Elon Musk once again throwing shade at bitcoin

[livingfree]

Another attempt to hype DOGE again, sorry but it's not happening anymore, DOGE price trend is going down and there's no way Elon Musk could save Doge downtrend even if he hypes it regularly. Bitcoin ===> DOGE, that's a fact and any coin cannot stand against bitcoin in terms of competition.

It's not an attempt but it's always what he do.

Whether he said that he'll accept payment in Doge for a Tesla. There will be an increase but that's just temporary, unlike bitcoin. Even if he keeps on telling something bad about it.

The effect is very tiny and temporary too.

[Hamphser]

Another attempt to hype DOGE again, sorry but it's not happening anymore, DOGE price trend is going down and there's no way Elon Musk could save Doge downtrend even if he hypes it regularly. Bitcoin ===> DOGE, that's a fact and any coin cannot stand against bitcoin in terms of competition.

It's not an attempt but it's always what he do.

Whether he said that he'll accept payment in Doge for a Tesla. There will be an increase but that's just temporary, unlike bitcoin. Even if he keeps on telling something bad about it.

The effect is very tiny and temporary too.

The community doesnt really care on what he would do but there are people who do love to jump in with the hype and take advantage with these sentiments and make profit with it without actually been supporting

on what Elon does have in mind.Yes, he could make out those full swing influence in price but doesnt mean that it would be sustainable.Good for those who had able to get in early
and once you do get caught with the dump then theres no other man would be blamed but this guy and of course you would blame yourself too. 

[Accardo]

Along the line of doge coin production Elon was not in the picture until few years back when he was appointed or elected as the president of Dogecoin. Then he appeared into the framework of the memecoin which some people thought that he is the owner of dogecoin, regarding the way he uplifted the value and price of dogecoin to the eyes of the people that knew less about memecoin how it's a fun coin that may not yield profits on the long run.

So, Elon is working hard to see if Doge can have a use case but, it proofs to be sacrosanct because of the nature of dogecoin it may not have a usecase. Whatever he says about bitcoin should not be taken into consideration because he is a twitter influencer but hes is different from the rest of the influencers on twitter due to his fame and wealth.

[Natalim]

Another attempt to hype DOGE again, sorry but it's not happening anymore, DOGE price trend is going down and there's no way Elon Musk could save Doge downtrend even if he hypes it regularly. Bitcoin ===> DOGE, that's a fact and any coin cannot stand against bitcoin in terms of competition.

It's not an attempt but it's always what he do.

Whether he said that he'll accept payment in Doge for a Tesla. There will be an increase but that's just temporary, unlike bitcoin. Even if he keeps on telling something bad about it.

The effect is very tiny and temporary too.

No one can destroy bitcoin even the richest man on earth but Elon can still create some hype on his altcoin/s despite not a pro bitcoin. It's something different compared to Craig Steven Wright who is no longer cannot create a hype on his coin because although he did not hate bitcoin, but he lied that he is the real satoshi.

[ChiBitCTy]

This kind of thinking makes things worse for bitcoin, we overthink too much when it comes to this kind of thing, plus he's not the person that we should listen to right? Aren't we already done with all the stuff he did back then?

Those crypto users who only relies on his tweet should think by now if they’re gaining profit whenever they follow him or not. He have many followers due to his inventions and projects that may attract them to enter crypto.  There are more new crypto users each day and some of them maybe where got only into crypto because they read his tweet and follow him. It can be considered charge to experience as these users who just joined by his influence will strive harder to learn crypto more when their investment dump since they will eant to recover their losses. It’s his way to attract more users with his own benefits.

Well the funny thing about his followers is that the majority of them don’t seem to understand that he’s not actually the genius they thought he was/is. He didn’t create/invent PayPal nor did he crate or invent Tesla. He isn’t the one creating rockets at space x either. If you listen to what he says about bitcoin you can tell the guy has no idea what he’s talking about.

