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Topic: Elon Musk Back To Promoting Doge as a Payment Method for New Cologne (Read 301 times)

legendary
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He was going to do it anyway. Even when he first tried to buy Twitter, I thought it was a good idea. He can manipulate well and that's good for him. It's not normal for people to buy and sell based on his tweets. He's already one of the richest people in the world. It was in dogecoin's favor that something like this happened. It multiplied with memecoin and ridiculous memecoins are issued every time by looking at every tweet. He will bring a payment system to Twitter and put it on the market, especially doge.
hero member
Activity: 1666
Merit: 453
Most people around the world know that Elon Musk is a well-known businessman even before he became a well-known social media influencer on Twitter. Maybe Musk is just using his power of influence to take advantage of whatever he can think of to promote altcoins or meme coins.

He does this because he knows that many communities on Twitter will buy the coin that he will mention on the Twitter platform. And it only means that he wants to release a large amount of money, so for the billions of dogecoins he holds to happen before he sells it, he will make a hype post that he knows will be popular and he will meet the target price what he wants to happen is that he will sell (Elon Musk).
hero member
Activity: 2100
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In my point of view Musk is very serious to show the world that he has the power and influence to influence the people inside crypto world, he wants to show that he can manipulate and dictate the future of Doge, anyway, unlike other new project, Doge is stronger and has the capability to handle lots of trading pressure.
legendary
Activity: 1820
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Musk proposes charging $8 for verified Twitter account despite user backlash
The new owner justified the measure saying ‘we need to pay the bills somehow’
https://www.theguardian.com/technology/2022/nov/01/musk-charging-twitter-verified-accounts

Twitter’s current lords & peasants system for who has or doesn’t have a blue checkmark is bullshit.
Power to the people! Blue for $8/month.
https://twitter.com/elonmusk/status/1587498907336118274?
Twitter must be in big trouble after layoffs.
legendary
Activity: 3318
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I think he is just playing with the minds of people. He attached Doge Coin with his life. Whenever he will do anything in the name of crypto. Ot definitely effect on it particularly on Doge Coin..

And if he will sell his worth of Doge Coin definitely many people will face losses.

Just because of this I prefer Bitcoin most. Last he sold his Bitcoins, but it  impact  nothing on Bitcoin value.
I do not think that he has that much doge left, he probably sold most of it. He could still have some, like having 500 million dollars worth wouldn't be a big deal to him, but I doubt he has that much, he probably has somewhere between 10-100 million or maybe none. That will not make the market go down too much.

What he could do which would be scary is saying doge is bad, if he goes to twitter and says that doge is terrible and they would not use doge for anything and it's a shitcoin etc etc, if he tweets something like that then it would crash the market, more than it would crash any other way and that is the scary part if you ask me. I do not see how that could be recovered from.
hero member
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I stand with Palestine.
I think he is just playing with the minds of people. He attached Doge Coin with his life. Whenever he will do anything in the name of crypto. Ot definitely effect on it particularly on Doge Coin..

And if he will sell his worth of Doge Coin definitely many people will face losses.

Just because of this I prefer Bitcoin most. Last he sold his Bitcoins, but it  impact  nothing on Bitcoin value.
legendary
Activity: 3122
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Well to no shock DOGE is up 140% this week leading all other coins. The price of DOGE went up 11% after a tweet of his Shiba Inu puppy Floki.

https://www.news18.com/news/buzz/elon-musk-celebrates-halloween-with-twitter-bird-logo-carved-into-pumpkin-6281479.html
legendary
Activity: 3808
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Yes I know tons and tons of people who got burn't by following his Doge coin tweets. I had so many people who I knew in person, call and ask whether they should buy Doge or BTC. I told them to buy BTC but they said its too expensive and Doge is cheap.

