If Musk doesn't tweet Dogecoin, can it still soar? - page 15.

MUG1WARA

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Quote from: Iyanu14 on April 27, 2021, 05:48:41 AM

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？

Without tweets from Elon Musk, dogecoin will just the regular stable coin as we knew it to be back then, but since Elon Musk started tweeting about it people who follow him just buy it thinking its a financial advise, and looking at his twitter profile he has millions of followers, millions of people who are ready to follow his advice, I'm not sure dogecoin will be where it is without tweets from Elon Musk, and I only know only one doge which is dogecoin itself.

agg2702

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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

imstillthebest

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if doge coin doesnt have a team why it was created .
doge coin is an old coin and creating coins before are not easy as creating a coin today and if dogecoin has a core technology that will be for payment use and not as a meme or meme coin because that wasnt serious and if you ask if will there be a next dogecoin ,
no there is only one original doge coin but the rest are only copy cats and wants easy fame .

Vishnu.Reang

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Quote from: Memminger on April 28, 2021, 07:50:20 AM

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.

When did Musk tweeted about Dogecoin? If I am not wrong, it happened a few months back. However the rally in Dogecoin exchange rates started much before that. But there is no doubt that whenever Elon mentions about this shitcoin, it goes crazy. One reason is that the liquidity is very low when compared to the other shitcoins, and therefore it is relatively easy to manipulate this coin. For my part, I am not very comfortable in watching Dogecoin replacing a technologically sound cryptocurrency such as Cardano from the no.6 spot. It may be a temporary phenomenon, but this shitcoin is doing a lot of damage to the entire cryptocurrency ecosystem.

Memminger

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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.

cheezcarls

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In my own opinion, if Elon Musk didn’t tweet Dogecoin, I am pretty sure that DOGE won’t get pumped like what it did today. DOGE has no real use case, it’s just a funny meme coin that was hyped by Elon himself. My beautiful cousin was just lucky buying DOGE when it was still like $0.05 or something, but for sure it will make another downfall in the long run after this hype by Elon is over.

wiss19

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Quote from: Banulit on April 28, 2021, 07:19:24 AM

the reality on why dogecoin is getting a massive pump is only just because of the influential shiller such as Elon Musk that creates hype and FOMOs but if these influencers did not shill dogecoin it will definitely just be a meme coin with a lesser value.

Yes you are right. I'm just wondering how long these influences will keep such coins to stay at higher price levels. Definitely they cannot. They are not pumping for the benefit of those coins to have higher values but only for the reason of making some money out of those coins. So, after some point of time they will definitely start booking profits and then all other naive investors will get tabbed in-between.

I agree that dogecoin will go dumping if Elon Must completely stops tweeting about it but I'm not seeing he's going to stop at any near future.

Banulit

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Quote from: Iyanu14 on April 27, 2021, 05:48:41 AM

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？

Well the reality on why dogecoin is getting a massive pump is only just because of the influential shiller such as Elon Musk that creates hype and FOMOs but if these influencers did not shill dogecoin it will definitely just be a meme coin with a lesser value.

aprilnot

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elon gives a big influence to the doge, without him the doge will not be able to bounce. without elon musk, doge is just like any other worthless coin. Nobody wants to invest in a coin like this, but Elon is like the ambassador of Doge, he gives his followers a sense of trust. that's why Doge became so popular this year.

matchi2011

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Quote from: TastyChillySauce00 on April 28, 2021, 04:24:59 AM

I doubt that, even in 2019 more specifically in march some rumour going around regarding dogecoin being abandoned by the developer and less developing progress means the coin isn't worth as much, if doge didn't steal elon's attention due to its branding and because it's a meme coin it will hardly get this far but regardless doge still gonna be a popular coin despite all of that.
It's just the coin might slowly being abandoned by the community as well like other old coins that aren't really getting that much attention nowadays.

Elon Musk take the driver sit and now manipulating the direction of this coin, everything now is behind his control
each time he say something the people who follow this are moving.

The thing here, you need to have a good spare money and have a big nerve to follow this project, if you are a risk
taker you can wait and see if this coin will bring you the profits that you are aiming.

