What is Elon Musk's goal with Dogecoin? - page 7.

lixer

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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.

He may keep tweeting or may not but I am sure before end of the bull market, he might take dogecoins into 2nd or 3rd rank in coinmarketcap in most probable case. If he will be able to take dogecoins within top 3 rank then he might not need tweeting continuously. I mean dogecoin will keep promoting on itself. The goal of Elon Musk must be both making money from dogecoin pumping and making it as a prominent coin.

Quote from: Jackl87 on May 07, 2021, 06:51:58 AM

this was just a demonstration how a influential individual can control the masses with social media because then it would be a big hit for the whole crypto space.

But I guess his main goal would be being a big hit in this crypto space and for that he might have used social media as a medium to attract new investors. So, the final benefits must be only for this crypto space.

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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 after the bull market is over.

I really believe he does it just for fun and there is not big agenda behind it to make Dogecoin the new king of cryptos or something like that. I can imagine though that he bought a lot of doge before he started his shilling because in the end he is a human like everyone else and if he can make some additional money with little to no effort than he will do it even though he is already one of the richest (maybe even the richest) person on the planet right now. I just hope he is not doing a big reveal in the end that this was just a demonstration how a influential individual can control the masses with social media because then it would be a big hit for the whole crypto space.

Tomtomwole

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i think Elon ha a mission of making doge one of the top coins and will keep rooting for it. he already said people should invest wisely but he is particular about making something meaningful out of dogecoin which was created as a mockery token of the innovation.

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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 after the bull market is over.

I don't think he wants to make money, he is already filthy rich and has other things in mind. I think he is very interested in the Internet and crypto currencies, so buying them is just natural for him. On top of that I heard him say that he doesn't want to own many things like houses or cars. So somewhere he needs to put all his money, so spreading it crypto currencies is fine.

TopTort777

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Quote from: so98nn on May 07, 2021, 04:54:05 AM

The news is Elon Musk is holding lots of DOGE in his sons name and he wish to profit from the DOGE or at least bring the doge to such price or value that his Son would be startled with the ideology of his father. Since he is holding the DOGE, it’s clear he won’t be stopping real soon. He will keep pumping the doge with the help of his tweets and might wanna see the prices roaring above 1-10 USD.
I completely believe that Elon is visionary and he would only end this process after he gets some billions in his pocket through DOGE. Free money who does not want it ? Thoughts?

Elon Musk has already "billions in his pocket". Do you really think he needs more? Of course there is never enough, but he does not spend much. I never heard "Elon Mush bought all top10 luxury cars" or "Musk bought himself another plane" and etc. If he was like Floyd Mayweather, that never wear a single pair of sneakers two times, or buy watches that cost millions, that I would understand that Musk just wants to earn through dogecoin. But he is different. Sometimes I think he does not even realize anymore why he pumps crypto.

so98nn

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The news is Elon Musk is holding lots of DOGE in his sons name and he wish to profit from the DOGE or at least bring the doge to such price or value that his Son would be startled with the ideology of his father. Since he is holding the DOGE, it’s clear he won’t be stopping real soon. He will keep pumping the doge with the help of his tweets and might wanna see the prices roaring above 1-10 USD.
I completely believe that Elon is visionary and he would only end this process after he gets some billions in his pocket through DOGE. Free money who does not want it ? Thoughts?

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Quote from: DraGonD on May 07, 2021, 02:33:26 AM

There could be two options.
He just a memer and do it ironcly OR
He has really big bag of it

Agreed and that's what im thinking about. Sometimes i was thinking if elon was intentionally creating doge caused by he was investing in doge coin. maybe elon wants use doge coin as a currency for his project to the mars. Cheesy

The answer about this still a big mistery for the crypto users but i do believe elon will be revealing it in the future.
The doge coin market is so crazy waiting for another tweet from elon musk. These days the price and demand can be drived easily by the tweet from the big name in the world.

