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I came across a news today that Elon Musk was sued for pumping doge coin and rumour of the pyramid scheme in doge coin isnt very clear to me yet, if you want to read the news here you go

https://www.bloomberg.com/news/articles/2022-06-16/musk-tesla-spacex-are-sued-for-alleged-dogecoin-pyramid-scheme

From the article,

I don't know if the guy even have a legitimate case against Elon and Tesla. I'm not a legal expert but all I can see is someone or some group who bought Doge out of FOMO and blamed all the losses to another person. I have seen some dog memes on his tweets but I haven't seen him say "buy". Should that be considered as saying "Doge is a legitimate investment"? That doesn't sound right to me but that is for the court to decide.

First, how would they say that Doge is a good investment on the first place? And yes, I don't think they will have a case against Elon, probably Musk will just laugh it off. It's not that Elon is the owner of have total control of Doge. Sure maybe he did some influencing on the side, but we all know that Elon is sometimes a troll and I would put everything with a grain of salt to everything he says against or for crypto like Doge. Sorry for those who lost their many believing what Elon is saying in his twitter or any other social media accounts.

Are they very stupid to consider doge coin as an investment? yeah those who sued elon has no brain. They were seeing meme token as an investment while there are bunch of awareness if meme tokens were only for funny or gambling purpose. So, they were sued elon when that was their mistakes which was a non sense thing to happen. They were not even using their own due diligence. When they were making mistake and they were suing or blaming others.
What bunch of stupid people.

This was expected, some stupid "investors" buying a crypto asset during its all-time high due to FOMO and then when the bear market begins, they cry foul, as though someone forced them to buy the coin or token at gunpoint. I saw these kinds of cases in the last bear market.

It's like rushing to gamble in a casino and then when you make losses, you start suing the casino for being fraudulent.

I think Doge will do fine long term.

True, inexperience investors who think that everything Elon touches turns into Gold? And now that we are in the bear market, and people losing money, just a matter of time before they point some fingers to those person responsible. Musk won't deter by this news, and as for Doge holders, I'm sure they know that this is just a meme coin, nothing more.

Before Elon Musk pumps it, Dogecoin was below $0.01 and today it is traded above $0.05. I don't see any trouble with Dogecoin but I know people who bought it months ago, did not exit, are in troubles.

The bear market only started so it will have more months to complete. It means the trouble for Dogecoin holders will be long too. Dogecoin is one of very few altcoins will exist in the market. First it is a Proof of Work coin. Second it has many utilities. Third it has very big communities.

It will be here so you don't end with bankruptcy if you hold Dogecoin.

At that time, maybe Dogecoin was a good investment, but now there is no guarantee for people to invest. Take a look so far, Dogecoin has been running quite slowly in the market, there is not even any movement for now. Talking about Elon Musk, it can't be separated from Dogecoin. but speaking of opportunities this is unlikely to happen again, I think dogecoin will only fill the market at a level of stability, but not at a maximum selling price

as I know every crypto exchange in the world writes noted: Invest in your own risk. So, Johnson is making a mistake if judges Elon as a criminal, a Ponzi scheme. Doge come a long time ago before Elon know cryptocurrency. So if Elon is the creator of Doge, he can do that in court. Or it's just a strategy, bad news is good news to make Doge to be great again by associating the great name Elon in crypto world.

For now, the price of Doge Coin is only in the middle because even if it goes up it won't be as expensive as last year.
We see now that even Elon Musk can do nothing to support Dogecoin to grow back like last year because many of them expect Dogecoin to continue to increase in price.

It's actually laughable to hear that Elon musk was sued because of the fact that he chose to support dogecoin. It's a known fact that cryptocurrency is volatile and not a sustainable investment. Every persons in the industry is operating at his own risk and shouldn't blame anyone for his losses. I'm certain that the case is a ploy targeted at something else because I don't see them having a case against Elon musk.

It's like some people are turning themselves into toolbars for influencers to create a game for themselves. When damage happens, they will blame those who trapped them. Personally, I don't think Elon Musk is so great or bad, but blame yourself when it's only for basic reasons that you believed such people. When the profits hit, a lot of people praised him for providing an opportunity, and when it fell, we said he was an asshole. Honestly, Dogecoin was never something I found worth complaining about. When it's like everything else going on in this space, it's also a prime case for pump and dump people to take advantage of it.

