Bitcoin Forum

Crypto is Elon's new playground now?

What will happen when the tweets "Bitcoin as shit as FIAT" like the last time he did?

Reminds me of McAffee too. Since he is in jail now, somebody had to fill his spot. If Elon keeps doing this, he might be cell mates with McAffee.

And I would say not for long given it is (or at least was, I haven't looked in quite a while) continually inflating.

Meaning Dogecoin is somewhat a Play toy ? because Elon is just making fun of crypto ?
And how come that because of that Twit bitcoin will increase that high ? nope i don't think this is the case.

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What i believe here ?that Maybe the Doge pumping is the way of US to make the Biden's main plan to increase the Value of dollar again ? making US citizen/businessman gaining millions in Doge then they will dump and convert to Dollar that will be an added value to USD.

Why would someone put Elon to jail? He did not do anything illegal. Despite McAffee being a very contradictory person.
John McAffee is in jail because he had fraudulently promoted certain ICOs (https://en.wikipedia.org/wiki/John_McAfee#Legal_issues). Also McAffee was arrested for tax evasion. But Musk, he may write what ever he want in his twitter or other social media account. He is not responsible for cryptocommunity reaction, he is not forcing anyone to do anything.

he finally made it. he just keep tweeting about dogecoin back in the days now it briefly become among the top 10. its very much timely just what happen to GameStop and then this doge market went crazy up to more than 800%.  and then BTC now almost back to its track and getting ready to break the ATH.

one powerful man can bring the entire market up alive. he just made jeff besos a peony.

I think Elon’s been invested in bitcoin for a very long time, he’s made several comments over the years alluding to it. I’ve thought for a long time Elon might be Satoshi but that’s another story. He’s definitely involved with crypto, specifically BTC & DOGE.

I think now Elon replace McAffee's position ;D

But after Elon says about doge, the price getting a pump for a while. But today, we see that dogecoin is back increase and hit the very highest price. It is good news to us because we can sell our dogecoin at the highest price. We do not have to feel too happy because we have another job that we should prepare for, such as still analyzing what coin that can increase next. After this, I am sure that some altcoin will start to lift the price, and who knows, we will back to make another profit.

I don't like this, this is just pure mindless hype, it's not sustainable and Bitcoin could easily return to where it was before it in a matter of days. If we were in bearish market, it's still bearish.


Yeah, no, Elon is the richest man on Earth, while McAfee is a greedy ass who would do anything for money. I don't see Elon shilling for shitcoins, he has a reputation to uphold.

This what I’m thinking when he start trolling doge before. We know how Elon think, All his idea is revolutionary and cryptocurrency is a revolutionary idea in financial world. I believe Elon saw it before and invest some money on crypto that’s why he is silently promoting crypto by trolling since it’s the effective to catch people’s attention. I believe Elon is the bridge for crypto connect to majority of people that didn’t know crypto.

John Mcafee is far different to Elon. Elon doesn’t promote any coin so that other people invest on it. He is just simply posting stuff about the specific coin.

McAfee was a clown, Elon is just clowning. The big difference? Elon knows what he's doing.

This makes Elon is a lot more dangerous; he's been fined for memeing around with Tesla stocks in the past, but with Bitcoin, he can say and do anything he wants without any real repercussions. It's also terrifying how much sway he apparently has, especially considering he seems like the type of person to just do whatever he wants.

All that being said, I dislike how much people pay attention to his antics. All you're doing is giving him more power. I personally believe he's making money out of this (along with a sizeable ego boost), but once he stops benefiting from it, he'd likely drop it in a heartbeat.

Poor doge, might have been cashing now the profits from doge to bitcoin as we all witness the dramatically decreasing volume of doge from the past few hours aswell.

I saw that justine sun of Tron are now joining the pump and dump hype.

Elon Musk is a billionaire troll, and I think everyone knows that by now given the massive shitpost his twitter account displays in the internet.

The Tesla CEO may or may not be buying bitcoin on his own, yet his words are like the bible of the internet that many people heed. One single tweet about anything and basically his herd of sheep would follow suit, or do whatever it is that the tweet implies all the while Elon being not responsible from the actions of his followers.

Basically Elon tells his followers to do X in a non-direct manner, and when all hell break loose, he will not be responsible for anything given how he's just meme-ing. At this point, Elon's power is not his money but his tweets; he can pump the shit out of any stock or asset since he has a lot of followers ready to obey the shitpost of their lord.

