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Topic: Elon Musk once again throwing shade at bitcoin (Read 635 times)

full member
Activity: 2268
Merit: 121
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January 03, 2022, 11:15:05 PM
#86
If Elon Musk is betting that Dogecoin has some relevance and even some major potential, then it is not much of a surprise that he has been interested in investing in it. What's so bad about that? It's his opinion, after all, and he's certainly not someone that's just gonna blindly follow what anyone else says, right?
but what is said is sometimes confusing and this is the hallmark of the entrepreneur and the trader who is one in him. but the intention that has always been with him is that he can definitely influence people to what he does is acceptable and he gets what he wants, profit.

whatever is done to the doge is clearly an intention whose purpose is to make profit and he can't be blamed if he want to bet on doge as long as it will produce what you want to achieve, and that's perfectly legal anyone can do it especially Elonmusk's class who has followers that can be influenced.
legendary
Activity: 2394
Merit: 1848
Leading Crypto Sports Betting & Casino Platform
I think that Elon Musk's effect on the BTC market is irrelevant, it is like the FUD that China does to BTC, these are arguments that are not accepted, Elon Musk is very focused on his space travel and everything that has to do with giving him food to the poorest in the world, which is not bad at all, but since it turned its back on BTC and produced a large FUD it is not very well seen at least by those of us who strongly believe in the projection that BTC carries, He can say what he wants, he will only influence the most ignorant with his fud.
hero member
Activity: 1428
Merit: 931
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If Elon Musk is betting that Dogecoin has some relevance and even some major potential, then it is not much of a surprise that he has been interested in investing in it. What's so bad about that? It's his opinion, after all, and he's certainly not someone that's just gonna blindly follow what anyone else says, right?
legendary
Activity: 2800
Merit: 1128
Leading Crypto Sports Betting & Casino Platform
Once again Elon Musk is in the news in relation to bitcoin/cryptocurrency and once again he’s proving he’s full of shit. Personally I can’t figure out if he’s just that ignorant when it comes to cryptocurrency, because he has said a whole lot of stupid stuff in relation to it, or if it’s just manipulation, which we all know he’s very good at. Overall I think it’s a mix. I believe he likes the Proof of Stake aspect being that it gives the largest wallets an advantage. Which is exactly what he’s arguing against here..oh the irony.
Well, I guess he just likes Dogecoin a lot from what I have been seeing, because he’s always talking good about Dogecoin. Although I also know that is one of the strategies for him to pump, but right now I think that the pump for dogecoin is over and it won’t be going up again for now. Moreover a lot of the meme coins fans have shifted to SHIB, and even SHIB right now is bearish in price.

Elon was a big fan of bitcoin at the beginning, but later complained about how bitcoin is being mined, which I think is the reason why he switched to dogecoin, because he believes that it is better, and he has also claimed quite a few times that he plans to work with devs and improve the platform of Doge. Anyways, it’s not like what he says really matters to me at all.
hero member
Activity: 2926
Merit: 636
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What are your thoughts?
I have no idea about what he says, always tweets on his media. Btw, even I don't care about what he tweets, in fact, his says always give big influence to the crypto world, moreover to the crypto such as Bitcoin or Doge that have been stated.
So far, we know the power of Elon Mus. It may not influence the crypto enthusiasts, but this will always give influences to the world, to what probably investors will put their money.
He may see this as a chance to pump or dump  the price again, not too high expectation but enough to give such certain influence to the price.
He is good at his words, he makes a twist and it attracts listeners but for us who know more about crypto and him, that is very unlikely. He wins before and brought us attention to think that he has in good faith towards crypto, towards Bitcoin but what he did is to shill Doge and ruin Bitcoin. That is not the thing he was supposed to do, however, it was done and that is reason to know what is the reason for his participation. We all have learned that Elon Musk has nothing to do with Bitcoin but just for Dogecoin only, a father of meme coin.
sr. member
Activity: 826
Merit: 263
What are your thoughts?
I have no idea about what he says, always tweets on his media. Btw, even I don't care about what he tweets, in fact, his says always give big influence to the crypto world, moreover to the crypto such as Bitcoin or Doge that have been stated.
So far, we know the power of Elon Mus. It may not influence the crypto enthusiasts, but this will always give influences to the world, to what probably investors will put their money.
He may see this as a chance to pump or dump  the price again, not too high expectation but enough to give such certain influence to the price.
legendary
Activity: 3080
Merit: 1292
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Sure, dogecoin is ass, but at least it's useable at scale without some...*bites tongue.  Elon doesn't give a shit what developers or maximalists think...  Bitcoin has lost it's way.  It's obvious to anyone who is impartial.  The hilarious (it's more digestible to laugh then cry) thing is how a decentralized p2p currency became a store of value and those in control can't seem to figure out why there's suddenly a trillion dollar altcoin market... 

