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Topic: Elon Musk adds #Bitcoin to his Twitter bio (Read 1308 times)

sr. member
Activity: 1638
Merit: 255
February 08, 2021, 08:08:53 PM
After a run to the Doge and Bitcoin, where else will Elon Musk go among these nearly thousands of cryptocurrencies. I also want
to wait for the coin especially the one he tweeted later, it will definitely make a  huge profit  again. Elon Musk is  becoming more
and more popular for now, it's because his tweets are always cool.
legendary
Activity: 1456
Merit: 5874
light_warrior ... 🕯️
February 08, 2021, 07:42:54 PM
A small step, but a good step in the right direction Wink
Elon Musk [Thx for the idea to the cult leader]
Yes all very interesting. You'll observe that the address first goes live a couple of months (02-05-2019) before Elon's first Doge tweet (end of march 2019). It's possible Musk mentioned DOGE back in 2017 (in FEB and NOV) as there is google trends data for that "elon musk doge" but I haven't found that evidence yet. Personally I don't think it is all coincidence, but yes the evidence is by no means conclusive. Certainly a massive crypto whale of some sort. To own 20% of DOGE which has floated in the top 25-50 coins for years now, and doesn't have an organization, VC, or DAO behind it, is very notable.
legendary
Activity: 1008
Merit: 3001
February 05, 2021, 01:56:01 PM
It looks like the world has gone crazy «The Elon Effect», I think the SEC's reaction is not far off ... and by the way, Elon removed #Bitcoin from his Twitter biography.
Mark Cuban
Quote
If I had to choose between buying a lottery ticket and #Dogecoin .....I would buy #Dogecoin.  But please dont ask me to choose between it and anything else
Elon Musk
Quote
Dogecoin is the people’s crypto
The last well known public figure to "speak" about BTC was actually Jack Dorsey. He made a tweet basically him running a node - https://twitter.com/jack/status/1357588751757627393

While this is not ideal, it certainty isn't bad by itself. For sure we can't really make any kind of provision / prediction what this may mean for Twitter, mainly because the actions (or personal actions) of his CEO doesn't mean the company should follow, but it's always good to see BTC being spread out like that.

A small step, but a good step in the right direction Wink

hero member
Activity: 1442
Merit: 510
February 05, 2021, 01:36:03 PM
Elon Musk is the most influential person today in the world of cryptocurrency, perhaps his position as a successful entrepreneur gives a strong enough reason why all the coins that are tweeted with him are so expensive. Almost people believe with Elon Musk and he get great position in cryptcourrency, just his tweet can make doge coin pump above 1000% and better waiting for his tweet next time to get profit again.
member
Activity: 1120
Merit: 68
February 05, 2021, 01:22:25 PM
Really now. A lot of people making assumptions just because Elon Musk tweeted something about bitcoin... We should know that that's not how it really works. There may be some factors about it but I think it's not entirely true. Bitcoin is not affected by this kind of factors alone and we know that it can't be controlled by anyone or any organization, even if it is an influencer or a famous one.
legendary
Activity: 1456
Merit: 5874
light_warrior ... 🕯️
February 05, 2021, 11:34:10 AM
Elon can also make some money from his influence if he wants. Imagine buying at a low price then tweet something about it to hype the price up then sold at the peak price.
This is not entirely true, because the SEC will view 40 million Twitter followers as potential investors. Thus, potential investors should be aware of Elon's material involvement. Simply put, Elon cannot use his fame to advertise digital assets to his followers. Below is a quote that summarizes the SEC's position, (btw, he also cannot declare that he bought some coins).

Quote from: SEC
McAfee and Watson also allegedly engaged in a separate scheme to profit from a digital asset, secretly accumulating a large position in McAfee’s accounts, touting the digital asset on Twitter while intending to sell it, and then selling McAfee’s holdings as the price rose.


hero member
Activity: 2352
Merit: 593
February 05, 2021, 02:13:39 AM
I want to give thanks to Elon musk for boosting the price of doge by the works of social media. He's currently playing a big role in cryptocurrency and I bet that most of the investors are happy because of his doing. Dogecoin was mentioned twice and a sudden increase of doge was seen in the market, definitely a boost by a known person which is elon musk. Even though it's a temporary increase, it helps us to grow profit for a mean time.

