People are getting bored with FOMO tweet created by elon musk. People know if elon is having big bags of doge coin. That's why any tweet created by elon will not give any impact anymore with the doge coin. I should remind you that if these days doge coin is not so volatile caused by it has very big marketcap and big news is the only thing can create FOMO. Elon's tweet didn't create FOMO anymore It's sad to see those who have bought this meme coin at the peak price. Im still waiting what will be gonna do by elon to give utility to the doge coin. The acceptance by tesla for doge coin to buy the tesla mercg didn't create a lot of differences.
You must remember that this coin has infinite supply even if the block generation is getting limited.
Topic: A quick question!! (Read 458 times)
Elon Musk influence on Dogecoins seems to have dropped, why ?
It dropped due to fud and other competition fud, many people used to believed that dogecoins was strongly backed up by Elon, unfortunately negative news and other different bad ideas poisoned the mindset of holders. Basically, that's a huge factor why this current situation begun to outburst in line with Bitcoin's huge fall from $60k down to nearly $30k starting 2022.
You don't need a FUD for Dogecoin's price to drop. It is enough for people to educate themselves and find out why the Dogecoin price was rising. Of course, Elon Musk was pumping up the DOGE price with his tweets about it. Whenever the price is pumped it has to drop eventually. It's just a natural process that happens with every coin or product that is hyped.
Elon Musk influence on Dogecoins seems to have dropped, why ?
It dropped due to fud and other competition fud, many people used to believed that dogecoins was strongly backed up by Elon, unfortunately negative news and other different bad ideas poisoned the mindset of holders. Basically, that's a huge factor why this current situation begun to outburst in line with Bitcoin's huge fall from $60k down to nearly $30k starting 2022.
right now a lot of people are disappointed with meme coins especially with dogecoin, because the price has fallen very deep and so far there are no signs of going up again, I think this is why crypto users don't respect Elon Must anymore, especially with his tweets on Twitter , now everyone knows that Elon used Dogecoin to attract the attention of his company Tesla, where he made transactions using Dogecoin only temporarily time.
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Frustrated and lost cash makes financial backers more intelligent nowadays. Yet, he helped spread the word about cryptographic money however so that is as yet something of a decent impact. Market isn't on great shape and still on skirt of promising and less promising times. So its not unexpected that doge cannot offset the red market. Without a doubt doge siphoned a piece however that is an ordinary development since there is a declaration.
After the lost of many users from Dogecoin, they were expecting get to 1$ but it ends dropping down. That is a total disappointment from his followers and they found him not accountable to his words and after which there were lots rejection in the market.
I don't follow his tweets anymore.
I don't follow his tweets anymore.
Elon Musk is still a big character and Elon Musk's character is not because of Dogecoin. It's just that some people know him through Dogecoin. I think many people can feel that Dogecoin is not a coin that is able to provide profits or price explosions like it used to be. Dogecoin is just a meme coin that will never be the same as other coins.
Maybe he is no longer affected because he can only make jokes to attract attention to his tesla company, and make transactions using bitcoin only last a moment and now have used dogecoin but not so influential on the current price, and this also affects the value of the coin that is experiencing a decline and we just wait for a surprise for the future.
Indeed, for now the movement of dogecoin has weakened even at a time when bitcoin is increasing but the value of dogekoin can not increase as we expect even though Elon Musk has made transactions using dogekoin in his tesla company, I think this all happens because investors are not interested in what he makes on twitter because he thinks this is only a personal interest to attract attention in his company.
It is weakened because of the correction. Weakened because people have woke up from the truth that Elon Musk is only using them, weakened because the era of meme coins are now over, right now its now the era of nft's and metaverses.I do not know if that rumoured is true that Elon adds doge as one of the payment method for tesla but if ever that is, true I do not think dogecoin is serious enough for people to use it when they buy a car or we do not know maybe dogecoin was already remove just like what happen with bitcoin before, you know Elon, he changes his mind easily. That also makes the dogecoin weaker.
No effect on Mr. Elon Musk. Elon Musk is a person who has influenced the Crypto room if we browse further. Of course Dogecoin is lucky to have a figure of Mr. Elon Musk in it who idolized Dogecoin so that Dogecoin was famous for the market from worthless so it could be valuable.
