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Topic: Dogecoin to be used for micropayments on Twitter? - page 5. (Read 1574 times)

hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
Maybe the effect on Doge is that it can attract more people to buy Dogecoin, which can trigger its price to go up. But if there's no news about Dogecoin, maybe the price won't go up too high unless Elon pumps up the price of Dogecoin with news like before.

I don't really think about what effect this will have on Dogecoin as a micropayment but it will pave the way for Dogecoin to get more users to use it as a micropayment tool. Elon has his own plans for Dogecoin and we will see if that helps the price of Dogecoin go up or stays at its current price.
hero member
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after reading this thread i remember yesterday reading in another thread with the title "be careful investing in coins starred by celebrities".
maybe there is little in common and can think of Elon Musk like the richest celebrity in the world.
it could happen when Elon musk implements what he had planned and it is likely that the price of dogecoin will rise again like last year. but am i wrong if i think it will all be a temporary hype like last year? when a tweet on twitter popped up and everyone was chasing dogecoin and the price was pumped after that it was dumped again.
but we will never know what will happen in the year to come and what is certain is that if Elon musk were to do that, it would certainly be a short term hype again
member
Activity: 966
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Dogecoin is useless until it evolves beyond its current role as a meme currency. Tokens and coins, as you mentioned, need to have high scalability if they are to be employed on a large scale. What happens if a meme coin is never optimized for its intended utility? chaos. Therefore, it is preferable for the developer to think about future work to make DogeCoin ready for that before DogeCoin might be used for any practical use case.
hero member
Activity: 2814
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Why? Why Dogecoin? We all know Dogecoin is a meme coin that was built by forking Bitcoin.
So for me, this is impossible to happen (Only Dogecoin) Maybe in the future, there are lot of options buy major are the high market cap coins,
primary for sure will be Bitcoin (Lightning network also), Ethereum, and many more.
Sometimes certain standards are adopted based on the decision power of a single person, it is true that if it was up to the community such a thing will never happen, but if Elon actually buys Twitter and taking into account his preference for the coin then this seems like something which has a high likelihood of happening.

And if that is the case then dogecoin will get even more popular and I would expect hype to surround the coin again for a few months before it crashes.
newbie
Activity: 97
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The issue of Elon musk and Twitter purchase are beginning to look like a child's play. Elon musk keeps changing his mind Tru and fro and they keep going to court and nothing seems to be happening or rather its taking too long. Even if the deal scales through, there's really no basis to see dogecoin making her way to twitter as a means of exchange.

The fact that Elon Musk, played a key role in the influence of dogecoin price does not necessarily mean that he has a long term goal of keeping up with the coin. It could be gimmicks designed to help him actualize his personal goal of maximum returns.
legendary
Activity: 3220
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This didn't surprise me.

Elon Musk bought Twitter of course with a purpose and it could this was his purpose in the first place.  He loves Dogecoin and he always wanted to pump up the price of this coin.  We know Dogecoin is good for micropayments and at least it has a real utility.

It is always good if Elon Musk set another payment option like using the Bitcoin lightning network alternatively to the Dogecoin.

Elon Musk is a huge "hodler" of Dogecoin, so making the move to integrate the cryptocurrency within the social media platform would be in his best interests to make as much money as possible from his holdings. Anything related to Elon Musk in a positive way would surely "pump" the "meme" coin's price all the way to the moon. I don't think Mr. Musk will adopt the Lightning Network since he has previously criticized Bitcoin's "high energy consumption". DOGE is more energy efficient than BTC, but it's not as good as ETH or any other PoS coin in this regard. The sky is the limit here, so let's wait and see what happens after the Twitter acquisition is completed. Just my opinion Smiley
hero member
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I'm wondering what effect will this have into DOGE's price if successfully implemented? Will DOGE be able to finally get past $1 per coin? Or will it never happen?
Anyone with logic would think it is preposterous to even dream that the price of Dogecoin will rise to $1. But who knows it is magic money and with Elon Musk wants to raise some money after the Twitter purchase, i wont be surprised him doing some crazy shit to rally the price Cheesy.

