Welcome to BeerMoneyForum.com - BIGGEST MAKE MONEY FORUM ONLINE

Join us now to get access to all our features. Once registered and logged in, you will be able to create topics, post replies to existing threads, give reputation to your fellow members, get your own private messenger, and so, so much more. It's also quick and totally free, so what are you waiting for?
Blue
Red
Green
Orange
Voilet
Slate
Dark
  Guest viewing is limited

❕NEWS Musk Says Dogecoin Is Better Suited for Transactions Than Bitcoin.

L

LutherKing

Guest
Being awarded on the person on of the year and entrepreneur by tines magazine elon musk in an interview has said " dogecoin is better suited for payments vs bitcoin and its deflationary thing will cone lessened with time

He still has plans of accepting Crypto again but any date and time is not necessary he said
 
Crypto currency miners are the major people using doge coin to pay for mining fee since it has very low transaction fee and it confirmation length is very short. Lots of people do not trust investing on doge due Musk's hyping.
Yeah I think Elon musk hyping is actually affecting the coin growth , many that actually thought the coin will have huge increase no longer believe in the growth process , they thought it would continue to grow but most times it doesn't meet expectations
 
If doge would grow it should have done that long ago, it was launched along the likes of Ethereum, dash coin, Litecoin etc and all these coins have appreciated significantly but doge is still less a dollar.
 
Although what I noticed is that dogecoin is actually one of the coin with low transaction fees , it actually have fast transaction speed and others , That's something that I noticed about dogecoin , it's actually one good coin you could check for
 
The low transaction fee is a good advantage doge coin has over lots of coins in the ecosystem. Though for the fact that it is a meme coin it may not grow as others, Shiba is kinda more progressive.
 
If it is from a clearly transaction settlement point of view, the grand patron of Dogecoin who is Musk is not wrong with that assertions that the meme coin is better than Bitcoin. The high fees with Bitcoin makes it an unattractive prospect for settling payments. And that is just about all for Dogecoin. Besides that z it doesn't have any other advantage when compared against Bitcoin.
 
There are many reasons why Elon Musk may say this. And we should not get carried away with his analysis. He's an investor that always want to make sure that his interest is covered first. He is a well known promoter of dogecoin.
 
There are many reasons why Elon Musk may say this. And we should not get carried away with his analysis. He's an investor that always want to make sure that his interest is covered first. He is a well known promoter of dogecoin.
But there are elements of truth to this. Dogecoin is actually a good payment option than Bitcoin based on transaction speed and fee. As it stands, I can't receive and send out a $5 payment in Bitcoin because of exorbitant fees.
 
There are many reasons why Elon Musk may say this. And we should not get carried away with his analysis. He's an investor that always want to make sure that his interest is covered first. He is a well known promoter of dogecoin.
Yeah true , I think we truly need to remember that he is a promoter of dogecoin , so he would actually want the price to boost to expectations atleast to some extent , that's exactly what I actually noticed
 
But there are elements of truth to this. Dogecoin is actually a good payment option than Bitcoin based on transaction speed and fee. As it stands, I can't receive and send out a $5 payment in Bitcoin because of exorbitant fees.
I know based on the transaction fee. But Elon doesn't mean this. He only said that because of his love for dogecoin. I am very sure that there are other coins that are good in transactions as well. Litecoin doesn't charge as much as well even XRP.
 
But there are elements of truth to this. Dogecoin is actually a good payment option than Bitcoin based on transaction speed and fee. As it stands, I can't receive and send out a $5 payment in Bitcoin because of exorbitant fees.
The exorbitant fees is actually that big problem , I wish the fees was actually small it would have been better , but the huge fees seems to be a very big problem for some investors that are transferring their asset , but I think there is actually the creation of lightening network to make the fees lower
 
The low transaction fee is a good advantage doge coin has over lots of coins in the ecosystem. Though for the fact that it is a meme coin it may not grow as others, Shiba is kinda more progressive.
That is it. People always prefer it to Bitcoin when it comes to making transactions. Apart from that, I don't think there is still any parameter where one can choose dogecoin over Bitcoin. These days, the coin is not even to be found.
 
yeah true some people prefer dogecoin and other smaller coin to Bitcoin when it comes to transaction , they actually want something that would be costing them less amount of money when it comes to transaction and I think smaller coins offers that
 
That is it. People always prefer it to Bitcoin when it comes to making transactions. Apart from that, I don't think there is still any parameter where one can choose dogecoin over Bitcoin. These days, the coin is not even to be found.
Dogecoin is still very much on circulation. I have received lots of Dogecoin from some paid to post forums I am working on. Like you rightly stated, it is only the fees that one Doge beats Bitcoin. When I get my payments in Dogecoin, I don't hold. I immediately swap to either BCH or BNB to escape the volatility of Dogecoin.
 
Well, in as much as I don't fully agree with Elon musk on this his assertion, I think dogecoin is no doubt a very promising coin, but to compare it with bitcoin in terms of value, is a complete no no for me, well, he may be right though, probably he has seen what the ordinary eyes haven't seen
 
Well, in as much as I don't fully agree with Elon musk on this his assertion, I think dogecoin is no doubt a very promising coin, but to compare it with bitcoin in terms of value, is a complete no no for me, well, he may be right though, probably he has seen what the ordinary eyes haven't seen
He never compared Dogecoin to Bitcoin in terms of value. The comparison was strictly based on which one is currently better as a means of settling payments. There is no basis to compare Dogecoin and Bitcoin when value is the parameter. As a payment method, there might be basis and Musk might have a valid point.
 

📢 Recommended Partners

MGID - Native Performance & Programmatic Advertising Platform MGID Team
0.00 star(s) 0 ratings
Updated
Roobet.com | Crypto’s Fastest Growing Casino 🦘 Roobet.com
0.00 star(s) 0 ratings
Updated
Duckdice.io - Top Crypto Gambling - Bitcoin Dice DuckDice.io
0.00 star(s) 0 ratings
Updated
BMFAds.com - Advertise and Monetize Your CPC, CPM, POP Traffic BMF Staff
4.00 star(s) 4 ratings
Updated

banner

REWARDS: Active Raffles


  • 🤑 Roll 3: Win 100,000 BMF Points!

    The entry period for this raffle ends in..
Back
Top Bottom

Earnings Disclaimer:  All the posts published herein are merely based on individual views, and they do not expressly or by implications represent those of BeerMoneyForum.com or its owner. It is hereby made clear that BeerMoneyForum.com does not endorse, support, adopt or vouch any views, programs and/or business opportunities posted herein. BeerMoneyForum.com also does not give and/or offer any investment advice to any members and/or it's readers. All members and readers are advised to independently consult their own consultants, lawyers and/or families before making any investment and/or business decisions. This forum is merely a place for general discussions. It is hereby agreed by all members and/or readers that BeerMoneyForum.com is in no way responsible and/or liable for any damages and/or losses suffered by anyone of you.