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Topic: Elon musk is for crypto or just for attention to boost Tesla, SpaceX? (Read 8576 times)

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Does anyone have any thoughts on high anticipated X payments. He plans to integrate a payment method into X.com - he has been saying this for many years, but it seems he is closer to achieving this than ever before. What coin does everyone think he is likely to utilise for this?

Most out there I think look towards DOGE - however, - I am not so sure  Cool
Even though he named the whole depo in its name, I don't see this idea pushed into X at the end.
Let's see if I am wrong.
As I remember, some months are needed in order to see the final decision being made public.
sr. member
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True and whatever cryptocurrency he decides to choose from for his payment system on X that will drive it to unprecedented no heights.
Many are already saying that would be Doge. Even the mainstream media are mentioning about it's current rise and speculating this.
Naming the task force in government after this memecoin only brought it up to that it's total market cap is worth more than some companies such Sony.
Yep, when the idea of ​​​​connecting Dogecoin with X as payment method was being discussed, Elon's words may not have been very reliable, but the position from which he will speak now will definitely have a positive impact on the entire crypto world. I think he will accept Dogecoin as his payment method for X, besides, we have also seen pictures of Dogecoin on X for several days before. And if this coin is accepted as a payment method, then the price of this Dogecoin may skyrocket, which is not unusual. If Elon's words in 2021 are not based on anything, then every word he says can be implemented from 2024 onwards. A smart person like him will remain in the 1st or 2nd place of the top billionaires in the coming days.

https://www.coindesk.com/markets/2024/11/22/dogecoin-jumps-on-fresh-x-payments-speculations-after-elon-musk-tweet
legendary
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Tesla might crash along with Nissan. Nissan is crashing because of poor sales of EV's that it stuck with way to long. Tesla has other things backing it that may save it, but will at least make it last longer. Musk's ideas in favor of Crypto are there for him to make money until he can sell Tesla or turn it into something else.


What Killed Nissan?



https://www.ericpetersautos.com/2024/11/30/what-killed-nissan/
A piece in the Financial Times the other day quotes a source within the company who says "we have 12 or 14 months to survive." Nissan recently announced plans to lay off just shy of 7 percent of its global workforce – some 9,000 people – and that it will cut production capacity by 20 percent. There are rumors the company is in talks with Honda about the possibility of the latter buying a major stake in Nissan – but that seems unlikely for the same reason a healthy dog won't put a dead chicken around its own neck.

Hilariously – in the gallows humor sense – the fools over at Motor Authority say that a "partnership with Honda . . . will help Nissan expand its EV lineup." But expanding its EV lineup is the very last thing Nissan needs if it wants to avoid the fate of Studebaker, Pontiac and Plymouth.

It is because Nissan malinvested in the EVs it already has that it has "12 or 14 months to survive." It has been losing money on the Leaf – its first EV – since this device first came out back in 2010 and fifteen years is a long time to lose money "selling" a vehicle that cannot be sold for a profit – the same being true of every battery powered device that has been produced thus far. Including Tesla's devices – which do not sell for a profit. The devices are internally subsidized by Tesla, which makes money by selling carbon credits to other car companies that – effectively – have to buy them to appease the regulatory apparat. It is either that or malinvest in their own devices, which would cost them even more money than they lose buying "credits" from Tesla.

Tesla also makes money via the stock market. People buy Tesla stock because the regulatory apparat is effectively forcing (via the regulations) the production of  its devices, which stock buyers assume will lead to people buying them. And up to now, this grift has worked – for Tesla – because there were enough people willing to buy its devices. But that pool is drying up fast – because here are only so many people who can afford a $50k device – and so Tesla is now headed down the same road as Nissan.

Ordinarily, Nissan – like any car company free to heed the market – would have stopped selling the Leaf ten years ago, after it became clear the thing could not be "sold" except at a loss. It is why Pontiac stopped selling the Aztek after just five years. Too late, alas, for Pontiac.
...



