Topic: Can the market build an immune system against meddling from influencer like Musk (Read 778 times)
July 25, 2021, 12:44:29 PM
I think the market immune system against influencers can certainly happen, but still it can't be 100%, maybe later the market will succeed in ignoring influencers like Elon and others, but still if there are influencers who are more popular and famous than Elon, the market must be will be affected, even if it's not that big anymore
July 24, 2021, 08:45:22 AM
Social media meddling of bitcoin started as far as it was involved. Human psychology is greatly involve in the price movement of cryptocurrency and it is exploited through the social media and the large audience, it is just time for such a big influence as Elon Musk. Who knows who could be next in the coming cycle? I dont think Buterin is involved in the manipulation of the market, he just understand the technology alone.
July 27, 2021, 10:44:14 AM
Unfortunately, newbies will always invest into whatever the influencers say and in the crypto world Elon Musk became one of the biggest crypto investors of all time, dude managed to manipulate the market so much that some useless coin like doge ended up going nearly 30x in few months, it wasn't even high during 2020, it is purely 2021 that we saw doge going up so much and without any reason at all as well.
This is not something he was capable of doing all by himself, a lot of people had to trust and believe him whenever he said something in order to have that kind of power which means others gave him that power via using their money according to whatever he says. I understand that it is hard to understand why would anyone invest into doge just because he said it, makes zero sense, but there were way too many people that did it and I do not see how we can become immune to it since it is already something very silly.
We need to have a counter marketing for that, only thing that can stop these influencers are a counter marketing that goes viral and we could actually end up making being a crypto influencer a humiliating thing. How?This is not something he was capable of doing all by himself, a lot of people had to trust and believe him whenever he said something in order to have that kind of power which means others gave him that power via using their money according to whatever he says. I understand that it is hard to understand why would anyone invest into doge just because he said it, makes zero sense, but there were way too many people that did it and I do not see how we can become immune to it since it is already something very silly.
For example, "youtuber" is not a bad thing, you shoot videos for youtube and then you earn money for it, but there were sooooo many bad youtubers that in my nation we mock the job title youtuber, even if they are known and make money we mock that job title, many of them turned into doing something else with the money they made because they felt ashamed for being a youtuber, normally when you look at it there are so many awesome youtube channels that I am madly in love with.
Do the same for crypto influencers on twitter, just keep mocking them and humiliating them for being one, keep mocking them until others join and eventually everyone will be mocking them. If we are successful at mocking everyone constantly then they will be humiliated and stop as well.
July 27, 2021, 01:45:14 AM
I think the market immune system against influencers can certainly happen, but still it can't be 100%, maybe later the market will succeed in ignoring influencers like Elon and others, but still if there are influencers who are more popular and famous than Elon, the market must be will be affected, even if it's not that big anymore
Market immunity against influencer will be like our immunity against many variations of covid, sounds funny but its true because the market cant always immune against the influence of influencer, maybe this time its elon musk and tomorrow there will be another influencer that could move the market and that not only happen in crypto market so we can say its fair enough.What important is how we can read the market movement despite the presence of these big influencers so we wont get trapped in the market instead.
July 26, 2021, 06:47:47 PM
I think the market immune system against influencers can certainly happen, but still it can't be 100%, maybe later the market will succeed in ignoring influencers like Elon and others, but still if there are influencers who are more popular and famous than Elon, the market must be will be affected, even if it's not that big anymore
It could be true and possible things happen in the future. Most of us always follows people if they see easy profit if they do it, so as long they see a people can make a huge impact in the market, they will follow and its create a bigger impact and so on.
July 26, 2021, 11:01:33 AM
Actually, he can't manipulate the price as successfully as he did before. As I remember, his latest tweets about dogecoin didn't cause any big rises, only 2% and then returns to previous level. So now people understand that dogecoin was just a tool for Musk for speculation, and his promises that he will accept dogecoins for Tesla and use it on Mars( I have heard such claims, but I am not sure if Elon Musk really said this) are leaves without figs. 
July 25, 2021, 02:18:24 PM
if all investors in cryptocurrency market was expert maybe we could see active immune system to prevent centralization from single man or country. Unfortunately we still need influencer to shill and spread about crypto project. they give huge impact to market volatility , especially if come from billionare. cryptocurrency market truely not centralized since its easy to manipulate by whales, if decentralized system every person have their own stand and independence from any fud.
Unfortunately, newbies will always invest into whatever the influencers say and in the crypto world Elon Musk became one of the biggest crypto investors of all time, dude managed to manipulate the market so much that some useless coin like doge ended up going nearly 30x in few months, it wasn't even high during 2020, it is purely 2021 that we saw doge going up so much and without any reason at all as well.This is not something he was capable of doing all by himself, a lot of people had to trust and believe him whenever he said something in order to have that kind of power which means others gave him that power via using their money according to whatever he says. I understand that it is hard to understand why would anyone invest into doge just because he said it, makes zero sense, but there were way too many people that did it and I do not see how we can become immune to it since it is already something very silly.
