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Rough estimate: If Dogecoin were to this moment be as valuable as Bitcoin, 1 DOG = 0.00021 BTC ≈ 0.15 USD with a 33332% increase in value.
My math might be flawed so help me out here, but I've calculated that if Dogecoin were to instantly be as valuable as Bitcoin at the time of this post it would have a 1 USD to 7 Dogecoin exchange rate. The math here is very simple. I took the max potential Dogecoins and divided those by the max potential Bitcoins. I then took that number and divided it by the current value of 1 BTC to USD. 100,000,000,000 / 21,000,000 ≈ 4761.9 4761.9 / 680 ≈ 7 These same numbers will also show us that we will probably never see Dogecoin trading for more than 1 Doge to .00021 BTC on the exchanges. 21,000,000 / 100,000,000,000 = 0.00021 Lastly, we can also calculate how much growth Dogecoin will see if it were to grow to the same value as Bitcoin using today's Dogecoin to Bitcoin exchange rate and the 0.00021 exchange rate from above which show a 33332% increase in value. 0.00021 / .00000063 ≈ 333.32 x 100 = 33332% Please take note that these estimates are very simple and ignoring many other variables, but I just thought I'd share these calculations with everyone.
It's Time for Action... "The Dogecoin-to-Bitcoin exchange rate rose by 50% within 12 hours..." Ladies and gentlemen, this statistic was the result of a successful fundraiser to send the Jamaican Bobsled Team to the Olympics. As you know, Dogecoin continues to rise (about 14% today) slowly, but surely. I believe eventual parity with the USD is inevitable. Consider Dogecoin’s popularity… (It’s used more than any other Cryptocurrency on the Internet.) To progress the heights of our community's value, I feel we must take action. How? Simple. The Jamaican Bobsled Fundraiser was a compelling story that skyrocketed our value in a little under 24 hours. The question is not, "What more attention can we get from this story?" it is, "What story is next?". Compelling crowdfunding and crowdsourcing campaigns exist all over the Internet. Another successful story can help our cause (that much more) along with the cause of others. Note, this is by no means a vie for media attention. It's a scheme to promote the usage of Dogecoins for the funding of humanitarian causes. This, in turn, would make another heartwarming story a reality and procure exposure for our cryptocurrency. I say this... Let's find some compelling fundraisers out there and donate to them. Let's get these campaigns funded with Dogecoins in order to get our name out there as "Doge Humanitarians." What do you say? I'll start us off... http://www.indiegogo.com/projects/campaign-for-baby-s-health-and-life
PSA: If you have coins in the exchange Vircurex, you should be aware that they have frozen Bitcoin and Litecoin withdrawals. Dogecoin withdrawals appear to be enabled at the moment, but that could change
Vircurex Announcement: As you may very well be aware, we had two incidents last year that lead to a loss of a significant number of BTC, LTC, FTC, TRC. We had communicated at that time that we will be covering those losses from our income, which we have done so far. We had enough coin balances in our cold wallet to upkeep our platform and the positive cashflow enabled us to gradually refill the wallets. Unfortunately we had large fund withdrawals in the last weeks which have lead to a complete depletion of our cold wallet balance and we are now facing the option of either closing the site with significant unrecoverable losses for all or to work out a solution that allows the exchange to continue to operate and gradually pay back the losses. We have obviously chosen the later and hence are going to do the following:
We will introduce an additional balance type called "Frozen Funds". Funds in this balance type cannot be used to trade or withdraw. Those are the balances that the exchange will gradually pay back and hence transfer back to the available balance over time.
We will move all current balances for BTC, LTC, TRC and FTC to the "Frozen Balance", i.e. your balance will be set to 0.
We'll take the current available Cold Storage balance and distribute it based on the below described distribution logic.
Monthly we will take the net profit of the exhchange and credit back that amount distributed to the users based on the described distribution logic.
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Trustworthy exchange to convert Dogecoin to Bitcoin?
Can you recommend an exchange where I can convert doge to btc? I guess Cryptsy is no longer, and I read negative things about Bter. I have about 220k doge that I want to convert and would prefer not to get ripped off. Any info or insight greatly appreciated!
Exchange Bitcoin (BTC) to Dogecoin (DOGE) – fast, easy and for a fair exchange rate! While Bitcoin is still the most popular cryptocurrency on the market, having/owning Dogecoin for fast transfers or payments is always a great idea! With our super fast service, you can exchange any amount of Bitcoin into Dogecoin with just a few steps. Exchange Dogecoin (DOGE) to Bitcoin (BTC) The list below shows exchangers where you can exchange Dogecoin (DOGE) to Bitcoin (BTC). The exchangers are sorted by the rate, with the best rates on the top. To select an exchanger, you may want to check its reserves and reviews. To exchange money, click on the exchanger you choose and go to its website. 1 Dogecoin is 0.000000242 Bitcoin. So, you've converted 1 Dogecoin to 0.000000242 Bitcoin . We used 4125854 International Currency Exchange Rate. Exchange Dogecoin (DOGE) to Bitcoin (BTC) Changelly is a platform that provides you with a possibility to convert DOGE to BTC in a few clicks. We act as an intermediary between crypto exchanges and users, offering easy and fast swaps of 140+ cryptocurrencies online. Exchange Bitcoin (BTC) to Dogecoin (DOGE) The list below shows exchangers where you can exchange Bitcoin (BTC) to Dogecoin (DOGE). The exchangers are sorted by the rate, with the best rates on the top. To select an exchanger, you may want to check its reserves and reviews. To exchange money, click on the exchanger you choose and go to its website.
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