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Topic: Bitcoin pumping because of Tesla boy? - page 2. (Read 492 times)

sr. member
Activity: 1400
Merit: 273
January 06, 2020, 10:17:43 PM
#27
This is another lame attempt to attribute the rise of Bitcoin, which is being bought and sold every second all over the world, to someone popular. This is another far-fetched theory trying to connect one man and his little action to the rise of the price of Bitcoin which is affected by so many factors all around us.
sr. member
Activity: 756
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January 06, 2020, 08:05:01 PM
#26
Elon Musk definitely supports bitcoin but I don't remember any recent tweet from him about bitcoin. I belive, the last tweet he made about bitcoin was back in early 2019. Which doesn't have any relation with the current surge! Neither it has any relation with the current car sales of Tesla.

The current surge is most probably fueled by the fresh tension mounting up between Iran and US! While a lot of people are actually expecting war, they are also looking for alternatives to safeguard their wealth. As a result, Gold and Bitcoin prices are rising fast!

Yes, I agree with you that the increase in bitcoin these days has nothing to do with Elon Musk's tweet. His support for bitcoin will not affect the price of bitcoin. I think the current rise in bitcoin is due to the impact of the conflict between Iran and the United States. we know since this conflict heats up the price of gold and oil began to increase. investors will secure their assets to gold and maybe also bitcoin. because I also heard that some Middle Eastern countries will support cryptocurrency.
legendary
Activity: 1424
Merit: 1008
January 06, 2020, 07:01:00 PM
#25

The current surge is most probably fueled by the fresh tension mounting up between Iran and US! While a lot of people are actually expecting war, they are also looking for alternatives to safeguard their wealth. As a result, Gold and Bitcoin prices are rising fast!

Yes mate you right the current situation on going between  us vs Iran it will be favorable of investors find the way to make their funds in safe for saving so they are find alternative ways like investing in bitcoin or gold because we can see the price hike in gold around 15% within two days  and some also bitcoin got more than 10% hike now and we can expect more it will depending on the situation.
full member
Activity: 756
Merit: 104
January 06, 2020, 05:43:43 PM
#24
Elon Musk is after big dreams. I don't know what kind of affinity it has with Dogecoin. But he tried something fun. What will happen now. One day mankind can colonize Mars. I don't think we can use paper money on Mars.
legendary
Activity: 2828
Merit: 1497
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January 06, 2020, 02:29:50 PM
#23
Got to be one of the most pathetic and straw grabbing articles so far and there are billions to choose from.

And is the author so dim that he's mistaken all those fake Elons doing 'giveaways' as the real man's support? I most certainly would not be surprised if that were the case.
My sediments exactly! Grin
Didnt they know elon supports doge instead. Roll Eyes
He did tweet one time he was the new ceo of doge coin a year ago. I posted about that somewhere around here. Cheesy
legendary
Activity: 2968
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January 06, 2020, 02:17:08 PM
#22
So an almost 2% overperformance is considered explosive growth these days? What's Bitcoin doing 15% on a regular day then? Mega super explosive?

Musk is the kind of guy who calls people paedos when they're busy rescuing children, donates a million to a treeplanting cause on youtube (instead of to a project actually planting trees) and yeah they've all got to be crazy to be successful, so I don't begrudge them that but what exactly has he got to do with Bitcoin?
legendary
Activity: 2016
Merit: 1107
January 06, 2020, 02:05:23 PM
#21
I think the recent price rise of bitcoin stemmed from tensions between the US and Iran. The people of Iran seek an alternative currency to keep their assets amid fears of war, in some local exchanges of Iran bitcoin even reaches $ 25,000.
I remember not having seen a tweet from Elon Musk saying that he supported bitcoin recently, so I think that Elon Musk has not affected the price of bitcoin in recent days.

I think that recent tensions between the US and Iran have no impact on the price
same as Ilon Musks's tweets , zero influence or less
I doubt that anyone takes what Musk says seriously after all of his failures and broken promises
and the stories of some local exchanges putting 25.0004 tags on bitcoin doesn't mean people are buying it
hero member
Activity: 1249
Merit: 506
January 06, 2020, 01:58:17 PM
#20
I think the recent price rise of bitcoin stemmed from tensions between the US and Iran. The people of Iran seek an alternative currency to keep their assets amid fears of war, in some local exchanges of Iran bitcoin even reaches $ 25,000.
I remember not having seen a tweet from Elon Musk saying that he supported bitcoin recently, so I think that Elon Musk has not affected the price of bitcoin in recent days.
legendary
Activity: 2128
Merit: 1293
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January 06, 2020, 01:32:10 PM
#19
Could this be the reason Bitcoin keeps pumping?
do you see bitcoin price going up 100% in every hour?
then your question is stupid! bitcoin isn't "pumping".

