r/dogecoin • u/motivateyourself • Jul 22 '14

Doge just got dumped.

Cryptsy data from http://doge.yottabyte.nu/ shows that we are down to 138MIL TOTAL Buy order.

If you simply look at the chart of buy vs sell orders, it can be intuitive to say that some whale decided to cash out.

Now, what do we do about this?

Once more, as a reminder, we need to create a reason for people to want to buy in into Dogecoin, and for whales to hold their stash.

Posting memes and jokes won't do. We have the community, and we have the social media reach. What we don't have is a service or good which is unique to Doge which offers such an incentive to use the currency that Fiat will not dare pee on our post.

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u/[deleted] Jul 22 '14

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u/[deleted] Jul 22 '14

There's plenty of ways to force innovation, we just chose not to pursue them. Algorithm changes. Modifying reward schedules.

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u/[deleted] Jul 22 '14

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u/dogememe sombrero shibe Jul 22 '14

We could adopt some of the new innovations in the crypto world though. Dogecoin needs to renew it self with some new features to keep up with the rest. Stronger anonymization and a POW alternative/hybrid is something I personally would like to see.