Dogecoin (DOGE) Pumps 10% As Elon Musk Links Memecoin To X - page 2.

poodle63

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Quote from: Yamifoud on November 09, 2023, 04:29:21 PM

There is nothing to wonder about because it normally happens to Dogecoin once Elon Musk gets into some announcements and mentions Doge, its price rises automatically. It is just like a magnet which is my many people can't leave this project believing that while there is Elon Musk behind, Dogecoin will give them profit.
Well, unlike other meme coins, Doge seems different and with the help of the community, this project remains known in the crypto space.

as I've observed with doge its always have strong link with whatever elon is stating meanwhile the other meme coin not so much, like shiba it was so much associated with elon back then when elon still shilling
for meme coin but right now its rather stagnant, i guess thats because elon kept on promoting doge coin even until today. but indeed its like magnet, whatever elon is saying kept getting associated with doge and therefore some pumps even at the silliest thing he'd say many doge investors are considering it as financial decision.
lets see how doge can fare in the next bullrun, i'm guessing its not gonna be that massive increase anymore but just stagnating though my guess most certainly could be wrong.

Yamifoud

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There is nothing to wonder about because it normally happens to Dogecoin once Elon Musk gets into some announcements and mentions Doge, its price rises automatically. It is just like a magnet which is my many people can't leave this project believing that while there is Elon Musk behind, Dogecoin will give them profit.
Well, unlike other meme coins, Doge seems different and with the help of the community, this project remains known in the crypto space.

sana54210

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Quote from: rodskee on November 09, 2023, 08:00:20 AM

Quote from: siedemtrzy on October 12, 2023, 05:54:39 AM

If you click the source you'll see that the original news was posted on 25th of July. So this post was absolutely outdated and pointless.

So it is an Old news from July ? but yet what he said is correct that each time Elon put Dogecoin even in
tweets? the price climb high and really bringing good fortune to all Dogecoin users.

But now Am not sure about the Eloncoin ? is that something to do with Elon Musk ? the one that pushes by
one of oldest member here and even bring a signature campaign? was curious if someone can give me hints on it.

The idea that whenever Elon tweets about doge the price of doge goes up is still valid, it is always true, he could tweet about it right now and the price will go up, that is guaranteed and nothing wrong with that. However, we are talking about something that is a little bit different here, we are talking about something that would be important to handle, and that is the fact that we are letting the crypto world be taken over by a single person, we should not allow that.

The fact that people spend their hard earned money based on what some rich person is talking about, is beyond bonkers and nobody should do that, they should avoid it as much as possible and we need to make sure that they are not investing because of him.

Sophokles

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I am really interested to see how a smart man like mask uses dogecoin in his rebranded X ecosystem. As he mentioned before X will be the next financial hub for users all over the world. So users will only be able to use doge like they are using fiat currencies for service and product payments or there will be other crypto and fiat currencies along with Doge. Sometimes it feels like he is doing this only to create hype about doge and he will allow doge as one of the options for payment along with other crypto and fiat currencies.

I think like this because using only doge as an alternative to fiat payment won't make X a popular financial hub. Some elon followers might use it but most will not because it is a highly speculative crypto asset. To be used as a payment gateway doge needs to be relatively stable compared to other crypto assets. If Elon manages to make the doge price somewhat stable investors will turn away from it as it will not give them much profit like other crypto. So it's all just highly speculative measure that everyone is thinking. It can be totally something else that elon is thinking about right now.

rodskee

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Quote from: siedemtrzy on October 12, 2023, 05:54:39 AM

Quote from: adaseb on October 11, 2023, 11:26:08 PM

I must be blind because I checked the chart, at least on the hourly and I don’t see any 10% pumps. All I see is a nasty crash on the 9th. When was this exactly?

Elon barely posts anything about Doge anymore and when he does the pumps are less and less effective. And they almost always fade. I think like 80% whenever he pumped Doge they shortly faded right after.

If you click the source you'll see that the original news was posted on 25th of July. So this post was absolutely outdated and pointless.

So it is an Old news from July ? but yet what he said is correct that each time Elon put Dogecoin even in
tweets? the price climb high and really bringing good fortune to all Dogecoin users.

But now Am not sure about the Eloncoin ? is that something to do with Elon Musk ? the one that pushes by
one of oldest member here and even bring a signature campaign? was curious if someone can give me hints on it.