July 24, 2021, 08:35:17 AM
if all investors in cryptocurrency market was expert maybe we could see active immune system to prevent centralization from single man or country. Unfortunately we still need influencer to shill and spread about crypto project. they give huge impact to market volatility , especially if come from billionare. cryptocurrency market truely not centralized since its easy to manipulate by whales, if decentralized system every person have their own stand and independence from any fud.
July 23, 2021, 02:04:33 PM
it's time now that the market is free from the shadow of Elon Musk's influence, because what Elon Musk has done has completely destroyed the bitcoin price, I can't imagine if the market is under Elon Musk's control and we can see how the market will continue to depend on speculation what he will do later, actually what Elon Musk is doing now is no different from what John Mcaffe did before, which was manipulating the market for his own personal gain...!
I do not really believe that it was Elon that destroyed the price of bitcoin, it was the people who cared what Elon thinks and that is why the price went lower. If Elon wrote all those tweets but nobody cared then Elon would not be able to influence the market, so it was not him tweeting about it then made things go down, it was the people who sold all their coins because he tweeted bad things about bitcoin that made it go down.This is why I honestly think that it is still quite a decentralized currency, why? Because, Elon might have said some bad things but it was all the people that ended up selling their coins that caused the price to go down. Remove Elon there and put in any other person and as long as people care and buy/sell depending on ANYONE then it is going to be manipulated that way. So I would not give the blame to Elon in this regard, it is the people who buy/sell that are still in power.
July 13, 2021, 11:33:08 AM
Although, I don't like Elon, there is no denying the positive moves in the market based on his tweets. To be fair, there are countless celebs with such fomo moves, not just him. It will continue to happen. Everything needs to be natural, although no one can be satisfied with such an outrageous way of distorting values.
positive moves effect in the market? are you sure about that? did you even ask yourself what happen tot he market when Elon talks negative in the market? is that bringing any Positivity ?don't fool yourself mate because Elon is only manipulating the market and that is what we must understand to favor His Desire to make a world out of mars lol.
July 13, 2021, 10:37:36 AM
it will be difficult because indeed the market has been influenced by hype influencers like Elon Musk so it is very difficult to avoid it all because it has been a market manipulation for a long time to make the market hotter. The speed with which there has been hype has caused the market to have a great attraction so that there is a large market demand that causes prices to tend to rise and have a high value. It is very good to buy and sell them because those moments don't last too long so you have to be quick to sell them.
- Now that we know this is the market's trick to make things hotter, maybe we're also among those who don't want an immune system put in place here because all the advantages in this story will be aimed at investors with perspective and luck, with just one such influence, both the environment changes and the profit rate will be faster than ever. This is clearly our basic requirement from the moment we enter the market, no matter what Elon Musk or influencers know, just knowing the source can generate profits. 
July 13, 2021, 06:52:00 AM
Although, I don't like Elon, there is no denying the positive moves in the market based on his tweets. To be fair, there are countless celebs with such fomo moves, not just him. It will continue to happen. Everything needs to be natural, although no one can be satisfied with such an outrageous way of distorting values.
positive moves effect in the market? are you sure about that? did you even ask yourself what happen tot he market when Elon talks negative in the market? is that bringing any Positivity ?don't fool yourself mate because Elon is only manipulating the market and that is what we must understand to favor His Desire to make a world out of mars lol.
July 13, 2021, 06:15:13 AM
it will be difficult because indeed the market has been influenced by hype influencers like Elon Musk so it is very difficult to avoid it all because it has been a market manipulation for a long time to make the market hotter. The speed with which there has been hype has caused the market to have a great attraction so that there is a large market demand that causes prices to tend to rise and have a high value. It is very good to buy and sell them because those moments don't last too long so you have to be quick to sell them.
July 12, 2021, 09:38:19 AM
Although, I don't like Elon, there is no denying the positive moves in the market based on his tweets. To be fair, there are countless celebs with such fomo moves, not just him. It will continue to happen. Everything needs to be natural, although no one can be satisfied with such an outrageous way of distorting values.
July 11, 2021, 02:18:41 PM
In a highly volatile market, it's very unlikely, people are swayed by profit, where the money is, investors will go there regardless of what kind of influencers and projects are being promoted, it will take a very long time for the community to mature even the abundance of materials on how to educate one's self on how to protect the investment
I agree.The market is still too young to ignore those influencers that don't have anything to do with the market but just rides the hype and promote what they are supporting.
people loves to take a risk.
Not all. And that's why they think that these influencers are their savior.
July 11, 2021, 09:06:26 AM
Vitalik Bterin in a recent interview told CNN
Do you think or shared Buterin's views that the market will soon build an immune system and how it's going to happen, honestly we don't need people like Elon Musk who has an influence in the market.
