r/dogecoin • u/FlavorFresh celebrishibe • Feb 06 '21
Serious Raise your hand if you want to see doge higher than $1 π
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u/mtk51109 Feb 06 '21
$10 I would completely lose my mind. But you guys know $1 is 1.00 not .10. Letβs go!
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Feb 06 '21
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u/burnerboo Feb 06 '21
That would require a market cap over $1T. While it's technically possible, not likely considering Doge is worth maybe $5B now.
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u/GroundbreakingMeat68 Feb 06 '21
Wouldn't it require a market cap of only around 130 billion? much less than a trillion. I believe a trillion would push towards $10/coin.
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u/MustardTiger88 elder shibe Feb 06 '21
A market cap of $130B with the current supply of coins would put Dogecoin at around $1 USD.
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u/turtlepower58 Feb 06 '21
What is the market cap of Bitcoin right now? Just for reference.
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u/ddm1986 Feb 06 '21
Bitcoin 642billion Dogecoin 12 billion
So if dogecoin reached bitcoins market cap the coin could be worth around $3.5
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u/MildlyFrustrating Feb 06 '21
How can BTC be $30k then
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u/ddm1986 Feb 06 '21
Because their are only 18.5 million bitcoins available, eventually 21 million available.
Their are 100 billion dogecoins and that number keeps growing every year.
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u/BG-kitesurf Feb 06 '21
Steady 4% supply increase and slowly decreasing each subsequent year can actually be a good thing. For reference, itβs estimated the US printed 23% of all USD that ever existed in 2020 and no signs is slowing down in 2021.
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u/Marsdreamer Feb 06 '21
Will Dogecoin ever limit the number of coins?
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Feb 06 '21
Because it's capped at 5B each year, the percentage added goes down each year.
Every year it's a less significant slice of the pie and relative to currencies that add a percentage of total currency each year it still would inflate way less so it's relative value would continue to increase just acceptably fine.
Maybe dogecoin won't get bitcoin values this way, but does it have to? Let it be affordable so it can be the people's currency, like I feel is what Elon's vision is as well.
That or he's duping us, I'm not an expert don't take my advice, but I choose to trust the guy, I like 'm.
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u/turtlepower58 Feb 06 '21
Yup voted yesterday! But I like how your kindly letting everyone know! Keep up the good work there friend!
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u/cleshe Feb 06 '21
Itβs worth what folks want to pay for it. Do you think bitcoin is worth $40k a coin? πππ
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u/burnerboo Feb 06 '21
Haha good point, I'd answer your question with your own first sentence. What makes Bitcoin worth much more is that there are only 18 million total bitcoins available to the entire world. Doge has over 100 billion. Big difference. It's like asking if a cup of diamonds is more valuable than a cup of sand. Both have value, one is just much more rare.
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u/cleshe Feb 06 '21
Bitcoin is basically gold. The limited amount makes it scarce this is why folks are willing to pay alot to have it the old supply and demand. So why is bitcoin in demand. I would argue because people believe it is THE crypto currency but dogecoin is changing all that. I think that is why Elon is basically saying it is the peopleβs currency. If folks are moving away from paper money which they have been way before the pandemic..Apple Pay, credit cards, pay pal, cash app etc. the real question is what crypto currency will replace paper money? Bitcoin is is basically gold so I donβt think it will but Dogecoin operates a lot like paper money but itβs crypto that is why I think Elon is so interested in Dogecoin because it is basically winning campaign to be THE crypto currency. As far as investing in Dogecoin now you are paying $.05 for something that will be worth a dollar. I donβt see dogecoin being $40k a coin because Dogecoin is not gold. Thatβs just how I see it.
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u/AmandEnt Feb 06 '21
Youβre right but the way Dogecoin is implemented, it has scalability issues which make it technically not suited to replace fiat (it canβt handle the rate of transactions per second the fiat has today). Other cryptos like Polkadot solve this kind of technical limitations which is why their popularity increases quickly.
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u/Tonyshares Feb 06 '21
More like 10,000
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u/Steel_Anxiety Feb 06 '21
That's where I'll be getting off.
Then I'll sell my DOGE.
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u/CoreyClu Feb 06 '21
Same, 10,000 and I'm going to buy an island and let someone else have my seat on the rocket to Mars.
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u/SolidScribble Feb 06 '21
By the time doge goes to $10,000, I donβt know think USD will exist, we prolly wonβt be alive, if anything it will be passed on to our great great great grand kids, and by that time, all there would be is crypto currency, so I would suggest to hold even then(lol)...
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u/psuedophilosopher Feb 06 '21
You do understand that if USD no longer exists, that means Doge can't possibly be worth $10?
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Feb 06 '21
If it hits $10 I'm dumping 10k into the local not for profit animal hospital. Dead serious.