They had this theory how they will buy at $0.50 and sell it at $5 or $10. I told them it will never reach that number due to the huge market cap and large miner rewards. They are still bag holding from entering at $0.50-$0.75. Many entered when he had that SNL skit.
legendary
Activity: 2534
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It would be awesome to hold some dogecoin and Shiba to benefit from the influencing propensity of Elon musk. I must confess that it's nice to know that Elon musk is back to cryptocurrency influencing, his impact no doubt contributed to the last bull run and we may see more of him since he's been into promotion of his products lately and has been selling out greatly.
If you want to buy some doge or shiba that is your decision however I do not see the reason to do something like this right now, we are in a bear market and even if Elon promised that one of those coins will be key for the development of twitter in the future I do not think too much will come out of it, so wait until we get closer to the bull market and only then you can consider to buy some of those coins and obtain profits as Elon tries to manipulate the markets.
newbie
Activity: 96
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It would be awesome to hold some dogecoin and Shiba to benefit from the influencing propensity of Elon musk. I must confess that it's nice to know that Elon musk is back to cryptocurrency influencing, his impact no doubt contributed to the last bull run and we may see more of him since he's been into promotion of his products lately and has been selling out greatly.
hero member
Activity: 3066
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Let just leave this man alone and look for other things to agitate about because he so much Ike doge coin and nothing will stop him from doing that. I think he's one of the people that has large holdings in doge coin that is why he doesn't relent promoting the project and I can see that many persons are supporting it while others do not like care about what it could bring to the table. The project is okay for me with better promotion.
People are too focused on him when he's got a lot of things to do and to be busy with. It's just so happen that the impact that Elon has made for Dogecoin and other meme coins are big to be unnoticed and forgotten and that's why those that have bought at the top are now still waiting for his return to keep on shilling these meme coins especially Dogecoin and Shiba that they're holding tons of it and can't sell at losses.
sr. member
Activity: 2044
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At this time all coin prices experienced a significant decline.  Although we know that Elon Musk has a big influence on Doge, but still the price of Doge has not changed very well, because market conditions are not good
This is also why Elon didn't hype DOGE that much recently, because he knows it's useless because Bitcoin is still dominant.
The probability for Elon to hype DOGE again is high, we know him in just a simple tweet people will react on that and that could be the start of the hype. I wonder if that statement is real and Elon will really support DOGE publicly. DOGE is just a meme token before, though it changed a lot since Elon started to make hype on that meme token.
hero member
Activity: 2310
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According to Be[In]Crypto’s recent DOGE technical analysis, the memecoin could see a bullish breakout within the week after initially falling to $0.051.

It's funny to read about the technical analysis of a coin that depends entirely on Ilon Musk's tweets. Tomorrow Musk will write that Doge is a crap coin worth getting rid of and all this technical analysis will turn into dust and the price of the coin will start its epic plunge to the bottom. To trade DOGE, all you have to do is read the tweets of the main manipulator of the coin, and everything else is secondary.
Yeah, taking note of what he have mentioned is good. We should have the mind to think, did he made any connection based on which he said doge is a crap coin. When someone says these kind of statement or some praising statement we should analyse on what basis he said it. When we were able to do it, automatically we will understand when we need to be influenced by someone's statement.
hero member
Activity: 2688
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Maybe he find expensive to manipulate bitcoin that's why he find more cheaper coins which is not controlled by anyone and easily to be manipulate. For sure he needs more profit that's why he goes back promoting doge again.

For now will see some constant changes to the doge since I want to ride what Elon Musk doing at the moment. Also for new players of doge be careful not to hodl to much since whenever Musk start to manipulate for sure he is the one who will dump it once Doge price rise up for more.
Doge coin's value might be cheap but its supply is much bigger than in bitcoin. The supporter of doge coin is also huge so I think manipulating this coin is also hard as btc most especially now that people have woken up from the reality and they are now aware that Elon is not really their ally.

Elon is a rich guy so saying that he needs more profit sounds a little bit weird but it can also be possible because Elon have different deals and last time he planned to buy twitter so that would have costed them huge amounts of money. Good luck to you by the way on what you are planning. I hope you will be successful with it even if I am not that bullish with doge.
staff
Activity: 2436
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According to Be[In]Crypto’s recent DOGE technical analysis, the memecoin could see a bullish breakout within the week after initially falling to $0.051.

It's funny to read about the technical analysis of a coin that depends entirely on Ilon Musk's tweets. Tomorrow Musk will write that Doge is a crap coin worth getting rid of and all this technical analysis will turn into dust and the price of the coin will start its epic plunge to the bottom. To trade DOGE, all you have to do is read the tweets of the main manipulator of the coin, and everything else is secondary.
sr. member
Activity: 672
Merit: 273
Looks like Elon Musk is really back in the cryptocurrency market, because starting today he has been tweeting about Bitcoin and Doge,
this reminds me of when Elon Musk tweeted in 2021 and made the market bull,
if indeed the bull market started then of course this is a great opportunity to buy Shiba, Bitcoin and also Doge because Elon Musk supports these three coins.
Elon musk has been a strong influence in the dogecoin market journey and as a whale, his tweet has caused a lot of market changes in the dogecoin market but lately, a lot of things have changed and his tweet is no longer as influential to the market as it uses to be.