Elon is right.  About all his criticisms of Bitcoin.  He's also using Bitcoin as intended by it's current developers, as a store of value.  Don't be mad at him.  He's saying and doing exactly what a rational person would say and do when faced with the reality of what Bitcoin is and how it's being marketed to the masses.

Right, Doge father is spreading shade at Bitcoin but he doesn't say anything about his shitcoin, Lol..  Cheesy

people who invested in Dogecoin for Elon influence are now they are beggars of the path,
I don't know how can he give any statement about Bitcoin instead of giving news about Dogecoin, is he shameless or something?
This influencer should be socially boycotted. They are playing with the faith of the people and scammed huge money.
His misdeeds have created a lot of negative perceptions in people's minds about cryptocurrency.
I guess Elon, being a big influencer, brings a lot of confusion and hope to those who are believing in him. But for those who know Elon already, they are just being quiet and just keep on ignoring Elon as he can't do anything to manipulate the market now.

If he is making this tweet for Dogecoin, his tweets are definitely not effective anymore. His followers are already overcome by his haters so probably, Elon may still continue to create FUDs but people are already smart enough not to believe and follow him.
full member
Activity: 1302
Merit: 128
Vaccinized.. immunity level is full.
Sure, dogecoin is ass, but at least it's useable at scale without some...*bites tongue.  Elon doesn't give a shit what developers or maximalists think...  Bitcoin has lost it's way.  It's obvious to anyone who is impartial.  The hilarious (it's more digestible to laugh then cry) thing is how a decentralized p2p currency became a store of value and those in control can't seem to figure out why there's suddenly a trillion dollar altcoin market... 

Elon is right.  About all his criticisms of Bitcoin.  He's also using Bitcoin as intended by it's current developers, as a store of value.  Don't be mad at him.  He's saying and doing exactly what a rational person would say and do when faced with the reality of what Bitcoin is and how it's being marketed to the masses.

Right, Doge father is spreading shade at Bitcoin but he doesn't say anything about his shitcoin, Lol..  Cheesy

people who invested in Dogecoin for Elon influence are now they are beggars of the path,
I don't know how can he give any statement about Bitcoin instead of giving news about Dogecoin, is he shameless or something?
This influencer should be socially boycotted. They are playing with the faith of the people and scammed huge money.
His misdeeds have created a lot of negative perceptions in people's minds about cryptocurrency.
donator
Activity: 4732
Merit: 4240
Leading Crypto Sports Betting & Casino Platform
Sure, dogecoin is ass, but at least it's useable at scale without some...*bites tongue.  Elon doesn't give a shit what developers or maximalists think...  Bitcoin has lost it's way.  It's obvious to anyone who is impartial.  The hilarious (it's more digestible to laugh then cry) thing is how a decentralized p2p currency became a store of value and those in control can't seem to figure out why there's suddenly a trillion dollar altcoin market... 