Godwinpaul

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Elon musk is a billionaire and I know one thing that is common with wealthy individuals is that they understand the value of time and don't give their time to unproductive Ventures. It may be easy to think that Elon musk has a lot of money and don't want any more from dogecoin, but that's untrue. Elon musk wants more more money than most of us.

plr

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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 after the bull market is over.

We never know, until the bull trend is over but before that happens he already made a lot of money from DogeCoin hype, if you are a Dogecoin investor, and you keep buying Dogecoin, be sure you know all the latest updates about Musk support on Dogecoin, you could end up a bag holder of Dogecoin missing profits when the time that Dogecoin is crashing, I doubt if Dogecoin can keep up after the bull trend.

CoinComputer

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Quote from: acdc on May 06, 2021, 09:44:24 PM

I don't know what Elon Musk is going to do with his Doge holdings, but the recent doge price hike depends too much on his words.
A coin manipulated by one person is dangerous for small investors, be careful if you want to invest in Doge.

Agree, when the eventual cycle downturn happens and it falls in price, people who haven't gone through a full cycle are going to get stung. Hopefully people aren't throwing life savings at this as it will eventually get ugly ... very ugly.

DraGonD

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There could be two options.
He just a memer and do it ironcly OR
He has really big bag of it

lxiaoh

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For money，even he is a super rich person，but it is the nature of a businessman to pursue profit，so i dont see any other reason that why he keep tweeted about Dogecoin，except money.

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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 after the bull market is over.

Right now we can get into the bull market because Elon Musk entered cryptocurrency. I don't know if Elon Musk's goal is to continue promoting DogeCoin. Is it because Dogecoin is the same as bitcoin? abandoned by the developer and currently no one is in control.

Quote from: devollito on May 07, 2021, 01:37:03 AM

Elon did this probably for joke only and many people make it seriouse tweet. Remember when he sell flamethrower ? He also said, dont buy it. But people still buy the flamethrower. And thats the reality of " How this world work today ".

Famous people have a huge influence on the business world. Not only Elon Musk, CZ also tweets can fly coins . I guess that's how whales make trends. And some of them still buy it even if it's just a joke.

[moderator's note: consecutive posts merged]

devollito

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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 after the bull market is over.

Elon did this probably for joke only and many people make it seriouse tweet. Remember when he sell flamethrower ? He also said, dont buy it. But people still buy the flamethrower. And thats the reality of " How this world work today ".

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Quote from: acdc on May 06, 2021, 09:44:24 PM

I don't know what Elon Musk is going to do with his Doge holdings, but the recent doge price hike depends too much on his words.
A coin manipulated by one person is dangerous for small investors, be careful if you want to invest in Doge.

Personally, I think Elon wants to start a trend ... not just for the sake of making money, he has influence, status, money. He can make money in many different ways. In a sense, he wants people to freely choose a new type of money to make, this is really an opportunity not everyone can trust and grasp. somewhere, the risk of being a trap is not less.

isaac_clarke22

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Quote from: Adreman23 on May 06, 2021, 10:09:04 PM

~

Earning from it could be just like a cents from someone like Musk already.
Aside from what I said earlier here in the thread, he could be just meme-ing out of the coin because if he is indeed serious about investing Dogecoin, he could've said something a thing or two on his thoughts about the mentioned coin.

Adreman23

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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 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.

acdc

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I don't know what Elon Musk is going to do with his Doge holdings, but the recent doge price hike depends too much on his words.
A coin manipulated by one person is dangerous for small investors, be careful if you want to invest in Doge.

J1mb0

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We all know that Elon Musk holds a lot of Doge, so it's natural for him to support it.
But people do not forget that he is a businessman, until he feels the profits are enough he will leave the coin.

Psynthax

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I really think that he was at first just doing it for meme now that he found a way to somewhat exploit the market he try to use it to his advantage, I know he never disclose his doge holding but isn't it just strange that he always brings up about the matter of doge quite frequently without any meaningful motive behind it.
tbh, most of people who believe elon doing it for just meme are too naive, i'm pretty sure even the company he owns like tesla have some portion of doge as holding, just doesn't make sense to see a billionaire so commited to a coin just for the lulz.

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