Dogecoin Spikes 10% After News Of Musk's $3B Stake in Twitter

[FrozenBit]

If Elon Musk didn't care about Dogecoin price, his tweets would never have anything to do with this project. I don't understand what the buyout of Twitter shares has to do with DOGE, but a 10% increase means it has to have something to do with it. I think meme coins will start pumping again this year.

If I remember correctly, the process of starting to push the price was discontent with traditional financial products related to the SWB incident, and Dogecoin was almost the name of choice for the crazy joke. Prior to that, the $1 target was a look for many hoping Elon Musk could make a difference, since Elon Musk's interest in crypto makes me feel like he's a meme in this space.

[sovie]

If Elon Musk didn't care about Dogecoin price, his tweets would never have anything to do with this project. I don't understand what the buyout of Twitter shares has to do with DOGE, but a 10% increase means it has to have something to do with it. I think meme coins will start pumping again this year.

If I remember correctly, the process of starting to push the price was discontent with traditional financial products related to the SWB incident, and Dogecoin was almost the name of choice for the crazy joke. Prior to that, the $1 target was a look for many hoping Elon Musk could make a difference, since Elon Musk's interest in crypto makes me feel like he's a meme in this space.

There is a lot of speculation about this, but I also believe that Elon Musk tweets about Dogecoin were just a joke. Actually, like the whole idea of creating this meme coin.
It is very possible that Elon Musk did not expect that what he was doing could suffer such huge consequences. Now it has turned into some kind of mania and everything Elon Musk is doing is making the Dogecoin price go up.

[wxa7115]

If Elon Musk didn't care about Dogecoin price, his tweets would never have anything to do with this project. I don't understand what the buyout of Twitter shares has to do with DOGE, but a 10% increase means it has to have something to do with it. I think meme coins will start pumping again this year.

If I remember correctly, the process of starting to push the price was discontent with traditional financial products related to the SWB incident, and Dogecoin was almost the name of choice for the crazy joke. Prior to that, the $1 target was a look for many hoping Elon Musk could make a difference, since Elon Musk's interest in crypto makes me feel like he's a meme in this space.

There is a lot of speculation about this, but I also believe that Elon Musk tweets about Dogecoin were just a joke. Actually, like the whole idea of creating this meme coin.
It is very possible that Elon Musk did not expect that what he was doing could suffer such huge consequences. Now it has turned into some kind of mania and everything Elon Musk is doing is making the Dogecoin price go up.

At the end even if that was not his intention now almost everything that Musk does is somehow connected to dogecoin in some way or another by the people interested in the coin.

However while at the beginning I failed to see the connection with Musk buying so much Twitter stock and dogecoin the fact that Musk wants to buy all stocks of Twitter for a high price could lead to dogecoin being implemented in the website, which could make it go up in price, however it seems those at the very top do not really want to sell to Musk their stocks and they are taking steps to prevent a hostile takeover of Twitter by him.

[FrozenBit]

@sovie  @wxa7115
I agree with everyone because of what happened. Maybe those of us who joined earlier than the beginners now will have a more proper view of this coin. However, we also see the excitement that Elon Musk creates in the crypto market, I personally see memecoins as no different from how shillers spread MLM products, so it doesn't mean that putting money into this market also brings positive value to all. You can't blame Elon Musk because he brought a meme environment, but you also have to admit the mistake of approaching the market when knowledge as well as money without a good plan will make newcomers more lose.

[sana54210]

There is a lot of speculation about this, but I also believe that Elon Musk tweets about Dogecoin were just a joke. Actually, like the whole idea of creating this meme coin.
It is very possible that Elon Musk did not expect that what he was doing could suffer such huge consequences. Now it has turned into some kind of mania and everything Elon Musk is doing is making the Dogecoin price go up.

I agree, he is just a weird dude that likes to be boosted and this is what I have told all the time. Watch doge community starting to hate doge somehow and for some reason, you will see him turn on doge and start to bash it and say shit about it.

The only reason why he promoted it and tweeted about it was the fact that people bought after he tweeted and then loved him for increasing. Check under his tweets, you will see that there are thousands of people who write tweets similar to "I bought xxxx amount doge and now I have nothing left because of you!!" and he ignores all of that. Dude just liked the fact that he was loved and capable of increasing price of something.

