Thoughts on Dogecoin?

[QuantumScript]

I've got a couple hundred thousand Dogecoins from purchases and I'm looking to put together a cheap rig for some mining. Thoughts on the viability of the coin? I like it because it's easy to get into so far and it's fun. It's also getting really popular, probably because of the meme itself.

[Chancellor]

Thoughts on the viability of the coin?

For now I only trust the original BitCoin, alt-coins are risky. If I had an offer to be paid in alt-coins I would ask for BTC instead.

[zadeaux]

tough to say. I mine Primecoin and in multipool.. Everything gets traded into BTC eventually.

Multipool has been on DOGE for a while now. I have a very small mining operation just dorking around with all this.

Maybe making $50 bucks a week right now.

[QuantumScript]

I was considering trading my dogecoins for bitcoin but I'm guessing I won't get enough bitcoin to make it worthwhile.

[meade16]

I was considering trading my dogecoins for bitcoin but I'm guessing I won't get enough bitcoin to make it worthwhile.

But even if you have a small amount of a Bitcoin, the value will still be there, how many Dogecoins do you have? I traded in over 450,000 in the last week.

[topshibedoge]

I sold Doge for $500 USD in 2 weeks by starting very early. It was awesome. Those are my thoughts on Dogecoin. 

As for it's future, I have a feeling it will have run it's course after a few months. I think it will still go up a bit for a while, but eventually plummet and stay there. I hope I'm wrong.

[Chancellor]

I mine Primecoin and in multipool.. Everything gets traded into BTC eventually.

Which says all. I understand that altcoins are attractive for early adopters because of mining. However I'm not interested in mining at all. Note that altcoins may suffer from 51% attacks (a few altcoins have been brought down this way), price manipulation by huge stack posessors, and also design flaws (now everyone and their dog thinks he can design another cryptocurrency...).

[e521]

QuantumScript I guess you are new to this "fantastic" world, or a puppet to spam doge even at christmas? no idea

Anyway, doge is a "pump and dump" coin, it goes like this:
1) mine the shit out of it when diff is very low
2) spam the board, give away and shit like that
3) continue hype, start selling small amount to show that there is a market
4) continue to sell at ridiculous prices, exchanging it for BTC (which is the final goal)
5) create another coin and start for 1

Don't get caught, spend your FIAT on serious coins, and I suggest you buy coins rather than a mining rigs
It will be really difficult to ROI unless you join the doge-like system

[Nuphlex]

I think Doge has caught on a bit..is floating on marketing right now..the momentum should continue for few more months i think..then, who knows?

[balanghai]

Puppy Dumpy. 

[jongameson]

Trade your doge coins for kitteh coins (or cat coins).  Yes I'm serious, they actually exist!

[aciasche]

I still think it has some momentum to run up to around .000005 by the pumpers. Dogecoin has gotten more press than other alts, so methinks once it wears off it won't be as valuable anymore.

[WayTooGosu]

I just got myself a couple 100,000 Dogecoins, I'd say hold onto them for now. All the attention they're getting is raising their worth.

[Nathonas]

I think they're a silly joke. Right now they have a lot of attention because of the internet meme, but as soon as that dies down a bit its going to go back into altcoin hell. Most alt coins will never ever go anywhere. They receive some hype when they come out and die some time afterwards. There's short term profit to be made in trading them off while they're worth something, but long term they're worthless.

[jaybag]

Sell dogecoins high for BTC and move onto Kitteh or cat coins.

[nastybit]

Maybe there are a few weeks left but it will join the rest eventually.
Don't hold into it for much longer, it is worthless :-)

[bitfood]

not worth anything at all !!

[suchgenerosity]

I feel like the doge coin will continue to grow for a month at the very least, possibly more. I see doge almost everywhere, people love them some doge and I feel like that will push this coin for quite some time. Yeah it's a meme and memes come and go, but this one seems like it's got a bit more umph to it. Hang on to those coins for a bit longer before cashing out imo~

[satostein]

I think it's going places. I have 48k saved up

[Sephera]

How do you mine them?