[livingfree]

Another attempt to hype DOGE again, sorry but it's not happening anymore, DOGE price trend is going down and there's no way Elon Musk could save Doge downtrend even if he hypes it regularly. Bitcoin ===> DOGE, that's a fact and any coin cannot stand against bitcoin in terms of competition.

It's not an attempt but it's always what he do.

Whether he said that he'll accept payment in Doge for a Tesla. There will be an increase but that's just temporary, unlike bitcoin. Even if he keeps on telling something bad about it.

The effect is very tiny and temporary too.

No one can destroy bitcoin even the richest man on earth but Elon can still create some hype on his altcoin/s despite not a pro bitcoin. It's something different compared to Craig Steven Wright who is no longer cannot create a hype on his coin because although he did not hate bitcoin, but he lied that he is the real satoshi.

He can make hype.

That's for sure but it's just temporary.

You see how he made dogecoin on its all time high and now it seems hanging and no more push for the increase on its price.

[amishmanish]

Elon again..

Ok, that tweet was from Jack, who is staunchly Pro-bitcoin (even bitcoin maximalist) about ETH being centralized and under the influence of VCs.

In comes this Doge clown with his claims about Doge being special and decentralized (which it clearly isn't based on the richlist).

Now that Doge was mentioned, Elon had to have his fun by trying the pump and getting his tiktok army excited and hopeful again. That one tweet is enough to revive the sagging morale and make another few of them buy and pump it, Which the smart ones will again dump to cash in on Musk's idiosyncracy as long as they can.

Everyone in Bitcoin goes through this phase about resenting the so-called nouveau rich of Bitcoin. Elon is clearly going through that same phase where he thinks that he should have been the one to re-define internet's currency after Paypal. This didn't happen so his Bitcoin prejudice is pretty much just an unfulfilled desire.

[icopress]

Elon again..

Yeah, I thought about the same ... so if you want, choose any answer from this list.  

[1] It's because ... ^{[Elon Musk has nothing to blame other than his frivolous behavior on Twitter]}.
[2] Is Elon fired yet? ^{[I can't wait for the board of directors to show Elon his place, indicating how easy it is to remove him from the CEO position]}.
[3] Musk faces a lawsuit based on Twitter manipulation ^{[Elon Musk can afford to write another 10к tweets within his budget]}.

Considering how fast he is expanding his Twitter audience, I'm pretty sure he doesn't care about penalties, (not to mention the fact that penalties against him are unlikely for political reasons). It is likely that a t'marketing agency is behind Elon's account, whose actions simply save billions of dollars in marketing dollars, (organic reach rules) ... or have you forgotten how Musk sent the car into space?

[taufik123]

Another attempt to hype DOGE again, sorry but it's not happening anymore, DOGE price trend is going down and there's no way Elon Musk could save Doge downtrend even if he hypes it regularly. Bitcoin ===> DOGE, that's a fact and any coin cannot stand against bitcoin in terms of competition.

Slowly DOGE has no power. this is not the time, Elon Musk might just give a statement about DOGE without thinking about the impact for DOGE. the downtrend will continue.
Elon Musk tweet will increase DOGE instantly, but will return to the original price.
Bitcoin is still unstable and other altcoins will be disrupted too.

[Victorik]

Well, it is his business what he says. I think he is just tryna promote doge coin the best possible way he can, and it seems not to be working for him at the moment with dogecoin. Maybe a lot of persons are not really seeing the use of buying that token.

[AakZaki]

Those crypto users who only relies on his tweet should think by now if they’re gaining profit whenever they follow him or not. He have many followers due to his inventions and projects that may attract them to enter crypto.  There are more new crypto users each day and some of them maybe where got only into crypto because they read his tweet and follow him. It can be considered charge to experience as these users who just joined by his influence will strive harder to learn crypto more when their investment dump since they will eant to recover their losses. It’s his way to attract more users with his own benefits.

some new users did take advantage of Elon Musk's tweets and hoped DOGE would go up thousands of percent. But the fact is that currently all altcoins are bearish and this is due to the unstable price of bitcoin.
some people also take advantage of elonmusk's status about DOGE to get a lot of advantages. Elon is indeed very influential because he has many followers. Elon holds strong Fundamentals for DOGE and other coins mentioned in his tweet.

