Topic: Elon and and how this "dude" could effect bitcoin in the future? (Read 765 times)
Being popular and being a billionaire into cryptocurrency most people started to follow his activities. This is how he became an influencer. With the dogecoin hype he helped good number of long term dogecoin holders turn into millionaires. Same time he made big fortune. People expect similar thing everytime, but that won't happen anymore. Because, people are well aware of his activities of multiplying his investment with ease and never think of the common small investors.
He is considered as an influencer because he is famous and have lots of followers but it's not bitcoin, it was doge or shib are the ones that he will promote. Elon already ended its connection with btc because btc is not friendly to the environment therefore there is nothing to worry about.
Whatever happens to those meme coins won't have any effect to bitcoins but manipulations is not all about dumping the price or making it more volatile but pumping can happen as well. Those meme coin hodlers are going to be happy if that happens because finally they can now recover what they lose or possibly earn more but we btc users shouldn't be jealous with that as that is only temporary.
Whatever happens to those meme coins won't have any effect to bitcoins but manipulations is not all about dumping the price or making it more volatile but pumping can happen as well. Those meme coin hodlers are going to be happy if that happens because finally they can now recover what they lose or possibly earn more but we btc users shouldn't be jealous with that as that is only temporary.
The only reason why people follow Elon Musk is because he is a wealthy person. Anything he says or does with crypto can either positively or negatively affect market prices. Remember when he criticized Bitcoin's high energy consumption? The moment he did, prices went downhill for a short period of time. Right now, he's focused on meme coins like SHIBA and DOGE simply because they're the "new kid on the block" (especially Shiba Inu). Investors pump money into these coins believing they'll get rich quick. But that's not the way it works.
Elon Musk knows the tactic of persuasion, so he uses that to his advantage in order to get what he wants. I wouldn't care about Elon Musk since Bitcoin is all about decentralization. As long as there's a strong community backing it every step of the way, nothing else matters. Just my opinion
If he keeps this "rich and famous guy leading crypto" act for a long time, I am guessing that there will be many people who will invest based on whatever he says. Is this good or bad? I fear it's bad but many disagree with me, many say that it is a good thing and I feel like maybe they are right and I am wrong, I wouldn't really know if I was wrong, this is just my belief.
But, if you ask me depending on one rich person to help us get rich as well shouldn't be the reason why people are investing into bitcoin and in crypto. You should be realizing that the reality is that we are fighting against these rich people who are abusing the law to get rich this much.
I think that there is nothing good in the fact that one person, be it Musk or RandomName, it is not so important, has an influence on the entire crypto industry. This is not normal when viewed from the perspective of decentralization, which should be the crypto currencies.But, if you ask me depending on one rich person to help us get rich as well shouldn't be the reason why people are investing into bitcoin and in crypto. You should be realizing that the reality is that we are fighting against these rich people who are abusing the law to get rich this much.
Also, I think we will soon find out whether it is good or bad when people run in droves to buy crypto that Musk says at the snap of his fingers. In principle, we have seen something similar before and the result was unique. Those who are lucky get rich, while the rest are left with losses. I don't think that Musk is worried about other people's wallets. Here he is guided either by his personal selfish interests, or by the desire to have fun by manipulating the crypto market.
You will agree Elon has really inspired many people to bitcoin his pro or against bitcoin tweet directly reflect the red and green candles on bitcoin charts.
With owning this huge platform of Twitter he can either break it or make it. I think.
Let if adopts "doge" as some kind of default crypto currency for Twitter it will be huge move and might effect bitcoin bigtime.
Or let say if come to sense and realizes the truth and embrace bitcoin I can't imagine how huge the green candle will be.
Its really a very good advice to adopt doge coin because it might really surprise people when crypto market bounce back fully, Elon influence will give doge coin a great support and it will be an advantage to doge holders when it really go up, but I don't think it will affect bitcoin price that much and Doge can never ne like Bitcoin. With owning this huge platform of Twitter he can either break it or make it. I think.
Let if adopts "doge" as some kind of default crypto currency for Twitter it will be huge move and might effect bitcoin bigtime.
Or let say if come to sense and realizes the truth and embrace bitcoin I can't imagine how huge the green candle will be.
You will agree Elon has really inspired many people to bitcoin his pro or against bitcoin tweet directly reflect the red and green candles on bitcoin charts.
With owning this huge platform of Twitter he can either break it or make it. I think.
