Doge coin in trouble?

[Natalim]

I don't think DOGE could be in trouble because of Elon Musk. Most likely any altcoin is in trouble right now because of market decline, so DOGE will not fall more than other coins. Well Musk has had a lot of complaints for a long time now, and DOGE is the easiest of them all. In fact, it wouldn't be a bad thing to hold him accountable.

Doge and Elon Musk? They are certainly in big trouble because of encouraging people to invest with this meme coin. It is so many times that Elon Musk hyped Doge and many people got tricked also, several times they fall giving losses to the investors. I think it was enough for them, I hope this is not just a rumor but it is supposedly the time to stop Elon Musk from participating in crypto and promoting Doge. They actually not helping anymore but sadly, a reason for losses.

[1715010215]

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[danherbias07]

It's the normal thing, to blame others for your own mistakes.
When did Bitcoin and Ethereum investors blame Satoshi and VB for buying their discovered projects/coins? It's an investment with high risk and just because EM was the face of the Doge now doesn't mean he owns it.
I am just amazed at how they can waste more money to sue him after wasting so much at buying Doge and being rekt afterward.
Rich people. I can't understand them. 

[bestcoins1]

I came across a news today that Elon Musk was sued for pumping doge coin and rumour of the pyramid scheme in doge coin isnt very clear to me yet, if you want to read the news here you go

https://www.bloomberg.com/news/articles/2022-06-16/musk-tesla-spacex-are-sued-for-alleged-dogecoin-pyramid-scheme

Why blame someone just for being able to create a pump and not being able to maintain it properly? I personally don't want to blame Elon Musk just because he is able to pump Dogecoin but is not able to maintain it properly and I think that is a very reasonable thing because Dogecoin does not belong to Elon Musk even though he himself has been called the father of Dogecoin, but still it's just a word that was born by many people because basically he didn't create Dogecoin, but just pumped it into the market. So what's wrong with that ?

[asyakashi]

What happened to dogecoin when they had ATH I think is very unnatural. Why would someone as rich as Elon Musk want to spend most of their support on a coin that their core team is no longer developing? I think there is indeed something bad about this, nor am I following the dogecoin trend because until now dogecoin is still a meme coin as a community coin not a long term utility.

[ice18]

Lol blaming Elon for their own stupidity no one told them to buy and now they are crying because of this bear market sell off, If you are a wise investor you will not easily fall from Elons words and you know how risky to enter crypto.      

[super bako]

It's the normal thing, to blame others for your own mistakes.
When did Bitcoin and Ethereum investors blame Satoshi and VB for buying their discovered projects/coins? It's an investment with high risk and just because EM was the face of the Doge now doesn't mean he owns it.
I am just amazed at how they can waste more money to sue him after wasting so much at buying Doge and being rekt afterward.
Rich people. I can't understand them. 

I agree with you, Elon Musk doesn't ask to buy, just makes a tweet. thinks it's a good potential for people, it's just that he has a big name for the world and people who think that tweeting a way for a crypto to go up is not quite right. I don't think the price increase is not only Elon Musk that makes it but many other investors

[sakil200]

The price of Dogecoin may go up in 2028
Each year, cryptocurrency experts prepare forecasts for the price of Dogecoin. The average cost per year is expected to be around 1.01.

[aioc]

People are so stupid to blame others for their losses, investing in Cryptocurrency should be your decision based on the what it can give to the community and not from a tweet from one guy, its your own fault if you believe in the tweet and hype, if there are people who lose their investment, there's also a lot of people who made a lot when Dogecoin is pumping, the Crypto market is very volatile if you blame others for your losses, you should not dip on it.

[Kopetunto]

trouble? to be honest I don't see Dogecoin having a problem, instead I see support for Dogecoin,
yes it is support from Elon Musk, why be afraid if you have Hold Doge from 2019 or 2020 it's time to relax,
and maybe you can set it aside for the long term.

[Teraboy]

This matter of suing elon for dogecoin just gonna be a bygones, in 1 week none of us gonna care in regard of this news at all because it's just silly for blaming other people for their own losses.
elon even never really recommended anyone to invest in doge, he just supporting it and nothing more, also, most of the time it's the masses that randomly interpret the meaning behind elon's tweet as if it's the sacred investment advice.

[Wexnident]

Maybe it's time I blame my landlord for giving me a room that doesn't make me win the lottery   . Kidding aside, it's dumb to blame someone for dumb investment stuff that we did. Did Elon even specifically say in one of his tweets that he wanted people to buy DogeCoin since it's a good investment even? I don't really follow him so I'm not sure, but I am familiar with him saying that they accept Doge and it was better as a payment compared to Bitcoin.

Well I don't think Doge or Elon would get in trouble here, investing in the crypto market is all about taking the risk to your own. Heck they wouldn't be complaining now if Elon indeed manipulated the market and they profited now would they.