Got to be one of the most pathetic and straw grabbing articles so far and there are billions to choose from.

And is the author so dim that he's mistaken all those fake Elons doing 'giveaways' as the real man's support? I most certainly would not be surprised if that were the case.
a quick look at OP's post history shows that he has been posting garbage from the same website for a long time now which can only lead to the conclusion that he is getting paid to spam it on bitcointalk.
legendary
Activity: 1778
Merit: 1009
Degen in the Space
January 06, 2020, 01:06:18 PM
#18
I think this tesla isn't the reason why bitcoin pumped lately. 

The reason why the price of BTC surged from $6,853 to $7,369 over an 8-hour period is because of the war between US-Iran. The reason for this war was Iran's top military commander has been killed by the US. Since there are linear moments that are happening sometimes in the market, it occurs in this situation. This situation make the oil prices pumped which makes the BTC price also surged coincidentally.

But we aren't still sure since some speculations that January 2020 will go pump so maybe it's the reason or there's a chance that the situation between US-Iran makes this massive bullish in Bitcoin.

sr. member
Activity: 2506
Merit: 368
January 06, 2020, 12:36:51 PM
#17
I've read a lot of rumors on why Bitcoin pumps at $7500 but I don't really know which one is true. Some say it was because of the recent war between US and Iran that's why Bitcoin pumped. And now, this? lol
There's no one can tell what really happens but let's just be thankful because Bitcoin move a bit even when the market is expected to become bearish.
legendary
Activity: 1638
Merit: 1033
January 06, 2020, 12:34:11 PM
#16
I don't think this is a strong reason why bitcoin is rising, in fact many big companies and artists have tweeted about bitcoin but that doesn't have much effect. From the issue that I got a few days, bitcoin rose due to a dispute between the US and Iran, this made bitcoin rise on the local iran exchange which also affected the international exchange.
sr. member
Activity: 1568
Merit: 321
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January 06, 2020, 12:13:34 PM
#15
Nobody gives a toss about Elon Musk.

Bitcoin's price is rising because of geopolitics. We're witnessing it's transition into digital gold. The price of gold is at a seven year high, thanks to events in the Middle East, and bitcoin is rising towards $8000 for the same reason.

Musk is completely irrelevent to all this.

I think we can't tell people that. Or they don't want to understand. We know that Bitcoin should be decentralized, but at every opportunity we want someone to talk positively about Bitcoin and buy Bitcoin or something.

Does Elon Musk really praise Bitcoin for us?
Does that help us? Does it help Bitcoin? I do not think so. It would just be another tweet that will get a very much like.
legendary
Activity: 2310
Merit: 1035
Not your Keys, Not your Bitcoins
January 06, 2020, 12:04:40 PM
#14
Elon Musk's tweets surely hold some weight, but it is very unlikely for people to make decisions just because Elon is supporting it. Although I know a lot of impulsive investors who are looking for a signal to invest everywhere especially on Twitter. That's why Crypto Twitter is so famous - because some people made some lucky calls and some people followed it and then they've bragged about it.

Respect for Elon for supporting Bitcoin!
legendary
Activity: 1652
Merit: 1088
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January 06, 2020, 12:01:26 PM
#13
Nobody gives a toss about Elon Musk.

Bitcoin's price is rising because of geopolitics. We're witnessing it's transition into digital gold. The price of gold is at a seven year high, thanks to events in the Middle East, and bitcoin is rising towards $8000 for the same reason.

Musk is completely irrelevent to all this.
sr. member
Activity: 1918
Merit: 370
January 06, 2020, 11:56:15 AM
#12
Tesla founder Elon Musk famously supports Bitcoin via Twitter. But these days, the renaissance man is making news for other reasons.

