Why DOGECoin will go up 3000% again

[markm]

DOGE showed that just some stupid meme can conjure up more hashing power almost overnight than Litecoin had.

It thus showed not only the Litecoin was not secure but also that it itself is not secure.

So it kind of killed itself in that regard, especially by not implementing merged mining so that it and litecoin could be merged mined together. Even between them they might not be able to muster enough hashing power to be secure, but deliberately fragmenting the hashing power kind of destroys all the scrypt coins not just DOGE and litecoin.

-MarkM-

[Bit_Happy]

...when DOGE was 27 Satoshi then it went up to 290.

10x gain is great, but another 30x....in the near future?
2 to 5x is much more realistic.

[lynn_402]

DOGE showed that just some stupid meme can conjure up more hashing power almost overnight than Litecoin had.

It thus showed not only the Litecoin was not secure but also that it itself is not secure.

So it kind of killed itself in that regard, especially by not implementing merged mining so that it and litecoin could be merged mined together. Even between them they might not be able to muster enough hashing power to be secure, but deliberately fragmenting the hashing power kind of destroys all the scrypt coins not just DOGE and litecoin.

-MarkM-

Atm, there's 190 Gh/s mining Litecoin, and 67 Gh/s mining Doge. Merged mining the lesser coins would be a great step towards improving their security, but it seems like overkill for Lite and Doge.

[markm]

DOGE showed that just some stupid meme can conjure up more hashing power almost overnight than Litecoin had.

It thus showed not only the Litecoin was not secure but also that it itself is not secure.

So it kind of killed itself in that regard, especially by not implementing merged mining so that it and litecoin could be merged mined together. Even between them they might not be able to muster enough hashing power to be secure, but deliberately fragmenting the hashing power kind of destroys all the scrypt coins not just DOGE and litecoin.

-MarkM-

Atm, there's 190 Gh/s mining Litecoin, and 67 Gh/s mining Doge. Merged mining the lesser coins would be a great step towards improving their security, but it seems like overkill for Lite and Doge.

Certainly not for DOGE, since we already saw all it takes is a stupid meme to come up with way more than 67 GH almost overnight.

If the next meme is a "PWN the blockchains" meme instead of a "lets be yet another scamcoin" meme all the scrypt coins could be PWNd.

Or all but maybe litecoin, if miners not in on the meme rally to defend it.

-MarkM-

[brooklynite]

Here is the reddit thread about the NASCAR race:

http://www.reddit.com/r/dogecoin/comments/21grog/hey_im_josh_wise_and_ill_be_driving_the_nascar/

[brooklynite]

...when DOGE was 27 Satoshi then it went up to 290.

10x gain is great, but another 30x....in the near future?
2 to 5x is much more realistic.

When blocks start getting smaller in a few months, then you will see how the sellers disappear slowly. Once price starts moving everyone will remove their sell order and move it up a notch.

Currently DOGE is at a real low price of 100 Satoshi while it hovered in 225 range for a long time. So someone is accumulating a lot.

If DOGE goes up 3000% it will be worth 0.00003000 BTC. If you really think DOGE at 0.00003000 BTC will look expensive to some people, then think again.

Remember DOGE will not lose its fans. BUT very soon maybe in a few months, a typical RIG that was making 10,000 DOGE/day will make only 1,000 DOGE/day and less the next year. There wont be many to sell.

[Scrappy Do]

...when DOGE was 27 Satoshi then it went up to 290.

10x gain is great, but another 30x....in the near future?
2 to 5x is much more realistic.

When blocks start getting smaller in a few months, then you will see how the sellers disappear slowly. Once price starts moving everyone will remove their sell order and move it up a notch.

Currently DOGE is at a real low price of 100 Satoshi while it hovered in 225 range for a long time. So someone is accumulating a lot.

If DOGE goes up 3000% it will be worth 0.00003000 BTC. If you really think DOGE at 0.00003000 BTC will look expensive to some people, then think again.

