Post
Topic
Board Altcoin Discussion
Re: Can Dogecoin become the new BTC?
by
d3nz
on 31/05/2022, 19:11:35 UTC
Is it possible that dogecoin can beat BTC after Elon musk takes over Twitter? Imagine if Dogecoin is well accepted throughout the world then BTC wouldn't this makes Dogecoin the new coin? This might sound too crazy to dream about but that Elon musk guy can make anything possible.

Never. Dogecoin won't beat BTC simply because it's a "shitcoin". It's only a Bitcoin clone with a few minor tweaks. With inflation "baked" into the protocol, how would you expect DOGE to surpass the original cryptocurrency anytime soon? The only thing that will happen within the short term is that Dogecoin's price will rise to all the way to the moon. Set yourself forward to the future, and DOGE will be less valuable than what it is right now. People should stop following Elon Musk and instead focus on crypto's utility. Otherwise, greed will lead the crypto industry towards a "dark path". No one can predict the future, so we can only hope for the best. Just my opinion Smiley
another addition is that doge is very easy to manipulate by Elon Musk, even more so after Elon Musk bought Twitter. however, with one tweet, the price of bitcoin and doge can be manipulated by it, it's just that Bitcoin has a lot more community than that. other than that, come on, bitcoin and doge have very much different qualities. Coin doge is just a shitcoin controlled by Elon Musk. if there is a vote on this, i think bitcoin will really dominate.

This is very true. I don't really recommend buying DOGE since it is just a manipulative meme coin and there is a possibility that Elon Musk holds a lot of DOGE than any whales. There is no one who can beat Bitcoin since it is the first-ever cryptocurrency which is no one can control it even the government except by providing false news to take down the BTC price.

Taking advantage of the market will really get you profit. Buying DOGE while in dip will get you a profit in the future and if Elon Musk tweets about it again.