Thoughts on Elon? - page 2. | Bitcointalksearch.org

plr

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Quote from: Kojo2808 on May 09, 2021, 07:28:41 AM

So the ‘big day’ for Doge on SNL has come an gone and it turns out that the so called positive announcement from Elon on Doge ends up being a mockery. I’d love to what people think his agenda was in turning the table on his supposed cheerleading of the coin.

It's down 19% now and if this continues we will see Dogecoin at its old price I don't think they can sustain this until the end of the year, Elon Musk will shift gear and choose a much better choice in the market, but he has proven that he has the power to turn gold something people are discarding, I should have hodl some of my coins if I knew that these things will happen.

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Quote from: JeffBrad12 on May 10, 2021, 08:55:00 PM

Quote from: nhaila on May 10, 2021, 06:32:19 PM

I always follow Elon musk announcement but recently followed his announcement I already lost 3000$ by investing dogecoin. When dogecoin pumped to the highest maximum peaks $0.74 then I invested on dogecoin and hopefully stored to get profits till $1 per price but today dogecoin $0.50 .

That gives you a very good knowledge never try to join in the coin that already got FOMO. The chance for you to lose your money is very big because you are entering at the highest price.
So many newbies got trapped by this pump. Know the market before trying to buy the coin. It's quite difficult for doge coin to recover again, This time doge is suffering a very big dump again due to the bitcoin bearish trend.
You should be patient with that and the recovery may happen next week.

I agree with you but the main difficulty is to guess if the price has already reached its top or if it has room to rise more than its current price. Nhaila was certainly convinced that DOGE didn't reach its peak but he was wrong unfortunately. I'm not sure DOGE will rise again to its ATH in the coming weeks, but I'm pretty convinced he will do it in the coming months.

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Quote from: nhaila on May 10, 2021, 06:32:19 PM

I always follow Elon musk announcement but recently followed his announcement I already lost 3000$ by investing dogecoin. When dogecoin pumped to the highest maximum peaks $0.74 then I invested on dogecoin and hopefully stored to get profits till $1 per price but today dogecoin $0.50 .

That gives you a very good knowledge never try to join in the coin that already got FOMO. The chance for you to lose your money is very big because you are entering at the highest price.
So many newbies got trapped by this pump. Know the market before trying to buy the coin. It's quite difficult for doge coin to recover again, This time doge is suffering a very big dump again due to the bitcoin bearish trend.
You should be patient with that and the recovery may happen next week.

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Quote from: ingiltere on May 10, 2021, 06:37:25 PM

Some people act like Elon Musk doesn't have a job other than shilling coins, especially DOGE. People need to remember that Elon Musk is a high profile entrepreneur and well deserved wealthy man, he's not an ordinary coin shilling profile on social media.
For what he did to humanity I adore his work, whether it's space program or electricity cars. He tries to make the world a better place, he's a visionary guy. I don't think he cares a regular joe that bought DOGE at the top. He already warned people. Don't put money you can't afford to lose in crypto currencies, ever.

He knows what he's doing for sure. But the problem is the people that are not ready on this market and following his tweets. People give meaning to whatever he is feeding on his social media, even for him, is just spur of the moment. Now, he can see his influence and what his simple tweet can do to the market. He will not reach his status if he doesn't know how to play the market. But people should be very careful in jumping the hype.

ingiltere

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Some people act like Elon Musk doesn't have a job other than shilling coins, especially DOGE. People need to remember that Elon Musk is a high profile entrepreneur and well deserved wealthy man, he's not an ordinary coin shilling profile on social media.
For what he did to humanity I adore his work, whether it's space program or electricity cars. He tries to make the world a better place, he's a visionary guy. I don't think he cares a regular joe that bought DOGE at the top. He already warned people. Don't put money you can't afford to lose in crypto currencies, ever.

nhaila

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I always follow Elon musk announcement but recently followed his announcement I already lost 3000$ by investing dogecoin. When dogecoin pumped to the highest maximum peaks $0.74 then I invested on dogecoin and hopefully stored to get profits till $1 per price but today dogecoin $0.50 .

