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.

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.

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[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.