Future of DogeCoin

[nelsmining]

I look at DogeCoin as a useless coin with no real future and nothing that makes it unique. Too many in circulation. It will go away in the future.

[bitcoinbox]

I honnestly don't understand why people still buy Dogecoin? It should have been abandonned since a long time.
Dogecoin brings nothing in terms of technological progress. It is just an old generation coin.

[nitehawk]

It started off as a joke coin, and it will continue to be a joke coin. How it is worth as much as it is, is quite shocking, but they have no long-term growth plan, and I don't know why anyone would invest in this with all of the legit competition out there.

[Hueristic]

Yesterday one of my friend sent me some dogecoins, so out of curiosity i started digging information about how this coin work and how it is different from others as it is my first interaction with this Crypto-asset.

I found some interesting information regarding how it's origin is based on a popular internet meme and it's community active participation in various charity works and even in helping their fellow mates who lost their dogecoins in a cyberattack through various crowdfunding efforts, which is indeed appreciable.

If we specifically talk about speed of transactions - i have to say dogecoin is indeed fast. But the thing which caught my attention is there is no limit to its suppy, which means it is present in infinite amount.

Till today more than 100 billion dogecoins are in circulation. With as of today Oct-23-2017 , 1 DOGE =   $0.00101075 .
We have been taught about price-supply-demand things in school , in simple terms a price of an asset will depend on demand in market and its suppy - if supply of an asset is more than demand price falls and if supply is less and demand in market is more then price of an asset increases. So we can relate this to the continous BTC price increase as demand for bitcoin is more and supply is limited which increases it's value.
Comming to the fact that dogecoins have no limit of supply i hardly think it can ever become an investment asset or a stable currency ever. I see some people on twitter who are investing in alt coins see it as an long investment on which i completely disagree.

If we want to see doge coin really succeed , here are my views what the developers should seriously take note of:

1. Limit its Supply:

 More than 100 billion doge coins are in circulation with market cap of approx. USD 13.5 MIL . 100 billion is a big number and it's always increasing so unless community decide to limit it , i donot think it can attain any significant value in longterm.

2. Ok if we limit it - what will we do with existing coins?:

Solution to above problem is quite simple. We just need to publish a new Crypto-token or currency which will derive it's value from previous currency in circulation. For Ex: Let the new currency be called Super Dogecoin denoted by S-DOGE. As per our convenience we can set it's base value like 1 S-DOGE could be equal to 1000 or 10K or say even 100k DOGEs . So not just it will decrease the numbers of coin but will also hold significant value. And this new currency could also be listed to the exchange if needed.
Thank you.

DogeCoin would be completely dead if they had not forked it to mine with litecoin, basically litecoin miners get free doge and thats how it's still on life support.

[marks1976]

I honnestly don't understand why people still buy Dogecoin? It should have been abandonned since a long time.
Dogecoin brings nothing in terms of technological progress. It is just an old generation coin.

Cheap fees for each transaction and just try to speculate if the price of the doge coin will go the the moon in the future with no ETA and that was a big deal to buying the doge coin in my understanding.

[Phalo]

Dogecoin fans are not going to like what I'm gonna say. Doge has zero future, there is zero development on this projects. However doge has a huge fan base, it will only survive because of community support. Besides that, Doge  is dead.

[LanaWinda]

Future of Dogecoin or Bitcoin ?
Among them which is the most popular and profitable ?

[sandy14350]

doge is a dead coin... its developers abanded it... its was one of the most game changer coin after bitcoin with the community support... but certain uncurcumstances have dumped the fate of doggy coin

[Brama Jasa]

Yesterday one of my friend sent me some dogecoins, so out of curiosity i started digging information about how this coin work and how it is different from others as it is my first interaction with this Crypto-asset.

I found some interesting information regarding how it's origin is based on a popular internet meme and it's community active participation in various charity works and even in helping their fellow mates who lost their dogecoins in a cyberattack through various crowdfunding efforts, which is indeed appreciable.

If we specifically talk about speed of transactions - i have to say dogecoin is indeed fast. But the thing which caught my attention is there is no limit to its suppy, which means it is present in infinite amount.

