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Question: The current life status of Dogecoin
It is essentially left for dead - 1 (8.3%)
It is undead and can't possibly "die" - 10 (83.3%)
It is just another shitcoin - 1 (8.3%)
Total Voters: 12

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Author Topic: Dogecoin is dead. Or is it actually undead?  (Read 326 times)
tee-rex (OP)
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June 16, 2018, 08:17:49 AM
 #1

Recently, I saw a thread around here (it got trashed already) which was a copy-paste of an article about the early history of Dogecoin and it being mostly a joke. I don't really know if it turned into anything other than (just) a joke since then, but to be honest, doges earned me hefty profits back in the day, specifically when Bter was at its prime (it's gone now), if anyone remembers. It was likely the best coin for arbitrage a few years ago. But those times seem to be long gone by now too (though I can be wrong on this, of course). Today, its active development is halted as the last official release of the Dogecoin wallet was more than two years ago (it had been released in November, 2015). There are signs (or rather sighs) of life at Github but I'm highly dubious if they will bear any real fruit. So I basically have two questions.

The first question is simple and pretty straightforward. In short, is Dogecoin dead in terms of active development and support as in left for dead? And the second one is more intricate and complex. Does Dogecoin (or any other coin, for that matter) have to be actively developed and have a strong, solid team behind it to stay alive and be in circulation? Really, if there are no critical bugs, there may be just nothing to add apart from what has already been added.
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June 16, 2018, 08:24:08 AM
 #2

Recently, I saw a thread around here (it got trashed already) which was a copy-paste of an article about the early history of Dogecoin and it being mostly a joke. I don't really know if it turned into anything other than (just) a joke since then, but to be honest, Doges earned me hefty profits back in the day, specifically when Bter was at its prime (it's gone now), if anyone remembers. It was likely the best coin for arbitrage a few years ago. But those times seem to be long gone now too (though I can be wrong on this, of course). Today, its active development halted as the last official release of the Dogecoin wallet was more than two years ago (it had been released in November, 2015). There are signs (or rather sighs) of life at Github but I'm highly dubious if they will bear any real fruit. So I basically have two questions.

The first question is simple and pretty straightforward. In short, is Dogecoin dead in terms of active development and support as in left for dead? And the second one is more intricate and complex. Does Dogecoin (or any other coin, for that matter) have to be actively developed and have a strong, solid team behind it to stay alive and be in circulation? Really, if there are no critical bugs, there may be just nothing to add apart from what has already been added.
It was still a pump then and who managed to get a good profit. Now he just will not let him get out of his knees, many competitors who compete with each other, and the demand for it is almost zero. So I think it's worth to forget about this coin.

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June 16, 2018, 08:26:42 AM
 #3

is Dogecoin dead in terms of active development and support as in left for dead?
Yes, there's no development to dogecoin but it's good as a way of paying to others when you want faster and cheaper transaction.

Does Dogecoin (or any other coin, for that matter) have to be actively developed and have a strong, solid team behind it to stay alive and be in circulation?
It has been abandoned so I doubt it that there will be developers who are willing to make it stay alive.

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June 16, 2018, 08:41:19 AM
 #4

is Dogecoin dead in terms of active development and support as in left for dead?
Yes, there's no development to dogecoin but it's good as a way of paying to others when you want faster and cheaper transaction.

Does Dogecoin (or any other coin, for that matter) have to be actively developed and have a strong, solid team behind it to stay alive and be in circulation?
It has been abandoned so I doubt it that there will be developers who are willing to make it stay alive.

But this is the whole point. After all, it all comes down to acceptance and application in the end, not development. For example, there's gold which kind of hasn't been "developed" for a few billion years in this part of the Universe, but does it take anything from its value? In fact, that only makes it more valuable as (millions of) years pass by. In case of this altcoin specifically, doges are still actively used in various online casinos as they are dirty cheap and dirty fast (if I can say so). Just the fact that Dogecoin is a very fast coin proves that it is still actively circulated since otherwise you would have to wait for hours till someone confirms your transaction, which is obviously not the case.

So, is there life after death?
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June 16, 2018, 09:04:28 AM
 #5

I don't think Dogecoin will die. But it may take a long time. For example, ten years later, ten years later, Dogecoin may rise again! I think Dogecoin is a 10-year investment product.

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June 16, 2018, 09:05:29 AM
 #6

It's still pretty alive
Dogecoin is still used as a tipping coin.
They are a good option for transferring coins between exchanges in a low fee.  
As well I use them for betting on sportsbook, it's much easier to do maths with whole numbers.



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June 16, 2018, 09:09:01 AM
 #7

is Dogecoin dead in terms of active development and support as in left for dead?
Yes, there's no development to dogecoin but it's good as a way of paying to others when you want faster and cheaper transaction.

Does Dogecoin (or any other coin, for that matter) have to be actively developed and have a strong, solid team behind it to stay alive and be in circulation?
It has been abandoned so I doubt it that there will be developers who are willing to make it stay alive.

Indeed it is true. The founder himself said once that it was a complete joke to create this coin and they no longer developing it. But what volume you see today is all because of its use made by many people as part of transaction or for the group activity of the pump and dump. This gets them lot of profit. as it is very cheap coin and at the same time it is also easy pump with small investment. This is why you see those pumps in between which are completely artificial one and thus means nothing at all.

