3.9million users took part in the Elon Musk poll; What will be Tesla's decision?

[Ultegra134]

1. A businessman selling candies tells you that candy wrappers are valuable.

2. He buys up all the candy paper from the market and tells you to buy it too.

3. Candy paper goes up in value but keeps fluctuating when businessman talks.

4. He says now you can buy his candies in exchange of candy wrapper.

5. Candy wrapper pumps. His bags gain value as he has all the candy wrappers he wanted.

How isn't this openly manipulation?

He shilled an asset and then asking his followers if he should accept it for payments. Isn't this monopolistic or something?

Doesn't matter though. DOGE is a PoW currency. If Musk decides to let people buy Tesla cars with it, maybe a few bag holders will be happy spending it. Its a cryptocurrency. If he chooses DOGE, its his wish. Doesn't mean that DOGE will suddenly become better than Bitcoin.

He's openly trolling the whole cryptocurrency world. Firstly, by implying that BTC has the same issues and is as BS as fiat money and then proceeding to claim that Dogecoin has potential, if someone was to alter a few of its characteristics. On top of that, he created a poll on whether to accept Dogecoin for Tesla purchases.

I think that the Elon Musk incident showed us how insecure the market is, in terms of volatility and manipulation, which is due to the nature of crypto.

[coiningz]

Elon twitter is just dogecoin marketing compaign

[so98nn]

I gotta say we need a break from these topics now guys. It's all Elon everywhere and his tweets. I know this is hot and unique stuff that has ever happened in the crypto space but I think we are stretching it too much now.

I know most of us lost money due to his acts and the crypto is seeing the worst blood bath ever.

BUT, this is not really associated with the Elon alone. I mean checkout the historical data and you will see every year in the middle the crypto tends to dump itself heavily so that it could be moved on to the next ATH point by the year end or around Christmas.

I think it's nothing new here, lets just stop the Elon stuff.

[Chato1977]

It's been almost twenty-four hours since Tesla CEO Elon Musk took to Twitter. He asked his followers in the poll whether they agreed with Tesla agreeing to use the meme coin as a payment option.
So far, 3901106 votes have been counted. Meanwhile, more than 3 million (78.2%) respondents voted "yes" and 21.8% were against.
Earlier this year, Elon Musk announced in a statement that Tesla had begun accepting the world's leading currency code, Bitcoin (BTC), and that the bitcoin received would not be converted into Fiat currency. Tesla also allocated $ 1.5 billion to buy bitcoins. It was later revealed that the company had liquidated ten percent of its BTC assets.
As you know, after Saturday night's broadcast, the DOGE price fell from $ 0.71 to $ 0.44, but the growth of this currency resumed.




Source: https://u.today/will-tesla-add-doge-now-that-39-million-people-have-voted-in-elon-musks-poll

So this is the real reason why Tesla suddenly take Bitcoin away from their support? because of Dogecoin pushing?

Not i must admit that Elon Musk is the stupidest person alive.

[Sithara007]

So this is the real reason why Tesla suddenly take Bitcoin away from their support? because of Dogecoin pushing?

Not i must admit that Elon Musk is the stupidest person alive.

No.

The real reason was that Elon realized that Bitcoin won't dance to his whims and fancies. He didn't had any issue with Bitcoin for the first 4 months. And then he suddenly came up with the excuse that Bitcoin energy use is too high. And if that was the case, then he could have promoted some of the other "real" cryptocurrencies. But no. He instead chose a meme coin, which was created to mock the entire idea of cryptocurrency. The sole reason was that he realized Dogecoin can be manipulated easily, unlike the other coins.

[semobo]

He already took the decision and wanted to convince the people he did that because people wanted it too, Anyone with smart mind will ask such questions in a social media where most of the people don't have any knowledge about what he is asking and its no wonder that many Yes because they don't know what is Doge, they simply voted yes for Elon Musk.

Agree on the first part but strongly disagree on the latter part since its people, People without interest on it is not mandatory need to answer the people just like what you are imposing. Probably most the user voted yes was Doge holders and users considering how big the Dogecoin is. I'm not a fan of Elon nor Dogecoin but I know that there community was strong to win that poll though. In fact there will be no repercussions to users if ever they will list that meme coin.

