Dogecoin (DOGE) Discussion Thread

[Rekkapryde]

This 100%.

All crypto will struggle because the HFs are liquidating to deal with AMC/GME.

Once those two stocks hit the moon, we may start to see some of the crypto gains come back. The price across all coins dropping is not an accident.

bout to re-up on more with this dip

 

[(ALi)]

Keep buying the dip fellas.

 

[BushidoBrown]

Keep buying the dip fellas.

 

[null]

Keep buying the dip fellas.

 

[Skooby]

Pretty sure y'all know by now but DOGE is on Coinbase.

 

[Gunz&Butta]

This shyt better go back to 40 cents so I can take my money and dip. Bought 11000 coins at 31 cents only to watch it dip to 20 cents.

 

[old pig]

This shyt better go back to 40 cents so I can take my money and dip. Bought 11000 coins at 31 cents only to watch it dip to 20 cents.

it will…just not soon…this why I hate to see ppl being encouraged to buy shyt in the midst of a bull run…shyt can be discouraging just waiting for your bag to break even…guess what the smart/patient folks will do? they gonna wait til no one is talking about DOGE other than to crack jokes, and buy that shyt low and sell it in a few years when folks are excited about bitcoin/cryptocurrency again…maybe consider doing the same when the price is right so that you can lower your average cost and make some money too instead of hoping just to break even

 

[Gunz&Butta]

it will…just not soon…this why I hate to see ppl being encouraged to buy shyt in the midst of a bull run…shyt can be discouraging just waiting for your bag to break even…guess what the smart/patient folks will do? they gonna wait til no one is talking about DOGE other than to crack jokes, and buy that shyt low and sell it in a few years when folks are excited about bitcoin/cryptocurrency again…maybe consider doing the same when the price is right so that you can lower your average cost and make some money too instead of hoping just to break even

I got all the patience in the world.
My breakeven point is 31 cents. If/when it touches 37 or 40 cents, im good. No need to be greedy.

 

[BlueHeffner]

 

[Professor Emeritus]

it will…just not soon…this why I hate to see ppl being encouraged to buy shyt in the midst of a bull run…shyt can be discouraging just waiting for your bag to break even…guess what the smart/patient folks will do? they gonna wait til no one is talking about DOGE other than to crack jokes, and buy that shyt low and sell it in a few years when folks are excited about bitcoin/cryptocurrency again…maybe consider doing the same when the price is right so that you can lower your average cost and make some money too instead of hoping just to break even

Why would dogecoin be the crypto to come up "in a few years" when there are thousands of coins out there? There's no objective reason for it to increase in underlying value. If you get lucky then maybe someone will run another pump-and-dump on it and you'll time the dump correctly....if you're unlucky they'll have just moved on to other meme coins and it will never happen. Either way you're spending time waiting with all that dead money just sitting there doing nothing in the meanwhile.

Doge is one of the most "of the moment" coins out there, it ain't got no reason to be guaranteed higher in the long run. If you have specific knowledge of an upcoming pump-and-dump and think you can time it correctly then buy it. Otherwise smart people are gonna make better investments with their cash.

 

[old pig]

…smart people are gonna make better investments with their cash.

then you would be inclined do so…I had a longer response typed out but with smart brothers like you and @TENET I get the impression you just want to get your debating chops off and I don’t think it would be a productive back and forth

I’ll just quickly say you are right about DOGE being one of the most “of the moment” coins out there…it’s been “of the moment” since 2013…the first meme coin…and now with shyt like AMC/GME, I’d say DOGE is the first meme investment that sowed all these seeds…I never took it seriously based on functionality and it being a “logical” investment but it made me understand how important/effective community is to a cryptocurrency project…again you’re kind of right, there is no “logical” reason for DOGE success outside of its community which is the reason why the one stock trading platform that allows crypto trades has it listed alongside the likes of BTC and ETH

…and as crazy as crypto appears to be on the outside, it’s a little bit more predictable/pattern-based with a lot of activity centered on the halvening (BTC)…if things go as “expected”, there’ll be a period of dormancy that’ll start next year (it’s already seeping in imo) and will probably last til around 2024 (the next halvening)—barring another global crisis which slowed things down last year and “postponed” the run that kicked off this cycle

…and yeah there are thousands of coins out there that’ll run up again during that time with BTC, ETH and DOGE leading the charge…2024 is a long way off…and I don’t do “I told you so’s” ESPECIALLY if things go as I expect bcuz I’ll be too busy, but hopefully you’ll remember

 

[null]

you and @TENET I get the impression you just want to get your debating chops off

 

[old pig]

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these traditional trading platforms ready to capitalize off this shyt too

 

[KyokushinKarateMan]

 

[King Jove]

Dogecoin co-creator Jackson Palmer isn’t on social media much. After nuking his YouTube channel and turning his Twitter account private back in mid-2019, the software engineer hadn’t made a peep on the platforms at all; not even when prices for his meme-y crypto reached record highs earlier this year. That blackout ended today when Palmer briefly resurfaced on Twitter with an important reminder: cryptocurrency’s a scam and always has been.

“After years of studying it, I believe that cryptocurrency is an inherently right-wing, hyper-capitalistic technology built primarily to amplify the wealth of its proponents through a combination of tax avoidance, diminished regulatory oversight and artificially enforced scarcity,” he tweeted out on Wednesday afternoon.

Palmer went on to say that while crypto’s biggest fans often point to it as an equitable alternative to the Big Banks because of the currency’s decentralized nature, the truth is that the two share the same problem: rich people. As he (rightfully) noted, the bulk of the crypto community is controlled by “a powerful cartel of wealthy figures” who are turning decentralized finance into a system that largely benefits those at the top—kind of like the centralized systems crypto claims to replace.



Cryptocurrencies, generally, have had a hell of a year. Bitcoin, the most well known of the bunch, saw its price peak at over $63,000 in mid-April before crashing a month later to the mid-$30,000s. Dogecoin, meanwhile, rode the crypto boom “to the moon,” as they say, jumping from about $0.06 per dogecoin to over $0.68 per coin, then similarly plunged to somewhere in the middle. The entire time, of course, the value of crypto at all remained debatable.


Palmer’s full thread itself is well worth the read, even if you disagree with what he’s saying—and there are going to be plenty that do. One of the many awful traits of the crypto community that Palmer points out is that “even the most modest critique of cryptocurrency will draw smears from the powerful figures in control of the industry,” not to mention the ire of everyday investors terrified of losing it all. Just something worth remembering when those figures inevitably fart out some bad-faith tweets saying Palmer’s just jealous he never cashed in when he had the chance.

Dogecoin Creator Says Crypto Is a Scam