Dharmmie

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Musk tweet again, next will be Dogira? Grin

Shallow

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It is not news that one of the thing that highly drives the market is hype which comes from attention; that is, most projects today might be struggling but once a prominent fellow or promoter backs it up and promote or tweet something about it, the project will start pumping, this is actually the reason why most project team now goes hugely into marketing to make sure their project grows while getting a lot of attention and new investors. This is just the case with Doge, once a good tweet is made it starts pumping even though it lacks core technology and so on. About others like Shiba, they are just banking on the hype generated by Doge and in as much as Doge will pump, others in the same category will follow suit and if Doge dumps, same for them as well.

bayudndy

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I see not only coin doge that benefits when Elon Musk tweets good status to it, but a lot of new projects running after it and also growth that I think is really terrible. I've just seen more Dogelon Mars, and I think it's going to be pumped insanely soon, too, to be honest I can't understand why people can push the prices of these rubbish so high, honestly That being said, I think people are going to skip projects like this and focus on the legal stuff in this market.

finaleshot2016

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There are numerous proofs that any time Elon tweets, the price of Doge changes, and those who are notified of his tweets make money. Consider, for example, this tweet from Elon Musk: https://twitter.com/elonmusk/status/1387290679794089986

After he tweeted that, a price change happened in Dogecoin. It's about 20% in just a couple of minutes and imagine if they've started a position to buy long like x75, it's a huge profit already. There's a chance that Dogecoin can hit another ATH without Elon's help because it will always be up to us, the investors, to buy it. Nothing will happen if we simply use the pump and dump scheme to react to any Elon tweet.

Given that Dogecoin is currently trending and has no utility, what we need is buying power to pump this coin. Unfortunately, this is currently unlikely due to whales profiting from Dogecoin because of Elon's shilling towards it. Angry

TastyChillySauce00

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I doubt that, even in 2019 more specifically in march some rumour going around regarding dogecoin being abandoned by the developer and less developing progress means the coin isn't worth as much, if doge didn't steal elon's attention due to its branding and because it's a meme coin it will hardly get this far but regardless doge still gonna be a popular coin despite all of that.
It's just the coin might slowly being abandoned by the community as well like other old coins that aren't really getting that much attention nowadays.

Adreman23

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I don't think the price of dogecoin would pumped if elon musk hadn't tweeted about doge. People only had interest because the tweet came from an influential and rich person but if the tweet came from only ordinary people, it would be ignored. Many speculate, they think that the price of dogecoin will increase too much so they buy it.

ice18

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NO of course no one will gamble in Dogecoin if not from Elon Musk tweet the good thing about his tweets are many people got interested in crypto the adoption is coming because of Dogecoin and Elon so its like a good advertisement to millions of his followers about cryptocurrency new people wants to enter crypto because of his tweets about Doge.

Fivestar4everMVP

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Quote from: Iyanu14 on April 27, 2021, 05:48:41 AM

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？

Well, a few point to correct here, dogecoin does have a team, just that the team aren't actively developing the project, they are really serious with it the way a normal crypto project team should, infact, a few days ago, I read some news on Twitter announcing the death of one of dogecoin's core developers, a lady who goes by the name sporklin, the full tweet can be found HERE, so dogecoin does have a team if you research well.

And on whether dogecoin is the only unique dogecoin, yes, absolutely, all others are nothing but copy cats, just like several developers have come out to name their coin after bitcoin, but in reality, this coins are never going to be bitcoin, they are nothing but fake.
And whether dogecoin will continue to increase in value without Elon musk, I think NO, yes, dogecoin doesn't not have any strong technological ideas backing its growth except for the shills from Elon, if Elon should stop tweeting about dogecoin and start tweeting about some other coin, people will sell off their dogecoin to invest in that other coin, dogecoin will completely return back to almost zero, that's what I feel.

Gozie51

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Quote from: kodtycoon on April 28, 2021, 03:30:39 AM

So yes, coupled with these tweets, of course it really has a big impact.

The tweet from Elon musk may not be active to dogecoin as it is not positive as such to keep the fire of dogecoin. Nevertheless, dogecoin has been around along time, fees for bitcoin and Ethereum is high and many altccoins have also risen from this fact. It is an advantage that has moved in the direction of dogecoin and is riding straight to it, we have to keep enjoying the bull.

wajik-tempe

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Dogecoin is unique because it's a joke coin and the price was so cheap back then, people use it for daily crypto transaction due to low fees.
I think people are creating many jokes coin right now and hoping some big influencer shout it just like doge.
Recent tweets from elon must about dogefather on SNL has been retweeted by much people. Will it become next pump, or a bull trap ? let's see

Topic: If Musk doesn't tweet Dogecoin, can it still soar? - page 15. (Read 3150 times)