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Author Topic: Dogecoin Jumps 22% as Elon Musk Hints at Improving Network’s Transaction Efficie  (Read 453 times)
YanBitMoney (OP)
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May 14, 2021, 06:45:49 AM
 #1

Elon Musk again! What will Elon Musk do next? I think if you follow him closely, you will make some money anyway. hahaha

https://www.coindesk.com/dogecoin-elon-musk-tesla-transaction-efficiency
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May 14, 2021, 06:54:04 AM
 #2

You will lose your money in the long term, please understand that he is manipulating the prices so he can get benefits from it but the price of it is really huge in future the doge coin will die just because such kind of influence if he is having over a coin for long term.
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May 14, 2021, 07:37:27 AM
 #3

Nowadays Dogecoin is changing from memecoin to being a pump and dump purpose, elon use his power to manipulate the market with his tweet.
As long as you do not buy during the pick season, it is still safe for the long term but not later than the end of this year, I bought it at $0.05 and so still safe to hold more time.

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YanBitMoney (OP)
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May 14, 2021, 08:36:26 AM
 #4

Nowadays Dogecoin is changing from memecoin to being a pump and dump purpose, elon use his power to manipulate the market with his tweet.
As long as you do not buy during the pick season, it is still safe for the long term but not later than the end of this year, I bought it at $0.05 and so still safe to hold more time.

Yeah I know, totally agree. Should be safe if we join earlier. For the scalper just buy depend on the news but only for short term.
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May 14, 2021, 08:58:34 AM
 #5

There will be an announcement will be coming from elon after he was working with the doge coin developers to increase the efficiency and then doge coin will be accepted as a new payment to buy tesla.
I have a serious question about this. Elon was mentioning he was working with the doge coin developers to improve the capacity of coins and with who he was working on it?
We know that the doge coin developers already retired since a long time ago and there's no party that control the doge coin right now.

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Nalbo
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May 14, 2021, 09:25:29 AM
 #6

Still much lower than what I bought it for. But I'm just going to wait. There were and will be many such statements that would try to influence the crypto market but overtime, almost all of the popular crypto currencies has broken their all time high to create a new one. Though I have to admit I bought Doge on the bad time. Would be selling it for CP as soon as it hits.
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May 14, 2021, 09:49:22 AM
 #7

You will lose your money in the long term, please understand that he is manipulating the prices so he can get benefits from it but the price of it is really huge in future the doge coin will die just because such kind of influence if he is having over a coin for long term.

The best thing to do is to have a plan in three phases short , medium and longer and can proportionately allocate the money. If you make good money in short term due to volatility then it can cover your cost for longer term and do not have to worry even if its dips in future. Though I do not think that it could have a drastic fall in coming years.

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May 14, 2021, 10:11:11 AM
 #8

Elon Musk again! What will Elon Musk do next? I think if you follow him closely, you will make some money anyway. hahaha

https://www.coindesk.com/dogecoin-elon-musk-tesla-transaction-efficiency
Just unfollow the guy if you will, he just showed his true nature this time. Yes he's a successful one but I don't think we should follow him in terms of any financial matters involving crypto, he's not a financial advisor.
WinBIts
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May 14, 2021, 10:12:53 AM
 #9

Nothing more that "ironic" market manipulation
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May 14, 2021, 10:15:14 AM
 #10

Elon Musk again! What will Elon Musk do next? I think if you follow him closely, you will make some money anyway.
Elon Musk and his tweets can make you FOMO and can make you panic. Do you think deeply about this tweets after what he does with Bitcoin?

Support, adopt it on Tesla, reverse the adoption. He can do anything he want with his company and his Twitter account. Fortunately, you are the only one can control your decisions. Why Dogecoin but not other coins, not Bitcoin?
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May 14, 2021, 10:23:37 AM
 #11

I wonder if the higher ups of those company including stack holders actually agree with the idea of accepting coin that's volatility far above bitcoin. Like if you think about it, bitcoin is like symbol of wealth, digital gold it's kinda suitable for automobile company to accept it, but doge coin I mean really?
Well, I think i'm just overthinking anyway, it's not like that much of people gonna buy tesla using doge, the buyers gonna be some outlier for sure and not just ordinary people could buy that car.

