Why DOGE is so cheap, What am I missing??

[Xialla]

ahh you know why? because you can't by anything with dogecoin, their creators left the community and there is simply no demand and usage, except pump and dump scenarios..

[sdmathis]

ahh you know why? because you can't by anything with dogecoin, their creators left the community and there is simply no demand and usage, except pump and dump scenarios..

Actually, you can use Doge as well as Litecoin and Bitcoin at egifter. I just noticed that the other day when I was buying an Amazon gift certificate there.

[Xialla]

ahh you know why? because you can't by anything with dogecoin, their creators left the community and there is simply no demand and usage, except pump and dump scenarios..

Actually, you can use Doge as well as Litecoin and Bitcoin at egifter. I just noticed that the other day when I was buying an Amazon gift certificate there.

and why should somebody use dogecoin and not bitcoin? because of meme dog?

sorry, but I'm generally missing the point, what is advantage of dogecoin over bitcoin..they had amazing start, creators and community but after scam with dogeparty, leaving creators and moolah.io story...well, they are done..

[marine4u]

Who is mining doge and why are they selling the coins at a loss? That was the original question. if anyone can answer that I would appreciate. because there is significant amount of electricity expanded everyday on Dogecoin and I don't understand this low price compared to cost of mining there is a huge gap, merged mining pools DOGE/LTC with auxpow does not explain this imo.

[Foerster]

but after scam with dogeparty, leaving creators and moolah.io story...well, they are done..

So you think Dogecoin has had relatively more scams than Bitcoin and Karpeles Satoshi is still an active Bitcoin developer?  
I can't even remember how many extreme scams Bitcoin had.

Who is mining doge and why are they selling the coins at a loss?

Dogecoin can be merge mined with Litecoin (AuxPoW). So in addition to Dogecoin you also get the full LTC reward. This is what most Doge & LTC miners do, hence the hash rate of DOGE & LTC is very similar.

[sdmathis]

ahh you know why? because you can't by anything with dogecoin, their creators left the community and there is simply no demand and usage, except pump and dump scenarios..

Actually, you can use Doge as well as Litecoin and Bitcoin at egifter. I just noticed that the other day when I was buying an Amazon gift certificate there.

and why should somebody use dogecoin and not bitcoin? because of meme dog?

sorry, but I'm generally missing the point, what is advantage of dogecoin over bitcoin..they had amazing start, creators and community but after scam with dogeparty, leaving creators and moolah.io story...well, they are done..

There is no advantage. You said that you can't buy anything with Doge and I simply pointed out that you can. I didn't say anything about there being any advantage to using Doge. If there were an advantage, I'd use Doge. Instead, I use Bitcoin like most other people.

[lorylore]

Dogecoin i think is not cheap as you say.
I remember when it was below 0.00000050 and when we see now it is 0.00000072

[pooya87]

ahh you know why? because you can't buy anything with dogecoin, their creators left the community and there is simply no demand and usage, except pump and dump scenarios..

i see a lot of places that you can spend dogecoin.
some of the things that you can buy with dogecoin:

• Gift Cards
• Jewelry, Accessories & Apparel
• Coffee Mugs, Office supplies & Cell phone cases
• Food/Health
• Music
• Games
• Collectibles(comics)
• Art
• Hardware & Software
• Web Design, Development, Hosting services
• Toys
• Movies
• Sports & Equipment
• Books
• Stickers
• Services
• Physical Dogecoins
• E-cigs, Glass pipes and Vapor products
• Offline Wallets
• Charities
• ....

i personally have only used Doge for doing giveaways, buying games and donating to charity.

more info:
http://www.dogecoins.com/spend.php
https://www.reddit.com/r/dogecoin/wiki/shop_with_dogecoin

[shanem]

Dogecoin was 50 a few months ago.
I don't see much future for Dogecoin except that it is good way to attract more people to cryptocurrency.

[Netnox]

ahh you know why? because you can't buy anything with dogecoin, their creators left the community and there is simply no demand and usage, except pump and dump scenarios..

i see a lot of places that you can spend dogecoin.
some of the things that you can buy with dogecoin:

• Gift Cards
• Jewelry, Accessories & Apparel
• Coffee Mugs, Office supplies & Cell phone cases
• Food/Health
• Music
• Games
• Collectibles(comics)
• Art
• Hardware & Software
• Web Design, Development, Hosting services
• Toys
• Movies
• Sports & Equipment
• Books
• Stickers
• Services
• Physical Dogecoins
• E-cigs, Glass pipes and Vapor products
• Offline Wallets
• Charities
• ....

i personally have only used Doge for doing giveaways, buying games and donating to charity.

more info:
http://www.dogecoins.com/spend.php
https://www.reddit.com/r/dogecoin/wiki/shop_with_dogecoin

You can do all these with BTC already, nothing special.

[Xialla]

ahh you know why? because you can't buy anything with dogecoin, their creators left the community and there is simply no demand and usage, except pump and dump scenarios..

i see a lot of places that you can spend dogecoin.
some of the things that you can buy with dogecoin:

• Gift Cards
• Jewelry, Accessories & Apparel
• Coffee Mugs, Office supplies & Cell phone cases
• Food/Health
• Music
• Games
• Collectibles(comics)
• Art
• Hardware & Software
• Web Design, Development, Hosting services
• Toys
• Movies
• Sports & Equipment
• Books
• Stickers
• Services
• Physical Dogecoins
• E-cigs, Glass pipes and Vapor products
• Offline Wallets
• Charities
• ....

i personally have only used Doge for doing giveaways, buying games and donating to charity.

more info:
http://www.dogecoins.com/spend.php
https://www.reddit.com/r/dogecoin/wiki/shop_with_dogecoin

doesn't matter how long you list is, you can buy all stuff mentioned above with bitcoin. I enjoyed initial hype, strong community, cool leaders (Palmer, Doernberg..) and charity projects..but for last couple of months, there is nothing new (if something except meme pictures with shiba inu, let me know..) and dogecoin just stuck somehow as many similar projects..

