Dogecoin Elon Musk theory | Bitcointalksearch.org

masulum

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hmph..

Quote from: soenan on March 30, 2021, 08:09:33 AM

That's right, I also think if Elon Musk only attracts people to buy Dogecoin at a high price so that once he gets a big profit he will leave Dogecoin and the DOGE price will return to its original value. It is possible that Elon Musk wants to advance his company from the profits he is making from Dogecoin.

Whenever Elon Musk tweets about a coin, it is of course for his profits. He is not a community figure, he is a typical investor or even whale who is trying to get a lot of profit with the large capital he have. It's the same when he tweeted about bitcoin and the big purchases he made. Obviously, there is a purpose for profit. Luckily, now not so many people are consumed by what Musk said. So, the FOMO effort that he hopes will not have a big impact. So it is with wallstreetbets, more people know this game, more low the impact.

tbterryboy

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Quote from: cryptotalkman on March 20, 2021, 03:20:39 AM

Suppose if Elon Musk were to pump 40 billion into the Dogecoin, Dogecoin would be the 3rd largest altcoin in the world with a market capitalization of 46 billion. And then he was proved right again. And well done again. I wouldn't be surprised he does this. And maybe he wants to reward everyone who buys Dogecoins for following up on his tweets?

He might not be the kind of person that a lot of people likes, but he’s always making a smart move. Imagine in the near future how much this investment is going to get him, because it’s not over yet, we still have another halving ahead and we know the level of changes that halving can cause in the market in the next years that are coming. And when this happens the price of Bitcoin will increase and this investment that he has made will likely be multiplied.

Now the question is going to be what action they will take next at that time, they may decide to sell their assets and cash out, though they will continue to be accepting Bitcoin as a payment for their products and when he is going to pump his surplus money into cryptos.

soenan

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Quote from: acdc on March 20, 2021, 03:47:30 PM

Quote from: soenan on March 20, 2021, 04:33:13 AM

I think there is another mission from Elon Musk that is tweeting about Dogecoin where he is trying to get the sympathy of others to buy DOGE at a high price and he himself will then ditch DOGE to create his own coin. especially now that many people have suffered losses to DOGE because of Elon Musk

Many people have lost money trying to invest in Doge when elon Musk talked about it, I think he will not pour his money into this coin.
At the moment Doge is overvalued, it is certain that in a few months it will return to its true value.

That's right, I also think if Elon Musk only attracts people to buy Dogecoin at a high price so that once he gets a big profit he will leave Dogecoin and the DOGE price will return to its original value. It is possible that Elon Musk wants to advance his company from the profits he is making from Dogecoin.

Bitcoinislife09

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Quote from: cryptotalkman on March 20, 2021, 03:20:39 AM

Hi everybody,

I don't have a lot of experience with crypto: but I am curious how you think about this theory: Elon Musk regularly tweets about Dogecoin. Elon Musk has a net worth of 172 billion I see in Google. I think that's a little less now, but still a lot

.

I see that Dogecoin is in 17th place with a market cap of 6.2 billion.

Why would Elon Musk tweet so much about Dogecoin? It seems that everything he touches turns to gold. If he bites into something, it will be a success: left or right.

Suppose if Elon Musk were to pump 40 billion into the Dogecoin, Dogecoin would be the 3rd largest altcoin in the world with a market capitalization of 46 billion. And then he was proved right again. And well done again. I wouldn't be surprised he does this. And maybe he wants to reward everyone who buys Dogecoins for following up on his tweets?

After buying, he may well combine Dogecoin with his other business activities. Maybe a strange theory: that's why I'm also curious how you think about this.

Not gonna happened I'm thinking is a DOGE coin investor because he's hyping the DOGE coin with his tweets and it would make sense if he did that. But as an investor, he wouldn't actually be going to do this because he wants to adapt the DOGE coin right or wanted to use DOGE as a utility in his business. Every company will probably just go for bitcoin at this point because it is the top cryptocurrency and investing in bitcoin is the best investment the company could do. For sure Elon has a plan with this DOGE coin pump I mean it is a pump and dumps scheme for sure so I wouldn't invest because whales could easily dump on you.

