Remember: Dogecoin [DOGE] is not capped!

[tabas]

That won't be solved. Elon is demanding to the developers of Dogecoin and I think one issue that he's going to bring is about the infinite supply. But that won't probably be moved anymore as that's what has been made. Dogecoin is just a meme and demanding such should get some money on his pocket for it to be moved since he has made the attention of it really big to the market.

[MCDev]

The problem of endless supply makes it difficult for Doge to rise too high, no one wants to accumulate wealth in a certain coin that it can generate endlessly.

[hamba laeh]

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!

I also like making trades with Dogecoin, but because the current price of Dogecoin is so high that I dare not take a big risk to trade using Dogecoin. because I am worried that over time the Dogecoin price will go down and I will lose a lot of money. instead of having to take a big risk so I switched to using other altcoins.

[Serco]

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!

I also like making trades with Dogecoin, but because the current price of Dogecoin is so high that I dare not take a big risk to trade using Dogecoin. because I am worried that over time the Dogecoin price will go down and I will lose a lot of money. instead of having to take a big risk so I switched to using other altcoins.

honestly i am prefer to trade doge now , although its price over but for me i see anothere opportunity to use futures trade. opening sell when its price soar will give us profits as long as we put our buy order on correct level. In futures trading we could buy and sell as long as we understand how to trade and manage our money well .

[Sithara007]

Doge is being exaggerated too much for its true value, investing in doge at this time is very risky.
Don't put too much faith in Elon Musk and Doge coin, if Elon Musk really loves this coin, he would have accepted Doge in payment a long time ago.

Right now there are two coins in the Coinmarketcap top-10 list that are being overpriced heavily. These coins are Dogecoin and Ripple. And in both the cases, a select bunch of promoters and whales own a large share of the circulating supply. In case of Ripple, promoters own anywhere form 80% to 90% of the supply, while in case of Dogecoin, around 70% of the supply is being owned by the top-100 owners. These people are keeping the prices artificially high, by removing most of the supply from the market.

[Sendi blackspade team]

honestly i am prefer to trade doge now , although its price over but for me i see anothere opportunity to use futures trade. opening sell when its price soar will give us profits as long as we put our buy order on correct level. In futures trading we could buy and sell as long as we understand how to trade and manage our money well .

if you enjoy it hopefully you don't get stuck when you exit your futures trade.
some situations can make our futures trading assets fall very large. it's all very much related to the market situation.
but dogecoin, is really good for futures trading? I haven't tried it myself. futures trading for BNB and BTC I've tried it. but for dogecoin, I still have doubts.

[Mihawk]

Well, I'm not a DOGE supporter, but let's see, how many dollars are there in the world? Naturally it will take a few years for the DOGE supply to match the dollar. Of course, using the price history in cryptocurrencies, a coin with a supply of over 100B, costing over $0.1 can be significantly expensive, but for others it might not be.

[bryant.coleman]

Well, I'm not a DOGE supporter, but let's see, how many dollars are there in the world? Naturally it will take a few years for the DOGE supply to match the dollar. Of course, using the price history in cryptocurrencies, a coin with a supply of over 100B, costing over $0.1 can be significantly expensive, but for others it might not be.

You are comparing a cryptocurrency with fiat currency and that is wrong. One of the advantages for cryptocurrency is that it is protected against inflation due to the principle of controlled supply. You remove this from a cryptocurrency and you will get something similar to fiat. And now the question is why you should use a currency which is similar to fiat, when fiat itself is readily available. I don't have any issues in others investing in Doge. After all, it is their decision. But by removing the cap of maximum supply, you are erasing one of the biggest advantages cryptocurrency have over other forms of currency.

[babygun]

I think the most important thing apart from that is that Dogecoin has no utility, that's why Dogecoin is called a meme coin. I'm very confused why people buy coins that they don't understand like for example dogecoin, supply not capped and has no utility are two things that investors should avoid.

It can be used in gambling were it is quite popular due to the fast transactions and low fees. But other than that it is a, as you say, a meme coin used for pump and dump schemes.

[Russlenat]

DOGE is unlimited but the halving algorithm causes the output of DOGE mined to decrease gradually. The way it works makes DOGE valuable and scarce over time. I don't care how many DOGEs are created, the most important issue is how DOGE is used in practice. Crypto without a use case is a crypto with no value.

Agree with that and I would say DOGE really has the value, however, I just think that its current value is overvalued and because of that, it might result in a big panic and people would not anymore invest in DOGE as it takes another big shill to pump the price. Let's wait until the market will finally dip as I have a feeling that what we are seeing now is not yet the dip.

[flyeers309]

I regret not buying Dogecoin at the bottom price because I knew before now Doge was only a meme coin which many people even considered useless but when I saw the current price, there was no desire to buy at all and there was only fear of being how it fell to the bottom. We all know there are people behind the doge who like playing with people's egos. It would be better if we avoid investing in assets that are so easily controlled by people.

[ipanks]

I regret not buying Dogecoin at the bottom price because I knew before now Doge was only a meme coin which many people even considered useless but when I saw the current price, there was no desire to buy at all and there was only fear of being how it fell to the bottom. We all know there are people behind the doge who like playing with people's egos. It would be better if we avoid investing in assets that are so easily controlled by people.

You do not need to regret it because many other coins that will increase higher like Dogecoin. But it is hard to see the other meme coins becoming like Dogecoin as those coins are created when Dogecoin increases. Maybe if those meme coins can survive and stay at the market for a long time, those coins can increase higher or get pumps like Dogecoin.

If you want to buy Dogecoin, you need to wait for more because I think the price will go down and back to the lowest price before. The history of Dogecoin was like that and after it reached the highest price, the price will slowly getting dump and back to the lowest price.

[domoy77]

DOGE is unlimited but the halving algorithm causes the output of DOGE mined to decrease gradually. The way it works makes DOGE valuable and scarce over time. I don't care how many DOGEs are created, the most important issue is how DOGE is used in practice. Crypto without a use case is a crypto with no value.

Yes, but Doge can be valuable because of the influence of others, if there is no influence from outsiders, then Dogecoin will only be worth as usual and will never experience a big pump, all this is only because of influence.

[ene1980]

There are other cryptocurrencies doing so well with infinite supply. A very good example is ethereum. Despite the fact that we've had ethereum value increase substantially, there is still no cap as to the number of tokens that could be mined. Though, ethereum has its own modalities in reducing or eradicating inflation.

Everyone forgets coins like Ethereum and Ripple because they were in the top valued coin for years and when a coin like Dogecoin which have similar unlimited number of coins started to rally and reach the top even though it was mainly due to the help of Elon Musk and his Muses pumping them to new highs and anyone who missed that rally will keep on complaining  .