Dogecoin to be used for micropayments on Twitter?

[nimogsm]

This $8 a month for the blue tick is in my opinion a means to get back if not all, at least most of the money used to purchase the app. I hear that user accounts with "they/them" tags would be charged $16/ month since it's assumed it's a dual account of sorts.
 It doesn't come as a surprise that the price of Doge pumped seeing as he is the crusader of the meme coin but how long will this high it's experiencing last?  Won't come as news to me tho if it happens that Elon has moved to another coin of interest, since it's not beneath him to change his mind at the drop of a hat 

I think first we need to find statistics on how many verified accounts there are at the moment, and then need to calculate who is willing to pay $8 a month at all.The introduction of Doge as payment is still only a theory that has been discussed on the web for quite a long time, but at the moment there is no confirmation of this.I am more inclined to think that when buying such a large company for such a large amount at the moment, cryptocurrency is not in his priority right now.

[kawetsriyanto]

I think Elon Musk would use Dogecoin to an extent. Maybe as a tip payment option. It wouldn't be the only available options for payment  obviously, due to the problems tou pointed out, scalability, being the top issue. But does Dogecoin have the required devs needed for the job? That’s the issue

Actually, it is too early to talk deeply about Dogecoin as micropayments on Twitter. He may apply it or may revoke the idea. It is still an idea, very far from realization. I suspect it is only the way to pump Dogecoin price temporarily. 

To be honest, there are many other coins or currencies that are better to be micropayments on Twitter. Dogecoin should be not the priority if we consider its volatility, it is ideally just another option for micropayments. Regarding developers for the job, Elon Musk ideally already thinks about it. He is a smart one, he must analyze it deeply.

[fullhdpixel]

I think Elon Musk would use Dogecoin to an extent. Maybe as a tip payment option. It wouldn't be the only available options for payment  obviously, due to the problems tou pointed out, scalability, being the top issue. But does Dogecoin have the required devs needed for the job? That’s the issue

Actually, it is too early to talk deeply about Dogecoin as micropayments on Twitter. He may apply it or may revoke the idea. It is still an idea, very far from realization. I suspect it is only the way to pump Dogecoin price temporarily.  

To be honest, there are many other coins or currencies that are better to be micropayments on Twitter. Dogecoin should be not the priority if we consider its volatility, it is ideally just another option for micropayments. Regarding developers for the job, Elon Musk ideally already thinks about it. He is a smart one, he must analyze it deeply.

Not totally early. You know, Elon already acquired twitter and maybe the next day or two, we will only get shocked to see dogecoin on the menu of our twitter. Elon loves surprises too. He won't update us if what is his plans or what is happening in the background but it will just happen suddenly. People being bullish now is what can create a temporary hike in the price but once the actual product is there.

The increase will start to stay and become consistent. Elon won't revoke it but if there are problems, he can always hire good people to fix the issue. That is one of the advantages of being wealthy. There are other good coins better than doge but what can we do if Elon loves doge more than them?

[Abiky]

Actually, it is too early to talk deeply about Dogecoin as micropayments on Twitter. He may apply it or may revoke the idea. It is still an idea, very far from realization. I suspect it is only the way to pump Dogecoin price temporarily. 

To be honest, there are many other coins or currencies that are better to be micropayments on Twitter. Dogecoin should be not the priority if we consider its volatility, it is ideally just another option for micropayments. Regarding developers for the job, Elon Musk ideally already thinks about it. He is a smart one, he must analyze it deeply.

I don't think he will dare to add Dogecoin as a micropayments tool on the platform, as it will attract unwanted attention (either from the regulators or hackers). Would you imagine Twitter being under heavy scrutiny due to allegations of people using DOGE for money laundering and tax evasion? Even if Mr. Musk only adds the option for verified users (those with the blue tick), that won't stop regulators from weighing in. Twitter is neither a bank or a money service business (MSB). It doesn't even have a license for that, so don't count on DOGE being added to the platform anytime soon.

