Why Elon Interested in Dogecoin?

[DanielBroonze]

As, we know that Btc & ETH are the top two Crypto in the market but I am confused why Elon interested in Dogecoin?

[asriloni]

As, we know that Btc & ETH are the top two Crypto in the market but I am confused why Elon interested in Dogecoin?

It's caused by he was an agenda for doge coin. Remember that elon was mentioning on his tweet if he needs a crypto that can be used in mars and doge coin is including on his project.
he was also buying lots of doge coins and you must see that there are some addresses that owned more than 50% of total supply.
Elon will not buy something if that will not be really useful for him. The communities have been talking about this since at the end of last year.

[wack slacker]

Elon Musk is an individual investor and he certainly bought a lot of Dogecoins. That's the reason he tweeted about it. His work easily gives DOGE a value boost and is more profitable than he tweeted about Bitcoin or ETH.

[Xinarae*]

The reason Elon Musk is interested in dogecoin is that as an investor he holds this currency and mentions it in his tweets for a price increase. If other investors invest its price will increase rapidly as elon musk is one of the most influential billionaires of this century we are convinced that he has a huge amount of advice for running a new business. Bitcoin and ethereum are very popular currencies but as investors elon would like to raise the price of these currencies.

[Gayong88]

For the exact answer, only Elon knows, but if we look at recent developments, both Elond and other parties provide strong support for the improvement and use of Doge as a means of payment such as the discourse of Q1 2022: https://www.cnbc.com/ 2021/05/09/spacex-accepts-dogecoin-payment-for-doge-1-mission-to-the-moon.html

[Coyster]

The thing you must know is that Elon Musk buying dogecoin doesn't mean you should as well, for quite a while now, whenever Elon tweets/talks/endorses any crypto coin, you can definitely expect a hype of that coin afterwards; Elon Musk wouldn't basically open up about all his reasons why he fancies a particular cryptocurrency to the other.

Thus, rather than being interested in why Elon Musk likes Dogecoin, you can do your research of Doge, find out it's pros and cons, it's long term sustainability, how used it'll be in the next couple of years, TX fees, network speed, etc, that way, you could form a basis why not only Elon, but every other Dogecoin user is interesting in it, and you could prolly invest as well cause you've DYOR.

[TastyChillySauce00]

We don't know what the real reason behind it but elon just seems to like doge because it's a meme coin and the shiba dog as its logo. I mean when he first supports doge he just supports it out of the blue and maybe the fact that developers of this coin itself already sold their doge possession that opens up a way for elon to take over the influence to this dogecoin as well as preventing him from being taken advantage of by some small group of people who possess dogecoin but that's just an assumption.

[TheUltraElite]

As, we know that Btc & ETH are the top two Crypto in the market but I am confused why Elon interested in Dogecoin?

Why is an answer you will never get a concrete answer to.

Easy to think that he is only involved in pumping the price so he can sell and make a profit. At least that is what we have seen previously with celebrities promoting certain coins or being associated with those coins and making a nice profit in front of their governments who are unable to stop the money laundering.

To make it simple, people like Musk have a lot of cash at hand that needs to be stored in some safe place. They cant go to the bank because of taxation they would face and also the scrutiny of revenue departments. So they move to these safer havens of money and use them to raise the value of their assets.

[Luffygroove]

Probably because he doesn't have to learn about fundamental technology, utilities, or whatsoever lol. Kidding aside, we know that Doge already has a name before. It's the first meme coin made ever for fun, it's a light topic, and it's easy to be hyped for. People don't need to think too much about this coin and Musk is a clever guy, he knows how to move the crowd. Personally, I never thought it would be this huge, but the fact speaks differently.

[Hobo66]

As, we know that Btc & ETH are the top two Crypto in the market but I am confused why Elon interested in Dogecoin?

I think he has Invested a lot of money in DogeCoin so he is shilling Dogecoin for getting big profit and second thing that I think, he is only taking meme token.

[bitkanu]

He owned some doge coins and that makes sense if he was interested in doge coin due to the chance for profitability and it's not only that maybe you forgot to mention bitcoin as well.
Elon was also investing in bitcoin and he owned some bitcoins too. That being said doge is not the only coin that used by elon to store his asset.
Bitcoin is also making him interested.

[quins]

For the exact answer, only Elon knows, but if we look at recent developments, both Elon and other parties provide strong support for the improvement and use of Doge as a means of payment such as the discourse of Q1 2022: https://www.c[Suspicious link removed]m/ 2021/05/09/spacex-accepts-dogecoin-payment-for-doge-1-mission-to-the-moon.html

permission to quote sir... exactly sir this is why did i buy this coin because i know the destination, hopefully it will increase even more.

[ashmodeus]

i am not sure about reason why he love soo much dogecoin , but whatever is it , i am really sure he have a plan with doge, probably invasion to fiat currency or something like that 

[FairUser]

I remember it starting with the SWB movement in stocks and then the doge coin is the name they started to care about, and it keeps going up until now. I see this as purely a bubble, and while it may increase, I won't be involved with it at this stage, and I pray for those who are stuck with this coin, good luck next time.

[passwordnow]

As, we know that Btc & ETH are the top two Crypto in the market but I am confused why Elon interested in Dogecoin?

That's an easy question and the answer is that he's a holder and investor of it. A person would put the topic into his favor because he's going to benefit from it.
It's very possible that he's one of those owners that owns a lot of Dogecoins that's likely been monopolized. As he keeps talking about it and shares his tweets to the public about Dogecoin. It's one thing for sure that he's doing it for his personal gain.

[MusaMohamed]

It's caused by he was an agenda for doge coin. Remember that elon was mentioning on his tweet if he needs a crypto that can be used in mars and doge coin is including on his project.
he was also buying lots of doge coins and you must see that there are some addresses that owned more than 50% of total supply.
Elon will not buy something if that will not be really useful for him. The communities have been talking about this since at the end of last year.

I don't think Dogecoin is the only coin that he can used on Mars. Nothing special from Dogecoin but it is attractive because Elon can be a biggest influential person for this coin. He is wise and takes this opportunity. Accumulation 2 or 3 years ago and choose a bull market and altcoin season to shill it to the Moon.

The adoption of SpaceX for DOGE-1 is only official announcement that he is a supporter of Dogecoin.

Many other altcoins can be used as same as Dogecoin but this coin has big network hashrates that many other shit altcoins don't have. It is another characteristic that makes Dogecoin is different among the crowd of altcoins.

[Teraboy]

A big name like elon will always have target why he was choosing doge. Based on some tweets from him if doge coin will be really useful in the future to be the internet currency.
i have been speculating some reasons why elon was choosing doge.

1. doge has not controlled by any party
2. decentralized
3. already a popular coin
4. cheap tx fees.

[masterrex]

As, we know that Btc & ETH are the top two Crypto in the market but I am confused why Elon interested in Dogecoin?

IMHO, I think it is related to Dogecoin origin it was purposely created as a meme coin, and Elon Musk considered it as a joke at first but because of Elon's popularity people picked it as a serious statement and that's no surprise at all because it came from a very successful person and second richest man on the planet so after that, the Dogecoin price was skyrocketed up to this day and Elon Musk has seriously promoted it now by announcing the Doge will go to the moon literally.

[MusaMohamed]

IMHO, I think it is related to Dogecoin origin it was purposely created as a meme coin, and Elon Musk considered it as a joke at first but because of Elon's popularity people picked it as a serious statement and that's no surprise at all because it came from a very successful person and second richest man on the planet so after that, the Dogecoin price was skyrocketed up to this day and Elon Musk has seriously promoted it now by announcing the Doge will go to the moon literally.

Elon chose it because he can be the only or biggest influential person for this meme coin. He has companies and communities behind to support his massive marketing. Twitter and his followers give him a free channel to shill this coin.

I have never seen a single influential person can create hype news and keep it going too long like Elon Musk. I don't like him but reality must be accepted. He is a genius, isn't he? Additionally, he has good speeching skills as what we see in his first SNL show.

[pakhitheboss]

Primary reason would be to gain more popularity and influence the market. Just check the ranking of dogecoin on CMC, through his influence he has changed the marketcap of that coin. I am sure he also holds a considerable amount of the meme coin and is indeed looking for a considerable amount of profit from it.

[asriloni]

As, we know that Btc & ETH are the top two Crypto in the market but I am confused why Elon interested in Dogecoin?

It's caused by he was an agenda for doge coin. Remember that elon was mentioning on his tweet if he needs a crypto that can be used in mars and doge coin is including on his project.
he was also buying lots of doge coins and you must see that there are some addresses that owned more than 50% of total supply.
Elon will not buy something if that will not be really useful for him. The communities have been talking about this since at the end of last year.

this makes sense. but I see until now, Elon Musk might want to use Doge for something, but until now I don't know. but I hope it's something big. however, I still hope for Elon Musk's doge development. hopefully what he's doing will change people's minds that Doge's price hikes aren't a bubble.

It's clear that if elon wanna use doge as a replacement for the bitcoin. he was saying bitcoin is not conservative consider he wants doge to be used as his future technology. It's clearly said that elon will be making doge coin as the first crypto in the space. elon gonna make it to be a real usability but he should not spread FUD to the bitcoin.

[MadeMen]

As, we know that Btc & ETH are the top two Crypto in the market but I am confused why Elon interested in Dogecoin?

It may be difficult to have the exact reasons why Elon musk choose to be more interested in dogecoin even though we know he also has interest in  Bitcoin and maybe other cryptocurrencies. I feel his interest could be basically for entertainment as we all know dogecoin is a meme coin which was established as a joke. Elon musk could be interested in making many realise the irony of life, in the sense that what was meant to be a joke has become the very valuable in the hands of dedicated holders.

[Bilgent]

I think the reason might be that he has bought a lot of Dogecoin and helping the price to pump with his influence. But I guess this can't be the only reason. Then, he would do the same with Bitcoin, Ethereum etc. too. 

[samcrypto]

As, we know that Btc & ETH are the top two Crypto in the market but I am confused why Elon interested in Dogecoin?

He might be one of the investor of DOGE and this token is low in value before Elon started to hype DOGE, that could be the reason. Probably Elon is trying to hype something that can replace the top altcoins and Bitcoin, but again this is just a hype and anything can happen, its too risky if you're going to depend on every tweet of Elon, DYOR!

[Karartma1]

And now the ghosts are going out of the cupboard!
https://www.dailysabah.com/business/finance/dogecoin-developers-musk-working-together-since-2019-report
So the guy have been interested in Doge since 2019! Two years of accumulation to then manipulate the market, can't you see that?
I think the SEC might knock him down this time, don't tell me how.

[big kid]

I think there's a big possibility he's just getting fun. Or testing his influence on crypto world.

[brooksby]

Dogecoin is the perfect tool for him to show he has big balls. He is playing around with his multi billion dollar fortune pushing this meme coin as almost nobody else could on this planet. What's more interesting is that as you can see nobody can stop him.

[elda34b]

One of the obvious reasons is because it allows him to make money. We can say for sure that be bought a ton of DOGE before he starts tweeting about it, and then slowly taking profits from the pump that he catalyzed. He probably made millions and more from this hype run, but it probably won't work the second time he choose another meme coin. Just like how McAfee did last time.

Don't follow anyone blindly, especially if it's about moon mission and stuff like that. It's very likely that they do it because they want to get your money.

[acener]

Of course it is for the profit I guess Elon has seen that Dogecoin isn't moving for so long and use it to gain profit.
He would buy a huge amount and try to pump it as much as he could then sell to take his profit just like what tesla did to BTC.
So for all of those who bought and hold you should really be careful and watch out for the huge drop when Elon already reach his goal.

[adzino]

Not sure what he is up to. But people are saying that he bought doge coins for himself. He realized that he can control the doge market. Hence, he is now trying to make as much profit as he can. I doubt that. Maybe he is serious? Who knows... His recent tweet was about him working with doge developers to improve the overall system. Now if this is true, it means he really is into doge and wants to turn this meme coin into something very useful. Or he is just  manipulating the market and trying to get all the profit which I once again seriously doubt. Lets just wait and see what happens next.

[sana54210]

Not sure what he is up to. But people are saying that he bought doge coins for himself. He realized that he can control the doge market. Hence, he is now trying to make as much profit as he can. I doubt that. Maybe he is serious? Who knows... His recent tweet was about him working with doge developers to improve the overall system. Now if this is true, it means he really is into doge and wants to turn this meme coin into something very useful. Or he is just  manipulating the market and trying to get all the profit which I once again seriously doubt. Lets just wait and see what happens next.

I do not believe that to be true. I mean he definitely did buy some doge that is for sure, because he likes it, but the reason why he hypes it is not because he bought some, it is because he gets attention and that is will always be there. He always used twitter that way, tweets like "today is 69 days after 4/20 lol" has always been his thing, he loves to act insane on twitter and get attention for some reason.

I do not know why he would do that, I do not know why he needs that, some psychologist could study his behaviors and can pinpoint what seems to be the reason but my money is on his father never giving him any attention at all which is why he is seeking love from other people all around the world and doge opened a door for that. I do not have any other reason honestly, but I think it is purely about all the attention he is getting.

[cryptoknightt]

He's one of the biggest doge investors, he claims he loves dogs, he used his big name to make doge big until now. But his last tweet about the rocket being named Doge didn't really affect Doge's price too much. I think many people have been disappointed by this.

[Mauser]

He's one of the biggest doge investors, he claims he loves dogs, he used his big name to make doge big until now. But his last tweet about the rocket being named Doge didn't really affect Doge's price too much. I think many people have been disappointed by this.

I agree, Elon Musk is investing himself heavily into these coins like BTC or Doge coin. He is not giving out investment advice for the average Joe but rather looks how he can influence the market. After his recent tweets I think we should all be more cautious and don't believe in every word he says. We need to start thinking again on our own and don't trust others. In my opinion Doge coin is still a good investment, but if Elon Musk decides to sell all his coins here too then we are screwed.

[rahmat86]

As, we know that Btc & ETH are the top two Crypto in the market but I am confused why Elon interested in Dogecoin?

I think Elon Musk was attracted to Dogecoin because the price was still so cheap and people didn't expect Dogecoin to be expensive these days. Dogecoin is a coin meme, with a huge total supply

[Teraboy]

I think there's a big possibility he's just getting fun. Or testing his influence on crypto world.

I don't think so. Elon was not only testing the demand in crypto but he was also trying to take the advantage from crypto. Tesla will never try to cash out with lots of profit when it was not looking for the advantage from crypto. It's not only about how to getting fun with crypto but elon is starting to seeing crypto as the future.
he was putting a lot of his effort to pump doge coin as well. that proves if he was getting started with crypto.

[(o)(o)ilikeboobs(o)(o)]

He may have bought a lot of DOGE and he is using his reputation to get people pumping DOGE. His ultimate goal is profit and many will suffer losses.
Elon Musk did it with Bitcoin even though he never disparaged Bitcoin. Tesla posted a profit of $250 million at $65,000 ATH this year, which is coincidental when they hit the peak.
Obviously, he works for the money, and he tweets about DOGE often not just to please people.

[bitbollo]

As, we know that Btc & ETH are the top two Crypto in the market but I am confused why Elon interested in Dogecoin?

probably because he really has not understand nothing about crypto currencies and this is an easy way for making money without get any warning by SEC
it's very easy get free promo shilling a meme coin !

[hulla]

but I am confused why Elon interested in Dogecoin?

This is a personal question which only Elon Musk is the only person that can provide an honest answer it but it started when Dogecoin is having problem. Elon said he's working with dogecoin developers to improve the project efficiency of transactions and he later claim to be coin new CEO. I guess he invested some fortune when the developer improve the coin

[Luqman]

Elon Musk is an individual investor and he certainly bought a lot of Dogecoins.

He refused to call as an investor. He strongly stated that he is an engineer.
Check what he tweeted here: https://twitter.com/elonmusk/status/1362600676174557186.

I think he is a smart guy, he won't risk himself by buying a big number of Doge and then he spreads positive issues about it. I guess he just made a joke in Dogecoin or to know how much the impacts of his tweets power to the crypto market and community. The main target of his tweets should be Bitcoin, we could see he directly moved to Bitcoin after shilling Dogecoin.

[Maslate]

but I am confused why Elon interested in Dogecoin?

This is a personal question which only Elon Musk is the only person that can provide an honest answer it but it started when Dogecoin is having problem. Elon said he's working with dogecoin developers to improve the project efficiency of transactions and he later claim to be coin new CEO. I guess he invested some fortune when the developer improve the coin

We can't point out why but for a common understanding it possible because he easily manipulates Dogecoin compared to others or he might be a part of this project a long time ago. But the question is if the people have an interest in Doge? Those who follow and trust Elon might say that they are also investing in Doge but I could say to them that they need to be cautious and need to understand what project they are with. And I would also say that don't put all their money on Doge, coz I'm afraid if Elon is just playing and fooled them.

[CaVO32]

but I am confused why Elon interested in Dogecoin?

This is a personal question which only Elon Musk is the only person that can provide an honest answer it but it started when Dogecoin is having problem. Elon said he's working with dogecoin developers to improve the project efficiency of transactions and he later claim to be coin new CEO. I guess he invested some fortune when the developer improve the coin

We can't point out why but for a common understanding it possible because he easily manipulates Dogecoin compared to others or he might be a part of this project a long time ago. But the question is if the people have an interest in Doge? Those who follow and trust Elon might say that they are also investing in Doge but I could say to them that they need to be cautious and need to understand what project they are with. And I would also say that don't put all their money on Doge, coz I'm afraid if Elon is just playing and fooled them.

I have the feeling that maybe at first, he was only playing with his tweets towards doge. But later on, he seriously invested on it especially when bitcoin market reached new ATHs. Because previously, he didn't even own bitcoin, just the one that his friend that was sent to him. But when he saw that crypto market is gaining interest especially last year, he started to become serious in looking at crypto market. And now, it seems he is seriously working with doge team. Doge is an old alt, so maybe he wants to prove also that even if this is just a meme coin, it can be develop into something great if he will get onboard on this project.

[bayu7adi]

All of the answers are unbelievable, not even Elon Musk's. The answer to why Elon chose doge is based on the assumptions of each individual. We can give opinions, but the common sense of others still has priority in each individual.
Hoping that the real truth will soon be revealed is a scenario that violates Elon's drama.
Whether BTC or DOGE, Elon chooses coins that are easy to profit and also according to their capacity.

[iTradeChips]

As, we know that Btc & ETH are the top two Crypto in the market but I am confused why Elon interested in Dogecoin?

It's caused by he was an agenda for doge coin. Remember that elon was mentioning on his tweet if he needs a crypto that can be used in mars and doge coin is including on his project.
he was also buying lots of doge coins and you must see that there are some addresses that owned more than 50% of total supply.
Elon will not buy something if that will not be really useful for him. The communities have been talking about this since at the end of last year.

Well Elon called for developers to try and upgrade Dogecoin. I think he is serious in making the memecoin a top tier coin and possibly adopting the coin and make it his own. I think he has profited much from the sale of DOGE, not sure how much but we know very well he profited. DOGE is a bit expensive now for being a meme token, and anyone who invests now might need to wait from time to tine, to see if the coin has increased price.

[finaleshot2016]

He became interested in Dogecoin because it was only a meme coin at the time, and no one cared about it. He pays attention to it since it's one of those cryptocurrencies that can expand really quickly simply by shilling, as it's only a memecoin at first.

That's how smart people think; he won't pay attention to any other cryptocurrencies because they can jeopardize his existing position, and right now, everyone is joining the frenzy because of Elon Musk and the fact that it's a memecoin.

[NewRanger]

Primary reason would be to gain more popularity and influence the market. Just check the ranking of dogecoin on CMC, through his influence he has changed the marketcap of that coin. I am sure he also holds a considerable amount of the meme coin and is indeed looking for a considerable amount of profit from it.

its more rational reason why elon musk shilling doge coin. he want to test cryptocurrency market , is it really decentralized from any figure or not. Doge coin that called as shitcoin and have very huge supply are tested for his experiment. when see the result of doge coin price after shilled now elon musk confidence to shake bitcoin with his statement, it will not stop and in future we must carefull with his tweet about cryptocurrency.

[AwoCorporation]

From what I see, Elon is trying to experiment with small coins where the coin is considered a shitcoin, and whether Elon is able to manipulate the market according to what he wants, and it turns out that he was able to shake up the crypto market with the pump that happened to DOGE, then he is now starting to experiment with Bitcoin, if many people are still consumed by what Elon has said, the crypto market will definitely be volatile again.

[BobK71]

As, we know that Btc & ETH are the top two Crypto in the market but I am confused why Elon interested in Dogecoin?

He is meems lover. That's why he like Doge coin. He also tweeted several new memes coin along with Dogecoin like SHIB Coin and Baby Doge Coin.

[sarmrakib]

Of course doge coin is one of the old coins and has high potential so that the response from investors is faster compared to other coins, if bitcoin and ethreum have become a mainstay of all of us so that without Elon Musk the coin can also increase if the market demand increases, perhaps this is why Elon Musk chose doge coin.

I think its not make sense the real thing that's why Elon is investing here .Is he really bought DogeCoin .I didn't see any huge transaction he made .I think je is just spreading the hype and FUD which make the Doge price being high volatile .He is one of the richest person in the world he can invest anywhere but we need to judge the real thing before invest our valuable capital.

[Little Mouse]

Many have said because he has invested in dogecoin and that's true as he admitted in a twitter but he was shilling for Doge before he invested in Doge even. I think he was making fun as Doge was created out of fun, a meme token. Nothing else was the purpose.

[imstillthebest]

As, we know that Btc & ETH are the top two Crypto in the market but I am confused why Elon interested in Dogecoin?

He is meems lover. That's why he like Doge coin. He also tweeted several new memes coin along with Dogecoin like SHIB Coin and Baby Doge Coin.

for real ? or maybe he pick doge because doge is a cheap yet popular coin and easy to manipulate ?
 and he only uses the alibi that he loves meme coins but before doge he first pick btc and btc was not a meme coin but this could be for his tesla business .
elon is a rich guy and even if he dont pick doge and pick eth and btc instead ,
he can still manipulate this market .

