Quote from: JKAL94 on April 04, 2014, 01:09:53 PM

Quote from: adamas on April 04, 2014, 12:44:04 PM

The problem with Dogecoin is that the community, which is indeed nice and funny, vehemently refuses to accept the crude facts. Every post that points to the price dip is downvoted. They want to believe that massive tipping, donating, and fun is all what it needs to fly "to the moon".
But sticking the head in the sand and shouting "to the moon" is not the answer. Just as the multipools and the "big players" get richer, the community gets poorer.

Well, you are correct that sticking ones head in the sand does not help when the price is going down, but that is only IF were are talking about a commodity.
They are building a currency, a currency's true long term value comes from the strength of its community, that they trust their currency and thus they create commerce with it.
As long as the currency has more and more transactions thus there is actual true circulation then the value of their economy becomes stronger then only then will the exchange rate against any other currency will go up.

It is about building a strong and durable currency, it is not about one making money by day trading it.
The dogecoiners that will make money are those that build systems to improve transactions and for businesses to use the coin in more efficient and innovative ways.

Don't completely agree, but good reasoning!