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Author Topic: [ANN][DOGE] Dogecoin - very currency many coin - v1.10.0  (Read 3085770 times)
vinipoars
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September 06, 2014, 05:30:50 PM
 #21881

What happend to Dogecoin? Are there some big whales have started to eat some cheap nodes?

All the slow Bitcoin millionaires finally realized that what I've been saying is true:  Doge and LTC will be added to BitPay et al and be pushed mainstream next year.  Doge should hit a $1 billion valuation next year and LTC should hit $100.

Cheers!
$1 billion valuation seems a little extreme, but I don't doubt it will surely reach around $300-400 million valuation.

4chan was right...  Tongue Grin
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Vlad2Vlad
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September 06, 2014, 07:22:57 PM
 #21882




4chan was right...  Tongue Grin


What do you mean?  Sorry not familiar with who 4Chan is.


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Vlad2Vlad
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September 06, 2014, 07:26:42 PM
 #21883



Any links for these claims or it's the usual hype to the moon non-sense?


None.  Just my personal speculation and my stellar track record.

I said weeks earlier that doge and LTC would be pushed mainstream and soon after that CheapAir added them via BitGo.  This is why doge is rallying - people are now realizing what I said all along, that doge will be pushed mainstream along with BTC.  This then means BitPay, Coinbase, etc are a done deal.

The reason I knew this is that Bitcoin will go mainstream next year but its transactions are way too expensive and when volume picks up Bitcoin will not be able to handle the transactions size.

LTC and doge [together] solve the tx volume and high tx cost issues for Bitcoin.

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vinipoars
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September 06, 2014, 08:16:22 PM
 #21884




4chan was right...  Tongue Grin


What do you mean?  Sorry not familiar with who 4Chan is.



It's a joke, the "4chan's Dogecoin prophecy". Here: https://i0.wp.com/konneko.com/wp-content/uploads/2013/12/default.jpeg

 Grin
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September 06, 2014, 09:55:05 PM
 #21885


The reason I knew this is that Bitcoin will go mainstream next year but its transactions are way too expensive and when volume picks up Bitcoin will not be able to handle the transactions size.

LTC and doge [together] solve the tx volume and high tx cost issues for Bitcoin.

I agree that if bitcoin gains more popularity, it'll likely pull the DOGE up. Simply, if someone put some effort to learn about bitcoin, than he/she is very likely to try the other cryptos as well, and DOGE is one of the most popular and easier to get.

Don't really see what's the strenght of LTC nowadays tho. Bitcoin is (was and will be) more popular as both, functional currency or investment. Dogecoin has low tx fees, creates more hype and reaches to a new people. Think LTC will be slowly losing its position.

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September 06, 2014, 09:59:57 PM
 #21886


The reason I knew this is that Bitcoin will go mainstream next year but its transactions are way too expensive and when volume picks up Bitcoin will not be able to handle the transactions size.

LTC and doge [together] solve the tx volume and high tx cost issues for Bitcoin.

I agree that if bitcoin gains more popularity, it'll likely pull the DOGE up. Simply, if someone put some effort to learn about bitcoin, than he/she is very likely to try the other cryptos as well, and DOGE is one of the most popular and easier to get.

Don't really see what's the strenght of LTC nowadays tho. Bitcoin is (was and will be) more popular as both, functional currency or investment. Dogecoin has low tx fees, creates more hype and reaches to a new people. Think LTC will be slowly losing its position.

If LTC goes then so will DOGE.  DOGE people just need to take the back seat n shut the fuck up Cheesy DOGE needs LTC @ this point and relies on it. 

Even if BTC goes up it won't effect how there isn't enough BTC to fill the endless DOGE void in the long term.  Therefore, long term BTC investors (the type of investors you want) will steer clear of this I believe and it will be left with the day traders/gamblers to bleed out.

I sound like a broken record, but the main thing I hear from BTC fans is that there will only be 21 mil.  Cap the coin! 100,000,000,000 strong!


