I read in an article recently that of course Elon Musk is well known to everyone connected with cryptocurrencies. But the entrepreneur and businessman earlier this year won the title of richest man in the world, surpassing Amazon founder Jeff Bezos with a total net worth of $209 billion.
Source: https://blockster.com/blockdesk/1504_is-elon-musk-good-or-bad-for-crypto-a-unbiased-perspective
Topic: Elon Musk accidentally created a new cryptocurrency. WTF? - page 20. (Read 5194 times)
This us not market manipulation, rather it's a group of people who set out to create token on whatever Elon Musk talks about, none of these is he's fault, remember we all have freedom of speech Elon Musk saying things like the name of his new dog doesn't mean he told developers to make a token with the name, I'm really happy the meme craze is no where to be found anymore, Atleast investors can now concentrate on investing in projects with good Utility over meme coins.
I wouldn't suggest to try investing in crypto, watching Musk tweets. You will lose in the end. The best long-term strategy is accumulating strong altcoins, without trying to buy the dippest dip.
Elon musk has done nothing but manipulation for crypto money in my opinion. Doge support is not a problem at all. But in doing so, it caused many scam projects to be launched and caused serious losses to people. While trying to do useful things for cryptocurrency, it did too much damage. At this stage, he added wealth to his wealth thanks to crypto money. But while we think that we have actually won, we will realize that we have lost at a wide stage.
everyone has their own thoughts, for those who benefit from the hype that Elon created they will certainly support it, but on the other hand many also don't like it because they experience losses, this is what makes research and risk management that we do is very important, don't trust what other people say, and be careful when you're trading.
I think I would agreed on your statement about this statement dude. Because, nowadays it is easy to create token here in cryptocurrency actually, then once it is created, it is also easy to make an story and use other name that has a popular in the social media just like the name of Elon Musk where a lot of scammers used his name for their own self-interest, this is just a matter of real talk only.
But what's the reason for that? Not many will believe in something just because of the naming. Many will just laugh at it. While people are spending their time on something useless, Crypton already reached 31K active nodes! The number really impressed me as not all the top coins have similar index. Seems that project is gaining its popularity.
<...>
you are wrong to respond to this, Elon Musk has never made cryptocurrency because now anyone can easily make coins/tokens then floki are tokens created by other people.not recommend buying this token.
I think I would agreed on your statement about this statement dude. Because, nowadays it is easy to create token here in cryptocurrency actually, then once it is created, it is also easy to make an story and use other name that has a popular in the social media just like the name of Elon Musk where a lot of scammers used his name for their own self-interest, this is just a matter of real talk only.
Hahah, perhaps soon we will see how users will mention Ilona on Twitter in order to draw their attention to the new stablecoin
That's quite possible on the whole. I'm sure that many already tagged Elon, but for sure he doesn't read all these messages. It can work only if you'll send 5000+ army of twitter users with the same offer 
What a nice marketing ploy. Someone clearly aim to collect easy gains from Elon’s fans that immediately culled through crypto market list and bought this new token Floki. The growth of this shit token indicates that hamsters still believe and follow all the “signs” Elon Mask gives. No wonder that clever investors use these to earn. I wonder how long till this token will scam.
I don’t understand at all how you can buy such tokens. I have only one explanation, human greed knows no bounds in an attempt to capitalize on the hype. If Elon Musk is not connected with this, then the one who launched this token is a clever comrade, ahead of everyone else. And Elon Musk can not release his Tesla, but start breeding dogs, cats, and hamsters.
there are some parties who respond positively and there are also those who respond negatively about the launch of the new Elon musk token, namely Shiba Inu!.
In this regard I think that Elon Musk will create a new surprise in the crypto world, but in this case you should not be influenced by other people's tweets, stay careful in trading.
In this regard I think that Elon Musk will create a new surprise in the crypto world, but in this case you should not be influenced by other people's tweets, stay careful in trading.
Hahah, perhaps soon we will see how users will mention Ilona on Twitter in order to draw their attention to the new stablecoin
That's quite possible on the whole. I'm sure that many already tagged Elon, but for sure he doesn't read all these messages. It can work only if you'll send 5000+ army of twitter users with the same offer The founder of Tesla and SpaceX, Elon Musk, again stirred up the cryptocurrency market on Friday, leaving a seemingly harmless message about his new dog.
He said that he chose a nickname for his Shiba Inu puppy. His name will be Floki. In early May, Elon Musk first announced that he intends to take a Shiba Inu puppy. Then the cost of the Shiba Inu cryptocurrency increased by 68% in an hour.
After Friday's announcement by Musk, the Shiba Inu exchange rate increased by 26%, but later corrected. However, another thing is more interesting: 9 minutes after the appearance of Musk's post on Twitter, the Floki token was created on the decentralized Uniswap crypto exchange. Within an hour, its price increased by 795%, to $0.000000001100. As a result, the growth was about 3500%.
Do you think this is another attempt to influence the crypto market? Will the project be eco-friendly, because in the case of chia, everything was not so positive? There are already green projects on the market, for example, Crypton , for mining which only needs Internet access and a PC.
Is all the excitement around the project really a hype? Like chiahype and etc.?
I think don't be too hung up on Elon Musk's words at this time, if there is a possibility that it will happen, then we must also take advantage of their statements or steps, the point is that we must prepare all investment steps properly, for now and in the future.
Whatever they do and have to have a big impact on us, so that the investment we make will be very profitable, not to mention the current market conditions are quite good and stable, if we can take advantage of this, then our investment will be profitable to the maximum.
