Topic: Elon Musk adds #Bitcoin to his Twitter bio - page 3. (Read 1373 times)
This sparked a lot of articles and of course needed publicity for bitcoin. That being the case, it has always been obvious thst Elon is a supporter of bitcoin and cryptocurrencies in general. He even went beyond and implemented a bitcoin purchase method in Paypal, one of his most famous brainchilds. Now let's just sit and wait until all of this unfolds, this is gonna be epic.
Elon musk helpful for the cryptocurrency to grow because they added to his bio bitcoin in his twitter account, there is a lot of followers of this person and to those who follow it see the bitcoin possible for them to buy more bitcoin that will cause for the bitcoin to dump the value. The more bitcoin will buy this year the price will up and it is nice to see that and hoping more famous people will advertise bitcoin.
I think that this status was regarded as an approving gesture towards bitcoin. Most likely, those many who doubted the digital currency after this status stopped thinking and invested in it. Only after this event do you understand how broad the audience of Elon Musk is if she is able to greatly influence the bitcoin rate with her investments. Elon is a fine fellow that he doesnt hesitate to do such things for a wide audience.
I am happy with the spike in exchange rates for Bitcoin, but at the same time I can't ignore the fact that Elon Musk has been accused of market manipulation before. He has tried to influence the stock markets in the past multiple times with his tweet. Here is a statement from the SEC regarding some of his tweets:
https://www.sec.gov/news/press-release/2018-219
And just a few months ago, he was again accused of doing the same:
https://www.theverge.com/2020/5/1/21244747/elon-musk-tesla-tweets-shares-sec-settlement-stock
Now there is a real possibility that he is doing the same with Bitcoin as well.
https://www.sec.gov/news/press-release/2018-219
And just a few months ago, he was again accused of doing the same:
https://www.theverge.com/2020/5/1/21244747/elon-musk-tesla-tweets-shares-sec-settlement-stock
Now there is a real possibility that he is doing the same with Bitcoin as well.
I think he learned his lessons after the SEC settlement. This time his tweets are 'clear'.
Posting #Bitcoin in BIO is freely interpretable. He's not suggesting or saying anything. People are those interpreting it as a bullish sign.
Are they making the hype now? That seems quiet to see how Elon Musk does this, with the hashtag Bitcoin? Well, that simply creating hype and use his popularity to encourage people to buy Bitcoin at a high price.
But wait, I don't think is really enough to make a huge spike for the hashtag line. Probably not the case why we have this surge, just a coincidence, Elon Musk didn't do anything with the market, nor he is playing around but to suspect this as another drama from different people and uses Elon Musk's identity.
But wait, I don't think is really enough to make a huge spike for the hashtag line. Probably not the case why we have this surge, just a coincidence, Elon Musk didn't do anything with the market, nor he is playing around but to suspect this as another drama from different people and uses Elon Musk's identity.
He is the richest man in this world, plus I think he is the most influential person in the tech industry nowadays.
So any crypto-things initiation by him will be overexposed by Twitter users since Twitter is the homeland for crypto shilling activity.
But I am still 50:50 about crypto influencers that can influence the crypto price.
Take a look at this article, you can read the correlation between Twitter influencers and crypto price
https://beincrypto.com/what-impact-do-twitter-influencers-have-on-crypto-prices/
Musk's change is bio cannot be overlooked; he did it first with Doge coin; and after seeing the fomo worked perfectly; he literally did the same to bitcoin today; he merely used his influence on social media to create a fomo incidence which worked to certain extents; alot of bitcoin traders who are shorting bitcoin were liquidated due to the ripple effect of musk bio
May be this tactics will continue to work for him until people begin to get burnt and hunt and then they begin to hate him like they now hate McAfee and anything he touches. I have to confess that Elon is a very influential person and people will always value his calls on any business.
Yesterday people were very happy seeing the bitcoin price rise around 5000$ within 4 hrs but today it is back to 34,000$ levels. Many people have fomo and now they are in a loss as they bought at high prices. Although i know that bitcoin price will rise in future but i do not like such pump dumps in the bitcoin price.
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 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.
Just because someone places hashtag on his twitter account doesn't make people go and buy bitcoin.
Similarly just because people search about bitcoin on google that doesn't mean they also buy bitcoin just because they googled the word "bitcoin" (that's not even "where/how to buy bitcoin").
Not to mention that people who react to social media like this are not the majority and the amount of money they have is not going to change anything about the price when you look at the bigger picture. That was about $50 million so far in only 2 exchanges (Coinbase and Bitstamp) in past hour. Idiots on social media who panic buy based on some tweet don't have that much money combined.
This price rise is simply the whales running out of bitcoin to dump, now the existing demand is showing itself. Soon we may see the same panic sellers who shit their pants when price went down to panic buy again not because of some tweet but because they are "panic traders".
true, but at least if the person writing is a well-known public figure and indeed from an investment perspective, bitcoin is profitable, at least there will be many who do a review. I think this is good and positive for the crypto market. Similarly just because people search about bitcoin on google that doesn't mean they also buy bitcoin just because they googled the word "bitcoin" (that's not even "where/how to buy bitcoin").
Not to mention that people who react to social media like this are not the majority and the amount of money they have is not going to change anything about the price when you look at the bigger picture. That was about $50 million so far in only 2 exchanges (Coinbase and Bitstamp) in past hour. Idiots on social media who panic buy based on some tweet don't have that much money combined.
This price rise is simply the whales running out of bitcoin to dump, now the existing demand is showing itself. Soon we may see the same panic sellers who shit their pants when price went down to panic buy again not because of some tweet but because they are "panic traders".
