Bitcoin Forum

First things first, I'm not a fanboy and I do not consider Elon Musk as our ultimate savior/supreme leader, I'm just looking for a buying opportunity.


So, without Elon, Doge and other related meme coins don't make a single move, and the recent pump caused by another tweet of Elon is the proof, but there's something that is blowing my mind: the remote possibility that Tesla could accept Doge as a payment method, and that could cause a massive rise.


I do not wanna appear like a fool who really think that a poll on Twitter could be a good source to know what's going on in Elon's mind, but other companies apparently had the same idea (AMC entertainment), so I was thinking that such a move by Tesla isn't so improbable, even considering that Elon is completely crazy and surely cares about profits, from the moment he owns the coin.


So, what's your opinion about that?


P.S: I have seen a lot of hate towards that guy and it is completely understandable, but please, do not blast this idea just because you hate that guy, you can freely criticize my idea but with serious comments.

Stop expecting too much on that kind of coins mate if you really want a good return after all. Because they're known for hype only wherein always plunges back to the dip especially when those people behind the project already gained enough profits. So be smart mate, and you know what.. Why not NFT'S? these are very popular nowadays and most of them were at the top since the very first start, so you better switch to nfts if i were you. Whereim stop believing in meme coins as well because they're trash not a good investment.. Think about it..

That possibility is already done long time ago. During the hype of Dogecoin, Elon and his companies should have accepted it already if he does believe in the project.
But, to tell you, he's just pumping it for his gains, and just as the usual about Dogecoin, it's only a meme coin and no more than that. He won't accept it with his companies and the more possibility of being adopted is bitcoin.

Ok lets look at the perspective;

First, he pump bitcoin saying that he is going to accept it, and yes he did, unfortunately, he change his mind, then turn this so called green and clean energy. So the price dumps, but later we found out, that he has motives behind.

Second, he then goes to twitter, asked his followers if Tesla are going to accept Dogecoin? Not sure about the results though, but it seems another pump on his side.

So most likely yeah, it might have a big impact on the price of Doge, if ever he will accept it as payment and could cause a massive spike, but as far as if it going to be short or long term? I'm speculating that the pump might not be sustainable.

Elon musk definitely have influence beyond Cryptocurrency. I recently view Elon talking positively about Cryptocurrency and how US should not stiffen innovation by over regulations of Cryptocurrency industry. As for Tesla accepting doge as a payment,  I think Elon will do what is best for his company. The speculations for me does not hold because of many factors that will come to play in deciding such matter!

as I know he is a bit fickle indecisive and just for profit ,followers may have been blinded by their belief in the big boss CEO tesla his talk can make us hypnotized with more than 60 million followers ,but if doge can pump up $1 chances are everyone will smile saying Elon is a magic person some whales will play price

Here's my theory regarding connection between Tesla, Elon Musk, Bitcoin and Dogecoin:

First of all, Elon announced in March that Tesla would accept bitcoin as a payment when market was on correction and than take bullish rally to make new ATH. In the meantime, he was shilling dogecoin in the community. All on a sudden, Elon announced in May that they'll remove bitcoin from Tesla's payment list and huge correction started in meantime. Looks like, he was well aware of the market condition like it’s going to take bullish rally or correction.

Again in July, he announced that Tesla will resume bitcoin as a payment soon and market started to recover from correction zone in the meantime. Even if tesla make announcement to accept dogecoin as a payment, than it would mean that market could take bullish rally in the upcoming days and he's also aware of it. So this time, he bets on dogecoin to pump it upto $1 or more for his stans.  ;D

This is just a theory for them who still believe in him. Like others, i still believe on my TA+FA rather than those tweets.  ;)

Hoping and believing on his possible tweets is not a sustainable approach on this market. As you have no idea when he will make announcement or tweet about something on doge or bitcoin, you are left hanging on what to do. So if you don't want to be restricted with your decisions based on his actions, then, just do your own analysis of the market and look for other promising alts to get involved with. It is not only about doge or other meme coins that you can make profit of, there are other alts worth holding.