This case won't have any base as people have lost billions in the market so whom would they blame for this? In the first place you should have used your brain before investing in dogecoin that is this right choice to invest your money into? A simple meme coin that serves no utility to holders would not survive the market for long run and it has been proved.You invest under someone's influence is solely your mistake in hope of earning high profits.

Don't people understand that the crypto market doesn't always promise profits???
If you feel wronged by your own choices and blame others for what you have done is it worth suing?
So what about the people who make big profits at that time? doge will remain and will never be destroyed like luna.

Except for Dogecoin, most of the cryptocurrencies in the market are experiencing declines. I don't think it's just Elon Musk personally who is affected by the information he said, and now many people are talking about the responsibility of those who directly affect the price of it. It's also amusing when losers feel sorry for their stupid actions, blaming themselves rather than the situation, which is almost always the case in the investment market. Not for everyone who is happy, which is unfortunate because it will continue.

actually I don't have more knowledge about doge coin, as far as i know dogecoin was promoted by an elon must so that the price has increased rapidly last year, even though now the price of doge has fallen very deeply but i see this year the price of doge can stay at $0.05 this means that doge has increased slightly from last year where doge has fallen at $ 0.01, and until now I don't know what the problems are with doge, what is clear is that until now doge coin is still in the top 10 CMC position.

I'm not going to say it was a false claim, however, losing investors will do something to claim their profit rather than accept their losses.
Although Elon Musk is getting involved with Doge, he was not entitled to have this issue as it was you as investors who had the responsibility as well and I guess there are no promises been made between EM and the investors. In fact, we know the background of this project but still, some people become blind to not see it.

I don't think DOGE could be in trouble because of Elon Musk. Most likely any altcoin is in trouble right now because of market decline, so DOGE will not fall more than other coins. Well Musk has had a lot of complaints for a long time now, and DOGE is the easiest of them all. In fact, it wouldn't be a bad thing to hold him accountable.

When I read the article, I realized that the person who sued Elon is just crazy, there are just astronomical amounts.Most likely, the person wanted more PR to his personality, but definitely not justice.Apparently, this is why this news did not spread to all the media.

Since Dogecoin Core 1.14.5 was introduced last year, Dogecoin's fee reduction plan has been a focal point for developers. At the time of publication, Tesla Inc. CEO Elon Musk called the fee reduction proposed by a lawyer for meme-based cryptocurrency significant.

Doge and Elon Musk? They are certainly in big trouble because of encouraging people to invest with this meme coin. It is so many times that Elon Musk hyped Doge and many people got tricked also, several times they fall giving losses to the investors. I think it was enough for them, I hope this is not just a rumor but it is supposedly the time to stop Elon Musk from participating in crypto and promoting Doge. They actually not helping anymore but sadly, a reason for losses.

It's the normal thing, to blame others for your own mistakes.
When did Bitcoin and Ethereum investors blame Satoshi and VB for buying their discovered projects/coins? It's an investment with high risk and just because EM was the face of the Doge now doesn't mean he owns it.
I am just amazed at how they can waste more money to sue him after wasting so much at buying Doge and being rekt afterward.
Rich people. I can't understand them.  ;D

Why blame someone just for being able to create a pump and not being able to maintain it properly? I personally don't want to blame Elon Musk just because he is able to pump Dogecoin but is not able to maintain it properly and I think that is a very reasonable thing because Dogecoin does not belong to Elon Musk even though he himself has been called the father of Dogecoin, but still it's just a word that was born by many people because basically he didn't create Dogecoin, but just pumped it into the market. So what's wrong with that ?

What happened to dogecoin when they had ATH I think is very unnatural. Why would someone as rich as Elon Musk want to spend most of their support on a coin that their core team is no longer developing? I think there is indeed something bad about this, nor am I following the dogecoin trend because until now dogecoin is still a meme coin as a community coin not a long term utility.

Lol blaming Elon for their own stupidity no one told them to buy and now they are crying because of this bear market sell off, If you are a wise investor you will not easily fall from Elons words and you know how risky to enter crypto.      

I agree with you, Elon Musk doesn't ask to buy, just makes a tweet. thinks it's a good potential for people, it's just that he has a big name for the world and people who think that tweeting a way for a crypto to go up is not quite right. I don't think the price increase is not only Elon Musk that makes it but many other investors

The price of Dogecoin may go up in 2028
Each year, cryptocurrency experts prepare forecasts for the price of Dogecoin. The average cost per year is expected to be around 1.01.

