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Author Topic: Crazy world. Bitcoin down, Doge Up  (Read 3490 times)
bajlox
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October 02, 2014, 06:10:40 AM
 #21

What is this doge is dropping a little is this another fake.
Or this is just end of not just doge but all script.

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October 02, 2014, 06:33:32 AM
 #22

When DOGE is going down, people think that its a badly-designed joke meme coin that had its fun, but soon will be completely dead.

When DOGE is going up, people start thinking that it actually has a shot to eclipse Bitcoin and completely take over the financial world someday.   Roll Eyes

Personally I don't think it will completely die (you can thank Coblee for resurrecting it from the dead with LTC AuxPOW, God only knows why he bothered).  But I don't think it will get far beyond a niche group of enthusiasts either.  The same can be said for hundreds of other alts, they'll still be around too.



Some of the other alts will survive, but I don't think any of them can come close to Bitcoin.
First mover advantage is huge in the cryptocurrency space. Smiley


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dedcoin
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October 02, 2014, 10:10:08 AM
 #23

Still 500% in 1month is gigantic, only happens during bubbles.
I am mildly-bullish, I don't see BTC going 500% in the next bubble.. at best we go back to $1100 before a gia-normous dump (expect it from all those who are regretting that they bought in the first place).

First bitcoin bought at $70
dataispower
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October 02, 2014, 10:24:12 AM
 #24

If you want to know why:

https://bitcointalk.org/index.php?topic=800004.0

 Wink
dedcoin
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October 02, 2014, 11:25:15 AM
 #25


I can write a similar post for by %s/dogecoin/litecoin/g
and yet litecoin is pinned to bitcoin

I am almost tempted to switch my savings to ltc.

First bitcoin bought at $70
dataispower
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October 02, 2014, 11:34:55 AM
 #26


I can write a similar post for by %s/dogecoin/litecoin/g
and yet litecoin is pinned to bitcoin

I am almost tempted to switch my savings to ltc.


In my opinion Dogecoin is extremely undervalued. You really just need to look at the facts.

Don’t invest more than you can afford to lose.
Wilhelm
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October 02, 2014, 11:38:50 AM
 #27


I can write a similar post for by %s/dogecoin/litecoin/g
and yet litecoin is pinned to bitcoin

I am almost tempted to switch my savings to ltc.


In my opinion Dogecoin is extremely undervalued. You really just need to look at the facts.

Don’t invest more than you can afford to lose.

Dogecoin *inside cry*

Bitcoin is like a box of chocolates. You never know what you're gonna get !!
oyvinds
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October 02, 2014, 11:42:51 AM
 #28

One thing to be very aware of when it comes to DOGE: Liquidity - it does not have any.

Sure, the price may be X but if you want to actually sell more than pocket change then you will quickly learn that what you are actually able to sell it for is X minus 10-20%.

BTC is king because it has liquidity, if you want to buy or sell $100.000 worth then you can do so without much slippage. Try buying or selling the same amounts worth in any altcoin and you'll find that you can't without significantly moving the market. This is why DOGE price movements do not impress me.

Also.. look at #dogecoin on IRC. "OMG THERE IS A 10 BTC WALL" they say.. as if 10 BTC is any amount worth caring about.

Favorite trading platform: Bitfinex (https://bitfinex.com/?refcode=lOsL9kXEyQ) | yuri <3 (https://www.youtube.com/watch?v=CHxzQki9nXCool | SNSD <3 (https://www.youtube.com/watch?v=58kKUWS9ZZc) | What is false-flag terrorism? (http://www.911hardfacts.com/) | What is "ISIS"? (http://rt.com/op-edge/168064-isis-terrorism-usa-cia-war/) |  Who shot down MH-17? (http://www.infowars.com/nato-exercise-in-ukraine-coincided-with-mh-17-shoot-down/)
Holysmoke
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October 02, 2014, 11:45:15 AM
 #29


I can write a similar post for by %s/dogecoin/litecoin/g
and yet litecoin is pinned to bitcoin

I am almost tempted to switch my savings to ltc.


In my opinion Dogecoin is extremely undervalued. You really just need to look at the facts.

Don’t invest more than you can afford to lose.

undervalued? Isn't it just digital created out of thin air not backed by anything?
dataispower
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October 02, 2014, 11:47:45 AM
 #30

One thing to be very aware of when it comes to DOGE: Liquidity - it does not have any.

Sure, the price may be X but if you want to actually sell more than pocket change then you will quickly learn that what you are actually able to sell it for is X minus 10-20%.

