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suvo05 (OP)
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September 29, 2017, 12:02:17 PM |
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Doge coin is one of the popular alt coin . One can find it almost in every gambling websites , but what has happened to it ? it just continues to drop down day by day and now it almost 24sat. Is it a good investment or the coin is going to die?
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lokinator
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September 29, 2017, 12:47:33 PM
Last edit: November 08, 2017, 12:28:53 PM by lokinator |
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Doge coin is one of the popular alt coin . One can find it almost in every gambling websites , but what has happened to it ? it just continues to drop down day by day and now it almost 24sat. Is it a good investment or the coin is going to die?
What is happening to the coin is exactly what should have happened to the coin the week/month it was created. It's creators (Billy Markus - programmer & Jackson Palmer) made Dogecoin as a joke (I guess the joke is on you). It was never supposed to be a legitimate cryptocurrency. In fact, it's founder just recently claimed the whole cryptocurrency world is a scam. There is also 111 billion dogecoins in circulation, so naturally inflation is a problem. When you have 111 billion of something useless, it's bound to eventually be worth nothing. But I am of course, bias, as I have always thought Dogecoin was a complete waste of time. So take what I say with a grain of salt.  |
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nelmari
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September 29, 2017, 01:15:50 PM |
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The coins was created as a joke in the first place so I really don't find this coin very progressive or anything like that. I chose not to invest in this coin even if the price is so inviting and this coin had been here for a couple of years but the development of this coin is not that well developed and no news have surfaced also on this coin.
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Red-Apple
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September 29, 2017, 01:24:18 PM |
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the reason like always is the supply
you can not expect to create a coin with a huge supply, no cap, a large sum being created (the mining reward) each day, and on top of it have no real usage that can create "demand" for that supply or at least a small part of that supply, and also expect to have a high price.
you can not have these two together. there are too many examples of this. whenever any coin has a huge supply (circulating not fake/premine to increase the market cap) its price keeps going down.
as for being a good investment question?
yes it is a good investment if you enter in a good time. for example from 20 sat to 25 sat is only 5 satoshi which may seem small but it is a huge 25% profit.
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--signature space for rent; sent PM--
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Philip Graham
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September 29, 2017, 02:00:29 PM |
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It's no popular now and no perspective
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Adesaires
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September 29, 2017, 02:01:35 PM |
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Dogecoin just a jokecoin, no new concept, no update, no mandatory update, nothing new, just faster confirmation transaction?
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germa66
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September 29, 2017, 03:41:41 PM |
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Doge coin is one of the popular alt coin . One can find it almost in every gambling websites , but what has happened to it ? it just continues to drop down day by day and now it almost 24sat. Is it a good investment or the coin is going to die?
I do not know what's really going on with doge coin, but I think this drop is attenuated by several factors, such as a lack of interest in doge coin and many people who panic because a few weeks ago there was bad news from China. |
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KluFf
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September 29, 2017, 03:47:12 PM |
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Doge Coin is dead.
No potential in raising in 2018.
too low Market Cap.
and Bitcoin is too over Power coin.
so hard to rise with to many
altcoins competition .
and it is impossible to revive doge coin
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slowlii
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September 29, 2017, 03:56:44 PM |
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Doge coin is one of the popular alt coin . One can find it almost in every gambling websites , but what has happened to it ? it just continues to drop down day by day and now it almost 24sat. Is it a good investment or the coin is going to die?
There is no innovation in dogecoin so it's normal to observe a sharp decrease from it. You will have to wait for speculators to pumpt it once again. |
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Dimmadont
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September 29, 2017, 03:58:37 PM |
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Doge is and always has been a joke coin without a future. not worth a long term investment. but short term? sure. buy low sell high works on shitcoins too  |
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jagdeepjd
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October 01, 2017, 05:14:12 PM |
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Read above opinions about dogecoin but my opinion is different on dogecoin i dont think dogecoin is going to die . it has been among one of the mainstream coins for payments (as the transaction is pretty fast) there is not much to talk about features of dogecoin but it has been here from a long time and its going to stay here for a long time in future too. recently many good coins have seen their bottom and dogecoi is one of them . additionaly its founder made some comments on cryptocurrency which did not went down well for dogecoin i think .
