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Topic: What is Elon Musk's goal with Dogecoin? - page 4. (Read 1708 times)

full member
Activity: 826
Merit: 111
Seriously even I have no clue.
Steady hyping of the coin. He even made a post saying "how much is that doge in the window" and binance attacked and call him "Good dog". Those two have been trending as meme all day.
Now that the market is in total dump let him continue to hype if doge price will come up. Waste of time I'll say.
full member
Activity: 1904
Merit: 138
★Bitvest.io★ Play Plinko or Invest!
Even though Elon Musk is the richest person, it cannot be denied that he has done so far in order to get more money "remember, if nature of people is greedy" no one hates money, although rich person
he will continue to do this as long as there are still many people who believe it

He is a businessman, so even if he doesn't need money anymore, he will find ways on how to earn more. He has goals that no ordinary individual wants. To cater his big dreams, he needs a lot of money to finance those projects. Maybe at first, it was only a test for him on crypto. But when he realized, he has big influence in the market especially in doge, one tweet, and the price pumps, he may then use this influence to his own advantage. Hopefully, he will push thru the collaboration with doge team. And let us see if there will be any improvement on this old alt.
sr. member
Activity: 2254
Merit: 258
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.

He wants to make money and at the same time he wants to know if he can cast influence on the market, and so fart he is successful on both, unfortunately, he is also doing FUDS and harming the industry with his tweet about Bitcoin, and this is not good that one man is ruining the community just to make a profit.
sr. member
Activity: 1414
Merit: 255
Even though Elon Musk is the richest person, it cannot be denied that he has done so far in order to get more money "remember, if nature of people is greedy" no one hates money, although rich person
he will continue to do this as long as there are still many people who believe it
legendary
Activity: 2996
Merit: 1054
Leading Crypto Sports Betting & Casino Platform
Elon is not to be trusted from here on out!

Am sure with the crash that he single handedly influenced, chances are high he bought more cheat dogecoins and will be showering all sorts of praise for doge, before you know it it will be trading over a down and thats when he will dump and go for another coin.

With crypto if you have deep pockets you can control the markets.

If you know how to play with those whales chances to earn from this business is very possible, Musk is a well known businessman
everything that sorround him is about money.

Why would you gamble your investment with such kind of manipulative business person. You'll always have the chance to find your
own asset, this venue is for everyone though the advantage really been taken by those who have deep pocket as they can continue
playing along the waves.
hero member
Activity: 1834
Merit: 879
Rollbit.com ⚔️Crypto Futures
Elon is not to be trusted from here on out!

Am sure with the crash that he single handedly influenced, chances are high he bought more cheat dogecoins and will be showering all sorts of praise for doge, before you know it it will be trading over a down and thats when he will dump and go for another coin.

With crypto if you have deep pockets you can control the markets.
sr. member
Activity: 789
Merit: 273
I generally think he’s just trolling, having a bit of fun at other peoples expense (eventually). DOGE has no future really, some people have made money on it but it’s a total shitcoin with a near unlimited supply. Stick with bitcoin & you will be OK.
I agree he is just purely trolling the people and manipulating the market. Even before, Dogecoin is just for entertainment only. No serious development. It's made for making system payment as a joke. I think Elon wants to make fun of it. That's why he is tweeting about dogecoin, and people are buying with his words as he is a big influencer. I don't think he will support it in the next few months or so.
legendary
Activity: 3304
Merit: 1617
#1 VIP Crypto Casino
I generally think he’s just trolling, having a bit of fun at other peoples expense (eventually). DOGE has no future really, some people have made money on it but it’s a total shitcoin with a near unlimited supply. Stick with bitcoin & you will be OK.
member
Activity: 744
Merit: 10
Syntrum.com
-snip-

That's right, they have a team that can spot crypto market trends with the number of teams they have, I don't know how much Bitcoin they have, but if Elon musk still keeps Bitcoin, I think he will see the portfolio he has going down in price. I hope this kind of situation will not happen in the future, we have a lot of community members and I believe this big correction is happening to pump BTC prices to reach the new ATH by the end of the year, let's see what will happen at the end of this May.
sr. member
Activity: 2842
Merit: 326
Vave.com - Crypto Casino
I don't know what Elon Musk is thinking right now, but what is certain is that Elon Musk's prank some time ago has succeeded in making a lot of losses due to the market crash, I think what Elon Musk is doing now is only for his personal gain, and according to my elon musk is one of the causes for the crash of the market today
That has been a long time ago, because basically every human being only thinks about profit for himself and Elon Musk also never said that he wanted to do good by sharing profits for everyone in crypto. Grin Grin
I believed he is doing all these tweets to show that he has much influence on the price of DOGE he is rich and his action is damaging the reputation of cryptocurrencies, I had been on receiving end of non crypto individuals who feel happy about our losses that had been incurred as a result of the present massive dumping of the price of Bitcoin.
However irrespective of the dumping of the price I believe the price will rally up and continue with the bullish trend this time without Elon Musk.
full member
Activity: 756
Merit: 100
In my opinion, Elon Musk only wants to enrich himself, he is an individual investor, influencers like Elon will be very easy to pump and dump by just tweeting, therefore I don't trust Elon anymore.
sr. member
Activity: 1386
Merit: 250
1XBit.com
It's hard to know Elon Musk's true goal with Dogecoin. But I think Elon Musk did it because he planned to take Dogecoin to the moon with one of his companies, SpaceX
He uses Doge as a buying ticket to get known in the crypto world but later on, it has to see that he is now promoting his companies. I put this in thinking that Elon Musk has one goal and that everyone knows him and also his companies. If he had a lot of supporters and followers, that easy for him to manipulate the market and these people's minds.

