What if Elon musk launches his own coin?

[Vatimins]

     Although it may seem like a good idea for him to strike the iron while it's hot by making his own alternative coin, I do not think that he will ever do it because if we think about how big his name is and the companies under him, he will mostly not make any course of action that may tarnish the name of his companies and his own name that he built through his hard work and achievements from it. If ever, he will most likely put a dummy CEO and fund its production then make a couple of tweets promoting it while making sure not to overly connect his name with it.

[fortunecrypto]

Elon Musk can create his own coin but there's already one existing that is named after him and it's doing good and gaining a lot of supporters from the community because it was created by a reputable manager Lightlord.

ElonCoin

This one is a staking coin if ever Elon Musk going to create one since he is the richest man on this planet he can create his own chain, because he can hire the best developers and coders in this planet.

[mirakal]

If Elon Musk will launch his own coin then for sure it will get hype and a lot of investors will take the chance to buy more because this Elon Musk can really hype a coin but for sure it will not last in a long run, it will only be a pump and dump, we can make a profit on it but whenever we already reach 5x then we should pull it out right away because it can dump again and it is not good for a long term investment.

I agree with your opinion, it is very risky to invest on meme coin created by well known people such as Elon.
The more the hypes, the more the crash impact after the hypes end.
Only early investor will gain huge profit from it by buying it and sell immediately when it pumped, not recommended to hold the coin unless the coin have some real use cases other than just a meme coin.

With that kind of scenario, it will become a Ponzi scheme as in the mind of the investors are the big increase of price in a short period of time, and since Elon is known as a good market manipulator, he can always make a good plan to manipulate the market again to market his own coin.

We can't stop this from happening, but if we educate ourselves, we can always stay away from this kind of investment.

[feelideb]

If Elon musk start a coin today, I 'll bet such coin will gather a lots of attention and momentum. Elon musk is considered as a successful billionare and as such, Elon coin will have some substance and value accrue to it! The sustainability of such value conferred on such coin is what will be in doubt but almost instant success is almost guarantee if Elon launches his own altcoin!

[imamusma]

If Elon musk start a coin today, I 'll bet such coin will gather a lots of attention and momentum. Elon musk is considered as a successful billionare and as such, Elon coin will have some substance and value accrue to it! The sustainability of such value conferred on such coin is what will be in doubt but almost instant success is almost guarantee if Elon launches his own altcoin!

It's true, because Elon Musk still holds a lot of influence in the crypto space even though some people don't like him, but believe me big investors will always believe in Elon Musk when he starts making his own coin.

[jambul_kribo]

If Elon musk start a coin today, I 'll bet such coin will gather a lots of attention and momentum. Elon musk is considered as a successful billionare and as such, Elon coin will have some substance and value accrue to it! The sustainability of such value conferred on such coin is what will be in doubt but almost instant success is almost guarantee if Elon launches his own altcoin!

it is depend on which kind of project will Elon Musk build, if he build MEME coin without usecase again i am doubt alot investors will join. most of them prefer invest to project with high quality in usecase that can applied in our real life. blockchain give solution in any field and project that could build it they will get success include to elon musk.

[bakasabo]

We all know that Elon Musk uses cryptocurrency to promote and stimulate sales of his products. One day, he should create an altcoin, which will be paid for every mile tesla car made. This will made car owners drive more. Cars will more and more often will visit dealerships for maintenance. As a part of payment, owners can use "obtained crypto while driving". Everyone will win from that. Tesla, car owners, spare parts manufacturer, car services.

It is easy to create this scheme on the paper. I'm sure it is even easy to code this "tesla car token" distribution. Problem will be with laws, taxes and etc. Without crypto adoption, this is just a dream.

[Sanitough]

That will become a popular pump and dump coin. I see that some developers have already made their coins named after Elon.

They know the hype is for real when this guy is involve with their projects but they're also aware that such projects won't remain for long. It's just because of his name is very popular.

The advantage is there for the unusual type of investors.

I agreed on your statement Sir, there are a lot of dev. recently who made their own coins where it was under the name of Elon Musk because
they knew the name of ELON MUSK has a big impact in the social media where for them it will gonna be an easy way for them to get profit during the time where Elon was to noisy in the crypto space and the social media.