People are so stupid to blame others for their losses, investing in Cryptocurrency should be your decision based on the what it can give to the community and not from a tweet from one guy, its your own fault if you believe in the tweet and hype, if there are people who lose their investment, there's also a lot of people who made a lot when Dogecoin is pumping, the Crypto market is very volatile if you blame others for your losses, you should not dip on it.

trouble? to be honest I don't see Dogecoin having a problem, instead I see support for Dogecoin,
yes it is support from Elon Musk, why be afraid if you have Hold Doge from 2019 or 2020 it's time to relax,
and maybe you can set it aside for the long term.

This matter of suing elon for dogecoin just gonna be a bygones, in 1 week none of us gonna care in regard of this news at all because it's just silly for blaming other people for their own losses.
elon even never really recommended anyone to invest in doge, he just supporting it and nothing more, also, most of the time it's the masses that randomly interpret the meaning behind elon's tweet as if it's the sacred investment advice.

Maybe it's time I blame my landlord for giving me a room that doesn't make me win the lottery  >:( . Kidding aside, it's dumb to blame someone for dumb investment stuff that we did. Did Elon even specifically say in one of his tweets that he wanted people to buy DogeCoin since it's a good investment even? I don't really follow him so I'm not sure, but I am familiar with him saying that they accept Doge and it was better as a payment compared to Bitcoin.

Well I don't think Doge or Elon would get in trouble here, investing in the crypto market is all about taking the risk to your own. Heck they wouldn't be complaining now if Elon indeed manipulated the market and they profited now would they.

Doge is just a meme and it really gets attention when it is shilling by Elon, if Elon gives up doge then it is true that bad things will happen to doge and it will return to the real value of a memecoin.
As for Elon, he abuses his popularity to hype the doge, but buying the doge is up to you, so you can't blame others when you lose your investment. Crypto investing is very risky and governments are warning and even many countries still don't have enough laws to protect investors, so you have to take responsibility for your own actions instead of losing money blame others. The money is in your pocket, he doesn't put a knife to your neck forcing you to invest.

A logical finale to the blatant manipulation that has been going on since 2020. If the court takes the accuser's side, DOGE will have a very difficult time, because the main catalyst for growth, represented by Ilon Musk, will no longer PR the coin and pump up the price with his tweets. It is surprising that back in 2021, no one seriously took up this manipulation of DOGE and did not bring Musk to serious responsibility.

Every time I read tweet by Elon or every time I know a news from him, it will be related to certain coins, Doge especially. Well, this may work at the past time. But in fa t, this doesn't work at all right now. Many cases give certain influence to the crypto world. Some people may still be influenced by the news. But many have been aware of what to believe and what to stay calm.
Doge may rise and down like other altcoins. Only with certain big case it may be able to rise up again, but not as much as previous.

This is a meme token, what can we expect from this?
Though Elon really did make some tweet hyping this project, since he is a big guy most probably he is responsible for his every tweet especially on hyping a not so good project. Well, let’s see if this will continue since we know once you have the money you can settle everything, but this is good initiative and a wake up call. DOGE will remain a useless token for me.

It's a coin.

That's a $258 Billion lawsuit so the complainant has a lot to gain if Elon is found guilty of manipulation. I don't think that amount will be granted by the court but I bet it will still be substantial if they win.

Not trying to throw anything here but the timing of this move doesn't look good. It came after the most watched trial case involving a girl that's he's in a relationship with.

memecoins in general are honestly just a pyramid scheme and nothing more. So it's kinda obvious that at some moment someone might sue it for incurring loss towards many's investment.
but I doubt doge gonna be in trouble since I'm sure that many before hand have understanding that shitcoin could always incur losses, that's the reason it was considered as risky investment since the volatility is higher than average.
So basically this is just a normal thing that someone feels they are getting wronged and deceived although elon himself never pursue anyone to invest in doge.

The issue is getting hotter on social media since Elon Musk is a known person. It really get the attention of the public and the majority had already known this. But what gives me more exciting is to see how these Dogecoin holders think about it or decided to sell their coins at this time. I'm pretty sure this will create panic and worries for them, and most likely, this will help to dump their price even more.

This is the thing I've worried about, someone involved in a hype causing major losses to the investors will hold responsible for it and this is what it happen to Elon Muck. He does too much to Doge and takes all the blame, that's the consequence.