On the one hand, yes, it must be acknowledged by many people, especially Elon Musk who has also said that Dogecoin can be used for Tesla payments if someone wants to buy a Tesla, but if you look in more detail at market conditions, Dogecoin has to fight harder in order to achieve this stay in a good position and also at a better value than now.that's Elon Musk. a person who really idolizes Dogecoin and of course Dogecoin will lose its influence without an EM figure.
Awareness of investors and traders makes their trust in Elon Musk decline. Many investors consider every recent tweet from Elon Musk, because so many investors lost after reading Elon Musk tweet on Twitter. Some investors say Elon Musk is a genius, because tweets from Elon Musk often cause price swings of crypto assets to move wildly, as happened to Doge and Shiba. Meanwhile, some say Elon Musk is "useless" because he has made them lose a lot of money.
Elon Musk influence on Dogecoins seems to have dropped, why ?
Tell me what coin or token that hasn't taken a beaten? Did you bother to check how even Bitcoin has plummeted to 50%? I think the market is going through a major correction and it shouldn't be seen as only a Dogecoin disappointment thing. When the market is dipping, fearful investors don't want to listen to motivational speakers (we can put Elon in that category). 
Indeed, for now the movement of dogecoin has weakened even at a time when bitcoin is increasing but the value of dogekoin can not increase as we expect even though Elon Musk has made transactions using dogekoin in his tesla company, I think this all happens because investors are not interested in what he makes on twitter because he thinks this is only a personal interest to attract attention in his company.
down to 0.18 because tesla merch is for a select few. no one cares about tesla merch. doge is a silly meme token and not amount of influance peddling will cause it to sour same fot that other shit token shiba inu.
It looks like it will be a little different between Dogecoin and Shiba Inu because Dogecoin is a meme coin that has been circulating in the crypto space for a long time although there is not much influence from it now, but for Shiba Inu it is just a meme token that is worse than Dogecoin so for its appeal and durability it is still very doubtful for the future. 
Elon Musk influence on Dogecoins seems to have dropped, why ?
Elon has his own plan to say about Dogecoin and many people's beliefs on them. But I do not think Elon can always do that as the public knows his secret plan. People need to be wise when they read about Elon's tweets and check for the other news to avoid getting into the trap. If people just follow without searching for more, they will regret it as they will not know the truth. If people can realize and have more info about what he says, they will not easily follow Elon and leave Elon.
No effect on Mr. Elon Musk. Elon Musk is a person who has influenced the Crypto room if we browse further. Of course Dogecoin is lucky to have a figure of Mr. Elon Musk in it who idolized Dogecoin so that Dogecoin was famous for the market from worthless so it could be valuable.
Elon Musk has dominance in the Doge price movement. Because when he make a post on Twitter then we see price increased and it’s happened a several time. Although i have seen in someone a tweeted where Elon Musk replied he has nothing hold with Shiba Inu but we don’t know whether he told the truth or not.
Don't also overestimate his influence on the price movement of DOGE. There used to be a time that one tweet of Musk about DOGE, gave a price increase of 30-40% but nowadays this isn't really the case; guess people are already used to see Musk tweeting about crypto.
Elon Musk influence on Dogecoins seems to have dropped, why ?
Did you thought that such influence would last forever? Why did you thought something like that? Many people revere Elon Musk in the same way they revered Steve Jobs, but he is a businessman and nothing more, people have realized that almost any comment that he makes about dogecoin is not really an implicit support for the coin but an attempt to manipulate the market, and when that is the case people make what they can to resist the influence of the one trying to make them to take decisions that go against their own self-interests.Or people are just realizing that they need tangible actions not only pure talk.
With several tweets towards doge and the hope of collaborating with doge for its network improvement, people are expecting something will happen.
But only tweets so far, we haven't seen results yet of those supposedly collaboration.
So the enthusiasm is waning as we are not seeing concrete plans here.
It may have big influence in the first few tweets, but as day goes by, people are getting the point already.
Elon Musk influence on Dogecoins seems to have dropped, why ?
It doesn't have to do with people now realizing something or what etc.
It's because influence alone isn't enough to maintain the hype. If there's no attempt to pump the price, others will not follow. People don't rely on being influenced by someone as long as the coin is creating hype or building momentum.
Believe me, when Elon started again to hype Doge and trigger another pump starting by those whales, it will bring another FOMO to the majority of the people.
Elon Musk influence on Dogecoins seems to have dropped, why ?
