BayAreaCoins
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Owner at AltQuick.com
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May 31, 2014, 08:25:30 PM |
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How is that different? Your mind can't produce a way of getting infinite doge, either. For that you'd need; an infinite amount of time, and an infinite amount of hashpower.
Your mind doesn't need to produce infinite doge at this point, the code does that for you. Time is infinite and is going to come whether or not we want it to! Hashing power has 0 effect... the number of coins isn't based on the hashing power. There will be 5.25 billion coins per year if there is 1gh/s and there will be 5.25billion coins per year if there is 10000 gh/s! Of course, but if there's a high hashing power, that's shared by thousands of miners, do you really think they'll make significant selling pressure, bigger than the buying pressure of all those who have yet to convert some of their fiat to cryptocurrencies? I don't think there will be any "buying pressure" for DOGE... such tipping currency! People will use their fiat for Bitcoin. Bitcoin won't flow into doge for the reasons I have outlined above. Only time will tell though I guess, but I've said my weekly piece.
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lynn_402
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May 31, 2014, 08:29:11 PM |
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I don't think there will be any "buying pressure" for DOGE... such tipping currency!
People will use their fiat for Bitcoin. Bitcoin won't flow into doge for the reasons I have outlined above.
Only time will tell though I guess, but I've said my weekly piece.
Fair enough. May the best coin win, and good luck with your investments.
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dbzenhosting
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May 31, 2014, 09:59:07 PM |
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Doge coin is dead, downhill from here. I just sold my 500k, been holding since day 1. What a mistake. Only true coin to hold is BTC, all the other coins are short term. That is a fact!
Dumb me, I lost $500+ for waiting. O well.
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cisengineer
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May 31, 2014, 10:49:07 PM |
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I'm not just leaving a comment to see updates on the DOGE thread. That would be rude and waste people's time.
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bit tired
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May 31, 2014, 10:53:20 PM |
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Doge coin is dead, downhill from here. I just sold my 500k, been holding since day 1. What a mistake. Only true coin to hold is BTC, all the other coins are short term. That is a fact!
Dumb me, I lost $500+ for waiting. O well.
How much did you get for your 500k?
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lynn_402
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May 31, 2014, 11:01:11 PM |
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Doge coin is dead, downhill from here. I just sold my 500k, been holding since day 1. What a mistake. Only true coin to hold is BTC, all the other coins are short term. That is a fact!
Dumb me, I lost $500+ for waiting. O well.
That's what the big Bitcoin holders want you to think What changed since the day you decided investing in Doge was a good idea? Have you no convinctions?
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dbzenhosting
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May 31, 2014, 11:01:32 PM |
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Doge coin is dead, downhill from here. I just sold my 500k, been holding since day 1. What a mistake. Only true coin to hold is BTC, all the other coins are short term. That is a fact!
Dumb me, I lost $500+ for waiting. O well.
How much did you get for your 500k? $167
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bit tired
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May 31, 2014, 11:06:11 PM |
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That's a bummer!
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nicetry
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June 01, 2014, 03:06:48 AM Last edit: June 01, 2014, 03:19:17 AM by nicetry |
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lol i watch you shibes talking about doge and i feel like you guys are living in another universe. No sense of the market and the fundamental law of supply and demand at all and refuse to face reality. If I could short this coin, i really would. Since there are so many people here trusting this coin so much, anyone want to lend me some doges so I can short it? I will pay you 10% annual interest for borrowing your doge. Aka i will return 110% after 1 year.
Anyways, the market is flooded with this coin. The coin is not more special than any other crypto out there. It's a fad that has reached its end of life. The prospect of uncapped supply scares people even more. With BTC rising this fast, there is even more incentive for people to move doge to BTC. You guys are like the bank of England trying to prop up the pound (go google it) while being oblivious to the market conditions.
Actually you are worse than bank of England, at least BoE had 10 Billion pound to prop it up (yet still failed), but you guys are all talk and have no money. To quote one guy, your "social conscience" is worth exactly 0 BTC in the eyes of a supply and demand based market.
I don't mean to be harsh, but I'm just telling you how the real world works and why doge is falling. You talk like there is some kind of conspiracy against doge. That *might* be true if doge was a stock, and people got insider informations and/or people can short this coin and/or there are stock options available for trading, but in a crypto market where there is no shorting or options trading, the only way for a crypto go down is if everyone is selling doge. Face it, there is simply too much supply and not enough demand, compounded it with fear and uncapped coin, you got a free falling doge.
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Molly Machine
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June 01, 2014, 03:17:07 AM |
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I asked this in the IRC but at the time no one could give me a good answer.
I'm curious about all these new asic's being released, and how it impacts doge.
Will more GH/s increase the speed at which doge can potentially be mined? Will it potentially change the fact that the end of 2014 will be "all mined" (minus the inflation each year of 5 billion doge's)
I haven't been online much in the past few months so I'm now playing catchup with all the news. Thanks!
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bluepixie
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June 01, 2014, 04:37:47 AM |
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I was looking on most of the exchanges and it looks like a couple guys with 100 btc each could take doge back up over 100 It looks to me like the perfect time to buy. It is 80% mined. It stayed at 100 satoshi for months. It will get there again. Look how fast it went up before and there are few sell walls now. Im thinking doge for half price. Thats my take.
