I don't think he'll do it. First, the SEC will not allow, let's remember Mark Zuckerberg and Pavel Durov. Secondly, he will ruin his image. If the token is without technology, it will be a long-term failure.
this is a very reasonable excuse. although many suspected that the coins issued by EM itself would be as successful as Doge did, but the road is not that easy. as one of the richest and most influential people, there are bound to be many barriers to legality, centralization, and the like. and looking at Mark's previous case to be the closest and most similar prediction. but who knows, if there is a chance there might be a surprise, we'll just wait. 
Topic: What if Elon musk launches his own coin? - page 14. (Read 2849 times)
Who knows if he didn't already 
There have been rumors in the past that he could be part of Bitcoin for many years already.
Is it true? I didn't hear it at all. but I don't think Elon would do that. I think there are some more important and urgent projects that he has to work on (Tesla and SpaceX are already taking a lot of time), I think he also owns several companies like boring companies? I'm not really sure There have been rumors in the past that he could be part of Bitcoin for many years already.
He'll have to go through the regulators, it's not going to be easy but if he passed it, it will have a good potential in the market, he had everything to make his coin land in the top 10, I'm sure this idea is cooking in his mind we'll see, after promoting Doge and testing his influence he can try it to his own coin he'll gain a lot if he can create his own, but only if he passed the regulators.
I remember when Facebook announces their participation in the crypto industry by creating their own coin which didn't really show what the people expected. If he launches his own coin the chances of it becoming successful are dependent on what kind of coin it is and how many big-time companies will support it. To be honest, it is not really convenient for them to create new coins since these guys are busy with their own successful companies. Only those who have known how to effectively gain high profit will sacrifice their time and money to create new coin even though they are the owner of one of the successful companies in the world.
Facebook is a great example to compare if Elon Musk plans to make his own coin. Facebook's failure when planning to make Libra, could be a valuable
lesson for Elon Musk. Because it is not certain that a large company with a lot of money can create a successful project. They have to create coins that
the crypto community really needs, because even now, there are so many new projects appearing, but has almost the same function. So very few
new projects end up surviving. I believe Elon Musk is aware of this, and will not be creating a new coin anytime soon.
Who knows if he didn't already There have been rumors in the past that he could be part of Bitcoin for many years already.
Is it true? I didn't hear it at all. but I don't think Elon would do that. I think there are some more important and urgent projects that he has to work on (Tesla and SpaceX are already taking a lot of time), I think he also owns several companies like boring companies? I'm not really sure There have been rumors in the past that he could be part of Bitcoin for many years already.
I remember when Facebook announces their participation in the crypto industry by creating their own coin which didn't really show what the people expected. If he launches his own coin the chances of it becoming successful are dependent on what kind of coin it is and how many big-time companies will support it. To be honest, it is not really convenient for them to create new coins since these guys are busy with their own successful companies. Only those who have known how to effectively gain high profit will sacrifice their time and money to create new coin even though they are the owner of one of the successful companies in the world.
Well, if he floats a crypto I for one won't be buying. I'm yet to see any celebrity owned token that has succeeded. I try as much as stay away from any token promoted by a celebrity where they're made the poster boys. I learnt the hard way after my experience with the John McAfee ghost token last year. That was a few years after Centra which was heavily promoted by boxer Mayweather turned scam. I lost cash in that too. So, I will be highly skeptical to stay out if Elon has a token to his name. He's better a kingmaker than wanting to be a king himself. He should know better.
Then he pumped the price several more times and sold his coins to the hamsters.
Every hodler at some point takes profit. If Elon decides to sell, it shouldn't be seen as something bad. 
Who knows if he didn't already There have been rumors in the past that he could be part of Bitcoin for many years already.
There have been rumors in the past that he could be part of Bitcoin for many years already. 
Then we could see how well he could manipulates it I mean manage it.
We could see so much drama and it could be a pump and dump scenario like what is happening to the Dogecoin from the recent weeks.
But yes it would be a success of course the question is for how long?
We all know that he have so many supporters/Believers and we could see it from how Dogecoin price reacts every time he tweets it,
So if he would create his own crypto then we could be sure that all of those Dogecoin investor would jump in on his own crypto.
We could see so much drama and it could be a pump and dump scenario like what is happening to the Dogecoin from the recent weeks.
But yes it would be a success of course the question is for how long?
We all know that he have so many supporters/Believers and we could see it from how Dogecoin price reacts every time he tweets it,
So if he would create his own crypto then we could be sure that all of those Dogecoin investor would jump in on his own crypto.
Elon Musk will probably hype his own coin if he creates himself just like what he did with bitcoin and dogecoin that are now both in their peak price. But it never crosses my mind he will come up with this knowing he had all the coins he wanted and make it pump or dump so that the owners of such coins will end up panic selling and leave him the profitable one.
