Ok Dogecoin...You Got Me!
- Thread starter Elliot305
- Start date
ibmethatswhoib
Elite Member
- Feb 17, 2011
- 1,567
- 1,171
Nice, ya I still hold mostly doge but used a portion to mess with other ones but I think long-term doge still has the steam and community. It's holding steady with slow dips so I don't want to use too much in speculator coins that could drop with the quickness, but I think the other ones are good for short-term gains.
I got out of Doge about a week ago to day trade other cryptos. Although Doge has a great community and is more sound than most secondary coins, it's being moved too much by speculators/traders so I figured if I can't beat them...join them. Funny you mentioned Maza, as I just got in earlier today. This one will take off just like Aurora did over the next week or so and I plan on making 100gs on this play since I'm in so early. That's the hope at least.
I suggest if others want to get in to do so before it breaks through the .0002 level and before Cryptsy adds it in a few days. Once Cryptsy adds Maza it should probably double in value since they carry so much volume.
Sorry Doge, I'll be back later once I've made the rounds.
I'm still holding around 250K doge, it's not that bad since I put maybe $200-250 total into it. I'm probably just going to hold it since I couldn't care less if the value drops.
I'm very confused about the value of a satoshi though. It seems that dogecoins is dropping in satoshi worth, but satoshis are starting to be worth more? Before a 200 or so satoshi dogecoin would be around $1/1,000 but right now it seems that 160 has the equivocal worth?
I'm very confused about the value of a satoshi though. It seems that dogecoins is dropping in satoshi worth, but satoshis are starting to be worth more? Before a 200 or so satoshi dogecoin would be around $1/1,000 but right now it seems that 160 has the equivocal worth?
ibmethatswhoib
Elite Member
- Feb 17, 2011
- 1,567
- 1,171
Oh right, I forgot satoshis are reliant on the price of BTC. That would make sense now...
Personally i think doge has huge potential within that big community it has but i also fear that the community could be what holds it back from getting over something like .01, reaching that would mean a market cap in the range of 1 billion which quite the feat, unless a big group can take it to the next level.
cool.dude123
Senior Member
- Oct 23, 2011
- 944
- 1,116
satoshis make up bitcoins, they are the smallest division of a bitcoin.
1 satoshi = 0.00000001 btc and it will never change, its just easier to say 150 satoshi's than it is to say 0.00000150 btc. a satoshi is bitcoins equivalent of a peny to a pound.
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I'm not speaking about what a satoshi is.
What I mean is the price of a satoshi. What I was wondering is why is the satoshi value of doge dropping, but the USD value is still holding.
Thanks to "ibmethatswhoib" and reminded me that satoshi was just a denomination of BTC, the USD value of a satoshi changes according to the USD value of BTC.
Therapy101
Registered Member
- May 14, 2013
- 52
- 7
WTF happened that day??
Someone made a mistake and sold at the wrong price.
Nitros
Power Member
- Jan 30, 2009
- 592
- 302
OP with his 7.5 million Doge?
Therapy101
Registered Member
- May 14, 2013
- 52
- 7
Haha. A trader probably added an extra zero when he was selling.
GreenGoblin
BANNED
- Jul 17, 2008
- 1,492
- 2,581
good luck with it bro wish u the best with it
- Mar 21, 2013
- 24,784
- 31,557
They have discovered multipools gaming the mining system by predicting profitable blocks, mining the heck out of them and then dumping the doge on the market.
That big dip on the chart was probably one of these dumps. They set the price to zero and dump the whole lot, whatever orders were on top get executed for no price at all.
The doge developers caught on to this practice and are fixing it. Count on a price hike soon as they stop the dumping.
That big dip on the chart was probably one of these dumps. They set the price to zero and dump the whole lot, whatever orders were on top get executed for no price at all.
The doge developers caught on to this practice and are fixing it. Count on a price hike soon as they stop the dumping.
Lol, I've been out of Doge for awhile now. Although I still believe in their community and mission, the fact that day traders and miners are dropping the price has made me move onto other coins. That's just part of the game so I'm adapting to it.
Therapy101
Registered Member
- May 14, 2013
- 52
- 7
Of course BTC is more stable than Doge. But I still own around 30k Doge just in case it does go to 1 cent each. 
But most of my investment is still in BTC.
But most of my investment is still in BTC.Yeah, they're releasing 1.6 soon I believe. Prices are already starting to spike slightly.
cool.dude123
Senior Member
- Oct 23, 2011
- 944
- 1,116
nothing happened, I was on dogepay.com when the graph showed 0 and all the exchanges and the rates of each exchange on dogepay.com did show somewhere near 0.00000130 so it was probably just an error on the site. don't read too much into it.
WTF happened that day??