Bitcoin Forum

Once again Elon Musk is in the news in relation to bitcoin/cryptocurrency and once again he’s proving he’s full of shit. Personally I can’t figure out if he’s just that ignorant when it comes to cryptocurrency, because he has said a whole lot of stupid stuff in relation to it, or if it’s just manipulation, which we all know he’s very good at. Overall I think it’s a mix. I believe he likes the Proof of Stake aspect being that it gives the largest wallets an advantage. Which is exactly what he’s arguing against here..oh the irony.

What are your thoughts?

https://i.ibb.co/K68RqBS/26335654-7-D78-49-F1-A07-A-225-D78526-C46.jpg (https://ibb.co/XXGNs6M)

https://www.google.com/amp/s/www.businessinsider.com/elon-musk-dogecoin-fan-bitcoin-gives-power-rich-jack-dorsey-2021-12%3Famp

Think you know Elon? Maybe not as much as you think .. https://youtu.be/c-FGwDDc-s8

Let me start with ouch. I just rolled my eyes so hard I think I pulled a muscle in one of them.

But, with the NHTSA starting yet another investigation into Tesla https://www.reuters.com/world/us/us-opens-investigation-into-580000-tesla-vehicles-over-game-feature-2021-12-22/
he had to say something to distract people.
I actually joked to someone yesterday that there would probably be another Cybertuck tweet coming. Guess he went with a crypto tweet instead.

As for the 'shade', I think more and more people are not paying a lot of attention to him with the crypto stuff anymore. There are still a ton that do, don't get me wrong. But more and more I see him getting a smaller and smaller reaction to his tweets.
And although it's 100% not important or related at the time of this post BTC is back above $51000 so in the very short term a lot of people did not care.

-Dave

I personally do not see how bitcoin came into the picture and how the topic title correlates with the actual conversation. This is just a case of a journalist (if I can call them that) trying to spin a news out of nothing while adding some key words which will drag traffic to it, like; 'Bitcoin' and 'Elon Musk'.

Elon Musk can be interested in whichever currency he is involved in, this also means he can be pro Doge.

Is this the icing on the cake? Why would i want to watch a 25 minute video "debunking Elon" off a  shitty article?

He doesn’t affect the price now, if he ever did in the first place. When we dumped to below 30k in May was during the time Elon was being weird, trolling, tweeting about the energy mining uses. This period coincided with the time China was actively banning mining & bitcoin use. It’s a misconception that Elon send the price tumbling when it was far more likely to be China.

It's funny how he says this, yet the largest % of his stack (by far) is bitcoin. He has stated a few times that the only crypto he owns is bitcoin, ethereum, and some doge.

He even clarifies that the doge he has was all mined. He has not spent a single dollar on dogecoin.

When asked why he supports dogecoin he said, "I like memes and dogs."    Solid reasoning!

Doesn't matter what "pro- any altcoin" he is, because the more he messed around with crypto the more people will lost their interest in him from following to such hyping up to the alts he was invested.
Actually, he actually lost a lot of followers because of what he did the last time.
Now, he's back at it again. Let's see If he can pull up another trick to pump up Doge lol.

Maybe it was funny at the start, but Elon's half-joking support for Doge has been old for quite a while, and now it even has a negative effect on people, as Doge keeps going down, which is the only way it can objectively go, but some people are getting hope and invest in this shitcoin and are set to lose money.

By the way, jack's tweet is a part of large series of tweets, you can check an article about it here (https://www.coindesk.com/business/2021/12/23/jack-dorsey-goes-on-unfollowing-frenzy-after-web-3-beef/)

^ We know Elon Musk is a big fan of DOGE and I think that is normal to appreciate his altcoin hold but IF HE compares it to BTC.
I don't think so what will gonna going to say, it is pretty normal to me to see his action because as we know he has a large number of DOGE and it could be he wants to make the price up of DOGE and throwing shade at BTC is not of his concern. Probably now most people those who know already him, obviously ignored him.

@elonmusk: Tesla will make some merch buyable with Doge & see how it goes https://twitter.com/elonmusk/status/1470703708677840896 (https://twitter.com/elonmusk/status/1470703708677840896)

That was last week, kickstarted the chart, but is back again.

