Can we see a huge rise in the price of Dogecoin ? - page 6.

Maestro75

sr. member

Activity: 1890

Merit: 328

Quote from: blockman on November 06, 2022, 08:28:05 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.

Dimitri94

full member

Activity: 742

Merit: 157

Cryptocurrency and Elon Musk both are very familiar name. But Elon Musk's popularity in crypto has been reduced by the investors. Investors were worried about the regularly posts on Twitter about Doge Coin and at one point his words and actions were largely inconsistent. But he is not an anti about crypto. He has recently taken ownership of Twitter which has somewhat influenced Doge Coin. But this doesn't seem to last long as the market could turn lower again anytime.

BigBos

sr. member

Activity: 1876

Merit: 447

Quote from: KennyR on November 06, 2022, 06:21:51 PM

Quote from: ?? on ??

Elon Musk is businessman and he can use sale strategies to increase revenue of company. I doubt he will be directly part of Doge pump but everything is possible on Twitter that controlled by Elon's team. Let's see what happens.

Already he have made a big fortune out of it. Now owning Twitter have made people believe he'll manipulate the market. Even after the acquiring of Twitter there is good rise in the market of dogecoin.

My point of view on the rise of DogeCoin in the past weeks is because Elon Musk is a fanatical investor of Doge Coin, of course, everyone knows that, by the market mechanism, seeing the news of Elon Musk buying Twitter, with its popularity affecting the DogeCoin market so many retail traders bought it.
I don't agree if you say it's to manipulate the market, it's impossible because if Elon wants to manipulate the market with twitter it will be very easy for him to do that considering his followers reach 114.6 M users on Twitter at this time. however, we can't conclude anything about this, because we don't know what Elon Musk is actually planning in the future besides that he also doesn't confirm the speculations circulating about the dogecoin.

tbct_mt2

hero member

Activity: 2254

Merit: 831

Quote from: Wexnident on November 06, 2022, 09:40:40 PM

Maybe if he implements Dogecoin towards services that Twitter uses. Heck even without doing anything I think Dogecoin owners would hype it out since they can freely assume that Elon would inevitably do something positive with DogeCoin together with Twitter, I'd imagine the market would pump immediately if he announces any official direct involvement with it.

Because Elon Musk already became a new owner of Twitter, Chief Twit as is written on his Twitter profile, people believe that he will use Twitter as one of his ways to shill Dogecoin.

I don't think they are wrong about that but Dogecoin has a good specification technically, it is a Proof of Work coin so it won't die if mining won't stop.

Moreover, Dogecoin has a big influencer, Elon Musk and he has a big Twitter account that can be used very effectively to shill Dogecoin, if he wants to.

Wexnident

hero member

Activity: 2506

Merit: 628

I don't take loans, ask for sig if I ever do.

Maybe if he implements Dogecoin towards services that Twitter uses. Heck even without doing anything I think Dogecoin owners would hype it out since they can freely assume that Elon would inevitably do something positive with DogeCoin together with Twitter, I'd imagine the market would pump immediately if he announces any official direct involvement with it. I wouldn't put it past him to actually do it, but I think it'd still take some time since he's still solidifying his control over Twitter. Maybe after the implementation of the paid verification mark we'd see some announcements about it.

KennyR

hero member

Activity: 2282

Merit: 532

Sugars.zone | DatingFi - Earn for Posting

Quote from: ?? on ??

Elon Musk is businessman and he can use sale strategies to increase revenue of company. I doubt he will be directly part of Doge pump but everything is possible on Twitter that controlled by Elon's team. Let's see what happens.

Already he have made a big fortune out of it. Now owning Twitter have made people believe he'll manipulate the market. Even after the acquiring of Twitter there is good rise in the market of dogecoin. As stated, he's a businessman and his views will be on the same note to generate revenue. His involvement to pump doge directly could happen only on acquiring the doge network, which won't happen. For now it is time to be cautious and make some profit through his activities.

uneng

hero member

Activity: 2002

Merit: 775

Leading Crypto Sports Betting & Casino Platform

The only correlation between twitter purchase and dogecoin would be the introduction of the cryptocurrency inside the platform for subscription payments or the potential feature of sending tips on the platform to another users. Besides these two concepts, I don't see why dogecoin would gain more value solely based on twitter being acquired by Elon Musk. Companies are traded all the time and cryptocurrencies don't get hyped because of that.

But if you believe doge can be introduced to twitter's environment soon, make sure to hold some coins.

