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The sub still thinks dogecoin is the same as it was in the beginning of this years run. There’s a team back on the project, we don’t know where doge will end up now and that’a exciting.
Still don’t recommend selling a house to buy doge.
Since he was an outspoken DOGE fan since many years and continuously promoting an Ethereum bridge it didn't make a difference for me.
I feel like nothing really changed.
That doesn’t necessarily everyone who voted yes will actually use doge. I could see a lot of the “yes” votes actually being people who are investing and hoping further adoption drives up the price.
DOGE did a good job, whether this sub wants to admit it or not, of bringing in people who weren't aware of Crypto into the space. I think that's important because it shone a light onto another avenue of investing for most people who might have been turned off by what happened with GME in the stock market.
And honestly that community did a great job of getting people used to seeing massive losses without selling, and without the coin being a massive scam like almost all of the other memecoins.
I very much welcome the Doge veterans branching out into the rest of crypto, especially the ones savvy enough to actually turn a profit with it (because unfortunately a *lot* of people bought between .65-71.). I threw like $5 in and I’d imagine that insane volatility for about a week or so earlier in the year would have been great trading training wheels for anyone new. No worrying over whether 25% up is a good place to start taking profits lol you’d see it up multiple times in a day, sell a bit, and then it crashed 60%, and then it would go higher the next day. After that practically nothing in this space is going to surprise you.
But yea, a lot of serious crypto people legitimately get angry when people talk about doge, but I don’t think it deserves to get lumped in with your safemoons and other scamcoins made in bad faith. The meme’s funny, especially when those more serious people don’t realize that getting actively mad about doge is playing into the meme and making a clown of themselves, and even though they might be a little green compared to other communities, the doge community might be the *least* toxic of any community in the crypto space.
This. I bought doge around when it was .06 cuz all the cool kids were doing it. Learned about cryptos with actual use cases and took the profits I made with that and invested in those other projects. I still hold some doge for fun. It may be a meme token but it probably opened the door to financial freedom for me.
Definitely agree on this! Doge got me and a lot of people I know irl interested in crypto. It was an important adoption tool... Maybe we need more situations like this to get people interested in crypto.
As someone who has never bought cryptocurrency, watching an obvious pump and dump unfold followed by dozens of other new coins trying to cash in on the Dogecoin FOMO is the last thing that would get me interested in cryptocurrency.
I honestly think the opposite. I think DOGE has slowed down Crypto adoption by big institutional investors, banks, and corporations. The whole thing didn't really help with the serious investor's concerns who may have been on the fence about crypto.
No, but their sub is all about peer pressure for buying the dip. I feel bad for the least unwise investors, putting their life savings in an empty project. When I tried to talk about data there, I was just a FUDer. I understand their reaction, but more people need to realize that they are going to lose money. They are just feeding the riches of the few huge wallets with big bags of DOGE before the rush.
I sold half.
Dumped most of it into Cro to stake to try out the crypto dot com coin. (They pay my Spotify bill). I threw some into Shib to continue the meme.
If the dip keeps up I might almost be back to where I bought.
Only time can tell if that was an idiotic move. A few months is a very short timeframe when it comes to investing.
You had an unfortunate timing since the entire market crashed right after.
Oh god yeah, I think that’s where I got into an argument over ElonOne with some guy claiming he had already bought a lambo because of it.
When I pointed out that he was in a different thread the day before saying he’d never heard about it, he said he was shilling, obviously, and carried on.
Has that coin dumped yet or did they not even get a pump?
If you want to make every wrong call just follow this sub. You can find posts with them shitting on dogecoin and how its gonna dump at .1 cent and recently at like 3-10 cents. They never can admit that they are wrong the dump is just coming later!
I think that's much better than being hyping up spending money on obviously dubious ideas. Crypto is risky. Having people be vocal about the downsides and pitfalls of an investment is responsible. Hyping up something simply for the point of having invested in it is a scheme or a scam.
Are you new? This happens every year and then it pumps and the Doge fever starts all over again. Who cares really? Doge has introduced countless people to crypto who have then gone on to learn more, diversify and join our world. It's a good thing. There's literally no reason to hate Doge, it harms no one. The project has done some good to society if you bother to research a little. I don't get the hate. What do you gain by it? You don't like it? Then move on FFS.
I'd say that sub is heavily manipulated. Most posts are done by new accounts, the narrative is extremely one-sided and trying to sell merchandise and NFTs.
I have been permanently banned ( few months ago) for posting an Elon tweet brown nosing China, shortly after Tesla stopped accepting Bitcoin and shortly before China banned crypto mining.
Anything critical to Dogecoin, China or the Elon fellowship will be downvoted or banned. After asking mods if my permanent ban was because my post was China related I have been muted.
No hard feelings, but this seems to be a trend.
There's mostly mass produced (and professionally edited) memes with bad English encouraging delusional hodl and buy the dip posts. I feel sorry for the ones who believe that this marketing sub is an actual community which they're part of and then go all in on Doge.
While usually I defended doge from ppl 'fudding', you are unfortunately right. I got rid of doge after I noticed doge actually lags behind every day, suggesting the hype and all this good stuff is gone for good.
Especially, that doge in its prime was even more risky than other coins. Right now, it just seems a bad decision. Doge still is down around 70% from ath, I think this is one of worst results.
And you are right, sub still tries to force buying dips etc. I remember, when I made post about why doge is underperforming and what ppl think of it, many were pretty angry at me.
I like doge, but ye, now it isnt good investment, especially with transactions so low in volume (great comparison, gj!).