In my opinion, this is complete nonsense, and someone is just trying to become famous for suing Elon Musk. DOGE is a decentralized coin that has its own blockchain, so it's obvious that it can't have anything to do with a financial pyramid. This lawsuit will end after the first hearing in which blockchain expert will be called.

The highest that could happen is doge coin losing significant value just like many altcoins due to bear market and as for elon musk getting sued this is simply stupidity from the accuser, doge coin performs just like other altcoins, if anyone like Elon invested such big-money on other altcoin in the market it will surge as high as doge coin did, this is 100% normal.

Neither DOGE nor Elon will have any problems because of the shilling and the pump. You can also blame CNBC for telling people how to buy Ripple at $3 at the peak in 2017, after which the price dropped 10x. Elon is a manipulator, no doubt, but he did not commit any crime by talking about DOGE on twitter. It is your choice to follow the tweets or not.

The DOGE Coin has huge potential, but a lot of space for errors. We will see how it will change in the future and whether it will become a currency used by many people. With the DOGE case today, it proves that the increase in crypto prices depends on demand and supply and if we look at DOGE the supply is unlimited and now there are 128 billion coins circulating in the market but how come the price can go up?

One more thing for the DOGE-1 mission to be postponed to summer 2022 maybe around August - September, this is the analysis from various DOGE analysts. We wish Elon a long life, good health, and success for his children so that they can become DOGE's successors in the future.

I think Keith Johnson's lawsuit against Elon Musk, legal record, from the articles I read the points I got stated.

It can be concluded that Elon Musk only said Doge was an investment, Elon Musk did not deceive Keith in this case, he should have known the investment risks, why Keith trusted Elon, it seems like a case of legal defects.

That's what they got from buying at the FOMO and crypto is very risky, they cannot blame elon for that because he is also investors to crypto especially to doge coin. Crypto is a very risky business that's why influencers or big names like Elon never suggests for financial advices. Doge coin will survive though and we have bearish market, so it is expected for the price to go down.

Mr. Musk is a smart person who knew very well that promoting Doge coin indirectly is not going to create any trouble for him in future and I don't think in this case he is going to face any kind of problem as we know that we are responsible for our investments in crypto so blaming someone after facing the loss doesn't make any sense after all Mr. Musk didn't say that invest in Doge coin, it was the people who has fallen in hype and invested in Doge coin when it was on full peak, some were lucky and some were unlucky it was just a matter of time. It happens in crypto there is no need to blame anyone we are responsible for our decisions.

Suing an Elon must is indeed a very crazy thing, because in being able to do anything with the wealth he currently has, but for the issue of doge coins is indeed very influential with Elon must since he holds the coin and many investors feel that doge coins are gems for the future, but I have doubts about this because currently there are still many shortcomings in the project even though there is already a handle on people who are very influential.

It's crazy and a waste of time if you really want to sue Elon Musk considering the wealth he has is so insane that it would be a waste because he can do anything and it seems so,
talking about doge coin I think we need to see it in the long term and his team need to do something so that every investor doesn't hesitate,
we'll see in the future what the development of this doge coin will be

It is undeniable that Elon Musk can manipulate coin prices just by tweet on his social media, actually I don't think he's completely wrong, because people's dependence on his words is very influential. The cryptocurrency industry has changed since the entry of some big names like elon musk, because often the price of coins has decreased when criticized by elon musk. Looks like it was manipulated

For those who have not been affected or made a profit, they will have many reasons to complain about Elon Musk's actions, but for many market participants, they are just buying without knowing the risks involved. The blame always happens. I see Elon Musk both playing the role of a victim as well as a manipulator in this space. The fact that he knows himself as someone who will cause huge waves and is always looking to shill dogecoin publicly. For those who have been in this market for a long time, there is a view of Dogecoin as a game, and the fanatics are only talkative and impractical about its future.

hahaha, I laughed to myself when I saw the news.. I'm also confused about whether to say "Keith Johnson" is stupid or what! if there is such a decision then everyone will also sue satosi nakamoto and Vitalik Buterin right!! :D

"It's better to work as a clown for fagots than to work as a fag for clowns."(C)
This is what happens to Elon and his coin. And this situation will continue for a long time, when the price of a coin changes greatly from the posts on Twitter of one person.

There isn't any "ponzi scheme" or whatever people think, there is no pyramid, nothing of foul play. The only reason this is done is the fact that Elon is an idiot, who doesn't understand how financial system works.

