Elon musk is for crypto or just for attention to boost Tesla, SpaceX? - page 28.

rdbase

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Quote from: finaleshot2016 on May 11, 2021, 12:13:43 AM

To be honest, I'm not against him; in fact, I admire how, through his shilling system, he is supporting others in pumping this doge or bitcoin. Those who have remained trapped at ATH disagree, claiming that he is simply playing with the market which is their fault in the first place for not having good entries or positions. Everyone has an agenda; his initial goal was doge; people believed in and invested in doge in the hopes of profiting from the promotion he'd been doing for the past few months. Now that his plan has been revealed, this is it; SpaceX accepts Dogecoin as payment to launch ‘DOGE-1 mission to the Moon’ next year

IMO, He's not doing it for Tesla or SpaceX because those businesses have already accomplished great things without cryptocurrency. Elon Musk is doing this to aid cryptocurrency's massive adoption around the world by initiating this type of operation.

Having seen this announcement one day after the show and the price tanked by 25% back down to $0.42 from when it was $0.69 prior to the "It's a hustle!" debacle, this news actually drove it up on hope for this coin back up to $0.60.
Then you have this news about spacex sending it to the moon. Cheesy

Also today there was a twitter post by yours truly asking if his company should start accepting doge for a car. Shocked

That made it jump nearer to it's all-time high once more.
I find it all meme worthy and just sit back, relax and enjoy the movie to see how it ends! Grin

acener

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For me Elon is just the same as McAfee and probably would end up like him in crypto space.
Now I see some meme post about people lose something because of following him.
If doge wouldn't recover then I guess Musk would really lose it and would really become like McAfee on crypto.
People would start to lose interest and trust on him then after that every tweet/post or comment that he would say would also be a big thing in here.

finaleshot2016

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To be honest, I'm not against him; in fact, I admire how, through his shilling system, he is supporting others in pumping this doge or bitcoin. Those who have remained trapped at ATH disagree, claiming that he is simply playing with the market which is their fault in the first place for not having good entries or positions. Everyone has an agenda; his initial goal was doge; people believed in and invested in doge in the hopes of profiting from the promotion he'd been doing for the past few months. Now that his plan has been revealed, this is it; SpaceX accepts Dogecoin as payment to launch ‘DOGE-1 mission to the Moon’ next year

IMO, He's not doing it for Tesla or SpaceX because those businesses have already accomplished great things without cryptocurrency. Elon Musk is doing this to aid cryptocurrency's massive adoption around the world by initiating this type of operation.

elisabetheva

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Quote from: Igebotz on May 10, 2021, 01:13:28 AM

From Elon musk previous tweets he sees cryptocurrency as gambling and not as money for the future hence I don't think he would be in it for a long run, he is trying to accumulate as much as he can, make a profit and bow out.

I think what you say could be true, but possibly wrong. because the character of the leadership of a large company is that if possible, turning the money into investment is something that must be done. so he could see compared to investments in foreign exchange and see bitcoin as more profitable, of course he could choose bitcoin.

he has also provided an opportunity for all who want to buy Tesla to use bitcoin, of course this is a clever thought to do, because he doesn't have to be difficult to find bitcoins from brokers who clearly need more funds. but by providing direct opportunities with payments using bitcoin there are benefits that must be paid when you have to buy.

so I am confident that he will hold on to it when indeed the price of bitcoin remains profitable. naturally when it is profitable it will be released and wait again when the price corrects to buy again.

deepblue01

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Quote from: Igebotz on May 10, 2021, 01:13:28 AM

Quote from: jahepahit on May 09, 2021, 05:53:19 PM

its a win win situation for doge and tesla. but the main point is to get the crypto community into his company side and products. so he is using the crypto to boost his company. which i think it isint bad. in one way is part of adoption which is what everyone wants.

From Elon musk previous tweets he sees cryptocurrency as gambling and not as money for the future hence I don't think he would be in it for a long run, he is trying to accumulate as much as he can, make a profit and bow out.