But if all things are equal, and there is an update in the dogecoin software even though that does not equal success in the dogecoin market but some good traction can be picked from that place.
member
Activity: 519
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That's good information to hear about Elon musk tweet towards Doge Coins as a means of payment, in this period of Bear market, assume it was 2021 he made this tweet, they will be massive pump towards cryptocurrency market.
jr. member
Activity: 1330
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Elon Musk is a great influencer in the cryptocurrency space. I think the future of Doge coin is bright and have prospects. Holders of Doge coin, IMO, can keep holding on as there could be a growth in value. Cryptocurrency is gradually coming to limelight to find more practical use cases. It is exciting to see Elon talking about crypto, this time Dode coin -as it is a unique/stylish way of endorsing cryptocurrency for those who don't like or understand cryptocurrency.
hero member
Activity: 2324
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Doge is coin of Elon musk,he had promoted his own coin.By influenced that coin,he had earned huge money from it.Because people had invested huge money by the words of Elon musk.The doge was made huge volatility in the market.The people had made huge investments after the twitter made by Elon,it was trending crypto currency at that time of Elon influence on it.Doge is the meme coin,So it’s not good for long term investment.Doge can be trade for the short term and day trading of doge to get profit.
sr. member
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after buying twitter, Elon will probably make Doge even more famous on Twitter where the crypto community is more active there, I think Dogecoin as long as there is Elon will continue to survive this bear market even though it doesn't drop too far from other altcoins, I hold Dogecoin because i believe dogecoin will be worth over $1 in the future, just keep more now buy it under $0.1
We will see that but it seems that he understands that the market is in bear and even if he tries to Tweet, that will have bare effect on its price.
yes I believe Elon influence through his tweets is very influential on the price of Dogecoin and it will continue to be awaited by the community and Doge holders in the future to see how Elon brings Doge to be more advanced and has fantastic value, I believe all the community is also waiting for good news to come from Elon about Doge
legendary
Activity: 2534
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Looks like Elon Musk is really back in the cryptocurrency market, because starting today he has been tweeting about Bitcoin and Doge,
this reminds me of when Elon Musk tweeted in 2021 and made the market bull,
if indeed the bull market started then of course this is a great opportunity to buy Shiba, Bitcoin and also Doge because Elon Musk supports these three coins.
Elon did not really made this market to enter a bull phase, the conditions were already there and the only thing that Elon did was to increase the interest of speculators on meme coins, however even if Elon shows interest now the conditions for something like this to happen are not there, so while a small pump could be possible I do not expect too much out of those  movements as most of the people that invested in those coins lost their money anyway, and even if they want to participate in the current movement they do not have the money to do it.
legendary
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And people are still falling for it  Grin How many times do people like Elon Musk need to do this thing before people realize they are being made a fool by someone whom they hold in high regard? I think at this point, Elon is just making fun of his followers and trying to make a point ALL THE WHILE making money on the side due to the gullibility of the same people.

At this point, people jumping the bandwagon of whatever Elon created are mindless followers but whatever.
sr. member
Activity: 1610
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Bruh, I thought we were already over with Elon Musk after all of his crypto tweets. I only read in the news about his tweet pertaining that he is selling perfume to buy Twitter. I never expected that Doge would be even involved in this stuff though I would not be surprised that he would still try to tweet meme coins all over again, maybe surprised that people are still buying his tweets as an advice just because he was mentioning it in his Twitter page.

This is why I really steer clear away from any celebrities when they mention cryptos, lol.
legendary
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Looks like Elon Musk is really back in the cryptocurrency market, because starting today he has been tweeting about Bitcoin and Doge,
this reminds me of when Elon Musk tweeted in 2021 and made the market bull,
if indeed the bull market started then of course this is a great opportunity to buy Shiba, Bitcoin and also Doge because Elon Musk supports these three coins.

I do not think Elon Musk has the same influence as before.  People learn, I think Musk may still have an influence on Doge coin but I am sure his influence over Bitcoin market has already deteriorated.

On the other note, it is good to have Big names starting to shill crypto projects and coins again.  This will somehow help in shifting the current bearish sentiment into a bulish one but I think Musk alone can't do that, we need more Big Names in the industry to help the market gain more traction.

Elon Musk has always been a source of hype whenever he aims for that certain thing to happen. And Dogecoin is just a valid example of his own favorite coin since he’ll be hyping it again for it’s another promotion. I just hope this time newbies will not eventually fall for this. Though it’s never a mistake to explore some meme coins, but make sure you are investing it only a minimal amount knowing the fact, that Dogecoin has already lose its value and now it’s just surging up because of the influence made by Elon.

