Dogecoin to be used for micropayments on Twitter?

[Abiky]

First of all, a Dogecoin cannot become 1$. Do you know how much market cap volume sir it will take? Second, if Elon Musk were to choose a meme coin to promote, I think he would prefer to choose Shiba Inu over dogecoin because Shiba has more features than Dogecoin. But this is just my own opinion Sir.

Besides that, the only thing that Elon Musk can do is to influence others to invest in the coin that he wants to promote, yes it is true that he can increase its value price but that does not mean that he can make it 1$ per coin, that's not the case as far as I know.

As they always say, "the sky is the limit". There's no limit to how farther Dogecoin will go as long as there's mainstream demand for it. I think it could reach $1 in the future if Elon Musk continues to liven up the hype. Adding the cryptocurrency as a micropayments tool would only add fuel to the fire. But first things first. Developers are going to need to scale the Dogecoin blockchain if they want it to be used by the masses. As I've said before, no one knows what's on Elon Musk's mind right now. He's extremely unpredictable at times, so he could either integrate DOGE into Twitter, choose another cryptocurrency, or do nothing about it. Mr. Musk could also backtrack from his deal of buying Twitter for $44B again, causing severe pain over Dogecoin's price. Nothing is set in stone, so the best thing we can do is wait and see what happens before deciding to invest into Dogecoin for the long term. Just my thoughts

[Smack That Ace]

It looks like Elon Musk is going to proceed with the $44B deal to buy Twitter as he has originally planned. The recent news of Elon Musk changing its mind again had a short pump in DOGE's price. If the deal goes through, that would mean Elon Musk will become the new owner of one of the world's most popular social media platforms. Knowing that the billionaire is a huge fan of Dogecoin, it's possible he will integrate the cryptocurrency into the platform for micropayments (micro-tipping).

I'm wondering what effect will this have into DOGE's price if successfully implemented? Will DOGE be able to finally get past $1 per coin? Or will it never happen? Also, I fail to see how DOGE would be used massively on Twitter when the cryptocurrency doesn't have enough transaction capacity to serve millions of users around the world. There's no LN or on-chain scaling solution yet, so developers are going to have to work on something if they want DOGE to be widely adopted worldwide. What are your thoughts?

First of all, a Dogecoin cannot become 1$. Do you know how much market cap volume sir it will take? Second, if Elon Musk were to choose a meme coin to promote, I think he would prefer to choose Shiba Inu over dogecoin because Shiba has more features than Dogecoin. But this is just my own opinion Sir.

Besides that, the only thing that Elon Musk can do is to influence others to invest in the coin that he wants to promote, yes it is true that he can increase its value price but that does not mean that he can make it 1$ per coin, that's not the case as far as I know.

It's hard to say doge can't touch $1 because in 2021 it's already up to $0.7 and the gap isn't too far. Last year with the news that ELon was holding doge and accepting doge payments for some tesla products, he was able to pump it up to levels no one would have expected, along with becoming a twitter owner and integrating doge into twitter, I think more crazy things will happen. I see he is only interested in doge not shiba, if he chooses coin with many features or usecase, he will not choose memecoins. This is simply his game.

[TribalBob]

It looks like Elon Musk is going to proceed with the $44B deal to buy Twitter as he has originally planned. The recent news of Elon Musk changing its mind again had a short pump in DOGE's price. If the deal goes through, that would mean Elon Musk will become the new owner of one of the world's most popular social media platforms. Knowing that the billionaire is a huge fan of Dogecoin, it's possible he will integrate the cryptocurrency into the platform for micropayments (micro-tipping).

I'm wondering what effect will this have into DOGE's price if successfully implemented? Will DOGE be able to finally get past $1 per coin? Or will it never happen? Also, I fail to see how DOGE would be used massively on Twitter when the cryptocurrency doesn't have enough transaction capacity to serve millions of users around the world. There's no LN or on-chain scaling solution yet, so developers are going to have to work on something if they want DOGE to be widely adopted worldwide. What are your thoughts?

all is possible , the effect of elon on doge is huge in this past year , the price of doge will probably reach 1$ if elon make it a legal payment on twitter .

but I can't understand why doge has to be Elon's choice for this, why not just btc or eth maybe bnb

[Abiky]

It's hard to say doge can't touch $1 because in 2021 it's already up to $0.7 and the gap isn't too far. Last year with the news that ELon was holding doge and accepting doge payments for some tesla products, he was able to pump it up to levels no one would have expected, along with becoming a twitter owner and integrating doge into twitter, I think more crazy things will happen. I see he is only interested in doge not shiba, if he chooses coin with many features or usecase, he will not choose memecoins. This is simply his game.

