Can we see a huge rise in the price of Dogecoin ? - page 5.

Sayeds56

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Quote from: GreatArkansas on November 08, 2022, 10:19:36 AM

The case of Dogecoin for me now will also depend on the move of the whole cryptocurrency market cap or Bitcoin market.
As you can see, Dogecoin became an indicator for every bull run we already experienced because, most of the time, we can see Dogecoin is starting to pump and after that, the whole market follows Bitcoin. (Excluded the Elon Musk Dogecoin tweets)

Dogecoin is worth taking risk because there are rumors in the market that Elon musk might decide to use to make payment of verification fee as well it is in the list of top ten coins on coinmarketcap and daily trading volume is reasonable., though I am least interested in meme coins as most of them have no use case which i think is most important factor to consider when you buy any digital asset.

albon

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Any pump can happen to the price of any meme coin overnight only if there is hype, frankly one of the best meme coins for me is Dogecoin and I see that after the Twitter deal acquired by Musk, expectations indicate that the price of Dogecoin will rise because it will be adopted by Twitter users, but there is no confirmed news, it is just speculation, about me, I do not want to risk even a dollar in meme coins in general, but if you have more money than you need, you can invest in Dogecoin and Shiba Inu, they are among the best meme coins to date.

len01

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Quote from: krishnaverma on November 06, 2022, 04:55:11 AM

So is it possible that he will use the ownership title of Twitter to push the prices of Dogecoin also ?

maybe yes and maybe no. because we all have no idea what Elon Musk is planning right now. but what we know now is that Elon Musk is trying to promote Dogecoin in hopes of pushing the price higher than before.

Quote from: krishnaverma on November 06, 2022, 04:55:11 AM

I have observed some increase in prices already but will it continue for long run ?

as we saw earlier. Elon Musk once promoted Dogecoin through Twitter tweets and after that the pump price was very high and after that it fell again. but the dump in price does not return to the initial price which only has a smaller value.
So there is a possibility that it will be long term if Elon Musk still has a way of always pushing the price of Dogecoin even higher

Quote from: krishnaverma on November 06, 2022, 04:55:11 AM

Do you think one should bet on this event and spend good amount of money on dogecoin for reaping the benefits later ?

back to each of us. because everyone has their own analysis to continue to follow Dogecoin or stop not investing in Dogecoin anymore. but I myself don't want to follow Dogecoin anymore with my analysis (when the coin is controlled by 1 person, he has full rights to drop the price whenever he wants just for personal gain)

Gayong88

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This is something we have to wait and see. There's no way of knowing what Elon Musk's plans are regarding cryptocurrencies—but given his interest in bitcoin and the underlying blockchain concept, it's certainly possible he can help spur prices in the right direction.

The cryptocurrency market today has faced many regulatory changes. Many countries are making moves to regulate the crypto market, and it can be quite bearish at times. Having said that, I believe that bitcoin will eventually survive through these changes and take over the financial markets. Becoming a hedge bet is something the most successful investors have been doing for centuries, especially those who risk everyone's money.

In my opinion, it would be a safe bet to see Dogecoin as a hedging mechanism in case anything might happen in the cryptocurrency market.

Truyet Lan

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Musk has a huge number of fans. Even if he promotes other coins, that coin will definitely rise significantly in a short time. He is an influential man.
There are also many people who dislike Musk, but that is not a problem for Musk, he has made enough money.

michellee

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No one knows if the current owner of Twitter can push the price of Dogecoin or whether the price of Dogecoin will be difficult to increase. But everything is still possible to improve as we know that anything can happen in crypto, even for a coin like Dogecoin. Dogecoin used to be a meme coin used for gambling but after the price increased several times, people paid more attention to Dogecoin and hoped that the price could increase again during the altcoin season. One cannot bet on Dogecoin if they do not know for sure what is going on in the Dogecoin project and better choose another coin with more potential to increase. And they shouldn't rely on Elon Musk.

Ayers

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Quote from: Ayers on November 07, 2022, 12:37:32 AM

Quote from: blockman on November 06, 2022, 07:28:05 AM

Quote from: krishnaverma on November 06, 2022, 04:55:11 AM

Elon Musk is a big supporter of Dogecoin and has promoted it multiple times. Now he also owns Twitter where he has many times pushed different crypto projects and caused big fluctuations in the price of different crypto coins.

