[ANN][DOGE] Dogecoin - very currency many coin - v1.10.0

[Moli007]

I'm new to Crypto
the price looks very cheap, is this the right moment to invest?

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[1714802173]

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[1714802173]

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[1714802173]

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[starmman]

I'm new to Crypto
the price looks very cheap, is this the right moment to invest?

The price relative to other coins is cheap due to the number of DOGE coins in supply. You should research and complete some due diligence on any coin before investing - I'm certainly buying right now - but I'm buying tranches as the price drops - price has dropped since there are less Chinese buyers since there are problems with their exchanges, its never guaranteed that the price will go back up (although in my opinion likely) - so buying is not risk free.

[Moli007]

Thanks for your reply,
I was still proanalyzed before the investment 

[starmman]

Thanks for your reply,
I was still proanalyzed before the investment  

You're welcome - good to hear you are analysing - timing the market perfectly is impossible, I suspect the price will drop a bit more before rising - but its difficult to know - better to have bought just before the price bottoms than to miss out altogether (I've been in that boat a few times)

[go93]

I was recently reminded of possessing Dogecoins. My wallet is now almost up to date after having been inactive for over 3 years. Currently have 46400 DOGE. What do you guys think, keep, sell, buy more? Bought some LTC today as well.

[starmman]

I was recently reminded of possessing Dogecoins. My wallet is now almost up to date after having been inactive for over 3 years. Currently have 46400 DOGE. What do you guys think, keep, sell, buy more? Bought some LTC today as well.

For that amount at current price i'd be inclined to keep and wait for the price to be 100 again (fingers crossed), and buy a few more on the way down. Seems to be a general bearish sentiment on alts this week. Lots of weak hands around, good time for accumulating.

[go93]

I was recently reminded of possessing Dogecoins. My wallet is now almost up to date after having been inactive for over 3 years. Currently have 46400 DOGE. What do you guys think, keep, sell, buy more? Bought some LTC today as well.

For that amount at current price i'd be inclined to keep and wait for the price to be 100 again (fingers crossed), and buy a few more on the way down. Seems to be a general bearish sentiment on alts this week. Lots of weak hands around, good time for accumulating.

Yeah was kind of thinking the same. If I had kept track on the market cap I would have probably sold them at their ath. Doesn't hurt to hold them for a bit longer now. I'll transact them to my wallet on the exchange so I can always decide what to do with them. Have been reading a lot about altcoins lately and I'm selecting some coins I want to invest in the coming time. Any suggestions would be much welcome very wow

[ScubaFuz]

I was recently reminded of possessing Dogecoins. My wallet is now almost up to date after having been inactive for over 3 years. Currently have 46400 DOGE. What do you guys think, keep, sell, buy more? Bought some LTC today as well.

For that amount at current price i'd be inclined to keep and wait for the price to be 100 again (fingers crossed), and buy a few more on the way down. Seems to be a general bearish sentiment on alts this week. Lots of weak hands around, good time for accumulating.

Yeah was kind of thinking the same. If I had kept track on the market cap I would have probably sold them at their ath. Doesn't hurt to hold them for a bit longer now. I'll transact them to my wallet on the exchange so I can always decide what to do with them. Have been reading a lot about altcoins lately and I'm selecting some coins I want to invest in the coming time. Any suggestions would be much welcome very wow

The best suggestion here is to invest in Doge. It would be weird to make other suggestions in the Doge community. If you want to diversify, you can have a look at several coins and ico's that seem to be doing nicely. One way is to look at the top 20 coins on coinmarketcap, based on market cap (price per coin * number of coins in existence) but the real gems are under appreciated coins that will be discovered soon and might have a big growth. Remember: there is no guarantee that any coin will rise in value or even survive the next 6 months.

[CisColtz]

I was recently reminded of possessing Dogecoins. My wallet is now almost up to date after having been inactive for over 3 years. Currently have 46400 DOGE. What do you guys think, keep, sell, buy more? Bought some LTC today as well.

