Is Dogecoin legit?

[GumboTrader]

I have been hearing about a lot of fraudulent altcoins out there.
Personally have been eyeing Dogecoin for a while to purchase as an altcoin. However,
I believe I came across an article that called them fake. The thing is the article did not
go into any further details.

All I want to know is if Dogecoin is a legitimate investment into altcoins? Help me
Crypto-world, what do you think?

[cryptopuma]

I have been hearing about a lot of fraudulent altcoins out there.
Personally have been eyeing Dogecoin for a while to purchase as an altcoin. However,
I believe I came across an article that called them fake. The thing is the article did not
go into any further details.

All I want to know is if Dogecoin is a legitimate investment into altcoins? Help me
Crypto-world, what do you think?

Doge coin is already inactive/dead coin for about 2.5years which means there is not development going on,It was created just for fun a meme coin which doesnt have any use in the market,its morelikely a copy of bitcoin which has faster transaction confirmation and lower fees.Now tell me is that a good investment? no active developers and had been dead for years?if you will find more if you did your research.

[KryptoKai]

Dogecoin might be good for this year as it is the year of the dog for chinese new year. Otherwise it would not be a good investment, just a fun coin to throw around and tip other people with. For a good investment pick some privacy coins due to the increasing crack down by governments - they will do well in 2018

[o0‡0o]

https://bitcointalk.org/index.php?topic=2306444.msg30156984#msg30156984
assuming you talk about this one  (DOGE)

[JumboCactuar]

Is a fun coin but a very stable and usable one. Many exchanges use it as a means to convert between alt coins

[chukaday]

Is a fun coin but a very stable and usable one. Many exchanges use it as a means to convert between alt coins

It is legitimate for this purpose only, transferring between exchanges and saving on fees. Besides that there really is not much use-case here but this is crypto and it has survived for 2 years beyond that. So if you want to feel secure you probably can while investing in Dogecoin because it is a coin that seemingly never dies, despite how much not development is going into it .

[dhemasm]

I think dogecoin is legit but for long-term investments it's not, as some people say no progress from the project development. But lately, the price of dogecoin increases and of course be an alternative when sending from other exchange to exchange the other because doge have a low fee. So its legit for now from my opinion

Sorry for my bad English and thanks!

[prince05]

Yes Dogecoin is legit and a good alternative to escape from paying outrageous transaction fees from bitcoins, or other currencies. You can always convert your coins to Doge then convert it back again to BTC or ETH when you are ready to withdraw, in this way you will just be paying a small amount of transaction fee. The prices of Doge is quite stable so it is easier to manage when transferring from coins to other coins as you can easily determine the price.

[tremorcoin]

I have also found Doge useful for transfers. I wouldn't hold it though.

There is a podcast with an interview of the founder Jackson Palmer. Its only about 8 minutes.
https://www.npr.org/sections/money/2018/01/11/577435049/such-cryptocurrency-so-amaze

[sourish]

So legit or otherwise, maybe one can find 'faithful' as an appropriate adjective for it!

[renes]

Dogecoin is legit joke coin  I thought first that it is not a good investment but as there are now many useless tokens, it might be good investment in the long term.

[chaosfourever]

It is legit crap. Basically a joke coin that somehow got this big. Don't waste your time. But it is good for a laugh. So not a scam, but worthless and is not going anywhere.

[Harribel03]

Dogecoin is a legit coin though I know that it is dead coin. I think it made just for a joke so we cannot deny that it is also a shitcoin. If we will invest in doge for sure all of your funds that you put will gone.

[EricExxo]

Dogecoin is a legit coin. Some say that it is dead coin, a joke. Im sure they will launch a rebranding campaign soon.

*If you deal with information, you need the Internet. If you deal with money, you need to deal with blockchains.

[Dread Pirate Roberts]

im user doge from 2014 . i ever in market when doge price at 200 sat and a lot user still use it for playing games ( bet )
or just hoping price will go up . so my opinion its safe . thats only my opinion . correct me if im wrong .

[carrymentality]

I have been hearing about a lot of fraudulent altcoins out there.
Personally have been eyeing Dogecoin for a while to purchase as an altcoin. However,
I believe I came across an article that called them fake. The thing is the article did not
go into any further details.

All I want to know is if Dogecoin is a legitimate investment into altcoins? Help me
Crypto-world, what do you think?

It is; however, in an investment standpoint, I don't think that it is a very promising one. It has been around for years already, and although its origin point is China, I am not saying that it would be a bad coin to hold. I am saying that it lacks promise due to the fact that it haven't gained much every since its onset, and it doesn't have quite a buzz ever since. Therefore, if you are to risk a big investment on it, you should also be ready for either little profit or a long and lengthy investment.

[cryptomema]

Doge coin was never a good coin to hold,becauhse the developers are just trippin when they created this meme coin for fun.The developers are not to serious about this coin that is why they abandon this shitcoin a long time ago almost 2.5years to be exact when the last developer appearnce.It is clearly a dead shitcoin today investing to this coin would be a suicide if you ask me because it has no potential to grow in the future.

[btcprospecter]

It depends what you want to use doge for do you plan to hold it as an investment? Imo it is never going to moon. But you could hold a few thousand and see if it does go anywhere. It depends on your overall strategy with crypto currency is.

[Minecache]

Is a fun coin but a very stable and usable one. Many exchanges use it as a means to convert between alt coins

It is legitimate for this purpose only, transferring between exchanges and saving on fees. Besides that there really is not much use-case here but this is crypto and it has survived for 2 years beyond that. So if you want to feel secure you probably can while investing in Dogecoin because it is a coin that seemingly never dies, despite how much not development is going into it .

Yeah, you're right. I guess that every experienced member of this market is pretty surprised why doesn't DOGE become dead since it was abandoned by the development team. But I guess the answer is pretty trivial - it's just cheap to use it.

[beskid]

Despite the unusual cause of the creation, Dogecoin for today is well recognized and moving on an upward trend of the crypto currency.  The positive surrounding this player and the high interest received by investors this year are likely to push the DOGE rate upwards in 2018 as well.