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Author Topic: Here's my two cents for Dogecoin  (Read 167 times)
freed.james33 (OP)
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February 15, 2021, 01:23:59 PM
 #1

A quick definition of what DOGE is: Dogecoin (DOGE) is a digital cryptocurrency with the same algorithm and technical parts as Litecoin, meaning that all modifications and updates made to it will also be done to Dogecoin. It is a peer-to-peer network that allows its users to send money online easily. Dogecoin right from its launch has become very much significant in the crypto world. It is primarily used for tipping users on Reddit and Twitter, but can also be a method of payment by a few dozen merchants around the world.

In spite of its humble beginnings, Dogecoin is undoubtedly a very serious platform with plenty of high-tech surprises to show. Set up to reach a broader demographic scope than Bitcoin. Furthermore, Dogecoin was an alternative for those who rejected cryptocurrencies from the mainstream.

Dogecoin has proved to be one of the best coins in the market and one that’s usually associated with non-profit organizations and charity fundraising. The digital currency has probably the most devoted and responsible community. Dogecoin is all about goodwill and promoting charity.

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February 15, 2021, 04:47:26 PM
 #2

All of them no matter Litecoin or DOGE, both were forked from bitcoin.

They copy-paste the source code and modified by themself that why Litecon & Doge why you tough both of these have almost the same source code. Well, since bitcoin as open source project, everyone freely to fork or modified the source code to created another cryptocurrency.
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February 15, 2021, 04:51:10 PM
 #3

All of them no matter Litecoin or DOGE, both were forked from bitcoin.

They copy-paste the source code and modified by themself that why Litecon & Doge why you tough both of these have almost the same source code. Well, since bitcoin as open source project, everyone freely to fork or modified the source code to created another cryptocurrency.
Whatever, we are all here to make money from crypto investments and I make most of my money from Bitcoin forks like BCH and BTG, who cares? Even a shitcoin gave me 3700$ in January 2020, what matters is making ROI out of the coins anyways

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February 15, 2021, 04:55:36 PM
 #4

Whatever, we are all here to make money from crypto investments and I make most of my money from Bitcoin forks like BCH and BTG, who cares? Even a shitcoin gave me 3700$ in January 2020, what matters is making ROI out of the coins anyways
Yeah who care?

Then suddenly, when invested on type shitcoin got rekt because exit scam dumped hard because the coin was shitcoin type person like this will try to ask "when the coin moons again?" I know type investor like you, don't even care about the risk like pump and dump.

But, it's up to you then just don't cry while you losing money because investing of type coin like shitcoin.
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February 15, 2021, 05:20:59 PM
 #5


Whatever, we are all here to make money from crypto investments and I make most of my money from Bitcoin forks like BCH and BTG, who cares? Even a shitcoin gave me 3700$ in January 2020, what matters is making ROI out of the coins anyways

oh so, are you most satisfied with generating ROI from coins? even when the shitCoin was taking place yesterday ?. incredible you will probably be on par with the popes. LOL Grin

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February 15, 2021, 06:36:40 PM
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Opensource is good, this is why at the beginning of Bitcoin there were many of them forking each other and then gradually turned scam because its developer pre-mined and dumped everything they had.  Having to consider it being forked but it lived for the longest time, I think it's fair to say its decentralized and it's almost the same store of value like LTC.


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February 15, 2021, 06:55:37 PM
 #7

are you most satisfied with generating ROI from coins? even when the shitCoin was taking place yesterday ?. incredible you will probably be on par with the popes. LOL Grin
Well, not everyone is here to help the crypto community, lets face it. A lot of guys in the crypto space are only looking for how to make money and I cannot blame them either because ultimately that is what everyone has in mind.

Then suddenly, when invested on type shitcoin got rekt because exit scam dumped hard because the coin was shitcoin type person like this will try to ask "when the coin moons again?" I know type investor like you, don't even care about the risk like pump and dump.
Yes, shit coins might give ROI in short term but its like making money with gambling and getting obsessed with it and feeling like gambling is the easiest way to make money and I don't care if its good or bad. But the problem is that these things are short term and once they start losing money they will realize why there is so much talk against shit coins and why they must be stopped.

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February 15, 2021, 07:12:24 PM
 #8

Besides the large profits made by whales every few years, is there anything so special about DOGE that I'm missing? I mean, I love the way it's been memed so far but I hate the fact that it turns into a P&D scheme about every other year..

