What is Elon Musk's goal with Dogecoin?

[Atang Sulaeman]

Elon Musk does this, wants people to know more about it, the more people make fun of the more famous the person is, and the more rapidly its popularity increases, while raising DOGEcoin starts making fun of it but the response from the community actually increases the value of DOGEcoin.

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[Dexion]

Everything happens for a reason. A businessman like Musk is too busy to tweet about Doge for several times. Clearly he's a Doge holder. I don't think he gets paid for tweeting about Doge. It's too tiny in comparison with his fame and status.

Musk's affair with Doge poses a bigger problem. It's highly influential people's effect on cryptocurrencies. If after Musk, other celebrities also shill cryptos, the whole market will be a mess of pump and dump. I don't hate Doge but from a neutral point of view, such behaviors like Musk's should be stopped.

I agree with this, currently Elon Musk's influence is too big to doge, a lot of people who already hold coins with good potential eventually switch sides to doge, and make big coins go down. The scariest thing is that if Elon decides to stop at Dogecoin, Doge will experience massive inflation.

[inanilujimi]

The real goal may only be he who knows, because without Doge he is already the richest person in the world, maybe I want to try to speculate that he really just wanted to see how people react to what he is saying on his Twitter account. but it seems that many make him a doge God who has such an influence.

[decodx]

Obviously yes!
What would you expect? He ain't pumping Doge for charity. He wants to pump it obviously because he wants to earn a huge amount of profit, and Dogecoin could easily give him enough when it reaches $1.

With this much profit, he can pay for a sizable stash of Bitcoins!

The Dogecoins could also turn him into the largest holder of Bitcoins, which would mean the Dogecoin bubble crash is going to be the biggest one in crypto history.

[Desmong]

Elon musk is always good at his game. He uses different desperate methods to get what he want which is more money, but time will tell if is followers and good listeners will continue to enjoy his pattern of life.

[justdimin]

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 after the bull market is over.

He may continue tweeting about dogecoins even after bull run of bitcoin gets over. Please remember only bitcoin markets got definite bull run period so far and not all the altcoins. It means altcoins may continue their bull run even after bitcoin enters into bearish mode. So, I expect Elon Musk to continue to tweet as long as he will be active in all social media.

I am also wondering what would be his goal with dogecoins. Probably to become a dogefather? He already named himself as dogefather.

Most common gold would be making good profits as most whales are pumping some coin for that reasons.

[masterrex]

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 after the bull market is over.

I don't think so I believe Elon Musk has nothing to do with any Dogecoin holdings his the second richest person on Earth after Jeff Bezos so what's the big deal of holding a speculative coin like Doge I believe it's not about money but it's just a kind idea to test his popularity and influence in the crypto market.  

[Sled]

I don't know what her true purpose is with doge. but one thing I saw, he seemed to give education about crypto through doge. he used doge to introduce crypto to his followers. and perhaps one of its goals is profit. he wants to get more profit from crypto

He has a lot of money, I don't think he needs more coming from Doge. That @LoyceV is definitely right, Elon just trying to attract attention to the crypto world and then started to promote Telsa.

Does everyone believes what he says and his tweets? No, Not all because many were still question his real intention of joining crypto. Perhaps, I don't see that he was a reason for the current Bullrun because he just arrives while we are in the rally, not during the dip which I believe there is just only a small impact to the market price upon his arrival.

[Gozie51]

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 after the bull market is over.

Elon musk is getting hype as a rich dude. He has huge fund and can hype any coin. Doge coin is getting hype and because is an old horse since 2013, both sympathy and empathy are all working out the bull for dogecoin. For the SNL, musk intend to hype doge more and speculation has already aiming doge for reaching $1 and continuing the bull from there.

[Golftech]

Elon Musk must consider his own interests. He's always aiming for new projects, and necessary a lot of money for this projects.

For sure, it's indeed about money and how will he take decent amount of profits coming from the projects that he's promoting.

