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OT....Dogecoin🚀🚀🚀

kgranger17

Data Driven
Joined
Nov 11, 2013
Messages
2,172
I don’t believe it will be exactly like Bitcoin, however, it may become a cryptocurrency that’s widely accepted at businesses & used versus the dollar 💵. Thoughts?

Bitcoin is the standard.

Why do you think a competitor like dogecoin would overtake Bitcoin?
 

rccollins

Sophomore
Joined
Jan 16, 2012
Messages
1,481
there are thousands of alt coins out there... Dogecoin could be a long term winner..but there are bunch others that seem to be much stronger.. Good idea to invest in these alt coins now and trade to BTC and ETH around summer time (from what i've been hearing)
 

CFLCane

Junior
Joined
Nov 28, 2016
Messages
6,673
I don’t believe it will be exactly like Bitcoin, however, it may become a cryptocurrency that’s widely accepted at businesses & used versus the dollar 💵. Thoughts?
Not to rain on your parade but not all cryptos are created equally. Dogecoin is inflationary like fiat currencies and has a higher inflation rate than the usd. Its has utility but its nothing special
 

CFLCane

Junior
Joined
Nov 28, 2016
Messages
6,673
Hell if this ***** hits a dollar the kid will make a nice bag.
lesson on market cap.

Current valuation .0726 per coin 9.3b billion valuation. If dodgecoin hit 1.00 per coin it would have a valuation of 128billon dollars which would make it a top 100 mkt cap valuation in the world.
 

Cribby

All-American
Joined
Jan 30, 2012
Messages
22,477
lesson on market cap.

Current valuation .0726 per coin 9.3b billion valuation. If dodgecoin hit 1.00 per coin it would have a valuation of 128billon dollars which would make it a top 100 mkt cap valuation in the world.
Yep, not expecting that lol. But I’m up a few hundred now. I might ride if a little longer , I only spent a few bills
 

407cane

All-ACC
Joined
Jan 29, 2013
Messages
6,951
It won't get to a dollar but it might get to $.50 which is still a huge gain for a ton of people
 

Canez1

Freshman
Joined
Jan 30, 2012
Messages
1,068
Not to rain on your parade but not all cryptos are created equally. Dogecoin is inflationary like fiat currencies and has a higher inflation rate than the usd. Its has utility but its nothing special
Yep if they would get smart and limit the supply then boom but otherwise it will stay pretty much as originally intended. A joke. I still envy the guy though! Threw the whole thing together in 3 hours smh.
 

Cribby

All-American
Joined
Jan 30, 2012
Messages
22,477
lesson on market cap.

Current valuation .0726 per coin 9.3b billion valuation. If dodgecoin hit 1.00 per coin it would have a valuation of 128billon dollars which would make it a top 100 mkt cap valuation in the world.
Experts are saying that 1.00 by 22”.
 

CFLCane

Junior
Joined
Nov 28, 2016
Messages
6,673
Experts are saying that 1.00 by 22”.

Other than being 1.00 being a shiny psychological level what actual fundamentals of the coin say it should reach that level? I've seen this 1000 times in crypto in altcoins, classic pump n dump. Super happy for you if you're in the money but make sure you take some profits on the way up. If you want to let some ride and pray for 1.00 on some crazy short squeeze.

I literally told my coworker FRI @ 430 sell his dodge on the spot that when alt coins run this hard it's a warning sign of market exhaustion. A day later the big 3 BTC/LTC/ETH dump super hard. Big boys rotated out of the top 3 pump n dumped alts, and will buy back the big 3 cheaper. Rinse repeat.
 
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