[stepwilli]

@sovie  @wxa7115
I agree with everyone because of what happened. Maybe those of us who joined earlier than the beginners now will have a more proper view of this coin. However, we also see the excitement that Elon Musk creates in the crypto market, I personally see memecoins as no different from how shillers spread MLM products, so it doesn't mean that putting money into this market also brings positive value to all. You can't blame Elon Musk because he brought a meme environment, but you also have to admit the mistake of approaching the market when knowledge as well as money without a good plan will make newcomers more lose.

It is normal for us to feel this way, because we know the past of it and we are aware of the situation. This means that we shouldn't really be looking at something that is this much risky. Because, we have seen these things before, maybe newbies didn't live through these type of risky movements and that is why they have more confidence in it then we do, but at the end of the day we know what these type of investments could bring and that is why we are staying away from it.

Doesn't mean that nobody made any profit, I am sure that doge investors who got in early, and got out when it was around 70 cents did made a lot of money, but that type of risk doesn't really make it worth it to me.

[Joca97]

I think that o most everysingle thing that Elon Musk does effects the price of Dogecoin,for some reason he helps even the Dogecoin developers make the coin be usefull. It would be good if Twitter allows payments in Doge this would send the price skyhigh really fast and make Dogecoin again trending as it was couple of months ago.

[blockman]

These spikes are just temporary and it will be gone even before the day ends. Those scalp traders are the ones who makes the most from it and they're happily going to trade it and sell it eventually if they get 5% or 10% and even more by that time before it starts to drop again.
Well, those who have been holding dogecoin at the top. You're now feeling that there's a need for you to do something before you get more losses. It's either you sell or wait until it goes back to the past ATH which is unlikely.

[adaseb]

If you pull up a daily chart you can see that most of his pumps usually get faded, even when he announced that you can buy merch with doge coin.

I don’t think the bottom is in for doge yet. And I do this that 70 cents was indeed the all time high. The amount of miner revenue each day was just not sustainable for doge to go to like $5-10 a doge.

Supply released per day is just way too high.

[magneto]

This is getting absolutely insane now.

DOGE holders and other memecoin holders worship Elon to notice their projects.. And grasp at every straw as a sign that their chosen crapcoin is going to pump to the moon.

No, Twitter getting acquired has nothing to do with Dogecoin and Doge will never have any sort of real utility. Quit thinking like that. It is not going to work for the long term.

[nimogsm]

I saw the news today that Musk is already negotiating on Twitter and the price of doge reacted against the background of this event.However, this does not help the current price in any way.Doge fans see things that don't exist and won't happen, and Elon doesn't need doge.

[Cryptock]

I saw the news today that Max is already negotiating on Twitter and the price of doge reacted against the background of this event.However, this does not help the current price in any way.Doge fans see things that don't exist and won't happen, and Elon doesn't need doge.

Elon Musk likes to joke. In my opinion, he has not yet said the last word about DOGE. I also think that he will not invest in Dogecoin, because he is definitely interested in more serious projects, but I'm sure that only one tweet is enough and after such a long silence the DOGE price will shoot again x %%%

[barbara44]

This is getting absolutely insane now.

DOGE holders and other memecoin holders worship Elon to notice their projects.. And grasp at every straw as a sign that their chosen crapcoin is going to pump to the moon.

No, Twitter getting acquired has nothing to do with Dogecoin and Doge will never have any sort of real utility. Quit thinking like that. It is not going to work for the long term.

Unfortunately that has been going on for a while now. I do not know why people are like that, but I know that it is not healthy and it should be avoided as much as possible. Reality is that we are talking about something that is a bit worse because it is not really profitable right now, at least back in the day it was sort of profitable to worship him, still a bad idea but some people made some money.

Today it is not even profitable and people are just trying to find a reason to get into something and make money that way. Reality is that we are not going to really find a way to profit based on Elon tweets anymore, and people are just hopeless.