Abiky

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Quote from: wheelz1200 on November 07, 2023, 05:34:02 PM

Dogecoins price is inherently tied to elon. I'd be very weary of anything that is tied to one specific person or one particular event. The problem with dogecoin is that a ton of people are already sitting on bags of it. They are looking to offload it so there will be a lot of sell pressure on it as it goes back up once we hit a bullrun.

I really hate it when all of the attention is focused on one person/entity. It makes the whole thing centralized. Most investors are only interested in Dogecoin if Elon Musk supports/patronizes it. Is this what crypto is all about?

Fortunately, the market seems to be moving away from Elon Musk. You can see DOGE's price unmoved even when he hinted again the possibility of adding DOGE into the "X" platform. Unless developers reduce the supply or introduce some sort of burning mechanism, don't expect Dogecoin to gain traction anytime soon. Maybe it will go back to sub $0.01 prices soon? Grin

Mate2237

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How can Elon Musk will be interested on a coin that has not even hit a dollar? I am still wondering why a coin or a project of many years is still battling to hit a dollar. Really the matter is not clear for me. If it is in 2024 Dogecoin will hit $1 dollar then it is better to invest in bitcoin than doge. Noso which a recent project (coin) is hitting $2+ and trying to hit 4-5 in the next 1-2 years to come. As you said if anyone is interested to invest with the money that you not yet to invest in a good projects but just want to drop it in Dogecoin then it is your choice.

Before you invest in project check the movement of the project for like 2 days to know the movement of the market if it will be a favourable one or not.

wheelz1200

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Quote from: cryptoWODL on October 08, 2023, 12:51:12 AM

A Dogecoin video artist just helped create an animation for Twitter’s “X” logo that was picked up by Elon Musk.

Dogecoin (DOGE) shot up another 10% on Tuesday on greater excitement surrounding Elon Musk’s rebranding of Twitter to “X”.
Tuesday’s rise follows a related post on Musk’s Twitter, where the tech mogul appeared to link X to the famous dog meme. Source

Dogecoins price is inherently tied to elon. I'd be very weary of anything that is tied to one specific person or one particular event. The problem with dogecoin is that a ton of people are already sitting on bags of it. They are looking to offload it so there will be a lot of sell pressure on it as it goes back up once we hit a bullrun.

Abiky

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Quote from: beerlover on October 31, 2023, 04:15:23 AM

Well, what do we expect? Apart from the fact that it was only a meme coin, the whole crypto market is still in dumped phase. Maybe there are people who are done with Elon but others are still there. They believe Elon will manipulate the coin again and they believe the coin can recover well when the bulls are back.

Maybe there are also problems which delays the idea and as we can see, X are still continuously being revamped. We can only make a proper conclusion once all operations are completed and we still don't see the coin there. If what you suggest from DOGE is considered, I think the views of the many are going to changed. And that alone can lift its price.

Only time will tell if Elon Musk will be able to integrate Dogecoin into "X". If materialized, Dogecoin's price could soar towards unprecedented levels. It's likely DOGE will be worth more than $1 after this. Without something that would "pump" the price of the "meme" coin, investors will eventually get tired. They will look for the next big thing in crypto.

I'd put my attention into serious cryptocurrencies that are driven by utility. Not hype. They have a higher chance of surviving the tide. Crypto land often behaves in many strange and bizarre ways, so expect the unexpected. Who knows how far Dogecoin will go? Just my opinion

beerlover

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Quote from: Abiky on October 29, 2023, 05:46:20 AM

Dogecoin is having a hard time reaching a new ATH. It can't even get past the $0.10 range. I guess investors are tired of Elon Musk with the constant shilling of the "meme" coin. The guy used to make false promises of integrating DOGE into Twitter (now called "X"). Nothing ever materialized, so the market is reacting negatively against the cryptocurrency.

Unless Dogecoin developers introduce some sort of burning mechanism or make the cryptocurrency deflationary, I don't see market prices going anywhere soon. Good for DOGE, because it was never meant to be taken seriously. Maybe we'll see prices heading below $0.01 sometime in the future? Grin

Well, what do we expect? Apart from the fact that it was only a meme coin, the whole crypto market is still in dumped phase. Maybe there are people who are done with Elon but others are still there. They believe Elon will manipulate the coin again and they believe the coin can recover well when the bulls are back.

