Topic: Elon Musk sued for 258 billion USD over alleged Dogecoin pyramid scheme. - page 2. (Read 522 times)
June 20, 2022, 05:06:28 AM
I also have a lot of problems with this market manipulation by the big influencers in this market, not only for dogecoin but other things when someone says good or makes FUD about it. Although to be honest, Elon is funny when he talks about Dogecoin too much, and it is also an excuse for other bad guys to manipulate prices and negatively affect the market, creating trends that I find ridiculous. kid. But the person affected by the loss should also learn to blame themselves rather than blame others. When the decision is in your hands and you are taken advantage of, it is easy to blame.
June 19, 2022, 01:29:25 PM
"The lawsuit is written to represent the people who have lost money while trading Dogecoin since April 2019. The exact numerical figure on the lawsuit comes from Johnson’s claim for $86 billion in damages, which his lawsuits requests be tripled."
https://en.as.com/latest_news/why-has-elon-musk-been-sued-after-dogecoin-pyramid-scheme-accusations-n/
Who cares how these people lost about $86 billion?
SEC care if they see there is strong evident show Elon Musk using his influence to pump the price of Doge (which he did) and then dump the coins he accumulated beforehand. Of course, the latter will need some serious evidence to make the accusations true. https://en.as.com/latest_news/why-has-elon-musk-been-sued-after-dogecoin-pyramid-scheme-accusations-n/
Who cares how these people lost about $86 billion?
June 19, 2022, 12:34:56 PM
Although I don’t own the smallest fraction of Dogecoin and personally I don’t believe in the coin, i still don’t think that Dogecoin is a pyramid scheme, rather I choose to view Dogecoin as a memecoin that wasn’t heading anywhere until it got its major influence from one of the richest men in the world and an obvious business tycoon this support boosted Dogecoin to unimaginable height and I believe it must have also shocked the owners of Dogecoin that they could do such high numbers, I believe this all this commotion won’t affect Elon musk in any way.
June 19, 2022, 12:18:06 PM
I think almost all cryptocurrencies are a kind of pyramid scheme because those who buy at the beginning will not be affected by losses like we buy at the end, it's just that other crypto coins always have the utility to make the coins seem to be of good use. While degocoin has basically been abandoned by the core team and left to the community, it's very unlikely to go up to nearly $1, this is considered a big ponzi to some.
June 19, 2022, 11:52:09 AM
There is no substance for this lawsuit, Elon Musk never asked anyone to invest in anything even though he was teasing about Dogecoin through his social media pages and that is the sole reason the meme coin trend even started during this rally.
In a court of law it is not that hard to prove that Elon Musk is not involved in anything involving Dogecoin and his lawyers will squash them in no time.
There is no accurate factor that can prove Elon Musk's guilt in court because it is not proven related to the invitation to invest in Dogecoin, so I agree that Elon Musk will easily get rid of all lawsuits about the solicitation of Dogecoin investment because in the coin meme market everyone invests due to influence hype is not solid analysis and research.In a court of law it is not that hard to prove that Elon Musk is not involved in anything involving Dogecoin and his lawyers will squash them in no time.
I guess it's not Elon Musk's mistake if people are listening to the hype and let themselves get manipulated by a person's influence. He will surely get rid of this case simply because he has the money and there are grounds to prove him guilty of scamming people. It's the people's initiative to listen and invest in Dogecoin but he didn't scam anyone.
June 19, 2022, 11:28:48 AM
There is no substance for this lawsuit, Elon Musk never asked anyone to invest in anything even though he was teasing about Dogecoin through his social media pages and that is the sole reason the meme coin trend even started during this rally.
In a court of law it is not that hard to prove that Elon Musk is not involved in anything involving Dogecoin and his lawyers will squash them in no time.
There is no accurate factor that can prove Elon Musk's guilt in court because it is not proven related to the invitation to invest in Dogecoin, so I agree that Elon Musk will easily get rid of all lawsuits about the solicitation of Dogecoin investment, because in the coin meme market everyone invests due to influence hype is not solid analysis and research. In a court of law it is not that hard to prove that Elon Musk is not involved in anything involving Dogecoin and his lawyers will squash them in no time.
June 19, 2022, 11:19:23 AM
Is dogecoin a pyramid scheme? Is this a rhetorical question? 
Any doge supporters here?
Any doge supporters here?No, why would an ordinary pump&dump project, which was created for fun, suddenly be a financial pyramid? It's just an object to manipulate and siphon money from the crowd. And notice, DOGE for almost 5 years had utilitarian properties among crypto community, because it was used for arbitrage and value transfer between exchanges, because commissions were kopecks. But then Musk appeared and decided to get high on this project and use his mediocrity to manipulate DOGE price.