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May 14, 2021, 10:25:19 AM
 #12

Elon Musk is the new attention of crypto, he has overtaken everyone from satoshi to McAfee and Vitalik to Craig Wright.
He became a crypto hero overnight, a dogefather and after dumping bitcoin an enemy of bitcoin. But even though he be the richest person in the world, the current market is not fully reacting on his action. He have sent more than 3 news trying to boos the price of Dogecoin since last week but the prices are still the same as last week.
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May 14, 2021, 10:39:27 AM
 #13

I'd never buy Dogecoin even if it will reach $100 per coin. This coin has been hijacked by the snake manipulator Elon Musk and I don't care what's happening with it anymore, in my eyes it's worth 0, is pure garbage pump and dump. A lot of you will get musked in the end, oh yes you will.

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May 14, 2021, 10:53:49 AM
 #14

You will lose your money in the long term, please understand that he is manipulating the prices so he can get benefits from it but the price of it is really huge in future the doge coin will die just because such kind of influence if he is having over a coin for long term.

The best thing to do is to have a plan in three phases short , medium and longer and can proportionately allocate the money. If you make good money in short term due to volatility then it can cover your cost for longer term and do not have to worry even if its dips in future. Though I do not think that it could have a drastic fall in coming years.
Then what is the point of investing, its even worse than keeping your capital in a bank account that is why don't be a food for his greeds and make your decision wiser. Of course you can make money with short-term volatility of doge because it is the only coin that bumped in last 24 hours in the top 10 marketcap list which shows how much manipulation is involved.
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May 14, 2021, 10:54:04 AM
 #15

I also think that Elon turns into McAfee in this period of bullrun. Hopefully he won't follow McAfee's footsteps and turn into a joke. The sooner he stops this meme hyping tweet, the sooner retails would realize they've been played with.

Sadly people only learn after they lost their money, which allows garbage projects to survive while those with fundamentals keep getting dumped. God knows whether this improvement will really make DOGE a better chain than before, but they'll fail to continue the run if hype is the only thing that they're good at.
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May 14, 2021, 11:08:52 AM
 #16

Another manipulation is happening, looks like Elon is now focus on DOGE after he dropped bitcoin with his announcement that Tesla will stop accepting bitcoin. This is very obvious, we should not fall for this trap as the next thing that will happen is a big dump. I'm afraid that DOGE will become a pump and dump coin now.

Don't follow the FOMO guys!

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May 14, 2021, 11:18:17 AM
 #17

I'd never buy Dogecoin even if it will reach $100 per coin. This coin has been hijacked by the snake manipulator Elon Musk and I don't care what's happening with it anymore, in my eyes it's worth 0, is pure garbage pump and dump. A lot of you will get musked in the end, oh yes you will.
Tweet positively about one crypto currency, the value increases significantly. Wake up next day and criticise another currency. Value drops by billions. Pure manipulation.
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May 14, 2021, 11:21:24 AM
 #18

There will be an announcement will be coming from elon after he was working with the doge coin developers to increase the efficiency and then doge coin will be accepted as a new payment to buy tesla.
I have a serious question about this. Elon was mentioning he was working with the doge coin developers to improve the capacity of coins and with who he was working on it?
We know that the doge coin developers already retired since a long time ago and there's no party that control the doge coin right now.
I don’t think he’s the sole controller. He is one of the richest men in the world and every of his tweets affects any market (positive or negative way).
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May 14, 2021, 11:23:22 AM
 #19

You will lose your money in the long term, please understand that he is manipulating the prices so he can get benefits from it but the price of it is really huge in future the doge coin will die just because such kind of influence if he is having over a coin for long term.
It's all about pushing negative information about bitcoin to crash the price and then he start buying again, that is his intention. Unfortunately margin trader will quickly sell off and incure losses. But if you are a long term investor you shouldn’t look at that.
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May 14, 2021, 11:25:29 AM
 #20

Elon Musk again! What will Elon Musk do next? I think if you follow him closely, you will make some money anyway. hahaha

https://www.coindesk.com/dogecoin-elon-musk-tesla-transaction-efficiency
Just unfollow the guy if you will, he just showed his true nature this time. Yes he's a successful one but I don't think we should follow him in terms of any financial matters involving crypto, he's not a financial advisor.
If people understand basic investment, financial and technical analysis, Elon's statement wouldn't be panic to them.
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