Just a few years ago, he made a joke about "rebuying all tesla stock at 420,69" which is basically 420 is a weed related joke and 69 is... well you know 69 :D but at the time the price was much much lower of course, which meant that he was speculating the market and making people lose because even if just one single person bought tesla stock with the opens of selling it at his joke price, then it was illegal. Same could be said about what he did with doge, and that is why he is in legal trouble again. He doesn't understand that you can't joke about financial markets, it doesn't work like that.

He won't manipulate people if they wouldn't allow him. The thing is, some investors listen and believe in his shillings and remarks about Doge coin without noticing that he's already manipulating it. Elon Musk does it for the benefit of his own business and it's all about money. Those who listen to him are people who don't do their own research and just rely on hypes.

I also don't understand the mindset of people blaming Elon Musk, even though when there is a good pump on Dogecoin almost everyone praises Elon Musk and I think "Keith Johnson" is also one of the people who praise Elon Musk. And about taking a loss in the current market conditions I think it's a natural thing and has absolutely nothing to do with Elon Musk even though he was able to pump up Dogecoin in the past. Because any pump on cryptocurrencies cannot be made alone, so when there is a price drop, everyone who belongs to a community like Dogecoin should also take care of it very well even though it is not an easy thing.

obviously justice is not going to condemn Elon in any case, since it would set a precedent by which all those who made positive comments about bitcoin could be sued

it could happen that when dogecoin reaches 1 dollar Elon sue Keith Johnson for slander or libel

Did I see that the DOGE coin crashed so Elon Musk can blame it? I wonder if Elon Musk asked you to invest in Coin Doge? Aren't you following Elon Musk at your own pace and when the Coin Doge price drops and you blame Elon Musk, is that a fair move?

Yes, that's what I mean. After a correction occurred for the price of doge, the public accuses Elon of being the main cause of the decline in doge prices in the market. I have seen this for a long time that what is being done is for the benefit of Elon Musk's business and to increase the prestige of his products like Tesla for example. And what Elon Musk has done is successful and has an impact on the market

It's not a pyramid scheme but basically sometime people were accusing elon for pumping doge coin and they can't even prove it. I meant this accusation will be coming once crypto enter into the bearish market. People are being frustated to see their portfolios are nothing from day to the another day.
These days sentiment is so unpredictable and that's why some people became even so mad caused by that. They were starting to think about various theories that were not even true story.
Those people are so mad

Any court of law that welcomes this accuser is lame, its easier to see that this accuser only want money and also Dogecoin is decentralised and thank God for that, this would have turned into something else, also thank God Elon isn't part of the team at all, he just made a pick from top 10 coins lol.

As far as I know there is no problem with Dogecoin, if we all look at coinmarketcap also Doge is still in the top 10,
we know Doge is not a Meme coin, but more like Bitcoin, and what is very interesting about Doge is,
they will be used by Tesla to go to the moon, this is what makes me sure Doge will also go to the moon

There is no denying that Elon Musk created the hype all around Dogecoin and the entire meme coins started to rally because of the hype created by Elon Musk through his social media page and hence meme coins like Shiba Inu came into existence and there were many who entered the market simply because of the hype created by him, but to blame him for the loss is ridiculous as i cannot find any tweet that says to invest in it even though he was hyping them.

from what i see since years the doge coin has always been a meme altcoin and now it has become an elon toy, or rather it has become the biggest pump and dump scheme, i don't know how people still don't realize how doge coin can be a dangerous investment. Imagine if one day elon criticizes dogecoin and sells all doge coins? the price of doge coin will suffer a big drop, so I wonder: how can this type of investment be considered good?

lol, why did they sue elon musk ? We can't sue people just because we can't sell the coin with the price we want.
All Elon did is just make a tweet about Doge coin, and strangely many people bought the coin after that tweet. We should be ready to lose our money if we want to invest in crypto, our money is our responsibility, not other's.

Even the creator of Dogecoin says it is a Memecoin, what makes you think you can decide it is not a meme coin?

Correct, and the interesting part is that dogecoin has been a meme coin from the very beginning and it was declared as such, and since this is the case then I do not think there is too much of a case to try to accuse Elon of any crime, and if to this we add that Elon is someone that not only holds a  great fortune but that also has a lot of leverage even on the higher spheres of the government then I do not think anything is ever going to come from this lawsuit.

