gorillabob1
Regular Member
- Jul 9, 2008
- 217
- 70
A few days ago I picked up 800,000 Doge and I am curious...
What are some reasonable expectations to have for this coin?
What are some reasonable expectations to have for this coin?
Thoughts on Doge
- Thread starter gorillabob1
- Start date
Extruser
Regular Member
- Dec 2, 2017
- 289
- 185
You might have asked BEFORE you bought $2000 worth of Doge?? 
Depends on a lot of factors.
Do you have a special interest in growing your Dogecoin stack?
Or do you want to hedge against the dollar?
Or rather against Bitcoin? (Dogecoin is one of the least correlated coins to Bitcoin.)
Depends on a lot of factors.
Do you have a special interest in growing your Dogecoin stack?
Or do you want to hedge against the dollar?
Or rather against Bitcoin? (Dogecoin is one of the least correlated coins to Bitcoin.)
SellingStealth
Junior Member
- Sep 17, 2019
- 157
- 27
Doge was originally made as a meme/joke. They never expected it to last this long or do so well. You can find some articles about it online
Pure
BANNED
- Jul 18, 2017
- 55
- 24
At the beginning of the year, the altcoin was in the headlines because it had doubled its market cap in a matter of weeks. Dogecoin is currently trading at $0.008182 with a market capitalization of around $920 million. The altcoin has been growing steadily since its release, with spikes witnessed after most notable events such as the Jamaican team donations.
Before i continue, Incase you are worried about what all these cryptocurrencies are heading to, DON'T GIVE UP!!! I almost gave up too but after much investigations to fine a legit platform where i can safely invest my portfolios, i came across Multicoinhodler Cryptocurrency Investment Platform (www .multicoinhodler .com where i get good returns of my invested cryptocurrency after 10 trading days. I also mine with them and most importantly store my bitcoin securely with them. Don't be left out. Be like me. I still believe in Cryptocurrency. Be careful out there for there are so many fake investment website claiming to be paying.
The altcoin is ranked as 31st regarding its market capitalization. Moreover, the daily trading volumes witnessed in the altcoin are substantial. This is because Dogecoin’s transaction speed and comparatively low fees are conducive for using the altcoin as a spending currency. There are currently a number of retailers who also accept the digital currency.
Following the over one billion market capitalization at the beginning of the year, Palmer cautioned that the rise was more to do with the frenzied manner in which members of the public were buying into cryptocurrencies in order to capitalize on any gains made. He stated:
“[It] says a lot about the state of the cryptocurrency space in general that a currency with a dog on it which hasn’t released a software update in over two years has a $1bn-plus market cap.”
The Connection Between Ethereum And Dogecoin
Ethereum has been facing scalability challenges with a number of solutions suggested such as Raiden or Plasma. A lesser-known suggested solution is Truebit. The platform aims to be a scalable verification solution for blockchains.
On February 5, 2018, the Truebit team sent dogecoin to a testnet on Ethereums platform. Once received, the token was recognized as a distinct asset on Ethereum’s blockchain. This was the culmination of in-depth research created by Dogecoin community members. The project was named Dogethereum.
“Dogethereum will be a first-of-its-kind “bridge” between the Dogecoin and Ethereum blockchains. Once constructed, shibes will be able to send doge back-and-forth to Ethereum without using an exchange. This will allow shibes to trade dogecoin for other Ethereum-based tokens and use doge in smart contracts.”
The success of the transaction signaled a significant step towards the interoperability of native crypto-assets and, in turn, hope for Ethereum’s scaling problems.
Should You Add Dogecoin to Your Portfolio?
Despite the relative inactivity of the Dogecoin developer community in the past two years, Dogecoin has benefitted from the overall rise in the value of crypto assets. Furthermore, the new Dogethereum project has brought the once popular altcoin back onto the map and into crypto investors’ discussions.
Should this project succeed, that will bode very well for the price of the altcoin. Dogecoin also benefits from lower transaction fees than many of its peers, which makes it a viable digital currency for spending and remittances.
Despite Dogecoin’s long-standing statue in the cryptocurrency space, there are more promising cryptocurrency projects out there whose coins have more potential to “moon” than Dogecoin. Hence, if you are going to purchase Dogecoin, in the hope that the Dogethereum Project will boost its price, it should be a rather small holding in your crypto asset portfolio.
