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Dogecoin Future: Is this Crypto Worth Investing in?

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Ever since the creation of Bitcoin (BTC), cryptocurrencies have been growing in number, and this has continued to this day. A lot of them came as a part of a serious campaign that aimed to top BTC and become a successful alternative as soon as possible. Among these currencies, there also came to be one with a lot lighter point of view, which might be just the thing that allowed it to remain alive to this day. Of course, we are talking about Dogecoin (DOGE).

What is Dogecoin?

If you are new to the world of cryptos, you might not be familiar with Dogecoin just yet. After all, the crypto has been experiencing a pretty passive period lately, but it is still out there, hanging on and refusing to surrender.

Obviously, Dogecoin is a cryptocurrency. It was created in 2013 by Jackson Palmer, and the rumors are true, the crypto was indeed created as a joke. It started as a suggestion that received an unexpected amount of support, so Palmer decided to just make it for the fun of it. What neither he nor anyone else, have expected is that this joke currency will actually achieve this level of success.

The reason for this is that Dogecoin was fun and light, when all the other currencies were serious, with big issues, and were putting in a lot of effort just to stay alive. DOGE was simply there for the fun of it, created from an internet meme that was popular at the time, and really just enjoying itself. It became an interesting crypto that was easy to use, and cheap to buy. The community quickly found a way to use it for tipping purposes, instead of simply liking or upvoting comments and posts.

About DOGE

DOGE is an interesting coin in several aspects, actually. It is, essentially, one of Litecoin’s (LTC) forks, but it decided to go its own way and change multiple parameters. It has a block time of 1 minute, for example, while Litecoin’s is 2.5 minutes. Apart from that, its coin supply is basically unlimited, as well as uncapped.

Apart from that, it has a pretty well-developed community, although it appears that more and more people are losing interest in the coin. Threads dedicated to this crypto are still active on places like Twitter and Reddit, but a lot less on BitcoinTalk Forum, which once served as an official channel of communication. DOGE’s community also had a decent presence on GitHub, but it has been around three years since the last update there.

Problems regarding Dogecoin

Dogecoin’s community seems to be losing their interest in this coin, and it might be for several reasons. The first one might be Jackson Palmer’s decision to abandon the project. This is not necessarily a bad thing, and crypto can survive with ease even without its creator’s support. Bitcoin is the living proof of that. However, Palmer did not only take away his support when he left but also DOGE’s direction and perhaps even purpose.

Next, DOGE is suffering from a continued inflation, which is not good for its investors. Investors are after the money, and those who cannot receive a good return on their investments usually won’t bother investing at all. Finally, the coin’s developers haven’t exactly been busy all these years. There has been no progress, update, new project, or anything alike for the last two years, which is a lot in the world of cryptos. Just look at other ones like Ripple (XVG) or TRON (TRX) who are making partnerships, products and alike nearly every week.

Dogecoin’s potential investors should not take this the wrong way, though. The coin is not dead, and it still has a pretty strong presence. Its current price according to CoinMarketCap is at around $0.003430, and it holds the 46th rank. However, DOGE is not the crypto that will make you rich anytime soon. The community is there, still alive, and still using and supporting the coin. And who knows, perhaps the future holds a big plot twist for this currency.

The decision whether or not to invest in it is up to the investors themselves. They do, however, need to have all the facts before doing it, though. The coin is fun, easy to use, and has potential. What it lacks is strong leadership and a project that would make its development team busy.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Blockchain-Focused ETF Arrives on London Stock Exchange

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The crypto community is still waiting for the US SEC to approve Bitcoin ETFs, with speculation which application might get approval being one of the hottest topics in 2018. However, come 2019, the US government shutdown dragged on, and the Bitcoin ETF request which had the most potential to see a grant got withdrawn by the very companies that submitted the application.

While the question of BTC ETF remains hanging in the air, blockchain-focused ETFs seem to be a different matter entirely. In a recent announcement by an independent investment managed firm called Invesco, the company has stated that it was about to launch the largest blockchain-focused ETF in the world. They managed to go through with this plan, and the ETFs have reached the London Stock Exchange today, March 11th.

The exchange-traded fund includes a portfolio containing as many as 48 different firms which are bringing exposure to the emerging technology. Among them, there is Taiwan Semiconductor Manufacturing, which is a well-known creator of chips used for crypto mining, as well as the CME Group, which is the first regulated exchange in the US which launched Bitcoin futures. There are many other well-known companies as well, such as Intel, Microsoft, and others.

Chris Mellor, the Invesco’s head of ETF equity product management in Europe, said that blockchain has a huge potential to increase earnings, even though…

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Could Jeff Bezos Turn to Bitcoin to Hide Fortune from Wife?

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Amazon’s Jeff Bezos has made numerous headlines recently due to his overly-publicized divorce, which shows all signs of being one of the most expensive ones — if not THE most expensive one — in modern history. According to estimates, it might cost him as much as $70 billion, which will make his soon-to-be-ex-wife the richest woman in human history.

However, as the process continues to unfold, many have started wondering if things may have ended up differently for Bezos if he turned to Bitcoin for help.

Bitcoin as a divorce tool?

In the last several years — since Bitcoin and other cryptos hit fame — many have started turning to BTC during their divorce proceedings. In fact, it can even be said that using the largest cryptocurrency in this way has become a new trend. The trend has been gaining so much strength that numerous law companies started including advice on what to do in regards to Bitcoin as part of their websites.

However, while the trend has been picking up in recent years, it is nowhere near as easy as it might seem. For example, if there is even a suspicion of a spouse having undisclosed holdings appears during the divorce process, it might be enough to impact the final decision of the judge. In other words, even if there is a complete lack of evidence, but…

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Three Biggest Things To Know Come Cryptocurrency Tax Season

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In recent years, digital cash systems known as cryptocurrencies such as Bitcoin and Litecoin have exploded into the public eye. A blend of cash and stocks, their use and value has grown exponentially. In 2017, the IRS decided to focus great effort on taxing them. In theory, this should be as simple as calculating taxes on any other type of property, bond, or other assets. Cryptocurrency, however, presents a unique challenge. The full extent of one person’s crypto activity can stretch across dozens of platforms and take a variety of different forms. This makes it difficult to gather all of this information cohesively, much less begin the seemingly- complicated process of reporting it.

These three tips should help anyone looking to legally report their crypto activity to figure out where to start.

Documentation is key!

There are dozens of different “exchanges” individuals can use to change their cash into crypto. When the flat currency is changed into cryptocurrency at the exchange, you establish your cost basis. This makes this data crucial when you begin the process of reporting.  Those who have used a variety of different exchanges should keep detailed records of everywhere that they made trades. Once tax season arrives, most exchanges will allow users to view their entire trading history with that exchange. This information will be necessary later to complete taxes.

Calculate your total gains

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