Why Elon Interested in Dogecoin? - page 3.

wheelz1200

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Quote from: asriloni on May 10, 2021, 10:04:58 PM

Quote from: DanielBroonze on May 10, 2021, 07:46:42 AM

As, we know that Btc & ETH are the top two Crypto in the market but I am confused why Elon interested in Dogecoin?

It's caused by he was an agenda for doge coin. Remember that elon was mentioning on his tweet if he needs a crypto that can be used in mars and doge coin is including on his project.
he was also buying lots of doge coins and you must see that there are some addresses that owned more than 50% of total supply.
Elon will not buy something if that will not be really useful for him. The communities have been talking about this since at the end of last year.

Lol how do some addresses own more than 50% of the coin. I mean doesn't math tell you only one address could ever own more than 50% of anything. If you mean some addresses combine to own 50% of the coin those are just exchange addresses. It's a shame but most new people enjoy leaving their crypto on exchanges and use them as a wallet...the pain they will eventually see by that decision will hurt. Hard lessons will be learned.

wheelz1200

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Quote from: DanielBroonze on May 10, 2021, 07:46:42 AM

As, we know that Btc & ETH are the top two Crypto in the market but I am confused why Elon interested in Dogecoin?

It's a complete joke to him. The power he can get from turning people on to a complete joke probably is just a power trip. Doge offers nothing to the crypto sphere. It's just a clone joke coin based on memes. There is no way any real company takes it serious and actually utilizes it as a payment source.

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Quote from: DanielBroonze on May 10, 2021, 07:46:42 AM

As, we know that Btc & ETH are the top two Crypto in the market but I am confused why Elon interested in Dogecoin?

I saw Dogecoin having a huge price hike when Elon tweeted, The real fight is between fiat & crypto. After considering it, I support the latter. Musk has previously compared bitcoin to other coins and has frequently tweeted about cryptocurrencies, causing bitcoin and dogecoin to fluctuate in value. This is what causes Dogecoin to go higher, it's just that we are waiting on which Altcoin Elon will provide support. I don't know for sure the real reason why support Dogecoin.

elon promoting dogecoin is not good even if it is a cryptocurrency it makes Bitcoin look bad because instead of promoting a legitimate currency like Bitcoin he choose to pick a meme coin which has now branded Bitcoin as a joke.

haasanjui

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Dogecoin is released in 2013. It is altcoin with many users. Elon musk twitter one word "Doge" and then its price rose 20%. I not now why Elon Musk interested in Dogecoin. Elon musk made many twittes about Dogecoin which take Dogecoin price on moon. Maybe Elon making famous it for his own benifit but it is uncleared that how much Elon invested in Dogecoin. Maybe there is an other reason. Maybe Elon purchased Dogecoin and after giving fame to the coin he sold it and got big profit.

mamesso

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Elon musk is a reliable investor in the crypto market, and he was the number one person in the tesla company which made him one of the most influential people. This opportunity was used by Elon Musk to increase the prestige of Dogecoin, he bought as many dogecoin as possible before making some silly tweet about doge on his twitter account, Just look at Elon Musk followers on his social media account, he used his fame for personal gain, although some of his followers can get results from the elon musk effect, but not as much as he got.
my assumption, Elon Musk isn't that interested in Dogecoin, he only uses doge for his personal gain. The proof is that Elon Musk is like a mute and there is no action after the doge drop to a low point.

5thFear

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Well, if you haven't figured it out, Elon is and was never interested in Doge. He used it as a decoy. His main investment went into Bitcoin. Also i believe that he would have invested in doge before tweeting about doge and then cashed out. Made a fool of the rest of the crypto community and would had made good profits.

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Quote from: DanielBroonze on May 10, 2021, 07:46:42 AM

As, we know that Btc & ETH are the top two Crypto in the market but I am confused why Elon interested in Dogecoin?

