Dogecoin
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DOGE · 33w

A blogpost I wrote about dogecoin 10 days after it was released

It was the much of times, it was the wow of times. The Doge Days of Winter occurred during The Great Radeon Shortage of 2013. The Doge Days of Winter was a phenomenon where an alternative to bitcoin was released under the name "Dogecoin". Doge was a meme back in those days. One of the greatest memes to have ever existed. Doge was a picture of a Shibe Inu, with words written on top of it in comic sans font. Commonly used words included "Wow", "So", and "Such".

Dogecoin on it's first day of release was much interesting. It had many posts on the forum, and the third post was, "Is this supposed to be retarded on purpose?". Little did that person know, dogecoin would become a multimillion dollar industry in the coming days.

The first three days of dogecoin were full of bliss. Mining difficulty was under 3. There was doge being given out in large quantities at a time. Even as high as one million doges, just for asking. Doge was thriving, but had no real value yet. People were enjoying the dogecoins. One dogecoin receiver even said "This is the best day of my life." after receiving ten thousand doge.

On the fourth and fifth days of The Doge Days of Winter, something interesting happened. One million doges were being sold for up to 50 dollars, and/or .05btc. Many trades took place. It looked like there were more sellers than buyers at this point, but that was about to change.

On the sixth day, the prices jumped. Demand skyrocketed. One million doges was now selling for 280 dollars. Everyone wanted to buy doges. By now difficulty in mining was over 20, over 2 times more than the day before.

On the tenth day dogecoin got on three major exchanges, the most important one being cryptsy. Difficulty is now at ~120 and 1 million doges sells for $500-$750.

Day eleven. The day I quit selling dogecoins. Doge difficulty is over 240. The price for one megadoge is roughly $1200. I would say doge went to the moon, but it may end...

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