A common enemy in the crypto world--Elon Musk!

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Quote from: guydin on July 28, 2021, 02:06:47 AM

As a matter of fact, Elon Musk is a very authoritative person in the crypto world. He is capable of increasing prices by 100 times. We have seen it in dogecoin. And what happened after the performance of Elon at a conference on the 21st of July? We saw growth in Bitcoin from 30 000$ to 34 000$ in one day. So people still rely on him. Actually we have the same situation in other markets. For example, people follow the actions of Warren Buffet in the stock market as well. It is our choice to listen to others' opinions or not.

In addition to Musk, other well-known personalities in the crypto community were present at the conference, so it was not only his merit that caused the BTC price to rise at the beginning. At the same time, Tesla published a report for the 2nd quarter, which indicated a loss of about $ 20 million from the purchase of bitcoin. So Elon Musk also has an interest in seeing the price of BTC increase.

bakasabo

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Quote from: bakasabo on July 28, 2021, 04:01:02 AM

Elon Musk is a living example that there is a small step between hate and love. While people can easily "change their clothes" when having an opinion about someone. One day they love you, the other day they hate you. These kind of people are totally on a leash of others.

Just wait till Elon Musk makes something positive in relationship to crypto, and forum will be filled again with praise topics. Elon Musk is not an enemy, he is a dog owner (ha-ha, another parallel to dogecoin) and part of crypto community are his dogs.

Unfortunately, this is actually the case. As soon as the good news everyone praises him. But you are right in absolutely everything I have exactly the same opinion. But as I think Ilon should take care of his cars and touch the cryptocurrency less, so it will be calmer for everyone.

He is doing the exactly right thing he suppose to do as an CEO. He is not the person in charge of car, its software and etc development. With his involvement in everything, he promotes the image of Tesla and SpaceX.
He could touch or could not touch cryptocurrency, people will still connect everything that happens to the price with him. Actually, he is not touching anything, he is just expressing his thoughts, and people are the ones who create the hype around it.

bitcon

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To my mind, we don't have to choose only one option. I mean either holding Bitcoin or working with alternative crypto currencies. To my mind, it is an absolutely working strategy when you divide your capital into two parts: one part is your long-term investment that you hold in BTC and other fundamental currencies, and another part is for fast and big earnings. This money you can invest in altcoins, in new defi projects and wherever you want and consider to be risky. Cool

Nasuhalugu

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Quote from: Docbee on May 17, 2021, 02:31:19 AM

Elon Musk bought BTC some time ago, saying that BTC has various advantages;

But when he now cleared the warehouse after making money, say BTC all sorts of bad, which caused the extreme panic of the market.

I hate him！ Angry

But how could we do?
In my opinion, on the one hand, we should hold on to BTC. On the other hand, as practitioners, we should continue to discover and create high-quality blockchain projects, so that the blockchain industry can be recognized by more people. Cool

Elon Musk is not what you say after making money from BTC then he says BTC with bad things. That's part of the strategy in my opinion.
To me, we are too stupid for ourselves to continue to think of others like that. If we think BTC is the best, then play each other's strategies so that other coins are not good.

capcaypro

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Instead of hating him, I prefer to take advantage of the hype and tweets he creates. because hating people like elon would just be a waste of time for me and it's pointless. because even if he is hated by a few people it will not have any effect on him and precisely that way he will benefit more because apart from his huge fans he is also noticed by his haters and it is very profitable for him.
even if you don't like the manipulation he does but as long as his supporters are a lot you can't do anything.
what we can do for something like this is to follow the way he plays and create loopholes so that we can benefit from it.
if you just keep hating and do nothing, I think you're just doing something in vain and useless

bakasabo

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Elon Musk is a living example that there is a small step between hate and love. While people can easily "change their clothes" when having an opinion about someone. One day they love you, the other day they hate you. These kind of people are totally on a leash of others.

Just wait till Elon Musk makes something positive in relationship to crypto, and forum will be filled again with praise topics. Elon Musk is not an enemy, he is a dog owner (ha-ha, another parallel to dogecoin) and part of crypto community are his dogs.

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Quote from: Docbee on May 17, 2021, 02:31:19 AM

Elon Musk bought BTC some time ago, saying that BTC has various advantages;

But when he now cleared the warehouse after making money, say BTC all sorts of bad, which caused the extreme panic of the market.

I hate him！ Angry

But how could we do?
In my opinion, on the one hand, we should hold on to BTC. On the other hand, as practitioners, we should continue to discover and create high-quality blockchain projects, so that the blockchain industry can be recognized by more people. Cool

As a matter of fact, Elon Musk is a very authoritative person in the crypto world. He is capable of increasing prices by 100 times. We have seen it in dogecoin. And what happened after the performance of Elon at a conference on the 21st of July? We saw growth in Bitcoin from 30 000$ to 34 000$ in one day. So people still rely on him. Actually we have the same situation in other markets. For example, people follow the actions of Warren Buffet in the stock market as well. It is our choice to listen to others' opinions or not.

davide72

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Quote from: Docbee on May 17, 2021, 02:31:19 AM

Elon Musk bought BTC some time ago, saying that BTC has various advantages;

But when he now cleared the warehouse after making money, say BTC all sorts of bad, which caused the extreme panic of the market.

I hate him！ Angry

But how could we do?
In my opinion, on the one hand, we should hold on to BTC. On the other hand, as practitioners, we should continue to discover and create high-quality blockchain projects, so that the blockchain industry can be recognized by more people. Cool

Do you think other people are better than him? in the world of crypto there are people far worse than him, just think of all those who manage the big exchanges do you think they are better than him? Indeed I have to tell you that maybe ELON MASK did the right thing, he did not harm anyone he did only what was better for him to do.

Flowzer

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Quote from: Docbee on May 17, 2021, 02:31:19 AM

But how could we do?
In my opinion, on the one hand, we should hold on to BTC. On the other hand, as practitioners, we should continue to discover and create high-quality blockchain projects, so that the blockchain industry can be recognized by more people. Cool

In my opinion, let them shorting btc and do the same (dont do long in futures, it just will make us throw money to them).
So, we will liquidated the long faster, while doing it we need to support every price of bitcoin in spot so we keep accumulated while we got profit by shorting it.
They will ended by buying btc in higher price if they cant catch the spot because we support it stronger.

Shasha80

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Quote from: juanda on July 27, 2021, 05:51:13 PM

Quote from: Docbee on May 17, 2021, 02:31:19 AM

Elon Musk bought BTC some time ago, saying that BTC has various advantages;

But when he now cleared the warehouse after making money, say BTC all sorts of bad, which caused the extreme panic of the market.

