Do you think Elon accepting Doge at Tesla will stop the latest slide in prices? - page 2.

MadeMen

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Quote from: alchymist on December 14, 2021, 06:42:18 AM

At about 12:00 UTC today, Elon declared that Tesla will start accepting Doge for merch payments

From my perspective, the fact that tesla is now accepting dogecoin makes the coin more than a meme coin as dogecoin is now a means of settling payment and as such shares some qualities with Bitcoin and ethereum. There's no such thing as a useless or worthless cryptocurrency. Dogecoin still has more prospects, if it's also a good crypto for payments.

geegaw

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Quote from: azhariejaya on December 15, 2021, 04:32:51 AM

Quote from: sirminesalot on December 14, 2021, 09:09:48 PM

If the doge not relying on elon words anymore on what it could rely ? doge has no usecase and future plans, this coins price will increase only if people are on hype for this coin. So i think it's better to leave this coin for a long time investment since having profits from this coin is really speculative.
Investing on any coin that hype when someone blow it up is a high risk investment, could grant much profits if the investment been done in the right time but could make loss if wrong.

The interesting question is that when Elon's tweet no longer affects Dogecoin, what will happen to the DogeCoin price in the future because seeing the current conditions, only Elon can affect Dogecoin's price in the market. We must consider this if we want to invest in Dogecoin, whether the price of Doge will continue to rise in the future with the hope that the influence of Elon's tweet can still increase the price.

I can answer for you that without the status of Elon Musk, dogecoin slippage will also stop with another attempt, Elon Musk can be considered as a large piece of wood that is being stacked at the feet of Dogecoin, this wood will not burn on its own, it needs people like whales or some kind of group here to turn on the lighter. Under Elon Musk era, dogecoin is more liked and he actively promotes it too, under other eras may not enjoy such incentives but dogecoin is the main brand for the manipulation and high valuation industry, there is no best wood, there will also be special wood sources that provide high heat for dogecoin

Gozie51

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Quote from: josephdd1 on December 14, 2021, 11:23:17 PM

Actually, I don't think that this news is capable of breaking the trend. When Elon Musk declared this, Doge grew up by 25%, but it seems to me that red market will continue. Elon Musk influence mostly meme coins, but he doesn't have such a big impact on other cryptocurrency. Actually, I will not get to know about this if you didn't write about this, so I think that there are many other people who don't know about this as well, so there will be no reactions from their side.

The reason of not being a popular coin that is known by everyone will not be the reason that doge will not increase in price but the reason will be that bitcoin itself is dropping and likewise other big coins so dogecoin that is regarded as meme can't just take the stage. If this happens, it means Elon musk will be regarded as Satoshi in the crypto space.

lenovop-70

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Yes I read the news a few days ago, and DOGE soared after it was published, Elon loves this coin so much, and his next game on DOGE has just started. I think other shitcoins behind DOGE will also taken steps to follow suit, like my notes about DOGE and shitcoins before, i hope so, since i have some drowned shitcoins.

azhariejaya

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Quote from: sirminesalot on December 14, 2021, 09:09:48 PM

If the doge not relying on elon words anymore on what it could rely ? doge has no usecase and future plans, this coins price will increase only if people are on hype for this coin. So i think it's better to leave this coin for a long time investment since having profits from this coin is really speculative.
Investing on any coin that hype when someone blow it up is a high risk investment, could grant much profits if the investment been done in the right time but could make loss if wrong.

The interesting question is that when Elon's tweet no longer affects Dogecoin, what will happen to the DogeCoin price in the future because seeing the current conditions, only Elon can affect Dogecoin's price in the market. We must consider this if we want to invest in Dogecoin, whether the price of Doge will continue to rise in the future with the hope that the influence of Elon's tweet can still increase the price.

josephdd1

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Actually, I don't think that this news is capable of breaking the trend. When Elon Musk declared this, Doge grew up by 25%, but it seems to me that red market will continue. Elon Musk influence mostly meme coins, but he doesn't have such a big impact on other cryptocurrency. Actually, I will not get to know about this if you didn't write about this, so I think that there are many other people who don't know about this as well, so there will be no reactions from their side.

michellee

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Quote from: Shasha80 on December 14, 2021, 08:38:14 PM

Quote from: michellee on December 14, 2021, 01:31:01 PM

Quote from: alchymist on December 14, 2021, 06:42:18 AM

At about 12:00 UTC today, Elon declared that Tesla will start accepting Doge for merch payments

It seems that is why Dogecoin has already increased for a moment, although we do not know if the price can still increase or it will be back to the lower price. But now, the price is down again so we need to be careful because there is no guarantee if the price can be back increased. I think Elon is trying to interference with the Dogecoin market and it has already happened. We do not know what Elon wants this time but surely, he has his own agenda by declaring that news.

