Dogecoin is a crazy new (old in the internet timeframe) phenomenom in the crypto world. It seems to have started as a joke. But, it was times really well with the rise of bitcoin in the media, and the first big interest bubble, which meant that something that started as a joke could go on to grow into a real currency. Dogecoin is widely used in games, casinos, tipping, and other light purposes. However, it will probably stay as a tipping and light type of a currency, it is unlikely that people will ever buy houses with it. Bitcoin can be used to buy anything, but I don’t ever see dogecoin being a serious currency at any point in time, to be honest.

But that doesn’t mean it’s useless, and it doesn’t mean that dogecoin isn’t valueable. It is though difficult to predict the future of this joke-ish currency, much more so than it is for bitcoin. Dogecoin is a popular currency based on litecoin. It is litecoin resold in a friendlier package. Its only real value is a better package that is fun to use. And the greatest factor to its success is the community behind it. Everyone loves to promote dogecoin, and it has helped to introduce cryptocurrency to the mainstream.

It truly is an interesting study in sociology and economics, to say the least.

But how long will the joke last?

Many expected doge to be dead by now, but that hasn’t happened yet. Even if the value has gone down a bit, so have other cryptos. Is it just a bumb in the road, or should the doges of the world be worried? Will they ever reach the moon? I for one will be really intrigued by dogecoin in 10 years – what will it be then? Will even bitcoin be a thing in 10 years? I wish I had a time machine 🙂

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For the past 6 months, I’ve been completely obsessed with bitcoin, btc. It’s a revolution, for god’s sakes !

If you haven’t already heard of bitcoin, you must have been living under a rock. Or you know, totally offline. Even my parents know bitcoin, although they may not understand it very well. So I’m not going to explain it further. Instead, I’m just going to tell you why I love bitcoin so much. Other than investing in it made some money, of course.

Why bitcoin is amazingly awesome and great

Reason number 1; Anonymity!

The man says you can’t do something like gamble online? Bitcoin user not affected. Bitcoin gambling is still legal however, but even if it weren’t, it wouldn’t make a difference.

And same goes for taxes, etc.

 

Reason 2; You cant lose it!

Bitcoin is like online, modernized version of cash, except you can’t lose it to muggers, unless they’re really tech-savvy. And let’s face it, if they were, they probably wouldn’t have to try to mug you.

Ok, you can still lose your bitcoin if you lose your secret key, but if you take precautions, it shouldn’t happen.

 

Reason 3; Decentralization!

Bitcoin will continue to grow, but no government can truly control it. They can try to limit it, e.g. china, but they can’t mess with the value by “printing moar bitcoins”, and outlawing it doesn’t mean it will die.

 

Reason 4; Ease of transactions!

Long gone are the times when you actually had to physically travel in order to make a payment. And soon, long gone are the times of even having to initiate a wire transfer payment through your online bank. Bitcoin transactions are instant. And that saves us so many hours in a month. You might think this makes us lazy, but do you really want to spend weeks of your life just logging in to your bank, when you could spend that time doing other fun or productive things instead? This is an underrated benefit, in my opinion.

Futhermore, the transactions are irreversible. So if you want to receive money 100% risk free, ask for a payment in bitcoin. Next time you get a nigerian prince offering you their millions, just send him your bitcoin address. Convinient! And pretty hilarious.

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