For that amount at current price i'd be inclined to keep and wait for the price to be 100 again (fingers crossed), and buy a few more on the way down. Seems to be a general bearish sentiment on alts this week. Lots of weak hands around, good time for accumulating.

Yeah was kind of thinking the same. If I had kept track on the market cap I would have probably sold them at their ath. Doesn't hurt to hold them for a bit longer now. I'll transact them to my wallet on the exchange so I can always decide what to do with them. Have been reading a lot about altcoins lately and I'm selecting some coins I want to invest in the coming time. Any suggestions would be much welcome very wow

The best suggestion here is to invest in Doge. It would be weird to make other suggestions in the Doge community. If you want to diversify, you can have a look at several coins and ico's that seem to be doing nicely. One way is to look at the top 20 coins on coinmarketcap, based on market cap (price per coin * number of coins in existence) but the real gems are under appreciated coins that will be discovered soon and might have a big growth. Remember: there is no guarantee that any coin will rise in value or even survive the next 6 months.

It's only a good time to invest in doge and keep them , the coin hasn't reach the full main stream . i remember back in 2014 when i had doge on a casino and if you had much on invest you would have made a really nice profit to be honest.

[starmman]

Doge listed as a base currency for trading other coins on Yobit, I'm surprised there isn't more discussion about this. It is a very good idea because Doge isn't hoarded as much as BTC, which makes it better as a reference to measure the price of other alts. Also, the withdrawal fees are much less, so smaller amounts can be exchanged more easily.

Good to see DOGE being used as a base market on another exchange =)

Looks like the number of transactions on Yobit is increasing a bit due to the base market

[vighter2]

I was recently reminded of possessing Dogecoins. My wallet is now almost up to date after having been inactive for over 3 years. Currently have 46400 DOGE. What do you guys think, keep, sell, buy more? Bought some LTC today as well.

For that amount at current price i'd be inclined to keep and wait for the price to be 100 again (fingers crossed), and buy a few more on the way down. Seems to be a general bearish sentiment on alts this week. Lots of weak hands around, good time for accumulating.

yeap, hodl is the right thing to do. Check the chart, set up an alert to 50 or 100, and wait. Its a good time to reinvest here

[juliao19]

Hello friends,
Would not it be a good idea for the community to press dogecoin administrators to promote an update that would limit the number of dogecoins that could be mined in the future? Of course I do not even know if this possibility exists, I even thought of creating a campaign for some government in countries with hyperinflation like Venezuela to adopt dogecoin instead of its national FIAT currency ... but that would be a dream for us dogecoins fans and especially for the holders of large quantities of shibes...

[psionin]

Hello friends,
Would not it be a good idea for the community to press dogecoin administrators to promote an update that would limit the number of dogecoins that could be mined in the future?

The only issue with Doge emission is that a lot were created at the beginning (100 billion generated in 2014, starting with 1M doge block rewards) and dumped onto the market at a time of the Shitcoin Renaissance, when the market was already saturated by countless other new alts. So there is a significant amount available for sale, but this is not a bad thing because it allows people to enter at a price that is not overhyped and massively inflated like some other coins out there.

The important thing to understand here is that there is no problem with the current emission schedule of 10K doge per block. It costs just $10 for miners to validate a new block, which is very low compared to the other main cryptos:

Bitcoin: $60,000/block
Bitcoin Cash: $4,600/block
Litecoin: $1,300/block
Ethereum: $1,600/block
Dash: $1,100/block
Dogecoin: $10/block

This $10 block reward equates to about 4.7% yearly increase in the Doge supply, which is not scheduled to approach 0 like Bitcoin, but isn't really inflationary either (the dogeconomy has been growing at a much faster pace), and because it is a constant block reward, the yearly increase would fall to 2.4% in 20 years when the total supply doubles.

[easyrimka]

nice grow of dogecoin !

[honuris]

at the current price dogecoin is a good investment for the long term? how can the price increase in the future?

[starmman]

Hello friends,
Would not it be a good idea for the community to press dogecoin administrators to promote an update that would limit the number of dogecoins that could be mined in the future? Of course I do not even know if this possibility exists, I even thought of creating a campaign for some government in countries with hyperinflation like Venezuela to adopt dogecoin instead of its national FIAT currency ... but that would be a dream for us dogecoins fans and especially for the holders of large quantities of shibes...

Not for me - I think that limiting the total number may actually be worse, the no limit makes DOGE different to most other coins and is a USP, this will encourage growth even after all BTC are mined, currently the number of coins are limited to around 5% per year and rewards decreasing  as difficulty increases. I dont think there will be a hyper inflation with DOGE - as more people adopt to using the coin >5% per year will be minimal and ensure the blockchain can always move.

[no-ice-please]

Hello friends,
Would not it be a good idea for the community to press dogecoin administrators to promote an update that would limit the number of dogecoins that could be mined in the future? Of course I do not even know if this possibility exists, I even thought of creating a campaign for some government in countries with hyperinflation like Venezuela to adopt dogecoin instead of its national FIAT currency ... but that would be a dream for us dogecoins fans and especially for the holders of large quantities of shibes...

Not for me - I think that limiting the total number may actually be worse, the no limit makes DOGE different to most other coins and is a USP, this will encourage growth even after all BTC are mined, currently the number of coins are limited to around 5% per year and rewards decreasing  as difficulty increases. I dont think there will be a hyper inflation with DOGE - as more people adopt to using the coin >5% per year will be minimal and ensure the blockchain can always move.

Having no mechanism to control currency supply is really not ideal and 5% per year should not be underestimated. If there were services that could be used by burning DOGE, there is a higher chance of reaching a good balance.From an investor's point of view, DOGE would not be the ideal choice. But this is not to say that DOGE is only serving investors' interests. It rather aims at mass adoption and that goes hand in hand with investors' interests, but only to some degree should the supply never be limited.

[starmman]

Not for me - I think that limiting the total number may actually be worse, the no limit makes DOGE different to most other coins and is a USP, this will encourage growth even after all BTC are mined, currently the number of coins are limited to around 5% per year and rewards decreasing  as difficulty increases. I dont think there will be a hyper inflation with DOGE - as more people adopt to using the coin >5% per year will be minimal and ensure the blockchain can always move.

Having no mechanism to control currency supply is really not ideal and 5% per year should not be underestimated. If there were services that could be used by burning DOGE, there is a higher chance of reaching a good balance.From an investor's point of view, DOGE would not be the ideal choice. But this is not to say that DOGE is only serving investors' interests. It rather aims at mass adoption and that goes hand in hand with investors' interests, but only to some degree should the supply never be limited.

For me it doesn't matter - I invested into DOGE knowing it was inflationary, and that is factored into the market cap - I've worked pretty closely with the guys at IXC which was (I think) the first fully mined out coin - now its pretty difficult to keep interest in the coin and the block chain going. DOGE is one of the coins (come 2030+) which wont have the issue of supply running out, who will want to mine for 0 reward. I think the diminishing reward over time makes good sense, inflation will be around 3% by this time. The only way forward would be to increase the transfer fees to keep the chain moving - one of DOGE's best points is the low fee.

Looking at the long game - I personally think it will be more of a help than a hindrance, the diminishing returns will have a major advantage over a lot of the fixed PoS coins.

[juliao19]

Hello friends I want to take advantage of the current quotation to buy more doges and lower the average value (I bought more than 100 satoshis). The problem is that my coins are almost all concentrated in Poloniex and I do not trust my pc to download a wallet offline (it's very old). Does anyone know a safe way to store my coins online?

[psionin]

Hello friends I want to take advantage of the current quotation to buy more doges and lower the average value (I bought more than 100 satoshis). The problem is that my coins are almost all concentrated in Poloniex and I do not trust my pc to download a wallet offline (it's very old). Does anyone know a safe way to store my coins online?

One way to do it is to save a wallet generator site like https://dogecoinpaperwallet.net to your computer, disconnect it from the internet, and then open the page to generate and use a paper wallet (it runs client side, and thus offline). That would be a simple way to have cold storage doges, although it's not very convenient.

For convenience and security (and immediate online access), the best option is a hardware wallet, like the Ledger Nano.