Mpamaegbu

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Quote from: cryptotalkman on March 20, 2021, 03:20:39 AM

Suppose if Elon Musk were to pump 40 billion into the Dogecoin, Dogecoin would be the 3rd largest altcoin in the world with a market capitalization of 46 billion. And then he was proved right again. And well done again. I wouldn't be surprised he does this. And maybe he wants to reward everyone who buys Dogecoins for following up on his tweets?

Rich people don't throw cash around just for the sake of it. There must be something in it to catch their fancy before they engage their wealth in it. Dogecoin may be a fun token from its creation but it certainly has a fantastic low transaction fee and the speed of light for confirmation of transactions. A few times I used Dogecoin proved to me that it's a great token. It's just its infinite supply that is the problem holding it down for price valuation. Surplus supply, we are taught, causes something to lose value.

Quote from: Jawhead999 on March 20, 2021, 03:54:54 AM

Right now he's tweeting about NFT, that's why NFT token price pumping and interested with many people.

Oh yeah. Really? This will be interesting then.

dhemasm

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Quote from: cryptotalkman on March 20, 2021, 03:20:39 AM

Why would Elon Musk tweet so much about Dogecoin? It seems that everything he touches turns to gold

Elon Musk is a meme lord, you can see the various eccentrics he did before. Anime, Joking SpaceX Failure, etc and Dogecoin are the right altcoins for Elon musk to enter the world of crypto, according to my theory that is just one strategy from Elon to introduce crypto to the world and of course he has previously invested or held several cryptos and after being famous of course will attract more attention, So it's another profit for Elon musk. It is also possible that Elon will implement various cryptos into its business structure as we see today where you can buy Tesla with bitcoin.

dimonstration

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Quote from: lixer on March 28, 2021, 10:46:50 AM

I get that some people are hopeful about it, I get that some people want this to happen so that they could make some money. But the reality is that dude is just a meme guy who has fun and that's about it.

It was only this time when Elon creates hype many follows without understanding what the coin idea really is, some thinks that it is like bitcoin with real purposes since they didn't research on it, it's good to follow hype but in only limited time just to gain atleast a profit but not to the point to put Al investment and hold it long.

deathcode

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Quote from: lixer on March 28, 2021, 10:46:50 AM

There is a very very very simple reason why he can't and won't do this : there is about 40% of all doge coin owned by certain group of people. So, if he pumped 40 billion dollars into dogecoin whic he won't because even for bitcoin they did a 1.5 billion one and not more, that would mean he would be buying dogecoin from those who have a lot and they will have enough money to keep dogecoin where it is, in fact they have enough dogecoin to drop the price of dogecoin under this current price even after elon musk spends 40 billion dollars on it. So long story short it would be the worst financial decision anyone has ever made in the history of the world.

I get that some people are hopeful about it, I get that some people want this to happen so that they could make some money. But the reality is that dude is just a meme guy who has fun and that's about it.

I like your last statement. and indeed what is happening right now is that. should everyone be able to find out how Elon was playing and joking with Dogecoin?
with many followers, he could easily fool his followers. create hype in the market and afterward, he will laugh at what his followers are doing.

lixer

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There is a very very very simple reason why he can't and won't do this : there is about 40% of all doge coin owned by certain group of people. So, if he pumped 40 billion dollars into dogecoin whic he won't because even for bitcoin they did a 1.5 billion one and not more, that would mean he would be buying dogecoin from those who have a lot and they will have enough money to keep dogecoin where it is, in fact they have enough dogecoin to drop the price of dogecoin under this current price even after elon musk spends 40 billion dollars on it. So long story short it would be the worst financial decision anyone has ever made in the history of the world.

I get that some people are hopeful about it, I get that some people want this to happen so that they could make some money. But the reality is that dude is just a meme guy who has fun and that's about it.

