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

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Quote from: leetcoiner on July 22, 2021, 03:31:33 PM

This is pretty revealing.
Investors seeing this should realize how risky it can be to invest in the wrong coin, like meme coins, the price of which can collapse overnight.

Yes, and investors who are very experienced in the crypto space will always ignore meme coins, because they can't be fooled by meme coin developers, especially if they've made profits very often through other cryptocurrencies that are more popular than meme coins.

While it is true that someone with even a moderate experience in this market is not going to be fooled by those coins there are many newbies that will and the worst part is that once they lose their money then they are going to tell their friends and family that this market is composed of only scammers and to not adopt it.

So not only they will cost themselves all the losses they will suffer but they will cost others all the money that they could have made as they would have invested in bitcoin and other good coins instead of those meme coins which cannot be classified as scams but that are completely useless.

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Quote from: NewRanger on July 25, 2021, 09:19:04 AM

after many traders rekted now investors really carefull with every single tweet or statment from elon musk. He was proven as actor behind this market manipulation by creating fud about bitcoin mining energy and continued by another fud. I am pretty sure his position on bitcoin now floating minus and he is trying to recover market sentiment now.

Not only for trader but it's affecting the whole crypto community, Elon have an influence and power to affect the market and he really doing that before but he just throwing away that chance to gain trust from the community so as you said right now people will be more careful in the future especially any tweet from elon since we can some hidden intentions like market manipulation before.

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Quote from: Brus123 on July 24, 2021, 05:05:17 AM

To my mind, Elon Musk now sees on his own that people at last figured it out that he just manipulates the prices to benefit by himself. Without any fundamental reasons for it, prices of Dogecoin pump several times due to Elon Musk’s tweets, so he decided to use it as a tool for earning, but now price doesn't react so significantly. So it is pointless for him now to try to pump the price of Dogecoin again by his tweets.

after many traders rekted now investors really carefull with every single tweet or statment from elon musk. He was proven as actor behind this market manipulation by creating fud about bitcoin mining energy and continued by another fud. I am pretty sure his position on bitcoin now floating minus and he is trying to recover market sentiment now.

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Quote from: kawetsriyanto on July 22, 2021, 07:39:03 PM

Not only experienced investors, even newbies who can think smart, probably avoid buying meme coins. There are already many discussions spread out in this forum that discussing the harm or risk of meme coins. That should be a warning for all members to not trying to invest in meme coins. But for those who are always greedy and think instant profits, they may buy meme coins.

Newbies do like this. They say meme coins are risky, reject to buy meme coins with cheap price but they will buy it when they see big green candles. They are scare with cheap price but are brave with expensive price.

Experienced investors can buy meme tokens or not but if they buy, they will buy those tokens very early or only buy when price of those tokens have serious corrections.

Quote from: Brus123 on July 24, 2021, 05:05:17 AM

To my mind, Elon Musk now sees on his own that people at last figured it out that he just manipulates the prices to benefit by himself. Without any fundamental reasons for it, prices of Dogecoin pump several times due to Elon Musk’s tweets, so he decided to use it as a tool for earning, but now price doesn't react so significantly. So it is pointless for him now to try to pump the price of Dogecoin again by his tweets.

Now recently but a long time ago. Years ago when Elon Musk made his first tweet about Dogecoin. It takes Elon Musk two to three years to accumulate Dogecoin and test the market with his tweets. Dogecoin was pumped with his tweets in 2019 so Elon knew that he can be a big influential person with Dogecoin.

The last year is when Elon Musk officially shown his power to manipulate the Dogecoin market.

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Quote from: leetcoiner on July 12, 2021, 05:01:23 PM

I like that Elon Musk's tweets no longer have the same impact on the market as they did before.
All the same, people begin to think with their own heads and are less and less led by this kind of hype. And this is good, there will be less losses for unknown reasons.

