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Author Topic: Is Dogecoin real or a meme?  (Read 654 times)
DioBrandoCoin (OP)
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November 04, 2019, 04:28:43 AM
 #1

I recently heard of Dogecoin from a couple of friends of mine. Is it a meme or an actual cryptocurrency, because so I would like to get some myself. Also, what trading platforms trade Dogecoin?
   
Also, if possible can you mention any useful information about Dogecoin that I can use when trading it or buy it. Thanks.
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November 04, 2019, 07:15:23 AM
 #2

Dogecoin is a real coin, but it started as a meme-coin.
It has infinite supply, so imho it's not a great investment. But this doesn't mean the price cannot rise for various reasons, so please decide for yourself if you invest or not.
I guess that the starting point to learn about it would be: https://dogecoin.com/
The relevant exchanges that trade Dogecoin are listed at CMC: https://coinmarketcap.com/currencies/dogecoin/#markets
Please do your own research, some (most) exchanges require KYC info. Most trade at Binance because this exchange doesn't ask for KYC under certain withdraw daily limits.

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November 04, 2019, 07:55:49 AM
 #3

it is still a meme-coin that is created for joke and is mostly used for joke. but that doesn't mean a joke can not have value! just like the way people are trading virtual game items like Dota2 hero items with real cash, a meme coin like Doge can also have value.
NeuroticFish already posted good links, i just want to add that if you are thinking about "trading" or "investing" in a coin like this you also have to be able to analyze its market. a coin like this that has unlimited supply is not a good choice for investment ever.

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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November 04, 2019, 08:07:28 AM
 #4

dogecoin is a real crypto and includes popular coins, almost all crypto players know this coin, although initially this coin was created to mock bitcoin, This coin has a very low price, I do not know whether in the future this coin will have a good price, but when viewed from the past this coin is difficult to get high prices.
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November 04, 2019, 08:10:00 AM
 #5

I recently heard of Dogecoin from a couple of friends of mine. Is it a meme or an actual cryptocurrency, because so I would like to get some myself. Also, what trading platforms trade Dogecoin?
   
Also, if possible can you mention any useful information about Dogecoin that I can use when trading it or buy it. Thanks.


It's not a meme it's a real coin but it does not have features of other crypto coins as it's mainly used to be shred as meme but it did had it's golden days during bull run and if you ask my opinion about Dogecoin I would say this is not an ideal coin for investment purpose even though their might be occasional rise but it will not be used the way we use other crypto coins.

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November 04, 2019, 09:04:00 AM
 #6

You should move this to altcoin discussion, dogecoin doesn't equal bitcoin discussions.

And to answer your question yes, it was created in the early market, and when "doge" was a pretty funny and new meme, it has no value and it's pretty amazing it's still worth a decent sum of money nowadays.

Their entire economy is based on nothing and it's very easy to manipulate, especially if you are a whale.

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November 04, 2019, 09:15:50 AM
 #7

it is still a meme-coin that is created for joke and is mostly used for joke. but that doesn't mean a joke can not have value! just like the way people are trading virtual game items like Dota2 hero items with real cash, a meme coin like Doge can also have value.
NeuroticFish already posted good links, i just want to add that if you are thinking about "trading" or "investing" in a coin like this you also have to be able to analyze its market. a coin like this that has unlimited supply is not a good choice for investment ever.

It started as a joke coin but then it eventually gained the support of the crypto community and grew big from then on. Right now, with a market cap of $317,846,675 USD, it is no small joke anymore. And indeed it "doesn't mean a joke can not have value!" Even the top 10 coins in the coinmarketcap list have a couple more joke coins that are valued in billions of USD.

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November 04, 2019, 09:19:18 AM
 #8

Technically it is a cryptocurrency, but just by looking at its name and branding on the internet you will see it is more like a meme coin. It doesn't have an actual use case. Can you make money from trading it? If you know your craft - for sure. But I consider it a shitcoin most of the altcoins in the market today.

I mean.. why would you hold DOGE instead of BTC?! That is beyond my knowledge and understanding. This is why I believe very few altcoins will still be trading on major exchanges in the near future.
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November 04, 2019, 09:25:01 AM
 #9

Doge coin is real a coin and part of the cryptocurrency family, one of the oldest coins too but due to its supply doge price is still peny worth making it not so popular in the market, doesnt even have good partnerships for dogecoin to be used. We can say that dogecoin is one of the pioneers of cryptocurrency but as time goes by more better altcoin making dogecoin look like a mem now.

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November 04, 2019, 09:39:58 AM
 #10

Doge is the altcoins and it can be traded to the exchange as the current exchange usually available paired btc to Doge so obviously it can be called as the real coin because Doge have the value but indeed since several years ago some people were creating meme use Dogecoin icon and from it too i know to the moon words was very popular because it related to Dogecoin price of movement

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November 04, 2019, 09:45:21 AM
 #11

Dogecoin is a real cryptocurrency aimed to be a meme, so Dogecoin is both of it.
You can check it in here if you want to know where is Dogecoin traded at right now: https://coinmarketcap.com/currencies/dogecoin/#markets
Always check their latest information on their Twitter, they do not update their thread anymore: https://twitter.com/dogecoin?lang=en
or
Find it at reddit: https://www.reddit.com/r/dogecoin/
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November 04, 2019, 09:45:40 AM
 #12

Doge coin is real a coin and part of the cryptocurrency family, one of the oldest coins too but due to its supply doge price is still peny worth making it not so popular in the market, doesnt even have good partnerships for dogecoin to be used. We can say that dogecoin is one of the pioneers of cryptocurrency but as time goes by more better altcoin making dogecoin look like a mem now.
Yes, and it is one of the popular coins before. Considered as one of the best choices for investment. Its price is still cheap even now, and not considered to be a good altcoin investment anymore.
Dogecoin never shows any improvement since early 2018 and there's a lot of altcoins now which is way better than dogecoin.



