I did some research before responding and do not like what I found:


Now DOGE is a "virtual gangster" working for the dark side?
Horrible image/terrible marketing/huge fail.

Before the first one, 50% of the coins were mined, which still left a lot of new coins to mine (and dump) in the future.
In 5 days, 75% will be mined.

For simplicity's sake, we don't count those coins that will be mined after 100 bln. milestone is reached, because that number is not significant (only 5 bln. per year, which translates to total supply of 130 bln. in 2020, so there will be a sharp dropoff in newly mined coins with each halvening and even more so when 100 bln. milestone is reached). To compare, Bitcoin and Litecoin will have higher inflation numbers in 2015-2020 than Dogecoin.

Back to the point. 75% coins will be mined in 5 days, which is an awlful lot, and we have all seen the price bounce from 90 satoshi low a few days ago, which clearly shows strong demand at that level and all that supply is not able to push the price lower than 90 satoshi. In short, there are enough people who believe in Dogecoin and who have a lot of vested interest to make it big. And with the miners not being able to dump a lot of coins after the second halvening, the price has nowhere to go but up. Not reach all time highs yet, those will come after July.

You can search back my posts from 1-2 weeks ago in this thread, I said the 90 satoshi is the floor, well, I still believe that, and 150 will be the new floor in May, 200 in June, 250 in July when the third halvening takes place. You can quote me on that.

Traders and investors generate primary demand. Then come users. It works like that with anything. For Bitcoin too, otherwise Bitcoin wouldn't have sprung to $1200 and then down to $340, those swings can only be explained by trading demand.

If we were to use your logic, name me one reason we need BTC for? There is not one shop/product out there where I can't use fiat in any form to get it. (I keep 55% of cryptos in BTC by the way, so I am not biased and try to be objective for any coin).

The reasons for Dogecoin to exist are both the same as BTC/LTC, or tons of other cryptos, and may be there are slightly different reasons too.

One big reason is the need for diversity, because everyone wants to be the first. Why buy expensive BTC if you can buy other coins for much less (relative to bitcoin divided by supply of course) that do exactly the same. In any case, I believe in diversifying, don't keep all eggs in one basket. Shuffle the eggs back and forth according to their features (fundamentals) and technical trading patterns. That approach makes most sense.

I don't agree that everyone mines just to get BTC cheaper. There are some who mine only to dump to get BTC, that's true, but far from all, in Dogecoin at least. Some initially got in to get BTC cheaper, but then decided to keep some of their Dogecoins because they now see value in them.

I am making the point here that those who wanted to dump Dogecoin to get BTC have already dumped, and with the rewards getting less and less, only true hodlers and believers will stay very soon, we don't have to wait too long for that per Dogecoin's reward schedule. The 90 satoshi floor where the price bounced shows that is where demand from investors comes in. Investors think long-term, they either care about the coin or care about much higher prices of the asset than day traders. Day traders do their job and they can leave, who cares.

Inflation/deflation, valuation levels, hashrates, community support - these are all factors to consider. If you consider just one of them, well, I would say you may not fully enjoy the rewards down the road.

Such wow! Very soon! Much halving! Such countdown!

http://doge.coinpoint.org/

WTS
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Such beautiful tattoo

I am a bit afraid because before the first block halving the price already explodes one week before. When i look @ the price now I dont really see any movment.