For those who're curious, this is the tweet https://twitter.com/elonmusk/status/1357231313376456708


Elon can also make some money from his influence if he wants. Imagine buying at a low price then tweet something about it to hype the price up then sold at the peak price. He is very influential so I think he should not just post something to his social media account resulting for some people to get FOMOed. He may have help you to earn some profit but think of other people that bought at a high price, I heard that someone even bought at 7 cents. They will hold it for a long time if they want to avoid loss. When will they recover the amount they lose from it.
newbie
Activity: 4
Merit: 0
February 04, 2021, 02:00:56 PM
I believe there is a lot of correlation between it.

Humanity as a species is very prone to following those people that a lot of others look up to, especially on Social Media. I've seen this myself in action as I've been the originator of a few things myself on a smaller level via social Media and I do not have the following nor the reputation that Elon Musk has. This was probably caused by Musk adding the hashtag and thus endorsing Bitcoin. Everyone was already watching what he'd do after the previous things he's done.

This was in addition to the markets and those within the markets reacting to it. I'm sure many, many new people googled Bitcoin right after seeing it on his Bio. They of course didn't all invest in the first hour, but many likely invested in the day or two following. Experienced traders knew what the result would be from this and quickly bought more knowing it would rise quickly due to increased interest.

Bitcoin will keep rising incrementally due to these things. Each thing will reinforce it's position and make it stronger. It's inevitable.
legendary
Activity: 1722
Merit: 1007
Degen in the Space
February 04, 2021, 12:07:54 PM
I want to give thanks to Elon musk for boosting the price of doge by the works of social media. He's currently playing a big role in cryptocurrency and I bet that most of the investors are happy because of his doing. Dogecoin was mentioned twice and a sudden increase of doge was seen in the market, definitely a boost by a known person which is elon musk. Even though it's a temporary increase, it helps us to grow profit for a mean time.

For those who're curious, this is the tweet https://twitter.com/elonmusk/status/1357231313376456708
legendary
Activity: 1456
Merit: 5874
light_warrior ... 🕯️
February 04, 2021, 11:13:25 AM
It looks like the world has gone crazy «The Elon Effect», I think the SEC's reaction is not far off ... and by the way, Elon removed #Bitcoin from his Twitter biography.
Mark Cuban
Quote
If I had to choose between buying a lottery ticket and #Dogecoin .....I would buy #Dogecoin.  But please dont ask me to choose between it and anything else
Elon Musk
Quote
Dogecoin is the people’s crypto
jr. member
Activity: 516
Merit: 1
February 04, 2021, 10:25:13 AM
This is not a coincidence, but it really is. Musk really has a huge impact on the price ... Did you see what happened to Dogecoin today? So this may not be his last manipulation ...
sr. member
Activity: 2254
Merit: 309
Seabet.io | Crypto-Casino
February 04, 2021, 10:10:43 AM
Today Elon musk make new tweet and make DOGE coin pump to higher price, you have notice your twitter account when Elon Must make tweet you have ready to buy coin tweet by him, but always DOGE become favorite coin tweet by him. I think almost several time Elon  Musk give positive impact for DOGE coin raise to higher price, but never try to buy few hour after his tweet if you don't want loss much money. Take faster after his tweet to get much profit.
full member
Activity: 1026
Merit: 110
Need Bounty manager ? Contact @repear71
February 04, 2021, 09:50:16 AM
Yes, I saw that.  Elon Musk is the big idol of cryptocurrency.  Looks like he's running with the dog coin now.  He tweeted about Doge, And, Doge pumped at 0.059 within 20-30 minutes.
member
Activity: 109
Merit: 10
Student Coin
February 04, 2021, 09:35:13 AM
Elon mask has now a great role in cryptocurrency pumps especially bitcoin and dogecoin.
Very astonished to see the doge price pump when i inquired for price pump i find it its only one tweet of Elon Mask.
This is very special News. Now see which coin he mention next.
jr. member
Activity: 63
Merit: 1
February 04, 2021, 08:46:46 AM
The funniest part is that doge jumped the second time he mentioned it. He didn't really say it's a better crypto than others, it was just a meme for lulz and the obedient market moved.
hero member
Activity: 1722
Merit: 528
February 04, 2021, 08:43:00 AM
I still think this is just a coincidence.

