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Topic: Dogecoin Jumps 22% as Elon Musk Hints at Improving Network’s Transaction Efficie (Read 512 times)

jr. member
Activity: 643
Merit: 1
Elon Musk can't seem to stop himself from promoting Dogecoin, which is great news for Dogecoin investors since whenever Elon Musk writes something about Dogecoin, the price of Dogecoin rises at the same time. Musk believes that because of their financial standing he can manipulate the market in any way he want, which they can't. Point is as a trader you have to learn from previous data how to get the advantage of it. Not long term, just short term.
legendary
Activity: 3752
Merit: 1217
LOL.. during the last 10-11 days, Dogecoin has lost almost 43% of its value against the US Dollar. Elon's reckless tweets destroyed the cryptocurrency market, and along with it Dogecoin was also dragged down. The Dogecoin investors will be cursing Elon now. And there is also some FUD coming from China. Similar to what happened with such incidents previously, I don't think that the effect of this FUD will last for more than 2-3 days. So we'll be back to 40-42K within the next few days.
legendary
Activity: 2268
Merit: 1655
To the Moon
Elon Musk again! What will Elon Musk do next? I think if you follow him closely, you will make some money anyway. hahaha

https://www.coindesk.com/dogecoin-elon-musk-tesla-transaction-efficiency

Don't you think you are being fooled by Elon? look days after that Raging growth of Dogecoin https://coinmarketcap.com/currencies/dogecoin/ Now it is close dropping to 20 cents level again.

This only mean one thing , That Elon is just playing the market and making fun of all the people that stupidly following His tweets and posts .

Today I looked through Elon Musk Twitter account and saw that many of his followers accuse him of following his advice and losing their money. And meanwhile, his number of subscribers is increasing by 100 thousand every day and has already reached 55.7 million people. This means that the number of those who will lose their money in the future, following the advice of Musk, will only increase.
full member
Activity: 2520
Merit: 204
OrangeFren.com
Elon Musk again! What will Elon Musk do next? I think if you follow him closely, you will make some money anyway. hahaha

https://www.coindesk.com/dogecoin-elon-musk-tesla-transaction-efficiency

Don't you think you are being fooled by Elon? look days after that Raging growth of Dogecoin https://coinmarketcap.com/currencies/dogecoin/ Now it is close dropping to 20 cents level again.

This only mean one thing , That Elon is just playing the market and making fun of all the people that stupidly following His tweets and posts .
hero member
Activity: 3038
Merit: 526
Leading Crypto Sports Betting & Casino Platform
some people who benefit from Dogecoin are also very happy about it, so let's enjoy this humor to the fullest, because the benefits through Dogecoin are very sweet to taste.
The majority of doge supporters were blaming the bitcoin supporters caused by this thing.
So many people can't enjoy this humor dude. This likes a way between bitcoin community with elon musk. There are lots of FUD were coming to the bitcoin caused by the elon musk tweet.
So many people got misleading caused by that as well. Bitcoin must face worst situation at this moment.
hero member
Activity: 1302
Merit: 503
Right now I'm just following the hype, when elon say something good about DOGE. I immediately bought the coin and try to take profit 5-10%, i already did 3 times and lucky me i never Loss when i bought doge.
- Your strategy is quite reasonable with such a project full of bullshit and manipulation because for almost every news release, its value always has recovery levels that are within the profit range you mentioned, so when we understand this process, quickly surf and retreat will put us in a safe and unbeatable position. While trying to stay closely involved in the project for a long time lacks stability and is more risky when Elon Musk is an interesting person and has plenty of time to add more color to our faces
tyz
legendary
Activity: 3360
Merit: 1533
Elon Musk again! What will Elon Musk do next? I think if you follow him closely, you will make some money anyway. hahaha

https://www.coindesk.com/dogecoin-elon-musk-tesla-transaction-efficiency


I wonder if Elon Musk knows he can't just change the project. Of course, he can have a hand in improving it, but I doubt he will undergo this democratic process of a cryptocurrency like Doge. More likely he will fork Doge to let the changes take effect. Then there would be a "Doge Classic" and a "Doge Elon".
legendary
Activity: 3248
Merit: 1160
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Got some Doge. Elon is hilarious but also everything about this is almost parody/trollish. We will see what comes out of this.
I got some when the bearish trend of doge was happening last a few days ago due to the U-turn on the bitcoin by elon. The meme coin will always give us parody and elon was also making bunch of shit scam meme coins appearing on the crypto market.
After elon was shilling for shiba and so many fake doge and shiba came to the market. I do believe another announcement about doge coin will be coming from elon to the market.
Elon will never stop to shill doge until $1 = 1 doge coin.
There will be lots of billionaires lol.

he won't stop shilling but the question is, can his shill power would last? I believe slowly people are realizing that DOGE is just hype and though it will reach another ATH, it has no future as there are no fundamentals of this coin, Elon and other billionaires will benefit it, but most of the investors who FOMO will eventually lose money.
legendary
Activity: 3038
Merit: 1024
Leading Crypto Sports Betting & Casino Platform
Got some Doge. Elon is hilarious but also everything about this is almost parody/trollish. We will see what comes out of this.
I got some when the bearish trend of doge was happening last a few days ago due to the U-turn on the bitcoin by elon. The meme coin will always give us parody and elon was also making bunch of shit scam meme coins appearing on the crypto market.
After elon was shilling for shiba and so many fake doge and shiba came to the market. I do believe another announcement about doge coin will be coming from elon to the market.
Elon will never stop to shill doge until $1 = 1 doge coin.
There will be lots of billionaires lol.
legendary
Activity: 3346
Merit: 1352
Leading Crypto Sports Betting & Casino Platform
Got some Doge. Elon is hilarious but also everything about this is almost parody/trollish. We will see what comes out of this.