Before i continue, Incase you are worried about what all these cryptocurrencies are heading to, DON'T GIVE UP!!! I almost gave up too but after much investigations to fine a legit platform where i can safely invest my portfolios, i came across Multicoinhodler Cryptocurrency Investment Platform (www .multicoinhodler .com where i get good returns of my invested cryptocurrency after 10 trading days. I also mine with them and most importantly store my bitcoin securely with them. Don't be left out. Be like me. I still believe in Cryptocurrency. Be careful out there for there are so many fake investment website claiming to be paying.
The altcoin is ranked as 31st regarding its market capitalization. Moreover, the daily trading volumes witnessed in the altcoin are substantial. This is because Dogecoin’s transaction speed and comparatively low fees are conducive for using the altcoin as a spending currency. There are currently a number of retailers who also accept the digital currency.
Following the over one billion market capitalization at the beginning of the year, Palmer cautioned that the rise was more to do with the frenzied manner in which members of the public were buying into cryptocurrencies in order to capitalize on any gains made. He stated:
“[It] says a lot about the state of the cryptocurrency space in general that a currency with a dog on it which hasn’t released a software update in over two years has a $1bn-plus market cap.”
The Connection Between Ethereum And Dogecoin
Ethereum has been facing scalability challenges with a number of solutions suggested such as Raiden or Plasma. A lesser-known suggested solution is Truebit. The platform aims to be a scalable verification solution for blockchains.
On February 5, 2018, the Truebit team sent dogecoin to a testnet on Ethereums platform. Once received, the token was recognized as a distinct asset on Ethereum’s blockchain. This was the culmination of in-depth research created by Dogecoin community members. The project was named Dogethereum.
“Dogethereum will be a first-of-its-kind “bridge” between the Dogecoin and Ethereum blockchains. Once constructed, shibes will be able to send doge back-and-forth to Ethereum without using an exchange. This will allow shibes to trade dogecoin for other Ethereum-based tokens and use doge in smart contracts.”
The success of the transaction signaled a significant step towards the interoperability of native crypto-assets and, in turn, hope for Ethereum’s scaling problems.
Should You Add Dogecoin to Your Portfolio?
Despite the relative inactivity of the Dogecoin developer community in the past two years, Dogecoin has benefitted from the overall rise in the value of crypto assets. Furthermore, the new Dogethereum project has brought the once popular altcoin back onto the map and into crypto investors’ discussions.
Should this project succeed, that will bode very well for the price of the altcoin. Dogecoin also benefits from lower transaction fees than many of its peers, which makes it a viable digital currency for spending and remittances.
Despite Dogecoin’s long-standing statue in the cryptocurrency space, there are more promising cryptocurrency projects out there whose coins have more potential to “moon” than Dogecoin. Hence, if you are going to purchase Dogecoin, in the hope that the Dogethereum Project will boost its price, it should be a rather small holding in your crypto asset portfolio.
gorillabob1
Regular Member
- Jul 9, 2008
- 217
- 70
You might have asked BEFORE you bought $2000 worth of Doge??
Depends on a lot of factors.
Do you have a special interest in growing your Dogecoin stack?
Or do you want to hedge against the dollar?
Or rather against Bitcoin? (Dogecoin is one of the least correlated coins to Bitcoin.)
I didn't have to come out of pocket, it was part of a business thing.
I'm just curious if we may expect that it'll take the long shot and reach $0.01 valuation.
7snooker
Newbie
- Mar 2, 2020
- 15
- 1
How are you going to make money without volatility?
gorillabob1
Regular Member
- Jul 9, 2008
- 217
- 70
Volatility is good, it brings peaks and valleys. I want to see a solid peak here!
Extruser
Regular Member
- Dec 2, 2017
- 289
- 185
Might take some time, but I think it will! And that's not even the long shot. That would be $0.1
gorillabob1
Regular Member
- Jul 9, 2008
- 217
- 70
Might take some time, but I think it will! And that's not even the long shot. That would be $0.1
I think the real stretch would be a $1 valuation. However, seeing how much action the markets have... Who knows?!
D
Deleted member 1313244
Guest
It started as a joke but turns out to be surprisingly good, just like my career.