Elon is right.  About all his criticisms of Bitcoin.  He's also using Bitcoin as intended by it's current developers, as a store of value.  Don't be mad at him.  He's saying and doing exactly what a rational person would say and do when faced with the reality of what Bitcoin is and how it's being marketed to the masses.
legendary
Activity: 2646
Merit: 1176
Once again Elon Musk is in the news in relation to bitcoin/cryptocurrency and once again he’s proving he’s full of shit. Personally I can’t figure out if he’s just that ignorant when it comes to cryptocurrency, because he has said a whole lot of stupid stuff in relation to it, or if it’s just manipulation, which we all know he’s very good at. Overall I think it’s a mix. I believe he likes the Proof of Stake aspect being that it gives the largest wallets an advantage. Which is exactly what he’s arguing against here..oh the irony.

What are your thoughts?

Think you know Elon? Maybe not as much as you think .. https://youtu.be/c-FGwDDc-s8

I'm no fan of Elon, but just because he talks up Dogecoin does not mean he is disparaging Bitcoin. He is free to choose whatever cryptocurrency he prefers and in reality Dogecoin does have a much more prosperous future. I doubt even Satoshi would want the world to be stuck in the "Bitcoin is the only way" mentality that some people around here seem to believe. Decentralized currency is a very powerful thing, but the first iterations of anything are usually full or flaws and weaknesses. Bitcoin has held up fairly well and that is great for modelling the concept, but there are still many ways it can be improved - which may be taken up by others. 21 million coins is a rather huge limitation when it comes to global commerce, no matter how many decimal places you might have.
hero member
Activity: 3010
Merit: 604
Those crypto users who only relies on his tweet should think by now if they’re gaining profit whenever they follow him or not. He have many followers due to his inventions and projects that may attract them to enter crypto.  There are more new crypto users each day and some of them maybe where got only into crypto because they read his tweet and follow him. It can be considered charge to experience as these users who just joined by his influence will strive harder to learn crypto more when their investment dump since they will eant to recover their losses. It’s his way to attract more users with his own benefits.
some new users did take advantage of Elon Musk's tweets and hoped DOGE would go up thousands of percent. But the fact is that currently all altcoins are bearish and this is due to the unstable price of bitcoin.
some people also take advantage of elonmusk's status about DOGE to get a lot of advantages. Elon is indeed very influential because he has many followers. Elon holds strong Fundamentals for DOGE and other coins mentioned in his tweet.
I agree that Elon is definitely a great influencer of all time. But it cannot change the fact that a lot of his old followers are now taking another path and stops to follow his tweets because they realized that Elon is only here for his own desires of profits and not to really help new investors. So even if he plans to hype Dogecoin again, its value will never be the same again, it may skyrocket but not that high anymore. And dogecoin will never beat bitcoin in the long run, as a joke coin will never replace a dominant coin.
legendary
Activity: 2044
Merit: 1018
Crazy investors invest with doge for long term and for sure they will cry later on once Elon mus abandon this coin in future, we already know him as grand manipulator so its crazy for people to play on fire what Elon set. That's why its good not to listen on his manipulation technique's since we already know how strong bitcoin is even without his presence.
Elon won't abandon Dogecoin soon because his power is still big. When he realizes that there are more big investors come to Dogecoin and his power is smaller, he might reduce his shill and tweet about Dogecoin. Nevertheless, I don't think Elon will completely abandon Dogecoin if he still has investment in crypto.

It is magic of attraction in crypto market. When you love a coin and it brings huge profit to your portfolio, sooner or later you will buy it back. Dogecoin has good survival and it is another plus point that Elon will not leave it. I think using the term abandon is not accurate because Elon does not involve in any development of Dogecoin project.
hero member
Activity: 2632
Merit: 787
Jack of all trades 💯
Another attempt to hype DOGE again, sorry but it's not happening anymore, DOGE price trend is going down and there's no way Elon Musk could save Doge downtrend even if he hypes it regularly. Bitcoin ===> DOGE, that's a fact and any coin cannot stand against bitcoin in terms of competition.
Slowly DOGE has no power. this is not the time, Elon Musk might just give a statement about DOGE without thinking about the impact for DOGE. the downtrend will continue.
Elon Musk tweet will increase DOGE instantly, but will return to the original price.
Bitcoin is still unstable and other altcoins will be disrupted too.

