Bitcoin Forum

Yeah, we know from past. Elon musk name is co relate with Dogecoin why not? but, I want to know why Elon musk again n again tweet for Dogecoin any reason ?

Tweet Links are here: https://twitter.com/elonmusk/status/1357236825589432322

https://twitter.com/elonmusk/status/1357241340313141249

He likes to messed up the whole crypto market thats why lol

He was testing the crypto market and it looks like true consider any tweet that already created by him is always related to the dogecoin. The speculators in crypto can be moved with only a few tweet and he knows if he can do that and that's why he creates more and more tweets about dogecoin.
I didn't expect this to happen lol. ELon was playing doge community

He likes to have influence over the Doge market - I highly doubt that he has any skin in the game, it would be too risky for him, and he's already the richest man in the world, so there's no point for him to make money by manipulating the Doge market. It all probably started as a joke, because it's known that Elon likes memes, but at some point he became aware that his tweets pump Doge, so he started doing it for fun.

this repeated tweets is not from Elon himself, report has it that he was hacked. Elon must would have not lowed himself to this level of trying to pump doge. people are just taking this tweets serious without making findings.

Pure meme. We all know that Elon Musk got some sense of humor and a fan of memes, even before, he already doing those kinds of tweets on Doge, even Bitcoin.
Also, few days ago, we all saw the effect of Elon Musk's twitter bio, which is "#Bitcoin" and we saw the price of Bitcoin just jumped in a short period of time.
But after this recent Doge tweets of Elon Musk, I noticed the #Bitcoin bio is now removed on his Twitter.
I thought at first, his Twitter account was hacked, lol.

https://i.imgur.com/CSwgvbQ.png

I don't think he does it to make the price sky rocket because he has his own big bag of Doge, or at least that's not his main reason.
He is probably doing it mostly for the memes. He seems to be that kind of guy from the few interviews i have seen from him  :).
And he probably also wants to mess a little with the traditional big financial institutes.

This is true. I follow Elon since the success of his SpaceX company. His tweets always consist of two type, informative and troll/meme post. Before he became the richest man in the world, He is making post about crypto specifically to Bitcoin, Doge and ETH. We are on the stage where mass adoption are already starting and I believe he is using Doge to introduce crypto to the public since its a meme coin and its easy to catch people attention when your post has a sense of humor.

Money,money and money this is the main reason why he keeps tweeting doge again, remember gamestop? he want to make doge the same of it that's why we see major big changes from dog when Elon tweet it. So if you want to earn with it just buy when Doge price drops from the peak since its really bad decision for us if we accumulate when the price is pumping or at the peak.

It's possible if elon's account was getting hacked but there's another possibility too when elon gives permission for someone to control his account.
People are too lazy to search about the fact and those people are only caring with their profit from the market. That's why they were taking it seriously as it can give them all very big profit in a short time.

I dont think elon musk was hacked when did those tweets about dogecoin. His a great guy, and knows innovation deeply. If ever there is a guy whom gonna get hacked definitely not him. Some say it's been hacked but I doubt it. I could believe that someone using his account but his pretty sure aware of it. How come a tweet from him could not been noticed by his friends to tell him " hey you tweet about doge" thing. Surely he knows it and maybe will pick a blind eye to tell that what's wrong about his tweet.

There's already existing topic about Elon Musk tweet about DOGE coin here:
1. Elon Musk's Tweets... (https://bitcointalk.org/index.php?topic=5314612.0)
2. Why Elon Musk shill for DOGE (https://bitcointalk.org/index.php?topic=5314643.0)
3. How I earn 6000 $ IN 3 HOURS | Elon Musk THANKS YOU !!! DOGE (https://bitcointalk.org/index.php?topic=5314704.0)

You can read those above post to know the reason behind this phenomenon, the short answer is for fun only.

---

Better to lock your topic and continue the discussion on those thread above.

Elon Musk is aware that he can put influence in the crypto market coz' he's the richest person atm and he can do it whenever he likes. He loves DOGE so much so if he wants profit from it, he'll make action to pump it in just a tweet, if people went crazy because of his words, then the pump starts. I started trading DOGE perpetual contracts on KuCoin when DOGE starts pumping, and also because of Elon Musk  ;D

I read a lot of opinions about Elon Musk's actions on this market, everyone was happy about his actions. But the whole market is really being influenced a lot by people with money, I think it is essential to make this market stronger in the future. And I think doge is just a lucky coin that has been chosen to pump, I think there will be more interesting things about him in the future, I laughed loudly about the line of crypto related tweets.

It is true elon musk is not that guy who would spam his tweets it is not him i figure it out since other thoughts that it was hacked and someone is using his account just trying to make people buy dodge so it can be pump but to be honest he really loves doge and he wants people to have a good profit as well because he knew that this crypto currency is the future too not only making some staff to make it into mars, but he doesn't delete those tweet and then something will going on and we're the ones who gonna wait for it.

Twitter is the most powerful weapon in the hands of Elon Musk

even before he showed favour to Dogecoin. I see it just as he is rich and bored. he must have a good time when he sees such a strong echo of his tweets.
I don't think they using it to make his own profit on Doge trade, it just for fun like Dogecoin it is.

