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Author Topic: Why Elon Interested in Dogecoin?  (Read 1662 times)
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July 16, 2021, 11:53:16 AM
 #61

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.
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July 16, 2021, 12:21:53 PM
 #62

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.

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July 16, 2021, 12:28:20 PM
 #63

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.

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July 16, 2021, 12:37:57 PM
 #64

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
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July 16, 2021, 12:46:22 PM
 #65

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.


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July 16, 2021, 12:55:46 PM
 #66

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.

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July 16, 2021, 01:02:51 PM
 #67

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.

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July 16, 2021, 01:13:19 PM
 #68

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.

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July 16, 2021, 01:20:20 PM
 #69

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.

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July 16, 2021, 03:34:19 PM
 #70

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.
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July 16, 2021, 05:10:20 PM
 #71

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.
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July 16, 2021, 05:50:43 PM
 #72

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.

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July 16, 2021, 06:06:17 PM
 #73

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
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July 16, 2021, 06:18:35 PM
 #74

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.
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July 16, 2021, 09:45:00 PM
 #75

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.
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July 16, 2021, 09:59:16 PM
 #76

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.

R


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BitTraderCute
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July 16, 2021, 11:26:53 PM
 #77

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.
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July 16, 2021, 11:34:44 PM
 #78

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.
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July 16, 2021, 11:43:43 PM
 #79

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.

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July 16, 2021, 11:53:37 PM
 #80

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.
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