danherbias07
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July 01, 2021, 03:49:20 PM |
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It's the cheap transaction fees that made it hype just like how XRP did it. The only problem is there is no real project behind it which will mean a lot if suddenly they don't just want to continue the meme. Your coins are stuck and there is getting it back. It's a waste of money and so does effort. So, it's possible to be used but not to be kept because of that risk. Like a time bomb where you just drop it and leave it there never looking back.
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junkerr
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July 01, 2021, 03:51:45 PM |
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what exactly does the OP expect from dogecoin? did you invest heavily in dogecoin when the pump hit and sell it too late when the dump continued?
dogecoin is not as bad as it sounds. doge grew up with a strong community. but the hype that followed after Elon did everything was just too strong. the community supports it. But because Elon often plays with the Dogecoin market with his followers who are always fooled by Elon's strategies, making Dogecoin like an annoying meme coin.
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jrrsparkles
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July 01, 2021, 04:07:20 PM |
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Is there really any points of dogecoin other than to meme it and use it as a pump and dump?
Doge transactions are cheaper and also it is having enough liquidity and trading volume so users are choosing it as an alternative when the transactions fee is high on other coin like BTC, anyway these meme coins are simply created for bump and dump, nothing else.
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Review Master
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July 01, 2021, 04:19:19 PM |
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Is there really any points of dogecoin other than to meme it and use it as a pump and dump?
As of now, dogecoin is one kind of pump-dump things because of the blind puppets of Elon Musk. Though it was used for micro-payments by all previously, but now wrapped dogecoin is becoming popular on defi space just like @Bttzed03 said. It's ridiculous to see that dogecoin is now trending on coingecko just because of elon's tweet. Those blind followers won't get out of fomo anymore and pump it eventually. Afterwards, dumping of dogecoin will be done when bitcoin will take correction. So everyone of those who are still on fomo , should not jump for dogecoin without proper TA, IMHO.
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aysg76
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July 01, 2021, 04:22:45 PM |
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Is there really any points of dogecoin other than to meme it and use it as a pump and dump?
The only point behind Dogecoin pump was "Elon Musk" nothing else and his fake tweets which leads billion dollar investment in Dogecoin that will soon wipe out from the market as he was the biggest whale of Dogecoin holding worth billion dollars of doge along with some other centralised wallets of this meme crypto.What other factors do you think have made this insane pumps in coin which has no past development and the developers are still planning to make updations in the coin but no security so what's the fun of holding them just under his influence.
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NewRanger
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July 01, 2021, 05:07:22 PM Last edit: July 01, 2021, 10:48:33 PM by NewRanger |
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Is there really any points of dogecoin other than to meme it and use it as a pump and dump?
Doge transactions are cheaper and also it is having enough liquidity and trading volume so users are choosing it as an alternative when the transactions fee is high on other coin like BTC, anyway these meme coins are simply created for bump and dump, nothing else. doge coin could used to asseets tranfer between market . So our cryptocurrency should need to change into doge and then we tranfer it to exchanges. It will save more money than tranfer any coins directly without any switching asset. And now doge coin price soar again due elon must twitting or shilling again but its effect as not big with previous tweet. investors now care about it, if follow elon musk tweet they should get rekted again.
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abel1337
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July 01, 2021, 07:09:47 PM |
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Is there really any points of dogecoin other than to meme it and use it as a pump and dump?
Doge transactions are cheaper and also it is having enough liquidity and trading volume so users are choosing it as an alternative when the transactions fee is high on other coin like BTC, anyway these meme coins are simply created for bump and dump, nothing else. doge coin could used to asseets tranfer between market . So our cryptocurrency should need to change into doge and then we tranfer it to exchanges. It will save more money than tranfer any coins directly without any switching asset. And now doge coin price soar again due elon must twitting or shilling again There are many cheap fast alternative tokens that have a strong project background and have a solid potential like BNB, EOS, XRP. It would better to just settle on those than relying so much on DOGE. DOGE soars up on value just because of Elon Musk and his followers, What if Elon Musk abandons that DOGE? Price would crash for sure and people who are relying on it too much would be crazy because of that kind of idealism.
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DeathAngel
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July 01, 2021, 07:46:51 PM |
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Is there really any points of dogecoin other than to meme it and use it as a pump and dump?
No! It’s a joke coin, bought by poor people in the hope of getting rich. It’s useless, has a finite supply, is memed by Elon Musk when he’s drunk or high on Twitter. Don’t invest in it!
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xSkylarx
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July 01, 2021, 08:56:21 PM |
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Is there really any points of dogecoin other than to meme it and use it as a pump and dump?
Dogecoin can also be used to gamble in some websitess. With its low fees and cheap price, your bankroll will last longer rsther than using bitcion to gamble. Other than that, I don't see more purpose of dogecoin in the crypto space. It is just a memcoin for me, and the developer of that coin also admitted that is was only created for that purpose. Elon Musk just made it popular for some unknown reason. I'm sure he knows that dogecoin has unlimited anount of supply and the top 10 holders of that coin owns a very large amount of supply which can drive the price down a lot.
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viananda2525
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July 01, 2021, 11:03:26 PM |
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Is there really any points of dogecoin other than to meme it and use it as a pump and dump?
