Quote from: msdogey on June 03, 2014, 08:12:16 PM

Anyone here care to take a stab at reading the DOGE tea leaves? Down about 80% off the ATH currently but still over double the ATL. I would expect it to rebound eventually but I am wondering if we will see it make it all the way down (or continue to fall below) the ATL again before the big bounce. The high volume of mining rewards makes predicting this tricky for me since there are about 5x as many coins in circulation now than there were the last time we saw these prices. The reddit community is still strong but the growth has definitely slowed over the months. The last I heard they were talking about twitch integration for tipping streamers.

The inflationary model of Doge is not attractive to me. Sure, it is nice to have a fun coin to tip someone .05 cents (1000 Doge). But that is also, at least at this point in time, a joke.
Now maybe if you loaded up a wallet with thousands of Doge and you used it as a payment system for reading content, but we can basically do that with bitcoin and an app for
handling the micropayments - no, not ideal, but functional at this time.

It just doesn't feel right to me. Perhaps we can learn from it (e.g. low fees for micro payments). As far as an investment, well, anything can happen, perhaps the masses jump on, but nothing
happened on Facebook and it was integrated into a payment app there I read. I'd look for something more serious.