Why Elon Musk shill for DOGE

[muenze]

Doge does not look bullish to me now at all, its pumped obviously. Musk may hold a ton or maybe he wants to hurt bitcoin.

Because basically doge and btc can do the same thing. It may turn into an issue. The advantage of doge may be that not that many people have extremely large bags as with bitcoin, i dont know.

[BChydro]

Elon Musk always shill for Doge and it is not a big surprise that he is always shilling all the time and he knows he could manipulate the market and i am confused whether he is holding any coins but he always does that once in a while and i am not sure whether he is getting any benefit from shilling the coins. He shilled bitcoin and the price rallied and now a few days later he is back to doge.

[jan.nicolas]

Everything seems simple to me. Musk has been following the cryptocurrency market for a long time. He's a very smart uncle who has a very large company. Therefore, he can be trusted.

[Febo]

Why Elon Musk shill for DOGE

He has some friends among early DOGE adopters or creator or developer. I forgot.  He helped him with Twitter spam 5 years ago. From that time on he make Doge tweets or have Doge written in his profile. He is joking about it.

[grrrgrrr]

For crypto to take over as a global currency, there needs to be orders of magnitudes of more beta testers to push innovation. If not Elon Musk, someone has to do it.

[Lanatsa]

It has been a while Elon Musk shill for DOGE and that's what happened today again. 2 tweets from Elon Musk. Both were interesting. But I don't get the exact reason of his shilling behind the shilling. He once said he only owns 0.25 BTC which his friend gifted him long ago.

Only he knows about the true reason on why he do  really hype DOGe this much.This might be a meme coin but I wont really be taking it as a valid reason.

If he do get interested with DOGE tech then I cant blame him off but if he do just pump out something in the market just for pure interest or intention.

You cant tell on whats up into his mind on why he do this but to think that this fella is the richest man on earth then he does really have the capability to do so.

[zasad@]

https://www.coingecko.com/en/coins/dogecoin
Circulating Supply 128,233,897,815

https://dogechain.info/address/DH5yaieqoZN36fDVciNyRueRGvGLR3mr7L
Balance   34,812,351,396.59407080 DOGE
Whose wallet is this? it is constantly receiving transactions.
That's roughly $ 1.2 billion, or 27% of the total Circulating Supply

[el kaka22]

It is mainly because dude is acting like a child, a child that did all he wanted to do and that's why. He lived a very very privileged life, he was born into a family that had slaves and mines stolen from the natives and that is why his father was super filthy rich anyway, and then he went to great schools that his father easily paid, never had any money problems since his father was sending him money whenever he wants to, then he started his own business with the money he got from his money, then merged with another company to make it better, and then simply sold it, and here we are today, with all the money he had he wanted cars and spaceships, not really something unthinkable, that is literally what a child would want but this is an overgrown baby child with shit ton of money. Doge is another thing he shows his child-like nature, that's about it, nothing more to it.

[menoiazei]

https://www.coingecko.com/en/coins/dogecoin
Circulating Supply 128,233,897,815

https://dogechain.info/address/DH5yaieqoZN36fDVciNyRueRGvGLR3mr7L
Balance   34,812,351,396.59407080 DOGE
Whose wallet is this? it is constantly receiving transactions.
That's roughly $ 1.2 billion, or 27% of the total Circulating Supply

something relevant i stumble upon for this wallet

https://decrypt.co/56616/what-we-know-about-the-dogecoin-address-that-holds-27-of-its-supply?&utm_medium=referral&utm_campaign=feed&utm_source=coinmarketcap

[JooBra]

Doge coin is a meme coin. It has been made to be that and Elon likes stuff like that. He has many silly invention like flame thrower etc. I think it's nothing more to that.

[cryptofirm]

It has been a while Elon Musk shill for DOGE and that's what happened today again. 2 tweets from Elon Musk. Both were interesting. But I don't get the exact reason of his shilling behind the shilling. He once said he only owns 0.25 BTC which his friend gifted him long ago.

simple reason, because he already collecting a lot of doge when the price cheap my friend
and now he want to sell his doge, but of course need a huge amount of money from buyers

[24Kt]

Doge coin is a meme coin. It has been made to be that and Elon likes stuff like that. He has many silly invention like flame thrower etc. I think it's nothing more to that.

