The success of crypto depends on users and adoption. 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. I guess but from what i know ether also isnt capped, yet its also promising. Because there is no limit of how many Doge are created. Dude i kinda got this sorted out a while ago but thanks still. Why? Those technologies will give rise to autonomous corporations, of which we can all play a part. When its bubble bursts, its price will be about $1. There are many in Bitcoin who are fundamentally against the very things mentioned in the top two paragraphs. You buy a graphics card and they take it and plug it into their grid. By the tone of the room after he presented, I got the distinct impression people weren't in agreement. I'm totally cool with that - it is a hobby of sorts to me. A group of Reddit … 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? We use cookies on our websites for a number of purposes, including analytics and performance, functionality and advertising. A subreddit for sharing, discussing, hoarding and wow'ing about Dogecoins … The most amazing place on reddit! 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. It is designed to increase its supply at a set absolute rate. Did i just explain it to myself or is there more to it? They are distributed monthly and used to weight your vote on polls. Rate this post. This is not about big companies, it is about giving the power back to the people. 250 - 500 comment karma. #Dogecoin, a cryptocurrency originally started as a joke is up 72%.Reddit is at it again. Personally, my current mission is to get T-Mobile to accept DOGE over SMS for my bill. Yes, there will be a few asshat out there (and there are) who fuck things up now and again. THAT is what they are going to do with it, nothing more, nothing less. 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." 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. It's generally fun in nature, which is attractive. But im just asking since many do have faith in it. The value of a currency is agreed upon. Now that you’ve gotten a handle on the GameStop stock madness, it’s time to learn about Dogecoin. Dogecoin, a digital coin originally founded as a joke, skyrocketed Thursday after a Reddit board talked about making it the cryptocurrency equivalent of GameStop. This is not healthy for the future of Bitcoin. , By fail i mean not make redditors and people from twitter rich. BTC has a small limit, that's why its value is so big. (PS. Will admit, I caught the fomo bug also. Perhaps I worded it poorly. 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. Its price will fall back to its pre-pump level So will Bitcoin. 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. 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. But let's say you did put Bitcoin's market cap with Dogecoin's. I think it would be bad for all Crypto Currency if Bitcoin failed, but I do want Dogecoin to succeed. When its bubble bursts, its price will be about $1 Ultimately, it seems as if the Dogecoin community has changed considerably since its early days. A subreddit for sharing, discussing, hoarding and wow'ing about Dogecoins. Dogecoin has not seen any major updates since 2015, so any rumour of new features could well lead to an increase in prices. save. Why will Dogecoin fail? 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. Stop driving yourself crazy. That could last a long time, but in the end the aim of a currency is to be used. I'm also holding a good quantity of DOGE in my wallet. Because there are 113 BILLION dogecoins, and there are 18 MILLION bitcoins. 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 … 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. This is not about existing markets, it's about moving markets to be completely transparent. 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. Buy it, and stop looking at it. Hit https://twitter.com/JohnLegere up and tell him as much. They aren't charities, they are businesses. 1/2. Dogecoin has hit an all-time high in price, prompting fans of the token to celebrate online. Dogecoin is really young, it is up the this community to shape its future. Starting the year at just $0.005, Dogecoin was at a record high of $0.0872, or 8.7 cents, by early February. What does it mean? If you are trading crypto. There could be more reasons as well why Bitcoin could fail. 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. As a secular psychological concept, greed is, similarly, an inordinate desire to acquire or possess more than one needs. If you are thinking about joining the Bitcoin mining, think again. I guess at least this is what got me into crypto and i learned a bunch. The biggest threat to Dogecoin is one of their biggest advantages: their use case. 1.2m. Therefore it makes sense to have a hedge against the market. Forget about "renting" hash rate, if those cloud mining companies could make more Bitcoins mining themselves, why would they "rent" it out for "cheap"? Dogecoin (CCC: DOGE-USD) could actually turn into a usable currency for one simple reason. They would tip each other dogecoins for amusing comments. 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. I've made over 2BTC by mining and trading DOGE since the day after Christmas. 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. They are going to invest in the very techologies that accelerate this future for humanity. Look at this chart: http://bitcoindifficulty.com A typical delivery time frame is 3 months, and could be longer. 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. As such, different people have different information regarding Cryptocurrencies. 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. You will 100% lose money. The devs are active and have a roadmap (really important). 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. Dogecoin Price Predictions and a Reddit Rally Redditors proved this week that r/WallStreetBets can pull off the seemingly impossible. I see a future where people will put Money in Bitcoin for Longterm Storage and for actual spending put money into Dogecoin. I saw a company present their centralized mining service last night at the SF Bitcoin meetup. They … As a result, Doge prices don’t drop as sharplty during market downturns. This is a joke coin – never meant to stay alive this long, nor to reach these market caps and market exposure. From 3 months ago to now, the "difficulty" quadruple. Why is the retail investor hivemind pumping up the obscure cryptocurrency with a Shiba dog for a mascot? Another industry popped up is "cloud mining" or "hash rate trading". Timothy B. Lee - Apr 16, 2021 6:56 pm UTC The official source for CryptoCurrency News, Discussion & Analysis. 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. Online. 49 comments. ET Wednesday, Dogecoin was up more than 85 … 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 . 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. This is a currency made for a community that's maturing, this is a currency that has a future. Dogecoin saved my car from a visit to the crusher. 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 what you said is true, it does provide some comfort if those paper wealth are being reinvested back to the ecosystem. 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. Under the elevating expression of a Reddit group, Dogecoin witnessed one of the fastest surges in the crypto space. There will be an enormous crash soon and people will lose a lot of money. What Happened: DOGE traded 79.9% higher at … 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. 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. Topline. It has small scale adoption in the external world. Correct me if I am wrong, but doge has no real usecase aside from it being fun. We use cookies on our websites for a number of purposes, including analytics and performance, functionality and advertising. 456. Members. Press J to jump to the feed. DOGE won't fail unless all its node operators get bored Are you running a DOGE node? But i get what you mean just dont hate me pls, More posts from the CryptoCurrency community. Meme cryptocurrency Dogecoin (DOGE) has run up nearly 80% in a 24-hour period and is trading above the psychologically important 10 cent mark. It is yet to be seen how resilient Bitcoin is, the test is on the horizon, let's wait and see. Dogecoin is up 400% in the past week. With the help of Reddit and Elon Musk, Dogecoin has increased in value by 600% in the last 24 hours. The most amazing place on reddit! 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. 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. There’s no doubt that Dogecoin will reach 50 cents per coin before 2022 ends. This is just speculation but i wont be buying doge again. The rest of humanity is looking to you for guidance and advice. Press question mark to learn the rest of the keyboard shortcuts. As for me, I have mining crates hanging under my house in the crawl space, all of them mining DOGE. Conclusion. The price of dogecoin … Why is the value of it going down? The biggest scam of all time is the "pre-order" of Bitcoin equipment with the promise to deliver sometimes in the future. doge is one of the oldest cryptos, its fast, cheap and secure. You hit the nail right on the head there fellow shibe! About Community. Why, for the Lolz. 100 - 200 comment karma. That is the centralization and clumping of mining or other services. Asic resistance is important look into a new coin called VertCoin or VTC, New comments cannot be posted and votes cannot be cast. We'll deal with them if they put the system at risk. People literally don’t understand the value of memes. Im really kinda FOMOing right now so please talk me out of it. 1 - 2 years account age. If you look into Reddit, Facebook, Twitter, and other social networks, you will see that Doge has the second-largest followings after Bitcoin.