I thought we would see a major increase after the halving. Although there was a spike, it is now steadily declining and bitcoin is down to about $534. Lesson learned...
There is surely a correlation between the Bitcoin drop and the price of Doge, if Bitcoin see's a rise so will Doge, I have been introducing Doge to people I know and the only way they can find to buy it is with Bitcoin, so maybe most user's are going through the same channel, if there was a Dogebase.com or something with marketing to get some attention then Doge could pull away from Bitcoin and its value would not be so dependent on Bitcoin's value, as long as Bitcoin is determining its future than you can bet on bitcoiners (those who hate alts) to continue to attack its price and slander the name of the coin, that go's for most alts.
As for the halving, it will work itself out, I thought it would jump but I did not expect Bitcoin to drop, and Bitcoin looks to be dropping further in the future as it continues to become more stable (until the next Asic orders are delivered), miners will drop out if its not profitable leaving it profitable for those who stay, then it halves again and we could see the process over again, except that at that point Bitcoin will be gaining higher ground and Doge will also have more merchants accepting it, if you see someone throw some VC funding into Doge then things will change altogether.
I am keeping my Doge I bought @ over .xxxxx200 and will be buying more when it hits bottom or somewhere between now and then depending on how low it actually goes, it should fall with Bitcoin if there are no new Doge developments.
My 2+ cents I guess