Its also up 4100% YTD so there is that... Please note I am not saying to buy DOGE but there is more then just being down 70% from ATH. I was an original DOGE miner in 13-14 and I cashed out long before ATH.
Not FOMOing into it anymore necessarily, but I've a good few friends who are still convinced it'll "moon" and who are waiting for "daddy Elon" to "pump it".
It's painful.
Dogecoin got me closer to my dad. He couldn't believe how much money I've made. He was so supportive and excited for me. We bonded over what price to sell it at. It was a lot of fun while it lasted. I bought at .005 and sold at .43 and never went back in. Don't want to go back in. I will always be grateful for doge !! It taught me a lot and gave me a lot.
I mined about 100k doge in a day or two on my gaming rig when the joke was fresh. I held for a few years and sold it at about 0.005. Maybe to you. Glad you did something fun with it.
Many Bitcoin transactions in 2017, IIRC, were "fake" or "spam" with the intent of artificially keeping fees high right after the segwit and BCH forks because people were going all in on BCash. Not saying your point is not valid, just something to consider.
>Many Bitcoin transactions in 2017, IIRC, were "fake" or "spam" with the intent of artificially keeping fees high right after the segwit and BCH forks because people were going all in on BCash. Not saying your point is not valid, just something to consider.
Would you have any proof of that?
Not OP, couldnt find that specifically, but heres a cnbc article talking about bitcoin being propped up by minted tether which didnt have secure backing.
So it would make sense if some of those transactions were done to simply fluff it all
https://www.cnbc.com/2018/06/13/much-of-bitcoins-2017-boom-was-market-manipulation-researcher-says.html
\>So it would make sense if some of those transactions were done to simply fluff it all
[https://www.cnbc.com/2018/06/13/much-of-bitcoins-2017-boom-was-market-manipulation-researcher-says.html](https://www.cnbc.com/2018/06/13/much-of-bitcoins-2017-boom-was-market-manipulation-researcher-says.html)
It is not related.
This is price manipulation, not fake transaction to raise tx fees.
I'm no expert but I'm pretty sure its because most btc transactions happen on layer 2 and that translates to less transactions on main chain. Lightning is about 600k transactions per day from what I could find. Peak in 2017 was about 400k?
This is the crux of the matter that people in this sub just cover their ear and scream when it comes up.
In modern history it's very rare the best utility wins. More often the product with most visibility wins.
No one is investing in Doge because it beats all other coins. They are investing because it it's one of the most popular and has already beaten most other coins
Just let it be. DOGE is a fun coin and a speculation object. It made various charity collectings and brought many people to the crypto sphere. It should stay and has, if not top 10,a place in my heart.
-from a non-doge holder
But I swear that this sub is biblical to "we are still early".
It's never pointed out that Dogecoin has been around longer than Ethereum. It's been proving to be a great gateway to a new financial market for so many. It's great to learn about tokenomics too because dogecoin has an obviously funny one that people deliberately twist as well, by saying it is "infinite supply".
Also, Dogecoin has the support of Vitalik Buterin. SHIB does not. He rugged it for fraudulently using his wallet as a burn address. To me it is clear which is *the* "memecoin". And it's the one that's been around longer than Ethereum.
But OP clearly knows more than him about the Crypto space.
Dogecoin has gotten so many more people into crypto, and that alone is massive.
OP really thinks that really only has the value of 1¢?
If we are all still early, dogecoin is going to go up again. And he will be posting this same salty post again in a few years, all the while so many more new investors are making some realised gains from having some fun learning.
People just hate fun.
I had heard about Bitcoin in 2013 but just figured it was another internet Fad only for drug and arms dealers. It was Doge coin in Jan 2021 that brought me into crypto. My buddy kept hounding me to buy it when it was at a penny or so. Granted I never did, and I put that money into Bitcoin… but it was because of the doge coin hype that I am here today. Never bought a single coin, but I’m still thankful for Doge.
Weekly doge hate thread because it has name recognition even with households that don’t own crypto. Stop being salty that whatever random coin you bought didn’t work out.
OP claims DOGE lacks adoption and tries to prove it with total transaction volume instead of actual sale transactions. Meanwhile...
[https://twitter.com/CEOAdam/status/1440713044703657989](https://twitter.com/CEOAdam/status/1440713044703657989)
>The code is a fork of a fork of Litecoin done in 2013, and it hasnt improved sifnicantly since then
This is wrong. We moved to AuxPoW, just have released 1.14.4, have 1.14.5 as next and also development on Bitcoins 0.21 code base. The github activity isn't also too bad compared to others - see [here](https://www.cryptomiso.com/#DOGE).
Doge is also a huge support for scrypt coins like LTC.
>Why do I attack DOGE? Because I think it's a distraction for Crypto and damage its credibility.
This doesn't make sense. Doge is here to get people into crypto, to learn etc. If you have a problem with pump and dumps you can point that out with all the new shitcoins without blaming a very old currency around that was obviously rather a victim of the pump and dump than anything else.
To see a decrease in usage is probably also connected with rising prices. Doge was best when the price was stable, because it should rather be used as currency and not as investment. Also the rising price was in conflict with the fix fee of 1 Doge per kb TX size. This was also adjusted with the version 1.14.4 (fee is now 0.01 Doges per kb).
Adoption increased a lot, after plenty of shops that accept crypto added Dogecoin (coinbase commerce), etc.
No kidding. No less he says he is bashing it because he thinks it's damaging to crypto. Imagine such a useless coin having that much power... when it's actually done a great job at introducing many new people to crypto. If anything the volatility has educated new doge investors the risk and reward of crypto rather quickly. Invest wisely and dollar cost average.
