Dogecoin Elon Musk theory

[cryptotalkman]

Hi everybody,

I don't have a lot of experience with crypto: but I am curious how you think about this theory: Elon Musk regularly tweets about Dogecoin. Elon Musk has a net worth of 172 billion I see in Google. I think that's a little less now, but still a lot .

I see that Dogecoin is in 17th place with a market cap of 6.2 billion.

Why would Elon Musk tweet so much about Dogecoin? It seems that everything he touches turns to gold. If he bites into something, it will be a success: left or right.

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?

After buying, he may well combine Dogecoin with his other business activities. Maybe a strange theory: that's why I'm also curious how you think about this.

[1715120027]

1715120027

[mindrust]

He is fucking around mostly. He looks like he can make fun of anything. Doge is just another playground for him. Maybe he wants to buy low sell high by using his influence over people if he needs more money you know... That would damage his reputation very badly however.

[Jawhead999]

Elon musk is more carefully right now because his tweet about Dogecoin is under investigated by SEC. Since every Elon musk tweet about Dogecoin it will manipulate Dogecoin price.

Right now he's tweeting about NFT, that's why NFT token price pumping and interested with many people.

[TastyChillySauce00]

he just playing with the masses and maybe just testing how powerful his influence is. Not to mention when he tweets something related to crypto for example doge, it's not only doge that become center of attention but elon musk aswell thus it's increasing his popularity by doing tweet which is next to nothing. I mean, who don't want that?

[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

[cryptomaniac_xxx]

He is just trolling us, and using Dogecoin to bait everyone. I seriously don't think that Elon will try to pump Doge just for the sake of making more money. It's the people and speculators who fuel the investors imagination that because of Elon Musk tweet, Doge will go to $1.00 so the hype started. And up to know many still believed that Elon is a investor of buying Doge, which for me he is not.

[semobo]

DOGE coin was actually made for fun but later it went into a serious project, Elon Musk choose to tweet on it to show how much influence he is having in the crypto and the whole investment community. He maybe holding huge chunk of Doge or he just want to make fun of it and get more popular.

[plr]

He is fucking around mostly. He looks like he can make fun of anything. Doge is just another playground for him. Maybe he wants to buy low sell high by using his influence over people if he needs more money you know... That would damage his reputation very badly however.

People should understand the games Elon is playing, he is playing a pump and dumps game, and people who are participating in this pump and dump game has a risk of losing their investment if they are not good at timing, timing on buying, and timing on selling, investors should understand all the risk involved if they are going to follow Elon Musk's game.

[$crypto$]

At the beginning of this theory, this was increasingly sticking out after several tweets made about Dogecoin that made them believe in the speculation that continued with Elon Musk's tweets, actually I'm also not sure he is a true investor in the doge he holds, and only to created the hypedi of many Dogecoin lovers.

@jawhead999 I have never heard of this is it still under the SEC investigation of Elon Musk?
Will this case be similar to that of John McAfee?
Even if it's a different case?

The NFT token is also busy because it was created for hype. I am sure that everything about trends happening there must be hype created.

[Kitaiev]

Musk writes about what he wants and this is his right. If you want to buy a doge in the hope of what you wrote above I wish you good luck. For me such a risk is meaningless like the coin itself by the way. Buy and hodl bitcoin!

[southerngentuk]

Hi everybody,

I don't have a lot of experience with crypto: but I am curious how you think about this theory: Elon Musk regularly tweets about Dogecoin. Elon Musk has a net worth of 172 billion I see in Google. I think that's a little less now, but still a lot .

I see that Dogecoin is in 17th place with a market cap of 6.2 billion.

Why would Elon Musk tweet so much about Dogecoin? It seems that everything he touches turns to gold. If he bites into something, it will be a success: left or right.

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?

After buying, he may well combine Dogecoin with his other business activities. Maybe a strange theory: that's why I'm also curious how you think about this.

I suggested to you immediately that Mars should live, it's unbelievable, even a newcomer to this market realizes it's a joke. Money is not an air you like to breathe all the time, wake up and stop those silly thoughts.

[poodle63]

I think Elon actually have huge amount of doge. none of the billionaire willing to waste time to promote something that gets them nothing in return and maybe he found fun in doing it. but i don't really like how he could manipulate the market though  .
just one person needed to shake the whole market and i dont think thats good because that means crypto more specifically doge still vulnerable to manipulation.

[asriloni]

There are some possibilities

1. He was only trolling and playing the doge communities
2. He is an owner of the richest wallet on the doge chain
3. he wans make profit from there.

