Sometimes the truth hurts guys and the more we look at it crypto might be 99% speculation. I was saying 95% speculation but that might have been generous. Dogecoin has fallen 88.22% from its all time highs 11 months ago but EOS, LTC, and XMR have fallen over 91% from their all time highs.
STEEM has fallen a hellatious 97%. 😱
https://athda.com/alltimehigh
Myself and longtime friend @steve-mcclair used to be confused at who was buying Dogecoin. I think it was fun for people to trade and ride the waves and maybe fun is a great marketing strategy in the crypto space. Even more effective than actual technical improvements. I have even noticed this on people's YouTube channels. If they kind of joke around and do a bunch of edits and talk smack about other YouTubers that is more effective than digging into the technology.
In all fairness DOGE has always made me shake my head but while I was shaking my head I had a smile on my face.
Every DOGE has his day!
The reason is fairly obvious. This coin is a play on people's emotions. The "cute" coin. This always sells better than logic. But the fact of the matter is that someday when it gets hacked, there will be a lot of grief.
It is pretty unbelievable but yeah I think you are right. I think for here on out my YouTube channel is just going to be about jokes and no actual technology.
Naw it just bc 1 Doge= 1 Doge
Never underestimate the DOGE. All those who hate it should be scratching their heads about its success.
It is a pretty unbelievable success story! The stuff of legends!
I posted about DOGE many times. It's one of my favorites.
Dogecoin is weird.
By all analysis it should have just gone away.
But it hasn't.
In fact, mining Doge and Doge faucets are still quite big.
Dogecoin has been quite stable... comparatively.
And works well for exchanging money around through exchanges.
I really don't know what to think of this coin.
It is very strange. The development was dormant for years but it remains a big part of the crypto space.
I even rode a big run up this last boom on it. The funny thing is I saw it the day it came out and just laughed and didn't do anything with it and then a week or two later everyone was talking about it so I started mining it.
The DOGE never dies!
It's funny coin. Lol
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I'm on the litecoin boat.
I think an alt will surpass btc and we will see a lot in the sphere in 2019.
I was thinking that an alt would past BTC in 2018 but at this point it has separated itself again from the pack and is pretty far out there again. It doesn't make a lot of sense but not a lot does in the crypto space.
Bitcoin was pretty weak in 2017-early 2018. If bitcoin would have lost 1st place it was that time. This bear market however has pretty much let bitcoin make up for lost ground. Oddly enough bitcoin dev are just pumping out new tech during the bear run more than they did during the bull run. You would of thought the opp would be true lol
It will probably one day, but no so soon.
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Doge has a few advantages over other coins a) it always works and never goes down, never had hard forks and never has problems that need to be reversed and b) it is on all the exchanges, it's on all the gambling sites and the fee is low. Last year when bitcoin fees were eye-watering, I was using Doge to move money from exchange to exchange. Steem's fee is low but it's only on a few exchanges, so you can't really use it. Doge is hanging on because it is the only thing that functions like an actual currency.
LOL - I sold mine back when I sold my EOS - glad about that :)
Cryptos all go up and all go down because Bitcoin determines the price - not specs - (and Bitcoin is maipulated up and down by Goldman Sachs) that is my 2 cents worth while I still have 2 cents
And I gave you 2 cents 😂
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Thanks - I'll give you 4 cents worth next!
Really amazing how something like that can stand on all fours ( so to speak) lol
That's nuts! I've always been in the boat that thought it was a cool gimmick for those who like the doge memes, but that anyone else would be crazy to invest in it. Who knew that it would fair so well in the bear market (comparatively of course)?!
A bit off topic but since Steemit doesn't have messaging or groups, yeah @ned and whoever else runs this place I'm talking to you, but I just got back from this online trading class today and it was pretty interesting. ive never really been a "trader" before, I would just kinda wing it and hope shit went in my direction. I'm learning about reading charts and candlesticks adn spotting supply and demand and all this type of stuff. I'm curious if this would work for crypto or not or if crypto markets are their own animal. The whole philosophy behind what they're teaching us in this stock thing is basically spotting which direction things are going to go based off instititional buys and the footprint they leave. It seems to be fairly accurate for stocks, forex, futures, etc not sure if it would apply to crypto though
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