What is Elon Musk's goal with Dogecoin?

[acener]

Do you think he does it because he wants to make money? Do you think he speculates with Dogecoin?

I am wondering if he will keep tweeting about it after the bull market is over.

He is also an investor so his main goal is also profit like all the other investors out there.
He is playing with it and also invested on it so he wants to get it higher so his profit would also be big.
For me there is only two reason why you would invest on something it is either for the profit or he wants to help the project to succed.
I don't know why Elon would want it to succeed when it's own developer or creator already abandon it?

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[Questat]

It's hard to know Elon Musk's true goal with Dogecoin. But I think Elon Musk did it because he planned to take Dogecoin to the moon with one of his companies, SpaceX

He uses Doge as a buying ticket to get known in the crypto world but later on, it has to see that he is now promoting his companies. I put this in thinking that Elon Musk has one goal and that everyone knows him and also his companies. If he had a lot of supporters and followers, that easy for him to manipulate the market and these people's minds.

This is not literally a joke but this causes a huge change in the direction of the crypto market. And what we have experienced these days, is the result of his doings.

[Roidz]

It's hard to know Elon Musk's true goal with Dogecoin. But I think Elon Musk did it because he planned to take Dogecoin to the moon with one of his companies, SpaceX

He uses Doge as a buying ticket to get known in the crypto world but later on, it has to see that he is now promoting his companies. I put this in thinking that Elon Musk has one goal and that everyone knows him and also his companies. If he had a lot of supporters and followers, that easy for him to manipulate the market and these people's minds.

This is not literally a joke but this causes a huge change in the direction of the crypto market. And what we have experienced these days, is the result of his doings.

I don't know what Elon Musk is thinking right now, but what is certain is that Elon Musk's prank some time ago has succeeded in making a lot of losses due to the market crash, I think what Elon Musk is doing now is only for his personal gain, and according to my elon musk is one of the causes for the crash of the market today

[daenarys_stormborn]

In my opinion, Elon Musk only wants to enrich himself, he is an individual investor, influencers like Elon will be very easy to pump and dump by just tweeting, therefore I don't trust Elon anymore.

[gabbie2010]

I don't know what Elon Musk is thinking right now, but what is certain is that Elon Musk's prank some time ago has succeeded in making a lot of losses due to the market crash, I think what Elon Musk is doing now is only for his personal gain, and according to my elon musk is one of the causes for the crash of the market today

That has been a long time ago, because basically every human being only thinks about profit for himself and Elon Musk also never said that he wanted to do good by sharing profits for everyone in crypto.

I believed he is doing all these tweets to show that he has much influence on the price of DOGE he is rich and his action is damaging the reputation of cryptocurrencies, I had been on receiving end of non crypto individuals who feel happy about our losses that had been incurred as a result of the present massive dumping of the price of Bitcoin.
However irrespective of the dumping of the price I believe the price will rally up and continue with the bullish trend this time without Elon Musk.

[Pelana vreo]

-snip-

That's right, they have a team that can spot crypto market trends with the number of teams they have, I don't know how much Bitcoin they have, but if Elon musk still keeps Bitcoin, I think he will see the portfolio he has going down in price. I hope this kind of situation will not happen in the future, we have a lot of community members and I believe this big correction is happening to pump BTC prices to reach the new ATH by the end of the year, let's see what will happen at the end of this May.

[DeathAngel]

I generally think he’s just trolling, having a bit of fun at other peoples expense (eventually). DOGE has no future really, some people have made money on it but it’s a total shitcoin with a near unlimited supply. Stick with bitcoin & you will be OK.

[Dadan]

I generally think he’s just trolling, having a bit of fun at other peoples expense (eventually). DOGE has no future really, some people have made money on it but it’s a total shitcoin with a near unlimited supply. Stick with bitcoin & you will be OK.

I agree he is just purely trolling the people and manipulating the market. Even before, Dogecoin is just for entertainment only. No serious development. It's made for making system payment as a joke. I think Elon wants to make fun of it. That's why he is tweeting about dogecoin, and people are buying with his words as he is a big influencer. I don't think he will support it in the next few months or so.

[Woodie]

Elon is not to be trusted from here on out!

Am sure with the crash that he single handedly influenced, chances are high he bought more cheat dogecoins and will be showering all sorts of praise for doge, before you know it it will be trading over a down and thats when he will dump and go for another coin.

With crypto if you have deep pockets you can control the markets.

[Fredomago]

Elon is not to be trusted from here on out!

Am sure with the crash that he single handedly influenced, chances are high he bought more cheat dogecoins and will be showering all sorts of praise for doge, before you know it it will be trading over a down and thats when he will dump and go for another coin.

With crypto if you have deep pockets you can control the markets.

