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Topic: Elon Musk accidentally created a new cryptocurrency. WTF? (Read 5188 times)

hero member
Activity: 1232
Merit: 516
Elon Musk is a savvy businessman who knows how to back up his words with action. When he talked about Doge on Twitter, we saw how it influenced its price. However, with Floki, it's a different story. Anyone can create and launch a token, so it might just be a smart developer taking advantage of the opportunity.

What makes you think that Elon Musk is the kind of man who backs up his words with action? Just remember what he did with the twitter take over deal. First he offered a price and when they agreed to that price he gave a lame excuse and a condition to finalize the deal. I agree with your statement that Elon is a savvy businessman, and his move with doge was a bold one. He saw it's super cheap and doesn't have any real use cases, so let's buy the dip and use influence and fame to hype the project then cash in after a big pump. What Elons says is a lie. He doesn't care about doge coin it's all about making money. Doge coin was the perfect bait for him to stock up the portfolio slowly so that no one can notice then express yourself as a huge fan of the project. 
sr. member
Activity: 532
Merit: 251
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Musk or any other business people who put their money on the market, then it's a huge hype for that coin. Because people believe that when they invest in that, it will make that coin more valuable in the future by being used in their own business or something. So it's a secure way to follow those people. But I don't know if it's always a good strategy here as well, because in the stock market, there's some reason for collaboration with another company or something. But here it's completely different; they are just hyping this, and we can't really get their intention behind that. And we witnessed that this temporary hype only benefits at that time and not for too long.
jr. member
Activity: 211
Merit: 1
Most importantly, after the last post, it was revealed that he still keeps bitcoins on Tesla's balance sheet. So he's not going to cause a bitcoin collapse.

Too bad we depend on him. Can you imagine, as soon as it is known that he sold bitcoins, the price will go down sharply. That's sad! We need more influential people in the market so that the market doesn't depend on one person.
full member
Activity: 1190
Merit: 123
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Elon Musk is a savvy businessman who knows how to back up his words with action. When he talked about Doge on Twitter, we saw how it influenced its price. However, with Floki, it's a different story. Anyone can create and launch a token, so it might just be a smart developer taking advantage of the opportunity.
legendary
Activity: 1778
Merit: 1474
🔃EN>>AR Translator🔃
The companies that benefit from Bitcoin are mostly online companies that provide services to users regardless of their location or the countries they belong to. This is the real benefit from the benefits of Bitcoin, since it not only provides an exchange currency, but also a payment system that can be easily integrated.
Bitcoin is not the only crypto payment option. But I already got used to it and pay for many things with crypto lately. And for example Crypton from Utopia P2P is accepted by more than 1800 merchants already: https://x.com/UtopiaP2P/status/1572904958118481921?s=20 It clearly shows how crypto is integrated in our everyday lives.

My Twitter account was suspended a while ago, so I cannot open the link in your quote.
I am surprised that this little-known currency is so widespread. This leads me to wonder who the merchants are who use them and in which countries they live. Other currencies that are famous and have a place in the crypto market do not have this number of merchant users.

Bitcoin is the most famous currency, but it is not very suitable for all transactions, especially commercial ones, since its price movement is very unstable and it is difficult to use it to determine the value of a commodity for a long time.
newbie
Activity: 12
Merit: 1
Do you believe that both Dogecoin and Shiba can still increase in price in the upcoming uptrend season? I still have faith that they will appreciate in value, even though they are essentially market manipulations created by market makers. Short-term profits are still possible, but these should be considered speculative investments. Be cautious of extremely high prices and market capitalizations before deciding to take profits
newbie
Activity: 68
Merit: 0
The companies that benefit from Bitcoin are mostly online companies that provide services to users regardless of their location or the countries they belong to. This is the real benefit from the benefits of Bitcoin, since it not only provides an exchange currency, but also a payment system that can be easily integrated.
Bitcoin is not the only crypto payment option. But I already got used to it and pay for many things with crypto lately. And for example Crypton from Utopia P2P is accepted by more than 1800 merchants already: https://x.com/UtopiaP2P/status/1572904958118481921?s=20 It clearly shows how crypto is integrated in our everyday lives.
legendary
Activity: 1778
Merit: 1474
🔃EN>>AR Translator🔃


Many companies are late to adoption due to their vital connection to the global financial system, which is largely fighting the spread of Bitcoin culture that will eliminate all its influence. It is not easy at all to get rid of a global system in which everyone works and replace it with a system used by a few. I think this is one of the most important reasons that encourages enthusiasts like Elon Musk and others to abandon Bitcoin in favor of other assets because he cannot use it in the market practically.

