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Author Topic: The point of Dogecoin.  (Read 908 times)
the ghabbar
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August 25, 2021, 07:17:52 AM
 #101

There is no special point nehind Dogecoin but it's community and meme.

Communities and memes are the smallest part in interpreting a point, this is a form of improvement that they have done at this time, with the existence of this community, Dogecoin in the future provides various flagship projects, for that I mention this point as the smallest happiness in improving today This and our hope in the future dogecoin is not just a memecoin that has no value, but must be a trusted coin in making purchases.
kak uli
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August 25, 2021, 10:45:19 AM
 #102

Is there really any points of dogecoin other than to meme it and use it as a pump and dump?

Doge coin growth because it is supported by a large community available all over the world
Doge coin is not a token that has good value without the presence of Elon Musk. but after the encouragement of the Tesla boss, Doge Coin is increasingly in demand by the public so that it becomes the favorite Altcoin of many traders.

Rikotin
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August 25, 2021, 01:33:09 PM
 #103

for me personally a meme coin of any kind or like Doge coin has no real utility, although I once owned 50k doge coins just for gambling and sold them while making a profit at a moment's notice because I don't think it's worth it in the long run Tongue. but since ElonMusk tweeted about Doge Coin that time made me unable to sleep well after seeing the price of doge increase by thousands of %  Shocked
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August 25, 2021, 01:45:53 PM
 #104

The point of Dogecoin (key lessons on the success of Dogecoin) is that there is success in (1) early bird advantage and mass adoption, (2) simplicity,  (3) power of influence. As the first or one of the first meme altcoin, just like bitcoin being the first coin, it has gained mass adoption. Secondly, the simplicity of the coin - as there are no complex technical explanations to be made about the coin, can be an attractive feature for those that are not technically savvy. It shows that simplicity, sometimes can be attractive. Thirdly, the appreciation in the coin value when Elon Musk tweets is a typical example of the power of influence.

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Evgenklm
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August 25, 2021, 01:57:44 PM
 #105

In fact, it is really only a meme coin, there is no special application in it, only a PR manager as the richest person on the planet, and this, as we see, is enough for the coin to be traded on top exchanges and cost more expensive than other projects where there is an idea and practical application.
jaberwock
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August 25, 2021, 04:28:30 PM
 #106

Dogecoin may not be just a meme. but there is another point, because in the past the doge coin was campaigned for the first time the doge team gave an advantage if the doge coin could be used for a low-cost crypto transaction system with a low doge price, but for now after the hype doge maybe doge will become a coin with a slightly increased cost than before
The funniest part of the dogecoin boom is that people (or just Elon) are pumping it at a time when it makes the least sense.

If dogecoin was pumped years ago when altcoins didn't existed as they do now, it would have surprisingly made perfect sense because it offered cheap transactions and a playful currency that is meant for small transactions.

But pumping it now, when there are other tokens that allow cheaper and smaller transactions with faster confirmations and more use cases, makes absolutely no sense.

They picked the worst and least expected time to pump such a dead coin.

tabas
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August 25, 2021, 10:27:54 PM
 #107

Maybe there's a point again with it because of this news:
Dogecoin Foundation Announces Return With 'Renewed Focus' to Protect Brand, Community

 
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