Dogecoin for tranfers?
Hey Steem,
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Justa wanted to talk about Doge Coin. Really nifty little coin, I use alot for transfering between exchanges.
If your like me your main exchange doesn't list that new coin you want to get into early or doesnt let you transfer in and sell the new ICO coin you have aquired and your dieing to take gains.
Well that means you gotta move funds from exchange wallet A to exchange wallet B. Well you could use bitcoin? Take about a day at worste or about 30min if your really lucky. Plus bitcoin from an exchange usually cops a 25$USD mining fee. So scratch that, and alot of the big coins are similiar.
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Enter doge coin, the coins very widely accepted. But the fee's are so low, my main exchange charges 1 doge to send, other main exchange 2 doge. Thats like 0.01AUD and 0.02AUD or USD :-).
So stop paying fee's. Doge it
Yeah, I think as more people realize Doge is great for moving value around between exchanges and to other people, the value will gain even more. I predict by July Doge will be worth roughly 15 to 20 cents a coin. Some will laugh, but it is what Bitcoin always should have been. 1 Minute block times for fast verifications, barely any transaction fees, and it tends to hold its value long enough to not worry about holding it for a few minutes.
To be fair, if Doge coin scaled to the size of Bitcoin, it would probably have scaling issues and large transaction fees too. But until then, its such a great alternative.
Hey thanks ya it was going up but fell back with the rest. but ya its always stable enough to move coin. Definatly seems more practical than bitcoin, but ya if it was scaled not sure how the doge network would cope....ya i can see it going up, i think at 10c though it would have a bigger market cap than bcoin :-)
yes is true, very good
thanks