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Author Topic: Remember: Dogecoin [DOGE] is not capped!  (Read 611 times)
dogetalk (OP)
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May 08, 2021, 03:45:29 PM
 #1

I really like Dogecoin but honestly, it is extremely overpriced right now because we should not forget a fact:
Dogecoin needs to solve a big problem: it is uncapped currently. Dogecoin has no capped supply like Bitcoin, it has infititive supply!

If DOGE solves infinite supply problem, Dogecoin can reach very high prices, but right now, Dogecoin is way overpriced because it has no cap!

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May 08, 2021, 05:41:54 PM
 #2

yes, Dogecoin is indeed not limited to its troops, but while you can enjoy this price increase,

why not use it as much as possible, even though to buy at the present time the value is very high,

and the fear of the value falling back is definitely there.

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May 08, 2021, 05:45:29 PM
 #3

And it's rising for today only. Musk again said something weird before the Saturday night live which is going to be live after some hours. I believe he would call for modesty while investing and be cautious for risk. But till than, dogecoin followers are having a new all time high and watch parties around the world. I'm happy for them and wish they'd remain that happy for long.


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May 09, 2021, 12:49:34 PM
 #4

I really like Dogecoin but honestly, it is extremely overpriced right now because we should not forget a fact:
Dogecoin needs to solve a big problem: it is uncapped currently. Dogecoin has no capped supply like Bitcoin, it has infititive supply!

If DOGE solves infinite supply problem, Dogecoin can reach very high prices, but right now, Dogecoin is way overpriced because it has no cap!



Calm down already. Dogecoin coin-a joke. It does not perform any useful functions, it just caught a hype thanks to a rich and influential person. This will pass very soon. How many coins are lying at the bottom with huge prospects to shoot, and you all revolve around a coin that even a cryptocurrency is difficult to call

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May 09, 2021, 01:02:33 PM
 #5

I really like Dogecoin but honestly, it is extremely overpriced right now because we should not forget a fact:
Dogecoin needs to solve a big problem: it is uncapped currently. Dogecoin has no capped supply like Bitcoin, it has infititive supply!
After lots of consensus, dogecoin devs finally decided to have no cap as far as my memory serves me. So I don't think it will be a problem if dogecoin continues with unlimited supply. It is a coin still dedicated for micro-transactions so having unlimited supply is a kind of advantage for it; if you notice it was pumped on organic manner and not in jumping price levels. So, having massive supply also helpful in times.

If DOGE solves infinite supply problem, Dogecoin can reach very high prices, but right now, Dogecoin is way overpriced because it has no cap!
I agree having limited supply might lead to do good impact on price levels but for that we need either Elon Musk to hire devs or might need to fork dogecoins into something like TeslaDoge or anything like that Grin.
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May 09, 2021, 01:09:48 PM
 #6

As expected we see a big correction in DOGE, it’s just a memecoin with a cult following. Sell or convert to bitcoin or ETH before you get rekt.

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May 09, 2021, 01:16:56 PM
 #7

As expected we see a big correction in DOGE, it’s just a memecoin with a cult following. Sell or convert to bitcoin or ETH before you get rekt.

it could be a big correction or elon halting this craze already.

the SNL was fun though. i was expecting it to really go high like $1 and maybe all doge holder was also waiting for a big punchline that he'd say. nothing so far but doge just a hustle. no one could be expecting that really. anyway, if it goes up then its good if not then we've lost the opportunity.









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May 09, 2021, 01:24:34 PM
 #8

From the start doge was jokes. apart from the fundamental that Doge has an unlimited total supply, do they have a use case? apart from being a meme. maybe there will be something new from this correction, apart from Elon who appeared on SNL yesterday making the price drop quite far
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May 09, 2021, 01:25:11 PM
 #9

I really like Dogecoin but honestly, it is extremely overpriced right now because we should not forget a fact:
Dogecoin needs to solve a big problem: it is uncapped currently. Dogecoin has no capped supply like Bitcoin, it has infititive supply!

If DOGE solves infinite supply problem, Dogecoin can reach very high prices, but right now, Dogecoin is way overpriced because it has no cap!

Do you really think that the Dogecoin investors really care about the cap? Most of those who make their investment with Dogecoin are relatively inexperienced in the cryptocurrency domain. They are attracted to Dogecoin, due to propaganda in the social media and as a result of tweets from people like Elon Musk. I am damn sure that only a small minority among them knows the difference between the fundamentals of Dogecoin and Bitcoin. And when the prices are going up, they will listen to none of your arguments. Only when the bubble bursts, they will listen to others.
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May 09, 2021, 01:31:12 PM
 #10

I really like Dogecoin but honestly, it is extremely overpriced right now because we should not forget a fact:
Dogecoin needs to solve a big problem: it is uncapped currently. Dogecoin has no capped supply like Bitcoin, it has infititive supply!

If DOGE solves infinite supply problem, Dogecoin can reach very high prices, but right now, Dogecoin is way overpriced because it has no cap!


This price increase is probably affected by market volatility. It's pushed up the price too high, and that attracts a lot of attention from people.
I see this as crowd-based investment. They see prices suddenly rising and are still rising. They want to profit from it, it's as simple as that. They don't care about its quantity. The creator hasn't thought about how it can be achieved now.