He was the first rich man in the world today how could an Elon Musk play a role in any other shitcoin? Is he not enough money?
Bitcoin and Doge are important for themselves maybe he already knows how good it is where bitcoin will go in the future, maybe more than now and with his tweets and bio on Twitter is to make sure that bitcoin is the future money that will be used .
This is the answer for us where we have to know from an Elon Musk that we do need crypto in any case in the future.

There is a major difference between John McAfee and Elon Musk, John McAfee is a scammer and he was enjoying his time in the cyrptocurrency space and promoting scam coins as well while Elon Musk is doing it for fun to satisfy his ego and there is a big difference between the two.
Elon Musk is aware of his influence and he even tweets about his companies stock price that could affect the market negatively and he does not care about that and did not face any heat from the SEC.

Straight from the shoulder, Elon Musk somehow fuel the Bitcoin market recent growth in price cause he has the money to invest in the market and I have said in some of my previous posts that Elon makes a negative statement about Bitcoin so he can buy dip which I believe did and later make a positive statement about Bitcoin when he changes his Twitter profile bio. With that been said, his bio is not the reason for the Bitcoin surge cause it actually his accumulation and his follower's decision that speaks now

Go that was a great pump, Doge surprises me because before Covid-19, it had a pump frequency of approximately 6 months or more, this time it lasted but it was decisive, ELON MUSK knows that bitcoin is the King, and that such a person Influencer can move masses and in turn emotions.

Definitely correct but in honest talks then i dont  really believe on such calls because these are highly manipulative or deceptive one.

We know that these fella's can really move out the market due to financial capacity or capability but not everytime it would really be precise for someone to follow.
Lucky for those who do take shot on following him up which it did really pays off.
This doesnt only limit out with DOGE but also with other unknown coins that had been pumped out in the market which i do saw that it had
been done randomly.

A single word Bitcoin getting added to the bio of Elon Musk has made such a big change in the market. This has getting changed to be the big boys game. Elon Musk always try to be the game changer, from program development to the present days technology he has been getting on the top. Maybe we can soon get to see his own cryptocurrency, which will be under big hype without reason.

6 hours later, and most of the gains from Elon's pump are gone. This is why it's dumb to look at things like that as something serious and fundamentals. Noobs probably though that Elon will soon start accepting Bitcoin for his cars or will promise to make Bitcoin the official currency of Mars, but really this was just some twitter shitposting. If you want to trade based on that, you should do so only on small timescale, like hours or minutes, and be ready to dump quickly.

On the one hand, it is very funny and interesting to watch such events (and some were able to make good money on this), but on the other hand, it creates an image of some kind of frivolity. I don't think that the fact that one person can change the bitcoin rate by 15+ percent with one action on a social network is a good argument in favor of bitcoin, rather the opposite. Even if this man were the president of the United States.

It would be strange if he tweeted about it for a year and had nothing in his pocket when 1 bitcoin for him is like dust. He spends more on food than 1 bitcoin is worth.

It would also be pretty stupid if he changed his status before buying unless it was just a joke. People are hoping he will pump bitcoin but what if he's already in and taking profits from this pumps?

I do not think that he does it for selfish motives (for his ambitions this market is small, it seems to me), he just likes to have fun. As far as I remember, there were already court hearings and he was somehow limited to topics for commenting on Twitter (if I remember correctly, this was when he was talking about what he wanted to make Tesla a private company and thus influenced the stock price).

Wow! this guy must have hold a lot of BTC, the tweet was very simple yet people are riding with it.
This popular entrepreneur are really influencing the market, and I love the approach of Elon Musk because he is not so vocal, people love that.

Nice timing by the way, because bitcoin has been struggling before that tweet, and we saw what happened.

Many people were influenced by what Elon Musk did on twitter platforms, because coincidentally the prices of Bitcoin and Dogecoin went up
dramatically. I think this is a good thing for me, who really HODL the two coins, I can make a short-term profit. Especially the increase in Dogecoin
has been extraordinary, I, who have been collecting Dogecoin for two years, are lucky to get a large enough profit. Hopefully the same applies
to Bitcoin, so that Bitcoin can return to over $ 40k again.

because Elon is not just anyone, Elon Musk has 44 million followers of mate, it is only natural that many people follow what he thinks,
it looks funny, but that's a fact that's happening now, doesn't that also give us all free signals?
And of course it's a chance for us traders get a lot of profit from an influencer tweet, honestly I want to see her tweets again,
even if possible Jack Ma should also make tweets hehe  ;D.