I hate him！ Angry

But how could we do?
In my opinion, on the one hand, we should hold on to BTC. On the other hand, as practitioners, we should continue to discover and create high-quality blockchain projects, so that the blockchain industry can be recognized by more people. Cool

i don't hate it and i am not swayed by a tweet made by elonmusk. because what Elon does will only make us lose. and today it has been proven. bitcoin has dropped to under $ 50k. So I saw that many people lost their money just because of being influenced by elonmusk's tweet a few months ago.

You don't hate Elon Musk, because you're lucky not to be swayed by Elon Musk's tweets and don't suffer losses. But so many people were fooled
by Elon Musk's manipulation, not even just a lot of people buying Bitcoin at peak prices. However, many people are also disadvantaged because
they believe that meme coins will provide large profits. In fact, the price of meme coins is dropping and many people end up losing a lot of money.
From this incident, it teaches all of us that it is better not to trust others too much when investing in cryptocurrencies. Because sometimes there are
people who take advantage of their popularity and wealth to benefit themselves and harm others. Do your own research and analysis when deciding
to invest in cryptocurrencies.

Fivestar4everMVP

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Quote from: uneng on July 27, 2021, 06:01:09 PM

Quote from: sapnu on May 28, 2021, 01:59:09 PM

Almost everyone is hating on him right now. There are a lot of things he is doing that harms others while he is gaining benefit. Instead of making him smile as people keeps talking about what he is doing, let us just focus on how we can still win at the game he is playing. Crypto is too strong to be ruined by a man who is worth billion in net worth but has no firm foundation with regards to crypto. Sooner or later, he would be nothing for all of us and those people who outsmarted him will only laugh at him for all the things he have done.

All small investors can do is to keep holding. The truth is that common individuals don't have any influence in this market. Whales play the cards and fishes follow their moves hoping to be benefited by them as well. My fear is that crypto currency totally loses its credibility because a billionaire proved he can play with prices, turning a decentralized environment into a totally centralized one around one individual by the free will of investors.

That is ironic and shocking. Tongue

Well, I don't really think you should have that fear cus cryptocurrency aren't going to loose its credibility, anybody in he's right senses know that cryptocurrencies are relatively new and as such, it doest have much volume yet to stand the manipulation or whales unnoticed, it's just a matter of time, as more people discover and start investing heavily in crypto, the crypto market capitalization will rise even higher than all the billionaires money put together, when we get to this level, trust me, even the worlds richest man can buy coins worth billions or trillions of dollars and the market won't shift an inch, just like it is in Forex today.
Anything new in the financial market will definitely be manipulated for sometime by the whales, until it completely out grow the whales who will no longer be able to manipulate it again.

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Quote from: uneng on July 27, 2021, 06:01:09 PM

Quote from: sapnu on May 28, 2021, 01:59:09 PM

Almost everyone is hating on him right now. There are a lot of things he is doing that harms others while he is gaining benefit. Instead of making him smile as people keeps talking about what he is doing, let us just focus on how we can still win at the game he is playing. Crypto is too strong to be ruined by a man who is worth billion in net worth but has no firm foundation with regards to crypto. Sooner or later, he would be nothing for all of us and those people who outsmarted him will only laugh at him for all the things he have done.

All small investors can do is to keep holding. The truth is that common individuals don't have any influence in this market. Whales play the cards and fishes follow their moves hoping to be benefited by them as well. My fear is that crypto currency totally loses its credibility because a billionaire proved he can play with prices, turning a decentralized environment into a totally centralized one around one individual by the free will of investors.

That is ironic and shocking. Tongue

Arent still get used to it? No market could really not be manipulative and we know that if we do talk about big money then theres always those whales or billionaires which could really have the potential or capacity on moving the market with just a simple tweet.

Come to think that it do even move without any sentiment or news in the market knowing that crypto space isnt something that could be predicted.Its true that these fellas could really make out some impact

but doesnt mean that it would really be over.You can still ride with the waves if you are wise and clever enough even if you are just a small trader.

uneng

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Quote from: sapnu on May 28, 2021, 01:59:09 PM

Almost everyone is hating on him right now. There are a lot of things he is doing that harms others while he is gaining benefit. Instead of making him smile as people keeps talking about what he is doing, let us just focus on how we can still win at the game he is playing. Crypto is too strong to be ruined by a man who is worth billion in net worth but has no firm foundation with regards to crypto. Sooner or later, he would be nothing for all of us and those people who outsmarted him will only laugh at him for all the things he have done.

All small investors can do is to keep holding. The truth is that common individuals don't have any influence in this market. Whales play the cards and fishes follow their moves hoping to be benefited by them as well. My fear is that crypto currency totally loses its credibility because a billionaire proved he can play with prices, turning a decentralized environment into a totally centralized one around one individual by the free will of investors.

That is ironic and shocking. Tongue

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Quote from: Docbee on May 17, 2021, 02:31:19 AM

Elon Musk bought BTC some time ago, saying that BTC has various advantages;

But when he now cleared the warehouse after making money, say BTC all sorts of bad, which caused the extreme panic of the market.

I hate him！ Angry

But how could we do?
In my opinion, on the one hand, we should hold on to BTC. On the other hand, as practitioners, we should continue to discover and create high-quality blockchain projects, so that the blockchain industry can be recognized by more people. Cool

i don't hate it and i am not swayed by a tweet made by elonmusk. because what Elon does will only make us lose. and today it has been proven. bitcoin has dropped to under $ 50k. So I saw that many people lost their money just because of being influenced by elonmusk's tweet a few months ago.

sapnu

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Almost everyone is hating on him right now. There are a lot of things he is doing that harms others while he is gaining benefit. Instead of making him smile as people keeps talking about what he is doing, let us just focus on how we can still win at the game he is playing. Crypto is too strong to be ruined by a man who is worth billion in net worth but has no firm foundation with regards to crypto. Sooner or later, he would be nothing for all of us and those people who outsmarted him will only laugh at him for all the things he have done.

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Quote from: Docbee on May 17, 2021, 02:31:19 AM

Elon Musk bought BTC some time ago, saying that BTC has various advantages;

But when he now cleared the warehouse after making money, say BTC all sorts of bad, which caused the extreme panic of the market.

I hate him！ Angry

But how could we do?
In my opinion, on the one hand, we should hold on to BTC. On the other hand, as practitioners, we should continue to discover and create high-quality blockchain projects, so that the blockchain industry can be recognized by more people. Cool

It's not his fault. Don't hate the player, hate the game.

Market is being manipulated rn. Good time to get some coins though. Divi is very good to get rn

How does DIVI work? I am newish to Crypto. Can you explain?

reza7777

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I also really hated him because he used his name to manipulate the market and hated it even more when everyone believed the nonsense he always made

acener

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It isn't just Elon but all of the other manipulator as well,
And we should learn from our own and stop being easily controlled by their words.
I think the problem is those who follow them and help them achieve so they would continue on doing what they do (Manipulating the market).

