So i think that doesn’t necessarily stop doge from reaching 1 dollar (although other things do for sure), the doge meme is 10 years old by now it's probably gonna stay for a bit, To be honest i mostly dont believe in it, i just want someone to reassure me, its pretty stressful looking at the charts when i have already sold mine, lol what do you mean fail? I guess but from what i know ether also isnt capped, yet its also promising. The biggest scam of all time is the "pre-order" of Bitcoin equipment with the promise to deliver sometimes in the future. We'll deal with them if they put the system at risk. This is a joke coin – never meant to stay alive this long, nor to reach these market caps and market exposure. Dogecoin fans (nicknamed “shibes”) gathered on the Reddit forum /r/dogecoin. The most amazing place on reddit! Why is the retail investor hivemind pumping up the obscure cryptocurrency with a Shiba dog for a mascot? Why is the value of it going down? Rate this post. It is much safer and profitable selling and renting mining equipment, just like the gold rush in the 1800s, the ones making a killing are the ones selling the shovels and gears. As Dogecoin has hit $0.33 recently, I’ve seen a lot of members in this sub argue back and forth why Dogecoin is a good investment. I think it would be bad for all Crypto Currency if Bitcoin failed, but I do want Dogecoin to succeed. It has … Remember, no currency can survive and no ecosystem is healthy unless everyone is given a chance to participate, hoarding and greed will kill it and turn people away to something else. BTC has a small limit, that's why its value is so big. I guess at least this is what got me into crypto and i learned a bunch. I must credit it provides means for less technical savvy individual to participate but really a lot of them have no business in trading and mining due to their technical limitations and lack of understanding of markets. However it is very hard to dismiss with the concentration of hashing power and the business arise disguised as convenience to suck more and more fiat from those who should not be involved in market speculation, to the powers selling this every diminishing return commodity known as GHash. The silver lining is the by product of all those that's happening: business adoption, more publicity and awareness, I can only hope to see stability to ensure future viability as a currency. 100 - 200 comment karma. This is not about existing markets, it's about moving markets to be completely transparent. Created Dec 8, 2013. r/dogecoin topics. It's generally fun in nature, which is attractive. Im not really that hyped anymore, i know that dogecoin wasnt created to reach any heights. it does exactly what it’s supposed to do and the irony of all you noobs hyping it up is that it’s designed to be inflationary to keep the price low. Meme cryptocurrency Dogecoin (DOGE) has run up nearly 80% in a 24-hour period and is trading above the psychologically important 10 cent mark. ET Wednesday, Dogecoin was up more than 85 … 250 - 500 comment karma. Also from the noble vision of what BTC is to Wall Street greed to average Joe speculating hoping to be the next BTC Millionaire, it feels grim for the currency's future. I'm also holding a good quantity of DOGE in my wallet. You want to know what all those guys with Bitcoin (who understood and believed in the vision before they were paper millionaires, I might add) are going to do with the coins? Dogecoin Price Predictions and a Reddit Rally Redditors proved this week that r/WallStreetBets can pull off the seemingly impossible. While I get what value they are trying to sell (ease of use, cheap power) I don't agree with GOING AGAINST THE GRAIN OF DECENTRALIZATION by centralizing things. Be wise with your words! DOGE won't fail unless all its node operators get boredAre you running a DOGE node?Its price will fall back to its pre-pump levelSo will Bitcoin. If enough people valued a piece of dogshit at 100 dollars per ounce then we could buy lambos with dogshit. Maybe BTC isn't a currency no longer, rather it is a commodity, and I have no issue treating it like one and make peace with it. Then sold 80% of it after realizing that 90% of the doge sub is bots or paid human agents working a PnD. Now that you’ve gotten a handle on the GameStop stock madness, it’s time to learn about Dogecoin. A subreddit for sharing, discussing, hoarding and wow'ing about Dogecoins … The meme-based coin rose by over 11,00 percent in a matter of 48 hours, jolting the crypto community into a series of flashbacks. The much wow innovative crypto-currency. Actually, that's the same advice I would give for any