I doubt that Jack Ma will do that, in fact he has been missing for months from the limelight after he critised the Chinese government and his IPO being shut down.

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For Elon, yes his simple tweet causes a mad rush to buy bitcoin and in minutes the price goes to more than 10%, amazing how this guy is the poster child for pumps and dumps. But Doge seems to be dumping right now though, 20% down in the last 24 hours. Sign that maybe WSB are looking for the next coin to be pump.

Just a reminder: Elon Musk says $40m tweet was 'worth it' after being fined (https://www.theguardian.com/technology/2018/oct/28/elon-musk-says-40m-tweet-tesla-was-worth-it-fines): he's rich enough to get away with market manipulation, and he seems to enjoy the power he has over the market. He's now extending his influence to other markets.
I've never liked "influencers": people don't follow what they say because they believe it, they follow it because they expect other people to follow it too. And that makes anything he says a self-fulfilling prophecy.

Well said! But trolls have power, and billionaire trolls have a lot of power.

We've seen Bitcoin price swings from the words of bankers before, but in the end, they don't matter. Bitcoin works with or without the support of bankers and rich guys. Bitcoin doesn't care.

Remember Elon is a businessman so anything statement might be released just for his own benefits, this is hyping works and his so successful for pumping those coins he want to hype.  Just believe on things when there's a news on media coming up since by that we can determine on how the turn of events goes.

LOL. Elon was only good for a 3 hour short squeeze. How disappointing! :D

Actually, on second thought, that gives me some faith in Bitcoin markets.

Maybe a little short squeeze was all he was after. He does seem to really hate the idea of short selling. This is him 12 hours before he added BTC to his profile:


https://twitter.com/elonmusk/status/1354890601649610753

It's not entirely true: if someone pays me to sell my house/car/jet, and promises to give it back next month, we can work something out if the money is good.
I'm pretty sure most new car sellers don't even own the cars they're selling: they can only afford to pay the manufacturer after they've sold the car. The entire fiat economy runs on debt.

The problem with shorting is that it creates a positive feedback loop. If you buy something, you push the price up. But if you sell something, you push the price down, which is what you want because you want to buy it back cheaper.

The sold stock is borrowed from those who own it, thats fine and the rights of the legal holders of that stock.   The problem many have is their brokers who are using the stock behind the backs of purchasers in online accounts, they are nominee owners and the broker is double dealing and selling what they are basically trustees for.   Really they should be paying or giving an option to the account holder and purchaser of the stock.   That is pretty murky business but we can go one step further and some short sold stock never existed, naked short selling of stock nobody owns hence how the company has more stock sold then was actually available and it gets ridiculous.
    They cannot really ban straight short selling, it was considered in 2008 but actually discourages a market, reduces liquidity and restricts the freedom of holders but naked short selling is hard to justify as anything but corruption and deceptive practise.

https://www.investopedia.com/terms/n/nakedshorting.asp

BTC has an uptrend here on the lows despite the spike and sell.  Elon did setup Paypal not BTC and did have the intention to create an online currency originally apparently, obviously its not that now despite now handling BTC kinda.

I heard that literally today or yesterday some kind of investigation was initiated against him. Quite funny, as soon as he somehow took the side of the people (I mean that Wall Street scandal), he immediately received a response from politicians in the form of another investigation.

What he says and posts will have an impact on the market because he has the influence and the money to back it of, we should be glad that we have the richest man in the world in our industry, it can influence like-minded people like him to take a dip in the Cryptocurrency, this is what the pioneers dreamed about to happen and it's happening right now, soon we will have many more Elon Musk tweeting about Cryptocurrency.

This is what returned me here = WSB & Elon's tweets :D

After the DOGE pump I urged myself to check what forgotten wallet I have. Unfortunately didn't find any significant amounts, but it is fun to watch the whole soap opera.

It goes with the name and everything attach to him, Elon Musk is a man with a Midas Touch, just see what his tweet can do to the market, I just hope he will not do what McAfee promoting shitcoin to the community, Elon Musk should just concentrate on the top and proven coins in the market, there will be developers that will come to him to promote their project, he should reject these people and don't let them tarnish his reputation.

I disagree. What happened to bitcoin was a short squeeze that is very similar to what happened to GME stock where people crushed the shorters who have been betting against the market and were crashing the price of that stock. The same thing on a small scale happened in bitcoin to bankrupt the shorters.

