Elon Musk please stop messing up the crypto market

[noorammak]

Making money in DOGE's case is pretty easy. Just buy and average the spot price, away from derivatives like Margin or derivatives will give you enough basic security to win in this market.
DOGE has old technology but the community and Elon Musk's frequent shilling is great for DOGE holders.
I don't know how many DOGEs Elon Musk bought, but he's making people happy with profits.

[1714708047]

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[1714708047]

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[virtualdn]

Making money in DOGE's case is pretty easy. Just buy and average the spot price, away from derivatives like Margin or derivatives will give you enough basic security to win in this market.
DOGE has old technology but the community and Elon Musk's frequent shilling is great for DOGE holders.
I don't know how many DOGEs Elon Musk bought, but he's making people happy with profits.

He probably owns 28.43% of all Dogecoin supply look here:
https://bitinfocharts.com/top-100-richest-dogecoin-addresses.html

12 people own almost 50%, that's insane and very risky to trade if you ask me.

I was a HUUGE Dogecoin supporter between 2013-2016 but not anymore because I don't like what this coin has become.

[sunsilk]

He may not say it directly but he's obviously owning probably millions of Dogecoins that he has bought when it was ignored by most and there's attention drawn to it by the community. And being him as a very powerful and influential tech guy that we know.

Those tweets could be annoying because it leads newbie investors blindly. But that's it, this is the market, there will be a gainer and there will be a loser. I'm waiting for him to start to tweet bitcoin every day.

Well, I also believe that he had millions of doges that he owned when prices were low, but is now able to create extraordinary ones with Elon Musk's tweets.
Even many novice investors continue to blindly buy doges at high prices because they believe it will increase even further in the future, but there's no telling whether there is a big drop or it's not clear that much will trap when the price of the doge drops.
Elon Musk is one of the most influential people in crypto. I only notice when he talks about any coin that is sure to increase.

Yes, whenever he drops a tweet about Dogecoin then that will be a sure pump that everyone else is waiting for. It's like a waiting game for those investors for his tweets and there could be the thinking that it only has to take one tweet for him to pump the recent price.

Now because of him, there were predictions that they think will make Dogecoin at a higher price. But if you sum up its supply and possible future price, it needs a big amount market cap as an additional.

[noorammak]

Making money in DOGE's case is pretty easy. Just buy and average the spot price, away from derivatives like Margin or derivatives will give you enough basic security to win in this market.
DOGE has old technology but the community and Elon Musk's frequent shilling is great for DOGE holders.
I don't know how many DOGEs Elon Musk bought, but he's making people happy with profits.

He probably owns 28.43% of all Dogecoin supply look here:
https://bitinfocharts.com/top-100-richest-dogecoin-addresses.html

12 people own almost 50%, that's insane and very risky to trade if you ask me.

I was a HUUGE Dogecoin supporter between 2013-2016 but not anymore because I don't like what this coin has become.

Obviously, DOGE is manipulated and if 12 people who own more than 50% of DOGE sell their coins, it will be a real disaster. A crypto meme that ranks No. 6 on the market cap is the crazy thing I've ever seen. It was like an insult to remaining serious development projects.
I believe DOGE will soon die as XVG did in 2018.

[virtualdn]

Making money in DOGE's case is pretty easy. Just buy and average the spot price, away from derivatives like Margin or derivatives will give you enough basic security to win in this market.
DOGE has old technology but the community and Elon Musk's frequent shilling is great for DOGE holders.
I don't know how many DOGEs Elon Musk bought, but he's making people happy with profits.

He probably owns 28.43% of all Dogecoin supply look here:
https://bitinfocharts.com/top-100-richest-dogecoin-addresses.html

12 people own almost 50%, that's insane and very risky to trade if you ask me.

I was a HUUGE Dogecoin supporter between 2013-2016 but not anymore because I don't like what this coin has become.

