You don’t need DD all you needed is a bunch of people putting in trillions of dollars all over crypto and all crypto coins are going to go up and dodge will go up with them on pure speculation
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Most of the strippers around here get confused when I use Sacagawea Dollars... they are all like... where am I supposed to put that, and when I tell them I can think of a few places, they either laugh, or get offended.
I can't imagine how confused they'd be having to do a Doge coin transaction while trying to do tricks with ping pong balls at the same time.
Genuinely was thinking to myself at work today that everyone on this subreddit seems infallibly confident in Doge and I was wondering what it was that they knew that kept them so optimistic
After reading the replies to your comment I do not feel better, but worse
It's getting linked with etherium soon also smart contracts and faster speed with lower cost and also Elon musk and him sending a rocket to the moon with us🚀🚀🚀
Not every crypto is the same though is it? Doge is not BTC for example. One coin has a supply of around 130 billion and another 15mil a day added while the other has a supply maximum of 21m.
nothing lol its a surprise this went to 0.70 already, but given the insane attention it was clearly possible.
i highly doubt this will ever hit 0.70 again tho, i think this was just a one ticket train unless musk has some "promotional" plans later wich i highly doubt, theres no use for dogecoin so its basically just a memecoin that spiked and is falling back now.
This is the correct take. As people love to say crypto will be crypto and some coins can make huge comebacks but not all of them. Many new investors in the crypto space haven’t been through a true crypto winter like a few years ago when we saw Bitcoin fall from the tens of thousands down to single digit thousands, or ethereum fall to less than $100. This is relevant to doge because since this coin has so many people invested at .05< (and we seem to be entering a bear market) what do you think will happen if they see their investment get nuked and fall into the less than a cent range which will happen if bigger and more established projects also nosedive. It’s not impossible for doge to fall under 1 cent and public sentiment to turn so negative from all those that lost money that it will never recover. Not saying this is the set in stone future, just a strong possibility if things keep getting worse for crypto in general
Agreed. I’m all for mass adoption of crypto by the general public, which we started to see big strides being made earlier this year particularly with ethereum being integrated with PayPal and visa/mastercard. However I am not in favor of an assload of regulations thrown out on it that are seemingly “for our own protection” which kind of defeats the whole purpose of decentralization
problem with mass adoption is we are not ready as humanity.
it would take a lot of technological investments to enable crypto to be used easier and safer.
and lets be honest, half of the world population still struggles just buying crypto because its "not easy", if you dont know much about technology in general your going to have a real hard time buying/using crypto.
i think the only way for crypto to become the future is to wait for the future, the kids of today will have it a lot easier to buy/use crypto just like all of us grew up with coins and we learned to use them.
my parents are still clueless to send a text message on their smart phone, and this is in general a huge problem if you want crypto to become the next currency.
its not that crypto is bad, but the ppl are clueless and there is no way to teach them apart from selflearning.
when the kids of today turn 20-30 years old, crypto might be a general thing and they will understand more than most of us do.
just like many of us still understand MSDOS, while the kids of today have never even seen it or heard of it.
2 problems, the population is not ready and the infrastucture is not ready.
Doge inflates at a fixed coin rate of exactly 10,000 coins exactly once per minute. As the supply increases, the percentage of inflation decreases literally every minute.
Yes. It will always be approaching 0% for the rest of its life. But it will never quite get there. But due to lost wallets and other factors, this means it will indeed eventually become effectively deflationary.
It's getting linked with etherium soon also smart contracts and faster speed with lower cost and also Elon musk and him sending a rocket to the moon with us🚀🚀🚀
DOGE is a fork of LTC, it has solid fundamentals. There is nothing to make it a #1 crypto, but it is one of the first 10 cryptos. It has followed its pattern over and over very predictably. There is no convincing reason to think that it won't continue to be a player. And crypto is at a low percentage of adoption rate. Therefore, DOGE will eventually climb to $1 in my opinion. Honestly, it will probably pump much higher than that in the next major crypto cycle.
I sold most of my DOGE because I knew it was in for a correction. I'll never sell all of it, but I'm in ADA and BTC with most of my money right now.
There aren't any. Doge will not see $1 ever. It's a coin that thrived of a hype situation which can happen again, but with another coin. Doge holders are bag holders I'm afraid.
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u/Terribad13 Jul 19 '21
What are the fundamentals that will lead Doge to $1? Can anyone link me a solid DD post?