Coz people realized if they were getting fooloed by elon's tweet. Look at how elon was confirming if he was holding doge coin as well and i thought that the big wallet is also linked to him. The elon's impact would not be a long term impact and this already proven that even he was creating so many tweets about doge coin and that's the only important tweet that was giving impact to the price of doge coin. It seems like he must promote another shit scam meme tokens again to make some money like shiba. So many people are getting over speculation after the booming of meme tokens in the market.
People become even smarter right now. They know which to follow and which is not. If you're thinking the impact gonna be longterm and that's wrong.
Simply because people have already noticed how Elon Musk moves. Most of us have been wiser and have learned how to get rid of crypto manipulators. Elon's strategy isn't good for a long-term benefit so I guess his manipulation doesn't have a huge impact on Doge this time.
Elon Musk influence on Dogecoins seems to have dropped, why ?
Because Dogecoin has infinite supply, there are already billions of Dogecoin in circulation, and more are being mined daily. Elon Musk's influence is not enough to continue to push the price of Dogecoin that basically has no utility aside being a meme coin higher. His influence has pushed the price up to its limit and there is nothing left for him to do except to put his money into doge itself. 
Elon Musk influence on Dogecoins seems to have dropped, why ?
In any case, it was clear that Elon Musk's tweets had a limited effect on the masses over time. In order for a new cryptocurrency to have a great chance to outperform other cryptocurrencies in price, it needs new ideas for further development and new directions for further development of our world, or a significant increase in functional indicators. None of this exists in Dogecoin or other meme coins. Therefore, the hype around these meme-coins will end very soon, and Elon Musk will lose not only influence on the masses, but also partly the respect of people. Elon Musk influence on Dogecoins seems to have dropped, why ?
Lol it is not ELon Musk influence to dogecoin dropped instead Elon dropped the support for dogecoin 
because He found a New baby and that is Shiba Inu and now he is dropping that one again and will look for another coin to pump and earn profit .
Elon Musk influence on Dogecoins seems to have dropped, why ?
Because he is now shilling for another one , and with his behavior would you believe that he will stay in single currency as he wanted to earn billions of dollars using his popularity and he cannot do this with one coin like Doge or either Shiba or Bitcoin , he needs to explore more currency to find where will he get what he wanted.Elon Musk manipulates the mind with his chatter but it doesn't last long ,the awareness of investors or followers is much faster ! musk is like a whale that manipulates prices but with his mind ,a whale when it pump then attracts other traders' interest and then if it reaches the target then throws it away dump hard , not much different !
while you are nearly correct but the truth is He is the one who abandoned Dogecoin lol.Yes until now dogecoin is like a stranded whale thrown away by Elon musk but I still wonder if the price of dogecoin will return to its original price like years ago.?
Even if it returns to its original price, Dogecoin will become a very concerned coin meme.
Elon Musk influence on Dogecoins seems to have dropped, why ?
We can simply put it that people have opened their thinking and are wiser and don't want to be fooled around by one man’s tweet. Even recently that he went as far tweeting that Tesla is now accepting Doge, only very few people bothered about it and no big hype happened. I guess people are learning from their mistakes and it is good to see that, that's a good improvement among this crypto community.At the same time, we cannot predict the hobbies of billionaires, they may head up into anything at any time and then may get busy in some other things and may get back to old things again in random manner. I guess as Elon Musk decided to have dogecoin as on of payments for this one business then I guess he may not forget about dogecoin and when he will be actively doing something then I guess his influence will not go dropped.
Elon Musk influence on Dogecoins seems to have dropped, why ?
Coz people realized if they were getting fooloed by elon's tweet. Look at how elon was confirming if he was holding doge coin as well and i thought that the big wallet is also linked to him. The elon's impact would not be a long term impact and this already proven that even he was creating so many tweets about doge coin and that's the only important tweet that was giving impact to the price of doge coin. It seems like he must promote another shit scam meme tokens again to make some money like shiba. So many people are getting over speculation after the booming of meme tokens in the market.
People become even smarter right now. They know which to follow and which is not. If you're thinking the impact gonna be longterm and that's wrong.
For the longer period we had a influence of Elon Musk in the market.The price variation of dogecoin made a huge role in the influence of Elon musk. At first elon made a play of promotion of dogecoin. After the fall of dogecoin, people loss the trust over elon. This is huge difference in his influence in the market. Later people skip his twitter opinion on the cryptocurrency. To be frank, the elon are not here as a influencer now.
