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genxlib

(5,932 posts)
Sun Nov 24, 2024, 11:29 AM Nov 2024

What does Musk get out of all of this? I think I figured it out.

In a nut shell, it is all one giant crypto price manipulation scheme. And its working.

In order to understand this all, it is important to understand the meaning of the term DOGE. At first it was an incredibly popular meme. Then someone created a cryptocurrency called DOGECoin as a joke. But the internet has a fascination with both stupid memes and crypto so that "joke" caught on and became a run away success in the crypto marketplace. And since Musk sits at the center of the dude-bro internet world, he thinks DOGECoin is great and has been pumping it up for years.

And thus begins a whole series of Musk actions that elevated the Crypto currency. He is so tied into this currency that every single spike in its value can be traced to him. https://www.google.com/finance/quote/DOGE-USD?window=5Y

-Musk tweets about Dogecoin causing it to spike https://www.nasdaq.com/articles/if-you-invested-$100-in-dogecoin-when-elon-musk-first-tweeted-about-the-crypto-heres-how

-Twitter changes it's logo to the DOGE logo https://www.cnbc.com/2023/04/03/dogecoin-jumps-over-30percent-after-twitter-changes-logo-to-doges-symbol.html

-Rumors on Twitter trading crypto https://www.the-independent.com/tech/dogecoin-price-x-elon-musk-crypto-b2518052.html

Musk was sued about it https://www.reuters.com/legal/lawsuit-claiming-elon-musk-rigged-dogecoin-ends-2024-11-15/ but was unsuccessful because... reasons. It finally got dropped from appeal just this week because I guess the writing was on the wall.

All of which leads to his current assignment. Naming the committee DOGE was a huge boost to the attention of DOGEcoin. Not to mention the fact that he has been undermining the US currency by warning of US bankruptcy that can only be rescued by DOGE. As you can imagine, DOGECoin spiked about 400% in the last month.
https://www.forbes.com/sites/digital-assets/2024/11/06/100000-by-2025-donald-trump-and-elon-musk-fuel-huge-bitcoin-price-predictions-as-dogecoin-soars/

Musk has acknowledged that he owns some DOGECoin but no one knows how much. There is speculation that he owns Billions.

So just imagine if the real value behind Twitter was the ability to manipulate markets. Stock market manipulation for percentage points is for suckers. Why bother when you can toy with crypto for exponential gains by directly manipulating the people most dedicated to you.


10 replies = new reply since forum marked as read
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What does Musk get out of all of this? I think I figured it out. (Original Post) genxlib Nov 2024 OP
Elon Musk is a FalloutShelter Nov 2024 #1
If he succeeds in tanking the dollar jmbar2 Nov 2024 #2
So DOGE is the new Pepe the frog? Hugin Nov 2024 #3
Pleasure being cruel to others. nt Hotler Nov 2024 #4
He wants attention and high fives from the creeps at his cesspool Quiet Em Nov 2024 #5
He wants to own the future on his terms Johonny Nov 2024 #6
Musk does not need money. speak easy Nov 2024 #7
Doge of Venice Pegasus30 Nov 2024 #8
Install his crypto as the US and global currency. Irish_Dem Nov 2024 #9
This exactly Blue Full Moon Nov 2024 #10

jmbar2

(7,054 posts)
2. If he succeeds in tanking the dollar
Sun Nov 24, 2024, 11:44 AM
Nov 2024

He will control all the wealth of the planet.

He doesn't need the money. He wants to have control over the whole planet.

Hugin

(36,587 posts)
3. So DOGE is the new Pepe the frog?
Sun Nov 24, 2024, 11:51 AM
Nov 2024

Interesting. I must admit an ignorance of the disindividuated social media mob mind. Much to my danger as it turns out.

Quiet Em

(2,091 posts)
5. He wants attention and high fives from the creeps at his cesspool
Sun Nov 24, 2024, 12:07 PM
Nov 2024

and of course no regulation in his projects, more government subsidies, and money, money money.

Johonny

(24,168 posts)
6. He wants to own the future on his terms
Sun Nov 24, 2024, 12:14 PM
Nov 2024

On his time table.

He is by all accounts, fucking nuts.

Pegasus30

(11 posts)
8. Doge of Venice
Sun Nov 24, 2024, 12:40 PM
Nov 2024

The Aelion has purchased the United States of America . What a bargain! Look up the history of the Doge of Venice. He is the Doge now...

Irish_Dem

(72,397 posts)
9. Install his crypto as the US and global currency.
Sun Nov 24, 2024, 01:29 PM
Nov 2024

Russia and China has been trying for a long time to devalue the US dollar and
install the ruble and yuan as the global currencies.

They can now get Musk to do it for them.

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