[Shasha80]

Another attempt to hype DOGE again, sorry but it's not happening anymore, DOGE price trend is going down and there's no way Elon Musk could save Doge downtrend even if he hypes it regularly. Bitcoin ===> DOGE, that's a fact and any coin cannot stand against bitcoin in terms of competition.

Slowly DOGE has no power. this is not the time, Elon Musk might just give a statement about DOGE without thinking about the impact for DOGE. the downtrend will continue.
Elon Musk tweet will increase DOGE instantly, but will return to the original price.
Bitcoin is still unstable and other altcoins will be disrupted too.

Since Dogecoin reached ATH 8 months ago, the price of Dogecoin has been steadily falling, even now the price of Dogecoin has fallen 76%
from the ATH price. So whatever Elon Musk says on twitter about Dogecoin, it's unlikely to make Dogecoin go up again to the ATH price.
Because many people have realized, the increase in Dogecoin is indeed due to manipulation by Elon Musk. Even Dogecoin prices can drop
even lower if Bitcoin prices are still unstable, so Dogecoin is not the right choice for investment. Maybe only newbies who have no knowledge of
the crypto world and Elon Musk followers will buy Dogecoin right now.

[Kasabus]

Another attempt to hype DOGE again, sorry but it's not happening anymore, DOGE price trend is going down and there's no way Elon Musk could save Doge downtrend even if he hypes it regularly. Bitcoin ===> DOGE, that's a fact and any coin cannot stand against bitcoin in terms of competition.

Slowly DOGE has no power. this is not the time, Elon Musk might just give a statement about DOGE without thinking about the impact for DOGE. the downtrend will continue.
Elon Musk tweet will increase DOGE instantly, but will return to the original price.
Bitcoin is still unstable and other altcoins will be disrupted too.

Since Dogecoin reached ATH 8 months ago, the price of Dogecoin has been steadily falling, even now the price of Dogecoin has fallen 76%
from the ATH price. So whatever Elon Musk says on twitter about Dogecoin, it's unlikely to make Dogecoin go up again to the ATH price.
Because many people have realized, the increase in Dogecoin is indeed due to manipulation by Elon Musk. Even Dogecoin prices can drop
even lower if Bitcoin prices are still unstable, so Dogecoin is not the right choice for investment. Maybe only newbies who have no knowledge of
the crypto world and Elon Musk followers will buy Dogecoin right now.

If you aim for profits, then you should not invest in Dogecoin in the first place. Because a coin without real purpose will never be profitable and will only end up being undervalued or being a dead coin. And i think even newbies nowadays have become smarter already that they always choose bitcoin and strong altcoins over those new and weak projects. So Elon could never make it again if he wished to hyped Dogecoin in the second time around because its value is already experiencing a downfall.

[arwin100]

Another attempt to hype DOGE again, sorry but it's not happening anymore, DOGE price trend is going down and there's no way Elon Musk could save Doge downtrend even if he hypes it regularly. Bitcoin ===> DOGE, that's a fact and any coin cannot stand against bitcoin in terms of competition.

Slowly DOGE has no power. this is not the time, Elon Musk might just give a statement about DOGE without thinking about the impact for DOGE. the downtrend will continue.
Elon Musk tweet will increase DOGE instantly, but will return to the original price.
Bitcoin is still unstable and other altcoins will be disrupted too.