What about the rest of the coins in the cryptocurrency market, almost all of the coins touched their all time high and still going higher and we very well know that Elon Musk just pumped the price of Bitcoin and Doge but what happened to ETH XRP even ETC and Bitcoin Gold. So we cannot find someone responsible for the market and these are baseless assumptions and there is no way he is going to launch his coin unless he wants to troll the cryptocurrency space to the next level. 
I don't think Elon Musk will launch his own coin. If he had to launch his coin he had not shilled DogeCoin and Other Meme Coins. Maybe he will launch his coin in future and will use that coin in Tesla.
I don't think he'll do it. First, the SEC will not allow, let's remember Mark Zuckerberg and Pavel Durov. Secondly, he will ruin his image. If the token is without technology, it will be a long-term failure.
- Well, for someone where every comment can become a trend like Elon Musk, actions such as starting a company or creating a product will receive the full review of organizations and government approval, passing such a chain of rules is probably not easy, and even if passed, success requires the participation of the crypto community but he ruined everything. First, the legitimacy prevented this participation, the next, perhaps an attempt to try to set the trend in an extravagant way, but this random thing wiped out the investors in the market, people are really hating his absurd disturbances 
It might or might not do fine, but seeing how much his moved dogecoin, I think the coin can do fine.
But I see one problem here, him being located in the USA will he be registering a company away from this jurisdiction to avoid any unnecessary tension with the law, compliance checks and all??
Well the sky is the limit let him shot for the stars.
But I see one problem here, him being located in the USA will he be registering a company away from this jurisdiction to avoid any unnecessary tension with the law, compliance checks and all??
Well the sky is the limit let him shot for the stars.
It's not as easy as what we imagine later, maybe if you launch your own coin it will be very difficult..
because you have to need a solid team that can raise these coins with extra work..it's different by buying all the coins that already exist..
because you have to need a solid team that can raise these coins with extra work..it's different by buying all the coins that already exist..
I don't think he'll do it. First, the SEC will not allow, let's remember Mark Zuckerberg and Pavel Durov. Secondly, he will ruin his image. If the token is without technology, it will be a long-term failure.
Thinking the same, look at what happen to Zuckerberg’s Libra it didn’t pass well through SEC’s approval I think it could possibly happen to Elon Musk too if he creates his own coin knowing his influence in the market. Elon has bad reputation already in crypto space, he can make you rich and poor in seconds. 
I don't think he'll do it. First, the SEC will not allow, let's remember Mark Zuckerberg and Pavel Durov. Secondly, he will ruin his image. If the token is without technology, it will be a long-term failure.
What if Elon musk takes this opportunity of popularity and influence to start and launch his own coin to the market?
Do you think an altcoin created by Elon musk will do well in the market?
It'll be a pump-dump coin for sure as Elon Musk is doing all of this for his own entertainment/satisfaction and he'll left this market just like John McAfee who influenced so many users back in 2018's bull market. So, that coin won't be good for crypto industry as every country takes crypto in a negative way and if Elon launch his own coin which becomes a pump-dump coin, than many users will be rekt. As a result, it'll create a bad impact on crypto market and countries will have more oppertunities to question about this market.Do you think an altcoin created by Elon musk will do well in the market?
Elon Musk is a smart one, taking all those advantages he had in his power so we should also be wise as him so we can never be left empty handed because of giving him all the chances that was probably ours to take.
It may or may not work, because the success of a coin is not determined by just one person but many investors and traders who invest in it, but if Elon Musk plans to make his own coin, chances are that many people will support him and will probably be able to compete hard with other good coins
well, I think the crypto made by Elon Musk will be even more successful. I am pretty sure that the product for the token will be of very high quality. Moreover, if Elon Musk gave an event for the token he made, so many people would be interested in it. the token behind which stands the CEO of Tesla, well that's more promising.
I have the same perspective too. Elon is very genius person, I think if he will create his own token the main priority of the token is to help the world. Elon recently cancelled accepting bitcoin in his company Tesla due to environmental concern of the BTC with its huge power capacity needed in mining. I think its token that could help people like charity or high-technology application that revolutionize the cryptoworld or its just like Dogecoin. He always like Meme coins. 
If ever he wants, then let him do it. The Crypto market is open for those who want to create their own projects, their own crypto promotions.
he have all the resources if he really aimed to create his own coin, it's not hard for him since he got all those billions that he can spend to his project.Quote
And it was the people to decide if that particular project having a sense to invest/or they will see any potentials. Because if they never saw it, don't expect that they will invest but for sure they will ignore you.
Always depends from how people will embrace this possible project, though he have the advantage being the richess man int he world.He's influence to the business sector weigh in.
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If Elon Musk has a plan, he makes sure that it could attract investors otherwise, it will be just a dead project only.
He's name already have the market, success might have a much higher chance if he will bring his investment in full.Jump to: