Elon Musk hints Possibility of Accepting Dogecoin for Tesla Car Purchase

[Cryptoprincess101]

Elon musk have showed interest in Doge coins on several occasions even endorsed it and now he is hinting a possibility of using Doge coin to purchase Tesla Cars is going to be another move to hype Doge coins and possibly increase it's performance in the crypto market or what do you guys think?
Source: https://nairametrics.com/2024/03/14/elon-musk-hints-possibility-of-accepting-dogecoin-for-tesla-car-purchase/

[Adreman23]

Elon musk have showed interest in Doge coins on several occasions even endorsed it and now he is hinting a possibility of using Doge coin to purchase Tesla Cars is going to be another move to hype Doge coins and possibly increase it's performance in the crypto market or what do you guys think?
Source: https://nairametrics.com/2024/03/14/elon-musk-hints-possibility-of-accepting-dogecoin-for-tesla-car-purchase/

Dogecoin has the potential to generate hype or fomo, especially among fans of Elon musk. This is also good news for many doge holders aspiring to buy a tesla car. However, if someone already has the means to purchase a tesla, I believe they wouldn't necessarily convert their assets into Doge just to make the purchase.

[Orpichukwu]

Elon Musk and his games: as we all know, this is not his first move to start accepting Dogecoin payments in his business and yet he has failed to implement them on so many occasions. So why does he still come up to announce that now, or is it another move to pump the attention of investors to that area? 
 
Let's watch and see if he will eventually get that started this time, and if he does, then it will be a good thing for Dogecoin holders because the price of the coin might see another surge just as last time when he took it upon himself to promote the coin to where it is today. 

[JeromeTash]

Perhaps a plan to pump the coin more and manipulate the market like it was last time?
Why didn't he make the announcement during the bear market or when Tesla has stopped using Bitcoin as a payment method. Anyway, I don't think people will be moved like last time when it was a one-man show.

[Mate2237]

 Elon Musk is an influential person in the cryptocurrency ecosystem world and that will be a plus to the Dogecoin project. It will make the coin to have more value and rise in rate in the cryptocurrency market. It has been long I have been hearing that Elon Musk was the one that making Dogecoin to in value but I have not really seen him invest heavily like the way he does with bitcoin. Is it that he is trying to patronize the coin or he is investing in it willingly? Because if he was investing willingly then the coin price would increase more than that.

[Sophokles]

This was expected since Elon declared himself a doge father. I think he is not happy with the performance of doge and still holding his bag of doge. Now he wants to add utilities to it to pump the price to get exit liquidity. Just tell me why people will use doge to pay for Tesla when there are more legal and widely available options. This can only be useful to OG doge holders who want to use doge on everything. The number of people in this group are enough? I don't think so.

[nelson4lov]

I will take such news with a grain of salt because they can't just list DOGE as a payment method because it would have its own legal repercussions. Dogecoin being a shitcoin makes it even more bad. This is different from the times he just outright tweets Doge tweets and pictures since that's just freedom of speech. If Dogecoin will add any cryptos as a payment option, I reckon it would be around the class of Bitcoin, Ethereum or Solana. Other than that, these Dogecoin narrative seems far fetched. Things might change in future though but for now, I think it's a no no.

[Saisher]

Elon musk have showed interest in Doge coins on several occasions even endorsed it and now he is hinting a possibility of using Doge coin to purchase Tesla Cars is going to be another move to hype Doge coins and possibly increase it's performance in the crypto market or what do you guys think?
Source: https://nairametrics.com/2024/03/14/elon-musk-hints-possibility-of-accepting-dogecoin-for-tesla-car-purchase/

If this happens we will see more meme coins coming into the market, as long as Elon Musk supports the number of Meme coins in the market we'll still see them at the top of the market, and investors will keep looking for the next big meme coin in the market.
So far a lot of meme coins like Shiba and Pepe are still good in the market and with this new hype expect other meme coins to perform well in the market.