Dogecoin exists here for a very long and one of the oldest altcoins as well but why these community suddenly had a strong belief on this meme coin?

Just because of the Elon Musk hype in my point of view!

[bryant.coleman]

Dogecoin exists here for a very long and one of the oldest altcoins as well but why these community suddenly had a strong belief on this meme coin?

Just because of the Elon Musk hype in my point of view!

First of all, Dogecoin is not an altcoin. Rather, it is a shitocoin. When Jackson Palmer and Billy Markus created this shitcoin in 2013-14, their idea was to mock the entire concept of cryptocurrency and not to create an alternative  crypto. And it is factually incorrect to label Doge as "one of the oldest". Because Doge first came in to existence in December 2013. The first altcoins were created in 2011. Hundreds, if not thousands of altcoins came in to existence before the first Dogecoin came in to circulation.

[jaberwock]

First of all, Dogecoin is not an altcoin. Rather, it is a shitocoin. When Jackson Palmer and Billy Markus created this shitcoin in 2013-14, their idea was to mock the entire concept of cryptocurrency and not to create an alternative  crypto. And it is factually incorrect to label Doge as "one of the oldest". Because Doge first came in to existence in December 2013. The first altcoins were created in 2011. Hundreds, if not thousands of altcoins came in to existence before the first Dogecoin came in to circulation.

That is a true fact, actually the creators even said so themselves that is the biggest proof. I mean if it was just something that we said then someone else can argue that we are wrong and can create a counter-argument for it but when the person who created the coin we are talking about saying that it was suppose to be a joke and a meme and nothing more than you are really not giving yourself that much room to work with and it is definitely a shitcoin without a doubt. That is why I think there is really no chance that people could take this seriously. All the people in the world are either saying it is a shitcoin and ignore it or they just want to make a quick buck and nothing more than that.

[Vishnu.Reang]

That is a true fact, actually the creators even said so themselves that is the biggest proof. I mean if it was just something that we said then someone else can argue that we are wrong and can create a counter-argument for it but when the person who created the coin we are talking about saying that it was suppose to be a joke and a meme and nothing more than you are really not giving yourself that much room to work with and it is definitely a shitcoin without a doubt. That is why I think there is really no chance that people could take this seriously. All the people in the world are either saying it is a shitcoin and ignore it or they just want to make a quick buck and nothing more than that.

Historically a section of the celebrities have promoted Dogecoin through social media. And this trend started much before Elon Musk made his first tweet on Dogecoin. Snoop Dogg, Jake Paul and Mia Khalifa are some of the celebrities who have urged their followers to purchase Dogecoin. And Angela White claims that she is holding Dogecoin since 2014 (although no evidence has been provided for the same). One thing is sure. These people have realized that Dogecoin can be easily manipulated for their own benefit.

[Oasisman]

Dogecoin exists here for a very long and one of the oldest altcoins as well but why these community suddenly had a strong belief on this meme coin?

Just because of the Elon Musk hype in my point of view!

Dogecoin has gained trust from the investors way back. As the creator once said that this coin was created as a joke, but it gained positive feedbacks. So, they have pursued Doge.
It's not just because of Elon Musk alone that Dogecoin gained it's value despite of being a "joke" coin.
Dogecoin was also use to tip social media content creators. There's no wonder why Dogecoin was being promoted in social media even before Elon tweets about Dogecoin.

This community didn't have absolute belief on Dogecoin, but we're just riding the hype, like everyone doesnt want to miss the train.

[paxmao]

Elon should attend to his own business instead of trying to become a figure on the crypto scene. It is of little help for us to have a guy like him launching uneducated opinions in a desperate try to mean something on the crypto sphere, which he failed miserably to recognise in due time and now is trying to manipulate for his own purposes. The only treatment he deserves is being ignored, and not only in crypto but also in general. This guy must be on something heavy to do this.

[ultrloa]

Elon should attend to his own business instead of trying to become a figure on the crypto scene. It is of little help for us to have a guy like him launching uneducated opinions in a desperate try to mean something on the crypto sphere, which he failed miserably to recognise in due time and now is trying to manipulate for his own purposes. The only treatment he deserves is being ignored, and not only in crypto but also in general. This guy must be on something heavy to do this.

