🛑 Do you feel like Elon Musk has inflated the crypto Poll With Results 🛑

Ultegra134

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Quote from: totaleclipseofthebank on April 21, 2021, 09:56:03 AM

Elon Mush does not inflate the crypto, he only supports it by the falcuty of his speech. He is one of the most famous person in the world now with his disruptive technologies (space craft and electronic vehicles) and thanks to his support both bitcoin and the cryptocurrency have gained a lot of attention, chiefly dogecoin. This coin have flied more than 7,200% this year and I cant deny the footmark of Elon on this coin

Elon Musk is a strong influencer due to his status, he is a renowned businessman. He created the hype on both Bitcoin and Altcoins (Especially Doge) and people listened to him, just because he said it. Dogecoin is susceptible to a crash, its price is way too inflated, I don't think that's the same case with Bitcoin though.

Moreover, I believe that Musk could have bought BTC way before that huge pump had occurred (1.5 Billion of BTC bought by Elon Musk incident), and managed to manipulate the market into his advantage.

isaac_clarke22

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Hell no, even without Elon Musk we already got our bullish price before he even hyped Doge as well as Bitcoin.
It is just the media making it look like that he really hyped it up just because he claims something that x coin would go to the moon.
How do you expect news articles to take celebrities' words anyway?
"Doge to the moon". Next day in the news headlines, "Elon Musk believes that x coin will go to the moon, 9999k soon?".

teosanru

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I Think yes, I would have never said this if he would be showing certain advantages of every currency that he advertises or shoutouts and then tells people to buy it. But making random tweets and creating FOMO for Doge and other small caps also using techniques like HODLing for my son etc. this thing really has brought in a lot of investors for quick money. These people are just there to get some quick money and magically they even got a lot of it during the Doge Run and now when Elon Musk and other people who have held DOGE and other cryptos to that extent will dump their holdings the whole market would take a dip. Elon Musk has lost a lot of respect from entrepreneurs in the crypto community. He is not really benefitting the community in a very decent way by advertising it as a get rich quick scheme.

bayudndy

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Quote from: fauzan123 on April 21, 2021, 10:06:21 AM

Quote from: bayudndy on April 21, 2021, 03:45:53 AM

Quote from: Swag242 on April 20, 2021, 06:17:28 PM

Feel free to add your thoughts and comments.

Personally, I think Elon Musk is a key factor in this growth, the current market has been and is bringing great confidence to everyone. And when there is a character influencing it, the waves and movements will always incubate at any time.

Crypto believers are dueling with skeptics for the dominant narrative around the climb: the former see an asset being embraced for its ability to hedge risks such as inflation, while the latter sense a precarious mania riding atop waves of monetary and fiscal stimulus.

Musk gave impetus to Bitcoin joining the mainstream when Tesla Inc. said it invested $1.5 billion and was prepared to begin accepting the cryptocurrency as a form of payment for its cars. According to Dan Ives at Wedbush Securities, Tesla has made a profit of about $1 billion over the past month from that bet.

and now when we have someone who leads them and looks forward to a future, an era of the conquest of technology and science. Elon Musk is sure to be successful and rich a lot when he buys a lot of bitcoins.

jerrison

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I think the bull market was already activated before elon musk came into the picture, he only made things a little bit interestting by shilling a coin that had no use case and the idea is that the bullish market will favor those who just come to the industry.

Quote from: Swag242 on April 20, 2021, 06:17:28 PM

Feel free to add your thoughts and comments.

Rengga Jati

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The market will be crashed if the bullish time has ended. Not really sure about it, but probably can do it since he is a very popular influencer that can really make the crypto world-changing in a very short time.
I am not fan of him and we may know how Elon Musk make the world of crypto little bit changing moreover about some certain coins that he is announcing and supporting. Moreover, Doge, this coin really pumps so high. But I also cannot imagine how this coin will be down after the bullish market ends. Will Elon Musk keep this coin not to be down too signifincant. But I am pretty sure that everyone will take profits and then may not be really hard think about it

Ryker1

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Quote from: Swag242 on April 20, 2021, 06:17:28 PM

Feel free to add your thoughts and comments.

Well for me, it is actually not in the choices, we were already on the bull run and luckily, Elon Musk also helped. It was not just Elon who cause the increase, but it really helps to build more trust since he is there. Like seriously? The richest man in the world trusts Cryptocurrency? That is a big deal right dear. The crash is not inevitable, especially when people start to get nervous and scared, but the real question is when? When do the whales keep it?
What I would suggest to people is to accept that there will always be a fall in cryptocurrency, which has been an open book since before so be it.

mezzaluna

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Elon is a possible influence with the values of our current Cryptocurrencies but its a good thing that someone of that caliber is interested in something that is still progressing. Bitcoin along with other Cryptocurrencies were already under radar for Elon but all he did was boost some meme coin because he was having fun and I do not believe that the markets gonna crash this year, its possible to crash but this year wont be that time and all we will encounter is a bunch of correction.

Nhazwrath

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Prior to Musk tweeting. Big Institutional investors were starting to buy in. This was my personal signal that BTC had gone mainstream and also when it started to bull.

ololajulo

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Quote from: 20kevin20 on April 21, 2021, 03:15:36 AM

He pumped DOGE clearly to his own advantage. Having the opportunity to quadruple your investment in a matter of hours just due to your influence and not profiting off it is quite silly unless you really care about the market's health. Let's be honest, DOGE wasn't/isn't going to be able to keep that price up. His influence will end up the same way McAfee's did.

