What is Elon Musk's goal with Dogecoin?

[electronicash]

i remember he said that dogecoin is made out of joke. and was purposely made to make fun of cryptocurrency which he also add that "faith love irony" to which the cryptocurrency that was made out of a joke in fact becomes the real currency. this is the video https://www.youtube.com/watch?v=u_U_dOOI9us

i really think he is serious about doge being one of the cryptocurrencies of the future and it was to make fun still.

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[YOSHIE]

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 think ELON MUSK's goals both on social media and on his personal social media are widely known by many people, Elon is no stranger to the community in forums or outside forums, public.

According to what elon said to doge.
Here are the main goals:

ELON MUSK: MY MAIN GOAL IS TO GET HUMANITY TO MARS BEFORE I DIE

Elon Musk explains Dogecoin on SNL: Is it 'the future' or 'a hustle'?

[leea-1334]

Many good news coming out for Dogecoin today and I believe there will be a great comeback because coinbase will list Dogecoin for coming weeks and that alone is so bullish. Elon Musk did a great job shilling and as he said he will take dogecoin literally to mars and he also considering dogecoin as payment of purchasing tesla cars.

If a coin needs to depend on good news all of the time and cannot grow on its own naturally,,, then you should be very worried for the time that all these platforms start to lose interest in the coin and will only go somewhere else. Elon did a good job shilling,,, but all shills know they need more and more effort to push and maintain price pumps.

[South Park]

He have all the resources and all the information that he needs to prevent that to happened, before SEC sue him he already have a good alibis for such claimed.

Like what you have said he's too smart and always have someone to defend him, his sets of lawyers are the top as he can easily pay them out to secure his position.

He can make more money by bring the hypes we just dont know where it's coming /going to.

I will have to recognize that most likely I was mistaken, just a few days later we have seen what can only be characterized as an attack coming form him against bitcoin, this is worrying as it seems to me he is trying to manipulate the market, however this is a dangerous strategy, the SEC is getting more and more interested in the market and their activities have began to increase and there is no doubt in my mind they may watch every single tweet of Elon and see the reactions of the market and they may be building a case against him if he keeps doing things like these.

[seleme]

It is also interesting for me because Dogecoin is one of the shitcoins, but the price of this coin is manipulated by Elon Musk's tweets, l don't think that Elon Musk wants to earn only from Dogecoin, there are also other reasons for holding this coin. However, l don't know exactly what is the purpose of this. On the other hand, Elon Musk has decided that BTC will not be accepted for getting Tesla cars, if you want to buy Tesla, you can do it with Doge. This decision is also affecting the price of Dogecoin.

[Natalim]

It is also interesting for me because Dogecoin is one of the shitcoins, but the price of this coin is manipulated by Elon Musk's tweets, l don't think that Elon Musk wants to earn only from Dogecoin, there are also other reasons for holding this coin. However, l don't know exactly what is the purpose of this. On the other hand, Elon Musk has decided that BTC will not be accepted for getting Tesla cars, if you want to buy Tesla, you can do it with Doge. This decision is also affecting the price of Dogecoin.

There's no reason for him to hold a shitcoin, all he did is to hype the coin so he can earn from dogecoin. He finds dogecoin a coin that was neglected and if he holds a big portion of it, it's easy to manipulate it by moving the big supply to the market, and he succeeded in doing it, everyone is riding with him and now that his reputation is a bit tarnish, I'm sure panic is already happening.

Expect a huge dump on DOGE.

[Gayong88]

The one who best understands the friction and the direction of the Doge in the future is the elon itself and for its fundamentalists it is not certain that the example when the elon pumps it up significantly when it goes down is also so drastic. The general picture is like this DOGE = as long as the musk elon is still pumping and is discussed, it will certainly increase.

[Mr.Scott]

It is also interesting for me because Dogecoin is one of the shitcoins, but the price of this coin is manipulated by Elon Musk's tweets, l don't think that Elon Musk wants to earn only from Dogecoin, there are also other reasons for holding this coin. However, l don't know exactly what is the purpose of this. On the other hand, Elon Musk has decided that BTC will not be accepted for getting Tesla cars, if you want to buy Tesla, you can do it with Doge. This decision is also affecting the price of Dogecoin.

There's no reason for him to hold a shitcoin, all he did is to hype the coin so he can earn from dogecoin. He finds dogecoin a coin that was neglected and if he holds a big portion of it, it's easy to manipulate it by moving the big supply to the market, and he succeeded in doing it, everyone is riding with him and now that his reputation is a bit tarnish, I'm sure panic is already happening.

Expect a huge dump on DOGE.

Exactly, everyone is entitled to express an opinion. Here, we are basically betting on Dogecoin, not investing. Elon has the power to manipulate the Doge market, yet he's pumping and dumping shitcoins constantly. There's no reason to invest on it, thus educate people should stop paying attention to him. Dogecoin of course not a financial advice.