Jackl87

sr. member

Activity: 1722

Merit: 269

Quote from: krishnaverma on November 06, 2022, 05:55:11 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 think we should not expect to much from Elon Musk in terms of really pushing the adoption of Dogecoin and cryptocurrencies as a whole. I think that he likes the idea of cryptos and is also supporting it but it does not really have a very high priority for him i would guess. He is doing so many things at the same time that he can not really spend a lot of time and energy to push cryptos. I also think that the first big effect of his tweets about Dogecoin have already worn off. So even if he makes a positive tweet about Dogecoin now it is nothing new anymore and it will not really have a big effect on the price anymore.

fzkto

sr. member

Activity: 2254

Merit: 439

Leading Crypto Sports Betting & Casino Platform

Even if Elon Musk finds a use for dogecoin on Twitter, I don't think there will be as much explosive growth now as there was in 2021. Elon has manipulated the price too many times and now he has less credibility. If DOGE used to be very cheap and no one needed it, now it is a top coin with a huge capitalisation that will be hard to inflate.

Tony116

legendary

Activity: 2072

Merit: 1023

★Bitvest.io★ Play Plinko or Invest!

Quote from: Ziskinberg on November 06, 2022, 09:23:29 AM

We can't simply erase the huge event that ever happen to Dogecoin from our minds before. He shilled Dogecoin and make it hypes causing the price to climb up high. Now, most of us are still thinking the same story again. Unfortunately, we simply don't know about it as he never tells us what he gonna do with Dogecoin. But, in some other way, we can expect support from Him to this meme coin, he can't just leave it for sure.

But on the other side, I believe he buys Twitter not for crypto, not for the said purposes. But probably he is doing this to expand his influence and attention in social media. Just my thought...

He is the best businessman in the world and he owns 5 companies at the same time, he wouldn't be stupid enough to spend 44 billion to buy twitter just for dogecoin or crypto. He definitely had a plan for his entire business before buying twitter. People seem to be wrong to think that he is a crypto lover what he is doing is for profit and not for the market or the future of doge.

In my opinion, doge is really lucky to be picked by him but will also die if he switches to frolicking with another coin, maybe it will but for now doge will still benefit a lot from him.

Ziskinberg

hero member

Activity: 2926

Merit: 636

For campaign management look for Little Mouse!

We can't simply erase the huge event that ever happen to Dogecoin from our minds before. He shilled Dogecoin and make it hypes causing the price to climb up high. Now, most of us are still thinking the same story again. Unfortunately, we simply don't know about it as he never tells us what he gonna do with Dogecoin. But, in some other way, we can expect support from Him to this meme coin, he can't just leave it for sure.

But on the other side, I believe he buys Twitter not for crypto, not for the said purposes. But probably he is doing this to expand his influence and attention in social media. Just my thought...

asriloni

legendary

Activity: 2996

Merit: 1023

Leading Crypto Sports Betting & Casino Platform

Quote from: krishnaverma on November 06, 2022, 05:55:11 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.

Agreed with your statement. The latest pump of doge coin happened due to the elon musk. This billionaire is always pushing the price of doge coin. So many doge coin fans were seeing him as a father of meme coin. Cheesy

Any tweet came from him about meme coin could give a huge impact to the price of doge coin. The new rumour about doge coin will be accepted by twitter as a payment system.

Quote from: krishnaverma on November 06, 2022, 05:55:11 AM

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

It's possible and why not? since he has acquired twitter and his has all of control over twitter.

Quote from: krishnaverma on November 06, 2022, 05:55:11 AM

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 ?

It will as long as bitcoin will not be going down again. Bitcoin needs to get a steady run to make sure if doge coin pump will be even longer. You're too late to join in the party, why don't you buy doge coin when the price was around 5 cents?

blockman

hero member

Activity: 2660

Merit: 608

Vave.com - Crypto Casino

Quote from: krishnaverma on November 06, 2022, 05:55:11 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.

stadus

legendary

Activity: 3080

Merit: 1292

Hhampuz for Campaign management

Quote from: krishnaverma on November 06, 2022, 05:55:11 AM

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 ?

Nobody knows about it but I see that Elon Musk has a plan for Dogecoin and the acquisition of Twitter could possibly have participated in it. Well, if that be going to happen then many investors will become happy with that, and I am also happy with them. As they are trusting this coin, they deserve to gain returns but until now, it was just speculation and only Elon Musk knows his plan for Dogecoin.
Let us see what will happen a few years from now and we don't have to miss his announcement/post on social media for this a way he give hints to the community.

krishnaverma

full member

Activity: 1246

Merit: 105

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 ?

Topic: Can we see a huge rise in the price of Dogecoin ? - page 6. (Read 1072 times)