Will Doge really go to the moon? - page 4.

Jackl87

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Quote from: coinremitter on February 20, 2023, 05:44:34 AM

Since we all know that dogecoin is getting backed by Elon Musk and people also want him to accept payment in dogecoin for his Tesla cars. And since his single tweet can give a boost to the price of dogecoin, what do you think?
Does Elon really take doge to the moon?
The majority of people are believing that Elon will do something and Dogecoin will hit $1 by this year. What do you think guys? Will tesla accept dogecoin as a payment? And the chances are high that other merchants do accept dogecoin as a payment.
Share your thoughts.

I don't really know if i would say that Elon Musk is backing Dogecoin. I mean he made a few tweets about it 1 or 2 years ago or so and that was pretty much it. Those tweets though were enough to make Dogecoin pump pretty hard and those tweets were also the reason why we had that huge wave of meme-coins appearing back then, which was definitely a bad thing for the whole crypto market.
Also i don't really think, that the majority of people really think, that Dogecoin will hit 1$ this year. This would be a x12 from here on and if that would be the case, then people would be already buying Dogecoin now if they were so sure that it will be at 1$ in only a few weeks. I would not expect to much from Dogecoin.

tvplus006

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To the Moon

Why is there still no pump at 300%?
An hour ago, Elon Musk posted a tweet in which he stated: "High time I confessed I let the Doge out" - https://twitter.com/elonmusk/status/1628328918964109313
On this occasion, I bought myself Doge, so as not to experience Fomo later.

Silberman

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Quote from: coinremitter on February 20, 2023, 05:44:34 AM

Since we all know that dogecoin is getting backed by Elon Musk and people also want him to accept payment in dogecoin for his Tesla cars. And since his single tweet can give a boost to the price of dogecoin, what do you think?

Does Elon really take doge to the moon?

The majority of people are believing that Elon will do something and Dogecoin will hit $1 by this year. What do you think guys? Will tesla accept dogecoin as a payment? And the chances are high that other merchants do accept dogecoin as a payment.

Share your thoughts.

There is no way for dogecoin to reach that price even if it had the support of Elon Musk, one dollar for each dogecoin is simply unthinkable and there are many reasons for this to be true, to begin with the market cap of dogecoin will need to grow at an incredibly rate, especially since you want this price to be reached before the end of this year, and such a thing is not possible when we are still so far away from the halving and by consequence the next bull run.

Oasisman

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Quote from: coinremitter on February 20, 2023, 05:44:34 AM

The majority of people are believing that Elon will do something and Dogecoin will hit $1 by this year. What do you think guys? Will tesla accept dogecoin as a payment? And the chances are high that other merchants do accept dogecoin as a payment.

Share your thoughts.

$1 this year doesn't seem realistic. We should understand first how much market cap does Dogecoin need to increase it's value up to $1. It's not going to be always the hype and the Elon effect, those will not entice massive investors because there were still a lot of promising alts in the market with a real use case.
Doge will hit that milestone in the coming years, but they must at least do something about its use cases, being a method for payment, all hype, and a meme doesn't seem sustainable to me.

philipma1957

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Not one post on the mining aspect of doge.
Not one post on the fact Doge never runs out of rewards for miners but still has an endless deflating rate for production.

year 1 = x total doge
year 2 = 2x total doge omg 100% inflation rate
year 3 = 3x total doge 50% inflation rate
year 4 = 4x total doge 33% inflation rate
year 5 = 5x total doge 25% inflation rate
year 6
year 7
year 8
year 9
year 10 = 10x total doge
year 11 = 11x total doge 10% inflation rate
year 12
year 13
year 14
year 15
year 16
year 17
year 18
year 19
year 20 = 20x total doge
year 21 = 21x total doge we are down to 5% inflation rate

I wish I was not 66 years old I wish I was 26 years old I would simply make bank on doge.

People think Musk wants to manipulate and make money with pump and dump. I say he sees this coin's long range staying power.

Remember Musk has tons of kids so he wantsa coin that will last no coin has the power this coin does.

year 50 = 50x
year 51 = 51x total doge coins only 2% inflation. Musk will be dead but he has 9 kids they will reap this long range coin

year 100 = 100x total doge
year 101 = 101x total doge down as low as 1% inflation. plenty of coins for miner rewards.

abel1337

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Quote from: coinremitter on February 20, 2023, 05:44:34 AM

Since we all know that dogecoin is getting backed by Elon Musk and people also want him to accept payment in dogecoin for his Tesla cars. And since his single tweet can give a boost to the price of dogecoin, what do you think?

Does Elon really take doge to the moon?

The majority of people are believing that Elon will do something and Dogecoin will hit $1 by this year. What do you think guys? Will tesla accept dogecoin as a payment? And the chances are high that other merchants do accept dogecoin as a payment.

Share your thoughts.

