Why Elon Musk Again & Again Tweet for Doge?

[ARTCOINSLV]

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.

[raji1995naya]

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.

[Fatunad]

It's buried in mystery. I have several assumptions towards this:
1) he hold Dogecoins in his portfolio and regularly trade;
2) he is "Former CEO of Dogecoin." (once he updated this in his bio in Twitter);
3) he wants to "fire" market;
4) he makes these for fan;
5) he just likes doges. 

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.

[Tipstar]

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.

[tygeade]

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 if you want to check, now he himself turns out to be a fool.

[itachi gunasekara]

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

[Fivestar4everMVP]

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.

[memyselfandi]

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.

[Nikola95]

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.

[Asuspawer09]

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

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$.

[xSkylarx]

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.

[avarnet]

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

[shoreno]

Elon musk name is co relate with Dogecoin why not?

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

[torrantz]

Maybe elon bought dogecoin before the time that the price of doge is very low and now he is making money by the power of his influence , by just simply tweeting doge and after he tweeted now his ready to slowly selling some of his doge and he repeat the process until his all doge totally discarded.

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.

[aryana42]

Elon musk is just making hype about dogecoin that creates FOMOs especially to the people who follows him because of the fact that he, himself hodl a very huge and enormous amount of dogecoin that makes him one of the big whales of this token and once it reaches its desired amount I have strong feeling that he will sell-off his dogecoin hodlings.

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.

[makishart]

There's a rumour that many top people are paid by Top Holders of Doge coin.

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.

[kak uli]

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.

[sujonali1819]

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.

[blockman]

Maybe Elon Musk wants the price of Doge coin to continue to rise and grow like other Altcoins.

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.

[Traderbtcc]

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

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  , 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.