What is Elon Musk's goal with Dogecoin? - page 6.

CryptoYar

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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?

Of course, he is making money with his tweets. He took the low-value coin and pumped it up and made a huge profit.
But to be honest, it seems that he will take dogecoin to $1 one day.
But what will happen to the dogecoin when it will reach $1 because dogecoin is a meme coin. No use case at all.

Quote from: ChaoChibai on May 12, 2021, 05:50:05 AM

Elon Musk absolutely has the power to convince people to invest on something that he has already positively said.

People are convinced because he is the world's richest person, nothing else.

Evgenklm

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most likely, Elon is a major owner of these coins, and to the best of his popularity, he tries to advertise the DOGE coin, as anyone would do in his place,and he is doing well.

ubercool

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People should not forget that before becoming the world's richest person, Elon musk was a techy and prankster and with doge coin he can prank the whole community. Doge is a meme coin, which never had any purpose. Elon is cooking something in his mind and we may never know what it is.

m.rifki

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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.

Looks like no, it doesn't make sense for him to do this forever. There will definitely be a phase where his followers get bored and he will stop tweering about doges. If the goal is certain to make a profit. So don't focus too much on the tweets he makes.

ChaoChibai

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Elon Musk absolutely has the power to convince people to invest on something that he has already positively said. But I'm pretty sure that Elon Musk see positive side of Dogecoin and not only tweeted about doge out of nowhere.

Republikcoin.com

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Who knows, Elon not only has the power to attract even more money, but he also has the power to change the existing system of cryptocurrency if he really wants to. But this is very dangerous if this happens, where the cryptocurrency community will no longer feel the pleasure of fighting with the strength of the community. We still really understand that the age of cryptocurrency is still very young, so its volatility is still very easily influenced by public figures who can easily manipulate news or create news to manipulate prices.
It's a sign that we are all still very confused and are still asking for opinions and suggestions from important people in the world regarding the question "Should I buy cryptocurrency or not?"
If the response of the richest figure in the world says, "Yes" then you will buy it, if he says "No" then you will sell it, Unless you are people who really dare to go against the flow

Gayong88

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I just think it's simple if I look at the development of Dogecoin, meaning that as long as the CEO is still accommodating, it will be certain that the price continues to move from the Doge ranking and has put himself in 4th position https://coinmarketcap.com/

Oppo57

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Doge coins are currently in a good position and good prices are rising very fast. Elon Musk shared his thoughts on doge coins through one of his pages. Doge Coin is definitely a good coin but I don't think everyone will invest in it because of Elon Musk.

ice098

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Quote from: tsaroz on May 11, 2021, 10:11:37 AM

I don't think Musk is doing it due to greed. He may or maynot be profiting with these hypes he create, but most of his tweets comes to challenge the establishment. He's a vocal supporter of crypto and decentralization. He likes to challenge the established economic system. He even spoke in favor of wallstreetbets which basically is a revolt against institutional control of free market.

Well I am doubting too that he was doing this out of greedy but the fact that he are earning a profit from Dogecoin will always in picture. Base on my research about Elon Musk he was enjoying doing things that was literally not a usual thing that every person are doing in life. Like when people are taking the same path with others and when he saw that many are following that path he will going to create a new path or if there were a path where no one else takes he will probably would take that path. Simply, he just wanted to prove the other way, like for example we are all full support to bitcoin but he found incredible things in Dogecoin so that's is why he is giving his support to this token.

affandi

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Elon Musk said Dogecoin is the future of currency. It is an unstoppable financial vehicle that will take over the world. "

I don't know if this is a joke, but for sure Elon musk also invests in Dogecoin, Elon Musk also tweeted "Cryptocurrency is promising, but please invest carefully!" with that video clip, Musk too, "that should be considered speculation at this point. So, you know, don't get too far into crypto speculation".

Andrews193

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Quote from: tsaroz on May 11, 2021, 10:11:37 AM

I don't think Musk is doing it due to greed. He may or maynot be profiting with these hypes he create, but most of his tweets comes to challenge the establishment. He's a vocal supporter of crypto and decentralization. He likes to challenge the established economic system. He even spoke in favor of wallstreetbets which basically is a revolt against institutional control of free market.

If Elon Musk doesn't have greed, what would stimulate him to do such crazy things, I believe he has also taken into account situations where the community is stimulated in such a way, a brilliant investor like him is too used to reading other people's minds, the selection for dogecoin may be random and he feels this project may rise more than others. Elon Musk has always been a fan of arrogance, the companies he contributes to show his personal character, is very confident and does things differently from the average person.

tsaroz

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I don't think Musk is doing it due to greed. He may or maynot be profiting with these hypes he create, but most of his tweets comes to challenge the establishment. He's a vocal supporter of crypto and decentralization. He likes to challenge the established economic system. He even spoke in favor of wallstreetbets which basically is a revolt against institutional control of free market.

uneng

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Quote from: Fredomago on May 10, 2021, 04:36:33 PM

Quote from: South Park on May 10, 2021, 04:27:26 PM

Quote from: Adreman23 on May 06, 2021, 10:09:04 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 after the bull market is over.