Also, I fail to see how DOGE would be used massively on Twitter when the cryptocurrency doesn't have enough transaction capacity to serve millions of users around the world. There's no LN or on-chain scaling solution yet, so developers are going to have to work on something if they want DOGE to be widely adopted worldwide. What are your thoughts? Huh
They will add those in a short period of time, the developers never bothered to upgrade them when Musk started to Tweet about it and all of a sudden the transactions were getting stuck and the developers woke up and made the necessary updates within a week or so if i remember correctly, so they will do the necessary updates if Musk is to bring his magic again .
sr. member
Activity: 2226
Merit: 347
It looks like Elon Musk is going to proceed with the $44B deal to buy Twitter as he has originally planned. The recent news of Elon Musk changing its mind again had a short pump in DOGE's price. If the deal goes through, that would mean Elon Musk will become the new owner of one of the world's most popular social media platforms. Knowing that the billionaire is a huge fan of Dogecoin, it's possible he will integrate the cryptocurrency into the platform for micropayments (micro-tipping).

I'm wondering what effect will this have into DOGE's price if successfully implemented? Will DOGE be able to finally get past $1 per coin? Or will it never happen? Also, I fail to see how DOGE would be used massively on Twitter when the cryptocurrency doesn't have enough transaction capacity to serve millions of users around the world. There's no LN or on-chain scaling solution yet, so developers are going to have to work on something if they want DOGE to be widely adopted worldwide. What are your thoughts? Huh
Elon Musk is a very mysterious person indeed. He slowly but became more popular. Currently, all of his thoughts are good news for cryptocurrencies as a whole.A few days ago we heard that Elon Max had bought the Twitter platform. And from that company currently offered Doge CoinCoin he will make micro payments.If it is successful, Doge will increase the price. But it is not sure whether it will reach within one dollar.
Reaching $1 is impossible considering the overall supply of DOGE then this is something that is really too far off.Dont make yourself expectations to be that too distant so that you wont really be that
hoping or expecting that much.Elon is already popular and famous considering this man is one of the richest man globally which it is really just normal that he is really known.
He had been doing things which would really make out some good advertisement indirectly into his owned companies and now he's been involved with crypto and attaching out
his investment into it which do really creates even more buzz which i do see that its really a win-win situation for him.
sr. member
Activity: 1386
Merit: 451
It looks like Elon Musk is going to proceed with the $44B deal to buy Twitter as he has originally planned. The recent news of Elon Musk changing its mind again had a short pump in DOGE's price. If the deal goes through, that would mean Elon Musk will become the new owner of one of the world's most popular social media platforms. Knowing that the billionaire is a huge fan of Dogecoin, it's possible he will integrate the cryptocurrency into the platform for micropayments (micro-tipping).

I'm wondering what effect will this have into DOGE's price if successfully implemented? Will DOGE be able to finally get past $1 per coin? Or will it never happen? Also, I fail to see how DOGE would be used massively on Twitter when the cryptocurrency doesn't have enough transaction capacity to serve millions of users around the world. There's no LN or on-chain scaling solution yet, so developers are going to have to work on something if they want DOGE to be widely adopted worldwide. What are your thoughts? Huh
Elon Musk is a very mysterious person indeed. He slowly but became more popular. Currently, all of his thoughts are good news for cryptocurrencies as a whole.A few days ago we heard that Elon Max had bought the Twitter platform. And from that company currently offered Doge CoinCoin he will make micro payments.If it is successful, Doge will increase the price. But it is not sure whether it will reach within one dollar.
sr. member
Activity: 1554
Merit: 413
This is not really about Doge or its price after integration to Twitter's tipping service. It's about who would actually use the platform's feature. I think Twitter is a bit late to the game when it comes to the implementation of tipping since I've seen it utilized more in other social media but who really knows what happens in the future. Maybe it will gain more traction in a few years.
sr. member
Activity: 1722
Merit: 269
It looks like Elon Musk is going to proceed with the $44B deal to buy Twitter as he has originally planned. The recent news of Elon Musk changing its mind again had a short pump in DOGE's price. If the deal goes through, that would mean Elon Musk will become the new owner of one of the world's most popular social media platforms. Knowing that the billionaire is a huge fan of Dogecoin, it's possible he will integrate the cryptocurrency into the platform for micropayments (micro-tipping).

I really hope that this time Elon Musk will be successful with buying twitter, because i just would like it to be a platform for real free speech where every opinion can be expressed (as long as it is not against the law of course) even if it is not the opinion of the mainstream. I only believe it though once it is really a done deal because his first attempt of buying twitter was kind of a weird drama.
If he is successful then it is a possibility that Dogecoin could be accepted as a payment at twitter. I also think that this would have impact on it's price but probably not as much as it had when Musk mentioned it the first time.
If this happens i just hope that it won't kick off a new shit-coin wave like we had a few months ago.
sr. member
Activity: 1610
Merit: 264
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I thought this already happened couple of months ago like few months after April but then I didn't realize it was not happening yet. Regardless yeah, it is just a meme coin anyway and nothing else more. though I would not be surprised in the first place these days. Along with NFTs, Doge and Shib became like the popular memes now and I just can't wrap around my head that people are willing to buy such meme coins in high amounts.

