Any Use Cases For Dogecoin?

[bitbollo]

no you shouldn't use dogecoin as investment.

unless you have already a big portfolio with hundreds of coins: dogecoin has always a positive outlook, it's widely used, hard to manipulate, easy to transfer.......

the value (fiat/dogecoin) during the years has been pumped a lot despite inflationary production.
From 0,00018 USD (6 AUG 2014) to 0,016 USD (8 JAN 2018) actually 0.0025 USD!
Other coins due their nature, (lack of community, not widely accepted, hard to use...), can just fail and lose value during the years despite they seems a better investment!

 

[CryptoGenius10]

I was recently tipped a decent amount of Dogecoin on Tipestry for posting about a bunch of different cryptos. Should I convert the Dogecoin to BTC or ETH? Does Dogecoin have a future? I'm thinking about keeping it on Tipestry for a while and then transferring it out to my ledger (assuming I don't convert it to BTC/ETH)

I personally wouldn't use it, but if you're getting tipped in it, then I don't think it would hurt to hodl it for a week or so before converting it to another currency.

[Adriano2010]

Indeed Dogecoin infinite supply will can't make the price grow up, but Dogecoin can be used to send small amount of money and also to use for faster confirmation and maybe will be used more on future for small payment between people or to buy something.

[mrdeposit]

I guess safety is something that most of us need lately. Even after all this scam thing. Dogecoin gained this trust by the community. In addition, the community is of great importance and the doge has succeeded in doing so, today its price is much higher than when it was created.

[takngantuk]

Should I convert the Dogecoin to BTC or ETH?, Does Dogecoin have a future?

if you want to grow, you have to convert it to btc or eth or other altcoins that have the potential to rise more. and I see doge has no future because from the start the coin was only for jokes. but even so doge will always be there.

[Badhuamin]

for myself, I actually collected some doge for the investment of jaka panjuang even though the price is still low, but if the doge increase can continue to occur, eating will get quite a lot of profit.

[Psynthax]

Indeed Dogecoin infinite supply will can't make the price grow up, but Dogecoin can be used to send small amount of money and also to use for faster confirmation and maybe will be used more on future for small payment between people or to buy something.

When more doge comes to the market and it gets less demand and then the price will go down. That's the only use of dogecoin and it has no other usefulness. But not so many people are using it as pump and dump coin rather than use it as their transaction or payment system.

[corrado25]

really a doge coin just with huge emissions and it seems the emissions in it are not limited. but I would not hurry to exchange it. It is very old coin and it constantly occupies a rather high place for capitalization. It is traded on many well-known exchanges. Many exchanges have traded alcoins in pairs to doge, it is quickly translated and has a low commission for translation. And more its very often a pump and very high. Now it is low from its maximum price so I would not advise to sell

[tomahawk9]

Despite DOGE geing called a meme coin and whatnot, it's an altcoin that gets accepted as payment in many websites accepting cryptos. For instance, some crypto gambling casinos like Stake, Bitsler, Fortunejack, etc, all accept DOGE. You can also buy an account from AirVPN using dogecoin. For all the hate and jokes it gets, I think dogecoin works better as a "cryptocurrency" than many other cryptos that are above it in the charts that are nothing but vaporware or hopes & dreams.

Does Dogecoin have a future?

Depends on what you mean by future. If you mean whether it can give you profits if you hold it for the short/long-term, I'd say all altcoins have potential to give you decent profits once the next bull run or altcoin cycle begins.

[florac9]

Dogecoin was born as a memecoin but I'm surprised it made it this far maybe because of its strong community backing it up? I like it for the fact that you can transfer easily with very low transaction fees and its fast as speed light

[mindrust]

It is good for moving small amounts between the exchanges. Let's say if you have $10 in a crypto, the best way to move it without getting butchered by the fees is usually converting to doge. You'll lose some while exchanging but the withdrawal fees are usually very low so you don't lose much.

It is also a good coin for purchasing small stuff again. It is like lightning network woks on-chain.

It has unlimited supply but that's a feature. Doge never wanted to be store of value in the first place.

Bitcoin tries to accomplish both of them (store of value and medium of exchange) and that's why it is the market leader.

I like doge and have respect for what it is doing. Even hodling a few thousands even though I know it doesn't make any sense.

[veraro]

Dogecoin is unique coin. For th first place it was created as joke, and a lot of people don't take it seriously. But the other way it ia the one of the oldest coin, and it is quite stable. Doge have a lot of fans and strong community. Of course nowadays the main usecase of doge is transferring funds between exchanges. But who knows what can happen in future. There is no guarantee of course but i think Doge will surprise all of us in future.

[icalical]

Doge coin is a payment coin so it is mainly used for payment purposes. However, I don't think it is a good investment to be kept, even the founder said that the project was initially a joke. The only good value that they have is their community, and it is keep shrinking, Doge does not do anything outstanding nor make any great development. Most of people use it because their transaction fee is extremely cheap

[sieemma]

Although dogecoin isn't a stablecoin, it was good to save coins in dogecoins during the time when stablecoins were not known. In our recent times, I use dogecoin to make larger transfers that will take more charges when I am transferring funds from one exchange to the other.
And finally, due to the large supply of dogecoin, it removes the issues of decimal point in bitcoin and other low supply coins. In reality, we all like using notes and not coins so the same applies here

[serhanni]

Dogecoin is a good choice for small payments and transfer small money between low cap exchanges.

[No One]

I do not think Dogecoin is a good investment coin as it has infinite supply of coins and it has not been doing well in the market since it was launched to the market. But on the other hand, it has been said that the coin was created as a joke coin and later it developed its own online community later. Now I think any coin 'unusual' like dogecoin may get rise over time as the people get attracted due to its unusual nature. So holding it may bring you good benefits.  

[coinplus]

I was recently tipped a decent amount of Dogecoin on Tipestry for posting about a bunch of different cryptos. Should I convert the Dogecoin to BTC or ETH? Does Dogecoin have a future? I'm thinking about keeping it on Tipestry for a while and then transferring it out to my ledger (assuming I don't convert it to BTC/ETH)

Dogecoin don't really have any use case and it's just a coin created for fun, though the reason why the coin is never going to stop being in existence is because it is having the glory that bitcoin have of being one of the first coin that came into existence in the crypto world and has a lot of trading volumes because whales are already familiar with the coin and also use the coin to make a lot of money for themselves by causing a bull run in the price of the coin and then dump when it has gotten to a targeted price they desire.

There are plenty of gambling sites which are accepting dogecoins. This is one of the marketplace where we can make use of dogecoins to buy/sell everything : https://www.suchlist.com

[Vektrum]

I think that the most common use of Dogecoin is to transfer funds between exchanges with a low transaction fee, which consists of only a few DOGE coins. Traders often have to transfer coins from one exchange to another and exchanges have set high commissions to withdrawal Bitcoin, so it’s easier to buy Dogecoin, transfer to another exchange and sell it by buying Bitcoin again. If you have a small amount, then the benefit will be winding.

[MonaLeeTracy]

Doge I used to use for a fee if the withdrawal in small quantities and the prefect that is more efficient is doge. besides that in the chart we can see that doge itself is actually really good to invest because price movements are not massive. You can do your own research on this matter whether interested or not to invest.but what I see is actually doge is also good for long-term savings.

[sorrros]

Dogecoin is only useful for trading pairs with other altcoins on low volume crypto exchanges.
I do not see any possible use case for dogecoin when we have litecoin or bitcoin (+lightning network).