Dogecoin: should i buy more??

[ndnh]

After looking up reddit, bitcointalk and other sites, i got the following facts:

Halving will happen around 12th Feb

0.00000159 BTC/DOGE
Last trade price on bter.com

1200.415   ( 80 to 115 GH/sec)
Current difficulty

85409
Blocks in chain

And 42.5 Billion coins mined already... ie. 42.5% is mined now

And a cool community @ reddit...

And a 325% increase in price in the last 30 days...
(change: +338.04% | high: 0.00000242 | low: 0.00000025) Cryptsy, yottabyte.nu

And more websites accepting dogecoin (eg. doge-dice, bit777, etc. look up reddit or original bitcointalk post)

And i just changed my signature

Shouldn't I buy dogecoin with all my bitcoins??
I am currently 50% invested in dogecoins

[ChekaZ]

4 addresses holding 27% of the current DOGE.

And a cool community @ reddit...

If you think a community out of 14 year old people is cool, then u're probably right.

[Zombie123]

If I knew that answer wouldn't I buy 10BTC  worth of DOGECOIN. No one can predict future! Use your own judgement.

[ndnh]

4 addresses holding 27% of the current DOGE.

And a cool community @ reddit...

If you think a community out of 14 year old people is cool, then u're probably right.

Well the community is cool and optimistic. They got a lot of people to accept dogecoins and raised funds for various things

[ndnh]

If I knew that answer wouldn't I buy 10BTC  worth of DOGECOIN. No one can predict future! Use your own judgement.

My judgement is to buy them and i am willing to take the risk. But i think i should wait till the last 2 days before halving and see how the market reacts before buying into it

[frank754]

So after halving, if the price doesn't go up significantly, we will only be able to mine half as much with the same GPU power? This could definitely affect a lot of miners willing to mine DOGE.

[achillez]

no - 6.5% (12B) mined in the first 3 days.

[r0ach]

If you think a community out of 14 year old people is cool, then u're probably right.

14 x 7 = 98

           much cool

      very shibe

[MysticDOGE]

LEAF had a blockhalving, and so did the price

No guarantee for rising price after blockhalving.

[WompRat]

I am probably about 80/20 doge to bitcoin due to the recent rise.  I keep meaning to correct this to 50/50, but I just can't quite do it.  February should be a good month for doge, especially if it gets a few mentions in the Olympics coverage.  Currently demand is easily eating up the huge supply and I don't see demand diving anytime soon.  Keep an eye on the daily changes in addresses.

That said,  the bitcoin charts are equally impressive.  Check this chart out:

https://blockchain.info/charts/my-wallet-n-users

You wouldn't think it from the price, but bitcoin is on an absolute charge in terms of the number of new wallets being created.  I am not sure why considering this is all after the negative news from China and fall from its peak, but something very interesting is happening.

[ndnh]

And a cool community @ reddit...

If you think a community out of 14 year old people is cool, then u're probably right.

Well the community is cool and optimistic. They got a lot of people to accept dogecoins and raised funds for various things

 Whats wrong with a "community out of 14 y old people"? Nothing!  I'm 40+ and I like that doge community?

Yeah, i am 40- and i too like the community

[knightcoin]

Buy in 2014 doge will bark a lot ... such noise

[elixir]

[knightcoin]

easy bark ..

http://www.youtube.com/watch?v=NavVfpp-1L4

[ltcifc]

Do not buy. Sooner or later it will go down, cos its joke coin. You can mine it, but do not buy. Buy solid coins like Infinitecoin.

[leoragraves666]

It was a long time since some alt coin received this much attention

[ilic]

so if the blocks halve it makes mining harder...so many miners will switch to a different coin right?  So, less demand/interest for DOGE?  Price drops?

[Starlightbreaker]

wait until it's less than 80 satoshi each                                                                                                                                                                                                         

[dadon]

don't buy!!!! buy into something that is a store of wealth, there is enough currency coins, you want commodity coins, bitgem, diamond cryptogenic bullion, bitbar protoshare etc coins that are made to store wealth rather then be a currency, there are a thousand of these already, you wanna make money or you wanna make MONEY!!! bitgem, diamond, crytogenic bullion, bit bar is a bit high now so is protoshare , but these  first 3 are ripe for the picking and all 3 can easily reach 1k per coin, i am holding all 3 of these as well as many others, but these 3 have very competent dev's the community is smaller then some but strong, and a lot of great thinkers getting involved, lots of projects in the works, all are pow+pos coins, rare, and fast, but still secure, these are not cryptocurrencys in my eyes, they are cryptocommodity's  seriously you will kick yourself if you miss out on these, but do what u want woof woof or whatever you all say

[galbros]

dadon has a point.  Now that we know there will be infinite doge there is little reason to buy them other than to use them for something.  So if you are looking to do something with your doge, then by all means buy away, but just to hold I would not be as optimistic.

The block reward halving should help with the dollars per day needed to sustain the price of doge but bitcoin seems a better "reserve" currency now given that it's amount is fixed, e.g. it makes sense to hold bitcoin and not use it, while doge is the opposite.

So I think your plan of waiting a couple of days is a good one, but I'd lean against exchanging BTC for DOGE, as someone said, no reason why you can't mine it though.