[fuguebtc]

I don't think DOGE could be in trouble because of Elon Musk. Most likely any altcoin is in trouble right now because of market decline, so DOGE will not fall more than other coins. Well Musk has had a lot of complaints for a long time now, and DOGE is the easiest of them all. In fact, it wouldn't be a bad thing to hold him accountable.

Doge and Elon Musk? They are certainly in big trouble because of encouraging people to invest with this meme coin. It is so many times that Elon Musk hyped Doge and many people got tricked also, several times they fall giving losses to the investors. I think it was enough for them, I hope this is not just a rumor but it is supposedly the time to stop Elon Musk from participating in crypto and promoting Doge. They actually not helping anymore but sadly, a reason for losses.

Doge is just a meme and it really gets attention when it is shilling by Elon, if Elon gives up doge then it is true that bad things will happen to doge and it will return to the real value of a memecoin.
As for Elon, he abuses his popularity to hype the doge, but buying the doge is up to you, so you can't blame others when you lose your investment. Crypto investing is very risky and governments are warning and even many countries still don't have enough laws to protect investors, so you have to take responsibility for your own actions instead of losing money blame others. The money is in your pocket, he doesn't put a knife to your neck forcing you to invest.

[Xal0lex]

I came across a news today that Elon Musk was sued for pumping doge coin and rumour of the pyramid scheme in doge coin isnt very clear to me yet, if you want to read the news here you go

A logical finale to the blatant manipulation that has been going on since 2020. If the court takes the accuser's side, DOGE will have a very difficult time, because the main catalyst for growth, represented by Ilon Musk, will no longer PR the coin and pump up the price with his tweets. It is surprising that back in 2021, no one seriously took up this manipulation of DOGE and did not bring Musk to serious responsibility.

[lalabotax]

Every time I read tweet by Elon or every time I know a news from him, it will be related to certain coins, Doge especially. Well, this may work at the past time. But in fa t, this doesn't work at all right now. Many cases give certain influence to the crypto world. Some people may still be influenced by the news. But many have been aware of what to believe and what to stay calm.
Doge may rise and down like other altcoins. Only with certain big case it may be able to rise up again, but not as much as previous.

[crzy]

I came across a news today that Elon Musk was sued for pumping doge coin and rumour of the pyramid scheme in doge coin isnt very clear to me yet, if you want to read the news here you go

https://www.bloomberg.com/news/articles/2022-06-16/musk-tesla-spacex-are-sued-for-alleged-dogecoin-pyramid-scheme

This is a meme token, what can we expect from this?
Though Elon really did make some tweet hyping this project, since he is a big guy most probably he is responsible for his every tweet especially on hyping a not so good project. Well, let’s see if this will continue since we know once you have the money you can settle everything, but this is good initiative and a wake up call. DOGE will remain a useless token for me.

[Yogee]

....
DOGE will remain a useless token for me.

It's a coin.

....
I am just amazed at how they can waste more money to sue him after wasting so much at buying Doge and being rekt afterward.

That's a $258 Billion lawsuit so the complainant has a lot to gain if Elon is found guilty of manipulation. I don't think that amount will be granted by the court but I bet it will still be substantial if they win.

Not trying to throw anything here but the timing of this move doesn't look good. It came after the most watched trial case involving a girl that's he's in a relationship with.

[Psynthax]

memecoins in general are honestly just a pyramid scheme and nothing more. So it's kinda obvious that at some moment someone might sue it for incurring loss towards many's investment.
but I doubt doge gonna be in trouble since I'm sure that many before hand have understanding that shitcoin could always incur losses, that's the reason it was considered as risky investment since the volatility is higher than average.
So basically this is just a normal thing that someone feels they are getting wronged and deceived although elon himself never pursue anyone to invest in doge.

[Yamifoud]

The issue is getting hotter on social media since Elon Musk is a known person. It really get the attention of the public and the majority had already known this. But what gives me more exciting is to see how these Dogecoin holders think about it or decided to sell their coins at this time. I'm pretty sure this will create panic and worries for them, and most likely, this will help to dump their price even more.

This is the thing I've worried about, someone involved in a hype causing major losses to the investors will hold responsible for it and this is what it happen to Elon Muck. He does too much to Doge and takes all the blame, that's the consequence.

[keyscore44]

I came across a news today that Elon Musk was sued for pumping doge coin and rumour of the pyramid scheme in doge coin isnt very clear to me yet, if you want to read the news here you go

https://www.bloomberg.com/news/articles/2022-06-16/musk-tesla-spacex-are-sued-for-alleged-dogecoin-pyramid-scheme

In my opinion, this is complete nonsense, and someone is just trying to become famous for suing Elon Musk. DOGE is a decentralized coin that has its own blockchain, so it's obvious that it can't have anything to do with a financial pyramid. This lawsuit will end after the first hearing in which blockchain expert will be called.

[5W-KILO]

The highest that could happen is doge coin losing significant value just like many altcoins due to bear market and as for elon musk getting sued this is simply stupidity from the accuser, doge coin performs just like other altcoins, if anyone like Elon invested such big-money on other altcoin in the market it will surge as high as doge coin did, this is 100% normal.