If you know how to play with those whales chances to earn from this business is very possible, Musk is a well known businessman
everything that sorround him is about money.

Why would you gamble your investment with such kind of manipulative business person. You'll always have the chance to find your
own asset, this venue is for everyone though the advantage really been taken by those who have deep pocket as they can continue
playing along the waves.

[reza7777]

Even though Elon Musk is the richest person, it cannot be denied that he has done so far in order to get more money "remember, if nature of people is greedy" no one hates money, although rich person
he will continue to do this as long as there are still many people who believe it

[judeafante]

Do you think he does it because he wants to make money? Do you think he speculates with Dogecoin?

I am wondering if he will keep tweeting about it after the bull market is over.

He wants to make money and at the same time he wants to know if he can cast influence on the market, and so fart he is successful on both, unfortunately, he is also doing FUDS and harming the industry with his tweet about Bitcoin, and this is not good that one man is ruining the community just to make a profit.

[Twinkledoe]

Even though Elon Musk is the richest person, it cannot be denied that he has done so far in order to get more money "remember, if nature of people is greedy" no one hates money, although rich person
he will continue to do this as long as there are still many people who believe it

He is a businessman, so even if he doesn't need money anymore, he will find ways on how to earn more. He has goals that no ordinary individual wants. To cater his big dreams, he needs a lot of money to finance those projects. Maybe at first, it was only a test for him on crypto. But when he realized, he has big influence in the market especially in doge, one tweet, and the price pumps, he may then use this influence to his own advantage. Hopefully, he will push thru the collaboration with doge team. And let us see if there will be any improvement on this old alt.

[Hannahanto]

Seriously even I have no clue.
Steady hyping of the coin. He even made a post saying "how much is that doge in the window" and binance attacked and call him "Good dog". Those two have been trending as meme all day.
Now that the market is in total dump let him continue to hype if doge price will come up. Waste of time I'll say.

[sitbang]

My opinion is that by using Dogecoin, Elon Musk provokes everyone or shows that he can control the market, I believe He is the richest and can afford whatever he wants and it is very difficult to know what is behind his cryto action. I believe that elon's goal is to dominate the market

[iTradeChips]

In my opinion, basically all he is doing is making money. Actually what I think is that he is trying or possibly trying his manipulative powers to see if he can make the price of doge up by giving up some tweets that would give the coin a good name and market it to all the Elon fans out there, hey look try cryptocurrency now and start with the coin I love which is DOGE. So his cult starts buying and buying and buying the coin until the price is up many percent. And I think he might have already sold his coins after he attempted to make the prices very low again. For me that is simply what had happened.

[sapnu]

Elon Musk's motive towards crypto, not only in Doge seems dark and selfish. It seems that he wants to showcase his power not only in the world where everyone sees him as the richest person alive but also in the crypto market where whales rule the price manipulation. Let us not let him continue to obtain fame just because he is the talk of the town at the moment. Everyone is now struggling while most of them are just playing around in the market, let's hope they tire out already and quit doing what they are currently doing.

[South Park]

Do you think he does it because he wants to make money? Do you think he speculates with Dogecoin?

I am wondering if he will keep tweeting about it after the bull market is over.

I am not interested in what its purpose is. In fact, we will never be 100% able to find out about this. But something else worries me. Why can just one person have such a powerful impact on market change? It looks completely abnormal. 

Musk is just the tip of the iceberg, he is the obvious reason for what it is happening, however whales are not dumb, they saw what Musk was doing and as soon as they got the smallest sense the market was beginning to panic they crashed the market on purpose so they got a lot of fiat and now they can force weak hands to sell their coins to them and buy way more coins in a single movement, so Musk is not the only guilty party here even if he is playing a major role on how the events are unfolding.

[Natalim]

Elon Musk's motive towards crypto, not only in Doge seems dark and selfish. It seems that he wants to showcase his power not only in the world where everyone sees him as the richest person alive but also in the crypto market where whales rule the price manipulation. Let us not let him continue to obtain fame just because he is the talk of the town at the moment. Everyone is now struggling while most of them are just playing around in the market, let's hope they tire out already and quit doing what they are currently doing.

Let's hope people will learn, if they will not, Elon will continue to use his popularity to manipulate the market. He would only say something positive to a certain coin and that certain coin will pump, that's how easy his life is, he can make millions in just a minutes, and that is because we tolerate him.

[kenelmark]

My opinion is that by using Dogecoin, Elon Musk provokes everyone or shows that he can control the market, I believe He is the richest and can afford whatever he wants and it is very difficult to know what is behind his cryto action. I believe that elon's goal is to dominate the market

Yes, it does seem that he is capable of dominating the Crypto market at this point in time, but it will not last long for him, because sooner or later everyone who believes in him today will realize that he is only thinking about profit for himself regardless of his followers.