Elon fuels BTC rise 17% DOGE gose 8×

Yurkov

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Quote from: Botnake on February 08, 2021, 05:37:46 PM

Quote from: 2double0 on February 08, 2021, 02:10:38 PM

I told you he is a paranoid character and see, he bought a billion and a half USD worth of btc and showed it off, causing the exchanges to break down due to so many buy orders coming in and many exchanges were unable to handle them. This fomo was even worst than the 2018 price hikes and looks like it has opened the doors for btc to get over 100k in no time if such personalities will publicly release their investments.

I thought the public have already learn and matured on this kind of news, when there's a FOMO it's easier for the market to manipulate. Thing is, we look like amateur investors who easily follow what the whales are telling us to do, with that, it gives them easy money and they'll be able to cash out pretty soon.

You haven't written that you are talking only about the cryptocurrency market, and that's good! Because such news affects all financial markets in the world. It is on this type of information that share prices and fiat exchange rates depend. Welcome to the high seas of price manipulation.

Botnake

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Quote from: 2double0 on February 08, 2021, 02:10:38 PM

I told you he is a paranoid character and see, he bought a billion and a half USD worth of btc and showed it off, causing the exchanges to break down due to so many buy orders coming in and many exchanges were unable to handle them. This fomo was even worst than the 2018 price hikes and looks like it has opened the doors for btc to get over 100k in no time if such personalities will publicly release their investments.

I thought the public have already learn and matured on this kind of news, when there's a FOMO it's easier for the market to manipulate. Thing is, we look like amateur investors who easily follow what the whales are telling us to do, with that, it gives them easy money and they'll be able to cash out pretty soon.

2double0

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I told you he is a paranoid character and see, he bought a billion and a half USD worth of btc and showed it off, causing the exchanges to break down due to so many buy orders coming in and many exchanges were unable to handle them. This fomo was even worst than the 2018 price hikes and looks like it has opened the doors for btc to get over 100k in no time if such personalities will publicly release their investments.

StreakW

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Quote from: sujonali1819 on February 08, 2021, 01:16:54 PM

The word "Elon Musk" is a big thing in crypto market. I am just amazed. Back years such big changed was happened in crypto market by John McAfee. But we can not see his name nowadays as like Elon Musk.

And yeah I will always suggest Everyone to don't trust blindly something in crypto basically. It’s always better to think in cool mind before making any investment. "Don't be FOMO"

Yes, don't be FOMO, because it's so dangerous and huge pontential your asset will be stuck. But I think we can't deny that everything that Elon Musk mentions always pumped, so buy as fast as you can after you read his tweet and only using side funds.. Never ever all in all your money into something vague

STT

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Got to give him credit for being more then just a meme on Crypto involvement. If he accepts BTC for payment, he will also be hoping to use this as payment or in exchange on some expenditure to make the actual cars I expect. When Virgin Galactic space trips offered to take BTC i think they were straight away converting it to dollar, it gets more interesting if Tesla is going to use BTC as an actual floated currency on its balance sheets rather then just dollar or the dollar tether system.

https://www.cnbc.com/2021/02/08/tesla-buys-1point5-billion-in-bitcoin.html

sujonali1819

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The word "Elon Musk" is a big thing in crypto market. I am just amazed. Back years such big changed was happened in crypto market by John McAfee. But we can not see his name nowadays as like Elon Musk.

And yeah I will always suggest Everyone to don't trust blindly something in crypto basically. It’s always better to think in cool mind before making any investment. "Don't be FOMO"

TheGreatPython

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Quote from: El duderino_ on February 08, 2021, 05:25:47 AM

There is no absurdity in BTC rising to new highs, ATH's etc

All the rest mmmm lots of absurt prices indeed...

"Circulating Supply
128,289,785,324 DOGE
Max Supply
--
Total Supply 128,289,785,324"

This only can go one way --> disastrous :/

Unfortunately the increase in doge can't be sustainable but that has been the case for GME as well, those people who get hyped with the famous people and "all togetherness" feeling will eventually have to lose and that price will crash a lot, it is going to go under 0.003 for sure, there is a chance it could drop under 0.001 and that scares me a lot, 0.003 is understandable drop but if it goes down even further that is going to be a bit of a challenge for sure. At the end of the day dogecoin is in a big bubble, but why should that be bad right now? Many people made a profit from it and everyone who bought earlier could sell for 3x and more prices right now making a great return.

Of course it "will" be horrible for everyone who bought high and that will end up with a horrible fall for them but that hasn't happened yet, which means everything is great so far in doge, obviously it will be bad, obviously its going to be horrible, but for now it is great.

fadhilz123

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Quote from: 3meek on February 08, 2021, 08:15:33 AM

Tesla invests $1.5B in bitcoin! Shocked

Musk has outsmarted everyone again! Cheesy

Second time pumping bitcoin... That's what he tweeted last time!
I wonder, maybe they will invest in DOGE too? Grin

Just be careful, about your money. They can easily sell immediately and buy-in dip. I happy because the big company like tesla invest in Bitcoin with a huge amount but I'm also worried that they can easily manipulate the price

I missed dogecoin again..