Before I though his pressence is good to crypto's adoption but unfortunately his been exposed since his main intention why he join here is for his own gain, we already see how bad he is for spreading fuds on medias so its really best for crypto people to forget him so that he cannot create any further damage to the market.

[carlisle1]

Elon should attend to his own business instead of trying to become a figure on the crypto scene. It is of little help for us to have a guy like him launching uneducated opinions in a desperate try to mean something on the crypto sphere, which he failed miserably to recognise in due time and now is trying to manipulate for his own purposes. The only treatment he deserves is being ignored, and not only in crypto but also in general. This guy must be on something heavy to do this.

Before I though his pressence is good to crypto's adoption but unfortunately his been exposed since his main intention why he join here is for his own gain, we already see how bad he is for spreading fuds on medias so its really best for crypto people to forget him so that he cannot create any further damage to the market.

He's exposures also creates awareness to the government, not sure it's good or bad but for sure there's

always something that manifested after his existence to this market.

Now that there are many bad publicity and fuds are continue to spread out, he's words is being use to
move the market if you don't want to have a problem better to work according to how you interpret the market
and not because of whatever those known personalities statements.

[PrimeNumber7]

Elon should attend to his own business instead of trying to become a figure on the crypto scene. It is of little help for us to have a guy like him launching uneducated opinions in a desperate try to mean something on the crypto sphere, which he failed miserably to recognise in due time and now is trying to manipulate for his own purposes. The only treatment he deserves is being ignored, and not only in crypto but also in general. This guy must be on something heavy to do this.

Musk/Tesla is probably the reason why bitcoin went from the mid 20k's to 50k+. Tesla was buying $1.5 billion worth of bitcoin while bitcoin was at the mid $20k, and the price was pushed up to above $40k. Once Tesla announced their holdings, the price went up, and when they announced plans to accept bitcoin as a payment method, it went up even more.

Musk likes to say some pretty off-the-wall things about basically everything, including crypto, however tweeting about crypto will get people interested in crypto, and will get them to learn about it.

[wxa7115]

It's been almost twenty-four hours since Tesla CEO Elon Musk took to Twitter. He asked his followers in the poll whether they agreed with Tesla agreeing to use the meme coin as a payment option.
So far, 3901106 votes have been counted. Meanwhile, more than 3 million (78.2%) respondents voted "yes" and 21.8% were against.
Earlier this year, Elon Musk announced in a statement that Tesla had begun accepting the world's leading currency code, Bitcoin (BTC), and that the bitcoin received would not be converted into Fiat currency. Tesla also allocated $ 1.5 billion to buy bitcoins. It was later revealed that the company had liquidated ten percent of its BTC assets.
As you know, after Saturday night's broadcast, the DOGE price fell from $ 0.71 to $ 0.44, but the growth of this currency resumed.




Source: https://u.today/will-tesla-add-doge-now-that-39-million-people-have-voted-in-elon-musks-poll

And despite of this the price of dogecoin is still falling, I do not like that people are losing money by following Elon Musk and his nonsense but at least he is learning that all of that influence he thought he had is not there anymore, obviously those invested in dogecoin want this to continue so the price can resume its upward trajectory and they can recover at least some of the money they lost.

But some investors are realizing the game Elon Musk is playing and they are not willing to let themselves be manipulated by a billionaire that is only looking for his own selfish interests.

[pixie85]

Elon should attend to his own business instead of trying to become a figure on the crypto scene. It is of little help for us to have a guy like him launching uneducated opinions in a desperate try to mean something on the crypto sphere, which he failed miserably to recognise in due time and now is trying to manipulate for his own purposes. The only treatment he deserves is being ignored, and not only in crypto but also in general. This guy must be on something heavy to do this.

Musk/Tesla is probably the reason why bitcoin went from the mid 20k's to 50k+. Tesla was buying $1.5 billion worth of bitcoin while bitcoin was at the mid $20k, and the price was pushed up to above $40k. Once Tesla announced their holdings, the price went up, and when they announced plans to accept bitcoin as a payment method, it went up even more.