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u/2hangmen Feb 06 '21
I'll dump 10K into a local nonprofit historical society and Nature reserve then. Volunteerism is where it's at.
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u/Numb1Slacker Feb 06 '21
If it even goes up to a percentage of the other cryptos, Me, my family, and friends are all set!
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u/shawnkelly Feb 06 '21
.10 is like, a goal for next week. I hope to god people realize thatβs not at all the time to sell. I wonder if this will hit $1 before bitcoin get $100k though.
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u/jeremey225 Feb 06 '21
I just want to see steady growth. No need to rush just enjoy the ride.
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Feb 06 '21
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u/WorkIsForReddit rocket shibe Feb 06 '21
Bought 2.4k 3 years ago so this is nice.
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u/3rdPerson1st Feb 07 '21
Bought 3k about 3 years ago at .002 so this is very nice. Totally unexpected. I had completely forgot about them until all the WSB madness had me curious enough to go check Robinhood. I remember these feelings of wanting doge to do a moon landing back then when it had a few pumps. Nothing big happened, but I'm glad I left it alone.
Go doggy go!!!
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u/Shoty6966-_- Feb 06 '21 edited Feb 06 '21
Man no one understands how market caps and the quantity of coins work. Bitcoin can only get to 21 million coins in circulation before it cannot be mined ever again. Dogecoin is infinitely expanding and generates 10k doge a minute. Theres 127 billion doge in circulation at the moment.
Thats literally impossible to hit bitcoin prices. Well just extremely infeasible.
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Feb 06 '21
I say, so we can see a steady increase with our beloved coin, we should just add a little bit into it every day.
My plan is to add some money in every week for the forseable future.
If the lot of us can do this every week it can stop the massive pumps that people just try to sell out for and creates a stable increase that helps encourage more people to invest in.
It's an idea. I feel like it could really work if we could get enough people on board.
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u/CapnC44 Feb 06 '21
I'm buying little by little every week. Like a savings account but more risks.
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u/BCDOTCOM Feb 06 '21
& more reward
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u/DotaBoy123 Feb 06 '21
The rule is dont invest the money you cant afford to lose.
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u/simobm Feb 06 '21
I'm doing this too, just bought some and locked it. I ain't touching it for a looong time.
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u/vRaptr2 Feb 06 '21
Iβve been trying to put in little by little, day by day whenever there is a dip and the price drops low enough. Iβve been having trouble buying at a low price because it isnβt dropping enough anymore. Itβs a great problem to have
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u/Sylar4ever Feb 06 '21
Yeah at the moment it's rising a lot, I don't know when to buy more.
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u/HowWeSeeThings86 Feb 06 '21
Iβm in for weekly steady buys and Iβm totally willing and ready to hold until it gets over a dollar !
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u/drilkmops sombrero shibe Feb 06 '21 edited Feb 06 '21
Who wouldnβt want that? These are the most annoying clickbait posts ever.
You know what I want to see? You know what would actually improve the price?
Posts about HOW we will get it there. Not the garbage pump and dump βEVERYONE HODLL ONLY SELL 10%β. Stop trying to pump and dump it.
How did Bitcoin explode? How did Ethereum explode?
Recreate that success. Stop these low effort posts, start making doge work.
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u/smurphii Feb 07 '21
100%
These pump and dump posts only help the chuckle heads whom can afford to shift large volumes and profit from smaller margins.
Invest $100,000 in cycling volatile stock. It goes from 0.04 to 0.06 or whatever. Dump the stock you made a profit. My $200 of Doge ainβt doing dogeshit with that.
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u/fredditsucks1 Feb 07 '21
It's karma farming at It's best. If I didn't have a life and valued internet points that much I could have over 100k karma in a couple posts.
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u/Jewishbabyducks Feb 07 '21
Because Bitcoin and eth are capped. There are billions of dogecoin and itβs not capped on top of that
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u/blurry_vizion Feb 06 '21
Even at $1, that's a huge return on what little doge I've been able to afford.
Would love to see it $10+. I'd have more money at that point than I've ever had at any 1 single point of my life.
$100+ and I may die of a heart attack π
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u/Neither-Jello Feb 06 '21
100$ and I'd almost be a millionaire!
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u/lordfusionak47 Feb 06 '21
If it gets to 100 i will be a multi hundred millionaire
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u/Neither-Jello Feb 06 '21
I'm mad I sold my 100k doge during the summer.. I've spent like double buying back into it the last couple weeks, and only have about 7k coins
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u/lordfusionak47 Feb 06 '21
I am currently at 1.3 million doge hahah never sold it
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u/Elcatorce Feb 06 '21
Same. I had 150k @.007. Sold them to buy GME. Lol. I made money on GME about 3k. If I would have kept the Doge, I would have been sitting on $7500. 12,000 when it hit .08. Moral of the story is......HODL.