True but the thing is Elon's influence is getting weaker every time he tries to manipulate or influence the market.  His action is like "the law of diminishing return" the more frequently he involves himself in crypto market hype.
hero member
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Historically, DOGE price behavior has tracked sentiments in Musk’s tweets about the memecoin.

While largely positive, with some tweets sending the memecoin rocketing by 20% to 85%, other tweets have resulted in bearish price behavior.

In Feb. 2021, the price of DOGE fell 20% following Musk’s criticism that the memecoin was concentrated in the hands of a few followers.

Following the Burnt Hair announcement, DOGE is uncharacteristically down 0.4%, as even the billionaire’s bullish tweet could not rouse it from its bearish slumber. At press time the price is $0.06.

According to Be[In]Crypto’s recent DOGE technical analysis, the memecoin could see a bullish breakout within the week after initially falling to $0.051.

DOGE could see a more long-term rally following an update to its Core software later this year, and then again in March 2023.

(Source: Beincrypto)
This is not new to us as Elon will always come back to hype his favorite coin because that will also bring huge profits for himself. I can still imagine how those Dogecoin lovers before put all their money in this coin and boom, when Elon is gone, the price of Dogecoin also stops increasing. So maybe this will be a lesson for everyone especially for Elon’s fanatics, always invest in a reputable coin to avoid huge losses, and I think all the coins that are hyped by Elon are definitely not reputable at all.
hero member
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Winding down.
He is not a crypto influencer for nothing. We have seen him jumping on board with BTC in 2020-2021 and it really push the price to new height and it really skyrocketed.

But it seems that he is only for Doge, and if I remember it correctly, he used to accept bitcoin as payment for his project Tesla model cars but have a change of heart and then shift to Doge. So not surprised that he is promoting Doge again for his new cologne.
Elon Musk has always been a source of hype whenever he aims for that certain thing to happen. And Dogecoin is just a valid example of his own favorite coin since he’ll be hyping it again for it’s another promotion. I just hope this time newbies will not eventually fall for this. Though it’s never a mistake to explore some meme coins, but make sure you are investing it only a minimal amount knowing the fact, that Dogecoin has already lose its value and now it’s just surging up because of the influence made by Elon.
legendary
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Historically, DOGE price behavior has tracked sentiments in Musk’s tweets about the memecoin.

at first people ran to buy dogecoin every time musk made a twitter, but over time this pump scheme started to lose momentum, that's because of so many twitters that he made the price no longer increased much, so people lost interest to buy dogecoin. if musk was creating great opportunities for doge to be used in the real world then the price of doge would not stop going up

While largely positive, with some tweets sending the memecoin rocketing by 20% to 85%, other tweets have resulted in bearish price behavior.

this happens due to the importance of the news, for example:

- if musk made a twitter saying that amazon already accepts doge as payment, then the price would go up a lot

- if musk made a twitter saying that the doge is good currency then the price of doge will not go up

In Feb. 2021, the price of DOGE fell 20% following Musk’s criticism that the memecoin was concentrated in the hands of a few followers.

this is the danger when a single person has the power to manipulate the price

According to Be[In]Crypto’s recent DOGE technical analysis, the memecoin could see a bullish breakout within the week after initially falling to $0.051.

DOGE could see a more long-term rally following an update to its Core software later this year, and then again in March 2023.

man as long as bitcoin is not in the bull market all altcoins will be in the bear market with bitcoin
hero member
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He is not a crypto influencer for nothing. We have seen him jumping on board with BTC in 2020-2021 and it really push the price to new height and it really skyrocketed.

