Bitcoin Forum

Elon Musk again! What will Elon Musk do next? I think if you follow him closely, you will make some money anyway. hahaha

https://www.coindesk.com/dogecoin-elon-musk-tesla-transaction-efficiency

You will lose your money in the long term, please understand that he is manipulating the prices so he can get benefits from it but the price of it is really huge in future the doge coin will die just because such kind of influence if he is having over a coin for long term.

Nowadays Dogecoin is changing from memecoin to being a pump and dump purpose, elon use his power to manipulate the market with his tweet.
As long as you do not buy during the pick season, it is still safe for the long term but not later than the end of this year, I bought it at $0.05 and so still safe to hold more time.

Yeah I know, totally agree. Should be safe if we join earlier. For the scalper just buy depend on the news but only for short term.

There will be an announcement will be coming from elon after he was working with the doge coin developers to increase the efficiency and then doge coin will be accepted as a new payment to buy tesla.
I have a serious question about this. Elon was mentioning he was working with the doge coin developers to improve the capacity of coins and with who he was working on it?
We know that the doge coin developers already retired since a long time ago and there's no party that control the doge coin right now.

Still much lower than what I bought it for. But I'm just going to wait. There were and will be many such statements that would try to influence the crypto market but overtime, almost all of the popular crypto currencies has broken their all time high to create a new one. Though I have to admit I bought Doge on the bad time. Would be selling it for CP as soon as it hits.

The best thing to do is to have a plan in three phases short , medium and longer and can proportionately allocate the money. If you make good money in short term due to volatility then it can cover your cost for longer term and do not have to worry even if its dips in future. Though I do not think that it could have a drastic fall in coming years.

Just unfollow the guy if you will, he just showed his true nature this time. Yes he's a successful one but I don't think we should follow him in terms of any financial matters involving crypto, he's not a financial advisor.

Nothing more that "ironic" market manipulation

Elon Musk and his tweets can make you FOMO and can make you panic. Do you think deeply about this tweets after what he does with Bitcoin?

Support, adopt it on Tesla, reverse the adoption. He can do anything he want with his company and his Twitter account. Fortunately, you are the only one can control your decisions. Why Dogecoin but not other coins, not Bitcoin?

I wonder if the higher ups of those company including stack holders actually agree with the idea of accepting coin that's volatility far above bitcoin. Like if you think about it, bitcoin is like symbol of wealth, digital gold it's kinda suitable for automobile company to accept it, but doge coin I mean really?
Well, I think i'm just overthinking anyway, it's not like that much of people gonna buy tesla using doge, the buyers gonna be some outlier for sure and not just ordinary people could buy that car.

Elon Musk is the new attention of crypto, he has overtaken everyone from satoshi to McAfee and Vitalik to Craig Wright.
He became a crypto hero overnight, a dogefather and after dumping bitcoin an enemy of bitcoin. But even though he be the richest person in the world, the current market is not fully reacting on his action. He have sent more than 3 news trying to boos the price of Dogecoin since last week but the prices are still the same as last week.

I'd never buy Dogecoin even if it will reach $100 per coin. This coin has been hijacked by the snake manipulator Elon Musk and I don't care what's happening with it anymore, in my eyes it's worth 0, is pure garbage pump and dump. A lot of you will get musked in the end, oh yes you will.

Then what is the point of investing, its even worse than keeping your capital in a bank account that is why don't be a food for his greeds and make your decision wiser. Of course you can make money with short-term volatility of doge because it is the only coin that bumped in last 24 hours in the top 10 marketcap list which shows how much manipulation is involved.

I also think that Elon turns into McAfee in this period of bullrun. Hopefully he won't follow McAfee's footsteps and turn into a joke. The sooner he stops this meme hyping tweet, the sooner retails would realize they've been played with.

Sadly people only learn after they lost their money, which allows garbage projects to survive while those with fundamentals keep getting dumped. God knows whether this improvement will really make DOGE a better chain than before, but they'll fail to continue the run if hype is the only thing that they're good at.

Another manipulation is happening, looks like Elon is now focus on DOGE after he dropped bitcoin with his announcement that Tesla will stop accepting bitcoin. This is very obvious, we should not fall for this trap as the next thing that will happen is a big dump. I'm afraid that DOGE will become a pump and dump coin now.

Don't follow the FOMO guys!

Tweet positively about one crypto currency, the value increases significantly. Wake up next day and criticise another currency. Value drops by billions. Pure manipulation.

I don’t think he’s the sole controller. He is one of the richest men in the world and every of his tweets affects any market (positive or negative way).

It's all about pushing negative information about bitcoin to crash the price and then he start buying again, that is his intention. Unfortunately margin trader will quickly sell off and incure losses. But if you are a long term investor you shouldn’t look at that.