Many small investors currently have high costs, especially for DOGE.

They are trying to catch up and make a nice profits, it's a risk but once being done successfully  the benefits is huge.

I think Elon Musk will attract his investments in DOGE at the first opportunity and many people will suffer losses  

needs to take this up seriously, as there's a high chance to lose your entire investment
once the party is over.

[fortune1002]

I don't think he wants to make money, as he already have a lot. Although, I think he was making meme on meme coin but since, he is consider as man of tech people follow him blindly. Like in past he tweet about signal and people start buying stock of some random signal company. I think same case here too.

[Xinarae*]

He may have thought long ago that giving him a much better income in cryptocurrency and he probably has a lot of plans that one of his messages will be able to influence the whole market a lot there are other things that only big investors can make a profit on because they are influencing the market other than that if he has any decision he is very personal.

[SaShiRaJaVu]

Elon Musk periodically ranks first in terms of wealth on this planet. Therefore, it makes no sense for him to make money on his tweets in cryptocurrency. Most likely, he is just interested in watching how people react to his statements on social networks. This flatters his pride and he does it half-playing, half-joking.
Since his actions generate general interest in cryptocurrency, I take them pretty positively.

Initially everyone thought Elon Musk was trolling the entire cryptocurrency market with his tweets about Dogecoin but when the news of his company invested billions in the Bitcoin market then it is a different aspect as there is no clarity regarding his Dogecoin investment when he was tweeting about it as he clearly knows that his tweets would garner attention and people will invest and if he was doing that to increase his profits then it is a really wrong concept.

[shinratensei_]

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

Elon was holding some doge coins and it's too naive for him if he didn't wanna try to make money from the doge coin too. he was pumping it to increase his portfolio in doge coin.

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

he will keep tweeting about doge until the price of doge will have reached his target and i guess this is a part of his agenda to pump the doge coin. he has very big popularity to make it happens.

[finaleshot2016]

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 after the bull market is over.

He's simply memeing with dogecoin because it's a meme coin.

Is it for profit? No, I don't believe so. He's already wealthy, ranked first, and runs a multibillion-dollar corporation. I can't think of any good reasons for him to continue promoting Dogecoin.
Now that dogecoin has made history, whether he owns millions of them, he has made a significant achievement and benefited from memeing dogecoin.

Maybe he's doing it for the exposure, as part of his marketing strategy? We're not sure what he's focused on, but it's obvious that he's putting together a pump-and-dump scheme, similar to how he rules the crypto market.

[ecnalubma]

If I were his followers they should be very careful and not taking seriously on everything that he tweets when it comes to investments. He doesn’t care about people’s reaction and all he does is shilling, he probably found a new ecosystem where he can troll and that’s crypto.

[rajakulam]

If only to increase income from the cryptocurrency world, it seems that he is not too serious because seeing the financial condition he has is in the first richest line in the world, maybe he just wants to see the influence of the cryptocurrency world through his Twitter account, this is just my thought.

[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 after the bull market is over.

He has no goal, that is the point, dogecoin is a meme coin and we know that Elon loves to make memes and play with his audience so he is using the coin exactly the way it was supposed to be used, just as a way to make fun of other people and the market in general, if Elon was serious about dogecoin then we will see him and his companies investing in it heavily and yet he has only done this with bitcoin and we must not expect this posture to change anytime soon.

[ILuckyGuyI]

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 after the bull market is over.

I really wonder whether he has an investment into Dogecoin right now. But I don't think so. However, I've heard that he bough some for his child.    Anyway, I really don't know the reason and the goal may be 1 dollar. It looks like the price will reach that level. But after that who knows what will happen.

[todiefor17]

Elon Musk insists he invests in DOGE as an individual. It's different from his company, Tesla. So he will continue his tweets to promote value for DOGE.
DOGE is currently approaching the $ 1 mark and that will be done soon. It can be said that this year's brightest star is probably not Bitcoin but DOGE.