If Elon Musk reads the news, maybe he will smile. Yesterday the giveaway in the name of Elon Musk re-appeared on Instagram stories automatically. We don't know who did it. It shows that everyone can do anything using someone's popularity. In fact, many cryptocurrencies that are emerging today also sell other people's names that are already popular without their knowledge.

The plaintiff should prove where he found "defendant's claim" as far as I know if there is no evidence the case will not corner for defendant. And it's just a blank paper, if the defendant wants to retaliate with this defamation case, it could make him richer and become a boomerang. According to the article, investor's losses a big funds, I wonder.

A few days ago I also read news about a lawsuit directed against Elon Musk regarding the Doge Coin pump problem. However, on his twitter, Elon Musk even tweeted that he still fully supports doge. So I think Elon Musk is very relaxed about this problem. so that the doge coin even rose when the tweet from elon was written by elon. so i guess doge would be fine too.

I am surprised what people demand of a memecoin. If Dogecoin were worth a dollar, its capitalization would be the same as Ethereum.

Elon said that he would support Dogecoin, and so far he has kept his word.

The coin remains in the top ten, it is the second or third crypto most popular.

If we consider the usefulness as a currency in social networks, ease of entry, popularity, friendliness, or transaction fees, Dogecoin is currently the best positioned among 20,000 cryptocurrencies.

If Dogecoin is a pyramid scam then ALL crypto is a pyramid scam

That's what I said, for now dogecoin is quite difficult to develop at a high price, because this kind of coin has developed and is starting to be abandoned by investors and buyers, even now the market is in a stage of severe correction, so it is difficult for any coin to strengthen in price. which is so high, especially since these altcoins are not very popular with people. So, I think that in the future it will be difficult for Dogecoin to be at an expensive selling price

Elon doesn't have anything to do with this because he knows exactly that this kind of thing would happen in the future and he speculated it right. once the person behind the scheme gets caught, he would be the only one who will be thrown in jail and Elon will not be reliable because all he just said is mere speculation. That's why we don't take their words and make our own personal research because when money involves, almost everyone has their own words about it, and yet when the time comes what they said was wrong, they will gonna wash their hands and turn away from those who believed them.

In every case of Dogecoin's troubles, Elon Musk is there to assist. It doesn't make sense to provoke anyone to considers it a legitimate investment. There's enough crap being promoted by social media stars. A good example needs to be made out of him.

Dogecoin used to be a favorite of mine, but I see a lot of ups and downs. However, the FUD keeps coming. As a result, I do not see any interest in owning it in the future. It's time for Doge to return to sub-pence. Depending on the market and sentiment, my portfolio varies. Because no one has the answers, nothing can replace research, research, and research.

I don't understand why Elon was sued because of the memecoin posts that are always on his twitter.
if Elon promotes Dogecoin by posting "Buy" then it can be categorized as an invitation, I don't think there's anything wrong, because someone posted a memecoin and Fomo happened, then new investors thought that Elon gave a code to buy, even though it wasn't in that post, All forms of investment have risks and those who guide Elon seem new to the crypto space.

Doge coin will be fine, Elon isn't like the deceased Crypto Shiller aka John McAfee, if you are talking about a pumper he is the perfect example, John will pump and coin, take his profit and never talk about the project ever again, in the case of Elon Musk he is a true supporter, he picked one, stay on it and keep supporting, John like more than one, even create his own token and abandoned it.

Elon Musk has a lot of capital and, accordingly, his interests in court will be represented by the best lawyers. For this reason, and given the fact that Elon Musk's guilt will be difficult to prove, the plaintiff has no chance of winning the lawsuit. In addition, this trial may take several years.

the worst thing when investing in doge to get a very big profit is just because elon musk and buy when the price is high.  And now they are sure against Elon?  it's a joke, how strongly they believe they will be able to bring it to court.  So far it's just a rumor about a doge on a pyramid scheme

There's so many twitter influencers and youtubers that are doing the same thing but why Elon Musk is the only one that is being sued? Is it because they think he is the mastermind? LoL and they know that he as a lot of money but that if they can win this case because I don't think Elon will just believe on it instantly and do a negotiation by paying them a good amount.

I don't think Elon is that easy to get but he is a smart guy. People already knows that dogecoin is a meme coin and its being manipulated so most of them already left the coin. Don't worry I don't think the price of this coin can dump heavily but the news can only have a small impact on its price.

