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There were literally thousands of shitcoins at the time that can also be more abundant and easier to mine.
by joshspankit 6y ago
There were literally thousands of shitcoins at the time that can also be more abundant and easier to mine.
- 1996 6y agoIt's now widely trade and accepted, with many pairs and a low price. It's ideal to move funds, so it does serve a purpose now. Or at least, it did, as it's clearly being manipulated: check the price and notice how, despite the strong changes in BTC/USD prices, the DOGE/BTC has been extremely stable slightly above 1*10^-6 which is extremely abnormal, and indicates someone with deep pockets is keeping the psychological price (like BCH/BTC but for different reason: someone decided it would never go below 0.1!) This means the DOGE pump is just starting, as it is an often used trick to create positive attention: it ensures a matching performance for BTC/USD and DOGE/USD which is what influenceable people need to see to believe in a pump (a coin growing faster than BTC in USD terms will be seen in the 2nd phase of the pump)