 
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June 16, 2018, 09:11:15 AM
 #8

Forget it, this is my idea. There should be 300,000 in my hands. I think it can be taken as a junk or look forward to China's next year of the dog. This may be more gimmick! Grin
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June 16, 2018, 09:17:09 AM
 #9

I think Dogecoin will not die in a short time. Although its price has been falling, there is a big reason for the market shock! All currencies are falling!
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June 16, 2018, 09:49:17 AM
 #10

Forget it, this is my idea. There should be 300,000 in my hands. I think it can be taken as a junk or look forward to China's next year of the dog. This may be more gimmick! Grin
Lol china's new year of dog doesn't give any contribution to the value of dogecoin. there is a lot of scalable coin outta here and I think that the doge coin is absolutely died.
A lot of my friends are using it to get the cheap fees but they have been getting trapped by the volatility of the dogecoin itself.

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June 16, 2018, 09:54:14 AM
 #11

I still remember certain youtubers who were active supporters of this coin and who used to shill it to high heavens last year which goes to show that it still has a loyal fanbase who are willing to stand by it no matter what(Not sure about the size though). I personally did not invest in this coin which I felt was a mistake long ago since there were chances to earn decent profit through it, but the whole joke part got to me which is why I decided not to take the risk. Kudos to you op for earning hefty profits from this coin which is regarded as the meme coin of the cryptocurrency world.

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waorana
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June 16, 2018, 02:12:18 PM
 #12

I do not think that Dogecoin is dead, has a very strong community and has a good appreciation as a quality cryptocurrency. There are no more updates because probably its main base development has been completed, but this does not mean that in the future there will be no further general improvements of the project
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June 16, 2018, 02:16:04 PM
 #13

Doge coin is one of the great coins for long-term investment, I still remember the early 2017 Doge coins price was only 2 satoshi, but this year, doge coins reached 100 satoshi, and could be next year, the price will reach 1000 satoshi
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June 16, 2018, 02:26:12 PM
 #14

Recently, I saw a thread around here (it got trashed already) which was a copy-paste of an article about the early history of Dogecoin and it being mostly a joke.
.. In short, is Dogecoin dead in terms of active development and support as in left for dead? Does Dogecoin (or any other coin, for that matter) have to be actively developed and have a strong, solid team behind it to stay alive and be in circulation? Really, if there are no critical bugs, there may be just nothing to add apart from what has already been added.
If we look at the social section on coinmarketcap about dogecoin, we can see that most of the posts are not indicating any development. I suppose we could say that dogecoin is left to die by its developers. However, this doesn't mean it will. Even though there's no serious development, the community of this project is very strong to live without it. They even have some sort of their own english dialect for communication! Moreover, a lot of the use of cryptocurrencies comes from gambling. People got used to gambling with doge and there seems to be no reason to stop it, since it is fast, cheap and safe.

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June 16, 2018, 08:53:30 PM
 #15

The dogecoin is dead because of the team members fail to develope the token. What a token need  to developed it above the rise of price in the cryptosystem. However, token development it is a great job  and the team with the developer of the token have a lot  work to do in the resiling the great result for the greater future of the token.finally, if the for mention above things is being Left out by team members and they feel the token has arrived to a greater height they being to fall. That is the problem if Dogecoin
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June 16, 2018, 09:03:16 PM
 #16

Does Dogecoin (or any other coin, for that matter) have to be actively developed and have a strong, solid team behind it to stay alive and be in circulation? Really, if there are no critical bugs, there may be just nothing to add apart from what has already been added.

It seems to me that we only need one coin, it's bitcoin, others started to have a chance because of the problems with its scaling, if it is solved with the help of the lightning network, then the need for other coins will also be lost, including the Doggy coin.

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June 16, 2018, 09:08:30 PM
 #17

I would prefer to buy another coin! It is very risky to invest in such an old coin which was completely accidental !!!...

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June 16, 2018, 09:10:15 PM
 #18

Forget it, this is my idea. There should be 300,000 in my hands. I think it can be taken as a junk or look forward to China's next year of the dog. This may be more gimmick! Grin
Lol china's new year of dog doesn't give any contribution to the value of dogecoin. there is a lot of scalable coin outta here and I think that the doge coin is absolutely died.
A lot of my friends are using it to get the cheap fees but they have been getting trapped by the volatility of the dogecoin itself.
Haha don't include or correlate it with this year's Chinese zodiac sign. There's nothing to do with it but I like Doge, who doesn't like Doge?

Doge isn't dead yet, there's market cap for it's #42 on the CMC with a market cap of $332,795,766. See a joke coin that has that big market cap? it's not yet dead and it has been preferred of most in gambling and transfers too.

Trading volume's are still there.



 

 

 

 

 

 


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June 16, 2018, 09:10:50 PM
 #19

it has stayed the distance and often has more transaction volume than bcash.

no one should care what the creator thinks of it. that's the whole point of crypto.

there's no reason why it can't be developed further and i'm kinda surprised it hasn't been picked up on. maybe there's an if it ain't broke don't fix it element. it would be interesting to see how receptive miners are to changes.
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June 16, 2018, 09:13:32 PM
 #20

I think you can forget about this token. The project has failed and it's time to move on.

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