I think Elon Musk is bored, so Elon Musk wants to make a scene in cryptocurrency market by making a tweet about DOGE and Elon Musk succeeded in making cryptocurrency market bustling, because cryptocurrency market immediately focuses on DOGE and that got people started to investing in DOGE, so that it makes the price of DOGE immediately increase very high.

Yeah, and probably he is measuring his tweets how powerful tool it can bee, and probably his ego is telling him that the has such influence on everything, not just in his projects, his company, but in crypto verse as well.

And it makes more people happy, specially pump and dump groups, WSB who are also riding the waves of Doge right now. Seems to be he is the next McAfee, but he is not charging anyone for his tweet, unlike John who uses his tweeter to make at least $100k per tweet during the hype of crypto craze in 2017.

Elon Musk has always been interested in and respected cryptocurrencies, but his bond with Doge surprises me. I do not know the answer to this question, but if we think logically, there is definitely a relationship between Doge and Elon Musk. Doge is popular and still attracts investors thanks to this, I think Doge is too weak without Elon Musk  :-\

I think he has some dogecoin and he's keeping it, as we know Elon is aggressive in business, like what he does in SpaceX, the reason that he likes to stir crypto, I think is not true, why would a billionaire waste time posting something that he will not get any profit or something from, like others who says they don't like bitcoin or other coins, etc, I think they just want to jump in a low price, in my own opinion, Elon has bitcoin, ethereum, and other coins, probably doge also.

As far as I know, it all started with the WSB account, and probably everyone knows about talking after the doge pumped x10. As they mentioned they want to prove it, but hedge funds are not the only ones influencing the market, and they want to prove it by their horde of power. And we see Elon Musk's support for this, maybe blockchain is the best option for the solutions coming up, and it's nice to have influencers backing it.

It is sounds that Elon Musk was taking it seriously, he hasn't shill it for fun or for memes. I think he has already own some Dogecoin of his own and what he was trying to do was giving Dogecoin a chance to nearly become Bitcoin. And look what he have done with Dogecoin right, he made it rise its market value, shows how influence Elon Musk is and as far as i know base on what article that i have read a while ago the SpaceX project to land on moon is what i know the Dogecoin were going  use to.

as release from big actor gives with chance on appreciation, investors might defines of one on decision as preparing use with funds and more on resource as attaining table of trading to gains with limit of return as completing target on expectation.

Maybe Musk has a big amount of dogecoin, but the dogecoin price does not increase so high, and he can not make a profit. He makes a tweet that says dogecoin will go up, which impacts his followers and thinks that dogecoin can increase. What happened later is dogecoin price really increases so high, making many people amaze and sell their dogecoin to make a big profit. So I am sure Elon Musk also makes a big profit like other people because, with his money, he can have a big amount of dogecoin.

He is using his influence as well as the social media to create a hype that will attract newbie and will fall into FOMO to dogecoin and once that he accumulated a plenty amount of funds from that FOMO he will sell then his dogecoin hodling.

I think Elon Musk is promoting the Meme coin, literally, And after his first successful tweet about Dogecoin, the price was started to move up thats why now he thinks that he can influence the crypto market by just tweeting about the specific coin or token that he wants to promote. maybe thats the reason or maybe not just an opinion. 

But I do think that Doge is a good place to choose for an investment place especially for me. Take a look at Doge price movement, there are so many candle which was formed in long shadow candle, which is mean many people will think that this is not good for investment place especially for long term investment.

They will only choose doge coin as a short term investment especially when there is a factor like Elon Musk's tweet come but after that the price will fall a lot. I don't know much about doge coin feature even I'll bet the investor who invest their money will not know some features about doge coin especially the feature that can be used by most people.

On the Clubhouse, he talked about why he tweets about Dogecoin. He said that it was just a joke and Dogecoin was made to be a joke. It seems like he likes to joke again and again :) He added that fate loves irony, the most ironic outcomes are the most likely.

Both doge and bitcoin become destination for Elon Musk, never get he tweets other coin although on exchange market have thousand coins listing but only doge as periority for Elon Musk. Many time he only tweets with Doge coin but never make you surrended when late for buying doge coin, I know how many people loss on doge coin after lately for entry in doge coin just wait next Elon Musk make new tweet about doge coin.

I have already repeatedly met user reviews on this matter and believe that these statements by Ilona Mask are nothing more than trolling. Although it is more likely that he is pumping up his capital for a long time, since Doge Coin is his favorite cryptocurrency and in any case he has investments in this coin. And his any word in this regard, provokes on to Pump.

Theres two possible theory in my mind.
1. Elon Musk have fun for trolling Doge Price
2. Elon Musk account been hacked and he wont admit it since its shameful to him.

It seems that the two theories you mentioned are not the basic possible reasons, now we can see how Doge continues to experience price increases after being tweeted by Elon Musk and if that is a scam then Doge's price will not stay in the current $ 0.036- $ 0.043 range these days. and there is no point in doing that in my opinion, and if Elon Musk's Twitter account is hacked, of course there will be clarification from Elon Musk's side. Most likely he is part of the Dogecoin project but he is doing his role behind the scenes so people would think if Elon Musk as the richest person in the world chose crypto, especially Dogecoin as an investment asset, of course it would attract other people to buy Doge coins too.

