Dogecoin halving next week. Inflation cut by 50%.

[thatguy3]

Here is a countdown timer for those that are interested:

http://www.csullender.com/dogecoin/

[1714695048]

1714695048

[roslinpl]

After the last halving price went down quite fast and it was falling down till now...

So... next halving will bring a price @10bits?

[thatguy3]

After the last halving price went down quite fast and it was falling down till now...

So... next halving will bring a price @10bits?

Correlation is not causation.

[lynn_402]

After the last halving price went down quite fast and it was falling down till now...

So... next halving will bring a price @10bits?

And after the first halving price went for 30 to 300 in... a week?
You have to consider that too

Plus, Dogecoin seems quite less overvalued at 36 sat than it was at 120 during the last halving.

[roslinpl]

After the last halving price went down quite fast and it was falling down till now...

So... next halving will bring a price @10bits?

And after the first halving price went for 30 to 300 in... a week?
You have to consider that too

Plus, Dogecoin seems quite less overvalued at 36 sat than it was at 120 during the last halving.

I did consider that too - if you remember (I remember as I wasn't sleeping for few days during that ) it was due to Wolang pump.

Price went up to 300 and never went back to that point.

I am watching Dogecoin from release - December - and I remember very well what was happening

When it was released price was ~250. Then it felt down to ~50 (moment when I bought in) and then due to Wolang manipulations price went up to ~300 in a week (or two - as there was a correction and ~300 again).  And from those times we see only drops.

I must say I truly want Dogecoin to rise up again but with this supply it is pretty sure that it will be very hard to make the value catch the wind.

[lynn_402]

After the last halving price went down quite fast and it was falling down till now...

So... next halving will bring a price @10bits?

And after the first halving price went for 30 to 300 in... a week?
You have to consider that too

Plus, Dogecoin seems quite less overvalued at 36 sat than it was at 120 during the last halving.

I did consider that too - if you remember (I remember as I wasn't sleeping for few days during that ) it was due to Wolang pump.

Price went up to 300 and never went back to that point.

I am watching Dogecoin from release - December - and I remember very well what was happening

When it was released price was ~250. Then it felt down to ~50 (moment when I bought in) and then due to Wolang manipulations price went up to ~300 in a week (or two - as there was a correction and ~300 again).  And from those times we see only drops.

I must say I truly want Dogecoin to rise up again but with this supply it is pretty sure that it will be very hard to make the value catch the wind.

Indeed, that pump to 300 was caused mostly by Wolong. But keep in mind that the price managed to stay between that and 100 sat for many months while the inflation was considerably bigger than what it is now, and when dogecoin was mined and instantly dumped by a big percentage of all scrypt miners.

Imho, you can't consider these past numbers to predict what will happen this summer and beyond, the setting is way too different.

[roslinpl]

You are right that we cannot predict what will happen.

But what I can say is do some math:

and let say price of 1 dogecoin will hit 300bits.

Then dogecoin supply will be worth : 259035BTC

259035BTC * price of 1BTC(at the moment) = $ 161 896 875

And I do believe Dogecoin can hit 300 again.

But I wont believe it will hit more than that ever..

Regards.

[lynn_402]

You are right that we cannot predict what will happen.

But what I can say is do some math:

and let say price of 1 dogecoin will hit 300bits.

Then dogecoin supply will be worth : 259035BTC

259035BTC * price of 1BTC(at the moment) = $ 161 896 875

And I do believe Dogecoin can hit 300 again.

But I wont believe it will hit more than that ever..

Regards.

Well if it does hit that amount, it would still be almost 10x profits for those who bought at this week's low. That's quite good

[roslinpl]

Well if it does hit that amount, it would still be almost 10x profits for those who bought at this week's low. That's quite good

and again I agree with you but .. it is worth to bold "if"

if it does hit that amount - profit will be really good

I will buy some Doges @25 Till then I am just sitting and watching
Like I told before - I was bullish for so long and nothing great came for the value.

