Dogecoin Elon Musk theory

[soenan]

I think there is another mission from Elon Musk that is tweeting about Dogecoin where he is trying to get the sympathy of others to buy DOGE at a high price and he himself will then ditch DOGE to create his own coin. especially now that many people have suffered losses to DOGE because of Elon Musk

Many people have lost money trying to invest in Doge when elon Musk talked about it, I think he will not pour his money into this coin.
At the moment Doge is overvalued, it is certain that in a few months it will return to its true value.

That's right, I also think if Elon Musk only attracts people to buy Dogecoin at a high price so that once he gets a big profit he will leave Dogecoin and the DOGE price will return to its original value. It is possible that Elon Musk wants to advance his company from the profits he is making from Dogecoin.

[tbterryboy]

Suppose if Elon Musk were to pump 40 billion into the Dogecoin, Dogecoin would be the 3rd largest altcoin in the world with a market capitalization of 46 billion. And then he was proved right again. And well done again. I wouldn't be surprised he does this. And maybe he wants to reward everyone who buys Dogecoins for following up on his tweets?

He might not be the kind of person that a lot of people likes, but he’s always making a smart move. Imagine in the near future how much this investment is going to get him, because it’s not over yet, we still have another halving ahead and we know the level of changes that halving can cause in the market in the next years that are coming. And when this happens the price of Bitcoin will increase and this investment that he has made will likely be multiplied.

Now the question is going to be what action they will take next at that time, they may decide to sell their assets and cash out, though they will continue to be accepting Bitcoin as a payment for their products and when he is going to pump his surplus money into cryptos.

[masulum]

That's right, I also think if Elon Musk only attracts people to buy Dogecoin at a high price so that once he gets a big profit he will leave Dogecoin and the DOGE price will return to its original value. It is possible that Elon Musk wants to advance his company from the profits he is making from Dogecoin.

Whenever Elon Musk tweets about a coin, it is of course for his profits. He is not a community figure, he is a typical investor or even whale who is trying to get a lot of profit with the large capital he have. It's the same when he tweeted about bitcoin and the big purchases he made. Obviously, there is a purpose for profit. Luckily, now not so many people are consumed by what Musk said. So, the FOMO effort that he hopes will not have a big impact. So it is with wallstreetbets, more people know this game, more low the impact.