[Gozie51]

quote author=wack slacker link=topic=5336483.msg56984159#msg56984159 date=1620704631]
Elon Musk is an individual investor and he certainly bought a lot of Dogecoins. That's the reason he tweeted about it. His work easily gives DOGE a value boost and is more profitable than he tweeted about Bitcoin or ETH.
[/quote]

It is obvious that where your money is , that is where your treasure is. Yes he bought a lot of doge coin and he has been tweeting positive for the coin. After the SNL has gone, he kept supporting with more tweet by even having a negative tweet about bitcoin that dropped the price. At the inception of the bitcoin drop, many thought that dogecoin will disappear but it has moved with the bitcoin and other altcoins like ethereum.

[mamahdedeh]

memecoin like doge from the start has been at the top of coinmarketcap. at that time the price was still relatively cheap, but had a large community, so I think Ellon chose doge because it would be easier to manipulate it, and finally the cryptocurrency world was shocked by the news of doge, and not a few new investors fell prey to it.

[Dr.Osh]

Many have said because he has invested in dogecoin and that's true as he admitted in a twitter but he was shilling for Doge before he invested in Doge even. I think he was making fun as Doge was created out of fun, a meme token. Nothing else was the purpose.

well, Elon Musk might see something in Dogecoin. To be honest, I see Dogecoin only as a coin used for gambling. I used to have several doge before I sold them. perhaps, Elon Musk has his own goals regarding Doge. well, even I've seen his tweet about whether he will accept doge at tesla or not. well, I hope to soon see Elon Musk's goal of cultivating Doge.

[Expecto]

He has invested into Dogecoin a lot. And he mentioned many times in his tweets. But I don't exactly know the main reason he is interested in it. Because Dogecoin was nothing more than a meme coin before. Now, things have completely changed.

[Fredomago]

Many have said because he has invested in dogecoin and that's true as he admitted in a twitter but he was shilling for Doge before he invested in Doge even. I think he was making fun as Doge was created out of fun, a meme token. Nothing else was the purpose.

well, Elon Musk might see something in Dogecoin. To be honest, I see Dogecoin only as a coin used for gambling. I used to have several doge before I sold them. perhaps, Elon Musk has his own goals regarding Doge. well, even I've seen his tweet about whether he will accept doge at tesla or not. well, I hope to soon see Elon Musk's goal of cultivating Doge.

He had his own reason why he choose this coin instead of those other available project, Or maybe he just created he's statement inside this industry by showing how huge he can move an asset.

Whatever reason there is, the fact still remain lucky for those who store Doge even it was created as Meme but in some reason they believe that in some point whales will pump it more harder than how it was done the earlier years that it's been created.

Happy to say that they made it in the person of Elon Musk, he start tweeting and now those early holders really enjoyed the harvest.

[isaac_clarke22]

~

It's nothing to be honest. There's no reason to shill it other than to meme it out of the public. Meme is already a big part of the internet and the guy just gets the attention through memeing out of the meme coins. He is an entrepreneur anyway. When he memes something out, it wouldn't be something that are like dank memes. Expect the meme coins.

[clarkt]

I do not think there is any particular reason or reasons for why Elon decided on dogecoin.  Elon musk is not a poor person neither is he a noob.  Elon might be out for dogecoin price just to test his popularity,  his shilling abilities,  or to explore cryptocurrency or pass time.  Whatever the reason,  Elon support for cryptocurrency was a good exposure

[Nrcewker]

As, we know that Btc & ETH are the top two Crypto in the market but I am confused why Elon interested in Dogecoin?

Elon just used his fanbase and huge following to give profits to himself.
In that time he choose the coin which was valued less than copper.
He couldn’t do the same with ETH and BTC as the prices were too high.
So he targeted Doge due to it’s low price and started marketing it.
He bought Doge at low price and when suddenly the price boom up, he sold those.
That’s a businessman mind though.

[laohe628]

The reason is simple, it's profitable, and it's easier to manipulate and more profitable than Bitcoin or Ethereum.In addition to this，i can't think of any other reason.
But i also have a question why Elon Musk chose Dogecoin,not other cryptos. Is it because the community of Dogecoin has a large number of people? I think only Elon Musk could answered this question.

[m.rifki]

Profits and ease of manipulating doge are the main factors and it's very clear, with him creating hype and with prices below ETH or BTC it will be very easy to attract the attention of his followers.

[accounting 181293]

there is no particular reason why he is interested in doge. one thing i can guess is because dogecoin is cheap. and easy to manipulate. that's why he was interested in this coin. plus doge is a meme coin, so if he's accused of manipulating him just say it's a joke. and no one will mind it.

[kidbounty]

As, we know that Btc & ETH are the top two Crypto in the market but I am confused why Elon interested in Dogecoin?

he is not interested in this coin. he only saw an opportunity to earn money from this coin. just look at each tweet is always changing. and it becomes a solid fact that he is trying to manipulate her. and now he's starting to look at other meme coins like babydoge or shiba inu. and this will continue, so don't think he is interested in any of the crypto coins.

[iTradeChips]

I am pretty sure he had thought of adopting or support DOGE for a long time. Maybe he also consulted with some finance persons and crypto experts as to what might be a good strategy for him to enter the crypto market. I don't believe that this is a decision of one man but rather decisions made by many experts, relayed to Elon and then agreed  to execute these recommendations. It is not a one man show, this might be a calculated risk planned and executed by many. That is what I think might have happened.

[terciduk123]

there is no particular reason why he is interested in doge. one thing i can guess is because dogecoin is cheap. and easy to manipulate. that's why he was interested in this coin. plus doge is a meme coin, so if he's accused of manipulating him just say it's a joke. and no one will mind it.

That could be Elon's real reason, besides that it is certain that Elon has bought quite a lot. And the common reason for elon is because DOGE transaction fees are very cheap and the transaction speed is very fast. Much faster and much cheaper than Bitcoin

[nomenclatur]

As, we know that Btc & ETH are the top two Crypto in the market but I am confused why Elon interested in Dogecoin?

Elon Musk is interested in dogecoin because of the uniqueness of dogecoin which has long been a meme coin that makes it unique and is now a big attraction. Elon Musk wants to make Dogecoin more popular and many are interested in making the name Dogecoin more mainstream in order to increase the popularity of dogecoin to be able to become famous more and more investors to invest in Dogecoin maybe it will continue to hold its price because Elon Musk may be able to take out ethereum and bitcoin dominance one day.

[Fivestar4everMVP]

As, we know that Btc & ETH are the top two Crypto in the market but I am confused why Elon interested in Dogecoin?

What I think is that Elon musk probably bought a lot of dogecoin secretly when the price was still at its barest minimum, he must be holding tens of billions of it before he started all the dogecoin tweet thing, being an influential person, he already knew that he's tweets could move the market either negatively or other way round, dogecoin was one of the cheapest coins before Elon stepped in, so he did what he did for he's pocket, and I can assure you that elon made billions or dollars from dogecoin, but this, he won't come out and say in the open.

[Slash61]

As, we know that Btc & ETH are the top two Crypto in the market but I am confused why Elon interested in Dogecoin?

he is not interested in this coin. he only saw an opportunity to earn money from this coin. just look at each tweet is always changing. and it becomes a solid fact that he is trying to manipulate her. and now he's starting to look at other meme coins like babydoge or shiba inu. and this will continue, so don't think he is interested in any of the crypto coins.

That's because Elon sees the potential of Dogecoin which has a fairly strong community and market.
Elon just needs to create hype with his loyal following. it makes a lot of new people think dogecoin has great potential for adoption.
we've already seen how Elon is the one toying with his followers to make a market manipulation happen. That's because there are still people who believe what he says on social media.

[Sirait]

As, we know that Btc & ETH are the top two Crypto in the market but I am confused why Elon interested in Dogecoin?

of course he has dogecoin that he holds. there's no way he's wasting his time by tweeting about dogecoin for no reason. btc and ethereum are much more useful cryptocurrencies than dogecoin.

[cunguks]

of course he has dogecoin that he holds. there's no way he's wasting his time by tweeting about dogecoin for no reason. btc and ethereum are much more useful cryptocurrencies than dogecoin.

how did you find out he has dogecoin? were you told the address where he keeps his dogecoin? or do you just believe from what he says on his social media.
it could also be that he has already released the dogecoin he had when they were all on ATH. and now he's just bragging nonsense on social media just for fun.

[alroys]

A business person certainly has foresight towards the coin he chooses to make big profits, I'm sure Elon has thought about that. 
Doge can be pumped up fast and high, so when Elon Musk invests heavily in the coin Elon Musk can get huge profits.

[jajorforce]

As, we know that Btc & ETH are the top two Crypto in the market but I am confused why Elon interested in Dogecoin?

very simple matter, Elon Musk also needs profit but top altcoins prices are very high. I think Elon Musk bought Bitcoin then announced that he invested 1.3 billion. He didn't mention the Dogecoin investment. The same policy applied on SHIBA INU. But now we don't believe in any promotion as tweets about SHIBA INU.

[geegaw]

As, we know that Btc & ETH are the top two Crypto in the market but I am confused why Elon interested in Dogecoin?

Elon Musk is interested in dogecoin because of the uniqueness of dogecoin which has long been a meme coin that makes it unique and is now a big attraction. Elon Musk wants to make Dogecoin more popular and many are interested in making the name Dogecoin more mainstream in order to increase the popularity of dogecoin to be able to become famous more and more investors to invest in Dogecoin maybe it will continue to hold its price because Elon Musk may be able to take out ethereum and bitcoin dominance one day.

Interesting, the story is probably modified quite a bit for entertainment purposes but tear up those entertainments and look at the facts, Elon Musk cheering for Dogecoin can be a lucky investment, he could have chosen bitcoin and ethereum but the value of these two contracts is too high while the doge's acquisition level is very low from his coincidence point of view. It has no uniqueness or interesting features in dogecoin, he also only knows how to advertise and unilaterally terminate contracts to keep all advantages for him.

[kapalmabur]

A business person certainly has foresight towards the coin he chooses to make big profits, I'm sure Elon has thought about that. 
Doge can be pumped up fast and high, so when Elon Musk invests heavily in the coin Elon Musk can get huge profits.

Maybe what you say is true but what is clear is Elon Musk certainly has his own plans for Dogecoin,
and until now we can see when Elon Musk posted about the coin in a few minutes the coin was immediately trending and pump

[inanilujimi]

A business person certainly has foresight towards the coin he chooses to make big profits, I'm sure Elon has thought about that. 
Doge can be pumped up fast and high, so when Elon Musk invests heavily in the coin Elon Musk can get huge profits.

Maybe what you say is true but what is clear is Elon Musk certainly has his own plans for Dogecoin,
and until now we can see when Elon Musk posted about the coin in a few minutes the coin was immediately trending and pump

but unfortunately the altcoins that are tweeted do not last long, maybe one day it is pumped but the next day it has no value.
people today invest not based on research anymore but based on the words of Elon Musk. They don't know that it will only increase Elon Musk wealth.

[velosepur]

Elon Musk is interested in fast and profit. Doge, btc or something else , not important. He saw he can manipulate and earn big , fast too so why not. Simple I think. He used moments when his twits were so influental and he will try again probably. With dogecoin or other.

