Is doge dying off?

[svennand]

The coin that has one of the largest amount of Volume traded on Cryptsy is dead. AHAHAHA.

The highest volume on the world's shittiest exchange? That's like the winner of the Special Olympics.

Sorry, thats just to funny

[MiningThuis]

No, DogeCoin will raise more then ever hehe

[360998186]

imo,some people buy, some sell

[renodaret]

Well fair price seems vaguely, off-hand, 1/10th of a DeVCoin or thereabouts so yeah if fair price for a DeVCoin is 100 satoshis 10 ought to seem fair for a DOGE.

Mostly it is just a matter of can the folks who are buying low and selling high keep the lowest satoshis of price stacked high enough with buy offers to gobble up each day's minted-to-dump coins?

Shouldn't be a problem if Ceilingdoge really exists, backing/upholding his currency, since all he has to do is recycle coins sold high into coins bought low. Also known as using what the coins are sold for as "reserves" with which to "back" the currency.

Everyone knows Ceilingcat and Santa are real, so why not CeilingDoge and the Easter Bunny too?

-MarkM-

quit comparing coins to devcoin. and why are you writing DeV

fuckin noobs.

[WolfBits]

The coin that has one of the largest amount of Volume traded on Cryptsy is dead. AHAHAHA.

The highest volume on the world's shittiest exchange? That's like the winner of the Special Olympics.

Sorry, thats just to funny

No problem, we'll have the last laugh

That's what you think. You'll probably be devastated in the aftermath of dogecoin's death.

You're more delusional than religious people. DOGE has potential and that's it ... stop acting like it's future is certain.

[procrypto]

A few days into Dogecoin, I was convinced it was going to fizzle out as fast as it started, however, I'm no longer so sure. One of the funny things about it is how quickly the ecosystem has grown without anyone pulling the strings, and without any instant financial incentive for the participants. The difference between Doge and other altcoins in this regard is striking.

Other altcoin devs have to offer bounties for official websites, pools, blockchain explorers, gaming sites, exchanges, etc. With Dogecoin, all of this stuff just appeared instantly due to community enthusiasm, way before it was even trading for a single satoshi. The same with the media coverage it has garnered.. other altcoin communities are having to fund press releases, promotional coverage etc. Doge, on the other hand, strolled his cheeky way onto Bloomberg TV, the pages of Business Insider, etc with a flourish that other alts could only dream of.

People also forget that Bitcoin spread initially as something of a meme itself - that of presenting an alternative to the crony-capitalist system we all live under, a new, cheap way to send funds P2P.

I'm not wedded to the idea that it might take off, but I've also been kicking around these forums long enough to have seen a few hyped alternative cryptocurrencies, and I've never seen anything hit the ground running like Doge. It's an interesting social experiment in what happens when memes collide - the very 21st century meme of alternative banking, and the very 2013-specific meme of Doge - and so far, it's been a pretty damn successful experiment.

[oldmarsh]

Memes don't really last that long. Every meme has a peak in popularity and then a decline. Gangnam Style doesn't get many views these days.

I had purchased several mil DOGE on the first day and cashed out close to the peak at ~0.00000200. Feels good man.

I would bet all my BTC that if you cashed out from DOGE to BTC right now you will make a better return one year from now than if you hold DOGE.

[Kergekoin]

Memes don't really last that long. Every meme has a peak in popularity and then a decline. Gangnam Style doesn't get many views these days.

I had purchased several mil DOGE on the first day and cashed out close to the peak at ~0.00000200. Feels good man.

I would bet all my BTC that if you cashed out from DOGE to BTC right now you will make a better return one year from now than if you hold DOGE.

Wait. Do i understand you correctly that you want to bet that right now DOGE costs more than in one year from now? How many BTC you have? Im will take your bet if you are serious about it.
I will bet same amount of BTC against  you and i claim that DOGE will cost more in one year time from now. Im willing to bet up to 100 BTC. Thats about all i have right now.