[lynn_402]

Well if it does hit that amount, it would still be almost 10x profits for those who bought at this week's low. That's quite good

and again I agree with you but .. it is worth to bold "if"

if it does hit that amount - profit will be really good

I will buy some Doges @25 Till then I am just sitting and watching
Like I told before - I was bullish for so long and nothing great came for the value.

You did say you bought at 50 and was around when it was pumped to 300, didn't you?

Good luck on buying at 25, the order book on Cryptsy looks very bullish right now (More than 100 BTC worth of doges are required to bring the price down to 31, and about 60 BTC worth of buys to bring the price to 59). If it does fall to 25 though, I'll be more than happy to buy with you!

[roslinpl]

You did say you bought at 50 and was around when it was pumped to 300, didn't you?

Good luck on buying at 25, the order book on Cryptsy looks very bullish right now (More than 100 BTC worth of doges are required to bring the price down to 31, and about 60 BTC worth of buys to bring the price to 59). If it does fall to 25 though, I'll be more than happy to buy with you!

Well last time I bought @50 cause somehow I was pretty sure that it was a bottom (and it was).

Now I must say I though again that bottom will be 50 ... and it wasn't ...

That's why I told that I will buy @25 cause maybe then I will believe that 25 is a bottom ... As for now I don't know what to think about it.

The wall can change very quickly as you know.

I see you are very bullish about Dogecoin it is very nice to see that and I hope you will gain your profit for being a bull.

[lynn_402]

You did say you bought at 50 and was around when it was pumped to 300, didn't you?

Good luck on buying at 25, the order book on Cryptsy looks very bullish right now (More than 100 BTC worth of doges are required to bring the price down to 31, and about 60 BTC worth of buys to bring the price to 59). If it does fall to 25 though, I'll be more than happy to buy with you!

Well last time I bought @50 cause somehow I was pretty sure that it was a bottom (and it was).

Now I must say I though again that bottom will be 50 ... and it wasn't ...

That's why I told that I will buy @25 cause maybe then I will believe that 25 is a bottom ... As for now I don't know what to think about it.

The wall can change very quickly as you know.

I see you are very bullish about Dogecoin it is very nice to see that and I hope you will gain your profit for being a bull.

Yeah, it's impossible to know precisely what the bottom or the ath will be, but it seems somewhat easier to predict what the long-term or even mid-term trend will be.
Although I can be wrong

I wish much profits upon you too bearish doge!

[galbros]

I really like dogecoin and wish it the best.  But it does have the problem of Too Many Coins and No Limit Ever on the number of them.  I tend to think of block reward reductions as reductions in the sell pressures on doge rather than as a potential reason for lots of users to rush in and buy.  I still think doge is a survivor coin from the waves of shit coins that we have seen thanks to its community but that does not mean it will be worth a lot in terms of bitcoin.

As a doge bag holder I hope I'm wrong!

Thanks for the link to count down timer and good luck!

[gigalew]

Lots of miners going to abandon doge once the halving occurs I'd imagine.

[alani123]

I see that there is alot of interest by the development team to do something to help the price recover. What in m opinion isn't being discussed enough is that the price is being driven by people's interest. No matter what the developers strugle to do, if the people don't have an interest to buy on a high price the price increase is never going to happen.

[91porn]

I will see what happen

[boxuser]

hrmm interesting, i wonder if Doge will rebound

I will see what happen

[emdje]

Yes we'll have to see. But supply and demand suggests the price would go up after block halving.

[XbladeX]

hard to say even non inflation coins can go down so we will see

[lynn_402]

I see that there is alot of interest by the development team to do something to help the price recover. What in m opinion isn't being discussed enough is that the price is being driven by people's interest. No matter what the developers strugle to do, if the people don't have an interest to buy on a high price the price increase is never going to happen.

Well, if the developpers work hard and find solutions to keep the coin secure, it will indeed be worth more since nobody will have to worry about the coin being attacked.