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Author Topic: Even Elon Musk can't save Dogecoin from crashing another 60%, analyst asserts  (Read 12070 times)

Offline Freemind

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Big Whales like Elon, are the main reason to dump the whole crypto market, even they are not successfully achieving their target but impact the market very badly as small investor lose their assets.

For that reason, I will never invest in the coins/tokens that Elon Musk talks about, except the ones that even he can't manipulate. People are not aware of what Musk is doing, and some pay dearly for it by losing a lot of money, thinking that the next day they will be as rich as he is. Believing in the words of a man who will never have financial problems can create a lot of financial problems for people, but sadly that's the truth, we just have to read it on Twitter.
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Offline masudginanjar

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-Elon is human too
-Elon is not DOGE's sole investor
-DOGE is purely decentralized


So, in my opinion, it is very reasonable that the DOGE coin continues to decline in price and cannot be saved by Elon Musk.
Why is that?
Because I explained a little above that the DOGE coin is decentralized and it is certain that this DOGE coin is something very unique and difficult to command by one person, including Elon Musk!
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Offline jonathancool220

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Maybe we should think more clearly because if a DOGE coin is owned by more than 90% of the #DevelopmentTeam , then it is certain that the coin can be manipulated so easily and beat 10% of DOGE coins scattered around the world which are still far behind. The total supply of existing coins is 90%.
Well, the DOGE coin is not that type of coin because the DOGE coin is even more perfect with a decentralized system and of course Elon Musk may not yet have 10% DOGE coins of the total DOGE coins in circulation, so Elon Musk can't save him from falling coin prices. DOGE !

Offline IyemRoker

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The meme cryptocurrency has crashed by over 60% from its May 8 peak and one analyst believes it has another 60% deeper to go.
I think it's still in the stage of fairness if DOGE experiences a price drop that drops to 60% and I'm also sure that one day DOGE will provide a positive value and of course it's also simple and easy to get past 100% of the current price on the market.
Maybe for some people who trade DOGE coins this is something that can be taken positively because if those who believe in DOGE increase then they will definitely buy DOGE coins with FIAT that are there to be held in the long term.
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Offline damsix

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Do we have to be Gods, right? Elon Musk?
Do we always have to guess that Elon Musk is always right with DOGE?

No , Elon Musk is not God !
Elon Musk could also be wrong with what happened to him if he wrote about DOGE!
The proof is now DOGE is decreasing as Bitcoin continues to fall in price and it is very difficult to come back again and it took about 5 years to rise (probably).

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Offline Freemind

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Do we have to be Gods, right? Elon Musk?
Do we always have to guess that Elon Musk is always right with DOGE?

No , Elon Musk is not God !
Elon Musk could also be wrong with what happened to him if he wrote about DOGE!
The proof is now DOGE is decreasing as Bitcoin continues to fall in price and it is very difficult to come back again and it took about 5 years to rise (probably).

Elon Musk is a god only to those who believe that by buying Doge they could be as rich as he is. What these people do not stop to think about is that for Musk to lose $100,000 (for example) in one day is a joke and something that will not affect his economy or his way of life. But those people who invested a lot of money (some even took out loans) to buy Doge may now be broke. I have never listened to anyone in any investment, but there are people who prefer not to think, just obey.
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MIXERO.IO
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Offline jhm

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The dog shall rise. A 60% crash in crypto is standard

Altcoins Talks - Cryptocurrency Forum


Offline rizqillah

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Big Whales like Elon, are the main reason to dump the whole crypto market, even they are not successfully achieving their target but impact the market very badly as small investor lose their assets.

For that reason, I will never invest in the coins/tokens that Elon Musk talks about, except the ones that even he can't manipulate. People are not aware of what Musk is doing, and some pay dearly for it by losing a lot of money, thinking that the next day they will be as rich as he is. Believing in the words of a man who will never have financial problems can create a lot of financial problems for people, but sadly that's the truth, we just have to read it on Twitter.

I think we shouldn't believe they people like Elon musk, He just share FOMO gain big profit, than we will see the coin will dump.
We should learn about the coin that we will invest on it , Don't follow the famous person such as Elon musk.
I have followed him, but for short term.
Buy and sell when FOMO don't hold dogecoin, You will lose.
It's not good for long term investment.

Offline Bobcrypto

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As matter of facts, there is know one man in crypto whether investor, trader or whale. One big whale or a investor can not do it elone. Elon Musk is single investor/promoter of dogecoin and he can not 100% control the value the of dogecoin. The future dogecoin lies on more adoptions and increase community and the popularity of the platform.

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Offline Senin

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Unfortunately there are still many people who do not see things clearly... Elon Musk is not in Doge to save the puppy, he is in Doge to take advantage of his investors. Nobody can do anything for investors who bought at $0.73, and Elon Musk took advantage of precisely those investors, people who hope to see Doge at $1 or $5 as I have read on some sites will have to wait decades and their wish will probably never come true.
Although the cryptocurrency market is now going through a bearish period and the price of almost every one has dropped decently, but still, now the price of Dogecoin is only 0.12 cents. All cryptocurrencies, which grow rapidly in price based on the hype, then fall just as quickly. This coin could have been used to make a profit earlier, but it is hardly worth doing now. It is likely that it will still be able to rise along with the general market, but it is hardly worth counting on repeated great results.

Offline lepbagong

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Obviously this is where Elon Musk has the advantage as an entrepreneur who really only relies on himself and his popularity to be able to seek temporary profits.
but his followers still believe that Elon Musk is considered capable of lifting doge, but when a bear market like this looks like that ability is not possessed.
But Elon Musk enjoys this and benefits from the large number of people he can control.
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Offline dodok

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in my opinion, it's not just doge who lost 60%, almost all crypto fell more than 60%, this is a bearish market influence, so don't just look at it from the point of view of doge just look at all crypto movements for now almost all have lost 60  %, but for dogs, I'm sure that when the market improves, doge will record a new ATH because it's still supported by Elon, the richest person in the world.
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Offline syedrasool2011

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He can do it but he want do that because he is playing with peoples be carefull from trading doge coin its to much risky coin in crypto it dump upto 50% from all time high its not coin stay away from it because elon musk just stupaid person i dont trust elon and doge am not playing this coin buy other project coins like web3.0 projects.
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..YOU GOT RUGGED..
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?..NOW GET YOUR..
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Offline Noverteno

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The Dogecoin coin has already had several price spikes after Elon Musk promoted this coin on social media. It is unlikely that such a hype will happen again, even if Musk wants to do it. In any case, I would no longer advise buying Dogecoin. This is already very risky. Now there are many promising coins even in the distant future, which are worth paying attention to. Dogecoin has already passed its peak of popularity.

Offline pelana vreo

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Elonmusk is just a big investor who has many business partners, when the price falls, nothing can make Dogecoin return to ATH when all coin prices are down, not just Doge, Butcoin is already -70% of ATH, you can see this situation is really complicated but everything will be bullish again when the 4 year Halving takes place.

 

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