[markm]

Its not a bet that DOGE will not be worth more than it is now.

It is a bet that X dollars/yen/whatever put into bitcoin instead of into DOGE will be worth more in a year than if it was left in DOGE.

(If you sell your DOGE and buy Bitcoin instead or in other words sell your DOGE for Bitcoin, it will be worth more in a year than if you left it as DOGE.)

Presumably the worth more part is the confusing part, as it seems to mean worth more dollars, or worth more loaves of bread, or worth more hours of minimum wage labour, etc etc rather than worth more bitcoin or worth more DOGE.

(Measuring in "hours of minimum wage labour" would be fun though as who knows, minimum wage might change...)

-MarkM-
 

[Kergekoin]

Its not a bet that DOGE will not be worth more than it is now.

It is a bet that X dollars/yen/whatever put into bitcoin instead of into DOGE will be worth more in a year than if it was left in DOGE.

(If you sell your DOGE and buy Bitcoin instead or in other words sell your DOGE for Bitcoin, it will be worth more in a year than if you left it as DOGE.)

-MarkM-
 

Oh right. Thanks for explanation.
So its BTC ROI against DOGE ROI starting from now. That bet is definately more risky, since BTC is quite low at the moment. It can easily rise to 1200$ in no time.

[superresistant]

Its not a bet that DOGE will not be worth more than it is now.
It is a bet that X dollars/yen/whatever put into bitcoin instead of into DOGE will be worth more in a year than if it was left in DOGE.
(If you sell your DOGE and buy Bitcoin instead or in other words sell your DOGE for Bitcoin, it will be worth more in a year than if you left it as DOGE.)
-MarkM-

Oh right. Thanks for explanation.
So its BTC ROI against DOGE ROI starting from now. That bet is definately more risky, since BTC is quite low at the moment. It can easily rise to 1200$ in no time.

Exactly !
BTC is still relatively low while the DOGE hype have passed.
BTC ROI win over DOGE ROI.

[markm]

Dunno about in no time, it is totally weird how long something somehow keeps suppressing Bitcoin exchange rates.

It should have been way the heck higher than $1200 long ago, the assets you can see climbing way the heck above Bitcoin in the plots and tables at http://galaxies.mygamesonline.org/digitalisassets.html ought never to have been able to catch up with bitcoin let alone rocket way the heck up past Bitcoin but I have never been able to figure out what the heck kept crushing bitcoin's value.

How can anything or anyone crush its value for so damn long?

-MarkM-

[carlb007]

How do you determine that doge's hype has passed? Because theres not 100% topics on the alt currency page? No ones writing articles online about it because everyones on holiday for 2 weeks.
Drop by reddit and youll see there are masses of projects being worked on right now - theres only so many 'to the moon' posts people can put up on a daily basis - it has to subside to some degree but that doesnt mean its hype has died down.

I also dont agree with those that say the coin has to die when the meme dies. The meme was a great way to gain attention and grab a foothold - but i see no reason why it cant rebrand the coin at a later date to give it a more 'adult' presence in the market if needed; but that doesnt need to happen anytime soon. Really the only thing you cant change with the coin is the name - thankfully though 'doge' isnt even a word, where as something like 'cat coin' or 'junk coin' are just flat out fucked imo.

[markm]

Its an acronym. Maybe something like DIgital Oversight for the Global Economy or whatever.

All governments' expenditures, tax income etc etc can be all out there in public for the public to oversee...

But don't tell them that yet! Pretend its just a silly internet meme for now...

-MarkM-

[Kergekoin]

Its not a bet that DOGE will not be worth more than it is now.
It is a bet that X dollars/yen/whatever put into bitcoin instead of into DOGE will be worth more in a year than if it was left in DOGE.
(If you sell your DOGE and buy Bitcoin instead or in other words sell your DOGE for Bitcoin, it will be worth more in a year than if you left it as DOGE.)
-MarkM-

Oh right. Thanks for explanation.
So its BTC ROI against DOGE ROI starting from now. That bet is definately more risky, since BTC is quite low at the moment. It can easily rise to 1200$ in no time.

