DOGE - after DOGETHEREUM speculation

[StarkInternational]

after dogecoin fork (dogethereum) Dogecoin is in TOP 20 currency for market cap.
thets mean DOGE s have pottential? or its only pump?
i know pumpers love DOGE.

[butka]

IMO, it's just a pump. I have never owned DOGE because to me it defies the basic principle of a good currency, that is, to have a limited supply. With DOGE, every new block you mine produces 10.000 DOGE coins forever. So, with this unlimited supply, I can't see how they are supposed to make their coin valuable long term. The current top 20 position therefore doesn't mean anything.

[Ludmila72]

IMO, it's just a pump. I have never owned DOGE because to me it defies the basic principle of a good currency, that is, to have a limited supply. With DOGE, every new block you mine produces 10.000 DOGE coins forever. So, with this unlimited supply, I can't see how they are supposed to make their coin valuable long term. The current top 20 position therefore doesn't mean anything.

thets right, but, doge is good for transfers. when i want transfer my money - i dont use BTC, becouse its so slow coin. and when i want transfer my money with 1 - 2 exchange, i buy doge and transfer after this, and cost is only 2-3 DOGE. thets good for me.

[StarkInternational]

IMO, it's just a pump. I have never owned DOGE because to me it defies the basic principle of a good currency, that is, to have a limited supply. With DOGE, every new block you mine produces 10.000 DOGE coins forever. So, with this unlimited supply, I can't see how they are supposed to make their coin valuable long term. The current top 20 position therefore doesn't mean anything.

thets right, but, doge is good for transfers. when i want transfer my money - i dont use BTC, becouse its so slow coin. and when i want transfer my money with 1 - 2 exchange, i buy doge and transfer after this, and cost is only 2-3 DOGE. thets good for me.

yes, and doge is on 99% exchange. becouse its old coin. and some people  use for Faucets

[HE[A]RTLESS]

i think it only pump

everyone use doge because it cheap price will have very low transfer fee.

[hubballi]

after dogecoin fork (dogethereum) Dogecoin is in TOP 20 currency for market cap.
thets mean DOGE s have pottential? or its only pump?
i know pumpers love DOGE.

It is only Pump as before also DOGE value went up high but it went down also same time. So it is clear that this coin price rising is only purely for Pump.

[mdgabrielzim]

The doge currency market has always been like this, it has always lived by speculation. I personally do not believe that it becomes a currency would be after so many years being treated and used as a shitcoin of transactions.

[neatworld]

IMO, it's just a pump. I have never owned DOGE because to me it defies the basic principle of a good currency, that is, to have a limited supply. With DOGE, every new block you mine produces 10.000 DOGE coins forever. So, with this unlimited supply, I can't see how they are supposed to make their coin valuable long term. The current top 20 position therefore doesn't mean anything.

thets right, but, doge is good for transfers. when i want transfer my money - i dont use BTC, becouse its so slow coin. and when i want transfer my money with 1 - 2 exchange, i buy doge and transfer after this, and cost is only 2-3 DOGE. thets good for me.

XLM is also really good for transfers. Super low fees, lightning fast transfers, and on lots of exchanges.

I'll always dabble a little in DOGE, though - I like how it doesn't take itself too seriously.

[pawel7777]

IMO, it's just a pump. I have never owned DOGE because to me it defies the basic principle of a good currency, that is, to have a limited supply. With DOGE, every new block you mine produces 10.000 DOGE coins forever. So, with this unlimited supply, I can't see how they are supposed to make their coin valuable long term. The current top 20 position therefore doesn't mean anything.

That's a very simple thinking. It's actually the opposite, healthy inflation makes a currency better, as it takes away incentive to hoard and encourages spending, so something currencies are made for. If DOGE was meant to be used (not to be a speculative, appreciating asset), the decision to leave it uncapped was reasonable.

There's another upside, having constant block reward means there will always be incentive for miners, while with Bitcoin - there's a big question mark on how will things pan out when block rewards are insignificant.

[jeffthebaker]

DOGE pumps usually take place over an extended period of of time (think a month or more). These recent private movements very well might just be a pump, BUT the pump is not yet out of steak for a bit more time.

[knuckey]

look at all the coins from hardfork, can they develop from the original coin? obviously not and all just rely on the pump to make the price rise or create profit for their community.