Elon is quite influential to the Dogecoin movement, it is true, whether we hate him or we don't, we have to admit that he is the reason on why Dogecoin went up and where the current state of Doge is right now. I don't think that Tesla accepting Doge would cause a massive rise, Doge's price would increase for sure though as the bullish season starts.

Elon is quiet for now but I’m sure he’ll make a statement again to support DOGE, and as you can see in the market SHIB is getting better so who’s next? I’m probably sure you all know that DOGE is the next thing since its the top meme tokens, its just a matter of time before DOGE to pump again, Elon is not leaving DOGE yet as far as I know.

If i was the important person from a Big tech company, accepting shitcoin like Doge would risking the financial health of the company. It would opposed by most of the stakeholders, and almost impossible to do.
Except the Tesla converting Doge after receiving every payment that paid by Doge, but its would make extra work and still risking the company financial by trading fee and manymore.

Majority here will not be surprised if Elon Musk accepts Dogecoin to purchase his Tesla and i am expecting these news to come out in a couple of months so that they could yet again reap a huge profit shilling the coin before the bull run ends.

If you invest your life savings thinking he is giving investment advice and you end up loosing money, what would be your response. You will trash him and that is the genuine response he is getting because he was clearing manipulating the market.

I doubt it when there's no one listen to him on shilling this meme coin on Twitter, the last option to him so that makes his Dogecoin pump and make hype will possible announcing it publicly that his Tesla company accept Dogecoin.  Like Bitcoin when he announced that his company accepted Bitcoin and Bitcoin price begun to raise up.

IMO, I don't care.
I know Dogecoin will not make any move without him, and the time comes people will learn his trick, and nobody listens to him anymore.
Let him be, until such time people will realize that they are under influenced by him and start ignoring all of what he said.

https://twitter.com/elonmusk/status/1392030108274159619
https://www.indiatoday.in/technology/news/story/elon-musk-puts-twitter-poll-to-check-if-tesla-should-accept-dogecoin-and-this-is-what-it-means-for-you-1801690-2021-05-12

The poll results shows up the interest on adding up DOGE but look at on what Tesla made or decision? They arent still making any movement
but for sure there would be some considerations.

Doge is a pump and dump.  They're trying to polish a turd.

In my opinion Elon Musk will never accept Doge because he knows it's a joke.  I think he was just trying to help pump some bags in order to 1) grow his fanbase, & 2) help his fans make some money so they can convert it to BTC and spend it on a new Tesla.  I'm sure any Doge Elon himself is holding was purchased for well under a penny, and before he started manipulating nocoiners into dumping their life savings into a shitcoin. 

that's for sure, because until now doge is not a coin that can appear different and able to stand on its own so it can be relied on. without it, it is impossible for anyone to accept a doge for payment, let alone a company Tesla .
and will have no effect on the doge if done and will not surprise anymore.

From the start, @elonmusk didn't make any purchases of doge, he just wanted to buy shares from doge with the aim that the price can be cheap and he can enjoy clear profits, it will definitely be obtained. @elonmusk used the power of his followers to influence and succeed, but that won't be the case in the future.

it's clear that Tesla's class will not be able to do something very risky, very high, if you want to accept payment using doge. because obviously doge is unreliable and it is possible that when a payment occurs the price will drop drastically. what is clear is that tesla is smarter and will of course only accept payments that will be profitable now or in the future and only on bitcoin can be trusted.

