Doge coin in trouble?

[fzkto]

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.

Neither DOGE nor Elon will have any problems because of the shilling and the pump. You can also blame CNBC for telling people how to buy Ripple at $3 at the peak in 2017, after which the price dropped 10x. Elon is a manipulator, no doubt, but he did not commit any crime by talking about DOGE on twitter. It is your choice to follow the tweets or not.

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[Gayong88]

The DOGE Coin has huge potential, but a lot of space for errors. We will see how it will change in the future and whether it will become a currency used by many people. With the DOGE case today, it proves that the increase in crypto prices depends on demand and supply and if we look at DOGE the supply is unlimited and now there are 128 billion coins circulating in the market but how come the price can go up?

One more thing for the DOGE-1 mission to be postponed to summer 2022 maybe around August - September, this is the analysis from various DOGE analysts. We wish Elon a long life, good health, and success for his children so that they can become DOGE's successors in the future.

[BlackBaron]

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

I think Keith Johnson's lawsuit against Elon Musk, legal record, from the articles I read the points I got stated.

“Defendants falsely and deceptively claim that Dogecoin is a legitimate investment when it has no value at all,” Johnson said in his complaint, filed Thursday in federal court in Manhattan.

It can be concluded that Elon Musk only said Doge was an investment, Elon Musk did not deceive Keith in this case, he should have known the investment risks, why Keith trusted Elon, it seems like a case of legal defects.

[raidarksword]

That's what they got from buying at the FOMO and crypto is very risky, they cannot blame elon for that because he is also investors to crypto especially to doge coin. Crypto is a very risky business that's why influencers or big names like Elon never suggests for financial advices. Doge coin will survive though and we have bearish market, so it is expected for the price to go down.

[Kunnu]

Mr. Musk is a smart person who knew very well that promoting Doge coin indirectly is not going to create any trouble for him in future and I don't think in this case he is going to face any kind of problem as we know that we are responsible for our investments in crypto so blaming someone after facing the loss doesn't make any sense after all Mr. Musk didn't say that invest in Doge coin, it was the people who has fallen in hype and invested in Doge coin when it was on full peak, some were lucky and some were unlucky it was just a matter of time. It happens in crypto there is no need to blame anyone we are responsible for our decisions.

[Wildwest]

Suing an Elon must is indeed a very crazy thing, because in being able to do anything with the wealth he currently has, but for the issue of doge coins is indeed very influential with Elon must since he holds the coin and many investors feel that doge coins are gems for the future, but I have doubts about this because currently there are still many shortcomings in the project even though there is already a handle on people who are very influential.

[SaveOurSea]

Suing an Elon must is indeed a very crazy thing, because in being able to do anything with the wealth he currently has, but for the issue of doge coins is indeed very influential with Elon must since he holds the coin and many investors feel that doge coins are gems for the future, but I have doubts about this because currently there are still many shortcomings in the project even though there is already a handle on people who are very influential.

It's crazy and a waste of time if you really want to sue Elon Musk considering the wealth he has is so insane that it would be a waste because he can do anything and it seems so,
talking about doge coin I think we need to see it in the long term and his team need to do something so that every investor doesn't hesitate,
we'll see in the future what the development of this doge coin will be

[udidrone]

It is undeniable that Elon Musk can manipulate coin prices just by tweet on his social media, actually I don't think he's completely wrong, because people's dependence on his words is very influential. The cryptocurrency industry has changed since the entry of some big names like elon musk, because often the price of coins has decreased when criticized by elon musk. Looks like it was manipulated

[FrozenBit]

It is undeniable that Elon Musk can manipulate coin prices just by tweet on his social media, actually I don't think he's completely wrong, because people's dependence on his words is very influential. The cryptocurrency industry has changed since the entry of some big names like elon musk, because often the price of coins has decreased when criticized by elon musk. Looks like it was manipulated

For those who have not been affected or made a profit, they will have many reasons to complain about Elon Musk's actions, but for many market participants, they are just buying without knowing the risks involved. The blame always happens. I see Elon Musk both playing the role of a victim as well as a manipulator in this space. The fact that he knows himself as someone who will cause huge waves and is always looking to shill dogecoin publicly. For those who have been in this market for a long time, there is a view of Dogecoin as a game, and the fanatics are only talkative and impractical about its future.

[reza7777]

hahaha, I laughed to myself when I saw the news.. I'm also confused about whether to say "Keith Johnson" is stupid or what! if there is such a decision then everyone will also sue satosi nakamoto and Vitalik Buterin right!!