Obviously he does it because he want to make money. I think he owned a huge amount of dogecoins thats why he keeps tweeting about doge. In my own opinion he don't speculate because elon is super rich person and he has the power to pump doge using his money, power and influence. Yeah im sure he will keep tweeting about doge even if it is bull or bear market.

I doubt it, he is just having fun with all of this and I think it shows through everything he does when it comes to dogecoin, if he was really manipulating the market in order to make more profits to himself the SEC sooner or later is going to come for him and could sue him, Elon is too smart for this and he is never going to put himself in the position of getting in that kind of trouble with the SEC as most likely his lawyers have advised him about this topic in particular.

He have all the resources and all the information that he needs to prevent that to happened, before SEC sue him he already have a good alibis for such claimed.

Like what you have said he's too smart and always have someone to defend him, his sets of lawyers are the top as he can easily pay them out to secure his position.

He can make more money by bring the hypes we just dont know where it's coming /going to.

I believe it's really hard for a governmental agency to prove he is manipulating the market. That is a very fragile claim which can be easily refuted even with the support of an average lawyer (of course, if there it's an impartial judgement). Everything Elon Musk does is tweeting about dogecoin. How could that be considered manipulation?
People invest in doge because they want, and not because they are being promised safe returns or any other kind of advantage. It's a fact everyone in this market is aiming profit, what includes Elon Musk, but these people also know about the risks involved in crypto currency universe.

muksal

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I don't know whether there is another goal. But I think the main goal is helping it reach one dollar the least. And it looks like Elon Musk won't stop until it's achieved. I can't even imagine another main goal behind this support. Because this shitcoin was invented just for fun in the end.

Fredomago

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Quote from: South Park on May 10, 2021, 04:27:26 PM

Quote from: Adreman23 on May 06, 2021, 10:09:04 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 after the bull market is over.

Obviously he does it because he want to make money. I think he owned a huge amount of dogecoins thats why he keeps tweeting about doge. In my own opinion he don't speculate because elon is super rich person and he has the power to pump doge using his money, power and influence. Yeah im sure he will keep tweeting about doge even if it is bull or bear market.

I doubt it, he is just having fun with all of this and I think it shows through everything he does when it comes to dogecoin, if he was really manipulating the market in order to make more profits to himself the SEC sooner or later is going to come for him and could sue him, Elon is too smart for this and he is never going to put himself in the position of getting in that kind of trouble with the SEC as most likely his lawyers have advised him about this topic in particular.

He have all the resources and all the information that he needs to prevent that to happened, before SEC sue him he already have a good alibis for such claimed.

Like what you have said he's too smart and always have someone to defend him, his sets of lawyers are the top as he can easily pay them out to secure his position.

He can make more money by bring the hypes we just dont know where it's coming /going to.

South Park

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Quote from: Adreman23 on May 06, 2021, 10:09:04 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 after the bull market is over.

Obviously he does it because he want to make money. I think he owned a huge amount of dogecoins thats why he keeps tweeting about doge. In my own opinion he don't speculate because elon is super rich person and he has the power to pump doge using his money, power and influence. Yeah im sure he will keep tweeting about doge even if it is bull or bear market.

I doubt it, he is just having fun with all of this and I think it shows through everything he does when it comes to dogecoin, if he was really manipulating the market in order to make more profits to himself the SEC sooner or later is going to come for him and could sue him, Elon is too smart for this and he is never going to put himself in the position of getting in that kind of trouble with the SEC as most likely his lawyers have advised him about this topic in particular.

MrcMrc

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Elon Musk is a business owner and as an entrepreneur, his goals are to maximize profits, his tweets are all geared toward increasing his profits. So he will keep supporting dogecoin as long as he still holds dogecoin.

AzamNurWahid

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Money? Of course that's the main reason, especially since Elon Musk is the former CEO of GOGE and he owns around 28% of DOGE
I once read an article that discussed that
I am sure he will continue to tweet until his goal with DOGE is achieved

Natalim

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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?

He is the richest in the world, though he has a lot of money rich people will never be contented as they want more.
IMO, this is what Elon is currently doing, he is trying to increase his stash in crypto or in fiat, we don't know but his purpose is just to be profitable.

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

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

No, the bull market will not last a long period of time, he is just taking advantage of the FOMO and the market hype, he is wise but if we are not, then we will end up a bag holder of DOGE.

big kid

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I think it's not only about money. Yeah, he gains profits of it and definitely doge HODLer but i think he's having fun with it too.

Topic: What is Elon Musk's goal with Dogecoin? - page 6. (Read 1708 times)