If people understand basic investment, financial and technical analysis, Elon's statement wouldn't be panic to them.

I think Elon Musk is a Government agent trying to take crypto down. He doesn't give a flying fuck about bitcoin, doge or any other crypto. I am not even sure if he really cares about his own company Tesla neither. Might be that he is just a face for the deep state.

And now the muppet has just bored of this play and going full Joker on everybody.

Acting this extreme lately I wouldn't be surprised if something happened to him.

I think one of the guys, Billy whatever, he's been active again since last year's Tiktok hype and he's been giving a lot of interviews and even responding to Elon himself on Twitter. Guess that's the developer he's talking about. Elon thinks this is so technical though, it's nothing like that in crypto;)

Correct he is a part of the elite and who knows what others are telling him to do, he may be just a puppet acting according to other's orders. Poor guy, he's a billionaire but what's the use. It's not all about the money in the end.

yes of course but for me seems not good at all when it comes longterm because there's a high possibility it will turn down again such what happened recently with dogecoin because of some sort of issue around the internet from elon's .  Right now there are some FOMO but soon when it shows a negative result for sure panic selling will happen again.. Too good to be true.. This doge is good only for short term.

I think the outcome of the discussion between Elon and Dev DogeCoin will be hot news. Obviously the latter will be even more tense when Vitalik does not accept Elon choice, there is a good enough potential to be exploited by other parties such as the DeFi project which rises and changes market prices. We have seen the YFI Token exceed the current Bitcoin price easily in a flash. So there is a possibility that after the friction of the two figures above, we will get a new impact from the problem. time for DeFi to mediate.

Elon Musk still cannot stop and still advertises Dogecoin and this is certainly good for those who invest in Dogecoin, since when Elon Musk writes something about Dogecoin, in same time Dogecoin price immediately starts to rise, but for Elon Musk all these Dogecoin advertisements can again bring problems as it was recently with the SEC and therefore he should stop doing this, but he still continues to find new troubles and if SEC will want they will again give new troubles to Elon Musk.

So people are still falling at his words and creating FOMO.
This is a good one to watch people would surely cry again and troll his post when the Dogecoin drops down again.
Anyways congratulations on those who had bought Doge at it's lowest price before the tweet you could already take your profit or wait for more.

The coin is soaring again and as bitcoin balances itself from the refusal from Tesla, the crypto market is again in bullish mode. And with Musk promoting Dogecoin through his rocket and commitment to work in making it greener, there's no reason for Dogecoin to fall. It would easily go over $1 within some months. Meanwhile other alts and bitcoin is also largely bought and held which may make them boost as well.

Meanwhile, U.S. cryptocurrency exchange Coinbase announced it would be adding DOGE to its suite of crypto offerings in six to eight weeks, likely due to client demand as has been the case with other major exchanges.

The only thing there is knowing the timing and understand the sentiments, Elon Musk is really moving this coin

and all those who are working behind him are really aiming to earn from each post that he's writing, thinking that

money will be easy flowing once he make his statement. be wise and play wisely, shorting really appropriate with

with this asset.

Demand and supply is also one of the factors that influences the price. Bearish news will trigger sell off and bullish news will trigger buying. It is the community (traders) that control and determine the price, whatever happens in the market not Elon musk.

there could be a spike that is crazier than before as followers start claiming that the doge will hit $ 1 in recent weeks. maybe like that we can get benefits if we join there but for the long term I don't think this is promising :) the risk is too heavy with manipulation like this if we are not observant and can't take advantage of momentum properly, instead of profits instead of losses.

Honestly even though dogecoin is increasing, we are talking about 53-54 cents which was 71+ cents just recently. So, I could easily say that the SNL thing was the problem, no idea why it was a problem, he went on national TV and talked about dogecoin and that seems like a good marketing for a coin that went up just with a tweet, it should have gone up even more with SNL, some reason it didn't Ever since this whole thing started I have constantly say that I dislike it, I never liked dogecoin aside from the funny aspect, never seen it as financially viable option to buy (big mistake as it turns out) and I will not do the same mistake, maybe buying from here is a good idea, who knows.

However I am certain that it is reaching to levels where even Elon can't make it go higher, not now of course, he can still make it 1+ dollars, but I do not think he can do any further.