It is very important to realize that despite the delay in widespread adoption for the reasons we have explained, the degree of adoption that Bitcoin has currently reached is considered very important and very high compared to the time it took. Bitcoin is literally ageless because 10 or 12 years cannot make any currency used on a global scale as Bitcoin is today. Almost no other currency in history has enjoyed such success in such a short time as Bitcoin. This can be considered an amazing achievement. The journey is still long, and the day will certainly come when the use of Bitcoin becomes widespread, since it can no longer be bypassed or ignored.

I agree with everything you wrote! Many people still haven't embraced bitcoin because they are very much tied to traditional financial institutions. This can be seen in all areas. For example - gambling! Many companies still do not accept cryptocurrency. Other companies on the contrary are much more successful because they accept cryptocurrency and the number of their customers is much higher.

The companies that benefit from Bitcoin are mostly online companies that provide services to users regardless of their location or the countries they belong to. This is the real benefit from the benefits of Bitcoin, since it not only provides an exchange currency, but also a payment system that can be easily integrated.
Of course, the financial institutions that control the global financial economy do not want this culture to spread.

In my last comment, I briefly explained that the spread of “banking culture” is what explains the inability of users to use central platforms for long-term storage, and what also explains the significant delay in the spread of adoption: https://bitcointalksearch.org/topic/m.62992744
jr. member
Activity: 211
Merit: 1


Many companies are late to adoption due to their vital connection to the global financial system, which is largely fighting the spread of Bitcoin culture that will eliminate all its influence. It is not easy at all to get rid of a global system in which everyone works and replace it with a system used by a few. I think this is one of the most important reasons that encourages enthusiasts like Elon Musk and others to abandon Bitcoin in favor of other assets because he cannot use it in the market practically.

It is very important to realize that despite the delay in widespread adoption for the reasons we have explained, the degree of adoption that Bitcoin has currently reached is considered very important and very high compared to the time it took. Bitcoin is literally ageless because 10 or 12 years cannot make any currency used on a global scale as Bitcoin is today. Almost no other currency in history has enjoyed such success in such a short time as Bitcoin. This can be considered an amazing achievement. The journey is still long, and the day will certainly come when the use of Bitcoin becomes widespread, since it can no longer be bypassed or ignored.

I agree with everything you wrote! Many people still haven't embraced bitcoin because they are very much tied to traditional financial institutions. This can be seen in all areas. For example - gambling! Many companies still do not accept cryptocurrency. Other companies on the contrary are much more successful because they accept cryptocurrency and the number of their customers is much higher.
newbie
Activity: 68
Merit: 0
Arkham analytics company Arkham is looking for Ilon Musk's BTC wallets.

That's what the news is now!

But in Musk's case it would be much more interesting to know how much DOGE he has than to know how much BTC he has
Fully agree. I'm sure that many big businessman has lots of BTC stored on their wallets. It's much more interesting to know their other coins they hold. But in this case any coin that will be mentioned will have another hype stage. So anything can be said just to pump some certain coin.
legendary
Activity: 1778
Merit: 1474
🔃EN>>AR Translator🔃


Many companies are late to adoption due to their vital connection to the global financial system, which is largely fighting the spread of Bitcoin culture that will eliminate all its influence. It is not easy at all to get rid of a global system in which everyone works and replace it with a system used by a few. I think this is one of the most important reasons that encourages enthusiasts like Elon Musk and others to abandon Bitcoin in favor of other assets because he cannot use it in the market practically.

