why dogecoin will fail reddit

 

Over the past 24 hours, Dogecoin, which started as a 'joke' cryptocurrency based on a popular internet meme, was up more than 40% to about $0.01 per coin. Why? Actually, that's the same advice I would give for any type of investing. Then sold 80% of it after realizing that 90% of the doge sub is bots or paid human agents working a PnD. ), [wow so ^verify]: /u/slasherzx -> /u/yibbiy Ð50.000000 ^Dogecoin(s) __($0.0202894)__ [help]. We use cookies on our websites for a number of purposes, including analytics and performance, functionality and advertising. You are making a very large mistake by speaking for other's feelings with your words. THAT is what they are going to do with it, nothing more, nothing less. Ultimately, it seems as if the Dogecoin community has changed considerably since its early days. Dogecoin isn’t as hype-sensitive as other altcoins. 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. 100 - 200 comment karma. Because there is no limit of how many Doge are created. I'm totally cool with that - it is a hobby of sorts to me. It's a fast mechanism for payments. The most amazing place on reddit! 250 - 500 comment karma. 4 - 5 years account age. The purpose for greed, and any actions associated with it, is possibly to deprive others of potential means (perhaps, of basic survival and comfort) or future opportunities accordingly, or to obstruct them therefrom, as a measure of enhanced discretion via majority belongings-having and majority competitive advantage, thus insidious and tyrannical or otherwise having negative connotation. Why will Dogecoin fail? We'll deal with them if they put the system at risk. But i get what you mean just dont hate me pls, More posts from the CryptoCurrency community. Now that you’ve gotten a handle on the GameStop stock madness, it’s time to learn about Dogecoin. The most amazing place on reddit! The much wow innovative crypto-currency. If it looks like a pump and dump, if the chart increases like a classic bubble, if it smells like a Wall Street scam, are you sure you want to be involved now? Moons reward posters, commenters, and moderators for their contributions to the subreddit. Also from the noble vision of what BTC is to Wall Street greed to average Joe speculating hoping to be the next BTC Millionaire, it feels grim for the currency's future. ET Wednesday, Dogecoin was up more than 85 … 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 … The biggest threat to Dogecoin is one of their biggest advantages: their use case. Correct me if I am wrong, but doge has no real usecase aside from it being fun. 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. While I get what value they are trying to sell (ease of use, cheap power) I don't agree with GOING AGAINST THE GRAIN OF DECENTRALIZATION by centralizing things. 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. 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. The devs are active and have a roadmap (really important). This is not about big companies, it is about giving the power back to the people. share. This is a joke coin – never meant to stay alive this long, nor to reach these market caps and market exposure. They aren't charities, they are businesses. 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. 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. Only time will tell if Dogecoin’s current $5 to $10 billion market cap is sustainable or not. Look at this chart: http://bitcoindifficulty.com A typical delivery time frame is 3 months, and could be longer. Let's work together to sort through these issues and make a clear stand for what DOGE represents for the world. They … 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. I mean its still going up today but i bet the superbowl will be the tipping point. 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 . Any company currently in the business of transferring money, writing contracts, executing trades, enforcing rules, or any of the other COMPLETELY INEFFICIENT BULLSHIT the government and it's cronies continue to hoist on us will GO COMPLETELY AWAY with cryptocurrencies and the technologies built on top of them like Ethereum. It has small scale adoption in the external world. Why is the retail investor hivemind pumping up the obscure cryptocurrency with a Shiba dog for a mascot? These are called blaming statements and they are totally not cool because they derail the conversation before it even begins. Dogecoin saved my car from a visit to the crusher. Another industry popped up is "cloud mining" or "hash rate trading". It’s like buying a stable coin and expecting it to go to $100. Its price will fall back to its pre-pump level So will Bitcoin. I see a future where people will put