Hi,
I was wondering why DVC value is going down so much, now very close to DOGE.
I was wondering why DVC value is going down so much, now very close to DOGE.
No telling why..
You could have a penny stock company worth $50,000,000 with only 2.5 million shares outstanding lose half its value in a matter of days, for no reason other than pure speculation.
This is a cryptocurrency and is only backed by the good graces of the people that hold the currency, not a company with hard assets. If people think it is worth more than the current price, it will go back up. If people think it is worth less than the current price, it will continue to go down.
The main thing to remember is, the market is always right, even if people think it is wrong.
There is nothing to prevent Devcoin from being in the $0.01 to $0.05 range in the future as long as the Devcoin economy grows...
Worrying about the daily up and down prices will only give you an ulcer.
As a side note Dogecoin has a trading volume that microcap companies dream of. I just checked on Crypsy and the Volume for DOGE/BTC is 571 BTC (roughly $450,000) and DODE/LTC is 1833 LTC (roughly $40,000)... Egads Man!!!!
Pretty much this.
Dogecoin has some pretty good marketing for what it is. I'm seeing it mentioned in reddit a lot.
So you guys think if we could all get devcoin more popular and have it mentioned on more social sites that the value will rise?
-AM
I think that is a 100% guarantee.
Who doesn't have $50 laying around the house available to use for cryptocurrency speculation? People will buy low in blocks of 10k, 25k or 50k and hope it goes to a dime. Lots of folks have read the news on Bitcoin and know it started out in the pennies.
I am a firm believer that the cryptocurrency landscape will be vastly different in December than it is now in January.
Bittzy78