Elon's actions are very funny, the characteristics of people who do not have a stand, whatever Elon says at this time has no effect on the current crypto price, including the doge he is great at, only goes up about 10% and goes back down, doesn't have any effect because of what he said. talking about elon is just gibberish (just my thoughts)

he is making fun with Dode and shilled them in the first place, so what are we gonna expect from him? A pro-Doge will always talk like that and hated Bitcoin and other coins, unless if he changes his mind and accept that Doge is a meme coin.
He is trying to convince people to buy Doge, not Bitcoin. He has the influence and that could bring something big influence to the newcomers, yet can be natural but I'm not sure how effective it was as people know that Bitcoin is the most trusted coin in the crypto market.

I've said it before, but I don't actually think Elon is pro Doge or anything. This to me again comes off as a sort of tongue in cheek remark. We know that Elon Musk likes to troll on Twitter, and to me this just seems like subtle trolling. Elon Musk will know what Doge is, and he'll know why it doesn't stand up to Bitcoin at the moment. He definitely isn't stupid, despite the consensus around here.

Besides, it doesn't really matter what he thinks. I do believe he influenced the market a little bit with the drama initially surrounding Tesla, and him. However, I think as time goes on people are more aware of his trolling nature, and the fact that what he says doesn't really mean a lot in the grand scheme of things for Bitcoin.

Exactly the same thoughts here. Elon is playing a game, playing with us, albeit in a subtle way. The loser is definitely the one who will take him or his tweets seriously. Elon's trolling resume is rather open to the public. He's got the track record of making tongue-in-cheek statements over Twitter. And he's obviously having fun in the way people, the media, even the market, and so on react to them. At the end of the day, I doubt he meant most, if not all, of them seriously. So, I guess it is long overdue that we shouldn't also take him or his statements seriously.

Jack accussed non-decentralization of Ethereum so it would be worse for Binance Smart Chain because validators on BSC are limited and much less than that of Ethereum.

Dogecoin is almost community coin and even almost no significant developments in last many years, it still survives and I think Elon Musk saw chances to be a biggest influencer with Dogecoin. He stepped in and did his plan.

Elon is smart enough to aware that he can not have such power with Dogecoin or Ethereum

Elon is a just pro with the money. Wherever the money flow, he will try to make money. I doubt he pro bitcoin, doge or other currency. If he is really pro to one thing, he will support it and not say anything about the other, just give support. If he is pro bitcoin, he collaborates with Jack Dorsey but we never know his plan. He does not have to convince the public that he is pro doge because people will choose the coin they will support and let people decide by themselves.

Can't believe we think that Elon trolling on Twitter(as per usual) is "throwing shade at bitcoin" now. The dude literally owns bitcoin on his personal holdings and his company(Tesla) right now. Seriously, don't waste too much time into reading too deeply into his Tweets.

Elon is constantly trying to promote doge and it's pretty evident from his tweets. But he also owns bitcoins along with other currencies. So shading at bitcoin won't do anything great for his own portfolio.

Also it's an undeniable fact thay doge transactions are faster amd cheaper than Bitcoin. That's why he had planned to accept doge payments at Tesla dealerships instead of Bitcoin.

I personally feel, we don't need to take his tweets so seriously. He probably have fee millions placed in Doge and wants the price to go up. He is just using his influence to achieve that!

Its common already. We know how Elon is doing in Twitter and when it comes to cryptocurrency, he just say the first thing that comes to his mind.
Let him speak. After all, nobody believes in him anymore. He can't manipulate the market anymore like he did few months ago. We know for a fact that he is a DOGE supporter so.... yeah.

Once a troll always a troll especially in twitter where trolls are everywhere. The ones who are following him are the ones who will lose their money. What's important now is Bitcoin is above the $50,000 price again :D.

This is meme material at this point. ;D
Elon:Saying something about dogecoin.
Bitcoiners: "ELON THROWING SHADE AT BITCOIN AGAIN!" ;D
Why do we keep being focused so much on this guy?He's just trolling.The only difference between him and regular internet trolls is that he's the richest guy on the planet and he's famous(obviously because he's rich).
You can't deny the fact that,at least he's consistent in his support for dogecoin. ;D

I see Elon Musk as a good social experiment case, whether he knowingly post such nonsense or not.
For example many months ago we saw how he affected the bitcoin price when he initially started his FUD but we also saw that the effect was small. This shows that people are following celebrities even if it is down to abyss. Interesting thing is that a lot of people think Elon cause the crash whereas it was many other reasons including China and the drama that followed.

Another part of the experiment was the doge pump which was a lot more effective than his bitcoin related tweets. It showed once again how there are a lot of people who follow a "celebrity" like a sheep. It also proved how shitcoins are more susceptible to market manipulation and showed their true purpose.

It is also interesting to note the diminishing effects of Elon Musk and his tweets in the cryptocurrency market as a whole.