Xcode7

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Quote from: JeffBrad12 on May 10, 2021, 09:30:16 AM

Quote from: Kojo2808 on May 09, 2021, 07:28:41 AM

I’d love to what people think his agenda was in turning the table on his supposed cheerleading of the coin.

he wants to increase his money and this must be his agenda and why? i suspect elon already bought lots of doge coins and in another case elon was also a part of big shiba inu holders. This guy was using the crap coin to run his pump and dump scheme. elon already learned a lot about the crypto market and he was using his power to give a very big impact on the meme coin. I do believe after doge and shiba, there will be another meme coin will be tweeting by him.
Elon was so happy playing at the same time fooling the newcomers to get involved on his manipulation.

I agree with you. elon plays so beautifully that he can surprise many people by giving support to Dogecoin capable of pumping to high, so to say almost touched $ 1 / coin. so that many ordinary investors or beginners are tempted to buy and invest in Dogecoin in the hope of getting extraordinary profits. But now that hope is starting to fade because Dogecoin has dumped significantly in the past few days, many novice investors have complained about it because of the losses it has experienced. but I still admit that Elon is a smart and great person.

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Quote from: virtualdn on May 09, 2021, 07:45:51 AM

A master of manipulation. People praise him like he is a kind of god. He is just a human being who happens to be a billionaire. He loves money as much as you do or maybe even more. People better use their brains and not count on AI from Musk instead. You will be musked in the end.

Even if we assume that he is manipulating the market to his favor we must also understand that following blindly someone else is always going to cause you problems over the long term especially when it comes to money.

Many times in the forum we have recommended that people do not follow the signals given by trading groups blindly and yet people do it, so it makes sense that when people see Elon posting something they try to look into it some kind of single and they act upon it, but this is a waste of time, if you really want to trade then you need to find a way to do it by yourself otherwise you should not even bother.

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Quote from: Ryker1 on May 09, 2021, 05:57:57 PM

Quote from: tabas on May 09, 2021, 05:43:57 PM

Quote from: Kojo2808 on May 09, 2021, 07:28:41 AM

So the ‘big day’ for Doge on SNL has come an gone and it turns out that the so called positive announcement from Elon on Doge ends up being a mockery. I’d love to what people think his agenda was in turning the table on his supposed cheerleading of the coin.

The quote always go with "buy the rumor and sell the news". When there's an announcement like the SNL, Elon and Doge. You buy before the event.
And when the event is about to happen, you expect that there will be a massive dumping on that particular day or even before a few hours that event happens.

Well, it is a part of the game, Elon Musk perhaps selling a huge part of his share in my own opinion. But I don't lose that this is the end, perhaps there is a hype again and as I can see on the graph, the price now has been slow recovery its price up and I think those invested when there is a correction of about 30% since yesterday. It could be a good profit while holding and for sure there will be resistance after a massive dip. However, Elon Musk will be looking some ways that this coin will not abandon by its supporters.

He probably did and just made another billions or hundreds of millions with the said dip. And right now, it's again the market that starts to dump again.
Ethereum, Doge and other altcoins are dumping including bitcoin too.

Kojo2808

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Quote from: azhariejaya on May 10, 2021, 09:14:15 AM

Some of coins promoted by Elon Musk on Twitter have increased drastically, including Doge and Shiba Inu. I don't know why Elon's tweet dramatically affects the price of these coins. A coin like Doge, which is not a utility coin, can go up like now. Even some Bsc tokens use his name, Elon, hoping that their token price will also increase.

I didn’t know he touted Shiba too. I invest a little in that. 100% speculative gamble of course but just having him connect to a coin is off putting.

isaac_clarke22

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It could either go either ways anyway in the first place. It would be either Musk manipulated the market by himself or some people are just too stupid to be driven and controlled by celebrities in decision for their investment.
It is not like Musk intended or wanted people to invest in Doge Coin. He liked memed it up.