This is good news for Dogecoin holders, because since Elon Musk stated that Tesla will start accepting Dogecoin as payment. The price of Dogecoin is
starting to rise quite high, this is a very positive thing, even now the price of Dogecoin has increased by about 16% in 24 hours and there is
a possibility that it could go even higher in the next few days. But I doubt this Dogecoin rise will last long, if anyone has capital can take advantage of
this moment for short-term trading. Then I think Elon Musk doing this does have its own agenda, one of the agenda is Elon Musk wants to repeat
the hype that happened to Dogecoin. Indeed, we must always be careful if we want to invest in Dogecoin, all meme coins including Dogecoin carry
a very high risk. Always monitor the price of Dogecoin as often as possible, this news will definitely make the price of Dogecoin very volatile.

Indeed. Dogecoin holders can profit from the increase yesterday and enjoy the profit. Hopefully, Elon does not mess the situation like before so he can slowly fix his reputation in crypto and reach more customers for his company. If we talk about the rise of Dogecoin, maybe that needs more time to see Dogecoin can increase more because Dogecoin is already got the new ATH and it seems the price will stay on that price for some time. Even if Elon says something about Dogecoin, that will not be easy to lift the price up like before. I do not think Elon can repeat the hype as before since Dogecoin holders already profit in the last ATH. I like Dogecoin as much as Bitcoin. To invest in Dogecoin needs to wait for a while because the price is not too good to buy.

yazher

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Quote from: alchymist on December 14, 2021, 06:42:18 AM

At about 12:00 UTC today, Elon declared that Tesla will start accepting Doge for merch payments

Is he willing to take this kind of risk then he is really doing everything to save the price from further crashing into the bottom?

We need to consider that despite putting his business on the table, he still looking to earn money from it which will make us think that he can pull back what he just said now anytime he wants.
That's why, we need to be careful and not to rush to buy Doge again when things aren't really providing enough sense because after all, the coin has no other use except this one.

sirminesalot

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Quote from: Fundamentals Of on December 14, 2021, 08:55:11 PM

If this has some effect, and it has as the price of Doge shows, this is going to be temporary. The market is bearish at the moment and Doge could not just rely on the words of Elon Musk for its rise. And this is not something new. So the effect will be of lesser degree than the first and probably second time Elon Musk showed support for Doge. And of course this is not Tesla cars that could be bought using Doge. This is just Tesla merch.

If the doge not relying on elon words anymore on what it could rely ? doge has no usecase and future plans, this coins price will increase only if people are on hype for this coin. So i think it's better to leave this coin for a long time investment since having profits from this coin is really speculative.
Investing on any coin that hype when someone blow it up is a high risk investment, could grant much profits if the investment been done in the right time but could make loss if wrong.

Fundamentals Of

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If this has some effect, and it has as the price of Doge shows, this is going to be temporary. The market is bearish at the moment and Doge could not just rely on the words of Elon Musk for its rise. And this is not something new. So the effect will be of lesser degree than the first and probably second time Elon Musk showed support for Doge. And of course this is not Tesla cars that could be bought using Doge. This is just Tesla merch.

Shasha80

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Quote from: michellee on December 14, 2021, 01:31:01 PM

Quote from: alchymist on December 14, 2021, 06:42:18 AM

At about 12:00 UTC today, Elon declared that Tesla will start accepting Doge for merch payments

It seems that is why Dogecoin has already increased for a moment, although we do not know if the price can still increase or it will be back to the lower price. But now, the price is down again so we need to be careful because there is no guarantee if the price can be back increased. I think Elon is trying to interference with the Dogecoin market and it has already happened. We do not know what Elon wants this time but surely, he has his own agenda by declaring that news.

This is good news for Dogecoin holders, because since Elon Musk stated that Tesla will start accepting Dogecoin as payment. The price of Dogecoin is
starting to rise quite high, this is a very positive thing, even now the price of Dogecoin has increased by about 16% in 24 hours and there is
a possibility that it could go even higher in the next few days. But I doubt this Dogecoin rise will last long, if anyone has capital can take advantage of
this moment for short-term trading. Then I think Elon Musk doing this does have its own agenda, one of the agenda is Elon Musk wants to repeat
the hype that happened to Dogecoin. Indeed, we must always be careful if we want to invest in Dogecoin, all meme coins including Dogecoin carry
a very high risk. Always monitor the price of Dogecoin as often as possible, this news will definitely make the price of Dogecoin very volatile.

wheelz1200

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Quote from: alchymist on December 14, 2021, 06:42:18 AM

At about 12:00 UTC today, Elon declared that Tesla will start accepting Doge for merch payments

No, doge slid right back after the pump yeah its still higher but after the honeymoon of that announcement wears off its gonna continue the slide down. Sell the news is true here. Was a good opportunity to get put of a bad position. People who held are gonna be upset with themselves once it's back to $.16 and continues the slide back to ~40 sats where this whole thing started.

llecrf

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Quote from: alchymist on December 14, 2021, 06:42:18 AM