Since Dogecoin reached ATH 8 months ago, the price of Dogecoin has been steadily falling, even now the price of Dogecoin has fallen 76%
from the ATH price. So whatever Elon Musk says on twitter about Dogecoin, it's unlikely to make Dogecoin go up again to the ATH price.
Because many people have realized, the increase in Dogecoin is indeed due to manipulation by Elon Musk. Even Dogecoin prices can drop
even lower if Bitcoin prices are still unstable, so Dogecoin is not the right choice for investment. Maybe only newbies who have no knowledge of
the crypto world and Elon Musk followers will buy Dogecoin right now.

If you aim for profits, then you should not invest in Dogecoin in the first place. Because a coin without real purpose will never be profitable and will only end up being undervalued or being a dead coin. And i think even newbies nowadays have become smarter already that they always choose bitcoin and strong altcoins over those new and weak projects. So Elon could never make it again if he wished to hyped Dogecoin in the second time around because its value is already experiencing a downfall.

Crazy investors invest with doge for long term and for sure they will cry later on once Elon mus abandon this coin in future, we already know him as grand manipulator so its crazy for people to play on fire what Elon set. That's why its good not to listen on his manipulation technique's since we already know how strong bitcoin is even without his presence.

[hd49728]

Crazy investors invest with doge for long term and for sure they will cry later on once Elon mus abandon this coin in future, we already know him as grand manipulator so its crazy for people to play on fire what Elon set. That's why its good not to listen on his manipulation technique's since we already know how strong bitcoin is even without his presence.

Elon won't abandon Dogecoin soon because his power is still big. When he realizes that there are more big investors come to Dogecoin and his power is smaller, he might reduce his shill and tweet about Dogecoin. Nevertheless, I don't think Elon will completely abandon Dogecoin if he still has investment in crypto.

It is magic of attraction in crypto market. When you love a coin and it brings huge profit to your portfolio, sooner or later you will buy it back. Dogecoin has good survival and it is another plus point that Elon will not leave it. I think using the term abandon is not accurate because Elon does not involve in any development of Dogecoin project.

[Finestream]

Those crypto users who only relies on his tweet should think by now if they’re gaining profit whenever they follow him or not. He have many followers due to his inventions and projects that may attract them to enter crypto.  There are more new crypto users each day and some of them maybe where got only into crypto because they read his tweet and follow him. It can be considered charge to experience as these users who just joined by his influence will strive harder to learn crypto more when their investment dump since they will eant to recover their losses. It’s his way to attract more users with his own benefits.

some new users did take advantage of Elon Musk's tweets and hoped DOGE would go up thousands of percent. But the fact is that currently all altcoins are bearish and this is due to the unstable price of bitcoin.
some people also take advantage of elonmusk's status about DOGE to get a lot of advantages. Elon is indeed very influential because he has many followers. Elon holds strong Fundamentals for DOGE and other coins mentioned in his tweet.

I agree that Elon is definitely a great influencer of all time. But it cannot change the fact that a lot of his old followers are now taking another path and stops to follow his tweets because they realized that Elon is only here for his own desires of profits and not to really help new investors. So even if he plans to hype Dogecoin again, its value will never be the same again, it may skyrocket but not that high anymore. And dogecoin will never beat bitcoin in the long run, as a joke coin will never replace a dominant coin.

[Fortify]

Once again Elon Musk is in the news in relation to bitcoin/cryptocurrency and once again he’s proving he’s full of shit. Personally I can’t figure out if he’s just that ignorant when it comes to cryptocurrency, because he has said a whole lot of stupid stuff in relation to it, or if it’s just manipulation, which we all know he’s very good at. Overall I think it’s a mix. I believe he likes the Proof of Stake aspect being that it gives the largest wallets an advantage. Which is exactly what he’s arguing against here..oh the irony.

What are your thoughts?

