Bitcoin trending down. Dogecoin trending up.

[theonewhowaskazu]

Dogecoin can go up, but only as a bottom feeder on bitcoin-related activity.

[gentlemand]

I don't know why Dogecoin makes Bitcoin fans so sad. It has a few things to teach us.

The psychology of the desire to possess whole units is being proven in front of our eyes. Yes, that's irrational. It's also human nature.

It has also become unlimited in numbers. That'll be an interesting experiment in itself.

I've no idea whether it'll be here to stay. It is more probable that it'll make more money for those who hold any in the short term at least compared to BTC.

[hailtopitt]

I'm no expert financial adviser or anything of the sort....

Why do you even bother posting financial stuff? <--retorical

I hold a stake in both bitcoin and dogecoin and it interests me.  I'm just trying offer my speculation and I knew that it wasn't going to be popular because my speculation is bitcoin is trending down.  I get the feeling from reading around here for some time that  people expect that it's going to bounce back up to the $1200 and continue on up "to the moon" as you like to say.  I just don't see it.  If Apple's stock or Google's stock or Facebook's stock isn't worth $10,000 a share I don't see any reason why bitcoin should be worth $10,000 a coin.  Wishful thinking IMO.

Bitcoin isn't a stock, and it's not a company.  Would you equate the use of e-mail to the successes of Outlook, thunderbird, and whatever other e-mail clients exist? No, because that would be retarded.  Much like your comparisons of the makret trends of bitcoin and dogecoin.  Call me if the DOHS ever has a panel hearing about what to do with Dogecoin.

My comparison of bitcoins to stock is because they're both investments.  I realize they're not the same financial instrument, but they're an investment right?  I thought that would just be obvious but some people obviously can't read between the lines.  Anyways, there was a panel hearing not because they're licking their chops like the "to the mooners" around these parts, they had a hearing because bitcoin is being used as a fiat and has a market cap of billions of dollars.  So they're trying to understand what it is, what it means, perhaps what taxes and regulations should be imposed.  I think some people tend to see this as very bullish and believe that the people behind these hearings are bullish and and are pro bitcoin.  But I don't.  It was just an information gathering session and they'll decide how they want to proceed.  See those people have something that us average Joes don't.  Power.  They have power because they have money and are in positions of authority.  And if they feel that bitcoin is a threat to banking institutions and money, they're going to squash it like a bug.  That or they'll just tax it heavily and profit from it.  Do you really think that they are going to welcome bitcoin with open arms when they already realize that it's used for money laundering, gambling, drug selling and buying amongst other things and that it would basically eliminate any bank of wire fees that people would have to pay which they already do?  The only way they're going to go for it is if it's in their best interest.  Capital gains taxes would be the only way.  And heavy regulations.  

[smoothie]

Who is paying with DOGE for goods and what merchants accept DOGE?

[stompix]

Who is paying with DOGE for goods and what merchants accept DOGE?

I think there is a bakery and a salt shop accepting doge =)))))))))

[hailtopitt]

I'm no expert financial adviser or anything of the sort....

Why do you even bother posting financial stuff? <--retorical

I hold a stake in both bitcoin and dogecoin and it interests me.  I'm just trying offer my speculation and I knew that it wasn't going to be popular because my speculation is bitcoin is trending down.  I get the feeling from reading around here for some time that  people expect that it's going to bounce back up to the $1200 and continue on up "to the moon" as you like to say.  I just don't see it.  If Apple's stock or Google's stock or Facebook's stock isn't worth $10,000 a share I don't see any reason why bitcoin should be worth $10,000 a coin.  Wishful thinking IMO.

Bitcoin will go up, just a matter of time. Not sure why you bother with Doge.

It's been my observation that when bitcoin goes down, dogecoin goes up.  It appears investors flock to dogecoin during bitcoin drops and drive the price up only to flock back to bitcoin once the drop is over.  That was the reasoning of my thread subject.  As bitcoin continutes to decline like I think it will, dogecoin will probably end up going up.  What makes dogecoin different than the other 100 something cryptos (aside from bitcoin and litecoin) is that it is extremely popular.  Just like bitcoin bulls love positive media attention, so do other crypto bulls and dogecoin has received a lot of positive media attention.  It's certainly not on the level of bitcoin yet, but I don't see why it couldn't honestly.  It might have started as a joke, but do you think a $71 million market cap is a joke now?  It seems pretty legit to me. That's why I diversified my crypto portfolio.  Just like a savvy investor would any stock portfolio.  To me it just seems like a good idea.  Hold a little of each ya know?  

