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Author Topic: Crazy world. Bitcoin down, Doge Up  (Read 3457 times)
dataispower
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October 02, 2014, 12:13:30 PM
 #41




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?

1. GoCoin:

“GoCoin is the first checkout solution designed to accommodate bitcoin and other popular altcoins like litecoin and dogecoin.”  
https://www.gocoin.com/

PayPal:
https://www.cryptocoinsnews.com/paypal-supporting-litecoin-and-dogecoin-gocoin-ceo-confirms/

Shopify:
https://twitter.com/GoCoinCEO/status/510375124558938112
http://en.wikipedia.org/wiki/Shopify

CheapAir:
http://www.coindesk.com/cheapair-litecoin-dogecoin-flights/

eGifter:
https://coinreport.net/egifter-gocoin-dogecoin-litecoin/

Apriva:
http://www.coindesk.com/apriva-partners-gocoin-offer-bitcoin-altcoin-payments/

2. Currency supply:

Dogecoin and bitcoin estimated inflation rate for the next 10 years.
2015: Bitcoin: 10.00% | Dogecoin: 5.20%
2016: Bitcoin: 9.09%   | Dogecoin: 4.94%
2017: Bitcoin: 4.17%   | Dogecoin:  4.71%
2018: Bitcoin: 4.00%   | Dogecoin:  4.50%
2019: Bitcoin: 3.85%   | Dogecoin: 4.30%
2020: Bitcoin: 3.70%   | Dogecoin: 4.13%
2021: Bitcoin: 1.79%   | Dogecoin: 3.96%
2022: Bitcoin: 1.75%   | Dogecoin: 3.81%
2023: Bitcoin: 1.72%   | Dogecoin:  3.67%
2024: Bitcoin: 1.69%   | Dogecoin:  3.54%

“The goal for the currency is to keep approximately 100 billion coins in circulation - thus after 100 billion Dogecoins are created, rewards will continue at 10k each block. This will help maintain mining and stabilize the number of coins in circulation (considering lost wallets and various other ways coins may be destroyed) at 100 billion.”
https://github.com/dogecoin/dogecoin/issues/23#issuecomment-33893149

3. Security:

Dogecoin reward schedule provides an incentive to keep Dogecoin secure:
http://www.coindesk.com/new-study-low-bitcoin-transaction-fees-unsustainable/

Hashrate:
http://bitinfocharts.com/comparison/hashrate-ltc-doge.html

4. Culture:

Tipping: the potential is to replace “likes” and “upvotes” with tips.

Reddit:
http://media.coindesk.com/2014/04/reddittips.jpg

Facebook:
http://www.cryptocoinsnews.com/facebook-approves-dogecoin-tipping-app/

Twitter:
http://www.forbes.com/sites/matthickey/2014/03/17/such-generosity-most-expensive-tweet-ever-sends-11000-to-kenyan-water-charity-via-dogecoin/

Crowdfunding:

Dogecoin for science:
https://experiment.com/dogecoin

Jamaican Bobsled:
http://mashable.com/2014/01/20/dogecoins-amaica-bobsled-team/

NASCAR:
http://www.theguardian.com/technology/2014/mar/27/nascar-dogecoin-sponsor-josh-wise-talladega-superspeedway

Events:
New York Dogeparty:
http://www.dailydot.com/business/dogecoin-party-new-york-city-bitcoin-doge-wall-street/
http://imgur.com/a/XF0ip

Dogecoin SF 2014:
https://www.eventbrite.com/e/dogecon-sf-by-follow-the-coin-in-partnership-with-the-creator-of-dogecoin-and-the-dogecoin-registration-11325686433?ref=elink

Andreas Antonopoulos speaks at Dogecon SF:
http://www.youtube.com/watch?v=A_cdj8UuBrw

Hackadoge | 24-Hour Dogecoin Hackathon:
http://hackadoge.com/

Charity:
Dogecoin community raises money to send service dogs to kids and families in need:
http://www.theverge.com/2014/2/4/5377984/dogecoin-community-raises-money-to-send-service-dogs-to-kids

Dogecoin community raises more than $30K for clean water in Kenya:
http://www.dailydot.com/news/dogecoin-doge4water-tipping-raised-donations/

Building “Bahay Kubo” in the Philippines:
http://www.reddit.com/r/dogecoin/comments/22th0o/remember_when_we_raised_83_million_dogecoins_in/
http://imgur.com/a/qaik7

Cancer for College:
http://www.prizeo.com/prizes/will-ferrell/a-nice-little-getaway
Will Ferrell thanks the Dogecoin community:
http://www.youtube.com/watch?v=gmt0tJlLOOg

