If Musk doesn't tweet Dogecoin, can it still soar? - page 8.

Botnake

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Quote from: MishaSER on May 11, 2021, 07:09:22 AM

You probably know that Elon Musk published a survey about the possibility of buying Tesla for Dogecoin. And he also said that he would build a Rocket named DOGE-1. Do you think this news will prevent Dogecoin from dumping?)

how big was DOGE really? will that news if realize will result in massive adoption? I don't think so, not everyone can afford to buy Tesla or invest in his company, this is just one of the payment methods for the company, they can add bitcoin, and other altcoins and still would not result in a big adoption.

The thing is, we are just thinking too much, we like to follow the hype that's why we failed to realize the real effect on his statement.

MishaSER

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You probably know that Elon Musk published a survey about the possibility of buying Tesla for Dogecoin. And he also said that he would build a Rocket named DOGE-1. Do you think this news will prevent Dogecoin from dumping?)

xSkylarx

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Dogecoin has only become a trend because of Elon, it won't soar that much this year if it wasn't for him. Dogecoin has no real project and has unlimited amount of supply so one got really interested buying it until he starts tweeting about it. I don't know if it will continue to soar and achieve their speculated price of 1$ but one thing is certain, it is very risky to jump on the hype on the hype now. It is very volatile that its price can pump or dump quickly depending on what Elon do or tweets.

Orange89

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Yes it can't pump if musk doesn't Tweet about the dogecoin(a coin without a owner) the highest price touched was about 0.7$ but after sometime it had came back to 0.40$ but still i must say it definitely give pump in dogecoin but that 1$ target is still unreachable in such a hype condition newbie enter the market i think it is none other than hype it will be goes down eventually because coin had no purpose

xianbits

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Quote from: conected on May 09, 2021, 12:55:43 PM

Quote from: xianbits on May 09, 2021, 11:37:34 AM

Quote from: virtualdn on May 08, 2021, 06:56:53 AM

Yes it can soar right down in the hole. This guy must pump Dogecoin for a long time else he will get a lot of hate from the one's losing money and that's not good. A master manipulator if you ask me.

Today when the price went down to almost 0.40$, people keep on tagging Elon to "save them" from misery of losing. I can't imagine how many hate messages will this man get when this price dump continues to go deeper.
Let's see if Elon will tweet in the coming days.

- Presumably Elon Musk won't post any further information about dogecoin in the coming days, he has had enough of what he needs in this war and he has also completed the duty of an influencer, dogecoin has moved on an existing roadmap and what Elon Musk expected is now just a familiar scenario of the past, no doubt that too many people have been fooled into these tweets. Continuing to scream and protest, even calling on Elon Musk's name will not have any key effect, accepting the pursuit of the game must know that will result like that.

I believe he will continue on his tweets because there are still a large number of his believers who were trapped by the sudden dump, that are waiting for that Holy Tweet. I just hope these people can "exit the market" on Elon's next tweet.

ElmedoRator

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I think the influence from ELon on this coin is too great, not only doge coin but the whole market is also being influenced by such influencers. I don't think how much a doge costs at this point doesn't matter much.

TelolettOm

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I agree that if Elon Musk had not tweeted about his doge the rise would not be what it is today. because Elon Musk who continues to support Doge and many other crypto influencers who are also Fomo doge make it rise as it is now. The media also plays a role in conveying information so that many new investors are interested in buying Dogecoin, Trading like this is high volatility and risk

Sithara007

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As far as I know, Dogecoin has hardly any real life usage. Even for payments, there are far more stores and outlets accepting altcoins such as Ethereum Classic, Litecoin and Bitcoin Cash compared to those which accept Dogecoin. On top of that, the high volatility and limited liquidity makes Dogecoin unsuitable for making payments. Apart from this, I don't think that Dogecoin has any other uses. So the spike is almost solely coming from the social media hype, triggered by celebrities such as Elon Musk.

muratsink

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Doge really need Elon Musk to make new tweet and keep promoting how to make Doge coin raise to higher price, without Elon Musk help maybe we never see Doge coin raise to higher price and not any chance to get profit with Doge coin. Still take time after last day Doge coin back to lower price and now have big chance back again to higher price.

Distinctin

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Quote from: v3liana on May 10, 2021, 05:31:06 PM

i think the price could still go up even though elon musk doesn't tweet about doge. Few days ago there are rumors that DOGE will be listed on the coinbase, if this is true the price of DOGE can go up so it might reach the new ATH.

yes, of course, it will move high as we are in the bullish season but I can't think having that huge pump if not Elon Musk who come and lifted it high. So I can say that Mr. Musk has a big influence on its pump and this will continue until he leaves Doge and crypto. This is saying how manipulation works but I believe many we're happy about this and they are not in regrets following what Elon Musk said.