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silk: BGBAs75ApT81uGLQZN7qdzrUVj8DXiYscF piggy: pbDUdRPkhoxTGLmrXp4wuMgwoHbUfgrTW8
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stewart2012
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June 01, 2014, 04:56:51 AM |
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I was looking on most of the exchanges and it looks like a couple guys with 100 btc each could take doge back up over 100 It looks to me like the perfect time to buy. It is 80% mined. It stayed at 100 satoshi for months. It will get there again. Look how fast it went up before and there are few sell walls now. Im thinking doge for half price. Thats my take.
thanks for your opinion ... then whats the final target for doge price ? 100 or more ?
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bluepixie
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June 01, 2014, 05:10:51 AM |
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I was looking on most of the exchanges and it looks like a couple guys with 100 btc each could take doge back up over 100 It looks to me like the perfect time to buy. It is 80% mined. It stayed at 100 satoshi for months. It will get there again. Look how fast it went up before and there are few sell walls now. Im thinking doge for half price. Thats my take.
thanks for your opinion ... then whats the final target for doge price ? 100 or more ? I dont think its impossible for doge to have 25% of the market cap of litecoin that would put it at 125 satoshi and Doge is actually a more useful coin then litecoin. People actually buy things with it. I think 200-250 is very reasonable.
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silk: BGBAs75ApT81uGLQZN7qdzrUVj8DXiYscF piggy: pbDUdRPkhoxTGLmrXp4wuMgwoHbUfgrTW8
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nicetry
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June 01, 2014, 05:46:58 AM Last edit: June 01, 2014, 06:07:03 AM by nicetry |
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I was looking on most of the exchanges and it looks like a couple guys with 100 btc each could take doge back up over 100 It looks to me like the perfect time to buy. It is 80% mined. It stayed at 100 satoshi for months. It will get there again. Look how fast it went up before and there are few sell walls now. Im thinking doge for half price. Thats my take.
200 BTC will do it? just like bank of england's 10 billion pounds? It's a good thing you only play with pretend money, good luck in the real stock world when you get out of your parents' house. you really think a sudden push of 200 BTC will turn the market around? I really do hope some big shot tries this, so I can sell my last 72k doge when it does get pushed up. Or at least, for the hour or two while it's still up.
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mashac
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June 01, 2014, 07:15:19 AM |
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Dumb me, I lost $500+ for waiting. O well.
Seems true, since you didn't wait enough.
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mashac
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June 01, 2014, 07:19:44 AM |
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The prospect of uncapped supply scares people even more.
It only scares idiots.
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BayAreaCoins
Legendary
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Activity: 3976
Merit: 1250
Owner at AltQuick.com
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June 01, 2014, 07:53:04 AM |
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lol i watch you shibes talking about doge and i feel like you guys are living in another universe. No sense of the market and the fundamental law of supply and demand at all and refuse to face reality. If I could short this coin, i really would. Since there are so many people here trusting this coin so much, anyone want to lend me some doges so I can short it? I will pay you 10% annual interest for borrowing your doge. Aka i will return 110% after 1 year.
Anyways, the market is flooded with this coin. The coin is not more special than any other crypto out there. It's a fad that has reached its end of life. The prospect of uncapped supply scares people even more. With BTC rising this fast, there is even more incentive for people to move doge to BTC. You guys are like the bank of England trying to prop up the pound (go google it) while being oblivious to the market conditions.
Actually you are worse than bank of England, at least BoE had 10 Billion pound to prop it up (yet still failed), but you guys are all talk and have no money. To quote one guy, your "social conscience" is worth exactly 0 BTC in the eyes of a supply and demand based market.
I don't mean to be harsh, but I'm just telling you how the real world works and why doge is falling. You talk like there is some kind of conspiracy against doge. That *might* be true if doge was a stock, and people got insider informations and/or people can short this coin and/or there are stock options available for trading, but in a crypto market where there is no shorting or options trading, the only way for a crypto go down is if everyone is selling doge. Face it, there is simply too much supply and not enough demand, compounded it with fear and uncapped coin, you got a free falling doge.
I would flip everything I made in DOGE back @ shorting it. I 100% agree.
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tema
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June 01, 2014, 07:55:15 AM |
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Stop whining! Look wider most coins falling in price even more, for they can not buy anything and they still exist and even show an increase. Dogecoin adopted on par with Bitcoin and Litecoin from payment service GoCoin - means many shops accept payment in Dogecoin and there will be more, and you are creating a panic!
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✔ Freedom ✔ Reliability ✔ Global accessibility ▮▮ BITCOIN ▮▮ ✔ Trust and Integrity ✔ Independence
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devphp
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June 01, 2014, 07:57:40 AM |
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Doge's and Litecoin's market caps will be on par in 2014. Meaning either Doge will appreciate that much, or Litecoin depreciate that much, but most likely market caps will meet each other half way.
At that point negotiations on merged mining can probably resume, which will really be to both coins' benefit, as two communities can unite to make one big strong community with combined hash rate.
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