[pooya87]

ahh you know why? because you can't buy anything with dogecoin, their creators left the community and there is simply no demand and usage, except pump and dump scenarios..

i see a lot of places that you can spend dogecoin.
some of the things that you can buy with dogecoin:

• Gift Cards
• Jewelry, Accessories & Apparel
• Coffee Mugs, Office supplies & Cell phone cases
• Food/Health
• Music
• Games
• Collectibles(comics)
• Art
• Hardware & Software
• Web Design, Development, Hosting services
• Toys
• Movies
• Sports & Equipment
• Books
• Stickers
• Services
• Physical Dogecoins
• E-cigs, Glass pipes and Vapor products
• Offline Wallets
• Charities
• ....

i personally have only used Doge for doing giveaways, buying games and donating to charity.

more info:
http://www.dogecoins.com/spend.php
https://www.reddit.com/r/dogecoin/wiki/shop_with_dogecoin

doesn't matter how long you list is, you can buy all stuff mentioned above with bitcoin. I enjoyed initial hype, strong community, cool leaders (Palmer, Doernberg..) and charity projects..but for last couple of months, there is nothing new (if something except meme pictures with shiba inu, let me know..) and dogecoin just stuck somehow as many similar projects..

i totally agree, i didn't want to advertise anything about Dogecoin. i just wanted to say that there are many things that can be bought with it. i haven't even check the links to see how of them are working or legit.

it is a dead coin with nothing new as far as i am concerned. nowadays it has a price rise but after the litecoin hype ends , Doge will start going down again.
Doge is just a meme and i only enjoy the community that is all.

[JobCreator]

Here is something else you can buy with DOGE:

https://bleutrade.com/exchange/ZET/DOGE

[Zetacoin Express]

Here is something else you can buy with DOGE:

https://bleutrade.com/exchange/ZET/DOGE

Hehe, that's the best use for DOGE LOL! 
Not much sell order's though.  Makes sense.

[Ingatqhvq]

Cheap?
In my opinion, doge is too expensive now. Come on, it is just a copy of litecoin.
                                                                                                     

[cryptonikus]

there is nothing valueable in doge... old joke is old.

[hiddensphinx]

there is nothing valueable in doge... old joke is old.

yeah all this talk about going to moon....slap on the haters face it does happen 

[Abiky]

I was one of the first miners for Doge coin back in late 2013 while I was working on the Marinecoin wallet, I had 20 MH GPU rigs huge scrypt hash back then and was very hard to mine DOGEs even back then, now the the Doge hashrate is over 1THs with the power of 3000 KNC Titan Asic Scrypt miners requiring 1700 Watt each and yet daily rewards total is merely 2,400 USD. not even close enough to cover electricity costs let alone the cost of manufacturing the rigs even if you had free electricty

You can buy entire days DOGE output for only for  2400 USD on the exchange, if you decide to mine that amount cheapest rig rental is 0.00045 BTC per MH per hour  would cost 45 BTC per hour x 24 hours = 1080 BTC cost per day to hire a rigs to mine a days supply of doge coin 240.000 USD, considering that many rigs are not available for hire it is also impossible to mine it if you were the richest man in the World.
 
Litecoin daily reward at 120.000 USD with just about the same hashrate.

Litecoin community pretty much doesn't exist, Doge community is by far the strongest and by far the most active same goes for their devs, usage of Dogecoin surpassed LTC and if a site accepts LTC it usually also accepts doge, same goes for exchanges, Doge in China is as big as BTC.

if a corporation decided to create a similar market awareness for anything it would cost 100s of millions in USD in just marketing yet entire Doge market cap can not buy a 5 bedroom apartment in NYC. and probably only could afford to get a 1 bedroom apartment in NJ if they really decided to sell their Dogecoins and get one.

Someone tell me what I am missing?

Marinecoin DEV

Dogecoin is cheap, for sure, but it is relative.
To explain it better, there is another coin, I will not name it, just some characteristics:

1) The trade volume of coin used to be higher than Doge's one in 2014.
2) One of developers of this coin is a person on whose code Dogecoin was based.
3) There is an active community of this coin and this coin is not very much less known than DOGE, here on Bitcointalk, at least.
4) There is a good liquidity on Cryptsy.
5) It has much better name.
6) You can buy on Amazon, eBay, Overstock, Barnes&Noble, Groupon etc. with this coin.
7) Total supply is limited and year mining inflation is 5% only, pure PoW.

The market cap of this coin is under $200,000. Dogecoin's market cap is $19 mln.

The problem is: people don't invest in coins now. They would better buy an appartment in NYC than investing in Dogecoin, or buy a car than investing in above mentioned coin. You may tell them a lot, you may promote, people will not listen, will not buy - for the time being.
The boom will come a bit later.
We should wait and that is all.

I'm interested in the name of this coin. Could somebody PM the name? I would really appreciate it. Thanks

[lorylore]

Doge was much more cheaper (like @48) but now it is ok, it is not best but it is ok.

[okbit]

Doge really isn't cheap. It still is 5th in market cap.