Obviously, DOGE is manipulated and if 12 people who own more than 50% of DOGE sell their coins, it will be a real disaster. A crypto meme that ranks No. 6 on the market cap is the crazy thing I've ever seen. It was like an insult to remaining serious development projects.
I believe DOGE will soon die as XVG did in 2018.

101 people hold 67.7% of all Dogecoin. This is insane. For anyone who is a newbie watch out and don't fall into this trap.

[TangentC]

Lot of Doge haters in here.

Here are the facts.

BTC   average tranaction fee $27
Doge average transaction fee $1

Price per coin
BTC $55K
Doge $0.30

Transaction Capacity
Dogecoin has ~10X the transaction capacity of Bitcoin

Which is why the price of Doge is currently increasing.
People can afford it and it is affordable to use.
BTC is only for the rich.
Doge is the People's Coin.


FYI:
Satoshi owns over 1 million bitcoins, funny how no one worries about that. 

[virtualdn]

Lot of Doge haters in here.

Here are the facts.

BTC   average tranaction fee $27
Doge average transaction fee $1

Price per coin
BTC $55K
Doge $0.30

Transaction Capacity
Dogecoin has ~10X the transaction capacity of Bitcoin

Which is why the price of Doge is currently increasing.
People can afford it and it is affordable to use.
BTC is only for the rich.
Doge is the People's Coin.


FYI:
Satoshi owns over 1 million bitcoins, funny how no one worries about that.  

I was an avid Dogecoin supporter and I don't hate the coin, but I hate what it has become.

1 million BTC is not more than half according to math. Even if he sells those BTC will survive, but Dogecoin is a highly manipulative market.

BTC is for the rich? What stopped you getting a lot of free BTCs in the early days?

[TangentC]

Lot of Doge haters in here.

Here are the facts.

BTC   average tranaction fee $27
Doge average transaction fee $1

Price per coin
BTC $55K
Doge $0.30

Transaction Capacity
Dogecoin has ~10X the transaction capacity of Bitcoin

Which is why the price of Doge is currently increasing.
People can afford it and it is affordable to use.
BTC is only for the rich.
Doge is the People's Coin.


FYI:
Satoshi owns over 1 million bitcoins, funny how no one worries about that.  

I was an avid Dogecoin supporter and I don't hate the coin, but I hate what it has become.

1 million BTC is not more than half according to math. Even if he sells those BTC will survive, but Dogecoin is a highly manipulative market.

BTC is for the rich? What stopped you getting a lot of free BTCs in the early days?

Was not here in the early days.
And while it was affordable then, it has not really been affordable for normal people since 2017.

Saying you hate Doge because a few hundred users own a larger share,
do you hate stocks because others own more of it than you, your dislike is misplaced.

[matchi2011]

This is what happens because of people trading, according to the words of this man. Cryptocurrencies have become very open to manipulation. This is dangerous.

This is very dangerous if more traders will follow him blindly, without any DYOR it will harmed the entire industry as he can
simply say the magic words then the whole crowd will follow.

Manipulations are very common with this kind of setup, it's important to learn how to investigate and keep doing your assessment
before you follow whoever known personalities are there to support any project.

[TangentC]

This is what happens because of people trading, according to the words of this man. Cryptocurrencies have become very open to manipulation. This is dangerous.

This is very dangerous if more traders will follow him blindly, without any DYOR it will harmed the entire industry as he can
simply say the magic words then the whole crowd will follow.

Manipulations are very common with this kind of setup, it's important to learn how to investigate and keep doing your assessment
before you follow whoever known personalities are there to support any project.

Do you complain when people say bitcoin is going to $1million per coin or even to $ infinity.
Like this guy: https://www.coindesk.com/why-1-million-bitcoin-is-coming
Did anyone on btctalk complain when Elon Musk purchased $1½ Billion dollars of BTC?
No one claimed BTC Manipulation then.

As they say , every Doge has it's day.

And their are no price guarantees on BTC or Doge.

If BTC can reach $1 million, I see no reason why Doge can't reach $10.