Remember DOGE will not lose its fans. BUT very soon maybe in a few months, a typical RIG that was making 10,000 DOGE/day will make only 1,000 DOGE/day and less the next year. There wont be many to sell.

 Sadly, you have no grasp on what the scrypt world is doing. As a miner that has 50+ mh/s I follow this closely. GPU's do not drive the market, if you have stock in AMD, I suggest you get the fuck out now. This is an ASIC world we live in.

[brooklynite]

...when DOGE was 27 Satoshi then it went up to 290.

10x gain is great, but another 30x....in the near future?
2 to 5x is much more realistic.

When blocks start getting smaller in a few months, then you will see how the sellers disappear slowly. Once price starts moving everyone will remove their sell order and move it up a notch.

Currently DOGE is at a real low price of 100 Satoshi while it hovered in 225 range for a long time. So someone is accumulating a lot.

If DOGE goes up 3000% it will be worth 0.00003000 BTC. If you really think DOGE at 0.00003000 BTC will look expensive to some people, then think again.

Remember DOGE will not lose its fans. BUT very soon maybe in a few months, a typical RIG that was making 10,000 DOGE/day will make only 1,000 DOGE/day and less the next year. There wont be many to sell.

 Sadly, you have no grasp on what the scrypt world is doing. As a miner that has 50+ mh/s I follow this closely. GPU's do not drive the market, if you have stock in AMD, I suggest you get the fuck out now. This is an ASIC world we live in.

Yes I happen to have a lot of AMD stock from way before Cryptos were introduced.

What does DOGE going up have to do with ASICs? ASICs just kill Scrypt and people move on to other things and ASICs holders will be like bag holders. Waiting to recoup their $9,999 investment, which will never happen.

[brooklynite]

And by the way, the 20 and 25nm fabs for BTC ASICs and even Gridseed all get (or steal) their know how from Global Foundries. GB itself was a spinoff of AMD by AMD executives who fucked AMD and took away the money making part and all the secret trades to their processors.  

So yes, I have been following AMD from way before it hit $40 and now down to $4 cheap bucks.

The fact that AMD is not making ASICs just for fun or hobby and make millions just baffles me. They should do it only to keep their GPUs in stock.

GPUs always will win. ASIC just battle each other and burn your wallet. GPUs innovate and change moving forwards.

[smoothie]

"why it doesn't matter if it goes up 3000%".

Price will do what the market wants it to do.

Putting a logo on a car in NASCAR will likely do very little than hype up the local community that is already involved and aware of DOGE.

With all of the competing logos on all of the other cars and on the same car likely it will not even get much attention.

[smoothie]

...when DOGE was 27 Satoshi then it went up to 290.

10x gain is great, but another 30x....in the near future?
2 to 5x is much more realistic.

When blocks start getting smaller in a few months, then you will see how the sellers disappear slowly. Once price starts moving everyone will remove their sell order and move it up a notch.

Currently DOGE is at a real low price of 100 Satoshi while it hovered in 225 range for a long time. So someone is accumulating a lot.

If DOGE goes up 3000% it will be worth 0.00003000 BTC. If you really think DOGE at 0.00003000 BTC will look expensive to some people, then think again.

Remember DOGE will not lose its fans. BUT very soon maybe in a few months, a typical RIG that was making 10,000 DOGE/day will make only 1,000 DOGE/day and less the next year. There wont be many to sell.

 Sadly, you have no grasp on what the scrypt world is doing. As a miner that has 50+ mh/s I follow this closely. GPU's do not drive the market, if you have stock in AMD, I suggest you get the fuck out now. This is an ASIC world we live in.

Yes I happen to have a lot of AMD stock from way before Cryptos were introduced.

What does DOGE going up have to do with ASICs? ASICs just kill Scrypt and people move on to other things and ASICs holders will be like bag holders. Waiting to recoup their $9,999 investment, which will never happen.

Don't be so sure about that. If the price rises significantly then it is more than likely a good portion of miners who bought LTC ASICs early will make their money back and some profit.

