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How well you know Dogecoin?

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  • How well you know Dogecoin?

    Dogecoin, as we know has really gained popularity in recent times, but how well you know it? Let’s here share facts about it.

    It was launched in December 2013, it wasn’t taken seriously given it was considered just like already established crypto currencies and not many expected it to last too far, but things changed and they did rapidly. The biggest difference is that Dogecoin miners require 1 minute confirming a transaction which is lesser than any other competitor aka BC or LC while it has no cap on the number of Dogecoins that we (users) can mine.

  • #2
    Thanks for sharing, I wasn’t aware of it and to be fair, I think there are just so many digital currencies now days, it’s extremely hard to keep track. I think you might have good experience, so can you tell me whether it’s good to invest in these coins? I am thinking of investing at least 1k over these coins like Dogecoin or Litecoin which are highly popular especially after BTC and perhaps can be useful for investment.

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    • #3
      Plamen, It’s much better to invest into Bitcoins instead of those digital currencies, I have very low hope/expectations from them, so that’s why I will not really be suggesting anyone to have their investment on there. It’s likely that we will see Bitcoin rise up in coming years, so if you want to invest than rather do it there instead of worthless coins like Lite/Doge and such because they are unlikely to go anywhere at all.

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      • #4
        These are interesting facts to know about. I like to add few more things to this that I have found. A total of 100 Billion Doge can be mined while still we can’t be sure about the future of Dogecoin because there are just too many out there and have it’s own limitation, so that’s why it’s bit doubtful to talk about the future of this and we need to be very careful with how we manage this.

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        • #5
          Not much too really write home about Dogecoin, but still nice to know some details. I am not entirely convinced about using such Crypto Currency while if we need to invest then we need to do it at something worthy and have good value while it makes absolutely no sense to put it down to stuff that’s not reliable or trustworthy at all because then it makes much worthy for putting time into it.

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          • #6
            You can’t really be knowing all Crypto Currencies, as there are just too many out there and Dogecoin is hardly popular or worth knowing. The rates you might check is just going down or stuck at same place for long time now. At least, it’s a sort of thing that doesn’t increase anyone’s increase in this Crypto Currency. However, thank you that you shared the details you knew, it’s always good to share something.

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            • #7
              It’s really forgotten one and not much interest is there in it, I think we won’t see this really going anywhere, it’s the biggest issue with some of these Crypto Currencies that they are often hell hard to gain from and once they are stuck, it’s like forever that way and that’s where we need to be extremely wise and careful not to put our hard earned money over this or else we could really get stuck in.

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              • #8
                Almost nothing and I have no interest to know about it at all. Last checked the valuations were too low relative to USD and hence not seems like a serious competitor. I would rather stick with a few good ones rather than trying everything. There would be time, money and effort factor to be considered too!

                There are all sorts of coins out there from good, bad and ugly. It is up to you on to select the best one that suits you the most!

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                • #9
                  Dogecoin is not a great asset now but it has a very good potential in the future. Definitely there is a new wave for the coin and any time coin can surprise everyone who is against it. Dogecoin being used in many places games and mining faucets now days it's easy to be found unlike bitcoin but when we see the cap of doge passing some other coins that when we start to panic and get into fear of missing out the coin and jumps in when we are already late. So best thing to do for any coin and particularly dogecoin is to read the news and keep updated and take actions when you can.

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                  • #10
                    I don’t really know all that much about this but I am not even interested. Because, I don’t see much potential of this and why put time into something that’s so little on gaining.

                    It will really not take us anywhere, so we must put our time and investment only where there is comfort and good chance of gaining. If we manage that through accurately then we will really be able to achieve a lot and that too comfortably.

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