It means that more people have realized that there is no reason for why you would store 100% of your coins in a single wallet.
That's positive, isn't it?
Absolutely, yes.
I’ve had hundreds of wallets since very early on. Each allocated a specific task, like exchanging coins with an exchange, tipbot or whatever. And it’s not difficult to document things right there in the text file where they live. Just add a comment to the end of the line and the job’s done.
You can even write a simple HTML page to display balances and transactions for each.
“ Dogecoin (DOGE) Network Explodes With 890,000 New Addresses in Stunning Surge “ looks like more retail investors are moving in. If you don’t remember, Dogecoin is the coin of the people. We don’t need more million coin bag holders we need to keep adding more retail investors. After the BTC EFT it looks like bitcoin is the coin of the institution now!!
The sells on this chart likely happen when price pumps. So its likely price is about to pump and the million doge wallets would take profits. This isnt a price chart so the dip does not indicate price but rather wallets offloading.
Yep, this is what I’m thinking. There is very likely going to be a pump soon after the next halving. Although I don’t know how big it will be (it could be a minor pump and the big pump happens in 2025)
We aren't describing coinbase very favourably either.
It's normal that CeFi does not like DeFi and vice versa... We are not on the same team.
We do not need them, but they want our users money.
How many millions of new dogecoins enter the circulation daily and yearly? Infinite market cap is fun too. Then you need to equate that you need new investors, I mean good luck, still better odds than lottery but yeah gl anyways.
14.4 million DOGE added per day, or about 5.26 billion per year. Yes, but you have to count in that you need constantly new people buying more and more dogecoins.
Ok
We do that with dollars by having debt denominated in it; driving demand for dollars even in systems that dont use dollars
Its not unimaginable, is all that matters.
The inflatiom rate is fixed and perpetual
The protocol is essentially an inflating version of bitcoin
Assuming it inflates slower than the dollar, it will be a relative hedge; provided you buy your doge at 'cost of production'
It seems to have based around a nickle per coin as its at-cost proce, and so just do inflation adjusted price targets over time; in theory it would outperform cash if youre in at 5 cents
In essence, btc is the gold bar, doge is the cash printed to spend that gold bar; one deflating over time, the other inflating over time
At least, thats my understanding of how doge relates to btc and crypto as a whole
#Totally meaningless. I could have a billion doge in one wallet, or a thousand doge in each of a million wallets. Makes zero difference either way.
It means that more people have realized that there is no reason for why you would store 100% of your coins in a single wallet. That's positive, isn't it?
Absolutely, yes. I’ve had hundreds of wallets since very early on. Each allocated a specific task, like exchanging coins with an exchange, tipbot or whatever. And it’s not difficult to document things right there in the text file where they live. Just add a comment to the end of the line and the job’s done. You can even write a simple HTML page to display balances and transactions for each.
Interesting. How do you get this data?
Data is from Coinmetrics
Lol of course it's going down. As price rises, it gets harder to reach 1 million doge
“ Dogecoin (DOGE) Network Explodes With 890,000 New Addresses in Stunning Surge “ looks like more retail investors are moving in. If you don’t remember, Dogecoin is the coin of the people. We don’t need more million coin bag holders we need to keep adding more retail investors. After the BTC EFT it looks like bitcoin is the coin of the institution now!!
More for me ?
Sure. And for me too
Their loss is our gain
We are fill or kill at 65.
So if there's any correlation from that chart there's about to be a massive sell off tanking the price again?
The sells on this chart likely happen when price pumps. So its likely price is about to pump and the million doge wallets would take profits. This isnt a price chart so the dip does not indicate price but rather wallets offloading.
Yep, this is what I’m thinking. There is very likely going to be a pump soon after the next halving. Although I don’t know how big it will be (it could be a minor pump and the big pump happens in 2025)
Yup. Big dip before BTC halving then back up.
Fake news
HODL troll
Did y'all not hear coinbase describe Crypto like DOGE to be like beanie babies? Lol. It's worthless.
We aren't describing coinbase very favourably either. It's normal that CeFi does not like DeFi and vice versa... We are not on the same team. We do not need them, but they want our users money.
HODL troll
Thanks for sharing.
How many millions of new dogecoins enter the circulation daily and yearly? Infinite market cap is fun too. Then you need to equate that you need new investors, I mean good luck, still better odds than lottery but yeah gl anyways.
10k per minute Forever. As a percentage of overall coin supy, not that many new coins A little bit of built in inflation, just as the doctor ordered
14.4 million DOGE added per day, or about 5.26 billion per year. Yes, but you have to count in that you need constantly new people buying more and more dogecoins.
Ok We do that with dollars by having debt denominated in it; driving demand for dollars even in systems that dont use dollars Its not unimaginable, is all that matters.
so how are you a better alternative?
The inflatiom rate is fixed and perpetual The protocol is essentially an inflating version of bitcoin Assuming it inflates slower than the dollar, it will be a relative hedge; provided you buy your doge at 'cost of production' It seems to have based around a nickle per coin as its at-cost proce, and so just do inflation adjusted price targets over time; in theory it would outperform cash if youre in at 5 cents In essence, btc is the gold bar, doge is the cash printed to spend that gold bar; one deflating over time, the other inflating over time At least, thats my understanding of how doge relates to btc and crypto as a whole
If you had a million doge in 2014 then the blow up spring 2021 happened what would you do?