BTC is king because it has liquidity, if you want to buy or sell $100.000 worth then you can do so without much slippage. Try buying or selling the same amounts worth in any altcoin and you'll find that you can't without significantly moving the market. This is why DOGE price movements do not impress me.

Also.. look at #dogecoin on IRC. "OMG THERE IS A 10 BTC WALL" they say.. as if 10 BTC is any amount worth caring about.

Early adoption stage:

Date of introduction
Dogecoin Date of introduction:  8 December 2013
Litecoin Date of introduction:     7 October 2011
Bitcoin Date of introduction:     3 January 2009

Market Cap comparison:
http://cryptmarketcap.com/

Dogecoin has the highest usage of any altcoin, including Litecoin. (excluding off-chain tipping).
http://bitinfocharts.com/charts.html

Dogecoin has more community support than all altcoins combined.

http://en.wikipedia.org/wiki/Network_effect
dataispower
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October 02, 2014, 11:48:57 AM
 #31


I can write a similar post for by %s/dogecoin/litecoin/g
and yet litecoin is pinned to bitcoin

I am almost tempted to switch my savings to ltc.


In my opinion Dogecoin is extremely undervalued. You really just need to look at the facts.

Don’t invest more than you can afford to lose.

undervalued? Isn't it just digital created out of thin air not backed by anything?

Dogecoin has more community support than all altcoins combined.

http://en.wikipedia.org/wiki/Network_effect

Backed by the community.
Elwar
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October 02, 2014, 11:50:43 AM
 #32

I prefer All Your Base coins. Much more classy meme based coin.


Get involved in the world's first seastead: http://www.varyon.io
dataispower
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October 02, 2014, 11:54:46 AM
 #33

I prefer All Your Base coins. Much more classy meme based coin.



About the meme:

Brand:

Dogecoin is a currency that was born on the internet and it is a part of the internet culture.
http://en.wikipedia.org/wiki/Doge_%28meme%29

Dogecoin started as a joke. Absurdity and fun kept dogecoin in the top 10 cryptocurrencies in the “hyperinflation” phase. Community that remains passionate and doesn’t abandon the coin under high selling pressure from mining pools is a rare thing to find.

The culture is the main reason why many people prefer dogecoin over others, and it also what attracts a broader demographic that wouldn’t touch cryptocurrency otherwise.

Dogecoin is considered a beginner’s coin because of how easy and fun it is to use it.

http://dogecoin.com
Elwar
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October 02, 2014, 12:00:38 PM
 #34

So funny is the dog coin.

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fonzie
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October 02, 2014, 12:01:36 PM
 #35

A little birdy told me that DOGE is going to 1000 Satoshi  Cool Cool Shocked Shocked

"To know death, Otto, you have to fuck life in the gallbladder"
www.hsbc.com  - The world´s local bank
"These FUDsters are insane egomaniacs that just want cheap BTC" - oblivi
dataispower
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October 02, 2014, 12:04:16 PM
 #36

A little birdy told me that DOGE is going to 1000 Satoshi  Cool Cool Shocked Shocked


High-risk, high-reward.

In my opinion it is more probable for Dogecoin to gain half of bitcoin market cap, than for bitcoin to show the same amount of growth in the same period of time.

But as always, don’t invest more than you can afford to lose.
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October 02, 2014, 12:05:16 PM
 #37

I was actually sad when doge dying. Before that I didn't like it, because its fundamentals were so bad (and still are). Now I'm kind of happy it is rising. At least, the network is quite secure because of merged mining etc.

Still, doge is a joke. Newbies, don't get too greedy  Grin

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October 02, 2014, 12:06:55 PM
 #38




In my opinion it is more probable for Dogecoin to gain half of bitcoin market cap, than for bitcoin to show the same amount of growth in the same period of time.


What are you smoking?

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fonzie
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October 02, 2014, 12:09:47 PM
 #39




In my opinion it is more probable for Dogecoin to gain half of bitcoin market cap, than for bitcoin to show the same amount of growth in the same period of time.


What are you smoking?

I think i know his dealer:



http://www.youtube.com/watch?v=c2mJQ-BRmmg

"To know death, Otto, you have to fuck life in the gallbladder"
www.hsbc.com  - The world´s local bank
"These FUDsters are insane egomaniacs that just want cheap BTC" - oblivi
dataispower
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October 02, 2014, 12:12:11 PM
 #40

its fundamentals were so bad (and still are). Now I'm kind of happy it is rising. At least, the network is quite secure because of merged mining etc.


Can you explain why you think the fundamentals are bad?
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