Is doge dying off?

[markm]

DOGE is EGO'D spelt backwards!

So egotistical. So cool. So hamburger. Ceilingcat is watching!

Grumpycat, of course, remains grumpy. But that, surely, is to be expected?

-MarkM-

[aleksand]

The price will rise again!

[CoinPN]

I think the price will be down for 1-2 week before it rises up higher

[Aaroenz0r]

Was greedy, should have sold dem coinz @ ~xxx(dont know how many 0 xD)200

[Manwe]

I think 0.0000005 is the lowest, how can it be down?

[dquancey]

DOGE is totally dead. Sell now.

I promise my buy order isn't set at 40 Satoshi.

[Kungfucheez]

I think 0.0000005 is the lowest, how can it be down?

Because there's still so many coins left to mine and the block reward hasn't changed. So the market is just becoming saturated with doge. If a resource is so abundant and available, of course no one is going to pay much for it because they could just as easily get it themselves or buy it at a cheaper price then the market price. When this coin starts becoming harder to mine and to find, then naturally the price will go up.

[Gasai Yuno]

i trust to doge. it will be rise up again.

[superresistant]

I have nothing against Doge but you have to understand that its relative success is due to a hype of total noobs mining and buying it with no idea of what they are doing and no knowledge about cryptocurrencies.

It may not die but it will probably go much lower really soon. Remember, every hype is followed by a massive drop. Experienced traders are gonna suck your wealth really fast.

Do not invest in it if you don't know what you are doing.

[hakans]

there are very interesting buying offers now.

78 btc , 64 btc 

someones are collecting doges.
the question is : for what.

I think a new pump is coming !!

[crhys]

What happens if DOGE is just one big PUMP and DUMP, will it ruin the reputation of all crypto coins ?

Only time will tell I suppose, I am in with a few 100K DOGE, just for shits and giggles.

I wonder if we will ever see GAGA, BIBR or RIHA Celeb coins ?

[FrictionlessCoin]

I don't think it's dying off, I just wouldn't invest in it right now. There are too many new doge coins flooding the market (something like 1 billion new ones a day). After the initial cryptsy bump there was nothing to sustain it's value and it tanked back to what it's real value should be. It's still in the top 15 market caps which is very impressive for a new coin that just tanked. When block mining starts rewarding less coins I can see the price start going back up and take the way of infinite coin.

I don't think the people who are buyers of Dogecoin have enough BTC to keep on buying what the miners are selling.

In this early stage of a coin, the price has to start really low for it to make any sense as an investment.

[wachtwoord]

People that buy DogeCoin as an "investment" can't have many functioning brain cells

[FrictionlessCoin]

No, Doge is booming. There are just too many coins too fast - the market can't sustain high prices with so many coins flooding the market.

Once the miners cool down a bit Doge is going to go up like crazy.

Once the miners cool down?

Do you realize that the mint rate is the same regardless of the number of miners?

[FrictionlessCoin]

I hate doge, but  I'm gambling on it rebounding - no way should you sell at this price

I've watched it steadily slip down and there has always been a 1btc buy order or similar waiting to be served.

"gambling on it rebounding"

Have you ever heard of "supply and demand"?

[Exocyst]

45+ BTC buy order on Cryptsy.
Someone can see something we don't.

I see it: Another sucker separated from their bitcoin. Enjoy your MEME coin! If anything has lasting value, it's a meme...

[blade87]

It's consolidating. But, even if it dies off, it will get pump and dumped at some point because DOGE is now highly recognized in the cryptomarket. If it gets really cheap, I'll buy a few myself (nothing major, but $500 could turn into a lot during a pump). Right now I'm just sitting on a stash that I mined for 2-3 days very early on. I don't plan to do anything with it for a long time.

[Gasai Yuno]

why a person hates from a coin?

i ve never seen that coins gonna kill ppl! lol

[FrictionlessCoin]

Fact : 90% of posters here don't know basic things about currencies.
So funny.

Of course price will drop, since the market is flooded with DOGEs.
Compare coins with apples. Is there demand?  If yes, price will go up highly.
THere's no demand? Price will start dropping.

In this case, there are MANY doge coins. Not many persons interested to buy.
When every miner dumps from multipool and floods the market.
Instead of holding coins and wait 2-3 weeks.

Im sorry to pop your EGO bubble, but you are in fact wrong on your facts and you are the one in your called 90% of posters here who does not know the basics.
Multipool does not autosell and multipool miners are not autosellers. They are just DOGE miners like everyone else in any other pool. They are NOT the cause of price drop.
2-3 weeks holding does not improve the price of DOGE on long term. It is simple logic that you are missing here. Think about it a little and perhaps you understand.
Initial demand for DOGE came from hype. Now its correction time. Price falls to normal level simply because DOGE is no "jackpot for everyone" but instead it is just another coin.
However. DOGE has big potential to become great coin!
What DOGE needs is all kind  of advertising and Shops and Services to start accepting DOGE as payment.
Only then those tasks are accomplished the value of DOGE will start rising over the any other popular altcoin. Why? Simply because holding DOGE becomes more meaningful. At the moment DOGE is nothing but hyped coin which has no other purpose than trading for profit.

---
One more thing i would like to add to DOGE owners to undersand. We are around 1/4 from block reward being halfed. If you  are sitting on millions and you do not have to sell to pay your bills, then hold. In two months time you will get at least double of current price.

I agree with you that Doge is very popular.   The problem however is the price,  as you mint more coins,  the price goes lower.

There are too many coins!  500,000 coins are minted every block!  It does not matter how committed the buyers and holders are for the coin, there are just too many coins to sell.

Hey,  I'm a DogeCoin miner and all I do is autosell to BTC.   I have no motivation to see it tank since I'm a seller,  but I am being plain and simple honest with you folks.    Even though it appears that there is a lot of demand,  there's just too much supply.

[FrictionlessCoin]

I think 0.0000005 is the lowest, how can it be down?

Because there's still so many coins left to mine and the block reward hasn't changed. So the market is just becoming saturated with doge. If a resource is so abundant and available, of course no one is going to pay much for it because they could just as easily get it themselves or buy it at a cheaper price then the market price. When this coin starts becoming harder to mine and to find, then naturally the price will go up.

So when does this coin become 'harder to mine'?

Appears to be a very long time from now.