So is it possible that he will use the ownership title of Twitter to push the prices of Dogecoin also ? I have observed some increase in prices already but will it continue for long run ? Do you think one should bet on this event and spend good amount of money on dogecoin for reaping the benefits later ? Or we should not rely on a man like Elon Musk who has made contradictory statements about bitcoin is past? Which side are you ?

We don't know but if he really likes Dogecoin to the point of accepting it for his companies, he should have done that long time ago with Tesla and Space X and with any other ventures that he got.
I'm doubting that he'll be accepting directly payments with Dogecoin but it's likely that he'll allow some third party services that will be integrated with Twitter to accept payments in doge or any other crypto.

I don't think it's a good idea, it's good for him to hold the doge and use it to make money, but it's better not to incorporate the doge into outside businesses. I think he has yet to apply doge to his company payments, which is a really wise move.
Cryptocurrency is very volatile and if he applies it to his company sometimes it will be detrimental to the company, it is not an act of showing affection or proving to someone, with that action he got himself into trouble.

if the payment is via crypto doge, the ownership must always change the amount according to the usdt exchange rate. yes you are right with what you said because of the fluctuating nature of the coin. I like concepts like payments through crypto, this really supports the progress of crypto in the future, which I'm worried about, I don't want selfishness to damage this bad crypto environment, which must be anticipated

You see, the market is very volatile and unpredictable. Let's say if he accepts payment in doge and within the last 3 days the doge price has dropped by 43% in value and if those payments are not converted to fiat immediately they will lose a lot of money. As an investor, we probably won't lose anything if we haven't sold any coins yet but for a business where capital is constantly being rotated to make a profit, it is a serious loss. He has a reason not to accept crypto payments to his company.

adzino

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Quote from: krishnaverma on November 06, 2022, 04:55:11 AM

Elon Musk is a big supporter of Dogecoin and has promoted it multiple times. Now he also owns Twitter where he has many times pushed different crypto projects and caused big fluctuations in the price of different crypto coins.

So is it possible that he will use the ownership title of Twitter to push the prices of Dogecoin also ? I have observed some increase in prices already but will it continue for long run ? Do you think one should bet on this event and spend good amount of money on dogecoin for reaping the benefits later ? Or we should not rely on a man like Elon Musk who has made contradictory statements about bitcoin is past? Which side are you ?

The price did went up when Elon bought twitter. As usual people are/were expecting Elon Musk to integrate dogecoin with twitter somehow. So people kept on buying doge, the price went up, Elon made a tweet about doge, the price went up more and now it is a whole different story. Due to an exchange (FTX), the market is now crashing, bitcoin went below 16,000 USD but doge crashed even more. Currently is down more than 40%. People weren't expecting this when they invested in doge. So, yeah, never invest based on some events. The crypto market is very volatile and you never know what might happen next. Yes, if Elon does make dogecoin as a way of making payment for the blue tick, then the price will go up.

GeorgeJohn

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From my observation their is every tendency that Doge will rise beyond the expectations of people, the way I'm seeing what's happening, i believe that Elon musk is fighting a way for a doge to have more supportive, so since Doge has a backup like Elon it can rise, because another factor is that Elon one of major factors while it bought Twitter is to have influence that will make him to bring the promotion of doge to be greater than any other coins.

GreatArkansas

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The case of Dogecoin for me now will also depend on the move of the whole cryptocurrency market cap or Bitcoin market.
As you can see, Dogecoin became an indicator for every bull run we already experienced because, most of the time, we can see Dogecoin is starting to pump and after that, the whole market follows Bitcoin. (Excluded the Elon Musk Dogecoin tweets)

justdimin

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Quote from: krishnaverma on November 06, 2022, 04:55:11 AM

Elon Musk is a big supporter of Dogecoin and has promoted it multiple times. Now he also owns Twitter where he has many times pushed different crypto projects and caused big fluctuations in the price of different crypto coins.

So is it possible that he will use the ownership title of Twitter to push the prices of Dogecoin also ? I have observed some increase in prices already but will it continue for long run ? Do you think one should bet on this event and spend good amount of money on dogecoin for reaping the benefits later ? Or we should not rely on a man like Elon Musk who has made contradictory statements about bitcoin is past? Which side are you ?