I think there is no real reason, he just likes attention and that's it. Back in the day there were tons of people who shared memes and so forth on his twitter, and there was a thousand times people tried to do "I am elon musk, send 0.05 eth here and I will send back 1 eth!!" type of scams under his tweets, so Elon got interest of that and he checked what it was and checked crypto and learned about it.

After learning what they were he shared something that got 10x more attention than anything else he does and we are talking about a guy who sends spaceships to space, dude is crazy and he is liked by a ton of people and even with that doge became the most liked thing he shared. So as a narcissistic person who loves being loved, what did he do? He just kept sharing more and more stuff that are memes of this situation in order to get more love from people he yearns so much.

I think there are different sides to this, first he seems to have an interest or still maintaining an interest in crypto related matters but seems to keep it contained, hence the reason nothing much was heard of him for a long time, but recently that Bitcoin started growing massively, where many people are now paying attention to it, it seems he decided to do so, which is one of the reasons Doge coin pumped the first time. Secondly, during the later pump of Doge coin which many tweets were reported by him unlike before, which of course is unusual, Doge coin pumped and when then it was reported that his account was hacked and it dumped. 
Nevertheless, in my own opinion, he seems to have a good interest in crypto being someone who likes technology a lot, but however he tends to keep his intentions in good control.

Well, He can only tell why he is doing it, but he is playing a very important role for us, for crypto for people related to crypto, he is working like a brand ambassador for Doge and i don't think they got paid for tweeting  ;D

This is the fact, he is always trolling with the market and even he is enjoying his influence in a decentralized market, i have no idea whether he is trying to prove anything with all these tweets, there is no doubt about his intelligence but i do not understand what he is trying to prove with these tweets.

There is no way he keeps silent if his account is hacked as anything can be posted that could attract legal actions and tarnish his reputation.

It is not Elon Musk that raises the value of the coin, but users who do not know how to think... and act only at the level of instincts. There was news on Twitter about Doge from a man of great reputation and everyone rushed to buy and sell their tokens. Maybe I'm wrong, but it looks strange.

Elon has been a vocal supporter of doge even years back. So it is not surprising, if he is now giving some support again by means of tweets. I don't think he is just trolling here. But the prob here, those noncrypto users will buy doge even without prior knowledge just because Elon Musk tweeted about it. And they will blame Elon for losing their funds.

There are some people think that if elon becomes one of the doge producers in the ascension, but in fact it is not true that doge has increased because there are special factors and elon musk is only one of the supporters. I think people think that if Elon Musk controls the doge it looks like they'll regret it later on because they don't know the real market

Can we say it's just a coincidence he still tweeting about Doge and since he is a powerful man being the richest man on Earth he can do anything, I believe he made an impact on his tweet and support of Doge, because if there's no other factor why Doge Coin increases then we can point this only to Elon Musk. 

He just trolling and we take it too seriously, you just don't need to think about it at all, but sometime I really think he holds dogecoin at certain degree and just trying to experiment on the FOMO by making some tweet or testing his influence.
Whether the market gonna get shaken and following his tweet it's definitely all because of the people overly glorifying his tweet but I'm certain that I don't want to miss his pump and dump train if reading tweet is what it takes to get profit LOL.

When I first became interested in the crypto industry (June 2017), it also seemed to me that I had missed the most interesting events and the price of bitcoin would no longer rise.  

So I started looking for an alternative to Bitcoin.  I started looking for the "new undervalued bitcoin".  I have invested in cryptocurrencies such as Dash, Monero, Bitcoin Cash ...

Perhaps Elon Musk has a similar motivation.  He sees Dogecoin as the new popular Bitcoin.  

At the same time, Elon Musk is a media personality.  

Therefore, he has the ability to influence the price of the Dogecoin cryptocurrency with his tweets.  He probably likes to do it.

Since Elon Musk likes the crypto industry, there have been so many changes to cryptocurrency, plus now with trends that continue to emerge then this will be even more confident for other investors to come, I know now it is more focused on the figure of Elon Musk because only in frequent touting Doge as his best coin, just look from low to high because it comes from his tweets, therefore now what Elon Musk said will be a significant change.

In fact, he really likes it, maybe some other billionaires will also follow in the footsteps of seeing prices continue to soar they understand how fast profits are in cryptocurrency.

If he really got hacked he would've announced it right immediately since it can be used for criminal activities like for example scamming people by DMing through twitter. AFAIK elon doesn't really care about saving face in twitter he just tweet whatever he wants and to save face just because hacking is definitely not him.
I believe he's more of just trolling  ;D not to mention he said that crypto might be the future currency for space exploration maybe he's just tinkering around testing the water while making a joke or memeing.

https://twitter.com/elonmusk/status/1357914696645414913

Another tweet by the world's richest person and nearly 10% pump as soon as his tweet comes.

I dont understand whether the guy is serious or just doing it to troll us.

Sometimes I wonder what if a news comes today which says Tesla has been buying Bitcoin secretly...!!!
If Elon has at least some of his money in crypto(Officially and announce) then market will sky rocket again..

