Doge coin in trouble?

[eaLiTy]

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

There is no denying that Elon Musk created the hype all around Dogecoin and the entire meme coins started to rally because of the hype created by Elon Musk through his social media page and hence meme coins like Shiba Inu came into existence and there were many who entered the market simply because of the hype created by him, but to blame him for the loss is ridiculous as i cannot find any tweet that says to invest in it even though he was hyping them.

[Slow death]

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

from what i see since years the doge coin has always been a meme altcoin and now it has become an elon toy, or rather it has become the biggest pump and dump scheme, i don't know how people still don't realize how doge coin can be a dangerous investment. Imagine if one day elon criticizes dogecoin and sells all doge coins? the price of doge coin will suffer a big drop, so I wonder: how can this type of investment be considered good?

[fosco333]

lol, why did they sue elon musk ? We can't sue people just because we can't sell the coin with the price we want.
All Elon did is just make a tweet about Doge coin, and strangely many people bought the coin after that tweet. We should be ready to lose our money if we want to invest in crypto, our money is our responsibility, not other's.

[hZti]

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

Even the creator of Dogecoin says it is a Memecoin, what makes you think you can decide it is not a meme coin?

[Silberman]

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

Even the creator of Dogecoin says it is a Memecoin, what makes you think you can decide it is not a meme coin?

Correct, and the interesting part is that dogecoin has been a meme coin from the very beginning and it was declared as such, and since this is the case then I do not think there is too much of a case to try to accuse Elon of any crime, and if to this we add that Elon is someone that not only holds a  great fortune but that also has a lot of leverage even on the higher spheres of the government then I do not think anything is ever going to come from this lawsuit.

[Anonymous100]

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

If Elon Musk reads the news, maybe he will smile. Yesterday the giveaway in the name of Elon Musk re-appeared on Instagram stories automatically. We don't know who did it. It shows that everyone can do anything using someone's popularity. In fact, many cryptocurrencies that are emerging today also sell other people's names that are already popular without their knowledge.

[Doell]

The plaintiff should prove where he found "defendant's claim" as far as I know if there is no evidence the case will not corner for defendant. And it's just a blank paper, if the defendant wants to retaliate with this defamation case, it could make him richer and become a boomerang. According to the article, investor's losses a big funds, I wonder.

[Lubcub62]

A few days ago I also read news about a lawsuit directed against Elon Musk regarding the Doge Coin pump problem. However, on his twitter, Elon Musk even tweeted that he still fully supports doge. So I think Elon Musk is very relaxed about this problem. so that the doge coin even rose when the tweet from elon was written by elon. so i guess doge would be fine too.

[dogemoon]

I am surprised what people demand of a memecoin. If Dogecoin were worth a dollar, its capitalization would be the same as Ethereum.

Elon said that he would support Dogecoin, and so far he has kept his word.

The coin remains in the top ten, it is the second or third crypto most popular.

If we consider the usefulness as a currency in social networks, ease of entry, popularity, friendliness, or transaction fees, Dogecoin is currently the best positioned among 20,000 cryptocurrencies.

If Dogecoin is a pyramid scam then ALL crypto is a pyramid scam

[mumang siat]

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

At that time, maybe Dogecoin was a good investment, but now there is no guarantee for people to invest. Take a look so far, Dogecoin has been running quite slowly in the market, there is not even any movement for now. Talking about Elon Musk, it can't be separated from Dogecoin. but speaking of opportunities this is unlikely to happen again, I think dogecoin will only fill the market at a level of stability, but not at a maximum selling price

For now, the price of Doge Coin is only in the middle because even if it goes up it won't be as expensive as last year.
We see now that even Elon Musk can do nothing to support Dogecoin to grow back like last year because many of them expect Dogecoin to continue to increase in price.

That's what I said, for now dogecoin is quite difficult to develop at a high price, because this kind of coin has developed and is starting to be abandoned by investors and buyers, even now the market is in a stage of severe correction, so it is difficult for any coin to strengthen in price. which is so high, especially since these altcoins are not very popular with people. So, I think that in the future it will be difficult for Dogecoin to be at an expensive selling price

[yazher]

First, how would they say that Doge is a good investment on the first place? And yes, I don't think they will have a case against Elon, probably Musk will just laugh it off. It's not that Elon is the owner of have total control of Doge. Sure maybe he did some influencing on the side, but we all know that Elon is sometimes a troll and I would put everything with a grain of salt to everything he says against or for crypto like Doge. Sorry for those who lost their many believing what Elon is saying in his twitter or any other social media accounts.

Elon doesn't have anything to do with this because he knows exactly that this kind of thing would happen in the future and he speculated it right. once the person behind the scheme gets caught, he would be the only one who will be thrown in jail and Elon will not be reliable because all he just said is mere speculation. That's why we don't take their words and make our own personal research because when money involves, almost everyone has their own words about it, and yet when the time comes what they said was wrong, they will gonna wash their hands and turn away from those who believed them.