[Belarge]

Elon musk have showed interest in Doge coins on several occasions even endorsed it and now he is hinting a possibility of using Doge coin to purchase Tesla Cars is going to be another move to hype Doge coins and possibly increase it's performance in the crypto market or what do you guys think?
Source: https://nairametrics.com/2024/03/14/elon-musk-hints-possibility-of-accepting-dogecoin-for-tesla-car-purchase/

Dogecoin used in purchasing Tesla cars will only increase the value of dogecoin. Elon Musk is a whale in the market and have frequently bagged huge pieces of coins unknown but he decided to explore the price of Dogecoin in the market. We all know the story of dogecoin to be an abandoned project in the market but looking at the forcible actions pulled by Elon Musk, who happen to be the CEO of the project, he's keen of reviving the projects back to active bull run, remember bitcoin halving is in some weeks from now and that's also good news for other altcoins to rejoined in tracks for skyrocketing runs.

[evichi]

I think Elon Musk's hint should be taken seriously because Elon is an influencer in the crypto space. Those who know the role of 'hype' in the crypto space and if such hype is to take place during this bull run, those holding Doge coin may make real profit. Doge coin is currently occupying number 9 (nine) position on the Coinmarketcap rank, indicating it as one of the oldest, strong meme coin in the crypto space. In my point of view, holding Doge coin in anticipation of Elon's plan to use it for Tesla car purchase could be worthwhile.

[X-ray]

Elon musk have showed interest in Doge coins on several occasions even endorsed it and now he is hinting a possibility of using Doge coin to purchase Tesla Cars is going to be another move to hype Doge coins and possibly increase it's performance in the crypto market or what do you guys think?
Source: https://nairametrics.com/2024/03/14/elon-musk-hints-possibility-of-accepting-dogecoin-for-tesla-car-purchase/

There's no problem for tesla by adding doge as one of payment sistem. Nothing wrong with it. This is also adding the real usage for doge coin in real life but basically, any crypto can be used to buy tesla as long as they do have the value. It's not always focusing on doge coin.

Some things that pushes tesla to accept doge coin is


-Big liquidity
-Widely accepted by many exchangesites.

I think that the problem related to the volatility of coin can be solved easily through doing instant transaction. Doge has good scalability and this can also be used as sense eason to accept doge coin as a payment too.
doge coin can also be accepted even in the various store as well. The key is about how fast the store cna validate and exchange the doge coin into the FIAT asap.

This has been planned by elon since last year but it's executed this time.

[peter0425]

Elon musk have showed interest in Doge coins on several occasions even endorsed it and now he is hinting a possibility of using Doge coin to purchase Tesla Cars is going to be another move to hype Doge coins and possibly increase it's performance in the crypto market or what do you guys think?
Source: https://nairametrics.com/2024/03/14/elon-musk-hints-possibility-of-accepting-dogecoin-for-tesla-car-purchase/

Here we go again , Elon and His strategy to shill ..

How many times have he done this in memecoins? so now here it is making a hint to boost dogecoin once again so expect bull in dogecoin any time now.

I think Elon Musk's hint should be taken seriously because Elon is an influencer in the crypto space. Those who know the role of 'hype' in the crypto space and if such hype is to take place during this bull run, those holding Doge coin may make real profit. Doge coin is currently occupying number 9 (nine) position on the Coinmarketcap rank, indicating it as one of the oldest, strong meme coin in the crypto space. In my point of view, holding Doge coin in anticipation of Elon's plan to use it for Tesla car purchase could be worthwhile.

Don't worry mate he does that all the time so I believe that crypto people already knew what does he mean here.

[Geurangsang]

I think Elon Musk is a great businessman.  He was able to see the opportunity to promote Doge for the umpteenth time.  I think this will lift Dogecoin once again in this bullish periode.  I think this is an advantage for holders of these coins because you can be sure that the price will rise soon.  But from my point of view, Musk is only doing hype to increase the price of Doge.  Doge is not the best coin at the moment, and why is Doge only accepted?  I am a little disappointed with this Elon Musk's attitude.

[JeffBrad12]

Honestly they could've integrated it from long ago especially in his new platform that is twitter but I don't know why he keeps delaying.
but I guess considering the recent pumps that doge coin have and the massive liquidity that it is having as many have stated above it does make sense.
but the thing with elon is that he likes marketing stunt, i remember back then where his company buying btc just to dump it again later on.
it couid be either good sign or a bad sign depending whether you are pessimist or optimist but I personally would just sweep this kind of news under the rug
i better off hearing some news about eth approval rather than just elon accepting doge or something like that just for marketing stunt.
thats just my opinion though at the end of the day i could be wrong.