It is difficult to classify these manipulations as trolling. Bitcoin market cap went down by almost $200 billion, and around $40 billion moved to Dogecoin as a result of this manipulation. Overall, the cryptocurrency market cap has gone down by around 10%. The amounts involved here are huge, and I don't think that we can overlook the intentions of individuals such as Elon. But I am sure about one thing. Bitcoin will survive these chaos, similar to what has happened many times before. But I am not that sure about the altcoins.
sr. member
Activity: 1708
Merit: 295
https://bitlist.co
I think bad things are about to happen for this coin, I see Elon is showing some blasphemy in favor of doge but not BTC, I believe this will be the last time this game is over, and many people will panic in the near future with dogecoin, I believe.
newbie
Activity: 23
Merit: 1
Got some Doge. Elon is hilarious but also everything about this is almost parody/trollish. We will see what comes out of this.
full member
Activity: 854
Merit: 100
Right now I'm just following the hype, when elon say something good about DOGE. I immediately bought the coin and try to take profit 5-10%, i already did 3 times and lucky me i never Loss when i bought doge.
full member
Activity: 783
Merit: 108
I have seen the manipulation publicly, just the day before he spoke out about Tesla not accepting payments with bitcoin and then backing doge coin again. Does this make you doubt it? I've put my whole heart into the current doge coin, even though I've made quite a bit of money with it, but I'd advise new entrants to dig through everything before realizing your stupidity in this market.
hero member
Activity: 2926
Merit: 533
Leading Crypto Sports Betting & Casino Platform
Meanwhile, U.S. cryptocurrency exchange Coinbase announced it would be adding DOGE to its suite of crypto offerings in six to eight weeks, likely due to client demand as has been the case with other major exchanges.
I think so. You must also see binance exchange site and i got a bit surprised about how it was adding a garbage coin without any utility usage like SHIBA. That means if these exchange sites were adding both based on the demand from the users.
So many users were requesting them to add those coins to the exchange sites.
The major exchange sites have no choice other than adding them to their exchange site. This must become the main concern.
legendary
Activity: 2772
Merit: 1028
Duelbits.com
So people are still falling at his words and creating FOMO.
This is a good one to watch people would surely cry again and troll his post when the Dogecoin drops down again.
Anyways congratulations on those who had bought Doge at it's lowest price before the tweet you could already take your profit or wait for more.
There are a lot of people who prefer following Elon Musk's tweets and buy Dogecoin, for me this project is worthless, however, to tell the truth, some people have earned great money from this project. Without the post of Elon Musk, this project has no chance to be successful. It is better to buy any coin at a lower price and as you above mentioned people are so lucky who buy Dogecoin before Elon Musk posted. But as l said this investment is so risky, everything is possible.
hero member
Activity: 3024
Merit: 745
Top Crypto Casino
Haha, it sounds like Elon Musk is a philanthropist, but please think twice, he is a capitalist, not charitarian.
If keep listen to his word, i think you will lose your money sooner or later.
This is it guys. These simple words will make you realize that if you are following his advise and you apply it to your trading or investing strategy, you'll get lost.
As for me, I'm following him but that's just for the sake of updates so that I know what I shall do.
jr. member
Activity: 276
Merit: 1
You will lose your money in the long term, please understand that he is manipulating the prices so he can get benefits from it but the price of it is really huge in future the doge coin will die just because such kind of influence if he is having over a coin for long term.

I'm much more concerned about the short term. Nothing last forever even the tokens with awesome use case and long-term potential still go through the market correction and price fluctuations. I'm of the opinion that its best to take advantage of the market and earn as much as possible, the bull run would be here forever.
hero member
Activity: 1344
Merit: 565
Haha, it sounds like Elon Musk is a philanthropist, but please think twice, he is a capitalist, not charitarian.
If keep listen to his word, i think you will lose your money sooner or later.

If you yourself is clever then surely you can beat any Musk. I mean use the advantage of the current situation.
I myself made huge profit and all thanks to this cute Musk.
I bought doge at 400 sats and now it’s 1100 sats and i sold it.
Didn’t i make a wise decision? We should always take the advantage if possible.
Yes it might be not good if you think to hold Doge for a long, but again this will vary from users to users.
So it’s better to get a bite when the food is left alone.
Moreover whenever Musk does a tweet regarding DOGE, you should conclude that it’s right time to buy it and sell it in slight up price.
Hope this will help someone who is reading the post.
Good luck to us.
I believe the say it is "Buy the rumor sell the News" so as to at the time you hear or see the tweet, the market is already turning if it is something that will negatively affect the market.

To your other point, I believe too that we can take advantage of every market situation whether going up or coming down but my general concern is when individuals like Musk believe because of their financial status they can manipulate the market the way they want which actually they cant but we must learn how to take advantage of the situation.
copper member
Activity: 2268
Merit: 539
LuckyDiamond.io - FLAT 50% Deposit Bonus!
Haha, it sounds like Elon Musk is a philanthropist, but please think twice, he is a capitalist, not charitarian.
If keep listen to his word, i think you will lose your money sooner or later.

If you yourself is clever then surely you can beat any Musk. I mean use the advantage of the current situation.
I myself made huge profit and all thanks to this cute Musk.
I bought doge at 400 sats and now it’s 1100 sats and i sold it.
Didn’t i make a wise decision? We should always take the advantage if possible.
Yes it might be not good if you think to hold Doge for a long, but again this will vary from users to users.
So it’s better to get a bite when the food is left alone.
Moreover whenever Musk does a tweet regarding DOGE, you should conclude that it’s right time to buy it and sell it in slight up price.
Hope this will help someone who is reading the post.
Good luck to us.
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