But it seems that he is only for Doge, and if I remember it correctly, he used to accept bitcoin as payment for his project Tesla model cars but have a change of heart and then shift to Doge. So not surprised that he is promoting Doge again for his new cologne.
Elon Musk is definitely an influential person, not because of his huge wealth but also being a smart and wise entrepreneur. To the extent of becoming a greedy person he has now become. But I must say, this man is really intended for Dogecoin, as he has no effect on bitcoin. So this is not surprising really if he will hype again Dogecoin and make its price bullish instantly bullish, but just like the old times, once the hype is gone, Dogecoin’s price will certainly drop again and stay less valuable.
legendary
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Elon Musk is now busy promoting his new fragrance Shocked!!! But it is not excluded that he will announce the acceptance of payment for the new perfume by Dogecoin!!!
In any case, we are now in a bear market and it is difficult to see a significant rise for Dogecoin or any other currency unless the market situation improves and Bitcoin begins to rise and stabilize, but it is possible in any case that there will be a slight increase in the price of Dogecoin during the next week, but this will not last long .
member
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Elon Musk is probably raising money to buy Twitter Last few days he tweeted to promote a perfume I don't know why people take him seriously and then regret investing in the project on one of his tweets. In my opinion, at least in the case of crypto, We should not give importance to Elon Musk, especially the promotion-type tweets.
hero member
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It be better for him to just use Doge after all, its for his games and the price is still affordable for everyone who wanna ride its waves. The pump will benefit to all those who want to make money in crypto including the newcomers with only few USD to invest. Dogegod so they call him but still consider him philanthropist for manipulating price and make every investors win as long as they can sell too while its not yet dumping.
hero member
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Well, Elon shills for meme coins but can't even accept it. If majority of his followers will see that pattern, they should get enough of him.
He's all for the hype and he understands his influence that can bring to the market but if it's about showing his balls of accepting dogecoin for selling his Tesla's as an example, he can't do that.
after buying twitter, Elon will probably make Doge even more famous on Twitter where the crypto community is more active there, I think Dogecoin as long as there is Elon will continue to survive this bear market even though it doesn't drop too far from other altcoins, I hold Dogecoin because i believe dogecoin will be worth over $1 in the future, just keep more now buy it under $0.1
We will see that but it seems that he understands that the market is in bear and even if he tries to Tweet, that will have bare effect on its price.
sr. member
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after buying twitter, Elon will probably make Doge even more famous on Twitter where the crypto community is more active there, I think Dogecoin as long as there is Elon will continue to survive this bear market even though it doesn't drop too far from other altcoins, I hold Dogecoin because i believe dogecoin will be worth over $1 in the future, just keep more now buy it under $0.1
sr. member
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This guy never feeling bored create so many sensations since he was billionaires and any of his tweet heavily affecting the market but he has said that so many times if he will be accepting doge coin but it never goes real. I will not even believe any words being said by this guy. I personally think that elon was a bad guy right now lol. I will not take him seriously.
sr. member
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The strategy won't work everytime even Elon Musk knows that but in future to reap more he has to showcase as someone who is involved in this field so the influence will remain exist for future for his own benefits only. About the memecoin it may grow but honestly its overvalued since 2020 cause even the creator itself no longer growing it, only the influencers are playing with Doge, Shib and shit more in their free time.
hero member
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But it seems that he is only for Doge, and if I remember it correctly, he used to accept bitcoin as payment for his project Tesla model cars but have a change of heart and then shift to Doge. So not surprised that he is promoting Doge again for his new cologne.

Maybe he find expensive to manipulate bitcoin that's why he find more cheaper coins which is not controlled by anyone and easily to be manipulate. For sure he needs more profit that's why he goes back promoting doge again.

For now will see some constant changes to the doge since I want to ride what Elon Musk doing at the moment. Also for new players of doge be careful not to hodl to much since whenever Musk start to manipulate for sure he is the one who will dump it once Doge price rise up for more.
legendary
Activity: 3080
Merit: 1353
He is not a crypto influencer for nothing. We have seen him jumping on board with BTC in 2020-2021 and it really push the price to new height and it really skyrocketed.

But it seems that he is only for Doge, and if I remember it correctly, he used to accept bitcoin as payment for his project Tesla model cars but have a change of heart and then shift to Doge. So not surprised that he is promoting Doge again for his new cologne.
full member
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Looks like Elon Musk is really back in the cryptocurrency market, because starting today he has been tweeting about Bitcoin and Doge,
this reminds me of when Elon Musk tweeted in 2021 and made the market bull,
if indeed the bull market started then of course this is a great opportunity to buy Shiba, Bitcoin and also Doge because Elon Musk supports these three coins.
copper member
Activity: 141
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Historically, DOGE price behavior has tracked sentiments in Musk’s tweets about the memecoin.

While largely positive, with some tweets sending the memecoin rocketing by 20% to 85%, other tweets have resulted in bearish price behavior.

In Feb. 2021, the price of DOGE fell 20% following Musk’s criticism that the memecoin was concentrated in the hands of a few followers.

Following the Burnt Hair announcement, DOGE is uncharacteristically down 0.4%, as even the billionaire’s bullish tweet could not rouse it from its bearish slumber. At press time the price is $0.06.

According to Be[In]Crypto’s recent DOGE technical analysis, the memecoin could see a bullish breakout within the week after initially falling to $0.051.

DOGE could see a more long-term rally following an update to its Core software later this year, and then again in March 2023.

(Source: Beincrypto)
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