Elon Musk accidentally created a new cryptocurrency. WTF?

[s.tanishka]

I will never trust meme coins again, even if the meme coins are promoted by Elon Musk or other big influencers, because in my opinion meme coins don't have good quality, and the foundation is weak, that's why so many meme coins end up collapsing

While it's wise to be cautious with meme coins, it's important not to paint all cryptocurrencies with the same brush. Do your own research, and look for projects with a strong team, clear vision, and a solid track record of success. By doing so, you may find opportunities to invest in cryptocurrencies that have the potential to generate real value in the long term.

I agree that it is wise to be careful with meme coins as they are often highly speculative and can carry significant risks for investors. Additionally, meme coins are often not backed by any tangible assets or have any real-world use cases, which can make their long-term value uncertain.

[Sethrey]

Did everyone see the surge in Dogecoin? Again, thanks to Elon that have made the Twitter logo into the face of a dog. Again, he's on it and everyone who's excited about Dogecoin and Elon made profits again I guess.
(https://www.reuters.com/technology/dogecoin-jumps-musks-twitter-flips-logo-shiba-inu-dog-2023-04-04/)

Yes, Elon Musk, if he’s already tired of his dogs, he turned it all into clowning, because in fact the coin itself does not have growth, and he artificially raises the price.I do not believe in this crypt and I will not get into it Elon Musk is a deceiver

While it's true that Elon Musk's tweets and actions have had an impact on the price of Dogecoin, it's important to also consider the underlying technology and potential use cases of the cryptocurrency. Cryptocurrencies like Dogecoin have the potential to revolutionize the way we conduct financial transactions and provide a more decentralized and secure system.

[judaspriest]

I will never trust meme coins again, even if the meme coins are promoted by Elon Musk or other big influencers, because in my opinion meme coins don't have good quality, and the foundation is weak, that's why so many meme coins end up collapsing

While it's wise to be cautious with meme coins, it's important not to paint all cryptocurrencies with the same brush. Do your own research, and look for projects with a strong team, clear vision, and a solid track record of success. By doing so, you may find opportunities to invest in cryptocurrencies that have the potential to generate real value in the long term.

I agree that it is wise to be careful with meme coins as they are often highly speculative and can carry significant risks for investors. Additionally, meme coins are often not backed by any tangible assets or have any real-world use cases, which can make their long-term value uncertain.

but if elon musk makes memecoin of course 10% i will also buy, don't you know about how Doge has a very high pump?
yes, it's because Elon Musk, who supports Doge, has become what he is today, so don't waste it if it comes again.

[s.tanishka]

Did everyone see the surge in Dogecoin? Again, thanks to Elon that have made the Twitter logo into the face of a dog. Again, he's on it and everyone who's excited about Dogecoin and Elon made profits again I guess.
(https://www.reuters.com/technology/dogecoin-jumps-musks-twitter-flips-logo-shiba-inu-dog-2023-04-04/)

Yes, Elon Musk, if he’s already tired of his dogs, he turned it all into clowning, because in fact the coin itself does not have growth, and he artificially raises the price.I do not believe in this crypt and I will not get into it Elon Musk is a deceiver

While it's true that Elon Musk's tweets and actions have had an impact on the price of Dogecoin, it's important to also consider the underlying technology and potential use cases of the cryptocurrency. Cryptocurrencies like Dogecoin have the potential to revolutionize the way we conduct financial transactions and provide a more decentralized and secure system.

It's just a memecoin it has no real use. The only thing for which it could be used was to withdraw small amounts from exchanges. DOGE has always had a small withdrawal commission

[ije07]

People will take advantage of the situation a lot more now because of Elon Musk's significant impact on the cryptocurrency market with his comments. Many of Elon Musk's admirers have always seen that he has created a mess of the cryptocurrency world. Despite the fact that the price increase mentioned in the tweet is just temporary, if we can seize the opportunity to join Elon Musk's enthusiasm,

[Sethrey]

It's just a memecoin it has no real use. The only thing for which it could be used was to withdraw small amounts from exchanges. DOGE has always had a small withdrawal commission

And as it's not the only coin with low fees, why should we use it while it has no real use as you've already mentioned? I know several privacy coins with low commissions, Bitcoin from time to time also has a small withdrawal fee. But people still run after meme coins which will disappear same fast as they entered the market one day.

[carrie_white]

I have given up on Elon Musk, I think Elon Musk is promoting meme coins only for personal gain, or even just for fun and there is no interest in these meme coins at all, especially with new meme coins like Floki

[abel1337]

I have given up on Elon Musk, I think Elon Musk is promoting meme coins only for personal gain, or even just for fun and there is no interest in these meme coins at all, especially with new meme coins like Floki

It's obvious from the start. There are too many coins to choose from but Elon choose to shill a meme coin which most of us guess he accumulated bags of it before even promoting it. We can even see how effective he is in the market this is why people want to ride his hype and to create their own profit from it. Elon Musk hype is not the same as it was before and I hope that it will continue that he gradually lose the influence of shilling coins like DOGE. I remember that Floki meme coin, There are different versions of that and I think also received a variant of that from an airdrop from a different blockchain. That's how strong Elon's influence before. I hope people learned their lesson last bull market.

[s.tanishka]

Before everyone followed Elon Musk twitter and as soon as he wrote something, the market immediately reacted with growth or fall. in 2020-2021 he made a lot of cryptocurrency-related tweets. Then market participants vigorously discussed all his tweets. And his tweets really influenced the rise or fall. The reason is that the market is too young and too small. 90% of market participants are ordinary people who have nothing to do with investments and their minds are easy to manipulate.