On one hand we might say it is a harmless message also you never can tell the motive behind such, that is, what if the plan was already in place to create such and what was needed as just that right moment. Moreover, one can hardly get involved in something that won't benefit him.
Also, on the other hand, he has already created that environment of tweeting something and the crypto community will pick it up to their own advantage, it start with Doge thus once something of like manner comes up from him, people leverages it and make money out of it, all these lead to the Meme shitcoins season.
Lastly, everything point to hype, and nothing more and today no one is remembering the Floki token again, the aim has been achieved and people have moved on; if he tweets another again, don't be surprised another token will pop up again, rise high and then crash like the others.
Also, on the other hand, he has already created that environment of tweeting something and the crypto community will pick it up to their own advantage, it start with Doge thus once something of like manner comes up from him, people leverages it and make money out of it, all these lead to the Meme shitcoins season.
Lastly, everything point to hype, and nothing more and today no one is remembering the Floki token again, the aim has been achieved and people have moved on; if he tweets another again, don't be surprised another token will pop up again, rise high and then crash like the others.
Soon after putting a stop to the most popular cryptocurrency out there, Bitcoin, as a payment mode to buy Tesla vehicles, company CEO Elon Musk has now said that he might create his own cryptocurrency in the coming future. A Twitter user asked the Tesla head why is he not creating his own cryptocurrency to which Musk replied if Dogecoin can't do it, he just might. "Why not just make a crypto from scratch that does everything you want technically and has a lot of dev support and doesn't have high concentration of ownership at least initially?" a user asked Musk on Saturday. "Only if Doge can't do it. Big pain in the neck to create another one," Musk replied.
This is all amazing for me. On what basis do people buy these newly created tokens. For example, this Floki, just because someone got a dog. What is the use of this token?
It's such a funny world, with a manners of people! While you're just there asking, there're persons asking, why you're asking and for what, you do not have more money than Elon Musk if he were wrong. Just ignore them and move on, they're way to learn and we all don't get to learn on same day. 
Even if the words of Elon Musk could be bought , I believe more that his actions were his personal intention to influence the crypto market and bitcoin in particular. Nevertheless, I agree that now is the time for new and more promising projects.
Everyone understands that false rumors are being spread in the elon musk market even if he created something new it would have no effect on crypto. Bitcoin no one can control if the amount invested in this currency is high the price will go up with the exception of elon musk's project, cryptocurrencies are the best investment.False rumor have been spread because Elon often tweet about cryptocurrency, and the price get affected after his tweet.
Many said that Elon is manipulating the price of the coins with his tweet, but it is not 100% true.
Some people may take the advantages of Elon's tweet and manipulating the market.
Such a bad influencer, he "harms" the industry with fake news and useless social media posts. Imagine just a single word about any project makes a perfect excuse for traders to pump it to the moon, I don't think this it the crypto space I have invested. Btw, I agree with the idea of "If you can't beat it join it", it is always better to make money on the speculation than waiting for the best opportunity. It is his personal choice to pump the existing altcoin or gonna create a new useless shitcoin and spread the HYPE around Twitter.
The founder of Tesla and SpaceX, Elon Musk, again stirred up the cryptocurrency market on Friday, leaving a seemingly harmless message about his new dog.
He said that he chose a nickname for his Shiba Inu puppy. His name will be Floki. In early May, Elon Musk first announced that he intends to take a Shiba Inu puppy. Then the cost of the Shiba Inu cryptocurrency increased by 68% in an hour.
After Friday's announcement by Musk, the Shiba Inu exchange rate increased by 26%, but later corrected. However, another thing is more interesting: 9 minutes after the appearance of Musk's post on Twitter, the Floki token was created on the decentralized Uniswap crypto exchange. Within an hour, its price increased by 795%, to $0.000000001100. As a result, the growth was about 3500%.
Do you think this is another attempt to influence the crypto market? Will the project be eco-friendly, because in the case of chia, everything was not so positive? There are already green projects on the market, for example, Crypton , for mining which only needs Internet access and a PC.
Is all the excitement around the project really a hype? Like chiahype and etc.?
"If you cannot beat the crowd, join the crowd" is a nice mantra to have in the world of altcoins it seems. You just have to get in while the wave is taking off and bail out before the wave starts to come crashing back down. Like in the stock market, it is large financial institutions and a few astute traders that know when to cash out - without being too greedy, that will make the biggest profits from this trend of social media trading. It's a sad indictment of society today that people are so willing to throw money at absolute junk just because some semi-celebrity, who is clearly playing with them, is willing to drop even subtle hints and they jump right in. He's acting a bit like a super villain these days, but he was probably tweeting over a bowl of coco pops for breakfast.
I'm actually getting fed up with Tesla CEO Elon Musk. That's why I want to ask Musk to stop tweeting about Bitcoin, Dogecoin and other cryptocurrencies and focus more on developing electric cars that he runs to make the world of transportation more environmentally friendly.
I wonder why just an unreasonable tweet can have such a big impact on rocking cryptocurrencies. The reason is, due to Musk's actions, people are blind and even lose a lot of money.
This is a free market and its not surprising that people could freely join up on this market and how much if those billionaires or known people would jump into this market?I wonder why just an unreasonable tweet can have such a big impact on rocking cryptocurrencies. The reason is, due to Musk's actions, people are blind and even lose a lot of money.
They could really tell things that they do want and its up to the community if they would follow it or not.We do have different perception and views.
Lots have hated Elon but there are people who do really still love on following this man due to some fundamentals for their investment to possibly react on it.
Jump to: