Patel
Senior Member
- Mar 1, 2011
- 1,154
- 1,519
I am pretty passionate about crypto in general, I can talk about it all day lol. I am obviously biased "against" dogecoin from the start. 
So there is 100 billion coins out there, 25 billion which are in circulation. You can expect within the next few months there is going to be maybe 30-40 billion.
Even at 25 billion coins, wishing dogecoin will hit $0.50 is a pipe dream. That means the market cap has to be $12.5 billion dollars. Bitcoin is not even there yet, and look at all the innovation and infrastructure around it. Even asking for $0.10 is ridiculous.
Dogecoin was meant to be a joke (the language, the community). It was funny and it served its purpose. But real money, like Bitcoin money will never ever flow into that coin. No professional investor will ever put a dollar into that coin. Its main audience is reddit meme folks, and teenagers and kids. None of the audience qualifies into the big money category.
With so many new coins being mined, and the trend is obviously finished, there will always be more coins than buyers driving the price down. We have seen this trend with new coins before, the trends never get revived. They hit their peak one time, the people who mined before the peak cash out, and never look at the coin again. In the next few months, the number of coins will probably double, and the number of buyers will probably cut into a quarter of what it is now. And only the true dogefans will be left which is a small community.
Its cool if people want to put $10 or $20 into it and have fun with it, but noobs who actually think it is a good investment and put hundreds or thousands will get burned.
So there is 100 billion coins out there, 25 billion which are in circulation. You can expect within the next few months there is going to be maybe 30-40 billion.
Even at 25 billion coins, wishing dogecoin will hit $0.50 is a pipe dream. That means the market cap has to be $12.5 billion dollars. Bitcoin is not even there yet, and look at all the innovation and infrastructure around it. Even asking for $0.10 is ridiculous.
Dogecoin was meant to be a joke (the language, the community). It was funny and it served its purpose. But real money, like Bitcoin money will never ever flow into that coin. No professional investor will ever put a dollar into that coin. Its main audience is reddit meme folks, and teenagers and kids. None of the audience qualifies into the big money category.
With so many new coins being mined, and the trend is obviously finished, there will always be more coins than buyers driving the price down. We have seen this trend with new coins before, the trends never get revived. They hit their peak one time, the people who mined before the peak cash out, and never look at the coin again. In the next few months, the number of coins will probably double, and the number of buyers will probably cut into a quarter of what it is now. And only the true dogefans will be left which is a small community.
Its cool if people want to put $10 or $20 into it and have fun with it, but noobs who actually think it is a good investment and put hundreds or thousands will get burned.
