If Musk doesn't tweet Dogecoin, can it still soar? - page 17.

hamba laeh

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Quote from: Iyanu14 on April 27, 2021, 06:48:41 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, Shibi, HOGE, who will be the next Dogecoin？

Or is there only only one unique Dogecoin？

In my opinion Dogecoin wouldn't be successful without Elon Musk, because elon musk is a big businessman and one of the richest men in the world So it's only natural that the tweets he makes are in the spotlight of investors at Dogecoin. because elon musk has a big influence in the world of business.

DU18

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Quote from: isaac_clarke22 on April 27, 2021, 03:32:25 PM

I haven't invested in Dogecoin just yet but from how it originated, I have mixed feelings that it could still be affected by Musk. If even people bought the coin when it was still a meme or joke coin, how about more if a known celebrity would joke about it or say something "hyped" to it.
For Bitcoin, it wasn't created the same way as Dogecoin so surely it can stand on its own.

now the elon musk factor is one of the strongest impulses of the increase in the price of Doge coin in the market, in my opinion this is quite a dangerous thing because Dogecoin does not have anything unique in their technology so far, and if later elon musk is tired of Dogecoin, of course this is the thing, this will make the price of Dogecoin fall very deep, so for those who buy Dogecoin at a high price because they believe Elon Musk will tweet again is sure to suffer a big loss, my advice is better to make Dogecoin a short-term trading asset, buy and sell when you have got the target profit.

adzino

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Quote from: Iyanu14 on April 27, 2021, 06:48:41 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, Shibi, HOGE, who will be the next Dogecoin？

Or is there only only one unique Dogecoin？

Doge coin needs no real reason for the price to get pumped. A group of people decides to pump it, everyone will follow and do the same. The coin only needs to be "hyped" a little for it to get pumped. So if Elon doesn't tweet, someone else eventually will create a hype. This is how the coin has been forever. It gets pumped when anyone hypes it. The pump is short lived and gets dumped really quick. Don't forget, it's a "Meme" coin with no actual use case. People use it for the lulz.
Not sure what you mean by succeed. Do you think the price is the only factor that shows if a coin "succeeded" or not?

isaac_clarke22

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I haven't invested in Dogecoin just yet but from how it originated, I have mixed feelings that it could still be affected by Musk. If even people bought the coin when it was still a meme or joke coin, how about more if a known celebrity would joke about it or say something "hyped" to it.
For Bitcoin, it wasn't created the same way as Dogecoin so surely it can stand on its own.

Review Master

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Quote from: Iyanu14 on April 27, 2021, 06:48:41 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, Shibi, HOGE, who will be the next Dogecoin？

Or is there only only one unique Dogecoin？

Team started Dogecoin as a meme coin or a joke to crypto-currency. But many crypto users take it seariously and influencers continuously making post of dogecoin to be at $1. In the meantime, Elon also started to tweet about it which get the attention from non-crypto users and people get into fomo to buy it more. So, it's just an hype and don't get into this if anyone don't want to get rekt. BTW, all other alts which is mentioned, are same like shitcoins as those coims are pumping because of the hype and others think that those will be pumped like dogecoin. But reality isn't like that and soon hodlers of those will be rekt when this hype will be gone with the current bull market, IMHO.

Jocuserious

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It may not have been possible for him alone, but based on his tweets, a lot of investors have grown up inside dogecoin and almost everyone has invested in getting it. Since he is at the top of the list of rich people and many will follow him and use his practice, so the role of elon musk in increasing the value of dogecoin is a lot. Having a strong investor is essential for a project and developed partnership then a token can capture the big market.

Imran232

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Well i don't think soo now dogecoin needs elon mask. Because elon already made a trend and something becomes a trend they don't need promotion again. Well thats true when trend finish project got affected little but we have to admit that dogecoin already attract the whole crypto market and whole crypto investors. Dogecoin achieve their trust and made them fall in love with doge. And doge already spoted a rank on coinmarketcap which already a altime best promotion for all time so i don't think soo that dogecoin needs elon mask tweet to roar again. Well that's might get a little push when elon tweet again about doge we must admit it.

mulia sabee

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It's possible that if Elon Musk doesn't campaign anymore then the Dogecoin price will stagnate and won't be as volatile as usual. I think the increase in the price of Dogecoin is solely due to the hard work of Elon Musk and the investors that Elon Musk has invited. Elon Musk is a very influential person in increasing the price of Dogecoin

MishaSER

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Quote from: cryptobull27 on April 27, 2021, 07:03:52 AM

I don't know why people are so interested in trolls, there are some coins and tokens which are now being used by big institutions for use in real world. So many undervalued coins. I feel doge is literally eating the space of other good coins and it will eventually be corrected one day for sure.

