"Musk is a selfish liar", on July 15, 2021, Palmer, the founder of Dog X Coin (DOGE), permanently withdrew from the coin circle after shelling Musk and warning everyone that "Dog X Coin (which has been banned in China) is a scam". In the confrontation with Musk and capital, Palmer not only lost, but also lost badly.
If you open a website searching for Dog X coin, almost all search engines will tell you that it is the second largest virtual currency in the world after Bi X coin. In fact, the relationship between them is far from simple, and it all stems from a "joke" by Palmer.
Palmer has always been a staunch supporter of blockchain technology, which in his eyes is a great technology capable of changing the future. But for the derivative of blockchain technology "than X coin", Palmer scoffed. He thought that this thing was taken out by capitalists to "cut leeks", which had no practical significance, but at that time, in the eyes of many laymen, "blockchain = than X coin", which made Palmer very unbearable.
In order to satirize the speculators who follow the trend, Palmer decided to engage in a prank. He decided to use the "dog head emoji" that exploded on the Internet at that time to make a virtual currency, and also shouted on the social platform: "Let's invest in Dog X coin, it will be the next big event." The idea appealed to MARCUS, a software engineer at IBM. So the two people hit it off and immediately began to work. They first copied a large section of the code than X coin, then put on the dog head logo, and then changed the name, and in less than 3 hours, the dog X coin was born.
In order to pull the taunt effect full, the two people decided to live to the end, than X coin wants to design as professional as cash, the dog X coin will take the cartoon route, it will be a spoof effect; collecting more than X coin is called mining, that collection of dog X coin is called digging holes, after all, it is a dog; even Marcus also "paid tribute" to Satoshi Nakamoto, the founder of X coin, and changed the name of his social software to "Nakamoto Chai". It is not difficult to see that the two people have no intention of selling this thing for money. Even they themselves said, "It's a joke that's going to go away."
But what happened later exceeded everyone's expectations. After the advent of dog X coins, the circulation was very small at the beginning, just a toy that was joked by a group of old buddies, and sometimes used to tip anchors, but these dog X coins basically could not be exchanged for money, because there was no value at all. Marcus, the founder of April Fools' Day in 2021, decided to give everyone the whole job, saying that he was going to abdicate and choose a new CEO for DOGE. As a result, Musk heard the news, came to be interested, ran over to join in the fun, and shouted "choose me, choose me."
The old buddies also came to the momentum, want to be then to give you a yes, so Musk with 54% of the vote, elected DOGE", Musk also proudly changed his social platform notes to DOGE CEO. Everyone knows that this is just an April Fool's joke, and it doesn't take long for most people to forget about it. But what people didn't expect was that someone had been immersed in this joke and had not come out.
On December 20, 2020, Musk sent 4 tweets in a row, saying that he was very interested in Dog X and was very optimistic about this market, and as a result, the price of DogE rose from $0.0039 to $0.0046 on the same day, and then DogE X has maintained a rapid upward momentum, and in less than two months, the price of DogE has soared 20 times. At this time, the two founders of Dog X Coin looked dumbfounded, and there were really fools jumping into the pit. So Palmer tweeted many times, reminding the old brothers to be sober, DogE X is not worth investing at all, because this thing has no upper limit, and how much value can something without a ceiling have.
I have to say that Palmer's words are still quite useful, the price of Dog X coin is almost a fall, after all, even the founder is not optimistic, who can not doubt it? As a result, Musk jumped out again to join in the fun.
On February 4, 2021, Musk sent 6 tweets in a row to "sell" Dog X Coins, one of which mentioned that "you don't need to be a rich man to own, DogEcoin is the people's cryptocurrency", and the price of DogE Xcoin soared by 60% on the same day.
On February 24, 2021, Musk changed his Twitter profile to "doge all day, doge all night", and DogE rose again by 24% that day.
On April 1 of the same year, Musk announced that he would use Space X to send Dogecoin to the moon, and as a result, within a few days, DogEcoin was listed on Cionbase, and Musk immediately tweeted congratulations, he said; "Dogecoin is barking towards the moon", and the price of DogEcoin ushered in a new round of surge on the same day.
Musk is clearly speculating on the price of Dog X Coin, and he must have an interest in Dog X Coin. Some people began to investigate the matter, but they did not expect that there would be some results soon. Netizens found that the owner of the world's largest Dog X coin address is likely to be Musk himself.
First of all, this address began to buy a lot of DogEcoin in 2019, just after Musk "became THE CEO of DOGE". But at that time, Dog X coin was almost worthless, from that time it could be predicted that Dog X coin would rise sharply, and buy crazy, which was also too far-sighted, at that time, even the founder of Dog X coin did not expect that Dog X coin could sell money.
Second, the address currently has 36.7 billion Doge X coins, worth more than $15 billion. This kind of holding can be described as crazy, when the price of Dog X coin fluctuated particularly large, so most investors did not dare to hold too much, and trading is more frequent, almost as soon as there is a wind, everyone will buy wildly, or sell. And this address has been as stable as Tarzan, and has been buying Dog X coins. There are only two possibilities, either he can be sure that Dog X will rise, or he himself has the ability to manipulate Dog X.
What's even more outrageous is that Musk then joked on the show that "Dog X is a scam", and the price of Dog X fell by 39% that day, and all investors were "greeting" Musk's family. The holder withstood a $5.85 billion loss and was still frantically hoisting coins. Everyone thought this guy was a lunatic.
What is the reality? The reality is that Musk announced on May 9 that in the first quarter of 2022, a satellite called "DOGE-1" will be launched, and this satellite will be paid for entirely by DogEcoin, and in this way, the price of DogEcoin has risen back. This "tacit cooperation" has helped the owner harvest at least billions of dollars in wealth. This is almost the same as Musk's style.
The price of Bi X coin experienced a period of trough, when Musk's sentence "Bitcoin can buy Tesla" instantly made all investors boil, and the price of X coin rose directly from $38,000 to $46,000. Later, many people found out that Musk bought $1.5 billion in X coins early, and this wave of operations directly helped Musk earn $316 million. Musk, who made money, then did not recognize the account and canceled this decision.
And now Musk has almost completely copied this routine on Dog X coin.
On September 16, 2021, Musk tweeted that "if McDonald's accepts dog X coins to pay, I will live-stream the Happy Paradise package", after the tweet was released, investors began to collectively hoard coins;
On January 14 this year, Musk announced that DogEcoin can buy Tesla products, and the dog X coin price has risen by 20%;
A few days ago, Musk became Twitter's largest shareholder, and then he suggested to Twitter to "accept DogE X payments", and the price of DogE X rose by 3.57% in one day.
Will Musk one day stop all this, as he did before? Dog X coin originally has no practical significance, its price is all up to Musk's mouth, if one day "accident" comes again, what will those fanatical investors do?
When Palmer first created Dog X Coin, he wanted to warn investors that cryptocurrency is basically a vain "dream", and now this dream is becoming more and more real in Musk's mouth, Palmer originally wanted to be a dragon slayer, but did not expect that Dog X Coin ended up becoming an accomplice to capital cutting leeks, "dragon slayers become evil dragons". Palmer originally wanted to tell investors a joke, but the joke ended up only making fun of himself, and everyone took it seriously. (Huo Hao)
Musk, not credible!
From jokes to "storms", Musk has created a "beautiful dream" for investors