I think my assumption is that Elon Musk has a deal to deal with the Dogecoin team. they have a specific purpose why elon musk chose doge. I don't think it's a coincidence but it's been planned for a long time.

iged_war

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Quote from: Chathusand on July 28, 2021, 01:41:32 PM

The reason is simple. it's profitable, and it's more profitable and easier to control than Bitcoin or Ethereum. Furthermore, I can't think of any other reason.
But I'm curious as to why Elon Musk chose Dogecoin over other cryptocurrencies. Is it because there are so many members in the Dogecoin community? Only Elon Musk, I believe, could provide an answer to this topic.

as fun token maybe elon musk thinking it will attract new buyer if shill this coin. and also i see another purpose why elon musk shill doge coin , as ever said in his tweet elon said mass cryptocurrency was needed so everyone could have it. And if look from doge coin supply maybe be reason of this tweet. since of that we see alot new project with billion supply and unfortunately investors trapped on market cap analisys and ignore another important factors.

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Quote from: cunguks on July 31, 2021, 06:10:32 AM

Quote from: indah rezqi on July 31, 2021, 06:07:42 AM

Quote from: DanielBroonze on May 10, 2021, 07:46:42 AM

As, we know that Btc & ETH are the top two Crypto in the market but I am confused why Elon interested in Dogecoin?

Elon Musk interest in Dogecoin is a personal matter for him in my opinion. I think your question is good to find the answer for us to make a strategy in choosing our coin of choice. For me, we can learn from Elon Musk who is more interested in Dogecoin than BTC and ETH.

From what I see, Elon must have considered a very strong holder, price, and market. dogecoin is not a new asset in the crypto market. they are very long, sticking with their loyal community. Dogecoin grew their market that was once seen as worthless, so now Elon knows how much potential he can make for the huge Dogecoin market.

It's not wrong friends. That Dogecoin is not a new coin in the crypto space. That's why I say that Elon Musk's interest in Dogecoin is a personal matter. I'm sure, with Elon Musk's persistence on the glorified coin, surely one day he will get what he wants or his goal.
Likewise with me who is interested in BTC.

David.Jack

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Elon is invested with a lot of Dogecoin that why he is tweeted about Dogecoin to make it more popular and profitable for his individual investment.

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Quote from: indah rezqi on July 31, 2021, 06:07:42 AM

Quote from: DanielBroonze on May 10, 2021, 07:46:42 AM

As, we know that Btc & ETH are the top two Crypto in the market but I am confused why Elon interested in Dogecoin?

Elon Musk interest in Dogecoin is a personal matter for him in my opinion. I think your question is good to find the answer for us to make a strategy in choosing our coin of choice. For me, we can learn from Elon Musk who is more interested in Dogecoin than BTC and ETH.

From what I see, Elon must have considered a very strong holder, price, and market. dogecoin is not a new asset in the crypto market. they are very long, sticking with their loyal community. Dogecoin grew their market that was once seen as worthless, so now Elon knows how much potential he can make for the huge Dogecoin market.

indah rezqi

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Quote from: DanielBroonze on May 10, 2021, 07:46:42 AM

As, we know that Btc & ETH are the top two Crypto in the market but I am confused why Elon interested in Dogecoin?

Elon Musk interest in Dogecoin is a personal matter for him in my opinion. I think your question is good to find the answer for us to make a strategy in choosing our coin of choice. For me, we can learn from Elon Musk who is more interested in Dogecoin than BTC and ETH.

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Quote from: viananda2525 on July 31, 2021, 03:00:27 AM

that is the true answer why elon musk continuesly shilling doge coin, profits be main his purpose involved in this market. He saw this market have huge potency to growth more than current condition , he exactly right when use his power to influence investors in doge.

Elon Musk popularity was initially highly appreciated by many as he is the richest person in the world and also involved in crypto, but all he did was increase the manipulation of doge coins rapidly for his own profit purposes. Now his talk is no longer being responded to by investors and traders.

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Quote from: DanielBroonze on May 10, 2021, 07:46:42 AM

As, we know that Btc & ETH are the top two Crypto in the market but I am confused why Elon interested in Dogecoin?