Let's not be ignorant that the price can change exactly what you claimed "will never happen". lol

[Spoetnik]

"why it doesn't matter if it goes up 3000%".

Price will do what the market wants it to do.

Putting a logo on a car in NASCAR will likely do very little than hype up the local community that is already involved and aware of DOGE.

With all of the competing logos on all of the other cars and on the same car likely it will not even get much attention.

pump and dump game as usual.. the people already involved sit there and try and think of a way to lure more people in.. ponzi 101

it's a rip off of Litecoin with a dog icon the end.

[jonnysomething]

My dogehouse account was compromised and I lost 90k doge. I was bummed.

[juve4v]

it's a rip off of Litecoin with a dog icon the end.

+1

[eightspaces]

it's a rip off of Litecoin with a dog icon the end.

+1

Litecoin is a joke dude
charlie lee said it himself in an interview
it was never meant to be serious, it just took off cuz it was #2 after bitcoin
it is doomed to death and we all know it

[dogechode]

GPUs always will win. ASIC just battle each other and burn your wallet. GPUs innovate and change moving forwards.

OK but realistically, how many people are still using GPUs to mine Bitcoin? Oh right.

The problem is whether you like the idea or not, once ASICs enter the market in full force, GPU mining will be limited to asic-resistant coins.

[DieJohnny]

I was part of a startup IT company that thought it would be genius to sponsor an Indy Car race about a decade ago. It resulted in zero leads, and zero buzz.

Dogecoin sponsoring a nascar vehicle is the biggest waste of money ever conceived.

Unless the guy you are sponsoring is running in the top 3 or happens to win it you will never even see the car the entire race, not even once. I will be surprised if the broadcasters even mention the sponsorship.

There are 10-15 cars in EVERY race that struggle to keep a regular brand on their vehicle. They are always at the back and never make any noise EVER. You may see them in 5 seconds of action if they get caught in a wreck.

BTW, the Dogecoin subreddit is slowing in adoption the last three weeks, there are far fewer online at any one time anymore. After the fad of cool internet community fades what is going to power Dogecoin??

Sorry, but this coin is going down it has zero buy support in the order book. Billions of coins for sale and nobody is buying. My prediction is it will be a shocking 8 million market cap in a month, then it will be 2.5 million a month from that. In six months it will be worth a few hundred thousand, by end of the year it will be on the second page and Doge will represent the high point of alt-coin ambitions.

In some ways I don't mind that this coin tanks because it is based on quasi-socialist values (tip everyone because you think you are the savior of the needy!, hey everyone deserves a free tip!, and we are not all greedy capitalists, we are the good guys!!!), which means anyone that owns it is probably screwed.

[Bit_Happy]

Doge has lost his Wow, at least for now.
The market looks like it will lose at least 25% more......much sorry.

[brooklynite]

GPUs always will win. ASIC just battle each other and burn your wallet. GPUs innovate and change moving forwards.

OK but realistically, how many people are still using GPUs to mine Bitcoin? Oh right.

The problem is whether you like the idea or not, once ASICs enter the market in full force, GPU mining will be limited to asic-resistant coins.

Its actually exactly the opposite. Once ASICs for Scrypt are everywhere, then there will be very limited Scrypt coins that come out. The ASIC holders will have to battle it out among the 50 something Scrypt coins. The GPU miners will have many options, as you can see right now there are numerous candidates presented to replace Scrypt already, x11 and Scrypt-N being the two most popular ones. Those who bought the $10,000 ASIC Scrypt wont even be able to mine x11 which is ASIC "friendly". Scrypt-N may take years for ASICs to take over.

Thats why ASICs lose 80% to 90% of their value.
GPUs lose 20% of their value.

[brooklynite]

Doge has lost his Wow, at least for now.
The market looks like it will lose at least 25% more......much sorry.

This is what the manipulators do, they dump a blunch of their coins, pushing the price down, once they see a lot of sell orders built up by super shaky investors then they sweep up all the coins and push the price up. Did you see BC today?