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Topic: Elon musk is for crypto or just for attention to boost Tesla, SpaceX? - page 10. (Read 8576 times)

sr. member
Activity: 1316
Merit: 356
In my opinion, Elon is taking advantage of his popularity since a lot of people watching him. Whatever he do and suggests, people will follow because they believe Elon. Elon is a smart person, and he knows what he is doing. Just like what happened in doge last 2021, the price has exploded because of him. He invested before the price of doge exploded and I'm sure he profited a lot. Because of that, it benefit both of his project and in the community of crypto. In other words, "two birds in one stone".
hero member
Activity: 504
Merit: 625
Pizza Maker 2023 | Bitcoinbeer.events
He is trying to build something that is combination of all things and maybe crypto could be at the center of it, like as a payment thing. The reason why he changed the name of twitter to X is the same reason. He is not secretly doing this neither, he is actually openly talking about how he wants to build one thing to hold all the things he has and twitter was the start of building that thing. One day when he has what he wants, he wants to be beyond government entity, someone who is not really in one nation like he is in the USA right now, but someone who holds enough power and information that he wants to be beyond ruling. Crypto could be a good way into that probably.

I'm a bit skeptical about using a decentralized currency like Bitcoin where it would make everything very difficult for them, I rather think they will keep everything centralized so they have more control.  Ultimately he is crazy because he makes drastic changes but I doubt that he is so strongly crazy to bet on Bitcoin because what advantage would he get?
member
Activity: 143
Merit: 10
So you know there will be a cryptopayment system put in place just don't know what route he will go with.
Create an X coin instead of using an already existing cryptocurrency?
...
remember that he is one of the founders of Paypal... Also remember what the company was called before it was PayPal?
It was called X.com

Yes he wouldn't do a drastic rebrand unless he had something big up his sleeve. And the Doge maxis will no longer get the Elon bumps they used to get as he's now moved onto his own crypto.
legendary
Activity: 2828
Merit: 1497
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I think he got plan for crypto twitter proves it
Well he has already has a license agreement pending for cryptopayments with filing an LLC.
As well with the twitter coin sent out to users as beta testers awhile ago as shown with the screen below by Tree of Alpha:


So you know there will be a cryptopayment system put in place just don't know what route he will go with.
Create an X coin instead of using an already existing cryptocurrency?

He is trying to build something that is combination of all things and maybe crypto could be at the center of it, like as a payment thing. The reason why he changed the name of twitter to X is the same reason. He is not secretly doing this neither, he is actually openly talking about how he wants to build one thing to hold all the things he has and twitter was the start of building that thing. One day when he has what he wants, he wants to be beyond government entity, someone who is not really in one nation like he is in the USA right now, but someone who holds enough power and information that he wants to be beyond ruling. Crypto could be a good way into that probably.
mainly YES.
remember that he is one of the founders of Paypal. Maybe he has not all the rights on the name twitter.
He has previously proven that he is able to start from scratch.
Also remember what the company was called before it was PayPal?
It was called X.com - https://www.businessinsider.com/elon-musk-rebrand-paypall-x-sounded-like-porn-site-twitter-2023-7
He bought the domain back in 2017 so he had a plan setup for it put in place.
https://www.theverge.com/2017/7/10/15949862/elon-musk-x-com-paypal-tesla-spacex-domain-name
member
Activity: 402
Merit: 45
He is trying to build something that is combination of all things and maybe crypto could be at the center of it, like as a payment thing. The reason why he changed the name of twitter to X is the same reason. He is not secretly doing this neither, he is actually openly talking about how he wants to build one thing to hold all the things he has and twitter was the start of building that thing. One day when he has what he wants, he wants to be beyond government entity, someone who is not really in one nation like he is in the USA right now, but someone who holds enough power and information that he wants to be beyond ruling. Crypto could be a good way into that probably.