Even if Elon accepted Doge on all of his businesses I don't think it's enough for DOGE to hit the $1 price range. It is a bit high for a meme coin and I don't think is possible. It sucks that people believe that Elon can make DOGE reach $1. Even if he tweets multiple times, It will become less effective in a long run. Elon did bring the price in an absolutely high prices, reaching above the all time high is absurd and even we reached the next bull market, I think it will be hard to pump it back to the all time high price. I remember the days where DOGE serve it's purpose as a tipster token, I receives millions of it before but I absolute get unlucky on the exchange where I stored my DOGE.

lalabotax

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Doge really has been to the moon, but now, it seems difficult if it will be like before. Is Doge really capable of repeating that history? Moreover, this is still a bearish period. But to be honest I'm also not so sure if Doge was able to pass ATH before. Many altcoins actually lost ATH earlier in the next bullish period. This is probably because there are still a lot of new altcoins which will get more hype later.

But if some big news again supports this altcoin, there may be a chance. We may hope or expect that Elon musk will bring and make any big news related to Doge in the bullish era later. Although it may be difficult to gain the trust again from most people, at least, we may expect it.

redsun114

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Quote from: coinremitter on February 20, 2023, 05:44:34 AM

Since we all know that dogecoin is getting backed by Elon Musk and people also want him to accept payment in dogecoin for his Tesla cars. And since his single tweet can give a boost to the price of dogecoin, what do you think?

Does Elon really take doge to the moon?

The majority of people are believing that Elon will do something and Dogecoin will hit $1 by this year. What do you think guys? Will tesla accept dogecoin as a payment? And the chances are high that other merchants do accept dogecoin as a payment.

I wish I knew that so that I could buy a whole bunch of doge and hold them and wait for Elon Musk to Tweet about it. I wonder how could a coin have significant value if it's value solely depends on an individual influencer and other than his attention nothing else can make it have a better value.

Though I know that doge already has a pretty large community of users and holders but it doesn't really have any specific use case that I know of. I personally would never invest in a token for the sole reason that a celebrity might pump it sometime in future and that may give me some gains over my investment.

uneng

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Quote from: coinremitter on February 20, 2023, 05:44:34 AM

The majority of people are believing that Elon will do something and Dogecoin will hit $1 by this year. What do you think guys? Will tesla accept dogecoin as a payment? And the chances are high that other merchants do accept dogecoin as a payment.

Where did you see majority of people predicting DOGE is going to hit the 1$ mark this year? The last DOGE's ATH was highly speculative and I doubt the same impact will be felt on the next bullish season. It's really likely this cryptocurrency will have a nice progress, but something like 1$ doesn't look possible, because DOGE is pricing 8 cents right now, what means it has to grow x12,5 times in order to reach the 1$ mark.

It's like saying Bitcoin will hit 300,000$ this year or on the next bull run, what is also really difficult.

Furious 7

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Happened to the hype this billionaire created again actually but even though it's like that I don't think that he'll be back now.
The conditions will probably just be the same pump and dump as they have done before and this is a foregone conclusion because if this gets pumped then I think the people who are trapped will take advantage of this condition to get them out with the profits that it will end up being dump as it is when.

sana54210

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Quote from: Argoo on February 21, 2023, 03:12:57 AM

Quote from: michellee on February 20, 2023, 01:07:46 PM

I don't know whether Dogecoin will be supported by Elon Musk again or whether Elon Musk will move to another coin so that the price can increase. But Elon can indeed move its price up as we saw with Dogecoin some time ago.

It's possible that Dogecoin could hit $1 this year or the next and no one knows if that will happen or if it could just hit ATH yesterday again. This is still a mystery that no one knows and we should follow the market price. And as long as the price of Dogecoin can touch the peak price, that's the right price for us to sell Dogecoin and take profits.

To have good growth opportunities, Dogecoin needs to have additional useful features. Because there are already a lot of coins on the cryptocurrency market without such functions, and there is little chance of counting on another hype due to some actions of Elon Musk. This coin is unlikely to reach the price of one dollar. There are many much more worthy cryptocurrencies in this market than Dogecoin.

I think it will stay like this due to the hype that was created around it and unfortunately many people will keep on losing money on it as well. It just created this newly founded community around it after Elon and even after Elon stopped and even after the price crashed, it still has a bigger community than it used to have.

This causes it to go a lot higher than it used to and it has a bigger chance to go up in the future as well. I wouldn't buy it, I would never even consider it, but I can understand it at least, it's something that makes sense to a point where if there are enough people doing it, it's easy enough to get fooled about the community size.

Angula77

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Doge is supported by the richest man in the world. He needs his coin and it's better to just pick one that is already quite decentralized instead of launching his own coin. Nevertheless there are still some whales that he needs to eradicate.

I can see it going to mars. What if we finance mars mission with Doge? I see positive impact on the price.

Maybe soon Chinese people will pay for their Starlink subscription using Doge so they can surf freely on the open internet with a satellite connection and bypass their CBDC.