[Lanatsa]

Elon Musk is interested in fast and profit. Doge, btc or something else , not important. He saw he can manipulate and earn big , fast too so why not. Simple I think. He used moments when his twits were so influental and he will try again probably. With dogecoin or other.

As a Billionaire or had been the most rich man in the world then everything would really be on business or something that he can really profit on and this is just a typical thing to be seen on these kind of
people who are sitting on top ranks.

Business is the main priority and this fella do include crypto on his list and since he's financially capable then manipulating markets would really be easy.

Thing here as an investor is that  you should be wise on when and when not to make out such steps depending on the market sentiment.

[BitTraderCute]

no one knows why elon musk shilling doge coin not another coins, personally i am analize actually elon musk want to show and test his power could  and influence could shake the market or not. By doge case in which many traders rekted, could be importat lesson we should not trapped in FOMO or hype. In pump and dump coins we have to come earlier than other or will rekted.

[smyslov]

Dogecoin is really an interesting coin that makes Elon Musk has the attention to shilling it over and over because they funded it a huge capital. Over the past years on cryptospace Dogecoin has many exchanges were they can buy and sell making this coin stronger and better with a huge community.

I agree Dogecoin is a perfect coin to invest in and shill, Elon a very successful entry into the Cryptocurrency by picking Dogecoin, I'm very surprised all these years I never thought that Dogecoin will be pump this high, there were a lot of threads from holders asking if it's worth holding Dogecoin, if they are still holding it at the time of this big pump then they already made a huge profit.

[blockman]

no one knows why elon musk shilling doge coin not another coins, personally i am analize actually elon musk want to show and test his power could  and influence could shake the market or not. By doge case in which many traders rekted, could be importat lesson we should not trapped in FOMO or hype. In pump and dump coins we have to come earlier than other or will rekted.

It could be his influence and reach that he wants to test but there's no question and doubt anymore how influential he is. Only from his Twitter account, there are millions of followers that he can manipulate by just doing a simple tweet and praise about dogecoin or hate tweets to bitcoin and any cryptocurrency that he wants. Elon also probably bought not just millions but probably billions of dogecoin that he has dumped already during its all time high and he enjoys trolling the market as the usual.

[Darktongue]

no one knows why elon musk shilling doge coin not another coins, personally i am analize actually elon musk want to show and test his power could  and influence could shake the market or not. By doge case in which many traders rekted, could be importat lesson we should not trapped in FOMO or hype. In pump and dump coins we have to come earlier than other or will rekted.

He already mentioned three names and made tweets, but you are thinking that he is shilling one Dogecoin. I think his Dogecoin investment was so big, that's because he didn't earn enough from Bitcoin. Didn't you notice that he made tweets on SHIB? I'm sure that you won't find the answer why he shills other altcoins until you realize his tricks.

[velosepur]

Elon Musk is interested in fast and profit. Doge, btc or something else , not important. He saw he can manipulate and earn big , fast too so why not. Simple I think. He used moments when his twits were so influental and he will try again probably. With dogecoin or other.

As a Billionaire or had been the most rich man in the world then everything would really be on business or something that he can really profit on and this is just a typical thing to be seen on these kind of
people who are sitting on top ranks.

Business is the main priority and this fella do include crypto on his list and since he's financially capable then manipulating markets would really be easy.

Thing here as an investor is that  you should be wise on when and when not to make out such steps depending on the market sentiment.

Yes he feel power in hands and enjoy to manipulate and watch whole market reaction after his moves and tweets. Rich snob who feeds his ego with this actions. Money is first reason then this one regarding ego and feeling powerful I think. I really hope this will stop, dont like his impact on crypto market.

[poodle63]

no one knows why elon musk shilling doge coin not another coins, personally i am analize actually elon musk want to show and test his power could  and influence could shake the market or not. By doge case in which many traders rekted, could be importat lesson we should not trapped in FOMO or hype. In pump and dump coins we have to come earlier than other or will rekted.

If its just influence, he has known or atleast measured how much influence he has and I dont think he gonna go this far even making his own reputation tarnished among crypto investors. Its just maybe he just really like to troll people and thats it nothing else. Even theres no proof that elon is holding significant amount of doge as he also stated himself that he doesnt like centralization which means hes not holding much.

[tvplus006]

Yes he feel power in hands and enjoy to manipulate and watch whole market reaction after his moves and tweets. Rich snob who feeds his ego with this actions. Money is first reason then this one regarding ego and feeling powerful I think. I really hope this will stop, dont like his impact on crypto market.

His manipulations with coins will stop when the regulator pays attention to his actions. But the problem is that the cryptocurrency market is practically not regulated, and accordingly there is no responsibility for the violation. But if Elon Musk shills coins, as John McAfee did, he will end up the same way.

[Snappycoco]

Elon loves this token due to the fact that this tokens logo is a shiba inu. That is his favourite dog breed and he was so very attached to it. This probably is the main reason for his investment in Doge and that's why he's shilling it everywhere. However, be very much aware that this coin is a meme coin unless everyone trust that this has a value which elon provides.

[coin-investor]

but unfortunately the altcoins that are tweeted do not last long, maybe one day it is pumped but the next day it has no value.
people today invest not based on research anymore but based on the words of Elon Musk. They don't know that it will only increase Elon Musk wealth.

That is a risky attitude and it's not recommended to invest based on a tweet of an influencer, we have seen that happen to McAfee the outcome is not good, if we are going to invest in should be something that will contribute to the enhancement of Cryptocurrency and decentralization, this is the core teaching of Cryptocurrency and projects that are tune to this will suceed.

[sgenuine]

It goes without saying that Elon Mask is very rich, so I don’t really believe that he is interested in earning on speculation. The reason why he mentions this coin is that he just wants to hog public attention, and  he really succeeded in it.

On the other hand it is a really good strategy to pump coins using your authority, so it also brings him money. Nevertheless, people have understood that, so price doesn’t change so sugnificantly because of his tweets.

[Maslate]

It goes without saying that Elon Mask is very rich, so I don’t really believe that he is interested in earning on speculation. The reason why he mentions this coin is that he just wants to hog public attention, and  he really succeeded in it.

On the other hand it is a really good strategy to pump coins using your authority, so it also brings him money. Nevertheless, people have understood that, so price doesn’t change so sugnificantly because of his tweets.

So you think he has not benefited from that pump? I guess the intention was really to make money because if he has a genuine intention which would want to help the market grow, he should have not shill a meme coin that has no fundamentals.

[john1010]

As, we know that Btc & ETH are the top two Crypto in the market but I am confused why Elon interested in Dogecoin?

I think he really like dogs 

This is how this elite people wants to show the world that they have power and influence, because we all know from the very start that doge has no impact to real holders because in the long term doge is not a good investment.

[marilynmanson21]

doge is useful for one group and there are some people who have 40% from doge supply and some have 50% in their wallet, so this can be the main reason for elon to tweet that doge can fly to the moon with him, it is undeniable when elon sings about doge , the price of doge is almost reached  1$, it gives profit for doge holder

[dhemasm]

It goes without saying that Elon Mask is very rich, so I don’t really believe that he is interested in earning on speculation. The reason why he mentions this coin is that he just wants to hog public attention, and  he really succeeded in it.

On the other hand it is a really good strategy to pump coins using your authority, so it also brings him money. Nevertheless, people have understood that, so price doesn’t change so sugnificantly because of his tweets.

I suppose i can't agree with your opinion, Even Elon was really friendly on the social media there is still chance he shilling Doge with purpose and the most logical one was it's seeking some profit, He have an power on the social media and the market too so he can manipulate the market and get some instant profit, x10 From his current asset sounds good right? So i don't think he doing that without any hidden purpose,

[distr@yopmail.com]

doge is useful for one group and there are some people who have 40% from doge supply and some have 50% in their wallet, so this can be the main reason for elon to tweet that doge can fly to the moon with him, it is undeniable when elon sings about doge , the price of doge is almost reached  1$, it gives profit for doge holder

Isn't it very possible for those largest holders of Dogecoin assets to dispose of quickly?
if that happens, it will probably be very bad for dogecoin. at this time maybe they are still not actively viewing their assets. who would have thought dogecoin grow that high with Elon?
but it looks like Elon's momentum has run out. many say he will be the next McAfee. must be at the beginning then become a carcass.

[Tigerheart3026]

Elon musk not a crypto enthusiast btw he is very successful person, there must be some reason behind to suddenly he promoting doge coin in social media.
surely he has invested money in doge coin in low price and we seen his influence power when doge hit new ath. why he suddenly be so interested in doge despite being there are many other reliable coin in crypto.

[velosepur]

It goes without saying that Elon Mask is very rich, so I don’t really believe that he is interested in earning on speculation. The reason why he mentions this coin is that he just wants to hog public attention, and  he really succeeded in it.

On the other hand it is a really good strategy to pump coins using your authority, so it also brings him money. Nevertheless, people have understood that, so price doesn’t change so sugnificantly because of his tweets.

So you think he has not benefited from that pump? I guess the intention was really to make money because if he has a genuine intention which would want to help the market grow, he should have not shill a meme coin that has no fundamentals.

Money and profit are main reasons for everything as usual but as people mention one of main reasons is ego. He feels important and better than others in crypto when prove self he can make big impact with tweet and few words.

[susuberuang]

Simple. Because he doesn't do his research properly. Being a billionaire doesn't automatically attach one with knowledge. I even think knowledge run away from them.

Not doing research on everything is a mistake, because with that the scammers will easily trap him into the trap that they have prepared for people who are careless and lazy to do a little research.

[Renampun]

As, we know that Btc & ETH are the top two Crypto in the market but I am confused why Elon interested in Dogecoin?

The reason Elon Musk likes Dogecoin is definitely only him who knows that...

I don't want to speculate he owns a lot of dogecoins and blah blah blah, what I'm sure is Elon isn't completely serious in crypto, he's just doing jokes. you want your money to be safe then don't believe the meme coin that he tweets.

[gundala]

Elon musk not a crypto enthusiast btw he is very successful person, there must be some reason behind to suddenly he promoting doge coin in social media.
surely he has invested money in doge coin in low price and we seen his influence power when doge hit new ath. why he suddenly be so interested in doge despite being there are many other reliable coin in crypto.

maybe that's how the rich and successful have fun. We can propose various theories as the reasons, but who knows if EM just randomly chooses Doge for fun? trying to gauge how much influence he has on the market? even we know that there are many other coins that are more potential and functional. So I thought at first it was a fad, but it turned out to have a huge impact so it continued.

[barabeku]

I think that he chose exactly this coin for trading as it is easy for him to manipulate its price. If he had chosen bitcoin or eth it wouldn’t be so easy for him to pump it. And he can pump this coin just thanks to his authority, so it is a really good tool for him for speculation. 

[kak uli]

first he wanted to buy for his son. secondly he likes Dogs, because dogecoin is an Altcoin that has a dog logo. and maybe another reason because Elon Musk wants the price of Dogecoin to continue to soar in the market, and wants to take advantage of Dogecoin

[$anounimus$]

Money and profit are main reasons for everything as usual but as people mention one of main reasons is ego. He feels important and better than others in crypto when prove self he can make big impact with tweet and few words.