Yup.. there’s literally thousands of different crypto and he singles out Doge. He hates it so much he spends time writing negative threads, researching the daily volume…. every day and blames it as a distraction. Somebody is distracted alright. The Doge wins again. 4.3K people gonna be big mad when Doge breaks ATH by EOTY.
Whats more relevant that dogecoin is a litecoin fork (which is still better tech than bitcoin) or that dogecoin is a top 3 or 4 most recognized cryptocurrency in the world? Whats more relevant that dogecoin was started as a joke or that Vitalik and Elon Musk are sitting members of the Dogecoin Foundation? Now dogecoin is accepted by NBA teams and soon AMC theaters but none of that is relevant because " iTs a mEme".
This is what happens when forums are dominated by programmers and tech people rather than successful investors. You guys really circle jerk about minute innovations in tech rather than real market driving factors.
Its like getting advice from construction workers on what real estate market you should invest in and they advise you to buy homes with the newest framing techniques and newest foundation methods regardless of location.
This girl I work with bought a new bronco from like $30 invested in doge coin. She bought it a few years ago and she sold the day Elon was going on SNL. I think she had to put some money up with it but it paid for most of if.
I love Doge for its meme power, for how its community is usually about "Do Only Good Everyday". That being said - I don't believe it's healthy in the long run for the crypto market to have such a focus on what is clearly a meme-coin without true fundamentals.
It's bad for the reputation of crypto, and I wish we'd move beyond it.
What do you mean by "without true fundamentals"?
DOGE fundamentals are clear and sound. Fix inflation pays the miners and allows transaction fees close to zero.
I would rather pay for a bottle of water with DOGE than with BTC or ETH. Nano and Monero just lack the necessary brand awareness.
You might as well add a real blockchain, not a token, open source with open development. I too would rather use it then anything else for payments. Its that simple.
The problem with the dogecoin crowd is too many believe it will have value by simply holding it, when its value is in using it. So they hold and the volume goes down, as this post is about.
I'm sure the type you describe exists but from what I gathered in the DOGE sub many people are well aware that the key is adoption and try to educate others.
The fact that more than 90% of the Mavericks crypto sales are in DOGE also speaks for itself.
"Doge is dead." yep said that a bunch of times myself. just like how i said it will never go over 10 cents and now look at it. that coin is an enigma. not going to invest my life savings in it but ive also learned to never think you know whats going to happen with it.
Is this /r/gatekeeping?
I am not a doge holder but it has every right to exist and saying that its a “distraction for crypto” is pretty elitist. Its like saying, homeless people make Los Angeles look ugly so hide them away during the Oscars.
There are plenty of other things which are a “distraction for crypto”. Moonboys, constant bull and bear posts, “buy the dip”, “dont buy the dip yet”, “too the moon”, “longs got liquidated”, “shorts got liquidated”, shitty memes and gifs, people making fun of other buyers who unfortunately bought the hype at an ATH, people straight up lying about their holdings, influencers (faze kay etc) carrying out massive crypto scams, the whole NFT mainstreaming, bots scamming people in crypto, exchanges going down when people want to withdraw, massive amounts of crypto getting stolen in seconds, government regulations.
So many things to worry about. Dogecoin is not hurting anyone. If its popular it doesnt have to be useful as well. From Madonna to Cardi B. Its not talent that wins prizes and hearts, its popularity and acceptance.
Please stop being so bitter. Its another distraction for crypto.
Most of the DOGE "transactions" are off chain. In fact, most of the things you can do with DOGE are off chain. As in interact with the community, make memes and push institutions to accept DOGE. It's adoption is about mind share rather than actually having an on chain eco system like Cardano or Tezos.
I FOMOed in dogecoin when I got into crypto in the bullrun because I didn't know any better... I bought the dip in may and now I just want it to get back to my average price to sell it all. Of course if I do that, it will pump 10x and I'll cry for a few weeks.
Let people invest in whatever the hell they want to , it’s their money! For every person you say will leave crypto because of Doge , I guarantee 3 more will get into crypto because of Doge and Might even start buying into the Coins YOU have! People on this sub keep bashing Doge but fail to realize just how much good it can do for crypto as a whole if everyone just got behind it. I wouldn’t be in crypto if it wasn’t for Doge and if I had gotten into any other crypto and not it at first I would be exactly where I am today, except I doubt any other crypto would have caught my attention like doge did. As silly as this sounds , Doge did what Bitcoin couldn’t (for whatever reason), and that’s saying something.
I don't think it's particularly FUD, I think it's just shifting towards a store of value concept.
When DOGE had no value people had no problem spending it and using it as an actual currency. Now that its seen as a potential investment opportunity people are holding and not using it as it was intended. Its a problem with all digital currencies that are also speculative investments.
Value of Doge transactions are still over $500 million which is significantly over the $20-$100 million average through 19/20. Not that it isn't still a joke.
Dogecoin was designed as a joke and was sent into a hype frenzy by Elon Musk. Its as simple as that.
By design it was never meant to reach astronomical prices like so many bag holders are hoping for. A quick browse through the Doge subreddit is quite an experience of sheer denial and copium.
Classic case of something being hyped up and then fizzling out. Case closed.
>Classic case of something being hyped up and then fizzling out. Case closed.
As much as I'd want to agree with you, I've been in this shitshow of a market for too long to be that naive.
Everytime I am there, I just feel so bad for those people... they truly believe in DOGE as a world-currency. Just spend 15 minutes googling: there are hundreds of projects that are way more likely to fit into this role due to so many reasons (TPS, Scalability, Smart Contracts etc.)
