R.I.P Doge

[tk808]

The hype is all gone, the market crash is near, rest in peace doge.




"If you want to blow $100 on a dumb Internet meme, be my guest. But don't expect to make a profit." -Timothy B. Lee,  Washington Post

http://www.washingtonpost.com/blogs/the-switch/wp/2013/12/26/dogecoins-and-litecoins-and-peercoins-oh-my-what-you-need-to-know-about-bitcoin-alternatives/

[fendlestick]

Take a look at http://www.reddit.com/r/dogecoin/

[kalus]

I OWN CATCOIN

cool bro

[sitefive]

still have about 300k doges left myself, but I have to agree to Op the hype train is gone.

[dupee419]

you've been lucky it lasted this long. i wouldn't expect any other meme-based coins to do too well after this, but that's my 2 cents.

INVEST IN DGC while the price is still low-ish!!!

[mr_random]

LOL
doges community is to strong and big, they are not going to let that happend.

DOGE's one strength was it's virality. Now that has gone and with so many DOGE coins being made a day, wait for the price to drop now.

[kalus]

with so many DOGE coins being made a day

catcoin miner spotted

[Eliavres]

still have about 300k doges left myself, but I have to agree to Op the hype train is gone.

Well it is literally in your hands to get it going again. Spread the wealth, make faucets, bounties, giveaways and stuff! Sitting on your coins is only good if they're gaining value! This is the problem with most people early mining coins, everyone expects everyone else to promote the coin so no one does anything..

With that amount of DOGE on you, it becomes your responsability to help dogecoin succeed!

[galbros]

It would help and give you some credibility if you posted some data or rationale for your opinion.  Your comment is no better than all the insane DOGE to the moon its supporters are all spouting.

[dmidos]

So many btc were invested in doge, it can't just die. I think about bying some before doge is far from the moon.

[sitefive]

So many btc were invested in doge, it can't just die. I think about bying some before doge is far from the moon.

its already far from moon- sadly in the wrong way!

[tk808]

It would help and give you some credibility if you posted some data or rationale for your opinion.  Your comment is no better than all the insane DOGE to the moon it's supporters are all spouting.

"Presumably some of these buyers are people who are willing to drop a few dozen dollars to participate in a fun Internet joke. And others may be speculators hoping that they'll be able to unload their Dogecoins at a profit before the market collapses." - Washington post

http://www.washingtonpost.com/blogs/the-switch/wp/2013/12/26/dogecoins-and-litecoins-and-peercoins-oh-my-what-you-need-to-know-about-bitcoin-alternatives/

[kalus]

It would help and give you some credibility if you posted some data or rationale for your opinion.  Your comment is no better than all the insane DOGE to the moon it's supporters are all spouting.

"Presumably some of these buyers are people who are willing to drop a few dozen dollars to participate in a fun Internet joke. And others may be speculators hoping that they'll be able to unload their Dogecoins at a profit before the market collapses." - Washington post

http://www.washingtonpost.com/blogs/the-switch/wp/2013/12/26/dogecoins-and-litecoins-and-peercoins-oh-my-what-you-need-to-know-about-bitcoin-alternatives/

jokes make money.

http://en.wikipedia.org/wiki/Pet_Rock

[meanig]

Doge won't die but the excitement will eventually falter.

[dmidos]

So many btc were invested in doge, it can't just die. I think about bying some before doge is far from the moon.

its already far from moon- sadly in the wrong way!

I've seen some doge pumps, rate holdings. dumps, I think we are between last rate holding and next pump. Will see...

[matt608]

I haven't a clue what will happen with Doge (I don't own any).  

The good
The number of subscribers to reddit.com/r/dogegoin is very impressive (over 18k right at this time).  I've always used that as a metric for measuring 'real' bitcoin growth, so I take that number quite seriously.  

It is also intriguing to watch what happens when you put viral marketing memes with crypto, that's a nifty mix, and who knows, there could be another round of virality to come.  Bigger media outlets could report about the doge madness, seeing as it's a pretty wacky story, I could imagine wired, io9, techcrunch, boing boing etc writing about it if they haven't already, and maybe more mainstream outlets (I saw tech crunch already wrote about the doge wallet hacking).  Also on the plus it has brought in a lot of new people into crypto.

The bad
I do find it an annoying meme though, in that to me it's not funny at all, although I find it amusing how a meme-coin can take the piss out of money, the actual 'doge' meme is stupid and doesn't exactly help anyone use proper communicative English.  Stupid memes like this lowers the quality of the internet, plus I mean, "doge" should be spelt "doggy".  And there's no innovation on bitcoin at all.

All in all I don't particularly like it due to the stupidity of the meme, but it is weird and wonderful in it's own sort of way.  I've been considering buying a few today but it would be a total gamble so I've decided not to (for now).

[tk808]

Doge won't die but the excitement will eventually falter.

It has begun already

[dupee419]

with a current value of 72 satoshis against btc on cryptsy and having been added to the ltc market recently, I wouldn't expect much. it's worth less than DVC against ltc and has been dropping slowly all day.


Prediction: DOGE will fall off the BTC market and eventually end up in the XPM market with the rest of the dying coins. Give it til july, if it takes that long.

Don't get me wrong, I mined some for the hell of it when it first started but dumped it all a while back for 3250 satoshi's each.

[milkmanHH]

http://i2.kym-cdn.com/photos/images/newsfeed/000/300/586/982.gif

[hastalavista]

your name is nostradamus or why can you predict future...