Ok Dogecoin...You Got Me!

 

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Wired in 10k to get around 7.5 million Doge. Down about $500 right now but ...
  1. #1
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    Default Ok Dogecoin...You Got Me!

    Wired in 10k to get around 7.5 million Doge. Down about $500 right now but I had to go in a little higher than current market rate in order fill my 10k buy. I really don't care if it rises or falls a few k. I made this play in hopes of it skyrocketing in the future...and that's it. If it tanks to nothing then I already accepted that fact too. I plan to either withdrawal a shit ton of money in the future or have it sink to 0...there will probably be no middle ground for me.

    I know Doge started as a joke. However, the perception of it is anything but. I'm not investing on the viability of it being used in our everyday lives. I'm investing on momentum, perception, hype and the illusion of it. Like Gordon Gekko said, "This painting here? I bought it ten years ago for sixty thousand dollars. I could sell it today for six hundred. The illusion has become real, and the more real it becomes, the more desperately they want it."
    Last edited by Elliot305; 02-08-2014 at 02:45 PM.

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    mwgllc is offline Registered Member
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    Default Re: Ok Dogecoin...You Got Me!

    Hmm, as long as you are prepared to lose it all.

    If I had to choose, I'd have put that 10k in Litecoin or Bitcoin.

    But, look what happened to Bitcoin. You could be a millionaire in 5 or 6 years.

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    Default Re: Ok Dogecoin...You Got Me!


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    Default Re: Ok Dogecoin...You Got Me!

    Welcome to the craze. Lol. I've been mining now for about a month, and the amount of growth that I've seen from this coin in that short period of time is amazing. I actually stayed away from this coin at first because I thought it would just come and go very quickly. I don't know exactly how or why, although I assume the strong Reddit community and following helps, but it not only never went away, but it just grew and grew. I won't get into the technical mining numbers, but it's staggering. The difficulty, which determines how hard it is to mine them has more than tripled, along with the amount of people trying to mine it. The price at one point had jumped up to almost 5x where it was the day I started, it's leveled out now a bit lower though. Definitely an interesting time.

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    Default Re: Ok Dogecoin...You Got Me!

    I'd like to create a cryptocurrency. Seems fun, but how does it hold a real monetary value?

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    Default Re: Ok Dogecoin...You Got Me!

    I like the fact that they have weird marketing tactics and stand out more. Sure, I could have invested in many safer coins but my potential returns would be a lot less. I look for home runs with all my campaigns so I'm not going to deviate from that mindset with investing in coins either.
    Last edited by Elliot305; 02-08-2014 at 03:08 PM.

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    Default Re: Ok Dogecoin...You Got Me!

    fucking NICE! It's a good Investment in my eyes. This coin is NOT done rising for sure! Just wait a year and you will see a substantial profit!

    I only bought 180k so far. Lost 40k on some gambling site... Too stupid :P So don't play those games, even if you're bored! haha

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    Default Re: Ok Dogecoin...You Got Me!

    Already bought 10 doges! ahah

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    Default Re: Ok Dogecoin...You Got Me!

    Quote Originally Posted by Elliot305 View Post
    Sure, I could have invested in many safer coins but my potential returns would be a lot less.
    Congrats on your investment, but always remember, past performance is not a indicator for future results. Some things to consider when investing in cryptocurrencies.


    • Am I investing before or after the bubble?
    • Is there more people entering the market vs leaving?
    • Are there innovative features being developed for the coin to bring in new investors?
    • Who is the target audience? Big money, small money?
    • Are merchants adopting this coin?
    • Will the infastructure continue to grow?


    If you paid for your altcoin in bitcoin, and looking at doge/btc to determine profits, your making a bet that the market cap of the altcoin, will grow more rapidly than the bitcoin market cap, in terms of percentage growth over a period of time. If the coin is brand new, and the userbase is rapidly growing, your bound to make money.

    Bitcoin bubbles on average once every 6 months or so. Litecoin is about the same. Typically, the price will slowly go down after the bubble, and will rise again once the new bubble starts. And this is if the coin hasn't hit its peak potential.

    Congrats on investing in cryptocurrency. Investing in trending coins is a good method if you play it right, but get in before or during the trend to be safe. Timing your entry and exit is the most important factors.

    By the way: Check out Counterparty (Symbol:XCP). Its a new platform/coin that the investment period just ended. It has its own inbuilt distributed exchange, with no counterparty risk. It also just rose 700% in the past few days. It has a GUI client coming out on February 14, and it is yet to be listed on CoinMarketCap. And you can bet once it does, it will rise even more from the exposure. It competes with Mastercoin for the marketshare of decentralized stock market platforms in the cryptocurrency industry. It has all the features of MSC already working, while MSC has none working, with a market cap 3 times smaller than MSC. http://blockscan.com is the block explorer for XCP, and you can see all the assets created, and the distributed exchange orders there. I think this one shows alot of promise as well.
    Last edited by Patel; 02-08-2014 at 03:27 PM.

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    Default Re: Ok Dogecoin...You Got Me!

    I believe doge will go to the moon in the following weeks as well especially with the olympics going on. I don't know if you got involved with the new coin that hit yesterday or the day before (maxcoin) but I would stay away from it. It peaked at about 03 and then tanked when everyone dumped the coin. The launch was stupid crazy and most pools were hit or miss when it came to the miner

    Doge is here to stay. I did small trades between the 160-180 mark but I haven't seen it go that high in a few weeks. It did bump to 170 the other day. I have a sell order in for that but missed it then. Was that you that spiked it on Wednesday?

    Also, don't invest in XCP long term. Based on its algorithm it enables "double spend" of BTC inflating XCP. But even if that could be avoided nobody in their right mind should burn an established coin in return for something else. That would be like saying burn your american money in exchange for these pop-rocks.

    You get the idea. But avoid it.
    Happy Trading

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    Default Re: Ok Dogecoin...You Got Me!

    Quote Originally Posted by HerpDerpSlerp View Post
    I believe doge will go to the moon in the following weeks as well especially with the olympics going on. I don't know if you got involved with the new coin that hit yesterday or the day before (maxcoin) but I would stay away from it. It peaked at about 03 and then tanked when everyone dumped the coin. The launch was stupid crazy and most pools were hit or miss when it came to the miner

    Doge is here to stay. I did small trades between the 160-180 mark but I haven't seen it go that high in a few weeks. It did bump to 170 the other day. I have a sell order in for that but missed it then. Was that you that spiked it on Wednesday?

    Also, don't invest in XCP long term. Based on its algorithm it enables "double spend" of BTC inflating XCP. But even if that could be avoided nobody in their right mind should burn an established coin in return for something else. That would be like saying burn your american money in exchange for these pop-rocks.

    You get the idea. But avoid it.
    Happy Trading
    No, I just got in yesterday. Thanks for the tips. I plan on staying with Doge all the way (for the better or worse).

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    Default Re: Ok Dogecoin...You Got Me!

    Quote Originally Posted by Elliot305 View Post
    No, I just got in yesterday. Thanks for the tips. I plan on staying with Doge all the way (for the better or worse).
    Since you invested USD, your bound to make a positive ROI on any cryptocoin. Money that flows into Bitcoin trickles down into alts.

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    Default Re: Ok Dogecoin...You Got Me!

    Nice! I only see it going up with slight dips here and there, I'm invested so I'm biased but there are some promising things happening.
    “There are only two things wrong with money: too much or too little.” ― Charles Bukowski

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    Default Re: Ok Dogecoin...You Got Me!

    At least you've got 10k to invest in Dogecoin!

    Must be doing something right

    - A

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    Default Re: Ok Dogecoin...You Got Me!

    almost every single crypto currency is dropping right now, lets hope you made the right choice and it goes up soon.

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    Default Re: Ok Dogecoin...You Got Me!

    Quote Originally Posted by Numbuh362 View Post
    almost every single crypto currency is dropping right now, lets hope you made the right choice and it goes up soon.
    I never thought that these newer cryptocurrency's would be as big as BTC, that's why I never invested. Then again, you never know, it's just the fact that there's so many now that it's getting kind of ridiculous.

    - A

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    Default Re: Ok Dogecoin...You Got Me!

    I am looking forward to seeing your millions and want to see proof!

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    Default Re: Ok Dogecoin...You Got Me!

    Quote Originally Posted by Numbuh362 View Post
    almost every single crypto currency is dropping right now, lets hope you made the right choice and it goes up soon.
    Yeah, I'm down around $1500 right now. Like I said, I don't care too much about the day-to-day fluctuations of it dropping or raising a few k.

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    Default Re: Ok Dogecoin...You Got Me!


    It seems that you really are prepared to gamble it, so good luck.


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    Default Re: Ok Dogecoin...You Got Me!

    All coins going doing atm, just have some patience.


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    Default Re: Ok Dogecoin...You Got Me!

    I purchased a small amount of 40K just in case, you can never be too sure :P

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    Default Re: Ok Dogecoin...You Got Me!

    Well, I just purchased 200k more... 380k total now :P

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    Default Re: Ok Dogecoin...You Got Me!

    I am just gonna say that all I need is Doge to be at least $1 in the next 6- 12 months...

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    Default Re: Ok Dogecoin...You Got Me!

    Quote Originally Posted by SkyrocketSEO View Post
    I am just gonna say that all I need is Doge to be at least $1 in the next 6- 12 months...
    Even in the cents range would be just fine with me

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    Default Re: Ok Dogecoin...You Got Me!

    As it has always been, you need the nerve and the gamblers blood.
    You are like a farmer who saws and now depending on the weather.. Hope it rains for you so that you reap good.
    Cheers

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    Default Re: Ok Dogecoin...You Got Me!

    The "Halvening" is happening in 5 days and the price of dogecoin is could rise by 50%..

    Explanation: http://www.reddit.com/r/dogecoin/com...5_days/cfa9oqo

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    Default Re: Ok Dogecoin...You Got Me!

    Quote Originally Posted by Puppetmagic View Post
    As it has always been, you need the nerve and the gamblers blood.
    Very true. I think of myself of having nerves of steel when it comes to gambling. Oooohhhh, the stories I could tell, lol.

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    Default Re: Ok Dogecoin...You Got Me!

    i got myself about 40k points about a month ago, pretty much having the same idea as you, but in much lower scale

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    Default Re: Ok Dogecoin...You Got Me!

    Gotta take risks to see major rewards. Good luck!
    Whatttttttttttttt??

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    Default Re: Ok Dogecoin...You Got Me!

    Can I buy 100 USD's worth?

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    Default Re: Ok Dogecoin...You Got Me!

    We put some of our clients' funds in DOGE. Great returns so far, when we feel it's safe and worthwhile to open a DOGE position.
    This member has been permanently banned from BHW.

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    Default Re: Ok Dogecoin...You Got Me!

    Good luck OP. Like someone else said, you must be doing something right if you have 10K to invest in Doge Coin. I would probably go into shock if I invested that much money.

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    Default Re: Ok Dogecoin...You Got Me!

    EDIT: [Post removed and used to create a new thread]
    To OP, good luck with your gamble! Hopefully it becomes an investment for you! All the best!

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    Default Re: Ok Dogecoin...You Got Me!

    Quote Originally Posted by artizhay View Post
    We put some of our clients' funds in DOGE. Great returns so far, when we feel it's safe and worthwhile to open a DOGE position.
    It's great to hear an investment manager and a payment processor saving the funds in virtual currencies.
    I'm sure you've heard of risk diversification? Try to spread out the funds over all available virtual currencies to eliminate as much risks as possible.
    You should also buy my new coin SkamCoin which will be coming out soon, much norisk.

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    Default Re: Ok Dogecoin...You Got Me!

