Thoughts on Elon?

[JeffBrad12]

I’d love to what people think his agenda was in turning the table on his supposed cheerleading of the coin.

he wants to increase his money and this must be his agenda and why? i suspect elon already bought lots of doge coins and in another case elon was also a part of big shiba inu holders. This guy was using the crap coin to run his pump and dump scheme. elon already learned a lot about the crypto market and he was using his power to give a very big impact on the meme coin. I do believe after doge and shiba, there will be another meme coin will be tweeting by him.
Elon was so happy playing at the same time fooling the newcomers to get involved on his manipulation.

[Argoo]

Anyone who knows how the cryptocurrency market works will never succumb to the general excitement due to the fact that such celebrities as Elon Musk express their opinion about a particular cryptocurrency. Is it possible to use this situation at first to make a profit. We know that such pumping of certain types of cryptocurrencies by celebrities has always ended in a price drop. This will happen to Doge as well, even though its price is now up about 10 percent daily and 28 percent weekly.
At the same time, Elon Musk raised interest in cryptocurrency quite well, and therefore I have a positive attitude towards him. The rest of the participants in this market need to have their own head on their shoulders and their opinion about the cryptocurrency.

[isaac_clarke22]

It could either go either ways anyway in the first place. It would be either Musk manipulated the market by himself or some people are just too stupid to be driven and controlled by celebrities in decision for their investment.
It is not like Musk intended or wanted people to invest in Doge Coin. He liked memed it up.

[Kojo2808]

Some of coins promoted by Elon Musk on Twitter have increased drastically, including Doge and Shiba Inu. I don't know why Elon's tweet dramatically affects the price of these coins. A coin like Doge, which is not a utility coin, can go up like now. Even some Bsc tokens use his name, Elon, hoping that their token price will also increase.

I didn’t know he touted Shiba too. I invest a little in that. 100% speculative gamble of course but just having him connect to a coin is off putting. 

[tabas]

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.

The quote always go with "buy the rumor and sell the news". When there's an announcement like the SNL, Elon and Doge. You buy before the event.
And when the event is about to happen, you expect that there will be a massive dumping on that particular day or even before a few hours that event happens.

Well, it is a part of the game, Elon Musk perhaps selling a huge part of his share in my own opinion. But I don't lose that this is the end, perhaps there is a hype again and as I can see on the graph, the price now has been slow recovery its price up and I think those invested when there is a correction of about 30% since yesterday. It could be a good profit while holding and for sure there will be resistance after a massive dip. However, Elon Musk will be looking some ways that this coin will not abandon by its supporters.

He probably did and just made another billions or hundreds of millions with the said dip. And right now, it's again the market that starts to dump again.
Ethereum, Doge and other altcoins are dumping including bitcoin too.

[wxa7115]

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.

Even if we assume that he is manipulating the market to his favor we must also understand that following blindly someone else is always going to cause you problems over the long term especially when it comes to money.

Many times in the forum we have recommended that people do not follow the signals given by trading groups blindly and yet people do it, so it makes sense that when people see Elon posting something they try to look into it some kind of single and they act upon it, but this is a waste of time, if you really want to trade then you need to find a way to do it by yourself otherwise you should not even bother.

[Xcode7]

I’d love to what people think his agenda was in turning the table on his supposed cheerleading of the coin.

he wants to increase his money and this must be his agenda and why? i suspect elon already bought lots of doge coins and in another case elon was also a part of big shiba inu holders. This guy was using the crap coin to run his pump and dump scheme. elon already learned a lot about the crypto market and he was using his power to give a very big impact on the meme coin. I do believe after doge and shiba, there will be another meme coin will be tweeting by him.
Elon was so happy playing at the same time fooling the newcomers to get involved on his manipulation.

I agree with you. elon plays so beautifully that he can surprise many people by giving support to Dogecoin capable of pumping to high, so to say almost touched $ 1 / coin. so that many ordinary investors or beginners are tempted to buy and invest in Dogecoin in the hope of getting extraordinary profits. But now that hope is starting to fade because Dogecoin has dumped significantly in the past few days, many novice investors have complained about it because of the losses it has experienced. but I still admit that Elon is a smart and great person.

[nhaila]

I always follow Elon musk announcement but recently followed his announcement I already lost 3000$ by investing dogecoin. When dogecoin pumped to the highest maximum peaks $0.74 then I invested on dogecoin and hopefully stored to get profits till $1 per price but today dogecoin $0.50 .

[ingiltere]

Some people act like Elon Musk doesn't have a job other than shilling coins, especially DOGE. People need to remember that Elon Musk is a high profile entrepreneur and well deserved wealthy man, he's not an ordinary coin shilling profile on social media.
For what he did to humanity I adore his work, whether it's space program or electricity cars. He tries to make the world a better place, he's a visionary guy. I don't think he cares a regular joe that bought DOGE at the top. He already warned people. Don't put money you can't afford to lose in crypto currencies, ever.

[Twinkledoe]

Some people act like Elon Musk doesn't have a job other than shilling coins, especially DOGE. People need to remember that Elon Musk is a high profile entrepreneur and well deserved wealthy man, he's not an ordinary coin shilling profile on social media.
For what he did to humanity I adore his work, whether it's space program or electricity cars. He tries to make the world a better place, he's a visionary guy. I don't think he cares a regular joe that bought DOGE at the top. He already warned people. Don't put money you can't afford to lose in crypto currencies, ever.