Yes, and another one is power through the assets he already owns so he can say anything through his Tweets to influence everyone who has followed him through his personal Twitter, so don't trust other people's words even if it's from the richest person in the world.

[Hughes_Ryan]

As, we know that Btc & ETH are the top two Crypto in the market but I am confused why Elon interested in Dogecoin?

In my opinion, Elon is interested in Doge because he knows that Doge is a meme with an extremely strong community. He wants to become more famous in the crypto world by building a community behind him.
Yes, He's smart enough to realize, bitcoin can't make a win and he's gone the other way is Doge.

[dezoel]

I am sure it wasn't really specific to dogecoin, it was just basically just him getting love for tweeting a "lol doge hehe" type of thing and he got so much attention and he basically loved being loved for it and kept going. Of course there was a start of all of this but he did this years ago as well, if you check his twitter you will see that his first ever doge tweet was 2019 if I am not wrong, that means he was already invested long time ago.

The only difference is that this year we had WSB buying up doge as well, and Elon tweeting about it constantly non-stop got together a bit. So long story short, it is not just Elon being interested in doge, it is a bit doge being interested in Elon, when a whole community shows so much love towards one guy then that guy gets a bit more interested in that thing as well, it is just a common sense if you put someone in power.

[bonghip]

As, we know that Btc & ETH are the top two Crypto in the market but I am confused why Elon interested in Dogecoin?

I think it's because he bought a large amount of $Doge , and maybe $Doge is also very easy to Fomo. As you can see, just by him tweeting about Doge, Doge go to the moon, even Mars. ETH and BTC are not great options for Fomo

[junmisakiro]

I think Elon is very interested in Dogecoin because of its name, while Dogecoin itself has been abandoned by the developer so I don't think it's natural for Elon Musk to like Dogecoin for no apparent reason.

[nurilham]

I am confused why Elon interested in Dogecoin?

Do you think Elon Musk is really interested in Dogecoin? I guess he is never interested in buying Dogecoin. He just wants to troll people by making hype in Dogecoin. He is probably trying to test his power on Dogecoin, then use it to take an influence in Bitcoin. And what do we see? This really happened a few months ago. He announced his company was accepting BTC, then he refused it and even told bad things about BTC. Well, let's forget this man, he is not a good man for Bitcoin.

[Tina H]

I am also very confused about this problem. Before Musk mentioned Dogecoin, I saw that the trend of Dogecoin did not fluctuate much. Musk made the price of Dogecoin soar. This is the first time I have seen a person can influence the market for so long, but I don't like him. I think what Musk did is for personal gain, but he is really smart.

[wajik-tempe]

As, we know that Btc & ETH are the top two Crypto in the market but I am confused why Elon interested in Dogecoin?

I think he was just being bored and opened a random cryptocurrency list and the logo of the dogecoin as we know as a meme logo. And he started promote it and the price pumped hard. Other than that, the price was still cheap and he can make a lot of profits from it.

[Roy Asher]

Because Musk promoted the price of Dogecoin and attracted more investors and followers, we all believe that Bitcoin and Ethereum are the least risky and relatively stable. If Musk chooses BTC or ETH, how much money he needs to invest, but Dogecoin is cheaper and easier to operate. After all, Musk is a businessman, and his interests should come first.

[irsada]

Because Elon Musk has bought a large amount of Doge Coin when the price was around $0.003 and he used Doge which is an altcoin that has been in the market for a long time but has a low market cap. by taking advantage of his fame he can pump up doge up to $ 0.6 , maybe he has sold everything at that price and what we see now he doesn't care about doge.

[NathanielParker]

I understand that Musk chose BTC and ETH because it is not easy to control, but I don't understand why he chose Dogecoin among the many altcoins. I think there must be a team behind Musk to help him. Musk has just entered the market, but he can have such a big impact on the market. His strength is very strong.

[LordMiguel]

they made him a member of the board. As you may noticed, humans love dominating anything they can control. Elon found dogecoin intresting just because it is very cheap and he don't want to loose money. he invested into it and he made huge money. i don't think there is anything special about Degocoin that attracts elon just that the project was build on meme values.

[mrongos]

Elon Musk is interested in Dogecoin because I think he sees the price is still cheap and has blockchain technology which is almost the same as Bitcoin so I think he used Dogecoin to buy it in very large quantities and tried to make a profit by using his followers to buy Dogecoin.

[MusaMohamed]

Elon Musk is interested in Dogecoin because I think he sees the price is still cheap and has blockchain technology which is almost the same as Bitcoin so I think he used Dogecoin to buy it in very large quantities and tried to make a profit by using his followers to buy Dogecoin.

He is an ironic guy and want to find a cryptocurrency that matches his characteristics. Dogecoin was created as a joke Aand he is interested in because of this reason.

You are correct that cheap price is another reason to make Dogecoin is attractive to Elon.

Last but not least, Dogecoin has no big influential people and Elon knows that he can become the first and even biggest influential person in Dogecoin community.

[Xampeuu]

Elon Musk is interested in Dogecoin because I think he sees the price is still cheap and has blockchain technology which is almost the same as Bitcoin so I think he used Dogecoin to buy it in very large quantities and tried to make a profit by using his followers to buy Dogecoin.

right, at that time doge had a low price and the transfer fee was cheap too. so that by buying at a low price, you will get most of the doge supply. and coupled with influencing his followers, it will launch the doge's goal of seeking personal gain. and of course many novice investors were disappointed at that time

[Deepak33725]

Because he has holded almost over 20 percent supply of dege with very much cheap price and that's why he pump the coin  and so much interested to carry at maximum price.

[Maslate]

Elon Musk is interested in Dogecoin because I think he sees the price is still cheap and has blockchain technology which is almost the same as Bitcoin so I think he used Dogecoin to buy it in very large quantities and tried to make a profit by using his followers to buy Dogecoin.

right, at that time doge had a low price and the transfer fee was cheap too. so that by buying at a low price, you will get most of the doge supply. and coupled with influencing his followers, it will launch the doge's goal of seeking personal gain. and of course many novice investors were disappointed at that time

They say that the supply of DOGE is infinite, and that is one of the most important factors some investors had missed, they think the price is good now but actually, it's already overvalued. With Elon's manipulation to the market, soon, he will become the enemy of the public and investors will not anymore listen to him, we learn from John McAfee story which was also a big shill during the 2017 bull run, and now, his reputation was already ruined int he crypto space.

[jostorres]

at that time doge had a low price and the transfer fee was cheap too. so that by buying at a low price, you will get most of the doge supply. and coupled with influencing his followers, it will launch the doge's goal of seeking personal gain. and of course many novice investors were disappointed at that time

They say that the supply of DOGE is infinite, and that is one of the most important factors some investors had missed, they think the price is good now but actually, it's already overvalued. With Elon's manipulation to the market, soon, he will become the enemy of the public and investors will not anymore listen to him, we learn from John McAfee story which was also a big shill during the 2017 bull run, and now, his reputation was already ruined int he crypto space.

Unfortunately even something that has unlimited supply could go super high with enough hype, and I still do not think that is the reason why it should not be this high. Look at ETH, it has unlimited supply as well but I really do not care about that part of it, why? Because it is so much wanted and so much used that I believe it could be twice as much ETH as it is right now in a year and we could still keep the price going at these rates, only reason for it is the fact that people have a reason to buy it, because they can spend it somewhere (specially for gas fee).

On contrary to that we have doge that is not used anywhere at all, no reason to be bought, only reason it is higher right now compared to last year is the fact that some wealthy guy joked about it on twitter and now we are basically just facing a huge overvaluation of it.

[shinratensei_]

but I don't understand why he chose Dogecoin among the many altcoins. I think there must be a team behind Musk to help him. Musk has just entered the market, but he can have such a big impact on the market. His strength is very strong.

Doge was so easy to control and it can be manipulated easily at the time when doge coin gets pumped so hard. That being said if doge coin less decentralized compared with bitcoin and ethereum.
Doge coin was very cheap last year compared with this year. that's why he may silently investing in the doge coin as well.

[velosepur]

Money and profit are main reasons for everything as usual but as people mention one of main reasons is ego. He feels important and better than others in crypto when prove self he can make big impact with tweet and few words.

Yes, and another one is power through the assets he already owns so he can say anything through his Tweets to influence everyone who has followed him through his personal Twitter, so don't trust other people's words even if it's from the richest person in the world.

Agree, true. Best way is to  ignore his writings. If people stop to follow his words and react on it this euphoria and his impact on crypto and coins will stop. But we will see what will happen. People are not reasonable often so...

[retreat]

As, we know that Btc & ETH are the top two Crypto in the market but I am confused why Elon interested in Dogecoin?

he wants to pump up the price of dogecoin because surely he has it, there's no way he's just kidding with dogecoin because it's obvious that he's trying to manipulate the price of dogecoin.

Elon is the most reliable dogecoin mockup.

[deh222]

As, we know that Btc & ETH are the top two Crypto in the market but I am confused why Elon interested in Dogecoin?

he wants to pump up the price of dogecoin because surely he has it, there's no way he's just kidding with dogecoin because it's obvious that he's trying to manipulate the price of dogecoin.

Elon is the most reliable dogecoin mockup.

Of course this is price manipulation. Bitcoin is already responding to Elon's mentions! And the price of any altcoin is guaranteed to change significantly. If you have a lot of money and an army of followers, this is the easiest way to earn many millions of dollars))

[Slow death]

As, we know that Btc & ETH are the top two Crypto in the market but I am confused why Elon interested in Dogecoin?

I think he was just being bored and opened a random cryptocurrency list and the logo of the dogecoin as we know as a meme logo. And he started promote it and the price pumped hard. Other than that, the price was still cheap and he can make a lot of profits from it.

 

if those dogecoin fanatics read what you wrote they'll probably be pissed off at you, but you're right, there's no good explanation for a billionaire guy to leave really good altcoins to go invest in a meme altcoin and still say it's memes altcoin is good altcoin, that's insane and inexplicable.

[dhemasm]

I think he was just being bored and opened a random cryptocurrency list and the logo of the dogecoin as we know as a meme logo. And he started promote it and the price pumped hard. Other than that, the price was still cheap and he can make a lot of profits from it.

Yeah, since his image on the social media was really tight to meme i suppose he just bored and want some get more attention from the community and thus he choose to shill doge and beside that looks like have another intention to manipulate the market and get some profit from there, It's normal though.

[Twinkledoe]

As, we know that Btc & ETH are the top two Crypto in the market but I am confused why Elon interested in Dogecoin?

I think he was just being bored and opened a random cryptocurrency list and the logo of the dogecoin as we know as a meme logo. And he started promote it and the price pumped hard. Other than that, the price was still cheap and he can make a lot of profits from it.

 

if those dogecoin fanatics read what you wrote they'll probably be pissed off at you, but you're right, there's no good explanation for a billionaire guy to leave really good altcoins to go invest in a meme altcoin and still say it's memes altcoin is good altcoin, that's insane and inexplicable.

Maybe in the early days of tweeting doge, he was not that serious but later on, when he found out about his influence in doge market, he started to get serious on it. Also, he mentioned in the recent B World conference that he also owns btc and eth. So he has interest also in these 2 top cryptocurrencies. Only that, he is more active in giving tweets about doge. And people are riding the hype.

