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Topic: If Musk doesn't tweet Dogecoin, can it still soar? - page 14. (Read 3150 times)

legendary
Activity: 1946
Merit: 1026
In Search of Incredible
Without Elon Musk, Doge would be nothing. Doge has a large aggregate supply, it is not hierarchical and there are some people who hold too many Doge. That's the big downside threat I'm aware of. Doge's value is being manipulated, and I think it will soon be trampled when Bitcoin falls sharply.
People are investing in dogecoin being carried away of Elon Musk tweet. That's true, the price is manipulated, Elon Musk shilled a lot for dogecoin and he is doing it continuously too. In recent days, dogecoin price surge nicely while other crypto was going through a notable price correction. I don't think investors of doge have the plan to hold their coin for long term. Doge price has higher chance to fall sharply and it will happen if big whales stop shilling for doge.
sr. member
Activity: 2030
Merit: 269
Dogecoin is a coin without team and core technology, but Musk made it appear in the general public. Many people who are not cryptocurrency traders are buying Dogecoin, just like buying BTC. Why does it succeed? Is it just because of Musk? Dogira, Shiba, HOGE, who will be the next Dogecoin?

Or is there only only one unique Dogecoin?

If he will not mention Dogecoin again positive or negative I don't think it will soar again, there's no innovation on Dogecoin that investors will buy and hold, there are a lot of better coins in the market that deserves attention and Elon Musk's motives is to enrich himself and make money.

If there's no tweet for two months it will go back to its old price, and investors will likely dump it.
sr. member
Activity: 1624
Merit: 341
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Dogecoin is a coin without team and core technology, but Musk made it appear in the general public. Many people who are not cryptocurrency traders are buying Dogecoin, just like buying BTC. Why does it succeed? Is it just because of Musk? Dogira, Shiba, HOGE, who will be the next Dogecoin?

Or is there only only one unique Dogecoin?

I'm not sure if elon musk didn't tweet Dogecoin would be so high as it is today. because elon musk has a large connection and community in every business. So after Elon Musk tweeted about Dogecoin, it was certain that many people were affected by it.
every elon musk tweet's about doge always have significant effect to doge price. crypto market need influencer from big entepreneur such elon , crypto investors be more comfortable if people like him talking about coin. and elon musk did it , so market give positive respon . fortunately doge have it, from price history its pumped alot since elon continuesly talking.
full member
Activity: 756
Merit: 111
cro.baby
Dogecoin is a coin without team and core technology, but Musk made it appear in the general public. Many people who are not cryptocurrency traders are buying Dogecoin, just like buying BTC. Why does it succeed? Is it just because of Musk? Dogira, Shiba, HOGE, who will be the next Dogecoin?

Or is there only only one unique Dogecoin?

I'm not sure if elon musk didn't tweet Dogecoin would be so high as it is today. because elon musk has a large connection and community in every business. So after Elon Musk tweeted about Dogecoin, it was certain that many people were affected by it.
member
Activity: 518
Merit: 13
Dogecoin is a coin without team and core technology, but Musk made it appear in the general public. Many people who are not cryptocurrency traders are buying Dogecoin, just like buying BTC. Why does it succeed? Is it just because of Musk? Dogira, Shiba, HOGE, who will be the next Dogecoin?

Or is there only only one unique Dogecoin?

First of all, it is a mock cryptocurrency that its inventors said they had no big purpose when they first released it to the market. But suddenly and interestingly, Elon Musk started having an interest in it. And he also has started tweeting about DOGE a lot. As a result, it caused the price to go to the moon. So we can say that DOGE reached great levels thanks to his manipulative actions. And if it weren't for his doings, I think DOGE wouldn't still soar this much.
legendary
Activity: 3276
Merit: 1029
Leading Crypto Sports Betting & Casino Platform
For me if Elon Musk didn't tweet about it people would just ignore it.
I think it gotten that high because of his followers not just in crypto but also his non-cryptocurrency followers bought it.
He got a massive amount of followers not just on crypto currency so maybe those non crypto people also bought Doge because of his words.