P.S I know he has crypto...  8)

This is getting really boring and doesn't do justice for the cryptocurrencies we have that are working and developing. Doge was a meme and Musk is only giving hints that this whole market is a joke for him. I don't consider the Bitcoin logo he added to be important either. He is either investing a proper amount of his wealth into Bitcoin, or he should just stop discussing. I think that most people of his level are watching and laughing but are not taking anything seriously and this is how all these tweets appear to be.

Elon Musk make new tweet about doge coin today although not bigger impact but doge coin up about 15%, I think almost one week Elon Musk make two tweet about doge and become bigger chance waiting for doge coin on lower price to buy. Later waiting with Elon Musk tweet for make doge coin back to higher price, without any new tweet maybe look hard for doge coin back to higher price and keep in lower price for long time.

my opininon its just like a entertainment for him , another of my opinion ,he tweeted about try to REKT the short player , probably that the reason , but well , i still not sure about it, as we see right now , its like normal thing for doge , the price tend to stable at 5 cents even after another tweet. too much endorsement will become not special anymore right ?

Its a game for him dude! He likes trolling others, thats all.  ;D
Remember when he tweeted that "IMO TSLA price is very high"?
He's the richest person in the world. He doesn't do that to manipulate the markets. He already has enough money. He doesn't need more.

means if elon always tweet every week ,month or every year then all his followers will always believe him? and the price every week, month or every year Doge price can continue to pump?

And games are used to be fun which he is enjoying.

It's not a secret anymore why he keeps on doing that. Is he benefiting from that? it could be or it could be not. But that's one thing for sure is that he's enjoying all of the crowd taking notice his tweets and buying whatever he post such as bitcoin and doge. Although in bitcoin, that's a different thing, he's a known supporter of it who said that he only owns a few.

He's might be thinking that, he understands now the feeling of what John had done before.

He basically is a supporter of the cryptocurrency techbology and the wonders of bitcoin, and being a meme-loving man perhaps drew him to endorse doge on his handles, which benefitted well as the coin rose up to popularity and gained percentages ever since it was advertised. Or he may have an ulterior motive that he is hiding from plainsight which is somehow related to advertising bitcoin and doge on his twitter.

I think he should focus on his Tesla and space exploration project.. Now, he has a lot of fans but if people will get disappointed by him, it will not help his reputation. Maybe he was just playing, we never really what his real motive is, but we have to be smart guy, don't let a tweet change the market movement, otherwise we allow it to easily get manipulated.

Elon Musk have serious business enterprises that make a change in real life and let him have some entertainment once in a while by trolling the investment community be it in the cryptocurrency or in the stock market space and he keeps on repeating it often and all of his tweets are gaining much popular than anything i have seen in the public space and these sort of pump will not last forever.

We don't know what he is thinking but I guess he has his own reason why he is doing it, either he wants to get an attention by creating a hype to DOGE. But whatever his reason is, the overall result is favoring to DOGE currency.

So in my view, I guess he can gain something once DOGE will pump that much as it is pretty difficult to say also that he is doing it just to messed up the market as the market has been messed up already base on my view.

The possibilities as you say are always there but we don't know what Elon Musk got,
apart from all that I think Elon Musk is really cool because he just tweeted and was immediately influential,
and what will happen in the future certainly makes us curious and let's follow the developments

Almost every day Elon Musk make tweet only with doge coin, I don't know what happen with him and how long trader or investors most change with his tweet, I think enough just make bitcoin keep going up without waiting with Elon Musk tweet. If you make your trading depend with him the same playing hype project and you need to know when have to buy or sell doge coin.

I am not against him having some fun, he is a very weird dude and I can't really say that he did smart investments, he got money from both his own pockets into spaceX and also government and many other investors just to even make it feasible to reach to this level, and I am pretty sure that he is still not putting up any profit at all right now no matter how many satellites he is taking to the space.

Secondly tesla is one of the biggest car manufacturers in the world right now, they are literally building robotic systems that will put the cars together and trying to reach the demand they are getting, that is how much they are selling right now, yet they weren't profitable until very recently, don't know if that changed.

So long story short, "having fun once in a while" is fine and all but while you are losing money in billions, have fun in your own home or at least not out in public against the whole globe, find something that is not viewable by 2+ billion people.

He'd been known eversince in seeing potential for altcoins or crypto, being a personality who admired by many in terms of business and investing it's no doubt that he can create hype anytime he wanted and many will follow, following him can help us in day trading just make sure we're able to monitor it and sell it in times that the hype is over since we still need to verify by ourselves if the coin is worth having in long term.

I am also noticed about that, Elon musk tweeted again and again about dogecoin. And we can see the effect of his tweet on cryptocurrency market. Dogecoin market pumped much after his tweet.

I have absolutley no idea why he is doing this but im glad to see how my doge savings in ownr wallet are growthing.
In my opinion, Musk just earning millions on doge pumps and dumps

I heard Elon Musk's name for quite a while now even in Facebook. Did he invest something to DOGE?
From what I am hearing, he seems to promote Dogecoin from his Twitter and it is kinda being trending among my friends right now.
From the looks of it, it seems like just another celebrity or rich dude promoting a random coin. Not sure why didn't he go for Bitcoin though.
But I'll take it.