Yurkov

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Quote from: 3meek on February 08, 2021, 08:15:33 AM

Tesla invests $1.5B in bitcoin! Shocked

Musk has outsmarted everyone again! Cheesy

Second time pumping bitcoin... That's what he tweeted last time!
I wonder, maybe they will invest in DOGE too? Grin

Wait a few more hours, let everyone know that Musk has loaded in BTC. The pump on DOGE is about to end and all funds will be transferred to Bitcoin. Now the Bitcoin pump will run for a week or two up to $100k.

3meek

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God, save BTC!

Tesla invests $1.5B in bitcoin! Shocked

Musk has outsmarted everyone again! Cheesy

Second time pumping bitcoin... That's what he tweeted last time!
I wonder, maybe they will invest in DOGE too? Grin

Ultegra134

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Quote from: mindrust on January 29, 2021, 08:30:58 AM

Crypto is Elon's new playground now?

What will happen when the tweets "Bitcoin as shit as FIAT" like the last time he did?

Reminds me of McAffee too. Since he is in jail now, somebody had to fill his spot. If Elon keeps doing this, he might be cell mates with McAffee.

Couldn't agree more, it's pure manipulation of the mass. People know that such announcements/posts from someone of influence have massive effects, especially in Doge, which is a meme coin with no actual purpose. They're taking advantage of an opportunity that won't definitely last long, and may or will definitely crash at any time.

There are others who are still buying at this tremendous price, I find it stupid and way too risky.

El duderino_

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Quote from: ?? on ??

Nobody even gets that Elon Musk is just mocking the absurdity of crypto markets lately Roll Eyes

There is no absurdity in BTC rising to new highs, ATH's etc

All the rest mmmm lots of absurt prices indeed...

"Circulating Supply
128,289,785,324 DOGE
Max Supply
--
Total Supply 128,289,785,324"

This only can go one way --> disastrous :/

Yurkov

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Quote from: Vishnu.Reang on February 08, 2021, 02:54:49 AM

Quote from: Yurkov on February 08, 2021, 01:08:06 AM

Either way, all of these theories accelerate FOMO around DOGE.
Whether Elon is the biggest DOGE owner or not, his behavior reminds me of what John McAfee did a few years ago. McAfee's story ended when it turned out that he was doing coin pumps for money. I'd rather Elon do it for a joke, or even for himself, than for contract money.

McAfee promoted scam projects, fully knowing that there was a very high chance that anyone who listen to his advice would lose all their capital. His case is a classic example of someone using their celebrity status and (previously) clean reputation to promote scams. I feel bad for everyone who lost their money.. but then I hope that they have learnt their lesson. In a decentralized ecosystem, you are on your own.

On the other hand, Elon is someone who is honest to the core. He made a controversial statement many months before regarding the Tesla stock valuation. He said that the stock looks overpriced (which was true) and the share-holders (including Elon himself) witnessed 10%-20% of their wealth wiped out in a matter of few hours. He never made any statement, in order to increase his wealth. His tweets only resulted in wealth reduction for him.

Nobody proved to McAfee that he promoted scams. He simply made pumps on the coins that the developers paid him. I know it's not fair to compare Elon Musk with him, but the fact that they are kind of celebrities in the world of new technologies is the link between them.
I just hope that at the end of this story, Musk doesn't get the same opinion that McAfee has.

mich

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Elon has continuously showed us how much he can control the market with a simple changes to his social media accounts.

Truly believe Elon has been stacking away his own crypto at a lower price and is now pumping it for his own gains.

Just wish he would focus more on the pumping of Bitcoin and leave Dodge coin alone. Its only a memecoin and I really think its hype will slow down soon.

Kasabus

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Quote from: btc_angela on February 08, 2021, 12:54:39 AM

Quote from: SATWAT on February 07, 2021, 04:43:20 PM

Quote from: DeathAngel on February 04, 2021, 10:22:25 AM

I think Elon is starting to enjoy the attention he’s getting from pumping various cryptocurrencies. I think he’s starting to enjoy having his ego inflated with the power of having a very public presence. I don’t even know if he cares about crypto & at this point I think he’s potentially trolling. Not impressed tbh!

I am also not impressed with him but today I was looking for few things and have this address which already hold 36 Billion dogecoins some saying its belong to Elon I am feeling he is doing this all for his own. https://blockchair.com/dogecoin/address/DH5yaieqoZN36fDVciNyRueRGvGLR3mr7L

We still can't say if the billion dogecoin belongs to Elon or not, as he is not admitting anything on public whether he is a bag holder or what we have been suspecting all along, he is just trolling us with his tweet about doge.

And then FOMO sets in, as for if he cares about crypto argument, the guy has so many plates in his table and I doubt that crypto will be his concern at this point.

It sounds like he realizes that crypto investment makes better results.

He is promoting crypto now and that he loves wearing it below his name on his Twitter account. He does the hypes, we are also benefiting from it but for sure, he also benefits more than what we got. I suspected him like a bag holder, not only for Doge but also Bitcoin, I think. I may say that he finally understands how crypto works and who will benefit from them.

