Are Dogecoins a good value?

[Ricardo707]

Hey guys, I'm new in the forum! I started mining with my personal nvidia gtx graphics card, but I had planned to buy an AMD for mining Litecoins... do you think Dogecoins will rise and will be better profitable?

[hilariousandco]

Hey guys, I'm new in the forum! I started mining with my personal nvidia gtx graphics card, but I had planned to buy an AMD for mining Litecoins... do you think Dogecoins will rise and will be better profitable?

They'll probably be more profitable to you as opposed to mining Litecoins, but Dogecoins are not a good investment for the future. Maybe you could trade the Doges for something else though.

[hashfun]

Hey guys, I'm new in the forum! I started mining with my personal nvidia gtx graphics card, but I had planned to buy an AMD for mining Litecoins... do you think Dogecoins will rise and will be better profitable?

Yes , Dogecoins was good last month, this month LOTocoin is more profitable,
but its depend on Exchange rate,

for mining Doge & Lot both are good,

[b!z]

Much value, such legitimate cryptocurrency.

[tompa555]

This moment 1 doge worth 41 satoshi. If you can mine it a lot you can trade them for BitCoins or some other alt coins but you need to have doges in great amounts. who know will they go up. maybe they will maybe they don't

[hashfun]

This moment 1 doge worth 41 satoshi. If you can mine it a lot you can trade them for BitCoins or some other alt coins but you need to have doges in great amounts. who know will they go up. maybe they will maybe they don't

New Coin always grow for time being

[scottii]

might as well make a donation to the devs for being sued.

[DannyHamilton]

- snip -
do you think Dogecoins
- snip -

No.

[techgeek]

Not a chance. I`d rather save my money towards btc or litecoin.

[Killua]

Yes the Doge is strong. Today was a good day for the Doge. By this I mean mining wise. I would suggest mining Doge and then trading the Doge in for LTC.

[AnonyFox]

From what I've heard Doge is really going to the moon. Or at least getting close (Apollo 13 shibes lurking)

But today was a brilliant day for DOGE, the trade volume was more then the DOGE total volume or something (and higher then bitcoin's trade volume aswell)

Also doge has a great community backing it, and It won't die like a lot of the other Altcoins do. (Just check out /r/dogecoin)

[eclipso]

Well I don't know about "value" but they are worth some actual money.  So far I have sold duplicate Humble Bundle games for Doge, and have purchased Guild Wars 2 gold, and a fossil for Doge.  I was mining Doge directly, but found that I could get significantly more Doge by mining COYE and converting to Doge via 0daycoin exchange.  Note, this was before the COYE devs quit and closed the exchange.

[hyphymikey]

I suggest mining in a scrypt multipool, where it automatically mines the most profitable coin at that time. Then trade that for LTC or BTC, since these are somewhat "too big to fail" compared to other coin.

[quone17]

I suggest mining in a scrypt multipool, where it automatically mines the most profitable coin at that time. Then trade that for LTC or BTC, since these are somewhat "too big to fail" compared to other coin.

I also think this is safer than holding an alt coin. There are so many ale coins I think it's a real longshot to pick the winner altcoin.

[Matt Y]

Seems likely to be a fad. Can anyone explain the added utility?

[bitballs]

I'd say for pennies, dimes, or nickels, stock up. For some reason Kanye is suing Dogecoin along with Amazon and Coinye so there must be some hype there. Bitcoin was once only worth some laundry money at one point. That's my 2 Dogecoins. 

[ascalon]

You could make money from it if you're good at trading. Fundamentally, there's nothing particularly wrong with Dogecoin, but because it's not really going anywhere.

[Light]

Seems likely to be a fad. Can anyone explain the added utility?

There is no added utility, it simply is just another altcoin with using the fact that it's a fad to push its value up temporarily. I'm 100% sure it'll die off sometime in the year so I would personally not hold onto them too long; much rather sell them off at a reasonable price.

[guybrushthreepwood]

I suggest mining in a scrypt multipool, where it automatically mines the most profitable coin at that time. Then trade that for LTC or BTC, since these are somewhat "too big to fail" compared to other coin.

I'm not that familiar with mining, but how does this work? How do you automatically get paid if you don't have the wallet of the new coins you're mining?

Seems likely to be a fad. Can anyone explain the added utility?

There is no added utility, it simply is just another altcoin with using the fact that it's a fad to push its value up temporarily. I'm 100% sure it'll die off sometime in the year so I would personally not hold onto them too long; much rather sell them off at a reasonable price.

This. It's just another gimmick coin whose popularity comes leeched from a meme. Will people really still be mining this in a years' time? Doubtable.