I think that these reasons were totally make sense. Remember about there are some people believe that ELON is the guy that already bought billions of doge coins.

I do believe if he was only trolling the community but who knows

[aysg76]

Hi everybody,

I don't have a lot of experience with crypto: but I am curious how you think about this theory: Elon Musk regularly tweets about Dogecoin. Elon Musk has a net worth of 172 billion I see in Google. I think that's a little less now, but still a lot .

I see that Dogecoin is in 17th place with a market cap of 6.2 billion.

Why would Elon Musk tweet so much about Dogecoin? It seems that everything he touches turns to gold. If he bites into something, it will be a success: left or right.

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?

After buying, he may well combine Dogecoin with his other business activities. Maybe a strange theory: that's why I'm also curious how you think about this.

The coin which was started as meme by a community is now having market cap of $6 billion and this is just because of Elon Musk making tweets to manipulate the market to raise prices of Dogecoin.The prices went from $0.19 in March 2020 to $5.72 in 2021.This sudden rise in prices in just a year is insane as driving forces like Musk have pushed the prices higher.He has investment in Dogecoin and Tesla is accepting doge paymialonh with btc for cars sale on their website.He is playing along with people just to increase his profits taking undue advantage of his influential powers.

[bluebit25]

Well when he started pumping 40 billion into the doge he had 4000 billion. Do you know where these numbers come from? From your paranoia, you probably also smoked a lot of weed, so you can have crazy thoughts. Assume what is plausible and probable, not such thoughts, but I also think you are daring to think so.

[MishaSER]

Hi everybody,

I don't have a lot of experience with crypto: but I am curious how you think about this theory: Elon Musk regularly tweets about Dogecoin. Elon Musk has a net worth of 172 billion I see in Google. I think that's a little less now, but still a lot .

I see that Dogecoin is in 17th place with a market cap of 6.2 billion.

Why would Elon Musk tweet so much about Dogecoin? It seems that everything he touches turns to gold. If he bites into something, it will be a success: left or right.

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?

After buying, he may well combine Dogecoin with his other business activities. Maybe a strange theory: that's why I'm also curious how you think about this.

What theories are you talking about? In your words, I see naivety, in which I want to believe like a fairy tale. It doesn't work that way, he has 172 billion dollars, this does not mean that he can pump Dogecoin up to 46 billion. In theory, this is possible, but rich people don’t think so, they wouldn’t be rich if they were giving away their money.

[JeffBrad12]

I don't see any theory there Elon Musk and every other investors of dogecoin sees the coin as a tool to play around with and that is really helping the coin market.  Dogecoin has no used case but still so many sites are accepting dogecoin which have made it more speculative.

When those sites were accepting doge coin and that will not make the doge coin becomes even more speculative but people who is always speculating it that will make dpge to be a speculation coin.
Remember about i never heard about this kind of theory but OP was coming with this theory.

There are lots of buzz words already created by so many parties and it looks like this theory was also including in the BS that created by people who were speculating elon has a very strong relationship with doge.
I can't accept this theory.

[molsewid]

He is fucking around mostly. He looks like he can make fun of anything. Doge is just another playground for him. Maybe he wants to buy low sell high by using his influence over people if he needs more money you know... That would damage his reputation very badly however.

That's what he's doing to DOGE looks like, if it's true that everthing he touch on became gold then DOGE was still struggling in the market today. I didn't judge every team behind altcoin because i believe that they have the capability to improve the blockchain of the crypto but linking Elon Musk by just his tweets i am not yet convinced unless i can see it in my two eye the rapid growth of DOGE, then i'll believe in him.

[eaLiTy]

Elon musk is more carefully right now because his tweet about Dogecoin is under investigated by SEC. Since every Elon musk tweet about Dogecoin it will manipulate Dogecoin price.

Not sure Elon Musk is playing it safe and i do not think he really cares if the SEC is after him as he has the money to defend anything that is attached to him. Even recently he tweeted about Doge coin, his defense will be he never asked anyone to invest, so you can say that he is careful with the words he puts out  .

Right now he's tweeting about NFT, that's why NFT token price pumping and interested with many people.

Musk did tweet about NFT and he was actually mocking the million dollar art sale that happened a few days back and that sale made the market go higher if i am not wrong.

[Question123]

He tweeting so much to about dogecoin because he has investment to this coin and once the dogecoin rise very high they will earn more profit like billions of dollars again is really possible for him. Actually he looking for the coin who is very cheap value and because of the tweet he made last few months ago the dogecoin starting to rise and we do not how much he invested before he introduce this coin.