Because doge ia cute hahaha lol

To me the crypto market is all about manipulation, you hear word like "WHALES" all the time in crypto space and I kinda believe Elon probably has bought some bad of Dogecoin and wanted to trigger that price move upward to dump out or that was just a test to see how the market would react to him twitting about crypto because if you remember, he has also displayed Bitcoin in his Twitter Bio some months back and today 8 Feb 2021, Tesla announced investing $1.5Billion on Bitcoin resulting to Bitcoin price movement again up to $44K+.

So again my guess is, Elon using the Doge news to test how the market would react to his tweet but Bitcoin was actually his aim. 

His name is big enough to manipulate any markets and he seems to be testing the crypto community and his followers who are in crypto, whether they are loyal to him or not and will they dive their money into anything he suggests, or not? He has been cleverly playing with the sentiments of investors while also investing in these coins now to boom the crypto industry. While all that he is doing for crypto is good, it is looking worst for an Average Joe investor who will think twice before entering in these pumps as it may give an experience that he may not even think of.

Yes, because Elon certainly really wants to take advantage of crypto. maybe after he tried it with doge, and the results were pretty good. then he will try the same thing with bitcoin. and finally today Tesla invested $1.5b in bitcoin. I'm sure Elon had taken this into account, and bitcoin then shot up straight to $44k

Elon probably bagged a ton early days. Now he be pumping ;D

It is concrete unethical to buy the altcoins and tweet about their potential, direct speculative subjects should be prohibited on crypto social media. The speculative tweets are the reasons why many traders Rekt so fast, I have no idea why Elon does this if there is no interest by him. The Elon speculator just shills the coins which he has bought before the tweet. The new naive investors will be the next victim if the total market goes down. I don't think the market will go higher than this rate, so it is not interesting to buy new shitcoins.

It was amazing the influence of Elon Musk's tweet, which made Dogecoin prices soar,
but despite all that I personally wonder why Elon Musk posted that tweet,
is he just for fun or is there some purpose we also don't know,
the most important thing right now is to just follow the development of Dogecoin

get yer tin foil hat... DOGE has a history of frunt running alt season... maybe he was hyping it to trigger an alt run while he bought up his 1.5billion BTC  ;)

There's a rumour that many top people are paid by Top Holders of Doge coin.
Right now im prefer to avoid that coins instead of riding the waves.

The answer is obvious, I think that there are DOGE coins in his investment portfolio and he fixes the increase in the value of these coins in order to fix the profit later. This is my opinion.

This is only my personal opinion, but I think that Elon Musk love the semplicity of Dogecoin. The project is frozen and there are no improvment from years but it's probably one of the easiest cryptocurrencies and a way for arrive to the mass adoption

"Why Elon Musk Again & Again Tweet for Doge?"


Now it is clear why he did it.
He simply diverted attention, inspired the public with the idea that cryptocurrency is not a serious asset, just a game, and at that moment he secretly acquired bitcoin, maybe other crypto assets, Ethereum.

whatever it is , now doge has pumped already so heavy , and for sure , nowdays , doge its no more than gamble game if u buy it, since it will explode anytime, i am not see any correction on doge . a billions dollar already injected to doge , which mean some whales over there waiting the right time for unload the bag.

if he can tweet coins like Doge Coin there is a big possibility that he will also tweet top coins in the market, he just want to show developers and traders what he can do with his tweet, and now we have seen it, many coins are going to follow if they request to Elon to tweet or hype their coin, he is the new McAfee now, I hope he is better than McAfee and only support good project.

it is an attempt to get people to buy a doge while he tweets and also invest in it with the aim of increasing the price. when the chart starts to go up and a lot of people start buying, he will sell it when he gets enough profit and the person who bought in the middle of the trend and hasn't sold yet, will lose.

it doesn't hurt to support such a strategy, the important thing is that the market is pumped up and can get a profit. but still be wise in dealing with current crypto trends, because the scam is bigger, different from crypto in previous years.

Maybe Because the Doge coin is seen as a coin that is starting to grow and has the potential to be more valuable, Elon Musk sees this potential as something that needs to be supported. so he made the tweet.

Of course he found out that he can increase the price of a dogecoin if he tweeted, so the second time I'm sure he already invested in Doge and tweeting it again to make profit easily. I don't think Elon Musk was just tweeting about doge with no reason for sure he invested it.

I think this is just a distraction.
While everyone was thinking about the DOGE, he bought Bitcoin.
If he wrote about Bitcoin, he would have to pay a lot more for it.

Maybe this is an experiment. I don't see any valuable reason for Elon musk to jump in top DOGE. Meanwhile he bought Bitcoin. This is like a drama. I obviously know his plan is another. We can realize what he did throughout this bull run, at the end of 2021.

6. Shill it out to release his bags
7. Getting fun of the market fellas
8. Trying to poke out interest on other billionaires and companies.
9. Trolling

It might easy to follow someone but never ever let yourself to be heavily relying on it.

Elon Musk is now getting attention from SEC for his twitts regarding Dogecoin. He is being investigated for manipulating the crypto market. Though it is much different than making rise and fall of Tesla's shareprice as it doesn't directly effect anyone, using one's position to manipulate the market for whatever reason could not be called a good move.

