Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DOGE] Dogecoin - very currency many coin - v1.5 Released!
by
DRobert
on 04/02/2014, 03:57:17 UTC
So this reward halving thing that people have been saying will boost the price up... isn't going to happen?

Nope, its already included in price pretty much.

So you think it is not going up when the reward halves?

Two things will happen: It will go up or down. And it also depends what miners will do.

I suspect the dip happened because people want to cash out out of fear of losing their money. Call these people "panic sellers".

Dogecoin could very much go even lower than it is at now (155 satoshis). I doubt it. I think it'll go up soon due to a pump or demand. People might panic buy wanting to get their million or more coins. According to Satoshi, or Bitcoin information, the price of a coin in demand goes up once the reward halves due to it becoming more scarce along with the cost of mining. There is a chance Dogecoin could jump up to 270-300 satoshis soon after the halving.

I bought in at 155 satoshis again because I think it will go up and the bottom of this recent dip was reached.