I still think this is just a coincidence.
Maybe it added some point to lure other investors to believe in Bitcoin but not the totality , and also yeah there is some part that this would be a coincidence and timing that investors had Invested when Elon is twitting .Quote
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.
Actually this situation will added a Big head to this person because he will claim that he is the reason for this pump and will Make Play to this market.Or he already made His mind to start believing in crypto that Much .
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 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 think we would be seeing most of these coin hype and price pump this year, that is from one coin to another, before it was Doge then to Bitcoin but who cares, so far people are making gains they won't really bother. Also, I see it that, currently people now needs a type of reason to buy a coin, imagine what caused Dogecoin pump, then look at what caused Bitcoin pump, that is to say, once he says another thing on another coin, people will fomo and the price will pump as well. Nevertheless, as said earlier, many people don't care and in as much as I don't see it as him controlling the market, however I think following any of these pump, one needs to be careful and know when to sell in order not to lose at the end, of course, Bitcoin is an exemption on this, but other altcoins should be followed with carefulness.
If you wanna have access to Elon Musk twitter which one coin the first you add on his tweet, just kidding because looking how reputation from Elon musk can make coin pump fantastic, maybe if he give us access on his twitter maybe any favorite coin do you wanna make tweet, I think if I have chance I will tweet with ethereum coin because I wanna see ethereum have look not different price with bitcoin but think is never happen, Elon Musk just tweet coin without any developer like DOGE.
Musk's change is bio cannot be overlooked; he did it first with Doge coin; and after seeing the fomo worked perfectly; he literally did the same to bitcoin today; he merely used his influence on social media to create a fomo incidence which worked to certain extents; alot of bitcoin traders who are shorting bitcoin were liquidated due to the ripple effect of musk bio
May be this tactics will continue to work for him until people begin to get burnt and hunt and then they begin to hate him like they now hate McAfee and anything he touches. I have to confess that Elon is a very influential person and people will always value his calls on any business.
many got curious after seeing the btc on elons profile and they search btc in google .
its too early to tell if they will get interested in btc or not . this is why the price didnt rise heavily
We can't do anything about Elon's power in the market. He can tweet anything that he wants and just like those days when McAfee tweets an ICO, there's a surge after that every time he tweets about it. What's good about Elon is that he's with bitcoin and Dogecoin. I just wish that he won't be too brutal pumping any coin like those totally dead that he wants which will make the market go into division again.
Elon Musk is a very influential man, just by following his tweets anyone can tell in the comments of the crypto community that is interacting, new to crypto and advocates of bitcoin.
I consider that this way of communicating on social media has a good result. Because we are defending the freedom to choose now more than ever, society feels united.
We do not know if he has bought bitcoin but if he does, bitcoin will gain a big rally without a doubt.
I consider that this way of communicating on social media has a good result. Because we are defending the freedom to choose now more than ever, society feels united.
We do not know if he has bought bitcoin but if he does, bitcoin will gain a big rally without a doubt.
The huge influence of Elon Musk is extraordinary, influencers are able to drive bitcoin price movements with just a tweet. I realized that someone with a big name can influence anything in the world and Elon Musk proved that Bitcoin is working for him
Never need analyze and looking with chart view of bitcoin or altcoin price, open your twitter account and looking for ELON MUSK twitter this best way how to get profit with trading on bitcoin or altcoin right now, the most influential person right now in cryptocurrency world is elon musk when he make tweet about any coin price will pump, looking what happen with DOGE coin could raise above 1000% up after his tweet and bitcoin suddenly up above 20% after he change his twitter profile, you need waiting when next coins tweet by elon musk
This doesn't work like this at all.
We can't directly attribute the credit to Musk. He tried to de-mean bitcoin a few weeks ago but that didn't have any impact on price.
This time whales took the benefit of the situation, due to DOGE pump, exchanges were filled with extra liquidity. As soon as Musk wrote in his profile, they took the benefit of the situation, shifted the Liquidity to BTC, pumped it by 20%, DOGE dropped by 40%.
Never need analyze and looking with chart view of bitcoin or altcoin price, open your twitter account and looking for ELON MUSK twitter this best way how to get profit with trading on bitcoin or altcoin right now, the most influential person right now in cryptocurrency world is elon musk when he make tweet about any coin price will pump, looking what happen with DOGE coin could raise above 1000% up after his tweet and bitcoin suddenly up above 20% after he change his twitter profile, you need waiting when next coins tweet by elon musk
Yeah, I've also seen this thing on Twitter and it really affects the big rise of bitcoin yesterday but gets down again today. It seems like big people with big names can affect the value of bitcoin with the simple things they have done for bitcoin but the inflation did not meet my expectation, I thought that bitcoin will continue in rising for about &50k but I was wrong with that part because it only reaches $38k.
It will take some time before we get to that. 50k will be a smooth sailing after we break the 40k resistance in my opinion, remember when the 20k resistance was broken and after that the 30k mark came in without the fuzz of going up and down. Celebrities that has enough influence will be able to do this kind of things in the first place, that is why we have to watch out for these kinds of Tweets or statements because people will be gobbling up anything that their idol or hero says and that can spell a profit for the traders and hodlers alike.
Yeah, I've also seen this thing on Twitter and it really affects the big rise of bitcoin yesterday but gets down again today. It seems like big people with big names can affect the value of bitcoin with the simple things they have done for bitcoin but the inflation did not meet my expectation, I thought that bitcoin will continue in rising for about &50k but I was wrong with that part because it only reaches $38k.
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