Cool
sr. member
Activity: 386
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Does anyone have any thoughts on high anticipated X payments. He plans to integrate a payment method into X.com - he has been saying this for many years, but it seems he is closer to achieving this than ever before. What coin does everyone think he is likely to utilise for this?
hero member
Activity: 2212
Merit: 805
Top Crypto Casino
True and whatever cryptocurrency he decides to choose from for his payment system on X that will drive it to unprecedented no heights.
Many are already saying that would be Doge. Even the mainstream media are mentioning about it's current rise and speculating this.
Naming the task force in government after this memecoin only brought it up to that it's total market cap is worth more than some companies such Sony.
https://www.forbes.com/sites/digital-assets/2024/11/19/who-let-the-doge-out-why-is-a-dogecoin-at-a-55-billion-market-cap

Elon Musk is an intelligent man. Even though many have criticized some of his moves in the past, majority of his moves are net positive anyway. Even though he is in crypto to help his company, that's fine. Everyone have their motivations for joining the crypto bandwagon. As long as those intentions are genuine, looks good to me.

Doge will do well in the near future. Naming that department as DOGE will be a huge capitalist for DOGE upward price action once his office goes into full effect with the Donald Trump's new administration.
hero member
Activity: 714
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Elon is a smart man

I would say he is a smart bugler who is used to touch others for something new. All innovations related to Paypal, Tesla, Space X you name it  have been bought by him DYOR for the miserable price  from the true inventors  in fact he has robbed them.  I don't believe in his do-goodery relevant to crypto, Musk dubbed First Lady  Grin  is for money rather than for anything else.
legendary
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True and whatever cryptocurrency he decides to choose from for his payment system on X that will drive it to unprecedented no heights.
Many are already saying that would be Doge. Even the mainstream media are mentioning about it's current rise and speculating this.
Naming the task force in government after this memecoin only brought it up to that it's total market cap is worth more than some companies such Sony.
https://www.forbes.com/sites/digital-assets/2024/11/19/who-let-the-doge-out-why-is-a-dogecoin-at-a-55-billion-market-cap
full member
Activity: 490
Merit: 209
I understood everything about Musk from the moment he first appeared in public with Trump. Even an idiot can understand what benefits the billionaire was pursuing. In his place, I would have also rooted for the elderly grandfather who instantly made me tens of billions of dollars richer. I wouldn’t be surprised if Elon takes a high-ranking position in the government. I read about this somewhere. Trump promised him something, if I’m not mistaken. Do you have any information on this? I’d like to get acquainted with it.

Elon is a smart man and dor what ever supports he would given trump is for a benefit because for every support their is an actual benefit, it is clear so there is a clear meaning for the support and  it is true that Elon might be given a political appointment and my reasoning was that will Elon accept anything political because he looks like who is focused on his project space x that is one of his biggest projects and Elon wants to take over everything starting from the internet downward and the only thing Elon is not really into is agriculture, he as already taking over transportation sector with is Tesla Motors and the one that surprises me the most is why on earth will
Someone wants to build an hotel in mars to abandon earth in the future.

To me all this are not necessary why not fix earth rather than trying to go to mars this looks the what is happening in the movies were the rich are sidelined the poor and they move to a better place, and even recently Elon lunched bunch of Ai assistant, it might be helpful but as it's own implementation, people won't see that now and Elon is gradually getting what he wants and make everyone believes he loves bitcoin wereby everything is just business and trying to dominate all sectors.
legendary
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So now we all know where Elon was yesterday evening for his Thanksgiving this year and it was with the family of Donald Trump.
He is now seen as part of his very own family and toted as the president's newly adopted son (well he wish he had Cheesy).

Trump and Elon Musk dance to YMCA at Mar-a-Lago Thanksgiving dinner
https://www.youtube.com/watch?v=iNqilWH7Wr0
full member
Activity: 1053
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Elon tweeted a screenshot of joe rogan profile--


The $ sign has people speculating it has something to do with being able to send people money on tweeter and maybe even crypto. If this does include crypto it will surely lead to another big boost on market prices  Shocked
legendary
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Is there something going on between elon and xrp too?

Binance posted this-

The crypto world is on fire after rumors swirl of a potential partnership between Elon Musk and Ripple. With Musk’s visionary innovation and Ripple’s

https://www.binance.com/fr-AF/square/post/16449984745769

Doesnt really say much so i wonder why they would post that
Ripple too? I would imagine he is doing this partnership due to x-payments being thought out now that he is the official head of the D.O.G.E once Trump got elected into office which is very good for all of cryptocurrency as awhole.