Shares of Musk’s electric automaker, Tesla, spiked after the company beat sales forecasts for Q4. The robust prediction of 360,000 cars delivered was surpassed by 7,000 units. Such explosive growth appears to prove that Musk has weathered the worst of the storm.


Click here to read the full news

Could this be the reason Bitcoin keeps pumping?

Of course, Elon Musk a.k.a. Tesla Boy is supporting Bitcoin at all costs on one of his tweets. Now he has other reasons why, and I think it’s a good thing as well that would really contribute to Bitcoin’s recent pump.

However, I would not really count on that because the scammers are lurking and waiting for the right time for Bitcoin to go even higher before making a massive dump. It’s just my own thoughts though, as I’m preferring those who are scammed by PlusToken or any other scams (which these scammers are still holding to some BTCs while waiting for bull run to commence).  

Personally, I don't think I will agree with you on this. The entire bitcoin market is very known for a sudden increase in the market value of bitcoin with no particular reasons backing this increase.  People always find reasons to back an increase in the price of bitcoin just to create FUDs in the crypto ecosystem.  There might be a specific reason for this rise but i don't really think the above post is the reason.
Indeed, Elon Musk publicly sharing his support on bitcoin might produce some hype on his supporters bt that's too insignificant a value to even consider. FUDs are being made because of this which in itself is not really that bad but it creates false hopes on people aspiring to invest. It's best to assume that bitcoin's price is independent and is not controlled by one or more variables than blatantly saying joe's the reason why bitcoin's high.
sr. member
Activity: 1036
Merit: 275
January 06, 2020, 11:49:10 AM
#11
Tesla founder Elon Musk famously supports Bitcoin via Twitter. But these days, the renaissance man is making news for other reasons.

Shares of Musk’s electric automaker, Tesla, spiked after the company beat sales forecasts for Q4. The robust prediction of 360,000 cars delivered was surpassed by 7,000 units. Such explosive growth appears to prove that Musk has weathered the worst of the storm.


Click here to read the full news

Could this be the reason Bitcoin keeps pumping?

Of course, Elon Musk a.k.a. Tesla Boy is supporting Bitcoin at all costs on one of his tweets. Now he has other reasons why, and I think it’s a good thing as well that would really contribute to Bitcoin’s recent pump.

However, I would not really count on that because the scammers are lurking and waiting for the right time for Bitcoin to go even higher before making a massive dump. It’s just my own thoughts though, as I’m preferring those who are scammed by PlusToken or any other scams (which these scammers are still holding to some BTCs while waiting for bull run to commence).  

Personally, I don't think I will agree with you on this. The entire bitcoin market is very known for a sudden increase in the market value of bitcoin with no particular reasons backing this increase.  People always find reasons to back an increase in the price of bitcoin just to create FUDs in the crypto ecosystem.  There might be a specific reason for this rise but i don't really think the above post is the reason.
copper member
Activity: 2940
Merit: 1280
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January 06, 2020, 11:43:54 AM
#10
It's so funny that you call him Tesla Boy instead of other things like "The Real Iron Man" or something related to that, lol. Anyway, someone as influential as Elon Musk has a large group of followers on Twitter. I did some research, and I found out that it wasn't a recent tweet, or maybe someone could point out the recent one? All I could find is this link below.

https://www.bbc.com/news/technology-45953747

I don't think it's the cause, and it's quite old news. I see as Tesla and Bitcoin has almost the same start. I don't imagine to have two coincidences where the stock price rose of Tesla and Bitcoin rose in price as well automatically are linked.
mk4
legendary
Activity: 2870
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Paldo.io 🤖
January 06, 2020, 11:30:34 AM
#9
So bitcoin pumped because Elon's company rose in price just because Elon Tweeted about bitcoin like once? Give me a freakin break. At least give more possible causes like the potential(?) Iran war? Rather than this bullcrap. Next thing you know these crappy media sites will say that bitcoin rose because Nicolas Cage has a father in law that has a cousin that has a close friend that's cousin is bullish on bitcoin.
legendary
Activity: 2590
Merit: 3015
Welt Am Draht
January 06, 2020, 11:29:26 AM
#8
Got to be one of the most pathetic and straw grabbing articles so far and there are billions to choose from.

And is the author so dim that he's mistaken all those fake Elons doing 'giveaways' as the real man's support? I most certainly would not be surprised if that were the case.
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