Musk likes to say some pretty off-the-wall things about basically everything, including crypto, however tweeting about crypto will get people interested in crypto, and will get them to learn about it.

You're overestimating Musk.


If you look at the charts, you'll see that move on 9th February. This was the Tesla announcement. It took us from 39000 to 46000.
At mid 20 thousand there was no announcement and no Tesla buying Bitcoin


Also, first time we went to 41000 we suffered a huge dump that many people thought to be the end of that bull run. Makes me wonder why there's so much paniuc today that we are at those levels again.
We could easily go down 12 thousand dollars in a week back in January and people were bullish.

[mamahdedeh]

It's been almost twenty-four hours since Tesla CEO Elon Musk took to Twitter. He asked his followers in the poll whether they agreed with Tesla agreeing to use the meme coin as a payment option.
So far, 3901106 votes have been counted. Meanwhile, more than 3 million (78.2%) respondents voted "yes" and 21.8% were against.
Earlier this year, Elon Musk announced in a statement that Tesla had begun accepting the world's leading currency code, Bitcoin (BTC), and that the bitcoin received would not be converted into Fiat currency. Tesla also allocated $ 1.5 billion to buy bitcoins. It was later revealed that the company had liquidated ten percent of its BTC assets.
As you know, after Saturday night's broadcast, the DOGE price fell from $ 0.71 to $ 0.44, but the growth of this currency resumed.




Source: https://u.today/will-tesla-add-doge-now-that-39-million-people-have-voted-in-elon-musks-poll

And despite of this the price of dogecoin is still falling, I do not like that people are losing money by following Elon Musk and his nonsense but at least he is learning that all of that influence he thought he had is not there anymore, obviously those invested in dogecoin want this to continue so the price can resume its upward trajectory and they can recover at least some of the money they lost.

But some investors are realizing the game Elon Musk is playing and they are not willing to let themselves be manipulated by a billionaire that is only looking for his own selfish interests.

Right, many have started to disbelieve Ellon's statement, where he is good at taking advantage of opportunities to achieve personal gain, as if he doesn't care about the development of a project. therefore we must be careful to invest in certain coins

[Vishnu.Reang]

Right, many have started to disbelieve Ellon's statement, where he is good at taking advantage of opportunities to achieve personal gain, as if he doesn't care about the development of a project. therefore we must be careful to invest in certain coins

The damage is already done and the exchange rates are down by 50%. Now what difference is it going to make, if the people doesn't believe in his tweets. As a lot of posters have already claimed, his real intention may be to come up with his own coin. It is something that Mark Zuckerberg tried, and failed to implement. Now Elon has come up with an idea similar to the Libracoin, with careful planning and deception. Now let's see how he will proceed with his plans and how much success will be there.

[newwest]

Elon twitter is just dogecoin marketing compaign

The best thing is that if you go with the flow and just be on the right side of swing then you make lot of money in the doge coin, as just in case if they announce to accept the doge coin for Testa, we know how quickly again the doge coin will start to rise back and you can easily double the profits in a short time and can exit if do not think has a good future.

[jaysabi]

1. A businessman selling candies tells you that candy wrappers are valuable.

2. He buys up all the candy paper from the market and tells you to buy it too.

3. Candy paper goes up in value but keeps fluctuating when businessman talks.

4. He says now you can buy his candies in exchange of candy wrapper.

5. Candy wrapper pumps. His bags gain value as he has all the candy wrappers he wanted.

How isn't this openly manipulation?

He shilled an asset and then asking his followers if he should accept it for payments. Isn't this monopolistic or something?

Doesn't matter though. DOGE is a PoW currency. If Musk decides to let people buy Tesla cars with it, maybe a few bag holders will be happy spending it. Its a cryptocurrency. If he chooses DOGE, its his wish. Doesn't mean that DOGE will suddenly become better than Bitcoin.

This metaphor is convoluted and unnecessary. It's not manipulation because the definition of manipulation requires action to benefit yourself or someone else.  If you're just making statements to move markets to troll people, that's not manipulation.  There's no evidence Musk is trying to profit, all signs point to him just being an attention whore, so anybody following his "advice" should be on notice that he's flakey.