Elon Musk please stop messing up the crypto market - page 5.

virasog

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Quote from: virtualdn on April 17, 2021, 03:40:40 AM

Am I the only one who finds his tweets and market manipulation annoying?

A lot of newbies falling into the trap unfortunately. BTC is strong and won't be affected too much but Dogecoin is just increasing its pump and dump reputation. Sad.

Isn't it is the responsibility of the newbies traders and investors who first gain the knowledge and then invest in the right coins. Even if the Elon Musk stop doing tweets about dogecoin, there are many other famous persons including youtubers who will shil their coins and get you trapped in shitcoins.
Better get the knowledge and stay strong, so such tweets won't make you buy the shit coins.

Tytanowy Janusz

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Quote from: Bilgent on May 08, 2021, 03:54:56 AM

I don't know, man. I haven't even known much about Dogecoin until Elon Musk started tweeting about it very much. And the price started to increase so much that made me think like it can't do without this manipulation. We will see what will happen if he stops supporting it. If it doesn't go back to its old days, then I'll grant you right.

I didn't said that it wont go back to its old days. Every asset is overestimated now. We will experience 70-90% dump of everything (the only question is ... when it will start. Now or after doing 10x from now. No one knows). I only said that Doge is better than 90% of other crypto assets. If doge pumps only because of Musk tweets. Why ETC, bitcoin gold, bitcoin sv, litecoin, XLM, EOS, neo, lisk and other dead projects are pumping too?

Quote from: Bilgent on May 08, 2021, 03:54:56 AM

I don't know, man. I haven't even known much about Dogecoin until Elon Musk started tweeting about it very much.

Small sample error. The fact that single person (you named only yourself as example) didn't know about doge before musk tweets does not mean no one knows about it. Doge has 8 years... From the chart that I posted (and you quoted) we can see that it was not dead untill musk tweet. It was stable at 20 sat with multiple pumps to 50-100 sat. It was the most popular faucet coin, gamling coin.

"3- Doge is one of 3 most used coins on crypto casinos and similar sites

4- Doge is one of 5 most often available coins if you want to use crypto as payment"

Bilgent

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Quote from: Tytanowy Janusz on April 17, 2021, 04:49:11 AM

Quote from: Bilgent on April 17, 2021, 04:46:56 AM

Dogecoin is actually just one of the shitcoins in the market. Its makers even said that they made it for fun. I don't know why but Elon Musk started manipulating especially Dogecoin. Grin

And it looks like it will reach $1 soon. It's really frustrating to see that the cryptocurrencies are easily manipulated like this.

Damn. You are so wrong.

Quote from: Tytanowy Janusz on March 28, 2021, 07:06:20 AM

It was created as meme coin in days when there was not that much projects. Collected great community, good devs, and is now a better product with better adoption than 99.99% of "serious coins".

Quote from: Tytanowy Janusz on March 28, 2021, 06:22:05 AM

People underestimate doge. Price is too high currently. I agree but its not eveluated that high only because of Musk tweets.

Doge:
1 - was very stable against BTC for years.

6 years ... ~25 sat on average with many pumps as soon as price dumped. If I was banned from having bitcoin (for unknown reason) ... i would swap to DOGE as soon as price would dump to 20-25 sat.

2- DOGE has huge community and no centralized identity since first devs abandoned project (just like bitcoin was abandoned by satoshi)

3- Doge is one of 3 most used coins on crypto casinos and similar sites

4- Doge is one of 5 most often available coins if you want to use crypto as payment

I have few more.

Because of all of above I think I'm one of first people that dare to call DOGE a digital silver (if we consider bitcoin to be a digital gold). Not litecoin, not etherum.

I don't know, man. I haven't even known much about Dogecoin until Elon Musk started tweeting about it very much. And the price started to increase so much that made me think like it can't do without this manipulation. We will see what will happen if he stops supporting it. If it doesn't go back to its old days, then I'll grant you right.

virtualdn

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He posted and messed the market once again, I feel the crypto market lost its fun since this guy took over it. Maybe it's just me but it's all becoming a sort of bad joke, where a Dog meme coin equals $1 then falls in the biggest crypto bubble ever. This will hurt the crypto image in the short-mid term for sure.