mainly YES.
remember that he is one of the founders of Paypal. Maybe he has not all the rights on the name twitter.
He has previously proven that he is able to start from scratch.
hero member
Activity: 2170
Merit: 575
He is trying to build something that is combination of all things and maybe crypto could be at the center of it, like as a payment thing. The reason why he changed the name of twitter to X is the same reason. He is not secretly doing this neither, he is actually openly talking about how he wants to build one thing to hold all the things he has and twitter was the start of building that thing. One day when he has what he wants, he wants to be beyond government entity, someone who is not really in one nation like he is in the USA right now, but someone who holds enough power and information that he wants to be beyond ruling. Crypto could be a good way into that probably.
hero member
Activity: 2184
Merit: 891
Leading Crypto Sports Betting and Casino Platform
Saw this news a while ago. I must say this is one of the most stupid things he has ever did so far as a belligerent CEO of multiple companies, and he's already one of the most deranged ones out there. Twitter is a multi-billion dollar brand that people painstakingly worked hard for since 2009. Not the mention the amount of acclaim and promotion that it has received over the years. To rebrand twitter for no reason besides "continuity" as all his companies had "X" in their names is just stupid and is going to cost him a lot of money in the long run. He's already bleeding cash in Twitter, and he's seeing a worthy competitor in Threads, instead of aggressively selling the benefits of Twitter over their competitor he chooses to change the brand and all that. Good luck.
hero member
Activity: 3052
Merit: 651
Thanks for the link @rdbase. I found out about this Tweet earlier today but actually ignored it because I thought someone is just messing with Elon.  Grin


https://twitter.com/elonmusk/status/1683378289031761920?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet

Quote
“bid adieu to the twitter brand and, gradually, all the birds.”

I am curious about the "all the birds"? What could he mean by that?

There's also a report that says the tweets will not be called tweets anymore because of the rebranding. I think they are still thinking about a new way to call all those posts and reposts. It will be a difficult change for other people who uses this service, but I think it will be good for the business overall.
legendary
Activity: 2828
Merit: 1497
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full member
Activity: 980
Merit: 237
Very interesting choice so if it is the choice to go with there you can assume his other companies are next.
So we can see twitter accepting it as a source of payment soon as well.
Maybe I'm missing something, I mean, for sure I'm missing something because I keep not understanding why Musk is accepting Dogecoin over bitcoin. Dogecoin is nice if you want to tip someone online, but accepting it as a payment for something very expensive like a car? Unless the plan is to hype it up, as usual, and then sell everything. Same old story but people keep following any weird message from this guy...
Personally, I thought the exact opposite, because Elon Musk had in a previous period sold all his bitcoin savings to complete the Twitter purchase deal, and it would be better for him to continue accepting bitcoin payments for the sale of Tesla cars.
I think there are two possible explanations for this action:
- Elon Musk still owns a significant amount of Dodge Coin and seeks to raise its price as much as possible before selling it. This may be a result of the period when he began posting tweets supporting Dodge, only to find himself involved in a large amount of money after its price fell.
- Maintaining his supportive position for Dodge Coin so as not to appear manipulative.
So let's say that either way is probably just a temporary position. the final goal is always dumping all the coins. And to be honest it couldn't be otherwise, there is not a single reason to keep accumulating Doge. I understand he's so rich that probably he doesn't even know how much money he has but at the end of the day he's a business man (among many other things) so I don't think he likes losing money.
We used to have a hard time understanding this man's moves and schemes. And if his plans at the beginning of his career were crazy enough to achieve great successes for him, his current position does not provide good indicators at all levels: Twitter is a losing company that he bought for a ridiculous amount, SpaceX will not achieve profits before other years, Tesla suffers from multiple crises, the most important of which is the problem of producing batteries that could threaten the entire industry. All this and many still trust his investment decisions and believe that he is the wisest man.
Elon musk has an entrepreneurial mindset and that's why he could confidently invest in all these projects ignoring the fear of unknown. I like his courage really, and no matter how you want to put it, he can never be broke even if all these companies fail.
He is one that has always believed in cryptocurrency and has some BTC, Eth and Doge coins in a wallet tucked away somewhere.
In 2021 when Tesla purchased some BTC, it could be likened to a whale move and it effected a price hike to about 25% which recorded an ATH of $48,000 as at then. Although, it was because it announced it was accepting BTC payment for  new purchase of Tesla vehicles with as low as $100 deposit.