I admit it remains a speculative investment but Mr Musk has his own community of believers.

tvplus006

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Quote from: Xal0lex on February 21, 2023, 03:04:10 PM

Many people are waiting for this growth of DOGE, expecting some decisive actions from Ilon Musk, but I would not get my hopes up for him. Elon Musk is a fickle person, one day he will say one thing, and the next day the exact opposite of what he said. I would not be surprised if in the next bullrun he will start shilling a completely different project, like some other meme koin, FLOKI, or something like that. Don't trust what Ilon Musk says, he has already confirmed many times that his opinions are rapidly changing.

Yes, it is quite possible that Elon Musk has changed his priorities, otherwise it is very difficult to understand why he shill Floki - https://twitter.com/elonmusk/status/1625695877326340102 in his tweet of February 15, instead of promoting the Doge, as he did earlier.

Xal0lex

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Many people are waiting for this growth of DOGE, expecting some decisive actions from Ilon Musk, but I would not get my hopes up for him. Elon Musk is a fickle person, one day he will say one thing, and the next day the exact opposite of what he said. I would not be surprised if in the next bullrun he will start shilling a completely different project, like some other meme koin, FLOKI, or something like that. Don't trust what Ilon Musk says, he has already confirmed many times that his opinions are rapidly changing.

Shobhikhan_007

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I don't know about moon. But we can sure it will be pump until elon musk die. So risk your capitel if you want to gamble and make more money in short term.

Yaunfitda

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Quote from: hitsnorth on February 21, 2023, 08:32:44 AM

Quote from: tvplus006 on February 21, 2023, 08:20:40 AM

Quote from: Argoo on February 21, 2023, 03:12:57 AM

...This coin is unlikely to reach the price of one dollar. There are many much more worthy cryptocurrencies in this market than Dogecoin.

If we expect ATH from the cryptocurrency market, then it is not surprising that Dodge will also exceed its ATH. A given that the last ATH was at the level of 73 cents, it can be assumed that the price of Doge will reach the level of 1 dollar. And don't forget that the impossible is possible in the cryptocurrency market))

Yeah, nothing is impossible, but the hype around the DOGE is not as big as it was, and I'm not sure that it will be the same or bigger. But I wish only the best for the holders and will be glad to be wrong!

Well, we can't really tell, we are in bear market, so obviously majority of the coins are going to sleep and hibernate in this cycle. But once we are in a bull run, who knows, maybe DOGE will be hype again by Elon or some other crypto influencer, pushing the price even higher.

However, there are investors that are not into hype crypto like DOGE, they would rather stick to solid projects like BTC/ETH and other altcoins. Instead of risking something on a meme coin, just saying.

hitsnorth

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Quote from: tvplus006 on February 21, 2023, 08:20:40 AM

Quote from: Argoo on February 21, 2023, 03:12:57 AM

...This coin is unlikely to reach the price of one dollar. There are many much more worthy cryptocurrencies in this market than Dogecoin.

If we expect ATH from the cryptocurrency market, then it is not surprising that Dodge will also exceed its ATH. A given that the last ATH was at the level of 73 cents, it can be assumed that the price of Doge will reach the level of 1 dollar. And don't forget that the impossible is possible in the cryptocurrency market))

Yeah, nothing is impossible, but the hype around the DOGE is not as big as it was, and I'm not sure that it will be the same or bigger. But I wish only the best for the holders and will be glad to be wrong!

tvplus006

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Quote from: Argoo on February 21, 2023, 03:12:57 AM

...This coin is unlikely to reach the price of one dollar. There are many much more worthy cryptocurrencies in this market than Dogecoin.

If we expect ATH from the cryptocurrency market, then it is not surprising that Dodge will also exceed its ATH. A given that the last ATH was at the level of 73 cents, it can be assumed that the price of Doge will reach the level of 1 dollar. And don't forget that the impossible is possible in the cryptocurrency market))

Argoo

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Quote from: michellee on February 20, 2023, 01:07:46 PM

I don't know whether Dogecoin will be supported by Elon Musk again or whether Elon Musk will move to another coin so that the price can increase. But Elon can indeed move its price up as we saw with Dogecoin some time ago.

It's possible that Dogecoin could hit $1 this year or the next and no one knows if that will happen or if it could just hit ATH yesterday again. This is still a mystery that no one knows and we should follow the market price. And as long as the price of Dogecoin can touch the peak price, that's the right price for us to sell Dogecoin and take profits.

To have good growth opportunities, Dogecoin needs to have additional useful features. Because there are already a lot of coins on the cryptocurrency market without such functions, and there is little chance of counting on another hype due to some actions of Elon Musk. This coin is unlikely to reach the price of one dollar. There are many much more worthy cryptocurrencies in this market than Dogecoin.

dothebeats

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People have been trying to ride the dogecoin hype the moment Elon did something to promote it. Guess what, it underwent some pumps and some dumps and still no moon yet. Moon is subjective, and people will never be contented on the price until they get uber rich from it, and I think that's just utterly impossible because the money has to come from somewhere before it gets poured into dogecoin. So yeah, dogecoin can have pumps and still don't reach the moon because people will never be contented.

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