[Sethrey]

I have given up on Elon Musk, I think Elon Musk is promoting meme coins only for personal gain, or even just for fun and there is no interest in these meme coins at all, especially with new meme coins like Floki

I understand your frustration and concerns about Elon Musk's involvement with meme coins such as Floki. While it's difficult to know for sure what his intentions are, it's important to remember that cryptocurrency, in general, is still a relatively new and volatile market. It's not uncommon for influential figures like Elon Musk to have an impact on the market through their actions and comments. And it's also important to note that investing in cryptocurrency, particularly in meme coins, carries a high level of risk. These coins are often highly speculative and can experience extreme volatility.

[s.tanishka]

Now Musk's actions on Twitter could play havoc with the DOGE. The growth of the DOGE coin was based solely on Ilon Musk. Now the market no longer reacts that way to his news. In the future perhaps all DOGE holders will suffer a lot because of this because the meme coin will be useless and its price will go down.

[mirakal]

I have given up on Elon Musk, I think Elon Musk is promoting meme coins only for personal gain, or even just for fun and there is no interest in these meme coins at all, especially with new meme coins like Floki

What do you expect my friend, that the famous crypto whale Elon Musk will promote something for everybody's gain? That just impossible to happen and quite too muck to ask.
And surely you already had some doubts even before about this motive and why he is doing all this while being mysterious in the same place, but you still chose to ride with the hype with the hopes that Elon Musk got a good plan for the sake of mankind.

[Sethrey]

Now Musk's actions on Twitter could play havoc with the DOGE. The growth of the DOGE coin was based solely on Ilon Musk. Now the market no longer reacts that way to his news. In the future perhaps all DOGE holders will suffer a lot because of this because the meme coin will be useless and its price will go down.

It's true that Elon Musk's tweets and public statements have had a significant impact on the price of Dogecoin in the past. However, it's important to remember that the cryptocurrency market is highly volatile and influenced by a variety of factors beyond any single individual's influence.

[s.tanishka]

It's strange that there's no news in this thread either about the CULT token that Elon Musk has zamapmited with his tweet. The token doubled in value and expectedly returned to its previous price.

[podluznyj]

Before everyone followed Elon Musk twitter and as soon as he wrote something, the market immediately reacted with growth or fall. in 2020-2021 he made a lot of cryptocurrency-related tweets. Then market participants vigorously discussed all his tweets. And his tweets really influenced the rise or fall. The reason is that the market is too young and too small. 90% of market participants are ordinary people who have nothing to do with investments and their minds are easy to manipulate.

I also followed elon Musk, all his undertakings and promotions of crypto-currencies, especially the dogs that he promoted and indeed the price grew very quickly, but all this PR does not lead to anything good for an ordinary member of the crypto community, people lose their earned money, and Elon Musk on it makes good money

[s.tanishka]

I completely changed my attitude towards Musk after he started exerting his influence on the cryptocurrency market. Traders from all over the world were losing $200-300 million a day because of one tweet from Musk. This is not dignified behavior for a man of his caliber.

[Sethrey]

I completely changed my attitude towards Musk after he started exerting his influence on the cryptocurrency market. Traders from all over the world were losing $200-300 million a day because of one tweet from Musk. This is not dignified behavior for a man of his caliber.

Exactly the man of his caliber and of his nature will do that. He brought many new things to this wold and he believes that he's kind of god on the earth. He likes to make fun of everything. If you'd have the same opportunities, won't you do the same?

[s.tanishka]

Well, here he is again, he has pump the nft collection +14000% with just one tweet.

[podluznyj]

The founder of Tesla and SpaceX, Elon Musk, again stirred up the cryptocurrency market on Friday, leaving a seemingly harmless message about his new dog.

He said that he chose a nickname for his Shiba Inu puppy. His name will be Floki. In early May, Elon Musk first announced that he intends to take a Shiba Inu puppy. Then the cost of the Shiba Inu cryptocurrency increased by 68% in an hour.

After Friday's announcement by Musk, the Shiba Inu exchange rate increased by 26%, but later corrected. However, another thing is more interesting: 9 minutes after the appearance of Musk's post on Twitter, the Floki token was created on the decentralized Uniswap crypto exchange. Within an hour, its price increased by 795%, to $0.000000001100. As a result, the growth was about 3500%.

Do you think this is another attempt to influence the crypto market? Will the project be eco-friendly, because in the case of chia, everything was not so positive? There are already green projects on the market, for example, Crypton , for mining which only needs Internet access and a PC.

Is all the excitement around the project really a hype? Like chiahype and etc.?

I don’t agree with you, because Elon Musk doesn’t do anything by accident, this person does everything intentionally and he can’t accidentally create coins, everything is thought out in advance and he uses his earned money not by chance, but purposefully, which means that soon this coin will go up as he accidentally starts promoting his new altcoin

[Sethrey]

I don’t agree with you, because Elon Musk doesn’t do anything by accident, this person does everything intentionally and he can’t accidentally create coins, everything is thought out in advance and he uses his earned money not by chance, but purposefully, which means that soon this coin will go up as he accidentally starts promoting his new altcoin

Well, it's worth noting that cryptocurrency markets are influenced by a multitude of factors, including technological advancements, market sentiment, regulatory developments, and broader economic conditions. While Elon Musk's involvement can create short-term fluctuations, the long-term trajectory of a coin's value is influenced by a variety of market forces and not solely reliant on the actions of one individual.