Future of DogeCoin

[the_viper]

In my opinion, the DogeCoin will be used for transfer between exchanges, because it has small commissions for transaction and high speed. I do not think that the DogeCoin will be used for other purposes.

[VPoro]

I do not believe in Dogecoin. it is just funny coin for people who love Dogs. you should not spend your time to invest in it. Let's research and find another coin

[Olena9797]

Dogecoin was created like a joke. But many people started get interesting of it last 2-3 months. Honestly, i dont believe in joke coin, but i used dogecoin to transport money between exchanges. Its wonderful how quick and chip is it

[GFE]

Dogecoin is rather useful criptocurrency. May be initial purpose of this coin was a joke but it is real payment tool at present

[Ninja Sword]

I confess that Dogecoin is a funny coin, but can we agree, how many projects with super structures have lost value? How many coins have disappeared from the market and lost space? In short, dogecoin remains in the market, its function is of transacting for another currency, perhaps, soon, its function can be another.

[Sevarchik]

Imagine what in one day developers lock mining DOGE, all mined to this day coins will be max supply.
That's when we see how really flew skyrocket

[giantrobot]

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 was created by programmer and former IBM engineer Billy Markus in Portland, Oregon. First, he experimented with another digital currency of his own called "Bells" based on Nintendo's Animal Crossing series. He hoped the digital currency would reach other groups of users besides the investors who created Bitcoin's economy and had no controversy in Bitcoin's history.

[Ceballos]

Dogecoin is a big lesson for crypto world. There is no joke in this world and if you are not scamming people then coin will survive.
Doge is the biggest joke coin and has much supporters and will continue to rise.

[bukikbarisan]

To see so many Dogecoin criticisms by so many forums here is a clue about which crypto community is actually here. I appreciate that the OP has taken the time to research it. I hope you see that Dogecoin is very unique because it gives people, is generous to all and especially charity.

[legenduim]

I do not believe in Dogecoin. it is just funny coin for people who love Dogs. you should not spend your time to invest in it. Let's research and find another coin

I do not trust it very much but not for the reason of the dogs. LOL. I am not sure that it has the great potential. Probably it will raise after the fall (finally, all alts are down), but it will not gain much.

[rapi]

I'm still not sure if dogecoin can be a big bang in the future.

[Chaser35]

Dogecoin future I think it can continue for a few months but if you think about doggy coin you think about 3-5 dollars.

[Xiomara]

In general, initially Dogecoin was not created seriously, it was a kind of joke, and should not have a serious sequel.
Why should we not expect a rise cryptocurrency? The fact is that initially the creators released a large number of electronic coins and this doesn't allow it to grow its profits.

[Vanopest]

The future of dogecoin is good as other altcoins. But dogecoin has a stable price band. It is good for long term investment.

[turmalin]

Dogecoin is fairly distributed and better than 95% of the cryptos out there. For all the hype these new coins have of being great tech, having a great development team and being undervalued, I doubt most of them will be around in 5 years time. I guarantee you Dogecoin will.

[grek_al]

The fact that most people hold it as a joke and don't take it seriously might end up saving it if the market as a whole crashes. Its a great way of moving money between exchanges because of its fast transaction time, low fees and is very stable compared to other coins.

[o0‡0o]

Dogecoin is fairly distributed and better than 95% of the cryptos out there. For all the hype these new coins have of being great tech, having a great development team and being undervalued, I doubt most of them will be around in 5 years time. I guarantee you Dogecoin will.

From an idealogical viewpoint it arguably a top 4 crypto-currency only beaten by Litecoin, Bitcoin, Monero
From an practical viewpoint its passable.
From a technical viewpoint its not so good.
From an investors viewpoint is the current half of a cent per coin price reasonable and room has room to grow.
As a crypto-coin it is far back.
It will be around in 5 years time because it is s fully fledged blockchain. If it will be around past my lifetime I'm not so sure.

[sunita01]

Dogecoin is a first coin that is actually based on the marketing initiatives. Efforts are constantly being made in the crypto community to attract more people in dogecoin. The price may be reduced at this point but there is a very bright future in it.

[Valovut]

I think Dogecoins future is good because Dogecoin has a strong community which is constantly growing, and is consistently near the top of the list for most valuable Crypto currencies. Dogecoin can be a profitable investment option. So you can buy dogecoin for long term investment. I've bought some Dogecoin. Thanks.

[derdemo]

I think Dogecoin create only fun. I don't see future for this coin. Even now price DogeCoin very high, this coin can't cost much more.