Which tweet that he say "cryptocurrency as gambling and not as money for the future"
I follow elon musk too. He did not say anything like that.
He just say

Quote

Cryptocurrency is promosing, but please invest with caution!
https://twitter.com/elonmusk/status/1390522866979033092

bitterguy28

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Quote from: rdbase on May 07, 2021, 04:40:39 PM

Watching the lately spot about Musk appearing on live tv this weekend for showing what all the hype is about and if he will actually have a mention of his favorite cryptocurrency doge, it seems the media are jumping all over this appearance.
https://www.youtube.com/watch?v=nWWzszskgmA

What are your thoughts about this North American appearance and what do you think he will do or say about doge or even bitcoin?
I think since Miley Cyrus is the musical guest he will have her dress up as a dog and call her doge. Cheesy

She likes cats and had dressed up as them on stage during her concerts, so you never know what these two crazy people will do on this episode.

It is for attention to boost tesla more than being really for crypto, That was His main business but of course He loves earning on both .

So Main objective is for popularization and then the income from crypto.

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Quote from: jahepahit on May 09, 2021, 05:53:19 PM

its a win win situation for doge and tesla. but the main point is to get the crypto community into his company side and products. so he is using the crypto to boost his company. which i think it isint bad. in one way is part of adoption which is what everyone wants.

Right, and also I don't think that we have to be cynical about the genuine interest of Elon towards crypto just to boost his companies name, remember that Tesla and Spacex is a name before Elon took an interest to cryptocurrency.

Igebotz

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Quote from: jahepahit on May 09, 2021, 05:53:19 PM

its a win win situation for doge and tesla. but the main point is to get the crypto community into his company side and products. so he is using the crypto to boost his company. which i think it isint bad. in one way is part of adoption which is what everyone wants.

From Elon musk previous tweets he sees cryptocurrency as gambling and not as money for the future hence I don't think he would be in it for a long run, he is trying to accumulate as much as he can, make a profit and bow out.

jahepahit

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its a win win situation for doge and tesla. but the main point is to get the crypto community into his company side and products. so he is using the crypto to boost his company. which i think it isint bad. in one way is part of adoption which is what everyone wants.

Hughes_Ryan

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Quote from: decodx on May 07, 2021, 04:48:57 PM

Elon Musk is a cult figure for some of the smartest people on the planet. So what he's doing with the Dogecoin baffles me.
I mean, they say the Internet doesn't recognize any form of hierarchy, but I think Musk has delusions of god-like grandeur.

Elon is a public figure, he has millions of fans from all over the world. He has a knack for finance, which is the fun created by Doge. I admire him more than Miley Cyrus from "SNL". His powers saved the lives of countless unemployed people from Doge. Without delusion, he does many things to help others and for his own benefit.

Oilacris

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Quote from: virtualdn on May 09, 2021, 02:06:52 PM

Quote from: Dilerium90 on May 09, 2021, 02:04:42 PM

The most interesting thing is that Dogecoin has no reason for growth, except for the manipulation from Elon Musk. Dodgecoin does not contain any technology. This is exclusively a game of roulette, where Elon Musk will win, and most people will lose their funds. I assure you.

Now he posted that a cargo will be sent to the Moon and the payment was made with Doge. Big deal. You could pay it with Litecoin as well. The manipulation schemes go on to pump the price.

I sold all my Dogecoins to BTC and I'm out of this bad movie, my time is too valuable to waste it on this joke.

Already secured out my profit when it hits 0.7 since ive been shortening this coin and i dont tend to held it up for long term which is obviously that this one is really going with the hype.

For some people who do just trust up these current events or trend then its up to their choice but be sure on not to forget those risk management that you do have.

Dont let yourself get dragged with FOMO or else you would really be holding just like forever.We dont know on whats the true motive of ELon, thing here is that you do know
on when to get out.

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Quote from: LittleBitFunny on May 09, 2021, 01:56:08 PM

Dogecoin is a perfect example of a manipulated market. The coin has skyrocketed under the influence of just a few tweets, which have no fundamental support. Investors and traders who have no basic knowledge are the only ones who have participated in this manipulated pump. This is totally social media influence and I don't believe such types of pumping signal. Maybe he is attention seeker or trying to show how to regulate/manipulate crypto market.