If it is actually happening, I respect SEC because being such a famous and rich guy there are certain responsibilities you carry when you make tweets and one should not just pump the market using his influence unless there is some solidity behind those comments. I am really curious what answer he has to specifically promote "dogecoin" only.

I never followed him too closely but his image in my mind was a hard working and very public kind of guy who is working for mankind but it seems like he has some shady tools in his arsenal too.

Oh man all these rich guys are so dumb, earlier he made Jack Ma look like an idiot when they both met and the video is here (https://www.youtube.com/watch?v=f3lUEnMaiAU) if you want to check, now he himself turns out to be a fool.

I think he's trying to test people and the crypto market. Another thing twitter is a great place to promote something.

Well, from my own point of view, I think he's probably hodling a big bag of dogecoin, and he really wants to sell those bags in huge profits, so using he's position as the world richest, he knows that he's comments in the financial industry will always affect the market positively or negatively, so he's probably using the opportunity to pump dogecoin so as enable him sell his dogecoin lot in huge profit.

Maybe he is trying to manipulate the trend, stability and status of dogecoin in the market and sooner or later he will and he can manipulate the whole crypto market. We saw the effect of his tweets in doge coin and he can do it with other coins. If that will happen, there is always a sudden pump or price increase to a random coin and that will surely slowly change the trend of crypto market.

I also don't think he have direct interest in Doge. He is probably in crypto for a long time. Doge was popular a long time ago, it's almost like a lol coin now because of its supply. And because of that it's cheap. Easy target to manipulate, but purpose is just to promote crypto.

Do not invest in a token that has no utility or use, and for sure it's just going to be gambling investing in this kind of token in the market.

Elon Musk trying to manipulate the market by hyping the DOGE coin in order to pump it, I do not surprise if he invested a big amount of money into this token and this trying to hype it on social media to increase its market value.

For sure in the end, it's just going to be a scam exit, so just don't buy on the top, buy at the bottom make a profit at the top and then move on, don't hope for a long-term 1$.

He is playing with his influence. He is testing if a crypto or anything related to his tweet will suddenly pump. I just don't get that there are so many crypto out there to shill why would he choose doge where it has an unlimited amount of supply and no use-case at all. People are FOMOing to buy that coin not knowing what they are getting into. When people with large holdings of doge starts to unload, people who bought at peak price will surely lose money. He did it for many times and people still fall for it but now I think he stopped tweeting about it and some people already learned their lesson.

I just hope that Elon Musk doesn't tweet anymore because this has made a lot of people upset over the hype he's created. he can easily control the market just using his tweet. this should be a violation of what he did regarding the tweet. we all know that it is wrong. because he used it for personal gain, Regardless of the doge he had succeeded in pumping in no time

this is an answer to your own query but i want to know what makes the name elon musk co relate with the name dogecoin because i tried to read both names and i cant figure it out or you mean related not by thier names but behind than that but if im going to think of other reasons on why elon musk pump the dogecoin again maybe that is because  dogecoin is down again but isnt it a good thing that a famous personality such as elon musk are supporting a bullied crypto and also good if you are also a supporter of this coin doge because you can ensure a regular earning

That could be the case but some people said elon only owns small amount of the coin but to be honest none of us in crypto space really honest about the existence of our asset to not get unnecessary attention.
There's reason why elon keep tweeting again and again and maybe that have to do with him growing his asset but that's just my wild hunch, don't take it seriously, moreover tesla company already invested to btc so it's kinda possible.

In simple terms, all people who live in this world are aiming to make money and profit through whatever means, and what is very unfortunate is people who believe too much in others who already think of Elon Musk as a god in crypto, even though he is also an ordinary human who already has a lot of money, that's all.

The question is who is it? some rumours were also saying if the top holder of doge coin was elon musk consider the top holder was buying dogecoin before the end of last year and that means the top holder already accumulated billion of coins before it will start to pump it.
This theory totally make sense and it can be true story too. Doge coin is too risky right now to be used as store of value.

Maybe Elon Musk wants the price of Doge coin to continue to rise and grow like other Altcoins. isn't Dogecoin a very old coin with always low prices ???
I think Elon Musk would like to be remembered that only because of him the Dogecoin price could reach a higher price. according to my perception like that.

I don't know the exact reason about it. But I have a doubt that somehow maybe elon musk is related to the doge coin project. The relation may not be come from the beginning but I have a doubt. :)

After this tweet and pump dump drama I realise that "Only money can catch more money" and "how easy to increase own portfolio by the richest man" just a tweet and this help to become millionaire.

That's obviously what he does. And it's just for the meme that he does. I don't find any relevance of him being related to Dogecoin. It's already a long project that's been abandoned yet still operational.
A big market cap has already been with it and that's just the process keeps going on because there are several exchanges that supports it.

You can do better things with your time than thinking why Elon Musk likes a meme coin (dogecoin), how can any one here explain that to you if they aren't Elon Musk  ;D, he probably tweets about it cause he wants to pump up the price of dogecoin, or he just sees it as a meme coin which he can have influence over, since dogecoin devs abandoned the project, there was a time he referred to dogecoin as the people's coin,just make profits selling off your doge whenever he tweets and it goes high, no point knowing his reason behind tweeting dogecoin.

