Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: TomPluz on July 21, 2021, 05:57:26 AM
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Dogecoin, the favorite cryptocurrency of Twitter and Elon Musk, is once again in the limelight. Elon Musk criticized the base-layer scalability of Bitcoin and Ethereum, and stated that Dogecoin has the potential to maximize base layer transactions at lower costs.
Source is here (https://www.kucoin.com/blog/en_US/cryptomarket-is-taking-a-nosedive-amid-the-bearish-flags-and-uncertain-regulatory-crackdowns?utm_source=twitterinfo)!
Well, Elon Musk is at it again at his best...criticizing not just Bitcoin but also Ethereum and then promoting DogeCoin as if it is the answer to all the problems plaguing the many cryptocurrency platforms. While we should be open to discussions, I don't agree that he should be using his influence to further push down the market.
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Elon is still very much trying to be relevant in the crypto space and to me, I believe he still had some Dogecoin accumulation he is trying to dump on investors that will rush to this news. The general market has been following the Bitcoin trend and Elon can not change that for Dogecoin by continuing to tweet or say whatever about dogecoin. I really don't see any effect his comment has made on the market lately. ;D
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Elon Musk criticizes two of the flagship products of cryptocurrencies (Bitcoin and Ethereum) to make people buy Doge. Probably many people will buy Doge (although not as many people as before) and when the price goes up enough, Elon will sell some of his coins, that will bring down the Doge market and immediately silence will return to his Twitter account for a few days. The same process will be repeated as many times as necessary until the toxic Elon Musk controls most of Doge's supply and hundreds of millions of dollars from "investors".
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Elon is a master of money and cryptocurrency manipulator, so with Bitcoin, no one knows when he is in or out, or when he makes his little Tweetshitter announcements to his millions of followers? Hopefully, people will ignore him someday because, for me, he is not a good guy anymore.
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Elon is a master of money and cryptocurrency manipulator, so with Bitcoin, no one knows when he is in or out, or when he makes his little Tweetshitter announcements to his millions of followers? Hopefully, people will ignore him someday because, for me, he is not a good guy anymore.
What he says about crypto, specifically the recent comments on BTC and ETH, displays a lack of in depth knowledge about them... there were many reasonable counter-arguments to the tweet mentioned in this post, however of course those accounts don't have nearly the extent of following that Elon's Twitter account enjoys.
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Bitcoin was created in 2009, ethereum in 2015. Of course, then they did not count on their so high popularity and such a simultaneous number of transactions. Therefore, their scalability was also small. If Bitcoin can still be criticized for this now, then from December 1, the ethereum network is completely updated and one of the planned improvements is to increase its scalability.
Elon Musk is not a specialist in cryptocurrency, and given his contradictory statements about it, I don't think you need to pay attention to his words and, in particular, to his obviously undeserved advertising of Dogecoin.
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Hopefully, people will ignore him someday because, for me, he is not a good guy anymore.
Already many users already did this as they made huge profits earlier when market was on bullish rally. But those users were faced huge losses when correction market was started. Just like OP said, Elon won't be able to push down or manipulate the market anymore. Though few puppets of Elon will try to create fomo into twitter and many newbies will fall for those. So everyone should aware of being into fomo.
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There are certainly reasons why one could criticize the 2 flagships, but if you broaden your horizons, you will notice that exactly the 2 will survive the bloodbaths.
But not just the two.
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I am not surprised if Elon Musk makes another non-sense statement by saying Dogecoin is the favorite one, while he criticized BTC and ETH. I am sure what he wants is targetting to decrease the popularity of BTC and ETH as the icon of crypto world. If he can make people leave BTC and ETH, then he will easily destroy crypto space. Be careful with this man, guys!
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See, he doesn't like Bitcoin and will not. He seems like to make Bitcoin fall down again by promoting and making hype Dogecoin again. I don't know why that man always concerns to defeat Bitcoin. Since his appearance in this crypto world, he always makes a certain statement that really influences the Bitcoin price. And unfortunately, he has very big followers.
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I no longer care about Elon Musk's statements, he abused his reputation too much and now his information no longer has a great impact on the crypto market. Everyone knows that they only have the goal of pumping a few meme tokens. There are more interesting things in the crypto market, such as making money to DCA altcoin at the bottom.
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Criticize the two and promote only one which his very own favorite of all time. He is trying to build a dog kingdom between the big horizon. Imo, he's like trying to apply here the conquering of Mars. Let see what will be the future.