Vishnu.Reang

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Quote from: Yurkov on February 08, 2021, 01:08:06 AM

Either way, all of these theories accelerate FOMO around DOGE.
Whether Elon is the biggest DOGE owner or not, his behavior reminds me of what John McAfee did a few years ago. McAfee's story ended when it turned out that he was doing coin pumps for money. I'd rather Elon do it for a joke, or even for himself, than for contract money.

McAfee promoted scam projects, fully knowing that there was a very high chance that anyone who listen to his advice would lose all their capital. His case is a classic example of someone using their celebrity status and (previously) clean reputation to promote scams. I feel bad for everyone who lost their money.. but then I hope that they have learnt their lesson. In a decentralized ecosystem, you are on your own.

On the other hand, Elon is someone who is honest to the core. He made a controversial statement many months before regarding the Tesla stock valuation. He said that the stock looks overpriced (which was true) and the share-holders (including Elon himself) witnessed 10%-20% of their wealth wiped out in a matter of few hours. He never made any statement, in order to increase his wealth. His tweets only resulted in wealth reduction for him.

Yurkov

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Quote from: btc_angela on February 08, 2021, 12:54:39 AM

Quote from: SATWAT on February 07, 2021, 04:43:20 PM

Quote from: DeathAngel on February 04, 2021, 10:22:25 AM

I think Elon is starting to enjoy the attention he’s getting from pumping various cryptocurrencies. I think he’s starting to enjoy having his ego inflated with the power of having a very public presence. I don’t even know if he cares about crypto & at this point I think he’s potentially trolling. Not impressed tbh!

I am also not impressed with him but today I was looking for few things and have this address which already hold 36 Billion dogecoins some saying its belong to Elon I am feeling he is doing this all for his own. https://blockchair.com/dogecoin/address/DH5yaieqoZN36fDVciNyRueRGvGLR3mr7L

We still can't say if the billion dogecoin belongs to Elon or not, as he is not admitting anything on public whether he is a bag holder or what we have been suspecting all along, he is just trolling us with his tweet about doge.

And then FOMO sets in, as for if he cares about crypto argument, the guy has so many plates in his table and I doubt that crypto will be his concern at this point.

Either way, all of these theories accelerate FOMO around DOGE.
Whether Elon is the biggest DOGE owner or not, his behavior reminds me of what John McAfee did a few years ago. McAfee's story ended when it turned out that he was doing coin pumps for money. I'd rather Elon do it for a joke, or even for himself, than for contract money.

btc_angela

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Quote from: SATWAT on February 07, 2021, 04:43:20 PM

Quote from: DeathAngel on February 04, 2021, 10:22:25 AM

I think Elon is starting to enjoy the attention he’s getting from pumping various cryptocurrencies. I think he’s starting to enjoy having his ego inflated with the power of having a very public presence. I don’t even know if he cares about crypto & at this point I think he’s potentially trolling. Not impressed tbh!

I am also not impressed with him but today I was looking for few things and have this address which already hold 36 Billion dogecoins some saying its belong to Elon I am feeling he is doing this all for his own. https://blockchair.com/dogecoin/address/DH5yaieqoZN36fDVciNyRueRGvGLR3mr7L

We still can't say if the billion dogecoin belongs to Elon or not, as he is not admitting anything on public whether he is a bag holder or what we have been suspecting all along, he is just trolling us with his tweet about doge.

And then FOMO sets in, as for if he cares about crypto argument, the guy has so many plates in his table and I doubt that crypto will be his concern at this point.

yefi

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Quote from: SATWAT on February 07, 2021, 04:43:20 PM

I am also not impressed with him but today I was looking for few things and have this address which already hold 36 Billion dogecoins some saying its belong to Elon I am feeling he is doing this all for his own. https://blockchair.com/dogecoin/address/DH5yaieqoZN36fDVciNyRueRGvGLR3mr7L

It's an obscene amount. At first glance it looks like an attempt to corner the market a la the Hunt brothers, but then why no attempt to conceal the accumulation and split funds across addresses? It's like the holder is making a boast to us, "behold the king of Doge". That's a statement one could definitely see fitting in with Musk's ego.

I guess it could also be another party playing off the Musk thing, but that is a very expensive gambit. Even if they were all bought at .2c, that's over $73M invested.

KTChampions

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Quote from: xSkylarx on February 07, 2021, 02:15:21 AM

I'm starting to lose my respect towards him in terms of cryptocurrency. Dogecoin has no maximum supply so I don't see a reason to pump it. Someone out there might have a huge holding of it and can dump anytime they want. I'm curious what type of people buying it at current price. If Elon keeps tweeting about it for the next couple of days, it's possible to reach 10cents per doge. People who don't know anything about crypto will be at big risk.

Isn't that a problem of these people?
Sooner or later, they will have to figure out the issue (if we assume that the crypto will be in demand). If they have to sort out the issue after some losses caused by their ignorance, then it will only be their mistake and no one else.

Topic: Elon fuels BTC rise 17% DOGE gose 8× (Read 867 times)