Investing on doge coins is like gambling, we al already know this coin has no use case at all and just meme coins. But people still buy it for gambling. The people who buy it are speculating that this will be pump in the future and get profits eventhough they already know this coin is not worth investing.
So i think if you want to buy this coin, make sure you are not putting a lot of bags here and hoping the price could pump speculately. And for long investing it's not worth at all

One key thing to look for with meme coins is its network effect. Most meme coins have next to zero network effect, however what separates DOGE is that it has gained a wide network of holders, and users over a long period of time. Unlike most other meme coins, it is constantly being added to various platforms as a legitimate payment method and gaining new forms of utility over time. While I don't personally advocate for meme coins, there are factors at play which can be used to determine the value and longevity of some meme coins relative to others. If any of the meme coins are going to succeed long term, DOGE is the most likely candidate.

If Tesla accepts Dogecoin, what do you expect as a result? I expect that not a single Tesla unit will actually be sold using Dogecoin. Tesla once accepted Bitcoin and I am sure their demand did not experience a significant surge because of it. So if Tesla accepting Bitcoin was not that big of a deal, then expect that Tesla accepting Dogecoin is not a big thing also. Elon Musk knows that Dogecoin is a meme coin. It is only made for fun and Elon is making fun of it.

Personally I don't hate Elon Musk, I admire him for his innovative ideas in automotive industry, space sphere and sphere in the development of artificial intelligence and neural networks. But in terms of cryptocurrencies, he is just a speculator and manipulator. There is no doubt that he bought a lot of dogecoin and then started advertising it to pump its price, and actually he succeeded to make money on it.

Tesla cancels acceptance of Bitcoin as a means of payment, how can doge be the next choice? Of course it's just a joke to elon, and some people will panic buy a doge and hope for a profit.

I don't really think that Elon Musk will do it someday. He will stir up interest in dogecoin by saying that he is about to accepting doge for tesla, but I don't think that it will really happen. Dogecoin is useless and boring in terms of technology. I am inclined to believe that he will accept bitcoin rather than dogecoin for Tesla, when bitcoin becomes greener like he said.

Because they know that it won't add up any value to their company. It's just a meme coin and they shouldn't really add it to their payment method. These polls mean nothing and it doesn't really voice all of its customers. It's not a surprise that they might be accepting bitcoin again but in terms of Dogecoin. Well, if they add it up then they have the balls and they walk the talk but it's been asked before and now it's just all about another way of manipulating the market because he knows how to do it with such schemes.

Maybe Dogecoin does not have a chance to rise again after Elon is not say anything about using Dogecoin for his company. And we do not know if the investors are still behind on Dogecoin and have a bit of Dogecoin like before. Elon uses Dogecoin to gain popularity and after he gets it, he leaves Dogecoin without anything. Maybe he prepares the other coin to get more popularity so be careful.

I would never have believed that DOGE would grow like this, Elon Musk is a good promoter of coins, but his words often make things fall down as well. I don't understand why he needs it.

What do you say buddy? Have you never seen the market in the past or in previous years so that you can make a little comparison with the current state of the cryptocurrency market, because in the past the price of Dogecoin was only 20 satoshi, whereas now the price is much different and it is not a bad thing.

I think this coin will just be a game for people who have more funds. More likely to be unstable, can plunge suddenly and unpredictably.

Indeed, that's why i already said that still believing on my own TA+FA for doing trading or investment. Basically, influencers won't do anything without their own benefits from the market. So best to stick with our own TA for picking any alts or investing into new projects.  :D

I agree, that it doesn't matter what the current value of Dodge is (no value at all in my view) if Tesla or Elon tweets about accepting Doge as payment even as a joke, it will still pump the price even if it may be a momentary pump.

People are too clingy and they'll cling to everything that they can, and Elon's tweets have so far been successful in moving markets which is why if it was to happen again it would be no different - the market will move!

Indeed very many are not happy with the actions that Elon Musk is currently doing, of course there are certain reasons why they are not happy with what Elon Musk is doing. The pump against Dogecoin is out of control, even I think it reaches 10k% pump against Dogecoin. This causes most of the other coins to drop. But I think positively in this regard, the bull run in 2021 cannot be separated by the actions of Elon Musk. Of course there are positive and negative sides.