As you said yourself, it's been copied from LTC.. so yeah, it does have small fees (or at least it DID, because today 1 DOGE isn't that cheap no more), but in the end all it is is just a meme. The way Musk pumped it to (most likely) his own advantage doesn't help either...

My two cents for Dogecoin are: it's just a get-rich-quick scheme for those experienced and get-broke-quick for those who aren't. In the end, the best coin still remains BTC. DOGE doesn't offer much additional (if anything at all) to what BTC brings.
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February 15, 2021, 07:55:42 PM
 #9

Doge coin in my two cents is very good coin with very big communities and supporter. It is also very fast and only take small fees. Even if you want to send million of it, you only pay one and half of dogecoin. Im not shilling, just telling you all the truth.

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February 15, 2021, 08:06:21 PM
 #10

All of them no matter Litecoin or DOGE, both were forked from bitcoin.

They copy-paste the source code and modified by themself that why Litecon & Doge why you tough both of these have almost the same source code. Well, since bitcoin as open source project, everyone freely to fork or modified the source code to created another cryptocurrency.
Whatever, we are all here to make money from crypto investments and I make most of my money from Bitcoin forks like BCH and BTG, who cares? Even a shitcoin gave me 3700$ in January 2020, what matters is making ROI out of the coins anyways
Mate you are so right here! I mean yes people often talk about projects with future and everything but at the end of the day we are here to make profits with all the actions we take and if you can actually make profits off a shitcoin then it doesn't matter at all if the coin was good or bad. You know when Musk tweeted about dogecoin there were some guys who quickly realized now the market will go crazy about dogecoins even if it is the worst coin or not. Some guys bought huge chunks of coins and once the market got crazy they just sold and exit the market with good profits.

Half of the investors right now who are buying dogecoins don't even know what doge is and why its being so popular suddenly, all they know is that their hero Musk has tweeted and supported it and they should follow the suit. Now I am not going to say much about Musk but smart guys will just observe and make profits through all this drama among whom one might be Musk himself.



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February 15, 2021, 09:59:06 PM
 #11

Dogecoin one of the best meme coin ever. It has brought a lot of investors and many of them are new to crypto and are introduced to Dogecoin instead of bitcoin, thanks to Elon Musk by doing those tweets. When you'll say about Doge, people will describe it as related to Elon because he's liking to tweet it every time. That's what they can remember about Doge and not the history of it being forked from bitcoin.

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February 15, 2021, 10:07:39 PM
 #12

Dogecoin one of the best meme coin ever. It has brought a lot of investors and many of them are new to crypto and are introduced to Dogecoin instead of bitcoin, thanks to Elon Musk by doing those tweets. When you'll say about Doge, people will describe it as related to Elon because he's liking to tweet it every time. That's what they can remember about Doge and not the history of it being forked from bitcoin.

doge has come to be one of the most used alts in terms of transfer purposes because of its economical fees. and now, it is enjoying its spotlight, thanks to elon musk! but those noobs, need to be careful in investing heavily in doge. it can easily go back to its usual price level of 25- 50 sats. we dont know how long elon will support this coin. but it seems he got his own doge stash as well. so maybe expect from time to time, we will see tweet from him regarding doge.
even without musk's tweets, a lot of crypto users are already using doge for transfer purposes or in gambling platforms. so either way, doge will not die anytime soon

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February 15, 2021, 10:25:20 PM
 #13

Technically, the purpose of Doge is great working with the charities and non-profit organization but the problem here is not, it is overhyped and many are losing money because of this one which I know its not the problem of the developer, but the investor itself. If you see great potential with Doge, buy now and enjoy your profit when the hype begins again.
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February 15, 2021, 10:33:11 PM
 #14

Dogecoin one of the best meme coin ever. It has brought a lot of investors and many of them are new to crypto and are introduced to Dogecoin instead of bitcoin, thanks to Elon Musk by doing those tweets. When you'll say about Doge, people will describe it as related to Elon because he's liking to tweet it every time. That's what they can remember about Doge and not the history of it being forked from bitcoin.

doge has come to be one of the most used alts in terms of transfer purposes because of its economical fees. and now, it is enjoying its spotlight, thanks to elon musk! but those noobs, need to be careful in investing heavily in doge. it can easily go back to its usual price level of 25- 50 sats. we dont know how long elon will support this coin. but it seems he got his own doge stash as well. so maybe expect from time to time, we will see tweet from him regarding doge.
even without musk's tweets, a lot of crypto users are already using doge for transfer purposes or in gambling platforms. so either way, doge will not die anytime soon
Right, the fee is cheap and that is why it's also another good alternative coin for those transfers that we find to be high in fees. I've found people who have put a lot in Doge instead of bitcoin. But it doesn't matter anymore because it's their money.
Just because Elon has put that much attention on it, they're buying it but neglecting to invest in bitcoin or put little on it is their mistake.

