Topic: Elon Musk and BTC (Read 413 times)

It seems that what you say is very true and the fact that has happened, that bitcoin is increasing is the contribution of @elonmusk with its Teslanya which resulted in a sharp increase. Of course, @elonmusk is not the only one who does this, maybe a lot of companies and brokers do too. but initially it was clear it was all from @elonmusk's tweets that resulted in all this.

With this, it is clear that crypto now continues to be something that is very much needed in the advancement of virtual currency technology with advances that continue to develop and make advantages that do not have by another and make many investors continue to believe in crypto.

Because of his determination, this is what happened to bitcoin right now it became widely popular even average person knew the importance of digital currency. Elon Musk renounced wealth, did a very interesting idea for everybody and that make us more confident right now to face the future with courage due to this man who joined us together in this journey. Holders should bare in mind that btc is more valuable than any physical asset.

But it doesnt mean that he would really be that professional in terms on things that do happen in crypto market.This isnt something that someone could easily able to grasp on directly

but as a billionaire then it would really be that a hard thing because you wont really be reached out into that status for nothing.Therefore, those words that do come out into his mouth

would really be mind by the community because he's not an ordinary person that you can just neglect or ignore on because you can possibly join up with the ride in case the price do hypes up.

Elon Musk is one of the people who contributed to making the price of Bitcoin increase very drastically in 2021. Indeed, Elon Musk's influence was
so great that TESLA finally decided to invest in Bitcoin, This is what triggers other companies and other large investors to become interested
in investing in Bitcoin. And don't forget that Elon Musk's using twitter media has also succeeded in influencing his followers to invest in Bitcoin.
So we as the crypto community should really say thank you for what Elon Musk has done so far.

In my opinion, Elon Musk is an eccentric genius, as many people say.  After publicly investing $ 1.5 billion in bitcoin and making a profit over a year that Tesla sold electric cars.  It is no coincidence that Elon Musk has a super foothold in terms of "effects" for bitcoin and crypto.  The comments on Tesla's tweets, whether intentional or unintentional, seriously affect the price of bitcoin.  This shows huge implications for the market and the price of bitcoin produces a ton of new ATH.  But that also means that Elon Musk himself is taking the risk.  Elon and Bitcoin unseen together form a link this year.  Lol

So you are talking about the most volatile commodity which gained 62000% and 300% growth this year taking the market cap above $1 trillion in just 12 years period?The fiat currencies are robbing you of purchasing power since 1990's but the only assest which is growing over time is Bitcoin with such growth rates.The wall street investors who were against its usage are turning their support to Bitcoin and major companies like Tesla, Microsoft are accepting btc payment why?Because they know its usage and increasing their networth and profits meanwhile which other assets like gold and shares have not been able to do.Be smart and think out of the traditional markets that are ruled by some influential rich people who gain by making fools of other small players in the market.Bitcoin is the future currency rest your decision.

You don't become a billionaire for anything, every move he makes and every word that comes out of his mouth, are acknowledge and covered by the media he will play a major role in the industry just like he did in the investing and manufacturing industry, expect him to come out with innovative ideas once he goes deep in the Cryptocurrency.

They can't afford nor have the authority to stop the spread of Bitcoin, they have nothing to do this since they are not in the controlled with. It is much better for these leaders to talk about supporting crypto rather than to think negatively.

---

Back to Elon Musk, I really appreciate what he does. He absolutely has the purchasing power and could manipulate the minds of the people but he doesn't want everything will fall into his hands and take control of the market. What he does is to help people know about Bitcoin and sighting an important role it has today.

Fear and doubts are really on that on extreme level is on that time where everybody do looks the same views and perceptions towards the market.We dont know on what future looks like this is why

these kind of calls are really very that common.When it comes to sentiments and speculations floating around in the market then its not something new for us to be shocked on.

Now that known influencers or known people do join up the swarm then it does indicate that it did really getting some recognition now.Bull market is still young
but people are way too scare on taking up the risk.

Governments can't no longer stop the growth of crypto or bitcoin, many companies or taxpayers already use it as an investment the only thing they can do now is to put some taxes or limitations but not to the point that will cause harm or threat to crypto users since it already happened before but they were not successful in making it shut down. Regarding Elon, there are still supporters whose watching but still waiting to buy at lower price, who knows some companies also just waiting since the price went too high in just few months of this year there are still many of plenty of events can happen.

@OP, I'm not going to attack you, but I'd like to ask you something.
Aren't Gold, Platinum, Silver, Oil all highly volatile? Still they're traded by these people while these things are probably backed by nothing except their use case. Bitcoin's use case is its need to run the whole crypto economic system and if BTC won't outperform, alts will die. When an asset class of its own kind has born, why do you believe they've got no reasons to buy BTC? When there's profit, when there's a wider audience now who's ready to eat up all your sell orders and when there's more to come, why the hell do you think that these WallStreet guys won't be interested in BTC? You know something mate? BTC is pseudonymous, meaning that those who invest in BTC don't even need to tell anybody that they bought it until their targets are achieved.

