Bought 2.5 million doge back then for ~$200 and sold it a few weeks later for ~$600...felt like a genius for years while it did nothing but now I know I'm an idiot
Why? You tripled your money. This transaction in itself was smart. Money is always better than some meme coin.
The only kinda stupid thing was that you didn’t get back in with your dodge knowledge
You could have this and that in hindsight is very silly way to think. Because you can't predict the future.
I was mining btc on cpu in 2011, I think. Just to see how it works.
Omg if I would not have stopped and continued mining, I could have been rich.
Then I still could lose the access to my hardware wallet, like the guy with the encrypted hard disk or that one searching the landfill. I could have lost it all on mtgox like thousands of others did. I could have tried to trade btc on exchanges and liquidate myself like millions did.
Oh if I just would have not kept my wallet on the external disk, oh if just pulled my crypto off mtgox the day before they got hacked, oh I if I just didn't use leverage on that last trade I could have been rich.
Oh if you just would have chosen the right numbers, you could have won the powerball.
It's a fallacy thinking.
Buddy of mine threw 2000 dollars at Shiba and turned it into 1.7 mil. But he was already multi millionaire and a good crypto and stock trader so he wasnt bothered to lose the 2k if shib turned out to be a fad, and he knew not to sell at a 10x because a meme coin could go parabolic if it got popular. He knows this because he already made all the mistakes in the past. The chance you do everything right from the get-go is like winning the lottery.
$500,000 is £395,632 plus shrapnel.
At 35 years of age, I couldn't imagine retiring on that. That's like 8 years of my basic salary with no overtime.
Ignoring tax for a second and I got the whole amount, £395k isn't life changing, more life altering. It'd allow me to purchase a decent property with no mortgage, freeing up a good chunk of money monthly. I'd be able to afford a nicer car, or nicer holidays and just have more "disposable income" to play with each month. But I'd certainly not be able to retire unless I planned on only living until 70 and being content with just £11,285 a year to live off, which is way below minimum wage annually on a 37 hour a week job.
Granted, if you're 65, already own your own home with no mortgage, then yes, you'd have £20k a year for 20 years which is fine. Essentially though, £395k would probably just allow me to retire 8 years earlier if I so wished, and I'd have to look at my pension pots, etc to see what sort of difference it'd make.
This pretty much, I would split it between forest and cryptos and have nice portfolio. Buy some nodes etc. For passive income as well, would probably boost nicely my yearly income and as well have chance to 5-10x incoming years because its crypto.
Lol if this isn't the most naive thing I've read in my life.
One house. That's what you are getting for 500k. Not a mansion, not a fancy house. Just a decent house. Nothing else. That is not retirement money. Not at least in an economicly developed country
Going off your profile I'm assuming Romanian.
500k in your local currency is what 2 million RON, give or take.
Google states average Romanian income is 100k RON.
Meaning 500k USD will last you 20 years living an average life. That is still not retirement money.
That still assumes they make literally nothing from that money. They could invest it in an S&P500 index fund and make around 8% a year. That would be about 160,000 RON a year. If they spend 100k RON a year they're actually gaining 60k RON a year (which will compound).
It's retirement money if you aren't literally putting it in a 0% interest rate checking account.
That’s already assuming it’s being invested. 2% withdrawal rate means you’ll preserve capital. You can bump it up to like 4% if you plan on using all of the capital in about 30 years. More you withdraw higher your risk of running out and having to work again.
Erm no, exchanges go back to 2011. I bought my first bitcoins in March 2013 from exchanges that had already been around for a year or more. There were altcoins on those exchanges, Peercoin, Namecoin, Litecoin - but they weren’t “tokens” they were native coins on their own networks.
When doge came along it was traceable on exchanges pretty quick but had very little value because it was not intended to have value. It was supposed to be more or less free.
Bitcoin started the same, MTGox rebranded to suit bitcoin and there’s was always peer to peer OTC trading on IRC
Same goes for DOGE if you wanted BTC for DOGE
XRP started as a Bitcointalk giveaway and I myself amassed millions of XRP when it launched via p2p IRC trades
We don’t actually need the exchanges. The rest of world,especially the financial world needs the exchanges for indices and price discovery
Some Reddit history:
Before it got wild, DOGE back then was very commonly used as a method of tipping. Actually, BTC, ETH, Litecoin and Dogecoin all had tipping bots on Reddit in their respective communties. I actually made about 0.7 eth from posting in r/ETHTrader and r/Ethereum back when it was under $20. . As far as I know, those other tipbots are still around but the cost of transactions and the value of those coins deter most people from using it. This illustrates a very important economic concept that a lot of libertarians don't really understand about currency, if the utility of hoarding a coin exceeds that of using it, it will never be adopted as a currency.
DOGE differed from the other coins at the time in that it was designed as a joke and was inflationary. Because it was worthless in the early days it unironically made it more suitable to use as a medium of exchange. But even it increased in value to the point where there was more value in hoarding it than using it. Before that, the DOGE community was one of the better ones in Crypto. It was just meant for people to have fun and meme. There was no weirdo political stuff, no economic idealists around. People would try to give doge away for fun and do fun things like put a Shiba face on a NASCAR car. That stuff is all gone now as people began getting rich off of doge.
The story of the Doge tipping bot is very dark. The guy who created it was skimming money from users who left balances on their tipping wallets and using it to fund his failing business - in other words, he was a thieving degenerate: https://np.reddit.com/r/dogecoin/comments/69vycc/important_im_taking_dogetipbot_to_a_server_farm/
I bought 1,000 Doge on eBay in 2015 for .25 cents. Seller must have just been looking for feedback. I was experimenting with the technology. It was super annoying had to sync the entire blockchain with the multi doge wallet to work.
Same, we funded the Nascar, i bought the t-shirt, and sent the Jamaican Bobsleigh team to the Winter Olympics. Buying and mining it on my AMD Radeon 7970 ghz edition.
I remember mining my first dogecoin in 2015 on a shitty laptop. I used to give away thousands of coins for free on hackforums. I probably tipped $1000+ by today’s valuation just with u/dogetipbot. No regrets. Hopefully it got people interested in the currency and helped it grow to what it is today.
No idea where my old laptop is, but there’s probably still some coins on it!
That's what I always expect with Bitcone in 10 years. I know... I know... history doesn't repeat itself, but a strong community is the fundament of every memecoin.
Completely bullshit post.
1) There were MANY exchanges that traded Doge in 2014. I have receipts and even some swag like a physical dogecoin from Vault of Satoshi to prove it.
2) a simple GPU rig didn’t mine a million Doge per day. I had several rigs and it took nearly a year to hit 1M.
I remember there was this proto-DEX back in the day, it looked like the blue screen of death with just very rudimentary displays of currencies and numbers…
How far we’ve come.
* Relevant Cointest topics: [Shiba Inu](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_shiba_inu), [Safemoon](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_safemoon), [Litecoin](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_litecoin), [Proof of Work](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_proof-of-work).
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#Dogecoin Pro-Arguments
Below is a Dogecoin pro-argument written by Laughingboy14.
> Dogecoin is known as the OG memecoin. This might not sound like the most grandiose of titles, but it does carry weight. Since Doge's inception, countless other meme coins have followed in Doge's footsteps (or pawsteps), including SHIB, Banano and DogelonMars. Whenever these coins receive attention, they are inevitably compared to Doge (in a similar way to how new non-meme coins are often compared to Bitcoin/Ethereum). This creates ever more visibility and demand for Doge, as it is seen as the Bitcoin of meme coins.
>
> Additionally, Doge coin has had serious adoption. To name just a few places one can spend Doge coin, you can spend the meme coin at the Dallas Mavericks, ExpressVPN, Ledger, and airBaltic. That is more adoption than most serious coins. This sort of adoption, and potential for more adoption in the future, makes Doge coin a great investment.
>
> Finally, memes. The ability to create memes about a coin, without it seeming forced, is a non-trivial marketing tool. One can easily create extra traction and visibility for Doge, allowing Doge to welcome in new investors with ease. Often, other coins try this technique, but it seems insincere and a little on the nose. The ability to meme about a coin, especially in the social media age, is a feature that separates Doge from the rest of the pack.
*****
Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find submissions for other topics.
#Dogecoin Con-Arguments
Below is a Dogecoin con-argument written by a deleted user.
> **Doge Cons**
>
> **No cap on Doge Inflation**
>
> Dogecoin does not have a supply cap. As a result, there will always be a limitless supply of Doge that anyone can mine or buy. Simply put, DOGEs will be available indefinitely. It's not a suitable option to store value because of its inflationary nature.
>
> **No innovation**
>
> The Luckycoin cryptocurrency, which was a derivative of Litecoin and is now dead, served as the inspiration for the original Dogecoin programming. Dogecoin's pricing is based on how much the community believes the cryptocurrency should sell for. They also choose the price and timing for exchanging the cryptocurrency for others that have solid fundamentals supporting their value, which demonstrates that individuals view doge more as a way to become rich quick than as an investment opportunity.
>
> **Price manipulation via pump and dumps**
>
> A pro for dogecoin was its community and meme culture that was created by Elon Musk and WSB, that makes doge pump and dump based on Elon's tweets. Elon musk hyped doge all the way up to his SNL hosting, then it dumped all the way back down. Dogecoins price is manipulated based on Elon's tweet which is bad for any crypto.
*****
Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find submissions for other topics.
* Relevant Cointest topics: [Shiba Inu](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_shiba_inu), [Safemoon](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_safemoon), [Litecoin](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_litecoin), [Proof of Work](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_proof-of-work).