I have heard several times about doge manipulation just because of this tweet from Elon Musk, of course this is a big influence not only on investors who don't know the basics but there are lots of whales inside who keep doing this, so even novice investors will go in there to buy. because the pumps are so high every day but aren't you tempted to see the doge at such a high pump? Or do you just see it?
Doge does not have basic support but many people like him to the point that it is $ 0.5 from the lowest price so all of that will focus on the doge especially influenced by Elon Musk's social media.

virtualdn

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Quote from: Dilerium90 on May 09, 2021, 02:04:42 PM

The most interesting thing is that Dogecoin has no reason for growth, except for the manipulation from Elon Musk. Dodgecoin does not contain any technology. This is exclusively a game of roulette, where Elon Musk will win, and most people will lose their funds. I assure you.

Now he posted that a cargo will be sent to the Moon and the payment was made with Doge. Big deal. You could pay it with Litecoin as well. The manipulation schemes go on to pump the price.

I sold all my Dogecoins to BTC and I'm out of this bad movie, my time is too valuable to waste it on this joke.

Dilerium90

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The most interesting thing is that Dogecoin has no reason for growth, except for the manipulation from Elon Musk. Dodgecoin does not contain any technology. This is exclusively a game of roulette, where Elon Musk will win, and most people will lose their funds. I assure you.

virtualdn

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I wouldn't trust my finances too much when you have to deal with a narcissistic manipulator person. He admitted himself he is a narcissist (but a useful one lol whatever that means) so what else do you expect. Be cautious, don't be a blind sheep.

LittleBitFunny

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Dogecoin is a perfect example of a manipulated market. The coin has skyrocketed under the influence of just a few tweets, which have no fundamental support. Investors and traders who have no basic knowledge are the only ones who have participated in this manipulated pump. This is totally social media influence and I don't believe such types of pumping signal. Maybe he is attention seeker or trying to show how to regulate/manipulate crypto market.

SaShiRaJaVu

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Quote from: Anonylz on May 09, 2021, 07:09:47 AM

Elon did came into crypto at the time when btc was making headlines, many institutions have taken note of btc and already invested, Elon is a business man, he must have taken note of this and liked what he saw, besides, as a popular figure, announcing to the public Tesla invested 1.5 billion on btc was definitely a smart moves to draw more attention to him and his business, so I think the whole Elon involvement is mostly to draw attention.

Elon Musk is not actively investing when he was asked about the cryptocurrency market a few years ago and then he started an obsession to start tweeting about Dogecoin and that is where he started the cult that pumped Doge whenever he tweeted about the coin and he is much popular well before announcing about his company investing in Bitcoin as some of his tweets about his company made huge changes in the stock market in both the directions.

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Quote from: cabron on May 07, 2021, 09:18:55 PM

Miley Cyrus wearing Doge, its funny but its also going to be a massive promotion to the youth.

Though I'm starting to look at him as the next John Macafee, this is still a big promotion for Doge. The Doge millionaire guy actually believes that Dogecoin will be a household name after this Elon announcement on SNL. Nothing to lose for Elon, he is going to win a lot of money from this.

Elon enforced his terrorist policies against Doge that originated from his SNL night. Surely, those who follow the hype have recognized the big lesson for themselves and I don't think they'll continue to be puppets on this "ridiculous" hype. I think Elon continued to generate attention from Tweet until Tesla's stock changed and turned to sparkle.

Igebotz

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Elon will let go of the doge at $1

Elon musk is not 100% into crypto, he is playing the crypto gambling game with his huge Twitter audience.

Bought doge at the lowest price.
Tweet about it and pump it to the moon
People buy at the highest price
He sells and dumps everyone in it
Invest more on Tesla

there would be a massive dump once doge 🐕 hit $1 from Elon and his elites who owns about 50% of doge tokens

Elon is about to triple his fortunes, do not hodl dogecoin for long

rdbase

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Interesting on how while it aired the value continued to plummet.
So I don't think those who invested liked what they heard.
https://www.theverge.com/2021/5/9/22427006/dogecoin-crashing-elon-musk-snl-host

They were thinking he was going to promote it just by saying it but it backfired by making it as a side joke with his mother saying "Not dogecoin" and as a shady asset as the desk reporter.

Here is a youtuber who documented it during the broadcast of the live show while it happened with the price ticker watch.
https://youtu.be/3poA0gjk-C8
And then the after math:
https://www.youtube.com/watch?v=X3Luv4BDyBY

What are your thoughts of what you saw and your opinion of what will happen to doge now.

Topic: Elon musk is for crypto or just for attention to boost Tesla, SpaceX? - page 28. (Read 8882 times)