Various reasons put forward by many people against Elon Musk, of course there are many sides that need to be assessed by an Elon Musk. I think if he created and launched his own altcoin it would be very successful. besides he has a large capital and also has many followers. therefore I am sure he will succeed

If he launches it before, then I would think it has a huge chance of being successful, but now, he started shilling and end so badly because he made DOGECOIN from shitcoin to be a golden coin for newbies, and because of shilling it, it has become overvalued now, and one day this will not hold on and it will dump.

IMO, the reputation of Elon in crypto was already destroyed, and it was him who did it, it's becauseof his greediness.

[Ngewex Yuk]

The name and personality of Elon musk has been trending lately, for good and bad reasons. Some blame him for the recent down in price of btc with his recent tweet, some suspect that he has a plan to manipulate the market to the favour of doge coin which he has recently been a strong advocate for.

What if Elon musk takes this opportunity of popularity and influence to start and launch his own coin to the market?

Do you think an altcoin created by Elon musk will do well in the market?

Of course, it will become a trend and make Elon's coin into the top 50 coinmarketcap in a month, we all know that he is a very focused person and always thinks uniquely including if he makes his own coin.

[Alisha-k]

Musk has earned a name in the cryto industry just like Satoshi and as such his coin might likely do well because certainly many investors would show interest since his tweet has this manipulative energy that constantly fluctuate the prices of cryto commodities. Let's take a close study on Doge and Bitcoin and evaluate his influence based on this

[Noruka]

That will become a popular pump and dump coin. I see that some developers have already made their coins named after Elon.

They know the hype is for real when this guy is involve with their projects but they're also aware that such projects won't remain for long. It's just because of his name is very popular.

The advantage is there for the unusual type of investors.

I agreed on your statement Sir, there are a lot of dev. recently who made their own coins where it was under the name of Elon Musk because
they knew the name of ELON MUSK has a big impact in the social media where for them it will gonna be an easy way for them to get profit during the time where Elon was to noisy in the crypto space and the social media.

Various reasons put forward by many people against Elon Musk, of course there are many sides that need to be assessed by an Elon Musk. I think if he created and launched his own altcoin it would be very successful. besides he has a large capital and also has many followers. therefore I am sure he will succeed

If he launches it before, then I would think it has a huge chance of being successful, but now, he started shilling and end so badly because he made DOGECOIN from shitcoin to be a golden coin for newbies, and because of shilling it, it has become overvalued now, and one day this will not hold on and it will dump.

IMO, the reputation of Elon in crypto was already destroyed, and it was him who did it, it's becauseof his greediness.

It also depends on how he would start it. Probably as an airdrop maybe with limited number of tokens. I don't know if he would start it as a proof of work coin. Maybe hew would when he got enough solar panels to prove his point about Bitcoin being environmentally harmful. So he starts his own coin, powers mining with solar power and says hey people this is what I meant.
It definitely would come with a lot of hype.

[Desmong]

Elon Musk would never have a problem creating his own but I don't think he would want to risk is influence and personality to create  a coin that many would think he's just a troll. Like the market always react, if Elon create his own a lot of investors would buy the coin cause the coin will spike immediately creating more funds for the early buyers since everyone is in the market to make gains in respective of the coin.

[peter0425]

If Elon musk start a coin today, I 'll bet such coin will gather a lots of attention and momentum. Elon musk is considered as a successful billionare and as such, Elon coin will have some substance and value accrue to it! The sustainability of such value conferred on such coin is what will be in doubt but almost instant success is almost guarantee if Elon launches his own altcoin!

Lol are you kidding? That Clown has already lose his popularity and appeal in crypto world after everything he does recently , when he played the role of being clown and turn the market as his platform of playing.

It looks like he made the market manipulated and doing it as pump and dump.

[Botnake]

If Elon musk start a coin today, I 'll bet such coin will gather a lots of attention and momentum. Elon musk is considered as a successful billionare and as such, Elon coin will have some substance and value accrue to it! The sustainability of such value conferred on such coin is what will be in doubt but almost instant success is almost guarantee if Elon launches his own altcoin!

Lol are you kidding? That Clown has already lose his popularity and appeal in crypto world after everything he does recently , when he played the role of being clown and turn the market as his platform of playing.

It looks like he made the market manipulated and doing it as pump and dump.

I doubt he completely lose his popularity, the fact that DOGE is still holding a good price, that's the statement that Elon's influence is still here and investors will still follow him. Though we might say that some had already realized that he is shilling, we know we have a lot of newbies and fool investors that would easily follow a popular personality, and worse is they follow blindly.