Yeah, I think he just likes doge and maybe he is secretly stashing doge. I don't think he is selling right now. But I don't believe that he has only 0.25BTC as gift by his friend up until now. I think he has more than that but not disclosing about his crypto stash. But if nothing else, his tweets are gaining traction and has positive impact to crypto market.

[arjuna BTC]

It has been a while Elon Musk shill for DOGE and that's what happened today again. 2 tweets from Elon Musk. Both were interesting. But I don't get the exact reason of his shilling behind the shilling. He once said he only owns 0.25 BTC which his friend gifted him long ago.

maybe he bought doge with all his 0.25BTC mate, and he want to create a hype on doge
so, doge price will grow and touch about $0.1 then he will sell his doge

[goinmerry]

It has been a while Elon Musk shill for DOGE and that's what happened today again. 2 tweets from Elon Musk. Both were interesting. But I don't get the exact reason of his shilling behind the shilling. He once said he only owns 0.25 BTC which his friend gifted him long ago.

Is the reason really matters?

Elon Musk can shill whatever coin he wants. From what I'm thinking, he is too busy with his life that even putting a few seconds to Twitter is difficult so maybe, his Twitter representative plays a role too on that tweet (lol).

Funny aside, just let him shill whatever and whenever he wants. There are lots of traders that are taking advantage of the post-effects of those tweets.

[Oasisman]

It has been a while Elon Musk shill for DOGE and that's what happened today again. 2 tweets from Elon Musk. Both were interesting. But I don't get the exact reason of his shilling behind the shilling. He once said he only owns 0.25 BTC which his friend gifted him long ago.

maybe he bought doge with all his 0.25BTC mate, and he want to create a hype on doge
so, doge price will grow and touch about $0.1 then he will sell his doge

Or maybe not? Elon Musk was also known for his love for memes. So, it's either he's just trolling, or he's testing his influential capabilities, or does have doge coin and trying to put a hype on it, and dump. But all that doesn't really matter because he can actually put a hype in every investment or cryptocurrency he wants to at this current rate.
There's a lot you can do when you're the richest man in the world lol.

[jahepahit]

while it seems he is having fun, people are taking it serious and investing hugely on it. I saw a tweet today of someone who claimed he got rekt because of buying doge which dumped on futures trading. these kind of things are bound to happen, you should be the one responsible for your funds and not some fun tweets from an influencer.

[hulla]

I believe after Billy Markus left the Doge project 7years ago due to harassment from the communities and sold all his holding in the year 2015 (footing what he said) Jackson Palmer can not handle the job alone, he seeks some help from Elon Musk which he later acquires the project and before the rightful CEO of Dogecoin all he can do is to shill for the coin.

[Baofeng]

It has been a while Elon Musk shill for DOGE and that's what happened today again. 2 tweets from Elon Musk. Both were interesting. But I don't get the exact reason of his shilling behind the shilling. He once said he only owns 0.25 BTC which his friend gifted him long ago.

Hard to say what's Elon Musk's intention as of late specially a coin like DOGE, perhaps he was a member of WSB? Or just trolling crypto market? or he owns a lot of DOGE? or he is trying to flex his muscle and prove a point? One things for sure, this market is very volatile and the price can really jump by just a mere tweet of a very influential person such as Elon Musk.
 

[agustina2]

It's his profile so he can shill whatever he wants.

Maybe he doesn't own DOGE but just playing with the trend of seeing how can he create hype at any coin and lure people into it.

Effective isn't it and lots of people ride the trend he creates. He is a truly real-deal when creating hype and I think he can raise a dead or shitcoin out of nowhere.

[Banulit]

I think elon musk is trying to attract investors especially newbie riders by create a hype post then once they were attracted and start doing FOMO the whales like him will start selling crypto such as dogecoin.