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Topic: Elon Musk's two tweets on Dogecoin drive value of cryptocurrency up by 7% - page 2. (Read 439 times)

full member
Activity: 966
Merit: 102
Elon Musk’s affects the coin and the market because of the people that is willingly letting themselves be influence, manipulated in such an extreme, to follow his steps. But if only these individuals would realize how much damage that this has been done prior and is currently doing to the market and the people, then these who are willingly getting influenced would be wiser what and who to follow, hopefully.
full member
Activity: 812
Merit: 108
It is totally against the market interest because he is manipulating the prices and people like us losing their money. We are looking for long-term support for what he is doing like manipulating some investors to invest in doge/shiba inu. No doubt we can earn some profits but still crypto is volatile and one tweet can ruin the whole profits. so be careful.
hero member
Activity: 2702
Merit: 704
Two tweets by Tesla and SpaceX founder Elon Musk drove the value of Dogecoin up by seven percent on July 1. On the other hand, two other cryptocurrencies - Bitcoin and Ether - traded lower.

Dogecoin, after trading below $0.24 in the early hours of trading, surged to $0.2573 after Musk's tweets, as per the data shared by CoinMarketCap. The 24-hour trading volume was stated as $2,762,760,820, by the time this report was published.

Read more https://www.moneycontrol.com/news/business/cryptocurrency/elon-musks-two-tweets-on-dogecoin-drives-value-of-cryptocurrency-up-by-7-7114361.html



Elon Elon Elon, are we still going to ignore how much influence this lad has on dogecoin and the crypto ecosystem in general?

I still feel the damage that was done on crypto(bitcoin) because of the elon tweets about the carbon footprint can be undone if we can find cleaner ways of mining...and he will be the first to blow the horn for damage control.
It is undeniable that he still has a lot of influence but can you see what is happening? Now the market moved only 7% when it moved a lot more during his previous tweets, this also means that people are putting less attention to him and this is a welcome change.

And this is just the beginning, soon enough his influence will drop even more as people are going to see that his comments do not move the market as much as before creating a vicious circle, now he will always have some level of influence but I am glad that we are finally seeing a drop on it.

Now this could be caused because a great deal of weak hands have left the market and only those that have the stronger hands remain, which means that if the conformation of the market changes once again we could see his influnce surging again.
sr. member
Activity: 882
Merit: 403
Seriously, I am very annoyed with how this guy is playing with the market right now. His casual trolling gets dozens of people rekt and even if we say a billion times that people should only invest what they can afford to lose, some people would still gamble specially those that have too little to none knowledge about how this industry works. In desperate times, making foolish decisions can easily happen. And when it does, there's just no more turning back. Although people who invests blindly are at fault, they do not deserve to be fcked over like this, it is just disgusting. And I even used to be a big fan of this guy because of his great accomplishments, but now, I unfollowed him on twitter.
member
Activity: 602
Merit: 12
Elon has the power to influence the kids of this generation. They think elon is the messiah in crypto and they follow what ever hype message he posted. Sooner or later, people will get trap in DOGE and they will only realize once its too late that their feelings has been played by elon.

Yes, very true, but it's not all a cruel game from Elon Musk. and look at the development now when Elon musk pushes Dogecoin in cryptocurrency up 7%, and try to think whether Elon musk is detrimental to other people? Of course not, because the development of Dogecoin is now slowly rising in cryptocurrency.
Elon Musk's followers will not be disappointed.
jr. member
Activity: 133
Merit: 5
He's losing he's influence and it's good. People are tired of his manipulations and more people are starting to understand this.
legendary
Activity: 2982
Merit: 1028
We can see clearly how much influence Elon Musk has towards crypto enthusiasts. Dogecoin is nothing compared to bitcoin actually but ever since Elon Musk took custody of being the father of Doge, the value has increased a lot. He can influence those who doesn't read much about crypto considering that he is a billionaire. Most of the people will believe on him since they think that if they will do the same thing Elon is doing, they will get a shot on becoming a millionaire too but little do they know, Elon is deceiving them so that he can feed on them more so be more wise next time.
Badly true!  those who don't read much and just  following him for being billionaire,

most of the time they are the victims for believing that this guy will change their lives positively, unknowingly that they've been use

as channel to earned more, his intention was clear, he just wanted to make more money by using portions of his wealth. Creating
slight pump then dump once there are traders follows his trapped.