Ethereum would be a great candidate instead though if not Bitcoin.
legendary
Activity: 2996
Merit: 1132
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This is speculation at its highest level and shouldn't really be calculated into your investments. We are talking about knowing the intentions of a billionaire, by his past actions and to be fair I am pretty sure that he is not going to be held responsible for them neither. He did pumped doge once, but then he also made it crash as well by saying he is no longer interested.

It means he could say whatever he wants and nobody is there to stop him. This is why I personally believe that it would be wiser if we could just ignore what he has said so far or done so far and assume that he has absolutely no interest in doge, because if we assume him wanting to, and then turns out he won't, we would lose a lot of money.
legendary
Activity: 3654
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It is clear that Elon is not that much into Doge as he used to be. Even if he buys twitter, and even if he really wants to change some stuff in it, I am pretty sure that adding Doge micropayments will not be the first thing he does. Maybe he will do it later on, I do not know when or how he will do that but if he does, I am sure it is going to be pretty much far distant in the future.

By that time, we could have a bull run, I mean think about it, he doesn't even own it yet, and that means doing all of these will take more than a year, I assume that we will have a lot better market by that time and the price will be over 50k+ by the time he gets the company and builds something like this.
hero member
Activity: 2702
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It wouldn't be impossible, he is an avid fan of it, and adopting it to the platform would only bring benefits to hodlers, which I assume he is a big part of. It may even be possible that he's going to run an advertisement of sorts for it when he gets the platform early on though I don't think it's going to last long though or heck I don't think a lot of people are even going to use it, a lot of people still don't even know what crypto is (not to mention most buyers of Doge are probably just hodling it for him and not to use it). There are probably a few better options tbh, but it is Elon we are talking about.   

On another note wasn't there a lawsuit about Elon and Doge? Wondering how he's going to handle that (or maybe it was handled already?)  if Doge was going to be introduced to the platform.
legendary
Activity: 2576
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What are your thoughts? Huh
That rumor has already been spread when he tries to buy Twitter for the first time and now resurfaced again because of his desire to buy Twitter again after choosing not too months ago.

Musk has been pumping and dumping DOGE for quite some time and we know that DOGE almost reached a dollar because of him. We also saw that his desire of buying twitter again made DOGE pump a bit. Now with regards to him adding DOGE into twitter if he successfully buys it, I guess it's possible since DOGE has been made to tip those people. I'm thinking, if he will integrate it, there might be a point where people will tip other people with DOGE if they see that their tweet or comment is good.

Now with DOGE going to $1, it's possible but the chance of it to happen are low to close to zero for me. With that enormous supply and it being inflationary, it will be hard but it's still possible knowing how many people are using twitter around the world. I'm thinking it's not only DOGE that will be added but there will be some coins that will be added for other use.
copper member
Activity: 2156
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if the dogecoin used as micropayment that would be great, since only twiter that love about crypto world

but as far that i know Elon Musk is doesn't like PoW coin especially that coin been mine with dirty energy doge is mine with ASIC like bitcoin
legendary
Activity: 2492
Merit: 1232
This didn't surprise me.

Elon Musk bought Twitter of course with a purpose and it could this was his purpose in the first place.  He loves Dogecoin and he always wanted to pump up the price of this coin.  We know Dogecoin is good for micropayments and at least it has a real utility.

It is always good if Elon Musk set another payment option like using the Bitcoin lightning network alternatively to the Dogecoin.
sr. member
Activity: 1372
Merit: 251
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We are waiting with the facts that happen, hopefully it will go according to plan.  if true, this could be a breath of fresh air to pump up the prices of all cryptocurrencies, not just doge.  this could be the next hype if the plan to integrate doge into twitter is a very good new thing because what we see with twitter is the most popular platform and the most used by everyone and is included in the top 10 most popular social media applications, the most  used
copper member
Activity: 2940
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With all the news with regards to Elon, it’s probably going to be connected with regards to his holdings. Doge of course would be part of it and anyone in any news with regards to connections with it will be produced and marketed, so that people would see doge as something as a reliable coin to profit from and possibly hold as well.

If you have money to spare, maybe you could really get some doge coins or something. Not financial advice.
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