    Quote Originally Posted by Junkfood00 View Post
    I'm sure you've heard of risk diversification? Try to spread out the funds over all available virtual currencies to eliminate as much risks as possible.
    You should also buy my new coin SkamCoin which will be coming out soon, much norisk.
    I really don't care about mitigating my risk since I'm prepared to lose it all. I care about getting the biggest rewards/upside and I believe this coin has a chance of producing that. Not saying other coins can't generate decent returns though. I would have implemented the same strategy on BTC back when it was trading at really low numbers. Missed my chance there and will not repeat the same mistake for Doge.
    Last edited by Elliot305; 02-09-2014 at 12:09 PM.

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    Default Re: Ok Dogecoin...You Got Me!

    Depending on where it's at tomorrow morning, I may wire another 5-10k. Up a couple hundred now from being down $1500 yesterday so I'm back on the profit side of it. If it drops back down to .0011 then I'm doing another 10k for sure. If it stays between .0012 to .0013 then I'll do 5k and if it's above that I'll just hold off for a few days.

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    Default Re: Ok Dogecoin...You Got Me!

    Quote Originally Posted by Puppetmagic View Post
    As it has always been, you need the nerve and the gamblers blood.
    You are like a farmer who saws and now depending on the weather.. Hope it rains for you so that you reap good.
    Cheers
    Or trading his cows for magic beans...

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    Default Re: Ok Dogecoin...You Got Me!

    you did the right thing with your investment. Dogecoin blocks are halving this week and since the majority of mining is done by multi pools there will be less to go around so the price will almost double. I predicted this last week and it is starting to show on the markets. Reddit mentioned it as well which is helping. You should now see a +ROI in your portfolio.

    This is a buy order I held from last week. I would get a nice profit if I sold now but I am selling @220
    BUY: @0.00000160 BTC | DOGE: 1430000 PRICE: | 2.2925760 BTC

    There will be a bubble but it will settle out above what you bought yours for.
    Good Times

  49. #39
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    Default Re: Ok Dogecoin...You Got Me!

    looks like its currently dropping a bit since its high earlier today, do you think it will drop much more? looking to buy more DOGE but not sure how long I should wait (talking about hours here not days)
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    Default Re: Ok Dogecoin...You Got Me!

    Going to drop some cash on Dogecoins later today I'm still kicking myself for not buying Bitcoins when they were really cheap.

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    Default Re: Ok Dogecoin...You Got Me!

    Quote Originally Posted by cool.dude123 View Post
    looks like its currently dropping a bit since its high earlier today, do you think it will drop much more? looking to buy more DOGE but not sure how long I should wait (talking about hours here not days)
    0.00000185 Buy 2800000.0000000 5.00900000

    Just put another buy order in to catch another drop like that for 5 BTC. Yes I say purchase it. the fun is far from over

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    Default Re: Ok Dogecoin...You Got Me!

    I just picked up 27,000 DOGE. I know it's tiny, compared to the OP, but hey, it was my first ever cryptocurrency purchase!
    I'm sure I'll continue to buy them.
    Also, I have my sights on a few other cryptos, as well. We'll see how it all pans out! I'm excited.

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    Default Re: Ok Dogecoin...You Got Me!

    Wow, people are actually buying a joke coin. This world never ceases to amaze me.
    +

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    Default Re: Ok Dogecoin...You Got Me!

    Quote Originally Posted by small_town_boy View Post
    Wow, people are actually buying a joke coin. This world never ceases to amaze me.
    Joke or not. There is money to be made

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    cryptopsy (02-12-2014), Elliot305 (02-10-2014), XCLUSIVE (03-06-2014)

  58. #45
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    Default Re: Ok Dogecoin...You Got Me!

    Quote Originally Posted by SkyrocketSEO View Post
    I am just gonna say that all I need is Doge to be at least $1 in the next 6- 12 months...
    On that time, most people will start dumping thier million.... million.... of dogecoins.. = supercrash

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