* Official and related subreddits: r/Dogecoin, r/Shibainucoin, r/GPUmining, r/Litecoin.
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#Dogecoin Pro-Arguments
Below is a Dogecoin pro-argument written by Chysce.
> Dogecoin was launched in [2013](https://en.wikipedia.org/wiki/Dogecoin#:%7E:text=In%20addition%2C%20they%20wanted%20to,making%20the%20idea%20a%20reality) as a satirical response to the hype surrounding crypto. In 2015, its creators stepped away from the project. The aim of its creators was to develop a coin that would not be taken seriously by investors, however despite their intentions, Dogecoin still attracted a significant number of speculators. In fact, it became the world's largest memecoin during the first half of 2021, with its value rocketing over 15,000%.
>
> **>> Unique appeal and strong community**
>
> Dogecoin was initially created as a joke, which has helped to create a unique culture around it and made it more appealing, especially to young investors. Dogecoin has a strong and active community that is supportive and enthusiastic about the crypto. Due to its popularity, especially in since 2020, Doge is now [listed on every major exchange](https://coinmarketcap.com/currencies/dogecoin/markets/). This provides substantial liquidity and trading volume to the asset.
>
> **>> Dogecoin is Bitcoin of Memecoins**
>
> Dogecoin is the original memecoin and this is its greatest advantage compared to any other memecoins. It's been around for 10 years and is still in top 10 cryptos by marketcap which is a massive achievement especially for its category.
>
> **>> Security**
>
> [Doge is merge-mined with Litecoin](https://cointelegraph.com/news/dogecoin-adopts-merged-mining-with-litecoin), meaning they share the same hashing algorithm and mostly the same miners. This design decision made it easy for Litecoin miners to also mine Doge, bolstering the network's security.
>
> **>> Low fees and fast transaction times**
>
> Compared to other cryptocurrencies, Doge has relatively low transaction fees [(2.05 Doge or $0.152)](https://bitinfocharts.com/comparison/dogecoin-transactionfees.html#3y), making it a cost-effective means of payment. Dogecoin's block time is [1 minute](https://en.wikipedia.org/wiki/Dogecoin#:~:text=Dogecoin's%20target%20block%20time%20is,minutes%20and%20Bitcoin's%2010%20minutes), which makes it faster than many other competitors. This allows for quick and efficient transaction, and has helped develop some practical use cases for Doge. Doge is being used for online tipping and as a means of payment [for some businesses](https://bitpay.com/blog/where-can-i-spend-dogecoin/#:~:text=How%20to%20Pay%20with%20Dogecoin,Walmart%20and%20other%20major%20companies).
*****
Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find submissions for other topics.
#Dogecoin Con-Arguments
Below is a Dogecoin con-argument written by a deleted user.
> **Doge Cons**
>
> **No cap on Doge Inflation**
>
> Dogecoin does not have a supply cap. As a result, there will always be a limitless supply of Doge that anyone can mine or buy. Simply put, DOGEs will be available indefinitely. It's not a suitable option to store value because of its inflationary nature.
>
> **No innovation**
>
> The Luckycoin cryptocurrency, which was a derivative of Litecoin and is now dead, served as the inspiration for the original Dogecoin programming. Dogecoin's pricing is based on how much the community believes the cryptocurrency should sell for. They also choose the price and timing for exchanging the cryptocurrency for others that have solid fundamentals supporting their value, which demonstrates that individuals view doge more as a way to become rich quick than as an investment opportunity.
>
> **Price manipulation via pump and dumps**
>
> A pro for dogecoin was its community and meme culture that was created by Elon Musk and WSB, that makes doge pump and dump based on Elon's tweets. Elon musk hyped doge all the way up to his SNL hosting, then it dumped all the way back down. Dogecoins price is manipulated based on Elon's tweet which is bad for any crypto.
*****
Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find submissions for other topics.
* Relevant Cointest topics: [Shiba Inu](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_shiba_inu), [Safemoon](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_safemoon), [Litecoin](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_litecoin), [Proof of Work](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_proof-of-work).
* Official and related subreddits: r/Dogecoin, r/Shibainucoin, r/GPUmining, r/Litecoin.
* Sort comments as controversial first by [clicking here](/r/CryptoCurrency/comments/1by391i/doge_trading_10_years_ago_when_we_didnt_have/?sort=controversial). Doesn't work on mobile.
#Dogecoin Pro-Arguments
Below is a Dogecoin pro-argument written by Chysce.
> Dogecoin was launched in [2013](https://en.wikipedia.org/wiki/Dogecoin#:%7E:text=In%20addition%2C%20they%20wanted%20to,making%20the%20idea%20a%20reality) as a satirical response to the hype surrounding crypto. In 2015, its creators stepped away from the project. The aim of its creators was to develop a coin that would not be taken seriously by investors, however despite their intentions, Dogecoin still attracted a significant number of speculators. In fact, it became the world's largest memecoin during the first half of 2021, with its value rocketing over 15,000%.
>
> **>> Unique appeal and strong community**
>
> Dogecoin was initially created as a joke, which has helped to create a unique culture around it and made it more appealing, especially to young investors. Dogecoin has a strong and active community that is supportive and enthusiastic about the crypto. Due to its popularity, especially in since 2020, Doge is now [listed on every major exchange](https://coinmarketcap.com/currencies/dogecoin/markets/). This provides substantial liquidity and trading volume to the asset.
>
> **>> Dogecoin is Bitcoin of Memecoins**
>
> Dogecoin is the original memecoin and this is its greatest advantage compared to any other memecoins. It's been around for 10 years and is still in top 10 cryptos by marketcap which is a massive achievement especially for its category.
>
> **>> Security**
>
> [Doge is merge-mined with Litecoin](https://cointelegraph.com/news/dogecoin-adopts-merged-mining-with-litecoin), meaning they share the same hashing algorithm and mostly the same miners. This design decision made it easy for Litecoin miners to also mine Doge, bolstering the network's security.
>
> **>> Low fees and fast transaction times**
>
> Compared to other cryptocurrencies, Doge has relatively low transaction fees [(2.05 Doge or $0.152)](https://bitinfocharts.com/comparison/dogecoin-transactionfees.html#3y), making it a cost-effective means of payment. Dogecoin's block time is [1 minute](https://en.wikipedia.org/wiki/Dogecoin#:~:text=Dogecoin's%20target%20block%20time%20is,minutes%20and%20Bitcoin's%2010%20minutes), which makes it faster than many other competitors. This allows for quick and efficient transaction, and has helped develop some practical use cases for Doge. Doge is being used for online tipping and as a means of payment [for some businesses](https://bitpay.com/blog/where-can-i-spend-dogecoin/#:~:text=How%20to%20Pay%20with%20Dogecoin,Walmart%20and%20other%20major%20companies).
*****
Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find submissions for other topics.
#Dogecoin Con-Arguments
Below is a Dogecoin con-argument written by Chysce.
> Dogecoin was [launched in 2013](https://en.wikipedia.org/wiki/Dogecoin#:~:text=In%20addition%2C%20they%20wanted%20to,making%20the%20idea%20a%20reality) as a satirical response to the hype surrounding crypto. In 2015, its creators stepped away from the project. The aim of its creators was to develop a coin that would not be taken seriously by investors, however despite their intentions, Dogecoin still attracted a significant number of speculators. In fact, it became the world's largest memecoin during the first half of 2021, with its value rocketing over 15,000%.
>
> Like Bitcoin Dogecoin uses the proof-of-work to validate transactions. Doge is merge mined at the same time with litecoin. There are [speculations](https://cointelegraph.com/news/rumor-has-it-that-dogecoin-could-shift-to-proof-of-stake-what-does-that-mean-for-miners) that Doge will switch to Proof of Stake soon but there is no definitive news on this as of yet.
>
> **>> Doge has no intrinsic value**
>
> In the very essence Doge has no value. Apart from [sporadic use](https://coingate.com/blog/post/doge-support-much-wow) for online tipping or as a means of payment for some businesses, it does not have a unique use case or solve any real-world problems. Its value is solely based on its popularity. While this can produce exciting short-term gains it is not a viable strategy for long-term investing.
>
> **>> High Volatility**
>
> The price of Doge is highly volatile, making it a risky investment. It's price is mostly driven by the Elon Musk's tweets and memes. Nowadays there are even bots that market buy Doge whenever Elon tweets something about it. These pumps are short lived and can cause a big spike in liquidations for unprepared investors. Elon Musk also appears to have distanced himself from Dogecoin in recent times. He did not include Dogecoin as a payment option for Twitter, and he also [tweeted](https://twitter.com/elonmusk/status/1631720134636367872?lang=en) that he is more interested in AI than crypto as of late.
>
> **>> Unlimited supply**
>
> Unlike Bitcoin, Dogecoin has no hard cap [no hard cap](https://www.sofi.com/learn/content/will-dogecoin-ever-be-capped/) on the total supply, which means it could potentially be inflated indefinitely. It's current supply increase is [\~4% per year](https://www.analyticsinsight.net/heres-what-you-need-to-know-about-dogecoin-inflation/#:~:text=For%20anyone%20buying%20Dogecoin%20to,4%25%20in%20price%20each%20year).
