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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)
Bitcoin_Makers
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June 16, 2018, 09:16:03 PM
 #21

1) Dogecoin is absolutely useless in terms of technology, so there is no demand for it now. 2) It does not develop at all, therefore people are not interested in them anymore.
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June 17, 2018, 08:41:33 AM
 #22

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.

Honestly, I don't think that this coin is easy to pump with small investment at all. But Dogecoin is interesting because its value is mostly determined by its real world utility if such a term is ever applicable to a cryptocurrency. Perhaps, it is the only coin in wide circulation that has such a unique feature. So even if it may in fact be an abandoned coin (abandoned by developers, obviously), it may still have pretty solid user base and application. It has a very convenient price in satoshi, just a few dozens, so it is easy to memorize and deal with. You always know where you are standing, kind of intuitive, and it doesn't require a lot of mental effort and calculation to understand the value of one doge in respect to Bitcoin.
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June 17, 2018, 06:44:18 PM
 #23

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?
In real life I believe on this principle and I guess so there is also life in cryptocurrencies after death as long as there is a market cap and it's being used and traded in most of the exchanges.


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N-gen
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June 17, 2018, 06:59:19 PM
 #24

Doge coins are unlikely to die, doge coins are coins with a very large community, and are potentially ever-increasing, we can see from year to year, Doge prices continue to increase considerably
cris17
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June 17, 2018, 07:02:16 PM
 #25

Dogecoin is really hard to analyze. Last year it was definitely a pump of the coin and I don't know will we see the same high price again. I prefer not to invest in such strange coins.
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June 17, 2018, 07:05:47 PM
 #26

I'm sure doge will always live and always grow every year. honestly I am one of the people who like and I believe the doge developers will always be active to update the doge.

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trade2winnn
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June 17, 2018, 07:08:53 PM
 #27

Well initially the project had no chances, purely speculative coin, plus now with such market, the people leaves such projects which initially had no vigilant, and so purely for the sake of a trick participated in it because in the near future all projects which have no future will leave in the past!
tee-rex (OP)
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June 17, 2018, 08:10:24 PM
 #28

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?
In real life I believe on this principle and I guess so there is also life in cryptocurrencies after death as long as there is a market cap and it's being used and traded in most of the exchanges.

Well, if you ever used an exchange like Yobit or any other such altcoin exchange with a shitload of coins, you could notice that there are plenty of them which have sell orders at exactly 1 satoshi. That means no one is willing to buy them for bitcoins. It looks like they are definitely dead, as dead as a doornail, but quite a few of them are in fact "undead". Even though they are no longer traded against Bitcoin, they may still be actively traded against each other and other such coins which are as undead. So there is without doubt life after death in the cryptoverse at some exchanges for some coins.

Though I don't think that Dogecoin belongs to this category.
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June 18, 2018, 12:39:49 AM
 #29

Doge community is very big, so i believe Doge will live. In the past days i have read that in some articles Doge has a volunteer developer and even Doge system is much more advanced than many altcoins.
tee-rex (OP)
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June 18, 2018, 12:27:13 PM
 #30

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

Why do you think that the project has failed? For me, if the coin can live on its own, exclusively in the network alone, without any developers or supporters backing it up and promoting it, it proves quite the contrary. It actually proves that it is alive and doesn't need any "backup" in the form of a dedicated team of developers. If people use it, it pretty much means that they find it quite useful in achieving their ends. Yes, it is rather a niche coin but if it were nothing more than just a joke, it would have died long ago, right?
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June 18, 2018, 05:56:12 PM
 #31

I don't see this goin goings anywhere, but it has the cheapest transaction fee, so sometimes I'm using Dogecoin for small transactions.
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June 19, 2018, 01:49:34 AM
 #32

Well, if you ever used an exchange like Yobit or any other such altcoin exchange with a shitload of coins, you could notice that there are plenty of them which have sell orders at exactly 1 satoshi. That means no one is willing to buy them for bitcoins. It looks like they are definitely dead, as dead as a doornail, but quite a few of them are in fact "undead". Even though they are no longer traded against Bitcoin, they may still be actively traded against each other and other such coins which are as undead. So there is without doubt life after death in the cryptoverse at some exchanges for some coins.

Though I don't think that Dogecoin belongs to this category.
I took a peek on yobit and most of the sell orders are of market value of 44 sats to 94 sats.

Those 1 sats are not sell orders but buy orders. No one will ever sell his dogecoins with that cheaper price under the market value.

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June 19, 2018, 02:05:00 AM
 #33

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.
Though theres no development from this coin and no update from the management well i can say its Dead for niw,but i dont believe that it will be forever because this is a good coin and has a good potential in a future,i dont know whats happening from the inside but the affect from the outside is quite alarming im still hoping that sooner dev will do action towards this once a good coin for investing
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June 19, 2018, 02:12:00 AM
 #34

other than being a pump and dump scheme it is bound to be dead in the long-run in its entire existence there is no reputable company accepting it as a mode of payment, not even porn sites bother to accept it.
BlackMoon258
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June 19, 2018, 02:14:53 AM
 #35

As it stands today, dogecoin likely won't see a technological death.

The current core devs are adamant about keeping the network running for the community – as long as there are people that want to learn about cryptocurrency via experimentation
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June 19, 2018, 02:28:58 AM
 #36

Doge coins are unlikely to die, doge coins are coins with a very large community, and are potentially ever-increasing, we can see from year to year, Doge prices continue to increase considerably

This is the reason I will be staying with dogecoin. It may be seen as a joke, but the long term price still offers lots of potential and for that reason it will not die.
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June 19, 2018, 06:32:58 AM
 #37

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.
It is considered as dead because there are no more development that is going on in this shitcoin. The only reason why this coin is still exist is because of those bag holders that hype this coin in order for them to exit for good. And this scenario will continue until no one will ever use or trade it.
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June 19, 2018, 07:35:36 AM
 #38

I don’t think the dog’s coin is dead, but it may not be bought by people for a while. It may take a long time and it may only increase next year. I’m not optimistic about it.

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June 19, 2018, 07:55:19 AM
 #39

I think the Doge coins are left to die slowly, at the beginning of his arrival, the doge is so enthusiastic and so confident, the doge keeps retreating, and loses his enthusiasm, the doge becomes dying of coins and ready to die.
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June 19, 2018, 12:32:22 PM
 #40

Dogecoin was created as a joke and I have no idea why this coin is in top 50 according to coinmarketcap
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