Tesla and Dogecoin

[_IRMAN]

First things first, I'm not a fanboy and I do not consider Elon Musk as our ultimate savior/supreme leader, I'm just looking for a buying opportunity.


So, without Elon, Doge and other related meme coins don't make a single move, and the recent pump caused by another tweet of Elon is the proof, but there's something that is blowing my mind: the remote possibility that Tesla could accept Doge as a payment method, and that could cause a massive rise.


I do not wanna appear like a fool who really think that a poll on Twitter could be a good source to know what's going on in Elon's mind, but other companies apparently had the same idea (AMC entertainment), so I was thinking that such a move by Tesla isn't so improbable, even considering that Elon is completely crazy and surely cares about profits, from the moment he owns the coin.


So, what's your opinion about that?


P.S: I have seen a lot of hate towards that guy and it is completely understandable, but please, do not blast this idea just because you hate that guy, you can freely criticize my idea but with serious comments.

Tesla cancels acceptance of Bitcoin as a means of payment, how can doge be the next choice? Of course it's just a joke to elon, and some people will panic buy a doge and hope for a profit.

[guydin]

So, what's your opinion about that?

I don't really think that Elon Musk will do it someday. He will stir up interest in dogecoin by saying that he is about to accepting doge for tesla, but I don't think that it will really happen. Dogecoin is useless and boring in terms of technology. I am inclined to believe that he will accept bitcoin rather than dogecoin for Tesla, when bitcoin becomes greener like he said.

[blockman]

the remote possibility that Tesla could accept Doge as a payment method, and that could cause a massive rise.

That possibility is already done long time ago. During the hype of Dogecoin, Elon and his companies should have accepted it already if he does believe in the project.
But, to tell you, he's just pumping it for his gains, and just as the usual about Dogecoin, it's only a meme coin and no more than that. He won't accept it with his companies and the more possibility of being adopted is bitcoin.

https://twitter.com/elonmusk/status/1392030108274159619
https://www.indiatoday.in/technology/news/story/elon-musk-puts-twitter-poll-to-check-if-tesla-should-accept-dogecoin-and-this-is-what-it-means-for-you-1801690-2021-05-12

The poll results shows up the interest on adding up DOGE but look at on what Tesla made or decision? They arent still making any movement
but for sure there would be some considerations.

Because they know that it won't add up any value to their company. It's just a meme coin and they shouldn't really add it to their payment method. These polls mean nothing and it doesn't really voice all of its customers. It's not a surprise that they might be accepting bitcoin again but in terms of Dogecoin. Well, if they add it up then they have the balls and they walk the talk but it's been asked before and now it's just all about another way of manipulating the market because he knows how to do it with such schemes.

[maydna]

Maybe Dogecoin does not have a chance to rise again after Elon is not say anything about using Dogecoin for his company. And we do not know if the investors are still behind on Dogecoin and have a bit of Dogecoin like before. Elon uses Dogecoin to gain popularity and after he gets it, he leaves Dogecoin without anything. Maybe he prepares the other coin to get more popularity so be careful.

[coinzzzpro]

I would never have believed that DOGE would grow like this, Elon Musk is a good promoter of coins, but his words often make things fall down as well. I don't understand why he needs it.

[imamusma]

Dogecoin The coin market is much worse now.
From now on, I am getting very bad in the cryptocurrency market.
From now on, I am getting very bad in the cryptocurrency market

What do you say buddy? Have you never seen the market in the past or in previous years so that you can make a little comparison with the current state of the cryptocurrency market, because in the past the price of Dogecoin was only 20 satoshi, whereas now the price is much different and it is not a bad thing.

[p.b.winry]

Stop expecting too much on that kind of coins mate if you really want a good return after all. Because they're known for hype only wherein always plunges back to the dip especially when those people behind the project already gained enough profits. So be smart mate, and you know what.. Why not NFT'S? these are very popular nowadays and most of them were at the top since the very first start, so you better switch to nfts if i were you. Whereim stop believing in meme coins as well because they're trash not a good investment.. Think about it..

I think this coin will just be a game for people who have more funds. More likely to be unstable, can plunge suddenly and unpredictably.

[Review Master]

This is just a theory for them who still believe in him. Like others, i still believe on my TA+FA rather than those tweets. 

Hoping and believing on his possible tweets is not a sustainable approach on this market.

Indeed, that's why i already said that still believing on my own TA+FA for doing trading or investment. Basically, influencers won't do anything without their own benefits from the market. So best to stick with our own TA for picking any alts or investing into new projects. 

[DarkDays]

So most likely yeah, it might have a big impact on the price of Doge, if ever he will accept it as payment and could cause a massive spike, but as far as if it going to be short or long term? I'm speculating that the pump might not be sustainable.

I agree, that it doesn't matter what the current value of Dodge is (no value at all in my view) if Tesla or Elon tweets about accepting Doge as payment even as a joke, it will still pump the price even if it may be a momentary pump.

People are too clingy and they'll cling to everything that they can, and Elon's tweets have so far been successful in moving markets which is why if it was to happen again it would be no different - the market will move!

[Valak]

Indeed very many are not happy with the actions that Elon Musk is currently doing, of course there are certain reasons why they are not happy with what Elon Musk is doing. The pump against Dogecoin is out of control, even I think it reaches 10k% pump against Dogecoin. This causes most of the other coins to drop. But I think positively in this regard, the bull run in 2021 cannot be separated by the actions of Elon Musk. Of course there are positive and negative sides.