[Dexion]

Musk has earned a name in the cryto industry just like Satoshi and as such his coin might likely do well because certainly many investors would show interest since his tweet has this manipulative energy that constantly fluctuate the prices of cryto commodities. Let's take a close study on Doge and Bitcoin and evaluate his influence based on this

With the money that Elon has, it's not a problem if he wants to make a coin and create hype quickly, but the risk of failure after the pump is greater considering that many people have read Elon's strategy in pumping the value of a coin.

[bots1]

It is possible that later Elon Musk will launch his own coin. If indeed Elon Musk really and seriously launches his coin I think he will make a huge profit and his coin will do well in the market. Moreover, Elon Musk has a large following and is supported by other retail investors. This he has proven recently how he made the price of Dogecoin experience a very high increase.

[Slow death]

If Elon musk start a coin today, I 'll bet such coin will gather a lots of attention and momentum. Elon musk is considered as a successful billionare and as such, Elon coin will have some substance and value accrue to it! The sustainability of such value conferred on such coin is what will be in doubt but almost instant success is almost guarantee if Elon launches his own altcoin!

Lol are you kidding? That Clown has already lose his popularity and appeal in crypto world after everything he does recently , when he played the role of being clown and turn the market as his platform of playing.

It looks like he made the market manipulated and doing it as pump and dump.

he's a billionaire guy and obviously he didn't make money fall out of the sky to become a billionaire, people still hold onto what he says because they assume that if he's so rich then he's competent and knows what he's saying and that's why people would invest in the altcoin he creates, I bet if he created any altcoin for sure his altcoin would be in the Top 10. I obviously wouldn't buy altcoin from him because I still like my little money and wouldn't want to lose in the dump. but the fact is that he is still influential unfortunately

It is possible that later Elon Musk will launch his own coin.

he's smart and he wouldn't do that, creating an altcoin wouldn't be beneficial to him, it would just destroy everything he has

[Noruka]

There is no reason to be a real speculator if you can do it in another way, Elon is smart and he is printing with few tweets. The new coin will not bring a lot of value to the table what he is doing now is the best method to keep printing money. Imagine getting billions with few social media posts, he is the biggest speculator ever.

I am also sure that before he started tweeting about Dogecoin he first loaded his bags and then pushed Dogecoin. If he owns a big stake in that coin he has made billions. Then again I don't know if he would do it because if somebody from an exchange whistle blows that it was Elon Musk who made billions following his tweets, Musk would get into serious trouble. Maybe he has always been doing it just for fun, who knows.

[LimLims]

The name and personality of Elon musk has been trending lately, for good and bad reasons. Some blame him for the recent down in price of btc with his recent tweet, some suspect that he has a plan to manipulate the market to the favour of doge coin which he has recently been a strong advocate for.

What if Elon musk takes this opportunity of popularity and influence to start and launch his own coin to the market?

Do you think an altcoin created by Elon musk will do well in the market?

The question and discussion topic is very good to be honest.
But let’s discuss the results with true facts, as really no one has seen the future yet.
I am sure no one has till now forgotten the Doge price hook when Elon announced about it.
Similar things will happen again if Musk launches his own coin.
Nothing different, people will buy for a month then after that it will again be dead.

[OZmaster]

If Elon musk start a coin today, I 'll bet such coin will gather a lots of attention and momentum. Elon musk is considered as a successful billionare and as such, Elon coin will have some substance and value accrue to it! The sustainability of such value conferred on such coin is what will be in doubt but almost instant success is almost guarantee if Elon launches his own altcoin!

Lol are you kidding? That Clown has already lose his popularity and appeal in crypto world after everything he does recently , when he played the role of being clown and turn the market as his platform of playing.

It looks like he made the market manipulated and doing it as pump and dump.

I doubt he completely lose his popularity, the fact that DOGE is still holding a good price, that's the statement that Elon's influence is still here and investors will still follow him. Though we might say that some had already realized that he is shilling, we know we have a lot of newbies and fool investors that would easily follow a popular personality, and worse is they follow blindly.

But it is also mysterious who is holding the coin these days and who is behind Dogecoin. I think the fact alone that Elon Musk got involved with Dogecoin could also have led other billionaires or multi millionaires to get involved as well, even if it is just for fun.

It is possible that there are a couple of financial heavy weights in Dogecoin and that is why it is holding its price relatively well.