When Tesla stopped accepting payments with BTC, the interest rate however dropped to 10%, this just goes to show you that despite the attention, a whale is a whale, and Elon and his Tesla and SpaceX are big whales in the cryptocurrencies ocean.
hero member
Activity: 2338
Merit: 757
Top-tier crypto casino and sportsbook
Very interesting choice so if it is the choice to go with there you can assume his other companies are next.
So we can see twitter accepting it as a source of payment soon as well.
Maybe I'm missing something, I mean, for sure I'm missing something because I keep not understanding why Musk is accepting Dogecoin over bitcoin. Dogecoin is nice if you want to tip someone online, but accepting it as a payment for something very expensive like a car? Unless the plan is to hype it up, as usual, and then sell everything. Same old story but people keep following any weird message from this guy...
Personally, I thought the exact opposite, because Elon Musk had in a previous period sold all his bitcoin savings to complete the Twitter purchase deal, and it would be better for him to continue accepting bitcoin payments for the sale of Tesla cars.
I think there are two possible explanations for this action:
- Elon Musk still owns a significant amount of Dodge Coin and seeks to raise its price as much as possible before selling it. This may be a result of the period when he began posting tweets supporting Dodge, only to find himself involved in a large amount of money after its price fell.
- Maintaining his supportive position for Dodge Coin so as not to appear manipulative.
So let's say that either way is probably just a temporary position. the final goal is always dumping all the coins. And to be honest it couldn't be otherwise, there is not a single reason to keep accumulating Doge. I understand he's so rich that probably he doesn't even know how much money he has but at the end of the day he's a business man (among many other things) so I don't think he likes losing money.
We used to have a hard time understanding this man's moves and schemes. And if his plans at the beginning of his career were crazy enough to achieve great successes for him, his current position does not provide good indicators at all levels: Twitter is a losing company that he bought for a ridiculous amount, SpaceX will not achieve profits before other years, Tesla suffers from multiple crises, the most important of which is the problem of producing batteries that could threaten the entire industry. All this and many still trust his investment decisions and believe that he is the wisest man.
legendary
Activity: 2576
Merit: 2880
Catalog Websites
Very interesting choice so if it is the choice to go with there you can assume his other companies are next.
So we can see twitter accepting it as a source of payment soon as well.
Maybe I'm missing something, I mean, for sure I'm missing something because I keep not understanding why Musk is accepting Dogecoin over bitcoin. Dogecoin is nice if you want to tip someone online, but accepting it as a payment for something very expensive like a car? Unless the plan is to hype it up, as usual, and then sell everything. Same old story but people keep following any weird message from this guy...
Personally, I thought the exact opposite, because Elon Musk had in a previous period sold all his bitcoin savings to complete the Twitter purchase deal, and it would be better for him to continue accepting bitcoin payments for the sale of Tesla cars.
I think there are two possible explanations for this action:
- Elon Musk still owns a significant amount of Dodge Coin and seeks to raise its price as much as possible before selling it. This may be a result of the period when he began posting tweets supporting Dodge, only to find himself involved in a large amount of money after its price fell.
- Maintaining his supportive position for Dodge Coin so as not to appear manipulative.
So let's say that either way is probably just a temporary position. the final goal is always dumping all the coins. And to be honest it couldn't be otherwise, there is not a single reason to keep accumulating Doge. I understand he's so rich that probably he doesn't even know how much money he has but at the end of the day he's a business man (among many other things) so I don't think he likes losing money.
