SilverSliver
[H]F Junkie
- Joined
- Feb 23, 2004
- Messages
- 12,556
Somehow I have a feeling that the random block thing isn't the reason why DOGE is still declining. I do, however, feel that it is because it's getting stagnant. There's too many people mining it, not enough uses for it.
But besides that, there is no easy fix for the random block issue other than to remove the randomness and make every block worth a standard number of coins, though, again, I don't believe that's the source of the issue with DOGE's value. That's like having a car with an engine problem and thinking that changing the tires will fix it.
Looks like I may have to bite the bullet and get out of DOGE for the time being... buy back in when it hits the basement.
I agree with you on the technical issues. However, the developers were perceived to be incompetent due to this issue as well as a few others recently, so I think a reasonable amount of people just simply lost faith. Couple that with a stagnant community now, and you have a problem. I got out at 200 when I kept seeing 'good news' for Doge hitting websites and no response in the price. Also, I bet you could graph Doge price and active reddit users on /r dogecoin and the trend would be pretty close.
I think it would take quite a bit for me to sell at a loss as mine was all mined. Even the stuff I bought with LTC (when I sold LTC because it was stagnant) I bought with LTC that I mined. I can get most of my LTC investment back if I traded it now... that might be a better idea than holding DOGE. Though I still think it will be quite a wait for LTC to go up as well. May as well just hold the BTC... that may be the best of the options.
Of course, I'm at work now and can't actually sell anything at the moment because it's all sitting in my wallet on my computer at home. So, I guess I'll have to get used to the thought of selling DOGE at a price possibly a little lower than it is right now.
Or I could just continue to gamble and hold the whole thing.
Not a huge fan of LTC long. I don't think it's undervalued right now, I just think it has no real value besides being #2 crypto - and when Doge took a big swing at it a lot of people realized anything besides BTC is simply community hype driven or whack a mole with how quickly and/or effectively China can 'ban' a crypto. The LTC community is a lot like a Linux forum on a hardware enthusiast website. Not trying to be offensive to anyone there, but I think we all know the feeling.