Since Dogecoin reached ATH 8 months ago, the price of Dogecoin has been steadily falling, even now the price of Dogecoin has fallen 76%
from the ATH price. So whatever Elon Musk says on twitter about Dogecoin, it's unlikely to make Dogecoin go up again to the ATH price.
Because many people have realized, the increase in Dogecoin is indeed due to manipulation by Elon Musk. Even Dogecoin prices can drop
even lower if Bitcoin prices are still unstable, so Dogecoin is not the right choice for investment. Maybe only newbies who have no knowledge of
the crypto world and Elon Musk followers will buy Dogecoin right now.
If you aim for profits, then you should not invest in Dogecoin in the first place. Because a coin without real purpose will never be profitable and will only end up being undervalued or being a dead coin. And i think even newbies nowadays have become smarter already that they always choose bitcoin and strong altcoins over those new and weak projects. So Elon could never make it again if he wished to hyped Dogecoin in the second time around because its value is already experiencing a downfall.

Crazy investors invest with doge for long term and for sure they will cry later on once Elon mus abandon this coin in future, we already know him as grand manipulator so its crazy for people to play on fire what Elon set. That's why its good not to listen on his manipulation technique's since we already know how strong bitcoin is even without his presence.
hero member
Activity: 2814
Merit: 576
Another attempt to hype DOGE again, sorry but it's not happening anymore, DOGE price trend is going down and there's no way Elon Musk could save Doge downtrend even if he hypes it regularly. Bitcoin ===> DOGE, that's a fact and any coin cannot stand against bitcoin in terms of competition.
Slowly DOGE has no power. this is not the time, Elon Musk might just give a statement about DOGE without thinking about the impact for DOGE. the downtrend will continue.
Elon Musk tweet will increase DOGE instantly, but will return to the original price.
Bitcoin is still unstable and other altcoins will be disrupted too.

Since Dogecoin reached ATH 8 months ago, the price of Dogecoin has been steadily falling, even now the price of Dogecoin has fallen 76%
from the ATH price. So whatever Elon Musk says on twitter about Dogecoin, it's unlikely to make Dogecoin go up again to the ATH price.
Because many people have realized, the increase in Dogecoin is indeed due to manipulation by Elon Musk. Even Dogecoin prices can drop
even lower if Bitcoin prices are still unstable, so Dogecoin is not the right choice for investment. Maybe only newbies who have no knowledge of
the crypto world and Elon Musk followers will buy Dogecoin right now.
If you aim for profits, then you should not invest in Dogecoin in the first place. Because a coin without real purpose will never be profitable and will only end up being undervalued or being a dead coin. And i think even newbies nowadays have become smarter already that they always choose bitcoin and strong altcoins over those new and weak projects. So Elon could never make it again if he wished to hyped Dogecoin in the second time around because its value is already experiencing a downfall.
sr. member
Activity: 1876
Merit: 318
Another attempt to hype DOGE again, sorry but it's not happening anymore, DOGE price trend is going down and there's no way Elon Musk could save Doge downtrend even if he hypes it regularly. Bitcoin ===> DOGE, that's a fact and any coin cannot stand against bitcoin in terms of competition.
Slowly DOGE has no power. this is not the time, Elon Musk might just give a statement about DOGE without thinking about the impact for DOGE. the downtrend will continue.
Elon Musk tweet will increase DOGE instantly, but will return to the original price.
Bitcoin is still unstable and other altcoins will be disrupted too.