What happened to Doge was a simple pump and dump that happens regularly and is not just limited to Doge. In fact Doge pump was a very small one compared to most of these pumps we see in altcoin market. This is also not the first time Elon is hyping the Doge pump either.

It's an illusion to think your interests align with his interests. A 3-day pump&dump doesn't do crypto any good.

Maybe another day for dogecoin to increase because the price is already hit the highest price. Dogecoin now needs to rest for a while and gather more supports so that the price can start another rally. Besides that, dogecoin has already increased, and I think it will be better to stabilize at the current price for a while. Dogecoin can have a chance to grow to $1 in the future, and if that happens, many people will be happy to sell at that price.

Doge coin has been pumped and will eventually dump real hard. I believe the Elon Musk tweet is just an accessory of it. Some articles has been saying Doge coin has been pumped by a reddit pump group. Elon might have fueled this pump, but the intentions behind is obviously a pump and dump, so I don't think everyone has benefited from the pump.

I think Elon Musk is more careful than McAfee because McAfee is mostly after the money that he will get in promoting the project. Remember those days that projects were happy to attach the name of McAfee in their platform. Wonder how much they paid him just to endorsed and used his name. Whereas, with Elon, he doesn't need payment just to say something about crypto or any other currency. He is doing it for the sake of what he feels at the moment. So no strings attached so to speak. That's why people are following him because they know he doesn't need any more money just to say something to a project.

Yes, the shorter get punished severely both in the stock market and in the bitcoin market. I remember that bitcoin was around 32,000$ and everyone was thinking that bitcoin will go below 30K and there were many short position opened for bitcoin. That big pump in bitcoin made them liquidated and give them a lesson that do not short.

This is good news in my opinion, because it is very difficult to make Bitcoin and DOGE prices go up.  But Elon Musk is very easy to make the coins
he wants go up. Hopefully Elon Musk does it often, so that it can make the price of Bitcoin and the DOGE pump even higher. But I do agree that
DOGE's ridiculously high price hike wasn't just because of Elon Musk's tweets, but there are other factors that make the DOGE pump price.

Elon Musk is only a trigger, another factor could also be whales who do pump and dump. Or even some trading groups that have quite a lot of members
to do pump and dump. But the increase in DOGE does not last long, now the price of DOGE is starting to drop dramatically. Therefore, don't be
panic traders, always buy and sell coins based on analysis.

Elon Musk is a big influencer or maybe he is the biggest crypto influencer. Every his writing is capable of influencing people, so many people in the same action like buy it's mean will pump and sell its mean dump. I think we must follow everything his tweet

He is like a child, acting thoughtless. But it's clearly positive from this market, I'm also a supporter of the movement they're creating, and I believe it's generating a lot of attention. But what if he goes against this market, as this can be released, but I'm just imagining the nonsense because Elon knows bitcoin and I believe he is buying a lot of bitcoins too.

I can say they uptrend was happen recently for this news certainly .The market was suddenly moved up with a huge serge when the Elon Musk make it up on twitter on the other hand Doge was become rise so fast with a huge amount of volume .Now the market is started to fall down and look like stable .

this whole situation shows that if someone influential does something it can cause bitcoin price to drop a lot or increase a lot. But we also have to admit that any exposure that Elon Musk creates for bitcoin can be advantageous... maybe more companies will enter this market if the rich are advertising bitcoin. so far few countries in the world have created good laws for bitcoin, we need more influential politicians to enter this market

Well the deal is he is not the old type of rich people, back in the day when people got rich you wouldn't see them, you wouldn't really hear about them aside from some newspaper interviews and eventually that was television programs but many very rich people didn't talked to press let alone even the people. Hell Jeff Bezos who is a new rich person is still like the old ones, bill gates is a fun guy from what I have seen and make jokes but he is still not talking with the press all the time, let alone people, warren buffet and all others basically rich people do not chat with you or me.

However Elon became the world's richest person and yet he is on twitter retweeting memes and jokes and captions, he talks BS all the time and he just trolls around all day. That is why he is influence and has that much follower, because he is rich but he is also kinda like us as well.

But to some extent, he is still useful as he brings knowledge about cryptocurrencies to popular culture. It is much easier to attract people to the cryptocurrency field when they have already heard something about them than just with zero first knowledge. In addition, a figure like Musk creates a positive image for the things he advertises.