Till today more than 100 billion dogecoins are in circulation. With as of today Oct-23-2017 , 1 DOGE =   $0.00101075 .
We have been taught about price-supply-demand things in school , in simple terms a price of an asset will depend on demand in market and its suppy - if supply of an asset is more than demand price falls and if supply is less and demand in market is more then price of an asset increases. So we can relate this to the continous BTC price increase as demand for bitcoin is more and supply is limited which increases it's value.
Comming to the fact that dogecoins have no limit of supply i hardly think it can ever become an investment asset or a stable currency ever. I see some people on twitter who are investing in alt coins see it as an long investment on which i completely disagree.

If we want to see doge coin really succeed , here are my views what the developers should seriously take note of:

1. Limit its Supply:

 More than 100 billion doge coins are in circulation with market cap of approx. USD 13.5 MIL . 100 billion is a big number and it's always increasing so unless community decide to limit it , i donot think it can attain any significant value in longterm.

2. Ok if we limit it - what will we do with existing coins?:

Solution to above problem is quite simple. We just need to publish a new Crypto-token or currency which will derive it's value from previous currency in circulation. For Ex: Let the new currency be called Super Dogecoin denoted by S-DOGE. As per our convenience we can set it's base value like 1 S-DOGE could be equal to 1000 or 10K or say even 100k DOGEs . So not just it will decrease the numbers of coin but will also hold significant value. And this new currency could also be listed to the exchange if needed.
Thank you.

I do not know doge coins will be valuable in the future but as long as I know the coin price bitcoin more and more day down, already 1 year I entered the crypto world I think we can not say doge coin is the coin of the future ,, and see many commented above doge coins can not be as an investment for the future

[dacryptomoney]

it was obviously a scam and now the founders have run away with our money...it's dead and no point in scratching our heads on it's price.

[Swinging Phallus]

Dogecoin holds absolutely no other value other than by it's name. Doge. Like what everyone is saying, It has no practical use. It's just a funny coin that we BS to eachother about with. I assume that it will only live as long as the meme of Doge itself.

[Crypington]

I like the idea posted earlier about rebranding DogeCoin... Lose the tired old meme. It does have some great qualities, like instant transfers and low fees.  But I think what is really killing it is pace at which it is mined.  I've heard there is something like 5 billion mined per year, and that pace is set to never change.  Just too many coins being produced ... death by dilution.

[ukboss]

DogeCoin is a very lazy coin. we see this coin around 1 year but now progress and no most popular still now but recently came edoge coin that value is a most valuable but those coin as a scam, i thing Doge coin is not a best future for all. it is not avail able in online market and many people don't know about this coin.

[Ramsay555]

For what i've seen from the forum, it seems that Dogecoin has stop their development long time ago if not mistaken (correct me if im wrong). So in my opinion, Dogecoin has less opportunity in the future.

[hua_hui]

The interesting about doge is that even though there has not been any development for this project, the community support dogecoin is still faithful with it. That is why despite so many years, dogecoin is about to retain its value. It also have proven itself to have one of the largest subscriber in reddit crypto.

[deloreswest]

I honnestly don't understand why people still buy Dogecoin? It should have been abandonned since a long time.
Dogecoin brings nothing in terms of technological progress. It is just an old generation coin.

yes i dont know what people see from this coin. i completly agree this is the old coin and seems not really giving a profit. the market value seems fishy. and i dont like how it's fluctuating in the market

[Raegorl]

Dogecoin has no future (except for jokes and memes). The coin has an insane amount of inflation and there is no work being done by the dev's on its code, so it gets more and more obsolete with every new coin that hits the market with new features and solutions.

[Saifher]

Doge has a very big community behind the coin, but unfortunately it has seen very little growth in terms of development. It is a shame, because Doge has managed to do great things as a cryptocurrency, much more than many other coins that are more highly valued at the moment (like sponsoring events or raising funds for good causes).

[Ch1bi]

Dogecoin has been out for how long now? Unless it's revived somehow I don't think it's going to have much of a future. The creator created it as a joke from what I've read. There are better coin prospects out there.

[Fuhre]

Sometimes if anyone talks about dogecoin I often feel hurt, at that time I bought dogecoin in the range of 48, now the price is far below, and I still hold it. I do not know if dogecoin will have a good future or will disappear from the market. Because nowadays dogecoin does not rise again like yesterday. not easy to cut loss