Elon Musk I think is already out of the way regarding his impact in crypto.No one takes him seriously enough anymore and the markets do not react at all to his latest tweets.He lost credibility when at first accepted payments in Bitcoin for his Tesla cars and then came out that won't accept them anymore because Bitcoin mining consumes a lot of energy resources.
I don't think he will be banned as this would not solve any problem at all because there is no real problem from this person,no one believes him anymore,no one that has been in the crypto world for long enough.
Topic: CEO of Twitter has full control of the Bitcoin market by banning Elon Musk - page 2. (Read 294 times)
July 24, 2021, 01:31:09 AM
July 24, 2021, 01:21:37 AM
Ironically Elon's bringing business to Twitter with those manipulations so banning him is like killing the golden goose.
And it's not just Elon that's manipulating the market. You can't stop sheeps from following some controversial/ influential figure.
And it's not just Elon that's manipulating the market. You can't stop sheeps from following some controversial/ influential figure.
July 24, 2021, 01:11:07 AM
While Elon has a lot of influence on markets in general, banning him on Twitter is definitely not the way to go. Not to mention that it's a really really bad decision for Twitter if they'd do something like this. I mean, Elon has A LOT of followers. Twitter banning Elon just to prevent price manipulation is just like stabbing themselves in the back.
I agree with you on that. Even though I don't like Elon much, I however don't believe that whatever he has tweeted out in the past has enough reason for a ban on tweeter. I think a ban should stem from serious than what Elon tweeted and don't forget that the crypto market is of two directions, while some investors were screening of losing funds from Elon tweets, others were making profits from it at thesame time. 
July 23, 2021, 11:52:52 PM
Well, they would if it gets too toxic and the toxicity gets tolerated by Elon himself, I mean that's what happened to Trump right, he intentionally riles up the people so Twitter did what it has to do, make a decision to ban him and it won't be the last that it can happen.
If I remember correctly the article I've read in the past says something like Trump getting banned because of "promoting violence" or something like that. I really wouldn't put that and shitposting in the same category.
July 23, 2021, 11:14:12 PM
First of all Elon Musk never had as much influence on the bitcoin price as people think he has or had. If you look at the bitcoin price and compare it against his FUD, his influence was very little and cause something about 10 to 15% drop. The rest of the drop up to 50% had nothing to do with him but was all about the FUD regarding yet another "China banning bitcoin" nonsense.
That little influence he had is also over ever since his intentions became clear. Nowadays whenever he spreads some FUD or even says something positive the market barely shows any reactions. This is not limited to bitcoin, the shitcoin he advertises also stopped reacting to his hype.
That little influence he had is also over ever since his intentions became clear. Nowadays whenever he spreads some FUD or even says something positive the market barely shows any reactions. This is not limited to bitcoin, the shitcoin he advertises also stopped reacting to his hype.
July 23, 2021, 10:58:18 PM
It isn't because Bitcoin has a small market cap, that Elon Musk can move the prices with his tweets. It's that the investors are so vested in banging on larger corporations to get into Bitcoin or for people to be positive about it. When majority of the investors treats Bitcoin as a speculative asset, they are bound to buy or sell their Bitcoins based on opinions by various stakeholders, Elon Musk for example. They are more than likely to sell in fear if the reason why Bitcoin has gotten to 50K suddenly stops endorsing it, or vice versa.
July 23, 2021, 10:39:04 PM
Elon can move to other platforms though plus it's not like Twitter is going to lose a lot of their users just because they banned their God, looked at what happened at Trump, he has a lot of followers and it seems that Twitter is doing just fine.
Not because they wouldn't lose a notable number of users it doesn't automatically mean it's not a bad idea. Do you really think Twitter would ban Elon just because he's sort of "harming" bitcoin and Jack is a bitcoiner?
July 23, 2021, 10:30:48 PM
Banning him would probably make Musk create his own platform similar to Twitter, to which then millions would move. I personally know a few people who are on Twitter just for Musk. He's got a tremendous number of followers, it doesn't seem like the best thing to do especially from a business POV. As far as I've noticed, bans usually create and place a huge amount of power in the affected personality's hands so the results may actually be quite the opposite of what you expect.
July 23, 2021, 09:55:12 PM
I didn't understand what you meant, it felt like a master of conspiracy killed another master of conspiracy.
But if it can be realized, I support twitter. There is no doubt that Twitter gives me a sense of trust and credibility.
On June 7, according to foreign media reports, the day before yesterday, at the 2021 Bitcoin Conference in Miami, Twitter CEO Dorsey stated that if he does not work on Square and Twitter, he will engage in Bitcoin-related things. He called Bitcoin The currency "changed everything" is what attracts him the most.
He said at the conference: "Bitcoin will definitely change everything. I think in my lifetime, nothing is more important than this. In fact, if I'm not in Square and Twitter, I will study Bitcoin. If Bitcoin I need me more than Square or Twitter, and I will dedicate myself to Bitcoin. But I believe that both companies have their own roles."
I also don’t agree that Twitter can control the price of Bitcoin. In addition to our own rational judgment, there is also a possibility that through the speed of Twitter’s publicity, we can quickly gather the power of our retail investors to fight against the evil of giant whales or institutions.
GAME STOP has given us a living example.
But if it can be realized, I support twitter. There is no doubt that Twitter gives me a sense of trust and credibility.
Quote
On June 7, according to foreign media reports, the day before yesterday, at the 2021 Bitcoin Conference in Miami, Twitter CEO Dorsey stated that if he does not work on Square and Twitter, he will engage in Bitcoin-related things. He called Bitcoin The currency "changed everything" is what attracts him the most.
He said at the conference: "Bitcoin will definitely change everything. I think in my lifetime, nothing is more important than this. In fact, if I'm not in Square and Twitter, I will study Bitcoin. If Bitcoin I need me more than Square or Twitter, and I will dedicate myself to Bitcoin. But I believe that both companies have their own roles."
I also don’t agree that Twitter can control the price of Bitcoin. In addition to our own rational judgment, there is also a possibility that through the speed of Twitter’s publicity, we can quickly gather the power of our retail investors to fight against the evil of giant whales or institutions.
GAME STOP has given us a living example.
July 23, 2021, 09:41:21 PM
Such scenario won't happen at least in the near future.
- Elon & Jack have good relationship, at least as far as I know.
- They just participated in The ₿ Word | Live with Cathie Wood, Jack Dorsey, & Elon Musk
- Reasons mentioned by @mk4 above as well
July 23, 2021, 09:26:51 PM
While Elon has a lot of influence on markets in general, banning him on Twitter is definitely not the way to go. Not to mention that it's a really really bad decision for Twitter if they'd do something like this. I mean, Elon has A LOT of followers. Twitter banning Elon just to prevent price manipulation is just like stabbing themselves in the back.
July 23, 2021, 09:21:40 PM
Bitcoin is still new and has a smaller market cap than other investments that one famous person on Twitter can influence the prices of Bitcoin and other cryptocurrencies.
Jump to: