RE: Why Do People Keep Buying Doge?

[darkflame]

We are buying Doge because it is going up. Doge is now 2.43% of all Crypto market cap. Doge is a bitcoin/litecoin fork, and still better than ERC20s. Doge has a fixed emission rate, and so every year it becomes less of a % of total coins, even though they print so many. Its not even close to what the USD prints. Dogecoin is helping to onboard new users to crypto, its fun and friendly, not scary like Bitcoin.

Comments

[filotasriza3]

its fun and friendly, not scary like Bitcoin

tell that to those that lost money :P

We are buying Doge because it is going up

i can't argue with that!

Also, there is no fixed limit which is a deliberate tokenomics decision in order to keep the price of each individual token low.

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[darkflame]

Its not that bad actually. I have been comparing tokenomics on Twitter today,

everyone in the world could have 16.3 and maybe 0.6349 more each year. 5b is only 0.0387% and next year 134,129,196,384 DOGE + 5b so 0.0372% inflation next year? Approx.

The inflation rate of Doge actually decreases each year because only 5b new tokens are added. That doesn't change, but its percentage of overall circulation decreases.

[filotasriza3]

comments like everyone in the world could have 16.3 and maybe 0.6349 more each year have no value honestly. You can take any coin and say the same, dividing it just like btc in satoshis and such. Also, never everyone in the world will have it, not only doge but any crypto as well and if that was about to happen only btc would have that spot.

i get what you are saying about the circulation but at the same time you need a whole lot of people buying it to even sustain its price let alone pumping it. All in all, it's just a meme coin and memes never last long, it also doesn't solve any actual problem, the whole big deal is for elon.

I really hope though that people earn money even out of it and at the same time, those that lose money i hope that they won't blame cryptos in general!

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[darkflame]

That is a very good response, and I agree. It is important to 'do the math' though because we have to be able to put things in perspective. I am not the biggest dogger, I just notice what is happening and want to let people know!

[onealfa.leo]

its fun and friendly,

Not to me !

not scary like Bitcoin.

Bitcoin is scary ?
Not to me !

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[darkflame]

It is not my favourite, it is just interesting to me. I have followed Doge for a long time and its the underdoge, everyone expects less from it than it deserves. Every doge has its day, and that day is today.

"December 08, 2013, 06:48:23 AM
Everybody Why? Much laughing?
Doge very prize nobel economics"

"Starting september 2014, dogecoin is merge mined with litecoin." https://dogecoin.fandom.com/wiki/Dogecoin

"So merging mining with dogecoin would make both litecoin/dogecoin almost impossible to 51%" https://www.coindesk.com/charlie-lee-proposes-merged-mining-litecoin-dogecoin “[It] doesn’t merge the blockchains, the clients, economics of the coins, the dev team, or the communities. All it does is make it so that you mine both coins at the same time, and secure both coins at the same time.”

"Dogecoin was the most valuable cryptocurrency" on Dec 16 2013
https://heavy.com/tech/2013/12/dogecoin-coinmarketcap-update/ "The Market Capitalization of Dogecoin was Briefly 2.8 Trillion Dollars"

Today's Doge market cap, as high as it is, is just 0.01 what it was that day.