If he can be able to influence the price of cryptos in the past then why not now when he is now the owner of it? He can do more than just a tweet but he can make use of his favourite crypto as an official currency of Twitter to avail premium features. There will be a continuous demand for that coin which can make its value rise more stably. We can try on betting for that event but we should only use money that we can afford to lose.

A lot of us know that Elon's decision can change. It's possible for him to revoke the idea or change the coin with another one. We only need to watch out for this so that we can leave immediately before we suffer losses.

WalkerIVIV

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in the end it it's definitely on elon to decide whether it's in his vision in term of increasing the value of doge coin, after all if he did wants to increase the value of doge coin he could easily implements this coin into his twitter platform and it could easily increase in value, but whether the increase will be sustaining is still a big question. I think the recent increase of value in dogecoin will be long lasting ones, so many doge fans are anticipating their coin to be implemented in twitter right now.

Scripture

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After this time, we can see everything in the market. He bought it again for 44 billion dollars when he normally bought it for 128 billion dollars. Why shouldn't he manipulate the market with dogecoin with this price difference?
I think he will make good use of this opportunity when he has made so much money profit. Let's see if there is a slight rise, whether this will continue or not is the important part.

Hmmm the reason why the huge rise in the price Doge coin happen it is because of the rumors in the Twitter I think, but then I have this thing, I think Elon will create a new one instead of having only a Doge coin, he Will create new tokens that an be only bought in Twitter for subscribers. Just like what every one is saying, he needs to get back the amount of money he invested to buy Twitter.

Not his sole money but yeah the purpose of acquiring Twitter is to get more profit, that’s why he’s already working for that. Anyway, there is always hype with regards to DOGE when it comes to relation with Elon, there’s no clear statement about this and just a rumor yet the price reacted on this news. Elon is very innovative, I’m thinking that he will create his own coin that can be used in Twitter platform. DOGE is a meme token, and being manipulated, be careful with the hype because there’s a risk on that.

nurilham

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Quote from: krishnaverma on November 06, 2022, 04:55:11 AM

Is it possible that he will use the ownership title of Twitter to push the prices of Dogecoin also ?

He already did it. He already pushed Doge price even before he become the owner of Twitter.
The current jump in Doge price is also affected by the news that Elon wants to make Doge as a payment tool on Twitter Blue.

https://www.cnbc.com/2022/04/10/elon-musk-on-changes-to-twitter-blue-says-dogecoin-should-be-accepted.html

Quote from: krishnaverma on November 06, 2022, 04:55:11 AM

I have observed some increase in prices already but will it continue for long run ?

No one knows it, it depends on Elon Musk and how people trust on Elon's statements.
When people no longer trust on Elon's statements, the demand for Dogecoin won't increase. This situation will make no raise in Doge price, instead the price may be getting decrease day after day.

Quote from: krishnaverma on November 06, 2022, 04:55:11 AM

Do you think one should bet on this event and spend good amount of money on dogecoin for reaping the benefits later ? Or we should not rely on a man like Elon Musk who has made contradictory statements about bitcoin is past?

Simply don't rely on any person in the world, including Elon Musk. We don't know what Elon Musk plans for Doge in the future. It is not impossible if someday he said he is no longer interested in Dogecoin since it has no fundamentals to survive for a long time.

Coyster

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Quote from: krishnaverma on November 06, 2022, 04:55:11 AM

Do you think one should bet on this event and spend good amount of money on dogecoin for reaping the benefits later ? Or we should not rely on a man like Elon Musk who has made contradictory statements about bitcoin is past? Which side are you ?

I don't think one should bet on a crypto because one person is causing hype and promoting it, what a very risky thing to do, this can be akin to manipulation, and it doesn't end well. When a coin can be manipulated by one or a few persons, then mind you that the same coin can likewise crash due to the actions and influence of that person or a few people too, it goes both ways and anything can happen.

Having said that, if you believe there is a new hype coming that would pump Dogecoin then you can invest, but for the short term, because hype never lasts long, especially when it is driven by one man, if you want to spend a good amount of money on a coin and reap the benefits in the long run you should look at coins that have an actual utility and aren't basically driven by solely hype/manipulation.