[zasad@]

"It's better to work as a clown for fagots than to work as a fag for clowns."(C)
This is what happens to Elon and his coin. And this situation will continue for a long time, when the price of a coin changes greatly from the posts on Twitter of one person.

[barbara44]

There isn't any "ponzi scheme" or whatever people think, there is no pyramid, nothing of foul play. The only reason this is done is the fact that Elon is an idiot, who doesn't understand how financial system works.

Just a few years ago, he made a joke about "rebuying all tesla stock at 420,69" which is basically 420 is a weed related joke and 69 is... well you know 69 but at the time the price was much much lower of course, which meant that he was speculating the market and making people lose because even if just one single person bought tesla stock with the opens of selling it at his joke price, then it was illegal. Same could be said about what he did with doge, and that is why he is in legal trouble again. He doesn't understand that you can't joke about financial markets, it doesn't work like that.

[virasisog]

It is undeniable that Elon Musk can manipulate coin prices just by tweet on his social media, actually I don't think he's completely wrong, because people's dependence on his words is very influential. The cryptocurrency industry has changed since the entry of some big names like elon musk, because often the price of coins has decreased when criticized by elon musk. Looks like it was manipulated

He won't manipulate people if they wouldn't allow him. The thing is, some investors listen and believe in his shillings and remarks about Doge coin without noticing that he's already manipulating it. Elon Musk does it for the benefit of his own business and it's all about money. Those who listen to him are people who don't do their own research and just rely on hypes.

[bestcoins1]

hahaha, I laughed to myself when I saw the news.. I'm also confused about whether to say "Keith Johnson" is stupid or what! if there is such a decision then everyone will also sue satosi nakamoto and Vitalik Buterin right!!

I also don't understand the mindset of people blaming Elon Musk, even though when there is a good pump on Dogecoin almost everyone praises Elon Musk and I think "Keith Johnson" is also one of the people who praise Elon Musk. And about taking a loss in the current market conditions I think it's a natural thing and has absolutely nothing to do with Elon Musk even though he was able to pump up Dogecoin in the past. Because any pump on cryptocurrencies cannot be made alone, so when there is a price drop, everyone who belongs to a community like Dogecoin should also take care of it very well even though it is not an easy thing.

[dogemoon]

obviously justice is not going to condemn Elon in any case, since it would set a precedent by which all those who made positive comments about bitcoin could be sued

it could happen that when dogecoin reaches 1 dollar Elon sue Keith Johnson for slander or libel

[amihada]

Did I see that the DOGE coin crashed so Elon Musk can blame it? I wonder if Elon Musk asked you to invest in Coin Doge? Aren't you following Elon Musk at your own pace and when the Coin Doge price drops and you blame Elon Musk, is that a fair move?

[udidrone]

It is undeniable that Elon Musk can manipulate coin prices just by tweet on his social media, actually I don't think he's completely wrong, because people's dependence on his words is very influential. The cryptocurrency industry has changed since the entry of some big names like elon musk, because often the price of coins has decreased when criticized by elon musk. Looks like it was manipulated

He won't manipulate people if they wouldn't allow him. The thing is, some investors listen and believe in his shillings and remarks about Doge coin without noticing that he's already manipulating it. Elon Musk does it for the benefit of his own business and it's all about money. Those who listen to him are people who don't do their own research and just rely on hypes.

Yes, that's what I mean. After a correction occurred for the price of doge, the public accuses Elon of being the main cause of the decline in doge prices in the market. I have seen this for a long time that what is being done is for the benefit of Elon Musk's business and to increase the prestige of his products like Tesla for example. And what Elon Musk has done is successful and has an impact on the market

[makishart]

It's not a pyramid scheme but basically sometime people were accusing elon for pumping doge coin and they can't even prove it. I meant this accusation will be coming once crypto enter into the bearish market. People are being frustated to see their portfolios are nothing from day to the another day.
These days sentiment is so unpredictable and that's why some people became even so mad caused by that. They were starting to think about various theories that were not even true story.
Those people are so mad

[Z390]

Any court of law that welcomes this accuser is lame, its easier to see that this accuser only want money and also Dogecoin is decentralised and thank God for that, this would have turned into something else, also thank God Elon isn't part of the team at all, he just made a pick from top 10 coins lol.

[kesmex]

As far as I know there is no problem with Dogecoin, if we all look at coinmarketcap also Doge is still in the top 10,
we know Doge is not a Meme coin, but more like Bitcoin, and what is very interesting about Doge is,
they will be used by Tesla to go to the moon, this is what makes me sure Doge will also go to the moon