type of investing. When i say i bought into it, i mean less than 4000 doge. The official source for CryptoCurrency News, Discussion & Analysis. If you are thinking about joining the Bitcoin mining, think again. Moons reward posters, commenters, and moderators for their contributions to the subreddit. There are only going to be 2 winners in Bitcoin game: Those top 0.5% of elites who are already hoarding 80% of the Bitcoins, The ASIC equipment manufacturers cashing in. Dogecoin, a digital coin originally founded as a joke, skyrocketed Thursday after a Reddit board talked about making it the cryptocurrency equivalent of GameStop. Look at the first 6 I have listed already, unless you are greedy, if you aren't already onboard with Bitcoin, there is not much incentive for you to start. … Look at the first 6 I have listed already, unless you are greedy, if you aren't already onboard with Bitcoin, there is not much incentive for you to start. 100 - 200 comment karma. share. Learning from Bitcoin, we must strive to avoid all the downfalls. Why, for the Lolz. We need to spread the words to accelerate adoptions, and to show that this is the most viable and stable crypto-currency to ensure confidence, and attract merchants, service providers, and more people to participate and transact in this ecosystem. It is yet to be seen how resilient Bitcoin is, the test is on the horizon, let's wait and see. I don't know of any major development going on to improve it technically or business-wise. Press question mark to learn the rest of the keyboard shortcuts. The price of dogecoin … Correct me if I am wrong, but doge has no real usecase aside from it being fun. But let's say you did put Bitcoin's market cap with Dogecoin's. Just like dollars when you print it infinitely, its value decreases. Hit https://twitter.com/JohnLegere up and tell him as much. I mean its still going up today but i bet the superbowl will be the tipping point. If you are trading crypto. OP, if you're that easily tempted to fomo into a completely useless coin, then it's too early for you to put any real money into this space. Despite Dogecoin regularly riding on the coattails of Bitcoin, Dogecoin is not as hype-sensitive as other digital assets. They would tip each other dogecoins for amusing comments. The guy is nuts. This is a BAD idea for several reasons, but mostly because it serves as a threat against pooling of hashing (compute) power near a centralized power source. Dude i kinda got this sorted out a while ago but thanks still. Timothy B. Lee - Apr 16, 2021 6:56 pm UTC There are plenty of other coins that have at least an end goal, whether it is attainable or not. It is designed to increase its supply at a set absolute rate. Humor will never get old nor go out of style”. , By fail i mean not make redditors and people from twitter rich. If you expected to have a positive ROI (return on investment) at the time you place the order and paid for the ASIC miner, by the time it is delivered to you, you would be making a lot less and perhaps even at a loss. Because there is no limit of how many Doge are created. They aren't charities, they are businesses. Dogecoin is really young, it is up the this community to shape its future. save. Perhaps I worded it poorly. Dogecoin Gearing for the Inevitable Crash. Did i just explain it to myself or is there more to it? Press J to jump to the feed. Those technologies will give rise to autonomous corporations, of which we can all play a part. While Markus’ letter was upvoted over 27,600 times on Reddit, it failed to garner nearly as much popularity as Elon Musk’s tweets on Dogecoin. Personally, my current mission is to get T-Mobile to accept DOGE over SMS for my bill. A subreddit for sharing, discussing, hoarding and wow'ing about Dogecoins. Dogecoin has risen 400 percent in the last week because why not Dogecoin rallied after Elon Musk tweeted a photo of "Doge Barking at the Moon." It’s like buying a stable coin and expecting it to go to $100. Hit up https://bitcoinfoundation.org/ if you want to help. Dogecoin has not seen any major updates since 2015, so any rumour of new features could well lead to an increase in prices. 4 - 5 years account age. I've made over 2BTC by mining and trading DOGE since the day after Christmas. Dogecoin saved my car from a visit to the crusher. What Happened: DOGE traded 79.9% higher at … You are making a very large mistake by speaking for other's feelings with your words. As such, different people have different information regarding Cryptocurrencies. I saw a company present their centralized mining service last night at the SF Bitcoin meetup. 