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EnglishBitcoin Cash is fast with little to no fee. What are the reasons that Elon Musk has his eyes on Dogecoin?

Thoughts?

therealgreg 2 weeks ago
    Tags:
  • Bitcoin
  • Bitcoin Cash
  • Dogecoin
  • Elon Musk
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MOHAMED ABDELKHALEK 2 weeks ago
He doesn't care if it is fast and doesn't care about fees, he likes to make a fake propaganda. May be he likes to be different like, all people with BTC or BCH ok i will be different and promotes Doge.
nhlbit 2 weeks ago
Elon Musk wants to promote it as 'People's Cryptocurrency' that they can freely move about with minimal transaction fees. He considers Exchanges (which already charge a bomb for transferring crypto around) to be the second layer for minimising the transaction fees which is factually wrong.

There's been massive improvement in terms of Lightning Network which facilitates sending/receiving satoshis with as minimal as 0.05$ based on network congestion/speed and several other factors. This is built on the Bitcoin network as a base layer which is immutable and as secure as it can get. There's a reason altcoins came later and Bitcoin had been active and thriving since its inception.

Would love to discuss further, Hope this answers your query. :)
nhlbit 2 weeks ago
Elon Musk wants to promote it as 'People's Cryptocurrency' that they can freely move about with minimal transaction fees. He considers Exchanges (which already charge a bomb for transferring crypto around) to be the second layer for minimising the transaction fees which is factually wrong.

There's been massive improvement in terms of Lightning Network which facilitates sending/receiving satoshis with as minimal as 0.05$ based on network congestion/speed and several other factors. This is built on the Bitcoin network as a base layer which is immutable and as secure as it can get. There's a reason altcoins came later and Bitcoin had been active and thriving since its inception.

Would love to discuss further, Hope this answers your query. :)
Rabia 2 weeks ago
He likes memes and fun stuff. So he is promoting dogecoin for fun.
farian 2 weeks ago
Mr. Musk had denounced the insane amount of energy used to produced bitcoin, which has pushed bitcoin lower in the recent trades and Elon Musk has revealed that he has been working with the creators of Dogecoin.
Djkaymix 2 weeks ago
He likes memes and fun stuff. So he is promoting dogecoin for fun.. sure
John Downes 2 weeks ago
Doge likes to chase electric cars.
Christian Bassey 2 weeks ago
Elon Musk, the Tesla TSLA chief executive who’s sent the bitcoin price on a roller coaster this year, has continued his potentially ironic support of the “joke” bitcoin rival dogecoin.

Musk took to his preferred platform, Twitter, to explain why he’s backing dogecoin, telling another Twitter user dogecoin “has dogs and memes”—helping the dogecoin price rebound from a steep sell-off over the weekend.
Christian Bassey 2 weeks ago
Elon Musk, the Tesla TSLA chief executive who’s sent the bitcoin price on a roller coaster this year, has continued his potentially ironic support of the “joke” bitcoin rival dogecoin.

Musk took to his preferred platform, Twitter, to explain why he’s backing dogecoin, telling another Twitter user dogecoin “has dogs and memes”—helping the dogecoin price rebound from a steep sell-off over the weekend.
Iconic Millions 2 weeks ago
Elon Musk on Monday issued a call to developers to submit ideas for dogecoin upgrades. He said he preferred the digital asset because "doge has dogs & memes, whereas the others do not." Dogecoin has been criticized for its concentrated ownership by a small group of whales.
Aaradhya Chauhan 2 weeks ago
Elon knows one of the founders of DOGE, and has probably bought a large amount of this coin. So, naturally, he wants to create a hype in the market about the above to pump up the price so he finds a good time to dump it. A pump-and-dump scheme is all what doge is. Didn't you notice how its unit price fell down as soon as this hype was about to be a history. This is where he tweeted again and will do so whenever he sees the sentiment for DOGE dying.
Arockiya Shamili 2 weeks ago
Mr. Musk had denounced the insane amount of energy used to produced bitcoin, which has pushed bitcoin lower in the recent trades and Elon Musk has revealed that he has been working with the creators of Dogecoin.
Javad Dana 2 weeks ago
He likes memes and fun stuff. So he is promoting dogecoin for fun.. sure
Wilian 2 weeks ago
He is trying to reach other audiences
Gabriel Broetto Gomes 2 weeks ago
Lately Elon Musk tweeted about Baby Doge Coin because his Dogecoin tweets are no longer influencing the market, he is simply manipulating the market to make profits, he is famous and has millions of followers, so a lot of people are influenced by him, his intention is just pump and dump.
Daniel 2 weeks ago
I think according to Elon musk with reason
sam 2 weeks ago
Elon musk is a visonist,he sees potential in growing coins
austin 2 weeks ago
when asked why doesn't Elon Musk doesn't make his own crypto he replied "Only if Doge can't do it" and also he as once stated "one who controls the memes, controls the universe" and we also cannot ignore the fact that doge Is linked with memes