Quote
that he believes that the crypto market will gradually build an "immune system" against such social media meddling. "Elon is not going to have this influence forever," he said. Frazzled cryptocurrency investors can only hope that Buterin is right.
Do you think or shared Buterin's views that the market will soon build an immune system and how it's going to happen, honestly we don't need people like Elon Musk who has an influence in the market.
First of all, Elon Musk is not an ordinary influencer, but one of the richest people in the world, so such people will always have an influence on all financial markets.
When it comes to the cryptocurrency market, its resistance to people like Elon Musk and their actions will build as the maket cap grows. The market cap is growing all the time, so I agree with Vitalik that it is only a matter of time before the market becomes resistant to such manipulations.
but when will it happen. when does the immune system exist? I don't think such a thing will ever exist in the crypto market. In the future there will always be another Elon Musk trying to manipulate the market. and his followers believed easily what he said. this will continue, and there is no immune system in the crypto market. because some people also expect this to pump up the market.
I don't think so, the fact that Elon comes from a personal outburst, it has a degree of harm to the community. But to be fair, it's still more noticeable than the conspiracies from federal banking associations... Somehow, they're not listed by any but that should lead to symptoms. much worse. I guess, but I wouldn't go with Idiot. I have my dyor. New people will really hurt.
They have enough freedom to do what they want, not just Elon. Immunity is just a form of criticism of what could not be better. Lol
July 11, 2021, 07:14:24 AM
In a highly volatile market, it's very unlikely, people are swayed by profit, where the money is, investors will go there regardless of what kind of influencers and projects are being promoted, it will take a very long time for the community to mature even the abundance of materials on how to educate one's self on how to protect the investment, people loves to take a risk.
July 11, 2021, 06:34:29 AM
Vitalik Bterin in a recent interview told CNN
Do you think or shared Buterin's views that the market will soon build an immune system and how it's going to happen, honestly we don't need people like Elon Musk who has an influence in the market.
Quote
that he believes that the crypto market will gradually build an "immune system" against such social media meddling. "Elon is not going to have this influence forever," he said. Frazzled cryptocurrency investors can only hope that Buterin is right.
Do you think or shared Buterin's views that the market will soon build an immune system and how it's going to happen, honestly we don't need people like Elon Musk who has an influence in the market.
It will take a long time before that happens many new people coming in, and these people are looking for guidance and influence that can lead them on how to invest and earn, they will go to the point that they are going to follow them blindly for the sake of profit, even if these influencers are promoting pump and dump coin, like what the late McAfee did.
but how they do end up?
Now they've been mostly hated by the community or simply saying that they are now being ignored once it had been prove out that one of their motives was been busted or mostly involved with manipulative
kind of act or behavior.
Its true that this would be a continuous problem because of new people who do come in into the market where most of the time they do get easily believe on whats the news or events that do happen.
They do easily freak out or believe but sooner or later they would really be realizing their mistakes and would learn from it.
July 10, 2021, 05:06:58 PM
It is only like people are already exhausted with such influencer and won't be paying attention anymore to what they say. The market is maturing and so the investors does too.
I think that's the system that he's talking about and there's no actual system but just the common understanding of most of the investors when the time matures more.
I think that's the system that he's talking about and there's no actual system but just the common understanding of most of the investors when the time matures more.
Yea i see many people feels like that, but still theres some bunch of people who believe on Elon influencing power and reannounce his tweet to be followed by the entire community.
We cant stop Elon tweeting many shit, but we can try to make our community mature enough for not being influenced by many shit fud.
But it all changed when he drops the bomb to bitcoin and becomes a clown of twitter.
July 10, 2021, 01:37:26 AM
Vitalik Bterin in a recent interview told CNN
Do you think or shared Buterin's views that the market will soon build an immune system and how it's going to happen, honestly we don't need people like Elon Musk who has an influence in the market.
Quote
that he believes that the crypto market will gradually build an "immune system" against such social media meddling. "Elon is not going to have this influence forever," he said. Frazzled cryptocurrency investors can only hope that Buterin is right.
Do you think or shared Buterin's views that the market will soon build an immune system and how it's going to happen, honestly we don't need people like Elon Musk who has an influence in the market.
First of all, Elon Musk is not an ordinary influencer, but one of the richest people in the world, so such people will always have an influence on all financial markets.
When it comes to the cryptocurrency market, its resistance to people like Elon Musk and their actions will build as the maket cap grows. The market cap is growing all the time, so I agree with Vitalik that it is only a matter of time before the market becomes resistant to such manipulations.
but when will it happen. when does the immune system exist? I don't think such a thing will ever exist in the crypto market. In the future there will always be another Elon Musk trying to manipulate the market. and his followers believed easily what he said. this will continue, and there is no immune system in the crypto market. because some people also expect this to pump up the market.
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