[aragom]

after dogecoin fork (dogethereum) Dogecoin is in TOP 20 currency for market cap.
thets mean DOGE s have pottential? or its only pump?
i know pumpers love DOGE.

after that speculatif news, the big dump will come.
i think doge will fall down at least 35% in this month.

[Oleg88]

this coin has all the chances for good growth. She has a large community, she is very convenient in translations and has a small commission

[jems]

i think it only pump

everyone use doge because it cheap price will have very low transfer fee.

That's right, it can also be one of the reasons why doge can continue to survive in this chaotic market condition. Doge has a low cost for every withdrawal transaction so it is often used for transfers between exchanges.

[DeepChipolino]

While the market is speculative and has no fundamental reasons, such coins as DOGE will exist. Moreover, it is a coin for fun, and it corresponds to the idea. The fact that this coin never raises in price (fundamentally) and can be exchanged makes it convenient for transfers between exchanges and not only.

[butka]

IMO, it's just a pump. I have never owned DOGE because to me it defies the basic principle of a good currency, that is, to have a limited supply. With DOGE, every new block you mine produces 10.000 DOGE coins forever. So, with this unlimited supply, I can't see how they are supposed to make their coin valuable long term. The current top 20 position therefore doesn't mean anything.

That's a very simple thinking. It's actually the opposite, healthy inflation makes a currency better, as it takes away incentive to hoard and encourages spending, so something currencies are made for. If DOGE was meant to be used (not to be a speculative, appreciating asset), the decision to leave it uncapped was reasonable.

There's another upside, having constant block reward means there will always be incentive for miners, while with Bitcoin - there's a big question mark on how will things pan out when block rewards are insignificant.

It might be a simple thinking. But look, with the current issuance rate, you have somewhere around 4 percent inflation (if I did the math correctly, that is - with slightly over 5 billion DOGE coins minted every year). USD has an average annual inflation of 3 percent. It is not hard to see how the buying power of USD has deteriorated over the years.

That being said, it is clear that there are some upsides to having a low or moderate inflation, like you indicated, at least in the short to mid term. With bitcoin, the scarcity will enter the picture at some point, but it remains to be seen how the mining will work with insufficient block rewards from the coinbase transaction. 

[Upercusa]

i think it only pump

everyone use doge because it cheap price will have very low transfer fee.

That's right, it can also be one of the reasons why doge can continue to survive in this chaotic market condition. Doge has a low cost for every withdrawal transaction so it is often used for transfers between exchanges.

That's it! I do not care what to trade. Transfer fee is very important for me. The lower fee - the bigger my interest to such a coin.

[lobo13hf]

after dogecoin fork (dogethereum) Dogecoin is in TOP 20 currency for market cap.
thets mean DOGE s have pottential? or its only pump?
i know pumpers love DOGE.

Just wanna know about the advantage of dogethereum. it has never stated by core developer about the possibility to reviving the doge coin again We know that the doge developers has retired for a long time ago and this time with the help from ether and it makes doge to the moon.

[pawel7777]

It might be a simple thinking. But look, with the current issuance rate, you have somewhere around 4 percent inflation (if I did the math correctly, that is - with slightly over 5 billion DOGE coins minted every year). USD has an average annual inflation of 3 percent. It is not hard to see how the buying power of USD has deteriorated over the years.

It's closer to 4.5%, but percent amount will be declining as the total supply increases. For comparison Bitcoin's current issuance rate is ~3.8% - not a huge difference. Yes, BTC will eventually hit a hard cap, but none of us will be alive when that happens.

Yes, USD, just as any other national currency, is subject to inflation, and that's intentional and it's for a reason.

All I'm saying is that 'hard cap' is massively overrated and that it has mostly psychological meaning. That being said, I agree that DOGE issuance model is not optimal, imo it should have at least one more halving.

[butka]

It's closer to 4.5%, but percent amount will be declining as the total supply increases.

Ah, good point, of course it will. Thanks for bringing this up. So, having this in mind, it is not that bad, and it is not fixed to this percentage year after year.

That being said, I agree that DOGE issuance model is not optimal, imo it should have at least one more halving.

Sure, they could have introduced another halving. Is it now set in stone? I guess the dev team could decide to hard fork in the future to change the issuance model if needed.