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Topic: Bitcoin pumping because of Tesla boy? - page 3. (Read 492 times)

newbie
Activity: 40
Merit: 0
January 06, 2020, 11:24:51 AM
#7
I am not thinking that price will increase after elon's
Support or comment. It Will depend about the secret sauce of blockchain.
legendary
Activity: 3556
Merit: 9709
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January 06, 2020, 11:19:04 AM
#6
There’s not really a correlation between any Musk comments & the small price movements of recent days. It’s just normal market behaviour. The price SHOULD start to seriously get moving upwards in a few months as we near the halving.
legendary
Activity: 2282
Merit: 1041
January 06, 2020, 11:17:38 AM
#5

I can not see any connection about the price pumps these days to Elon Musk.

People knew he had invested to BTC because he once announced it. If he will later announce that the company only accepts BTC for the new cars I think we will be seeing more people going into BTC.  Would like to see this and see collectors come to buy the car and help the crypto economy.
legendary
Activity: 2478
Merit: 1360
Don't let others control your BTC -> self custody
January 06, 2020, 10:19:10 AM
#4
Explain to me how this would be possible.
An average stock trader checks charts and sees that Tesla is going up. He doesn't think that maybe it would be a good idea to board the train, or if he has shares already to take profit. He thinks that since Musk tweeted about Bitcoin maybe it's a good idea to buy Bitcoin not Tesla Cheesy It's like going to the store, thinking that you'd like to eat scrambled eggs and buying a chicken.
legendary
Activity: 3080
Merit: 1500
January 06, 2020, 10:11:32 AM
#3
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!
sr. member
Activity: 1568
Merit: 321
★777Coin.com★ Fun BTC Casino!
January 06, 2020, 08:53:39 AM
#2
I am not sure it has affect on Bitcoin price really. If he use blockchain in its wallet, it may affect but there is nothing like that.
hero member
Activity: 2282
Merit: 659
Looking for gigs
January 06, 2020, 08:45:07 AM
#1
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). 
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