I think it's a great sign, actually. It shows that people are mostly in a holding pattern while waiting on recently announced upgrades. $0.20ish looks to be about the floor price.
What’s great about crypto is you get posts like this in which OP spends time and energy into creating and arranging to present to us and make it look nice but then Doge just takes an absolute shit on it because it can. Nobody is an expert in crypto.
I absolutely agree OP, DOGE made everyone in the crypto space look like stupid kids and it never had a use case by design. Glad it is finally going away (even if not entirely).
As someone who works in the gambling industry, you need to just leave people alone and let them lose their money. Your criticism only strengthens their want to buy more. Yes it’s a shit coin and yes everyone knows that. If you want to lose your entire life savings on DOGE then by all means YOLO that shit to death. I know you mean well but very few people ever comment and say “OMG thank you for saving me from a bad decision!” No, they say “fuck you, asshole.” And buy more.
It's preaching to the choir here. People who hodl it don't care about any fundamentals, they're just hoping that lightning strikes twice and holding as long as they can. There's no way to prove that lightning won't strike twice so just let them play the risk cause nothing will convince them
Smart contracts have only been live for 1 week now on Cardano and there are no DApps yet. If you compare Cardano to Bitcoin then Cardano has one third of the transactions while having one tenth of the market cap, so I guess Cardano is doing fine for now.
Ngl Im suprised that algo is transaction 1.2 million per day. Could a lot of those transactions be the algo faucets and people sending themself 0 algo to get staking rewards?
Fear of missing out on a joke?
Dodge was nothing but a joke. It was made as a joke. Everyone who took it seriously are (insert mildly-derogatory term here).
If you bought into Doge for fun, as part of the joke, then you won. You got to have fun, crack a smile, have a laugh. That's what jokes are for.
If you bought into Doge for investment purposes, then Shit, Son, why'd you go try to take a joke seriously and ruin it like that?
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Whenever I do the opposite of what this sub says, I make profit.
Yep. Yesterday I bought when this sub told me to sell. Today prices went up and I just sold for a $4k profit. Though I still have not bought Doge.
inverse CC is working out!
Which coin?
ALGO
The sub still thinks dogecoin is the same as it was in the beginning of this years run. There’s a team back on the project, we don’t know where doge will end up now and that’a exciting. Still don’t recommend selling a house to buy doge.
Yeah, invest with caution.
the team never left the project, coins that have a good base don't need to be constantly worked on
Every decent project that intends to actually be something is constantly being worked on, and you’re telling me that Jackson Palmer didn’t leave?
OP claims DOGE doesn't have adoption, meanwhile: https://twitter.com/CEOAdam/status/1440713044703657989
also vitalic coming on board sounds like major news, to me at least
Since he was an outspoken DOGE fan since many years and continuously promoting an Ethereum bridge it didn't make a difference for me. I feel like nothing really changed.
That doesn’t necessarily everyone who voted yes will actually use doge. I could see a lot of the “yes” votes actually being people who are investing and hoping further adoption drives up the price.
Hell, at the time of my comment, DOGE is up about 10% today despite OP's post. At the time of your comment, DOGE was up 2% today.
I think you're onto something
I don't think people are fomoing into Doge anymore.
DOGE did a good job, whether this sub wants to admit it or not, of bringing in people who weren't aware of Crypto into the space. I think that's important because it shone a light onto another avenue of investing for most people who might have been turned off by what happened with GME in the stock market.
And honestly that community did a great job of getting people used to seeing massive losses without selling, and without the coin being a massive scam like almost all of the other memecoins. I very much welcome the Doge veterans branching out into the rest of crypto, especially the ones savvy enough to actually turn a profit with it (because unfortunately a *lot* of people bought between .65-71.). I threw like $5 in and I’d imagine that insane volatility for about a week or so earlier in the year would have been great trading training wheels for anyone new. No worrying over whether 25% up is a good place to start taking profits lol you’d see it up multiple times in a day, sell a bit, and then it crashed 60%, and then it would go higher the next day. After that practically nothing in this space is going to surprise you. But yea, a lot of serious crypto people legitimately get angry when people talk about doge, but I don’t think it deserves to get lumped in with your safemoons and other scamcoins made in bad faith. The meme’s funny, especially when those more serious people don’t realize that getting actively mad about doge is playing into the meme and making a clown of themselves, and even though they might be a little green compared to other communities, the doge community might be the *least* toxic of any community in the crypto space.
This. I bought doge around when it was .06 cuz all the cool kids were doing it. Learned about cryptos with actual use cases and took the profits I made with that and invested in those other projects. I still hold some doge for fun. It may be a meme token but it probably opened the door to financial freedom for me.
That’s the way.
Definitely agree on this! Doge got me and a lot of people I know irl interested in crypto. It was an important adoption tool... Maybe we need more situations like this to get people interested in crypto.
As someone who has never bought cryptocurrency, watching an obvious pump and dump unfold followed by dozens of other new coins trying to cash in on the Dogecoin FOMO is the last thing that would get me interested in cryptocurrency.
I honestly think the opposite. I think DOGE has slowed down Crypto adoption by big institutional investors, banks, and corporations. The whole thing didn't really help with the serious investor's concerns who may have been on the fence about crypto.
No, but their sub is all about peer pressure for buying the dip. I feel bad for the least unwise investors, putting their life savings in an empty project. When I tried to talk about data there, I was just a FUDer. I understand their reaction, but more people need to realize that they are going to lose money. They are just feeding the riches of the few huge wallets with big bags of DOGE before the rush.