DatKing

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I can't say something like "Elon Musk is my enemy.". Because I still have a big respect for him for his efforts to help science reach a bigger level. But when it comes to the cryptocurrency industry, I absolutely don't like his actions as he aims to manipulate the whole market. Tesla's action was a proof for that.

perfect999

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Quote from: Docbee on May 17, 2021, 02:31:19 AM

Elon Musk bought BTC some time ago, saying that BTC has various advantages;

He might have actually sold his coins that time and he announced that tesla will now accept bitcoin payments in order to hype the price and get the best price for his coins.

Quote from: Docbee on May 17, 2021, 02:31:19 AM

when he now cleared the warehouse after making money, say BTC all sorts of bad, which caused the extreme panic of the market.

Maybe he is buying some Bitcoins now and to get them at the cheapest value, he announced tesla will no longer accept bitcoins. I don't know what to make of his tweets and announcements but surely he is using tesla as a wall to hide behind and play with the market using tesla.

This the problem when a billionaire comes into the party of small investors, he can mould the market at his will and people will just never understand what he will do next. How come Elon was not aware that bitcoin mining costs resources? He should have acted better.

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Quote from: Docbee on May 17, 2021, 02:31:19 AM

In my opinion, on the one hand, we should hold on to BTC. On the other hand, as practitioners, we should continue to discover and create high-quality blockchain projects, so that the blockchain industry can be recognized by more people. Cool

If we could actually get people to listen to us, we would however there are so many people out there who thinks Elon is the friend of a crypto world and that is the problem. Think about it he says something and people take it seriously and that seems to be the problem here, if nobody cared what he said we wouldn't have this problem to begin with.

It means there needs to be a period where we finally stop caring about what he is saying but that will require a lot of effort and work from the non-Elon liking people like me and many others here to go out there and try to convince people. I do not see our chances fighting against one of the richest man on the world, that is a battle we will most likely lose and that is why I doubt that it will work out well for us, which also evidently means we are going to have Elon deciding on price some more time.

bamb

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Publicity is publicity! Good or bad, you still get the exposure. In terms of exposure, I think Elon musk has done well for Cryptocurrency! I have always been suspicious of sudden rise in bitcoin as a result of Elon tweets! My position is this: I think bitcoin rise to fast! Bitcoin would have hit 100k if it were slowly risen!

devollito

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I dont understand why you hate him ? You need to hate your self if you investing to some instrument because of someone tweet. He has nothing to do with this crash. The crash will happen too even if he is not tweeting about how btc miner consume a lot of energy. This crash is only to liquidate some one position. Btc going up from $0 to $18k without him.

Kabul

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You can make investment based on his tweets. Following this man is a good strategy and I have made quite a good amount of money.

I do not like how he did with crypto. He keeps benefit himself with his self made tweets which damage the cryptocurrency price. Many people start to disbelieve bitcoin because they find it is easy to be controlled by billionaires' speech. This strongly reduce liquidity of cryptos, making it less attractive.

ancafe

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well, I also have the same feeling. however, in fact, because of Elon Musk, bitcoin was able to surpass its ATH this year. well, apart from that, Elon Musk also did quite a bit of bitcoin stock so that a lot of people were excited. however, it reminds me of 2017 when ethereum was also owned by several ICO developers which ended up making its price drop. well, that's the influence of the great men.

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Quote from: wajik-tempe on May 18, 2021, 09:38:32 PM

It's a usual thing in crypto that any news will affect the price of cryptocurrency, elon is the center of the news right now, many people are following his tweets and everytime he tweeted market will move a second after his tweets.
Yeah many people hated him right now because of big losses caused by his statement, but also there are many people already become millionaire thanked to him. So it depends on the people, with a smart strategy and a big luck, this kind of condition will make profits

True, If a trader wants to become a millionaire because of him, You need to follow him smartly and take advantage of his tweets and put up a good strategy. Correction from the market is very expected and feeling if it is near is a trader's job. It's just Elon Musk accumulated a lot of crypto fans because of his recent tweets and now they are haters because the market gets a correction.

In our current situation right now, This is what I feel from the last correction in 2018. Many people have lost their profit from the bull run and the only thing people have today is that they blame Elon for this market crash.

Coroline

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It is as if what is happening now is that Elon becomes a common enemy when the market turns red and becomes a mutual friend when the market turns green. Actually what are you thinking, one tweet could make the market red and green, it's really not good to follow a trend like this.
Blockchain technology seems to be destroyed and played by the owners of capital, this is actually our common enemy.

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Quote from: worle1bm on May 18, 2021, 12:26:59 PM

For some people he has turned out be source of high profits and I don't think they hate him in the crypto world.For instance the Dogecoin millionaires US brothers who invested $8k in Dogecoin and now they are playing in millions.This is how market works and if you keep the pace with the flow you can also make small or large share in profits depends upon your perspective.Tesla is still holding its Bitcoin after suspension of Bitcoin related payments and who knows he is buying this dip and disclose it later.You might have sell at low and find Musk guilty for this dips but you need to know that many initial btc supporters turn to be against it after having their profit share..When you understand the foul market play you win.

I didn't like him when he was making some people profit, I do not like him when he is causing people to lose money as well, I knew this day would come. There is no way in the world where people could keep on making profit from some guy tweeting, sure it could go to a point but it will eventually crash and burn, that dude could come out and say "I changed my mind, dogecoin is a shitcoin" and the price would go down 50%+ in a few hours.

This is why never leave anything to chance, never let someone else take the charge of your financial situation instead of you, people who leave it to Elon Musk were idiots and I always said that but they said "I have made 5x profit so far!! suck it!!" and all kinds of annoying stuff, kudos to the ones who made profit and know when to get out, but now we are left with so many people who lost money because of Elon.

MadeMen

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Elon musk has leveraged on the fact that the cryptocurrency market is governed by sentiments. People take decisions mostly by what they hear and see. Only a handful of cryptocurrency enthusiast has their own will and make decisions after carefully studying the scenario and making their own research.

wajik-tempe

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It's a usual thing in crypto that any news will affect the price of cryptocurrency, elon is the center of the news right now, many people are following his tweets and everytime he tweeted market will move a second after his tweets.
Yeah many people hated him right now because of big losses caused by his statement, but also there are many people already become millionaire thanked to him. So it depends on the people, with a smart strategy and a big luck, this kind of condition will make profits

Kasabus

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Quote from: sayaya17 on May 18, 2021, 07:28:51 PM

For Elon Musk's positive tweets about crypto, I agree and support, but if Elon tweets to discredit crypto, like discrediting bitcoin,
I really don't like it, because once Elon tweets, it becomes hype and can affect the public. I don't like the way bitcoin can go down
this low because of Elon Musk's tweets. This is very detrimental to me because Elon Musk's tweets of my assets in trading suffered
a lot of losses.