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February 15, 2021, 10:38:55 PM
Last edit: February 16, 2021, 06:37:56 AM by JeffBrad12
 #15

It seems like you understand it in the wrong way dude, it doesn't have a high-tech, it's the fork coin like litecoin. Doge coin is only having an outdated blockchain with low scalability and now with the increase of its price and the doge fees started to be a non-sense thing like ethereum and bitcoin fees.
Infinity supply, high inflation, this will not be suitable as the micropayment for tipping again.
I just say this based on the fact. There's no total supply and it could be mined forever too.

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February 15, 2021, 10:42:26 PM
 #16

Fundamentally, there is no reason to invest in the DOGEcoin except the tweets by popular rich guys. Big boys keep pumping it for whatever reason but it is still shady why so much Hype is around this fork coin. The gamblers use Dogecoin due to the cheap transaction fees and giving the gamblers wide choices with lower bet amounts. There is no meaning to join the crowd that has fun with pumping the market with air, it will explode badly or even worse than shitty projects.

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February 16, 2021, 04:25:02 AM
 #17

I couldn't disagree with your point of view about dogecoin. But we cant deny the fact that the real purpose for creating this coin started with a joke. But even so, it proved that it is still worthy enough to invest in such coin that like dogecoin that easily been manipulated in just a simple tweet. For some reason, it just surprised me that no matter what coin it has been before, it can give you ROI and enough profits in return as long as you buy in a right timing.

And what I like the most with dogecoin and litecoin is that they have the cheapest fees both with faster transactions than others. Yeah at some point they have same purpose because theyve copied same cryptographic algorithm from the the king btc and both doge and ltc are the lighter version of it.
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February 16, 2021, 07:28:48 AM
 #18

I just LOL when I see that it is devoted to "goodwill and promoting charity". I think Bitcoin and Ethereum can aptly fit that description as well. Dogecoin is a meme coin admit it or not, no development from behind after it was released with occasional check-in codes here and there.

It is just manipulated by scrupulous people behind to make money out of the noobs who think that it can go to $1.00. Sorry to burst the bubble for you that it is not a serious project.

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February 16, 2021, 08:16:30 AM
 #19

All of them no matter Litecoin or DOGE, both were forked from bitcoin.

They copy-paste the source code and modified by themself that why Litecon & Doge why you tough both of these have almost the same source code. Well, since bitcoin as open source project, everyone freely to fork or modified the source code to created another cryptocurrency.

I do agree with your point, Both Doge and Litecoin are benefiting from the success of Bitcoin they offer anything new in terms of new ideas or new technology, what the team did was to just change the confirmation time and the total circulating number. Both will be here as long as Bitcoin is here with us or relevant and they are good bet also because their price grow as Bitcoin price increases

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February 16, 2021, 08:19:40 AM
 #20

I just LOL when I see that it is devoted to "goodwill and promoting charity". I think Bitcoin and Ethereum can aptly fit that description as well. Dogecoin is a meme coin admit it or not, no development from behind after it was released with occasional check-in codes here and there.

It is just manipulated by scrupulous people behind to make money out of the noobs who think that it can go to $1.00. Sorry to burst the bubble for you that it is not a serious project.

Some people get carried away by this pump to the extent they begin to have big dreams for a meme coin, some even go to the point of arguing that dogecoin has many usefulness besides being used for cheap transaction fee, what some people fail to realize is Musk is a business man and there is a possibility this act of his is nothing but intentional pump for personal gains (just my personal thinking) there has not been anything serious about dogecoin except now that Elon has taken upon himself to constantly shill to create value for dogecoin.
so for those who are hoping to see doge at $1, they should keep dreaming, nothing is impossible  Smiley

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