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September 06, 2014, 10:26:00 PM
 #21887

The no cap takes the wind out of the sails of the people how claim Bitcoin is a ponzi. It also is of no issue for every day usage as it is far better suited to buy a sandwich than Bitcoin is.
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September 06, 2014, 10:35:33 PM
 #21888

25% rise ... what´s going on? Shocked
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September 06, 2014, 11:38:07 PM
 #21889

...So basically this price action is driven by the upcoming block reward reduction...

Not only block reward reduction plays a role, here is some points I outlined elsewhere, copying to this thread:

1) Dogecoin has a strong developer Langer_hans, who is very active and recently released version 1.8 which supports auxPoW, which means other scrypt coins are starting to add to the hashrate of Doge.

2) Doge has bottomed and not going any lower (lowest was 20 satoshi), it takes only a few bitcoins to keep it afloat above that level, while Litecoin still has a lot of downside.

3) Doge community is second to Bitcoin only, and the school year just starting, the community will grow more as kids are back in school and share their passion with friends and actively involve them in (for) Dogecoin trading.

4) Dogecoin has a lot of coins, which some think looks bad, but in reality it appeals to people's self-importance, which is especially attractive to kids, and hence Doge will continue to have a large audience.

5) Doge is being added to twitch.tv as a tipping tool this week, it has a very good chance to become a tipping coin of the Internet, again due to its large coin base, which enlarges adoption by orders of magnitude. Other developers are making tipping tools that use Doge for other popular websites too.

6) Dogeparty project.

Thanks for laying all this out devphp, at least it is a coherent story.  However, all this has been true for awhile, I'm surprised the price action has been so strong to the upside.  Of course, I was surprised by the constant decline of the last few months so maybe I ought to give up forecasting doge prices!  Smiley

BAC you've run hot and cold on doge.  While I am not a fan of No Limit Ever and worry about Too Many Coins at least Doge is doing something different and, while diminished, the community is still relatively strong.

Good Luck.
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September 07, 2014, 12:27:17 AM
 #21890

because it is september,because new pow date approachl ,because 300M scrapt miner will be sold,because cheapair accept doge,because chinese will buy in 50billions doge in btc38.com. doge need more news,need more actual application news.

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September 07, 2014, 12:52:23 AM
 #21891

While I am not a fan of No Limit Ever and worry about Too Many Coins at least Doge is doing something different and, while diminished, the community is still relatively strong.

Good Luck.

I thought what was different about it back in December was how fast it would reach the cap.

It is strong and I do wish it the best of luck.  I really like DOGE and I just want to see the fucker thrive!  I think the chance of that would be better if it was capped and merged... I'm probably not doing the best job of coming off as a DOGE supporter by bitching, but god damn! Cap this thing up, that is the rocket fuel IMO.

We shall see I suppose!


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September 07, 2014, 04:41:06 AM
 #21892



Are the doge devs even discussing capping doge?  They must be - there is no way doge can ever go mainstream when the inflation is worse than the dollar they're running from.

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September 07, 2014, 07:31:50 AM
 #21893



Are the doge devs even discussing capping doge?  They must be - there is no way doge can ever go mainstream when the inflation is worse than the dollar they're running from.

There was an extensive discussion on reddit long time ago. They decided not to. Good decision, if all the coins are mined too soon - who would mine it and support the network? The reward from fees is not sufficient.

DOGE was designed to be functional currency rather than investment. The inflation is necessary and it's got nothing to do with going mainstream. As % value, the inflation will decrease every year, so if DOGE survives the first 2 years, it should be fine.

I am in favour of reducing the final block reward tho.

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September 07, 2014, 09:26:47 AM
 #21894


4chan was right...  Tongue Grin


What do you mean?  Sorry not familiar with who 4Chan is.



He was probably trying to discredit what you said. People in 4chan make the most irrational claims possible.

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September 07, 2014, 10:46:38 AM
 #21895


The reason I knew this is that Bitcoin will go mainstream next year but its transactions are way too expensive and when volume picks up Bitcoin will not be able to handle the transactions size.