That only proves how Elon Musk able to manipulate the market in his own crazy way. And there's nothing we can do with that than ignoring him otherwise, our emotions will be much affected.

Now that Tesla has announced that he has not been selling any bitcoin, so we'll be quite confident that bitcoin won't create dump this coming days. Unless if Elon will come up with another tweet that will create negative impact to bitcoin, then maybe dump will be inevitable.

sayaya17

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For Elon Musk's positive tweets about crypto, I agree and support, but if Elon tweets to discredit crypto, like discrediting bitcoin,
I really don't like it, because once Elon tweets, it becomes hype and can affect the public. I don't like the way bitcoin can go down
this low because of Elon Musk's tweets. This is very detrimental to me because Elon Musk's tweets of my assets in trading suffered
a lot of losses.

gribalenfeksiyon

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In the crypto money market, many people such as Elon Musk and Elon Musk have come and gone. elon musk will be forgotten after a while in . But here's the downside, as Elon Musk tweeted and gave people an investment signal, people wouldn't want to give up on it. because people love to make money the easy way. and no matter what Elon Musk does, they can love him back if he tweets it again. I find what elon musk did very wrong. he acts as if he is the master of the market. He manages the market according to his will. I don't like him either.

NorvsGanda

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Think about this guys. What if Elon Musk just want to lessen the power of whales and add it to the normal crypto traders. I mean to those small scale holders, investors and traders? Because as we all know, a big part of the market price movement comes to the whales market manipulation. The one who controls the supply, controls the price also. I'm just thinking that Elon Musk want to eliminate the idea of having "whales" in market so that common people will always have some capability and access to the market, not just a specific group of rich and powerful people. Just wondering.

CaVO32

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Quote from: Dexion on May 18, 2021, 01:58:59 PM

It is very obvious that Elon has indeed played the market to his heart's content, creating hype that can affect many people. It is as if he is the master of doge, but it is undeniable that every time he makes a sensation with his tweet about doge, the effect is enormous, and this will be very detrimental to people who decide to hold a doge without careful analysis and tend to follow the hype. that elon designed.

This is why people should be smart about it. Don't expect that Elon will support doge forever. If he is not happy to this coin anymore, he can easily drop it and cash out. Who knows, right? So if you want a better option, you can always opt to btc or any other solid project like maybe ETH. Now, Elon is saying something about increasing the efficiency of doge in a wrong perspective. I hope he will stop saying something towards crypto that will show his ignorance about this market.

arapgeceleri

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elon musk was a popular man for the kripto para market a while ago. but it's really amazing how he quickly did things that made him hate himself. We have to congratulate him on this issue. how he managed to do this in such a short time. I don't understand why he needs to manipulate bitcoin. why he loved bitcoin a while ago, but now it is bad. If he continues to do so, the market will suffer greatly. It is very wrong to portray bitcoin as a bad thing to people.

fortune1002

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I also don't like him. He has ruined crypto. He is playing with crypto market and people are crazy. If the people will not follow him then there will be no effect of his tweets on market.

TheGreatPython

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Quote from: Docbee on May 17, 2021, 02:31:19 AM

In my opinion, on the one hand, we should hold on to BTC. On the other hand, as practitioners, we should continue to discover and create high-quality blockchain projects, so that the blockchain industry can be recognized by more people.

I just feel like Elon Musk used Bitcoin as an opportunity to cash out huge money and nothing more, although I don’t know yet if they have sold their bitcoins , because I haven’t seen anything to prove that, but with the actions they are taking now it’s very likely that they have sold it and cashed out their profit that they have made with the investment. So, this is just Elon using the Bitcoin market to make himself more rich and then turn his back on it and say all sorts of things against.

Well I am not surprised , that’s what people like him always do. I have seen a lot of people that got rich through Bitcoin and then turn their back on it and even try to discourage others from investing by telling them that it is not a good investment because there is too much risk in it. Anyways, this is not the end, the market is still going to be back up again. I just hope that the cryptocurrency community don’t go back to supporting Tesla again, if in case they come with some stupid stories tomorrow.

Fortify

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Quote from: Docbee on May 17, 2021, 02:31:19 AM

Elon Musk bought BTC some time ago, saying that BTC has various advantages;

But when he now cleared the warehouse after making money, say BTC all sorts of bad, which caused the extreme panic of the market.

I hate him！ Angry

You're sounding highly irrational and should probably stop buying cryptocurrency altogether if you care for the opinion of one manipulative multi-billionaire. It's business to him and right now, Tesla is just another unprofitable car manufacturer so he is trying to scrape together funds anywhere that he can - this was all foreseeable. He basically performed insider-trading on the Tesla stock and has a highly erratic personality, yet for some people these are perceived as admirable traits that they want to copy. The best you could hope for is to try and take advantage of his tweets, for example there was a huge run-up on the price of Dogecoin the week before his Saturday night live performance. Somebody could have seen all the signals if they were paying attention and made money from activity spike in that coin, it was setting new records for about 7 days straight.

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Quote from: Docbee on May 17, 2021, 02:31:19 AM

Elon Musk bought BTC some time ago, saying that BTC has various advantages;

But when he now cleared the warehouse after making money, say BTC all sorts of bad, which caused the extreme panic of the market.

I hate him！ Angry

But how could we do?
In my opinion, on the one hand, we should hold on to BTC. On the other hand, as practitioners, we should continue to discover and create high-quality blockchain projects, so that the blockchain industry can be recognized by more people. Cool

I have also never been a great fan of elon musk and when he entered the crypto space with his tweets about dogecoin a few months ago i was not happy about it like so many people here and in other crypto community but i was worried instead. Now that he made a lot of money with his bitcoin and dogecoin purchases he talks bad about Bitcoin and that alone is enough to drive the price down which is crazy and not completely his fault but he still should know that it can influence the life of a lot of people if he makes a tweet about a currency or an investment asset..i feel very bad for everyone who bought into crypto because of elon musk just before he caused the dump.

Dexion

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It is very obvious that Elon has indeed played the market to his heart's content, creating hype that can affect many people. It is as if he is the master of doge, but it is undeniable that every time he makes a sensation with his tweet about doge, the effect is enormous, and this will be very detrimental to people who decide to hold a doge without careful analysis and tend to follow the hype. that elon designed.

cute nmp

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Many people into crytocurrency will hate Elon musk for causing this bear market.Millions of dollars were liquidated in the market because of this and some people lost their funds especially traders that went long.The only way out of this is for people to stop panicking which will reduce the dump and stabilize the prices.

$anounimus$

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www.licx.io

Quote from: Atang Sulaeman on May 18, 2021, 12:37:57 PM

The panic that is made to knock the mentality of bitcoin holders, should be as good as it is to hold on to it because it is only for a while bitcoin will last, and will have a huge price tag in the future.