1 - 2 years account age. Yes, there will be a few asshat out there (and there are) who fuck things up now and again. Another industry popped up is "cloud mining" or "hash rate trading". Any company currently in the business of transferring money, writing contracts, executing trades, enforcing rules, or any of the other COMPLETELY INEFFICIENT BULLSHIT the government and it's cronies continue to hoist on us will GO COMPLETELY AWAY with cryptocurrencies and the technologies built on top of them like Ethereum. They … I only had like 10 dollars of doge that i sold yesterday to buy some LTC, but why is everyone so sure that it wont go anywhere? If your equipment was capable of making 1 bitcoin 3 months ago, now it's making you 0.25, and it's going to get a lot worse as the time go by. ), [wow so ^verify]: /u/slasherzx -> /u/yibbiy Ð50.000000 ^Dogecoin(s) __($0.0202894)__ [help]. There are many in Bitcoin who are fundamentally against the very things mentioned in the top two paragraphs. There will be an enormous crash soon and people will lose a lot of money. It is about a plethora of coins, mined by diverse groups of people all over the world, all working in union to fill the different value exchange roles in our lives. About Community. Dogecoin has hit an all-time high in price, prompting fans of the token to celebrate online. Gini Coefficient of 0.88 (http://www.businessinsider.com/bitcoin-inequality-2014-1). Asic resistance is important look into a new coin called VertCoin or VTC, New comments cannot be posted and votes cannot be cast. The purpose for greed, and any actions associated with it, is possibly to deprive others of potential means (perhaps, of basic survival and comfort) or future opportunities accordingly, or to obstruct them therefrom, as a measure of enhanced discretion via majority belongings-having and majority competitive advantage, thus insidious and tyrannical or otherwise having negative connotation. It's probably litecoin that won't be important anymore. The devs are active and have a roadmap (really important). Sure btc is probably the only one guaranteed to go up like gold for example, but i guess since fiat currency also doesnt have a limit it does have value. We use cookies on our websites for a number of purposes, including analytics and performance, functionality and advertising. Because there are 113 BILLION dogecoins, and there are 18 MILLION bitcoins. A subreddit for sharing, discussing, hoarding and wow'ing about Dogecoins. Will admit, I caught the fomo bug also. We need Dogecoin to be in the hands of as many people as possible. Over the past 24 hours, Dogecoin, which started as a 'joke' cryptocurrency based on a popular internet meme, was up more than 40% to about $0.01 per coin. 4.6k. Just because Bitcoin has the largest supply in the market, it doesn’t mean that it is the only Cryptocurrency you can invest in. Per CNN, the cryptocurrency — which was really began as a meme and has existed for close to seven years now — is currently trading for $0.13 cents. We should be working together to fight what we've always been fighting: the pooling of power in a few individual's hands. There could be more reasons as well why Bitcoin could fail. Given the price of BTC rises (and it will, I assure you) I will likely make back several times my investment in mining equipment over the next few months. This article will explain why it will get to $0.50/per coin within 2022. I always thought that it only had worth because it went viral for a day during the pump and dump and then kept some of it’s value from bagholders shilling it, but today and yesterday it seemed pretty stable at an actual high, when usually after reaching it it always dropped from bagholders selling it to minimize their losses at the cost of someone else. If it looks like a pump and dump, if the chart increases like a classic bubble, if it smells like a Wall Street scam, are you sure you want to be involved now? As a secular psychological concept, greed is, similarly, an inordinate desire to acquire or possess more than one needs. Press question mark to learn the rest of the keyboard shortcuts. The biggest threat to Dogecoin is one of their biggest advantages: their use case. We should not be infighting. These are called blaming statements and they are totally not cool because they derail the conversation before it even begins. At its height on February 7, Dogecoin was trading for $0.085 6.1p) per coin, according to crypto data firm CoinMarketCap. It checks all the fundamental boxes. Because Dogecoin future distribution is endless, and so is the supply, most Dogecoin price targets are low compared to projections on other cryptocurrency assets like