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Author Topic: What is Elon Musk's goal with Dogecoin?  (Read 1626 times)
hamba laeh
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May 06, 2021, 06:14:40 PM
 #41

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.

everyone doing something must have a specific purpose. So in my opinion, the tweet made by Elon has the goal of influencing current crypto users so that they can continue to pump up the Dogecoin price. and Elon is also looking for profit from it, even though he is the world's richest person but he is a businessman so this is a momentum for him to be able to get a profit. and after this bull is over he will stop doing it.

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May 06, 2021, 06:23:28 PM
 #42

I assume that Elon Musk makes Doge rise by tweeting about Doge to just raise his name and reputation, automatically his company name will also be lifted if the name Elon Musk gets bigger and known to everyone, behind that maybe Elon uses Doge to invest for himself.  also don't know it's just my assumption.


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tvplus006
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May 06, 2021, 06:53:26 PM
 #43

everyone doing something must have a specific purpose. So in my opinion, the tweet made by Elon has the goal of influencing current crypto users so that they can continue to pump up the Dogecoin price. and Elon is also looking for profit from it, even though he is the world's richest person but he is a businessman so this is a momentum for him to be able to get a profit. and after this bull is over he will stop doing it.

No one knows for sure whether Elon Musk holds Dogecoin or not. If Tesla's $1.5 billion purchase of BTC was confirmed by a report prepared for the SEC, then Musk ownership of Doge is not documented anywhere. Therefore, the shilling of the coin can be explained solely by Musk desire to have fun watching the reaction in the market from his posting.

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cryptoknightt
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May 06, 2021, 06:59:07 PM
 #44

I do not think so. Elon doesn't take any of this seriously, I see it all just a joke. Doge is currently pumping because of the hype by the name of the richest man. Crypto has strong fundamentals from all sides. This may not last long.
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May 06, 2021, 07:13:32 PM
 #45

I think Elon Musk just wants to try to find a new sensation in crypto and pump Dogecoin to the moon, because I believe Elon Musk doesn't want money from Dogecoin, only popularity he prioritizes, because he himself is the richest man in the world, hopefully Dogecoin can stay in crypto  , of course under the influence of Elon Musk,

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May 06, 2021, 07:22:12 PM
 #46

I think Elon Musk just wants to try to find a new sensation in crypto and pump Dogecoin to the moon, because I believe Elon Musk doesn't want money from Dogecoin, only popularity he prioritizes, because he himself is the richest man in the world, hopefully Dogecoin can stay in crypto  , of course under the influence of Elon Musk,
You mean Elon Musk will take dogecoins into any other new platform from crytpocurrencies? I do not see any chances for that to happen. Dogecoin will stay with us forever and it will be enjoying higher rank into coinmarketcap, thanks to Elon Musk, and nothing else in my opinion. At the same time, I cannot agree that Elon Musk is not looking for profits from Dogecoin pumping; even he is a richest person, I doubt that he will not prefer profits from dogecoin pumping.

They are wildly pumping dogecoin only because it is highly profitable for them. If you notice, dogecoin is taking break in pumping time to time which might be the profit booking phase of Elon Musk.

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May 06, 2021, 07:28:50 PM
 #47

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.
What other money would he want to make when his among one of the richest men alive now, his already doing well as a successful business man, he's the CEO of two revolutional companies Tesla and SpaceX, i think he has all the money he needs to feed even his 10th generation, so I don't think crypto can give him the amount of money he wants, he's just shilling dogecoin for fun, he's a very playful dude, go on twitter and see how he responds to tweets.

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May 06, 2021, 07:35:48 PM
 #48

Not really but still who knows. He is already rich and he could just sit in front of his computer and say anything and people would go crazy on it in Twitter.
He can't speculate because in the first place he doesn't even have a control to the coin.
About if he will keep tweeting about it, who knows? What if he shilled a shitcoin in the end, would people fall for it?
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May 06, 2021, 07:44:10 PM
 #49

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.
What other money would he want to make when his among one of the richest men alive now, his already doing well as a successful business man, he's the CEO of two revolutional companies Tesla and SpaceX, i think he has all the money he needs to feed even his 10th generation, so I don't think crypto can give him the amount of money he wants, he's just shilling dogecoin for fun, he's a very playful dude, go on twitter and see how he responds to tweets.

I agree Elon Musk does not need money from Dogecoin, Elon Musk does Dogecoin shilling on twitter just for fun. And I believe Elon Musk won't
do that for long, he will eventually get bored and maybe try shilling other coins. So it's best to watch out for people who want to buy Dogecoin
right now, the price is too high to buy Dogecoin now and could be dumped in the near future.