[Bureau]

Another tactic by Musk, to manipulate the market and this time it is not working. Dogecoin is one of the best meme coins but it has nothing else to offer using it as a payment to buy Tesla depends on him. The market does not like speculation anymore in meme coins as they have seen what happened in 2021. Dogecoin has still not been able to gain those highs and is still falling. Whereas meme coins like PEPE have been pumping well in the current market. Unless Musk starts accepting dogecoin as a payment for Tesla I do not think the market will react.

[God bless u]

How the hype will come. I mean the doge coins will be used by the holders and they'll buy the car if they have the coins of cars worth. Why people will get their assets into exchanges and Then convert them into dege coins and then buy the Tesla car. Do you really think people will do that? If you're thinking that then you are at a very big mistake brother.

Yeah it can be an option if he gives discounts to people who'll buy doge coins and then can discuss the matters with the project owners. This can potentially attract some people to buy with doge coins otherwise I think it'll be of no use to introduce this even if it's true.

[Wysi]

 During previous bull run the power of Elon was Just massive and Doge coin crossed all the borders now the hype has been dropped and stop encouraging them the life of innocent people is impacting a lot here Elon is not bothered about anyone. The dominance and hype has to come to an end, Lets believe in the Utility of a project rather than giving priority to celebrities.

The entire forum knows how this coin Impacted a big Jolt in Crypto sphere well that was purely a hype lets keep a Full Stop and end this chain as doge is worth asset or whatsoever. Lets believe on our own fashion rather than following up celebrities.

[Kelward]

How the hype will come. I mean the doge coins will be used by the holders and they'll buy the car if they have the coins of cars worth. Why people will get their assets into exchanges and Then convert them into dege coins and then buy the Tesla car. Do you really think people will do that? If you're thinking that then you are at a very big mistake brother.

Yeah it can be an option if he gives discounts to people who'll buy doge coins and then can discuss the matters with the project owners. This can potentially attract some people to buy with doge coins otherwise I think it'll be of no use to introduce this even if it's true.

If Elon Musk, is planning to accept dogecoin, for the purchase of Tesla cars, then the question will be how many crypto investors that are willing to purchase a Tesla, with dogecoin? And can the average crypto holder afford to buy a Tesla car?  So it's not really about accepting dogecoin for the purchase of Tesla, but a hype for the memecoin, in this bull run, so a push buy a major whale like Elon, can make doge, to hype and pump, to attract investors to it, it's just a promotion strategy. I guess that investors that are up for it can buy it now before it's price starts to surge, I think that it has the potentials.

[Husires]

I thought the topic was dated 2021, but the matter was raised several times when Musk had an impact on the price of Dogecoin, but even if it were accepted now, it would not have an impact on the price rising as it was in the past.
If Tesla accepts Dogecoin, then Bitcoin or Ethereum will certainly be accepted (if he is afraid of climate groups and POW).

[electronicash]

How the hype will come. I mean the doge coins will be used by the holders and they'll buy the car if they have the coins of cars worth. Why people will get their assets into exchanges and Then convert them into dege coins and then buy the Tesla car. Do you really think people will do that? If you're thinking that then you are at a very big mistake brother.

Yeah it can be an option if he gives discounts to people who'll buy doge coins and then can discuss the matters with the project owners. This can potentially attract some people to buy with doge coins otherwise I think it'll be of no use to introduce this even if it's true.

If Elon Musk, is planning to accept dogecoin, for the purchase of Tesla cars, then the question will be how many crypto investors that are willing to purchase a Tesla, with dogecoin? And can the average crypto holder afford to buy a Tesla car?  So it's not really about accepting dogecoin for the purchase of Tesla, but a hype for the memecoin, in this bull run, so a push buy a major whale like Elon, can make doge, to hype and pump, to attract investors to it, it's just a promotion strategy. I guess that investors that are up for it can buy it now before it's price starts to surge, I think that it has the potentials.

that's also a good point. even if he will accept doge for tesla car, the price is just too much to buy one. doge has to have a real good price for someone to consider buying tesla with doge. regardless of whether Elon is playing around again. this could likely pump doge to another heights. we doge holders will still like it.

there is so much going on to elon though so you can expect the guy to prioritize crypto these days, his space project just plummet and then twitterx is just going to be scrutinized for this coming election again.