legendary
Activity: 3234
Merit: 1214
DGbet.fun - Crypto Sportsbook
Very interesting choice so if it is the choice to go with there you can assume his other companies are next.
So we can see twitter accepting it as a source of payment soon as well.
Maybe I'm missing something, I mean, for sure I'm missing something because I keep not understanding why Musk is accepting Dogecoin over bitcoin. Dogecoin is nice if you want to tip someone online, but accepting it as a payment for something very expensive like a car? Unless the plan is to hype it up, as usual, and then sell everything. Same old story but people keep following any weird message from this guy...
Personally, I thought the exact opposite, because Elon Musk had in a previous period sold all his bitcoin savings to complete the Twitter purchase deal, and it would be better for him to continue accepting bitcoin payments for the sale of Tesla cars.
I think there are two possible explanations for this action:
- Elon Musk still owns a significant amount of Dodge Coin and seeks to raise its price as much as possible before selling it. This may be a result of the period when he began posting tweets supporting Dodge, only to find himself involved in a large amount of money after its price fell.
- Maintaining his supportive position for Dodge Coin so as not to appear manipulative.
He's an unpredictable person. Now the competence from threads would've been a major blow, soon we can see him on the cryptocurrency market. Initially he came for his products and not for bitcoin. Once again this can happen during these days. In between he supported dogecoin and manipulated the growth. Thats a big favour from him to the dogecoin holders.
hero member
Activity: 2338
Merit: 757
Top-tier crypto casino and sportsbook
Very interesting choice so if it is the choice to go with there you can assume his other companies are next.
So we can see twitter accepting it as a source of payment soon as well.
Maybe I'm missing something, I mean, for sure I'm missing something because I keep not understanding why Musk is accepting Dogecoin over bitcoin. Dogecoin is nice if you want to tip someone online, but accepting it as a payment for something very expensive like a car? Unless the plan is to hype it up, as usual, and then sell everything. Same old story but people keep following any weird message from this guy...
Personally, I thought the exact opposite, because Elon Musk had in a previous period sold all his bitcoin savings to complete the Twitter purchase deal, and it would be better for him to continue accepting bitcoin payments for the sale of Tesla cars.
I think there are two possible explanations for this action:
- Elon Musk still owns a significant amount of Dodge Coin and seeks to raise its price as much as possible before selling it. This may be a result of the period when he began posting tweets supporting Dodge, only to find himself involved in a large amount of money after its price fell.
- Maintaining his supportive position for Dodge Coin so as not to appear manipulative.
legendary
Activity: 2576
Merit: 2880
Catalog Websites
Very interesting choice so if it is the choice to go with there you can assume his other companies are next.
So we can see twitter accepting it as a source of payment soon as well.
Maybe I'm missing something, I mean, for sure I'm missing something because I keep not understanding why Musk is accepting Dogecoin over bitcoin. Dogecoin is nice if you want to tip someone online, but accepting it as a payment for something very expensive like a car? Unless the plan is to hype it up, as usual, and then sell everything. Same old story but people keep following any weird message from this guy...
legendary
Activity: 2828
Merit: 1497
Join the world-leading crypto sportsbook NOW!
I'm not here to defend Elon Musk but all I can say is this man is already successful man and Tesla company is doing so fine even before he almost start talking about Doge coin so we can't say that it is because of crypto that makes Tesla and SpaceX a successful.

