Thoughts on Elon?

[Kojo2808]

So the ‘big day’ for Doge on SNL has come an gone and it turns out that the so called positive announcement from Elon on Doge ends up being a mockery. I’d love to what people think his agenda was in turning the table on his supposed cheerleading of the coin.

[ijeb]

Of course this happened. It is nothing more than market manipulation. Now a lot of people is losing money because they missed the Doge train.
If the price will continue to drop, we will see some hype around it and pumping because of those that bought high.

There is an very true statement that every trader knows: Buy the rumors - sell the news!

[virtualdn]

A master of manipulation. People praise him like he is a kind of god. He is just a human being who happens to be a billionaire. He loves money as much as you do or maybe even more. People better use their brains and not count on AI from Musk instead. You will be musked in the end.

[zasad@]

https://twitter.com/elonmusk/status/1361094185412100096
Elon Musk(C)
@elonmusk
"If major Dogecoin holders sell most of their coins, it will get my full support. Too much concentration is the only real issue imo.

I will literally pay actual $ if they just void their accounts"

This is part of a big game, everyone understands that the coin has very many owners with large wallets, but people continue to gamble.
minus 33% in 24 hours

[virtualdn]

So the ‘big day’ for Doge on SNL has come an gone and it turns out that the so called positive announcement from Elon on Doge ends up being a mockery. I’d love to what people think his agenda was in turning the table on his supposed cheerleading of the coin.

Today Elon looked like a confused person. Although he did talk about the dogecoin but it was all in a joke. We were hoping for some serious announcement form the Elon Musk, but it seems that Show was only for entertainment purpose. Nothing specil about dge was announced and price dumped out of disappointment.

How can people expect a serious announcement about something unserious? This coin is based on a meme, what normal business would invest their capital in a meme? Buy BTC if you want to live a more peaceful life without checking the Doge price every minute, people will die of stress this way.

[btc_angela]

So the ‘big day’ for Doge on SNL has come an gone and it turns out that the so called positive announcement from Elon on Doge ends up being a mockery. I’d love to what people think his agenda was in turning the table on his supposed cheerleading of the coin.

It's slowly showing that Elon is really on Doge and for pure manipulation. And what a dump, from as high as $0.60+ now it's $0.44. But then again, we all know that Doge cannot sustain it's massive growth, yes in the future it might go up again, but for sure Elon and others are taking advantage and probably buying at this price and then go shill for it again to push the price and then dump again.

The process will continue until this alt coin bull run is over as investors will go back to BTC again.

[cryptoaddictchie]

So the ‘big day’ for Doge on SNL has come an gone and it turns out that the so called positive announcement from Elon on Doge ends up being a mockery. I’d love to what people think his agenda was in turning the table on his supposed cheerleading of the coin.

What do you expect he gonna shill it like hey I'm gonna promote dogecoin until it reaches $1. Im sure many got rekt on the apeing at 0.70 level and straight down to 0.55. I saw the trend line suddenly straight to hell. The event is literally not about dogecoin but some business and social matters.

Dogecoin has no use case but since its Elon favorite, it drag it to the top. Anyway traders are probably get liquidated on that scene.

[lionheart78]

Elon is a great hyper and influencer but aside from Elon there is another force on the cryptocurrency market that has the same power as he is or maybe much powerful, not on hyping but on the manipulation of the market.  Possibly this group had come to manipulate the market and make it look like a dump which in turn if successful can accumulate much more DOGE in a cheaper way then continue to pump the Doge market again.  I don't know but I feel like the dump is intentionally done to shake the weak hands before pumping it to break the ATH again.

[Fundamentals Of]

Nobody should take Elon's statements on Doge seriously. Why do people seem to attach too much significance on Elon's words? Why don't they just take a closer look at Doge and decide whether it is a coin worth investing or not?

It is amazing how a lot of people are just doing and deciding on things based on other people's jokes. Elon is clearly just joking around with Doge and his ignorant followers are already crazy FOMOing about it.

[so98nn]

Elon is a great hyper and influencer but aside from Elon there is another force on the cryptocurrency market that has the same power as he is or maybe much powerful, not on hyping but on the manipulation of the market.  Possibly this group had come to manipulate the market and make it look like a dump which in turn if successful can accumulate much more DOGE in a cheaper way then continue to pump the Doge market again.  I don't know but I feel like the dump is intentionally done to shake the weak hands before pumping it to break the ATH again.

These are my exact thoughts about the current Musk situation. The big picture is being seen in completely wrong way. Elon himself said he will gift his mother DOGE on the mothers day and surely he won't lie about it on the national TV and world wide Live forecast. The strategy was to talk less about the DOGE, make people feel sad about it and dump the coins.

Gift their Mum when the DOGE is at it's lowest and then again announce that "Elon is Dogefather" and there you go, his mom is richest person.

Think about this strategy twice, you have the power, you have the billions!