If DOGE went all the way to $0.70, then it can easily go to $1 in the future. All it takes is for demand to increase like crazy for such price to materialize. Elon Musk is an avid investor of Dogecoin, so he wouldn't let the opportunity of "pumping" the cryptocurrency's price slip away that easily. By adopting it as a micropayments tool for the social media platform, demand would effectively increase at a fast pace. After all, not everyone knows about the "meme" cryptocurrency yet.

Adding DOGE would bring the exposure necessary to pump the price all the way to the moon (or Mars for that matter). The market is bearish right now, making it impossible for $1 to happen anytime soon. But wait until everything settles, and you'll regret yourself not having invested into DOGE before. For what I know, the sky is the limit. As long as you don't put all of your life savings into Dogecoin, everything will be fine. Just my thoughts

[LogitechMouse]

Knowing that the billionaire is a huge fan of Dogecoin, it's possible he will integrate the cryptocurrency into the platform for micropayments (micro-tipping).

On one website, I saw what the use case of DOGE and this is one:

Perhaps one of the most initial use cases of Doge was as an online tipping coin. Using the coin, social media users could tip others for their content.

One of the use case of DOGE is for online tipping. Now, DOGE is a few steps away from reaching that use case with the help of Elon Musk. Now the only question is, will he really integrate crypto online tipping in Twitter if incase he will be the new owner of Twitter.

I'm wondering what effect will this have into DOGE's price if successfully implemented? Will DOGE be able to finally get past $1 per coin? Or will it never happen? Also, I fail to see how DOGE would be used massively on Twitter when the cryptocurrency doesn't have enough transaction capacity to serve millions of users around the world. There's no LN or on-chain scaling solution yet, so developers are going to have to work on something if they want DOGE to be widely adopted worldwide. What are your thoughts?

There is a possibility.
Possibility that DOGE pump but I don't see it reaching to a dollar knowing that one feature of the coin is it has an unlimited amount of supply. TBH it's hard and I don't expect it to go 1$ but maybe with the help of Elon and Twitter, the impossible might be possible.

[tbct_mt2]

One of the use case of DOGE is for online tipping. Now, DOGE is a few steps away from reaching that use case with the help of Elon Musk. Now the only question is, will he really integrate crypto online tipping in Twitter if incase he will be the new owner of Twitter.

If a coin is available at crypto payment gateways like Coinpayments.net, Coingate.com, Coinsbee.com, nowpayments.io and more similar payment gateways, it would be easy to be used as a tipping method.

The challenge for Dogecoin now is just whether Twitter accepts to add it as a tipping method on Twitter. If they want to do it, the process would be done quickly.

[wxa7115]

after reading this thread i remember yesterday reading in another thread with the title "be careful investing in coins starred by celebrities".
maybe there is little in common and can think of Elon Musk like the richest celebrity in the world.
it could happen when Elon musk implements what he had planned and it is likely that the price of dogecoin will rise again like last year. but am i wrong if i think it will all be a temporary hype like last year? when a tweet on twitter popped up and everyone was chasing dogecoin and the price was pumped after that it was dumped again.
but we will never know what will happen in the year to come and what is certain is that if Elon musk were to do that, it would certainly be a short term hype again

That is a good advice, but not many people are going to listen to that kind of advice and the reason is they legitimately believe they will obtain profits when dogecoin or another meme coin pumps, and when people are in that state in which they are only thinking about the profits they can get then those people are never going to listen to our warnings.

So there is not much we can do except to keep warning them about this and hope that some of them listen to our advice.

[tvplus006]

...but I can't understand why doge has to be Elon's choice for this, why not just btc or eth maybe bnb

Elon Musk has never hidden the fact that he is a Doge hodler. And in February last year, he bought dogecoin for his youngest son https://twitter.com/elonmusk/status/1359519541219500033 So it would be logical to further expand the use of Doge in everyday life, which must necessarily entail an increase in the value of the coin, and, accordingly, the profit of the Mask.

