“Dogecoin falls 15% to below 40 cents on Elon Musk’s crypto about-face”
May 13, 2021
“The price of dogecoin fell sharply Thursday morning, sliding below 40 cents per coin, after Tesla CEO and crypto booster Elon Musk announced that the automaker was suspending the use of bitcoin in payments over environmental concerns. Musk, whose car company holds billions in bitcoin, said he was concerned by “rapidly increasing use of fossil fuels for Bitcoin mining and transactions.” The price of bitcoin also pulled back following the announcement…”
It seems like he just wanted to pump and dump the coin. He shouldn’t have lied about it but I can’t say I’m mad. I was invested in Dogecoin before Elon Musk promoted it. That means I profited F.Y.I. In any case if any of you have some Dogecoin I don’t recommend selling unless you pump and dump with the intent to get back in. Even if this cryptocurrency fizzles out there’s a chance the economy will crash before the coin. This coin will at least be around for 2 years. This economy might not be able to be propped up that long.