[Hyena]

Only idiots want to invest in an investment that could lose them everything overnight.  Do you think Warren Buffet is going to be buying bitcoins?  He's the smartest investor in the world and he shuns them.  He realizes that bitcoin is a bubble ready to burst.  For whatever reason we have a group on this forum that believes that they are smarter than Warren Buffet.  I'm with Warren.  I trust him.  

He sure isn't the smartest investor in the world if he fails to see the potential of crypto currencies. I'd say he's just another old fuck who has gotten rich and takes the credit from the idiots who can't live without idols, authorities and geniuses to follow.

[ltcifc]

I'm no expert financial adviser or anything of the sort....

Why do you even bother posting financial stuff? <--retorical

I hold a stake in both bitcoin and dogecoin and it interests me.  I'm just trying offer my speculation and I knew that it wasn't going to be popular because my speculation is bitcoin is trending down.  I get the feeling from reading around here for some time that  people expect that it's going to bounce back up to the $1200 and continue on up "to the moon" as you like to say.  I just don't see it.  If Apple's stock or Google's stock or Facebook's stock isn't worth $10,000 a share I don't see any reason why bitcoin should be worth $10,000 a coin.  Wishful thinking IMO.

Bitcoin will go up, just a matter of time. Not sure why you bother with Doge.

It's been my observation that when bitcoin goes down, dogecoin goes up.  It appears investors flock to dogecoin during bitcoin drops and drive the price up only to flock back to bitcoin once the drop is over.  That was the reasoning of my thread subject.  As bitcoin continutes to decline like I think it will, dogecoin will probably end up going up.  What makes dogecoin different than the other 100 something cryptos (aside from bitcoin and litecoin) is that it is extremely popular.  Just like bitcoin bulls love positive media attention, so do other crypto bulls and dogecoin has received a lot of positive media attention.  It's certainly not on the level of bitcoin yet, but I don't see why it couldn't honestly.  It might have started as a joke, but do you think a $71 million market cap is a joke now?  It seems pretty legit to me. That's why I diversified my crypto portfolio.  Just like a savvy investor would any stock portfolio.  To me it just seems like a good idea.  Hold a little of each ya know?  

Doge will crack soon, but i do believe in Infinitecoin. Might add that to your portfolio. No pump and dumps, just steady grow.

[gentlemand]

I think Mr Buffet would be the first to admit he's pretty old school. I'm not going to be taking advice on this subject at least.

[stompix]

I'm no expert financial adviser or anything of the sort....

Why do you even bother posting financial stuff? <--retorical

I hold a stake in both bitcoin and dogecoin and it interests me.  I'm just trying offer my speculation and I knew that it wasn't going to be popular because my speculation is bitcoin is trending down.  I get the feeling from reading around here for some time that  people expect that it's going to bounce back up to the $1200 and continue on up "to the moon" as you like to say.  I just don't see it.  If Apple's stock or Google's stock or Facebook's stock isn't worth $10,000 a share I don't see any reason why bitcoin should be worth $10,000 a coin.  Wishful thinking IMO.

Bitcoin will go up, just a matter of time. Not sure why you bother with Doge.

It's been my observation that when bitcoin goes down, dogecoin goes up.  It appears investors flock to dogecoin during bitcoin drops and drive the price up only to flock back to bitcoin once the drop is over.  That was the reasoning of my thread subject.  As bitcoin continutes to decline like I think it will, dogecoin will probably end up going up.  What makes dogecoin different than the other 100 something cryptos (aside from bitcoin and litecoin) is that it is extremely popular.  Just like bitcoin bulls love positive media attention, so do other crypto bulls and dogecoin has received a lot of positive media attention.  It's certainly not on the level of bitcoin yet, but I don't see why it couldn't honestly.  It might have started as a joke, but do you think a $71 million market cap is a joke now?  It seems pretty legit to me. That's why I diversified my crypto portfolio.  Just like a savvy investor would any stock portfolio.  To me it just seems like a good idea.  Hold a little of each ya know?  

Doge will crack soon, but i do believe in Infinitecoin. Might add that to your portfolio. No pump and dumps, just steady grow.

Oh really , infinitecoin , and what's so special about this one?

[stompix]

I think Mr Buffet would be the first to admit he's pretty old school. I'm not going to be taking advice on this subject at least.

He already admitted that when talking about his investments.

[ltcifc]

I'm no expert financial adviser or anything of the sort....