[isaac_clarke22]

~

You could be right considering how many followers he has in Twitter, though I would not even try to buy the hype. It is not just worth wasting my time and energy following a random celebrity in the internet and it also involves crypto so.....

Addition of cryptos as micropayments would not affect anything though since I do not think that people would go into Twitter to involve their money, let alone Paypal including cryptos back then that did not even become popular of a feature.

Let the guy be the guy. There ain't anything we can do about it anyway.

[uneng]

If implemented, I think this feature can boost dogecoin price considerably. As we can see, twitter is a strong political social media where every sides fight daily battles rising hashtags and influence to show they are the strongest side of the battlefield that is twitter or their country or even the world. With doge tips, these political movements can boost their results on the social media tipping their followers in real time while remaining relatively anonymous. I just think not every countries would allow this to happen for their respective citizens who use the platform. Probably this feature would be restricted to few countries only.

[Abiky]

There is a possibility.
Possibility that DOGE pump but I don't see it reaching to a dollar knowing that one feature of the coin is it has an unlimited amount of supply. TBH it's hard and I don't expect it to go 1$ but maybe with the help of Elon and Twitter, the impossible might be possible.

The only way DOGE will reach $1 is if Elon Musk "pumps" the price with its acquisition of Twitter. Bitcoin would also need to reach a new All-time-high in price for DOGE to retain its prices for the long term. Don't get me wrong, but Dogecoin is a pretty good cryptocurrency for micropayments. It's perfectly fine just the way it is. Sometimes I think a high-priced DOGE would limit the cryptocurrency's ability to be used by a wider audience. The unlimited supply of Dogecoin, tells us developers created it to be used as a currency (not as a store of value like Bitcoin). Crypto land has come up with its surprises, so who knows if DOGE holders get lucky someday? Just my thoughts

[tbct_mt2]

oin
The only way DOGE will reach $1 is if Elon Musk "pumps" the price with its acquisition of Twitter. Bitcoin would also need to reach a new All-time-high in price for DOGE to retain its prices for the long term. Don't get me wrong, but Dogecoin is a pretty good cryptocurrency for micropayments. It's perfectly fine just the way it is. Sometimes I think a high-priced DOGE would limit the cryptocurrency's ability to be used by a wider audience. The unlimited supply of Dogecoin, tells us developers created it to be used as a currency (not as a store of value like Bitcoin). Crypto land has come up with its surprises, so who knows if DOGE holders get lucky someday? Just my thoughts

The all time high of Dogecoin is about $0.64, not far to $1.

Dogecoin currently is traded around $0.06 that is a very good entry. Price chart still has an open gap under $0.06 but it is a good support for Dogecoin. I believe it will bounce back from $0.06 to about $0.1 to $0.12. I don't wish Dogecoin to hit $1 and $0.12 is enough for me in a bear market.

You are right too that Dogecoin only can hit $1 if there are two conditions occur: Bitcoin is in its bull market. Dogecoin gets a massive support and an explosive news like being accepted at Twitter as one of its payment methods.

[Questat]

oin
snipped

The all time high of Dogecoin is about $0.64, not far to $1.

Dogecoin currently is traded around $0.06 that is a very good entry. Price chart still has an open gap under $0.06 but it is a good support for Dogecoin. I believe it will bounce back from $0.06 to about $0.1 to $0.12. I don't wish Dogecoin to hit $1 and $0.12 is enough for me in a bear market.

You are right too that Dogecoin only can hit $1 if there are two conditions occur: Bitcoin is in its bull market. Dogecoin gets a massive support and an explosive news like being accepted at Twitter as one of its payment methods.

This is an example to see how influential he is. Elon Musk acquires Twitter for something to earn money, not just for fun and pleasure.
After the said event and big news, Dogecoin is moving up, and people are expecting a price rally. Well, we know the huge community of Dogecoin that is a big factor. However, it was not the right time to expect Dogecoin to hit $1 unless we are in bull season. I couldn't assume this even reach that far but of course, we can't deny the fact that Elon Musk can manipulate the market if he wants.

