What is Elon Musk's goal with Dogecoin? - page 8.

arifteguhr

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Quote from: MadeMen on May 06, 2021, 07:46:06 PM

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.

Even though no one pays Elon Musk but he definitely gets a profit from the investment he makes. You never know at what price Elon Musk buys Dogecoin and will also sell it.
predicting about elon musk's tweet also can't guess when he will make it. what is clear you have to be careful when trading on Dogecoin because the level of voting is quite high.

john1010

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In my opinion Musk's job and goal is to get doge trader money by doing a great job by huping them, we all know that Doge is the oldest shitcoin around the market, and if you are a serious trader you can never add doge in your portfolio, why many draw to doge of course they want profit, but in the long run if the whales behid doge begin to dump their holding many will cry and lost big money.

cyriljundos

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i think elon musk goal is to make doge coin in top 3 of altcoins, elon musk probably invest in million dollar for doge coin. he hype so much doge coin and traders are buying and big company are engage in holding doge coin. doge coin also good coin and platform of it is excellent.

Lanatsa

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Quote from: Maschine32 on May 05, 2021, 11:54:24 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.

No one knows on whats his intent behind those tweets about Dogecoin but one things for sure that no one will really be ignoring on making money with this market.

Whats if he do aim on making money on Doge? What can you do? It is just on the community on making out those actions on why the market is rising up.

Fomo is a common thing where everytime theres been shilling and advertising on a particular coin or being hyped up then these are common scenarios that do happen.

Kabul

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Quote from: Maschine32 on May 05, 2021, 11:54:24 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.

He has decided to stay away from doge. He said that there are a few major doge wallet holding big number of coins and it is awful

No matter what, doge is a funny coin created to bring meme and happiness for the people. Right now, the mission has been fulfilled. Personally, I will choose to stay away from buying doge because it is overpriced. Buying doge at the moment can only be result in loss

MadeMen

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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.

tippytoes

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Quote from: Coin-1 on May 06, 2021, 07:24:11 PM

In my opinion, DOGE is not a shitcoin. It's considered a classic coin and meme created for charity in 2014. Since Dogecoin had low transaction fees, a lot of traders often bought this coin in order to transfer their funds from one cryptocurrency exchange to another.

Perhaps Elon Musk curiously looks at the community's reaction to his posts on Twitter. I guess he is learning to create a stir in the market and at the end he wants to show some kind of social or psychological experiment. I wouldn't be surprised to hear that the Tesla company was buying not only Bitcoin. Anyway, DOGE is currently rated 4th on CoinMarketCap, so Elon Musk who is one of the richest persons in the world has already reached his goal.

Yes, never expect that it will reach the top 4 position toppling all the other well-founded projects. But anyhow, it is true that doge has use case before it becomes to what it is today. It is mainly used for transfer purposes of many crypto users because of its very low transaction fee. And you can find it also in many gambling sites. However, this being with low transaction fee, I believe is not true anymore today. If you compare the doge withdrawal fees in exchanges with other known alts, it is now becoming expensive. So being the transfer purpose may not be true anymore. The doge dev team needs to find another good use case for this project. Otherwise, once Elon is thru with this coin, this will fall down again.

Wenderson22

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Renampun

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Quote from: Maschine32 on May 05, 2021, 11:54:24 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.

The goal is very simple IMO, is to create a profit on Dogecoin that he holds...
Elon has claimed many times that he just wants to make jokes about Dogecoin but many will not believe him completely. Dogecoin has flown 10,000x in the last 5 months, that's crazy.

Coin-1

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In my opinion, DOGE is not a shitcoin. It's considered a classic coin and meme created for charity in 2014. Since Dogecoin had low transaction fees, a lot of traders often bought this coin in order to transfer their funds from one cryptocurrency exchange to another.

Perhaps Elon Musk curiously looks at the community's reaction to his posts on Twitter. I guess he is learning to create a stir in the market and at the end he wants to show some kind of social or psychological experiment. I wouldn't be surprised to hear that the Tesla company was buying not only Bitcoin. Anyway, DOGE is currently rated 4th on CoinMarketCap, so Elon Musk who is one of the richest persons in the world has already reached his goal.

