Should there be a halving event for dogecoin?

[BrolySSJ]

Most of the coins in the cryptocurrency space are able to combat inflation and increase their value as well through the halving event that generally happens every four years. Of course this time line can change depending on the coin that you are looking at, however or Bitcoin (using this as a reference) it is 4 years. This increases the difficulty with which to mine the currency and therefore slows down the new supply into the market, managing the supply and increasing its value. It is a great way for the value of a coin to soar.

Dogecoin on the other hand has no halving event as there is an unlimited supply. This can halt the growth of the value of the coin. Do you think that there should be a halving event in dogecoin?

 

[Kayzzy3]

Most of the coins in the cryptocurrency space are able to combat inflation and increase their value as well through the halving event that generally happens every four years. Of course this time line can change depending on the coin that you are looking at, however or Bitcoin (using this as a reference) it is 4 years. This increases the difficulty with which to mine the currency and therefore slows down the new supply into the market, managing the supply and increasing its value. It is a great way for the value of a coin to soar.

Dogecoin on the other hand has no halving event as there is an unlimited supply. This can halt the growth of the value of the coin. Do you think that there should be a halving event in dogecoin?

I don't think Dogecoin having an unlimited supply is totally correct, Dogecoin is minable and it supply limit is 100 billion.

Dogecoin has it own blockchain and transactions on the blockchain is very fast, Dogecoin blockchain has potential for great things if properly managed.

 

[Suba]

Dogecoin launched Dec 2013, and on April 28, 2014 there was a block reward halved so that the rewards were reduced from 250,000 coins to 125,000 Doge per block, from then on there were no halvings and the reward amount for each block was fixed. (not divided in two again)

 

[BrolySSJ]

I don't think Dogecoin having an unlimited supply is totally correct, Dogecoin is minable and it supply limit is 100 billion.

Dogecoin has it own blockchain and transactions on the blockchain is very fast, Dogecoin blockchain has potential for great things if properly managed.

I think that this 100 billion was the supply limit that was implemented initially, however this has changed since and there is now no set limit on the supply of dogecoin. From the research that I have done and what I have seen, it seems that through mining there is an additional 5 billion dogecoin that is being added to the supply every year.

 

[Trojan8]

Doge coin not having a fixed coin supply is a massive problem. Price would only go up to a certain level before this would pull it done. You need strategies like halving to boost demand by decreasing supply of the coin. I think the creators of Doge coin should be looking at putting halving into their future plans.

 

[Ltherman]

I think that this 100 billion was the supply limit that was implemented initially, however this has changed since and there is now no set limit on the supply of dogecoin. From the research that I have done and what I have seen, it seems that through mining there is an additional 5 billion dogecoin that is being added to the supply every year.

Scary amount of coin to release into the ecosystem. There is no way the coin can appreciate greatly in value with that amount of tokens in play.
Inflation will definitely catch up with it and its price will devalue with thr time frame. The coin may have some prospect but its still very much tentative.

 

[BrolySSJ]

Scary amount of coin to release into the ecosystem. There is no way the coin can appreciate greatly in value with that amount of tokens in play.
Inflation will definitely catch up with it and its price will devalue with thr time frame. The coin may have some prospect but its still very much tentative.

Yes. It are these new coins that are being introduced in the market on a constant basis that is the cause of dogecoin not being able to reach its full potential in my opinion. I think that with such an event or limiting the supply introduced, that there could be a push to great heights with this coin. As It stands people are minign the coin and practically creating their own money in this way as they sell it off, which is not good for a seller/buyer equilibrium market.

 

[Ltherman]

Do they really have a team managing this project amd how eefective and efficient have they been in the past years cos from history coffee this coin, its just been the market dynamics that has majorly influenced its growth and the buzz generated by Elon Musk which really drew attention to it.
Ordinarily the its growth has not been organic enough enough to me.

 

[Dowenship]

Most of the coins in the cryptocurrency space are able to combat inflation and increase their value as well through the halving event that generally happens every four years. Of course this time line can change depending on the coin that you are looking at, however or Bitcoin (using this as a reference) it is 4 years. This increases the difficulty with which to mine the currency and therefore slows down the new supply into the market, managing the supply and increasing its value. It is a great way for the value of a coin to soar.