[irhact]

Why? Why Dogecoin? We all know Dogecoin is a meme coin that was built by forking Bitcoin.

Elon musk loves dogecoin, he was promoting it for the last bull market and as a result, dogecoin grew massively and almost reaching the $1 price. If he was to use any cryptocurency for his newly acquired social platform (Twitter) then it has to be dogecoin. Also Elon musk is different, he enjoys doing extra ordinary things. Some weeks back, he launched his perfume line. For someone as rich as he is, you'll think things like that aren't necessarily important but still, those are things he find interesting, he loves taking on new challenges and making dogecoin popular has been on his list from his past behaviors.
Overall this will be huge for the market, if Elon does make used of dogecoin as a micropayments on twitter. The news alone will bring in more investors and other cryptocurrency will stand to benefit.

[RealMalatesta]

after reading this thread i remember yesterday reading in another thread with the title "be careful investing in coins starred by celebrities".
maybe there is little in common and can think of Elon Musk like the richest celebrity in the world.
it could happen when Elon musk implements what he had planned and it is likely that the price of dogecoin will rise again like last year. but am i wrong if i think it will all be a temporary hype like last year? when a tweet on twitter popped up and everyone was chasing dogecoin and the price was pumped after that it was dumped again.
but we will never know what will happen in the year to come and what is certain is that if Elon musk were to do that, it would certainly be a short term hype again

That is a good advice, but not many people are going to listen to that kind of advice and the reason is they legitimately believe they will obtain profits when dogecoin or another meme coin pumps, and when people are in that state in which they are only thinking about the profits they can get then those people are never going to listen to our warnings.

So there is not much we can do except to keep warning them about this and hope that some of them listen to our advice.

That is unfortunately true, and it's their own problem. If they really trust meme projects this much, then they should be investing into it and when they lose money on it, that's their own trouble and has nothing to do with us.

I have personally never invested into doge or any other meme, and I have not made any profits from it neither, but I am fine with not losing any money from it as well. That's the key point, if you are not losing any money at all then you are doing the right thing eventually as well. This doesn't mean that you should never invest into anything just because you could lose, but at least the thing you invest into should have some fundamentally solid reason to go up.

[DoublerHunter]

Why? Why Dogecoin? We all know Dogecoin is a meme coin that was built by forking Bitcoin.

Elon musk loves dogecoin, he was promoting it for the last bull market and as a result, dogecoin grew massively and almost reaching the $1 price. If he was to use any cryptocurency for his newly acquired social platform (Twitter) then it has to be dogecoin. Also Elon musk is different, he enjoys doing extra ordinary things. Some weeks back, he launched his perfume line. For someone as rich as he is, you'll think things like that aren't necessarily important but still, those are things he find interesting, he loves taking on new challenges and making dogecoin popular has been on his list from his past behaviors.
Overall this will be huge for the market, if Elon does make used of dogecoin as a micropayments on twitter. The news alone will bring in more investors and other cryptocurrency will stand to benefit.

^Elon Musk doing great at making money by himself and probably that is why he becomes riches people because of making money.
He has held a lot of Dogecoin since the start and he even promoted this on Twitter before since he bought Twitter, there is no doubt he will use Dogecoin as a micropayment. I now start thinking about how much Dogecoin he has and why he choose this instead of BTC.
Do you think this strategy will become good and how about the Lightning network of BTC that can be used in micropayment?

[Tony116]

Why? Why Dogecoin? We all know Dogecoin is a meme coin that was built by forking Bitcoin.

Elon musk loves dogecoin, he was promoting it for the last bull market and as a result, dogecoin grew massively and almost reaching the $1 price. If he was to use any cryptocurency for his newly acquired social platform (Twitter) then it has to be dogecoin. Also Elon musk is different, he enjoys doing extra ordinary things. Some weeks back, he launched his perfume line. For someone as rich as he is, you'll think things like that aren't necessarily important but still, those are things he find interesting, he loves taking on new challenges and making dogecoin popular has been on his list from his past behaviors.
Overall this will be huge for the market, if Elon does make used of dogecoin as a micropayments on twitter. The news alone will bring in more investors and other cryptocurrency will stand to benefit.

