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Can someone explain Doge coin to me ?
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<p>[QUOTE="John Burgess, post: 5773570, member: 105098"]When fax machine were popular there were fax's sent out telling you the next hot stock, hoping I guess people paid attention the the fax and went out and bought it.</p><p><br /></p><p>This is how I see what's going on with these reddit or whatever... whatever you want to call it that's currently going on with cerain stocks.</p><p><br /></p><p>As far as dogecoin it was a joke at the start but it's a real Internet currency thing only it's worth thousandths of a cent normally per unit. People are pushing it, and it's gone to like 3 cents per unit now.</p><p><br /></p><p>My opinion. It's nonsense.the supply is 135 billion and it has no hard cap so it's inflationary, where other crypto currencies have hard caps. Mining as I've read takes about 1 minute for 10,000 dogecoin. So the supply can go on forever unless they stop it or introduce a hard cap. The creator wants there to be easy rewards to keep people mining for them I guess capitalizing on the hype of other cryptos.</p><p><br /></p><p>All time high on it was like .17 cents a unit. All time low on it was like .000087 cents a unit. It's about .03 cents a unit and creating a buzz, no idea why besides Internet hype.[/QUOTE]</p><p><br /></p>
[QUOTE="John Burgess, post: 5773570, member: 105098"]When fax machine were popular there were fax's sent out telling you the next hot stock, hoping I guess people paid attention the the fax and went out and bought it. This is how I see what's going on with these reddit or whatever... whatever you want to call it that's currently going on with cerain stocks. As far as dogecoin it was a joke at the start but it's a real Internet currency thing only it's worth thousandths of a cent normally per unit. People are pushing it, and it's gone to like 3 cents per unit now. My opinion. It's nonsense.the supply is 135 billion and it has no hard cap so it's inflationary, where other crypto currencies have hard caps. Mining as I've read takes about 1 minute for 10,000 dogecoin. So the supply can go on forever unless they stop it or introduce a hard cap. The creator wants there to be easy rewards to keep people mining for them I guess capitalizing on the hype of other cryptos. All time high on it was like .17 cents a unit. All time low on it was like .000087 cents a unit. It's about .03 cents a unit and creating a buzz, no idea why besides Internet hype.[/QUOTE]
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Can someone explain Doge coin to me ?
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