If dogecoin is a pyramid scheme, then we won't be wrong to say the entire cryptocurrency are pyramid schemes. This space is volatile and I doubt those persons took time to review the basis of the legal action. I want to believe that it was done out of ignorance or to send a message, because I don't see that legal case flying.

Obviously comparing legitimate Blockchains with a Ponzi scheme is the result of ignorance about what a cryptocurrency is.
Money is used to fuel Ponzis both FIAT and Crypto, but that does not mean the FIAT or Cypto is a Ponzi itself.

About the lawsuit, if they can prove Musk made important purchases of Dogecoin before sending hype about it on twitter, they may have some chance to charge Musk with market manipulation, it is unlikely this is the case, but not completely impossible.

I think those who made this lawsuit because they were trapped in Dogecoin with high prices that made them feel at a loss, especially when conducting this trial will also make the plaintiff spend a lot of money and waste time, Elon Musk has everything to win that judgment and it would be dangerous when he filed a libel suit that the first plaintiff would be affected.

Well I think The aegis of the SEC does not cover cryptocurrency. However he has already been in trouble with the SEC over his tweets about Tesla, for instance his infamous “The price is too high” tweet.

The guy makes himself look like an idiot every time he tweets. We that's elon musk for you

Besides, what use is fining one of the world’s richest people?

Elon is just making money. It isn't about anything more than that. Remember what did with Doge Coin? He bought a bunch of it when it was totally worthless which drove the price up. When the price was as high as he and some people gollowing his lead could take it, he sold it all, the price plummeted, Elin made billions, and all those people that had followed his lead by buying Doge Coin lost tons of money as Doge Coin's value bottomed. However the  worst thing when investing in doge to get a very big profit is just because elon musk and buy when the price is high😁

Even though I know Elon Musk is manipulating the price of Dogecoin and I don't like Elon Musk either, but to be honest I don't feel disadvantaged
by Elon Musk. So it never occurred to me to file a lawsuit against Elon Musk. So what you're saying is true, that the plaintiff may have
purchased Dogecoin in large quantities at a high price, so with the price of Dogecoin falling drastically now the plaintiff has suffered a huge loss.
That's why he's suing Elon Musk and will most likely ask for compensation.

But the plaintiffs may forget that Elon Musk is one of the richest people in the world, meaning his influence is enormous in this world. So it's very
difficult to sue Elon Musk, let alone Elon Musk can hire a great and experienced lawyer. So it's almost impossible for the plaintiff to win, and also
Elon Musk never forced other people to buy Dogecoin, so most of his followers buy Dogecoin because of their own will, not because of getting
coercion from Elon Musk. We should never trust other people's opinions, when it comes to investing in crypto, make sure to make decisions based on
the results of our own research and analysis, don't let us buy coins because we are influenced by Elon Musk or other people.

Well, this became now the era of suing.

Elon bought his Dogecoins for sure when it was three decimals or probably more than that. It reached a height of $0.7 and then it fell. That's truly a huge gap for him and bought a lot for sure then the dump has come. Now, those that have blindly followed him felt bad and can't blame anyone but him.

I do not think that Dogecoin is in trouble with this news.  As far as I know, Doge's developer isn't Elon, and Elon is just riding the meme coins for his own benefits.  Whatever fraudulent action Elon does in exploiting Dogecoin, it is accounted for on Elon's account alone and Doge's project and community have nothing to do with that case.  It might affect the market if the news becomes FUD but I think Doge will be ok.

can't blame anyone and no invitation to buy coin memes. the basics before making an investment must be prepared to risk losing or winning. fomo always does not bring good or vice versa before we have to correct previous projects, people who have been in crypto for a long time will understand this

This news is nothing. Those people who sued elon didn't even have strong evidence to be used to bring elon to the court. So many times people were also doing the same thing over and over again to the so many big guys and only a few that being successfully brought to the court.
This accusation is coming when market was coming to the bearish trend and why don't they sue elon when doge coin pumped so hard?
They were being calm when they able to took the profit but when they were facing the lose and they were looking for something to be blamed.

And that is probably the best scenario they can actually expect out of this, as Elon can easily retaliate and force them to pay for his legal representation or even accuse them of defamation as they are affecting his name, brand and character, so things could even take a turn for the worse for those planning to sue Elon over his tweets, and since the chances of actually winning are so low I really think they should just drop the demand and accept their losses, something that every single trader needs to learn how to do on their own.