Flexystar

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Elon Musk is a Mystery Box.

You never know whats going on his mind at any given time. Just saw the news that twitter is now going to monetize the content just like other platforms available there and start giving money to the users too.

Now I don't see any reason why Elon won't come up with the idea that lets monetize everyone in the DOGE form.

Remember the SNL show? How he bragged about the mother day gift of DOGE coins? I am still suspecting that they are hodling huge chunk of it and would want to grow them with monetization strategy ahead of the time.

We can only wait and watch in this situation because it's Elon and he could do bad ass stuff.

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Quote from: krishnaverma on November 06, 2022, 04:55:11 AM

Elon Musk is a big supporter of Dogecoin and has promoted it multiple times. Now he also owns Twitter where he has many times pushed different crypto projects and caused big fluctuations in the price of different crypto coins.

So is it possible that he will use the ownership title of Twitter to push the prices of Dogecoin also ? I have observed some increase in prices already but will it continue for long run ? Do you think one should bet on this event and spend good amount of money on dogecoin for reaping the benefits later ? Or we should not rely on a man like Elon Musk who has made contradictory statements about bitcoin is past? Which side are you ?

I'm not saying that a huge rise of DOGE may not happen at all, because we all believe that nothing is impossible. But the reality nowadays is that we just simply do not know when that will happen next? Elon Musk have already done that before, but I don't think his next plan of hype won't impact much on DOGE's price anymore. That's just my opinion of course.

shinratensei_

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Don't you aware if elon is the main reason why doge coin being pumped so hard? He was making so many gimmicks related with the doge coin and his millions followers were always taking his action as a signal to buy the coin.

The huge rise in the doge coin will be inevitable. Elon may make it goes even higher if twitter will be announced to accept the doge coin as a part of its payment system. Recently subscription already implemented and then i think that we will be going to see him making another tweet about doge coin.
The impact from the richest man in the world was so crazy. It can send the price of doge coin to go up so fast just in over night.

The community was still waiting for another huge news or tweet that may come from him soon.

Ayers

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Quote from: blockman on November 06, 2022, 07:28:05 AM

Quote from: krishnaverma on November 06, 2022, 04:55:11 AM

Elon Musk is a big supporter of Dogecoin and has promoted it multiple times. Now he also owns Twitter where he has many times pushed different crypto projects and caused big fluctuations in the price of different crypto coins.

So is it possible that he will use the ownership title of Twitter to push the prices of Dogecoin also ? I have observed some increase in prices already but will it continue for long run ? Do you think one should bet on this event and spend good amount of money on dogecoin for reaping the benefits later ? Or we should not rely on a man like Elon Musk who has made contradictory statements about bitcoin is past? Which side are you ?

We don't know but if he really likes Dogecoin to the point of accepting it for his companies, he should have done that long time ago with Tesla and Space X and with any other ventures that he got.
I'm doubting that he'll be accepting directly payments with Dogecoin but it's likely that he'll allow some third party services that will be integrated with Twitter to accept payments in doge or any other crypto.

I don't think it's a good idea, it's good for him to hold the doge and use it to make money, but it's better not to incorporate the doge into outside businesses. I think he has yet to apply doge to his company payments, which is a really wise move.
Cryptocurrency is very volatile and if he applies it to his company sometimes it will be detrimental to the company, it is not an act of showing affection or proving to someone, with that action he got himself into trouble.

Maestro75

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Quote from: blockman on November 06, 2022, 07:28:05 AM

We don't know but if he really likes Dogecoin to the point of accepting it for his companies, he should have done that long time ago with Tesla and Space X and with any other ventures that he got.
I'm doubting that he'll be accepting directly payments with Dogecoin but it's likely that he'll allow some third party services that will be integrated with Twitter to accept payments in doge or any other crypto.

It can be that maybe Elon Musk wants to keep a different profile with Tesla and other companies he runs from Twitter, that is likely why he will accept Dogecoin as means of payment on his Twitter platform but not on all others. He was twitting about Dogecoin long before he bought Twitter and I do not see why he will want to stop now. On the announcement that he had bought it, price of Dogecoin went up and gave holders a new faith in the coin. It is a good investment to buy that coin now as I do not see it dumping. Buy, wait and sell when you think price has increased enough.

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