If elon musk was not tweeting about doge and the price of doge is quite stagnant or it even goes down again to the bottom. Elon has a very big impact on the doge price.
Elon makes a bunch of people bought doge coin at the same time.
We can't deny that the impact that already brought by elon to the doge is so big. Doge needs elon to be pumped by the whales.
hero member
Activity: 2716
Merit: 552
Well, Dogecoin has been successful even before Elon Musk twitted about it.  Dogecoin land on one of top list in CMC despite of being just a meme coin.
Now, the Musk tweet surely helped Dogecoin to soar even higher.
So, to answer your question in the title,
Quote
Re: If Musk doesn't tweet Dogecoin, can it still soar?
Yes, It can still soar, but not as much as what we have today after the Elon Musk tweet. I mean he is a good influence to whatever he says people probably will follow.
legendary
Activity: 2492
Merit: 1145
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Dogecoin is a coin without team and core technology, but Musk made it appear in the general public. Many people who are not cryptocurrency traders are buying Dogecoin, just like buying BTC. Why does it succeed? Is it just because of Musk? Dogira, Shiba, HOGE, who will be the next Dogecoin?

Or is there only only one unique Dogecoin?

In my opinion, Elon Musk tweeted for Dogecoin was the best campaign for dogecoin. It absolutely makes a lot of people wants to invest on dogecoin, also if we take a look deeper, I think there will be a positive point inside dogecoin that made Musk wanna tweet about it.
Elon Must just repeatedly tweet it for the sake of the meme. Elon surely gains profit from his tweets about dogecoin. People just want to invest in dogecoin because of the hype that can make them earn a handful of profit. The only positive thing I see on dogecoin is Elons tweets  Tongue
legendary
Activity: 3766
Merit: 1217
Without Elon Musk, Doge would be nothing. Doge has a large aggregate supply, it is not hierarchical and there are some people who hold too many Doge. That's the big downside threat I'm aware of. Doge's value is being manipulated, and I think it will soon be trampled when Bitcoin falls sharply.

It's not just Elon Musk. Obviously Elon's tweets might have caused pumps on multiple occasions, but there are other whales who are manipulating the prices. And it is quite easy to manipulate this coin, because of its limited liquidity. A few big investors who accumulated Doge during the bearish phases of 2018-19 are now trying to profit out from this coin. But I have no doubt that if the market crashes sometime in the near future, then Dogecoin will be almost worthless.
hero member
Activity: 2926
Merit: 640
Without Elon Musk, Doge would be nothing. Doge has a large aggregate supply, it is not hierarchical and there are some people who hold too many Doge. That's the big downside threat I'm aware of. Doge's value is being manipulated, and I think it will soon be trampled when Bitcoin falls sharply.
Yeah I am also having similar kind of opinion because if Elon Musk hasn't started talking about dogecoins then it might be trading below 20 satoshi right now and most people might have forgot it in the era of defi and NFT. So, if there was no support Elon Musk then probably dogecoins might have got delisted from most of exchanges as well.

Honestly I could not find any practical reason for Elon Musk to back up some old and almost dead coin. Probably he might have invested some big money some years back.
sr. member
Activity: 2520
Merit: 280
Hire Bitcointalk Camp. Manager @ r7promotions.com
Doge coin was one of the oldest cryptocurrency so it is having its own community before the Musk or other rich people take part into it, while the recent hike surely made due to the Elon musk where is no doubt in it but after these kind of surging just because of someone's influence it can be a danger to the Doge itself in the long term.
as long as their biggest holder does not release the assets they have in large numbers directly it will not be too dangerous.
because indeed the risk for investing in crypto is the ease with which the market is started by the largest asset holder.
as happened to Dogecoin. because you can see how a large number of Dogecoin holders are not just one or two people. they are old people who have put their faith in Dogecoin. they may also have been part of the Dogecoin mining past.
But the coin is now getting diversified means new people are coming in that is the great thing can happen for a cryptocurrency but when its getting manipulated surely it will change their interest in long term.
full member
Activity: 504
Merit: 102
CLEARSIGHT- THE #1 BLOCKCHAIN JOB PLATFORM
Without Elon Musk, Doge would be nothing. Doge has a large aggregate supply, it is not hierarchical and there are some people who hold too many Doge. That's the big downside threat I'm aware of. Doge's value is being manipulated, and I think it will soon be trampled when Bitcoin falls sharply.
hero member
Activity: 1484
Merit: 500
Across The Universe
Doge coin was one of the oldest cryptocurrency so it is having its own community before the Musk or other rich people take part into it, while the recent hike surely made due to the Elon musk where is no doubt in it but after these kind of surging just because of someone's influence it can be a danger to the Doge itself in the long term.
I remember back then when I got a few million of Dogecoin from my friend and I used these coin to play Dice Grin I never tought doge can hit the current price. But i agree with you, these coin is so overated and this hype it's not good for newbies crypto.
hero member
Activity: 1498
Merit: 586
I dont think so. because we can see that from the beginning many people thought this doge was a joke. But everything changed when a billionaire who in this case we all know, namely Elon Musk made a tweet which I can say was very shocking because with just one tweet at that time Doge immediately sped away, I felt like I would finish but Elon again made a tweet and along with the tweet, doge until today the price has shot the most, the origin of the meme coin is now starting to be discussed.
But if at that time Elon didn't make a big splash with his tweets I don't think Doge would be what it is today