[target]

Well, we've learned he is actually a child with Aspergers. It's autism spectrum so that makes him quite a real special kid. It's amazing how witty he could be in the show, if you are not expecting the dogecoin rise I think you would really be impressed with him.

I watched him on a talk show with Jack Ma and Elon is very open to criticism and if it was someone else who has the money and power like Elon, he probably would kick that ass of Jack Ma. I still think Elon is cool.

[masterrex]

So the ‘big day’ for Doge on SNL has come an gone and it turns out that the so called positive announcement from Elon on Doge ends up being a mockery. I’d love to what people think his agenda was in turning the table on his supposed cheerleading of the coin.

Now Elon Musk is laughing at us, many are bought during the peak and hoping that the $1 dream price can be achieved but what happens now why the price has gone down a negative 35 percent at the time of writing, what will be the next episode? I'm sure many money will burn this time, while others are already nervous about the outcome in the following days, which might be resulting in a massive dump. Just my opinion and I'm not an expert about it. but the truth is I'm already sold mine. peace!

[makishart]

TBH, the doge community was getting played by elon must very well.

This thing already predicted since the pump was happening. Elon was taking doge coin as a joke coin and no more. The doge community, newcomers and tiktokers were taking the joke by elon so hard.
Idk why so many people are seeing it as a serious declaration by elon. lol

[youdacapt]

So the ‘big day’ for Doge on SNL has come an gone and it turns out that the so called positive announcement from Elon on Doge ends up being a mockery. I’d love to what people think his agenda was in turning the table on his supposed cheerleading of the coin.

People are opined to their opinion, but the reality is that Elon Musk is no different from John McAfee (they are both influencing crypto assets due to the audience they command) because all he is literally doing is shilling tokens and causing a rush in price and this has been done especially with doge coin and shiba pup (recently). Shilling of coins will only yield rewards on the short term; on the long run it will end in massive losses.

Shilling ofcourse is very rewarding especially in a bull market; protect your funds and capital and always do your own research

[Meta anggraini]

Of course this happened. It is nothing more than market manipulation. Now a lot of people is losing money because they missed the Doge train.
If the price will continue to drop, we will see some hype around it and pumping because of those that bought high.

There is an very true statement that every trader knows: Buy the rumors - sell the news!

No its not a true statement, it must be Buy the Goodcoin - sell the Dogecoin.
I have warn many of my friends to avoid Doge and invest on another but most of them are too greedy since they profit from it before.
They add more doge to their bag and ended rekt.

[Jackl87]

So the ‘big day’ for Doge on SNL has come an gone and it turns out that the so called positive announcement from Elon on Doge ends up being a mockery. I’d love to what people think his agenda was in turning the table on his supposed cheerleading of the coin.

I am pretty sure that doge would be way lower than it is right now if elon musk would have never mentioned it. So every Dogecoin holder that had them before the first Elon tweet or even the ones that bought after his first tweets a few months ago should still be deep in the profit territory. On the other hand it is sad to see that he basically made fun of it because with his statements in the show he harmed everyone badly that bought dogecoin in the last few days. I mean from 0,70 to 0,43 is a pretty heavy crash all because of his actions.. i hope he realises that he is playing with the wealth of a lot of people here.

[totaleclipseofthebank]

Of course this happened. It is nothing more than market manipulation. Now a lot of people is losing money because they missed the Doge train.
If the price will continue to drop, we will see some hype around it and pumping because of those that bought high.

There is an very true statement that every trader knows: Buy the rumors - sell the news!

I agree with you. Buy the rumors - sell the news! is the best trading strategy, especially with significant news. Doge is a good coin but it is not good enough to have such price. Soon, people will sell it to take profit. Anyone who bought near the top will suffer the most

[pakhitheboss]

In my opinion whatever is happening with Doge is a trap intended to capture more money. I have not heard anything that suggesting the price to spike so much. The only thing I have heard is Elon promoting it whenever and wherever he can, unfortunately this time it back fired.

[int03h]

Elon Musk is a businessman and he's made clear about his manipulation of DOGE.
It is everyone who has been chasing profits when buying DOGE regardless of the nature of the problem.
The game may be over, people who bought DOGE on the moon created by Elon Musk will either stay at the moon or cut losses.

[Shallow]

When it comes to fomo as well as hype on any coin whatsoever, no matter who is causing that hype, there is need to be careful of that coin because anything can happen and in most cases market manipulation just as Doge. Many people were jumping into Doge without having any target, or will I say they were all clamouring for 1$ while most were busy taking profits, and in addition if you check the rants so far, its mostly new traders or newbies who saw what was happening, and without any form of advice jumped in and now they are lamenting.
Even if he continues now again, the price will skyrocket again and a lot of people will still forget the lessons learnt.
Well, since it's all about manipulation, the price might skyrocket again after correcting but no one knows when or if it will at all.