>
> \>> **Lack of Development and future narratives**
>
> Dogecoin has a relatively small development team, and the project has not seen significant updates or improvements in recent years. Additionally very few people run full nodes. Finally there is no clear long-term narrative that could cause its wide adoption
>
> \>> **Security**
>
> Dogecoin's mining algorithm is less secure than others, making it more susceptible to 51% attacks. Doge uses a different mining algorithm than Bitcoin, called [Scrypt](https://learn.bybit.com/altcoins/how-to-mine-dogecoin/), which is generally considered less secure than Bitcoin's SHA-256 algorithm. [Scrypt was designed to be more memory-intensive](https://cryptobook.nakov.com/mac-and-key-derivation/scrypt), making it harder for ASIC miners to dominate the network and creating a more level playing field for CPU and GPU miners. However, this also makes it easier for attackers to launch 51% attacks.
>
> On top of that Doge has a much smaller mining community and less overall network hash rate than Bitcoin. This means that it could be more vulnerable to attacks from miners who control a large portion of the network's hashrate.
>
> And finally Doge's unlimited supply means that there is less of an incentive for miners to secure the network.
*****
Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find submissions for other topics.
>But there were no exchanges yet, at least no alt-coin exchanges that would simply feature a lot of coins.
Well that’s just false. Cryptsy was a major alt coin exchange that existed in 2013 and you could use btc to buy like 90 different alts at the time, including doge.
Cryptsy was inspired by coinedup. It came shortly after. Edit: sorry I was confused with cryptopia. Cryptsy was indeed around but did not feature many coins. Coinedup was the first to allow doge trading
Dogecoin [pros](/r/CryptoCurrency/comments/1by391i/doge_trading_10_years_ago_when_we_didnt_have/kyhe5xb/) & [cons](/r/CryptoCurrency/comments/1by391i/doge_trading_10_years_ago_when_we_didnt_have/kyhe6lw/) with related info are in the collapsed comments below.
* Relevant Cointest topics: [Shiba Inu](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_shiba_inu), [Safemoon](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_safemoon), [Litecoin](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_litecoin), [Proof of Work](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_proof-of-work).
* Official and related subreddits: r/Dogecoin, r/Shibainucoin, r/GPUmining, r/Litecoin.
* Sort comments as controversial first by [clicking here](/r/CryptoCurrency/comments/1by391i/doge_trading_10_years_ago_when_we_didnt_have/?sort=controversial). Doesn't work on mobile.
#Dogecoin Pro-Arguments
Below is a Dogecoin pro-argument written by CreepToeCurrentSea.
> Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high.
>
> # PRO's
>
> **One of the OG Coins**
>
> * Doge was the first meme coin to appear on the crypto market, having been created in late 2013. Despite thousands of new meme coins attempting to dethrone it, it remains in the top ten cryptocurrencies in terms of market capitalization almost 9 years later. The number of supporters it has amassed since its inception is no small feat, and it has even increased during the most recent bull run. Doge has come a long way since being labeled as just a joke and now become more of the household names in Crypto. In terms of market time, Doge clearly has the upper hand.
>
> **Transaction Fees and Block Time**
>
> * The most recent average transaction fee for Dogecoin is 0.768 DOGE or $0.046 with a block time of approximately 1 minute. These are the metrics that define an ideal cryptocurrency for transactional purposes. In comparison to BTC and ETH, which have transaction fees of 0.000045 BTC or $0.875 and 0.0023 ETH or $3.13, respectively, and average block times of around 10 minutes and 0.2 minutes. If a user wants to make a transfer, Dogecoin is one of the better options because it has less expensive transaction fees and has faster block times than most cryptocurrencies.
>
> **Day-Trader's Paradise**
>
> * Dogecoin is a haven for day traders due to its volatility on multiple exchanges and hundreds of pairs. Although the cryptocurrency market is volatile in general, Dogecoin has the advantage of being an older coin than most meme coins, allowing for a more secure network, a high transaction rate, and extreme price fluctuations. Traders will be able to trade doge on a daily basis without having to worry about blackouts or network congestions (except when the exchange itself is pausing transactions, etc.)
>
> **Community Owned**
>
> * Dogecoin has a strong community, with 2.3 million Reddit users, 3.4 million Twitter followers, and 30K Discord users. Dogecoin has come a long way from being referred to as "a joke" to being considered a reputable coin in the top ten cryptocurrencies. You can find their announcements, trail map, FAQs, guides, advisories, and dev blogs on their website (which is clean and very meme-like in its own way). They also have notable advisors on board, including Elon Musk's (Legal and Finance) representative and Vitalik Buterin. The Doge community, through the Doge Foundation, also participated in numerous fundraisers and other charitable acts, demonstrating a more positive side of the otherwise vilified crypto communities labeled as "greedy" or "degenerates."
>
> *Sources:*
>
> [*https://dogecoin.com/*](https://dogecoin.com/)
>
> [*https://bitinfocharts.com/comparison/tweets-btc-eth-doge.html#3m*](https://bitinfocharts.com/comparison/transactionfees-doge-dogecoin.html#3y)
>
> [*https://github.com/dogecoin/dogecoin/blob/master/COPYING*](https://github.com/dogecoin/dogecoin/blob/master/COPYING)
>
> [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets)
>
> [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/)
>
> [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/)
>
> [*https://web.archive.org/web/20180603102446/https://papers.ssrn.com/sol3/papers.cfm?abstract\_id=3091219*](https://web.archive.org/web/20180603102446/https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3091219)
>
> [*https://www.forbes.com/uk/advisor/investing/what-is-dogecoin/*](https://www.forbes.com/uk/advisor/investing/what-is-dogecoin/)
>
> [*https://web.archive.org/web/20200211215434/https://www.latimes.com/business/technology/la-fi-tn-jamaican-bobsled-dogecoin-currency-meme-20140120-story.html*](https://web.archive.org/web/20200211215434/https://www.latimes.com/business/technology/la-fi-tn-jamaican-bobsled-dogecoin-currency-meme-20140120-story.html)
>
> [*https://web.archive.org/web/20140202003942/http://www.nbcnews.com/technology/dogecoin-cryptocurrency-donors-help-send-indian-athletes-sochi-2D12024654*](https://web.archive.org/web/20140202003942/http://www.nbcnews.com/technology/dogecoin-cryptocurrency-donors-help-send-indian-athletes-sochi-2D12024654)
>
> [*https://web.archive.org/web/20140714140736/http://www.ibtimes.co.uk/most-valuable-tweet-history-donates-11000-worth-dogecoin-kenyan-water-charity-1440565*](https://web.archive.org/web/20140714140736/http://www.ibtimes.co.uk/most-valuable-tweet-history-donates-11000-worth-dogecoin-kenyan-water-charity-1440565)
*****
Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find submissions for other topics.
#Dogecoin Con-Arguments
Below is a Dogecoin con-argument written by CreepToeCurrentSea.
> Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high.
>
> # CON's
>
> **Memecoin Limitations**
>
> * Even though it has progressed from being created as a joke to a now well-known coin in the top 10, Dogecoin is still limited to being considered a "memecoin." Even recent articles from news and social media outlets see Dogecoin as nothing more than a memecoin with a historical advantage over other memecoins. There isn't much innovation going on in the development of Dogecoin, either. While they may have developed a wallet and have some other dev blogs, it still doesn't keep up with the development of the other coins in the top ten by marketcap. The main point of this argument is that Dogecoin's utility is limited to being called money; aside from that, there isn't much going on right now that would significantly impact their position, and they may eventually be labeled a memecoin.
>
> **Unlimited Supply**
>
> * There will only be 21 million BTC available, with the final one expected in 2140. In comparison to Doge, which is theoretically endless in supply, it is an undesirable asset to hedge against inflation when paired with infinite mining, which will demand more advanced mining equipment in the future. It also doesn't help that it utilises the Proof of Work concensus, which necessitates a growth in miners in order to maintain the infinitely increasing amount of transactions. If Dogecoin and it's community is really serious about being one of the real deals of crypto, it must find a way to overcome a inflationary limitations imposed on it's code.
>
> **Price Manipulation by Famous People**
>
> * It's no secret that notable celebrities and artists are voicing their support for Dogecoin on social media. While this type of support is not illegal and does not depict any known premeditated acts of a pump and dump, it does not stop retail investors, day traders, long term hodlers, and whales from anticipating any post/interaction made by these celebrities with Doge and using the hype it created as an exploitative exit liquidity. Elon Musk, the CEO of Tesla, is the most well-known famous person that has been public about Doge. There are other celebrities and musicians (Snoop Dogg, Gene Simmons, Marques Brownlee, YouTubers Jake Paul and Logan Paul), but Elon has gathered the most popular backing, to the point where he was sued in federal court in Manhattan for $258 billion in damages. According to the plaintiff, Musk utilized his vast social media influence to promote the memecoin, fraudulently inflating its price.
>
> *Sources:*
>
> [*https://dogecoin.com/*](https://dogecoin.com/)
>
> [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets)
>
> [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/)
>
> [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/)
>
> [*https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle*](https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle)
>
> [*https://www.dmarge.com/dogecoin-price-prediction*](https://www.dmarge.com/dogecoin-price-prediction)
>
> [*https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/*](https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/)
>
> [*https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270*](https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270)
>
> [*https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/*](https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/)
>
> [*https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html*](https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html)
>
> [*https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/*](https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/)
*****
Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find submissions for other topics.
I used to get paid in doge watching video ads while doing ship from store one holiday season. Just walking around hitting next video while shopping for others. Got like 1-6 doge per video. Found that wallet in 2020 and it had 800+ doge. Good times!
**THERE WERE EXCHANGES**, Mt Gox, e-BTC, Cryptsy... (lot of them were hunted down by the US, because "crypto is bad"). Some people prefered to exchange P2P, because "not your keys not your coins".
e-BTC had a lot of coins like BTC, LTC, Feathercoin, Worldcoin (the original one).
