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

[Molly Machine]

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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[stewart2012]

plz help ... whats happen for doge ? sell it or keep it ?  

[bluepixie]

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.

[stewart2012]

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 ?

[bluepixie]

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.

[nicetry]

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.

[mashac]

Dumb me, I lost $500+ for waiting. O well.

Seems true, since you didn't wait enough. 

[mashac]

 The prospect of uncapped supply scares people even more.  

It only scares idiots.

[BayAreaCoins]

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.

[tema]

 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!

[devphp]

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.

[lynn_402]

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!

More gh/s in the network only increases security, difficulty will adjust to this so it will take the same amount of time to produce a block of the same value.

[Kergekoin]

I said that DOGE will hit 200+sat when this thread was started. I will say it again in a little different way. DOGE/USD will rise again quite significally. DOGE is a very good investment if you are going to hold at least a year.
Be patient. DOGE aint gonna die. In that im sure.

[lynn_402]

Looks like the market is changing its mind about Dogecoin! Congratulations to all holders and those who bought below 60

In other news: Operation Fire and Forget is fully funder: an extra 13 mh/s will protect the network 24/7 and its profits will go to the devs! Making the doge network about 1500$ more expensive to attack.

[nicetry]

Looks like the market is changing its mind about Dogecoin! Congratulations to all holders and those who bought below 60

In other news: Operation Fire and Forget is fully funder: an extra 13 mh/s will protect the network 24/7 and its profits will go to the devs! Making the doge network about 1500$ more expensive to attack.

So how long do you think doge will stay above 60?  And $1500 in what year's dollars? 

[lynn_402]

Looks like the market is changing its mind about Dogecoin! Congratulations to all holders and those who bought below 60

In other news: Operation Fire and Forget is fully funder: an extra 13 mh/s will protect the network 24/7 and its profits will go to the devs! Making the doge network about 1500$ more expensive to attack.

So how long do you think doge will stay above 60?  And $1500 in what year's dollars? 

What do you mean? It was 1500$ in today's dollars, which was raised to buy a community ASIC.

[futile-resistance]

Looks like the market is changing its mind about Dogecoin! Congratulations to all holders and those who bought below 60

In other news: Operation Fire and Forget is fully funder: an extra 13 mh/s will protect the network 24/7 and its profits will go to the devs! Making the doge network about 1500$ more expensive to attack.

So how long do you think doge will stay above 60?  And $1500 in what year's dollars? 

What do you mean? It was 1500$ in today's dollars, which was raised to buy a community ASIC.

Not to mention the 200 ASICs bought by the community from vAsic, bet quite a few of those will be pointed at Doge.

[nicetry]

Looks like the market is changing its mind about Dogecoin! Congratulations to all holders and those who bought below 60

In other news: Operation Fire and Forget is fully funder: an extra 13 mh/s will protect the network 24/7 and its profits will go to the devs! Making the doge network about 1500$ more expensive to attack.

So how long do you think doge will stay above 60?  And $1500 in what year's dollars?  

What do you mean? It was 1500$ in today's dollars, which was raised to buy a community ASIC.

Oh good, let's keep living in today's prices and dollars so doge network is always $1500 more expensive to attack, perfect plan.  This is why doge is falling, its supporters got no common sense, living in their own fantasy world

and you talk like adding another asics to farm doge is a good thing.  Let's see what happens when the devs sells the doge you raised to USD to actually use that money.  The way i see it, giving these devs bitcoins directly would have been better for the market prices.  And you act like preventing a network attack is a top priority that you need to worry about right now, instead of dealing with the elephant in the room.

[lynn_402]

Looks like the market is changing its mind about Dogecoin! Congratulations to all holders and those who bought below 60

In other news: Operation Fire and Forget is fully funder: an extra 13 mh/s will protect the network 24/7 and its profits will go to the devs! Making the doge network about 1500$ more expensive to attack.

So how long do you think doge will stay above 60?  And $1500 in what year's dollars?  

What do you mean? It was 1500$ in today's dollars, which was raised to buy a community ASIC.

Oh good, let's keep living in today's prices and dollars so doge network is always $1500 more expensive to attack, perfect plan.  This is why doge is falling, its supporters got no common sense, living in their own fantasy world

and you talk like adding another asics to farm doge is a good thing.  Let's see what happens when the devs sells the doge you raised to USD to actually use that money.  The way i see it, giving these devs bitcoins directly would have been better for the market prices.  And you guys act like preventing a network attack is a top priority that you need to worry about right now.

1500$ is barely a dent in our 1 million $ daily market volume. It is a priority, the fear of a network attack in the near future is the main reason dogecoin's price is low at the moment. And the Asic will put doges in the hands of important members of our community, rather than multipools. There litteraly is no downside to that plan.

Not to mention the 200 ASICs bought by the community from vAsic, bet quite a few of those will be pointed at Doge.

Even more, with this week's second batch

[lynn_402]

Looking at the order book on cryptsy; once we pass 73 sat, there's barely any resistance until 92, and supports seems to be building strongly around 60. Eager to see how this will go.