LUCKMCFLY

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Quote from: Shasha80 on March 27, 2021, 10:58:25 AM

Only Elon Musk knows the real reason why he often makes tweets about Dogecoin, according to many members here Elon Musk is just trolling.
Because he thinks of Dogecoin as his playground and maybe it gives him pleasure. But in my opinion Elon Musk made tweets related to Dogecoin
who wanted to make the Dogecoin price pump. Because my guess is Elon Musk has already bought a lot of Dogecoin, that's why he wants to make
a profit from Dogecoin. By promoting Dogecoin on twitter platforms.

For now Elon Musk has had some measure with respect to tweets, in the crypto world many are waiting for a twitter from him to buy, he is an influencer with a lot of power, he moves masses and that currently makes the market produce many emotions, Such emotions are what move the market.

In Jesse Livermore's book called "Memoirs of a Market Speculator" he talks about emotions and Elon Musk is undoubtedly one of the causes that make a "Positive Fundamental" both for Bitcoin and for any cryptocurrency, it is like in the book when he explains that he bought many shares and waited only for positive news for everyone to start buying that share, and the Strong Hands of that share was him, only that sale made him a millionaire, similarly today with the bitcoin and cryptocurrency market .

Shasha80

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Only Elon Musk knows the real reason why he often makes tweets about Dogecoin, according to many members here Elon Musk is just trolling.
Because he thinks of Dogecoin as his playground and maybe it gives him pleasure. But in my opinion Elon Musk made tweets related to Dogecoin
who wanted to make the Dogecoin price pump. Because my guess is Elon Musk has already bought a lot of Dogecoin, that's why he wants to make
a profit from Dogecoin. By promoting Dogecoin on twitter platforms.

DaMut

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Quote from: Oshan-T on March 27, 2021, 09:51:20 AM

I think he was just playing around with his tweets. And he will never in his right mind will put 40bn into doge coin.

of course, no need to overthink that because it is very obvious. do you think any businessman out there will integrate something that is purely based on hype or season as their business model? there is no way they will do that. the main point of his tweet is all about his approach or his way telling people that he is slowly accepting cryptocurrency.
since advertising bitcoin openly will create critique, might as well just joking around with memecoin but getting traffic from it.

eaLiTy

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Quote from: sunny28 on March 26, 2021, 04:35:49 PM

The DOGE coin was created for fun, the creator did not hope for its such success, when Elon Musk began to get acquainted with the cryptocurrency market, he decided to also promote the "joke" coin, I think so!

The coin was created as a meme but it started gaining momentum when they sponsored a rally car tournament and everyone supported them by donating the coins and no one expected it to rally to astronomical high valuations and Elon Musk is trolling the entire market by supporting Doge and he was doing that for a few years and he was able to move the market whenever he tweets.

If the developers update everything in time then it will be great.

Oshan-T

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I think he was just playing around with his tweets. And he will never in his right mind will put 40bn into doge coin.

J1mb0

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Quote from: Spaffin on March 23, 2021, 02:06:11 PM

Quote from: J1mb0 on March 23, 2021, 01:19:34 PM

Quote from: Saint-loup on March 20, 2021, 04:19:14 PM

Quote from: J1mb0 on March 20, 2021, 03:14:14 PM

Doge is a coin with infinite supply, it is certain that Elon musk will not pour billions of dollars into such a coin.
I think the Elon musk is just trying to increase Doge's price until he decides to sell it.

I don't get this argument, who cares about that honestly, Bitcoin will have a finite supply in 2140, who will still be alive in the middle of the 22th century? Nobody, so Bitcoin has also virtually a infinite supply because no one on earth will be alive to see the end of its mining production.

The problem with bitcoin is that people need to put in a lot of effort and money to get it, and it becomes more difficult to mine bitcoin later.
However Doge is different, increasing Doge's supply is quite easy

I believe that we are looking for a problem where there is none. and we also want to find some patterns or riddles in the actions of Elon Musk, but in fact we made sure that he simultaneously invests his funds in both Bitcoin and Doge Coin, Although Doge was bought for a small amount for him, as a gift for his son, which cannot be said about investments in bitcoin, which are of a more serious nature.

