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Author Topic: Is DogeCoin even worth buying?  (Read 1086 times)
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October 30, 2017, 02:08:34 PM
 #1

I see a large amount of sell orders for DogeCoin, and from the looks of the Bear charts, DogeCoin looks like a dying currency. If I was looking for a "long-term" currency, DogeCoin is the one I would avoid...?   Huh

Interested to hear the community's thoughts on this?
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October 30, 2017, 02:21:21 PM
 #2

Dogecoin will always be around.  It has a small tight knit community that actively uses it.  The original developer of doge has moved on to other things though, so don't think there is any real development on it.

For investment, I don't think this is one to put money into.  And along those lines, does every coin need to be profitable?
I think it's nice that there is a group of people who actually use their coin instead of thinking of $$$$$.

If I could time machine myself back to the early days of bitcoin, I think it would be exciting to actually use btc to buy a pizza, the ultimate proof
that crypto can actually be used for real life situations.

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October 30, 2017, 02:25:07 PM
 #3

who can say... the original dev was a clown who once he exited said it was all just for a laugh and seems to have turned quite negative on crypto in general. Hopefully it will sky rocket now he is out.

Works well at being a crypto currency though doesnt it. Just lacks adoption.


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October 30, 2017, 02:27:59 PM
 #4

I don't know why people still buying dogecoin. It will not disappear soon since it have big marketcap any huge number of holders.
But for sure it will not moon for no reason.

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October 30, 2017, 02:41:16 PM
 #5

Dogecoin is very low right now
It can rise quickly, but this is only a small possibility.


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October 30, 2017, 02:44:41 PM
 #6

Not a great long term investment, it's pretty stagnant at the moment.
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October 30, 2017, 02:46:30 PM
 #7

I think worth less, dogecoin can be considered as a substitute for ethereum to send to various exchange if you are a trader. Because the fee is low but for investment it seems less good

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October 30, 2017, 02:51:13 PM
 #8

I see a large amount of sell orders for DogeCoin, and from the looks of the Bear charts, DogeCoin looks like a dying currency. If I was looking for a "long-term" currency, DogeCoin is the one I would avoid...?   Huh

Interested to hear the community's thoughts on this?

of course it is dying,

it was created to sell the premine to idiots and now the last one leaving it will loose the most

because those that created it and sold the premine already created other coins (litedogie, ripple, electroneum and so on)

stay away from short term oriented cryptocurrencies. we will see this happening much more dogiecoin is just an example,

regards

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October 30, 2017, 02:56:24 PM
 #9

I see a large amount of sell orders for DogeCoin, and from the looks of the Bear charts, DogeCoin looks like a dying currency. If I was looking for a "long-term" currency, DogeCoin is the one I would avoid...?   Huh

Interested to hear the community's thoughts on this?

DOGE's good for short term and day trading purposes but if you are planning to buy it and holds it for a long term basis, no and better find some other low valued coins that has real developer and legit projects on the process. I have invested in DOGE and actually I'm just using it for gambling and when I see some good + on it within the day I'm trading it. Be careful not to hold this coin.

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October 30, 2017, 02:58:42 PM
 #10

At this moment, don't even bother with such a joke worthless coin, there are way more altcoins to invest in.
But he last news i heard was that core dev have given up on the project, and there won't be any more development.
There is no chance that this coin is going to see an increase in numbers but, just like any other cryptocurrency, DogeCoin will keep exisiting, but no one will care.

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October 30, 2017, 02:58:57 PM
 #11

who can say... the original dev was a clown who once he exited said it was all just for a laugh and seems to have turned quite negative on crypto in general. Hopefully it will sky rocket now he is out.

Works well at being a crypto currency though doesnt it. Just lacks adoption.


It could get adopted if a small group of people actually started seriously working on the coin. But until that happens it's just an old meme.

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October 30, 2017, 03:00:25 PM
 #12

I see a large amount of sell orders for DogeCoin, and from the looks of the Bear charts, DogeCoin looks like a dying currency. If I was looking for a "long-term" currency, DogeCoin is the one I would avoid...?   Huh

Interested to hear the community's thoughts on this?