All Elon Musk wants is fame and fortune. He's already rich, but somehow he wants more money than what he has (greed). By "pumping" Dogecoin, he will be able to multiply his investment in no time. No one knows what's in his mind, leading me to wonder what will he come up with next? Just my thoughts

[len01]

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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.

yes that's absolutely true. because every investment is the responsibility of each and they themselves will bear the risk and we as people who know these investors are enough to tell the truth about the meme coin hype that has ended, but if they still believe in what he thinks, so be it. because he has the right to choose where they dare to take risks when investing in meme coins.


and I also have never invested in any meme coin. because for me there is still something that is more profitable and has more value in the future in the coin that I have chosen and am currently holding.

[tygeade]

every investment is the responsibility of each and they themselves will bear the risk and we as people who know these investors are enough to tell the truth about the meme coin hype that has ended, but if they still believe in what he thinks, so be it. because he has the right to choose where they dare to take risks when investing in meme coins.


and I also have never invested in any meme coin. because for me there is still something that is more profitable and has more value in the future in the coin that I have chosen and am currently holding.

Not investing in any memecoin is a smart move, not many people would be smart enough to stay away from the latest hypes and for a while memecoins were the biggest hype of the crypto world and too many people got into it.

People who have absolutely no idea about crypto got into dogecoin for a while, and not like they lost money neither, they made a lot of profit from it when the time came and that caused them to believe in it a lot more. The ones that sold and took their profit are happy and they think they did the right thing, and if they stayed in profit then they really did do the right thing. But many that kept on holding lost most of their money and that's a trouble for the market.

[Vaskiy]

every investment is the responsibility of each and they themselves will bear the risk and we as people who know these investors are enough to tell the truth about the meme coin hype that has ended, but if they still believe in what he thinks, so be it. because he has the right to choose where they dare to take risks when investing in meme coins.


and I also have never invested in any meme coin. because for me there is still something that is more profitable and has more value in the future in the coin that I have chosen and am currently holding.

Not investing in any memecoin is a smart move, not many people would be smart enough to stay away from the latest hypes and for a while memecoins were the biggest hype of the crypto world and too many people got into it.

People who have absolutely no idea about crypto got into dogecoin for a while, and not like they lost money neither, they made a lot of profit from it when the time came and that caused them to believe in it a lot more. The ones that sold and took their profit are happy and they think they did the right thing, and if they stayed in profit then they really did do the right thing. But many that kept on holding lost most of their money and that's a trouble for the market.

There are successful people out of investment on memecoins. A market shouldn't be of a same product, it needs to provide variety to its users. One such variety in cryptocurrency is the memecoins. These are for short term, if lucky you'll be profiting and if not you just need to ignore. Dogecoin to be used by Elon Musk might happen, but this isn't gonna make big push in the market.

[Abiky]

There are successful people out of investment on memecoins. A market shouldn't be of a same product, it needs to provide variety to its users. One such variety in cryptocurrency is the memecoins. These are for short term, if lucky you'll be profiting and if not you just need to ignore. Dogecoin to be used by Elon Musk might happen, but this isn't gonna make big push in the market.

You've said it yourself. "Meme" coins are only good as a short term investment due to their highly-unpredictable nature. You can't expect much from them especially when they were created as a joke (even the supply is enormous). I think Elon Musk was just trying to pump Dogecoin's price by pretending to integrate it into Twitter. With how quickly Twitter is falling, don't expect DOGE to be used as a means of payment anytime soon. I wouldn't worry about this, since there are better coins out there with a proven track record of development and innovation. Who needs Dogecoin when we have Bitcoin as the best decentralized cryptocurrency in the world? Just my thoughts

[peter0425]

This $8 a month for the blue tick is in my opinion a means to get back if not all, at least most of the money used to purchase the app. I hear that user accounts with "they/them" tags would be charged $16/ month since it's assumed it's a dual account of sorts.
 It doesn't come as a surprise that the price of Doge pumped seeing as he is the crusader of the meme coin but how long will this high it's experiencing last?  Won't come as news to me tho if it happens that Elon has moved to another coin of interest, since it's not beneath him to change his mind at the drop of a hat 

I think first we need to find statistics on how many verified accounts there are at the moment, and then need to calculate who is willing to pay $8 a month at all.The introduction of Doge as payment is still only a theory that has been discussed on the web for quite a long time, but at the moment there is no confirmation of this.I am more inclined to think that when buying such a large company for such a large amount at the moment, cryptocurrency is not in his priority right now.

but the Idea of this as implementation care nothing if the users need to pay either dogecoin or fiat still it is obligatory so they will pay at all, though I am one of those and willing to pay in Dogecoin as I have plenty in my wallet sitting for years.

and calling it as not priority right now? I'm afraid it is lol .