Elon Musk is a very smart man right from day one and whatever he get is hand on always work successfully that is why I keep laughing at those that believe that he failed acquiring Twitter platform I believe that he have a perfect plan for Twitter and that social network is going to be one of the best place for people to market their products online and still have fun chatting with friends and family because I Believe Elon musk is going to implement crypto payment very soon probably after bitcoin halving or the next bull market.

This will shocked the whole world and it will also bring in more money into crypto, Doge coin will become great again, even if every person that prefers Bitcoin hates Doge coin.
I believe you were on to something with this statement days ago since that is exact what Elon Musk thought too with this move today which was announced by Tesla getting rid of bitcoin as a payment and having dogecoin as the preferred method instead:

https://u.today/tesla-removes-bitcoin-but-keeps-dogecoin-doge-as-payment-option

Very interesting choice so if it is the choice to go with there you can assume his other companies are next.
So we can see twitter accepting it as a source of payment soon as well.
full member
Activity: 2268
Merit: 121
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
the advantage of being a big businessman [billionaire] that he has, coupled with his activeness on social media, has made him always the center of attention in every move he makes. no wonder when he started maneuvering for coin doge it has made doge increase in price even though doge is just a meme ooin. his interest in crypto is greater because he really wants to be able to give impetus to his main business [tesla, spaceX] so that it can be recognized and there is ease in getting the injection of funds that might be needed. I doubt that he really wants to master crypto where in the past he bought Twitter instead of adopting or taking over Doge, but he is indeed very difficult to predict what will be done later. it is possible that he will do something about crypto in the future.
member
Activity: 402
Merit: 45
I think Elon Musk can fit in both worlds because we know that Elon is popular in both topics, whether it is crypto or tech company, While Tesla and SpaceX are just a part of Elon Musk's Bigger real-world empire of technologically advance businesses because of that IMO, Elon can be fit anywhere because of his popularity. he is capable to hype anything and put the topic on the mainstream that was the power of popularity and money and Elon Musk has possessed both.

Yeah, I believe Elon is for crypto for both aforementioned reasons. 
He is the biggest tech millionaire right now,  all his companies are tech companies that focus on technological innovation in specific areas so it would be a surprise if a person like that who is relatively young is against crypto. 
Also, Elon is a billionaire,  these guys don't do anything like this that is not a calculated move.  The way I see it,  it's a win-win situation for him.  He has become very popular in the crypto community and that also puts his companies in the spotlight too. 

I believe Elon Musk is going to be at the top for a very long time because he understands the market and trends and knows exactly how to be dynamic to fit in perfectly and remain at the top.

Elon Musk always manages to be on the agenda with his many moves. The whole world sees his connection to crypto and what he is doing. He never gives up on crypto and continues to be interested in crypto. Because technology is what makes him a billionaire. Bitcoin is the most valuable product of the technological age. We cannot separate these two.

I'm not sure he did what he did just to strengthen his own companies. But I know Elon loves crypto. I just don't think it looks like he likes crypto for his companies.

Don't forget that he is one of the founders of PAYPAL. This was before Tesla.
sr. member
Activity: 812
Merit: 315
Vave.com - Crypto Casino
I'm not here to defend Elon Musk but all I can say is this man is already successful man and Tesla company is doing so fine even before he almost start talking about Doge coin so we can't say that it is because of crypto that makes Tesla and SpaceX a successful.

Elon Musk is a very smart man right from day one and whatever he get is hand on always work successfully that is why I keep laughing at those that believe that he failed acquiring Twitter platform I believe that he have a perfect plan for Twitter and that social network is going to be one of the best place for people to market their products online and still have fun chatting with friends and family because I Believe Elon musk is going to implement crypto payment very soon probably after bitcoin halving or the next bull market.

This will shocked the whole world and it will also bring in more money into crypto, Doge coin will become great again, even if every person that prefers Bitcoin hates Doge coin.
full member
Activity: 406
Merit: 188
I think Elon Musk can fit in both worlds because we know that Elon is popular in both topics, whether it is crypto or tech company, While Tesla and SpaceX are just a part of Elon Musk's Bigger real-world empire of technologically advance businesses because of that IMO, Elon can be fit anywhere because of his popularity. he is capable to hype anything and put the topic on the mainstream that was the power of popularity and money and Elon Musk has possessed both.

Yeah, I believe Elon is for crypto for both aforementioned reasons. 
He is the biggest tech millionaire right now,  all his companies are tech companies that focus on technological innovation in specific areas so it would be a surprise if a person like that who is relatively young is against crypto. 
Also, Elon is a billionaire,  these guys don't do anything like this that is not a calculated move.  The way I see it,  it's a win-win situation for him.  He has become very popular in the crypto community and that also puts his companies in the spotlight too. 

I believe Elon Musk is going to be at the top for a very long time because he understands the market and trends and knows exactly how to be dynamic to fit in perfectly and remain at the top.

Elon Musk always manages to be on the agenda with his many moves. The whole world sees his connection to crypto and what he is doing. He never gives up on crypto and continues to be interested in crypto. Because technology is what makes him a billionaire. Bitcoin is the most valuable product of the technological age. We cannot separate these two.

I'm not sure he did what he did just to strengthen his own companies. But I know Elon loves crypto. I just don't think it looks like he likes crypto for his companies.
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