Cling18

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He's obviously manipulating the market for his own good. He has done it with Bitcoin a few months ago and after gaining a huge profit, it switched to Dogecoin and it's crazy that lots of his followers are listening to whatever he says. He's now using his popularity to get richer in crypto. As for me, he's just taking advantage of his fame to manipulate investors.

Koro-Sensei

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His fame is making someone poorer and himself richer. Its sad that these investors haven't read the vision of the Doge coin team and jump into Doge due to Elon's popularity. I believe they would suffer in the end when Elon sell of his coin. Sadly for them.

Obito

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Elon did a Tweet about DOGE right now although he did put some precautions regarding investing in it. I am sure that DOGE is going to pump up again and I hope that everyone has their store of DOGE so they can get some profit in the pump.

iTradeChips

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Quote from: virtualdn on April 17, 2021, 03:40:40 AM

Am I the only one who finds his tweets and market manipulation annoying?

A lot of newbies falling into the trap unfortunately. BTC is strong and won't be affected too much but Dogecoin is just increasing its pump and dump reputation. Sad.

Well, many in the cryptocurrency world like Elon Musk for his science and technology thingy. Those rockets and those Tesla's and his mission to mars. But of course they do not like what he is doing with Dogecoin, using his influence to entice many to invest in this coin. I did remember him in a video saying that he needs the funds for his company to be able to bring men to Mars within the decade. So I think dealing with cryptocurrency is the way for him to be able to get the money that he needs.

Sanugarid

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Quote from: virtualdn on April 17, 2021, 03:40:40 AM

Am I the only one who finds his tweets and market manipulation annoying?

A lot of newbies falling into the trap unfortunately. BTC is strong and won't be affected too much but Dogecoin is just increasing its pump and dump reputation. Sad.

I do agree with your statement, he's a well-known entrepreneur and one of the richest people in the world so manipulating the market demand just by his tweets is really a piece of cake for him since his name is really influential in cryptocurrency. Making a trend and hyping up a coin is all about profit, it depends on you if you will exploit and follow such hype in the market. It's your choice and money after all so be wise and logical.

UserU

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Quote from: Ausgewielt on May 07, 2021, 02:41:42 AM

I think doge coin is pretty good to be an investment, atleast we know the pattern so I think it will be easier for us to make decisions. Although I believe that Elon Musk see good things about bitcoin but I also afraid at the same time. In the past we call people who manipulate bitcoin price as whales. But now is different there are more Bitcoin users than in the past so I doubt that Elon Musk can manipulate bitcoin price.

The issue is, DOGE has no end to its supply unlike most other coins. So imagine DOGE being generated every single day with no worries that they would run out someday.

iamsheikhadil

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Quote from: thantung3110 on May 06, 2021, 07:22:51 PM

that's how the crypto market is awake again buddy. And I think many people are happy because of Doge Grin

Not really, there are people like me who had huge number of dogecoins who are sad Grin

I think the price of dogecoins right now is hugely unjustified and impractical specially in this situation of the crypto market and am pretty sure it will crash once the correction happens. But the people who bought it low are really enjoying the ride, it would be wise for them to sell now!

Oasisman

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Quote from: TastyChillySauce00 on May 05, 2021, 09:07:25 PM

Quote from: arapgeceleri on May 05, 2021, 06:42:40 PM

~snip~

Manipulating doge maybe yes but I doubt he could be considered "manipulating" bitcoin market, he has influence but doesn't necessarily means he's manipulating it, the market itself could go up without even the help of elon musk but maybe not this high, even stocks are usually influenced by statements of some famous people as well but there's no one complaining of manipulation. Therefore if same thing happened to crypto more specifically bitcoin where the value keep increasing because of elon hype, it's simply because most of people are welcoming it.

Yeah right, I as well don't think Elon is directly manipulating Doge's price, not unless If we have a proof of his trading activities with Doge trying to manipulate the market. So, I might say he "somehow" trying to manipulate the market indirectly.
He's more likely trolling or hyping up this specific coin, but he'll for sure make a profit out of it after a lot of people are buying into his hype through Twitter, Tiktok, and other social media platforms.

