What is Elon Musk's goal with Dogecoin? - page 3.

bison

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Quote from: sitbang on May 22, 2021, 12:03:43 AM

My opinion is that by using Dogecoin, Elon Musk provokes everyone or shows that he can control the market, I believe He is the richest and can afford whatever he wants and it is very difficult to know what is behind his cryto action. I believe that elon's goal is to dominate the market

Maybe now he has been able to dominate the market and manipulate it, but will this last long? not. Sooner or later people will realize that this is just Elon's strategy to maximize profits for himself.

Almasani

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Quote from: Maschine32 on May 05, 2021, 10:54:24 AM

Do you think he does it because he wants to make money? Do you think he speculates with Dogecoin?

I am wondering if he will keep tweeting about it after the bull market is over.

I think Elon Musk has a lot to do every day. Crypto is not his main focus. It's just that he is here for crypto because his company will use crypto as a means of payment. Crypto conditions continue to deteriorate at the moment. TheMoonCarl said that Bitcoin will Bullrun 400% in the next month. If so, then the alt will accompany it.

aditasetia123

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Quote from: sitbang on May 22, 2021, 12:03:43 AM

My opinion is that by using Dogecoin, Elon Musk provokes everyone or shows that he can control the market, I believe He is the richest and can afford whatever he wants and it is very difficult to know what is behind his cryto action. I believe that elon's goal is to dominate the market

the certain thing only money, with his tweet elon want his assets in crypto market rise alot . with hype that he created , trader believe he choose the right asset when elon do this too. but longer , people will realize if they continuely follwing elon , they will trapped in elon's goal that is controlling market.

bison

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Quote from: kenelmark on May 28, 2021, 07:17:22 PM

Quote from: sitbang on May 22, 2021, 12:03:43 AM

My opinion is that by using Dogecoin, Elon Musk provokes everyone or shows that he can control the market, I believe He is the richest and can afford whatever he wants and it is very difficult to know what is behind his cryto action. I believe that elon's goal is to dominate the market

Yes, it does seem that he is capable of dominating the Crypto market at this point in time, but it will not last long for him, because sooner or later everyone who believes in him today will realize that he is only thinking about profit for himself regardless of his followers.

Elon is a businessman and definitely what he is doing right now is to multiply the profits he has by dominating the market, he is really using his influence to get what he wants, and I agree that this situation won't last long because people will conscious and saturated because they were only being played with by him, then they will come back to trusting the research they have made more than just following an Elon.

livingfree

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Quote from: KaliLinux on May 29, 2021, 01:46:34 AM

Someone could also ask what was his goal when he first tweeted about Bitcoin? EM is all about profit-making and he has done that with Bitcoin and he is still doing it with Dogecoin. Think about it, with the price of Dogecoin, Elon Musk could easily make Billions from Hyping Dogecoin than Bitcoin.

He's all in for taking profit. It is no longer normal to have more time in twitter rather than putting more time in his businesses although that's the power of being an established businessman, you can have people that shall work for your tasks.

Quote from: KaliLinux on May 29, 2021, 01:46:34 AM

I think it's all hype that will die off later.

There's no doubt about the hype and that's for sure that this hype will later on be gone on Dogecoin. And just as this correction has occurred, we can see that the hype went down.

KaliLinux

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Quote from: Maschine32 on May 05, 2021, 10:54:24 AM

Do you think he does it because he wants to make money? Do you think he speculates with Dogecoin?

I am wondering if he will keep tweeting about it after the bull market is over.

Someone could also ask what was his goal when he first tweeted about Bitcoin? EM is all about profit-making and he has done that with Bitcoin and he is still doing it with Dogecoin. Think about it, with the price of Dogecoin, Elon Musk could easily make Billions from Hyping Dogecoin than Bitcoin. I think it's all hype that will die off later.

baller1

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Quote from: Sithara007 on May 28, 2021, 11:55:09 PM

Quote from: Godwinpaul on May 28, 2021, 11:35:21 PM

It's possible that Elon musk wants to make more money from the market, but I doubt. I feel he's only trying to entertain himself and he has a personal affection for dogecoin and wants to support the coin. It could be that due to the fact that the meme coin has been related, he was to bring it to limelight.