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May 06, 2021, 07:47:17 PM
 #50

I don't know Elon Musk's purpose in supporting Doge coin but I do know that he is one of the biggest owners of coin doge in the world.
It is clear that the doge price increase gives him a lot of profit, most likely one day he will sell out the doge coin and turn it into a pile of trash.


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May 06, 2021, 07:51:38 PM
 #51

Elon mask's one and only goal is moon. His dream, his thought, his achievement everything related to moon. Where a person's every work is related to moon then dogecoin is another part of it. His goal is also to reach it on moon. He already launch the rocket and the dogecoin is in the middle of moon and earth. So very soon you will see that dogecoin is in moon and sending signal to elon mask to tweet it on twitter. Well sorry for making fun of it but on a serious note though elon mask is the father of dogecoin then it is his responseble to make this as a best project. Thank you.
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May 06, 2021, 07:53:05 PM
 #52

I watched an informal interview about this and the main reason why would he do this due to the fact Dogecoin as a memecoin.
he asked to the interviewer, what will happen when a coin that is supposed to be a memecoin becomes a real coin/currency?
that was what he say, I do not know whether he is one of the holder but I do know sometime he likes to troll people.

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May 06, 2021, 07:56:06 PM
 #53

I think Elon Musk just wants to try to find a new sensation in crypto and pump Dogecoin to the moon, because I believe Elon Musk doesn't want money from Dogecoin, only popularity he prioritizes, because he himself is the richest man in the world, hopefully Dogecoin can stay in crypto  , of course under the influence of Elon Musk,
Since 2013 Dogecoin has been in the crypto space and has always survived according to market capitalization from year to year so you don't need to hesitate for Dogecoin because he will not die in the crypto space even though Elon Musk's influence will diminish on Dogecoin.
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May 06, 2021, 08:09:25 PM
 #54

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 think his goal is clear. Just make some more money out of it and sell off all his holdings. He is misusing his popularity and position.
What is the use of Doge? It is just another crypto. Why is he promoting it like crazy? It is obvious he is doing it to get some financial gains and once he achieved his that goal, he will dump leaving everyone else in loss.
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May 06, 2021, 08:12:22 PM
 #55

I don't know whether there is another goal. But I think the main goal is helping it reach one dollar the least. And it looks like Elon Musk won't stop until it's achieved. I can't even imagine another main goal behind this support. Because this shitcoin was invented just for fun in the end.

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May 06, 2021, 08:25:59 PM
 #56

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 doesn't need the money, and tweeting for gains would just be market manipulation and he would be insane to risk lawsuits with it. If i recall right he just likes it and would have bought it if the main wallet wasn't holding 25% of the coins (which makes it unpredictable and highly manipulative). I think he is just having fun tweeting and memeing.

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May 06, 2021, 08:35:38 PM
 #57

I don't know whether there is another goal. But I think the main goal is helping it reach one dollar the least. And it looks like Elon Musk won't stop until it's achieved. I can't even imagine another main goal behind this support. Because this shitcoin was invented just for fun in the end.
Dogecoin is not Shitcoin, because Dogecoin has been in the crypto space for a long time even though in the past it was very cheap and even very far from its current price, because Shitcoin is not seen from its cheap price but from its resilience in the crypto space and how long it can be valuable, because Shitcoin is termed a token that is dead and has no value at all.
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May 06, 2021, 09:37:04 PM
 #58

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 think Elon Musk has bigger plans compared to what he has publicly disclosed and also what we have known. Elon Musk is a very influential person. He can get to a board anytime he wants (90% of the time). Like who the hell would decline Elon Musk as a business partner? I think you now know where would my story goes. Elon Musk might be planning on joining a board or a team that would develop cryptocurrency. That is the reason why he is trying to promote it personally (though it is being shown naturally and no agendas).
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May 06, 2021, 10:46:31 PM
 #59

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.

Dogecoin was one of the pioneering altcoins here in this field of business industry for a couple of years. This coins also is one the sleeping
giant here in cryptocurrency, imagine for several sleeping now all of a sudden in just Elon Musk tweet the price of Dogecoin was kicked in the market, just like a bomb explode. But for me, all He said was really an speculations, its all coming by a chance only that most of the doge lover followed his word and hyped methods.
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May 06, 2021, 10:47:40 PM
 #60

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 think Elon Musk will keep on tweeting about the doge coin until he gets a response from the crypto community. The effect of his tweets get the dogecoin price to pump but this will not continue forever if he tweets regularly as he is doing now a days. Sooner or later, people will not take his tweets seriously and we won't see people buying dogecoin on his tweets.
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