LTC and doge [together] solve the tx volume and high tx cost issues for Bitcoin.

I agree that if bitcoin gains more popularity, it'll likely pull the DOGE up. Simply, if someone put some effort to learn about bitcoin, than he/she is very likely to try the other cryptos as well, and DOGE is one of the most popular and easier to get.

Don't really see what's the strenght of LTC nowadays tho. Bitcoin is (was and will be) more popular as both, functional currency or investment. Dogecoin has low tx fees, creates more hype and reaches to a new people. Think LTC will be slowly losing its position.

Go back through this thread and read the hype in February when people where so happy that they passed the hashrate of LTC and how LTC is doomed. What happened next? I'm a doge supporter but what happened was BEGGING for merge mining with LTC to secure the coin.



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rnicoll
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September 07, 2014, 11:15:42 AM
 #21896



Are the doge devs even discussing capping doge?  They must be - there is no way doge can ever go mainstream when the inflation is worse than the dollar they're running from.

Again; the inflation is a constant volume, so it drops as a portion of coins over years. As one example, this means in 30 years it will be down to 2%. That also has to compensate for lost coins; in conventional currency money that's too old and taken out of circulation is then re-printed, for Dogecoin if you lose the keys to your wallet those coins are then out of the economy. Compared to most other coins, our supply drops insanely quickly, to the point that I expect that in 6 months people will complain that having mined 2,000% of that year's (2015) supply in 2014, makes it almost a premine. It also gives us plenty of spare for weird experiments that use proof of burn to form new currencies, such as Dogeparty.

Personally, I'm also of the opinion if we lose the inflation, we're exactly the Bitcoin clone with different branding that many of our detractors claim we are.

We have 100-200,000 users (my estimate), stop worrying about 5% and ask how we get the next 1000% increase in users (and even that would only bring us up to Bitcoin-levels).

Dogecoin Core developer, ex-researcher, trader.

Unless stated otherwise, opinions are my own and do not necessarily reflect that of other Dogecoin developers.
rnicoll
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September 07, 2014, 11:18:14 AM
 #21897

What happend to Dogecoin? Are there some big whales have started to eat some cheap nodes?

All the slow Bitcoin millionaires finally realized that what I've been saying is true:  Doge and LTC will be added to BitPay et al and be pushed mainstream next year.  Doge should hit a $1 billion valuation next year and LTC should hit $100.

Cheers!

We should also remember the payment processors who have shown faith in Dogecoin already, and support them in return. In strictly alphabetical order, I'm aware of: block.io. Coinpayments.net, DogePoS, GoCoin, Moolah. Lets get more stores using them!


Dogecoin Core developer, ex-researcher, trader.

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rnicoll
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September 07, 2014, 11:20:22 AM
 #21898

I agree that if bitcoin gains more popularity, it'll likely pull the DOGE up. Simply, if someone put some effort to learn about bitcoin, than he/she is very likely to try the other cryptos as well, and DOGE is one of the most popular and easier to get.

Don't really see what's the strenght of LTC nowadays tho. Bitcoin is (was and will be) more popular as both, functional currency or investment. Dogecoin has low tx fees, creates more hype and reaches to a new people. Think LTC will be slowly losing its position.

I'd think of it less as "Why is Litecoin so high?" and more "Why is Dogecoin so low?"

Even if anything does happen to Litecoin in time, we're merely adding a mechanism to get their hashrate as well as our own, helping secure the coin, we can still survive without them.

Dogecoin Core developer, ex-researcher, trader.

Unless stated otherwise, opinions are my own and do not necessarily reflect that of other Dogecoin developers.
Kergekoin
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September 07, 2014, 12:42:01 PM
 #21899

DOGE will hit the LTC market cap within next year. This will happen due LTC falling and DOGE gaining its strenght.

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September 07, 2014, 09:26:13 PM
 #21900

DOGE will hit the LTC market cap within next year. This will happen due LTC falling and DOGE gaining its strenght.

you are sure?  Tongue
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