[TomArayaSlaya]

Elon musk is a meme maniac he can actually pump useless coin but I think his most interest lies with doge and actually he seem so far in voicing some improvement for it several times so who know maybe he want to make doge the almost gaseless smart contract

[aemma]

As, we know that Btc & ETH are the top two Crypto in the market but I am confused why Elon interested in Dogecoin?

I think Elon musk interest and attention has been on Doge coin before now. However, Bitcoin and Ethereum can't be compared to Doge, that is, they are better and more trustworthy. Also, no one can actually shill Bitcoin and Ethereum they way they do for most of this Altcoins, Ethereum is backed by amazing technology so is Bitcoin, and the more people finds it interesting they more they Invest and the price keeps going up.
But in the case of Doge, there is no use case within it, and thus the best possible way to make it pump is through paying attention to it, pump it and cash out. This can be seen to be quite true because a good number of all these Meme coins are just for pump and dump.
So in my little understanding, the reason for more interest in Doge is for pump and dump, since it's quite easier.

[MoneyJ]

Doge coin has the same consensus algorithm as that of Bitcoin but with way too much total coins in circulation. The price is way cheaper but with the same technological architecture as bitcoin. Elon Musk has a way of taking advantage of the technology where people for an unknown reason, just pass it by. He has definitely a plan with the he incorporate it when his Paypal days are still in inception.

[umbara ardian]

This is a big joke in this bull market, to me, it's almost meaningless if Elon doesn't take care of it and get me some extra money that I think it's free.
And maybe now more people will realize this like me, stop thinking about it, just see it as a way for us to see the madness in this market.

[ZAINmalik75]

I know there is two biggest coin in crypto space which has a name Bitcoin and ethereum after that many coin come in this crypto space.
You have to know that elon musk is a big invester he had invest abount 1.5B$ in btc its mean that he has a big interference in cryptospace so I think he also bought alot of DogeCoin .
And in his tweet he mentioned doge to bullish his price and got some passive profit

[btc-facebook]

Just like people in general, there is nothing wrong if Elon Musk invests in Dogecoin, only that the problem is the overreaction of his followers thus creating FOMO, and this is made worse because many stock players enter the cryptocurrency.
However, there is an interesting fact that recently happened, if you watch the video of The B World event, you will know that Elon Musk is not only investing in Dogecoin, but also in Bitcoin and Ethereum.

[fileo]

Because it is his favorite crypto. I guess Doge is his favorite token to trade because he said on his interview that he never sold his Bitcoin. I assume Elon is holding Bitcoin and Ethereum while trade Dogecoin.

[Gayong88]

If I'm not mistaken there is talk of SpaceX carrying out a mission to the moon in Q1 2022 and it is confirmed that SpaceX Receives Dogecoin to Launch Satellites to the Moon https://btcmanager.com/spacex-dogecoin-satellite-moon-q1-2022/ and another one Elon always support with his magic tweet for Dogecoin.

[DonFacundo]

I heard that some of his friends were crypto enthusiast and introduce dogecoin to him then Elon started to get interest in dogecoin. No doubt that he invested a lot of money in dogecoin and starting to tweet to manipulate the price.

[awik p]

I heard that some of his friends were crypto enthusiast and introduce dogecoin to him then Elon started to get interest in dogecoin. No doubt that he invested a lot of money in dogecoin and starting to tweet to manipulate the price.

It's a very natural thing for Elon to do because he also wants to make money through cryptocurrency, about him manipulating the price of Dogecoin, it's just part of a strategy that he can do even though it's not liked by many crypto people.

leaving aside the views of people who will be judged badly, not just Elon, I think I personally would too, because this is a business, and he knows how to earn money the easy and fast way. on the other hand he has the capital and the community, of course he already holds the key to launch his action

[Om.monata]

This is my own opinion and sorry if I'm wrong.
looks like the doge team and elon musk like a collaboration to be able to become controversy. where doge has a high price increase and elon musk has the advantage over tesla.
looks like this has been designed. sorry if my statement is like a fantasy

[Republikcoin.com]

I think Elon Musk would have made less profit if he had talked about another good quality project. Elon Musk's profit margins are much higher because of the Dogecoin relationship. This is why Elon Musk is talking about Dogecoin. There is no other reason.

Elon Musk's economic power and popularity can manipulate the price of Bitcoin. For no other reason than for fun when he played with DOGE. It's also true to its name, that DOGE was created just for fun.
Elon is too easy to control the cryptocurrency market. However, he can't control the smart people in the cryptocurrency world.

[Chathusand]

The reason is simple. it's profitable, and it's more profitable and easier to control than Bitcoin or Ethereum. Furthermore, I can't think of any other reason.
But I'm curious as to why Elon Musk chose Dogecoin over other cryptocurrencies. Is it because there are so many members in the Dogecoin community? Only Elon Musk, I believe, could provide an answer to this topic.

[tabas]

He likes meme? well, Dogecoin is the coin that he saw that he can easily manipulated because there's no more control on it and it got an unlimited supply.
The devs were already out and it's now going to be there until all of us stops buying and using it. Elon just sees the things that we don't with things and that's why he's successful and many hates him if it's related to crypto.

[yohananaomi]

He likes meme? well, Dogecoin is the coin that he saw that he can easily manipulated because there's no more control on it and it got an unlimited supply.
The devs were already out and it's now going to be there until all of us stops buying and using it. Elon just sees the things that we don't with things and that's why he's successful and many hates him if it's related to crypto.

what you say may be true but is it true, that the purpose of what @elonmusk is doing is not just for a specific purpose. if it has been done with success then he will ignore and don't want to see that again. so that many are disappointed with actions that only aim to benefit themselves, even though it may be seen from his background as an entrepreneur that is his goal, to make as much profit as possible and he will not see the next effect which ends up hating him a lot because of this behavior. because many are disappointed with what is being done not only with Dogecoin it will happen later.

[viananda2525]

He likes meme? well, Dogecoin is the coin that he saw that he can easily manipulated because there's no more control on it and it got an unlimited supply.
The devs were already out and it's now going to be there until all of us stops buying and using it. Elon just sees the things that we don't with things and that's why he's successful and many hates him if it's related to crypto.

i think elon like doge coin cause he have possibiliy by manipulating market to earn as much as profit he can. when we trapped in his game and againts the markt direction we will easily loss our money. When decided invest in crypto market , elon know that he can doing alot things with this popularity and dogecoin maybe be the first test for it.

I once read in a reply to a tweet on February 24 when Magnus Carlsen asked Elon Musk why he likes Doge Coin? then he answered it with very simple words, because he likes memes and dogs, this is indeed a reasonable answer, but according to my personal assumption he likes doge coin because he can get big profits in a short time by manipulating prices.

that is the true answer why elon musk continuesly shilling doge coin, profits be main his purpose involved in this market. He saw this market have huge potency to growth more than current condition  , he exactly right when use his power to influence investors in doge.

[Woodie]

As, we know that Btc & ETH are the top two Crypto in the market but I am confused why Elon interested in Dogecoin?

I once read in a reply to a tweet on February 24 when Magnus Carlsen asked Elon Musk why he likes Doge Coin? then he answered it with very simple words, because he likes memes and dogs, this is indeed a reasonable answer, but according to my personal assumption he likes doge coin because he can get big profits in a short time by manipulating prices.

I don't know what to say about the reason behind doge but it sounds genuine, so his not in it for the profits.

As, we know that Btc & ETH are the top two Crypto in the market but I am confused why Elon interested in Dogecoin?

Nobody really knows his crypto portfolio, for all we know is Elon is the money behind dogecoins gains, and why he is really interested in that coin we all don't know..

By the way Elon Musk could have invested in most of the well known coins besides doge,btc, eth and his not telling the world his true jems.

[maartenhaha]

that is the true answer why elon musk continuesly shilling doge coin, profits be main his purpose involved in this market. He saw this market have huge potency to growth more than current condition  , he exactly right when use his power to influence investors in doge.

Elon Musk popularity was initially highly appreciated by many as he is the richest person in the world and also involved in crypto, but all he did was increase the manipulation of doge coins rapidly for his own profit purposes. Now his talk is no longer being responded to by investors and traders.

[indah rezqi]

As, we know that Btc & ETH are the top two Crypto in the market but I am confused why Elon interested in Dogecoin?

Elon Musk interest in Dogecoin is a personal matter for him in my opinion. I think your question is good to find the answer for us to make a strategy in choosing our coin of choice. For me, we can learn from Elon Musk who is more interested in Dogecoin than BTC and ETH.

[cunguks]

As, we know that Btc & ETH are the top two Crypto in the market but I am confused why Elon interested in Dogecoin?

Elon Musk interest in Dogecoin is a personal matter for him in my opinion. I think your question is good to find the answer for us to make a strategy in choosing our coin of choice. For me, we can learn from Elon Musk who is more interested in Dogecoin than BTC and ETH.

From what I see, Elon must have considered a very strong holder, price, and market. dogecoin is not a new asset in the crypto market. they are very long, sticking with their loyal community. Dogecoin grew their market that was once seen as worthless, so now Elon knows how much potential he can make for the huge Dogecoin market.

[David.Jack]

Elon is invested with a lot of Dogecoin that why he is tweeted about Dogecoin to make it more popular and profitable for his individual investment.

[indah rezqi]

As, we know that Btc & ETH are the top two Crypto in the market but I am confused why Elon interested in Dogecoin?

Elon Musk interest in Dogecoin is a personal matter for him in my opinion. I think your question is good to find the answer for us to make a strategy in choosing our coin of choice. For me, we can learn from Elon Musk who is more interested in Dogecoin than BTC and ETH.

From what I see, Elon must have considered a very strong holder, price, and market. dogecoin is not a new asset in the crypto market. they are very long, sticking with their loyal community. Dogecoin grew their market that was once seen as worthless, so now Elon knows how much potential he can make for the huge Dogecoin market.

It's not wrong friends. That Dogecoin is not a new coin in the crypto space. That's why I say that Elon Musk's interest in Dogecoin is a personal matter. I'm sure, with Elon Musk's persistence on the glorified coin, surely one day he will get what he wants or his goal.
Likewise with me who is interested in BTC.

[iged_war]

The reason is simple. it's profitable, and it's more profitable and easier to control than Bitcoin or Ethereum. Furthermore, I can't think of any other reason.
But I'm curious as to why Elon Musk chose Dogecoin over other cryptocurrencies. Is it because there are so many members in the Dogecoin community? Only Elon Musk, I believe, could provide an answer to this topic.

as fun token maybe elon musk thinking it will attract new buyer if shill this coin. and also i see another purpose why elon musk shill doge coin , as ever said in his tweet  elon said mass cryptocurrency was needed so everyone could have it. And if look from doge coin supply maybe be reason of this tweet. since of that we see alot new project with billion supply and unfortunately investors trapped on market cap analisys and ignore another important factors.

[seramania]

As, we know that Btc & ETH are the top two Crypto in the market but I am confused why Elon interested in Dogecoin?

I think my assumption is that Elon Musk has a deal to deal with the Dogecoin team. they have a specific purpose why elon musk chose doge. I don't think it's a coincidence but it's been planned for a long time.