Bitcoin. Press J to jump to the feed. Dogecoin is an altcoin introduced in 2013 and is primarily used on social media platforms like Twitter and Reddit as a tipping system to reward quality content creator and sharers. They are going to invest in the very techologies that accelerate this future for humanity. I'm also cool with taking my existing cash and buying BTC with it. I've seen them work to educate, the share knowledge and to pass on the passion that is embodied in what will eventually be the biggest revolution in human history. This is just speculation but i wont be buying doge again. This is a currency made for a community that's maturing, this is a currency that has a future. DOGE won't fail unless all its node operators get bored Are you running a DOGE node? As for me, I have mining crates hanging under my house in the crawl space, all of them mining DOGE. Dogecoin (CCC: DOGE-USD) could actually turn into a usable currency for one simple reason. They are distributed monthly and used to weight your vote on polls. There’s no doubt that Dogecoin will reach 50 cents per coin before 2022 ends. This is not about big companies, it is about giving the power back to the people. Forget about "renting" hash rate, if those cloud mining companies could make more Bitcoins mining themselves, why would they "rent" it out for "cheap"? A group of Reddit … It has small scale adoption in the external world. Buy it, and stop looking at it. In late January, when both the GameStop and DogeCoin movements hit their stride, the value of DogeCoin shot up to 7.5 cents, well over a 10-magnification, before … We use cookies on our websites for a number of purposes, including analytics and performance, functionality and advertising. Therefore it makes sense to have a hedge against the market. We need the dev to look for ways to eliminate the potential invasion of ASIC miners to the ecosystem to afford as many people as possible to participate and contribute to the network, and not let the hashing power be concentrated in the hands of the riches and big corporations. That is the centralization and clumping of mining or other services. For me doge is like holding a stock from a company that does and sells nothing. 49 comments. People literally don’t understand the value of memes. Im really kinda FOMOing right now so please talk me out of it. Ultimately, it seems as if the Dogecoin community has changed considerably since its early days. (PS. Gold | 5 months old | QC: CC 72 | NANO 16. Usually referred to as “the internet currency,” it is a digital coin that facilitates peer-to-peer digital transactions in a decentralized manner. Dogecoin is really young, it is up the this community to shape its future. I must admit that Bitcoin has a lot of backing as billions of investment dollars have sunk into promoting, sustaining, and competing for the Bitcoin bounty; if anything were to kill it, it's greed. Stop driving yourself crazy. Bitcoin still got a chance if hoarders wake up and pass the coins into hands of more people while sustaining it. I'm totally cool with that - it is a hobby of sorts to me. #Dogecoin, a cryptocurrency originally started as a joke is up 72%.Reddit is at it again. Why It's a Bad Idea to Buy Dogecoin Now Unless you lost your Internet connection this week, you know what happened to GameStop stock . You hit the nail right on the head there fellow shibe! Here's why one crypto exec says he still isn't buying Published Fri, Apr 16 2021 4:41 PM EDT Updated Fri, Apr 16 2021 5:15 PM EDT Learning from Bitcoin, we must strive to avoid all the downfalls. Members. Why will Dogecoin fail? Cryptocurrency enthusiasts on Reddit think Robinhood — is the owner of a digital wallet stuffed with nearly $2 billion in dogecoin. THAT is what they are going to do with it, nothing more, nothing less. Look at this chart: http://bitcoindifficulty.com A typical delivery time frame is 3 months, and could be longer. It's a fast mechanism for payments. But im just asking since many do have faith in it. That could last a long time, but in the end the aim of a currency is to be used. Its price will fall back to its pre-pump level So will Bitcoin. From noobs who have no idea what they are investing in. We need Dogecoin to be in the hands of as many people as possible. I lost 40 bucks big deal....its the folks who are throwing life savings into this that i feel bad for, especially if they are as noobish as me as they might just miss the boat and be left destitute. Dogecoin (CCC:DOGE-USD) has been in the limelight in 2021. You will 100% lose money. This is not about wealth. As a result, Doge prices don’t drop as sharplty during market downturns. In