Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DOGE] Dogecoin - very currency many coin - v1.5.2 Released, please update!
by
salstimda
on 11/03/2014, 13:41:35 UTC
Doge is only 3 months old...
The best time for him didnt come yet.
Community is still growing, price must go up finally.

It's simple maths really... 360 million DOGEs are issued daily. At 110 satoshi, 400 BTCs are needed every day to buy the mining supply, just to keep the price stable. At some point, the inflation numbers eat up the BTCs, the BTC investors dry up and the game is over => the only way is down.

When you know that in a year from now, there'll be almost double the DOGEs, and bitcoins will be more-or-less tha same in numbers, it's a no brainer why the Doge/BTC price ratio will go down and down and down.

your maths are bad, bro. first of all, dogecoin and bitcoin are not the same numbers. second, not everything that is mined is sold straight away. third, there will be less doges issues when the block reward halves again. doges mining is faster at begining than bitcoin, with faster block reward halving. that means now you can mine doges fast, but in the future, like 1 year from now you won't be able to mine doges as fast compared to bitcoin since the blockreward of doge will half more often than bitcoins. doge will probably drop a  little more before it skyrockets again.

also 400 BTC  (250.000$) is nothing to the 24h volume of doge (way above 2.000.000$)