Dogecoin is doomed to die a slow death

[g0rush]

Doge is currently recovering from a large bubble that has done massive damage to the currency. At its peak, the price of doge hit a staggering $.00216 in such a short lifespan, and has since declined 88% to $0.000358USD. Although this was a case of pump and dump, the doge community has done more for crypto in recent times than even bitcoin. The power of crowd-funding and multiple incredible displays of its hive-mind at work, has propelled Doge to the forefront of cryto alongside bitcoin and litecoin. Doge's inflation rate is massive to say the least, at the end of its current cycle, 100 billion coins will have flooded into the market. In essence it is a miners currency with amazing returns, however its short halving cycle makes this profitability short lived. If the price of Doge does not rise, it will be economically unfeasible to mine outside of powerful ASIC's. Even then miners will undoubtedly turn their attention to more profitable coins outside of those who seek to protect large investments. To offset this, the doge plan has been to raise awareness of the currency, to get regular folks involved. Doge has successfully gotten a bobsled team to the Olympics and has sponsored a car in the talladega races however the price is still floundering. Despite the millions that were undoubtably made aware of Doge, the Doge user base mostly consists of people involved in crytpo currency already. One huge problem, one that is very difficult to alleviate is the lack of accessibility. It is not easy to buy doge at all, can you imagine mom or dad trying to buy a crytpo currency? There is no coinbase equivalent available and this is the Achilles heel of doge. Doge desperatly needs to build its hash rate and increase its market cap, something that seems unlikely at the moment, and is an incredibly unattractive investment. Why would the common person jump through hoops to buy Doge when they can directly buy goods in fiat? Why would an investor seek out doge when million of coins flood the market daily? In the background potential of hashrate attacks which had the community worried, the leadership of doge seems to have fractured another worrisome sign.

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[bram_vnl]

[tokyoghetto]

[david1365]

[NorrisK]

Please sell you doge now, we don't want you.

[iamreddy44]

If doge holds its current price until the next halving I think the coin will have a long and prosperous life.

[Joe_Bauers]

At best dogecoin was a sheep herding exercise; at worst an intentional attack on bitcoin. Apart from using a lame meme and huge corprorate juggernaut resources for promotion, what innovation did doge provide?

Answer == none

Dogesheep response: Fuck you, our coin is such wow awesomeness. It is much woof!

My response: Fuck you slave sheep, doge was a scam and you were a greedy fuck moron for embracing it. You're the reason we can't have nice things.

Thanks!   

[david1365]

At best dogecoin was a sheep herding exercise; at worst an intentional attack on bitcoin. Apart from using a lame meme and huge corprorate juggernaut resources for promotion, what innovation did doge provide?

Answer == none

Dogesheep response: Fuck you, our coin is such wow awesomeness. It is much woof!

My response: Fuck you slave sheep, doge was a scam and you were a greedy fuck moron for embracing it. You're the reason we can't have nice things.

Thanks!   

WoW such hate

[SirChiko]

At best dogecoin was a sheep herding exercise; at worst an intentional attack on bitcoin. Apart from using a lame meme and huge corprorate juggernaut resources for promotion, what innovation did doge provide?

Answer == none

Dogesheep response: Fuck you, our coin is such wow awesomeness. It is much woof!

My response: Fuck you slave sheep, doge was a scam and you were a greedy fuck moron for embracing it. You're the reason we can't have nice things.

Thanks!   

They have raised alot of money for good causes and gave some more publicity to cryptocoins but otherwise you're right.

[hystericG]

If doge holds its current price until the next halving I think the coin will have a long and prosperous life.

not sure if you're trolling..

[dandruff1138]

DOGE is kind of like a dog, very prosperous and energetic for a short time, but the life span is short. It did some amazing things for crypto and for some amazing people and causes! It is heartbreaking but it brought us joy while he/she was here! It is time for me to let it go and make up my losses elsewhere. Good luck to all those people that were on the DOGE train with me. I will see you on the other side!

[knightcoin]

Matrix Revolutions quote: Everything that has a beginning, has an end.

[lynn_402]

It seems like many disagree with you: Dogecoin was the fourth most traded coin in the last 24h, and the price has been fairly stable for a week now.
Imho, the bottom has been reached. /r/dogecoin is still the second most popular subreddit about cryptocurrencies, Twitter's tipbot is getting used by many of the 160000 persons who follow #dogecoin, a tipbot has been approved for facebook today, dogecoin is still the second most used coin for commerce, etc.

Thousands of people are emotionally attached to this coin, that's why it will survive no matter what happens, even if there is no fancy technology or algorithm behind it.

[plateex]

haters gonna hate 

[Brewins]

Every month, theres always a forum post with '<insert coin name here> is doomed to die'

Join the queue please

[lynn_402]

Every month, theres always a forum post with '<insert coin name here> is doomed to die'

Join the queue please

Yeah, it's sad to see how divided and pessimist the cryptocurrency community can be.
We should never wish for the demise of another coin, instead we should focus on our primary goal: the demise of fiat!

haters gonna hate 

http://imgur.com/e5JqvgL

[amf]

Not yet.

[balu2]

At best dogecoin was a sheep herding exercise; at worst an intentional attack on bitcoin. Apart from using a lame meme and huge corprorate juggernaut resources for promotion, what innovation did doge provide?

