What if Elon musk launches his own coin? - page 15.

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Quote from: Rruchi man on May 14, 2021, 11:20:41 AM

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.

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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. 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.

If Elon Musk has a plan, he makes sure that it could attract investors otherwise, it will be just a dead project only.

Teraboy

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I do think that the altcoin that officially issued by elon will be getting very big FOMO and it will be even bigger than SHIBA and DOGE. So many elon's followers will be spreading this around the world and the big pump will be happening. This is only a speculation since elon is not interesting to issue his own coin but he was interesting to use doge coin instead of issued his own crypto.
It will become another hyped coin like ICP for sure.

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Quote from: Rruchi man on May 14, 2021, 11:20:41 AM

The name and personality of Elon musk has been trending lately, for good and bad reasons. Some blame him for the recent down in price of btc with his recent tweet, some suspect that he has a plan to manipulate the market to the favour of doge coin which he has recently been a strong advocate for.

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?

He doesn't need to do that, because there are other possibilities and coins that are already out there. Or he could start to promote PoS version of bitcoin as a fork. But this weird sudden war against PoW doesn't make any sense unless he has some new green energy miner in making or maybe he wants to use his status just to promote PoS. Which makes me think that Doge could migrate to PoS later on just to please him.

Bitcoin won't transition to PoS in a million years, they have too much in stake (Pun not intented), it would just fork off.

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Well, in my opinion, if Elon Musk is very interested in Cryptocurrency, then it is no doubt that he might be planning to create his own cryptocurrency that would benefit his company and possibly his customers, the ones who have bought his company's products and services. Now if that happened then I would say that it will be an interesting move by the master manipulator and possibly a big hype will happen. It is a matter of who came first in the crypto hype who will prevail when Elon's crypto will be catapulted into high prices.

Cling18

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It's possible that Elon Musk would launch his own coin in the future especially now that he's really influential in the crypto industry. The risk is, he'll only manipulate it whenever he wants. If he could manipulate huge coins, he'll surely do the same thing to his own coin. He really knows how to play the crypto business well.

Godwinpaul

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There's no doubt that Elon musk is capable of lunching his own cryptocurrency and I personally would love to hold his coin because he has the support of the market and could easily influence a value appreciation. The project would become as popular as the defunct LIBRA Coin of Facebook even before it hits the market.

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Quote from: gabbie2010 on May 15, 2021, 08:23:33 AM

Quote from: ilovealtcoins on May 15, 2021, 06:59:45 AM

Elon Musk is a genius programmer and he can launch his project if he discovers more cool things about blockchain. Creating a project takes time to develop with a good team of programmers.
For his project to create value like the current DOGE or SHIBA is really difficult. So I think he could launch his project but DOGE business would be better because he invested in this project before he tweeted about it.

I think it is better he launch his own coin and stop influencing the market prices of Bitcoin and Doge his recent exploit in cryptocurrencies had negatively affected the price of Bitcoin, I am disposed toward his full investing in DOGE only and leave the Bitcoin market this will invariably put to stop all the manipulation of the price as witnessed recently in the market because of highly influencial actions.

I would have pretty much like to see how that will play out so that someday after he launches his own cryptocurrency, some other heavy influencer can come along to say something that could negatively affect the price or its adoption and that will definitely put a stop to the focus on Bitcoin.

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Quote from: ilovealtcoins on May 15, 2021, 06:59:45 AM

Elon Musk is a genius programmer and he can launch his project if he discovers more cool things about blockchain. Creating a project takes time to develop with a good team of programmers.
For his project to create value like the current DOGE or SHIBA is really difficult. So I think he could launch his project but DOGE business would be better because he invested in this project before he tweeted about it.