Maybe there are also problems which delays the idea and as we can see, X are still continuously being revamped. We can only make a proper conclusion once all operations are completed and we still don't see the coin there. If what you suggest from DOGE is considered, I think the views of the many are going to changed. And that alone can lift its price.

Abiky

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Quote from: adaseb on October 11, 2023, 11:26:08 PM

I must be blind because I checked the chart, at least on the hourly and I don’t see any 10% pumps. All I see is a nasty crash on the 9th. When was this exactly?

Elon barely posts anything about Doge anymore and when he does the pumps are less and less effective. And they almost always fade. I think like 80% whenever he pumped Doge they shortly faded right after.

Exactly. Dogecoin is having a hard time reaching a new ATH. It can't even get past the $0.10 range. I guess investors are tired of Elon Musk with the constant shilling of the "meme" coin. The guy used to make false promises of integrating DOGE into Twitter (now called "X"). Nothing ever materialized, so the market is reacting negatively against the cryptocurrency.

Unless Dogecoin developers introduce some sort of burning mechanism or make the cryptocurrency deflationary, I don't see market prices going anywhere soon. Good for DOGE, because it was never meant to be taken seriously. Maybe we'll see prices heading below $0.01 sometime in the future? Grin

savetheFORUM

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Quote from: cryptoWODL on October 08, 2023, 12:51:12 AM

A Dogecoin video artist just helped create an animation for Twitter’s “X” logo that was picked up by Elon Musk.

Dogecoin (DOGE) shot up another 10% on Tuesday on greater excitement surrounding Elon Musk’s rebranding of Twitter to “X”.
Tuesday’s rise follows a related post on Musk’s Twitter, where the tech mogul appeared to link X to the famous dog meme. Source

I wonder how long will dogecoin investors and holders depend on Elon Musk to keep pumping it so that they can earn some profit? Isn't it better to simply invest in an altcoin that has organic growth and it isn't completely dependent on a single person to make it go up and down? This is the reason why I'm not a fan of meme coins because they can't move without getting some hype either from the community or some celebrity who will need to do something to keep it moving.

If I had any investment in Dogecoin, I would exit as soon as would get in profit and invest that amount into another altcoin that I know has the potential to go up and down without having to depend on someone so that I can rest assured that my investment will grow over time and I wouldn't be looking for a Tweet or something.

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Quote from: adaseb on October 11, 2023, 11:26:08 PM

I must be blind because I checked the chart, at least on the hourly and I don’t see any 10% pumps. All I see is a nasty crash on the 9th. When was this exactly?

Elon barely posts anything about Doge anymore and when he does the pumps are less and less effective. And they almost always fade. I think like 80% whenever he pumped Doge they shortly faded right after.

If you click the source you'll see that the original news was posted on 25th of July. So this post was absolutely outdated and pointless.

adaseb

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I must be blind because I checked the chart, at least on the hourly and I don’t see any 10% pumps. All I see is a nasty crash on the 9th. When was this exactly?

Elon barely posts anything about Doge anymore and when he does the pumps are less and less effective. And they almost always fade. I think like 80% whenever he pumped Doge they shortly faded right after.

kizlod

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Quote from: Xal0lex on October 11, 2023, 09:01:03 AM

Quote from: Fundamentals Of on October 09, 2023, 09:58:28 PM

Quote from: Xal0lex on October 09, 2023, 12:29:42 PM

Another attempt to manipulate the market with his media resources. Ilon Musk is faithful to his habits, and naive users react appropriately. Next, everything will go according to the old scenario, growth will stop, the price will return to the mark that was before the release of this news.

It should be noted that the capitalization of this coin is constantly decreasing and this coin soon risks to be thrown out of the top 10.

I actually don't understand why this big Doge army believes that Elon Musk is really supporting them. I can't believe how naive they are. Is it even confirmed that this man owns Doge? And how much of this shitcoin does he actually own? There are Doge holders who are now significantly falling in worth because of being too loyal to the meme coin. Nobody knows whether Musk is just using his influence to make money out of the ignorance of this Doge army. Doge loyalists should quit believing that Musk will bring them to the moon.

A lot of people need some kind of leader who will push them to make some kind of decision. Ilon Musk is doing a great job in that role. No one knows exactly what Ilon Musk's assets are, I think he hides them for a reason. Perhaps it's a defense against all sorts of accusations of market manipulation by regulators. Suddenly it's all one big Musk fun and he's not doing it for the money. In any case, Musk will lose nothing from this, the loser as always will be the crowd of ordinary investors.