Elon Musk do not do something for nothing....

I think he is going to do another Doge pump, like he did with Shiba ..to give some people a nice Christmas gift. He did not disappoint the last time he did this and a lot of people made a lot of profit.

He said he pumped Doge as a joke the last time he did that, but I think he tested the waters to see if people will follow his "triggers" and if it will shift the market for Doge.  ;)

That's exactly the reason why people should stop following Elon Musk because as the OP said, we can't for sure knoe what is his motive or he thinks because maybe he's just only up to manipulate markets to his own benefit and dump it again after. Now that Elon Musk is again on the move and trying to pump Doge after his tweet that his pro-doge even though his past statements doesn't match well.

He's basing on the situation wherein obviously its bear market. Lol for sure that guy wants to convince investors to focus on Doge coin because it's on the very dip level and also because of being so very stagnant for how many months.. ;D and now he's using social media with thousands of followers to make fun again with big investors.. A very common technique from elon musk from the beginning until now . Lol

I only knew around 1/4th of its content and that further confirms EM is nothing but just a clown ^{[e.g. another one of his masterpieces (https://twitter.com/elonmusk/status/1469153995428085762)]}!
^{- Considering how he usually acts as a whole, I don't think we're dealing with what's on the subject field [he's just another attention-seeking whore]!}

Technically, he still has to spend a certain amount to acquire mining rigs.

The best thing that came out from those non-stop nonsensical tweets.

It doesn't take much research into his Twitter profile to determine that he trolls a lot, and not just about cryptocurrencies. The guy enjoys it, and the reason he enjoys it is because he gets attention from it. Elon Musk's words to a lot of people mean a lot because hes perceived to be a smart guy, genius by some because of that he enjoys the sort of authority that comes with that.

I definitely can't criticize him on his accomplishments, but I'm also not looking for his head because hes said a few things that could be seen as detrimental to Bitcoin. People have opinions, it just so happens this one has millions of followers who take every word he says seriously.

Amen. He and most of Twitter. It's kind of exactly what it was built for, so can't argue it isn't achieving its purpose.

I'm not going to judge anyone; I'm not ready to have my own actions judged. You don't have to like him or shade-throwers though to appreciate the fact that FUD (even when obvious trolling like Musk) is actually good for Bitcoin.

I mean, what doesn't kill it makes it stronger, right? Keeps getting proven time and again.

Elon Musk generated a lot of hype a few months ago, with both Bitcoin and Dogecoin, which definitely attracted a lot of people and investors. A lot of people were bashing at Elon, due to the outcome of his tweets, it was expected that the hype train would eventually finish, with the market crashing down shortly after. I respect Elon, he's a genius, and I also believe that his impact will ultimately have a positive effect for Bitcoin and crypto in general.

Lol I know right, “memes and dogs”..honestly when I heard him say this to me if just seemed like he was proving his lack of knowledge. He’s said this stuff a multitude of times and during very serious conversations which is just utterly embarrassing. He had his chance to state why he believes in dogecoin and that’s what he said lol..proves a lot on my mind.

Some of you seem to be having a hard time reading between the lines.  He’s absolutely throwing shade at bitcoin, like he’s done many times before.

He is pro doge! that's really funny. If he had shame, he would not talk like that.
people who invested in dogecoin by seeing Elons FOMO over social media already lost their funds now. I don't think any victims who have been deceived by Doge coins will ever believe any statement of Elon Musk. After his company made a profit from Bitcoin, they felt that Bitcoin mining was harmful to the environment. What could be more ungrateful than this! In fact, he wanted to take advantage of it by creating an unstable environment in the market.

I can only say that it all started with a loyal fan of Elon, the root of the problem is what he tweets then his loyal followers move. I don't know what the followers were thinking, so as soon as Elon said one word, there were a thousand steps into the market at the same time. Losses, manipulation, and many people I know fell to the brink of destruction because of the tweets he made. Execution in the market is not him or his mother, but who became loyal followers on Twitter.

What is the meaning of this incident? 0.1% Bitcoin and the rest of the coin memes have become a place to manipulate prices. Huge impacts occur everywhere, many scammers create various kinds of meme coin, I'm lazy to mention it because it took 1 year. What I dislike the most is when the concept of decentralization gets messed up and goes off track.