I think it is better he launch his own coin and stop influencing the market prices of Bitcoin and Doge his recent exploit in cryptocurrencies had negatively affected the price of Bitcoin, I am disposed toward his full investing in DOGE only and leave the Bitcoin market this will invariably put to stop all the manipulation of the price as witnessed recently in the market because of highly influencial actions.

ilovealtcoins

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Elon Musk is a genius programmer and he can launch his project if he discovers more cool things about blockchain. Creating a project takes time to develop with a good team of programmers.
For his project to create value like the current DOGE or SHIBA is really difficult. So I think he could launch his project but DOGE business would be better because he invested in this project before he tweeted about it.

carrie_white

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I think if Elon launches his own coin, I doubt that people will be interested, because I think Elon has disappointed many people too many times, because at first he supported bitcoin, then suddenly decided to stop accepting Tesla payments using bitcoin, so maybe some people don't believe in Elon anymore. but this is only in my opinion, because people think differently

virtualdn

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Probably his sheep will follow like crazy but nothing more. This guy lost his credibility and is looking like a clown, so launching his own coin doesn't mean a thing. He is only going down from here. People are not so dumb as Elon thinks.

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Quote from: Rruchi man on May 14, 2021, 11:20:41 AM

The name and personality of Elon musk has been trending lately, for good and bad reasons. Some blame him for the recent down in price of btc with his recent tweet, some suspect that he has a plan to manipulate the market to the favour of doge coin which he has recently been a strong advocate for.

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?

I wouldn't be surprised if he does such thing in the near future. He is a very popular persona and has also a big influence on people. If he launches a new cryptocurrency, I haven't any doubt that there will be too many people who will be ready to invest into it.

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Quote from: Rruchi man on May 14, 2021, 11:20:41 AM

...Do you think an altcoin created by Elon musk will do well in the market?

I am not sure that the altcoin created by Elon Musk will be in any way superior to the coins that are already in circulation. But I am sure that if such a coin appears, then there will be a hype around it, which will be supported by Elon Musk subscribers, on whom he has a great influence.

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Quote from: Rruchi man on May 14, 2021, 11:20:41 AM

The name and personality of Elon musk has been trending lately, for good and bad reasons. Some blame him for the recent down in price of btc with his recent tweet, some suspect that he has a plan to manipulate the market to the favour of doge coin which he has recently been a strong advocate for.

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?

As far as I know, there have already been talks about Elon Musk's creation of his own cryptocurrency. If there was talk about this, then there is a possibility that Elon Musk will sooner or later create his own cryptocurrency in order to arrange competition in the crypto market. Perhaps everything goes to this. It would be interesting for me, since I also use crypto and if a coin from Elon Musk appeared, I would probably buy several coins, because Elon Musk would do everything to make his cryptocurrency show great growth and probably even tried to make it a competitor for Bitcoin.

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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.

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Quote from: Rruchi man on May 14, 2021, 11:20:41 AM

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?

We already saw how powerful he is by making DOGE and the whole crypto in general more popular. He even supported crypto.
Now if he will create a coin, it might become popular and for sure that there will be many people who will be supporting it.

The question only is will the coin have a use or at least can it solve some problems that we are facing right now. For sure this coin that he will create will make some traders an instant millionaires in short term Cheesy

. Pump and dump.

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Quote from: Rruchi man on May 14, 2021, 11:20:41 AM

- snip-

Elon Musk can do whatever he wants, creating teams to develop projects and creating new coins.
but it reminds me of the Libra coin, I really support these millionaires making new coins but it takes patience because there are many members of the government who will oppose a project like Libra.

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Quote from: Rruchi man on May 14, 2021, 11:20:41 AM

What if Elon musk takes this opportunity of popularity and influence to start and launch his own coin to the market?

It would be very huge, bro.

He has so many fans and some of his fans can move money easily from existing crypto like DOGE in a new one when Elon creates it.

But I'm not sure if he really launches it because if he doesn't manage it, it will get a dead coin and ruin his reputation.

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This is a possibility considering he has the technical knowledge about digital money. Back in the days where he and his pal started paypal they were visionaries. DogeCoin is only his experimental ventures in my opinion so does not seem so serious about it. Just making a hype of sorts so some can leverage the frenzy of rising crypto assets.

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