Dropped in what way?
Relate to the impact that created by elon. If this is true why did doge coin pumped again when Elon tweeted about accepting doge coin as means of payment on Tesla?
that's a new and no a tweet and can you differentiate between the news and tweet? that's why that news was pumping doge coin for a short term but the fundamental in the long term is still weak. If that's about a troll tweet by elon and im sure it will not be pumped again like that. Elon's announcement was giving a pump to the doge coin. Yea the pump isn't as big as what we have seen in the past but it still move the price anyways, also I believe BTC is better but doge isn't that bad either
The only problem is doge coin lack of utility and its tokenomic was so bad. It was going back again to the price before pump happened. BTC is far better from the various aspects. As you can see that doge coinis just a meme coin and it's not comparable with the doge coin. Elon Musk influence on Dogecoins seems to have dropped, why ?
Did you thought that such influence would last forever? Why did you thought something like that? Many people revere Elon Musk in the same way they revered Steve Jobs, but he is a businessman and nothing more, people have realized that almost any comment that he makes about dogecoin is not really an implicit support for the coin but an attempt to manipulate the market, and when that is the case people make what they can to resist the influence of the one trying to make them to take decisions that go against their own self-interests.Or people are just realizing that they need tangible actions not only pure talk.
With several tweets towards doge and the hope of collaborating with doge for its network improvement, people are expecting something will happen.
But only tweets so far, we haven't seen results yet of those supposedly collaboration.
So the enthusiasm is waning as we are not seeing concrete plans here.
It may have big influence in the first few tweets, but as day goes by, people are getting the point already.
Simply because elon is using his influence over and over again and doge holders seems becoming really tired of it. Even like that elon influence still significant in the market maybe because he’s still a famous figure.
Also, the market capital of doge coin has growed significantly, it needs more and more capital that flows in the market so this also contributes in the decrease of elon influence in the market.
Although honestly I never expected that his influence could still holds even after a year of shill it seems his influence will still exists in the future but surely it's decreasing more and more, traders should be wise and looking at fundamental is number 1 priority.
That's why elon's tweet is having low impact to the doge coin. A big news totally needed to pump the doge coin and this time it's not about the tweet anymore from him.
Also, the market capital of doge coin has growed significantly, it needs more and more capital that flows in the market so this also contributes in the decrease of elon influence in the market.
Although honestly I never expected that his influence could still holds even after a year of shill it seems his influence will still exists in the future but surely it's decreasing more and more, traders should be wise and looking at fundamental is number 1 priority.
That's why elon's tweet is having low impact to the doge coin. A big news totally needed to pump the doge coin and this time it's not about the tweet anymore from him.
Can't just expect Elon Musk's influence to make the Dogecoin pump, because in the end many investors realized that Elon Musk was only manipulating
the price of Dogecoin for his own benefit, and evidently now Elon Musk's influence is starting to decline. So slowly Dogecoin began to be abandoned
by investors, so Elon Musk couldn't make Dogecoin price always pump. Therefore it is actually not a good choice to invest because of
the influence of famous people, we have to choose coins for investment really based on the research and analysis we do. I agree that instead of
taking the risk of investing in meme coins, why don't we focus on investing in coins that do have strong fundamentals. Coins with strong fundamentals
are usually safer for investment, because the demand is very high, eventually making the price increase in the future.
Elon Musk influence on Dogecoins seems to have dropped, why ?
Did you thought that such influence would last forever? Why did you thought something like that? Many people revere Elon Musk in the same way they revered Steve Jobs, but he is a businessman and nothing more, people have realized that almost any comment that he makes about dogecoin is not really an implicit support for the coin but an attempt to manipulate the market, and when that is the case people make what they can to resist the influence of the one trying to make them to take decisions that go against their own self-interests. Elon Musk influence on Dogecoins seems to have dropped, why ?
Of course, Elon Musk had an impact on the rise of DOGE coin. But of course, Elon Musk does not manage the demands. Such movements in the markets give confidence in the first place and then become stable. Maybe it's because it couldn't position DOGE well for the future.
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Simply because elon is using his influence over and over again and doge holders seems becoming really tired of it. Even like that elon influence still significant in the market maybe because he’s still a famous figure.