It's all about strategy. And Elon Musk knows this. He played his cards right by investing in crypto and supporting President Trump. Now he's making more money than ever. We are the only foolish ones not to take advantage of Elon Musk's market manipulation. If we did, we would've been successful by now. Just follow his lead, and there should be nothing to worry about.

I'd do DCA on Dogecoin until prices rise back up again due to the hype. Afterwards, I'd sell to reap up the rewards. Rinse and repeat. I wonder what would be of Dogecoin once Elon Musk abandons it? One thing for sure, is that Bitcoin will always be the "King" of crypto. So altcoin lovers (especially ETH fanboys) better deal with it. With or without Elon Musk, crypto will be here to stay. Smiley
I understood everything about Musk from the moment he first appeared in public with Trump. Even an idiot can understand what benefits the billionaire was pursuing. In his place, I would have also rooted for the elderly grandfather who instantly made me tens of billions of dollars richer. I wouldn’t be surprised if Elon takes a high-ranking position in the government. I read about this somewhere. Trump promised him something, if I’m not mistaken. Do you have any information on this? I’d like to get acquainted with it.
Exactly!
Any fool can see what this has done to the cryptocurrency markets as everything is pumping.
Dogecoin is even at $0.425usd from $0.13 just before the pump.

For those who are still in denial are just being a nunance and should be banish with anything to do with this Trump pump if you ask me. Roll Eyes
hero member
Activity: 1176
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It's all about strategy. And Elon Musk knows this. He played his cards right by investing in crypto and supporting President Trump. Now he's making more money than ever. We are the only foolish ones not to take advantage of Elon Musk's market manipulation. If we did, we would've been successful by now. Just follow his lead, and there should be nothing to worry about.

I'd do DCA on Dogecoin until prices rise back up again due to the hype. Afterwards, I'd sell to reap up the rewards. Rinse and repeat. I wonder what would be of Dogecoin once Elon Musk abandons it? One thing for sure, is that Bitcoin will always be the "King" of crypto. So altcoin lovers (especially ETH fanboys) better deal with it. With or without Elon Musk, crypto will be here to stay. Smiley
I understood everything about Musk from the moment he first appeared in public with Trump. Even an idiot can understand what benefits the billionaire was pursuing. In his place, I would have also rooted for the elderly grandfather who instantly made me tens of billions of dollars richer. I wouldn’t be surprised if Elon takes a high-ranking position in the government. I read about this somewhere. Trump promised him something, if I’m not mistaken. Do you have any information on this? I’d like to get acquainted with it.
full member
Activity: 1053
Merit: 160
Is there something going on between elon and xrp too?

Binance posted this-

The crypto world is on fire after rumors swirl of a potential partnership between Elon Musk and Ripple. With Musk’s visionary innovation and Ripple’s

https://www.binance.com/fr-AF/square/post/16449984745769

Doesnt really say much so i wonder why they would post that
legendary
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Doge has gone up in price just as everything else has due to the recent crypto bull run we are currently in.
But Elon has been making waves with the D.O.G.E in the US government caused it to spike up faster than most just as XRP has due to the resignation of the head of the SEC announced during the week.
legendary
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www.Crypto.Games: Multiple coins, multiple games
And Musk also earned $21 billion in one day. That's why he was so ardent in his support for Trump. Only a complete idiot couldn't understand and see the basics. Everything is much simpler than it seems. Why does Musk need a place in the government when he already has so much power and money? To carry out illegal activities under the patronage of a president who is a criminal himself? Yes, I don't rule out such a development. It is highly likely that the States will face hard times with such leadership.

I would already start thinking about impeaching Trump. Put all criminal cases into the process and bring them to a logical conclusion. A criminal should not be at the head of the country.

It's all about strategy. And Elon Musk knows this. He played his cards right by investing in crypto and supporting President Trump. Now he's making more money than ever. We are the only foolish ones not to take advantage of Elon Musk's market manipulation. If we did, we would've been successful by now. Just follow his lead, and there should be nothing to worry about.