[Silberman]

There are successful people out of investment on memecoins. A market shouldn't be of a same product, it needs to provide variety to its users. One such variety in cryptocurrency is the memecoins. These are for short term, if lucky you'll be profiting and if not you just need to ignore. Dogecoin to be used by Elon Musk might happen, but this isn't gonna make big push in the market.

No one denies that a lot of money can be made with meme coins, but what is the ratio of winners and losers? Or to put it in another way how many losers we have for each winner that claims to have made a fortune investing in meme coins? And the numbers are surely horrible, as people invest in those coins thinking about making some quick cash only to find out that instead of achieving their dreams of making a lot of money they instead lost it.

[Lanatsa]

There are successful people out of investment on memecoins. A market shouldn't be of a same product, it needs to provide variety to its users. One such variety in cryptocurrency is the memecoins. These are for short term, if lucky you'll be profiting and if not you just need to ignore. Dogecoin to be used by Elon Musk might happen, but this isn't gonna make big push in the market.

No one denies that a lot of money can be made with meme coins, but what is the ratio of winners and losers? Or to put it in another way how many losers we have for each winner that claims to have made a fortune investing in meme coins? And the numbers are surely horrible, as people invest in those coins thinking about making some quick cash only to find out that instead of achieving their dreams of making a lot of money they instead lost it.

Some do make money but lots do have lost theirs and this is commonly into those people who are really that expecting that much when it comes to their meme coin investment just because they do let themselves

get dragged with the hype which is really he main mistake for most people and do overlook.They would really be just only realizing that they have done the wrong thing on the time that they had lost money.

Going back into that Dogecoin to be used on micropayments on Twitter then pretty sure that there would be some considerations but it would always boils down on the decision of its
CEO/Owner Musk on considering such action but basing off with his activities or involvement on running this company then it is really that unlikely to happen.

[uneng]

There are successful people out of investment on memecoins. A market shouldn't be of a same product, it needs to provide variety to its users. One such variety in cryptocurrency is the memecoins. These are for short term, if lucky you'll be profiting and if not you just need to ignore. Dogecoin to be used by Elon Musk might happen, but this isn't gonna make big push in the market.

No one denies that a lot of money can be made with meme coins, but what is the ratio of winners and losers? Or to put it in another way how many losers we have for each winner that claims to have made a fortune investing in meme coins? And the numbers are surely horrible, as people invest in those coins thinking about making some quick cash only to find out that instead of achieving their dreams of making a lot of money they instead lost it.

I think this give us some estimation of how many are losing money with these "funny" tokens:

Almost 81% of Shiba Inu Investors are at Loss, Indicates Analysis

And that is the one they consider one of the best memecoins of the market, probably just after doge. Now imagine the percentage of investors in loss who have invested in alternative memecoins, hoping they were going to become the new hype of the industry. It's sad to see so many people are losing money for nothing, while they could be simply holding bitcoins and making their money grow on long term.

[Silberman]

No one denies that a lot of money can be made with meme coins, but what is the ratio of winners and losers? Or to put it in another way how many losers we have for each winner that claims to have made a fortune investing in meme coins? And the numbers are surely horrible, as people invest in those coins thinking about making some quick cash only to find out that instead of achieving their dreams of making a lot of money they instead lost it.

I think this give us some estimation of how many are losing money with these "funny" tokens:

Almost 81% of Shiba Inu Investors are at Loss, Indicates Analysis

And that is the one they consider one of the best memecoins of the market, probably just after doge. Now imagine the percentage of investors in loss who have invested in alternative memecoins, hoping they were going to become the new hype of the industry. It's sad to see so many people are losing money for nothing, while they could be simply holding bitcoins and making their money grow on long term.

This is a very good analysis and this bring forward the next question, how many of those investors are going to at least breakeven? And while this is speculation I would guess that less than half of those users will get at least their money back when all is said and done, and if we compare this against bitcoin then we can easily understand why not only bitcoin is the best coin available but also the best possible option any newbie has when it comes to making money in this market, and yet most of those newbies refuse to look at the evidence and take unnecessary risks.