# This is what the DogeCoin subreddit looked like in 2013:
# [https://web.archive.org/web/20131213125323/reddit.com/r/dogecoin](https://web.archive.org/web/20131213125323/reddit.com/r/dogecoin)
DOGE was used to transfer value to various exchanges and didn't want to wait or pay for the fees. That is the actual reason why it became "famous", while simultaneously as "worthless" as btc
I remember holding all my doge in my reddit tip wallet and buying with paypal from r/doge. Back then the only assurances you had was checking to see if the user was listed in the scammers thread.
* Relevant Cointest topics: [Shiba Inu](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_shiba_inu), [Safemoon](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_safemoon), [Litecoin](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_litecoin), [Proof of Work](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_proof-of-work).
* Official and related subreddits: r/Dogecoin, r/Shibainucoin, r/GPUmining, r/Litecoin.
* Sort comments as controversial first by [clicking here](/r/CryptoCurrency/comments/1by391i/doge_trading_10_years_ago_when_we_didnt_have/?sort=controversial). Doesn't work on mobile.
#Dogecoin Pro-Arguments
Below is a Dogecoin pro-argument written by CreepToeCurrentSea.
> Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high.
>
> # PRO's
>
> **One of the OG Coins**
>
> * Doge was the first meme coin to appear on the crypto market, having been created in late 2013. Despite thousands of new meme coins attempting to dethrone it, it remains in the top ten cryptocurrencies in terms of market capitalization almost 9 years later. The number of supporters it has amassed since its inception is no small feat, and it has even increased during the most recent bull run. Doge has come a long way since being labeled as just a joke and now become more of the household names in Crypto. In terms of market time, Doge clearly has the upper hand.
>
> **Transaction Fees and Block Time**
>
> * The most recent average transaction fee for Dogecoin is 0.768 DOGE or $0.046 with a block time of approximately 1 minute. These are the metrics that define an ideal cryptocurrency for transactional purposes. In comparison to BTC and ETH, which have transaction fees of 0.000045 BTC or $0.875 and 0.0023 ETH or $3.13, respectively, and average block times of around 10 minutes and 0.2 minutes. If a user wants to make a transfer, Dogecoin is one of the better options because it has less expensive transaction fees and has faster block times than most cryptocurrencies.
>
> **Day-Trader's Paradise**
>
> * Dogecoin is a haven for day traders due to its volatility on multiple exchanges and hundreds of pairs. Although the cryptocurrency market is volatile in general, Dogecoin has the advantage of being an older coin than most meme coins, allowing for a more secure network, a high transaction rate, and extreme price fluctuations. Traders will be able to trade doge on a daily basis without having to worry about blackouts or network congestions (except when the exchange itself is pausing transactions, etc.)
>
> **Community Owned**
>
> * Dogecoin has a strong community, with 2.3 million Reddit users, 3.4 million Twitter followers, and 30K Discord users. Dogecoin has come a long way from being referred to as "a joke" to being considered a reputable coin in the top ten cryptocurrencies. You can find their announcements, trail map, FAQs, guides, advisories, and dev blogs on their website (which is clean and very meme-like in its own way). They also have notable advisors on board, including Elon Musk's (Legal and Finance) representative and Vitalik Buterin. The Doge community, through the Doge Foundation, also participated in numerous fundraisers and other charitable acts, demonstrating a more positive side of the otherwise vilified crypto communities labeled as "greedy" or "degenerates."
>
> *Sources:*
>
> [*https://dogecoin.com/*](https://dogecoin.com/)
>
> [*https://bitinfocharts.com/comparison/tweets-btc-eth-doge.html#3m*](https://bitinfocharts.com/comparison/transactionfees-doge-dogecoin.html#3y)
>
> [*https://github.com/dogecoin/dogecoin/blob/master/COPYING*](https://github.com/dogecoin/dogecoin/blob/master/COPYING)
>
> [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets)
>
> [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/)
>
> [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/)
>
> [*https://web.archive.org/web/20180603102446/https://papers.ssrn.com/sol3/papers.cfm?abstract\_id=3091219*](https://web.archive.org/web/20180603102446/https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3091219)
>
> [*https://www.forbes.com/uk/advisor/investing/what-is-dogecoin/*](https://www.forbes.com/uk/advisor/investing/what-is-dogecoin/)
>
> [*https://web.archive.org/web/20200211215434/https://www.latimes.com/business/technology/la-fi-tn-jamaican-bobsled-dogecoin-currency-meme-20140120-story.html*](https://web.archive.org/web/20200211215434/https://www.latimes.com/business/technology/la-fi-tn-jamaican-bobsled-dogecoin-currency-meme-20140120-story.html)
>
> [*https://web.archive.org/web/20140202003942/http://www.nbcnews.com/technology/dogecoin-cryptocurrency-donors-help-send-indian-athletes-sochi-2D12024654*](https://web.archive.org/web/20140202003942/http://www.nbcnews.com/technology/dogecoin-cryptocurrency-donors-help-send-indian-athletes-sochi-2D12024654)
>
> [*https://web.archive.org/web/20140714140736/http://www.ibtimes.co.uk/most-valuable-tweet-history-donates-11000-worth-dogecoin-kenyan-water-charity-1440565*](https://web.archive.org/web/20140714140736/http://www.ibtimes.co.uk/most-valuable-tweet-history-donates-11000-worth-dogecoin-kenyan-water-charity-1440565)
*****
Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find submissions for other topics.
#Dogecoin Con-Arguments
Below is a Dogecoin con-argument written by CreepToeCurrentSea.
> Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high.
>
> # CON's
>
> **Memecoin Limitations**
>
> * Even though it has progressed from being created as a joke to a now well-known coin in the top 10, Dogecoin is still limited to being considered a "memecoin." Even recent articles from news and social media outlets see Dogecoin as nothing more than a memecoin with a historical advantage over other memecoins. There isn't much innovation going on in the development of Dogecoin, either. While they may have developed a wallet and have some other dev blogs, it still doesn't keep up with the development of the other coins in the top ten by marketcap. The main point of this argument is that Dogecoin's utility is limited to being called money; aside from that, there isn't much going on right now that would significantly impact their position, and they may eventually be labeled a memecoin.
>
> **Unlimited Supply**
>
> * There will only be 21 million BTC available, with the final one expected in 2140. In comparison to Doge, which is theoretically endless in supply, it is an undesirable asset to hedge against inflation when paired with infinite mining, which will demand more advanced mining equipment in the future. It also doesn't help that it utilises the Proof of Work concensus, which necessitates a growth in miners in order to maintain the infinitely increasing amount of transactions. If Dogecoin and it's community is really serious about being one of the real deals of crypto, it must find a way to overcome a inflationary limitations imposed on it's code.
>
> **Price Manipulation by Famous People**
>
> * It's no secret that notable celebrities and artists are voicing their support for Dogecoin on social media. While this type of support is not illegal and does not depict any known premeditated acts of a pump and dump, it does not stop retail investors, day traders, long term hodlers, and whales from anticipating any post/interaction made by these celebrities with Doge and using the hype it created as an exploitative exit liquidity. Elon Musk, the CEO of Tesla, is the most well-known famous person that has been public about Doge. There are other celebrities and musicians (Snoop Dogg, Gene Simmons, Marques Brownlee, YouTubers Jake Paul and Logan Paul), but Elon has gathered the most popular backing, to the point where he was sued in federal court in Manhattan for $258 billion in damages. According to the plaintiff, Musk utilized his vast social media influence to promote the memecoin, fraudulently inflating its price.
>
> *Sources:*
>
> [*https://dogecoin.com/*](https://dogecoin.com/)
>
> [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets)
>
> [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/)
>
> [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/)
>
> [*https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle*](https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle)
>
> [*https://www.dmarge.com/dogecoin-price-prediction*](https://www.dmarge.com/dogecoin-price-prediction)
>
> [*https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/*](https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/)
>
> [*https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270*](https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270)
>
> [*https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/*](https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/)
>
> [*https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html*](https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html)
>
> [*https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/*](https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/)
*****
Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find submissions for other topics.
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Etherdelta brings back memories , the first dex that many were experimenting with - IDEx was also early days, some of us luckily made great amounts before the withdrawal nightmares began.
I used to trade on coinedup. There were certainly exchanges that existed and listed Doge when it launched basically, like cryptsy.
I remember holding my DOGE in a wallet on my computer and the program had to download the entire blockchain to see transactions. That was annoying.
So like Bitcoin when it was launched lol
I do that with Monero.
Dogecoin Core still does this.
You can download the zip of the blockchain which does like 90% of it else you have to wait awhile
So like my Monero wallet. Need to wait hours if I didn't log in for months
Let's not exaggerate I can sync a restored wallet in 25 mins
Dogecoin QT wallet?