Since Dogecoin reached ATH 8 months ago, the price of Dogecoin has been steadily falling, even now the price of Dogecoin has fallen 76%
from the ATH price. So whatever Elon Musk says on twitter about Dogecoin, it's unlikely to make Dogecoin go up again to the ATH price.
Because many people have realized, the increase in Dogecoin is indeed due to manipulation by Elon Musk. Even Dogecoin prices can drop
even lower if Bitcoin prices are still unstable, so Dogecoin is not the right choice for investment. Maybe only newbies who have no knowledge of
the crypto world and Elon Musk followers will buy Dogecoin right now.
legendary
Activity: 2310
Merit: 1076
zknodes.org
Those crypto users who only relies on his tweet should think by now if they’re gaining profit whenever they follow him or not. He have many followers due to his inventions and projects that may attract them to enter crypto.  There are more new crypto users each day and some of them maybe where got only into crypto because they read his tweet and follow him. It can be considered charge to experience as these users who just joined by his influence will strive harder to learn crypto more when their investment dump since they will eant to recover their losses. It’s his way to attract more users with his own benefits.
some new users did take advantage of Elon Musk's tweets and hoped DOGE would go up thousands of percent. But the fact is that currently all altcoins are bearish and this is due to the unstable price of bitcoin.
some people also take advantage of elonmusk's status about DOGE to get a lot of advantages. Elon is indeed very influential because he has many followers. Elon holds strong Fundamentals for DOGE and other coins mentioned in his tweet.
member
Activity: 966
Merit: 14
Tontogether | Save Smart & Win Big
Well, it is his business what he says. I think he is just tryna promote doge coin the best possible way he can, and it seems not to be working for him at the moment with dogecoin. Maybe a lot of persons are not really seeing the use of buying that token.
legendary
Activity: 2520
Merit: 1721
MrStork Exchange Service
Another attempt to hype DOGE again, sorry but it's not happening anymore, DOGE price trend is going down and there's no way Elon Musk could save Doge downtrend even if he hypes it regularly. Bitcoin ===> DOGE, that's a fact and any coin cannot stand against bitcoin in terms of competition.
Slowly DOGE has no power. this is not the time, Elon Musk might just give a statement about DOGE without thinking about the impact for DOGE. the downtrend will continue.
Elon Musk tweet will increase DOGE instantly, but will return to the original price.
Bitcoin is still unstable and other altcoins will be disrupted too.
legendary
Activity: 1456
Merit: 5874
light_warrior ... 🕯️
Elon again..
Yeah, I thought about the same ... so if you want, choose any answer from this list.  Tongue

[1] It's because ... [Elon Musk has nothing to blame other than his frivolous behavior on Twitter].
[2] Is Elon fired yet? [I can't wait for the board of directors to show Elon his place, indicating how easy it is to remove him from the CEO position].
[3] Musk faces a lawsuit based on Twitter manipulation [Elon Musk can afford to write another 10к tweets within his budget].

Considering how fast he is expanding his Twitter audience, I'm pretty sure he doesn't care about penalties, (not to mention the fact that penalties against him are unlikely for political reasons). It is likely that a t'marketing agency is behind Elon's account, whose actions simply save billions of dollars in marketing dollars, (organic reach rules) ... or have you forgotten how Musk sent the car into space?
legendary
Activity: 1876
Merit: 1157
Elon again..

Ok, that tweet was from Jack, who is staunchly Pro-bitcoin (even bitcoin maximalist) about ETH being centralized and under the influence of VCs.

In comes this Doge clown with his claims about Doge being special and decentralized (which it clearly isn't based on the richlist).

Now that Doge was mentioned, Elon had to have his fun by trying the pump and getting his tiktok army excited and hopeful again. That one tweet is enough to revive the sagging morale and make another few of them buy and pump it, Which the smart ones will again dump to cash in on Musk's idiosyncracy as long as they can.

Everyone in Bitcoin goes through this phase about resenting the so-called nouveau rich of Bitcoin. Elon is clearly going through that same phase where he thinks that he should have been the one to re-define internet's currency after Paypal. This didn't happen so his Bitcoin prejudice is pretty much just an unfulfilled desire.
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