Let if adopts "doge" as some kind of default crypto currency for Twitter it will be huge move and might effect bitcoin bigtime.
Or let say if come to sense and realizes the truth and embrace bitcoin I can't imagine how huge the green candle will be.
With owning this huge platform of Twitter he can either break it or make it. I think.
Let if adopts "doge" as some kind of default crypto currency for Twitter it will be huge move and might effect bitcoin bigtime.
Or let say if come to sense and realizes the truth and embrace bitcoin I can't imagine how huge the green candle will be.
Elon indeed can manipulate the market with his tactics. He has wide influence given his following. Perhaps this is the reason why he wanted so bad to own twitter. Which is to influence many more so that the coin he will promote will boom once more. However, I doubt if people would easily trust him to think what happened on his previous crypto coin.
Although we know for a fact that twitter isn't really all about crypto. Not every users of it is really interested or actually participating in establishing their investment portfolios, so it would still be challenging for him to make his agenda happen. Hopefully, he won't restrict the users from what they are used to in twitter.
If he keeps this "rich and famous guy leading crypto" act for a long time, I am guessing that there will be many people who will invest based on whatever he says. Is this good or bad? I fear it's bad but many disagree with me, many say that it is a good thing and I feel like maybe they are right and I am wrong, I wouldn't really know if I was wrong, this is just my belief.
But, if you ask me depending on one rich person to help us get rich as well shouldn't be the reason why people are investing into bitcoin and in crypto. You should be realizing that the reality is that we are fighting against these rich people who are abusing the law to get rich this much.
But, if you ask me depending on one rich person to help us get rich as well shouldn't be the reason why people are investing into bitcoin and in crypto. You should be realizing that the reality is that we are fighting against these rich people who are abusing the law to get rich this much.
You will agree Elon has really inspired many people to bitcoin his pro or against bitcoin tweet directly reflect the red and green candles on bitcoin charts.
With owning this huge platform of Twitter he can either break it or make it. I think.
Let if adopts "doge" as some kind of default crypto currency for Twitter it will be huge move and might effect bitcoin bigtime.
Or let say if come to sense and realizes the truth and embrace bitcoin I can't imagine how huge the green candle will be.
With owning this huge platform of Twitter he can either break it or make it. I think.
Let if adopts "doge" as some kind of default crypto currency for Twitter it will be huge move and might effect bitcoin bigtime.
Or let say if come to sense and realizes the truth and embrace bitcoin I can't imagine how huge the green candle will be.
We all know about Elon must being very manipulative, Elon must is not really having any positive interest in Cryptocurrency, I believe Elon must will want to pump doge coin but am not really sure about bitcoin, Elon must is just in crypto space just to manipulate the market that's all what I think. And I think Elon musk is not really having much influence in Cryptocurrency space anymore but now that he is now the owner of Twitter things might change so let's just see what will happen.
I dare say that elon musk has an effect on bitcoin because elon musk has a lot of money if elon musk is a tramp then elon also has no effect on bitcoin, maybe in the future a facebook boss will come down to the crypto world he will also have an effect on bitcoin, just waiting for people to be affected and a lot of money will come to the crypto world.
Buying Twitter was a huge move for Elon Musk to boost his social media reach. Already before he had millions of followers who would blindly buy anything he recommends. Elon is a very gifted sales person that convinced the world to buy into electric cars and space rockets. Together with his background in online pay services he has with PayPal, it comes natural for him to be an advocate for crypto currencies. Step 1 will probably be to increase his followers on twitter, and step 2 will be to promote crypto coins he is invested in and he likes. Personally I am a bit uncomfortable that one individual has so much power over crypto coins. One good or bad tweet will send crypto prices flying.
His plan of buying Twitter was part of his business plan. He has got influence over every market. He realised the need of social media and what it can do to the people. Understanding it, he have bought Twitter. But, with cryptocurrency his influence have declined. He gave an entry took away the profit through dogecoin and shattered the market. Again people aren't ready to follow him. After getting into the deal on Twitter he have been getting more suggestions on investment. The latest being the suggestion by Adar Poonawala who is a CEO of pharmaceutical Company to invest on a large production plant for Tesla in India. You will agree Elon has really inspired many people to bitcoin his pro or against bitcoin tweet directly reflect the red and green candles on bitcoin charts.
With owning this huge platform of Twitter he can either break it or make it. I think.
