Elon Musk's two tweets on Dogecoin drive value of cryptocurrency up by 7% - page 3.

Dave1

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Quote from: cabron on July 01, 2021, 09:06:28 PM

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.

Could be, but we have learn from Elon's tweet already, yes the price rose to 7% but then again, it just dump so hard. So maybe he doesn't have that influence anymore except for couple of noobs or pump and dump groups who are going to jump in and make easy profits.

And since we are in a bearish trend, investors are very careful, or shall we shall afraid to pour their money because of the current trend.

cabron

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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.

vv181

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Quote from: Yaunfitda on July 01, 2021, 07:51:40 PM

I don't know, but I'm not seeing a 7% increased on Doge. On the contrary, it posted -3.xx%, maybe Elon has lost his touch already, and no longer has the influence that we all have been seeing on him on the last 2 months or so.

The tweets are made ~17hours ago. If you look at the article or CMC, you can see that the Doge price rose up. Also, if you see the timedate Elon made tweets about Doge, that's why people are correlating the price with Elon tweets. After all, the price is still up ~3% if you compare it before the pump happens.

Twinkledoe

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Quote from: Yaunfitda on July 01, 2021, 07:51:40 PM

I don't know, but I'm not seeing a 7% increased on Doge. On the contrary, it posted -3.xx%, maybe Elon has lost his touch already, and no longer has the influence that we all have been seeing on him on the last 2 months or so.

Speculators are just taking advantage of it, and if ever it increases again, for sure those are going to be dump hard for profit taking. Market though continues to go on bearish mode, but still bitcoin is above $30k and ETH at $2k.

Or people are already fed up by his tweets, and not creating big waves anymore. Maybe, if he will tweet about actual improvement of doge network, this may influence the market, but empty tweets with nothing to offer, I don't think it will fetch big movement in the market. It is interesting if there is indeed collaboration with the doge team to make some innovations with doge. The fees of doge in exchanges right now are quite expensive as compared with other alts like TRX or XRP, so I don't know what use case of doge are they venturing to?

wheelz1200

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Quote from: Woodie on July 01, 2021, 02:32:26 PM

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.

I don't think bitcoins current price is due to elons tweets long ago. Imean momentarily but he isn't going to permanently drag the price down or up. There is just too much volume and smarter people in the market. Doge maybe but I will tell you this doge can lose value in sats but gain in usd and 99% of the people will be happy lol.

Yaunfitda

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I don't know, but I'm not seeing a 7% increased on Doge. On the contrary, it posted -3.xx%, maybe Elon has lost his touch already, and no longer has the influence that we all have been seeing on him on the last 2 months or so.

Speculators are just taking advantage of it, and if ever it increases again, for sure those are going to be dump hard for profit taking. Market though continues to go on bearish mode, but still bitcoin is above $30k and ETH at $2k.

passwordnow

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Quote from: Woodie on July 01, 2021, 02:32:26 PM

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

Yes, we can ignore him until we can. It's no longer relevant to catch whatever he says on his twitter account. He's actually not doing good and influencing good the market. We have to remove in our minds every single person that only brings FUD to the community.

Quote from: Woodie on July 01, 2021, 02:32:26 PM

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.

That's okay. It's not permanent because bitcoin will recover eventually and those tweets of him will be passing by afterwards. In results of it, the market will be healthier again while he's still trying to confuse those followers of him with his tweets.

jeungo

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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.

ryzaadit

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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.

Woodie

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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.

Topic: Elon Musk's two tweets on Dogecoin drive value of cryptocurrency up by 7% - page 3. (Read 440 times)