Dogecoin Spikes 10% After News Of Musk's $3B Stake in Twitter - page 4.

milewilda

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Quote from: South Park on April 06, 2022, 03:46:32 PM

Quote from: btc78 on April 05, 2022, 03:06:16 AM

but Dumped back again as crypto people already Knew that it is another style of Elon to Bump and manipulate the coin so people don't wanna wait long instead will take profit instantly .

https://coinmarketcap.com/currencies/dogecoin/

Look at it now, 5% remaining increase and still dumping lol.

If i were you all, never trust Elon for your funds because with so much happening ? you will only end up losing more than to gain.

We know that Elon Musk likes to manipulate the market and he is specially focused on dogecoin, however I do not think this was an attempt by Elon Musk to do this, after all what relationship Twitter and dogecoin have right now? None, also it seems Elon Musk just did this to diversify his portfolio, which means this was a pump caused by people simply reading too much into his actions, which is why the price went down as quickly as it went up as there is nothing that could sustain that growth, as there should not have been any relationship between Elon Musk buying Twitter stocks and dogecoin going up in price.

Simply, people doesnt really like to miss out these kind of opportunities considering that Elon had made out some significant influence on its marketprice back in the past then it would really be normal
for people to have that kind of reaction whenever he do tends to make out some actions in regarding with his investment specially on Dogecoin.Well, you cant really stop people on not to mind on that
way and its true that not all possible movements made does have that kind of manipulative intent.We dont know if its just a simple buy up to diversify investment which same as you said.

South Park

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Quote from: btc78 on April 05, 2022, 03:06:16 AM

but Dumped back again as crypto people already Knew that it is another style of Elon to Bump and manipulate the coin so people don't wanna wait long instead will take profit instantly .

https://coinmarketcap.com/currencies/dogecoin/

Look at it now, 5% remaining increase and still dumping lol.

If i were you all, never trust Elon for your funds because with so much happening ? you will only end up losing more than to gain.

We know that Elon Musk likes to manipulate the market and he is specially focused on dogecoin, however I do not think this was an attempt by Elon Musk to do this, after all what relationship Twitter and dogecoin have right now? None, also it seems Elon Musk just did this to diversify his portfolio, which means this was a pump caused by people simply reading too much into his actions, which is why the price went down as quickly as it went up as there is nothing that could sustain that growth, as there should not have been any relationship between Elon Musk buying Twitter stocks and dogecoin going up in price.

tabas

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The bigger news is that he's now part of the board of directors after his stake from Twitter. Well, he's spreading his wealth and he's really into tech. I think there's this relation of freedom of speech on this one since there have been issues about it lately.
I think the pump that has been done on doge is pretty normal when there's a news about Elon.

Irazzzta

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Elon Musk has really stepped forward to carry out his ambition introducing crypto to the world, 9.2% twitter shares wich he bought is a big step. as we know, twitter is one of the most widely accessed social media for crypto information. This news certainly triggers an increase in the price of Doge which we know is very close to Elon. Let's wait for what breakthrough Elon will do after becoming one of the largest twitter shareholders. hopefully it will be a positive thing for the future of cryptocurrency

cabron

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Quote from: el kaka22 on April 05, 2022, 04:55:49 PM

What is the connection though? I mean I get that Elon is a crypto enthusiast and I get that twitter is a place where most of the crypto talks happen and you can learn all the latest news there, so there is a connection like that. But, what is the doge connection? Why would Elon buying twitter shares would increase the price of doge? People are really investing their money into the most stupidest things ever and then cry about how they lost a lot of money.

I do not think that it means something, it shouldn't really mean something like this at all. Doge price should have been moving according to what the market is moving and that is it, nothing more.

They were saying that if elon sneezes, the cryptocommunity is also affected. So whatever he does, it affects the currencies he supported. Grin

The question the media is actually throwing about this Twitter investment he did and because he is now part of the board, he can restore the democracy in twitter which there might be no censorship and Trump could come back. This Elon move could be related to politics.

StarKay

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Quote from: btc78 on April 05, 2022, 03:06:16 AM

but Dumped back again as crypto people already Knew that it is another style of Elon to Bump and manipulate the coin so people don't wanna wait long instead will take profit instantly .

https://coinmarketcap.com/currencies/dogecoin/

Look at it now, 5% remaining increase and still dumping lol.

If i were you all, never trust Elon for your funds because with so much happening ? you will only end up losing more than to gain.

