Thoughts on Dogecoin?

[galbros]

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

Normally I would agree with e521, he has described textbook pump and dump.  The only thing that seems different with DOGE is that it has built such a quick infrastructure.  Compared to the other alt coins only LTC seems to have a similar range of uses.  DOGE had lots of threads was on an exchange, (and it's now on vircurex) and doge-dice is a clone of a very popular dice site.  This makes me think the coin may have some staying power.

Not sure I would buy it, but having lots of nothing is fun, and the coin does have the benefit of not taking itself too seriously.  The fact that it has dropped and then bounced back relative to BTC is also encouraging.

Good Luck!

[Sephera]

Need help in mining these things

[feebs]

DOGE is one of the cheapest coins right now, buy and forget, harvest after 1 or so year

[ErnieRox]

sounds interesting, more like a gimick or a fun type of coin, wouldnt mind picking some up, you never know these days

[Whoisthelorax]

As someone who sincerely desires cryptocurrencies to stabilize, become a steady medium of exchange for common people, and not be considered a joke to the comman man, I find doge coins antithetical to my goals. It reaks of a pump and dump and the whole basis is a joke.

Don't get me wrong, I like my LOLcats on occasion. but I think this crypto movement is intentional and doge goes in another direction entirely.

[cointradero]

First, I think it's a bit ridiculous that newbies are restricted to this section. 
Now that I've gotten that out of the way...

I mined over a million of these in one night a week after it was released and dumped them the next day for 1/5th what they sold for a week later.  I continued mining these for a week and made about 2 bitcoins worth out of them through trade, even though most of my trades were nowhere near the peak. 

It is still the most valuable scrypt coin to mine.  Having said all that, there are going to be 100 billion of them and 13 billion have already been mined.

It's like saying grass is going to be valuable in the long run.  They would have to completely capture the entire retail commerce section that bitcoin already has - and no serious person is going to exchange a large item of value for a meme based coin that offers nothing that 100 other alt coins before it have offered besides ubiquity and cuteness.  Those are not things that long term value is built on. 

It is cute, it may have a place as a reddit tipping item or make its way into some other form of minor online currency for other cutesy things like a payment system for the countless casual MMOs and pay to play dress up games that exist online.  It's viability as a competitor to Bitcoin or even Litecoin is severely limited. 

As all fads, it will burn itself out in time.  Don't waste your time spending money to mine it.  I don't think there will be another push about 0.000002 BTC ever.  It will probably end up around 1/10 that. 

[infinitybo]

@Topshibedoge so now you are probably looking for some Catcoins anyways well played ! Feel free to message me.

[nullievoid]

Dogecoin is here to stay, though I wouldn't expect price going up substantially in near future. Sure, it doesn't offer considerable technological advantage over other forks, but just being an embodiment of such a meme could very well be enough to keep it going along. Having a huge imageboards' background myself, I look forward to cryptocurrency like that, which is able to combine fun and profit in a great way.

[goossensb]

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.

Any links to this "attention"?
I've heard about them over here in Belgium when bitcoin went down a lot, dogecoin went up.
Yesterday I did notice kind of the same, Bitcoin came down +/- 100$ and doge went up 50%
I'm not sure why this is though

[nullievoid]

Any links to this "attention"?

If you've never actually heard of "Doge" itself, I believe a quick google search would do. Also, you can read more about its origins here: http://knowyourmeme.com/memes/doge

[Sephera]

How do I buy this and store.

[DodoB]

is there even a market for this coin? i dont think anybody is selling stuff for dogecoin..

[EvoHash]

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

DoggyStyle Coins 

[kristoffer]

I kinda like them, so i'm setting up a miner right now. Only getting 3.17 khash/s so i might be doing something wrong But i'm hoping that i will fix it.