Why do you even bother posting financial stuff? <--retorical

I hold a stake in both bitcoin and dogecoin and it interests me.  I'm just trying offer my speculation and I knew that it wasn't going to be popular because my speculation is bitcoin is trending down.  I get the feeling from reading around here for some time that  people expect that it's going to bounce back up to the $1200 and continue on up "to the moon" as you like to say.  I just don't see it.  If Apple's stock or Google's stock or Facebook's stock isn't worth $10,000 a share I don't see any reason why bitcoin should be worth $10,000 a coin.  Wishful thinking IMO.

Bitcoin will go up, just a matter of time. Not sure why you bother with Doge.

It's been my observation that when bitcoin goes down, dogecoin goes up.  It appears investors flock to dogecoin during bitcoin drops and drive the price up only to flock back to bitcoin once the drop is over.  That was the reasoning of my thread subject.  As bitcoin continutes to decline like I think it will, dogecoin will probably end up going up.  What makes dogecoin different than the other 100 something cryptos (aside from bitcoin and litecoin) is that it is extremely popular.  Just like bitcoin bulls love positive media attention, so do other crypto bulls and dogecoin has received a lot of positive media attention.  It's certainly not on the level of bitcoin yet, but I don't see why it couldn't honestly.  It might have started as a joke, but do you think a $71 million market cap is a joke now?  It seems pretty legit to me. That's why I diversified my crypto portfolio.  Just like a savvy investor would any stock portfolio.  To me it just seems like a good idea.  Hold a little of each ya know?  

Doge will crack soon, but i do believe in Infinitecoin. Might add that to your portfolio. No pump and dumps, just steady grow.

Oh really , infinitecoin , and what's so special about this one?

Launched June 3rd, 2013 and keep getting stronger and stronger.

[Miz4r]

Oh really , infinitecoin , and what's so special about this one?

Launched June 3rd, 2013 and keep getting stronger and stronger.

Wow that is very special indeed! Looks like the best investment ever.

[stompix]

Oh really , infinitecoin , and what's so special about this one?

Launched June 3rd, 2013 and keep getting stronger and stronger.

Wow that is very special indeed! Looks like the best investment ever.

Well , the launch date might be special , only two or three coins launched that day. Now you can count 10-20. =))))

[knightcoin]

altscoins are really funny ... they always end up in ...




and the argumentations are even worse

[NWOreptilian]

altcoins are meant to be mined and exchanged for bitcoin so you actually get a return on your investment

hilarious if you decide to save them. 

[Cluster2k]

The problem with dogecoin is that it's popular because it tickled people's funny bone and became a meme.  Much popular, wow funny, very laugh.  What's to stop someone releasing an even more popular meme with cute icon tomorrow?  Nothing.  The meme chasing crowd will move onto CatCoin or whatever pops up next.  There will be no one left to pump money into dogecoin and those who hold them will dump to whoever is left willing to buy.  Much crash, wow fall, very cry.

Want to create real value for the next cryptocurrency?  Solve these three problems:

1.  Make it truly anonymous
2.  Exponential blockchain growth
3.  Long and random length confirmation times that sometimes stretch into hours, while also maintaining network security

[jagd]

Dogecoin will never, EVER come even close to bitcoin in any way (price, market cap, adoption, any metric you want).  Doge coin is a joke.  Literally a joke.  100billion of them, with 5 billion more being created annually, it may continue to be used by childish meme lovers to tip each other every time they rhyme shibe with something, but other than that there is no future for it.

Ask yourself this; what problem does dogecoin solve? 

Mods instead of moving this to off topic it probably belongs in the trash.

You need some love.
+/u/dogetipbot 60 doge verify

BTW where am I?

[dropt]

He sure isn't the smartest investor in the world if he fails to see the potential of crypto currencies. I'd say he's just another old fuck who has gotten rich and takes the credit from the idiots who can't live without idols, authorities and geniuses to follow.

WB doesn't trade in currencies, it's not his gig.  It shouldn't be a surprise to anyone that WB isn't interested in Bitcoin, dogecoin, etc.

[PirateHatForTea]

Ask yourself this; what problem does dogecoin solve? 

Ask yourself this; what problem does Bitcoin solve that Dogecoin does not?

I'm bullish BTC long-term but I recently bought some DOGE cos I like em and think they're funny. Perhaps the joke will get old and people will walk away, but people thought Bitcoin was a joke in 2011, and it's still here. Gode also have a way stronger community than BTC, less full of trolls and jaded types. They also have a decent dev community - though not as adept as Bitcoin's.