Data from BitInfoCharts (http://Data from BitInfoCharts) as of May 4, 2021 indicates that approximately 2,866 DOGE portfolios are valued at $ 1 million or more each – up from 1,321 from April 23. As of May 14th, 2021 that number has increased to 4,153. It’s not a meme-based crypto. It was a joke to make fun of bitcoin which also was a joke at the time. Neither of which are jokes now.

it seems that Elon is pretty serious in advancing the developments for doge. now that he announced about suspending the acceptance of bitcoin in Tesla. maybe, he is targeting doge as alternative option for bitcoin. his influence in doge market is really obvious and right now, he is somewhat establishing the use case of doge in the market. people are claiming it has no use case, just a meme coin. but it may turn to be a valuable alt in the payment sector owed to elon musk. so yeah, $1 maybe is the next target here.
and right now, doge is getting expensive in terms of withdrawal fees in exchanges, like for example, paying 20doge as withdrawal fee which is about $10 with the current rate. i hope this will improve if Elon's team will indeed address the tx effiiency.

What a hypocrite, CZ of Binance already unfollowed him on twitter for his manipulative and spreading fud behaviour. Don’t expect much about Elon, he is a disaster in crypto space and people should stop believing in him not unless they like his twist and turn.

If we are planning a long-term investment in Dogecoin it is very risky, and it is not very promising to invest in meme coins that do not have
strong fundamentals. So Dogecoin is indeed a lot of manipulation by Elon Musk, we can indeed take advantage of what happened to Dogecoin,
but only in the short term. After successfully getting a profit from Dogecoin, we should immediately take profit and get out of the market.

I'm following the news and his tweets but I don't follow the advise that he gives. It's just for the sake of his choice and even I'm not making money with what he does.
I'm still on his day to day tweets. And with such tweets, it's always expected that there's always a movement, drop or rise whenever he says positive or negative about doge or bitcoin or the entire crypto market.

Well it might be really nice for some people now as they are able to make profit from the price manipulation. But I think it's very bad. Yes, although I can't really tell whether he's the one that's behind all that as people do say, because I don't follow up with things that are happening in the dogecoin community and I don't invest in it (I'm considering investing there though), but it's very bad if one man can be manipulating the whole community/market easily like that. It's not good.

That means he can just do anything at any time to make profit and cause others to lose. That is one of the reasons why I like Bitcoin because no one can come out and easily manipulate the market because it's already really huge. But all these small coins like dogecoin can be manipulated by rich guys.

Haha, it sounds like Elon Musk is a philanthropist, but please think twice, he is a capitalist, not charitarian.
If keep listen to his word, i think you will lose your money sooner or later.

Would this be a sign that the meme coin is now successfully being handled by Elon's team? Did he contacted the initial developer and made new deals to make some changes in DOGE? I think he is now having some manipulative tactics in ensuring that he has control over the cryptocurrency. If you are late in DOGE then I would suggest not to enter for the meantime since it will be a rough ride of ups and downs with the said coin courtesy of a master manipulator.

I found that childish. CZ is a manipulator himself. Not that I like Elon but CZ is the shit head that tried to rewind the bitcoin blockchain when Binance was hacked. If either was on fire I wouldn't piss on neither of them.

it does have a very high level of risk and only benefits the whales, while the small traders who get caught by the DogeCoin pump are downright pathetic. I still won't try to be a FOMO chaser, because that's the root of the problem in crypto trading.
start building long-term investments, because they are more effective. and choosing the right network for the future is very important from now on. and I'm on my way to the DeFi stream. because in times of sharp decline the DeFi project started to go up and made some pretty promising offers for the future.

If you yourself is clever then surely you can beat any Musk. I mean use the advantage of the current situation.
I myself made huge profit and all thanks to this cute Musk.
I bought doge at 400 sats and now it’s 1100 sats and i sold it.
Didn’t i make a wise decision? We should always take the advantage if possible.
Yes it might be not good if you think to hold Doge for a long, but again this will vary from users to users.
So it’s better to get a bite when the food is left alone.
Moreover whenever Musk does a tweet regarding DOGE, you should conclude that it’s right time to buy it and sell it in slight up price.
Hope this will help someone who is reading the post.
Good luck to us.

I believe the say it is "Buy the rumor sell the News" so as to at the time you hear or see the tweet, the market is already turning if it is something that will negatively affect the market.

To your other point, I believe too that we can take advantage of every market situation whether going up or coming down but my general concern is when individuals like Musk believe because of their financial status they can manipulate the market the way they want which actually they cant but we must learn how to take advantage of the situation.

I'm much more concerned about the short term. Nothing last forever even the tokens with awesome use case and long-term potential still go through the market correction and price fluctuations. I'm of the opinion that its best to take advantage of the market and earn as much as possible, the bull run would be here forever.

This is it guys. These simple words will make you realize that if you are following his advise and you apply it to your trading or investing strategy, you'll get lost.
As for me, I'm following him but that's just for the sake of updates so that I know what I shall do.

There are a lot of people who prefer following Elon Musk's tweets and buy Dogecoin, for me this project is worthless, however, to tell the truth, some people have earned great money from this project. Without the post of Elon Musk, this project has no chance to be successful. It is better to buy any coin at a lower price and as you above mentioned people are so lucky who buy Dogecoin before Elon Musk posted. But as l said this investment is so risky, everything is possible.