Think you know Elon? Maybe not as much as you think .. https://youtu.be/c-FGwDDc-s8

I'm no fan of Elon, but just because he talks up Dogecoin does not mean he is disparaging Bitcoin. He is free to choose whatever cryptocurrency he prefers and in reality Dogecoin does have a much more prosperous future. I doubt even Satoshi would want the world to be stuck in the "Bitcoin is the only way" mentality that some people around here seem to believe. Decentralized currency is a very powerful thing, but the first iterations of anything are usually full or flaws and weaknesses. Bitcoin has held up fairly well and that is great for modelling the concept, but there are still many ways it can be improved - which may be taken up by others. 21 million coins is a rather huge limitation when it comes to global commerce, no matter how many decimal places you might have.

[OgNasty]

Sure, dogecoin is ass, but at least it's useable at scale without some...*bites tongue.  Elon doesn't give a shit what developers or maximalists think...  Bitcoin has lost it's way.  It's obvious to anyone who is impartial.  The hilarious (it's more digestible to laugh then cry) thing is how a decentralized p2p currency became a store of value and those in control can't seem to figure out why there's suddenly a trillion dollar altcoin market... 

Elon is right.  About all his criticisms of Bitcoin.  He's also using Bitcoin as intended by it's current developers, as a store of value.  Don't be mad at him.  He's saying and doing exactly what a rational person would say and do when faced with the reality of what Bitcoin is and how it's being marketed to the masses.

[laurenB7742]

Sure, dogecoin is ass, but at least it's useable at scale without some...*bites tongue.  Elon doesn't give a shit what developers or maximalists think...  Bitcoin has lost it's way.  It's obvious to anyone who is impartial.  The hilarious (it's more digestible to laugh then cry) thing is how a decentralized p2p currency became a store of value and those in control can't seem to figure out why there's suddenly a trillion dollar altcoin market... 

Elon is right.  About all his criticisms of Bitcoin.  He's also using Bitcoin as intended by it's current developers, as a store of value.  Don't be mad at him.  He's saying and doing exactly what a rational person would say and do when faced with the reality of what Bitcoin is and how it's being marketed to the masses.

Right, Doge father is spreading shade at Bitcoin but he doesn't say anything about his shitcoin, Lol.. 

people who invested in Dogecoin for Elon influence are now they are beggars of the path,
I don't know how can he give any statement about Bitcoin instead of giving news about Dogecoin, is he shameless or something?
This influencer should be socially boycotted. They are playing with the faith of the people and scammed huge money.
His misdeeds have created a lot of negative perceptions in people's minds about cryptocurrency.

[stadus]

Sure, dogecoin is ass, but at least it's useable at scale without some...*bites tongue.  Elon doesn't give a shit what developers or maximalists think...  Bitcoin has lost it's way.  It's obvious to anyone who is impartial.  The hilarious (it's more digestible to laugh then cry) thing is how a decentralized p2p currency became a store of value and those in control can't seem to figure out why there's suddenly a trillion dollar altcoin market... 

Elon is right.  About all his criticisms of Bitcoin.  He's also using Bitcoin as intended by it's current developers, as a store of value.  Don't be mad at him.  He's saying and doing exactly what a rational person would say and do when faced with the reality of what Bitcoin is and how it's being marketed to the masses.

Right, Doge father is spreading shade at Bitcoin but he doesn't say anything about his shitcoin, Lol.. 

people who invested in Dogecoin for Elon influence are now they are beggars of the path,
I don't know how can he give any statement about Bitcoin instead of giving news about Dogecoin, is he shameless or something?
This influencer should be socially boycotted. They are playing with the faith of the people and scammed huge money.
His misdeeds have created a lot of negative perceptions in people's minds about cryptocurrency.

I guess Elon, being a big influencer, brings a lot of confusion and hope to those who are believing in him. But for those who know Elon already, they are just being quiet and just keep on ignoring Elon as he can't do anything to manipulate the market now.

If he is making this tweet for Dogecoin, his tweets are definitely not effective anymore. His followers are already overcome by his haters so probably, Elon may still continue to create FUDs but people are already smart enough not to believe and follow him.