Money in Bitcoin for Longterm Storage and for actual spending put money into Dogecoin. Forget about "renting" hash rate, if those cloud mining companies could make more Bitcoins mining themselves, why would they "rent" it out for "cheap"? As such, different people have different information regarding Cryptocurrencies. The price of dogecoin … They are going to invest in the very techologies that accelerate this future for humanity. Dogecoin is up 400% in the past week. A subreddit for sharing, discussing, hoarding and wow'ing about Dogecoins. There could be more reasons as well why Bitcoin could fail. They are distributed monthly and used to weight your vote on polls. So the only thing keeping it afloat is memes and fun. The success of crypto depends on users and adoption. 1/2. We need the dev to look for ways to eliminate the potential invasion of ASIC miners to the ecosystem to afford as many people as possible to participate and contribute to the network, and not let the hashing power be concentrated in the hands of the riches and big corporations. I don't know of any major development going on to improve it technically or business-wise. Why is the value of it going down? As a new coin in the process of proving itself, this is no longer a "joke" coin. It has a community. It has haters, which all great things have. Online. This is just speculation but i wont be buying doge again. 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. This article will explain why it will get to $0.50/per coin within 2022. 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. In late January, when both the GameStop and DogeCoin movements hit their stride, the value of DogeCoin shot up to 7.5 cents, well over a 10-magnification, before … We need to spread the words to accelerate adoptions, and to show that this is the most viable and stable crypto-currency to ensure confidence, and attract merchants, service providers, and more people to participate and transact in this ecosystem. Why, for the Lolz. The value of Dogecoin, a cryptocurrency originally invented as a joke, surged Thursday as Reddit traders target it in an attempt to mirror … Dogecoin has not seen any major updates since 2015, so any rumour of new features could well lead to an increase in prices. From 3 months ago to now, the "difficulty" quadruple. Dude i kinda got this sorted out a while ago but thanks still. We should not be infighting. It is much safer and profitable selling and renting mining equipment, just like the gold rush in the 1800s, the ones making a killing are the ones selling the shovels and gears. Dogecoin to the moon.. Dogecoin — a cryptocurrency that uses the Shiba Inu dog for its logo — recently surpassed 10 cents in value for the first time in its history, which is a huge markup from its value of $0.0023 cents back in summer 2020.. It's probably litecoin that won't be important anymore. Hit https://twitter.com/JohnLegere up and tell him as much. We need Dogecoin to be in the hands of as many people as possible. Will admit, I caught the fomo bug also. Timothy B. Lee - Apr 16, 2021 6:56 pm UTC Im not really that hyped anymore, i know that dogecoin wasnt created to reach any heights. Per CNN, the cryptocurrency — which was really began as a meme and has existed for close to seven years now — is currently trading for $0.13 cents. It is yet to be seen how resilient Bitcoin is, the test is on the horizon, let's wait and see. So i think that doesn’t necessarily stop doge from reaching 1 dollar (although other things do for sure), the doge meme is 10 years old by now it's probably gonna stay for a bit, To be honest i mostly dont believe in it, i just want someone to reassure me, its pretty stressful looking at the charts when i have already sold mine, lol what do you mean fail? Dogecoin (CCC: DOGE-USD) could actually turn into a usable currency for one simple reason. I'm also holding a good quantity of DOGE in my wallet. A subreddit for sharing, discussing, hoarding and wow'ing about Dogecoins. But im just asking since many do have faith in it. Usually referred to as “the internet currency,” it is a digital coin that facilitates peer-to-peer digital transactions in a decentralized manner. The biggest scam of all time is the "pre-order" of Bitcoin equipment with the promise to deliver sometimes in the future. Dogecoin Price Predictions and a Reddit Rally Redditors proved this week that r/WallStreetBets can pull off the seemingly impossible. The most amazing place on reddit! It checks all the fundamental boxes. If enough people valued a piece of dogshit at 100 dollars per ounce then we could buy lambos with dogshit. This is not about one coin being the 'master coin'. There’s no doubt that Dogecoin will reach 50 cents per coin before 2022 ends.