Bitcoin looks just like a different Scale DogeCoin, that slowly dies.

[KingScorpio]

if you compare Bitcoin and Doge Coin chart, then ignore the scales time and price Dimensions

you get basically same hype coin chart structure,

first a high hype price then a slowly jumping down similar like a flat stone trown on water.

from that it is  visible that bitcoin is going to die like dogiecoin

[DooMAD]

from that it is obviously visible that bitcoin is going to die like dogiecoin

At this stage I can't tell if you're trolling or not.  It's unsurprising that the price of some altcoins might vaguely track with Bitcoin on occasion, but nothing you've presented indicates that Bitcoin is going to "die".  The more likely scenario is that when BTC goes up in price, DOGE will likely follow upwards with it.  Make the most of the volatility if you can.

[KingScorpio]

You're dense aren't you? You're literally saying "kick out a lot of data and you can force the charts of up and down to align" They aren't even similar coins.

they are very similar, just because bitcoins hype had a bigger impact it doesnt mean that bitcoin isnt underlying same market rules like dogiecoin,

bitcoin reacher higher price and stays somehow longer, but aside from have different scales bitcoins market influence is diminishing same like for dogiecoin did.

[Sonajin_Coin]

I do see what the OP says, the fact that the charts are quite similar looking but valuation is completely different story.  We should also remember that traditional altcoins typically follow the rise and drop of Bitcoin as well so that is one possible explanation.  I think it is also important to remember there was a time when people exchanged Dogecoin for Bitcoin and vice versa.  It just so happens that Bitcoin was the first and more widely adopted.  I do think Dogecoin does have a long-term future and will be resilient because of the great community of people who continue to use it and not so-much investors.  I think that is the main difference between the two coins.  Do I think Dogecoin will ever catch Bitcoin though?  Definitely not, but I wouldn't count out Dogecoin as long as the devteam continues to support and market it better.

[KingScorpio]

from that it is obviously visible that bitcoin is going to die like dogiecoin

At this stage I can't tell if you're trolling or not.  It's unsurprising that the price of some altcoins might vaguely track with Bitcoin on occasion, but nothing you've presented indicates that Bitcoin is going to "die".  The more likely scenario is that when BTC goes up in price, DOGE will likely follow upwards with it.  Make the most of the volatility if you can.

It's well known almost all altcoin prices track whatever direction Bitcoin is moving, that's just the historical trend.

Op if you believe your own lies go ahead and short the coin.

thats useless because i dont know what the gambling banksters are doing, the us dollar might be basically meaningless in the future.

what i am talking about is the markets support and popularity of bitcoin and it is dminishing with same rules like dogiecoin, just with different scales

you basically multiply dogiecoin with a linear faktor and you get bitcoin.

you will all have to fight and defend your bitcoin against a bigger and bigger market with more and more coins comming out sekking attention.

[KingScorpio]

from that it is obviously visible that bitcoin is going to die like dogiecoin

At this stage I can't tell if you're trolling or not.  It's unsurprising that the price of some altcoins might vaguely track with Bitcoin on occasion, but nothing you've presented indicates that Bitcoin is going to "die".  The more likely scenario is that when BTC goes up in price, DOGE will likely follow upwards with it.  Make the most of the volatility if you can.

It's well known almost all altcoin prices track whatever direction Bitcoin is moving, that's just the historical trend.

Op if you believe your own lies go ahead and short the coin.

thats useless because i dont know what the gambling banksters are doing, the us dollar might be basically meaningless in the future.

what i am talking about is the markets support and popularity of bitcoin and it is dminishing with same rules like dogiecoin, just with different scales

you basically multiply dogiecoin with a linear faktor and you get bitcoin.

you will all have to fight and defend your bitcoin against a bigger and bigger market with more and more coins comming out sekking attention.

So were going to ignore two years of flat line dogecoin to make your chart work? A flow isn't enough of correlation especially when one coin stagnated for two straight years.

we dont have to fix ourself on doggiecoin actually,

any other hypecoin wil do as well, will get same outcome like doggiecoin.

in my oppinion there are some real world market forces that were influencing this development.

1. need for a more decentral financial system

2. unpopularity of perfectionistic central bankers.

3. globalism and tech were supported.

then came at beginning the initial support, that caused the high price, (you will also find that for litecoin etc.

but now the market diversifies the labour money investors attention a lot more than it was before bitcoin's birth

and because of that you have the gradual decline of the once hype coins bitcoin, litecoin doggiecoin etc.

only thing that can save you are the banksters if they get insane and gamble with the top 10 cryptocurrencies, with the trust the working population still puts into them.

but i highly doubt that. when you threat people like money earning cattle, sooner or later you will get resistance.

[lizardbtc]

Bitcoin could be overpriced and over hyped back in the Decembar. But if you are looking at the bigger picture it is certanly not something that is going to go away. Let's take this first time I hear about this Dogie coin so actually it seems it haven't had any big cummunity and awarness about it if it really died out as you say. Chart similarities have nothing to do about anything. Charts doesn't have to mean a thing in crypto space as it is mostly based on news and the way where is community headed.

[KingScorpio]

Bitcoin could be overpriced and over hyped back in the Decembar. But if you are looking at the bigger picture it is certanly not something that is going to go away. Let's take this first time I hear about this Dogie coin so actually it seems it haven't had any big cummunity and awarness about it if it really died out as you say. Chart similarities have nothing to do about anything. Charts doesn't have to mean a thing in crypto space as it is mostly based on news and the way where is community headed.

reality is painful sometimes

[r1s2g3]

if you compare Bitcoin and Dogie Coin chart, then ignore the scales time and price Dimensions

you get basically same hype coin chart structure,

first a high hype price then a slowly jumping down similar like a flat stone trown on water.

from that it is  visible that bitcoin is going to die like dogiecoin

At least put the name of coin correctly it is Dogecoin, it is not dogie or doggiecoin.
Believe  me,  it is better than all the shit coin . I do not know but  I am always impressed by  this coin.