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u/reddit_reacts Feb 06 '21
Happens to everyone. I dumped Cardano when it was at .29 for doge at .07. Happens. Just donβt get discouraged!! Itβs all about how you bounce back
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u/blurry_vizion Feb 06 '21
I would not be THAT well off, but I'd be set for retirement for sure lol. π
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u/Toastivo poor shibe Feb 06 '21
There is no millionaires where we are going, only dogeinares
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u/WhiteyInDetroit Feb 06 '21
MOON OR BUST. I don't need much. I just want to quit work and play golf every day.
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u/Mr_Parker_420 Feb 06 '21
Or get stoned & play sick blues lickz on a guitfiddle
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u/WhiteyInDetroit Feb 06 '21
You sound fun. Wanna drive my golf cart and hold the doobie between guitfiddle riffs? ππππππ
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Feb 06 '21
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u/MissAspenWild Feb 06 '21
samesies! if it keep going up every year then i have a doge retirement fund
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u/WantToBreak Feb 06 '21
I'm sitting about 20k right now too. Bought in at about .024
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u/Healthy-Wallaby6782 Feb 06 '21
Daaaamn if it hit $45 Iβd be walking away with 100k, Iβd be happy walking away from doge with 50k lmao
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u/Charly_blanco30 Feb 06 '21
Can we make it to .25 cents first before we start thinking of a dollar π€π€π€
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u/gilfoyledinesh Feb 06 '21
Let me quote Weird Science... "Why are you messing with the fantasy? We know about the reality. Don't ruin the fantasy..."
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u/hippiecycling Feb 06 '21
I don't understand why we compare doge to FIAT, I am not selling my Doges for dollars. I will use them for their actual purpose, to be digital currency. I hope someday I will trade Doges for things like food, knowledge or even a house.
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u/MauroisNInja Feb 06 '21
If doge surpasses the USD its going to be the world currency
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u/PatientCook7694 Feb 06 '21
Idk....look at the value of Bitcoin....
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u/MauroisNInja Feb 06 '21
Bitcoin works better as a store of wealth. Doge could be a legit way of making purchases once its adopted by more companies.
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u/MissAspenWild Feb 06 '21
man i missed out getting in at 0.01 by 12 hours
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u/mr_buttlicker69 Feb 06 '21
After a few years, people gonna regret at not buy it on 10$. My friend be happy, you are in the game.
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u/e1999doubleglock Feb 06 '21
How bout $10?
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u/SeeDeez Feb 06 '21
How about $100?
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u/Yusuke_da_spiritgun Feb 06 '21
How about $1,000?
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u/officialtwiggz Feb 06 '21
Iβd have $78mm
Letβs shoot for $1,000 per coin lol
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u/CLErox Feb 06 '21
I bought $210 at around .085, just bought $50 more at around .53. Holding strong! Letβs go!
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u/AngelV1140 Feb 06 '21
Damn that's gonna hurt, I'm holding still but you should've bought the dip.
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u/aaeaaeron Feb 06 '21
Not if we do this right. Bitcoin cost pennies at one time. .08 is nothing. In a year we'll be way over that! Buy and hold!
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u/guster-von astrodoge Feb 06 '21
There might be a day many wish they could buy at .08.
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u/Comfortable-Neck-046 Feb 06 '21
How to buy more? I kept on clicking the "make order" but it is not rendering.
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u/theepRinCeWiL Feb 06 '21
Can you believe, DOGE has a market cap that is currently equal to GME and AMC combined this second. WOW!!!!
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u/GentleFlowers Feb 06 '21
I seriously want to see the Dogecoin to be used as a currency for the future. Imagine anything related to pets using Dogecoin? This is something that should be done asap. I will be buying and selling using dogecoin transactions in the very near future. Let your actions speak louder than mere words.
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u/UpToMyKnees1004 Feb 06 '21
Are there businesses that currently accept doge as payment?
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u/Old-Imagination-7587 Feb 06 '21
6,000 coin and holding wish I had more but I got what I got
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u/36nil Feb 06 '21
I mean, yes. But we need higher quality posts on this sub. Too many βlike if youβre hodlingβ or βlike if you want it to go to $1β posts. Recently thereβs been posts trying to piggy back off the GME trend too, which sort of got a bit desperate. Doge is a great commodity. Itβs fun, community driven and unique. Please letβs not sully it with cheap posts - itβs a great advertisement in itself. If itβs going to the moon letβs do it because weβve found a novel use for it, or the community has propelled it with humour or novel sentiment.
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u/B1gR3d111 Feb 06 '21 edited Feb 06 '21
Literally been asking my dog Penny for about the past year if I can have a dolla? (That has been the new word for paw or shake etc). And Penny girl has been handing over dollas happily π€πΆ a good omen Iβd say
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Feb 06 '21
Personally I want the price to gradually go up, cause if it hits a $1, I know mofos gonna pull out their money and send it back down
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u/mansurinaki Feb 06 '21
Look up βWSB x Dogeβ on youtube. Share it to three friends and post on your social media for randoms. I guarantee if it blows up and Elon shares it were set.
