Someone stated, it is time that people stop saying DOGE is a joke and start saying it was a joke. It is real and it is here to stay.
This thought is provoked by Elon Musk tweeted: “Working with Doge Devs to improve system transaction efficiency. Potentially promising.”
DOGE pumped 25% from this tweet. The market cap of Dogecoin spiked $10 billion after this tweet. However, Elon is actually trolling at this point. He has already damaged pockets enough. Several investors seriously believe Elon’s tweet is causing all the crash.
Everyone wants to meet the 1st developer currently working on DOGE. There seems to be only 2 cats currently on GitHub. The joke is… there are no Dogecoin devs.
However, this should actually be worrying for Bitcoin Core. Elon Musk, if he actually goes against BTC he will fund Doge and make it 100x technically superior to BTC and he has the clout to drive the markets to buy it. Perhaps core devs will get a wakeup call and make BTC scale now.
Left wondering if Tesla will spend for this process or a part of Elon’s personal efforts.
This only shows how crypto cannot be trusted, if one person can influence a currency this much, what’s its actual worth? High time Elon Musk stop manipulating the crypto markets! But, rich people do this with actual real business investments every day. We all stop letting billionaires dictate what money we use.
The hype appears to trigger a situation as if people will use Doge in the future as a common currency instead of their country’s currency.
It looks like Elon has no idea what he is talking about. Embarrassing!
Some are like: “I like the Dogecoin community but I hate the fact Elon Musk has the sole power of either bringing its value up or down with a fucking tweet. This is what I don’t like about investing in Dogecoin.”
Others are like: “Please just give it a rest for a little bit, we’ve all had enough of the games … we get it, you have the power to make crypto go up and down … just relax for a bit big guy – you’re a good dude but it’s enough already.”
Market manipulation is indeed a crime. However, the crypto market is unregulated. Therefore, the only way to stop Elon Musk from controlling markets via Twitter is to regulate crypto. Thus, legitimizing crypto as currency.
