TreasureHunter
Well-Known Member
This is mental. That is what others call sh*tcoin, right?
Dogecoin
- Thread starter ParanoidAndroid
- Start date
This is mental. That is what others call sh*tcoin, right?
Jason1
Well-Known Member
yer full on hey?, guys created it a few months ago to try and beat elon and Doge. its nicked name the doge killer.
they gifted the eth guy a shit tonne of coins for no reason before they had any real market cap, made him a fortune from what ive read. something like over 50% of the total supply they gifted him lol.
look at those percentages lol insanity of a meme coin. coins like this gives even less legitimacy to the crypto world, but proves you can make some serious coin of junk
https://www.coingecko.com/en/coins/shiba-inu
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TreasureHunter
Well-Known Member
This game is going to make the entire "trinket market" collapse one day.
Bold Prediction: Because of Doge and Elon, this will be the last Shitcoin season. It's all too high profile now. Too many norms (and kids) will be hurt. This (Doge and Elon) will develop into a huge scandal that the mainstream public will read about. Lawsuits will be filed. The government will get involved. The industry will get regulated. Bitcoin will come out on top. People pumping shitcoins will be taking huge risks after this happens so you will hardly see them any more. Bitcoin onwards and upwards.
TreasureHunter
Well-Known Member
^
You are forgetting one thing: Doge is still holding on strongly, at 0.4 $! This is a performance for a coin that was worth 0.00000 just a few years ago.
It has popularity, notoriety. And it's now traded on the main exchanges (perhaps not all of them), but it became an "asset".
You are forgetting one thing: Doge is still holding on strongly, at 0.4 $! This is a performance for a coin that was worth 0.00000 just a few years ago.
It has popularity, notoriety. And it's now traded on the main exchanges (perhaps not all of them), but it became an "asset".
IfUdonotholditUdonotownit
Active Member
Its like your "pet" coin, and the pet industry these days is worth trillions (correction - billions, but what the hell, we'll leave the "trillions" word here). Probably a "cat coin" might do well also. But this makes me wonder, is Doge coin popular in those countries where they eat dogs, and have no love for them?
IfUdonotholditUdonotownit
Active Member
In the larger scheme of things, shit has its place and serves well as a fertiliser. So Hawkeye, it sounds like you are saying that these shitcoins (aka "fertiliser coins") will be used to plough the bitcoin soil/field, so that bitcoin can flourish?
I've seen some people suggest they provide liquidity for Bitcoin.
My argument is that they are all just following the Bitcoin halving cycle. They don't have their own cycles.
I'm a bitcoin maximalist. Bitcoin is the only one really worth having, but because the market is immature and therefore not well understood, short-term speculation on shitcoins can be profitable, though more risky than most think.
Elon is going to get into trouble with Doge. He should get a "mama-wife" like Zucks.
TreasureHunter
Well-Known Member
A Hello Kitty coin could do very well in Asia.
But it should also have some use.
I thought Reddcoin might have potential, but even now it looks like it's rather "deadcoin"
I don't own any, just watching the charts, price, volume of trade... it's ridiculously dead, despite the great ambitions, the fact that Reddit and Twitter have (allegedly - haven't checked) adopted it as a social media "tipping coin".
Honestly, I was expecting Reddcoin to become the next Dogecoin. It could have great use, because it could be used the following way:
- social media tipping/gift coin: Facebook, Twitter etc.
- YouTube vlogger sponsor/donation coin
- blog sponsor/donation coin
- people could buy digital service on Fiverr and could pay stock photography with it
- hosting and domain registration could be paid with it
...apparently there aren't enough "fools" to accept Reddcoin
TreasureHunter
Well-Known Member
Is there a way to set up a second Dogecoin wallet on PC?
(I am not referring to light wallets, but the conventional wallets for PC.)
The Bitcoin Core wallet has this option: you can set up multiple wallets within the same program.
But it seems like Dogecoin's wallet software is a single wallet itself.
Perhaps one has to have 2 wallets on two different PC's to transfer the coins from one wallet to the other. I think.
(I am not referring to light wallets, but the conventional wallets for PC.)
The Bitcoin Core wallet has this option: you can set up multiple wallets within the same program.
But it seems like Dogecoin's wallet software is a single wallet itself.
Perhaps one has to have 2 wallets on two different PC's to transfer the coins from one wallet to the other. I think.
TreasureHunter
Well-Known Member
Active Addresses last 24h - this is how many addresses have these cryptos - it is interesting to know, because this means relatively few (VERY FEW) people own cryptos in the entire world.
I personally don't think we're talking about more than 3 million people. I think it is rather 1-2 million with multiple addresses.
Any of these below could grow 10-100x, if cryptos would become even more popular.
Active Addresses last 24h:
827,128 Bitcoin
770,569 Ethereum
228,261 Litecoin
76,186 Bitcoin Cash
48,635 Dogecoin
1,499 Reddcoin
[source: https://bitinfocharts.com/]
I personally don't think we're talking about more than 3 million people. I think it is rather 1-2 million with multiple addresses.
Any of these below could grow 10-100x, if cryptos would become even more popular.
Active Addresses last 24h:
827,128 Bitcoin
770,569 Ethereum
228,261 Litecoin
76,186 Bitcoin Cash
48,635 Dogecoin
1,499 Reddcoin
[source: https://bitinfocharts.com/]
wondercrew
New Member
I hope Elon's twitter will stop influencing the market this much. Doge coin is shit.
TreasureHunter
Well-Known Member
Doge is like a "Hello Kitty" gadget, very popular and it is also traded on exchanges. I think it will bounce back.