I've said this a couple of times before, and I still beg to reiterate, Elon Musks's negative tweets about Bitcoin can only have an ephemeral effect on the network, just a short time and quite a lot of people already forget what he said or the troll he made, thus that's enough reason to be less concerned about tweets from him. If Bitcoin were to be a pump and dump coin, or a coin controlled by a few whales, then his tweets could have had a lethal effect on the network, but since Bitcoin is none of that, it doesn't matter if it's Elon Twitting, or China banning, or CBDC launching, etc, the network will still take its shape again and bounce back up after any/every setback.

Well I really hope more people now know to disregard what Musk says in
relation to anything crypto, the man cant be trusted and probably only trolls
to see what effects he can have on the markets.

I'm one who couldnt care less anymore what he has to say about Bitcoin and crypto.

May be is giving a Christmas and New Year pump for anyone following his twitter page and jump into anything he says  :D. I think he recently said he will be accepting Doge to purchase Tesla but that did not make any change in the market but right now the market is seeing some momentum and he is sneaky with his shilling .

Elon is not new in pumping the market, he was doing that in the stock market where anything he says usually rallies, so he knew he had an army of investors who would jump into anything he says.

They are not just smarter but actually, people know what really he wants to crypto and that simply to promote his Tesla company.

That you are right, he can be an influencer for his whole life and is capable of doing it. In fact, we are somewhat a victim to this before and we thought he can be helpful to us but unfortunately, he only ruins Bitcoin and just shills Dogecoin for his own benefit.

Well, he has the right of doing it but people don't like it, though. We learn from it and have not to listen to Musk anymore.

It's just pure manipulation. He knows how powerful he is and people are chasing him for his tweets and seeing how to play with it.

The other term for it is that he's trolling around. He likes the attention of people from the crypto community and he keeps on being fed.

People should just stop looking at his tweets related to crypto but if it's related to SpaceX and other of his business, I'm reading them.

Hopefully, people will not react too much to Elon's tweet. Elon is still trying to gain popularity as before. People already saw what Elon did and learned its impact, so hopefully, people can stay calm and disregard that. But Elon will not stop interfering with the crypto market because he knows that the crypto market is something big that can give him more profit. Someday, people will not care about Elon and will let him do anything he wants, while people will focus on something more important than just thinking about Elon's tweet.

This is the way of filling pockets. Also, that indicates he doesn't have enough faith in Bitcoin decentralization. Rather than he believes in doge shit. However, it's an old tactic to pump a coin by Elon. He will just crap the money from the market. He is a multi-Billionaire and he needs more. But as I can see most of the time crypto community doesn't react to his comment. Because everyone already knows how he manipulates the market and fills his bag. At least I am not following nor reacting based on his tweets. Perhaps a few more whales just follow him to take a chance.

Whatever! Whatever Elon says, it cannot stop the growth of Bitcoin. Neither will it stop the eventual demise of Dogecoin. Doge may survive for more years but the moment Bitcoin gains the mass adoption that everybody speaks of, Dogecoin will slowly lose use. When lightning network becomes adopted by the majority, Dogecoin will not be attractive anymore. When sats become more and more the unit of account, who needs a cheap Doge? Elon cannot save it.

Elon Musk is good at mind game. He owns bitcoin together with his company,  yet he keeps pushing Doge to his followers, that to me a big mind game to cause distraction to his unsuspecting followers. Same thing Craig Wright did to his disciples that BSV was the real Satoshi Vision and that bitcoin is now centralized, today his disciples know that they have been fooled having borrowed money to buy shit and shit went down.

How is he "throwing shade" at Bitcoin? This is more is his usual trolling antics that he spends a bit too much time doing. His ego won't allow him to concede that he was incorrect about Bitcoin and its energy consumption, so he'll pretend to be "pro cryptocurrency" by throwing a dart on a board and picking whatever meme coin the dart happens to land on.

He doesn't care about doge, he likes the attention.

He was certainly pro Bitcoin when Tesla bought billions. Didn't seem so pro-BTC *after* Tesla made all their profits.

This kind of thinking makes things worse for bitcoin, we overthink too much when it comes to this kind of thing, plus he's not the person that we should listen to right? Aren't we already done with all the stuff he did back then?

No more Musk effect is present in the market now as he ruined his image after all the useless mind games he played on to manipulate the market and gain profits out of it.He can only affect the shitcoin community now and fool those who still believe what he speaks but not btc anymore and that's why he is again trying to play his cheap tweet games to make a way but this time he is stuck inside that trap he put for himself and price remain unaffected.

No, we keep remembering all the things he has done before. And now, he is throwing FUDs again the more he always remembered and his nonsense contribution to the crypto.
He is officially a social media influencer, he can easily influence people and go on his side but he can never do this in crypto again. No, he will just fail and the time will come that nobody will listen to him, to all of his nonsense talk towards Bitcoin.

