we should be glad that we have the richest man in the world in our industry
It's an illusion to think your interests align with his interests. A 3-day pump&dump doesn't do crypto any good. 
Topic: Elon fuels BTC rise 17% DOGE gose 8× - page 4. (Read 867 times)
I disagree. What happened to bitcoin was a short squeeze that is very similar to what happened to GME stock where people crushed the shorters who have been betting against the market and were crashing the price of that stock. The same thing on a small scale happened in bitcoin to bankrupt the shorters.
What happened to Doge was a simple pump and dump that happens regularly and is not just limited to Doge. In fact Doge pump was a very small one compared to most of these pumps we see in altcoin market. This is also not the first time Elon is hyping the Doge pump either.
What happened to Doge was a simple pump and dump that happens regularly and is not just limited to Doge. In fact Doge pump was a very small one compared to most of these pumps we see in altcoin market. This is also not the first time Elon is hyping the Doge pump either.
It goes with the name and everything attach to him, Elon Musk is a man with a Midas Touch, just see what his tweet can do to the market, I just hope he will not do what McAfee promoting shitcoin to the community, Elon Musk should just concentrate on the top and proven coins in the market, there will be developers that will come to him to promote their project, he should reject these people and don't let them tarnish his reputation.
This is what returned me here = WSB & Elon's tweets 
After the DOGE pump I urged myself to check what forgotten wallet I have. Unfortunately didn't find any significant amounts, but it is fun to watch the whole soap opera.
After the DOGE pump I urged myself to check what forgotten wallet I have. Unfortunately didn't find any significant amounts, but it is fun to watch the whole soap opera.
What he says and posts will have an impact on the market because he has the influence and the money to back it of, we should be glad that we have the richest man in the world in our industry, it can influence like-minded people like him to take a dip in the Cryptocurrency, this is what the pioneers dreamed about to happen and it's happening right now, soon we will have many more Elon Musk tweeting about Cryptocurrency.
On the one hand, it is very funny and interesting to watch such events (and some were able to make good money on this), but on the other hand, it creates an image of some kind of frivolity. I don't think that the fact that one person can change the bitcoin rate by 15+ percent with one action on a social network is a good argument in favor of bitcoin, rather the opposite. Even if this man were the president of the United States.
Elon Musk looks really nervous to me lately. Almost like if he was feeling Wall Street was about to short Tesla to the ground and beyond
I heard that literally today or yesterday some kind of investigation was initiated against him. Quite funny, as soon as he somehow took the side of the people (I mean that Wall Street scandal), he immediately received a response from politicians in the form of another investigation.
The sold stock is borrowed from those who own it, thats fine and the rights of the legal holders of that stock. The problem many have is their brokers who are using the stock behind the backs of purchasers in online accounts, they are nominee owners and the broker is double dealing and selling what they are basically trustees for. Really they should be paying or giving an option to the account holder and purchaser of the stock. That is pretty murky business but we can go one step further and some short sold stock never existed, naked short selling of stock nobody owns hence how the company has more stock sold then was actually available and it gets ridiculous.
They cannot really ban straight short selling, it was considered in 2008 but actually discourages a market, reduces liquidity and restricts the freedom of holders but naked short selling is hard to justify as anything but corruption and deceptive practise.
https://www.investopedia.com/terms/n/nakedshorting.asp
BTC has an uptrend here on the lows despite the spike and sell. Elon did setup Paypal not BTC and did have the intention to create an online currency originally apparently, obviously its not that now despite now handling BTC kinda.
They cannot really ban straight short selling, it was considered in 2008 but actually discourages a market, reduces liquidity and restricts the freedom of holders but naked short selling is hard to justify as anything but corruption and deceptive practise.
https://www.investopedia.com/terms/n/nakedshorting.asp
BTC has an uptrend here on the lows despite the spike and sell. Elon did setup Paypal not BTC and did have the intention to create an online currency originally apparently, obviously its not that now despite now handling BTC kinda.
Quote
u can’t sell houses u don’t own
u can’t sell cars u don’t own
but
u *can* sell stock u don’t own!?
this is bs – shorting is a scam
legal only for vestigial reasons
https://twitter.com/elonmusk/status/1354890601649610753u can’t sell cars u don’t own
but
u *can* sell stock u don’t own!?
this is bs – shorting is a scam
legal only for vestigial reasons
I'm pretty sure most new car sellers don't even own the cars they're selling: they can only afford to pay the manufacturer after they've sold the car. The entire fiat economy runs on debt.
The problem with shorting is that it creates a positive feedback loop. If you buy something, you push the price up. But if you sell something, you push the price down, which is what you want because you want to buy it back cheaper.
Elon could only pump 17%. I expected way more tbh.
LOL. Elon was only good for a 3 hour short squeeze. How disappointing!
Actually, on second thought, that gives me some faith in Bitcoin markets.
Maybe a little short squeeze was all he was after. He does seem to really hate the idea of short selling. This is him 12 hours before he added BTC to his profile:
Quote
u can’t sell houses u don’t own
u can’t sell cars u don’t own
but
u *can* sell stock u don’t own!?
this is bs – shorting is a scam
legal only for vestigial reasons
u can’t sell cars u don’t own
but
u *can* sell stock u don’t own!?
this is bs – shorting is a scam
legal only for vestigial reasons
https://twitter.com/elonmusk/status/1354890601649610753
A single word Bitcoin getting added to the bio of Elon Musk has made such a big change in the market. This has getting changed to be the big boys game. Elon Musk always try to be the game changer, from program development to the present days technology he has been getting on the top. Maybe we can soon get to see his own cryptocurrency, which will be under big hype without reason.
I've heard that he said cryptocurrency might be the future of currency for space exploration but I don't know whether that's true or not. But, considering the technology we gonna have if we reach that far, cryptocurrency definitely suitable for so many purposes. I think that's what elon musk follower speculate as well when he put that bitcoin word in his bioRemember Elon is a businessman so anything statement might be released just for his own benefits, this is hyping works and his so successful for pumping those coins he want to hype. Just believe on things when there's a news on media coming up since by that we can determine on how the turn of events goes.
Crypto is Elon's new playground now?
Just a reminder: Elon Musk says $40m tweet was 'worth it' after being fined: he's rich enough to get away with market manipulation, and he seems to enjoy the power he has over the market. He's now extending his influence to other markets.I've never liked "influencers": people don't follow what they say because they believe it, they follow it because they expect other people to follow it too. And that makes anything he says a self-fulfilling prophecy.
Elon Musk is a billionaire troll
Well said! But trolls have power, and billionaire trolls have a lot of power.6 hours later, and most of the gains from Elon's pump are gone.
We've seen Bitcoin price swings from the words of bankers before, but in the end, they don't matter. Bitcoin works with or without the support of bankers and rich guys. Bitcoin doesn't care. On the one hand, it is very funny and interesting to watch such events (and some were able to make good money on this), but on the other hand, it creates an image of some kind of frivolity. I don't think that the fact that one person can change the bitcoin rate by 15+ percent with one action on a social network is a good argument in favor of bitcoin, rather the opposite. Even if this man were the president of the United States.
Elon Musk looks really nervous to me lately. Almost like if he was feeling Wall Street was about to short Tesla to the ground and beyond
because Elon is not just anyone, Elon Musk has 44 million followers of mate, it is only natural that many people follow what he thinks,
it looks funny, but that's a fact that's happening now, doesn't that also give us all free signals?
And of course it's a chance for us traders get a lot of profit from an influencer tweet, honestly I want to see her tweets again,
even if possible Jack Ma should also make tweets hehe
.For Elon, yes his simple tweet causes a mad rush to buy bitcoin and in minutes the price goes to more than 10%, amazing how this guy is the poster child for pumps and dumps. But Doge seems to be dumping right now though, 20% down in the last 24 hours. Sign that maybe WSB are looking for the next coin to be pump.
On the one hand, it is very funny and interesting to watch such events (and some were able to make good money on this), but on the other hand, it creates an image of some kind of frivolity. I don't think that the fact that one person can change the bitcoin rate by 15+ percent with one action on a social network is a good argument in favor of bitcoin, rather the opposite. Even if this man were the president of the United States.
Elon Musk looks really nervous to me lately. Almost like if he was feeling Wall Street was about to short Tesla to the ground and beyond
because Elon is not just anyone, Elon Musk has 44 million followers of mate, it is only natural that many people follow what he thinks,
it looks funny, but that's a fact that's happening now, doesn't that also give us all free signals?
And of course it's a chance for us traders get a lot of profit from an influencer tweet, honestly I want to see her tweets again,
even if possible Jack Ma should also make tweets hehe
. 
Many people were influenced by what Elon Musk did on twitter platforms, because coincidentally the prices of Bitcoin and Dogecoin went up
dramatically. I think this is a good thing for me, who really HODL the two coins, I can make a short-term profit. Especially the increase in Dogecoin
has been extraordinary, I, who have been collecting Dogecoin for two years, are lucky to get a large enough profit. Hopefully the same applies
to Bitcoin, so that Bitcoin can return to over $ 40k again.
dramatically. I think this is a good thing for me, who really HODL the two coins, I can make a short-term profit. Especially the increase in Dogecoin
has been extraordinary, I, who have been collecting Dogecoin for two years, are lucky to get a large enough profit. Hopefully the same applies
to Bitcoin, so that Bitcoin can return to over $ 40k again.
Wow! this guy must have hold a lot of BTC, the tweet was very simple yet people are riding with it.
This popular entrepreneur are really influencing the market, and I love the approach of Elon Musk because he is not so vocal, people love that.
Nice timing by the way, because bitcoin has been struggling before that tweet, and we saw what happened.
This popular entrepreneur are really influencing the market, and I love the approach of Elon Musk because he is not so vocal, people love that.
Nice timing by the way, because bitcoin has been struggling before that tweet, and we saw what happened.
It would be strange if he tweeted about it for a year and had nothing in his pocket when 1 bitcoin for him is like dust. He spends more on food than 1 bitcoin is worth.
It would also be pretty stupid if he changed his status before buying unless it was just a joke. People are hoping he will pump bitcoin but what if he's already in and taking profits from this pumps?
It would also be pretty stupid if he changed his status before buying unless it was just a joke. People are hoping he will pump bitcoin but what if he's already in and taking profits from this pumps?
I do not think that he does it for selfish motives (for his ambitions this market is small, it seems to me), he just likes to have fun. As far as I remember, there were already court hearings and he was somehow limited to topics for commenting on Twitter (if I remember correctly, this was when he was talking about what he wanted to make Tesla a private company and thus influenced the stock price).
Crypto is Elon's new playground now?
What will happen when the tweets "Bitcoin as shit as FIAT" like the last time he did?
Reminds me of McAffee too. Since he is in jail now, somebody had to fill his spot. If Elon keeps doing this, he might be cell mates with McAffee.
What will happen when the tweets "Bitcoin as shit as FIAT" like the last time he did?
Reminds me of McAffee too. Since he is in jail now, somebody had to fill his spot. If Elon keeps doing this, he might be cell mates with McAffee.
It would be strange if he tweeted about it for a year and had nothing in his pocket when 1 bitcoin for him is like dust. He spends more on food than 1 bitcoin is worth.
It would also be pretty stupid if he changed his status before buying unless it was just a joke. People are hoping he will pump bitcoin but what if he's already in and taking profits from this pumps?
On the one hand, it is very funny and interesting to watch such events (and some were able to make good money on this), but on the other hand, it creates an image of some kind of frivolity. I don't think that the fact that one person can change the bitcoin rate by 15+ percent with one action on a social network is a good argument in favor of bitcoin, rather the opposite. Even if this man were the president of the United States.
6 hours later, and most of the gains from Elon's pump are gone. This is why it's dumb to look at things like that as something serious and fundamentals. Noobs probably though that Elon will soon start accepting Bitcoin for his cars or will promise to make Bitcoin the official currency of Mars, but really this was just some twitter shitposting. If you want to trade based on that, you should do so only on small timescale, like hours or minutes, and be ready to dump quickly.
A single word Bitcoin getting added to the bio of Elon Musk has made such a big change in the market. This has getting changed to be the big boys game. Elon Musk always try to be the game changer, from program development to the present days technology he has been getting on the top. Maybe we can soon get to see his own cryptocurrency, which will be under big hype without reason.
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