Also, the market capital of doge coin has growed significantly, it needs more and more capital that flows in the market so this also contributes in the decrease of elon influence in the market.
Although honestly I never expected that his influence could still holds even after a year of shill it seems his influence will still exists in the future but surely it's decreasing more and more, traders should be wise and looking at fundamental is number 1 priority.
That's why elon's tweet is having low impact to the doge coin. A big news totally needed to pump the doge coin and this time it's not about the tweet anymore from him.
Also, the market capital of doge coin has growed significantly, it needs more and more capital that flows in the market so this also contributes in the decrease of elon influence in the market.
Although honestly I never expected that his influence could still holds even after a year of shill it seems his influence will still exists in the future but surely it's decreasing more and more, traders should be wise and looking at fundamental is number 1 priority.
That's why elon's tweet is having low impact to the doge coin. A big news totally needed to pump the doge coin and this time it's not about the tweet anymore from him.
Elon Musk influence on Dogecoins seems to have dropped, why ?
Because he is now shilling for another one , and with his behavior would you believe that he will stay in single currency as he wanted to earn billions of dollars using his popularity and he cannot do this with one coin like Doge or either Shiba or Bitcoin , he needs to explore more currency to find where will he get what he wanted.Elon Musk manipulates the mind with his chatter but it doesn't last long ,the awareness of investors or followers is much faster ! musk is like a whale that manipulates prices but with his mind ,a whale when it pump then attracts other traders' interest and then if it reaches the target then throws it away dump hard , not much different !
while you are nearly correct but the truth is He is the one who abandoned Dogecoin lol. I don't think the influence has dropped. He still mentions Doge here and there. Yet, I think there are enough people who lose money by putting in their life-savings because of these stupid endorsements he gives to Doge. For people like you and me, who frequent crypto-circles, we know that what he is doing is typical of any so-called crypto-influencer. So much so, that shilling is an acceptable way in crypto. Even if the calls fail, people will always tell you that "Dude, don't follow my buys..i just post random shit I like".
When it comes to Musk, there are enough newbies who have only heard of crypto in passing. Yet, when they hear Musk say "Doge", i am sure they are 100% convinced that Doge is going to be some Mars coin. A lot of them would have bought in with all they have and they lost the money to the serious, more experienced people in crypto. This has created the cycle of people knowing that its just a joke and an attention-garnering mechanism for him.
Now if Elon comes to his sense and realizes that DOGE has literally NOTHING to offer compared to Bitcoin, and then starts talking about LN, for he apparently cares about small payments, the situation may well resolve. Otherwise its just a tiger he is riding and can't stop anymore.
When it comes to Musk, there are enough newbies who have only heard of crypto in passing. Yet, when they hear Musk say "Doge", i am sure they are 100% convinced that Doge is going to be some Mars coin. A lot of them would have bought in with all they have and they lost the money to the serious, more experienced people in crypto. This has created the cycle of people knowing that its just a joke and an attention-garnering mechanism for him.
Now if Elon comes to his sense and realizes that DOGE has literally NOTHING to offer compared to Bitcoin, and then starts talking about LN, for he apparently cares about small payments, the situation may well resolve. Otherwise its just a tiger he is riding and can't stop anymore.
Nothing positive comes out of all he does of late, it'll be best if he just stop and start being impactful.
Newbies lossing as a result of this.
Elon Musk influence on Dogecoins seems to have dropped, why ?
If we see from how the condition and the price movement of Dogecoin right now even after the announcement of its use case for Tesla, yes, I also think that he doesn't have that very high influence again to Dogecoin. In that past time, Elon Musk has a really big influence that make Doge price could pump very significant. But now, many more people are aware of how hype and FOMO spread by Elon Musk and Tesla. Most of them may not be influenced or not sure again about the power of Elon Musk again.
Moreover, many Doge holders may not believe again with the pump news by hm.
People may get bored of the pump situation created b the same person again and again.
Elon Musk influence on Dogecoins seems to have dropped, why ?
Hype like Elon Musk i think almost same when Mcafee talk about crypto too, it is only affected at first but for the next usually not much who affected because people know it is some kind of market manipulation. But for me, i think as long it can give profit, we can ride on the trend too and take the chance no matter how small it is.
Dogecoin rose thanks to the right Elon Musk. But it wasn't just Elon Musk's contribution. It showed a good rise in the period when the market and money inflows and outflows were very good. Elon Musk made the right guidance in the right market conditions with both the power of his money, the power of his social media and smart moves. In the current market conditions, money and bitcoin are stable. The vast majority of new investors are at a loss and cannot show the doge effect. In time, it will turn out to be a real bubble.
Elon Musk manipulates the mind with his chatter but it doesn't last long ,the awareness of investors or followers is much faster ! musk is like a whale that manipulates prices but with his mind ,a whale when it pump then attracts other traders' interest and then if it reaches the target then throws it away dump hard , not much different !
Elon Musk influence on Dogecoins seems to have dropped, why ?
The request for some rich person to increase your coins worth is the main reason why you should not get into crypto in the first place. If you are asking for some rich person to help you out, just go and beg him to give you money. He has done it before, but he has a lot of money, like literally 300+ billion dollars networth, just write under his tweets to give you money and beg him to pay you something decent.There is no difference at all between begging him to give you some money versus you hoping he would tweet something that would increase the price of dogecoin. Dogecoin is a shitcoin, it has been a shitcoin for YEARS now, and just because Elon tweeted about it, doesn't change that fact and if your entire reason to buy it was Elon, then you kind of deserve to lose money.
Elon Musk influence on Dogecoins seems to have dropped, why ?
Just think of this analogy (not analogy I think 
).If you trusted a friend and after few months, he backstabbed you and he did something that can end your relationship as friends. Do you think you will still trust him? You might say yes but most will say no.
Its almost the same case. Yes Musk has a huge influence with regards to DOGE that it pumped way high and for sure many investors profited into it but many lost their money into it. Throughout the years, Musk is saying anything that could hurt investors thus, untrusting him that caused his influence to crypto to slowly decrease including his influence with DOGE. I agree with some people who said that investors are now smarter because they really are. Investors are evolving year after year and investors are learning with their mistakes though there are some who are still experiencing mistakes but its ok. Mistakes is a good teacher because we are learning from them.
Elon Musk influence on Dogecoins seems to have dropped, why ?
That shouldn't even be a question. No wonder the influence is dropping because the whole market has been in a decline lately.
Another reason might be that people have actually realized Elon is just a Doge shiller and is manipulating the market.
Sooner or later this was gonna happen and I think this is just the beginning.
Dropped in what way? If this is true why did doge coin pumped again when Elon tweeted about accepting doge coin as means of payment on Tesla? Yea the pump isn't as big as what we have seen in the past but it still move the price anyways, also I believe BTC is better but doge isn't that bad either
IMO, I think most of the people were comparing with the previous Dogecoin pump when Elon Musk tweet about Dogecoin for the first time. that's why they are made to the conclusion that Elon's influence is slowly vanishing, But the time and the market situation has changed unlike before that the market was hot and very much alive unlike today that most of the cryptocurrency prices are slowly declining each day so its very different situation.
Elon Musk influence on Dogecoins seems to have dropped, why ?
market is on bearish situation and not yet showing positive sign mate so it's not surprising doge still stagnant and tends to drop more. But yeah elon musk is a good influencer wherein for sure once market become fine again they will start the business and there will be a lot of post from him once it's time to make hypes in doge. Lol The problem is the current situation is different than before. Previously Elon is accumulating before he hype Doge which literally only few holds but right not that most of Elon supporter already holds Doge as well as Elon himself. It's very hard for the price to attain that same level of hype since there's always a fear that Elon and other whales will dump the price. Doge is pumping even the market crash during its initial bullrun when Elon started hyping. It only means that Elon effect is really not big impact to all people that knows what might honna happened when they buy.
I don't think the influence has dropped. He still mentions Doge here and there. Yet, I think there are enough people who lose money by putting in their life-savings because of these stupid endorsements he gives to Doge. For people like you and me, who frequent crypto-circles, we know that what he is doing is typical of any so-called crypto-influencer. So much so, that shilling is an acceptable way in crypto. Even if the calls fail, people will always tell you that "Dude, don't follow my buys..i just post random shit I like".
When it comes to Musk, there are enough newbies who have only heard of crypto in passing. Yet, when they hear Musk say "Doge", i am sure they are 100% convinced that Doge is going to be some Mars coin. A lot of them would have bought in with all they have and they lost the money to the serious, more experienced people in crypto. This has created the cycle of people knowing that its just a joke and an attention-garnering mechanism for him.