Bitcoin wasn't really affected by his tweets. Although he did say "everything to the moon", pumping BTC is much more harder nowadays than pumping DOGE is. Besides this.. DOGE remains a meme, while Bitcoin continues to do wonders. That's the difference. Influence will continue to be used tho whenever someone feels like they have it.

How is the doge pump Elon musk advantage? Nothing proofs he owns doge. At a point he claimed, doge was used in the home as fun.

ninkdwi

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Quote from: virtualdn on April 20, 2021, 06:26:11 PM

Not too many options... Yes, especially the Doge market which will be dumped at some point but we are not going to crash in general.

perhaps more precisely we see Doge as a coin that can be easily controlled and also easy to drop. So does this seem funny, where would the crypto industry be if this kind of phenomenon happened or applies to all other altcoin?

I can't see a definition of decentralization these days.

fauzan123

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Activity: 1260

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Quote from: bayudndy on April 21, 2021, 03:45:53 AM

Quote from: Swag242 on April 20, 2021, 06:17:28 PM

Feel free to add your thoughts and comments.

Personally, I think Elon Musk is a key factor in this growth, the current market has been and is bringing great confidence to everyone. And when there is a character influencing it, the waves and movements will always incubate at any time.

Crypto believers are dueling with skeptics for the dominant narrative around the climb: the former see an asset being embraced for its ability to hedge risks such as inflation, while the latter sense a precarious mania riding atop waves of monetary and fiscal stimulus.

Musk gave impetus to Bitcoin joining the mainstream when Tesla Inc. said it invested $1.5 billion and was prepared to begin accepting the cryptocurrency as a form of payment for its cars. According to Dan Ives at Wedbush Securities, Tesla has made a profit of about $1 billion over the past month from that bet.

lifeforcepools

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I don't think Elon is actually to blame for this. This was influenced by many factors.

totaleclipseofthebank

sr. member

Activity: 451

Merit: 250

Elon Mush does not inflate the crypto, he only supports it by the falcuty of his speech. He is one of the most famous person in the world now with his disruptive technologies (space craft and electronic vehicles) and thanks to his support both bitcoin and the cryptocurrency have gained a lot of attention, chiefly dogecoin. This coin have flied more than 7,200% this year and I cant deny the footmark of Elon on this coin

kryptqnick

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I think that the poll options are simplifying the situation and the fact that one has to choose one option isn't helpful. For instance, there's an option that the prices were already up before Musk and an option that he inflated the market. I had to choose between these two, but I think that both are true. The price started rising before Musk, and then he caught up and made some big announcements that inflated the price even further.
Also, while I agree that the price is going to crash, some might believe that Elon Musk inflated the price but that it won't crash, and there's no such option in the poll.

Yaunfitda

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Elon played his cards very well, specially in BTC, we really don't know if he is toying with the market or if he invested on BTC already. But when the news comes out that his company has already invested billions of dollars, so he literally "walk the talk". For DOGE, it's simply his influence that really put the price to all time high. So as much as we hate him, he really bring something to the market.

Swag242

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Activity: 72

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Quote from: cryptomaniac_xxx on April 21, 2021, 06:00:16 AM

Quote from: Swag242 on April 20, 2021, 06:17:28 PM

Feel free to add your thoughts and comments.

I think Elon just bring the next chapter of FOMO in bitcoin and other altcoins like Doge. 2017 it was John McAfee who inflated crypto, with all his tweet and the whole "I'm going to eat my manhood" in public and then his ICO pumping. Elon just took it to the next level of shilling. It's just the question on what is the effect on the price short or long term.

Did you happen to see the documentry on him, it portrays a very disturbing individual. Its titled gringo the rise and fall of John mcafee.

cryptomaniac_xxx

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Activity: 1344

Merit: 540

Quote from: Swag242 on April 20, 2021, 06:17:28 PM

Feel free to add your thoughts and comments.

I think Elon just bring the next chapter of FOMO in bitcoin and other altcoins like Doge. 2017 it was John McAfee who inflated crypto, with all his tweet and the whole "I'm going to eat my manhood" in public and then his ICO pumping. Elon just took it to the next level of shilling. It's just the question on what is the effect on the price short or long term.

Kittygalore

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Activity: 882

Merit: 63

Quote from: Desmong on April 21, 2021, 04:17:29 AM

Elon musk had been doing wonders recently in the market but I don't he's has anything again to do with bitcoin bull market. Although he invested much in the market thinking he's tweet is gonna have effect on the market fluctuation.

His tweet is going to have an effect on the prices because he has a following and I don't think that we have to worry about that because if we look at it in a different perspective, we can use that as a means to make more profit, just buy the coins that he mentions in good light and you are good to go.

Wexnident

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I don't take loans, ask for sig if I ever do.

I'd reckon that Elon did indeed have some influence on the crypto market but only a small one, specifically for the BTC market. Even before his tweets started trending, Bitcoin was already on a bullish run. It's like Elon basically ran along with BTC towards the top, and not Elon pushing it to the top. The same couldn't be said with Doge though, the market there could show you that other than Elons influence, there was close to no reason as to why it suddenly ended up bullish. The next few movements could be attributed to trusting it would go up again, but the start? I'd say it's mostly his influence.

Topic: 🛑 Do you feel like Elon Musk has inflated the crypto Poll With Results 🛑 (Read 224 times)