As far as I know, Elon Musk writes a lot of things on his Twitter and all this does not have to mean something. As for Dogecoin, then Elon Musk probably likes this cryptocurrency and maybe he wants to create his own cryptocurrency not from scratch, but from an already working one. But this is all guesswork, but in fact only Elon Musk himself knows. Personally, I think that we do not need to pay much attention to what people like Elon Musk are doing on social networks, since all this information can be just ordinary manipulation.

That is the reason why many people are supporting, following and idolizing Elon Musk, it is because of his being unpredictable when it come to decision making and future plans. He is a man of vision and integrity that is why many people including you and me are still wondering what is his purpose of doing this.

It's kinda funny if what you say is true regarding "He started doing it for fun"  ;D
I'm also aware that his tweets are pumping the dogecoin but I'm still not sure if he's doing it for fun or rather he has bought enough doge coins and now using his influence to pump that price which is unlikely but a possibility.

Because the laws of speculation in the world of crypto do wonders and if used correctly get you positive results.

Secondly his a businessman and influencer with a huge following so he might be vouching or shilling doge to get some of his followers or anybody that sees his tweets to use/invest in this coin... or simply trying to give dogecoin the recognition it deserves  ::) .

He's already stupidly rich, why would he need to manipulate a crypto market to make even more money? And the risk is there, the SEC already investigated him once over his twitter activity, I'm sure all his crypto-related transactions are closely monitored. He isn't some unknown guy who can move millions in crypto without the regulators knowing about it.

Contrary to many people's beliefs, Elon Musk, the richest man on the planet, doesn't spend all day thinking about Dogecoin.

In a recent tweet, he turned to growing criticism of his frequent crypto tweets, saying his Twitter behavior "definitely" did not represent the actual distribution of his wallet.

So maybe he just loves to "play" with the market through his influence on social media.

That's somehow true although he hasn't mentioned that he is literally doing that for fun. Because if he starts to mention it, Doge will drop and many of its investors will be rushing to dump the coin.
Doge is just a meme coin and if he's tweeting it in all seriousness, I don't think that he's really doing it. I agree that he's doing it just to have fun.

Maybe at the start, he was just trolling around doge. But I believe, this time, aside from fun, he is already serious about this. As he is invested in bitcoin, he now understands the importance of doge in the market. And I believe, he is not doing this for fun anymore, he, more than likely has a huge stash of doge.

Serious about making Doge the money of the future? I don't really think that he's serious with all the tweets he does. He finds himself powerful and can make the market move and do as he says. That's the twist, Tesla invested in bitcoin, and if he's serious with all the talks about Doge.
He should've invested in Doge instead of bitcoin. I cannot imagine thinking that $1.5B serious money will be invested to Doge.

That's right and there's no mentioned on some articles that he really bought doge and if there really is maybe it's just a little part of his wealth. Most provably his into bitcoins right now and he's just shilling it so that he can possibly grow his small part of his investment on Doge.

That is not a meme, ElonM just makes a fomo and enriches himself and his followers,,
pumped Dogecoin price up to $0.08 and now Dogecoin price is $0.05, stable at that price, this shows that Dogecoin enthusiasts have declined and realize that Dogecoin is not a good coin for long-term investment.
if I remember correctly a few days ago ElonM also tweeted again about Dogecoin, but I don't see any price changes on Dogecoin, maybe a lot of people are tired of following ElonM tweets :)

We don't really know but for sure it's all about money.

He will not stake his reputations for nothing, maybe if he's not directly into it there are armies of count that are working behind, people
who managing he's account so it won't directly hits under his name. He's very popular so for sure he knows that government can hit
him up if they'll see opportunities he's living where taxes are strictly implemented , he's not a billionaire for nothing.

I think there's an article that he bought but it's not for himself but for his kid, IIRC.

He's really into bitcoin. It's noticeable that Tesla bought bitcoins with a budget of $1.5B and that's a lot of money for buying bitcoin and everyone was shocked by that news.

He is by all accounts that sort of fellow from the couple of meetings I have seen from him Smiley.
Furthermore, he most likely likewise needs to wreck a little with the customary huge monetary institutes,I read a ton of suppositions about Elon Musk's activities on this market, everybody was upbeat about his activities, causing numerous individuals to astonish and sell their dogecoin to make a major benefit. So I am certain Elon Musk likewise makes a major benefit like others in light of the fact that, with his cash, he can have a major measure of dogecoin.

I think Elon Musk's enthusiasm for Dogecoin is confusing because it is used as a vehicle for speculation. Moreover, the reason is to make Dogecoin one of the internet currencies and the concentration of Dogecoin on a group of parties will make the price of this cryptocurrency can be controlled by big players. But basically don't know the exact reason why Elon Musk tweeted for Doge

Elon Musk is taking advantage of his position and playing with an already volatile market. It seems to me that if Mr. Musk had just invested his money without too much pathos, people would have more faith in his tweets and deeds. And so Elon Musk staged a real show with Dogecoin, a demo purchase of Bitcoins for a huge amount.