I wouldn't look at it at that way. We're too much leaned too Musk and just because one guy tweeted a few characters of his own thoughts won't make that much effect to Bitcoin. It is just people that are following his butt too much, just because he was able to manipulate DOGE back then.
People think that the history repeats itself once again.

Looks like he thinks he still has that power to shake the price in the market when it's all nothing now when he says something about bitcoin. Looks like this guy wanted to promote his nonsense coin by tweeting those simple words yet enough to give Doge a pump in short days. Just like the other celebrities or influencers who always criticized bitcoins, this guy too is nothing but nonsense who doesn't need the attention of the real investors because all he does is talk about things that haven't even been proven or not the actual fact.

People give Elon Musk power and market makers abuse tweets of Elon Musk to play their pump and dump games. We can not verify that whether Elon Musk has investments in meme coins he tweets about.

It is very easy to understand and explain that he tweets about them because he has investments with them. However eve he does not have such investment, market makers will do wisely and fastly enough to take advantage of his tweets to trigger their games.

It is like Omicron, does the variant has anything to do with Omicron in crypto market? It does not but fact is, we have massive pump and dump game with Omicron.

It is possible that he may still own meme coins such as Doge and Shiba. If he doesn't, it's probably another mere attempt to troll users into buying worthless coins and dumping them shortly after. On the other hand, I'm not quite sure that he has that much of an influence in the market anymore. He definitely used to have a lot, but people stopped following him after the Dogecoin incident.

I wanted to write about how I think Musk is joking because, while he gave Bitcoin a try with Tesla, he did no such thing with Dogecoin. But then I realized that it's no longer true, as in the middle of December Musk actually said that Tesla will start accepting Dogecoin (https://www.reuters.com/markets/us/musk-says-tesla-will-accept-dogecoin-merchandise-2021-12-14/) for merch to see how it goes. In that case, perhaps he does think Dogecoin is the way to go. I don't have anything against Doge, except that it's way overrated. Given that the foundation and thus technical support was reintroduced in August 2021, though, at least it's probably safe to use it. Also, while the coin is inflationary, the inflation rate decreases over time. Still, even if Musk goes above and beyond to make Dogecoin more popular than Bitcoin, it's not going to work.

trying to make Dogecoin more popular than Bitcoin is never going to work. I don't know if there will be a continuation of the news that Elon has reported or if it's just a joke that he throws back into the public.
raised Dogecoin to be more popular, but I wonder why Elon didn't develop their token? if indeed Elon and Tesla will develop a payment system or Merchandise for the purchase of Tesla products.

It's the people that need to be equally blamed for giving too much importance and power in the hand of people like Musk. His single tweet makes btc go down from 50k to 32k earlier this year. He recently said something about Doge (I am not interested in what he said), his tweet on 14 Dec 2021 created a spike in price of Doge from 0.1 to 0.2 and now falling back. This clearly show how much importance we gave to these people.

In fact, if I examine it further when I see this tweet, I feel that it's actually a bit out of sync when it comes to discussing elon and bitcoin because it is a case that only a handful of people can see.
On the other hand, he only shows off his dog, I can see and if he looks at this he is touting another dog coin and has nothing to do with bitcoin

But it seems that you are missing something related to the popularity of BTC with Doge which has been made up by Elon Musk.  Previously, Musk was one of the factors supporting the rise of BTC because it was applied to Tesla, but since the rejection of BTC, it has experienced a major correction.  Meanwhile, if Elon chooses to increase Doge by tweeting, it could give Doge high popularity, because for short term traders, Doge becomes one of their best options to profit from Elon's actions by tweeting.

Elon might be a great influencer in the past, but this time people have become smarter and learn to hate Elon  because of his own wrong doings. So even if he keeps on tweeting again on dogecoin, or throw shades at bitcoin, people will not be affected anymore as they realized that Elon did the whole thing just to hype the meme coin and when he thinks he made profits on his own, that's the time when he stops shilling dogecoin and its value started to fall back. I guess people have been traumatized about this and decide not to trust Elon again.

Definitely, people got pissed at him for assisting in the manipulation of the cryptocurrency market and stopped following him. It was stupid for both sides to make such bold claims. Announcing that he'll sell Tesla merchandise with Dogecoin, what's the purpose of this whole ordeal? He's a great businessman that's for sure, but if this happened in the stock market, he would have been arrested, cryptocurrencies however, are not monitored by someone, of course.