full member
Activity: 1708
Merit: 126
He isn't influential as before and his tweets don't matter to most users this time. I think people have seen that he's just trying to manipulate the market. It's a good thing that users are wiser now and they learned how to ignore his tweets unlike before. As for me, we shouldn't let Elon Musk manipulate the market by ignoring his statements about Doge or other coins.
sr. member
Activity: 1036
Merit: 286
We can see clearly how much influence Elon Musk has towards crypto enthusiasts. Dogecoin is nothing compared to bitcoin actually but ever since Elon Musk took custody of being the father of Doge, the value has increased a lot. He can influence those who doesn't read much about crypto considering that he is a billionaire. Most of the people will believe on him since they think that if they will do the same thing Elon is doing, they will get a shot on becoming a millionaire too but little do they know, Elon is deceiving them so that he can feed on them more so be more wise next time.
hero member
Activity: 1316
Merit: 514
Elon has the power to influence the kids of this generation. They think elon is the messiah in crypto and they follow what ever hype message he posted. Sooner or later, people will get trap in DOGE and they will only realize once its too late that their feelings has been played by elon.
sr. member
Activity: 2310
Merit: 366
Elon's tweets are now having smaller impact to the crypto community and even among enlightened Doge supporters. Elon is not anymore the very influential Elon months ago. He used to be have so much impact even with a confusing and sarcastic tweet. Right now, even his tweet did not really make Doge perform better than others. If you look at Doge at this moment, it is still in the red. Elon made a tweet about the meme coin just hours ago.
member
Activity: 1764
Merit: 10
When Elon Musk writes something about Dogecoin, the price of Dogecoin immediately starts to rise and this is already a fact, so I constantly follow Elon Musk as I invest in Dogecoin and when Elon Musk writes something about Dogecoin, I immediately follow my investments which I invetsted in Dogecoin and I fix a profit, and so I do it all the time, and in general I think that Elon Musk will advertise Dogecoin in the future too and thus the price of Dogecoin will only grow in the future.
sr. member
Activity: 1596
Merit: 264
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Ain't gonna get anywhere, OP. I didn't expect that the Musk mentions would be so prolonged.
Other people like Mcafee (rip to that guy) didn't last that much in discussions in here, wouldn't even call an era.
I guess that's just how it is when it comes to rich people in the internet.
member
Activity: 672
Merit: 10
The financial fraud that  Elon Musk is now engaged in, in my understanding, is an attempt to get a lot of profit and implement his project on a manned flight to Mars. This may seem like complete stupidity, but given the amount of money he needs,  this is quite real. I look at his actions as deliberate steps, and not as some kind of nonsense.
If what Elon did wasn't intentional, there's no way he'd be willing to spend a lot of money just on a meme coin, and there's no way he's just being a fad, he's definitely doing it to make as much profit as possible by manipulating it as he wishes.
legendary
Activity: 3010
Merit: 1024
Leading Crypto Sports Betting & Casino Platform
I still feel the damage that was done on crypto(bitcoin) because of the elon tweets about the carbon footprint can be undone if we can find cleaner ways of mining...and he will be the first to blow the horn for damage control.
There are lots of miners companies have been starting to work on it by create a partnership to decrease the carbon emission and that needs the time to implement the renewable energy. That needs process dude but the some bitcoin miners were hearing this and they are working on it now.


Elon was not only making the price of doge coin gets a small pump but this guy was also mentioning babydoge which has been making a new shitcoin called babydoge was going to the moon.
Someone was making more than 5k% ROI from the baby doge.
elon's power is still there.
full member
Activity: 941
Merit: 100

Doge was $0.24 after his tweet just jump to $0.25. He must be expecting still a big pump. He is losing it all. People once liked him supporting the adoption but after playing around, his influence slowly deteriorates, whatever he will tweet will just be ignored even if it's going to be the most supportive tweet, people may not care soon. Can't even say something that is worth retweeting about dogecoin.



no, he still has influence. although what he said about crypto mining yesterday was bad. but look today, he was able to get the price of doge moving again just hours after he tweeted about doge. Elon Musk influence is still quite large in the crypto market. so be careful. you may not notice him, but there are still many of his followers who believe what he says.
Elon is still playing with Dogecoin. and it turns out that there are still many followers who continue to believe what he says.
I honestly don't really like what he's doing for the crypto market even though he can make growth in crypto value. but with what he often does with his social media it seems that he is really toying with his followers to make a difference in the market.
hero member
Activity: 1722
Merit: 801
You can see, by how much percentage changes with his tweet.

IMO, the trust from the crypto community to Elon already not really have high expectations due we already know he was shilling 2 tokens/coins ($DOGE & $SHIBA). And one more thing, with his Ken Inutweet about the energy mining the reason at that day make crypto market collapse. Almost cryptocurrency community right now is pissed off with him, only in the matter of time the community will not gonna listed anymore.
Elon tweets lost it magic power than months ago. His tweets recently can move price up but not with 50%, 100% or 200% like months ago.

The market now is in accumulation and it won't give opportunity for altcoins to suddenly x2, x3 in a few hours, by Elon tweets or tweet from other influencers.

Elon will have to wait when the market finishes its accumulation and shill altcoins again.
legendary
Activity: 3164
Merit: 1344
Leading Crypto Sports Betting & Casino Platform
Why not look at the bigger picture? During the last two months, the altcoins have fallen even more when compared to Bitcoin. And the most surprising factor is that the slide was triggered by Elon, when he came up with the tweet stating that Tesla will no longer accept BTC as a mode of payment. In case of Dogecoin, it's price has fallen from $0.69 per coin to $0.24 per coin despite all the drama by Elon. If you calculate the % loss, then it can be seen that the decline is much higher than what Bitcoin had during the same period.
member
Activity: 882
Merit: 11
Volare.network

Doge was $0.24 after his tweet just jump to $0.25. He must be expecting still a big pump. He is losing it all. People once liked him supporting the adoption but after playing around, his influence slowly deteriorates, whatever he will tweet will just be ignored even if it's going to be the most supportive tweet, people may not care soon. Can't even say something that is worth retweeting about dogecoin.



no, he still has influence. although what he said about crypto mining yesterday was bad. but look today, he was able to get the price of doge moving again just hours after he tweeted about doge. Elon Musk influence is still quite large in the crypto market. so be careful. you may not notice him, but there are still many of his followers who believe what he says.
sr. member
Activity: 1666
Merit: 292
Eloncoin.org - Mars, here we come!
I'm getting bored talking about Elon Musk's tweets lately, I find it to be less effective than before.
Perhaps many people have noticed the price manipulation from Elon for this market.
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