At about 12:00 UTC today, Elon declared that Tesla will start accepting Doge for merch payments

If I look at it from a crypto perspective as a whole, the current situation will push all coin prices back up.
We can see that some of the steps taken by Elon Musk at that time had boosted the price of Bitcoin, hopefully with this news the price of the coin will rise again and by the end of the year several other coins will be able to reach ATH.

btc_angela

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Quote from: TelolettOm on December 14, 2021, 05:39:52 PM

Actually if this really happens and will be done in order to be one of the payment method, it will be a very good news. But I don't know if this is only short politic to rise up Doge and then someday this will end soon after Elon can rise up the price and take more profits.
We don't know how exactly Elon and Tesla are planning right now. We may be happy about tis good news, this add more value and also utility of Doge itself.
But once more, just be ready for all probabilities in the future, because we cannot trust anyone very highly moreover if they have certain similar reason at the past.

Doge will definitely rise at it is one meme coin that Musk love to promote and shill for.

And him announcing that they will accept it, will put the price to the moon again and good for it's bag holders and then some investors who have been holding it even at the start of this year.

For the heath of the overall market though, it could rally some coins and have a positive impact but only in the top 10-20. All other coins shouldn't be affected by this, expect maybe pump and dump and shitcoins to be used by this groups again to ride on this news.

bct-user

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Elon is playing us, he is not so stupid to accept Doge payment for his company products. I am sure he is not serious to accept Doge, he declared it for a Doge promotion only. He can revoke his statement any time, he only needs to give some reasons about revoking it. For everyone, don't be trapped to buy Doge because of Elon's tweets.

sheenshane

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Quote from: tvplus006 on December 14, 2021, 06:45:50 PM

Quote from: Gozie51 on December 14, 2021, 07:35:27 AM

Quote from: alchymist on December 14, 2021, 06:42:18 AM

At about 12:00 UTC today, Elon declared that Tesla will start accepting Doge for merch payments

You can add the link of where the speech was made exactly so that users can read because such news of Tesla adopting the use of doge as there payment cryptocurrency has been in the news for long, everybody waiting but the time wasn't released and now you have released the time. Help with the link too.

Yes, indeed, Elon Musk posted a tweet that some merch will be sold for Doge: https://twitter.com/elonmusk/status/1470703708677840896 Obviously, it was this tweet that pushed the price of Doge by 30%. So there is nothing surprising in this choice, knowing about Elon Musk love for this coin.

Quote

Tesla will make some merch buyable with Doge & see how it goes

He really loves this coin and even CZ had arguments with this between Elon Musk.
I have doubt that he has another hidden agenda on this and guess what it is, profit, it's an earning when Dogecoin will boost the price. He really knows that it will not work on Bitcoin even though how influenced he is because crypto enthusiast has been experienced this when he was making a FUD before.

At this point, I don't care and it's not being surprised to know this news. I know that from time to time this will happen because he was also a big whale in the Doge community.

tvplus006

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Quote from: Gozie51 on December 14, 2021, 07:35:27 AM

Quote from: alchymist on December 14, 2021, 06:42:18 AM

At about 12:00 UTC today, Elon declared that Tesla will start accepting Doge for merch payments

You can add the link of where the speech was made exactly so that users can read because such news of Tesla adopting the use of doge as there payment cryptocurrency has been in the news for long, everybody waiting but the time wasn't released and now you have released the time. Help with the link too.

Yes, indeed, Elon Musk posted a tweet that some merch will be sold for Doge: https://twitter.com/elonmusk/status/1470703708677840896 Obviously, it was this tweet that pushed the price of Doge by 30%. So there is nothing surprising in this choice, knowing about Elon Musk love for this coin.

Quote

Tesla will make some merch buyable with Doge & see how it goes

TelolettOm

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Actually if this really happens and will be done in order to be one of the payment method, it will be a very good news. But I don't know if this is only short politic to rise up Doge and then someday this will end soon after Elon can rise up the price and take more profits.
We don't know how exactly Elon and Tesla are planning right now. We may be happy about tis good news, this add more value and also utility of Doge itself.
But once more, just be ready for all probabilities in the future, because we cannot trust anyone very highly moreover if they have certain similar reason at the past.

marilynmanson21

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from his tweet on twitter, tesla received dogecoin, it made the value of doge go green instantly, i really hope that elon plays a big role in the price increase, if he tweets about btc, btc will fly again like early last year
unfortunately it's only doge that he chirps so it doesn't affect the other coins, and who knows how long the doge value will go up will it reach 1$

Yogee

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The hype of Doge to be accepted by Tesla is gone since it's been floating around for months. Almost every meme tokens will be tagging Elon pretty soon shilling their own while claiming it's better then Doge or the next Doge. I remember some guy asking Elon if he has a bag of Shiba Inu replied he doesn't have any hehehe.

Topic: Do you think Elon accepting Doge at Tesla will stop the latest slide in prices? - page 2. (Read 409 times)