The show is interesting, but reliability and trust are much more interesting. And after Mr. Musk's statements, his audience was divided into two halves: one considers him a very intelligent and far-sighted person, while the others were disappointed. :-\

It's probably all fun for him, because Elon is known to love memes and crypto. I seriously doubt that he has any interest in the Doge, since he is currently the richest man in the world, there is no point in making money by manipulating the Doge's market.
I don't think there's a risk to his reputation. Doge started as a joke coin, so it should be regarded as a joke.

i don't know what elon musk is thinking that he keeps tweeting about doge and as we can see the impact of elon musk's tweet triggering a doge price movement in the market today, i personally believe that what elon musk is doing is not a good, thing because it could be that many traders are betting by investing their money in altcoins that do not have the technology applied to their project.
My advice is not to hang your fate just because someone's tweet because your fate is only in your hands.

But people do really take it seriously and once they've been wrecked with those common sellers then Musk would really be taking up the blame.Sounds common right?
Knowing that this market is highly reactive to sentiments and news where these kind of events cant really be denied to be that relevant when it comes to price movemen
specially if its hyped by the richest man in the world then you can presume out that he might really be buying up and no one knows if this guy had really
already baghold doge and made out some shills and funny stuffs on mentioning it but still no one proves out that this is kind of manipulative intention.
So it shouldnt really be taken seriously.

I didn’t knew that he’s a meme lover 😁
I also think he won’t risk his reputation by trying to manipulate a crypto coin specially doge.
Maybe he’s showing how easy it is to manipulate a crypto market by playing with the brain of people through hype.

He also interviewed Joe Rogan and said he didn’t have time for social media, but he goes on Twitter and he’s very amused by what’s going on there. It’s just a game, and fans go crazy.

Elon loves DOGE thats why
and why not?
 ;D

Even if there is some hidden purpose, there is no way to know. But I think Elon Musk just likes to mess up the crypto community and watch the results. Many famous people have similar habits.

It's possible that this is a test. Elon Musk has no good justification to invest in top DOGE, in my opinion. In the meantime, he obtained Bitcoin. This is close to a drama. I'm well aware that his strategy is a different one. By the end of 2021, we will be able to see what he accomplished during this bull market.

No one thinks that the sleeping doge coin suddenly pumps up the price so those who buy a lot and hold and it is worth their patience and who thinks that a rich man named elon musk will be interested in doge coin and he wants to promote it so I think there will be a future doge coin.

Everyone does not know what actually happened, but with the fact of the 1000% increase. Isn't it impossible that Elon also invested in Doge ?. The tweet he made himself is also not only 1X about Doge and this can be an indicator that he is also investing in Doge. In terms of value, we all do not know exactly how much Elon invested. But manipulating with his influence is very easy for Elon Musk

I see no reason for such a prudent and forward-looking person like Elon Musk to invest in such a useless and unpromising project like Dogecoin. In general, this story with the promotion of Doge raises a lot of questions and ambiguities. It seems to me that any self-respecting investor does not even consider such options seriously.

Either this is Musk's very secretive plans or just his way of having fun.

I can remember the that tweet I read from him that’s talking about Dogecoin was when he said that he will only invest in Doge and support it if those whales should dump their bags, so I’m guessing his plan is to buy Doge at a cheaper rate than what it is now.

It can as well be possible that he has already invested in Dogecoin privately, he can do such a thing and keep it to himself and no one would know about it. Seriously, anyone can invest in cryptocurrencies without the public knowing about it, so what if he’s just doing all these things to create speculations that will lead to more investment from investors, so that the market can get pumped?

Because it is a fun topic, fun coin , fun meme coin. Elon is wdiely known who is pro meme's and uses memes as well. He overall is very communicative and fun person, with great imagination and bussinesship. A good example is how he managed to rise funds selling flame throwers. But dont even suggest that he is trading doge coin for his own gain, he does not have time for that and no need.

most likely to raise the price simply because he can do it... I don't even dare to imagine that he invested in it (but maybe some of his friends do)

It's likely this is a set-up for a test. In my view, Elon Musk has no reasonable reason to invest in top DOGE. Meanwhile, he was able to buy Bitcoin. This is on the verge of being a drama. I'm well aware that his approach is distinct. We'll be able to see what he did during this bull market by the end of 2021.

or maybe DOGE army are madness?

Dogecoin is manipulated by Elon Musk's tweet, but l don't know why exactly Dogecoin. There are a lot of profitable coins which can be preferred and l have never preferred investing in Dogecoin, but any exaggeration to say that if Elon Musk is so interested in investing in this coin, maybe there can be any chance. But overall this project is useless and has not purposed. However to tell the truth there are a lot of people who can make a great profit from this project.

I think Elon Musk is just having fun. He is one of the richest people on the planet and it is quite possible that for him this is entertainment, ridicule. Maybe he's doing it for his own benefit, too. It is also impossible to exclude the fact that he helped a lot of people to earn money

He likes to make jokes and to share memes with his public and dogecoin is known for being the funniest meme coin of crypto universe, I think that is why he chose this one. Although Elon Musk is promoting doge a lot recently, his last messages suggest investors should be careful when investing in crypto currency because so far it's a speculative market.
Sometimes he talks seriously and sometimes he plays a lot. People just need to stop taking him seriously when he is kidding, so they will be fine. Idolatry is poison.

Let's hope one day Elon will find out about the DogeBNB.org token and then we moon-like Dogecoin. We basically have designed our doge the way that Elon should love it. 8) 8) 8)