[uneng]

How could jokes and opinions be considered market manipulation? As far as I know Elon Musk isn't promising any returns to crypto investors, he just shares his views and actions inside crypto market in his social media. Any other person could do the same. If others want to follow his steps it's their right to do so, taking the risks of their own acts by themselves.

[macson]

but yeah, we have to thank Elon for the joke turned into money for those doge Hodlers since a few months ago "lol"

https://twitter.com/alistairmilne/status/1383784116659785747 ^{(poor noob who just tried to buy Doge)}

the manipulator who took advantage of Elon's tweets is successful in seizing the moment....it remains only to wait his turn to make a tweet about Bitcoin.

[Mpamaegbu]

Am I the only one who finds his tweets and market manipulation annoying?

Well, may be you're just one among the handful of people watching market movement who aren't happy with Elon tweeting about certain cryptos. The reason is simple and not far fetched — It's simply because you don't have the coins — Bitcoin and Dogecoin, that Elon Musk is promoting. Those who've those coins are pleased with him. By the way, Elon hasn't done anything wrong or could be termed manipulative by tweeting about those coins. Except someone is going to prove to me that it's now a crime being wealthy. For all I know, Elon is first a human being before being the world's richest man. He is entitled to his opinion and should be free to made choices without anyone preempting him.

[virtualdn]

Am I the only one who finds his tweets and market manipulation annoying?

Well, may be you're just one among the handful of people watching market movement who aren't happy with Elon tweeting about certain cryptos. The reason is simple and not far fetched — It's simply because you don't have the coins — Bitcoin and Dogecoin, that Elon Musk is promoting. Those who've those coins are pleased with him. By the way, Elon hasn't done anything wrong or could be termed manipulative by tweeting about those coins. Except someone is going to prove to me that it's now a crime being wealthy. For all I know, Elon is first a human being before being the world's richest man. He is entitled to his opinion and should be free to made choices without anyone preempting him.

I have both coins especially BTC. It's obvious you didn't understand what I'm trying to say here. Please read my post again and see what I don't like about Elon Musks's tweets.

[virtualdn]

I was reading John McAffee story related to XVG promotion and what Musk is doing now with Dogecoin doesn't seem to be very different, any thoughts on this? Sounds like market manipulation to me in both cases.

[nguyenvl159]

I like the fact that Doge can grow in value simply because of one person's tweets. This is also another good chance to earn money.

[davis196]

Am I the only one who finds his tweets and market manipulation annoying?

A lot of newbies falling into the trap unfortunately. BTC is strong and won't be affected too much but Dogecoin is just increasing its pump and dump reputation. Sad.

It's not his fault.It's the "sheeple" who are following him and see him as some sort of guru or God.
He has the right to express his opinions about everything and he even has the right to troll online.
We can't silence him and we can't ban his Twitter account.We just have to deal with it.
The only thing we can do is educate the newbies about now falling into such traps and not trusting everything a famous person tweets on his Twitter profile.

[Kong Hey Pakboy]

I like the fact that Doge can grow in value simply because of one person's tweets. This is also another good chance to earn money.

That's my thought too, if you can't win them, join them right? To be honest this is a really good thing because we know what coins to invest that will pump and make us a really decent profit. Follow the market trend, it is always right.

[Rehan Zakir]

Doge coin pumped when Elon Musk tweets about doge coin. I cannot understand why doge coin is pumping.  Why you are pumping a shit coin to moon. There are many good projects in the market . Please give attention to these projects. These projects can give you good results.

[Vishnu.Reang]

Doge coin pumped when Elon Musk tweets about doge coin. I cannot understand why doge coin is pumping.  Why you are pumping a shit coin to moon. There are many good projects in the market . Please give attention to these projects. These projects can give you good results.

It is not juts Elon Musk. A lot of celebrities have tweeted about Dogecoin and this has resulted in pumps on several instances. Obviously many of these celebrities were owning DOGE and they gained form the pump that resulted from their tweets. Elon's case is different. He don't own any DOGE in his wallet and although he has tweeted about this coin, he hasn't recommended it to anyone or claimed that it is a good coin to invest in.