Exactly !
BTC is still relatively low while the DOGE hype have passed.
BTC ROI win over DOGE ROI.

No. Thats not what i was saying. I just say that they are quite equal what comes to ROI. I still prefer holding DOGE over BTC at the moment. Heck, i even hold WDC over BTC right now.
I leave all emotions out of the "trading game". My decisions are based on calculations wheres my personal preference is not included as a variable.

[superresistant]

How do you determine that doge's hype has passed? Because theres not 100% topics on the alt currency page? No ones writing articles online about it because everyones on holiday for 2 weeks.
Drop by reddit and youll see there are masses of projects being worked on right now - theres only so many 'to the moon' posts people can put up on a daily basis - it has to subside to some degree but that doesnt mean its hype has died down.
I also dont agree with those that say the coin has to die when the meme dies. The meme was a great way to gain attention and grab a foothold - but i see no reason why it cant rebrand the coin at a later date to give it a more 'adult' presence in the market if needed; but that doesnt need to happen anytime soon. Really the only thing you cant change with the coin is the name - thankfully though 'doge' isnt even a word, where as something like 'cat coin' or 'junk coin' are just flat out fucked imo.

This hype only came from a (stupid) meme. This is what made the coin valuable : a horde of lol-people buying it blindly for the lulz. It is hard to take this kind of coin seriously and it doesn't matter the quantity of giveaway and pool.
It has already been made in the past but most of you where not into crypto at the time.
Have a look at the list under THE PURGATORY and DEAD / DYING.
This list doesn't even have all of them. Anyone can create an altcoin, there is infinity of it.

Maybe you're right on the fact that the hype is not over but then what ?

[Kergekoin]

No-sayers.
You are greatly underestimating the quantity and power of young and teenagers who like this coin and can pressure their daddy´s real money wallets a lot. DOGE is still a puppy in virtual currency world. Very few people know it despite all the media attention. It will need time to grow.
You are also underestimating pure facts that this coin is still by far the most popular altcoin in google trends.
And finally you are underestimating the fact that theres already a lot of of code written and lot of work done voluntarily for DOGEcoin. This amount grows a lot every day. As a result DOGE will become more popular. Demand will rise. Supply will decline.

[superresistant]

You are also underestimating pure facts that this coin is still by far the most popular altcoin in google trends.

Not a pure fact sorry, the trend is about the same as Litecoin but we'll see if it last.

And finally you are underestimating the fact that theres already a lot of of code written.

Version Changelog

V1.1 (12/11/2013) -- Minor release, not mandatory
- Added Seed servers.
- Compiled with UPNP on.
- Changed graphics.
- Fixed some incorrect Strings.
- Zip file contains readme and dogecoin.conf file for copying.

  WOW
      such code
much written

 

[Kergekoin]

Code written is not the wallet or client.  What i meant is all the stuff done by community.

[Operatr]

If you think anyone in the real world is going to use a coin with "Very currency!" plastered all over it, think again. Though it could become the home currency of meme sites.

Ultimately DOGE is just a typical Scrypt clone that offers nothing new at all to cryptocurrency, it is just another one among hundreds. The hype is already dying down.

For any coin to survive and prosper it needs to bring something new an innovative to the table, and be aimed at solving a particular problem or set of problems. I'm not sure how a meme inspired Litecoin clone that everyone thought was funny for a few minutes plans to do that without some revolutionary services being built on top of it. NXT for example really is a new type of coin that isn't just a clone or rehash of another coin that fixes some of the inherent problems with Bitcoin, coupled with p2p DNS functionality of Namecoin and coloredcoins exchange integration (eventually).

Never say never as there is no telling where this all goes from here, but the future of DOGE is not that bright in the end I think. Not to say I don't have a few Dogecoin in my cryptovault along with others