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November 04, 2019, 09:47:54 AM
 #13

I recently heard of Dogecoin from a couple of friends of mine. Is it a meme or an actual cryptocurrency, because so I would like to get some myself. Also, what trading platforms trade Dogecoin?
   
Also, if possible can you mention any useful information about Dogecoin that I can use when trading it or buy it. Thanks.

As other said above doge is real coin and have market in crypto.
More latest info about doge coin can be found here https://coinswitch.co/info/dogecoin/what-is-dogecoin .
Doge is in the top 30 list of coinmarketcap as of now, you can check it all available exchange you can trade this coin https://www.coingecko.com/en/coins/dogecoin


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November 04, 2019, 09:54:19 AM
 #14

dogecoin is real a part of altcoin that has very high popularity ,meme are basically but dogecoin is very popular with all people who do not want this altcoin to disappear from trading ,so that some defenses will always be at the lowest price of dogecoin

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CryptoInsights
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November 04, 2019, 10:59:26 AM
 #15

The Dogecoin coin actually started with funny concept that it is for dog lovers. The public gave a huge support by trusting on its security and the coin team also developed the coin which let the coin to be one amongst the top coins.

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November 04, 2019, 11:13:07 AM
 #16

Dogecoin is currently a real crypto and is traded on many exchanges and has a large trading volume and it was a meme coin before. Dogecoin is convenient to trade during the day and should not be long-term investment for this coin, but experience to capture and understand it should learn more about it.

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November 04, 2019, 11:28:34 AM
 #17

dogecoin is real a part of altcoin that has very high popularity ,meme are basically but dogecoin is very popular with all people who do not want this altcoin to disappear from trading ,so that some defenses will always be at the lowest price of dogecoin
we never guess doge coin could survive meanwhile much coins that launched in same time die now.doge now be an alternative coins that often used to send in other exchanges due its fee relatively low if compared with other coins.and maybe doge coin included in altcoin that its price stable.traders never thinking its history when it launched in first time.
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November 04, 2019, 12:05:45 PM
 #18

dogecoin is real a part of altcoin that has very high popularity ,meme are basically but dogecoin is very popular with all people who do not want this altcoin to disappear from trading ,so that some defenses will always be at the lowest price of dogecoin
we never guess doge coin could survive meanwhile much coins that launched in same time die now.doge now be an alternative coins that often used to send in other exchanges due its fee relatively low if compared with other coins.and maybe doge coin included in altcoin that its price stable.traders never thinking its history when it launched in first time.
No one actually expected for dogecoin to last until today.
It actually makes me wonder what makes dogecoin to keep being alive until now. slow improvements, developments, etc. Dogecoin is one of the oldest coins, and we have never seen any price changes. There are still a lot of holders of dogecoin, I think they are still waiting if the bull run will influence its price.


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November 04, 2019, 12:19:11 PM
 #19

dogecoin is real a part of altcoin that has very high popularity ,meme are basically but dogecoin is very popular with all people who do not want this altcoin to disappear from trading ,so that some defenses will always be at the lowest price of dogecoin
we never guess doge coin could survive meanwhile much coins that launched in same time die now.doge now be an alternative coins that often used to send in other exchanges due its fee relatively low if compared with other coins.and maybe doge coin included in altcoin that its price stable.traders never thinking its history when it launched in first time.
No one actually expected for dogecoin to last until today.
It actually makes me wonder what makes dogecoin to keep being alive until now. slow improvements, developments, etc. Dogecoin is one of the oldest coins, and we have never seen any price changes. There are still a lot of holders of dogecoin, I think they are still waiting if the bull run will influence its price.

It's convenient and easy to use.

The lack of development is actually a plus - it means exchanges (and users) don't have to constantly upgrade their wallets. It's a case of "install it once and you are good to go".

Super low fees for moving doge, quick confirmations. There is no problem with the mining as it is merge mined with litecoin. It's listed on most exchanges, so if you are moving money from one end of the world to the other, it's easy.

Doge is also not volatile - the price hovers between $0.0023 and $0.0027 and has maintained this for years. That makes it good to use as a hedge against bitcoin volatility.

 
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November 04, 2019, 12:21:45 PM
Last edit: November 04, 2019, 01:37:37 PM by knuckey
 #20

I recently heard of Dogecoin from a couple of friends of mine. Is it a meme or an actual cryptocurrency, because so I would like to get some myself. Also, what trading platforms trade Dogecoin?
   
Also, if possible can you mention any useful information about Dogecoin that I can use when trading it or buy it. Thanks.

The first time I want to say welcome to this forum and community.

Besides Bitcoin, Doge is another alternative coin that is a favorite of many people and Doge is one of the old coins on my portfolio. You should know that the Doge has been around since 2013 and until now it has survived in the crypto industry. For more details, you can visit their announcement thread to see the latest information and also discuss about Dogecoin there [ANN][DOGE] Dogecoin
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