That is true but the price difference from $3k to $19k was a huge rally but when it comes to the valuation at the moment people like me who earns below what the price of bitcoin is right now annually cannot make a difference along with millions of other middle class investors and the price of bitcoin depends upon how the institutional investors keeps on investing in them and how long they are willing to take the risk.

this is the important part that some people don't seem to get yet. it is not surprising either we had the same thing back in early 2017 when price had reached $3k for the first time and they were all crying about how bull market has ended and the dump should begin.

He can't really make it silently because as soon as he does that he has to let people know on official papers, Tesla can't put 1.5 billion in bitcoin and only Elon knows about it, there needs to be a lot of people who know about it beforehand and also they put in paperwork to let shareholders and SEC and so forth know about it and obviously news hear about it and so forth.

He didn't tweet about buying 1.5 billion dollars worth of bitcoin as well, go check when it happened and his tweets before that and you will see that he only talked about it afterwards, he talked about doge a lot though, if they bought doge that would have been a bit risky. That is why I think Elon didn't really talked about it or tweeted about it to make more money after he bought it, he just likes it and just like you and me he wanted to talk about it, just because his company bought a lot doesn't change his rights to talk about something he wants.

I agree. Its always important to try to look behind actions of ppl and who would benefit from those actions. If Elon simply wanted to invest in BTCUSD he could have done so in silent. Tell no one. Just as you would not tell ppl everything, right? but then he announced it on twitter as he knows he gets big attention. the H4 candle was up 4k I think it was. Not sure but pjrice went up for a while after that Elon tweet. So yes he may have had something in the back of his mind.

All in all I still think he is a good guy who tries to make the world a better place. Looking at his history, he definetaly came from nothing, was nearly bankrupt many times and always managed to keep his projects alive. He could have stopped after selling PayPal, and just sit back and relax and have a nice life on a big ass boat. But he did not. He started a revolution in the car industry. One man changed one of the biggest industries on this planet all by himself. I pay him respect for that. Then he was the first one to actually recycle a space rocket, in terms of using it multiple times. Nasa flies to space for 60 years now and never thought about reusing a rocket? Okay, they had space shuttles, but somehow stopped developing them. So... I like Musk for he never gives up, and sets goals so big one cant ever achieve them. But thats why he gets where he is. Setting huge goals and reaching only 80% of it, is better than setting a small goal and easily make it there, right?

It seems that the attention to Elon has decreased when I see the greatest concern is in the US stimulus package. And then what happened next, we could see new discussion topics like Biden VS Btc, Xi Jinping VS btc, ....

I agree though, McAfee and Musk are way too different personalities are far as crypto goes.

McAfee an obvious shill to ICO projects in 2017, and majority of projects he shills is scams.

While Musk, has 'walk the talk', you can call his tweet borderline troll though, but that's is. He doesn't specially say buy this and that, not specific and it's funny tweet because even tweeter sphere lit up, when he trolls crypto or someone.

You can really differentiate the two when it comes to shilling out something but its comparable into someone who doesnt really need money like Musk where he wont really be ruining
his own reputation by just shilling out some coins just like on what McAfee did in the past.

He do make out some tweets on where the masses do really take it seriously anytime he do publish those.Some people do really have just bad impressions
when it comes to this and making out those speculations or claims that the thing he's been doing is already on the manipulative side.

@OP Its really up to the company's board members and directors to decide if the price they are seeing now is undervalued or not as I have never even imagined that Elon Musk will be entering above 30,000$ since for me it is a little to steep considering my average bought price for Bitcoin.


Believe me or not he will become the most hated person on Earth even outside of the crypto industry as definitely him only benefiting from what others have did to pump Bitcoin up and then him leaving will just make him a selfish man on a lot of eyes. He will hurt more than what he will gain I can see people not supporting his products from his electric cars to his flame throwers all of this won't be bought by people and their friends who have been affected.

In all honesty: I think Elon was simply trying how big his power is. He tried to be a "Donald Trump for Bitcoin". Imagine, you are one of the richest ppl on earth, and many many ppl follow what you say, only because you tell them to. So... when he decides to invest into anything and then post it on twitter, there is a high chance that many ppl will follow his lead. So...
What if Elon tried the biggest pump and dump in history of BTCUSD?
I like Elon and what he does, but he's only a father too, and needs to pay bills. So maybe that BTC investment was only a short term thing to raise money for a new project? Or simply to see how far he can push prices?