Ausgewielt

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I think doge coin is pretty good to be an investment, atleast we know the pattern so I think it will be easier for us to make decisions. Although I believe that Elon Musk see good things about bitcoin but I also afraid at the same time. In the past we call people who manipulate bitcoin price as whales. But now is different there are more Bitcoin users than in the past so I doubt that Elon Musk can manipulate bitcoin price.

BobK71

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Quote from: thantung3110 on May 06, 2021, 07:22:51 PM

that's how the crypto market is awake again buddy. And I think many people are happy because of Doge Grin

Doge's price has exceeded everyone's thoughts. So now it is better not to waste your hard earned money by following Elon Musk tweet's

thantung3110

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that's how the crypto market is awake again buddy. And I think many people are happy because of Doge Grin

7788bitcoin

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Quote from: uray on May 06, 2021, 06:53:27 PM

No one would have thought Doge would be in the top 4 let alone in the top 10. The crash would be huge, anyone holding them will make a fortune.

If anyone said that the Dogecoin will sit in the top 5 last year i would laugh as there are other shit coins that are having a much better valuation but it is a matter of time that concept changed and all thanks to Elon Musk for making the coin popular. The developers promoted race car rallies and that is how it got its fame in the past but the Elon Tweets gave them the much needed attention which was not expected by the common cryptocurrency enthusiast.

uray

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Quote from: iphone5s on May 06, 2021, 08:43:36 AM

This shocked a lot of people and created a surprise that many didn't expect, but you should be careful with this because falling is a big risk nowadays. Don't be too greedy with all of this. Will the end of the year have a big boom again? or even worse. Sometimes a funny meme coin makes you amazed at what will appear without realizing it. Cheesy

It should not be a shock if you check the number of coins in existence in Doge as well as in Ripple and when you have a rally that is beyond our imagination then you are bound to see crazy capital and moving up the rankings. No one would have thought Doge would be in the top 4 let alone in the top 10. The crash would be huge, anyone holding them will make a fortune.

BobK71

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Elon Musk is a clever man. Because he is only doing this to increase his money. And he wanted to be the richest man in the world forever. He took the Doge Coin to the moon. However, due to his excesses, the traders continue to ignore his fucking tweets and forbid everyone to follow his tweets.

Viscore

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Quote from: Kelvinid on May 06, 2021, 09:23:24 AM

Quote from: DOH! on May 06, 2021, 08:52:51 AM

I think Elon is no coincidence to present distinct pictures that will attract public interest. He is very smart and may have seen trends in the market. Almost, the market now contains great work up to this point. It's Doge - This is the big difference between famous and wealthy people. Elon is a symbol and an idol of the community. Elon is the protagonist of this year!

A lot of people following and trusting with his artworks. And with his presence in the crypto community the more it attracts his followers to do what he is doing right now. Maybe it finds no coincidence but because of his tweets and talks about Bitcoin, about Dogecoins, it triggers a huge market change turning into more bullish and seeing it dumps. This tells us that Elon is so influential, not just only in terms of machine invention but also in the digital world (crypto).

Elon is a billionaire for a reason, he is smart when it comes to investment which is why he is successful. I truly believe that he is just one of the manipulators in crypto that he doesn't really believe in the future of crypto, he is just using his popularity to make easy money.

I'm excited to witness what people would think when the correction starts and it will result in a long bear market?

How about you guys?

Kelvinid

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Quote from: DOH! on May 06, 2021, 08:52:51 AM

I think Elon is no coincidence to present distinct pictures that will attract public interest. He is very smart and may have seen trends in the market. Almost, the market now contains great work up to this point. It's Doge - This is the big difference between famous and wealthy people. Elon is a symbol and an idol of the community. Elon is the protagonist of this year!

A lot of people following and trusting with his artworks. And with his presence in the crypto community the more it attracts his followers to do what he is doing right now. Maybe it finds no coincidence but because of his tweets and talks about Bitcoin, about Dogecoins, it triggers a huge market change turning into more bullish and seeing it dumps. This tells us that Elon is so influential, not just only in terms of machine invention but also in the digital world (crypto).

Topic: Elon Musk please stop messing up the crypto market - page 5. (Read 3190 times)