Here's one that I'm sure I'm going to regret saying publicly later. But, here goes:
Dogecoin will outperform Bitcoin in terms of percentage market cap growth in 2014. Even if both are negative.
Dogecoin will outperform Bitcoin in terms of percentage market cap growth in 2014. Even if both are negative.
Of course, if I'm wrong then I will definitely say 'wow'; also, 'so fail' and 'much humble pie'.
Don't get me wrong; I'm not saying Dogecoin will pivot into a serious currency. I'm talking strictly relative growth here, and BTC is currently over 1000x bigger.
I think it'll become a defacto tipping currency of the net, and there's plenty of room for the market cap to grow to support just that niche, if it goes relatively mainstream.
As far as VC money goes, the infrastructure that's being built will likely not remain Bitcoin exclusive, so I see it more as a rising tide lifting all boats.
I also realize I should find something else to do, but... I love that friggin' dog.
Tl;dr this article neglects to mention the viability of dogecoin on 2014 due to idiots like me. It appears I'm not the only one..
For small amounts, you could go to http://www.reddit.com/r/dogemarket, the fraud risk is not very high there. In the US, there's https://www.altquick.co/. Other than that, you need BTC/LTC first then trade on cryptsy.
>you can use cpuminer to create some yourself.
Depends on how many you want, the dogecoin difficulty has really gone through the roof lately, and you are much much better off with a GPU. The Kh/s rating on most GPUs is much better.
https://litecoin.info/Mining_hardware_comparison
www.coinwarz.com/calculators/dogecoin-mining-calculator/
The best Corei5 is going to get you about 1358 doge a day, with sounds like a lot, but it is a tiny number, 41 cents. Plus, the mining calculators are way way off. They always overestimate for me.
"Over 3 LTC sold and 1 customers served to date!"
If you buy 1BTC from one of the established channels that you know, you can have a practically limitless supply of altcoins at cryptsy.com. That is assuming, you don't want more than 1BTC worth.
But like others said - you can mine it with a normal (CPU/graphics card) hardware at the moment...
1.)cpu mine; i5 CPU gets about 60~80kh/s, which translates to around the same number of coincs per hour
2.)midrange gpus will get you a few hundred kh/s (e.g. my old ati 5770 gets around 150~200kh/s, without too much tweaking)
and assuming you don't want to do any mining at all:
3.)on reddit dogemarket, people are selling through paypal gifts etc in various amounts as small as a few dollars worth at a time, which is relatively low risk. of course, buyer beware and take a look at the community guidelines/suggestions for security.
in b4 it's too late, perhaps? much kindness, very please, so hug, many thanks.
Because moon.
many thanks
Poor Shibe giving it a shot.
such generosity. wow.
EDIT: Thanks :)
Thank you much!
thanks
If dogecoin takes off on Reddit and 4Chan as a way of showing appreciation I can see it having many users.
Market cap growth as a percentage just means, if all BTCs in circulation are worth $10bn today, and $15bn tomorrow, then the market cap has grown by 50%.
I didn't use the price of the coins themselves as BTC is being minted more slowly than DOGE.
http://bitinfocharts.com/top-100-richest-dogecoin-addresses....
Somebody is making a lot of money on this.
I think the more interesting statistic is that, not accounting for addresses for nil/near 0 balance, more than half of all DOGE owners have more than 100 coins. That's more than enough to go around tipping DOGE online.
Yet, in the "dotcom"-hype, there was a Dutch company selling shares for their startup, "f/ried air" and people got in line to buy these shares.
http://www.museumofhoaxes.com/hoax/af_database/permalink/ipo...
There will be people buying into Dogecoin, simply because they are greedy and see profit, and choose to ignore the signs that it is a clear Pun.