Darktongue

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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？

You did a great job. who knows the future of shiba coins. From yesterday we have been seeing the real value of shiba coins. The next Dogecoin is now Shiba. Now the question is who is the next? Maybe we can follow here everyone post and research more. Dogecoin is always the top place, but without Elon Musk, this cap doesn't deserve "Dogecoin"

v3liana

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i think the price could still go up even though elon musk doesn't tweet about doge. Few days ago there are rumors that DOGE will be listed on the coinbase, if this is true the price of DOGE can go up so it might reach the new ATH.

Botnake

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Quote from: Gayong88 on May 10, 2021, 09:09:42 AM

In terms of growth in Doge Coins has been very good lately, support for the development of Doge coins has been a lot more than Elon Musk himself. As long as the musk support is there, it is certain that Doge will bounce quickly, but if the intensity of Elon's Tweet decreases, the intensity will certainly decrease, even though it is not significant.

The question is if Musk did not tweet, will DOGE soar? I guess it will not soar this high but given that we are in a bullish period, DOGE will also have this pump but the big factor of the success of DOGE this year is due to Elon Musk and none other. Unfortunately, this kind of success is just short-term and DOGE does not really have the fundamentals.

gurunanakji777

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Yes in my opinion Elon regular tweets about Doge helps Doge to reach this level because we all know Elon has a good market reputation, When he tweets about Doge most of the traders start buying Doge and the result is all we know and even one can not imagine Doge reach to this level anyways apart from this nowadays Shiba is also doing good and in a short time many investors invest in the Shiba and we can see Shiba also has huge community that supports Shiba. Let's see how Shiba will perform in the coming time.

Gayong88

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In terms of growth in Doge Coins has been very good lately, support for the development of Doge coins has been a lot more than Elon Musk himself. As long as the musk support is there, it is certain that Doge will bounce quickly, but if the intensity of Elon's Tweet decreases, the intensity will certainly decrease, even though it is not significant.

Renampun

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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？

I feel funny with the doge bull because Elon and I think the next one is Shibatoken...

Quote from: virtualdn on May 10, 2021, 07:38:09 AM

It won't grow without his support because it needs sustained pump from a major influencer.

Look at my thread here to see why I wouldn't invest $1 in Dogecoin: https://bitcointalksearch.org/topic/i-wouldnt-invest-1-in-dogecoin-and-here-are-10-reasons-why-5336465

Elon is the hero for the doge bullish, without the help of Elon's tweet we wouldn't have seen a doge go past $ 0.1 until now. lucky those who hodl doge since last year.

Beparanf

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Quote from: Miaallen on May 10, 2021, 07:53:56 AM

Just like you already know that DOGE COIN doesn't have uniqueness that makes it different from the other shit coins like SHIB that you mentioned. And the reason for them soaring in price at the moment is because Musk is aggressively tweeting about that. His personality is what people support not the DOGE. And one certain thing is that once Musk stops promoting it, it dies and gets back to where it originally belongs because of its no utilities.

Not only twitting but he personally holding huge amount of it before he shills it. Most probably he is still accumulating every he tweet about DOGE. Elon is a very clever investor as we can see on his 2 ambitious company. Everything that happening on Doge right now is planned by Elon and I'm that this price action is for long run. Maybe the devs will finally announce about the supply limit when Elon already finished accumulating.

adekogbe

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Speculation is one if the factors that contribute to the valuation of cryptocurrencies in the present market. Unlike the stock market, cryptocurrency markets lack a lot of fundamental factors to back the evaluation of price and for that reason a lot of speculation drives price up or down.
A tweet from Elon Musk about dogecoin for example has no direct impact on project itself, but it can impact how people see the project and that speculation will drive the price up

naira

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Quote from: Miaallen on May 10, 2021, 07:53:56 AM

Just like you already know that DOGE COIN doesn't have uniqueness that makes it different from the other shit coins like SHIB that you mentioned. And the reason for them soaring in price at the moment is because Musk is aggressively tweeting about that. His personality is what people support not the DOGE. And one certain thing is that once Musk stops promoting it, it dies and gets back to where it originally belongs because of its no utilities.

for now it is quite sure to take it off rather than trying a higher price, I personally try to put up a purchase at a lower price, so far I see the fomo that happened outside of Elon's tweet. this is totally real and doge is a meme coin that would be better off to take momentum just not for the long term if it were for me

virtualdn

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No it cannot, see my thread here where I explain everything about Dogecoin and why you shouldn't fail into this trap, be wise and invest your money accordingly.

https://bitcointalksearch.org/topic/i-wouldnt-invest-1-in-dogecoin-and-here-are-10-reasons-why-5336465

Topic: If Musk doesn't tweet Dogecoin, can it still soar? - page 8. (Read 3150 times)