Topic: Doggy take over — Elon Musk? (Read 285 times)
Elon musk is the always reason why doge still existing and keep showing good performance wherein through how the way elon influenced big investors as well.. That's why its not surprising doge wants to take over again because obviously elon musk starting to make fun around the internet again after how many months of being inactive.. He is a good influencer remember!. So expect to the moon. Lol
The only people that are making money out of Elon’s tweets about Doge are bots most likely or people who were online at the time he tweeted.
There are bots which monitor certain popular Twitter accounts such as Elon’s and it scans for “doge” text and then immediately buys it and there are probably hundreds of bots programmed to do this and hence why there is usually a huge 10-20% rally.
However these rallies almost always completely go back down. Seems the hype is down.
There are bots which monitor certain popular Twitter accounts such as Elon’s and it scans for “doge” text and then immediately buys it and there are probably hundreds of bots programmed to do this and hence why there is usually a huge 10-20% rally.
However these rallies almost always completely go back down. Seems the hype is down.
In my mind, it was just like an invitation to follow the fomo alone. The fried action that causes people to speculate to buy Dogecoin coins, this is very dangerous. Maybe in an instant Dogecoin will be bolted because of elon musk's tweets. But there are also risks that elon's tweets contain. People who do not know the ins and outs of Cryptocurrency will follow the trend only, without any analysis first. Indirectly, ordinary people will only be trapped by elon musk's Tweets.
You could actually take advantage if you wanted to but you should be wise on doing that because once you do get caught on the peak then you would really be ending up on holding for too long just the same case on other projects or coins out there which they do make out some pump and later on it did really make out some serious correction which did really result into true disaster which people should avoid as much as they can.
We have seen on how Elon had influenced out the market basing up on history and if you do love to play with Fomo things then its your choice but be sure on getting out and dont make yourself
get caught if you are tending with fast profits.
In my mind, it was just like an invitation to follow the fomo alone. The fried action that causes people to speculate to buy Dogecoin coins, this is very dangerous. Maybe in an instant Dogecoin will be bolted because of elon musk's tweets. But there are also risks that elon's tweets contain. People who do not know the ins and outs of Cryptocurrency will follow the trend only, without any analysis first. Indirectly, ordinary people will only be trapped by elon musk's Tweets.
Even if the hypes continue for dogecoins and even if elon musk continue shilling and creating hype for dogecoin, I dont see that it can manage to reached it goal which is 1$ knowing for a fact that it has no utility and use. Also seeing the volume of it which is very enormous that made me feel confident that the highest possible ATH that doge can reach is until .15$.
Makes me wonder how much Elon Musk purchased dogecoin?, He's been able to moved doge's price right away after he tweeted. The more he advertise that coin, the more investors are being interested on it. The fact that Elon is a powerful guy who have many followers, nothing is impossible that even that meme coin will have a value now.
It seems Elon Musk's tweets are now market movers, becuz each time he tweeted about dogecoin these past few days, it eventually pumps really high, seems like his followers will literally do anything he talks about, just like when he added bitcoin hashtag to his Twitter bio, we saw the longest green candle in the history of bitcoin over $7500+ pump in one day, although the dogecoin token burn can't happen but if it's possible and he announced it, better buy some dogecoin before then (not a financial advise though), LOL.
I'm seeing another pump, coin burn would potentially make DOGE to reach $1 each, and that's a huge profit for him since he bought early and now promoting the coins that he is holding. He is being smart and people are trusting him on this, so I would not be surprise of another move by him just to raise DOGE to the top.
The pump started this year (2021), he will be remembered as the personality of the year in crypto.
The pump started this year (2021), he will be remembered as the personality of the year in crypto.
the edit is just perfect lmao . the dog was carried instead of a lion . if elon post a pic like that or simillar to that which obviously shows a shilling , people will then get crazy . some will talk about it but other people will not waste time buy they will buy the coin that are being promoted by elon musk .
for now i dont think it will happen because elon support the btc more and he wont make things that people will get distracted because the effor he did in btc can go to waste
for now i dont think it will happen because elon support the btc more and he wont make things that people will get distracted because the effor he did in btc can go to waste
Takeovers can only happen with a change in the consensus. For that to happen, EM (or anyone else for that matter) would have to have a modified version of the DOGE wallet set up on their website encouraging their followers to download and install the system with key components changed enough so that whatever the intention that's the only version being downloaded and installed ...
Dial forward to a point where enough followers of EM have upgraded to that variant and the network calculates that variant is now the majority version and it becomes the new normal version of the wallet as "consensus" will have been reached.
It's at that point EM (or anyone else) will have taken over the coin.
But to what end?
Dial forward to a point where enough followers of EM have upgraded to that variant and the network calculates that variant is now the majority version and it becomes the new normal version of the wallet as "consensus" will have been reached.
It's at that point EM (or anyone else) will have taken over the coin.
But to what end?
As a crypto noob in 2017, Dogecoin was among the first three coins I bought during my frenzy to try my hand on crypto that year. I bought it for reason of two things — it was among the top coins on the CMC then, secondly the price was very cheap. I didn't even know what its hub or team or road map or white paper was all about. I guess it's the same way a lot of people will be buying it now too. If you look at Bitcoin, I am sure not even up to 5% of those who use it has read the white paper. I hope Dogecoin continues to soar.
Bitcoin adoption is what people discuss and use as one of basement for their prediction on bitcoin price. Dogecoin has very good adoption and its future is not dooming. The barrier for Dogecoin to get expensive price is its very high total supply. I believe that bitcoin will rise more, this year and in future. Dogecoin will survive along the market cycles and will follow Bitcoin to move up.Whitepaper, Github, not many investors read those documents.
what i see in crypto market is that market can be easily influence by major market trader, so with that picture everything can turn around for Doge, Elon is a major trader and investor so he can easily influence anything.