Now if Elon comes to his sense and realizes that DOGE has literally NOTHING to offer compared to Bitcoin, and then starts talking about LN, for he apparently cares about small payments, the situation may well resolve. Otherwise its just a tiger he is riding and can't stop anymore.
When it comes to Musk, there are enough newbies who have only heard of crypto in passing. Yet, when they hear Musk say "Doge", i am sure they are 100% convinced that Doge is going to be some Mars coin. A lot of them would have bought in with all they have and they lost the money to the serious, more experienced people in crypto. This has created the cycle of people knowing that its just a joke and an attention-garnering mechanism for him.
Now if Elon comes to his sense and realizes that DOGE has literally NOTHING to offer compared to Bitcoin, and then starts talking about LN, for he apparently cares about small payments, the situation may well resolve. Otherwise its just a tiger he is riding and can't stop anymore.
Elon Musk influence on Dogecoins seems to have dropped, why ?
market is on bearish situation and not yet showing positive sign mate so it's not surprising doge still stagnant and tends to drop more. But yeah elon musk is a good influencer wherein for sure once market become fine again they will start the business and there will be a lot of post from him once it's time to make hypes in doge. Lol 
Elon Musk influence on Dogecoins seems to have dropped, why ?
it's been a long time since the days when Elon Musk started advertising DOGE to everyone, and people have become smarter, they don't want to become more than twice on this rake, because it's artificially created for the main whale of DOGE.
Elon Musk influence on Dogecoins seems to have dropped, why ?
Perhaps it could be of the following reasons:
1. Crypto enthusiast are tired of Elon Musk
2. They know that Elon has his own narrative behind for pushing Doge
3. We are already in a bear market
4. Musk don't have any more influence to us, specially after his attack on bitcoin (about the effects of it on the environment)
Or maybe just the combination of any of those mention about. I think it will be good if the market is not going to be influence by anyone, not even the richest person in the world.
I think everything you say is true. the crypto community is tired of it and many of them are starting to distrust Elon Musk anymore. the more narratives he aims for his own sake, the more people think of him badly. sooner or later its influence for the crypto market will disappear completely.
Elon Musk influence on Dogecoins seems to have dropped, why ?
When Elon tweets dump market 8 months ago ,people stopped to follow Elon.Before this i remember when he tweet something about Doge price rised 40% now and now when he tweet onky 10-15% increases.
Elon Musk influence on Dogecoins seems to have dropped, why ?
A project can not relay on influence alone in other to survive, there must be a solid utility otherwise the project risk being dumped by investors, and it will be a typical example of a pump and dump project, even if Elon decided to continue making those tweets to drive the price of dogecoin up, it will not be sustainable long term because investors will be tired of waiting for Elon's tweet all the time just to drive the price up.
Elon Musk will end up losing his respect one day mark my words because crypto space isn't a place where you do as you like for a very long term, you have the power to drive a coin price but the end will always be a bad one, he should have just sit in the shadows and do his thing
Elon Musk influence on Dogecoins seems to have dropped, why ?
Perhaps it could be of the following reasons:
1. Crypto enthusiast are tired of Elon Musk
2. They know that Elon has his own narrative behind for pushing Doge
3. We are already in a bear market
4. Musk don't have any more influence to us, specially after his attack on bitcoin (about the effects of it on the environment)
Or maybe just the combination of any of those mention about. I think it will be good if the market is not going to be influence by anyone, not even the richest person in the world.
Don't be fooled. Elon is playing. Tomorrow something new will come into his head, another coin, and what will we see? The same picture. The funny thing is that many people understand that Elon is manipulating the masses, but they turn into a crowd that obediently moves after him.
How urgent was the information for you? Did nobody die?
How urgent was the information for you? Did nobody die?
Elon Musk influence on Dogecoins seems to have dropped, why ?
Why? Because the current conditions are very different from last year where everyone believes that the market is bullish so that what news appears used for reference for a coin in the pump including dogecoin, but today many are still doubtful what will happen and surely many newbies investors became smarter because of learning from the experience faced some time ago.
Yes because they already think now, they haven't been aware because they are layman, but now most people have realized that not good FOMO is, it's a lot of possibility for losing your money if you follow it
I'm thankful that Elon musk supports doge coin mate because doge coin is what gave birth to many other meme coins like shiba inu where many millionaires are made, most comments I've read so far looks like having too much expectations from doge coin with the Tesla news well things don't always work that way
Wow, that question was so fast! Lol.