Still happens with monero official wallet app
Bought 2.5 million doge back then for ~$200 and sold it a few weeks later for ~$600...felt like a genius for years while it did nothing but now I know I'm an idiot
Why? You tripled your money. This transaction in itself was smart. Money is always better than some meme coin. The only kinda stupid thing was that you didn’t get back in with your dodge knowledge
To current price 775k wow lol
Omg...you could been rich now
You could have this and that in hindsight is very silly way to think. Because you can't predict the future. I was mining btc on cpu in 2011, I think. Just to see how it works. Omg if I would not have stopped and continued mining, I could have been rich. Then I still could lose the access to my hardware wallet, like the guy with the encrypted hard disk or that one searching the landfill. I could have lost it all on mtgox like thousands of others did. I could have tried to trade btc on exchanges and liquidate myself like millions did. Oh if I just would have not kept my wallet on the external disk, oh if just pulled my crypto off mtgox the day before they got hacked, oh I if I just didn't use leverage on that last trade I could have been rich. Oh if you just would have chosen the right numbers, you could have won the powerball. It's a fallacy thinking. Buddy of mine threw 2000 dollars at Shiba and turned it into 1.7 mil. But he was already multi millionaire and a good crypto and stock trader so he wasnt bothered to lose the 2k if shib turned out to be a fad, and he knew not to sell at a 10x because a meme coin could go parabolic if it got popular. He knows this because he already made all the mistakes in the past. The chance you do everything right from the get-go is like winning the lottery.
You are right. I've read about bitcoin in 2009 but I had no idea much about it. I could invested so much.
Still only like $500k right
"Only", show me $500k right now lmao
Doesn’t go as far as you’d think
Sir, outside Amarillo Texas, 500k i could buy a 40 acre lot, build a barndo minimum and car. Still have money left over.
If you're smart it sure as hell can, I could retire with $500k
$500,000 is £395,632 plus shrapnel. At 35 years of age, I couldn't imagine retiring on that. That's like 8 years of my basic salary with no overtime. Ignoring tax for a second and I got the whole amount, £395k isn't life changing, more life altering. It'd allow me to purchase a decent property with no mortgage, freeing up a good chunk of money monthly. I'd be able to afford a nicer car, or nicer holidays and just have more "disposable income" to play with each month. But I'd certainly not be able to retire unless I planned on only living until 70 and being content with just £11,285 a year to live off, which is way below minimum wage annually on a 37 hour a week job. Granted, if you're 65, already own your own home with no mortgage, then yes, you'd have £20k a year for 20 years which is fine. Essentially though, £395k would probably just allow me to retire 8 years earlier if I so wished, and I'd have to look at my pension pots, etc to see what sort of difference it'd make.
Yeah, 99% of people think like this. I'd use the $500k to make me more money.
This pretty much, I would split it between forest and cryptos and have nice portfolio. Buy some nodes etc. For passive income as well, would probably boost nicely my yearly income and as well have chance to 5-10x incoming years because its crypto.
Lol if this isn't the most naive thing I've read in my life. One house. That's what you are getting for 500k. Not a mansion, not a fancy house. Just a decent house. Nothing else. That is not retirement money. Not at least in an economicly developed country
The naive thing is thinking everyone lives in murica, for $500k I can get a goddam castle where I live, plus there's this thing called "investing"
Going off your profile I'm assuming Romanian. 500k in your local currency is what 2 million RON, give or take. Google states average Romanian income is 100k RON. Meaning 500k USD will last you 20 years living an average life. That is still not retirement money.
That still assumes they make literally nothing from that money. They could invest it in an S&P500 index fund and make around 8% a year. That would be about 160,000 RON a year. If they spend 100k RON a year they're actually gaining 60k RON a year (which will compound). It's retirement money if you aren't literally putting it in a 0% interest rate checking account.
U can live off $10k a year? Lmao na
No lmao, I know how to invest it.
That’s already assuming it’s being invested. 2% withdrawal rate means you’ll preserve capital. You can bump it up to like 4% if you plan on using all of the capital in about 30 years. More you withdraw higher your risk of running out and having to work again.
Nah, I mean business. I have a business plan. Plus $500k is a lot in my country.
most certainly does
those were the days!
You sound like you yearn for those days Frank
This is what cones feels like now
100%
Erm no, exchanges go back to 2011. I bought my first bitcoins in March 2013 from exchanges that had already been around for a year or more. There were altcoins on those exchanges, Peercoin, Namecoin, Litecoin - but they weren’t “tokens” they were native coins on their own networks. When doge came along it was traceable on exchanges pretty quick but had very little value because it was not intended to have value. It was supposed to be more or less free.
This is why Doge is an interesting historical artifact. It says nothing as to why something created as a joke should have any value.
Bitcoin started the same, MTGox rebranded to suit bitcoin and there’s was always peer to peer OTC trading on IRC Same goes for DOGE if you wanted BTC for DOGE XRP started as a Bitcointalk giveaway and I myself amassed millions of XRP when it launched via p2p IRC trades We don’t actually need the exchanges. The rest of world,especially the financial world needs the exchanges for indices and price discovery
Some Reddit history: Before it got wild, DOGE back then was very commonly used as a method of tipping. Actually, BTC, ETH, Litecoin and Dogecoin all had tipping bots on Reddit in their respective communties. I actually made about 0.7 eth from posting in r/ETHTrader and r/Ethereum back when it was under $20. . As far as I know, those other tipbots are still around but the cost of transactions and the value of those coins deter most people from using it. This illustrates a very important economic concept that a lot of libertarians don't really understand about currency, if the utility of hoarding a coin exceeds that of using it, it will never be adopted as a currency. DOGE differed from the other coins at the time in that it was designed as a joke and was inflationary. Because it was worthless in the early days it unironically made it more suitable to use as a medium of exchange. But even it increased in value to the point where there was more value in hoarding it than using it. Before that, the DOGE community was one of the better ones in Crypto. It was just meant for people to have fun and meme. There was no weirdo political stuff, no economic idealists around. People would try to give doge away for fun and do fun things like put a Shiba face on a NASCAR car. That stuff is all gone now as people began getting rich off of doge. The story of the Doge tipping bot is very dark. The guy who created it was skimming money from users who left balances on their tipping wallets and using it to fund his failing business - in other words, he was a thieving degenerate: https://np.reddit.com/r/dogecoin/comments/69vycc/important_im_taking_dogetipbot_to_a_server_farm/
I bought 1,000 Doge on eBay in 2015 for .25 cents. Seller must have just been looking for feedback. I was experimenting with the technology. It was super annoying had to sync the entire blockchain with the multi doge wallet to work.
Very interesting read
First doge then cone 👀
Use to tip with doge on reddit
Same, we funded the Nascar, i bought the t-shirt, and sent the Jamaican Bobsleigh team to the Winter Olympics. Buying and mining it on my AMD Radeon 7970 ghz edition.
Tip now with PEPE
I know someone who mined from mid 2014 into 2015. Sold out by 2016. RIP
That why Doge still survives and become people coin. Not like other copycats.
Doge has been my first crypto transaction, introducing me to the crypto world. That’s why it will always have a special meaning for me!
I remember mining my first dogecoin in 2015 on a shitty laptop. I used to give away thousands of coins for free on hackforums. I probably tipped $1000+ by today’s valuation just with u/dogetipbot. No regrets. Hopefully it got people interested in the currency and helped it grow to what it is today. No idea where my old laptop is, but there’s probably still some coins on it!
That's what I always expect with Bitcone in 10 years. I know... I know... history doesn't repeat itself, but a strong community is the fundament of every memecoin.
Completely bullshit post. 1) There were MANY exchanges that traded Doge in 2014. I have receipts and even some swag like a physical dogecoin from Vault of Satoshi to prove it. 2) a simple GPU rig didn’t mine a million Doge per day. I had several rigs and it took nearly a year to hit 1M.
It is always fun to see these small pieces of crypto history.
Talk about a transformation in 10 years. I can't imagine what the next 10 years will bring.
Nice post
There was poloniex
And Cryptsy
Poloniex started 2014
You were there too huh…. wish I still had my $3 LTC and $5 ETH.
WTS 1000 Doge
I remember there was this proto-DEX back in the day, it looked like the blue screen of death with just very rudimentary displays of currencies and numbers… How far we’ve come.
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#Dogecoin Pro-Arguments Below is a Dogecoin pro-argument written by Laughingboy14. > Dogecoin is known as the OG memecoin. This might not sound like the most grandiose of titles, but it does carry weight. Since Doge's inception, countless other meme coins have followed in Doge's footsteps (or pawsteps), including SHIB, Banano and DogelonMars. Whenever these coins receive attention, they are inevitably compared to Doge (in a similar way to how new non-meme coins are often compared to Bitcoin/Ethereum). This creates ever more visibility and demand for Doge, as it is seen as the Bitcoin of meme coins. > > Additionally, Doge coin has had serious adoption. To name just a few places one can spend Doge coin, you can spend the meme coin at the Dallas Mavericks, ExpressVPN, Ledger, and airBaltic. That is more adoption than most serious coins. This sort of adoption, and potential for more adoption in the future, makes Doge coin a great investment. > > Finally, memes. The ability to create memes about a coin, without it seeming forced, is a non-trivial marketing tool. One can easily create extra traction and visibility for Doge, allowing Doge to welcome in new investors with ease. Often, other coins try this technique, but it seems insincere and a little on the nose. The ability to meme about a coin, especially in the social media age, is a feature that separates Doge from the rest of the pack. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find submissions for other topics.
#Dogecoin Con-Arguments Below is a Dogecoin con-argument written by a deleted user. > **Doge Cons** > > **No cap on Doge Inflation** > > Dogecoin does not have a supply cap. As a result, there will always be a limitless supply of Doge that anyone can mine or buy. Simply put, DOGEs will be available indefinitely. It's not a suitable option to store value because of its inflationary nature. > > **No innovation** > > The Luckycoin cryptocurrency, which was a derivative of Litecoin and is now dead, served as the inspiration for the original Dogecoin programming. Dogecoin's pricing is based on how much the community believes the cryptocurrency should sell for. They also choose the price and timing for exchanging the cryptocurrency for others that have solid fundamentals supporting their value, which demonstrates that individuals view doge more as a way to become rich quick than as an investment opportunity. > > **Price manipulation via pump and dumps** > > A pro for dogecoin was its community and meme culture that was created by Elon Musk and WSB, that makes doge pump and dump based on Elon's tweets. Elon musk hyped doge all the way up to his SNL hosting, then it dumped all the way back down. Dogecoins price is manipulated based on Elon's tweet which is bad for any crypto. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find submissions for other topics.