Traders don't have much influence. What you said is more related to investors and whale investors or institutes. Elon Musk is the person who spoke with his tweet but the investment is for Tesla, not for only Elon Musk. You can consider it as another institutional investment, this turn is from Tesla with the spokeman is Elon Musk.
To be sincere, I don't know what he wants shilling Dogecoin. The founder said the project is a joke and when you see the richest man in the world shilling it to people you think twice. I don't think he wants to pump and dump or people but said he bought it for his child, so what I think is that he is just playing around Doge to distract people from project he is positioning into
I have my reservations about the way people that obviously have a lot of influence in the text-based use their influence to bump up the price of cryptocurrency is only a few days ago was the news release that Tesla invested 1.5 billion dollars in Bitcoin. The pump in bitcoin prices right now maybe a domino effect from the Elon Musk tweet about dogecoin the subsequent release of the news and then the pump that followed.
I strongly believe that all investors should be careful when following this big influential people based on their post on social media because in reality whether you make money or you lose money you can hold them accountable for it
I strongly believe that all investors should be careful when following this big influential people based on their post on social media because in reality whether you make money or you lose money you can hold them accountable for it
Of course, people should be cautious about the market.
You should not rely with the FOMO or FUD as this will be your reason of failure.
Elon Musk has great influence because of his status.
But if you are an ordinary investor with small funds to spare, you need to be smart about things on what you read.
They won't be liable if in case you lost your funds. They won't take care of your losses.
I have my reservations about the way people that obviously have a lot of influence in the text-based use their influence to bump up the price of cryptocurrency is only a few days ago was the news release that Tesla invested 1.5 billion dollars in Bitcoin. The pump in bitcoin prices right now maybe a domino effect from the Elon Musk tweet about dogecoin the subsequent release of the news and then the pump that followed.
I strongly believe that all investors should be careful when following this big influential people based on their post on social media because in reality whether you make money or you lose money you can hold them accountable for it
I strongly believe that all investors should be careful when following this big influential people based on their post on social media because in reality whether you make money or you lose money you can hold them accountable for it
A Tweet From Elon Musk Has The Power To Move Markets And Mint Billionaires, Just Ask Marcin Iwinski
Elon Musk is fast becoming like Trump whose Twitter account was capable of changing a bullish market to bear or otherwise.
If Musk makes such a doggy take over post on his Twitter or anything more positive about doge, expect more bull for the coin
Wow I didn't know he is the rich
Net worth= US$203 billion (As of February 2021)
Quote
If you're working to get your startup off the ground, a tweet from Elon Musk can mean big business. Heck, no matter where you are in the lifeline of your company, a tweet promoting your business from Elon Musk can radically change your outlook.
Elon Musk is fast becoming like Trump whose Twitter account was capable of changing a bullish market to bear or otherwise.
If Musk makes such a doggy take over post on his Twitter or anything more positive about doge, expect more bull for the coin
Wow I didn't know he is the rich
Net worth= US$203 billion (As of February 2021)
what i see in crypto market is that market can be easily influence by major market trader, so with that picture everything can turn around for Doge, Elon is a major trader and investor so he can easily influence anything.
This is impossible or I will say, has less chance. There is no strong support that can back up the rise of Dogecoin if no special tweet happened. And the reality, I doubt a great number of different people actually buy the coin but mostly, big individuals just bought a lot of bags.
"Never say never" should be everyone's watch word. There is no certitude to these things. If anyone told you a few years ago that Bytebal would be a fallen token today would you've believed it or that Walton will sell below a dollar today? People buy certain things either from awareness or share lack of it other than for the cheap price. As a crypto noob in 2017, Dogecoin was among the first three coins I bought during my frenzy to try my hand on crypto that year. I bought it for reason of two things — it was among the top coins on the CMC then, secondly the price was very cheap. I didn't even know what its hub or team or road map or white paper was all about. I guess it's the same way a lot of people will be buying it now too. If you look at Bitcoin, I am sure not even up to 5% of those who use it has read the white paper. I hope Dogecoin continues to soar. In the heat of this Bitcoin frenzy, just imagine Elon Musk should have the below picture and then make a tweet like this on his handle: Doggy supply burn. With a hash tag —
#doggytakeover
#getready
What do you think the outcome will be for Dogecoin?
I know he is the biggest influencer perhaps in the whole financial sector at the moment but i do not know why he chose to shill doge, it would have been great help if he had chosen to shill about btc, eth or generally crypto as that would have helped in taking this advanced market and assets to a lot of new users. #doggytakeover
#getready
What do you think the outcome will be for Dogecoin?
I have a hunch that since 2021 is a crypto year Dogecoin will gradually continue to rise even if Elon doesn't tweet about it again.
This is impossible or I will say, has less chance. There is no strong support that can back up the rise of Dogecoin if no special tweet happened. And the reality, I doubt a great number of different people actually buy the coin but mostly, big individuals just bought a lot of bags.
Once the hype slows down, expect that Doge will come back again to its usual state prior to that shilling.
I also follow elon mask tweet, there i found he likes memes and making fun of himself to people (maybe for his own entertainment or something else). That's why he is doing so. As he is already top brillionare & now showing his interest on Crypto industry even he bought $1.5B bitcoin, so people think he could bought doge too and that's why doge pumping incredibly but i don't think this pump will last for long.doge market would react negatively too
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