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

5. Video game industry:

Twitch: “Twitch is the world’s leading video platform and community for gamers” www.twitch.tv
DogeTipBot Coming to Twitch, Brings Dogecoin Tipping to its 55 Million Viewers:
http://dcmagnates.com/dogetipbot-coming-to-twitch-brings-dogecoin-tipping-55-million-viewers/

E-sports:
http://www.cryptoarticles.com/crypto-news/dogecoin-enters-the-world-of-esports-today-as-hsel-kicks-off

GXTalks: Dogecoin & Tipping - The Future of Gaming?
https://www.youtube.com/watch?v=ZGperEkgLI4
http://www.gaymerx.com/

Minecraft creator accepts Dogecoin donations for new game:
http://www.theguardian.com/technology/2014/jun/09/minecraft-creator-dogecoin-new-game-cliffhorse

The Dogecoin car is in the official NASCAR video game:
http://www.gameinformer.com/b/news/archive/2014/05/18/dogecoin-sponsored-car-heading-to-nascar-39-14.aspx

6. International awareness:

Unesco: The United Nations Educational, Scientific and Cultural Organization:
Grand Prize winner: Microlending with Dogecoin, India
https://www.youth-competition.org/groups/entrepreneurship-competition-2013/contests/2/1437

India’s central bank acknowledges Dogecoin as virtual currency:
http://www.neowin.net/news/indias-central-bank-acknowledges-dogecoin-as-virtual-currency

Dogecoin Community in China:
http://www.chinadoge.cn/
BitcoinExpo 2014 Shanghai:
http://bitcoinexpo2014.com/speakers/shunbin-zeng/

7. 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/

8. DogeParty:

“Dogeparty is a layer on the Dogecoin network for new coins that foster creativity and promote social good.” www.dogeparty.io
“Dogeparty is faster, because Dogecoin is faster. 10x the speed of Bitcoin. Dogeparty is cheaper, because Dogecoin is cheaper. The transaction cost for Dogecoin is about 1/500th of the Bitcoin transaction cost.”
https://coinreport.net/little-altcoin-sanity-impact-dogeparty/

9. Media Coverage:

Why a Currency Based on an Internet Joke Should Be Taken Seriously:
http://www.americanbanker.com/issues/179_70/why-a-currency-based-on-an-internet-joke-should-be-taken-seriously-1066832-1.html

10 Reason The World Should Absolutely Start Paying Attention To Dogecoin:
http://www.buzzfeed.com/readcommentbackwards/10-reason-the-world-should-absolutely-start-paying-dmjk

Dogecoin Is Going to the Moon, Literally:
http://motherboard.vice.com/read/dogecoin-is-going-to-the-moon-for-real

Kevin Rose (Partner at GoogleVentures) sits down with Jackson Palmer the founder of Dogecoin:
http://techcrunch.com/video/foundation-jackson-palmer-of-dogecoin/518227939/

10. Competent developers:

Flawless Auxiliary Proof of Work implementation:
http://thecoinfront.com/dogecoin-core-1-8-officially-brings-merged-mining-to-dogecoin/

Wallets:

Android:
https://play.google.com/store/apps/details?id=de.langerhans.wallet
Lightweight wallet:
http://www.multidoge.org

Coingecko rating:
Dogecoin: 90
Litecoin: 89
Bitcoin: 98
https://www.coingecko.com/en?sort_by=developer_score

11. User activity:

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

Reddit:
Reddit CEO on Dogecoin:

http://www.quora.com/What-does-Yishan-Wong-think-about-Dogecoin

Alexis Ohanian, founder of reddit:      

https://twitter.com/alexisohanian/status/450453838932082688/photo/1

http://instagram.com/p/nnrI6_mEnD/

Subscribers: 87106

Average Users Online: 307

Average New Hot Posts Per Hour: 2.31

Average New Comments on Hot Posts Per Hour: 147

http://www.reddit.com/r/dogecoin/

Twitter:

https://twitter.com/dogecoin 162479 followers

Facebook:
https://www.facebook.com/OfficialDogecoin 64,258 likes

Dogecoin has more community support than all altcoins combined.

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

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

To the moon!

http://www.youtube.com/watch?v=000al7ru3ms

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October 02, 2014, 12:19:57 PM
 #42

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?

IMO merged mining is the only good thing. Unfortunately, I think current scryptASIC-miners won't be doge holders...  Doge is bitcoin copy for kids.