[andyou1234]

I think this is a very good opportunity to sell Dogecoin, I've been stuck with this memecoin for a long time, where a few months ago after I bought it the price dropped drastically, and if it's true the price has gone up, then I won't wait for it to go up  higher, and I won't waste time with memecoins, maybe now is the time for Elon to make a joke on his Twitter,,, I suggest you be careful with this increase,,,

[Cryptock]

I think this is a very good opportunity to sell Dogecoin, I've been stuck with this memecoin for a long time, where a few months ago after I bought it the price dropped drastically, and if it's true the price has gone up, then I won't wait for it to go up  higher, and I won't waste time with memecoins, maybe now is the time for Elon to make a joke on his Twitter,,, I suggest you be careful with this increase,,,

This is very risky game though!At one place the coin is in trouble and in the next place the coin trends - all the luck game! 
What have you decided then? - did you plan to sell them or are you still keeping it.

[lornadane]

I think this is a very good opportunity to sell Dogecoin, I've been stuck with this memecoin for a long time, where a few months ago after I bought it the price dropped drastically, and if it's true the price has gone up, then I won't wait for it to go up  higher, and I won't waste time with memecoins, maybe now is the time for Elon to make a joke on his Twitter,,, I suggest you be careful with this increase,,,

Yes you are right with the decision you made because the more we come here, the more we can see that Elon Musk has made jokes on Twitter.
So if the price of the doge coin pump returns even though it only increases by 50%, then just sell it don't keep it anymore.
Because when the price of Dogecoin bounces it will probably be even cheaper than it is now.

[lablab03]

Yes you are right with the decision you made because the more we come here, the more we can see that Elon Musk has made jokes on Twitter.
So if the price of the doge coin pump returns even though it only increases by 50%, then just sell it don't keep it anymore.
Because when the price of Dogecoin bounces it will probably be even cheaper than it is now.

we have seen that this meme coin is always fell like a rock for how many times now since from the start and many people lose confidence in it especially when it comes holding as it so easy to manipulate after the hypes.

So i don't think people will believe that because elon musk bought twitter, this project will keep improving as well and panic selling will not happen anymore. Nope i don't think so, its always too good to be true!

[Cryptock]

Yes you are right with the decision you made because the more we come here, the more we can see that Elon Musk has made jokes on Twitter.
So if the price of the doge coin pump returns even though it only increases by 50%, then just sell it don't keep it anymore.
Because when the price of Dogecoin bounces it will probably be even cheaper than it is now.

we have seen that this meme coin is always fell like a rock for how many times now since from the start and many people lose confidence in it especially when it comes holding as it so easy to manipulate after the hypes.

So i don't think people will believe that because elon musk bought twitter, this project will keep improving as well and panic selling will not happen anymore. Nope i don't think so, its always too good to be true!

Elon Mask is a very influential person and with the purchase of twitter his projects have got a new way.
That is how luck helps. Dogecoin owners must be very happy. I wish I would have some coins. The market is unpredictable. Hence proved.

[dunfida]

Yes you are right with the decision you made because the more we come here, the more we can see that Elon Musk has made jokes on Twitter.
So if the price of the doge coin pump returns even though it only increases by 50%, then just sell it don't keep it anymore.
Because when the price of Dogecoin bounces it will probably be even cheaper than it is now.

we have seen that this meme coin is always fell like a rock for how many times now since from the start and many people lose confidence in it especially when it comes holding as it so easy to manipulate after the hypes.

So i don't think people will believe that because elon musk bought twitter, this project will keep improving as well and panic selling will not happen anymore. Nope i don't think so, its always too good to be true!

Elon Mask is a very influential person and with the purchase of twitter his projects have got a new way.
That is how luck helps. Dogecoin owners must be very happy. I wish I would have some coins. The market is unpredictable. Hence proved.

Sometimes luck does really contribute out for someone to make out some profits out of these events or sentiments but in overall you cant rely on any news or events which is attached with these influential people in

the market and this is where risk taking would take place or depends into a certain individuals or investor.10% spike wasnt really that bad and its a good call for those who had bought earlier.

We know on how influential Musk is but each tweets and actions arent really getting much attention much nowadays.People are becoming more smarter or we are already get used to it.

[keyscore44]

Right now, every project, and basically everything Elon Musk touches, turns to gold. There is no doubt that the price of DOGE largely depends on what Musk writes on HIS Twitter account.
I wonder if he will soon write something about the new meme coin www.pussdao.com