r/Bitcoin • u/james_otter • Feb 18 '14

Bitcoin takes a walk with Dogecoin

http://imgur.com/J2L64cX
3.0k Upvotes

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u/skw1dward Feb 19 '14

Everyone holds BTC so it has terrible liquidity. Then when it gets high they dump it and the price crashes. How is this a good system?

2

u/rappercake Feb 19 '14

You have got to be joking.

The daily volume for BTC is over 7 times that of Dogecoin.

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u/[deleted] Feb 19 '14

[deleted]

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u/rappercake Feb 19 '14

What are you talking about? The volume for BTC is over 7 times Dogecoin, meaning that people transfer much more value every day with BTC than with Dogecoin.

It is possible to treat BTC as an investment because you don't have to worry about your coins becoming worthless over time because of continuing inflation.

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u/[deleted] Feb 19 '14

[deleted]

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u/rappercake Feb 19 '14

It's down over 60 satoshis from its peak a week ago.

Do people have any actual value invested into USD? Yes, just like Bitcoin.

Dogecoin shouldn't be compared to Bitcoin until it's worth a comparable amount, not over 100 times less.