^Elon Musk doing great at making money by himself and probably that is why he becomes riches people because of making money.
He has held a lot of Dogecoin since the start and he even promoted this on Twitter before since he bought Twitter, there is no doubt he will use Dogecoin as a micropayment. I now start thinking about how much Dogecoin he has and why he choose this instead of BTC.
Do you think this strategy will become good and how about the Lightning network of BTC that can be used in micropayment?

I want to tell everyone that so far he has not actually owned twitter and it is very likely that he will continue to get involved in another lawsuit related to twitter, so doge adoption on this social network won't happen anytime soon.

He chooses dogecoin over bitcoin simply because bitcoin market is much bigger than dogecoin market and it will become easier to manipulate than bitcoin. As you said, he is very good at making money and I believe he chose doge for that reason and not because of the technology or the future of the crypto industry.
https://www.yahoo.com/news/us-government-considering-national-security-121824528.html

[AmoreJaz]

Why? Why Dogecoin? We all know Dogecoin is a meme coin that was built by forking Bitcoin.

Elon musk loves dogecoin, he was promoting it for the last bull market and as a result, dogecoin grew massively and almost reaching the $1 price. If he was to use any cryptocurency for his newly acquired social platform (Twitter) then it has to be dogecoin. Also Elon musk is different, he enjoys doing extra ordinary things. Some weeks back, he launched his perfume line. For someone as rich as he is, you'll think things like that aren't necessarily important but still, those are things he find interesting, he loves taking on new challenges and making dogecoin popular has been on his list from his past behaviors.
Overall this will be huge for the market, if Elon does make used of dogecoin as a micropayments on twitter. The news alone will bring in more investors and other cryptocurrency will stand to benefit.

^Elon Musk doing great at making money by himself and probably that is why he becomes riches people because of making money.
He has held a lot of Dogecoin since the start and he even promoted this on Twitter before since he bought Twitter, there is no doubt he will use Dogecoin as a micropayment. I now start thinking about how much Dogecoin he has and why he choose this instead of BTC.
Do you think this strategy will become good and how about the Lightning network of BTC that can be used in micropayment?

I want to tell everyone that so far he has not actually owned twitter and it is very likely that he will continue to get involved in another lawsuit related to twitter, so doge adoption on this social network won't happen anytime soon.

He chooses dogecoin over bitcoin simply because bitcoin market is much bigger than dogecoin market and it will become easier to manipulate than bitcoin. As you said, he is very good at making money and I believe he chose doge for that reason and not because of the technology or the future of the crypto industry.
https://www.yahoo.com/news/us-government-considering-national-security-121824528.html

you have a point on this. of course, he is a businessman, so he would look at cryptocurrency which he thinks he has advantage of when it comes to generating money. with doge, he is already in touch with the developers of this old meme alt so he can easily influence their developments if he wants to.
but til then, let's see how his getting a hold of twitter pans out. because if he will indeed take control of its ownership, the likelihood that doge will be integrated on this platform is very likely.

[glendall]

This issue has been heard for a long time and every day Elon is getting more and more excited to pump Doge, I'm not sure Doge will be 1$ but as we know in the crypto cycle no one knows the direction and value that will be created whether it will go up or flat, everyone can speculate In this case, we can only see and confirm when the time comes

[tygeade]

Dogecoin currently is traded around $0.06 that is a very good entry. Price chart still has an open gap under $0.06 but it is a good support for Dogecoin. I believe it will bounce back from $0.06 to about $0.1 to $0.12. I don't wish Dogecoin to hit $1 and $0.12 is enough for me in a bear market.

You are right too that Dogecoin only can hit $1 if there are two conditions occur: Bitcoin is in its bull market. Dogecoin gets a massive support and an explosive news like being accepted at Twitter as one of its payment methods.

That is your opinion, you think that it is a good price to buy and it will go up when the bull run comes. But I personally believe that it will not do well, and it will be doing quite terrible in the long run. While everything goes from 2x to 10x, this will not and it will cause the price to drop a lot as well.

I am not saying it is a bad investment, if you want to invest into it then go ahead, but I believe there are better investments out there and that is a lot better to look for, if there is something better than why go ahead and invest like that? It doesn't matter if you are investing at something that goes up, only if it goes up better than others.