coin.
Still it is good for profits I think...
my current suggestion is still dogecoin
Also do not get blinded by the price rise and fall.
Suppose u bought 0.0001 42coin @ 500 BTC, and sold at 1000 BTC, you get 100% profit
Similarly,
Bitcoin just rose in a few months 1000%
Sich a rise is impossible with 42coin
Suppose u buy dogecoin @ 25 satoshis and sell at 75 you get 200% profit
and THAT is more likely
AND SINCE DOGECOIN IS NEAR ITS FIRST HALVING...
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