Jokes aside, Elon Musk having his influence on dogecoin or any crypto was inevitable. Even dogs remember and learn what is not good for their health or is painful for them. It is only natural that the masses will understand that Elon and the people who understands his tricks are only capitalizing on the sheep mindset of the masses. Too bad though that dogs are even better than some people since there will still be people that would choose to not abandon their sheep mindset either because of honest stupidiy or stupidity by ego.
Jokes aside, Elon Musk having his influence on dogecoin or any crypto was inevitable. Even dogs remember and learn what is not good for their health or is painful for them. It is only natural that the masses will understand that Elon and the people who understands his tricks are only capitalizing on the sheep mindset of the masses. Too bad though that dogs are even better than some people since there will still be people that would choose to not abandon their sheep mindset either because of honest stupidiy or stupidity by ego.
I think those that are complaining have a high expectations from the Tesla accepting doge coin news, maybe they expected 10x and it never happened lol, do you know how many zeros doge coin killed? If that's not enough already I don't know what to say anymore 😂 lower your expectations
Elon Musk influence on Dogecoins seems to have dropped, why ?
Why you think so? Cause the news of tesla accepting dogecoin does not pumped it hardly? Well thats pretty sure not a good excuse to check if Elon influence is fading. Market is not on good shape and still on verge of ups and downs. So its normal that doge cant outweight the red market. Indeed doge pumped a bit but thats a normal movement since there is an announcement. Wait for btc to go back to 60k plus and see those alts moon again. Elon Musk influence on Dogecoins seems to have dropped, why ?
everyone was bored and began to realize that what he said was not all good. Elon Musk always does it over and over again, saying A but other times saying B. He is very inconsistent and this is what makes him start to leave. most recently, he said he would accept doge for Tesla purchases. and I'm sure sooner or later he'll say he won't accept doge. it's like when he said the same for bitcoin.
The investors who were fooled now realized, it's not worth investing while Elon is just dumping his doge. He tried to accept cryptocurrency now with his Tesla but it got no massive effect these days unlike before that SNL where he trolled the doge publicly. Disappointed and lost money makes investors smarter these days. But he did help spread the word about cryptocurrency though so that's still something of a good effect.
Dropped in what way? If this is true why did doge coin pumped again when Elon tweeted about accepting doge coin as means of payment on Tesla? Yea the pump isn't as big as what we have seen in the past but it still move the price anyways, also I believe BTC is better but doge isn't that bad either
Elon Musk influence on Dogecoins seems to have dropped, why ?
Coz people realized if they were getting fooloed by elon's tweet. Look at how elon was confirming if he was holding doge coin as well and i thought that the big wallet is also linked to him. The elon's impact would not be a long term impact and this already proven that even he was creating so many tweets about doge coin and that's the only important tweet that was giving impact to the price of doge coin. It seems like he must promote another shit scam meme tokens again to make some money like shiba. So many people are getting over speculation after the booming of meme tokens in the market.
People become even smarter right now. They know which to follow and which is not. If you're thinking the impact gonna be longterm and that's wrong.
Good to see they're much wiser now.
I be pondering on this for some time now.
Hopefully they stick to Bitcoin, and hold for a Longer periods 🚀
Elon Musk influence on Dogecoins seems to have dropped, why ?
It's because people are wiser. Even he has mentioned again that people can buy merch of Tesla with Dogecoins, so what? That's it.
After all the hype that he has made, he's too late to act with that adoption and use case he's bringing to the dogecoin holders. If he just did that during the popularity of the hype.
I think it'll be more successful by that time.
Elon Musk influence on Dogecoins seems to have dropped, why ?
Coz people realized if they were getting fooloed by elon's tweet. Look at how elon was confirming if he was holding doge coin as well and i thought that the big wallet is also linked to him. The elon's impact would not be a long term impact and this already proven that even he was creating so many tweets about doge coin and that's the only important tweet that was giving impact to the price of doge coin. It seems like he must promote another shit scam meme tokens again to make some money like shiba. So many people are getting over speculation after the booming of meme tokens in the market.
People become even smarter right now. They know which to follow and which is not. If you're thinking the impact gonna be longterm and that's wrong.
Elon Musk influence on Dogecoins seems to have dropped, why ?
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