This is the harsh truth of life, our world is very multifaceted and there are many opinions and everyone has the right to this, and money is the main catalyst for movement. Therefore, there will be projects like Doge.

irsykes

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Quote from: Iyanu14 on April 27, 2021, 06:48:41 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, Shibi, HOGE, who will be the next Dogecoin？

Or is there only only one unique Dogecoin？

I think yes, some big groups maybe use it as a chance to pump dogecoin, and then people who see dogecoin pumped will buy it too. It make chain effect for dogecoin price itself and usually it happen when good or bad news come it will affects on crypto.

repear7

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I believe doge can come here for elon musk. I think elon musk will continue his tweeting before doge becoming more decentralized. But, If elon musk stop twitting doge, then i think doge will nlbe survive as well.

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Quote from: cryptobull27 on April 27, 2021, 07:03:52 AM

I don't know why people are so interested in trolls, there are some coins and tokens which are now being used by big institutions for use in real world. So many undervalued coins. I feel doge is literally eating the space of other good coins and it will eventually be corrected one day for sure.

I agree with you, because investing in Dogecoin for now is very risky (the price has risen very high and there is a possibility that the price will be corrected), therefore I would rather recommend you to invest in a project that already has a product, because the risk is smaller than investing in Dogecoin at this time and cryptocurrency that I recommend for you to invest is :
1. BNB
2. CTSI
3. XTZ
4. DOT
5. UNI

Jackl87

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Quote from: Iyanu14 on April 27, 2021, 06:48:41 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, Shibi, HOGE, who will be the next Dogecoin？

Or is there only only one unique Dogecoin？

I think dogecoin needed that public attention that came form the musk tweets back then. Now that Doge is already on the radar of everyone inside the crypto space and even of a lot of people who are not involved in cryptos yet i don't think that Doge needs constant tweets from famous people to remain at the current price lvl or to even rise in price again.
To you second point: I believe that there is only one Dogecoin out there and i was kinda irritated that people really bought all those clones like shiba, akita, husky and so on. Shiba has still a large trading volume but the other ones are pretty much gone again already. Elon is trending today on dextools though. Roll Eyes

xianbits

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That would be so hard for Doge to go up if no one as big as Elon Musk has tweeted something about that. For so long, it was considered a joke coin and a shitcoin and without Musk, I believe it's still like that.

masterrex

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Quote from: Iyanu14 on April 27, 2021, 06:48:41 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, Shibi, HOGE, who will be the next Dogecoin？

Or is there only only one unique Dogecoin？

IMHO, I believe Elon's Musk tweet has also a contributing factor to all meme coin pump, Because we all know how influential he is, and the crypto market is also working this way meaning it can easily react to any information whether it's bad or good and because Elon Musk is a successful Businessman many investors mostly risk-takers have to considered it as an advice and willing to gamble in the name of profit, just because it was came from one of the worlds richest person. But it is just my opinion and I'm not sure about it.

Stanlo

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Dogecoin can 10x on its own judging from its performance in 2017-2018 but not to this extent, Elon musk chilling doge will surely brings in more buyers and even the bigger whales

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Quote from: Iyanu14 on April 27, 2021, 06:48:41 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, Shibi, HOGE, who will be the next Dogecoin？

Or is there only only one unique Dogecoin？

I believe Elon Musk just triggered the dogecoin markets and it may grow from here onward on its own because I do see lots of people started using dogecoins for their everyday transactions due to its low fee nature. This will kind of spread out everywhere like how bitcoin and other coins are doing right now.

I believe another coin imitating animals or dog meme in particular may not be successful like how doogecoin has done in recent times. It would be safer if we are not at all considering any of them for investment purposes.

bekti3

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That's where DogeCoin's weakness is as one of the coins that wouldn't have grown this great without Musk. maybe the price will not be this expensive, the services of an Elon for DogeCoin are very large. and we saw what DogeCoin would be like without Elon ?. remains a coin that has a narrow space.

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Quote from: Iyanu14 on April 27, 2021, 06:48:41 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, Shibi, HOGE, who will be the next Dogecoin？

Or is there only only one unique Dogecoin？

No it will never happen, Dogecoin wouldn't be the way it is today without elon musk sensational tweet. I've been paying attention to Dogecoin for a long time, since it was first created, Dogecoin is always running in place, maybe because Dogecoin was created just as a joke to mock the sensation of cryptocurrency and bitcoin that was growing at that time, so that investors are not interested in investing there.
But after Elon Musk tweet about Dogecoin, suddenly investor eyes are on Dogecoin, and they are competing to buy as many Dogecoin as possible so as to make the price of Dogecoin soars in a very short time.

meldrio1

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It's just because of Elon Musk why the doge went pump, Elon is always promoting doge you know but if Elon Musk is stop tweeting about dogecoin, I believe the price of doge will still increasing but slowly because many people still believe that dogecoin is a good investment.

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