Below are my views 3 months ago and I still believe in them.

https://steemit.com/bitcoin/@r1s2g3/is-doge-coin-is-not-a-good-alt-coin-to-invest

[hase0278]

from that it is  visible that bitcoin is going to die like dogiecoin

It is a ridiculous idea trying to compare the two coin with just charts alone. Doge and bitcoin are two different coins with different use cases, and the status of both coins greatly differs from each other(bitcoin is legalized and is accepted in many countries, whereas doge is still not bound to laws of regulation). Also, I wouldn't judge doge yet, I would only consider it dead when it has no value at all. Unlike other shitcoins out there, IMO doge is better because it has real world use cases.

[Meysa_richa]

Despite the graphic resemblance, but the belief that bitcoin will not die like DogieCoin, bitcoin still has a lot of support from big investors because of the public's trust in bitcoin.

[khufuking]

This is a trolling thread right ! Because if it is not then Hmm .. no description will suite you  . Get some charts that might look similar and clam that they will follow without take in count any other factor is fool act . You did not even put in mind you are comparing a useless coin to a coin that is the backbone of the whole crypto world whether you like it or not .

[Qartersa]

Seriously, you are comparing apples and oranges here.

Dogecoins are shit coins which are initially made as a parody coin. Even the creator himself acknowledges this and when the prices went as high as 100 sat per unit, the creator even was dismayed that the world pumped it that far. It's illogical to reach that price level especially when the coin has not even seen any sort of development for over two years already.

Which is totally different from Bitcoins which like the previous comments said that is even the backbone of the cryptocurrency economy.

Jackson Palmer, creator of Dogecoin, said,

"I have a lot of faith in the Dogecoin Core development team to keep the software stable and secure, but I think it says a lot about the state of the cryptocurrency space in general that a currency with a dog on it which hasn't released a software update in over 2 years has a $1B+ market cap."

ref: https://www.coindesk.com/dogecoin-market-cap-hits-1-billion-creators-dismay/

[bbc.reporter]

This is a trolling thread right ! Because if it is not then Hmm .. no description will suite you  . Get some charts that might look similar and clam that they will follow without take in count any other factor is fool act . You did not even put in mind you are comparing a useless coin to a coin that is the backbone of the whole crypto world whether you like it or not .

Yes this is a troll thread. But taking something from @KingScorpio's analysis, we must ask are 95% of the coins in the cryptospace dead?

I reckon that trolling bastard did not think of that hehehe.

[KingScorpio]

from that it is  visible that bitcoin is going to die like dogiecoin

It is a ridiculous idea trying to compare the two coin with just charts alone. Doge and bitcoin are two different coins with different use cases, and the status of both coins greatly differs from each other(bitcoin is legalized and is accepted in many countries, whereas doge is still not bound to laws of regulation). Also, I wouldn't judge doge yet, I would only consider it dead when it has no value at all. Unlike other shitcoins out there, IMO doge is better because it has real world use cases.

they are both just out of thin air propaganda advertising coins, nothing else special about them

[Xester]

if you compare Bitcoin and Dogie Coin chart, then ignore the scales time and price Dimensions

you get basically same hype coin chart structure,

first a high hype price then a slowly jumping down similar like a flat stone trown on water.

from that it is  visible that bitcoin is going to die like dogiecoin

The hype coin chart structure of bitcoin and dogecoin is somehow similar but we must not set aside the scales, dimensions the price and the volume of transactions. You can even look other charts and you will also see that kind of pattern and it is not sufficient to tell that a certain coin will no longer increase in value because one coin with a similar chart pattern have stopped to increase in value.

[KingScorpio]

centralised cryptocurrencies behave differently, more stable and longterm sustainable if they are based in an environment that is considered stable and secure.

bitcoin is like the other hypecoins but its running on a different scale than those, the time and the prize are longer or higher for bitcoin but shape is similar.

in my oppinion the reasons are:

1. interest group that pushes for market attention loses power and has to compete with others

2. tech ages.

3. altcoin take attention away systematically.


this is what i think even if many dont like it, and i got a lot of hostility for my assumption that bitcoin is just a hype coin that has a different scale.

and one last part i tell you,

take z-cash and dash

who the hell will have an interest in the future to push attention for those coins in the market? especially after the premine has been sold by the developers they will already work on another coin and try to overshadow the old market attention with that one.

centralised cryptocurrencies/currencies are dominant in human history for a reason.

regards

[pooya87]

of course if you limit your perspective everything can look the same. you look at the dropping side where bitcoin drops and all the altcoins follow it and think they are similar. the difference is that at the end of the day bitcoin's final price will be rising while other altcoins continue dropping and dying.
not to mention that altcoins such as Doge don't have any usages while bitcoin is accepted by millions of merchants

you are like one of those birds that put their head in the snow and think the "danger" has passed just because they don't see it

[MxRizky22]

we don't know what happends in the future. in the world of crypto the impossible can be possible. maybe in the future bitcoin will going down and Dogecoin will raised up.

[WootenMayo]

Doge and bitcoin are two different coins with different use cases, and the status of both coins greatly differs from each other(bitcoin is legalized and is accepted in many countries, whereas doge is still not bound to laws of regulation). Also, I wouldn't judge doge yet, I would only consider it dead when it has no value at all