I noticed some replies pointing to that comparison. I'm not sure short selling and consignment operations (or whatever you would call it) are an appropriate comparison. Short selling is speculation, whereas Tesla has an ongoing business operation with real cash flows.

I disagree with him fundamentally though. Stock owners should be able to do whatever they want with their shares, including lending them to short sellers.

I completely agree with you, but with a small (but critical) caveat - any transactions must be made with 100% reserve of funds, i.e. every shorter must have the full share when he sells it. But in fact, we are constantly dealing with fractional reserve operations, for me this is something very close to a scam.

New?

No, He has been tinkering with the idea of it for awhile now when he became the former ceo of doge back in 2019. ;D

But what I see with dogecoin rising to such heights is interesting because I have always seen it at $0.02 on any given day and it rising to $0.07 for anyone holding millions of this meme coin could of been super rich over night with the help of WSB of course. 8)
Last I checked earlier today it was trading at $0.05 so still hanging on from the hype that reddit group caused it to spike in price.
The next thing I hear they are planning on pumping is silver so keep an eye on that one as they were saying:
"From $25 to $2000 overnight!" on the WSB forums.

I tried to word it so I wouldn't be justifying naked short selling. I agree that naked shorting is unethical and shouldn't be done. As a matter of fact, the SEC made it outright illegal in 2008.

;D
I like that idea. What could they be talking inside that cell when they are together?
I am sure the other cellmates will go crazy first before them.

It's sad that everything top in crypto will move just because of them. I don't think that is the purpose of bitcoin at all.

The power of a hashtag from one of the richest men, ff course it might have an impact on the interest of the market because people think that Elon Musk supports and buys bitcoin. He is a fan of bitcoin and announced last month he is open to being paid in bitcoin as he considers that bitcoin will get wide acceptance in finance. No wonder why the price of bitcoin can persist above $30k and predicted that it will reach a new ath this month, hopefully could exceed $60k.

read more (https://www.forbes.com/sites/billybambrough/2021/01/09/elon-musk-the-worlds-richest-man-wants-to-be-paid-in-bitcoin/?sh=74850d64433a)

I do not really believe that at all, first of all this is not market manipulation because crypto is not seen as market right now, it is just a play money for many people at the politics level and they do not care about it too much, but even if they do, they don't control the market like they do with nasdaq or nyse because those are real markets they have control over versus this one where they have zero control over.

However at the end of the day if we could have some sort of unregulated market that means Elon or whoever influential could say anything they want and they would not be in trouble for market manipulation. Yet I also think that they do not have that kind of power, sure they increased it but when they promote it price would go up but when they end up saying something bad it will not drop it too much. The difference is when they promote it new people come in and buy, when they say bad things people already have it won't sell since they are involved and know it.

Yes, and to dump as well, so it's a perfect tweet from an influential person. Fortunately though, for bitcoin it was over, the effect was no where to be seen now, and the move to $36k-$37k is but normal. I can't say that with Doge though, clearly it was being pump by manipulators. So I wouldn't be surprised to see bitcoin attempts to break the $40k this week. We don't need influential politicians the enter the market as the increase might not be natural.

DOGE might not hold anytime soon but bitcoin will and even if it will dump at $20k, it's still likely to rise again. The manipulators can always play the game whatever coins they want to pump as with sudden price movement, that means instant profit in their pocket. If you wanna join the party or enjoy the party, always make sure if you are buying altcoins, it should be a coin with a good liquidity like DOGE.

When tending to play with the market then you should really took up these steps and of course you should really be wise on playing the game and choose the best ones rather

than risking into something which isnt really even worth for your money. Manipulation is always present and we didnt even expect that we would really be reaching these numbers.

Next step? Secure profits while you can and dont let yourself get caught with the dump.

Investors have this follow the leader or whales mentality, since the one promoting or making a hype happens to be the richest man on Earth it will definitely have an impact on the market and will make positive movement on the price, Elon Musk will have a big role on the bull run now, I hope many more people like Musk join the party.

I think Elon is starting to enjoy the attention he’s getting from pumping various cryptocurrencies. I think he’s starting to enjoy having his ego inflated with the power of having a very public presence. I don’t even know if he cares about crypto & at this point I think he’s potentially trolling. Not impressed tbh!

If people understood this coin they would never mock it. It is very well setup back by large amount of asics.  Very secure coin.
It scales 10x the speed of BTC.

I made some nice profit on it as I merged mined it and held it for 3 years. Then sold off most during this sunup.

