Quote from: niothor on January 08, 2014, 03:51:44 AM

Quote from: komrobert on January 08, 2014, 03:46:05 AM

I am watching DOGE right now and I must say that when some more hype comes in(block reward halving is one of the reasons but maybe even before that), DOGE is going to go very high:it seems like all of the sell walls under 40 are "fake" as there are walls every couple of satoshis and nothing in between. DOGE will definitely skyrocket to at least 45 when the rocket launches and I think I might even stack up on some more DOGE at the cheap price;)

I really enjoy how people claim to have a crystal ball..

The reward will halve and doge will go up...

And the base is that miners will stop dumping..

But why are miners dumping right now if everybody knows that doge will go up ?

Somebody call the mythbusters

Also , the only fact:
Bitcoin last halving , price ? Unchanged!

it stands to reason that the overall supply of doge is rapidly increasing because the block rewards are 1min, 500k.
this increases the overall supply dramatically everyday, 720million. Most will dump because they aren't interested in the long-term viability of doge, but are in it for the dosh because doge has been consistently the most profitable coin. This keeps the price down because of the saturated market.

when the halving happens, we'll know for a fact, that inflation will be halved and the overall supply into doge will be cut dramatically. The people holding doge, will make up for it in the short term by, perhaps, profit taking but overall with less supply and a healthy demand that doge has shown means prices should go up.

so, no the halving won't immediately increase the price of doge. but it will cut the inflation so over time prices will rise, if previous demand is indicative of it's potential.
my take.

lazydna

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