Quote:
Originally Posted by jscott
@Tasty1
What do you say about :
1. No active developments on Doge
2. Unlimited supply cap of Doge. It is inflated the same as any fiat currency
3. the 1 wallet that holds 1/4 of entire Doge supply.
.... you're the Doge pro here, lets see you answer these ;) |
1. They are developing little. But who cares. It works. Just a lot of air in the coin, just like in all coins. It is what a crazy one is willing to pay, just like most coins. And without developments you still can buy it everywhere.
2. There is no unlimited supply, maximum per time span. At the bank you get an negative interest rate of -0,5%, the inflation is 2-4% for the euro. But is also calculated in the price, instead of growing 4004% it grew only 4000%. There are also still millions of Dutch Guilders around after the Euro. That is also what happens, coins get lost. How many Bitcoin has China? When the electricity went off and the miners down, the bitcoin blockchain got in troubles. Less likely to happen with Doge.
3. isn't that the Robin Hood wallet. Who has the largest Bitcoin Wallet? There are mostly big investors and funds who own most. Even Elon Musk took profit from Bitcoin, could have dropped the price 10%. Or maybe it did...
95% of the people invest in coins to make money. Doge fits the dream and is most famous after Bitcoin. There could be tens of millions Tik Tok, Instagram users who buy Doge with Robin Hood. Only few million people buy other coins and know about other coins. Imagine all those tens of millions people only own 25 usd worth of doge and only Hodl..
In the end, we gamble and hop for the jackpot. If a shitcoin is promoted well i try to make some money from it. Even with that FUN Token or ReDD when needed.
Doge is the biggest joke to show what most altcoins are. I think as a joke Doge will be #3 in coinmarketcap. Could become #2 or #3. It again past ADA and is now #6. Will be #5 at the end of the week.