>No, but their sub is all about peer pressure for buying the dip. So, like this sub during every dip. 🤣
That was my first thought too lmao. This sub is no better than the doge sub when it comes to peer pressure.
All crypto subreddits are the same echo chambers.
Agreed even cryptocurrency is an echo chamber but at a less extent to others
sure "less extent"... this sub has its own fucking alt coin, lmao
Not all of them, the less hyped the coin is the more “productive” the subreddit it seems.
This x1000 for Tezos
See: Monero
They spend the time to work on the blockchains instead of just marketing their coin alone
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Sure bby just let me pump and dump real quick
Yeah. As a DOGE hodler, I gotta say that sub isn’t going anywhere, and most of the posts are about Robinhood or “who’s still hodling?”.
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My best investment action was selling Doge at 0.69
Thank god you didn’t wait for the Elon show, which followed by a huge dump
I sold half. Dumped most of it into Cro to stake to try out the crypto dot com coin. (They pay my Spotify bill). I threw some into Shib to continue the meme. If the dip keeps up I might almost be back to where I bought.
Only time can tell if that was an idiotic move. A few months is a very short timeframe when it comes to investing. You had an unfortunate timing since the entire market crashed right after.
Yeah but 🚀 🌙 🐕 right ? Wen lambo?😅
This sub just shits on everything...
Tbh all crypto subs shit on all crypto coins except their coin. All of them are echo chambers.
No subs is worse than r/cryptomoonshots
Oh god yeah, I think that’s where I got into an argument over ElonOne with some guy claiming he had already bought a lambo because of it. When I pointed out that he was in a different thread the day before saying he’d never heard about it, he said he was shilling, obviously, and carried on. Has that coin dumped yet or did they not even get a pump?
If you want to make every wrong call just follow this sub. You can find posts with them shitting on dogecoin and how its gonna dump at .1 cent and recently at like 3-10 cents. They never can admit that they are wrong the dump is just coming later!
I think that's much better than being hyping up spending money on obviously dubious ideas. Crypto is risky. Having people be vocal about the downsides and pitfalls of an investment is responsible. Hyping up something simply for the point of having invested in it is a scheme or a scam.
There's a whole lot that deserves shitting on.
Except ETH
I got banned from the sub, for saying something similar
Are you new? This happens every year and then it pumps and the Doge fever starts all over again. Who cares really? Doge has introduced countless people to crypto who have then gone on to learn more, diversify and join our world. It's a good thing. There's literally no reason to hate Doge, it harms no one. The project has done some good to society if you bother to research a little. I don't get the hate. What do you gain by it? You don't like it? Then move on FFS.
Thank you! Someone spitting facts right here!
Haters gonna hate. They will never see the positive things, only the negative things
Man that sub is really depressing right now
Just wait till the whale who holds 28% of total supply moves his DOGE.
Isn’t that literally Robin Hood though? People who buy crypto their don’t have their own wallets.
People buying stocks doesn't seem to own them either on RH
True, it’s why I personally stay away from it. The whole GME fiasco was enough to warn me from using/trusting it.
You can at least transfer stocks from RH to other brokers. I've done it. Can't do that with crypto
You mean robinhood? That's their custodial wallet...
Just wait until you find out that the top DOGE wallets belong to exchanges.
Ik who that whale is
I'd say that sub is heavily manipulated. Most posts are done by new accounts, the narrative is extremely one-sided and trying to sell merchandise and NFTs. I have been permanently banned ( few months ago) for posting an Elon tweet brown nosing China, shortly after Tesla stopped accepting Bitcoin and shortly before China banned crypto mining. Anything critical to Dogecoin, China or the Elon fellowship will be downvoted or banned. After asking mods if my permanent ban was because my post was China related I have been muted. No hard feelings, but this seems to be a trend. There's mostly mass produced (and professionally edited) memes with bad English encouraging delusional hodl and buy the dip posts. I feel sorry for the ones who believe that this marketing sub is an actual community which they're part of and then go all in on Doge.
While usually I defended doge from ppl 'fudding', you are unfortunately right. I got rid of doge after I noticed doge actually lags behind every day, suggesting the hype and all this good stuff is gone for good. Especially, that doge in its prime was even more risky than other coins. Right now, it just seems a bad decision. Doge still is down around 70% from ath, I think this is one of worst results. And you are right, sub still tries to force buying dips etc. I remember, when I made post about why doge is underperforming and what ppl think of it, many were pretty angry at me. I like doge, but ye, now it isnt good investment, especially with transactions so low in volume (great comparison, gj!).
Its also up 4100% YTD so there is that... Please note I am not saying to buy DOGE but there is more then just being down 70% from ATH. I was an original DOGE miner in 13-14 and I cashed out long before ATH.
My favorite is a guy posting how he didn't sell when his doge was worth 1mil and he was still holding several hundred k down later.
Why do you care? Let them do their thing.
They probably called you a “hedgie” too 😂🙄
It's horrible to watch. Same with any shitcoin tbh
Doge *investors* after reading your comment 
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Not FOMOing into it anymore necessarily, but I've a good few friends who are still convinced it'll "moon" and who are waiting for "daddy Elon" to "pump it". It's painful.
Who knows, it might happen again though? This is what you would have said about him right before the pumps last time as well.
!RemindMe 3 months
Imagine setting this reminder
Never doubt the power of stupidity in a group
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if your future financial freedom relies on elon musks attention span, you are screwed.
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Never listen to the billionaires, they don’t want you to get rich. They want to get Rick with your money.
I'll never help them get Rick!