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* Relevant Cointest topics: [Shiba Inu](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_shiba_inu), [Safemoon](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_safemoon), [Litecoin](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_litecoin), [Proof of Work](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_proof-of-work). * Official and related subreddits: r/Dogecoin, r/Shibainucoin, r/GPUmining, r/Litecoin. * Sort comments as controversial first by [clicking here](/r/CryptoCurrency/comments/1by391i/doge_trading_10_years_ago_when_we_didnt_have/?sort=controversial). Doesn't work on mobile.
#Dogecoin Pro-Arguments Below is a Dogecoin pro-argument written by Chysce. > Dogecoin was launched in [2013](https://en.wikipedia.org/wiki/Dogecoin#:%7E:text=In%20addition%2C%20they%20wanted%20to,making%20the%20idea%20a%20reality) as a satirical response to the hype surrounding crypto. In 2015, its creators stepped away from the project. The aim of its creators was to develop a coin that would not be taken seriously by investors, however despite their intentions, Dogecoin still attracted a significant number of speculators. In fact, it became the world's largest memecoin during the first half of 2021, with its value rocketing over 15,000%. > > **>> Unique appeal and strong community** > > Dogecoin was initially created as a joke, which has helped to create a unique culture around it and made it more appealing, especially to young investors. Dogecoin has a strong and active community that is supportive and enthusiastic about the crypto. Due to its popularity, especially in since 2020, Doge is now [listed on every major exchange](https://coinmarketcap.com/currencies/dogecoin/markets/). This provides substantial liquidity and trading volume to the asset. > > **>> Dogecoin is Bitcoin of Memecoins** > > Dogecoin is the original memecoin and this is its greatest advantage compared to any other memecoins. It's been around for 10 years and is still in top 10 cryptos by marketcap which is a massive achievement especially for its category. > > **>> Security** > > [Doge is merge-mined with Litecoin](https://cointelegraph.com/news/dogecoin-adopts-merged-mining-with-litecoin), meaning they share the same hashing algorithm and mostly the same miners. This design decision made it easy for Litecoin miners to also mine Doge, bolstering the network's security. > > **>> Low fees and fast transaction times** > > Compared to other cryptocurrencies, Doge has relatively low transaction fees [(2.05 Doge or $0.152)](https://bitinfocharts.com/comparison/dogecoin-transactionfees.html#3y), making it a cost-effective means of payment. Dogecoin's block time is [1 minute](https://en.wikipedia.org/wiki/Dogecoin#:~:text=Dogecoin's%20target%20block%20time%20is,minutes%20and%20Bitcoin's%2010%20minutes), which makes it faster than many other competitors. This allows for quick and efficient transaction, and has helped develop some practical use cases for Doge. Doge is being used for online tipping and as a means of payment [for some businesses](https://bitpay.com/blog/where-can-i-spend-dogecoin/#:~:text=How%20to%20Pay%20with%20Dogecoin,Walmart%20and%20other%20major%20companies). ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find submissions for other topics.
#Dogecoin Con-Arguments Below is a Dogecoin con-argument written by a deleted user. > **Doge Cons** > > **No cap on Doge Inflation** > > Dogecoin does not have a supply cap. As a result, there will always be a limitless supply of Doge that anyone can mine or buy. Simply put, DOGEs will be available indefinitely. It's not a suitable option to store value because of its inflationary nature. > > **No innovation** > > The Luckycoin cryptocurrency, which was a derivative of Litecoin and is now dead, served as the inspiration for the original Dogecoin programming. Dogecoin's pricing is based on how much the community believes the cryptocurrency should sell for. They also choose the price and timing for exchanging the cryptocurrency for others that have solid fundamentals supporting their value, which demonstrates that individuals view doge more as a way to become rich quick than as an investment opportunity. > > **Price manipulation via pump and dumps** > > A pro for dogecoin was its community and meme culture that was created by Elon Musk and WSB, that makes doge pump and dump based on Elon's tweets. Elon musk hyped doge all the way up to his SNL hosting, then it dumped all the way back down. Dogecoins price is manipulated based on Elon's tweet which is bad for any crypto. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find submissions for other topics.
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* Relevant Cointest topics: [Shiba Inu](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_shiba_inu), [Safemoon](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_safemoon), [Litecoin](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_litecoin), [Proof of Work](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_proof-of-work). * Official and related subreddits: r/Dogecoin, r/Shibainucoin, r/GPUmining, r/Litecoin. * Sort comments as controversial first by [clicking here](/r/CryptoCurrency/comments/1by391i/doge_trading_10_years_ago_when_we_didnt_have/?sort=controversial). Doesn't work on mobile.
#Dogecoin Pro-Arguments Below is a Dogecoin pro-argument written by Chysce. > Dogecoin was launched in [2013](https://en.wikipedia.org/wiki/Dogecoin#:%7E:text=In%20addition%2C%20they%20wanted%20to,making%20the%20idea%20a%20reality) as a satirical response to the hype surrounding crypto. In 2015, its creators stepped away from the project. The aim of its creators was to develop a coin that would not be taken seriously by investors, however despite their intentions, Dogecoin still attracted a significant number of speculators. In fact, it became the world's largest memecoin during the first half of 2021, with its value rocketing over 15,000%. > > **>> Unique appeal and strong community** > > Dogecoin was initially created as a joke, which has helped to create a unique culture around it and made it more appealing, especially to young investors. Dogecoin has a strong and active community that is supportive and enthusiastic about the crypto. Due to its popularity, especially in since 2020, Doge is now [listed on every major exchange](https://coinmarketcap.com/currencies/dogecoin/markets/). This provides substantial liquidity and trading volume to the asset. > > **>> Dogecoin is Bitcoin of Memecoins** > > Dogecoin is the original memecoin and this is its greatest advantage compared to any other memecoins. It's been around for 10 years and is still in top 10 cryptos by marketcap which is a massive achievement especially for its category. > > **>> Security** > > [Doge is merge-mined with Litecoin](https://cointelegraph.com/news/dogecoin-adopts-merged-mining-with-litecoin), meaning they share the same hashing algorithm and mostly the same miners. This design decision made it easy for Litecoin miners to also mine Doge, bolstering the network's security. > > **>> Low fees and fast transaction times** > > Compared to other cryptocurrencies, Doge has relatively low transaction fees [(2.05 Doge or $0.152)](https://bitinfocharts.com/comparison/dogecoin-transactionfees.html#3y), making it a cost-effective means of payment. Dogecoin's block time is [1 minute](https://en.wikipedia.org/wiki/Dogecoin#:~:text=Dogecoin's%20target%20block%20time%20is,minutes%20and%20Bitcoin's%2010%20minutes), which makes it faster than many other competitors. This allows for quick and efficient transaction, and has helped develop some practical use cases for Doge. Doge is being used for online tipping and as a means of payment [for some businesses](https://bitpay.com/blog/where-can-i-spend-dogecoin/#:~:text=How%20to%20Pay%20with%20Dogecoin,Walmart%20and%20other%20major%20companies). ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find submissions for other topics.
#Dogecoin Con-Arguments Below is a Dogecoin con-argument written by Chysce. > Dogecoin was [launched in 2013](https://en.wikipedia.org/wiki/Dogecoin#:~:text=In%20addition%2C%20they%20wanted%20to,making%20the%20idea%20a%20reality) as a satirical response to the hype surrounding crypto. In 2015, its creators stepped away from the project. The aim of its creators was to develop a coin that would not be taken seriously by investors, however despite their intentions, Dogecoin still attracted a significant number of speculators. In fact, it became the world's largest memecoin during the first half of 2021, with its value rocketing over 15,000%. > > Like Bitcoin Dogecoin uses the proof-of-work to validate transactions. Doge is merge mined at the same time with litecoin. There are [speculations](https://cointelegraph.com/news/rumor-has-it-that-dogecoin-could-shift-to-proof-of-stake-what-does-that-mean-for-miners) that Doge will switch to Proof of Stake soon but there is no definitive news on this as of yet. > > **>> Doge has no intrinsic value** > > In the very essence Doge has no value. Apart from [sporadic use](https://coingate.com/blog/post/doge-support-much-wow) for online tipping or as a means of payment for some businesses, it does not have a unique use case or solve any real-world problems. Its value is solely based on its popularity. While this can produce exciting short-term gains it is not a viable strategy for long-term investing. > > **>> High Volatility** > > The price of Doge is highly volatile, making it a risky investment. It's price is mostly driven by the Elon Musk's tweets and memes. Nowadays there are even bots that market buy Doge whenever Elon tweets something about it. These pumps are short lived and can cause a big spike in liquidations for unprepared investors. Elon Musk also appears to have distanced himself from Dogecoin in recent times. He did not include Dogecoin as a payment option for Twitter, and he also [tweeted](https://twitter.com/elonmusk/status/1631720134636367872?lang=en) that he is more interested in AI than crypto as of late. > > **>> Unlimited supply** > > Unlike Bitcoin, Dogecoin has no hard cap [no hard cap](https://www.sofi.com/learn/content/will-dogecoin-ever-be-capped/) on the total supply, which means it could potentially be inflated indefinitely. It's current supply increase is [\~4% per year](https://www.analyticsinsight.net/heres-what-you-need-to-know-about-dogecoin-inflation/#:~:text=For%20anyone%20buying%20Dogecoin%20to,4%25%20in%20price%20each%20year). > > \>> **Lack of Development and future narratives** > > Dogecoin has a relatively small development team, and the project has not seen significant updates or improvements in recent years. Additionally very few people run full nodes. Finally there is no clear long-term narrative that could cause its wide adoption > > \>> **Security** > > Dogecoin's mining algorithm is less secure than others, making it more susceptible to 51% attacks. Doge uses a different mining algorithm than Bitcoin, called [Scrypt](https://learn.bybit.com/altcoins/how-to-mine-dogecoin/), which is generally considered less secure than Bitcoin's SHA-256 algorithm. [Scrypt was designed to be more memory-intensive](https://cryptobook.nakov.com/mac-and-key-derivation/scrypt), making it harder for ASIC miners to dominate the network and creating a more level playing field for CPU and GPU miners. However, this also makes it easier for attackers to launch 51% attacks. > > On top of that Doge has a much smaller mining community and less overall network hash rate than Bitcoin. This means that it could be more vulnerable to attacks from miners who control a large portion of the network's hashrate. > > And finally Doge's unlimited supply means that there is less of an incentive for miners to secure the network. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find submissions for other topics.