I believe it could past 10 cents once the stimulus checks come in I think money will flow to it pushing it over 10 cents.

*just as I made some profit from the doge bull run...
Honestly, I'm pretty amazed at Elon's influence on Doge, I don't know how much it will Doge ATH price if Elon keeps doing that. *Doge's developers should thank him

LoL is very easy to trade Doge, it looks like TA has no effect anymore haha,
if Elon shrinks then DOge will go up, that's great, and it's true we have to thank elon musk for bringing Doge to Mars,
to be honest is everyone monitor elon musk twiiter  :D ? haha I'm like that too

Great job Elon Musk, you are really an influential person who exists in the world of crypto. Crypto holder are so happy of having the hashtags "Bitcoin" is it hyping the market but the question is, how long you've been doing this so we can prepare to sell it before the hashtags will gone.

I know that the effect is not permanent, the hype can be done soon looking just like a trap for a hunger crypto investor. But ain't gonna be wise to invest now since the market was still hot.

Did Elon join the party, he joined the meme and he loves the general use of twitter or similar platforms.   You cant buy these things when you rich, the attention and jokes is probably ideal for someone constantly busy like him but I dont know he has joined Bitcoin itself.   If he put even 1% of his wealth into BTC (and expenditure) then I'd be far more convinced but how I judge this is by the publicity and fun he gets which isnt about actual usage of BTC.    
  Elon Musk has hosted the meme review on one of the largest Youtube channels, a joke channel where its constantly about having a laugh.  That's his perspective, richest man in the world or not he isn't deadly serious about finance like how Buffet might give his opinion.   Im not a critic in any way on this but his involvement isn't exactly serious.   I'm bullish on Bitcoin when it involves the smallest people in the economy not the richest, its a low key thing but it matters way more to the base line growth of BTC where Elon tweeting is about froth moves in price.  We cant disregard either of these views but they are very different perspectives.

I think when it comes to Elon Musk's Tweets, Dogecoin is much more of an interest than Bitcoin itself. It is possible that it slightly influenced the BTC price, but when it comes to DOGE, its price has increased by several hundred percent. This proves how much influence his statements have on the cryptocurrency market.

tweeted by WSB and Elon musk at the same time I'm sure gonna have a huge impact following the GME craze that makes many people rich, of course some people will also trying to make fortune out of it aswell making the pump even bigger for Doge than BTC.
I've seen at that time people keep shouting to pump doge everywhere maybe that's what makes doge pumps easily to thousand percent

I also noticed that although WSB and Elon have stopped Tweeting about DOGE, the community is still trying to pump the price up. However, I am afraid that without the help of WSB and Musk, it will not be so easy. The price will probably rise a little more, but I do not expect an increase of several hundred percent.

I mine ltc as a profit. And I generate 350 doge a day as a free merged mine coin.

doge was as low as 1/10 of a cent.

I mined over 230,000 doge. since dec 2017. It was close to worthless so I held It.

basically it was worth about 230 dollars. it has gone from 0.001 to 0.055 right now.

I did very well with it.

I cashed out all but 50,000 coins at close to 5 cents .

Musk may have been buying  it for years. He could have 10 billion coins purchased over the last few years.

He could have had them in cold wallets.

Moves 100 million to an exchange lines them up to sell a million  at 2 cents, 3 cents  ,4 cents , 5 cents, 6 cents , 7 cents right up the ladder to 1 dollar.


does a pump sells in this run from 2 to 8 cents.

fills in the 8 the 7 the 6 the 5 the 4

when the drop happened last weekend then pumps again.

since his cost basis is 1/10 of a cent he will make money.

btw this is why I held my coins as i realized this could be done.

when the 1400 stimulus checks come doge will pass 10 cents.

Considering also that Doge is far more cheaper than BTC.

Elon Musk's presence is valuable to all those people who loves chasing the ride, they are monitoring known personalities that have interest to this market, once the person bring some good news the pump under will push thru creating a wide bull run attracting more investors to join in and begin the venture.

I'm starting to lose my respect towards him in terms of cryptocurrency. Dogecoin has no maximum supply so I don't see a reason to pump it. Someone out there might have a huge holding of it and can dump anytime they want. I'm curious what type of people buying it at current price. If Elon keeps tweeting about it for the next couple of days, it's possible to reach 10cents per doge. People who don't know anything about crypto will be at big risk.

