Future of DogeCoin

[grizmoblust]

In my opinion, dogecoin has no power to lift its price high or more volatile. Its just stay on that price for long time. It makes not so interesting to use this coin as trading tool anymore. So future, dogecoin will not be used by trader anymore. Its my thought.

There is no doubt that Dogecoin is a coin which is loved by many people. But as your view, It can't rise anymore. It's just for fun.

[SpearTackle]

Dogecoin will not last long, it's just like a clown on children's birthday party, that if that clown go away the children and the party will not be happy anymore. So as long as in the air, enjoy and have fun.

[ufalo3]

Following its dynamics, I have mentioned that since February 2017 this cryptocurrency does not demonstrate any growth. Yes, during the last 2 days it “jumped” up, but most time Doge shows its stability. I won’t invest into it if honestly.

[KingScorpio]

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 tell you folks what the future of dodgecoin is as is the future of all similar empty premined it systems

1. it gets sold and marketed by those that got the premine or early boughts

2. the coin grows its entrohphy and gets more and more distributed.

3. no one has an interest anymore to promote the coin since the initial issuers have created already their second one (lite doggy, bitcoin gold etc.)

this cycle is ridiculous that is why i created c-pro as a longterm durable system that never splits and has a long term value security basis and is redeemable!!!

so you either continue this systematic failure with your empty IT systems or you start considering two dimensional dual layered cryptocurrencies that have been designed for the long term

sooner or later you will realize that i am right

ps: oh and not to mention the mining pools that specialise on a coin or the outdating encriyption system. at c-pro you get always regular a new one and IAZO exchanges older c-pro encriptions 1:1 for new ones

there are coins that were made for short term profits and coins build to last.

regards

[Opnsrc]

I remember when DogeCoin was first created. I was hanging on 4chan and saw people talk about it, and I thought to myself that no one can be dumb enough to actually give this any value. But I underestimated the internet. I don't think it will happen again tho. The internet is tired of the memecoin now.

The dogecoin coin is no longer so popular and almost nothing is heard about it. But even in some electronic wallets it has survived and those who started working with it have at least some impact.
I think dogecoin not need now, we have many others anonymous coins: monero or dash.

[Hueristic]

I remember when DogeCoin was first created. I was hanging on 4chan and saw people talk about it, and I thought to myself that no one can be dumb enough to actually give this any value. But I underestimated the internet. I don't think it will happen again tho. The internet is tired of the memecoin now.

The dogecoin coin is no longer so popular and almost nothing is heard about it. But even in some electronic wallets it has survived and those who started working with it have at least some impact.
I think dogecoin not need now, we have many others anonymous coins: monero or dash.

Why the fuck would you think that Doge or Dash is anonymous? Neither is and Doge never even attempted to be as opposed to Dash which tried and failed. Do you just post without having a clue about what your talking about? Here's a hint...that's one of the fastest way to get put on ignore.

[Coinve.st]

Dogecoin will slowly die.  It was created as a joke and now the creator Jackson Palmer doesn't even support it anymore.

[SHITTRADINGDON]

DogeCoin will be HUGE! People love DOGEs. It it a family friendly coin with great marketing opportunities. You have to see the future. It will be a crypto world. Everything will be tokenized and crypto currency will be fully adopted. DOgeCoin could easily become a multibillion market cap coin. 

[treather]

It is a pity that dopecoin isn't taken seriously because in my opinion it is much better than a lot of blcoins in circulation today. Doge has a reputation as a fun coin, which is wrong, and efforts should be made market it differently

[BCEmporium]

It is a pity that dopecoin isn't taken seriously because in my opinion it is much better than a lot of blcoins in circulation today. Doge has a reputation as a fun coin, which is wrong, and efforts should be made market it differently

It's quite difficult to market something as "serious" when the founder of it has called it a joke with no value.

[Phalo]

Every time I see a post asking about the future of Doge, I just want to burst out laughing and cry at the same time. It baffles me why doge has so much support for a project that zero development. Cryptocurrency has become a speculation market. This will be the cause of the downfall. It seems noone cares about the value these projects bring.

[ramsdaj28]

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.

I think, one of the reasons why dogecoin was once a big hit at some point is that people tend to go with the flow. It was once a trend and people love going along with latest trends. They got hyped with this altcoin, which is actually just a meme coin. Dogecoin is one of these trends, and was a victim of trend makers. If dogecoin is a person, I will compare it to a ONE DAY MILLIONAIRE who became popular in just a short period of time.

Also, you are right that the total number of circulating supply is too big. Going back to the basic concept of economics - The Law of Supply and Demand, a high supply of a product and low demand will lead to decrease/fall to its value. Dogecoin is not a popular nowadays, and it's not a surprise that its price has drastically fell in the course of time.

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.

In my opinion, creating a sub-coin or new coin derived from dogecoin will make any change in dogecoin's value. There's already a lot of new tokens out there, and people will prefer to choose those projects with whitepapers than this dogecoin-cloned altcoin. Other than trying to revive the value of dogecoin, there's no other clear reason (at least, for now) to create new coin from dogecoin. Creating a coin from a meme coin is not a good idea.

[MarioLuck990]

Dogecoin is a coin used for tipping. Widely used in reddit. It doesn't get any further than that. It was a meme coin, had its peak, it's the first tipping coin infact. Don't expect it to grow huge, because it won't. All I do with dogecoin is have fun with it, because it has no real purpose after all.

This answer fit me, I think the same thing too.

[Jonsnowstark]

As for me i'm not seeing any future for doge coin. I have before invested in this coin but the price just stay dormant. It may move a couple but it never really went up high enough to cover for transaction fees. So i'm saying No to dogecoin since then.

[Republicofizmir]

I don't have much expectation from this coin
So i'm not seeing any future for doge coin.

I don't think i will ever think to invest

[alan2here]

In all altcoin, dogecoin is considered to be the biggest market for coin and it is very hard for dogecoin to get good prices because their development team can create a lot of dogecoin to be able to sell Bitcoin. For me should not invest in dogecoin as it will not help you make a good profit

[Protomono]

In all altcoin, dogecoin is considered to be the biggest market for coin and it is very hard for dogecoin to get good prices because their development team can create a lot of dogecoin to be able to sell Bitcoin. For me should not invest in dogecoin as it will not help you make a good profit

I was thinking the opposite. Doge has great potential to use for speculate in market. We can imagine if doge can go up 3sat. In percentage, of course it's enough big.

[randythered]

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.

Limiting supply is a welcome suggestion and would probably work to increase the value but I have to say your second suggestion is completely redundant, you are basically moving the decimal point a few places, it would not change anything with regards to the price or market cap.

[naitik01]

The doge coin price is now low level,with time it can increase in future.

[yanto@1977]

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 choose to leave dogecoin, never take it again. This coin make me stress and sometimes lost control. Until now, dogecoin doesn't have significant price moving and volume. Nothing special about this coin and I don't have time/ patience to hold anymore. I sell it and loss almost 25% from my money. Just leave it and good luck.