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May 09, 2021, 02:02:47 PM
 #11

I really like Dogecoin but honestly, it is extremely overpriced right now because we should not forget a fact:
Dogecoin needs to solve a big problem: it is uncapped currently. Dogecoin has no capped supply like Bitcoin, it has infititive supply!
Why doge? What kind of feature is it has to be loved? Being decentralized(which was trivialized by Musk)? Love LTC instead. LTC is also decentralized, limited supply, as well as less fee for transactions.
If DOGE solves infinite supply problem, Dogecoin can reach very high prices, but right now, Dogecoin is way overpriced because it has no cap!
Lately more loved and more valued. If doge had a limited supply, it should not be more than $0.2, if we calculated with today's market situation.
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May 09, 2021, 02:06:11 PM
 #12

Currently the price increase for Dogecoin is indeed extraordinary, and that is due to the support of Elon Musk and also other big entrepreneurs, so investing in Dogecoin is certainly very risky right now, but if you are good at analyzing it you will definitely get lot of profit from Dogecoin.

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May 09, 2021, 02:11:38 PM
 #13

I really like Dogecoin but honestly, it is extremely overpriced right now because we should not forget a fact:
Dogecoin needs to solve a big problem: it is uncapped currently. Dogecoin has no capped supply like Bitcoin, it has infititive supply!

If DOGE solves infinite supply problem, Dogecoin can reach very high prices, but right now, Dogecoin is way overpriced because it has no cap!


Dogecoin isn't over priced ambiguously or deliberately, the price of dogecoin going up is the end result/birth caused by fussion of demand and supply, dogecoin is among alt-coins that are attractive to investors, I don't know about which problem dogecoin has or what they should do to solve it, but what's clear is that dogecoin is hot on investors list, I think when that all clears alot about dogecoin and it's problem maybe exposed. I have seen article illustrating dogecoin as a gunpowder ready to explode and I think for now investors are all about doge profit.

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May 09, 2021, 02:20:45 PM
 #14

Give warning to people is a good idea. Because we can see people should be ready if dogecoin price change suddenly like what already happened. Dogecoin price dumped and then if  people not ready they can lose their money, and what make it worse, people who bought it at higher price. That is proof if altcoin which increased because of hype, should get big attention especially if people want to buy them.

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May 09, 2021, 02:21:36 PM
 #15

I really like Dogecoin but honestly, it is extremely overpriced right now because we should not forget a fact:
Dogecoin needs to solve a big problem: it is uncapped currently. Dogecoin has no capped supply like Bitcoin, it has infititive supply!

If DOGE solves infinite supply problem, Dogecoin can reach very high prices, but right now, Dogecoin is way overpriced because it has no cap!



This is the main cons of holding and buying Dogecoin. Buying this coin is just like buying fiat money with a premium. Which the premium will be devalued overtime once the supply surge in. Many traders is taking a blind eye about this and only focus on gain. They are solely relying to Elon musk hype to the price.

Dogecoin is surely the greatest rugpull of all time soon.

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bekti3
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May 09, 2021, 02:24:04 PM
 #16

Dogecoin is unforgettable for all cryptoners. because its existence will always provide benefits. just pay attention to Doge's correction after that Elon will pump again. The bottom line is everyone doesn't want Doge to go back to basics, before his long-expected $ 1 target.

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masterrex
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May 09, 2021, 02:24:12 PM
 #17

I really like Dogecoin but honestly, it is extremely overpriced right now because we should not forget a fact:
Dogecoin needs to solve a big problem: it is uncapped currently. Dogecoin has no capped supply like Bitcoin, it has infititive supply!

If DOGE solves infinite supply problem, Dogecoin can reach very high prices, but right now, Dogecoin is way overpriced because it has no cap!



Just remember always regarding the purpose why Dogecoin is created it is only a meme coin and that's the reality let us stick to that point as a reference so that we will not be lost, now the question is pointing about the infinite supply for me its no sense at all because in the very beginning it is only a joke coin and today's price is also a joke and if we are not aware of the situation our money will be burn because it was all base on the hype no solid demand and only controlled by few wallets that's why the risk is pretty high compared to other shitty cryptocurrencies out there. so beware don't let yourself drown with Dogecoin. if you want to invest just a minimal amount that you can afford to lose.   
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May 09, 2021, 03:22:29 PM
 #18


Doge is reaching the current price due to the manipulation that already done by the big whales. This whale bought billion coins of doge coins from the market to create FOMO. I do agree with your opinion if dogecoin is overpriced at this moment but you must remember that the doge believers will ignore it. they are thinking doge will be the future of money.
Meme coin will always become meme coin. There's no fundamental behind it. Fully manipulated.

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May 09, 2021, 04:21:52 PM
 #19

I really like Dogecoin but honestly, it is extremely overpriced right now because we should not forget a fact:
Dogecoin needs to solve a big problem: it is uncapped currently. Dogecoin has no capped supply like Bitcoin, it has infititive supply!

That is not a problem but a solution to secure network without having high transaction fees. Bitcoin will have to solve this problem. If it will not will not be secure enough or fees will be extremely sky high. This will not happen when all Bitcoin get mined so almost 100 years form now but much earlier.   Also Bitcoin have infinity supply fro next 100 years. Are not you as concern for Bitcoin as you are for Doge?
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May 09, 2021, 04:46:33 PM
 #20

I still remember a few days ago, Doge pumped crazily, left all of other altcoins in blood. Doge fan were happy but the rest of crypto fans weren't. I know that it hurts but Doge is just a "hustle" of Elon Musk. He raised it and now he kills it for meat. Everything will be back to normal. Elon Musk and Doge are just some stones thrown to the crypto river. Hope that he won't shill any shitcoin again.

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