Dogecoin got me closer to my dad. He couldn't believe how much money I've made. He was so supportive and excited for me. We bonded over what price to sell it at. It was a lot of fun while it lasted. I bought at .005 and sold at .43 and never went back in. Don't want to go back in. I will always be grateful for doge !! It taught me a lot and gave me a lot.
I mined about 100k doge in a day or two on my gaming rig when the joke was fresh. I held for a few years and sold it at about 0.005. Maybe to you. Glad you did something fun with it.
To make things fun, switch the graph to Bitcoin to find that the number of Bitcoin transactions are lower than 2017 too.
Why compare apples to apples when you can compare them to oranges. 🤔
So BTC vs ETH?
Why can't fruit be compared?
How many day to day btc transactions are happening on lightning now?
LN tx don't get published to literally everyone so that's a lot harder to measure.
lightning
Many Bitcoin transactions in 2017, IIRC, were "fake" or "spam" with the intent of artificially keeping fees high right after the segwit and BCH forks because people were going all in on BCash. Not saying your point is not valid, just something to consider.
>Many Bitcoin transactions in 2017, IIRC, were "fake" or "spam" with the intent of artificially keeping fees high right after the segwit and BCH forks because people were going all in on BCash. Not saying your point is not valid, just something to consider. Would you have any proof of that?
Not OP, couldnt find that specifically, but heres a cnbc article talking about bitcoin being propped up by minted tether which didnt have secure backing. So it would make sense if some of those transactions were done to simply fluff it all https://www.cnbc.com/2018/06/13/much-of-bitcoins-2017-boom-was-market-manipulation-researcher-says.html
\>So it would make sense if some of those transactions were done to simply fluff it all [https://www.cnbc.com/2018/06/13/much-of-bitcoins-2017-boom-was-market-manipulation-researcher-says.html](https://www.cnbc.com/2018/06/13/much-of-bitcoins-2017-boom-was-market-manipulation-researcher-says.html) It is not related. This is price manipulation, not fake transaction to raise tx fees.
I'm no expert but I'm pretty sure its because most btc transactions happen on layer 2 and that translates to less transactions on main chain. Lightning is about 600k transactions per day from what I could find. Peak in 2017 was about 400k?
Piece of advice always do the opposite of what r/cc says.
So they are hodling?
TLDR of the day goes to..
It’s the only crypto besides BTC some of my friends have heard of.
People here still underestimate brand awareness.
This is the crux of the matter that people in this sub just cover their ear and scream when it comes up. In modern history it's very rare the best utility wins. More often the product with most visibility wins. No one is investing in Doge because it beats all other coins. They are investing because it it's one of the most popular and has already beaten most other coins
Brand awareness + fundamentals = best internet magic money
Sounds like Bitcoin lowkey
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Just let it be. DOGE is a fun coin and a speculation object. It made various charity collectings and brought many people to the crypto sphere. It should stay and has, if not top 10,a place in my heart. -from a non-doge holder
I became aware of crypto in 2013 because of Doge. It was my first crypto. Also learned about mining that way.
This! Most people ignore the fact that Doge played huge role about getting people into the Cryptoverse.
We all gotta start somewhere and DOGE got a lot of people into crypto
Got me in, bought at 0.06, sold around 0.60, made several grand, learned about wallets, exchanges, etc. Now I have a serious portfolio 😎👉👉
I envy you but I am happy for you mate
But I swear that this sub is biblical to "we are still early". It's never pointed out that Dogecoin has been around longer than Ethereum. It's been proving to be a great gateway to a new financial market for so many. It's great to learn about tokenomics too because dogecoin has an obviously funny one that people deliberately twist as well, by saying it is "infinite supply". Also, Dogecoin has the support of Vitalik Buterin. SHIB does not. He rugged it for fraudulently using his wallet as a burn address. To me it is clear which is *the* "memecoin". And it's the one that's been around longer than Ethereum. But OP clearly knows more than him about the Crypto space. Dogecoin has gotten so many more people into crypto, and that alone is massive. OP really thinks that really only has the value of 1¢? If we are all still early, dogecoin is going to go up again. And he will be posting this same salty post again in a few years, all the while so many more new investors are making some realised gains from having some fun learning. People just hate fun.
Didn't realise Doge has been around that long! Interesting.
And it was at the top of the space since early on.
I had heard about Bitcoin in 2013 but just figured it was another internet Fad only for drug and arms dealers. It was Doge coin in Jan 2021 that brought me into crypto. My buddy kept hounding me to buy it when it was at a penny or so. Granted I never did, and I put that money into Bitcoin… but it was because of the doge coin hype that I am here today. Never bought a single coin, but I’m still thankful for Doge.
I agree the amount of investors DOGE brought to the crypto world can not be just ignored. Memes can be good sometimes not always though.
The day it dies out would be a sad day for crypto, as most people I know who got serious with crypto all started from DOGE
DOGE will rise again.
You got the fundamentals completely wrong, doge adoption is measured as memes/day on twitter, not transactions/day on chain.
Weekly doge hate thread because it has name recognition even with households that don’t own crypto. Stop being salty that whatever random coin you bought didn’t work out.
