I heard that some of his friends were crypto enthusiast and introduce dogecoin to him then Elon started to get interest in dogecoin. No doubt that he invested a lot of money in dogecoin and starting to tweet to manipulate the price.
It's a very natural thing for Elon to do because he also wants to make money through cryptocurrency, about him manipulating the price of Dogecoin, it's just part of a strategy that he can do even though it's not liked by many crypto people.
Topic: Why Elon Interested in Dogecoin? - page 4. (Read 1724 times)
I heard that some of his friends were crypto enthusiast and introduce dogecoin to him then Elon started to get interest in dogecoin. No doubt that he invested a lot of money in dogecoin and starting to tweet to manipulate the price.
If I'm not mistaken there is talk of SpaceX carrying out a mission to the moon in Q1 2022 and it is confirmed that SpaceX Receives Dogecoin to Launch Satellites to the Moon https://btcmanager.com/spacex-dogecoin-satellite-moon-q1-2022/ and another one Elon always support with his magic tweet for Dogecoin.
Because it is his favorite crypto. I guess Doge is his favorite token to trade because he said on his interview that he never sold his Bitcoin. I assume Elon is holding Bitcoin and Ethereum while trade Dogecoin.
Just like people in general, there is nothing wrong if Elon Musk invests in Dogecoin, only that the problem is the overreaction of his followers thus creating FOMO, and this is made worse because many stock players enter the cryptocurrency.
However, there is an interesting fact that recently happened, if you watch the video of The B World event, you will know that Elon Musk is not only investing in Dogecoin, but also in Bitcoin and Ethereum.
However, there is an interesting fact that recently happened, if you watch the video of The B World event, you will know that Elon Musk is not only investing in Dogecoin, but also in Bitcoin and Ethereum.
I know there is two biggest coin in crypto space which has a name Bitcoin and ethereum after that many coin come in this crypto space.
You have to know that elon musk is a big invester he had invest abount 1.5B$ in btc its mean that he has a big interference in cryptospace so I think he also bought alot of DogeCoin .
And in his tweet he mentioned doge to bullish his price and got some passive profit
You have to know that elon musk is a big invester he had invest abount 1.5B$ in btc its mean that he has a big interference in cryptospace so I think he also bought alot of DogeCoin .
And in his tweet he mentioned doge to bullish his price and got some passive profit
This is a big joke in this bull market, to me, it's almost meaningless if Elon doesn't take care of it and get me some extra money that I think it's free.
And maybe now more people will realize this like me, stop thinking about it, just see it as a way for us to see the madness in this market.
And maybe now more people will realize this like me, stop thinking about it, just see it as a way for us to see the madness in this market.
Doge coin has the same consensus algorithm as that of Bitcoin but with way too much total coins in circulation. The price is way cheaper but with the same technological architecture as bitcoin. Elon Musk has a way of taking advantage of the technology where people for an unknown reason, just pass it by. He has definitely a plan with the he incorporate it when his Paypal days are still in inception.
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 Elon musk interest and attention has been on Doge coin before now. However, Bitcoin and Ethereum can't be compared to Doge, that is, they are better and more trustworthy. Also, no one can actually shill Bitcoin and Ethereum they way they do for most of this Altcoins, Ethereum is backed by amazing technology so is Bitcoin, and the more people finds it interesting they more they Invest and the price keeps going up.
But in the case of Doge, there is no use case within it, and thus the best possible way to make it pump is through paying attention to it, pump it and cash out. This can be seen to be quite true because a good number of all these Meme coins are just for pump and dump.
So in my little understanding, the reason for more interest in Doge is for pump and dump, since it's quite easier.
Elon musk is a meme maniac he can actually pump useless coin but I think his most interest lies with doge and actually he seem so far in voicing some improvement for it several times so who know maybe he want to make doge the almost gaseless smart contract
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 he was just being bored and opened a random cryptocurrency list and the logo of the dogecoin as we know as a meme logo. And he started promote it and the price pumped hard. Other than that, the price was still cheap and he can make a lot of profits from it.
if those dogecoin fanatics read what you wrote they'll probably be pissed off at you, but you're right, there's no good explanation for a billionaire guy to leave really good altcoins to go invest in a meme altcoin and still say it's memes altcoin is good altcoin, that's insane and inexplicable.