Yes, and usually the ones who get mental easily are only new holders of cryptocurrency so they can very easily give up the Bitcoin assets they already have at this time, in contrast to people who have been in cryptocurrency for a long time, they will tend to store Bitcoin in the conditions they are now.

Atang Sulaeman

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The panic that is made to knock the mentality of bitcoin holders, should be as good as it is to hold on to it because it is only for a while bitcoin will last, and will have a huge price tag in the future.

Freezingel

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We just need to ignore what he said, and stay in what we believed. Any people can have their own opinion about bitcoin, and they can make whatever decision they want with their investment. Maybe elon musk just don't think bitcoin is the suitable one for him, and that's okay. If we still believe in bitcoin, then we just need to keep holding. If we're not persuaded by his words and be panic, nothing will happen. His words will just pass like a wind.

worle1bm

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Quote from: Docbee on May 17, 2021, 02:31:19 AM

Elon Musk bought BTC some time ago, saying that BTC has various advantages;

But when he now cleared the warehouse after making money, say BTC all sorts of bad, which caused the extreme panic of the market.

I hate him！ Angry

But how could we do?
In my opinion, on the one hand, we should hold on to BTC. On the other hand, as practitioners, we should continue to discover and create high-quality blockchain projects, so that the blockchain industry can be recognized by more people. Cool

For some people he has turned out be source of high profits and I don't think they hate him in the crypto world.For instance the Dogecoin millionaires US brothers who invested $8k in Dogecoin and now they are playing in millions.This is how market works and if you keep the pace with the flow you can also make small or large share in profits depends upon your perspective.Tesla is still holding its Bitcoin after suspension of Bitcoin related payments and who knows he is buying this dip and disclose it later.You might have sell at low and find Musk guilty for this dips but you need to know that many initial btc supporters turn to be against it after having their profit share..When you understand the foul market play you win.

rahmathidayat93

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Quote from: Looper_U on May 18, 2021, 11:59:39 AM

Musk is just trying to double his billions, I get but that's why people must not rely on him and only try to take advantage when they see one too, the moment that Musk sees enough he won't hesitate to pull his profits, it's a shame that the world we live in today many like to be controlled by those in power and they follow the powerful ones like zombies

That's right, everyone should not be lulled by the tweets made by Elon Musk, because he is also a human being who wants to benefit himself through the various ways he does in the crypto space, so this is what everyone needs to understand well.

Looper_U

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$CYBERCASH METAVERSE

Musk is just trying to double his billions, I get but that's why people must not rely on him and only try to take advantage when they see one too, the moment that Musk sees enough he won't hesitate to pull his profits, it's a shame that the world we live in today many like to be controlled by those in power and they follow the powerful ones like zombies

Yatsan

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The problem is that because of his popularity and position, people have been easily deceived or let us just say being driven to believe into his tweets specially we do know Tesla company works that are really amazing and to think that it will adapt into using Bitcoin as a mode of payment right after purchasing a big amount of it really hyped up people to follow his here say that brought us into this situation right now. It is really good not to depend into someone when it comes to doing decision regarding crypto or other sorts of investment. It will be good to follow our own instinct based on facts and decide based on our guts and just serve those statements from influential people as a guidance but not a main factor for doing decisions on what we must do on our capital for investments. This is not a one sided blame after all because Elon Musk's statements are not directly profound to put people into investing. It is people's decision to follow him.

masterrex

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Quote from: Docbee on May 17, 2021, 02:31:19 AM

Elon Musk bought BTC some time ago, saying that BTC has various advantages;

But when he now cleared the warehouse after making money, say BTC all sorts of bad, which caused the extreme panic of the market.

I hate him！ Angry

But how could we do?
In my opinion, on the one hand, we should hold on to BTC. On the other hand, as practitioners, we should continue to discover and create high-quality blockchain projects, so that the blockchain industry can be recognized by more people. Cool

What a common enemy are you talking about, Elon is not against the proliferation of cryptocurrency in fact his hyping more about Dogecoin and Tesla's Bitcoin holding is just a small number and overall it has no significant effect on the market, and why we should set our standard to every Elon's tweet for me this is nonsense Bitcoin survive without Elon and it will survive no matter what. Just ignore those tweets. I'm sure the market will recover.

motun01

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Making investment decisions based on an influential person's opinion is never a sound way of investing because it doesn't always end well. In truth Elon never told anyone to buy BTC or doge but most people bought up these coins because of what they see as a likeness from a top tech guy like Elon.
I also dont get all the outrage because the markets has dipped a lot more in the past and will still likely dip more in the future, irrespective of if Elon tweets in support or against BTC

Ararbermas

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Activity: 1988

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Quote from: Docbee on May 17, 2021, 02:31:19 AM

Elon Musk bought BTC some time ago, saying that BTC has various advantages;

But when he now cleared the warehouse after making money, say BTC all sorts of bad, which caused the extreme panic of the market.

I hate him！ Angry

that's how he manipulate ppl's mindset not just the market.. Lol

So we need to accept the fact and lets continue to believing that bitcoin still have potential to surpass this situation, indeed even before without elon and tesla bitcoin shows a good progress and achievements.. How much more now that it still gaining strong support despite of some crypto meme? Yup that's true i know because of that funny memes bitcoin will become more popular around the internet and it can help to have massive adaption again. Just keep hodling instead and we need to be strong as well indeed there's way it i will end up like this. Wink

bittick

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Cryptocasino.com

Quote from: iTradeChips on May 18, 2021, 01:47:40 AM

If you are going to ask me then I would say that I don't really give a flying fart what Elon say. In the first place even if he is a billionaire, his billions cannot affect the market of crypto. He can affect the social aspects of people wanting to buy and sell. But certainly not the market, not the coins themselves. Even if Elon sold all of his Bitcoins, it will not have an effect. So we can all just chill, buy the dip, and then thank each other later for surviving another interesting year for crypto.

Exactly right? the main drive of the current bearish is because the media keep spreading elon's tweet and trying to build opinion, their tesla holding isn't exactly significant to the market anyway but people fussing over it as if tesla dumped the btc the market gonna get brought down to zero.
Maybe instead of being all negative due to elon musk people should also learn to watch other institutional investors like grayscale or microstrategy that buying btc in bulk like there's no tomorrow instead because they know the real potential of bitcoin.

Bravehash

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It's not right calling this man a enemy because all he did is changing the life of many investors and making himself some money in the process, I don't see anything wrong with this, you investors are the ones to avoid greediness, there are those who bought doge at 0.08$ and I expected them to sell at 0.54$, that's alot of profits already

iTradeChips

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Leading Crypto Sports Betting & Casino Platform

If you are going to ask me then I would say that I don't really give a flying fart what Elon say. In the first place even if he is a billionaire, his billions cannot affect the market of crypto. He can affect the social aspects of people wanting to buy and sell. But certainly not the market, not the coins themselves. Even if Elon sold all of his Bitcoins, it will not have an effect. So we can all just chill, buy the dip, and then thank each other later for surviving another interesting year for crypto.