If a person needs a leader to make his decisions in life he's not independent and needs to change something in their life. Sad to see how many people are blindly following him. I mean, he's a smart man that did a lot of good things, but purchasing a memecoin just because he mentioned it somewhere doesn't seem like a good decision.

Xal0lex

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Quote from: Fundamentals Of on October 09, 2023, 09:58:28 PM

Quote from: Xal0lex on October 09, 2023, 12:29:42 PM

Another attempt to manipulate the market with his media resources. Ilon Musk is faithful to his habits, and naive users react appropriately. Next, everything will go according to the old scenario, growth will stop, the price will return to the mark that was before the release of this news.

It should be noted that the capitalization of this coin is constantly decreasing and this coin soon risks to be thrown out of the top 10.

I actually don't understand why this big Doge army believes that Elon Musk is really supporting them. I can't believe how naive they are. Is it even confirmed that this man owns Doge? And how much of this shitcoin does he actually own? There are Doge holders who are now significantly falling in worth because of being too loyal to the meme coin. Nobody knows whether Musk is just using his influence to make money out of the ignorance of this Doge army. Doge loyalists should quit believing that Musk will bring them to the moon.

A lot of people need some kind of leader who will push them to make some kind of decision. Ilon Musk is doing a great job in that role. No one knows exactly what Ilon Musk's assets are, I think he hides them for a reason. Perhaps it's a defense against all sorts of accusations of market manipulation by regulators. Suddenly it's all one big Musk fun and he's not doing it for the money. In any case, Musk will lose nothing from this, the loser as always will be the crowd of ordinary investors.

justdimin

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Quote from: $crypto$ on October 09, 2023, 09:31:54 AM

Quote from: bittraffic on October 08, 2023, 10:42:09 AM

BTC halving is so close and everything will be going up soon. It does not even need Musk for the price of Doge pump.

Seeing however that Doge rises up to $0.70 during the bull market and then drops to $0.06 in the bear market makes Doge not good for long-term hold. I learned this from experience as I have tried doing it since 2021. Now I'm just using Doge to bet. If it ever goes up this 2024, investors who also held it for a long time will likely unload them.

That's because it's bullish because any coin will definitely be hyped by the influence of bitcoin after the halving.... I feel like Elon Musk will throw another tantrum with his tweet.

Actually it is the same as bitcoin during the bullish period it was $69k and during the bearish period it is now at $27k there is no difference it's just that memes can't be relied on just wait for the explosion when someone wants to go above 20x, I don't feel it's worth holding memes for now even though they are confident in what they hold.

No not any coin but those who will be influenced are only the legit coins and those who perform well. Even though Elon Musk will throw a Tantrum, I don't think it will disrupt the on going party. Elon only controls DOGE or the meme coins but not BTC and the other normal cryptos.

DOGE is different from BTC but if we are talking about the effect of the bear market, maybe yeah, it's true that even Bitcoin can also dumped hard but its only difference is that it can recover when the bulls are back. Even not for now, meme coins are not always worth holding for and yes even if they are confident I'm sure meme coins will always go against with it.

brace the mace

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Elon could face a serious margin call on his loan to buy X. I don't think he'll take any more risks with DOGE. It's already too much for him.

PrivacyG

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Elon is not your friend. This is all I need to say.

How many people got rich thanks to Elon and how many people lost their life savings due to him. You always hear of the one story of a lucky guy but the ones who went broke barely ever get their story out in the public.

Elon is smart enough to profit off silly people. He can move Doge up and down any time at his will. And he will do it if it earns him enough. He is just a clown!

Cvetik56

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Quote from: wheelz1200 on October 10, 2023, 03:22:06 PM

The complete reliance on elon for dogecoin is getting kind of rediculous. If one person can sway a coins price that .ich it can't be a good long term project. Just imagine elon came out and said he was just joking around with dogecoin. It would completely plumet the price. There is no single set of news that could sink bitcoin that hard. With doge's endless block rewards the price will never be sustainable.

It's been ridiculous for quite some time already. If a coin relies on the actions of a single person I don't think it is worth buying and even our attention.

Topic: Dogecoin (DOGE) Pumps 10% As Elon Musk Links Memecoin To X - page 2. (Read 590 times)