It feels realistic that DOGE could make it happen because of Elon Musk's backing support tweets, I don't know why a sudden hype is rising every time Elon Musk is tweeting something but if it Bitcoin it will surely happen but in DOGE I surely am having a doubt that it may go beyond that, but the recent tweet have made a remarkable change with the price of DOGE here is the news.

https://www.youtube.com/watch?v=KSeVfHphNlQ

That's what I worry about in the short term but if you think of it this isn't just good for DOGE but it is overall good in the crypto space to be known in and be adopted by many. Elon is influential internationally and as the richest man in the world, it's just a matter of time we see a surge of influential people as well coming into the cryptocurrency space especially Bitcoin. HODL.

He "could have" done that but I am pretty sure as someone who is so closely watched by the SEC (so much that he couldn't even joke about Tesla prices on his twitter) I am pretty sure if he ever collected a ton of doge with his own money, then promoted it to make it go higher, and somehow manage to keep selling that much doge without making the price crash? Even if he does that, after that how is he going to explain his newly found wealth?

He is already richest person in the world so I am sure he doesn't need this but if he made even tens of millions of dollars from this (nothing compared to money he has) he would still have to explain it to SEC and they would see what kind of transactions he did and they would see his twitter and he would be punished for market manipulation as well. So long story short he can't do what you suggest without getting into trouble.

Elon Musk seems like a paranoid character nowadays when he is trying to play with people's minds and he thinks that every name that he will display in his bio will skyrocket just like his company Tesla's stocks. I would enter the markets with much precautions because it is someone's opinion we are going to follow and it is not necessary that we will gain something in the long run. Doge took years to see that range and it fell down back to 70 sats, these are some retailers playing big games to trap us.

Be careful with DOGE, it’s a memecoin. It’s being artificially pumped at the moment. You need to be really careful, sure it may go to over $1 but it’s just as likely to dump significantly. Don’t play shitcoin roulette, stick to bitcoin.

I am also not impressed with him but today I was looking for few things and have this address which already hold 36 Billion dogecoins some saying its belong to Elon I am feeling he is doing this all for his own. https://blockchair.com/dogecoin/address/DH5yaieqoZN36fDVciNyRueRGvGLR3mr7L

Isn't that a problem of these people?
Sooner or later, they will have to figure out the issue (if we assume that the crypto will be in demand). If they have to sort out the issue after some losses caused by their ignorance, then it will only be their mistake and no one else.

It's an obscene amount. At first glance it looks like an attempt to corner the market a la the Hunt brothers, but then why no attempt to conceal the accumulation and split funds across addresses? It's like the holder is making a boast to us, "behold the king of Doge". That's a statement one could definitely see fitting in with Musk's ego.

I guess it could also be another party playing off the Musk thing, but that is a very expensive gambit. Even if they were all bought at .2c, that's over $73M invested.

We still can't say if the billion dogecoin belongs to Elon or not, as he is not admitting anything on public whether he is a bag holder or what we have been suspecting all along, he is just trolling us with his tweet about doge.

And then FOMO sets in, as for if he cares about crypto argument, the guy has so many plates in his table and I doubt that crypto will be his concern at this point.

Either way, all of these theories accelerate FOMO around DOGE.
Whether Elon is the biggest DOGE owner or not, his behavior reminds me of what John McAfee did a few years ago. McAfee's story ended when it turned out that he was doing coin pumps for money. I'd rather Elon do it for a joke, or even for himself, than for contract money.

McAfee promoted scam projects, fully knowing that there was a very high chance that anyone who listen to his advice would lose all their capital. His case is a classic example of someone using their celebrity status and (previously) clean reputation to promote scams. I feel bad for everyone who lost their money.. but then I hope that they have learnt their lesson. In a decentralized ecosystem, you are on your own.

On the other hand, Elon is someone who is honest to the core. He made a controversial statement many months before regarding the Tesla stock valuation. He said that the stock looks overpriced (which was true) and the share-holders (including Elon himself) witnessed 10%-20% of their wealth wiped out in a matter of few hours. He never made any statement, in order to increase his wealth. His tweets only resulted in wealth reduction for him.

It sounds like he realizes that crypto investment makes better results.

He is promoting crypto now and that he loves wearing it below his name on his Twitter account. He does the hypes, we are also benefiting from it but for sure, he also benefits more than what we got. I suspected him like a bag holder, not only for Doge but also Bitcoin, I think. I may say that he finally understands how crypto works and who will benefit from them.