Recent months, Elon only tweets and Tesla did not invest more into Bitcoin. I disagree if anyone say that Elon lost his influence on Bitcoin and crypto market. He still has it in his hands and if someday he suddenly tweets that Tesla returns to spend more capital to invest into Bitcoin. What will happen?

It won't be a normal or only hilarious tweet but it is a more powerful tweet because there is capital related. If that day comes, you will see power and influence of Elon again, that would be massively big.

Well, being world richest man comes with some advantage you know, having to influence a lot of persons with one statement and funny enough, it works only when we allow it to. Elon might have tried to rub bitcoin in the mold whole trying to rise dogecoin but its all subject to individual perceptions about the many tweets he sends most times.
Elon has still got his supporters and that would push through in all that he tweets but, we really need to watch it and not be mislead by some cerebral figure over some investment advice.

As you said Elon musk is chairman of Doge coin i can not believe that Elon musk will in other way support the growth of any other coins except Doge that is in his heart to pump Everytime, everyone knows that Elon never try to boost others cryptocurrency, it concentrates on the good name of doge coin and thinking that coins can be suppressed to any other coins, but after his efforts everything to turned bad against his plan to other cryptocurrencies

For me personally, Elon Musk is just a person who is manipulated by bigger players. Everything it says about cryptocurrency and BTC is all custom. In simple words, he is simply paid to write something on his pages on social networks. If Elon Musk were really interested in cryptocurrencies, then he would have transferred his business to the blockchain a long time ago, and accepted payment only in BTC or another cryptocurrency, or moreover, for example, he would have launched his personal cryptocurrency. But why doesn't he do it? Because he will not be allowed to do this and it is easier to make a profit by manipulating the cryptocurrency market.

I agree it's a mix of stupidity and manipulation, or maybe it's just that stupidity is his method to manipulate people efficiently.

Elon is wealthy and people get sympathetic to him due to the fact a rich guy says stupid things, so average internet users feel closer to him, having Elon as an idol or even a friend.

I believe everyone has already felt like this for a famous personality. The problem in this case is that there serious risks of losing money for those who have him in great esteem.

Another attempt to hype DOGE again, sorry but it's not happening anymore, DOGE price trend is going down and there's no way Elon Musk could save Doge downtrend even if he hypes it regularly. Bitcoin ===> DOGE, that's a fact and any coin cannot stand against bitcoin in terms of competition.

It's not an attempt but it's always what he do.

Whether he said that he'll accept payment in Doge for a Tesla. There will be an increase but that's just temporary, unlike bitcoin. Even if he keeps on telling something bad about it.

The effect is very tiny and temporary too.

The community doesnt really care on what he would do but there are people who do love to jump in with the hype and take advantage with these sentiments and make profit with it without actually been supporting

on what Elon does have in mind.Yes, he could make out those full swing influence in price but doesnt mean that it would be sustainable.Good for those who had able to get in early
and once you do get caught with the dump then theres no other man would be blamed but this guy and of course you would blame yourself too.  :D

Along the line of doge coin production Elon was not in the picture until few years back when he was appointed or elected as the president of Dogecoin. Then he appeared into the framework of the memecoin which some people thought that he is the owner of dogecoin, regarding the way he uplifted the value and price of dogecoin to the eyes of the people that knew less about memecoin how it's a fun coin that may not yield profits on the long run.

So, Elon is working hard to see if Doge can have a use case but, it proofs to be sacrosanct because of the nature of dogecoin it may not have a usecase. Whatever he says about bitcoin should not be taken into consideration because he is a twitter influencer but hes is different from the rest of the influencers on twitter due to his fame and wealth.

No one can destroy bitcoin even the richest man on earth but Elon can still create some hype on his altcoin/s despite not a pro bitcoin. It's something different compared to Craig Steven Wright who is no longer cannot create a hype on his coin because although he did not hate bitcoin, but he lied that he is the real satoshi.

Well the funny thing about his followers is that the majority of them don’t seem to understand that he’s not actually the genius they thought he was/is. He didn’t create/invent PayPal nor did he crate or invent Tesla. He isn’t the one creating rockets at space x either. If you listen to what he says about bitcoin you can tell the guy has no idea what he’s talking about.

He can make hype.

That's for sure but it's just temporary.

You see how he made dogecoin on its all time high and now it seems hanging and no more push for the increase on its price.

Elon again..

Ok, that tweet was from Jack, who is staunchly Pro-bitcoin (even bitcoin maximalist) about ETH being centralized and under the influence of VCs.