To my mind, Elon Musk now sees on his own that people at last figured it out that he just manipulates the prices to benefit by himself. Without any fundamental reasons for it, prices of Dogecoin pump several times due to Elon Musk’s tweets, so he decided to use it as a tool for earning, but now price doesn't react so significantly. So it is pointless for him now to try to pump the price of Dogecoin again by his tweets.

llecrf

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it has many times and yesterday when Elon Musk wore a Bitcoin t-shirt, the price of Bitcoin and altcoins he tweeted rose slowly, there are many people who are still following Elon Musk's tweet trend, I don't understand what they are thinking, but as I know, Elon is a crypto Investor and he has a lot of followers on his twetter account, I also hope Tesla will accept Bitcoin and other altcoin payments too so the price will increase by more than 7%

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investors who are very experienced in the crypto space will always ignore meme coins, because they can't be fooled by meme coin developers

Not only experienced investors, even newbies who can think smart, probably avoid buying meme coins. There are already many discussions spread out in this forum that discussing the harm or risk of meme coins. That should be a warning for all members to not trying to invest in meme coins. But for those who are always greedy and think instant profits, they may buy meme coins.

ziyaaa

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He indicated that he owned DOGE yesterday in the live event with Jack Dorsey. He said it like he of course made an investment into DOGE. These statements can be really enough for affecting the price a little but not too much. I wonder what he will do when he loses his influence on the price completely. Then, he will be no different than a regular investor as his words won't be affective at all.

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Does it mean that the power of Elon Musk still is great here? Ahaha
we know that many followers and fans of Elon still believe in whatever he says and the media is always making it big. That will always give influence to the coin or token that he tweets.
As it happens to Dogecoin where several times getting tweets from him and it becomes a big hype, pump so high only in a short time.

Bitcoinjheta

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I think 7% is quite exaggerating. We should consider the increase of bitcoin at a time since elon musk is just going with the flow. Most people are not easily fooled anymore by his tweet that he is the one contributing to the market but its way of lossing funds out of it.

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Quote from: leetcoiner on July 12, 2021, 05:01:23 PM

All the same, people begin to think with their own heads and are less and less led by this kind of hype. And this is good, there will be less losses for unknown reasons.

It seems like that people are using their brain. So many people didn't wanna to buy the shitty coin again after the dump that happened with bitcoin. Musk was focusing with bitcoin now and it looks like doge gets abandoned again. Bitcoin was the real coin and people must leave the shitty pump and dump meme coins.

leetcoiner

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Quote from: leetcoiner on July 12, 2021, 05:01:23 PM

I like that Elon Musk's tweets no longer have the same impact on the market as they did before.
All the same, people begin to think with their own heads and are less and less led by this kind of hype. And this is good, there will be less losses for unknown reasons.

Investors saw how this kind of hype will result in a lot of losses from newbie investors who just want to follow influencers on their decision to invest, it's not too late for Musk he can still redeem himself by getting informed and stop creating FUD on the market particularly on Bitcoin, he will have a meeting with Dorsey I hope he will redeem himself.

This is pretty revealing.
Investors seeing this should realize how risky it can be to invest in the wrong coin, like meme coins, the price of which can collapse overnight.

wxa7115

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Quote from: leetcoiner on July 12, 2021, 05:01:23 PM

I like that Elon Musk's tweets no longer have the same impact on the market as they did before.
All the same, people begin to think with their own heads and are less and less led by this kind of hype. And this is good, there will be less losses for unknown reasons.

What is interesting to know is why this is the case? If it is because of what you state and people are deciding to think on their own then this would be great as the level of influence of Elon Musk over this market will remain low for some time.