[onecall123]

I am surprised what people demand of a memecoin. If Dogecoin were worth a dollar, its capitalization would be the same as Ethereum.

Elon said that he would support Dogecoin, and so far he has kept his word.

The coin remains in the top ten, it is the second or third crypto most popular.

If we consider the usefulness as a currency in social networks, ease of entry, popularity, friendliness, or transaction fees, Dogecoin is currently the best positioned among 20,000 cryptocurrencies.

If Dogecoin is a pyramid scam then ALL crypto is a pyramid scam

In every case of Dogecoin's troubles, Elon Musk is there to assist. It doesn't make sense to provoke anyone to considers it a legitimate investment. There's enough crap being promoted by social media stars. A good example needs to be made out of him.

Dogecoin used to be a favorite of mine, but I see a lot of ups and downs. However, the FUD keeps coming. As a result, I do not see any interest in owning it in the future. It's time for Doge to return to sub-pence. Depending on the market and sentiment, my portfolio varies. Because no one has the answers, nothing can replace research, research, and research.

[Pelana vreo]

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 don't understand why Elon was sued because of the memecoin posts that are always on his twitter.
if Elon promotes Dogecoin by posting "Buy" then it can be categorized as an invitation, I don't think there's anything wrong, because someone posted a memecoin and Fomo happened, then new investors thought that Elon gave a code to buy, even though it wasn't in that post, All forms of investment have risks and those who guide Elon seem new to the crypto space.

[S3300]

Doge coin will be fine, Elon isn't like the deceased Crypto Shiller aka John McAfee, if you are talking about a pumper he is the perfect example, John will pump and coin, take his profit and never talk about the project ever again, in the case of Elon Musk he is a true supporter, he picked one, stay on it and keep supporting, John like more than one, even create his own token and abandoned it.

[tvplus006]

The plaintiff should prove where he found "defendant's claim" as far as I know if there is no evidence the case will not corner for defendant. And it's just a blank paper, if the defendant wants to retaliate with this defamation case, it could make him richer and become a boomerang. According to the article, investor's losses a big funds, I wonder.

Elon Musk has a lot of capital and, accordingly, his interests in court will be represented by the best lawyers. For this reason, and given the fact that Elon Musk's guilt will be difficult to prove, the plaintiff has no chance of winning the lawsuit. In addition, this trial may take several years.

[rahmad2nd]

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

the worst thing when investing in doge to get a very big profit is just because elon musk and buy when the price is high.  And now they are sure against Elon?  it's a joke, how strongly they believe they will be able to bring it to court.  So far it's just a rumor about a doge on a pyramid scheme

[lixer]

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

There's so many twitter influencers and youtubers that are doing the same thing but why Elon Musk is the only one that is being sued? Is it because they think he is the mastermind? LoL and they know that he as a lot of money but that if they can win this case because I don't think Elon will just believe on it instantly and do a negotiation by paying them a good amount.

I don't think Elon is that easy to get but he is a smart guy. People already knows that dogecoin is a meme coin and its being manipulated so most of them already left the coin. Don't worry I don't think the price of this coin can dump heavily but the news can only have a small impact on its price.

[Queenboss]

If dogecoin is a pyramid scheme, then we won't be wrong to say the entire cryptocurrency are pyramid schemes. This space is volatile and I doubt those persons took time to review the basis of the legal action. I want to believe that it was done out of ignorance or to send a message, because I don't see that legal case flying.

[Hispo]

If dogecoin is a pyramid scheme, then we won't be wrong to say the entire cryptocurrency are pyramid schemes. This space is volatile and I doubt those persons took time to review the basis of the legal action. I want to believe that it was done out of ignorance or to send a message, because I don't see that legal case flying.

Obviously comparing legitimate Blockchains with a Ponzi scheme is the result of ignorance about what a cryptocurrency is.
Money is used to fuel Ponzis both FIAT and Crypto, but that does not mean the FIAT or Cypto is a Ponzi itself.

About the lawsuit, if they can prove Musk made important purchases of Dogecoin before sending hype about it on twitter, they may have some chance to charge Musk with market manipulation, it is unlikely this is the case, but not completely impossible.

[TopT3ns]

The plaintiff should prove where he found "defendant's claim" as far as I know if there is no evidence the case will not corner for defendant. And it's just a blank paper, if the defendant wants to retaliate with this defamation case, it could make him richer and become a boomerang. According to the article, investor's losses a big funds, I wonder.

Elon Musk has a lot of capital and, accordingly, his interests in court will be represented by the best lawyers. For this reason, and given the fact that Elon Musk's guilt will be difficult to prove, the plaintiff has no chance of winning the lawsuit. In addition, this trial may take several years.

I think those who made this lawsuit because they were trapped in Dogecoin with high prices that made them feel at a loss, especially when conducting this trial will also make the plaintiff spend a lot of money and waste time, Elon Musk has everything to win that judgment and it would be dangerous when he filed a libel suit that the first plaintiff would be affected.