Doge transactions are cheaper and also it is having enough liquidity and trading volume so users are choosing it as an alternative when the transactions fee is high on other coin like BTC, anyway these meme coins are simply created for bump and dump, nothing else. doge coin could used to asseets tranfer between market . So our cryptocurrency should need to change into doge and then we tranfer it to exchanges. It will save more money than tranfer any coins directly without any switching asset. And now doge coin price soar again due elon must twitting or shilling again There are many cheap fast alternative tokens that have a strong project background and have a solid potential like BNB, EOS, XRP. It would better to just settle on those than relying so much on DOGE. DOGE soars up on value just because of Elon Musk and his followers, What if Elon Musk abandons that DOGE? Price would crash for sure and people who are relying on it too much would be crazy because of that kind of idealism. if there are alternative coins with better feature and usecase than doge , no doubt anymore we should choose them. If elon stop shilling and even never call it again , less traders will care to dogecoin again. they will thinking no more trigger to take short opportunity to gain profits. Trading by following trend or Fomo will have good result if we come early, but if don't we will rekted.
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blue Snow
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July 02, 2021, 12:38:12 AM |
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Is there really any points of dogecoin other than to meme it and use it as a pump and dump?
If they do for IBM and Adobe, maybe doge is a successful project when implemented for what they were created. And now, it is like a speculative coin especially if Elon tweets about it.
His barking didn't affect anything, people don't care what he says. like the last his twit, doge price not moving up and going tends to down.
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lienfaye
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July 02, 2021, 02:10:14 AM |
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Before the hype of doge came in, I used this old alt for transfer purposes from one exchange to another as it is cheaper than moving your coins using bitcoin. However, because of this hype, the withdrawal fees in doge is getting expensive already as compared to other alts like XRP/TRX/LTC. The main use cases before were in gambling and transfer purposes. Right now, it somehow changes because the fees are getting expensive under this network. And now, it is like a speculative coin especially if Elon tweets about it.
True, doge is a good alternative when it comes to cheap transaction specially those who often gamble and using doge as their option to deposit/withdrawal. But because of the demand for doge due to hype it breaks the only advantage to use this coin. Influencers has really an impact thats why it became popular than before as a number one meme coin.
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goolesby
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July 02, 2021, 02:30:58 AM |
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I've heard that its creators are just for fun nothing more, and make people think Dego Coin is just a joke in this market, and with this all in fact Dego Coin is known all over the world, and I myself support Doge Coin.
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bluebit25
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July 02, 2021, 02:36:22 AM |
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OP should be wondering what do we need from such coins, after many years of being in this market I feel it doesn't deserve such a high rating. But anyway, nothing is impossible for a market that is still very new to many people, I personally always believe that Doge coin will soon fall to 0.0..
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jrrsparkles
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July 02, 2021, 07:41:00 AM |
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Is there really any points of dogecoin other than to meme it and use it as a pump and dump?
Doge transactions are cheaper and also it is having enough liquidity and trading volume so users are choosing it as an alternative when the transactions fee is high on other coin like BTC, anyway these meme coins are simply created for bump and dump, nothing else. doge coin could used to asseets tranfer between market . So our cryptocurrency should need to change into doge and then we tranfer it to exchanges. It will save more money than tranfer any coins directly without any switching asset. And now doge coin price soar again due elon must twitting or shilling again but its effect as not big with previous tweet. investors now care about it, if follow elon musk tweet they should get rekted again. Before the Elon Musk shill for Doge the price is lesser but it considered t9 be a decent coin but now the real potential investors are afraid of it and it only attract new investors who may get rekt if they follows the tweets of Elon Musk.
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trauchot
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July 02, 2021, 07:48:51 AM |
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In general, when the gas price was very high on the Ethereum blockchain, I constantly used Dogecoin to withdraw or deposit cryptocurrencies on exchanges through Dogecoin, since cryptocurrency transactions through Dogecoin are very fast and most importantly, it is very cheap, but of course Dogecoin is just a meme coin which is very popular and therefore Dogecoin will rise in price to new heights in the future and therefore we need to monitor Dogecoin carefully.
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laohe628
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July 02, 2021, 09:11:32 AM |
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This goes back to the origin of Dogecoin. Dogecoin was created to meme Bitcoin for fun. It didn't make any sense from the beginning.No one expected Elon Musk to take a fancy to Dogecoin, which started this craze Dogecoin hype.
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kryptqnick
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July 02, 2021, 09:25:56 AM |
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Dogecoin was created as a joke from the very beginning. However, what makes it different from other similar coins is that it's way older and thus had a lot of time to get a community of users behind it. I remember that years ago, Dogecoin was one of the most popular coins to use for gambling, being third after Bitcoin and Ethereum in this regard. It was cheap, transactions were fast, and the mere possibility of betting with tons of something felt nice (compare betting 100 DOGE to 0,00075 BTC psychologically, and the difference in prices was way higher than that). Then everyone sort of forgot about it, but from time to time something reminded people of it and it experienced some movement. After that, Doge became Musk's toy, basically.
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coin-investor
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July 02, 2021, 10:02:37 AM |
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Is there really any points of dogecoin other than to meme it and use it as a pump and dump?
It's cheap and fast like Tron for a long time it has a huge market and people considered it as a meme coin, but now it becomes a prominent coin this year because of Elon Musk support, the first coin that Elon pour out his support, because of this we now have a lot of meme coin, Doge is a classic example of a coin that support for one big whale can make a difference.
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Sled
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 02, 2021, 10:03:00 AM |
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This goes back to the origin of Dogecoin. Dogecoin was created to meme Bitcoin for fun. It didn't make any sense from the beginning.No one expected Elon Musk to take a fancy to Dogecoin, which started this craze Dogecoin hype.
Maybe you are right but look at the price of Dogecoin, that is very surprising isn't it. If that only a meme coin, nonsense, it is supposedly it has died already but we can't imagine that it still going to survive, unlike the others. So I realize that even it was of no value to the others but might not know that it serves to have a purpose to the others. Many investors and traders still using this one, they valued Doge more than what the majority had to think about this. In fact, we have done already with the hypes but still, it has a healthy price, this will mean that there something about Doge and we just underestimate this coin.
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