Thoughts on Elon? - page 3. | Bitcointalksearch.org

aioc

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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.

Ryker1

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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.

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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.

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.

mrdeposit

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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.

The determined day was only needed to pump the price so it was obvious that there would not be a big news. I guess most of the investors have invested realizing this truth and yesterday was a good time to sell. I applaud those who make money by being smart. So from now on doge will return to the price it deserves, which is the main factor that made me happy. Hopefully, Musk will devote more time to his own business from now on.

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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.

That was an expected result when he said those hype about the DOGE coins in its early promotion, investors have already known the fact that whoever got to enter the first wave of buying it after his positive announcement, will be the one who can extract as much as he could. But those who think that they can also gather as much money as the early investors took the chance to invest in the late days. so they are the ones suffering from the scenario of the price that decreasing every day in the crypto market which will gonna create anxiety because of the DOGE current situation in the crypto market.

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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.

He bought low, tweeted, made insane profits, and now that he's out, he got nothing to lose.
Or he's trying to get it low again to repeat the cycle

Viscore

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In the first place, DOGE is not a serious coin, so no matter who will shill this, it should not be taken seriously.

I understand some people ride on this for a short-term trade, but I pity those who try to hold this for the long term hoping for a $1 to $10 price.
There are a lot of videos on youtube that are also hyping the coin, and they did not help people to succeed but help newbies to go with the FOMO because of that high goal.

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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.

Could be the mockery was done on purpose or not. The statement where her mum said she was doesn't want doge as gift shouldn't be taken emotional by the attendees. She knows what she wants and she clearly state her mind.
Correction on doge isn't really bad considering amount of pumps and attention they have gotten since last year though it's bad for the top reach address to selling out their share. That's more like a 51% attack

tbterryboy

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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.

First of all, when I see big influencers and investors like Elon hyping coins like he did, I don’t trust them that much because I know very well that they are doing it to cash out big time. I might invest in that coin, but I wouldn’t hold for long, I will be looking for opportunities to sell it whenever I can and take my profit because there will come a time they will dump the bag on the market and it will crash. So that’s the same thing I expected from Elon, anyone that’s investing in any kind of asset, be it stocks or cryptocurrency, is doing so to make profit and nothing more.

Kojo2808

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Everyone is now wide awake to the obvious now but only after the fact. Before, people were doing what they are best at an that’s speculating. I was saying all what’s being said on here last week but I have to admit I invested a little a few days before SNL in order to cash in on the rise in the short term but Elon stuck it to everyone. To be fair i bought when it dipped from $0.45 to $0.29 so I did ok regardless. Yes the thing that makes this coin a joke other than it’s a meme coin is that it started riding on Elon’s coat tail. But if you take him out of the equation and look at the coin there has been opportunities to make money on it. Everyone talks about the dip but it’s still at an all time high if you factor out the last few days. 55 cent from 6 cent in April. So yeah it’s a shill coin but people can make on it and considering the dip was apparently due to 1 of 7 whales dumping only half of there coins indicates that there may be some more life in this dodgy coin yet. If the other whales want to get out with there target achieved that is

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Considering the fact that Elon is a huge personality all over the world just by looking at the digits of his net worth, we can easily be persuaded to believe on the certain crypto he is currently paying attention to. Many people fail to see the reality to the coin he is investing with just because it is being outshined by their fame and achievements so far. Elon Musk might be having a hard time right now but surely, there will be changes with Dogecoin in the near future, the only problem is if it is negatively or positively but either way, let us be wise and responsible on where we are investing at the moment.

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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.

My views on Elon not changed one bit. It is the same since he started to talk about crypto. He is still fucking around. Smoking weed and making fun of everything and anybody he can. No fucks given.

He found a crypto currency just like himself, that's dogecoin and it just fits his personality (a joke) so he is sharing dogefather memes etc.

This is how he is. ( a joker) He doesn't give a single fuck if people make or lose huge money by listening to his tweets.

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Quote from: Shallow on May 09, 2021, 01:55:46 PM

When it comes to fomo as well as hype on any coin whatsoever, no matter who is causing that hype, there is need to be careful of that coin because anything can happen and in most cases market manipulation just as Doge. Many people were jumping into Doge without having any target, or will I say they were all clamouring for 1$ while most were busy taking profits, and in addition if you check the rants so far, its mostly new traders or newbies who saw what was happening, and without any form of advice jumped in and now they are lamenting.
Even if he continues now again, the price will skyrocket again and a lot of people will still forget the lessons learnt.
Well, since it's all about manipulation, the price might skyrocket again after correcting but no one knows when or if it will at all.

The price manipulation continues!

SpaceX announces the DOGE-1 mission to the Moon for the Geometric Energy Corporation:

Launching on a Falcon 9 rocket in first quarter 2022, GEC is sending a 40 kilogram cubesat – paid for entirely by cryptocurrency DOGE.
https://prnewswire.com/news-releases/

Give me a break, you could pay those with BTC, Litecoin or Ethereum, this guy is making fun of us and many sheep are following blindly.

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When it comes to fomo as well as hype on any coin whatsoever, no matter who is causing that hype, there is need to be careful of that coin because anything can happen and in most cases market manipulation just as Doge. Many people were jumping into Doge without having any target, or will I say they were all clamouring for 1$ while most were busy taking profits, and in addition if you check the rants so far, its mostly new traders or newbies who saw what was happening, and without any form of advice jumped in and now they are lamenting.
Even if he continues now again, the price will skyrocket again and a lot of people will still forget the lessons learnt.
Well, since it's all about manipulation, the price might skyrocket again after correcting but no one knows when or if it will at all.

int03h

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Elon Musk is a businessman and he's made clear about his manipulation of DOGE.
It is everyone who has been chasing profits when buying DOGE regardless of the nature of the problem.
The game may be over, people who bought DOGE on the moon created by Elon Musk will either stay at the moon or cut losses.

pakhitheboss

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In my opinion whatever is happening with Doge is a trap intended to capture more money. I have not heard anything that suggesting the price to spike so much. The only thing I have heard is Elon promoting it whenever and wherever he can, unfortunately this time it back fired.

totaleclipseofthebank

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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!

I agree with you. Buy the rumors - sell the news! is the best trading strategy, especially with significant news. Doge is a good coin but it is not good enough to have such price. Soon, people will sell it to take profit. Anyone who bought near the top will suffer the most

Jackl87

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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.

I am pretty sure that doge would be way lower than it is right now if elon musk would have never mentioned it. So every Dogecoin holder that had them before the first Elon tweet or even the ones that bought after his first tweets a few months ago should still be deep in the profit territory. On the other hand it is sad to see that he basically made fun of it because with his statements in the show he harmed everyone badly that bought dogecoin in the last few days. I mean from 0,70 to 0,43 is a pretty heavy crash all because of his actions.. i hope he realises that he is playing with the wealth of a lot of people here.

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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!

No its not a true statement, it must be Buy the Goodcoin - sell the Dogecoin.
I have warn many of my friends to avoid Doge and invest on another but most of them are too greedy since they profit from it before.
They add more doge to their bag and ended rekt.

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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.

People are opined to their opinion, but the reality is that Elon Musk is no different from John McAfee (they are both influencing crypto assets due to the audience they command) because all he is literally doing is shilling tokens and causing a rush in price and this has been done especially with doge coin and shiba pup (recently). Shilling of coins will only yield rewards on the short term; on the long run it will end in massive losses.

Shilling ofcourse is very rewarding especially in a bull market; protect your funds and capital and always do your own research

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