Post
Topic
Board Speculation (Altcoins)
Re: Dogecoin Dead???
by
starmman
on 20/08/2016, 13:50:05 UTC
Playing on the wild card requires you to diligently study the charts before making a move.
You are right, I have 7 or 8 'main' alt coins which I am trading with BTC and each one has a different strategy, usually when I spend enough time to form a strategy I'll eventually make profit. If I buy a coin without understanding it then the outcome is more random - it seems I have an equal chance of making a profit, loss or breaking even - but if its a loss then its high which disproportionately skews the profits.

Doge is for long term hodling coin, actually it is around 30-50 sat for 1 years. Stablility makes the coin very precious.

there is inflation as I remember so maybe the best option is spending coins for the fast txs and low fees, this is a great advantage.

True, I've been using it as a transfer coin since somebody advised me on this thread. It works great - you can transfer DOGE to almost every exchange for only 80 satoshi and very fast transfer, better than 10,000 satoshi and having to wait hours or longer.