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cryptohorsee
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October 01, 2017, 05:18:33 PM |
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It was coin created for fun, so ppl dumped it for fun  |
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The Sceptical Chymist
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October 01, 2017, 05:23:27 PM |
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the reason like always is the supply
you can not expect to create a coin with a huge supply, no cap, a large sum being created (the mining reward) each day, and on top of it have no real usage that can create "demand" for that supply or at least a small part of that supply, and also expect to have a high price.
you can not have these two together. there are too many examples of this. whenever any coin has a huge supply (circulating not fake/premine to increase the market cap) its price keeps going down.
as for being a good investment question?
yes it is a good investment if you enter in a good time. for example from 20 sat to 25 sat is only 5 satoshi which may seem small but it is a huge 25% profit.
Yep, in doge's case, supply is everything and has dictated its price since the beginning. It's unfortunate because a lot of people actually like the coin, and it's more useful for gambling than bitcoin--don't flame me for that. But stability of price isn't necessarily a bad thin, especially for a currency. So no, it's not dead and it's not likely to die anytime soon. It would have so much more value if they capped the total number of coins though. That was a fatal mistake on the dev team's part. |
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omonuyak
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October 01, 2017, 05:33:49 PM |
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I am also surprise about the performance of this doge coin since the beginning of this year. Doge coin has been dropping since early this and we have never has hope of it raising. I don't think is die but I do believe that something technically is happening and that is why we have been witnessed this bad drop of pricing. Hope the developers do something significantly in other to pump this coins back to were it is before now.
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ostsee77
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October 01, 2017, 05:35:04 PM |
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Bitcoin Forum > speculation >Search > dogecoin > Search Results
20-30 Threads of Doge in bitcointalk and always ask the same questions and answer !
why do people never search the forum? is the search function so hard here? I think otherwise would not be 20 threads on the same topic
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Cmoh
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October 01, 2017, 05:50:59 PM |
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Read above opinions about dogecoin but my opinion is different on dogecoin i dont think dogecoin is going to die . it has been among one of the mainstream coins for payments (as the transaction is pretty fast) there is not much to talk about features of dogecoin but it has been here from a long time and its going to stay here for a long time in future too. recently many good coins have seen their bottom and dogecoi is one of them . additionaly its founder made some comments on cryptocurrency which did not went down well for dogecoin i think .
I also think so. I also used Dogecoin for payment and really it is very fast. Now I have 1,77,000 of Dogecoin uue to fall in price I can't withdraw also. If you know more about this coin then tell me if it go at least of $40 within a month. |
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Sadsong
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October 01, 2017, 05:53:53 PM |
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If it was capped it would have done decent I guess. Its kind of sad to see one of the long runners going down hill in this fashion, without a paddle.
Supply definitely killed the coin, hopefully a lesson for other altcoin.
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gedor
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October 01, 2017, 06:14:40 PM |
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Do you care or did you invest in doge? If you are interested in trash coins, really there are a lot of better coins with some features and teams in the market. I think doge is one of the worst coins in terms of investment.
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yermom
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October 02, 2017, 12:59:49 PM |
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Bitcoin Forum > speculation >Search > dogecoin > Search Results
20-30 Threads of Doge in bitcointalk and always ask the same questions and answer !
why do people never search the forum? is the search function so hard here? I think otherwise would not be 20 threads on the same topic
Hey, don't forget always the same trolls/haters before the... storm  |
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yermom
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October 02, 2017, 01:24:01 PM |
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Doge coin is one of the popular alt coin . One can find it almost in every gambling websites , but what has happened to it ? it just continues to drop down day by day and now it almost 24sat. Is it a good investment or the coin is going to die?
What is happening to the coin is exactly what should have happened to the coin the week/month it was created. It's creator (Billy Markus) made Dogecoin as a joke (I guess the joke is on you). It was never supposed to be a legitimate cryptocurrency. In fact, it's founder just recently claimed the whole cryptocurrency world is a scam. There is also 111 billion dogecoins in circulation, so naturally inflation is a problem. When you have 111 billion of something useless, it's bound to eventually be worth nothing. But I am of course, bias, as I have always thought Dogecoin was a complete waste of time. So take what I say with a grain of salt. You're free to think whatever you want. But from those "news/statements" I see bullshit. You know why? simply bc if he is telling the truth, then crypto is done. Should I sell my cryptos? I think not. People like to talk about "coins's purpose". Guess what. Coins have no purpose, neither technology. Humans do. |
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