KimmyF

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Activity: 978

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Quote from: Docbee on May 17, 2021, 02:31:19 AM

Elon Musk bought BTC some time ago, saying that BTC has various advantages;

But when he now cleared the warehouse after making money, say BTC all sorts of bad, which caused the extreme panic of the market.

I hate him！ Angry

But how could we do?
In my opinion, on the one hand, we should hold on to BTC. On the other hand, as practitioners, we should continue to discover and create high-quality blockchain projects, so that the blockchain industry can be recognized by more people. Cool

Cryptocurrency main rules or we always try to remind everyone that "do your own research". Elon must be just a person who also invested in Bitcoin. We shouldn't believe anyone's tweets or comments. You can blame Elon Musk, it's up to you. Later, I think that Elon musk is helping more people to gather knowledge of cryptocurrency. In the future, those people don't need Elon Musk or his tweets. Actually what we need, we got it (more investors).

NorvsGanda

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What Elon Musk is doing right now is the true power of being wealthy. That is the ability of having so much resources, connections, influence and world class TA team. Elon Musk is the true visionary but we can't set aside the fact that it is quite scary of what he can do more in crypto space/world.

Falconer

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Quote from: _IRMAN on May 17, 2021, 02:52:52 AM

Elon deliberately plays the market, we don't need to panic, we should just follow the game. If we panic it will only create losses, but if we can keep up with the game, we will make a profit.

Look at the hint in his recent tweet, 'Don't panic' is the key to everything in this game and enjoy, watch him play tweets that affect market prices but one day he is no longer needed in crypto because crypto has a strong community all over the world to reach the same goal.

sukmo

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Moonbet.io

Quote from: _IRMAN on May 17, 2021, 02:52:52 AM

Elon deliberately plays the market, we don't need to panic, we should just follow the game. If we panic it will only create losses, but if we can keep up with the game, we will make a profit.

Yes you say, this is just a game so stay calm and always follow the developments do not rush to act so that we do not lose.

Vaculin

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Activity: 2912

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Too much trust and confidence that we put into Elon Musk and Tesla could help the market to grow as they are accepting Bitcoin but somehow, due to a single tweet changes it all and started to dump the market price. I really don't know how it creates panic in the community?

If Elon Musk and Tesla purchase a huge number of Bitcoin and dump it all, this could obviously make a huge change but for that tweet alone, I can't really imagine that. There is something we need to find out as I believe that this is not all about the tweet but there might other reason/s that we never knows until now.

Coroline

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Elon is trying to make an impact in the crypto world, there's no need to panic. don't we all know that crypto is decentralized. it is ironic if every elon decision becomes a reference for the crypto world, it becomes backward and it damages existing technology. Before elon expressed interest in the crypto world, bitcoin and others had been strong before that. So there's no need to panic about what Elon is doing, maybe after this he makes his own coins hahaha.

Gatorelf

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you just have to remember BTC was contradictory to Tesla's agenda of a greener world. Whatever coin he does approve of will blast off regardless of opinions.

iv4n

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Look at some of my previous comments... I am saying Elon is a hypocrite! I used the exactly same words! First, he makes a lot of money (a little fortune), and later he said how Bitcoin is bad! It's not good... And he did the same with Doge! First, he said how Doge is great, later he twisted how Doge is not decentralized enough! He moves the market with his tweets and I am sure he is taking advantage of these price swings!
I am not sure is Elon the enemy of crypto! The fact is that he made a lot of profit with crypto, but looks like he has some hidden agenda! What it is we can speculate, but from what we could see until now, he is a hypocrite... he cares only about how to get richer and nothing else!

lionheart78

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Quote from: Docbee on May 17, 2021, 02:31:19 AM

Elon Musk bought BTC some time ago, saying that BTC has various advantages;

But when he now cleared the warehouse after making money, say BTC all sorts of bad, which caused the extreme panic of the market.

I hate him！ Angry

But how could we do?
In my opinion, on the one hand, we should hold on to BTC. On the other hand, as practitioners, we should continue to discover and create high-quality blockchain projects, so that the blockchain industry can be recognized by more people. Cool

Don't let emotion control you, instead look at the opportunity Elon Musk had created for you. He bought Bitcoin and shilled it, Bitcoin surge so it is a selling time for you. An now that he sold his stash and FUD the Bitcoin market, isn't it a time to buy back at a discount? Be rational and always look for the opportunity to profit even if it is a misfortune.

Fredomago

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Quote from: bitzizzix on May 17, 2021, 12:14:35 PM

It is humane when someone comes in and gives a very influential advantage then that person will become an idol and be proud of, and when that person leaves or makes a mistake because it has become a decision it will become hateful and be blamed.

that's how things rotate from any kind of market, a person is good in the eyes of everyone if he's providing productive influenced inside the business, while if he already not doing any good, pointing finger on him is usually happened.

Quote

In my opinion, the latest news about Elon is up to him and it is his right to do whatever it takes even if it affects the decline in the price of bitcoin and other cryptos.

We don't have that capabilities to conclued what's good or bad with someone's decisions and stand regarding to his chosen moves..

Quote

However, we have to admit that Elon's original plan has benefited a lot of people and made bitcoin and other cryptos even more popular because of his plans, with what happened we had to respond patiently and smartly because when profits come there will be losses.
what happens is normal, and we must be prepared to accept losses after making a big profit and making the best of the moment.

We should continue to analyze what are the adjustments that we needed to do, there are many twist around we need to decide with
extra carefulness with our invested money.

bitzizzix

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SOL.BIOKRIPT.COM

It is humane when someone comes in and gives a very influential advantage then that person will become an idol and be proud of, and when that person leaves or makes a mistake because it has become a decision it will become hateful and be blamed.
In my opinion, the latest news about Elon is up to him and it is his right to do whatever it takes even if it affects the decline in the price of bitcoin and other cryptos.
However, we have to admit that Elon's original plan has benefited a lot of people and made bitcoin and other cryptos even more popular because of his plans, with what happened we had to respond patiently and smartly because when profits come there will be losses.
what happens is normal, and we must be prepared to accept losses after making a big profit and making the best of the moment.

Fesatmas

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Quote from: Docbee on May 17, 2021, 02:31:19 AM

But how could we do?
In my opinion, on the one hand, we should hold on to BTC. On the other hand, as practitioners, we should continue to discover and create high-quality blockchain projects, so that the blockchain industry can be recognized by more people. Cool

because we are practitioners, as much as possible we should be able to have strategies and targets in making some decisions. going back to Bitcoin is a must, and don't forget that even current DeFi flows are very important to be reckoned with in our list of targets. that way there are several opportunities for achievement, after Elon made a few provocations, we should be able to read the direction of his mind. because if we can't do that, then how long can we watch it with Elon Musk tweet, which can easily change prices in no time.
we get into the DeFi stream, and try to do some research into it all.