[bryant.coleman]

i just saw that elon musk just wanted to get personal profit from trading Dogecoin. no more than that. what he said about doge and Tesla or other tweets in my opinion is only the formulas he created so that people are interested in investing. without it people would not be interested in buying. so be more selective in investing as my advice. do not let you become a victim and get an investment loss

Everyone knows that Elon Musk doesn't directly own any large amounts of cryptocurrency. Even his indirect ownership of cryptocurrency is limited to Bitcoin (which is under the ownership of Tesla). In fact if he was owning large quantities of Dogecoin, he would have been in a lot of trouble, as the SEC is closely monitoring his market manipulation strategy. Ultimately, his intention may be to come up with his own cryptocurrency. That's the hint I get, when I go through all of his recent Tweets.

[sergienkoe]

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 don’t know if he is speculating on doge.
But the fact that a man like Musk is pumping a coin ... it makes me sad.

[VanDeinsberg12]

The one who best understands the friction and the direction of the Doge in the future is the elon itself and for its fundamentalists it is not certain that the example when the elon pumps it up significantly when it goes down is also so drastic. The general picture is like this DOGE = as long as the musk elon is still pumping and is discussed, it will certainly increase.

Agree, main reason for people coming to this coin is because elon as well and until this day the reason still remains the same while also people expect elon as a billionaire to give them a way to multiply their money, but
it seems the hype of doge recently has been decreasing though the price still kinda stable around  $0.5 therefore we can take conclusion that this coin only good if elon is still relevant and still discuss about this coin, other than that, it could get dumped drastically anytime
just like other meme coin. tesla plan of accepting doge as payment method doesn't mean shit at this point since it's kinda irrelevant other than just a temporary hype.

[keseoma]

Elon Musk is a money maker. He bought Paypal and sell it, he bought Tesla and almose forget it, he bought SpaceX and still working!
He bought BTC and bump it with his influence, then sell it!
He bought Doge and bump it with his influence, and will sell it soon! He made enough~~~

[Desscount]

i just saw that elon musk just wanted to get personal profit from trading Dogecoin. no more than that. what he said about doge and Tesla or other tweets in my opinion is only the formulas he created so that people are interested in investing. without it people would not be interested in buying. so be more selective in investing as my advice. do not let you become a victim and get an investment loss

Agree, but if he continues to do this I think many people will no longer believe in the future because they have memorized the pattern of what Elon Musk did with all his tweets for personal gain. We should make a case so that Elon Musk can learn that what he is doing is detrimental to many people who don't understand cryptocurrency investing.

It's true I also think so slowly everyone will also know the patterns used and the methods used in cryptocurrency,
whether it will be effective if we make a case but if we don't try it also won't know the result,
let's see what Elon Musk does next

[Himalayacoin007]

I see Elon musk to be an influencer for dogecoin not necessarily because anyone is paying him, but because he holds a substantial amount of the coin which could be one of the reasons why the coin is pumping. Several persons are joining to hold dogecoin and we may have more significant increase if this continues.

[Sirait]

I see Elon musk to be an influencer for dogecoin not necessarily because anyone is paying him, but because he holds a substantial amount of the coin which could be one of the reasons why the coin is pumping. Several persons are joining to hold dogecoin and we may have more significant increase if this continues.

^ surely Elon has a lot of Dogecoin in his bag, it would be impossible if he had made Dogecoin famous without any personal gain. Dogecoin was created just for memes by its creators, so there was actually nothing special about this coin before Elon made a scene.

[ven7net]

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.

My opinion is that Elon Musk is speculating on the price of Doge Coin and, of course, like many others, he just makes money. The fact is that Doge Coin itself does not carry any value, but its price before the growth was negligible, which made it possible for Elon Musk to easily increase it by a large number of times. And now you can calculate how much you could earn if you bought Doge Coin before the growth and sell it now. Would you get a huge income and you think Elon Musk did not make money on this? Of course, he and other knowledgeable people made very good money. If there is a global fall in the crypto market, then the price of Doge Coin will also fall and I do not think that Elon Musk will support it.

[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 don’t know if he is speculating on doge.
But the fact that a man like Musk is pumping a coin ... it makes me sad.

I really think that is what he is doing, despite how many people admire him he is not a good businessman, his companies lose money and he asks for all kinds of free money, it is possible that he is thinking about all the easy money he can make by manipulating the markets, but he needs to be careful, what he is doing is illegal in the stock market and taking into account that many agencies of several governments are putting more attention to this market it is possible he will be eventually charged for manipulating the market on his favor.

[m2017]

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. 

[OgNasty]

If he’s the whale holding a massive amount of Dogecoin as has been speculated, his goal is simple. Make a ton of money manipulating people who don’t know better. He didn’t become the richest man in the world by not making money. I’m sure it’s all a joke to him, and he’s probably downright giddy that his joke has made him tens of billions of dollars. I doubt he’ll be using the money to make people whole who followed him into this shitcoin mess.

[kenelmark]

I see Elon musk to be an influencer for dogecoin not necessarily because anyone is paying him, but because he holds a substantial amount of the coin which could be one of the reasons why the coin is pumping. Several persons are joining to hold dogecoin and we may have more significant increase if this continues.

Your advice is good for Elon Musk, but can you pass this advice straight to Elon Musk so he knows and we can all hope that he is aware of what he's been doing in the last few months in crypto?