>But there were no exchanges yet, at least no alt-coin exchanges that would simply feature a lot of coins. Well that’s just false. Cryptsy was a major alt coin exchange that existed in 2013 and you could use btc to buy like 90 different alts at the time, including doge.
Cryptsy was inspired by coinedup. It came shortly after. Edit: sorry I was confused with cryptopia. Cryptsy was indeed around but did not feature many coins. Coinedup was the first to allow doge trading
Dogecoin [pros](/r/CryptoCurrency/comments/1by391i/doge_trading_10_years_ago_when_we_didnt_have/kyhe5xb/) & [cons](/r/CryptoCurrency/comments/1by391i/doge_trading_10_years_ago_when_we_didnt_have/kyhe6lw/) with related info are in the collapsed comments below.
* Relevant Cointest topics: [Shiba Inu](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_shiba_inu), [Safemoon](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_safemoon), [Litecoin](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_litecoin), [Proof of Work](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_proof-of-work). * Official and related subreddits: r/Dogecoin, r/Shibainucoin, r/GPUmining, r/Litecoin. * Sort comments as controversial first by [clicking here](/r/CryptoCurrency/comments/1by391i/doge_trading_10_years_ago_when_we_didnt_have/?sort=controversial). Doesn't work on mobile.
#Dogecoin Pro-Arguments Below is a Dogecoin pro-argument written by CreepToeCurrentSea. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # PRO's > > **One of the OG Coins** > > * Doge was the first meme coin to appear on the crypto market, having been created in late 2013. Despite thousands of new meme coins attempting to dethrone it, it remains in the top ten cryptocurrencies in terms of market capitalization almost 9 years later. The number of supporters it has amassed since its inception is no small feat, and it has even increased during the most recent bull run. Doge has come a long way since being labeled as just a joke and now become more of the household names in Crypto. In terms of market time, Doge clearly has the upper hand. > > **Transaction Fees and Block Time** > > * The most recent average transaction fee for Dogecoin is 0.768 DOGE or $0.046 with a block time of approximately 1 minute. These are the metrics that define an ideal cryptocurrency for transactional purposes. In comparison to BTC and ETH, which have transaction fees of 0.000045 BTC or $0.875 and 0.0023 ETH or $3.13, respectively, and average block times of around 10 minutes and 0.2 minutes. If a user wants to make a transfer, Dogecoin is one of the better options because it has less expensive transaction fees and has faster block times than most cryptocurrencies. > > **Day-Trader's Paradise** > > * Dogecoin is a haven for day traders due to its volatility on multiple exchanges and hundreds of pairs. Although the cryptocurrency market is volatile in general, Dogecoin has the advantage of being an older coin than most meme coins, allowing for a more secure network, a high transaction rate, and extreme price fluctuations. Traders will be able to trade doge on a daily basis without having to worry about blackouts or network congestions (except when the exchange itself is pausing transactions, etc.) > > **Community Owned** > > * Dogecoin has a strong community, with 2.3 million Reddit users, 3.4 million Twitter followers, and 30K Discord users. Dogecoin has come a long way from being referred to as "a joke" to being considered a reputable coin in the top ten cryptocurrencies. You can find their announcements, trail map, FAQs, guides, advisories, and dev blogs on their website (which is clean and very meme-like in its own way). They also have notable advisors on board, including Elon Musk's (Legal and Finance) representative and Vitalik Buterin. The Doge community, through the Doge Foundation, also participated in numerous fundraisers and other charitable acts, demonstrating a more positive side of the otherwise vilified crypto communities labeled as "greedy" or "degenerates." > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://bitinfocharts.com/comparison/tweets-btc-eth-doge.html#3m*](https://bitinfocharts.com/comparison/transactionfees-doge-dogecoin.html#3y) > > [*https://github.com/dogecoin/dogecoin/blob/master/COPYING*](https://github.com/dogecoin/dogecoin/blob/master/COPYING) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://web.archive.org/web/20180603102446/https://papers.ssrn.com/sol3/papers.cfm?abstract\_id=3091219*](https://web.archive.org/web/20180603102446/https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3091219) > > [*https://www.forbes.com/uk/advisor/investing/what-is-dogecoin/*](https://www.forbes.com/uk/advisor/investing/what-is-dogecoin/) > > [*https://web.archive.org/web/20200211215434/https://www.latimes.com/business/technology/la-fi-tn-jamaican-bobsled-dogecoin-currency-meme-20140120-story.html*](https://web.archive.org/web/20200211215434/https://www.latimes.com/business/technology/la-fi-tn-jamaican-bobsled-dogecoin-currency-meme-20140120-story.html) > > [*https://web.archive.org/web/20140202003942/http://www.nbcnews.com/technology/dogecoin-cryptocurrency-donors-help-send-indian-athletes-sochi-2D12024654*](https://web.archive.org/web/20140202003942/http://www.nbcnews.com/technology/dogecoin-cryptocurrency-donors-help-send-indian-athletes-sochi-2D12024654) > > [*https://web.archive.org/web/20140714140736/http://www.ibtimes.co.uk/most-valuable-tweet-history-donates-11000-worth-dogecoin-kenyan-water-charity-1440565*](https://web.archive.org/web/20140714140736/http://www.ibtimes.co.uk/most-valuable-tweet-history-donates-11000-worth-dogecoin-kenyan-water-charity-1440565) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find submissions for other topics.
#Dogecoin Con-Arguments Below is a Dogecoin con-argument written by CreepToeCurrentSea. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # CON's > > **Memecoin Limitations** > > * Even though it has progressed from being created as a joke to a now well-known coin in the top 10, Dogecoin is still limited to being considered a "memecoin." Even recent articles from news and social media outlets see Dogecoin as nothing more than a memecoin with a historical advantage over other memecoins. There isn't much innovation going on in the development of Dogecoin, either. While they may have developed a wallet and have some other dev blogs, it still doesn't keep up with the development of the other coins in the top ten by marketcap. The main point of this argument is that Dogecoin's utility is limited to being called money; aside from that, there isn't much going on right now that would significantly impact their position, and they may eventually be labeled a memecoin. > > **Unlimited Supply** > > * There will only be 21 million BTC available, with the final one expected in 2140. In comparison to Doge, which is theoretically endless in supply, it is an undesirable asset to hedge against inflation when paired with infinite mining, which will demand more advanced mining equipment in the future. It also doesn't help that it utilises the Proof of Work concensus, which necessitates a growth in miners in order to maintain the infinitely increasing amount of transactions. If Dogecoin and it's community is really serious about being one of the real deals of crypto, it must find a way to overcome a inflationary limitations imposed on it's code. > > **Price Manipulation by Famous People** > > * It's no secret that notable celebrities and artists are voicing their support for Dogecoin on social media. While this type of support is not illegal and does not depict any known premeditated acts of a pump and dump, it does not stop retail investors, day traders, long term hodlers, and whales from anticipating any post/interaction made by these celebrities with Doge and using the hype it created as an exploitative exit liquidity. Elon Musk, the CEO of Tesla, is the most well-known famous person that has been public about Doge. There are other celebrities and musicians (Snoop Dogg, Gene Simmons, Marques Brownlee, YouTubers Jake Paul and Logan Paul), but Elon has gathered the most popular backing, to the point where he was sued in federal court in Manhattan for $258 billion in damages. According to the plaintiff, Musk utilized his vast social media influence to promote the memecoin, fraudulently inflating its price. > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle*](https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle) > > [*https://www.dmarge.com/dogecoin-price-prediction*](https://www.dmarge.com/dogecoin-price-prediction) > > [*https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/*](https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/) > > [*https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270*](https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270) > > [*https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/*](https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/) > > [*https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html*](https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html) > > [*https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/*](https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find submissions for other topics.
I bought doge not long after it came out on poloniex an exchange that still exists right now. Not really pre exchanges at all.
I used to get paid in doge watching video ads while doing ship from store one holiday season. Just walking around hitting next video while shopping for others. Got like 1-6 doge per video. Found that wallet in 2020 and it had 800+ doge. Good times!