[Inspiron14]

There are successful people out of investment on memecoins. A market shouldn't be of a same product, it needs to provide variety to its users. One such variety in cryptocurrency is the memecoins. These are for short term, if lucky you'll be profiting and if not you just need to ignore. Dogecoin to be used by Elon Musk might happen, but this isn't gonna make big push in the market.

No one denies that a lot of money can be made with meme coins, but what is the ratio of winners and losers? Or to put it in another way how many losers we have for each winner that claims to have made a fortune investing in meme coins? And the numbers are surely horrible, as people invest in those coins thinking about making some quick cash only to find out that instead of achieving their dreams of making a lot of money they instead lost it.

So far, Elon Musk hasn't tweeted about Doge yet and maybe the reason he is is that right now the market is bearish and Fomo will be more difficult,
Elon Musk is indeed very influential for Doge and it is very likely for Doge to become a Twitter micropayment, but that is still a problem.
and still Becomes a wish of the Dogecoin community, if realized then Doge really would be more than $1.

[uneng]

No one denies that a lot of money can be made with meme coins, but what is the ratio of winners and losers? Or to put it in another way how many losers we have for each winner that claims to have made a fortune investing in meme coins? And the numbers are surely horrible, as people invest in those coins thinking about making some quick cash only to find out that instead of achieving their dreams of making a lot of money they instead lost it.

I think this give us some estimation of how many are losing money with these "funny" tokens:

Almost 81% of Shiba Inu Investors are at Loss, Indicates Analysis

And that is the one they consider one of the best memecoins of the market, probably just after doge. Now imagine the percentage of investors in loss who have invested in alternative memecoins, hoping they were going to become the new hype of the industry. It's sad to see so many people are losing money for nothing, while they could be simply holding bitcoins and making their money grow on long term.

This is a very good analysis and this bring forward the next question, how many of those investors are going to at least breakeven? And while this is speculation I would guess that less than half of those users will get at least their money back when all is said and done, and if we compare this against bitcoin then we can easily understand why not only bitcoin is the best coin available but also the best possible option any newbie has when it comes to making money in this market, and yet most of those newbies refuse to look at the evidence and take unnecessary risks.

Let's see how further SHIB can go during the next bull run. I hope investors are able to at least recover the investment made, although I think it's not an easy task for SHIB to perform a 700% price increasement to hit its previous ATH, even in case the market looks pretty bullish.

So far, Elon Musk hasn't tweeted about Doge yet and maybe the reason he is is that right now the market is bearish and Fomo will be more difficult,
Elon Musk is indeed very influential for Doge and it is very likely for Doge to become a Twitter micropayment, but that is still a problem.
and still Becomes a wish of the Dogecoin community, if realized then Doge really would be more than $1.

Elon Musk is now concerned regards global politics, receiving attention from social media's users, as he says to be going to leak internal informations from Twitter which affected the results of the american elections. It seems this is the new hype he wants to surf. Cryptocurrencies are now in second plan until further notice. Elon Musk is adopting an anti-vax agenda, with all its further conspiratorial segments, and feeding his public with this. Once he needs to play the "DOGE", "Bitcoin", "SHIB" or any other altcoin card again, he will do.

[Woodie]

Now that Elon Musk is in the driver's seat of Twitter, he has not really done much in the lines of crypto and I really don't expect him too after his last tint of Bitcoins mining ways that sent prices tumbling down and people didn't like him for that. Dogecoin hasn't been in his vocabulary in a long time and I think his probably moved onto another coin, but only time will tell after he does some house cleaning with Twitter.

There are successful people out of investment on memecoins. A market shouldn't be of a same product, it needs to provide variety to its users. One such variety in cryptocurrency is the memecoins. These are for short term, if lucky you'll be profiting and if not you just need to ignore. Dogecoin to be used by Elon Musk might happen, but this isn't gonna make big push in the market.

No one denies that a lot of money can be made with meme coins, but what is the ratio of winners and losers? Or to put it in another way how many losers we have for each winner that claims to have made a fortune investing in meme coins? And the numbers are surely horrible, as people invest in those coins thinking about making some quick cash only to find out that instead of achieving their dreams of making a lot of money they instead lost it.