the process the value will settle itself, where it might be, we must not let greed cloud the vision and kill the chance for this coin to become "the" de facto internet currency it is turning out to be. Dogecoin isn’t as hype-sensitive as other altcoins. As a new coin in the process of proving itself, this is no longer a "joke" coin. Bitcoin's faults have been discussed in length by those far more versed than you and I. I encourage others to conduct their own searches on the Internet and educate yourselves about the technology and what it brings us. I know they are against these things because I've heard them say in person how important what is happening with all crypto currency is to them. Dogecoin is up 400% in the past week. Why? The value of a currency is agreed upon. Dogecoin to the moon.. Dogecoin — a cryptocurrency that uses the Shiba Inu dog for its logo — recently surpassed 10 cents in value for the first time in its history, which is a huge markup from its value of $0.0023 cents back in summer 2020.. Topline. But the problem is, they are Wall Street... Once they pass the coins to the average Joe, they will probably move onto another pump and dump scheme to make more money for themselves. 1.2m. Membership is $25. If you look into Reddit, Facebook, Twitter, and other social networks, you will see that Doge has the second-largest followings after Bitcoin. This is not healthy for the future of Bitcoin. I don't see failure happening. Only time will tell if Dogecoin’s current $5 to $10 billion market cap is sustainable or not. The value of Dogecoin, a cryptocurrency originally invented as a joke, surged Thursday as Reddit traders target it in an attempt to mirror … Online. When its bubble bursts, its price will be about $1. What does it mean? With the help of Reddit and Elon Musk, Dogecoin has increased in value by 600% in the last 24 hours. When its bubble bursts, its price will be about $1 That’s not to say Dogecoin long term price cannot be predicted; it is just that the Dogecoin trend hasn’t always been positive, leaving DOGE future adoption up in the air. Starting the year at just $0.005, Dogecoin was at a record high of $0.0872, or 8.7 cents, by early February. You buy a graphics card and they take it and plug it into their grid. 456. Let's work together to sort through these issues and make a clear stand for what DOGE represents for the world. 1/2. We need early adopters to spread the wealth and increase the velocity of Dogecoin and encourage transactions and give new supporters a chance to participate in this economy and ecosystem. At around 3 a.m. I see a future where people will put Money in Bitcoin for Longterm Storage and for actual spending put money into Dogecoin. From 3 months ago to now, the "difficulty" quadruple. doge is one of the oldest cryptos, its fast, cheap and secure. If what you said is true, it does provide some comfort if those paper wealth are being reinvested back to the ecosystem. Under the elevating expression of a Reddit group, Dogecoin witnessed one of the fastest surges in the crypto space. 1.3m members in the dogecoin community. The most amazing place on reddit! The rest of humanity is looking to you for guidance and advice. You should keep your eye on the Dogecoin Reddit account in an attempt to anticipate any new features or services of Dogecoin that plan to utilize Dogecoin … The most amazing place on reddit! Sit back and learn as much as you can before you try to get into it. It has haters, which all great things have. There is one thing I agree with you on. This is not healthy for the future of Bitcoin. The much wow innovative crypto-currency. By the tone of the room after he presented, I got the distinct impression people weren't in agreement. I'm very grateful you wrote this because it means you are thinking about it and are passionate about it. In short, there is 6,277,678% more dogecoin than bitcoin. Dogecoin would only need to reach $5.72 to be on par with Bitcoin's $34,000 per Bitcoin. Conclusion. Just m2c, For me i only „invested” 10 dollars so its pretty much negligible but still hurts looking at it going up now and seeing i both bought and sold at a terrible time. 3 - 4 years account age. It is about decentralization. So the only thing keeping it afloat is memes and fun. It has a community. The success of crypto depends on users and adoption. This is not about one coin being the 'master coin'. But i get what you mean just dont hate me pls, More posts from the CryptoCurrency community. http://www.businessinsider.com/bitcoin-inequality-2014-1. I’ve even seen a user state “Dogecoin will be #2 soon. Because the current price is just from hype.