This is not literally a joke but this causes a huge change in the direction of the crypto market. And what we have experienced these days, is the result of his doings.
I don't know what Elon Musk is thinking right now, but what is certain is that Elon Musk's prank some time ago has succeeded in making a lot of losses due to the market crash, I think what Elon Musk is doing now is only for his personal gain, and according to my elon musk is one of the causes for the crash of the market today
hero member
Activity: 2982
Merit: 610
It's hard to know Elon Musk's true goal with Dogecoin. But I think Elon Musk did it because he planned to take Dogecoin to the moon with one of his companies, SpaceX
He uses Doge as a buying ticket to get known in the crypto world but later on, it has to see that he is now promoting his companies. I put this in thinking that Elon Musk has one goal and that everyone knows him and also his companies. If he had a lot of supporters and followers, that easy for him to manipulate the market and these people's minds.

This is not literally a joke but this causes a huge change in the direction of the crypto market. And what we have experienced these days, is the result of his doings.
full member
Activity: 1274
Merit: 115
★Bitvest.io★ Play Plinko or Invest!
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.
He is also an investor so his main goal is also profit like all the other investors out there.
He is playing with it and also invested on it so he wants to get it higher so his profit would also be big.
For me there is only two reason why you would invest on something it is either for the profit or he wants to help the project to succed.
I don't know why Elon would want it to succeed when it's own developer or creator already abandon it?
sr. member
Activity: 1204
Merit: 250
I see Elon musk to be an influencer for dogecoin not necessarily because anyone is paying him, but because he holds a substantial amount of the coin which could be one of the reasons why the coin is pumping. Several persons are joining to hold dogecoin and we may have more significant increase if this continues.
Your advice is good for Elon Musk, but can you pass this advice straight to Elon Musk so he knows and we can all hope that he is aware of what he's been doing in the last few months in crypto?
donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
If he’s the whale holding a massive amount of Dogecoin as has been speculated, his goal is simple. Make a ton of money manipulating people who don’t know better. He didn’t become the richest man in the world by not making money. I’m sure it’s all a joke to him, and he’s probably downright giddy that his joke has made him tens of billions of dollars. I doubt he’ll be using the money to make people whole who followed him into this shitcoin mess.
legendary
Activity: 1792
Merit: 1296
Crypto Casino and Sportsbook
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. 
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
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 don’t know if he is speculating on doge.
But the fact that a man like Musk is pumping a coin ... it makes me sad.
I really think that is what he is doing, despite how many people admire him he is not a good businessman, his companies lose money and he asks for all kinds of free money, it is possible that he is thinking about all the easy money he can make by manipulating the markets, but he needs to be careful, what he is doing is illegal in the stock market and taking into account that many agencies of several governments are putting more attention to this market it is possible he will be eventually charged for manipulating the market on his favor.
full member
Activity: 1946
Merit: 112
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.

My opinion is that Elon Musk is speculating on the price of Doge Coin and, of course, like many others, he just makes money. The fact is that Doge Coin itself does not carry any value, but its price before the growth was negligible, which made it possible for Elon Musk to easily increase it by a large number of times. And now you can calculate how much you could earn if you bought Doge Coin before the growth and sell it now. Would you get a huge income and you think Elon Musk did not make money on this? Of course, he and other knowledgeable people made very good money. If there is a global fall in the crypto market, then the price of Doge Coin will also fall and I do not think that Elon Musk will support it.
full member
Activity: 1890
Merit: 101
I see Elon musk to be an influencer for dogecoin not necessarily because anyone is paying him, but because he holds a substantial amount of the coin which could be one of the reasons why the coin is pumping. Several persons are joining to hold dogecoin and we may have more significant increase if this continues.
^ surely Elon has a lot of Dogecoin in his bag, it would be impossible if he had made Dogecoin famous without any personal gain. Dogecoin was created just for memes by its creators, so there was actually nothing special about this coin before Elon made a scene.
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