DOGE's good for short term and day trading purposes but if you are planning to buy it and holds it for a long term basis, no and better find some other low valued coins that has real developer and legit projects on the process. I have invested in DOGE and actually I'm just using it for gambling and when I see some good + on it within the day I'm trading it. Be careful not to hold this coin.

all short term currencies tend to loose over time they are therefore also terrible for trading purposes

regards

Always challenge the Facts of others, or their Facts will challenge you!
CRYPTOPRODUCTIVITY infrastructure friendly C-pro Cryptosources are Entities or Sources !!not Coins!! Property over Value generating Assets not just "Money".
www.cryptoproductivity.com New ISO C-pro Entities (Sources) High Quality dual-layered, two-dimensional, differential Cryptocurrency with robust generative long-term oriented Sources based design. providing maximum possible stability and independence. Soon also with sustainable own Blockchain.
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October 30, 2017, 03:03:03 PM
 #13

who can say... the original dev was a clown who once he exited said it was all just for a laugh and seems to have turned quite negative on crypto in general. Hopefully it will sky rocket now he is out.

Works well at being a crypto currency though doesnt it. Just lacks adoption.


It could get adopted if a small group of people actually started seriously working on the coin. But until that happens it's just an old meme.

working on the coin?

what is to do about it?

there is nothing that can be done except spreading misinformation.

the future will be as it is supposed to be currencies that have a double entry bookkeeping of the banker that have issued and created it and takes responsibility for it.

the time of the empty it systems pure beliefs will end

regards

Always challenge the Facts of others, or their Facts will challenge you!
CRYPTOPRODUCTIVITY infrastructure friendly C-pro Cryptosources are Entities or Sources !!not Coins!! Property over Value generating Assets not just "Money".
www.cryptoproductivity.com New ISO C-pro Entities (Sources) High Quality dual-layered, two-dimensional, differential Cryptocurrency with robust generative long-term oriented Sources based design. providing maximum possible stability and independence. Soon also with sustainable own Blockchain.
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October 30, 2017, 03:05:48 PM
 #14

short one is no, there is lots of research its worth looking over before you invest but i'd check if there is still even a dev for it!
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October 30, 2017, 03:08:56 PM
 #15

No and any kind of research would tell you so!
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October 30, 2017, 03:10:35 PM
 #16

Doge coin is not good to buy anymore, its out of volume of investors you only waste your money of you buy this coin, there are many great altcoin to buy just do a research to know what coin should you buy and also it is depending on your capital. Much better if you have big capital you must divided it into 3 to 5 altcoin to lessen the risk of your money.

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October 30, 2017, 03:10:50 PM
 #17

I mean anything could happen since we are so young in crypto yet. But I suggest looking into other alts that provide more promise and have a lower marketcap. This will help to get the best return on your investment.

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October 30, 2017, 03:22:55 PM
 #18

I see a large amount of sell orders for DogeCoin, and from the looks of the Bear charts, DogeCoin looks like a dying currency. If I was looking for a "long-term" currency, DogeCoin is the one I would avoid...?   Huh

Interested to hear the community's thoughts on this?

If 'long-term' and 'currency' are the key words here you could buy doge. I mean, it's not going to sky but it probably will be around after couple of years and you can use it as a currency, at least in some communities ( =reddit) Seen that way, it could be more stabile than some random new coin.
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October 30, 2017, 03:27:24 PM
 #19

Every crypto currency has it's unique own way to promote their currency and each are relying on their core team, devs & marketing and most of all investors. If the value of the coin is descending after time then some investors were trying to sell their shares as early as possible and I think that's Dogecoin's case this time. But I don't believe it will going to die in the wild because there are also investors that are willing to risk the when the Core team will change their battle plan maybe they will recover and get back to track again.
Crypto currency is really hard to maintain but without the efforts of the core team and everyone's contribution then they'll end up losing everything.

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October 30, 2017, 03:29:28 PM
 #20

Not always but Yes.

dogecoin is one of those altcoins that has nothing going on, specially in the long term. this coin, just as you guessed has a huge supply and like ethereum it doesn't have a cap. this means a growing supply and a dropping price in long term.

but at the same time dogecoin is known for having very good rallies. and during these rallies or pumps the price rises a lot. and because of small price of Doge you can make a lot of profit from these pumps.


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