There is a very important rule in the cryptocurrency market that never invest on the advice of others.
Doge coin's price at the moment is due to Elon musk hype, it wouldn't be wise to invest in doge at this point.

sunny28

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Quote from: cryptotalkman on March 24, 2021, 09:11:37 AM

Thanks for all the responses. I always try to think outside the box. Why I think Elon chose Dogecoin? I don't think he just randomly picked Dogecoin. I think Elon had a survey conducted by several specialists. Like a psychologist and economist. I think psychology plays a big role in the general public for long-term success. Many people have a dog. Every time someone talks about a dog, you subconsciously think about the dogecoin. Time will tell.

Guess and the idea is cool, really, but I think a little differently!

The DOGE coin was created for fun, the creator did not hope for its such success, when Elon Musk began to get acquainted with the cryptocurrency market, he decided to also promote the "joke" coin, I think so!

Golftech

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Quote from: bandungan on March 24, 2021, 09:22:21 AM

Quote from: Jawhead999 on March 20, 2021, 03:54:54 AM

Elon musk is more carefully right now because his tweet about Dogecoin is under investigated by SEC. Since every Elon musk tweet about Dogecoin it will manipulate Dogecoin price.

Right now he's tweeting about NFT, that's why NFT token price pumping and interested with many people.

sometimes big influencers have to be careful when doing anything on social media. but there is a positive side for these coin holders, now I think we can try to take a lot of profit from Dogecoin. Nowadays Dogecoin has a high price tag and so is the NFT, so it's one of those things that can quickly and easily happen just because of a tweet.

He can just do whatever he like and if SEC will follow all those tweets then they might find it difficult to

prove that Musk have all those coins that he tweeted, though it's really possible to earn following those

hypes, you just needed to make sure that you are also willing to risk in case that the timing is not favorable

at your side.

mindrust

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Quote from: Timelord2067 on March 20, 2021, 08:27:38 PM

Quote from: mindrust on March 20, 2021, 08:20:55 PM

Years ago, when Tesla Model 3 was making its debut, he collected 325.000 pre orders for it in 1 week. (source) If I remember right, the price was like $1000. So he raised like 325 million dollars in 1 week. People already trusted him that much.

Didn't he then live in the Factory to ensure the cars were produced in rapid time to fulfill the orders or face hefty (unrealistic) penalties - it was almost being run as a (Ypouknowwhatzi) just to cover the outlays and promotions without any profit (other than the share price surging on the stock exchange).

Yeah I remember something like that. I also remember that he couldn't manufacture enough Model 3's to counter the pre-order demand. I might be wrong here but he couldn't deliver it the next year neither.

When the demand and supply actually met each other, people already changed their minds and decided that they don't want a tesla anymore.

I don't want to label Elon as a ponzi lover but he certainly smells like one.

bandungan

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Quote from: Jawhead999 on March 20, 2021, 03:54:54 AM

Elon musk is more carefully right now because his tweet about Dogecoin is under investigated by SEC. Since every Elon musk tweet about Dogecoin it will manipulate Dogecoin price.

Right now he's tweeting about NFT, that's why NFT token price pumping and interested with many people.

sometimes big influencers have to be careful when doing anything on social media. but there is a positive side for these coin holders, now I think we can try to take a lot of profit from Dogecoin. Nowadays Dogecoin has a high price tag and so is the NFT, so it's one of those things that can quickly and easily happen just because of a tweet.

cryptotalkman

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Thanks for all the responses. I always try to think outside the box. Why I think Elon chose Dogecoin? I don't think he just randomly picked Dogecoin. I think Elon had a survey conducted by several specialists. Like a psychologist and economist. I think psychology plays a big role in the general public for long-term success. Many people have a dog. Every time someone talks about a dog, you subconsciously think about the dogecoin. Time will tell.

Topic: Dogecoin Elon Musk theory (Read 522 times)