Doge was already a token, a cryptocurrency before Elon Musk came into picture and shill it on his tweets. However, can't deny that Elon Musk did a huge part to introduce Dogecoin into the community and make a spot on the market.
 So technically as of the moment, I do believe that the large part of soaring of Doge was mostly because of Elon Musk. If it isn't about him, I don't think so where Doge was in the market now.
sr. member
Activity: 938
Merit: 250
The First Idle Defense Blockchain Game
Doge coin was one of the oldest cryptocurrency so it is having its own community before the Musk or other rich people take part into it, while the recent hike surely made due to the Elon musk where is no doubt in it but after these kind of surging just because of someone's influence it can be a danger to the Doge itself in the long term.
as long as their biggest holder does not release the assets they have in large numbers directly it will not be too dangerous.
because indeed the risk for investing in crypto is the ease with which the market is started by the largest asset holder.
as happened to Dogecoin. because you can see how a large number of Dogecoin holders are not just one or two people. they are old people who have put their faith in Dogecoin. they may also have been part of the Dogecoin mining past.
legendary
Activity: 1974
Merit: 2124
Dogecoin is a coin without team and core technology, but Musk made it appear in the general public. Many people who are not cryptocurrency traders are buying Dogecoin, just like buying BTC. Why does it succeed? Is it just because of Musk? Dogira, Shiba, HOGE, who will be the next Dogecoin?

Or is there only only one unique Dogecoin?
Elon Musk has become father of Dogecoin through his tweets and pumping of doge prices to very high levels.He tweets on regular intervals about doge or Bitcoin but he is one of the big whales in crypto market and he tries to manipulate the market just with his tweets.He has pumped doge 85x in just 3-4 months of time span.But the main fool are people who are investing their money in Dogecoin in hope of getting high profits in short period of time.Many are hoping that it will hit $1 soon and some other irrelevant assumptions but doge is now down again with temporary pumps.I just came across one of these post and was surprised to see it:


People are ready to risk their life savings into coin which is manipulated by Rich infulencer who is trying to gain profits at others loss.Don't blindly follow what these social media feeds and tweets suggest you to do in this highly volatile market and be your own king.
sr. member
Activity: 2520
Merit: 280
Hire Bitcointalk Camp. Manager @ r7promotions.com
Doge coin was one of the oldest cryptocurrency so it is having its own community before the Musk or other rich people take part into it, while the recent hike surely made due to the Elon musk where is no doubt in it but after these kind of surging just because of someone's influence it can be a danger to the Doge itself in the long term.
hero member
Activity: 1526
Merit: 501
DGbet.fun - Crypto Sportsbook
For me if Elon Musk didn't tweet about it people would just ignore it.
I think it gotten that high because of his followers not just in crypto but also his non-cryptocurrency followers bought it.
He got a massive amount of followers not just on crypto currency so maybe those non crypto people also bought Doge because of his words.
The community will not ignore it because dogecoin is also a close friend of bitcoin, it also has a certain reputation and use purpose, users will still care and invest, dogecoin will also have the usual pumps every year, this scenario runs through each year and very little changes. This year received even more luck when the value of dogecoin started to work and immediately Elon Musk gave enthusiastic support, such a spike is more staggering than every year but this also creates mixed opinions and has a significant effect on the reputation of dogecoin
sr. member
Activity: 1638
Merit: 251
Hexhash.xyz
Dogecoin is a coin without team and core technology, but Musk made it appear in the general public. Many people who are not cryptocurrency traders are buying Dogecoin, just like buying BTC. Why does it succeed? Is it just because of Musk? Dogira, Shiba, HOGE, who will be the next Dogecoin?

Or is there only only one unique Dogecoin?

Indeed, i think Dogecoin wouldn't sky rocketing if Elon Musk wasn't tweeting about it.
When we know a big person coming to crypto, we tend to follow them and this will make crypto more valuable, Doge coin in this case.
I don't know what is the next dogecoin, there are many animal coins and tokens popping out since the Doge hype.
sr. member
Activity: 1554
Merit: 260
DOGE is a much loved coin by the crypto community and is sure to be for a very long time. Probably its price would increase with the bull run on the entire cryptocurrency market. However, what certain is that if Elon Musk had not tweeted about DOGE, its price would never be at the level that is now.
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