[5thFear]

Well, if you haven't figured it out, Elon is and was never interested in Doge. He used it as a decoy. His main investment went into Bitcoin. Also i believe that he would have invested in doge before tweeting about doge and then cashed out. Made a fool of the rest of the crypto community and would had made good profits.

[mamesso]

Elon musk is a reliable investor in the crypto market, and he was the number one person in the tesla company which made him one of the most influential people. This opportunity was used by Elon Musk to increase the prestige of Dogecoin, he bought as many dogecoin as possible before making some silly tweet about doge on his twitter account, Just look at Elon Musk followers on his social media account, he used his fame for personal gain, although some of his followers can get results from the elon musk effect, but not as much as he got.
my assumption, Elon Musk isn't that interested in Dogecoin, he only uses doge for his personal gain. The proof is that Elon Musk is like a mute and there is no action after the doge drop to a low point.

[haasanjui]

Dogecoin is released in 2013. It is altcoin with many users. Elon musk twitter one word "Doge" and then its price rose 20%. I not now why Elon Musk interested in Dogecoin. Elon musk made many twittes about Dogecoin which take Dogecoin price on moon. Maybe Elon making famous it for his own benifit but it is uncleared that how much Elon invested in Dogecoin. Maybe there is an other reason. Maybe Elon purchased Dogecoin and after giving fame to the coin he sold it and got big profit.

[Macadonian]

As, we know that Btc & ETH are the top two Crypto in the market but I am confused why Elon interested in Dogecoin?

I saw Dogecoin having a huge price hike when Elon tweeted, The real fight is between fiat & crypto. After considering it, I support the latter. Musk has previously compared bitcoin to other coins and has frequently tweeted about cryptocurrencies, causing bitcoin and dogecoin to fluctuate in value. This is what causes Dogecoin to go higher, it's just that we are waiting on which Altcoin Elon will provide support. I don't know for sure the real reason why support Dogecoin.

elon promoting dogecoin is not good even if it is a cryptocurrency it makes Bitcoin look bad because instead of promoting a legitimate currency like Bitcoin he choose to pick a meme coin which has now branded Bitcoin as a joke.

[wheelz1200]

As, we know that Btc & ETH are the top two Crypto in the market but I am confused why Elon interested in Dogecoin?

It's a complete joke to him.  The power he can get from turning people on to a complete joke probably is just a power trip.  Doge offers nothing to the crypto sphere.  It's just a clone joke coin based on memes. There is no way any real company takes it serious and actually utilizes it as a payment source.

[wheelz1200]

As, we know that Btc & ETH are the top two Crypto in the market but I am confused why Elon interested in Dogecoin?

It's caused by he was an agenda for doge coin. Remember that elon was mentioning on his tweet if he needs a crypto that can be used in mars and doge coin is including on his project.
he was also buying lots of doge coins and you must see that there are some addresses that owned more than 50% of total supply.
Elon will not buy something if that will not be really useful for him. The communities have been talking about this since at the end of last year.

Lol how do some addresses own more than 50% of the coin.  I mean doesn't math tell you only one address could ever own more than 50% of anything.  If you mean some addresses combine to own 50% of the coin those are just exchange addresses.  It's a shame but most new people enjoy leaving their crypto on exchanges and use them as a wallet...the pain they will eventually see by that decision will hurt.  Hard lessons will be learned.

[tanjiran]

we never know why Elon Musk was interested in Dogecoin, maybe he was just joking, or maybe Elon did invest huge sums in Dogecoin, and used his fame to raise Dogecoin for his own profit, but for sure, Elon has disappointed many people because he was considered very inconsistent.

if only investing maybe Elon Musk should choose ETH or BTC at once which has great value. besides that elon musk has big money in his account. maybe it's obvious that doge and elon musk have a pact to create hype and have managed to make a splash in crypto this year.

at least a cheap transaction fee makes doge an alternative, I often use doge to move assets.
only EM knows the reason. we can only guess, I don't know, maybe EM is just doing this for fun, or testing its influence in the crypto world, or indeed there is a special collaboration with doge. What is clear is that his tweets had a big impact, many followed him and made a profit, but many also lost because of panic buys and fomo. I'm not interested in following trends like that, I'm not comfortable, it's better to do independent analysis.

[Macadonian]

As, we know that Btc & ETH are the top two Crypto in the market but I am confused why Elon interested in Dogecoin?

It's caused by he was an agenda for doge coin. Remember that elon was mentioning on his tweet if he needs a crypto that can be used in mars and doge coin is including on his project.
he was also buying lots of doge coins and you must see that there are some addresses that owned more than 50% of total supply.
Elon will not buy something if that will not be really useful for him. The communities have been talking about this since at the end of last year.

Lol how do some addresses own more than 50% of the coin.  I mean doesn't math tell you only one address could ever own more than 50% of anything.  If you mean some addresses combine to own 50% of the coin those are just exchange addresses.  It's a shame but most new people enjoy leaving their crypto on exchanges and use them as a wallet...the pain they will eventually see by that decision will hurt.  Hard lessons will be learned.

A lot of altcoins are 50% ownership by one person dogeoin might be as well not one address but one person as that one person could own multiple addresses.

[albon]

Many have made huge profits by investing in Dogecoin and many have lost a lot of money. I don't know the real reason for Elon Musk's tweet about Dogecoin again and again. However, I think Elon Musk has made a hype about Dogecoin and made a lot of money from it.

I think an investor and a big businessman like Elon Musk chose a meme coin like dogcoin in order to support it and influence it with his wide popularity so that he would be part of the crypto world and prove to all businessmen that he is a genius and can invest in this cryptocurrency and achieve success and other huge wealth beside his wealth.

[magnum cyber]

It's possible that Elon has big plans for the coin for the development of his business, with Elon's entry into Crypto certainly having a strong enough impact when he makes a statment so that the possibility of Elon entering Doge will also have a big breakthrough in it, we'll see what will happen happened to Dego in the next few years.

[Bitcoinjheta]

Elon Musk interested to support Dogecoin because they know there are many investors who have invested those two top coins in the market. By his influence and through his wealth he can do whatever he want because he is capable of doing anything especially in this decentralized market.

[Hannahanto]

As, we know that Btc & ETH are the top two Crypto in the market but I am confused why Elon interested in Dogecoin?

Elon musk is a big holder of bitcoin already I don't know if he invested on Ethereum but for the fact that he's putting interest and taking doge to the moon got me confuse.
They is no way he'll do such hype he did without getting commissions from the team or its just his own way of strategising the market, Elon is a top influencer and can spike a fall or rise of price in market

[kawetsriyanto]

~snip~ we'll see what will happen happened to Dego in the next few years.

Dego or Doge? 
Well, I have no idea about the future of Dogecoin although it is already on the top 10 crypto coins. I just doubt if Elon Musk only takes advantage of Dogecoin, he seems not really serious to support Dogecoin for a long time. How if he forgets to make a tweet about Dogecoin in the next few years? In my opinion, I don't see a strong reason for Elon Elon Musk to support Dogecoin. If he tweets about Dogecoin nowadays, he may take advantage of the situation that people take attention to him because his tweets look unusual. He will stop it any time once he realizes it has no effect anymore.

[TimeTeller]

~snip~ we'll see what will happen happened to Dego in the next few years.

Dego or Doge?  
Well, I have no idea about the future of Dogecoin although it is already on the top 10 crypto coins. I just doubt if Elon Musk only takes advantage of Dogecoin, he seems not really serious to support Dogecoin for a long time. How if he forgets to make a tweet about Dogecoin in the next few years? In my opinion, I don't see a strong reason for Elon Elon Musk to support Dogecoin. If he tweets about Dogecoin nowadays, he may take advantage of the situation that people take attention to him because his tweets look unusual. He will stop it any time once he realizes it has no effect anymore.

I believe, Elon's initial tweets towards doge is more like a game to him, nothing serious.
And he saw the interest of the community, and that's why he started to be serious about it.
He saw the impact of his tweets to the doge market, making it hit even at the top 4 at some point.
And now, top 8 in the market is still not bad. But if there will be no development progress, its popularity will wane again.

[mamesso]

elon promoting dogecoin is not good even if it is a cryptocurrency it makes Bitcoin look bad because instead of promoting a legitimate currency like Bitcoin he choose to pick a meme coin which has now branded Bitcoin as a joke.

Elon musk sees it from a different point of view, the question is, why did elon musk choose dogecoin over bitcoin.? Of course Elon Musk can get multiple profit from Dogecoin, because as a big businessman, musk has calculated the benefits that can be obtained from dogecoin. The calculation is like this, if musk buys BTC and DOGECOIN at the same time for $1000, 1 BTC = $1000 and 1 Doge = $0.02, after that Btc and doge both experienced an increase of 10%, so for this reason musk is more interested in boosting the prestige of DOGE than BTC.

[Maxre]

In my opinion, because of dogecoin which is cheap and easy to pump by Elonmusk. Besides, Elon Musk also likes memes. So he chose dogecoin as a joke coin.

The second reason, because Elon Musk has worked with the Dogecoin development team. In May last year, Elon Musk wrote on his Twitter that he was working with the Doge development team to improve the efficiency of the transaction system.

That's my opinion on why Elon Musk chose Dogecoin

[kawetsriyanto]

I believe, Elon's initial tweets towards doge is more like a game to him, nothing serious.
And he saw the interest of the community, and that's why he started to be serious about it.

Yep, I also think the same as you. Previously, he is likely just trying to tweet about Doge without any intent (purpose). But he saw great attention from crypto enthusiasts and crypto market as well. So, he continued it till today. However, this is cannot be a strong fundamental to be the future of Dogecoin. When Elon Musk is no longer interested to tweet about Dogecoin, then no sign for Doge value to increase more. Also, the power of Elon's tweet seems weaker and weaker, it is not a good sign for holding Doge a long time.

[mamesso]

In my opinion, because of dogecoin which is cheap and easy to pump by Elonmusk. Besides, Elon Musk also likes memes. So he chose dogecoin as a joke coin.

The second reason, because Elon Musk has worked with the Dogecoin development team. In May last year, Elon Musk wrote on his Twitter that he was working with the Doge development team to improve the efficiency of the transaction system.

That's my opinion on why Elon Musk chose Dogecoin

Your opinion is very reasonable, at that time dogecoin was still cheap, and easily accessible to everyone, while bitcoin is very difficult to reach because of its high price. After Elon Musk collects as many Dogecoins as he wants, then he made a sensation about doge through his personal Twitter account, and this trick proved to work, it didn't take him long to see dogecoin's improvement. Although Elon Musk says he is working with the Doge development team to improve the efficiency of the transaction system, however he has benefited greatly from his efforts in increasing the popularity of Dogecoin.

[KaliLinux]

As, we know that Btc & ETH are the top two Crypto in the market but I am confused why Elon interested in Dogecoin?

I saw Dogecoin having a huge price hike when Elon tweeted, The real fight is between fiat & crypto. After considering it, I support the latter. Musk has previously compared bitcoin to other coins and has frequently tweeted about cryptocurrencies, causing bitcoin and dogecoin to fluctuate in value. This is what causes Dogecoin to go higher, it's just that we are waiting on which Altcoin Elon will provide support. I don't know for sure the real reason why support Dogecoin.

elon promoting dogecoin is not good even if it is a cryptocurrency it makes Bitcoin look bad because instead of promoting a legitimate currency like Bitcoin he choose to pick a meme coin which has now branded Bitcoin as a joke.