His real intention is not yet clear. He doesn't own any cryptocurrency directly, so we can't claim that he is benefitting (at least personally) from the movements in the market. But at the same time, I have my own doubts. If you carefully look at his tweets, a clear pattern can be observed. The manipulation he did was well planned and made use of his millions of social media followers. Now looking back after a month, it is difficult to believe that Elon is innocent and he just wanted to promote some shitcoin for fun.

I don't disagree with you.. as his hodlings could easily be verified by Elon.. if he wanted them to be...
But just to clarify what he's written (again what's true could be diff.)

He said, “I have not sold any of my bitcoin,” Apr. 26th when being accused of starting a P&D. which looks to be the case.

He stated Tesla was holding BTC long.. and he himself hadn't sold any of "his" BTC. (could be easily verified.. but Elon's like nahhh)
“We do believe long term in the value of Bitcoin,” he said. “So it is our intent to hold what we have long term and continue to accumulate bitcoin from transactions from our customers as they purchase vehicles.”

A month later.... after he pumps it..

"Tesla has suspended BTC purchases.. not selling BTC gonna use it for future tx when BTC 'forks'" (Not really about the 'forks' but basically what he's saying whether he knows it or not)"
Again the "unsold BTC holdings" could be verified.. but Elon's like nahhh

Then..

"Yeah, I haven’t and won’t sell any Doge." In response to "his" Doge hodlings. But notice he didn't say "any of my Doge"..

Just following this pattern alone, he could easily tweet out he's no longer supporting Doge. Not that he would but he clearly has no allegiance to anything but profits.

Either way he's blatantly playing the unregulated market.. He's most likely playing the pumps and dumps like KimDotCom used to do.
and they've been falling for it every time.

EmmaGod

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Elon musk is a wealthy, but it would be out of place to think that he has nothing to benefit from the tweets and influence he's building on the cryptocurrency industry. I believe that he has ultimate aim which may not be directly related to money, but can indirectly make more money. I know billionaires are not time wasters, they invest their time and efforts to get what they want.

Sithara007

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Quote from: Godwinpaul on May 28, 2021, 11:35:21 PM

It's possible that Elon musk wants to make more money from the market, but I doubt. I feel he's only trying to entertain himself and he has a personal affection for dogecoin and wants to support the coin. It could be that due to the fact that the meme coin has been related, he was to bring it to limelight.

His real intention is not yet clear. He doesn't own any cryptocurrency directly, so we can't claim that he is benefitting (at least personally) from the movements in the market. But at the same time, I have my own doubts. If you carefully look at his tweets, a clear pattern can be observed. The manipulation he did was well planned and made use of his millions of social media followers. Now looking back after a month, it is difficult to believe that Elon is innocent and he just wanted to promote some shitcoin for fun.

PaulyC

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Always remember. Musk started as an Online Banker..
Now he's everyone's Fame Mom.. how far he's come. Cool

Godwinpaul

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It's possible that Elon musk wants to make more money from the market, but I doubt. I feel he's only trying to entertain himself and he has a personal affection for dogecoin and wants to support the coin. It could be that due to the fact that the meme coin has been related, he was to bring it to limelight.

nhaila

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Quote from: LoyceV on May 06, 2021, 09:43:28 AM

Isn't it obvious he only wants attention? And millions of people are falling for it!
Don't think one of the richest guys on the planet does anything in your interest. Some people will earn from it, many people will lose money because of it. And Musk will still be rich.

He tried trolling with Tesla stock on Twitter, got a 10 million dollar fine, and can now troll all he wants with crypto. Even his kid's name is trolling.

I can't grasp how he even cares about trolling online, when he can basically do anything he wants. That must mean he really wants to troll Tongue

Elon musk a the richest person in the world but his announcement is the poorest because a few days ago he neglected bitcoin but support dogecoin as his investment plafrorm. Actually what's he be aspected from dogecoin?