he also stated that he will not sell his doge holding again further expressing his love for dogecoin.
ELVIA GUZMAN 2 weeks ago
El proximo boom es dogecoin.
ali3363 2 weeks ago
He is just trying to manipulate the market. As we have seen in the market guys like warren buffet, elon musk, jeff bezos etc.... can influence the market greatly. maybe he might have a big investment in doge coin.
arka 2 weeks ago
He is a highly functioning Sociopath , I guess . he loves playing God all the time so if he has no involvement with dogecoin ,it can be said that he is promoting Dogecoin to prove that he can manipulate a market with just some tweets.
Leif Ingelstrand 2 weeks ago
His looking for A way to use coins w/o the high transactions costs and another way for regular people to earn money
Andrews 1 week ago
First we need to understand, Elon Musk, Tesla Car CEO is a good USA citizen.
He is found of research in environmental issues, health and Nasa.
Satoshi Nakamoto (Japanese) founded Bitcoin and its derivatives, while British and Russian Canadian founded Ethereum.
Litecoin by Charlie lee: a Chinese immigrated in USA by 13 years of age.
However Billy Marker, US citizen cofounded Dodgecoin In 2013.
So Bitcoin, Ethereum, Litecoin, Binance coin and hundred pioneering cryptos come not from America but in either Asia or Europe.

It is true USD coin and few stable coin are made In US but they came later after Dogecoin it was a bit late as Dogecoin is not just a stablecoin as USd coin: a stable crypto coin and it conquered US patriotism then chances are Dogecoin must conquer Elon Musk heart than Bitcoin, Ethereum, Litecoin, Bitcoin Cash, or other non US cryptos that pioneer crypto market.
That said Namecoin, Ripple and other US based crypto have no successful US based coin as Dogecoin


Billy Markus So he is kind of promoting Dogecoin,
vishnu 1 week ago
as far as I know the Elon Musk hold a most of doge coins so that's why he is promoting dogecoin
Boris Zelechowski 1 week ago
He loves to play with markets. Pumping it, the rug pull it.
qubit 1 week ago
It's simple Dogecoin is meme crypto currency and Elon Musk just loves memes
thithi 1 week ago
it's because it's growing fast and has a high demand
marsalan2310 1 week ago
Simple answer: he likes cryptocurrencies and believes that they're the future and so knowing his power, he talks about them (via twitter) to fuel the market
Patrick Ian Bernard 1 week ago
Because by doing so, he thought that tc price would go down so he can own a big piece of this crypto mania then with his unlimited fund he the only thing would buy as much as people selling
Terry Ande 1 week ago
He is just trying to manipulate the market, all this is just strategy
Zayn İdris Batum 1 week ago
Herşey coin için
Daniel 1 week ago
Honestly, I think people take him way too seriously. Yes, he is part of some serious in devours, but I think he is trying to have a good time as well. Whenever I listen to him, It's hard not to notice that, almost mischievous, inward child, just trying to have a laugh. I think in this light, him picking Dogecoin, makes alot of sense. While the bigger crypto picture, has some serious implications attached to it, we still get to enjoy a laugh or two thanks to the coin that was made as a literal joke.
Linn30 5 days ago
Dogecoin is inflationary, meaning "more doge is printed every minute of every day, giving doge a potentially infinite supply."

Each batch can be subject to meticulous quality control and assurances, potentially causing increased employee downtime. Increased storage costs for large quantities of produced products. Errors with the batch produced will incur wasted time and cost