Post
Topic
Board Announcements (Altcoins)
What if Dogecoin price goes LESS than 1 satoshi?
by
maltrox
on 27/06/2019, 05:06:51 UTC

What if Dogecoin cost LESS than 1 satoshi? First of all, I am very positive about Dogecoin, BUT let's think about the possibilities. What if Bitcoin is going to 50,000 USD +up next months, and Dogecoin prices in Satoshis fall to 1 sats or below?

It might sound really far away, but i it's not impossible. Remember Dogecoin has not being enough strong for seriously breaking 100 sats. Bitcoin is getting stronger and price translated in satoshis are going lower, it would be even more difficult to get BTC conversion. You could say: Dogecoin prices in USD (USDT and USDC, indeed) would be increasing, but what if they are not?

You might be tired to hear about that, but I think more than ever decelerating the issuance of Dogecoin is a key for its evolution and for tackling those risks. I don't mean: lets drive Dogecoin to $100 USD, not even $10, at least should be a reasonable goal to take Dogecoin prices around 0.10 or 0.25 USD, it would help the coin to gain independency from BTC. BTC

I'm aware of the benefits of inflation,  i think that is the right choice specially when market gets mature. But really, 5 billions of new Dogecoins every year is too much, it would kill the coin... It would be great reducing new Dogecoins issuance to just 1 billion every year (or even better, around 100 million yearly).

I really love this coin, it's such amazing. As user i'm very happy and as investor Doge it's been just fine, but a little bit worry for this crazy idea.