Dogecoin falling like a rock!

You're all so positive about DOGE... hmmm... will it really go up? To me it looks like it's kicking the last kicks....

Honestly, I was very optimistic, but I'm not sure now. The boom phase might have finalized. I am watching all graphs and it's damn low, sideways.

Much Doge
Very Dodgy

Silver and gold look like kicking now. Sounds assets. Hmm...
 
Well, I think one of the important things to look at is how the trading volume and market cap will go over the next two months or so for DOGE.
If it can stay at present levels, then it probably won't be the end for DOGE, seeing as it is one of the more heavily traded alts.
If it starts to fall away in volume and price (like Quark did and still IS), then there's an argument that it is a fad that has seen its day.

I mean, if you look at QRK, it used to trade close to $1 million a day, now it's doing $45K. The velocity has been sucked right out of it and the price keeps dropping and dropping...

For the record, as of today DOGE is:

Worth $54.7 million.
Selling for $0.00092 USD a unit.
Trading $4.8 million a day.

^ Watch the performance of those three things in the future - that's what I'm going to do before deciding to buy this alt again.
 
Upgrade your wallet to 1.6


Hard fork coming up at block 145,000

block rewards will be fixed at 250,000 and new difficulty retarget algorithm
 
Yes, wallet upgrade comes as a necessity right now.

DOGE still trading at around 0.0008 $

LiteCoin is at a whopping 17+ $ right now.

I personally like these coins - LTC and DOGE, also because they're cheaper and seem(ed) so promising.

DOGE would go up if more exchanges picked them up, starting to promote them or, if major investors came in to buy more.

The mass-production will just drag the price down otherwise... I am constantly watching the prices.

Bitcoin is widely accepted, but except the first DogeCoin ATM and a London street food seller, not many are accepting DOGE.
 
Earthjade said:
Well, I think one of the important things to look at is how the trading volume and market cap will go over the next two months or so for DOGE.
If it can stay at present levels, then it probably won't be the end for DOGE, seeing as it is one of the more heavily traded alts.
If it starts to fall away in volume and price (like Quark did and still IS), then there's an argument that it is a fad that has seen its day.

I mean, if you look at QRK, it used to trade close to $1 million a day, now it's doing $45K. The velocity has been sucked right out of it and the price keeps dropping and dropping...

For the record, as of today DOGE is:

Worth $54.7 million.
Selling for $0.00092 USD a unit.
Trading $4.8 million a day.

^ Watch the performance of those three things in the future - that's what I'm going to do before deciding to buy this alt again.
Click to expand...

I am watching all those constantly on www.bitinfocharts.com - the graphs illustrate the trends better. Hmmm... still pretty dodgy, I must say :/
 
Wow - Auroracoin is now 3rd as market cap? Where did that come from? (Icelandic, I hear...)
It just jumped forth on Bitinforcharts.
 
For the record, as of today DOGE is:

Worth $44.8 million.
Selling for $0.00072 USD a unit.
Trading $868K a day.

While it's still the 3rd most traded currency, the velocity has fallen through the floor.
When you think about it, the amount traded in a day wouldn't even be enough to buy a home in a "good" suburb of Sydney.
 
How does the amount traded mean anything for any of these currencies apart from bitcoin ?

Bitcoin is the only currency being used for actual transactions.

The traded volume of all alt currencies including litecoin would mostly be mining and exchange trading related
 
If DOGE continues to slide down, it will fall below 0.0004 $

It's already at 0.000418 $. Never seen a worse performance in any crypto.
 
Honestly, bar another crypto-mania like we had in late November, this is where DOGE is going to stay.
I'm going to coin (heh) a term - burnt-out crypto.
That's when a coin shines brightly in a flash of speculation before dying out. With cryptos being so easy to start up, there's no reason why DOGE should rise again when new and shiny cryptos with "new features" garner the attention of the pump and dumpers.

But the truth is that "new features", "hash rates" and "support base" are all BS when it comes to cryptos. These are just "excuses" for a boondoggle that cost next to nothing to set up.
There are no fundamentals at work here - it's all speculation and prices rise and fall according to how many people put their money into these things. If these aren't ponzis, then what are they?
 
Earthjade said:
There are no fundamentals at work here - it's all speculation and prices rise and fall according to how many people put their money into these things. If these aren't ponzis, then what are they?
Click to expand...

So same for litecoin ?
 
TreasureHunter said:
Well, it's terribly low now: 0.00054 $
Click to expand...

Somebody please tell the miners so the difficulty can go down !


check out what has happened to catcoin
Earth coin

Even max coin and aurora that started off flying high have pretty much crashed back down
 
trew said:
Earthjade said:
There are no fundamentals at work here - it's all speculation and prices rise and fall according to how many people put their money into these things. If these aren't ponzis, then what are they?
Click to expand...

So same for litecoin ?
Click to expand...

Could be.
But once you reach a certain critical mass in the marketcap, you seem to be able to escape becoming a burnt out. That is, people see you as an "investment" rather than a "speculation".
Only LTC and BTC have done that so far, to my mind.
But this is not to say LTC couldn't slip back into nothingness again, but with a 363 million market, you'll at least see it coming.
 
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