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October 02, 2014, 12:21:20 PM
 #43

Maybe doge is bubble right now  Wink

dataispower
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October 02, 2014, 12:24:01 PM
 #44

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?

I think current scryptASIC-miners won't be doge holders... 

It doesn't matter, mining pools were dumping doge before.

2. Currency supply:

Dogecoin and bitcoin estimated inflation rate for the next 10 years.

2015: Bitcoin: 10.00% | Dogecoin: 5.20%
2016: Bitcoin: 9.09%   | Dogecoin: 4.94%
2017: Bitcoin: 4.17%   | Dogecoin:  4.71%
2018: Bitcoin: 4.00%   | Dogecoin:  4.50%
2019: Bitcoin: 3.85%   | Dogecoin: 4.30%
2020: Bitcoin: 3.70%   | Dogecoin: 4.13%
2021: Bitcoin: 1.79%   | Dogecoin: 3.96%
2022: Bitcoin: 1.75%   | Dogecoin: 3.81%
2023: Bitcoin: 1.72%   | Dogecoin:  3.67%
2024: Bitcoin: 1.69%   | Dogecoin:  3.54%
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October 02, 2014, 12:34:46 PM
 #45

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.

You're talking about the 100k walls on crypst as pocket change?  Interesting.
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October 02, 2014, 01:49:35 PM
 #46

With paypal adopting Doge it will get huge. But that still dont change fast that is a crapcoin.

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October 02, 2014, 02:45:40 PM
 #47

Funny coin Doge is.

Many coins per minute it makes.

http://www.bitpools.com
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October 02, 2014, 02:52:35 PM
 #48

Funny coin Doge is.

Many coins per minute it makes.

I suppose the most of boys and girls around the world buy this coin only because it's much very wow and has funny doggy on its logo.


davidsocom
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October 02, 2014, 04:01:06 PM
 #49

Funny coin Doge is.

Many coins per minute it makes.

I suppose the most of boys and girls around the world buy this coin only because it's much very wow and has funny doggy on its logo.




Exactly!
boys and especially girls I guess love the logo and have chosen DOGE for that reason!

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October 03, 2014, 05:39:45 AM
 #50

With paypal adopting Doge it will get huge. But that still dont change fast that is a crapcoin.

Why you think is crapcoin. Have more then i need and this will be third time to seel it and then again wait for it to fall buy and sell.

I past 7-8 months I make 0.5BTC and this coin trade.

Also know few that made even more. It good coin and have good community and support.



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October 03, 2014, 05:42:13 AM
 #51

Interesting coin.

Have anyone knows any good faucet with this coin except freedoge.co.in

I will appreciate this post it here.

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October 03, 2014, 05:44:36 AM
 #52

With paypal adopting Doge it will get huge. But that still dont change fast that is a crapcoin.

This is good. Price will go little up.


Quote
Have anyone knows any good faucet with this coin except freedoge.co.in

Try this list have 15 or more faucets all doge you will get from 1-5 on each faucet so u will make 15 - 75 doge a day.

http://cryptofaucet.us/faucetlist.php?coin=DOGE

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October 03, 2014, 08:58:28 AM
 #53

Maybe doge is bubble right now  Wink

It is and always has been.

dataispower
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October 03, 2014, 09:47:38 AM
 #54

Maybe doge is bubble right now  Wink

It is and always has been.

Cryptocurrency = speculative market.

Always check the facts before making any decisions.
PoS
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October 03, 2014, 12:38:43 PM
 #55

Maybe doge is bubble right now  Wink

It is and always has been.

Cryptocurrency = speculative market.

Always check at the facts before making any decisions.

Facts dont help its a lot of speculation

dataispower
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October 03, 2014, 01:30:53 PM
 #56

Maybe doge is bubble right now  Wink

It is and always has been.

Cryptocurrency = speculative market.

Always check at the facts before making any decisions.

Facts dont help its a lot of speculation

Facts are the only thing you can count on. If you don't do the homework, than you're just gambling.
Holysmoke
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October 03, 2014, 04:45:55 PM
 #57

what are the facts?

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October 07, 2014, 08:23:57 AM
 #58

Some other alts are going up but bit is going down agian.

This is crazy world after all.



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bajlox
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October 07, 2014, 08:25:07 AM
 #59

Maybe doge is bubble right now  Wink

It is and always has been.

Cryptocurrency = speculative market.

Always check at the facts before making any decisions.

Facts dont help its a lot of speculation

Facts are the only thing you can count on. If you don't do the homework, than you're just gambling.

Life is gamble always.
This is not just facts and gamble its much worse.

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