I once read in a reply to a tweet on February 24 when Magnus Carlsen asked Elon Musk why he likes Doge Coin? then he answered it with very simple words, because he likes memes and dogs, this is indeed a reasonable answer, but according to my personal assumption he likes doge coin because he can get big profits in a short time by manipulating prices.

I don't know what to say about the reason behind doge but it sounds genuine, so his not in it for the profits.

Quote from: DanielBroonze on May 10, 2021, 07:46:42 AM

As, we know that Btc & ETH are the top two Crypto in the market but I am confused why Elon interested in Dogecoin?

Nobody really knows his crypto portfolio, for all we know is Elon is the money behind dogecoins gains, and why he is really interested in that coin we all don't know..

By the way Elon Musk could have invested in most of the well known coins besides doge,btc, eth and his not telling the world his true jems.

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Quote from: tabas on July 28, 2021, 01:55:58 PM

He likes meme? well, Dogecoin is the coin that he saw that he can easily manipulated because there's no more control on it and it got an unlimited supply.
The devs were already out and it's now going to be there until all of us stops buying and using it. Elon just sees the things that we don't with things and that's why he's successful and many hates him if it's related to crypto.

i think elon like doge coin cause he have possibiliy by manipulating market to earn as much as profit he can. when we trapped in his game and againts the markt direction we will easily loss our money. When decided invest in crypto market , elon know that he can doing alot things with this popularity and dogecoin maybe be the first test for it.

Quote from: ?? on ??

I once read in a reply to a tweet on February 24 when Magnus Carlsen asked Elon Musk why he likes Doge Coin? then he answered it with very simple words, because he likes memes and dogs, this is indeed a reasonable answer, but according to my personal assumption he likes doge coin because he can get big profits in a short time by manipulating prices.

that is the true answer why elon musk continuesly shilling doge coin, profits be main his purpose involved in this market. He saw this market have huge potency to growth more than current condition , he exactly right when use his power to influence investors in doge.

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Quote from: tabas on July 28, 2021, 01:55:58 PM

He likes meme? well, Dogecoin is the coin that he saw that he can easily manipulated because there's no more control on it and it got an unlimited supply.
The devs were already out and it's now going to be there until all of us stops buying and using it. Elon just sees the things that we don't with things and that's why he's successful and many hates him if it's related to crypto.

what you say may be true but is it true, that the purpose of what @elonmusk is doing is not just for a specific purpose. if it has been done with success then he will ignore and don't want to see that again. so that many are disappointed with actions that only aim to benefit themselves, even though it may be seen from his background as an entrepreneur that is his goal, to make as much profit as possible and he will not see the next effect which ends up hating him a lot because of this behavior. because many are disappointed with what is being done not only with Dogecoin it will happen later.

tabas

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He likes meme? well, Dogecoin is the coin that he saw that he can easily manipulated because there's no more control on it and it got an unlimited supply.
The devs were already out and it's now going to be there until all of us stops buying and using it. Elon just sees the things that we don't with things and that's why he's successful and many hates him if it's related to crypto.

Chathusand

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The reason is simple. it's profitable, and it's more profitable and easier to control than Bitcoin or Ethereum. Furthermore, I can't think of any other reason.
But I'm curious as to why Elon Musk chose Dogecoin over other cryptocurrencies. Is it because there are so many members in the Dogecoin community? Only Elon Musk, I believe, could provide an answer to this topic.

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I think Elon Musk would have made less profit if he had talked about another good quality project. Elon Musk's profit margins are much higher because of the Dogecoin relationship. This is why Elon Musk is talking about Dogecoin. There is no other reason.

Elon Musk's economic power and popularity can manipulate the price of Bitcoin. For no other reason than for fun when he played with DOGE. It's also true to its name, that DOGE was created just for fun.
Elon is too easy to control the cryptocurrency market. However, he can't control the smart people in the cryptocurrency world.

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This is my own opinion and sorry if I'm wrong.
looks like the doge team and elon musk like a collaboration to be able to become controversy. where doge has a high price increase and elon musk has the advantage over tesla.
looks like this has been designed. sorry if my statement is like a fantasy

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