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I think a lot of big altcoins are down a similar percentage though. Either way he definitely has massive doge bags
Elon Musk is a clown
I got some Doge before May 2021. I think I sold most of it around May or June. Made some profits, which was very encouraging as a newcomer to crypto. Haven’t held any more Doge since, though.
To be honest, the whole crypto market went down by 70-80%
I like making fun of elons crypto picks as much as the next guy, but your leaving out the fact that there was a massive bear market and semi-recession that took place in that two year period.
It’s not like elons shilling of doge at that time was specifically a bad pick, the entire markets down pretty far from that date
Not that we needed confirmation, but Elon Musk doesn’t know any more than the average crypto trader. He’s operating on the same information we are.
I don’t know if Musk is aiming for financial benefits from DOGE (if I were the richest person in the world, I would hardly be concerned with that), but I am convinced that if tomorrow he proves his big movement related to DOGE, the price will rise because people will they follow him.
By the way, many cryptocurrencies have the same or bigger losses than this bear!
Exactly 2 years ago BTC was at $39,294
Doge had a huge run up in the excitement over GME. Elon had already been publicly supporting it and so did Mark Cuban and Snoop. Picking one of dozens of Elon/Doge tweets as the baseline for price comparison to today’s is meaningless. As you said, he first tweeted on April 2, 2019. The price was .0025 then. Today it is .07. It’s not down 79% since Elon backed it, it’s up 280x.
Majority of alts are down the same
Bitcoin is down a lot too, though.
Everything is down
Doge being down has nothing to do with elon tbh. Lots of alts down more than that. Even btc is still down almost 60%
Everything is down……. It is a bear market.
You lost me at “Elon said”
Some people have an unhealthy obsession with Musk….
His fanboys and his haters must be the 2 dumbest groups alive…
Stop hyping the moron and clicking every damn article any shit-media-site publishes and he will go away on his own.
But no… “I hate Musk so I must force conversation about musk so he is even more present”
….
Aside from the longest recession in a long time having happened right between your price assessments…. Even Bitcoin dropped by 77% in the same time…. It just didn’t have a bull-run at the exact same time the entire crypto market collapsed.
“musk made doge drop” is just a meme…
He said that because he has a big bag of course…
I love the fact that nobody here is a fanboy minion for Elon
People just say whatever they want when there’s no repercussions to manipulation
Cointest pros & cons with related info are in the collapsed comments below for the following topics: [Bitcoin](/r/CryptoCurrency/comments/13sgrat/exactly_2_years_ago_elon_said_hes_backing/jlpzdrz/), [Dogecoin](/r/CryptoCurrency/comments/13sgrat/exactly_2_years_ago_elon_said_hes_backing/jlpzffk/).
Yeah elons joined the dark side! We saw him eating cookies at the world cup.!
This is excessively cynical. Dogecoin was just a joke to Elon Musk. Dogecoin has never dropped down to its previous lows. By that, I mean it was practically worthless for years and now it seems stuck at 7 or 8 cents.
You can’t take Elon seriously on crypto.
Reverse Elon FTW
Elon Musk is only reliable when it comes to treat his employees like shit
ok?
Whenever a post singles out a coin for being down -X% … During a bear market where everything is down, you know that person has no fucking idea what they’re saying and you immediately ignore them and move on
It’s funny to think that anyone ever listened to this guy.
Because one is revolutionary and the other is a meme.
Scammers gonna scam.
I rode that doge train all the way up and didn’t sell the top or near like an idiot. Lessons learned for next time.
Muskrat and his cult are clowns
Doge is like fiat it has infinite supply
People should stop associating Elon or any rich person with crypto currencies because their end goal is to maximize their wealth. They will support a centralized currency too the moment they find a way to make more money. They will change their stance in seconds as soon as they see that they make more money.
Rich people like Elon ruin things for the majority.
Glad I didn’t get duped by this giant asshole
Billionaires are evil, plain and simple.
People still trust what he said?
Are we learning yet?
Elon is a toxic man child with a fragile ego.
It’s interesting to see how the market can be unpredictable and how quickly things can change.
Elon is only good for a pump nothing more
Fucking 🤡
Bitcoin attempts to close in on $40,000 after Elon Musk said he spoke to miners about energy usage
PUBLISHED TUE, MAY 25 20214:39 AM EDT
https://www.cnbc.com/2021/05/25/bitcoin-nears-40000-after-elon-musk-spoke-to-miners-on-energy-usage.html