As Predicted, Doge Crash is Here

[tk808]

As i and many others have perdicted, Doge is crash is happening this very moment.

[kdrop]

As i and many others have perdicted, Doge is crash is happening this very moment.




https://i.imgur.com/QlezlnK.png


https://i.imgur.com/ukp9SvK.jpg



https://i.imgur.com/MQnClOS.png

All the charts look the exact same, doge doesn't look different.

[FalconCrypto]

ALERT! Buying opportunities coming up!

If you missed out on Doge, here's your chance!

Blocks halving coming up, also increased media attention with the Olympics.

[zero9119]

much wow
such prediction

it will rise back once reward halves

[kaypacha]

Good, I missed the first doge train, now the second is coming (but not sure if it will start ).

[galbros]

The announcement that the block reward will not end and so the 100 billion cap was not correct appears to be what is causing this.

[hvezdasmrti]

Setting a rebuy order. At 30 satoshi.  

[XCASH]

The announcement that the block reward will not end and so the 100 billion cap was not correct appears to be what is causing this.

I know everyone is panic selling now, but what do you think this will do to DOGE prices in the long run?

[tiaguitah]

Can't go to the moon if there's unlimited coin supply.

inflation brings the price low..

I knew doge was full of greed.

[kaypacha]

I know everyone is panic selling now, but what do you think this will do to DOGE prices in the long run?

imho the doge community is great, it will not die with this crash. If with long term you mean years, it's quite a risky investment. I don't see a long term future for doge.

[dailyarsenal]

[XCASH]

I know everyone is panic selling now, but what do you think this will do to DOGE prices in the long run?

imho the doge community is great, it will not die with this crash. If with long term you mean years, it's quite a risky investment. I don't see a long term future for doge.

The two posts below from the github discussion on this made things a bit clearer for me.


rotaercz commented 7 hours ago

The announcement could have been a bit more clearer. People now think there's going to be trillions of Dogecoins in the next 2 years being an inflationary currency.


alan2234637 commented 7 hours ago

I agree with @rotaercz there should be a clearer announcement for this so people don't get confused. In fact, our 'inflation rate' will be less than Bitcoin till 2017 and less than Litecoin till 2020.

Another post by miikao says

not to mention that getting the theoretical supply to 1 trillion would take a whopping 199 years


You can read the original at this link (just search for trillion).

https://github.com/dogecoin/dogecoin/issues/23

[Lauda]

It's still at almost a 50M $ marketcap and you're complaining?
The trading volume today is very low, almost everything is kind of silent and going into -%.

[Eex77]

And? Does this really come as a surprise to anyone? The coin tripled in value of course it couldn't sustain itself at that price for long.

[Willisius]

DOGE hasn't crashed. Such is the vicissitude of cryptocurrencies.

[VforVictory]

much wow
such prediction

it will rise back once reward halves

And it will fall back when the difficulty doubles.

[WompRat]

The developers didn't change anything today,  just confirmed that nothing would change, so it is odd if this was a catalyst for a sell off. Personally I think inflation is important,  but then I'm an economist so what do I know.

It may surprise some of you just how fast dogecoin is growing.  Bitcoin addresses are being added faster than ever, but usually dogecoin is ahead, both as a percentage and in raw numbers. Dogecoin added over 6000 addresses in the last 24 hours bitcoin about 3000.  I won't mention any other coins as it is little embarrassing for them or pitiful.

[hvezdasmrti]

Doge the biggest repeating pump and dump ever   It has absolutelly everything what should a huge pump and dump coin to have.

[elixir]

ALERT! Buying opportunities coming up!

If you missed out on Doge, here's your chance!

Blocks halving coming up, also increased media attention with the Olympics.

when is block halving. i know its in feb.

[elixir]

its not crashing hard enough  i low could it go i want to buy more.