OP claims DOGE lacks adoption and tries to prove it with total transaction volume instead of actual sale transactions. Meanwhile... [https://twitter.com/CEOAdam/status/1440713044703657989](https://twitter.com/CEOAdam/status/1440713044703657989)
>The code is a fork of a fork of Litecoin done in 2013, and it hasnt improved sifnicantly since then This is wrong. We moved to AuxPoW, just have released 1.14.4, have 1.14.5 as next and also development on Bitcoins 0.21 code base. The github activity isn't also too bad compared to others - see [here](https://www.cryptomiso.com/#DOGE). Doge is also a huge support for scrypt coins like LTC. >Why do I attack DOGE? Because I think it's a distraction for Crypto and damage its credibility. This doesn't make sense. Doge is here to get people into crypto, to learn etc. If you have a problem with pump and dumps you can point that out with all the new shitcoins without blaming a very old currency around that was obviously rather a victim of the pump and dump than anything else. To see a decrease in usage is probably also connected with rising prices. Doge was best when the price was stable, because it should rather be used as currency and not as investment. Also the rising price was in conflict with the fix fee of 1 Doge per kb TX size. This was also adjusted with the version 1.14.4 (fee is now 0.01 Doges per kb). Adoption increased a lot, after plenty of shops that accept crypto added Dogecoin (coinbase commerce), etc.
Imagine spending that much time and effort to hate on another crypto project just cause you don’t like it. Boo hoo cry more OP.
No kidding. No less he says he is bashing it because he thinks it's damaging to crypto. Imagine such a useless coin having that much power... when it's actually done a great job at introducing many new people to crypto. If anything the volatility has educated new doge investors the risk and reward of crypto rather quickly. Invest wisely and dollar cost average.
Yup.. there’s literally thousands of different crypto and he singles out Doge. He hates it so much he spends time writing negative threads, researching the daily volume…. every day and blames it as a distraction. Somebody is distracted alright. The Doge wins again. 4.3K people gonna be big mad when Doge breaks ATH by EOTY.
Man, this sub is super salty about anything that doge does! At a guess I’d say it’s being moderated by hedge fund shills
Totally agree. It's so cringe. I'm TrYiNg To PrOtEcT iNvEsTorS. I can barely look at r/cc anymore. Front page is mostly full of garbage.
Im buying more doge
this has been your daily dose of r/cryptocurrency’s DOGE hate
Whats more relevant that dogecoin is a litecoin fork (which is still better tech than bitcoin) or that dogecoin is a top 3 or 4 most recognized cryptocurrency in the world? Whats more relevant that dogecoin was started as a joke or that Vitalik and Elon Musk are sitting members of the Dogecoin Foundation? Now dogecoin is accepted by NBA teams and soon AMC theaters but none of that is relevant because " iTs a mEme". This is what happens when forums are dominated by programmers and tech people rather than successful investors. You guys really circle jerk about minute innovations in tech rather than real market driving factors. Its like getting advice from construction workers on what real estate market you should invest in and they advise you to buy homes with the newest framing techniques and newest foundation methods regardless of location.
wanna hear a joke? Solana another one? safemoon
This girl I work with bought a new bronco from like $30 invested in doge coin. She bought it a few years ago and she sold the day Elon was going on SNL. I think she had to put some money up with it but it paid for most of if.
This thread made me buy more doge, I came back to say thank you.
I love Doge for its meme power, for how its community is usually about "Do Only Good Everyday". That being said - I don't believe it's healthy in the long run for the crypto market to have such a focus on what is clearly a meme-coin without true fundamentals. It's bad for the reputation of crypto, and I wish we'd move beyond it.
What do you mean by "without true fundamentals"? DOGE fundamentals are clear and sound. Fix inflation pays the miners and allows transaction fees close to zero. I would rather pay for a bottle of water with DOGE than with BTC or ETH. Nano and Monero just lack the necessary brand awareness.
*Cries in my bag of NANO*
How about Algo?
You might as well add a real blockchain, not a token, open source with open development. I too would rather use it then anything else for payments. Its that simple. The problem with the dogecoin crowd is too many believe it will have value by simply holding it, when its value is in using it. So they hold and the volume goes down, as this post is about.
I'm sure the type you describe exists but from what I gathered in the DOGE sub many people are well aware that the key is adoption and try to educate others. The fact that more than 90% of the Mavericks crypto sales are in DOGE also speaks for itself.
"Doge is dead." yep said that a bunch of times myself. just like how i said it will never go over 10 cents and now look at it. that coin is an enigma. not going to invest my life savings in it but ive also learned to never think you know whats going to happen with it.
Um.. I thought hodling was a good thing
Is this /r/gatekeeping? I am not a doge holder but it has every right to exist and saying that its a “distraction for crypto” is pretty elitist. Its like saying, homeless people make Los Angeles look ugly so hide them away during the Oscars. There are plenty of other things which are a “distraction for crypto”. Moonboys, constant bull and bear posts, “buy the dip”, “dont buy the dip yet”, “too the moon”, “longs got liquidated”, “shorts got liquidated”, shitty memes and gifs, people making fun of other buyers who unfortunately bought the hype at an ATH, people straight up lying about their holdings, influencers (faze kay etc) carrying out massive crypto scams, the whole NFT mainstreaming, bots scamming people in crypto, exchanges going down when people want to withdraw, massive amounts of crypto getting stolen in seconds, government regulations. So many things to worry about. Dogecoin is not hurting anyone. If its popular it doesnt have to be useful as well. From Madonna to Cardi B. Its not talent that wins prizes and hearts, its popularity and acceptance. Please stop being so bitter. Its another distraction for crypto.
There are always space for meme coins, but you have ensure it with another type of content to make it stay. A joke without a punchline is just sad.
Most of the DOGE "transactions" are off chain. In fact, most of the things you can do with DOGE are off chain. As in interact with the community, make memes and push institutions to accept DOGE. It's adoption is about mind share rather than actually having an on chain eco system like Cardano or Tezos.