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Quote from: kenelmark on May 28, 2021, 07:17:22 PM

Quote from: sitbang on May 22, 2021, 12:03:43 AM

My opinion is that by using Dogecoin, Elon Musk provokes everyone or shows that he can control the market, I believe He is the richest and can afford whatever he wants and it is very difficult to know what is behind his cryto action. I believe that elon's goal is to dominate the market

Yes, it does seem that he is capable of dominating the Crypto market at this point in time, but it will not last long for him, because sooner or later everyone who believes in him today will realize that he is only thinking about profit for himself regardless of his followers.

Probably to divert small investors to doge while he gets more BTC. If I have to do it like Musk would, I would have bought dogecoin from the beginning like $0.00001 with just worth $10K and then play around this time by rating the price and then use his influence to hype doge and add it to ATMs so the price starts going up. But this is probably to derail small investors to buy Doge than BTC.

Gayong88

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It looks like Elon will continue to pump up Doge Like his post in the Twitter post https://twitter.com/elonmusk/status/1396916392629137409it is certain that the Q1 2022 plan for the Moon's SpaceX DOGE-1 mission will be carried out and hopefully, things will come true.

kenelmark

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Quote from: sitbang on May 22, 2021, 12:03:43 AM

My opinion is that by using Dogecoin, Elon Musk provokes everyone or shows that he can control the market, I believe He is the richest and can afford whatever he wants and it is very difficult to know what is behind his cryto action. I believe that elon's goal is to dominate the market

Yes, it does seem that he is capable of dominating the Crypto market at this point in time, but it will not last long for him, because sooner or later everyone who believes in him today will realize that he is only thinking about profit for himself regardless of his followers.

Natalim

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Quote from: sapnu on May 22, 2021, 01:54:22 AM

Elon Musk's motive towards crypto, not only in Doge seems dark and selfish. It seems that he wants to showcase his power not only in the world where everyone sees him as the richest person alive but also in the crypto market where whales rule the price manipulation. Let us not let him continue to obtain fame just because he is the talk of the town at the moment. Everyone is now struggling while most of them are just playing around in the market, let's hope they tire out already and quit doing what they are currently doing.

Let's hope people will learn, if they will not, Elon will continue to use his popularity to manipulate the market. He would only say something positive to a certain coin and that certain coin will pump, that's how easy his life is, he can make millions in just a minutes, and that is because we tolerate him.

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Quote from: m2017 on May 18, 2021, 02:15:32 PM

Quote from: Maschine32 on May 05, 2021, 10:54:24 AM

Do you think he does it because he wants to make money? Do you think he speculates with Dogecoin?

I am wondering if he will keep tweeting about it after the bull market is over.

I am not interested in what its purpose is. In fact, we will never be 100% able to find out about this. But something else worries me. Why can just one person have such a powerful impact on market change? It looks completely abnormal.

Musk is just the tip of the iceberg, he is the obvious reason for what it is happening, however whales are not dumb, they saw what Musk was doing and as soon as they got the smallest sense the market was beginning to panic they crashed the market on purpose so they got a lot of fiat and now they can force weak hands to sell their coins to them and buy way more coins in a single movement, so Musk is not the only guilty party here even if he is playing a major role on how the events are unfolding.

sapnu

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Elon Musk's motive towards crypto, not only in Doge seems dark and selfish. It seems that he wants to showcase his power not only in the world where everyone sees him as the richest person alive but also in the crypto market where whales rule the price manipulation. Let us not let him continue to obtain fame just because he is the talk of the town at the moment. Everyone is now struggling while most of them are just playing around in the market, let's hope they tire out already and quit doing what they are currently doing.

iTradeChips

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In my opinion, basically all he is doing is making money. Actually what I think is that he is trying or possibly trying his manipulative powers to see if he can make the price of doge up by giving up some tweets that would give the coin a good name and market it to all the Elon fans out there, hey look try cryptocurrency now and start with the coin I love which is DOGE. So his cult starts buying and buying and buying the coin until the price is up many percent. And I think he might have already sold his coins after he attempted to make the prices very low again. For me that is simply what had happened.

sitbang

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My opinion is that by using Dogecoin, Elon Musk provokes everyone or shows that he can control the market, I believe He is the richest and can afford whatever he wants and it is very difficult to know what is behind his cryto action. I believe that elon's goal is to dominate the market

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