Let if adopts "doge" as some kind of default crypto currency for Twitter it will be huge move and might effect bitcoin bigtime.
Or let say if come to sense and realizes the truth and embrace bitcoin I can't imagine how huge the green candle will be.
With owning this huge platform of Twitter he can either break it or make it. I think.
Let if adopts "doge" as some kind of default crypto currency for Twitter it will be huge move and might effect bitcoin bigtime.
Or let say if come to sense and realizes the truth and embrace bitcoin I can't imagine how huge the green candle will be.
Of course, Elon Musk has influence on the crypto market and he has already shown this more than once. As for future events, at the moment we can only assume what can happen at one time or another, however, for Elon Musk, with the purchase of Twitter, a window of opportunity opens up, including he can significantly affect the price of BTC at the expense of Twitter users. Now it looks like a super opportunity, but whether he wants to do it or not, we do not know. We can only observe the development of events and wait.
With owning this huge platform of Twitter he can either break it or make it. I think.
Sure! Elon likes to manipulate the market, and now he is more powerful than ever
Buying Twitter was a huge move for Elon Musk to boost his social media reach. Already before he had millions of followers who would blindly buy anything he recommends. Elon is a very gifted sales person that convinced the world to buy into electric cars and space rockets. Together with his background in online pay services he has with PayPal, it comes natural for him to be an advocate for crypto currencies. Step 1 will probably be to increase his followers on twitter, and step 2 will be to promote crypto coins he is invested in and he likes. Personally I am a bit uncomfortable that one individual has so much power over crypto coins. One good or bad tweet will send crypto prices flying.
You will agree Elon has really inspired many people to bitcoin his pro or against bitcoin tweet directly reflect the red and green candles on bitcoin charts.
With owning this huge platform of Twitter he can either break it or make it. I think.
Let if adopts "doge" as some kind of default crypto currency for Twitter it will be huge move and might effect bitcoin bigtime.
Or let say if come to sense and realizes the truth and embrace bitcoin I can't imagine how huge the green candle will be.
With owning this huge platform of Twitter he can either break it or make it. I think.
Let if adopts "doge" as some kind of default crypto currency for Twitter it will be huge move and might effect bitcoin bigtime.
Or let say if come to sense and realizes the truth and embrace bitcoin I can't imagine how huge the green candle will be.
It might have directly affected the movement of crypto (anything outside of Doge that is), but what's not discussed is how much will it affect. And I think it really doesn't affect t it that much in the long run. It's just one part of numerous things that affect the overall picture of crypto, and while it might nudge it slightly up or down for a real short time, what really moves the needle are economic situations in the world, wars, BTC adoption, socio movements so on and so forth.
No one can tell on what would happen next but generally this market cant really be that too reacting when it comes to sentiments like this.Also, we do have experience on how Elon does have that
kind of manipulative kind of behavior which means that this market is fully aware with these kind of behaviors.Whether he would make out some shill and other things connected to it
but it wont really be that enough or assurance that we would really be seeing things according on what had been hyped or fud out.As a trader or investor then you should
be aware on when to act or wont act.
kind of manipulative kind of behavior which means that this market is fully aware with these kind of behaviors.Whether he would make out some shill and other things connected to it
but it wont really be that enough or assurance that we would really be seeing things according on what had been hyped or fud out.As a trader or investor then you should
be aware on when to act or wont act.
Elon "did" managed to influence bitcoin, mainly doge but I am sure some of that helped bitcoin price to go up as well, specially that 1.5 billion dollars purchase news. Twitter purchase could impact it as well if he somehow integrates it into twitter as well but aside from that I do not see any connection. Twitter is already filled with crypto influencers, unless something changes about that subject, leaving it as it is shouldn't really be a big problem. Even the news of him trying to buy it increased doge which makes no sense, there will no sustainable increase but hypes like these, but it will always be temporary if he doesn't connect the two together.
Elon musk is a very influential person and wealth can affect anything, of course whatever he posts will have a huge impact, just like last year he posted about bitcoin, the price of bitcoin is slowly dropping by itself, he has also amassed a very large fan base In the crypto market using Twitter, it is also reported that Elon Musk has bought Twitter at a very fantastic price. 
You will agree Elon has really inspired many people to bitcoin his pro or against bitcoin tweet directly reflect the red and green candles on bitcoin charts.
With owning this huge platform of Twitter he can either break it or make it. I think.
Let if adopts "doge" as some kind of default crypto currency for Twitter it will be huge move and might effect bitcoin bigtime.
Or let say if come to sense and realizes the truth and embrace bitcoin I can't imagine how huge the green candle will be.
There's no one else here really knows the future plans of Elon, so we should bear on it. But IMHO, bitcoin will always be firm and strong not to be affected with it, but somehow bitcoin will always be triggered by Elon. Because we already know the personality of Elon, and he will always pursue whatever his plans. But one thing is certain, we have learned our lesson before, so we should be wiser now not to be deceived by him.With owning this huge platform of Twitter he can either break it or make it. I think.
Let if adopts "doge" as some kind of default crypto currency for Twitter it will be huge move and might effect bitcoin bigtime.
Or let say if come to sense and realizes the truth and embrace bitcoin I can't imagine how huge the green candle will be.
Taking into account what you can do with all your money, you can at one moment speak well of BTC as you have already done and another time speak badly and everything is fine, I think the BTC community will not take your thoughts very seriously, so what you have done before.
We all know that elon musk is not just a billionaire but is also the biggest influencer in social media especially in twitter. His words are being followed by millions of people so I'm sure every tweets he makes will surely have an impact especially now that he already bought twitter. And we all know that he is putting a hype in dogecoin so therefore he will make a move to hype doge more. And it will surely have an effect in bitcoin as well. The problem is that we don't know whether the effect most of the time will be positive or negative. It will depend on how elon musk plays around in the market. But one thing is for sure, bitcoin will still continue being adopted with or without elon musk. It cannot be stopped!
He's a big influencer, same time he's a businessman. In each and everything he'll look for money making. This is experienced during the previous price pumping of dogecoin. After that there is no big impact felt upon the market whenever there is some tweet from Elon Musk. This is all because of people's better understanding about the market. Dogecoin will have more real-time usage with the buying of Twitter, and the same will make the dogecoin progress without any form of manipulation and hype. You will agree Elon has really inspired many people to bitcoin his pro or against bitcoin tweet directly reflect the red and green candles on bitcoin charts.
With owning this huge platform of Twitter he can either break it or make it. I think.
Let if adopts "doge" as some kind of default crypto currency for Twitter it will be huge move and might effect bitcoin bigtime.
Or let say if come to sense and realizes the truth and embrace bitcoin I can't imagine how huge the green candle will be.
With owning this huge platform of Twitter he can either break it or make it. I think.
Let if adopts "doge" as some kind of default crypto currency for Twitter it will be huge move and might effect bitcoin bigtime.
Or let say if come to sense and realizes the truth and embrace bitcoin I can't imagine how huge the green candle will be.
I think the impact Elon had on the overall situation of crypto was a bit overblown, a were all other factors downplayed. In the end, it will only be a mix of factors as it always was, Elon is just one of the factors that contribute to the overal crypto fluctuation.
We all know that elon musk is not just a billionaire but is also the biggest influencer in social media especially in twitter. His words are being followed by millions of people so I'm sure every tweets he makes will surely have an impact especially now that he already bought twitter. And we all know that he is putting a hype in dogecoin so therefore he will make a move to hype doge more. And it will surely have an effect in bitcoin as well. The problem is that we don't know whether the effect most of the time will be positive or negative. It will depend on how elon musk plays around in the market. But one thing is for sure, bitcoin will still continue being adopted with or without elon musk. It cannot be stopped!
As what I can see, Elon's influence over the market is getting smaller and smaller as time goes by. Maybe because people are starting to wake up and don't want to be a a part of the common sheeple that follows any trend that this guy's every tweet starts. Right now, I think that some just follow the hype caused by Elon to take advantage of the sheeple.
And about doge, I really never heard nor see anything about Elon wanting to use it as aul utility token for Twitter as of the moment. It is the hopium of the sheeple that has created this rumor and made it spread like wild fire making more unsuspecting newbies to buy and again suffer losses as butcoin drags most of the altcoins down as well at the moment. i just wish more people would try to be smarter with their decisions.
And about doge, I really never heard nor see anything about Elon wanting to use it as aul utility token for Twitter as of the moment. It is the hopium of the sheeple that has created this rumor and made it spread like wild fire making more unsuspecting newbies to buy and again suffer losses as butcoin drags most of the altcoins down as well at the moment. i just wish more people would try to be smarter with their decisions.
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