June 19, 2022, 10:46:43 AM
This lawsuit is always ridiculous, it seems these kind of person that invested in meme coin always make the worst decision they could make in their life, suing someone over their own financial decision is honestly sounds so foolish.
Elon in his stance is just merely tweeting some jokes in regard of memecoins in general and most of these so called shitcoin traders always think elon musk is recommending them to invest.
Elon in his stance is just merely tweeting some jokes in regard of memecoins in general and most of these so called shitcoin traders always think elon musk is recommending them to invest.
June 19, 2022, 10:36:33 AM
Elon Musk is about to get sued for alleged Dogecoin pyramid scheme. We all knew that his Dogecoin shilling will come back and bite him in the a$$.
Is dogecoin a pyramid scheme? Is this a rhetorical question? Any doge supporters here?
There is no substance for this lawsuit, Elon Musk never asked anyone to invest in anything even though he was teasing about Dogecoin through his social media pages and that is the sole reason the meme coin trend even started during this rally.Is dogecoin a pyramid scheme? Is this a rhetorical question?
Any doge supporters here?In a court of law it is not that hard to prove that Elon Musk is not involved in anything involving Dogecoin and his lawyers will squash them in no time.
June 19, 2022, 10:17:29 AM
...So we really can't blame Elon Musk if he wants to promote Dogecoin, as investors, we must make wise decisions and be responsible for every decision we make.
We can't know exactly how much Dogecoin Elon Musk holds at the moment. Perhaps he, as well as his followers, has a negative result, holding a losing trade. But it is known for sure that Tesla, headed by him, has a loss of $500 million from holding a position in bitcoin. So this indicates that it is impossible to treat Musk words as financial advice and everyone should make their own decision.
June 19, 2022, 10:09:59 AM
I'm sorry if there's another forum post about this topic. I couldn't find anything about this news, so I'm posting it here.
Elon Musk is about to get sued for alleged Dogecoin pyramid scheme. We all knew that his Dogecoin shilling will come back and bite him in the a$$.
Is dogecoin a pyramid scheme? Is this a rhetorical question? Any doge supporters here?
https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/
Elon Musk is about to get sued for alleged Dogecoin pyramid scheme. We all knew that his Dogecoin shilling will come back and bite him in the a$$.
Is dogecoin a pyramid scheme? Is this a rhetorical question?
Any doge supporters here?https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/
Keith Johnson can accuse Elon Musk for a variety of reasons, but Keith Johnson will not be in a position of victory in his lawsuit. Because crypto price fluctuations are normal. Not only Dogecoin, even almost all crypto drops today. Will Keith Johnson also sue other cryptos?
June 19, 2022, 09:42:36 AM
Elon Musk is a world famous person has millions of followers and has done all kinds of manipulations for dogecoin. I wonder what the outcome will be from this case. Today's Twitter post of Elon Musk draws attention and said that he will continue to support DogeCoin. Some things are going on, but I wonder what will happen next.
June 19, 2022, 08:21:47 AM
It seems that this lawsuit did not scare Elon Musk, as a few hours ago he posted another tweet in which he said: "I will keep supporting Dogecoin" - https://twitter.com/elonmusk/status/1538406040374595585 This means that Elon Musk understands the absurdity of this lawsuit and will continue to shill Dogecoin.
Elon Musk already knows the crypto world quite well and Elon Musk understands that what was done to Dogecoin did not violate any laws.
Of course Elon Musk believes the lawsuit will not stop him from continuing to support Dogecoin until Dogecoin can hype up again.
So the issue of the lawsuit is a small thing for Elon Musk, so I believe Elon Musk will not be found guilty and will never provide compensation
to the plaintiff. Although I do not like Elon Musk who continues to promote Dogecoin, but what Elon Musk did I admit is not something that is
against the law. After all, Elon Musk has never forced his followers to buy Dogecoin, so when someone buys Dogecoin it's on their own decision.
So we really can't blame Elon Musk if he wants to promote Dogecoin, as investors, we must make wise decisions and be responsible for every
decision we make.
June 19, 2022, 08:11:52 AM
It seems that this lawsuit did not scare Elon Musk, as a few hours ago he posted another tweet in which he said: "I will keep supporting Dogecoin" - https://twitter.com/elonmusk/status/1538406040374595585 This means that Elon Musk understands the absurdity of this lawsuit and will continue to shill Dogecoin.
Elon Musk already knows the crypto world quite well and Elon Musk understands that what was done to Dogecoin did not violate any laws.
Of course Elon Musk believes the lawsuit will not stop him from continuing to support Dogecoin until Dogecoin can hype up again.
So the issue of the lawsuit is a small thing for Elon Musk, so I believe Elon Musk will not be found guilty and will never provide compensation
to the plaintiff. Although I do not like Elon Musk who continues to promote Dogecoin, but what Elon Musk did I admit is not something that is
against the law. After all, Elon Musk has never forced his followers to buy Dogecoin, so when someone buys Dogecoin it's on their own decision.