It is very important to realize that despite the delay in widespread adoption for the reasons we have explained, the degree of adoption that Bitcoin has currently reached is considered very important and very high compared to the time it took. Bitcoin is literally ageless because 10 or 12 years cannot make any currency used on a global scale as Bitcoin is today. Almost no other currency in history has enjoyed such success in such a short time as Bitcoin. This can be considered an amazing achievement. The journey is still long, and the day will certainly come when the use of Bitcoin becomes widespread, since it can no longer be bypassed or ignored.
jr. member
Activity: 211
Merit: 1
Arkham analytics company Arkham is looking for Ilon Musk's BTC wallets.

That's what the news is now!

But in Musk's case it would be much more interesting to know how much DOGE he has than to know how much BTC he has
newbie
Activity: 68
Merit: 0
Lately??? It seems like it's his natural behavior. And telling the truth, I've got pretty tired of him. I can't believe there are no other public person, who can stop all that shit start making good huge moves to make Elon shut up.
jr. member
Activity: 211
Merit: 1
So far, things have been quiet. Perhaps it was just a big announcement to draw attention to Twitter. Elon Musk has been acting like an epic man lately.
newbie
Activity: 68
Merit: 0
Now he has decided to go even further and has stated that he is going to make Twitter pay-per-view for everyone. I hope this is just another one of his idiotic statements designed to get attention. I wouldn't want to pay to just use a social networking site. We already bring him advertising revenue, it would be weird if he decided that everyone was going to pay and use Twitter.
In this case most of the users will go to Threads. As I know it's free to use and has the same idea as twitter. But I don't move there now as I don't like it's connected to Instagram. Like you couldn't delete your threads account without deleting your Instagram. Very strange decision..
jr. member
Activity: 211
Merit: 1
Now he has decided to go even further and has stated that he is going to make Twitter pay-per-view for everyone. I hope this is just another one of his idiotic statements designed to get attention. I wouldn't want to pay to just use a social networking site. We already bring him advertising revenue, it would be weird if he decided that everyone was going to pay and use Twitter.
legendary
Activity: 3122
Merit: 1032
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Is all the excitement around the project really a hype? Like chiahype and etc.?

Is it accurate if floki is a coin from elon?
I think Floki is just taking temporary advantage or you could say it's just hype, the human brain continues to run in search of as much profit as possible, we are the only ones who can research whether this makes sense or is it just momentary fomo, especially the current market conditions,


Well Elon Musk did say he will name his Shiba Inu Floki. But I think we all know that his favorite coin is Doge.

https://www.benzinga.com/markets/cryptocurrency/23/09/34792212/now-that-summer-is-almost-over-this-coin-named-after-elon-musks-dog-tops-meme-coin-gains-c
sr. member
Activity: 1330
Merit: 257
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Is all the excitement around the project really a hype? Like chiahype and etc.?

Is it accurate if floki is a coin from elon?
I think Floki is just taking temporary advantage or you could say it's just hype, the human brain continues to run in search of as much profit as possible, we are the only ones who can research whether this makes sense or is it just momentary fomo, especially the current market conditions,
legendary
Activity: 3122
Merit: 1032
#1 VIP Crypto Casino
Well now we know this is not true. But Elon Musk now said he will accept Bitcoins for Tesla payments. This is since mix of energy sources leveraged by Bitcoin miners has reached sustainables of 50%.

https://www.thestreet.com/cryptocurrency/markets/elon-musk-said-tesla-to-resume-bitcoin-payments-after-crossing-this-threshold
I think I've already heard this news several times and it never happened.. What's wrong with this man. He's so close to the crypto and never accepts it, while nowadays you can buy literally anything with crypto.

Well I think this time he is telling truths. The man is 'bipolar' so we can expect him to have many change like this. But this article makes me think he will be serious about it this time.
newbie
Activity: 68
Merit: 0
Well now we know this is not true. But Elon Musk now said he will accept Bitcoins for Tesla payments. This is since mix of energy sources leveraged by Bitcoin miners has reached sustainables of 50%.

https://www.thestreet.com/cryptocurrency/markets/elon-musk-said-tesla-to-resume-bitcoin-payments-after-crossing-this-threshold
I think I've already heard this news several times and it never happened.. What's wrong with this man. He's so close to the crypto and never accepts it, while nowadays you can buy literally anything with crypto.
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