Papsie

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I think Elon Musk just want to prove what he is truly capable of. Just think of this, all among the existing currency is crypto, why did he picked doge? If he just want some profits, we all know that therr a re a lot of other coins that is way more better to buy than doge, so it means taking profit is not his goal. My speculation, he picked doge which known as meme and sh*t coin because he wants to show to all the people including larrge investors and whales that he can change anything from nothing to something in crypto space. Actually he already caught the attention of large scale investors in crypto saying that they will not tolerate Elon Musk to do to other coins what he did in doge. He just added his power, influence and connections. I'm just speculating.

mamiko

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Elon Musk said he loved the Dogecoin. dogecoin people's coin said. But what I was wondering was if Elon Musk liked the dogecoin before bull season. Was he so interested in him? I'm not sure about that. I think there is something else behind it. I don't think elon musk wouldn't be so many Dogecoin fans if he didn't have an interest. I hope I'm wrong. but I don't think he will say good things about Dogecoin during the bear season.

FIFA worldcup

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Quote from: Maschine32 on May 05, 2021, 11:54:24 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 am not happy with Elon Musk tweeting about this coin. There are thousand of good projects in the market and he could have chosen them for the investment. He is losing his creditability when he is promoting a shit coin. What's a difference between him and other pump dump groups Huh

noormcs5

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Quote from: Maschine32 on May 05, 2021, 11:54:24 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.

Why would anyone be tweeting about a Meme coin unless his secret mission is not to earn money from this dogecoin. I am sure he has bought a lot of dogecoin when it was worth few satoshi's. Now since he has a bag of dogecoin with himself, he is making the price pump with his tweets. He is doing nothing positive fundamentally for this coin to grow.

JohnBitCo

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Quote from: Maschine32 on May 05, 2021, 11:54:24 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 think Elon Musk will keep on tweeting about the doge coin until he gets a response from the crypto community. The effect of his tweets get the dogecoin price to pump but this will not continue forever if he tweets regularly as he is doing now a days. Sooner or later, people will not take his tweets seriously and we won't see people buying dogecoin on his tweets.

kram31

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Quote from: Maschine32 on May 05, 2021, 11:54:24 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.

Dogecoin was one of the pioneering altcoins here in this field of business industry for a couple of years. This coins also is one the sleeping
giant here in cryptocurrency, imagine for several sleeping now all of a sudden in just Elon Musk tweet the price of Dogecoin was kicked in the market, just like a bomb explode. But for me, all He said was really an speculations, its all coming by a chance only that most of the doge lover followed his word and hyped methods.

DoublerHunter

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Quote from: Maschine32 on May 05, 2021, 11:54:24 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 think Elon Musk has bigger plans compared to what he has publicly disclosed and also what we have known. Elon Musk is a very influential person. He can get to a board anytime he wants (90% of the time). Like who the hell would decline Elon Musk as a business partner? I think you now know where would my story goes. Elon Musk might be planning on joining a board or a team that would develop cryptocurrency. That is the reason why he is trying to promote it personally (though it is being shown naturally and no agendas).

rahmathidayat93

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Quote from: Bilgent on May 06, 2021, 04:12:22 PM

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.

Dogecoin is not Shitcoin, because Dogecoin has been in the crypto space for a long time even though in the past it was very cheap and even very far from its current price, because Shitcoin is not seen from its cheap price but from its resilience in the crypto space and how long it can be valuable, because Shitcoin is termed a token that is dead and has no value at all.

cryptoperkele

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Quote from: Maschine32 on May 05, 2021, 11:54:24 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.

He doesn't need the money, and tweeting for gains would just be market manipulation and he would be insane to risk lawsuits with it. If i recall right he just likes it and would have bought it if the main wallet wasn't holding 25% of the coins (which makes it unpredictable and highly manipulative). I think he is just having fun tweeting and memeing.

Bilgent

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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.

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