Argoo

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Anyone who knows how the cryptocurrency market works will never succumb to the general excitement due to the fact that such celebrities as Elon Musk express their opinion about a particular cryptocurrency. Is it possible to use this situation at first to make a profit. We know that such pumping of certain types of cryptocurrencies by celebrities has always ended in a price drop. This will happen to Doge as well, even though its price is now up about 10 percent daily and 28 percent weekly.
At the same time, Elon Musk raised interest in cryptocurrency quite well, and therefore I have a positive attitude towards him. The rest of the participants in this market need to have their own head on their shoulders and their opinion about the cryptocurrency.

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Quote from: Kojo2808 on May 09, 2021, 07:28:41 AM

I’d love to what people think his agenda was in turning the table on his supposed cheerleading of the coin.

he wants to increase his money and this must be his agenda and why? i suspect elon already bought lots of doge coins and in another case elon was also a part of big shiba inu holders. This guy was using the crap coin to run his pump and dump scheme. elon already learned a lot about the crypto market and he was using his power to give a very big impact on the meme coin. I do believe after doge and shiba, there will be another meme coin will be tweeting by him.
Elon was so happy playing at the same time fooling the newcomers to get involved on his manipulation.

virtualdn

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I've created a thread showing my thoughts about Dogecoin and Elon Musk here: "I Wouldn't Invest $1 In Dogecoin And Here Are 10 Reasons Why"
https://bitcointalksearch.org/topic/i-wouldnt-invest-1-in-dogecoin-and-here-are-10-reasons-why-5336465

azhariejaya

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Some of coins promoted by Elon Musk on Twitter have increased drastically, including Doge and Shiba Inu. I don't know why Elon's tweet dramatically affects the price of these coins. A coin like Doge, which is not a utility coin, can go up like now. Even some Bsc tokens use his name, Elon, hoping that their token price will also increase.

FinneysTrueVision

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Elon is a very polarizing figure. Some people really love him and some really hate him. I'm indifferent towards him. I really don't understand the cult-like adoration some people have towards him, especially from dogecoin supporters. It's weird to be so obsessed with a particular celebrity. His ego is getting really inflated by all this attention, that's why he keeps talking about dogecoin. Dogecoiners can have their weird Elon cult, I think we should not be worshipping celebrities and giving them such a big influence if we want bitcoin to remain decentralized

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Quote from: sttvn on May 09, 2021, 06:09:48 PM

He is just memeing around, enjoy the ride

Only Elon enjoyed the ride and all the investors who longed doge got REKT.

helevela

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elon musk and dogecoin have been on the agenda a lot and some people are being asked to stop this manipulation. elon musk is thought to be manipulating this market, which is now undesirable. Another rumor is that people will support another coin when the psychological resistance point on dogecoin reaches $ 1 and dogecoin reaches or approaches $ 1. There are many manipulations that people also talk about, like elon musk did.

sttvn

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He is just memeing around, enjoy the ride

virtualdn

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Quote from: aioc on May 09, 2021, 06:00:30 PM

Quote from: ijeb on May 09, 2021, 07:43:27 AM

Of course this happened. It is nothing more than market manipulation. Now a lot of people is losing money because they missed the Doge train.
If the price will continue to drop, we will see some hype around it and pumping because of those that bought high.

There is an very true statement that every trader knows: Buy the rumors - sell the news!

Many traders know this, it always pays to be an early bird on rumors, because you are going to be the first to sell the news when the rumors are confirmed, there's always a tricky part when buying rumors and selling the news especially in the case of Dogecoin, where you know that it's not going to be long term and the hype will eventually die down, you should know when it's time to get out.

Correct, it is still not too late to get out, I'm sure this year we will see Dogecoin dropping a lot, back to its normal prices because people will realize in the end it's too much hassle and there are easier ways to make cash in the crypto world, without so much drama involved and without feeding the boosted ego of a billionaire guy.

Topic: Thoughts on Elon? - page 2. (Read 462 times)