So we really can't blame Elon Musk if he wants to promote Dogecoin, as investors, we must make wise decisions and be responsible for every
decision we make.
June 19, 2022, 07:27:02 AM
I'm sorry if there's another forum post about this topic. I couldn't find anything about this news, so I'm posting it here.
Elon Musk is about to get sued for alleged Dogecoin pyramid scheme. We all knew that his Dogecoin shilling will come back and bite him in the a$$.
Is dogecoin a pyramid scheme? Is this a rhetorical question? Any doge supporters here?
https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/
Elon Musk is about to get sued for alleged Dogecoin pyramid scheme. We all knew that his Dogecoin shilling will come back and bite him in the a$$.
Is dogecoin a pyramid scheme? Is this a rhetorical question?
Any doge supporters here?https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/
The accuser just wants to make money
Quote
Johnson is seeking $86 billion in damages, representing the decline in Dogecoin's market value since May 2021, and wants it tripled.
if every investor who loses their investment investing in Cryptocurrency will demand and charge the developers we will have thousands of lawsuits every month, the accuser is in a dream world he doesn't know the reality of investing in Cryptocurrency, it is the investor's action that will make him lose and profit in the market, there's a lot of pump dump and manipulation in the market, you don't want to lose? get out in the market and put your money in a bank. Did the accuser lose $86 billion in investment? and I understand that tripling that amount of $86 billion will be coming close to Elon Musk's Net worth, Maybe his aim is to bankrupt Elon Musk I don't think this will fly though. Didn't People profit from Elon Musk Dogecoin shilling? I also believe that he believes he can make some sought of money from the lawsuit even if he is not going to get what he is requesting. June 19, 2022, 07:12:00 AM
Elon Musk is about to get sued for alleged Dogecoin pyramid scheme. We all knew that his Dogecoin shilling will come back and bite him in the a$$.
Is dogecoin a pyramid scheme? Is this a rhetorical question? Any doge supporters here?
Is dogecoin a pyramid scheme? Is this a rhetorical question?
Any doge supporters here?I just took a quick read through the article that you posted and it seems that he gets sued by a single dogecoin investor. So for me this means that it is pretty safe to say, that this legal action has zero chance of being successful, especially when you look at the amount that this guy wants as a compensation. I think the guy who sues Elon Musk definitely knows that but still sued him to make a statement or to make this issue more public again.
In the end the Dogecoin shilling of Elon Musk was very good for those guys that were already invested into dogecoin before the shilling happened, but also very bad for those that only bought Dogecoin because of the shilling of Elon Musk. I mean in the end it is also the fault of those guys that just buy a coin because someone famous is making tweets about it.
I also think that the shilling of Elon was bad for the crypto market as a whole because it was basically the starting point of the meme-coin hype and because of that we saw hundreds of new shit-coins every day and attention was took away from real projects.
June 19, 2022, 07:00:50 AM
"The lawsuit is written to represent the people who have lost money while trading Dogecoin since April 2019. The exact numerical figure on the lawsuit comes from Johnson’s claim for $86 billion in damages, which his lawsuits requests be tripled."
https://en.as.com/latest_news/why-has-elon-musk-been-sued-after-dogecoin-pyramid-scheme-accusations-n/
Who cares how these people lost about $86 billion?
https://en.as.com/latest_news/why-has-elon-musk-been-sued-after-dogecoin-pyramid-scheme-accusations-n/
Who cares how these people lost about $86 billion?
June 19, 2022, 06:21:14 AM
It seems that this lawsuit did not scare Elon Musk, as a few hours ago he posted another tweet in which he said: "I will keep supporting Dogecoin" - https://twitter.com/elonmusk/status/1538406040374595585 This means that Elon Musk understands the absurdity of this lawsuit and will continue to shill Dogecoin.
June 19, 2022, 03:49:22 AM
The end result is already here, the accuser only want to make money out if this and if things go his way many suing will come after Elon will easily win this though as he has the upper hand here, whatever the accuser claim might be Elon Musk isn't at fault at all.
Elon will easily win this though as he has the upper hand here, whatever the accuser claim might be Elon Musk isn't at fault at all. June 19, 2022, 03:21:25 AM
As of now, there is no specific law that prohibits anyone to be shilling any coin or token in the cryptocurrency market...this remains to be unregulated market and therefore it would be hard for this case against Elon Musk to really prosper. Now, had it been done with stocks or similar regulated investment vehicle then maybe it can be a different story. Another thing is that Dogecoin is not owned nor started by Elon so he is just another holder who then believed in its potential and there are so many out there who made the same similar posts. I am then sure that this case can be another impetus for governmental agencies to really push for a clear-cut crypto regulations.
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