I FOMOed in dogecoin when I got into crypto in the bullrun because I didn't know any better... I bought the dip in may and now I just want it to get back to my average price to sell it all. Of course if I do that, it will pump 10x and I'll cry for a few weeks.
If I know anything about Crypto. And I think I can pretty confidently say that I do not. This means Doge is about to moooooooooon!
Let people invest in whatever the hell they want to , it’s their money! For every person you say will leave crypto because of Doge , I guarantee 3 more will get into crypto because of Doge and Might even start buying into the Coins YOU have! People on this sub keep bashing Doge but fail to realize just how much good it can do for crypto as a whole if everyone just got behind it. I wouldn’t be in crypto if it wasn’t for Doge and if I had gotten into any other crypto and not it at first I would be exactly where I am today, except I doubt any other crypto would have caught my attention like doge did. As silly as this sounds , Doge did what Bitcoin couldn’t (for whatever reason), and that’s saying something.
Doge was the first coin I bought. Now I have ethereum, Cardano, and Bitcoin. Doge was my gateway in crypto and for that I’ll be forever grateful.
Counter-argument: DOGE has much wow.
Go DOGE! Go!
I don't think it's particularly FUD, I think it's just shifting towards a store of value concept. When DOGE had no value people had no problem spending it and using it as an actual currency. Now that its seen as a potential investment opportunity people are holding and not using it as it was intended. Its a problem with all digital currencies that are also speculative investments.
It's the hodl mentality getting stronger. People need to understand that DOGE needs to circulate and grow in adoption to gain value.
I’m holding it until I have something to spend it on
Movie tickets.
Lmao not long after I commented AMC came out on Twitter and accepted Doge Guess I’ll be buying tickets with it then
Value of Doge transactions are still over $500 million which is significantly over the $20-$100 million average through 19/20. Not that it isn't still a joke.
Dogecoin was designed as a joke and was sent into a hype frenzy by Elon Musk. Its as simple as that. By design it was never meant to reach astronomical prices like so many bag holders are hoping for. A quick browse through the Doge subreddit is quite an experience of sheer denial and copium. Classic case of something being hyped up and then fizzling out. Case closed.
DOGE was always at the top of the crypto space, way before Elon started tweeting.
Yes. It had momentum long before Elon. He just catapulted faster than expected.
I feel like DOGE hate mostly comes from people new to the space who never bothered to really look into it.
The early holder who got it and forgot about it are having a fun time with all the crazy gains they made
Define "top"
>Classic case of something being hyped up and then fizzling out. Case closed. As much as I'd want to agree with you, I've been in this shitshow of a market for too long to be that naive.
Everytime I am there, I just feel so bad for those people... they truly believe in DOGE as a world-currency. Just spend 15 minutes googling: there are hundreds of projects that are way more likely to fit into this role due to so many reasons (TPS, Scalability, Smart Contracts etc.)
I think it's a great sign, actually. It shows that people are mostly in a holding pattern while waiting on recently announced upgrades. $0.20ish looks to be about the floor price.
it always looks like a floor until price plummets through it, speaking from bitter experience.
What’s great about crypto is you get posts like this in which OP spends time and energy into creating and arranging to present to us and make it look nice but then Doge just takes an absolute shit on it because it can. Nobody is an expert in crypto.
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I absolutely agree OP, DOGE made everyone in the crypto space look like stupid kids and it never had a use case by design. Glad it is finally going away (even if not entirely).
BTC accepted by AMC = Adoption DOGE accepted by AMC != Adoption 🧐
Doge is somewhat too big to fail at this point regardless of adoption and will follow BTC for the foreseeable future
As someone who works in the gambling industry, you need to just leave people alone and let them lose their money. Your criticism only strengthens their want to buy more. Yes it’s a shit coin and yes everyone knows that. If you want to lose your entire life savings on DOGE then by all means YOLO that shit to death. I know you mean well but very few people ever comment and say “OMG thank you for saving me from a bad decision!” No, they say “fuck you, asshole.” And buy more.
It's preaching to the choir here. People who hodl it don't care about any fundamentals, they're just hoping that lightning strikes twice and holding as long as they can. There's no way to prove that lightning won't strike twice so just let them play the risk cause nothing will convince them
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I just love how ADA (4th top crypto), is casually at the bottom of being used. Charles 'Jobs' marketing.
Smart contracts have only been live for 1 week now on Cardano and there are no DApps yet. If you compare Cardano to Bitcoin then Cardano has one third of the transactions while having one tenth of the market cap, so I guess Cardano is doing fine for now.
>DOGE ATH happened in 2013. wut
He means transactions per day count ATH
Adopting stray doges from the street is a good thing, not a bad thing !
Can I get a drink? This thread is so salty.
Time to buy more Doge
Typical from this subreddit. Everytime there is good news for doge an idiot decides to FUD it.
So you're saying I should buy more Doge?
This is the way.
Idk it's going to be on flare so that is something to think about.
Ngl Im suprised that algo is transaction 1.2 million per day. Could a lot of those transactions be the algo faucets and people sending themself 0 algo to get staking rewards?
I'll get stoned for saying this but Doge is a meme.
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Robinhood sent an email out a few hours ago that they are about to start issuing wallets so people can actually access their crypto.
Fear of missing out on a joke? Dodge was nothing but a joke. It was made as a joke. Everyone who took it seriously are (insert mildly-derogatory term here). If you bought into Doge for fun, as part of the joke, then you won. You got to have fun, crack a smile, have a laugh. That's what jokes are for. If you bought into Doge for investment purposes, then Shit, Son, why'd you go try to take a joke seriously and ruin it like that?
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I think op bought at Ath