I am happy that someone that as popular as Elon Musk supports Bitcoin and how influential he is not just in the public but in the market. Despite all of that though, I think it is not right that we will be letting him control the market and just make a spike that. I am not saying that the spike happened because of him, it is just kind of troubling that someone could dictate a spike or not.

I would look at it positively knowing a worlds richest man using #Bitcoin to his twitter. These might bring a good indication in the cryptocurrency market which some peole think that these bitcoin or cryptocurrency really existed because such an Elon Musk believe and trusted it. However we can never be so sure that Elon Musk does a bitcoin user, trader or investor too but the mere fact that he was a famously known man today using #bitcoin was a great indication already.

That is the big indication that he is into Bitcoin.

As far as I know, that is not just Bitcoin but cryptocurrencies as a whole. There are a lot of cryptocurrencies that he has his eyes on and as far as I know, this is not the first time that he is being linked or connected to cryptocurrencies. As far as I know, he's been supporting or rooting for an altcoin in the past, I can't remember which one.
sr. member
Activity: 1974
Merit: 453
February 04, 2021, 07:08:36 AM
Looks like he came back with a praise to Doge and it mooned Cheesy

Yeah.. here is the original tweet:

https://twitter.com/elonmusk/status/1357231313376456708

I have no idea what he is up to. A single tweet related to Bitcoin, and it's price jumped by 20%. Another one mentioning DOGECOIN, and it's price rocketed by 60%. WTF is going on with the cryptocurrency market? I though that simple announcements from celebrities influencing the exchange rate was a thing of the past. And someone please explain me why serious investors are accumulating DOGE, when it is not protected against inflation (controlled supply principle doesn't apply to DOGE).

At this point I don't even know whether these sort of tweets are good for the cryptocurrency adoption or not.
hero member
Activity: 2016
Merit: 531
FREE passive income eBook @ tinyurl.com/PIA10
February 04, 2021, 06:46:58 AM
Looks like he came back with a praise to Doge and it mooned Cheesy
newbie
Activity: 11
Merit: 0
February 04, 2021, 06:28:41 AM
This will probably bring a big pump and dump, I believe in long term BTC and not in such moves.
Agreed.
Well, just because he is the most influential people around the world. That is the power if you are the richest man on earth, you can influence people who follow you, and that brings a massive adoption of bitcoin. This will give a pump and dump with bitcoin price, as we can saw in the market, bitcoin was gained too much price increased. Perhaps just also because of Elon Musk dogecoin was increased too much and then at this moment it had a short correction. Indeed, more and more influencer will come to bitcoin will surely give awareness to people or potential big investors.

Absolutely - and You might be right. However I still see it has huge pump, and with that follows a dump, might not a big one, but it will. But yes, the more attention and awareness the Bitcoin community gets, the more followers and investors will come.
full member
Activity: 1008
Merit: 141
February 04, 2021, 04:58:55 AM
According me it can’t envision how Elon Musk be exceptionally impacted by individuals. With fair his tweet, destitute individuals begin to accept in it and we can't deny almost the tweeter hacked account final month is exceptionally compelling to inspired individuals and contribute, will I figure, they were caught at this stage. All have positive and negative had here, individuals will I figure upbeat since of Elon Musk's tweet, but what in the event that those individuals had to lose and ended up disillusioned from their misfortune. So personal research matters before investing in crypto.
Elon Musk be exceptionally impacted by individuals?  who is that person?  I strongly agree with @icopress that Elon has never been influenced by individuals, what he is doing right now is purely his own desire, including loving Bitcoin and Doge.

I mean little Sheldon, since he and Elon have something in common - that they are both obsessed with progress, (besides the stolen diary with the reusable rocket theory).

(the stolen diary with the reusable rocket theory) by musician Cool
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