Fivestar4everMVP

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Well, to be sincere, I don't hate Elon musk, he's a business man, people should understand this, who ever is in business is there to make money, to make good profit from he's or her investments, Elon is simply doing that.
Those I honestly hate are those who gave Elon power to manipulate the market, those who allow their brain to be bought by Elon musk, those who made Elon their God and believed in everything he says.
People with no brains have given Elon musk so much power thinking that Elon will use that power to better their lives but unfortunately today, the reverse is the case, instead of using the power given to him to better the lives of those that gave him the power just because they believed in him, Elon decided to use that power to enrich himself more by constantly manipulating the market, this goes a long way to tell us that people aren't always what they seem to be, they might just be goats hidin in sheep's clothes

int03h

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We need to be aware of the fact that the current crypto space is so easily swayed by side news. Tesla is just one of the thousands of great companies in the world so we need to get things right. Microsoft, Amazon, Payal, Visa... and dozens of other companies are allowing Bitcoin as a payment unit in their ecosystem, and investment funds are actively buying Bitcoin. So we need to put aside the idea that Tesla and Elon Musk are too important in the crypto space. Let's once again overcome the crisis and put Bitcoin on the moon.

We have seen dozens of events worse than Tesla stopping accepting Bitcoin as payment or Elon Musk's meaningless tweets like China, India used to ban Bitcoin or electronic exchange hacks. Big companies like MTGOX, BIFINEX, KUCOIN, BINANCE...

The most recent was the black swan event in March 2020 that caused Bitcoin's value to drop by more than 50%.
We need to change our minds and have a more positive view of the market. Don't hate Elon Musk, consider how our community has corrupted the crypto space. They were too greedy, wanted big profits and encouraged new shitcoin projects like SHIBA, AKITA, SAFEMOON...

Sterbens

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everyone began to vent their frustration over the impact of some claiming to be the great popes. Maybe some time ago, you didn't blame Elon Musk for the price hike, because you had a fortune about it. but after turning around and throwing away the price, you will say Elon is the enemy.

I don't blame anyone, but we need to realize again, that everything will be corrected in time. and we have to accept this gracefully. the householder blames some people, because he sticks to his own business principles.
And for that, we don't see the crypto market as a decentralized market when we hit 2021. There's something the whales are playing with.

Ekyfitri

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SmartFi - EARN, LEND & TRADE

Quote from: gurunanakji777 on May 17, 2021, 09:42:14 AM

I don't think so he is the only one who can manipulate the market there are many other big players who invested huge money in the BTC. Only Elon's statement can not affect the market like this. He is behaving like McCafe and soon nobody will pay attention to his tweets. He keeps changing its statement if you check his regular tweets so don't take this guy more seriously. I feel a market correction is taking place at the moment.

When he increasingly plays with his followers on social media, I think that soon no one will start to care about what he writes. we've seen events like this happen in the past. and at the moment it seems like ELON is repeating. I think, not everyone will be happy if you keep being teased. Elon has to fix what he's doing if he doesn't want to see how his popularity will fade.

gurunanakji777

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I don't think so he is the only one who can manipulate the market there are many other big players who invested huge money in the BTC. Only Elon's statement can not affect the market like this. He is behaving like McCafe and soon nobody will pay attention to his tweets. He keeps changing its statement if you check his regular tweets so don't take this guy more seriously. I feel a market correction is taking place at the moment.

Yamifoud

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Quote from: Docbee on May 17, 2021, 02:31:19 AM

Elon Musk bought BTC some time ago, saying that BTC has various advantages;

But when he now cleared the warehouse after making money, say BTC all sorts of bad, which caused the extreme panic of the market.

I hate him！ Angry

But how could we do?
In my opinion, on the one hand, we should hold on to BTC. On the other hand, as practitioners, we should continue to discover and create high-quality blockchain projects, so that the blockchain industry can be recognized by more people. Cool

We just escalated the issue about the current market situation. Maybe it was enough to think that Elon Musk had started this even though he was not yet proven guilty. If we keep talking about him, about Tesla, and SpaceX, the more people got panic and think badly about selling their Bitcoin.
What we want to do now is to calm people, to help them understand that sometimes the market behaving like this. No Elon Musk, No Tesla, and NO manipulation but this is just a normal market correction, and the time has come that will be turning back low again like in the previous years.

Cling18

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Investors also hold a huge effect on the market situation because every time Elon Musk tweets something, they believe him right away and panic. Elon is a manipulator and he plays with the market for his own benefit. The best thing that we should do about it is just to take advantage and make money out of it.

tsaroz

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It seems so after that bitcoin statement and subsequent fall in overall crypto prices. But Elon Musk has played a great role in bringing crypto to mainstream media. Even the media that used to avoid crypto as much as possible were bound to cover the news about Elon Musk. And many people though without proper plan jumped entered the crypto market. It may bring some hassle but Elon has done a great work for crypto advertisement.

noorammak

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The fact that Elon Musk brought us tweets brought about extreme market volatility. He abuses his speaking ability to manipulate the market and make many people lose money. That is too bad. Maybe it's time for people to wake up and return the right value of the market by stopping chasing news and encouraging shitcoin projects like DOGE, AKITA INU, SHIBA INU to grow. That will make serious development blockchain projects offended, treated unfairly. We need real projects under development to bring purity to the crypto space.

isaac_clarke22

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Nothing. We could do nothing, like just hodl and don't let these people affect how you hodl your Bitcoins.
It is people's reaction that manipulates the market, not Elon Musk. The media makes it look like that just because one celebrity turned the market around means that they have the full control of it.
How about people should stop reacting too much depending on the celebrities' words?

yazher

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You own the pen

He and John McCafe have the ability to turn the crypto market upside down because of their comment on a certain coins. Unlike in the John McCafe era, Elon Musk has more strong words because of his current state in the world. his assets and successful history as a man have the biggest in fact where when he said some words, people will likely blindly follow him and that's the dangerous thing to do. because he could be just manipulating the crypto market and you will become one of the props to execute his plans.

mobtc

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www.cd3d.app

If the virtual currency will change the trend because of a person’s tweets, then this person is really powerful.
If you want to make money, you have to keep a clear head, You always remember what choices you have to make to make money, and just buy and sell your own virtual currency without listening to others.

Gayong88

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Just a volatile market condition in my opinion, We know that BTC is the father of all coins/tokens. if a correction occurs in BTC other coins are also corrected. well, there is something interesting in my opinion reading in your question, namely "we have to make and find a quality one"

The answer is clear, choose a fundamentalist coin/token that has a strong defense when BTC is being corrected. I think you have enough ability to choose a storm wardrobe for coins/tokens.