I'd do DCA on Dogecoin until prices rise back up again due to the hype. Afterwards, I'd sell to reap up the rewards. Rinse and repeat. I wonder what would be of Dogecoin once Elon Musk abandons it? One thing for sure, is that Bitcoin will always be the "King" of crypto. So altcoin lovers (especially ETH fanboys) better deal with it. With or without Elon Musk, crypto will be here to stay. Smiley
full member
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Trump won, so there's a high chance Elon Musk will be nominated for a government position. There are rumors Trump will put Elon Musk in-charge of the Department of Energy. Others said the Department of Transportation would suit Elon Musk better. The D.O.G.E. (Department of Government Efficiency) will happen whenever we like it or not. I'm sure Elon Musk's bags will be filled with money soon. Dogecoin will probably surge in price, albeit for a short period of time. Bitcoin, on the other hand, will experience solid gains in the years ahead because of the upcoming pro-crypto Trump administration.

The thing now is that is Elon really concerned about politics the only thing he will be more concerned about is his project because the man looks more focus on making is dream come true and their have been a lot of dreams and he is already bringing them one after the other to reality and one of his biggest dreams is to have an hotel in mars . And if you look at it if he eventually gets a appointment to be in charge of transportation of what use will it be for Elon I don't think their will be any use, and the doge that Elon have in is possessions will make him richer and Elon wants to be part of everything this is somthing that I have notice with him he has taking it seriously to touch every aspect.

Quote
There's no way Elon Musk will ditch crypto. At least, not for now. We all know he's into this to get a lot of attention. And guess what? It seems that his strategy is working. What I really want to see is if Elon Musk will keep up with his promise of integrating Dogecoin into X (formerly known as Twitter) for payments. Time will tell us if this will become a reality or simply a "pipe dream". Just keep buy, "hodl", and forget about the rest. Smiley

Don't be surprise that he might also have bitcoin but you never can be sure because Elon is a business man and all he thinks about is how to expand is business in every sector their are just few sectors that his not really touch and his more focus on space X and as far Elon is their their is nothing different when he wants the price to go up it is something that he can do by just making a possitive comment about the coin and that is all that is needed and you see it will be on high demand.
hero member
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I just finished reading about this and I can say I am a bit surprised that the name was abbreviated as DOGE. Maybe this was Elon Musk plan too. Grin Could also be the reason for Doge's sudden upward market.
But back to the subject since we are not in Altcoin Discussions.

Quote
Despite its name, DOGE is not intended to function as a federal executive department, the creation of which would require the approval of the U.S. Congress. Instead, it will serve as an advisory body aiming to streamline the U.S. federal government and reduce inefficiency.

Musk has suggested that the commission could help to cut the U.S. federal budget by up to US$2 trillion through measures such as reducing waste, abolishing redundant agencies, and downsizing the federal workforce. Ramaswamy also stated that DOGE may eliminate entire federal agencies and reduce the number of federal employees by as much as 75%.[1][2] Musk has also proposed consolidating the number of federal agencies from more than 400 to fewer than 100.[3]
https://en.wikipedia.org/wiki/Department_of_Government_Efficiency

Trump also said it will be a department that could "dismantle government bureaucracy" and more. I think those two will be targeting the budgets and other financial of every government agency and they will probably have more haters on the officials there. It's a big job, I just hope they can survive it and be brave enough to cut those budgets if needed be.
full member
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Yea, saw this before when some 'random' user had tweeted the full form of DOGE and elon replied to it.
Insane that they are actually gonna establish such a department,

People are already throwing shade saying a Department of Efficiency with 2 Heads is not actually Efficient  Grin Grin
legendary
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legendary
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True both @Sonia_123 & @fruktik
Elon Musk's net worth has raise by quite abit post U.S Election and is now $300 billion due to backing the right person to become president.
https://www.forbes.com/sites/dereksaul/2024/11/08/tesla-hits-1-trillion-market-cap-musk-becomes-300-billion-man-after-trump-win

His Tesla electric car corporation is now a trillion dollar company according to this article:
https://www.barrons.com/articles/tesla-stock-trump-election-711f7237
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