In comes this Doge clown with his claims about Doge being special and decentralized (which it clearly isn't based on the richlist).

Now that Doge was mentioned, Elon had to have his fun by trying the pump and getting his tiktok army excited and hopeful again. That one tweet is enough to revive the sagging morale and make another few of them buy and pump it, Which the smart ones will again dump to cash in on Musk's idiosyncracy as long as they can.

Everyone in Bitcoin goes through this phase about resenting the so-called nouveau rich of Bitcoin. Elon is clearly going through that same phase where he thinks that he should have been the one to re-define internet's currency after Paypal. This didn't happen so his Bitcoin prejudice is pretty much just an unfulfilled desire.

Yeah, I thought about the same ... so if you want, choose any answer from this list.  :P

[1] It's because ... ^{[Elon Musk has nothing to blame other than his frivolous behavior on Twitter]}.
[2] Is Elon fired yet? ^{[I can't wait for the board of directors to show Elon his place, indicating how easy it is to remove him from the CEO position]}.
[3] Musk faces a lawsuit based on Twitter manipulation ^{[Elon Musk can afford to write another 10к tweets within his budget]}.

Slowly DOGE has no power. this is not the time, Elon Musk might just give a statement about DOGE without thinking about the impact for DOGE. the downtrend will continue.
Elon Musk tweet will increase DOGE instantly, but will return to the original price.
Bitcoin is still unstable and other altcoins will be disrupted too.

Well, it is his business what he says. I think he is just tryna promote doge coin the best possible way he can, and it seems not to be working for him at the moment with dogecoin. Maybe a lot of persons are not really seeing the use of buying that token.

some new users did take advantage of Elon Musk's tweets and hoped DOGE would go up thousands of percent. But the fact is that currently all altcoins are bearish and this is due to the unstable price of bitcoin.
some people also take advantage of elonmusk's status about DOGE to get a lot of advantages. Elon is indeed very influential because he has many followers. Elon holds strong Fundamentals for DOGE and other coins mentioned in his tweet.

Since Dogecoin reached ATH 8 months ago, the price of Dogecoin has been steadily falling, even now the price of Dogecoin has fallen 76%
from the ATH price. So whatever Elon Musk says on twitter about Dogecoin, it's unlikely to make Dogecoin go up again to the ATH price.
Because many people have realized, the increase in Dogecoin is indeed due to manipulation by Elon Musk. Even Dogecoin prices can drop
even lower if Bitcoin prices are still unstable, so Dogecoin is not the right choice for investment. Maybe only newbies who have no knowledge of
the crypto world and Elon Musk followers will buy Dogecoin right now.

If you aim for profits, then you should not invest in Dogecoin in the first place. Because a coin without real purpose will never be profitable and will only end up being undervalued or being a dead coin. And i think even newbies nowadays have become smarter already that they always choose bitcoin and strong altcoins over those new and weak projects. So Elon could never make it again if he wished to hyped Dogecoin in the second time around because its value is already experiencing a downfall.

Crazy investors invest with doge for long term and for sure they will cry later on once Elon mus abandon this coin in future, we already know him as grand manipulator so its crazy for people to play on fire what Elon set. That's why its good not to listen on his manipulation technique's since we already know how strong bitcoin is even without his presence.

Elon won't abandon Dogecoin soon because his power is still big. When he realizes that there are more big investors come to Dogecoin and his power is smaller, he might reduce his shill and tweet about Dogecoin. Nevertheless, I don't think Elon will completely abandon Dogecoin if he still has investment in crypto.

It is magic of attraction in crypto market. When you love a coin and it brings huge profit to your portfolio, sooner or later you will buy it back. Dogecoin has good survival and it is another plus point that Elon will not leave it. I think using the term abandon is not accurate because Elon does not involve in any development of Dogecoin project.

I agree that Elon is definitely a great influencer of all time. But it cannot change the fact that a lot of his old followers are now taking another path and stops to follow his tweets because they realized that Elon is only here for his own desires of profits and not to really help new investors. So even if he plans to hype Dogecoin again, its value will never be the same again, it may skyrocket but not that high anymore. And dogecoin will never beat bitcoin in the long run, as a joke coin will never replace a dominant coin.