Elon musk promoting Dogecoin cannot make Bitcoin look bad ever  the only thing was Elon must tweeting negatively about Bitcoin, that was what was also contributing to the price dump of Bitcoin at the time but not that he promoted Dogecoin over Bitcoin. Bitcoin is a force on its own tweets from Elon must and people like him can only shift the market a bit but not affect Bitcoin negatively in the long term. 

[distr@yopmail.com]

In my opinion, because of dogecoin which is cheap and easy to pump by Elonmusk. Besides, Elon Musk also likes memes. So he chose dogecoin as a joke coin.

The second reason, because Elon Musk has worked with the Dogecoin development team. In May last year, Elon Musk wrote on his Twitter that he was working with the Doge development team to improve the efficiency of the transaction system.

That's my opinion on why Elon Musk chose Dogecoin

Your opinion is very reasonable, at that time dogecoin was still cheap, and easily accessible to everyone, while bitcoin is very difficult to reach because of its high price. After Elon Musk collects as many Dogecoins as he wants, then he made a sensation about doge through his personal Twitter account, and this trick proved to work, it didn't take him long to see dogecoin's improvement. Although Elon Musk says he is working with the Doge development team to improve the efficiency of the transaction system, however he has benefited greatly from his efforts in increasing the popularity of Dogecoin.

I'm sure it's not collaboration for the development of the Dogecoin project that was intended.
This is related to the advantages and benefits that Elon got first when he made his followers on social media buy Dogecoin. and at that time I'm sure Elon already sold it because he must have bought it when he hadn't done anything to dogecoin.
One of the things that Elon chose was the huge market community of Dogecoin. but why is it cheap? he saw this potential in dogecoin and tried to create hype. he's made it.

[indrakusumaindra]

As, we know that Btc & ETH are the top two Crypto in the market but I am confused why Elon interested in Dogecoin?

ELon love doge cause its completly a meme which he can playing around to make the price spike and down. Seriously what elon contribution to crypto market? he only bark and make all of the followers bark to buy doge coin and make the spark of new dog coin in the market. He got the affection but he use it in the wrong way for his own benefit. I hope people to stop following him as a signal cause  i think he doing a bad thing to crypto market.

[the ghabbar]

As, we know that Btc & ETH are the top two Crypto in the market but I am confused why Elon interested in Dogecoin?

Elon Musk is creating his influence in crypto right now, so there are some steps he is taking, to get into the BTC and ETH system is very unlikely for him, let alone affect BTC and ETH itself, the only opportunity available is in Dogecoin at the moment to create its influence.

Elon Musk has his reasons for doing things, the level of influence in the crypto world is what he's aiming for, it's in line with what he's doing. I've heard this once, If we have become millionaires, but there is no influence whatsoever in the crypto world, it will be considered unsuccessful. Perhaps this is the reason why Elon Musk wants to create his influence.

[Sithara007]

ELon love doge cause its completly a meme which he can playing around to make the price spike and down. Seriously what elon contribution to crypto market? he only bark and make all of the followers bark to buy doge coin and make the spark of new dog coin in the market. He got the affection but he use it in the wrong way for his own benefit. I hope people to stop following him as a signal cause  i think he doing a bad thing to crypto market.

The low market cap (before Elon started shilling it, the valuation stood at $6 billion), unique ownership structure (top 100 users own 70% of all the circulating Doge) and the fact that Doge can be easily manipulated (because it is listed in a limited number of exchanges) might have caught the attention of Elon. His intention is not to contribute anything positive to the cryptocurrency sector. Similar to Mark Zuckerberg, he just want to use cryptocurrency for his own benefit (to get profit, and to generate hype for Tesla).

[kawetsriyanto]

ELon love doge cause its completly a meme which he can playing around to make the price spike and down.

How do you know if Elon loves Doge?
I think he doesn't love Doge. Although he tweeted Dogecoin, doesn't mean he loves or invests in Dogecoin. What he did is just to know people's responses to his tweets. He probably only wants to know how big the impact of the tweets is. Since it looks like to gain big attention from people around the world, then he tried to do almost the sam scheme on another crypto, Bitcoin. You can see that he ever tried to make hype on Bitcoin after successfully make hype on Dogecoin.

Seriously what elon contribution to crypto market? he only bark and make all of the followers bark to buy doge coin

Not sure what Elon Musk's contribution is. But his tweets made more people take a look at crypto investment. Elon's tweets made people be interested to know more about crypto market or crypto investment. Maybe he has no intention to contribute to crypto world, but what he did had a direct impact on the crypto market.

[nicecrypto]

ELon love doge cause its completly a meme which he can playing around to make the price spike and down.

How do you know if Elon loves Doge?
I think he doesn't love Doge. Although he tweeted Dogecoin, doesn't mean he loves or invests in Dogecoin. What he did is just to know people's responses to his tweets. He probably only wants to know how big the impact of the tweets is. Since it looks like to gain big attention from people around the world, then he tried to do almost the sam scheme on another crypto, Bitcoin. You can see that he ever tried to make hype on Bitcoin after successfully make hype on Dogecoin.

Seriously what elon contribution to crypto market? he only bark and make all of the followers bark to buy doge coin

Not sure what Elon Musk's contribution is. But his tweets made more people take a look at crypto investment. Elon's tweets made people be interested to know more about crypto market or crypto investment. Maybe he has no intention to contribute to crypto world, but what he did had a direct impact on the crypto market.

of cause what he did has a direct impact on the crypto market because we saw the dip. It is obvious that Elon Musk has nothing for the cryptocurrency space. What has he really done positively for crypto other than cause FUD and brought the market down? With his status, it is no question that his tweet will have an effect on the market even when he first mentioned that Tesla has invested in Bitcoin to later announcing that Tesla will no longer accept Bitcoin for whatever dumb reason.

 

[LongStand]

Elon Musk has been collaborating with the dogecoin founders to improve the energy efficiency of system transaction. Elon Musk suggesting that he would never sale any of his doge shares.

[rmhuntley]

Elon Musk is not popular again and better left him with any tweet with doge coin price, I think enough he manipulated doge coin price and make you as way for trying price, I think so far Elon Musk always make you the victim buy on higher price then should sell with lower price, left him and check with other coin to buy and better never try with doge coin for investing.

[romero121]

It looks like he's examining the market. As he's highly influential in the global market, his words have the ability to change the direction of the market. We experienced this with his tweets making a big disturbance in the market on the bullish side.

One thing that striked my mind, he decided to choose a old coin with good volume without much real-time usage. He examined and got success, and following is his tweets about bitcoin. Later disturbing the market he made good profit and later made the market crash. So, what he had over dogecoin isn't interest.

[kawetsriyanto]

Elon said he have bitcoin , ethereum and doge when conference with twitter CEO . so we know the fact why elon shilling doge.

Do you trust his statement? I can understand if he is holding Bitcoin and Ethereum but not for holding Doge. Elon Musk isn't someone who wants to take a risk of his money by investing in Dogecoin. He should know very well that Dogecoin has nothing to survive a long time in crypto market. Even its price cannot increase if no Doge tweets are made by Elon Musk. Although he really has Doge, it may be several months ago, before he pumped Dogecoin.

[Ayiranorea]

There is noticeably nothing as Elon is interested on dogecoin and so on. He just makes some predicted and tries to make the market manipulated. He gave a try and it responded well. Recently he once again mentioned baby doge, but the time the market isn't affected much by his tweet. It is all about the panic that gets created relative to his words. Maybe tomorrow he can make a statement on a coin without much of volume.

[Sithara007]

There is noticeably nothing as Elon is interested on dogecoin and so on. He just makes some predicted and tries to make the market manipulated. He gave a try and it responded well. Recently he once again mentioned baby doge, but the time the market isn't affected much by his tweet. It is all about the panic that gets created relative to his words. Maybe tomorrow he can make a statement on a coin without much of volume.

He tweeted about Dogecoin multiple times and as a result the market cap of that particular cryptocurrency increased by a lot. Elon Musk is the second richest person in this planet, and obviously millions of people follow him. When he tweets about a particular asset, it is only natural for it to witness an increase in demand. And if tomorrow Elon comes up with his own coin, then I have no doubt that it will manage to be on the top-10 list in coinmarketcap. He still commands a lot of influence in this sector.

[Rimueng]

it seems that Elon Musk is not only interested in Dogecoin, but he is interested in several digital currencies, including Elon Musk holding bitcoin and ethereum. https://www.cnbcindonesia.com/tech/20210722080532-37-262656/elon-musk-ngaku-pegang-bitcoin-dogecoin-dan-ethereum
his interest in dogecoin is because he likes dogs and in the dogecoin logo there is a picture of a dog. that's why he likes it.

[rodskee]

As, we know that Btc & ETH are the top two Crypto in the market but I am confused why Elon interested in Dogecoin?

Now lets talk about this , does Elon Musk still showing interest in Dogecoin ? it seems that he already forgot the coins in just 3 months time lol.
This Troll will never stay in single coin because all he wanted to do is find where he can manipulate and make the value hyping to claim his profits and then dumped.

funny thing that until now there are other people that believing this person when he does not even care about them.

[Bitcoin Seller]

The main reason why he is interested in dogecoin is that he can use it as a tool of manipulation the market and use it as speculation instrument. He can’t raise Bitcoin or Ethereum by 100 times using just his twitter, nevertheless he can do it with shitcoin, so he uses this strategy to make money. Some people will object that he is too rich to do so, but can money be superfluous?

[RussianEnglishTranslation]

As, we know that Btc & ETH are the top two Crypto in the market but I am confused why Elon interested in Dogecoin?

Elon is trying to get you to buy dog-sht while he buys promising cryptos like IOTA, Ethereum, and NEAR.

[Maslate]

The main reason why he is interested in dogecoin is that he can use it as a tool of manipulation the market and use it as speculation instrument. He can’t raise Bitcoin or Ethereum by 100 times using just his twitter, nevertheless he can do it with shitcoin, so he uses this strategy to make money. Some people will object that he is too rich to do so, but can money be superfluous?

He already made a lot of money shilling DOGE, the money he made, he can use it for his business or invest it in bitcoin, so whatever happen to bitcoin, he will not lose anything as his investment is coming from the profit of shilling DOGE, it's an easy money for him, and that's how smart he is.

[suryogandul]

Elon Musk and Doge seem to have an agreement where they have a purpose. I think Elon Musk and Doge have taken the hype into account, and they are prepared to take all the risks. so I think this is purely a business

[geegaw]

I think Elonmusk doesn't really like it and just makes it a game, I think the most important thing here is about btc and his interest in it, in the long run musk will definitely come back to side with BTC and pay attention to it.

Part of the crowd has been the pieces of wood for Elon Musk to sculpt his dogecoin stories but instead of coating them with paint that preserves these values and creations, these rudimentary works were soaked in water, the crowd became damp pieces of wood, the ability to ignite a fire from Elon Musk a few more times as well as try to continue sculpting, it will no longer be eye-catching products. Dogecoin is just a diary of sad stories and hope, Elon Musk's beginnings with dogecoin are just new sensations, long-term loss of excitement