Quote from: devphp on August 13, 2014, 11:20:28 AM

Quote from: niothor on August 13, 2014, 10:58:50 AM

Yes , but that has been already taken into account by the markets.People always talk about the 21mils bitcoin not about the current mined ones.

But miners sell coins each day nonetheless, 3600 new Bitcoins are mined each day, that's a lot of selling pressure, so we can't really say the markets have already taken 21 million into account. The market is in sort of equilibrium now, bouncing in the 550-650 range, but it's going to take a lot more capital injections to move it higher.

As for Doge - there are reasons to believe it has finally hit its rock bottom and the downside is limited (20 satoshi might be the lowest low), it only takes very few bitcoins to support daily production of doges and that number will be going down quickly, to a negligible amount.

Quote from: Skoupi on August 13, 2014, 11:16:27 AM

Anyone that can give me a brief explanation about what happened to doge?

Some months ago 9 out of 10 threads in this forum were about doge... Has it completed the pump and dump cycle or is it something else...
It's a shame if it is dead because although i 'm not into alt coins the community of this one was standing above the rest...

It's not dead, developers are quite active building some infrastructure around it. Doge quickened the inflation period and naturally hit the bottom of price correction faster than other coins (Litecoin closely following).

All cryptos are pump-n-dumps and some go thru pump-n-dumps a few times in their lifetime. What matters is which of them rise after dumps and which go to oblivion.

+1

LOL... Dogecoin is hardly dead. It still has the most active & diversified altcoin communities. People on Bitcointalk don't seem to get. Probably because they are too serious about numbers, charts and making money. Wink

I support both Bitcoin & Dogecoin because they both have important rolls to play inside & out the Crypto-community world.