Answer == none

Dogesheep response: Fuck you, our coin is such wow awesomeness. It is much woof!

My response: Fuck you slave sheep, doge was a scam and you were a greedy fuck moron for embracing it. You're the reason we can't have nice things.

Thanks!   

+1

a community of wolong-dick-suckers. now he has pulled out and bagholders lost 55%. You think cryptocommunity will buy it back to old price? No, you need to find wolong and suck his dick again so he can pump it up again for you.

[Joe_Bauers]

Yeah, it's sad to see how divided and pessimist the cryptocurrency community can be.
We should never wish for the demise of another coin, instead we should focus on our primary goal: the demise of fiat!

I fully support and applaud any good that has been done in the name of dogecoin. Like the fiat world, good is done on a daily basis, even though the general system is inherently corrupt.

I believe however that dogecoin was planned and released by those looking to PRESERVE fiat though a well calculated attack similar to:

The tulip initiative

1) Release cryptocoinclone based on silly meme and work to immediately discredit and mock Bitcoin concept as a whole.  Slowly ingrain in general populace concept that, like meme, cryptocoins are overall silly joke/fad that by nature must eventually fade away. TULIPS TULIPS TULIPS. Number one target of course for attack being Bitcoin.

2) Use global corporate marketing juggernaut to promote "meme"coin in every possible forum: Print, web, radio, TV, and most importantly, social media. Establish a "cool" factor for "meme"coin and watch/allow PWOM (positive word of mouth) snowball effect to take over.

3) Direct initial propaganda toward those unaware of Bitcoin or alternatives. Increasingly direct attack toward those most likely to latch on to "get rich quick" schemes. Once "real world value" (fiat) is lost in "meme"coin market, PWOM will reverse. Negative feeling will trickle from "meme"coin to all cryptocoins. Bitcoin concept will start to be looked upon by general populace with malice. Fiat, more than ever feels like safe haven to initial "meme"coin adopters.

4) Flood market with clones of clones of clones to continue the effect of #3, which has added benefit of simultaneously discouraging true innovation due to market supersaturation.

5)...

[lynn_402]

Yeah, it's sad to see how divided and pessimist the cryptocurrency community can be.
We should never wish for the demise of another coin, instead we should focus on our primary goal: the demise of fiat!

I fully support and applaud any good that has been done in the name of dogecoin. Like the fiat world, good is done on a daily basis, even though the general system is inherently corrupt.

I believe however that dogecoin was planned and released by those looking to PRESERVE fiat though a well calculated attack similar to:

The tulip initiative

1) Release cryptocoinclone based on silly meme and work to immediately discredit and mock Bitcoin concept as a whole.  Slowly ingrain in general populace concept that, like meme, cryptocoins are overall silly joke/fad that by nature must eventually fade away. TULIPS TULIPS TULIPS. Number one target of course for attack being Bitcoin.

2) Use global corporate marketing juggernaut to promote "meme"coin in every possible forum: Print, web, radio, TV, and most importantly, social media. Establish a "cool" factor for "meme"coin and watch/allow PWOM (positive word of mouth) snowball effect to take over.

3) Direct initial propaganda toward those unaware of Bitcoin or alternatives. Increasingly direct attack toward those most likely to latch on to "get rich quick" schemes. Once "real world value" (fiat) is lost in "meme"coin market, PWOM will reverse. Negative feeling will trickle from "meme"coin to all cryptocoins. Bitcoin concept will start to be looked upon by general populace with malice. Fiat, more than ever feels like safe haven to initial "meme"coin adopters.

4) Flood market with clones of clones of clones to continue the effect of #3, which has added benefit of simultaneously discouraging true innovation due to market supersaturation.

5)...

You're assuming in this that Dogecoin users are anti-Bitcoin. We're not. Many of us started with Bitcoins and thought that the concept of cryptocurrencies was incredible, and that it could impact the world in many ways. We just don't believe that having one universal currency is viable; it makes sense to have a currency for each community, whose value grows with the growth of the community - it's the same reason why USD is not the sole currency of every country. I, for one, consider that Bitcoin is the best coin for large transactions and store of wealth, but Dogecoin is more fun to actually use because it has built this whole ecosystem around it that is quite different from what any coin has ever done.

And we've had no "global corporate marketers" on our side, all of the publicity came from action in which we collectively engaged.

And point #4 makes no sense, the dogecoin developpers were not involved with any other crypto.

Let's not have a war between our ranks, Dogecoin is not trying to steal a part of Bitcoin's market cap, but rather to introduce people to cryptocurrencies as a whole through an ecosystem and community that is accessible to all.

At best dogecoin was a sheep herding exercise; at worst an intentional attack on bitcoin. Apart from using a lame meme and huge corprorate juggernaut resources for promotion, what innovation did doge provide?

Answer == none

Dogesheep response: Fuck you, our coin is such wow awesomeness. It is much woof!

My response: Fuck you slave sheep, doge was a scam and you were a greedy fuck moron for embracing it. You're the reason we can't have nice things.

Thanks!   

+1

a community of wolong-dick-suckers. now he has pulled out and bagholders lost 55%. You think cryptocommunity will buy it back to old price? No, you need to find wolong and suck his dick again so he can pump it up again for you.

Or have patience and wait for organic growth when the real demand (more than a few pumpers) will be higher than the supply so the price will go up?