Elon has continuously showed us how much he can control the market with a simple changes to his social media accounts.  

Truly believe Elon has been stacking away his own crypto at a lower price and is now pumping it for his own gains.  

Just wish he would focus more on the pumping of Bitcoin and leave Dodge coin alone.  Its only a memecoin and I really think its hype will slow down soon.

Nobody proved to McAfee that he promoted scams. He simply made pumps on the coins that the developers paid him. I know it's not fair to compare Elon Musk with him, but the fact that they are kind of celebrities in the world of new technologies is the link between them.
I just hope that at the end of this story, Musk doesn't get the same opinion that McAfee has.

There is no absurdity in BTC rising to new highs, ATH's etc

All the rest mmmm lots of absurt prices indeed...



"Circulating Supply
128,289,785,324 DOGE
Max Supply
--
Total Supply 128,289,785,324"


This only can go one way --> disastrous :/

Couldn't agree more, it's pure manipulation of the mass. People know that such announcements/posts from someone of influence have massive effects, especially in Doge, which is a meme coin with no actual purpose. They're taking advantage of an opportunity that won't definitely last long, and may or will definitely crash at any time.

There are others who are still buying at this tremendous price, I find it stupid and way too risky.

Tesla invests $1.5B in bitcoin! :o
Musk has outsmarted everyone again! :D Second time pumping bitcoin... That's what he tweeted last time!
I wonder, maybe they will invest in DOGE too? ;D

Wait a few more hours, let everyone know that Musk has loaded in BTC. The pump on DOGE is about to end and all funds will be transferred to Bitcoin. Now the Bitcoin pump will run for a week or two up to $100k.

Just be careful, about your money.  They can easily sell immediately and buy-in dip. I happy because the big company like tesla invest in Bitcoin with a huge amount but I'm also worried that they can easily manipulate the price

I missed dogecoin again..

Unfortunately the increase in doge can't be sustainable but that has been the case for GME as well, those people who get hyped with the famous people and "all togetherness" feeling will eventually have to lose and that price will crash a lot, it is going to go under 0.003 for sure, there is a chance it could drop under 0.001 and that scares me a lot, 0.003 is understandable drop but if it goes down even further that is going to be a bit of a challenge for sure. At the end of the day dogecoin is in a big bubble, but why should that be bad right now? Many people made a profit from it and everyone who bought earlier could sell for 3x and more prices right now making a great return.

Of course it "will" be horrible for everyone who bought high and that will end up with a horrible fall for them but that hasn't happened yet, which means everything is great so far in doge, obviously it will be bad, obviously its going to be horrible, but for now it is great.

The word "Elon Musk" is a big thing in crypto market. I am just amazed. Back years such big changed was happened in crypto market by John McAfee. But we can not see his name nowadays as like Elon Musk. :)

And yeah I will always suggest Everyone to don't trust blindly something in crypto basically. It’s always better to think in cool mind before making any investment. "Don't be FOMO"

Got to give him credit for being more then just a meme on Crypto involvement.   If he accepts BTC for payment, he will also be hoping to use this as payment or in exchange on some expenditure to make the actual cars I expect.    When Virgin Galactic space trips offered to take BTC i think they were straight away converting it to dollar, it gets more interesting if Tesla is going to use BTC as an actual floated currency on its balance sheets rather then just dollar or the dollar tether system.

https://www.cnbc.com/2021/02/08/tesla-buys-1point5-billion-in-bitcoin.html

Yes, don't be FOMO, because it's so dangerous and huge pontential your asset will be stuck. But I think we can't deny that everything that Elon Musk mentions always pumped, so buy as fast as you can after you read his tweet and only using side funds.. Never ever all in all your money into something vague

I told you he is a paranoid character and see, he bought a billion and a half USD worth of btc and showed it off, causing the exchanges to break down due to so many buy orders coming in and many exchanges were unable to handle them. This fomo was even worst than the 2018 price hikes and looks like it has opened the doors for btc to get over 100k in no time if such personalities will publicly release their investments.

I thought the public have already learn and matured on this kind of news, when there's a FOMO it's easier for the market to manipulate. Thing is, we look like amateur investors who easily follow what the whales are telling us to do, with that, it gives them easy money and they'll be able to cash out pretty soon.

You haven't written that you are talking only about the cryptocurrency market, and that's good! Because such news affects all financial markets in the world. It is on this type of information that share prices and fiat exchange rates depend. Welcome to the high seas of price manipulation.