I'm no fan of Elon, but just because he talks up Dogecoin does not mean he is disparaging Bitcoin. He is free to choose whatever cryptocurrency he prefers and in reality Dogecoin does have a much more prosperous future. I doubt even Satoshi would want the world to be stuck in the "Bitcoin is the only way" mentality that some people around here seem to believe. Decentralized currency is a very powerful thing, but the first iterations of anything are usually full or flaws and weaknesses. Bitcoin has held up fairly well and that is great for modelling the concept, but there are still many ways it can be improved - which may be taken up by others. 21 million coins is a rather huge limitation when it comes to global commerce, no matter how many decimal places you might have.

Sure, dogecoin is ass, but at least it's useable at scale without some...*bites tongue.  Elon doesn't give a shit what developers or maximalists think...  Bitcoin has lost it's way.  It's obvious to anyone who is impartial.  The hilarious (it's more digestible to laugh then cry) thing is how a decentralized p2p currency became a store of value and those in control can't seem to figure out why there's suddenly a trillion dollar altcoin market... 

Elon is right.  About all his criticisms of Bitcoin.  He's also using Bitcoin as intended by it's current developers, as a store of value.  Don't be mad at him.  He's saying and doing exactly what a rational person would say and do when faced with the reality of what Bitcoin is and how it's being marketed to the masses.

Right, Doge father is spreading shade at Bitcoin but he doesn't say anything about his shitcoin, Lol..  :D

people who invested in Dogecoin for Elon influence are now they are beggars of the path,
I don't know how can he give any statement about Bitcoin instead of giving news about Dogecoin, is he shameless or something?
This influencer should be socially boycotted. They are playing with the faith of the people and scammed huge money.
His misdeeds have created a lot of negative perceptions in people's minds about cryptocurrency.

I guess Elon, being a big influencer, brings a lot of confusion and hope to those who are believing in him. But for those who know Elon already, they are just being quiet and just keep on ignoring Elon as he can't do anything to manipulate the market now.

If he is making this tweet for Dogecoin, his tweets are definitely not effective anymore. His followers are already overcome by his haters so probably, Elon may still continue to create FUDs but people are already smart enough not to believe and follow him.

I have no idea about what he says, always tweets on his media. Btw, even I don't care about what he tweets, in fact, his says always give big influence to the crypto world, moreover to the crypto such as Bitcoin or Doge that have been stated.
So far, we know the power of Elon Mus. It may not influence the crypto enthusiasts, but this will always give influences to the world, to what probably investors will put their money.
He may see this as a chance to pump or dump  the price again, not too high expectation but enough to give such certain influence to the price.

He is good at his words, he makes a twist and it attracts listeners but for us who know more about crypto and him, that is very unlikely. He wins before and brought us attention to think that he has in good faith towards crypto, towards Bitcoin but what he did is to shill Doge and ruin Bitcoin. That is not the thing he was supposed to do, however, it was done and that is reason to know what is the reason for his participation. We all have learned that Elon Musk has nothing to do with Bitcoin but just for Dogecoin only, a father of meme coin.

Well, I guess he just likes Dogecoin a lot from what I have been seeing, because he’s always talking good about Dogecoin. Although I also know that is one of the strategies for him to pump, but right now I think that the pump for dogecoin is over and it won’t be going up again for now. Moreover a lot of the meme coins fans have shifted to SHIB, and even SHIB right now is bearish in price.

Elon was a big fan of bitcoin at the beginning, but later complained about how bitcoin is being mined, which I think is the reason why he switched to dogecoin, because he believes that it is better, and he has also claimed quite a few times that he plans to work with devs and improve the platform of Doge. Anyways, it’s not like what he says really matters to me at all.

If Elon Musk is betting that Dogecoin has some relevance and even some major potential, then it is not much of a surprise that he has been interested in investing in it. What's so bad about that? It's his opinion, after all, and he's certainly not someone that's just gonna blindly follow what anyone else says, right?

I think that Elon Musk's effect on the BTC market is irrelevant, it is like the FUD that China does to BTC, these are arguments that are not accepted, Elon Musk is very focused on his space travel and everything that has to do with giving him food to the poorest in the world, which is not bad at all, but since it turned its back on BTC and produced a large FUD it is not very well seen at least by those of us who strongly believe in the projection that BTC carries, He can say what he wants, he will only influence the most ignorant with his fud.

but what is said is sometimes confusing and this is the hallmark of the entrepreneur and the trader who is one in him. but the intention that has always been with him is that he can definitely influence people to what he does is acceptable and he gets what he wants, profit.

whatever is done to the doge is clearly an intention whose purpose is to make profit and he can't be blamed if he want to bet on doge as long as it will produce what you want to achieve, and that's perfectly legal anyone can do it especially Elonmusk's class who has followers that can be influenced.