Ecex.Exchange

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Elon Musk is just a genius. People like us need to get used to it and take what is left for us.

shinratensei_

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Leading Crypto Sports Betting & Casino Platform

We could do nothing for that. Elon was also agreeing with the twee that already created by jack dorsey about the bitcoin was conservative and then he was denying it again.
That means if elon has an agenda for that.

After tesla already announced if the company is not even selling a single bitcoin from the market. This tweet stops bitcoin get another dump. The drama on the twitter becomes even crazy from day to the another day.

Irazzzta

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I don't think we should hate him, but we should thank Elon Musk for inviting new people to use crypto. Even though the market is currently bearish trend and corrections, but with crypto users around the world are increasing due to Elon Musk's influence. So crypto will remain, with a lot more user foundations

Kabul

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Activity: 619

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He can be both a bitcoin savior or destroyer, depend on your perspective. I have earned a good amount of money when bitcoin was around $10000 and he started to support bitcoin. RIght now, I still follow his movement and tweets to see whether I should sell or buy my bitcoin. It is a good strategy to me so far

OcTradism

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Quote from: Docbee on May 17, 2021, 02:31:19 AM

Elon Musk bought BTC some time ago, saying that BTC has various advantages;

But when he now cleared the warehouse after making money, say BTC all sorts of bad, which caused the extreme panic of the market.

Elon Musk has never said that Bitcoin is bad. Please stop your bad FUD.

That billionaire only said he still believe in crypto and Bitcoin. Only the mining operations at this moment don't fit the mission of Tesla and it is why he decides to stop the adoption for Bitcoin on Tesla company.

Do you need I give you some tweets of Elon Musk? You can easily get his tweets and see how he supports Bitcoin.

Have you ever thought that some day Elon Musk will set up a Bitcoin mining farm and use all energy from renewable resources: solar, winds, heat?
With a big tech company like Tesla, they can do it if they want.

It will be a new era for Bitcoin mining and will help BTC finishes its Moon mission.

Quote from: https://twitter.com/elonmusk/status/1392950720979030019

To be clear, I strongly believe in crypto, but it can’t drive a massive increase in fossil fuel use, especially coal

Source https://twitter.com/elonmusk/status/1392602041025843203/photo/1

Henrobakkara

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Quote from: bakasabo on May 17, 2021, 03:25:30 AM

Quote from: Docbee on May 17, 2021, 02:31:19 AM

I hate him！ Angry

This is market. Price goes up and down.

You are right and we understand this but that doesn't mean that Elon did not try to manipulate the market because it is free space which is my biggest concern here. How could he with his so called intellectuals not understand how and what made Bitcoin to start this kind of Fud?
Yes people will be able to make money on the down side of the market but this don't apply to all and Elon musk cannot say with Sincerity that they did not sell off the Bitcoin he bought weeks back before he made that tweet.

bhadz

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Merit: 568

Payment Gateway Allows Recurring Payments

Hold on to btc no matter what Elon Musk says. And there's a new confirmation from him through his twitter that says Tesla hasn't sold any amount of bitcoin. Look at the guy, he loves to play the feelings of everyone and if you're having a weak heart then it's not for you. Just avoid the world of twitter and focus on your holdings. No need to look at any update unless you're a day trader who relies on the market news and issues in circulation.

bakasabo

legendary

Activity: 2436

Merit: 1207

Quote from: Docbee on May 17, 2021, 02:31:19 AM

I hate him！ Angry

You are the great example of how easily people can change their shoes. Few months ago, when thanks to Elon Musk Bitcoin showed significant growth, people praised and loved him. But right after he tweeted about Tesla stop to accept Bitcoin as a payment, he instantly becomes a persona non grate or an outcast.

This is market. Price goes up and down. Get used to it my friend and try to get resistant to such drops. It was obvious that Bitcoin would change price direction any soon. Musk has just made a step, but panic sellers started to run from crypto.

WalkerIVIV

hero member

Activity: 2436

Merit: 503

Cryptocasino.com

Don't panic everything will be fine. Crypto has proven that if it can counter dump worth billion of money. Bitcoin as a coin with the biggest liquidity in the crypto can counter it. Im sure that tesla will never try to sell their bitcoin at the loses. I think that if you are a part of old crypto users and you might have experienced with the EOS story.
EOS raised 5 billions worth of ethereum and it was dumped to the market a few years ago and this time ethereum can still exist even with the 5 billion dumps from EOS.
I hope that tesla will dump their bitcoin and that will make bitcoin free from manipulation by elon.

Stanlo

full member

Activity: 952

Merit: 110

Follow the man and make some money but be rest assured that the end will be devastating, there are many like Musk in 2017 and all the projects they hyped end up bringing massive losses to those who treat them projects like real gold, be smart because that's what all billionaires use as tools to move Futher

Psynthax

hero member

Activity: 2366

Merit: 504

Not an enemy if people didn't put too attention to his tweet, to be frank tesla's bitcoin holding wouldn't have any significant influence to the market if it's not for the fud that elon is spouting every day, not to mention the sign is already showing when people just blindly follow or make their financial decision based on elon's tweet so it could open a big opportunity for elon to crash the market by simply tweeting something.
remember that behind his every tweet there's definitely some ulterior motive that's unknown to people otherwise it will fail, he could be fudding bitcoin at the mean time and the next month he could increase his company's btc posession.

_IRMAN

copper member

Activity: 1400

Merit: 103

Elon deliberately plays the market, we don't need to panic, we should just follow the game. If we panic it will only create losses, but if we can keep up with the game, we will make a profit.

Skinny48

member

Activity: 448

Merit: 18

Follow his threads and make money, do the same thing he is doing (taking advantage with his millions) and dump when you see the chance, the man is already on his way to ruined reputation, he will end up like John McAfee, this ain't robot, electric cars and space shit, this is blockchain and crypto, something he never learned anything about

Luffygroove

member

Activity: 966

Merit: 25

Ton Together | Save Smart & Win Big

I don't like his guts either, I didn't follow the flow that he made and never interested in the hype caused by him. I always see cryptocurrencies as an answer to the future never about a pump and dump scenario. However, I can't blame him because of all of this. What makes me wonder is more like "why is it so easy for certain people to make the crypto world upside down merely because of a tweet?". The Crypto community needs to look at this and do some introspection. Is it this easy to make the crypto world flip-flop?.

Docbee

full member

Activity: 822

Merit: 100

Elon Musk bought BTC some time ago, saying that BTC has various advantages;

But when he now cleared the warehouse after making money, say BTC all sorts of bad, which caused the extreme panic of the market.

I hate him！ Angry

But how could we do?
In my opinion, on the one hand, we should hold on to BTC. On the other hand, as practitioners, we should continue to discover and create high-quality blockchain projects, so that the blockchain industry can be recognized by more people. Cool

Topic: A common enemy in the crypto world--Elon Musk! (Read 720 times)