I think this give us some estimation of how many are losing money with these "funny" tokens:

Almost 81% of Shiba Inu Investors are at Loss, Indicates Analysis

And that is the one they consider one of the best memecoins of the market, probably just after doge. Now imagine the percentage of investors in loss who have invested in alternative memecoins, hoping they were going to become the new hype of the industry. It's sad to see so many people are losing money for nothing, while they could be simply holding bitcoins and making their money grow on long term.

This is heartbreaking to read, but people need to understand the crypto markets are no playground, you need to know what you want and not allowing the markets not to tell you what you need! Unfortunately shiba coin came with a concept to deceive people and painted a picture that they will do what dodge failed to do of hitting a dollar as price etc.. unfortunately this was more less like a scripted movie and we know how it ends... But you know what, we can't win it all, you win some and you lose some it's the name of the game.

[uneng]

This is heart breaking to read, but people need to understand the crypto markets are no playground, you need to know what you want and not allowing the markets not to tell you what you need! Unfortunately shiba coin came with a concept to deceive people and painted a picture that they will do what dodge failed to do of hitting a dollar as price etc.. unfortunately this was more less like a scripted movie and we know how it ends... But you know what, we can't win it all, you win some and you lose some it's the name of the game.

Yes, let's hope people have learnt the lesson with SHIB's fiasco. We can't win all the time, but we can learn with our mistakes to avoid commiting them again in the future. Nothing is wasted in this life if we can learn something in the end. I believe the investors who are here for 1 year at least must be more experienced on this matter already. What worries are the newbies who are entering crypto market now, so they still don't know how things work here and what methods scammers use to take advantage of naive investors.

It's also important to not take the word of speculative influencers in consideration when investing. In one moment they are endorsing it subliminally, on the next minute they aren't anymore.

BEFORE


AFTER

The same could happen regards micropayments in Twitter... At any moment he can say it has never been a possibility.

[KennyR]

There are successful people out of investment on memecoins. A market shouldn't be of a same product, it needs to provide variety to its users. One such variety in cryptocurrency is the memecoins. These are for short term, if lucky you'll be profiting and if not you just need to ignore. Dogecoin to be used by Elon Musk might happen, but this isn't gonna make big push in the market.

No one denies that a lot of money can be made with meme coins, but what is the ratio of winners and losers? Or to put it in another way how many losers we have for each winner that claims to have made a fortune investing in meme coins? And the numbers are surely horrible, as people invest in those coins thinking about making some quick cash only to find out that instead of achieving their dreams of making a lot of money they instead lost it.

So far, Elon Musk hasn't tweeted about Doge yet and maybe the reason he is is that right now the market is bearish and Fomo will be more difficult,
Elon Musk is indeed very influential for Doge and it is very likely for Doge to become a Twitter micropayment, but that is still a problem.
and still Becomes a wish of the Dogecoin community, if realized then Doge really would be more than $1.

Elon Musk hadn't made any tweets, because his previous attempt to manipulate the market didn't give hands. People always have better observation over the market as they don't jump into the market without making proper analysis. Once it happened and for the same we can't expect the market get pushed by him. Dogecoin have got a good community that keeps its market moving forward amidst all market situations. Let's wait for the offical announcement than getting into speculation.

[NFTmetria]

If they add dogecoin, then they will add bitcoin. Most likely, Musk will not be limited to one specific cryptocurrency.

[Silberman]

So far, Elon Musk hasn't tweeted about Doge yet and maybe the reason he is is that right now the market is bearish and Fomo will be more difficult,
Elon Musk is indeed very influential for Doge and it is very likely for Doge to become a Twitter micropayment, but that is still a problem.
and still Becomes a wish of the Dogecoin community, if realized then Doge really would be more than $1.

Elon Musk is now concerned regards global politics, receiving attention from social media's users, as he says to be going to leak internal informations from Twitter which affected the results of the american elections. It seems this is the new hype he wants to surf. Cryptocurrencies are now in second plan until further notice. Elon Musk is adopting an anti-vax agenda, with all its further conspiratorial segments, and feeding his public with this. Once he needs to play the "DOGE", "Bitcoin", "SHIB" or any other altcoin card again, he will do.

This seems to be the case, people need to understand that Elon is a practical person and if there is something he can use to his advantage then he will use it, and if something is useless to him then he will discard it, right now his interests are not on this market and I could even say he is not interested in Twitter itself either as technology or even as a business, what he cares about is the influence Twitter has and what he can do with it.