I think so. You must also see binance exchange site and i got a bit surprised about how it was adding a garbage coin without any utility usage like SHIBA. That means if these exchange sites were adding both based on the demand from the users.
So many users were requesting them to add those coins to the exchange sites.
The major exchange sites have no choice other than adding them to their exchange site. This must become the main concern.

I have seen the manipulation publicly, just the day before he spoke out about Tesla not accepting payments with bitcoin and then backing doge coin again. Does this make you doubt it? I've put my whole heart into the current doge coin, even though I've made quite a bit of money with it, but I'd advise new entrants to dig through everything before realizing your stupidity in this market.

Right now I'm just following the hype, when elon say something good about DOGE. I immediately bought the coin and try to take profit 5-10%, i already did 3 times and lucky me i never Loss when i bought doge.

Got some Doge. Elon is hilarious but also everything about this is almost parody/trollish. We will see what comes out of this.

I think bad things are about to happen for this coin, I see Elon is showing some blasphemy in favor of doge but not BTC, I believe this will be the last time this game is over, and many people will panic in the near future with dogecoin, I believe.

It is difficult to classify these manipulations as trolling. Bitcoin market cap went down by almost $200 billion, and around $40 billion moved to Dogecoin as a result of this manipulation. Overall, the cryptocurrency market cap has gone down by around 10%. The amounts involved here are huge, and I don't think that we can overlook the intentions of individuals such as Elon. But I am sure about one thing. Bitcoin will survive these chaos, similar to what has happened many times before. But I am not that sure about the altcoins.

I got some when the bearish trend of doge was happening last a few days ago due to the U-turn on the bitcoin by elon. The meme coin will always give us parody and elon was also making bunch of shit scam meme coins appearing on the crypto market.
After elon was shilling for shiba and so many fake doge and shiba came to the market. I do believe another announcement about doge coin will be coming from elon to the market.
Elon will never stop to shill doge until $1 = 1 doge coin.
There will be lots of billionaires lol.

he won't stop shilling but the question is, can his shill power would last? I believe slowly people are realizing that DOGE is just hype and though it will reach another ATH, it has no future as there are no fundamentals of this coin, Elon and other billionaires will benefit it, but most of the investors who FOMO will eventually lose money.

I wonder if Elon Musk knows he can't just change the project. Of course, he can have a hand in improving it, but I doubt he will undergo this democratic process of a cryptocurrency like Doge. More likely he will fork Doge to let the changes take effect. Then there would be a "Doge Classic" and a "Doge Elon".

- Your strategy is quite reasonable with such a project full of bullshit and manipulation because for almost every news release, its value always has recovery levels that are within the profit range you mentioned, so when we understand this process, quickly surf and retreat will put us in a safe and unbeatable position. While trying to stay closely involved in the project for a long time lacks stability and is more risky when Elon Musk is an interesting person and has plenty of time to add more color to our faces

The majority of doge supporters were blaming the bitcoin supporters caused by this thing.
So many people can't enjoy this humor dude. This likes a way between bitcoin community with elon musk. There are lots of FUD were coming to the bitcoin caused by the elon musk tweet.
So many people got misleading caused by that as well. Bitcoin must face worst situation at this moment.

Don't you think you are being fooled by Elon? look days after that Raging growth of Dogecoin https://coinmarketcap.com/currencies/dogecoin/ Now it is close dropping to 20 cents level again.

This only mean one thing , That Elon is just playing the market and making fun of all the people that stupidly following His tweets and posts .

Today I looked through Elon Musk Twitter account and saw that many of his followers accuse him of following his advice and losing their money. And meanwhile, his number of subscribers is increasing by 100 thousand every day and has already reached 55.7 million people. This means that the number of those who will lose their money in the future, following the advice of Musk, will only increase.

LOL.. during the last 10-11 days, Dogecoin has lost almost 43% of its value against the US Dollar. Elon's reckless tweets destroyed the cryptocurrency market, and along with it Dogecoin was also dragged down. The Dogecoin investors will be cursing Elon now. And there is also some FUD coming from China. Similar to what happened with such incidents previously, I don't think that the effect of this FUD will last for more than 2-3 days. So we'll be back to 40-42K within the next few days.

Elon Musk can't seem to stop himself from promoting Dogecoin, which is great news for Dogecoin investors since whenever Elon Musk writes something about Dogecoin, the price of Dogecoin rises at the same time. Musk believes that because of their financial standing he can manipulate the market in any way he want, which they can't. Point is as a trader you have to learn from previous data how to get the advantage of it. Not long term, just short term.