However if this is not the case and this has to do with the fact that the newbies that were part of the market lost all of that money, then the next time there is a bull run and we have more newbies in the market the influence of Elon Musk could make a comeback as those newbies will make the same mistakes as the current newbies, and despite our warnings they will not listen to us as we are a bunch of nobodies compared to Elon Musk.

leetcoiner

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I like that Elon Musk's tweets no longer have the same impact on the market as they did before.
All the same, people begin to think with their own heads and are less and less led by this kind of hype. And this is good, there will be less losses for unknown reasons.

pawanjain

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7% is like nothing in the crypto community. Although I know that the point is about how people start buying as soon as Elon makes a tweet, I think Elon is losing his influence over the crypto market.
Since the dump of bitcoin, many people started blaming him and criticizing him and this gave him a bad reputation in the crypto community.
Over a period of time I think people will start realizing their mistakes and then his influence will completely vanish from the crypto community.

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I'm confused why there are still many people who listen to what Elon has to say, because I think Elon is very inconsistent with what he says, his actions and words are very inappropriate.

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Quote from: ryzaadit on July 01, 2021, 04:07:52 PM

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.

Let's not judge the stuff yet. I am also one of the guy who lost huge money because of Elon's influence and obviously I loaded the bag of DOGE because of him at different entry points starting from lowest to highest price of DOGE.
I am still keeping the DOGE stash as it is, because: its huge quantity, and most importantly Elon's promise to launch the SpaceX shuttle with DOGE payment in first quarter of 2022. Now many people would say that it could be just hoax to pump the market when he was doing it early this year, but it can't be if it related to his dreams and billion dollar project. I am keeping it as a chance to grow OR else I am keeping it as my experience if nothing happens in 2022.

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Currently Elon's influence is very large especially on novice investors, and they think that Elon is the perfect person to follow so what Elon writes will create hype in the near future, but that will end if they have realized that they are only being played by Elon for the sake of its own profit, not purely to advance crypto.

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Quote from: pinoycash on July 02, 2021, 11:07:29 AM

~

Bah. Seems like another guy or like that neighbor next door that would just talk random things about Bitcoin.
It is his followers that are blind and continues to just get "hyped" by his tweets.
Doge was just like a simple meme, and it was never meant to be anything serious.

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Quote from: jatin729 on July 03, 2021, 12:50:16 AM

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.

indeed Elon's influence on the crypto market is still very much felt, and this causes anger for people who are harmed by what Elon did, but on the other hand for people who have the ability to read situations and manipulate Elon, he can benefit when he is able to determine when to enter and out of it, from myself I still don't dare to follow Elon's game because the shadow of the losses caused I still can't understand if it happens to me.

There is still some strong level of influence coming from Elon Musk but people need to understand that he only has the power they allow him to have over them, if people stop listening to him then he will be unable to move the markets with a few tweets, which is why his influence has diminished greatly as he has being identified as a market manipulator.

But enough people are still following his every word because they want to obtain profits, things got so bad that at some point someone decided to make a bot which traded based on the tweets of Elon Musk, which means that most likely the influence he has over this market is going to remain for a long time.

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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.

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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.

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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.

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.

Similificator

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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.

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Quote from: pinoycash on July 02, 2021, 11:07:29 AM

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.

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He's losing he's influence and it's good. People are tired of his manipulations and more people are starting to understand this.

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Quote from: sapnu on July 02, 2021, 11:46:07 AM

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.

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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.

sapnu

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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.

pinoycash

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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.

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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.

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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.

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

~

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.

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Quote from: jeungo on July 01, 2021, 04:25:21 PM

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.

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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.

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.

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Quote from: sulis sudibyo on July 01, 2021, 11:11:23 PM

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.

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.

OcTradism

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Quote from: ryzaadit on July 01, 2021, 04:07:52 PM

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.

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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.

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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.

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.

bluebit25

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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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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.

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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.

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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.

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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?

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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

hero member

Activity: 2870

Merit: 594

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

hero member

Activity: 3066

Merit: 577

Leading Crypto Sports Betting & Casino Platform

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

full member

Activity: 700

Merit: 100

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

legendary

Activity: 2450

Merit: 1225

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

hero member

Activity: 1834

Merit: 879

Rollbit.com ⚔️Crypto Futures

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% (Read 486 times)