He knows what he's doing for sure. But the problem is the people that are not ready on this market and following his tweets. People give meaning to whatever he is feeding on his social media, even for him, is just spur of the moment. Now, he can see his influence and what his simple tweet can do to the market. He will not reach his status if he doesn't know how to play the market. But people should be very careful in jumping the hype.

[JeffBrad12]

I always follow Elon musk announcement but recently followed his announcement I already lost 3000$ by investing dogecoin. When dogecoin pumped to the highest maximum peaks $0.74 then I invested on dogecoin and hopefully stored to get profits till $1 per price but today dogecoin $0.50 .

That gives you a very good knowledge never try to join in the coin that already got FOMO. The chance for you to lose your money is very big because you are entering at the highest price.
So many newbies got trapped by this pump. Know the market before trying to buy the coin. It's quite difficult for doge coin to recover again, This time doge is suffering a very big dump again due to the bitcoin bearish trend.
You should be patient with that and the recovery may happen next week.

[Saint-loup]

I always follow Elon musk announcement but recently followed his announcement I already lost 3000$ by investing dogecoin. When dogecoin pumped to the highest maximum peaks $0.74 then I invested on dogecoin and hopefully stored to get profits till $1 per price but today dogecoin $0.50 .

That gives you a very good knowledge never try to join in the coin that already got FOMO. The chance for you to lose your money is very big because you are entering at the highest price.
So many newbies got trapped by this pump. Know the market before trying to buy the coin. It's quite difficult for doge coin to recover again, This time doge is suffering a very big dump again due to the bitcoin bearish trend.
You should be patient with that and the recovery may happen next week.

I agree with you but the main difficulty is to guess if the price has already reached its top or if it has room to rise more than its current price. Nhaila was certainly convinced that DOGE didn't reach its peak but he was wrong unfortunately. I'm not sure DOGE will rise again to its ATH in the coming weeks, but I'm pretty convinced he will do it in the coming months.

[plr]

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 down 19% now and if this continues we will see Dogecoin at its old price I don't think they can sustain this until the end of the year, Elon Musk will shift gear and choose a much better choice in the market, but he has proven that he has the power to turn gold something people are discarding, I should have hodl some of my coins if I knew that these things will happen.

[goaldigger]

I always follow Elon musk announcement but recently followed his announcement I already lost 3000$ by investing dogecoin. When dogecoin pumped to the highest maximum peaks $0.74 then I invested on dogecoin and hopefully stored to get profits till $1 per price but today dogecoin $0.50 .

You follow his tweet you must know the risk of that, because you based your investment decision thru his tweets and not through TA or FA. Anyway, Don't worry because the hype is still with DOGE and there's still a chance to make its ATH, but again there's no guarantee on that. Elon is hyping not just DOGE, I see his tweet about SHIBA as well and because of that, many earn a lot of money at expense of small time investor. I wish everyone a success on their trading journey and I'd hope that they'll not get trap on top, take profit as much as possible.

[Psynthax]

What do you expect, elon has the history of going against doge as well it's not all rainbow, people should realize that elon also has his own agenda and masterplan in his mind. now that it seems doge getting dumped hard people instead going against him, I personally don't like elon manipulating market either but people are just too easily getting fomo'd. i'm expecting doge to go down as much as 50% of its ATH considering there's no solid foundation to the market but hype, with shiba atleast it has its own swap and nft market but with doge it's just for remmitance as the best use case other than that is gambling.

[laredo7mm]

So the ‘big day’ for Doge on SNL has come and 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.

He is now saying he wants to launch a satellite named doge 1 and pay in doge for the mission. Also, he is asking the community that tesla should accept doge or not. I am now sure what his agenda is but I do not like how he is doing it. It looks like he wants to make doge a globally accepted currency even in space. Is that even possible that a meme coin becomes a global currency or its tricks to make billions of dollars through a shit coin!

[bamb]

Elon have unnneccesarily accelerate bitcoin price too fast!  Bitcoin is on it's way to the auth regardless of any hype. Unfortunately,  too much exposure is putting traders and investors at risk,  especially in the area of capital gain tax and other unfavorable regulations! We should have hit $100k by now if not for Elon!  It really difficult to know when this circle will end!

[Papsie]

Huge investors and whales in crypto doesn't like what Elon Musk in doing in crypto space especially into some coin. Musk is using his power, connections and influence to gather people to support his doings and make his hype more effective. Do you think thru his power and ability, he can really control the cryprto market someday? Because that is the reason why huge investors and whales are threatened by him.

[Ararbermas]

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.

correct elon's is a king of manipulation he's a very brilliant man wherein he literally use his name in social media just to convince other big investors to follow the path. And that's very effective because he's a billionaire and can give a big contribution so no one will reject that opportunity..  and as you see now he's gone because he already used doge and investors to obtain massive profits. So at this point it's impossible again that doge will increase rapidly like what happened before in my own opinion.

[MUG1WARA]

As expected he made dogecoin look like a joke on a live TV, now dogecoin is paying the price cause it's dumping hard right now, Elon Musk was just manipulating the market nothing more, he probably didn't take the dogecoin shilling too serious like his devoted followers did, so sorry for those who got affected buying a meme coin with no use case, maybe this will teach them a lesson. A