Maybe in the early days of tweeting doge, he was not that serious but later on, when he found out about his influence in doge market, he started to get serious on it. Also, he mentioned in the recent B World conference that he also owns btc and eth. So he has interest also in these 2 top cryptocurrencies. Only that, he is more active in giving tweets about doge. And people are riding the hype.
I think he was just being bored and opened a random cryptocurrency list and the logo of the dogecoin as we know as a meme logo. And he started promote it and the price pumped hard. Other than that, the price was still cheap and he can make a lot of profits from it.
Yeah, since his image on the social media was really tight to meme i suppose he just bored and want some get more attention from the community and thus he choose to shill doge and beside that looks like have another intention to manipulate the market and get some profit from there, It's normal though. 
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 he was just being bored and opened a random cryptocurrency list and the logo of the dogecoin as we know as a meme logo. And he started promote it and the price pumped hard. Other than that, the price was still cheap and he can make a lot of profits from it.
if those dogecoin fanatics read what you wrote they'll probably be pissed off at you, but you're right, there's no good explanation for a billionaire guy to leave really good altcoins to go invest in a meme altcoin and still say it's memes altcoin is good altcoin, that's insane and inexplicable.
As, we know that Btc & ETH are the top two Crypto in the market but I am confused why Elon interested in Dogecoin?
he wants to pump up the price of dogecoin because surely he has it, there's no way he's just kidding with dogecoin because it's obvious that he's trying to manipulate the price of dogecoin. Elon is the most reliable dogecoin mockup.
As, we know that Btc & ETH are the top two Crypto in the market but I am confused why Elon interested in Dogecoin?
he wants to pump up the price of dogecoin because surely he has it, there's no way he's just kidding with dogecoin because it's obvious that he's trying to manipulate the price of dogecoin. Elon is the most reliable dogecoin mockup.
Money and profit are main reasons for everything as usual but as people mention one of main reasons is ego. He feels important and better than others in crypto when prove self he can make big impact with tweet and few words.
Yes, and another one is power through the assets he already owns so he can say anything through his Tweets to influence everyone who has followed him through his personal Twitter, so don't trust other people's words even if it's from the richest person in the world.Agree, true. Best way is to ignore his writings. If people stop to follow his words and react on it this euphoria and his impact on crypto and coins will stop. But we will see what will happen. People are not reasonable often so...
but I don't understand why he chose Dogecoin among the many altcoins. I think there must be a team behind Musk to help him. Musk has just entered the market, but he can have such a big impact on the market. His strength is very strong.
Doge was so easy to control and it can be manipulated easily at the time when doge coin gets pumped so hard. That being said if doge coin less decentralized compared with bitcoin and ethereum. Doge coin was very cheap last year compared with this year. that's why he may silently investing in the doge coin as well.
at that time doge had a low price and the transfer fee was cheap too. so that by buying at a low price, you will get most of the doge supply. and coupled with influencing his followers, it will launch the doge's goal of seeking personal gain. and of course many novice investors were disappointed at that time
They say that the supply of DOGE is infinite, and that is one of the most important factors some investors had missed, they think the price is good now but actually, it's already overvalued. With Elon's manipulation to the market, soon, he will become the enemy of the public and investors will not anymore listen to him, we learn from John McAfee story which was also a big shill during the 2017 bull run, and now, his reputation was already ruined int he crypto space. On contrary to that we have doge that is not used anywhere at all, no reason to be bought, only reason it is higher right now compared to last year is the fact that some wealthy guy joked about it on twitter and now we are basically just facing a huge overvaluation of it.
Elon Musk is interested in Dogecoin because I think he sees the price is still cheap and has blockchain technology which is almost the same as Bitcoin so I think he used Dogecoin to buy it in very large quantities and tried to make a profit by using his followers to buy Dogecoin.
right, at that time doge had a low price and the transfer fee was cheap too. so that by buying at a low price, you will get most of the doge supply. and coupled with influencing his followers, it will launch the doge's goal of seeking personal gain. and of course many novice investors were disappointed at that time
Because he has holded almost over 20 percent supply of dege with very much cheap price and that's why he pump the coin and so much interested to carry at maximum price.
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