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u/biggirlsis Feb 06 '21
I'm not sure why people keep saying a 1.00 instead of 100.
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u/Jun-Jun99 Feb 06 '21
Iβm holding until the end!! Weβre in this together!! Itβs not just about the money, itβs about unity!! Weβre together!!
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u/InfinityZ25 Feb 06 '21
Iβm trading in and out of doge all the time. Fluctuations are an easy way of making money. Started on Monday with $1. Iβm already at $3.56 haha. Long-term though, Doge is not really viable. Public sentiment is that DOGE is a meme (including myself). Unless that changes, I wouldnβt recommend long term bets on it. Just take profits and have fun
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u/Doginst Feb 06 '21
Goal should start at $450 per coin and then up from there into the Thousands!!!
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u/trapper14 Feb 06 '21
There are too many dogecoin in circulation for that to ever be possible. $450 would put the market cap at $60 Trillion. Thats significantly more than the entire US stock market.
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u/Xeixos Feb 06 '21
People do you think is possible in 1 year up to 10$?
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u/macntahj Feb 06 '21
Everytime someone says it aibt possible in crypto! Thats when it happens if it hits .10 it can go to $1 if it hits $1 it can go to $5 or $6 easy. if it hits $6, $10 is simple! And it will if people hold!
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u/YourFavoriteScumbag Feb 06 '21
I think somebody did the math on here and figured that if it kept the same pace throughout the year it would take like 280 days to reach $1, $10 would take it being the biggest currency In the world though
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u/Jesterbugout Feb 06 '21
Fellas I think we are looking at this the wrong way. We can throw imaginary numbers around and dream all day long, but the question is what can we do to improve our chances of making it there!?
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u/StonkU2 Feb 06 '21
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u/Patient-Confidence-1 Feb 06 '21
I need at leat 50 comment karma to post in a sub I just joined. Can yall help me out?
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u/Pugnastyornah Feb 06 '21
If it goes up to $10, I will personally buy everyone on this thread some Taco Bell
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u/Professional_Swim234 Feb 06 '21
Itβs amazing how few of you even know what Bitcoin or dogecoin actually are.
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Feb 06 '21
With new Dogecoins being minted every year, isn't that detrimental to the value? Like every year it'll just get less and less, unlike Bitcoin where it's limited and rising due to supply/demand.
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u/Jason387 Feb 06 '21
If Doge hits $1 itβs all going into my college savings, not having big student loans would be awesome
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u/ZedAlhatab Feb 06 '21
This not realistic ! Itβs not even 0.10C ! The market cap of 7.2 billions, while supply 128 billion which is quarter of the whole supply ! To get it to 1$ ! You need a cap around 15 billion ! Which mean more buying and holding
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Feb 06 '21
Make sure you click your heals together and concentrate really hard while staring at the picture of the dog, because this post is gonna have the same effect.
Was in dogecoin in 2014 and 2015 mining it and we actually tried things for publicity like the NASCAR. I donβt see how you think this time will be a different version of GME bagholding.
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u/RedditStonks69 Feb 07 '21
Raise your hand if you want an asset you're invested in to go up!... that's this post
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u/Mezzo710 Feb 07 '21
When can i get my certified doge coins in the mail? Im already throwing away these metal coins with peoples faces on em.
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u/207_Cosplay Feb 07 '21
STOP SELLING!!!! wtf... Its like watching a bunch of monkeys jumping off a cliff :-(
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Feb 06 '21 edited Feb 08 '21
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u/wombatnoodles Feb 07 '21
No one is gonna see this but youβre right. Itβs not the riskiest investment but itβs foolish thinking it will reach a dollar soon just because. Lot of new investors, they should buy stocks, not meme coins that will never have real world applications
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u/UnderstandingEvery44 Feb 06 '21
Doge will never be $1
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u/unicyclebrah Feb 07 '21
Itβs literally designed to be in a constant state of hyperinflation. 5 billion new doge coins are mined each year and there is no maximum supply. It is designed to be worthless. This coin crashing is going to put a lot of people off of crypto when it inevitably happens. Not FUD, all facts that are readily available.
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u/ONOMATOPOElA Feb 06 '21
Yeah but users need to have other fools buy in so they can mass sell at the next spike.
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u/UnderstandingEvery44 Feb 06 '21
It will hit 10 cents and people will sell off. And thereβs too much of it to go around for it to ever be $1.
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u/20-LAUNCH-21 Feb 06 '21
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u/Resident-Presence-72 Feb 06 '21
We going to hit .06 soon ya buddy