What is Elon Musk's goal with Dogecoin?

[Maschine32]

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.

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[Argoo]

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 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.

[Nivia1st]

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.

no, he won't do this forever. there was a time when all of his followers got bored and that was when he would stop tweeting about doge. his definite goal is profit. just look at Tesla who managed to get a profit from selling bitcoin. and when everyone is focused on doge, on the other hand elon is playing with btc. so don't focus too much on his tweet.

[TeQuiero]

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.

[Altcoinsintel]

He thinks that shilling Dogecoin helps increase the price of Bitcoin where he now holds close to three billion investment using Tesla's funds.
So, anytime he talks about Doge, price of Doge increases as his followers and trading bots are buying, creating pump and dump waves that will eventuall crash and Dogecoin will be bellow half a penny.
It is a pump and dump by Musk. What we were accusing McAfee of doing in 2017.

[v3liana]

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.

Ya agree with you, it's very sad for those people who hold a big coin with good potential because many of the holder sell hes coin and turn it into doge. When the doge coin goes up almost all the other big coins go down.

[husdemba]

Elon Musk must consider his own interests. He's always aiming for new projects, and necessary a lot of money for this projects. Many small investors currently have high costs, especially for DOGE. I think Elon Musk will attract his investments in DOGE at the first opportunity and many people will suffer losses  

[Hobo66]

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 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.

You are right Elon Musk is already in top richest in the world. He don't want to earn money by tweeting about dogecoin. I think he is playing game with dogecoin. He want to see people react on his actions on dogecoin.

[TopTort777]

With the use of dogecoin, Elon Musk trolls everyone or shows a proof that he controls everything. Of course he is interested in money, but that is not his priority. He is rich enough and can afford anything he wants. It is hard to tell what is behind his crypto actions. Doubt that he is really interested in worlds cryptocurrency acceptance. I think he is more like "look what I can do, but all of you cant and cant resist the results".

[Oasisman]

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.

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.

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.

Do we have a proof for this?
He's not just interested about how people would react to his statements. He primarily wants to expand his wealth. That's what rich people do, they are too obsessed with earning unlimited income. Not because he's the wealthiest man on earth and that he stops right there.
This kind of mindset is the reason why we cannot reach what these crazy rich people reached, because we think what wealth we have right now is enough.

You know what's really not making sense? By just watching people taking the opportunity to make huge profit initiated by you and you're just watching doing nothing because you're the richest person on earth.

[Teraboy]

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.

it looks like the theory about elon was the owner of address with billion doge coin was true and i think that elon was aiming to make doge coin to grow as much as doge can.
When doge reach $1 and i can imagine how many proft that will have gotten by him.
Even if that's still a theory but i do believe about that after seeing elon was always creating regular tweet to shill doge coin. That was also pushing so many whales around the world to push the doge coin as well.

[Beparanf]

To hype and sell high. He will not gonna put his name on a a random meme coin with his reputation in line if he will not gain a lot of money out of it. Possibly he was connected with the devs of dogecoin before he invest big time on it because no Billionaire in the right mind who will buy huge amount coin to a merely meme coin with unlimited supply. Only moonbois will believe that Elon will gonna hold forever.

[Scripture]

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 making money with DOGE and that’s for sure because you’ll not hype a specific currency if you don’t get something in return. Actually, we don’t really know his goal on hyping DOGE, that’s too impossible to know not unless he’s one of the secret creator of DOGE, that make sense. Elon is very influential, he’s so serious in cryptomarket right now.

[target]

Dogs are just cute that everyone likes. Elon is like helping everyone by introducing them to the crypto world and whether you like it or not its working and people are buying dogecoin.

Its just a matter of time til we see the market couldn't sustain anymore and literally the coin thats created out of joke will be a joke once again.

[CryptopreneurBrainboss]

So here's what I think and believe isn't far from the truth. Just like others, like the like of CZ and other altcoins creators, they all knew they have missed an opportunity to have made name for themselves and fortune since they weren't earlier investor in bitcoin so they go create some random token, give it purpose, hyped it so it get famous and investment starts coming into the coin.

With Elon strategy, he just choice the coins that could give him more profit as it was basically worthless, bought as many quantity as possible and starting hyping it. With his media audience and fame there's every chance of a success and that's what we're currently experiencing.

I gave a bad feeling about doge although that doesn't mean money won't be made. If you're picking just be cautious and know when to back off and secure the profits that you have already made.

[oioi]

What is certain is that if you continue to pump DOGEcoin there are parties that will benefit,
 including Elon Musk himself, and people who hold DOGEcoin prices at low prices will definitely benefit when the DOGEcoin price rises.

[Kasabus]

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.

That probably a money-making deal. Elon doesn't make such an aggressive move if he can never get benefits from it.

What did he do? He is just simply helping Doge to pump, he tried to manipulate it and he succeeded. I'm not sure if we have to attack and blame him because some people are also happy with what he does to Doge. But even it results positively, I'm still not going to invest in Doge, not really my type.

[akgandalf]

I've always asked myself this question too. He is one of the richest men in the world and he has a company like Tesla. If he deals with btc and eth, I understand why dogecoin. Even if he makes an explanation, we'd better find out the reason.

[LoyceV]

Isn't it obvious he only wants attention? And millions of people are falling for it!
Don't think one of the richest guys on the planet does anything in your interest. Some people will earn from it, many people will lose money because of it. And Musk will still be rich.

He tried trolling with Tesla stock on Twitter, got a 10 million dollar fine, and can now troll all he wants with crypto. Even his kid's name is trolling.

I can't grasp how he even cares about trolling online, when he can basically do anything he wants. That must mean he really wants to troll

[kidbounty]

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