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Elon Musk criticizes two of the flagship products of cryptocurrencies (Bitcoin and Ethereum) to make people buy Doge. Probably many people will buy Doge (although not as many people as before) and when the price goes up enough, Elon will sell some of his coins, that will bring down the Doge market and immediately silence will return to his Twitter account for a few days. The same process will be repeated as many times as necessary until the toxic Elon Musk controls most of Doge's supply and hundreds of millions of dollars from "investors".
In other words, Mr. Elon Musk is nothing more than a speculator and manipulator of the market. By trying to put a bleak paint on two of the top coins, he is hoping that more and more people will et into DogeCoin so that its price can rise. Unfortunately, am not sure if there is a law that he is breaking because cryptocurrency remains relatively unregulated for now. Had it been stocks, I don't think he will do that because he is aware of the consequences.
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Well, Elon Musk is at it again at his best...criticizing not just Bitcoin but also Ethereum and then promoting DogeCoin as if it is the answer to all the problems plaguing the many cryptocurrency platforms. ..
However, Elon Musk said at a conference yesterday that he also holds Bitcoin and Ethereum in addition to Doge. If everything is so bad with BTC and ETH, then why does he hold them?
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There are certainly reasons why one could criticize the 2 flagships, but if you broaden your horizons, you will notice that exactly the 2 will survive the bloodbaths.
But not just the two.
Bitcoin and Ethereum are not perfect, that is something very logical, they could be criticized in many aspects without a doubt, but they are the ones that best withstand market changes. Negatively criticizing the two projects with the highest market capitalization to say that Doge is incredible it seems to me another insult from Elon Musk. But we already know perfectly well what Elon is doing, and more since yesterday, after that conference in which he said that Tesla could accept Bitcoin as a payment method again.
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I followed The B Word and got more interesting information from ElonMusk: he holds BTC, ETH & DOGE. In addition to Tesla, SpaceX also has BTC, which is quite surprising. Interview saved BTC price from 29K USD, now BTC price has been maintained above 32K USD, I am looking forward to a strong market rally in the coming week.
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Based in my research on cryptocurrency Elon Musk is not a good image of the cryptocurrency regarding all the coins in coinmarket cap Elon Musk aware about the capability of blockchain and try to destory the value of coins dumped into and garbage burn that cannot be used anytime.
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Elon Musk does what he thinks if it can benefit him, Elon Musk promotes Dogecoin because Elon holds Dogecoin in large quantities. And of course if the price of Doge increases, it will make Elon get a very big profit.
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Elon Musk does what he thinks if it can benefit him, Elon Musk promotes Dogecoin because Elon holds Dogecoin in large quantities. And of course if the price of Doge increases, it will make Elon get a very big profit.
don't pay too much attention to such a person, then he will make again and again something just to benefit himself by not thinking about the impact it will have.
People like @elonmusk should not be given the opportunity to do what they want by not listening to what is being said and not sharing what is being tweeted, because that is the opportunity he want.
what is done is indeed a natural thing because indeed the goal of a businessman is to be able to make profits in any way.
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In my opinion, Elon promoting dogecoin is a very goid idea whether for himself or for every degocoin holders. As a matter of facts, Elon musk has done great job in promoting dogecoin/bitcoin whatsoever many people may say, I think Elon has help to promote dogecoin/btcoin which also has helped the entire crypto rally.
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In my opinion, Elon promoting dogecoin is a very goid idea whether for himself or for every degocoin holders. As a matter of facts, Elon musk has done great job in promoting dogecoin/bitcoin whatsoever many people may say, I think Elon has help to promote dogecoin/btcoin which also has helped the entire crypto rally.
No. Before promoting Bitcoin (and then killing it), Elon Musk should have warned people who have no idea of trading or cryptocurrencies that they may lose their funds. I don't know what you think, but I don't think Elon didn't know that Bitcoin uses "a lot" of electricity to be mined. What would you tell people (99% inexperienced) who bought Doge in the last ATH, to wait for the next bull run (which may be in 1 month or 3 years) to get their investment back?. In my opinion Elon Musk has not done anything good, he has only benefited from the people who follow him.
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In my opinion, Elon promoting dogecoin is a very goid idea whether for himself or for every degocoin holders. As a matter of facts, Elon musk has done great job in promoting dogecoin/bitcoin whatsoever many people may say, I think Elon has help to promote dogecoin/btcoin which also has helped the entire crypto rally.
I think youre right, elon musk just promoted bitcoin, dogecoin and ethereum.
But sometimes, people has FOMO and panic selling when elon musk share negative news.
Thats normal, we should keep calm.
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In my opinion, Elon promoting dogecoin is a very goid idea whether for himself or for every degocoin holders. As a matter of facts, Elon musk has done great job in promoting dogecoin/bitcoin whatsoever many people may say, I think Elon has help to promote dogecoin/btcoin which also has helped the entire crypto rally.
I think youre right, elon musk just promoted bitcoin, dogecoin and ethereum.
But sometimes, people has FOMO and panic selling when elon musk share negative news.
Thats normal, we should keep calm.
Whale will eat all small fishes as much as possible. He will try to shake weak hands so he can eat all of their tokens. We might love Elon or we may hate him. Let us not make him a basis of our crypto standard.
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Whale will eat all small fishes as much as possible. He will try to shake weak hands so he can eat all of their tokens. We might love Elon or we may hate him. Let us not make him a basis of our crypto standard.
but that's the truth, every tweet that he does is very influential on the cryptocurrency market, whether we like it or hate it depends on ourselves.
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but that's the truth, every tweet that he does is very influential on the cryptocurrency market, whether we like it or hate it depends on ourselves.
As famous person that support cryrto currency, Elin musk tweet always influence crypto currency market.
It think that's normal, But we must be careful. Don be panic people that buy and sell because FOMO.
We must have good analysis.
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Of course Elon influences people, that's obvious. But that is not the problem, it is part of the problem. In addition to manipulation among his millions of followers, he also "attacks" Bitcoin saying that it pollutes the planet, but instead promotes Doge. Elon promotes a "project" that does not help his beloved planet at all, meanwhile, there are hundreds of projects that do or at least try to do it.
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for the past few years i havent heard elon musk talking about crypto until he became the richest man in the world for certain period of months this year that's what make him influential about crypto. other top billionaires are not intersted in crypto , only elon does.
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but that's the truth, every tweet that he does is very influential on the cryptocurrency market, whether we like it or hate it depends on ourselves.
As famous person that support cryrto currency, Elin musk tweet always influence crypto currency market.
It think that's normal, But we must be careful. Don be panic people that buy and sell because FOMO.
We must have good analysis.
Good analysis should not leave you coz it is garland to your future. Leave your emotional analysis and basis to deal crypto trading. And don't always base what Elon tweeter activities about cryptos as your preferences. Though it might be good for short term but not always, so watch out and be vigilant not to fall in the trap. Invest what you can afford is the best fundamental just in case the price don't go well.
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It’s crazy how much control his tweets and that can have. But I did purchase some Doge as he’s the type of guy that could take it to the moon. I’ve written of the money so let’s see what happens
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It’s crazy how much control his tweets and that can have. But I did purchase some Doge as he’s the type of guy that could take it to the moon. I’ve written of the money so let’s see what happens
Right, Elon's tweets have a great influence on millions of people, but you must think that getting Doge to the moon is a matter of personal benefit, I highly doubt that Elon thinks of the benefit of others. It is a dangerous game in which everyone must make their decisions, otherwise, the result could be a disaster.
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The only thing I believe believe elon musk is just about is that is trying to bring down bitcoin which is not possible if he is critizing bitcoin and promoting Dogecoin then Dogecoin is not also going to anywhere.
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He is trying to control the market.
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The only thing I believe believe elon musk is just about is that is trying to bring down bitcoin which is not possible if he is critizing bitcoin and promoting Dogecoin then Dogecoin is not also going to anywhere.
It makes no sense for Musk to lower the price of BTC, because his company Tesla and he personally own bitcoin. And the higher the price of BTC, the higher the moreover's profit from owning this asset.
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Who knows what goes on in his head. He can be pretty unpredictable at times.
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Who knows what goes on in his head. He can be pretty unpredictable at times.
I think we also have to take into account what his advisers think, I don't think Elon makes the decisions 100%. He has reached very high in the business world, but I am sure he did not do it alone, you also have to take into account his entire team, otherwise he would not have achieved anything that he has now.
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Many trader made their profit when they know about the tweets from Elon MUsk because whenever he tweeted about a coin or like Bitcoin then the coins is not at its original position and it is always changed in a way that people can take advantage of his tweets. So, it is also knowledgeable.
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Many trader made their profit when they know about the tweets from Elon MUsk because whenever he tweeted about a coin or like Bitcoin then the coins is not at its original position and it is always changed in a way that people can take advantage of his tweets. So, it is also knowledgeable.
I think Elon musk tweet will influence follower and many investors. But We should have own decision while invest. Be careful with FOMO , you will lost alot when dump and too late .
You should do.the right time and learn your coins that you want to invest.