And also I don't think Elon is getting benefit of this because he is already a multi-billionaire, I mean he won't take the time to invest on these meme coins but if ever he invests on crypto, he will go for a more serious coin instead like bitcoin and ethereum. I think what Elon doing there is just having fun or making fun out of someone else. He thinks people are like a fool to instantly believe on the signs that he is giving on his tweets and he likes that fact.

The doge coin developer is not to be sued here either because he didn't heavily promote his coin but he is being silent for a long time now. It's was the people that are looking for hypes are the ones that awakens this sleeping coin.

Doge coin not good investment and it was a shitcoin for me. If elon musk not invest in doge coin then no way for hype. If you are a smart investors then you can't avoid btc or eth at this Moment. In my opinion this is a reliable situation for invest in btc or eth both.

I think one thing, where Elon MUSK had not said that he is a fan of Doge and that he was going to put all that money in the currency, what would have happened? absolutely nothing, for things like that Satoshi will never come out in public, because obviously he would be judged and treated as the worst, in this case I think that people have some immaturity in the market, the whales will always manipulate the market, as well as the big institutions, such a demand is unheard of, but since in the world they are against eBTC and cryptocurrencies for the most part, it is likely to prosper, then the whales who wanted to go public will no longer do so.

Now the price of Doge is exactly the same at which a year ago Elon Musk bought coins for his one-year-old son. And I have not seen such information anywhere that these coins were sold. Similarly, I have not seen information that would confirm your words that Elon Musk sold a Doge that was bought earlier. Perhaps the trial will give us more information on this issue.

Ahh, I highly doubt that. Elon did nothing expect tweeting around and as far as I know we have right to tweet anything unless and until we are not directly hurting, threatening or abusing a person or entity. I see he has done nothing from above stuff.

Im not taking his side but the rules are rules, they can’t just go and sue someone just like that. Moreover, they are just taking the revenge and nothing else.

It was up to the fans of Elon whether to invest or not. There are so many random riches who are claiming they are investing in various coins. It does not mean we should invest in all of them.

These rumors are not bad for doge instead these are some techniques to increase the traffic towards specific platform like doge, and the doge tokens has no use case as it is hyped by only big influencers like Elon Musk and others,
By the way,Use cases are not everything, like Luna has awesome use-cases but even than it comes to zero, all we need is influencers and money to back-up the platform,

IMO, I believe this case is just a form of harassment and has no merit at all because it's hard to prove that accusation. first Elon Musk has not directly told everyone to buy Dogecoin because it's a good investment, the second reason is I believe that everyone can tweet about any coin at any given time because it was a basic right of everyone as freedom of speech so it means just by tweeting a particular coin can be considered now as a crime. I'm not a lawyer but I believe this case won't prosper.  

Elon Musk is a controversial man, so I am not surprised at this news.
Anyways, I read the articles and I think this case lacks merit. I am sure there are no concrete evidence to back up such claims.
Dogecoin, just like every other coin is down and no one in particular can be blame for that.
Besides, no body forced him to invest in dogecoin, he did that at his own risk and should bear the consequences alone.

FUD will always be there, especially with Doge whose prices are already very expensive,
of course many people want a DOGE dump or the same as in 2020, before Elon Musk admits it,
the price of Doge is still very cheap, after that in 2021 the price of Doge really flew the moon,
this is why many people also expect FUD

Maybe it would discourage Elon Musk from shills for Doge in the future since he got called out and a sue case tail to tainted his fame? It might now harm him much but it might hurt Doge chance to free press by everytime he want to tweet about it.

The lawsuit is only limited to dynamics in the crypto market, especially Dogecoin. Because there have been many lawsuits before. Those with high wallet contents will always win the lawsuit. Maybe this is just my opinion, because we also don't see the process in the trial. And I'm sure if this happens then Elon Musk will easily get past him.

And the issue is limited to Elon Musk only not on the Dogecoin Project.  I believe Elon was charged with market manipulation and other possible cases that can be filed against him even though most of them will be thrown into the trash.  I don't care what happens to the case against Elon since he does not represent any crypto project.


No, it does not affect him, as far as I can remember I read some article on the internet that he will continue to support Doge despite the lawsuit.

As i recall, Elon Musk never said that we should buy Doge coin because it is a good investment.
Elon only said that cryptocurrency is good, not only Doge coin.
But he tweeted about Doge coin indeed, maybe people got it wrong. We shouldn't buy coin just from someone's tweet.