Dogecoin on the other hand has no halving event as there is an unlimited supply. This can halt the growth of the value of the coin. Do you think that there should be a halving event in dogecoin?

It might work that way for others by halving we are yet to know what plans doge coin as to increase or soar high in price.
Quote of the day:
Work and pray as been the phrase to encourage people for years! and that be said is true! Always work and pray

 

[lelakil3]

Most of the coins in the cryptocurrency space are able to combat inflation and increase their value as well through the halving event that generally happens every four years. Of course this time line can change depending on the coin that you are looking at, however or Bitcoin (using this as a reference) it is 4 years. This increases the difficulty with which to mine the currency and therefore slows down the new supply into the market, managing the supply and increasing its value. It is a great way for the value of a coin to soar.

Dogecoin on the other hand has no halving event as there is an unlimited supply. This can halt the growth of the value of the coin. Do you think that there should be a halving event in dogecoin?

As the dogecoin was promoted by a most influential person it has a big effect to all as there are more project he made then telling that the future coin of the has to be the public coin and also telling that the crypto to be in future has also having to purchase items.

 

[Ltherman]

Will the be a need for halving in dogecoin. The community behind dogecoin can press upon the team behind project to do some adjustment to the project to make it more sellable.
A lot of adjustment has to be made to dogecoin.

 

[Salman]

halving event is when the reward for mining Bitcoin transactions is cut in half. This event also cuts in half Bitcoin's inflation rate and the rate at which new Bitcoins enter circulation.

 

[Aueshaasim]

Clear your dues. You may owe some money to your college canteen or even a few friends who helped you out when your funds ran out. ...
Get health insurance. ...
Start investing. ...
Go on a trip. ...
Treat yourself.

 

[Ahsankamal]

its just been the market dynamics that has majorly influenced its growth and the buzz generated by Elon Musk which really drew attention to it.

 

[Ahsankamal]

I don't think Dogecoin having an unlimited supply is totally correct, Dogecoin is minable and it supply limit is 100 billion.

Dogecoin has it own blockchain and transactions on the blockchain is very fast, Dogecoin blockchain has potential for great things if properly managed.

A bitcoin halving (sometimes 'halvening') is an event where the reward for mining new blocks is halved, meaning miners receive 50% fewer bitcoins for verifying transactions. ... Bitcoin halvings are important events for traders because they reduce the number of new bitcoins being generated by the network.

 

[Adetayo100]

The Bitcoin halving is an event that happens roughly every 6 months or a year. In the past, this event usually started a Bitcoin trend where it would half itself. As a result, the price of DOGE crypto currency always spiked.

 

[Nomad]

I cannot answer this because I am not an expert, I came to this thread to learn on the topic. I believe doge is going up pretty fast. It has become 40 cents. Like everyone predicted, doge will soon become $1

 

[Ralphjoe]

I totally buy into your suggestion because even Dogecoin does have an halving event, it's not really enough to project the cryptocurrency to the height that the owner envisaged for it. I am also suggesting that they should be doing halving event for Dogecoin for every two years.

 

[Nomad]

Dogecoin was once 70, probably in May 5th (or possibly on May 7th, I cananot remember), and the current price is just about 20 cents. Dogecoin has not only halved but has gone even below.

 

[Shigobad2020]

Most of the coins in the cryptocurrency space are able to combat inflation and increase their value as well through the halving event that generally happens every four years. Of course this time line can change depending on the coin that you are looking at, however or Bitcoin (using this as a reference) it is 4 years. This increases the difficulty with which to mine the currency and therefore slows down the new supply into the market, managing the supply and increasing its value. It is a great way for the value of a coin to soar.

Dogecoin on the other hand has no halving event as there is an unlimited supply. This can halt the growth of the value of the coin. Do you think that there should be a halving event in dogecoin?

So dogecoin is also a crypto currency I believe there should be an halfing event for it too every four years but since its unlimited , I don't think the growth of dogecoin can be halt due to the unavailable halfing event.