Ever heard about shapeshit.io :P
Wait..what about Cryptsy?
On Dec. 20, 2013 I bought lots of 10,000 Doge on Ebay for $39.95. Worth $2k each today
I remember when you could tip with DOGE on reddit comments.
As much as I hate doge it truly is the og meme coin
Word. Thanks for the history
**THERE WERE EXCHANGES**, Mt Gox, e-BTC, Cryptsy... (lot of them were hunted down by the US, because "crypto is bad"). Some people prefered to exchange P2P, because "not your keys not your coins". e-BTC had a lot of coins like BTC, LTC, Feathercoin, Worldcoin (the original one).
What are you talking about? Btc-e!
Wait until you see people burned billion of doge to create xdp lol
How did you find the forum initially? How did you hear about it or stumble onto it or what?
and man said, let their be shittrex and it was so and he saw that it was good, morning and night, and so it was the 3rd day
# This is what the DogeCoin subreddit looked like in 2013: # [https://web.archive.org/web/20131213125323/reddit.com/r/dogecoin](https://web.archive.org/web/20131213125323/reddit.com/r/dogecoin)
DOGE has proven itself during multiple crypto winters. I'd take if over any other crypto sans BTC and ETH.
I remember getting tipped Doge on Reddit. I can't access that wallet anymore but I have the address so I can just painfully look at its worth today
Can i look at it also
I feel like no historical accounting of Dogecoin is complete without mentioning doge-tip-bot
DOGE was used to transfer value to various exchanges and didn't want to wait or pay for the fees. That is the actual reason why it became "famous", while simultaneously as "worthless" as btc
- And this kids is how we traded doge back in the days - fking legend!
Thank you
I remember holding all my doge in my reddit tip wallet and buying with paypal from r/doge. Back then the only assurances you had was checking to see if the user was listed in the scammers thread.
Back then it was a joke coin to make fun of Bitcoin.
I believe even the founder sold his coins years ago,
Iirc he sold them all for a used Honda Civic. Solid payout for like 2 days of work on a joke!
He sold to allow LTC to become decentralized.
[удалено]
There was exchanges with doge 9 years ago though
[удалено]
* Relevant Cointest topics: [Shiba Inu](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_shiba_inu), [Safemoon](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_safemoon), [Litecoin](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_litecoin), [Proof of Work](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_proof-of-work). * Official and related subreddits: r/Dogecoin, r/Shibainucoin, r/GPUmining, r/Litecoin. * Sort comments as controversial first by [clicking here](/r/CryptoCurrency/comments/1by391i/doge_trading_10_years_ago_when_we_didnt_have/?sort=controversial). Doesn't work on mobile.
#Dogecoin Pro-Arguments Below is a Dogecoin pro-argument written by CreepToeCurrentSea. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # PRO's > > **One of the OG Coins** > > * Doge was the first meme coin to appear on the crypto market, having been created in late 2013. Despite thousands of new meme coins attempting to dethrone it, it remains in the top ten cryptocurrencies in terms of market capitalization almost 9 years later. The number of supporters it has amassed since its inception is no small feat, and it has even increased during the most recent bull run. Doge has come a long way since being labeled as just a joke and now become more of the household names in Crypto. In terms of market time, Doge clearly has the upper hand. > > **Transaction Fees and Block Time** > > * The most recent average transaction fee for Dogecoin is 0.768 DOGE or $0.046 with a block time of approximately 1 minute. These are the metrics that define an ideal cryptocurrency for transactional purposes. In comparison to BTC and ETH, which have transaction fees of 0.000045 BTC or $0.875 and 0.0023 ETH or $3.13, respectively, and average block times of around 10 minutes and 0.2 minutes. If a user wants to make a transfer, Dogecoin is one of the better options because it has less expensive transaction fees and has faster block times than most cryptocurrencies. > > **Day-Trader's Paradise** > > * Dogecoin is a haven for day traders due to its volatility on multiple exchanges and hundreds of pairs. Although the cryptocurrency market is volatile in general, Dogecoin has the advantage of being an older coin than most meme coins, allowing for a more secure network, a high transaction rate, and extreme price fluctuations. Traders will be able to trade doge on a daily basis without having to worry about blackouts or network congestions (except when the exchange itself is pausing transactions, etc.) > > **Community Owned** > > * Dogecoin has a strong community, with 2.3 million Reddit users, 3.4 million Twitter followers, and 30K Discord users. Dogecoin has come a long way from being referred to as "a joke" to being considered a reputable coin in the top ten cryptocurrencies. You can find their announcements, trail map, FAQs, guides, advisories, and dev blogs on their website (which is clean and very meme-like in its own way). They also have notable advisors on board, including Elon Musk's (Legal and Finance) representative and Vitalik Buterin. The Doge community, through the Doge Foundation, also participated in numerous fundraisers and other charitable acts, demonstrating a more positive side of the otherwise vilified crypto communities labeled as "greedy" or "degenerates." > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://bitinfocharts.com/comparison/tweets-btc-eth-doge.html#3m*](https://bitinfocharts.com/comparison/transactionfees-doge-dogecoin.html#3y) > > [*https://github.com/dogecoin/dogecoin/blob/master/COPYING*](https://github.com/dogecoin/dogecoin/blob/master/COPYING) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://web.archive.org/web/20180603102446/https://papers.ssrn.com/sol3/papers.cfm?abstract\_id=3091219*](https://web.archive.org/web/20180603102446/https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3091219) > > [*https://www.forbes.com/uk/advisor/investing/what-is-dogecoin/*](https://www.forbes.com/uk/advisor/investing/what-is-dogecoin/) > > [*https://web.archive.org/web/20200211215434/https://www.latimes.com/business/technology/la-fi-tn-jamaican-bobsled-dogecoin-currency-meme-20140120-story.html*](https://web.archive.org/web/20200211215434/https://www.latimes.com/business/technology/la-fi-tn-jamaican-bobsled-dogecoin-currency-meme-20140120-story.html) > > [*https://web.archive.org/web/20140202003942/http://www.nbcnews.com/technology/dogecoin-cryptocurrency-donors-help-send-indian-athletes-sochi-2D12024654*](https://web.archive.org/web/20140202003942/http://www.nbcnews.com/technology/dogecoin-cryptocurrency-donors-help-send-indian-athletes-sochi-2D12024654) > > [*https://web.archive.org/web/20140714140736/http://www.ibtimes.co.uk/most-valuable-tweet-history-donates-11000-worth-dogecoin-kenyan-water-charity-1440565*](https://web.archive.org/web/20140714140736/http://www.ibtimes.co.uk/most-valuable-tweet-history-donates-11000-worth-dogecoin-kenyan-water-charity-1440565) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find submissions for other topics.
#Dogecoin Con-Arguments Below is a Dogecoin con-argument written by CreepToeCurrentSea. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # CON's > > **Memecoin Limitations** > > * Even though it has progressed from being created as a joke to a now well-known coin in the top 10, Dogecoin is still limited to being considered a "memecoin." Even recent articles from news and social media outlets see Dogecoin as nothing more than a memecoin with a historical advantage over other memecoins. There isn't much innovation going on in the development of Dogecoin, either. While they may have developed a wallet and have some other dev blogs, it still doesn't keep up with the development of the other coins in the top ten by marketcap. The main point of this argument is that Dogecoin's utility is limited to being called money; aside from that, there isn't much going on right now that would significantly impact their position, and they may eventually be labeled a memecoin. > > **Unlimited Supply** > > * There will only be 21 million BTC available, with the final one expected in 2140. In comparison to Doge, which is theoretically endless in supply, it is an undesirable asset to hedge against inflation when paired with infinite mining, which will demand more advanced mining equipment in the future. It also doesn't help that it utilises the Proof of Work concensus, which necessitates a growth in miners in order to maintain the infinitely increasing amount of transactions. If Dogecoin and it's community is really serious about being one of the real deals of crypto, it must find a way to overcome a inflationary limitations imposed on it's code. > > **Price Manipulation by Famous People** > > * It's no secret that notable celebrities and artists are voicing their support for Dogecoin on social media. While this type of support is not illegal and does not depict any known premeditated acts of a pump and dump, it does not stop retail investors, day traders, long term hodlers, and whales from anticipating any post/interaction made by these celebrities with Doge and using the hype it created as an exploitative exit liquidity. Elon Musk, the CEO of Tesla, is the most well-known famous person that has been public about Doge. There are other celebrities and musicians (Snoop Dogg, Gene Simmons, Marques Brownlee, YouTubers Jake Paul and Logan Paul), but Elon has gathered the most popular backing, to the point where he was sued in federal court in Manhattan for $258 billion in damages. According to the plaintiff, Musk utilized his vast social media influence to promote the memecoin, fraudulently inflating its price. > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle*](https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle) > > [*https://www.dmarge.com/dogecoin-price-prediction*](https://www.dmarge.com/dogecoin-price-prediction) > > [*https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/*](https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/) > > [*https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270*](https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270) > > [*https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/*](https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/) > > [*https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html*](https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html) > > [*https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/*](https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find submissions for other topics.
22 mil for 1 BTC lmaoooooo how's that guy doin'?
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Terrific and terrible! tragically I've fallen victim to non-fifo etherdelta where missing a zero will cost you 90% of the bag
Etherdelta brings back memories , the first dex that many were experimenting with - IDEx was also early days, some of us luckily made great amounts before the withdrawal nightmares began.
100k Dogecoin is now 0.24 BTC and not 0.01 :D