I don't think you are being fair to Elon Musk here, he is just a nice guy buying shares in a social media company that he felt needed a change of course but some crypto enthusiast, in this case Dogecoin lovers, decided to pump their coin to celebrate the news and maybe attract new investors in the process.

How is any of this Elon's fault, every crypto investor should learn to take responsibility and not look for scapegoats.

el kaka22

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What is the connection though? I mean I get that Elon is a crypto enthusiast and I get that twitter is a place where most of the crypto talks happen and you can learn all the latest news there, so there is a connection like that. But, what is the doge connection? Why would Elon buying twitter shares would increase the price of doge? People are really investing their money into the most stupidest things ever and then cry about how they lost a lot of money.

I do not think that it means something, it shouldn't really mean something like this at all. Doge price should have been moving according to what the market is moving and that is it, nothing more.

whiteblue

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Quote from: southerngentuk on April 05, 2022, 05:08:08 AM

Ironically, seeing how its price is increasing, the dependence between Doge Coin and Elon Musk is growing. Recently, there has been no news that is more convincing than Elon's tweets. Anyway, there are still a lot of people hoping for it day by day, but in essence, the coin meme and the FOMO hype make it an attractive name in a portfolio.

The hype and Fomo are only temporary and can't always happen as expected, so it's only natural that Elon Musk's tweets haven't changed much to Dogecoin or other memecoins.
The most important thing is to always take advantage of the early moment if you want to get profit through any memecoin before the hype period is over.

southerngentuk

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Ironically, seeing how its price is increasing, the dependence between Doge Coin and Elon Musk is growing. Recently, there has been no news that is more convincing than Elon's tweets. Anyway, there are still a lot of people hoping for it day by day, but in essence, the coin meme and the FOMO hype make it an attractive name in a portfolio.

btc78

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Eloncoin.org - Mars, here we come!

but Dumped back again as crypto people already Knew that it is another style of Elon to Bump and manipulate the coin so people don't wanna wait long instead will take profit instantly .

https://coinmarketcap.com/currencies/dogecoin/

Look at it now, 5% remaining increase and still dumping lol.

If i were you all, never trust Elon for your funds because with so much happening ? you will only end up losing more than to gain.

AbuBhakar

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DOGE has unlimited supply. DOGE holder shouldn't be delusional that the price will skyrocket again just like what it did during its first bull run when Elon Musk first announcement for his involvement to the project. This highly volatile worthless token make a lot of small traders wrekt and it reflects to the general of crypto. People should stop buying this shit that didn't promised anything besides fake moon and temporary pump.

Elon effectiveness on DOGE price is finally weaken which is a good sign that people already wake up.

coco23

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How realistic is it that Twitter really adopts Doge or SHIB for micro payments on Twitter? Wouldn't it be a better business decision if they firstly do their own "Twitter-Coin" and later also include popular tokens?
Also wouldn't be the Doge transaction fee to high for actual micropayments? There are probably better means to send transaction of small amounts of money

Coinshots

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Dogecoin’s DOGE tokens spiked 10% on Monday as Tesla (TSLA) CEO Elon Musk was revealed to hold a 9.2% stake in social media company Twitter(TWTR), worth around $2.88 billion.

Data shows that DOGE jumped from $0.143 to over $The bump had a correlated effect on some other meme coins. Shiba Inu’s SHIB jumped 5% alongside the move in DOGE.

Musk holds more than 73.5 million Twitter shares, valued at over $2.89 billion at current prices as reported.

Musk is one of the most famous backers of cryptocurrencies. His electric car company Tesla reportedly held over $2 billion worth of bitcoin at the end of 2021. Tesla additionally started accepting bitcoin for its cars in 2021 but later ended the project, citing climatic concerns.

Tesla also accepts DOGE payments on its online merchandise store. The news had previously sent prices of DOGE flying 11% in January.

Musk has previously lent support to dogecoin development and adoption. Last May, he tweeted that he was working with dogecoin developers to improve system efficiency. That sent dogecoin prices up by 22%.

Then in June, he tweeted it was “important to support” a proposal that sought to reduce dogecoin fees – one that would make dogecoin more competitive compared to other cryptocurrencies.several minutes after the reports of Musk’s stake came out at 10:30 UTC. At the time of writing, prices fell slightly to $0.154.

Source:https://www.coinshots.com/news/dogecoin-spikes-10-after-news-of-musks-3b-stake-in-twitter

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