Elon musk is for crypto or just for attention to boost Tesla, SpaceX? - page 12.

Mr.right85

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Quote from: rdbase on November 29, 2022, 07:10:19 AM

Quote from: TungTresa on November 28, 2022, 09:55:44 PM

I remember last year he said his company was considering whether to accept bitcoin payments, then the bitcoin price went up, then he announced that he wouldn't accept bitcoin payments, then the price went down. I really suspect he's playing a trick to make money from it.

Well now it is whatever cryptocurrency he wants his companies to support then they will get these price pumps.
Doge coin has reached past $0.10 an increase of 8% within the past 24 houts and trending up since the news of wanting to find a payments system for his platform, so it is obviously in the front running of everybody who is into cryptocurrenies choice other than bitcoin.

He is wanting to take on Apple with the announcement of wanting to create in his own Tesla phone.
With all the problems they have been encountering with factory strikes and now this, it is literally the perfect time for him to say "I don't need your approval, I will just create my own resource to distribute the twitter app on my own!".

Now imagine if he solely said "I want to integrate only BTC on my platform!"

Possibly back to where we were a year ago above $50k again.

Musk has got a lot of mysteries about him and as I see it now, he can still make some coins pump. His gaining success in creating in the minds of people that, there are no alternatives as to what he decides to key into.

Like, we've got bitcoin and several altcoins but, upon Musk picking a coin, the idea of buying Tesla's products and even pay for Twitter verification with that coin standouts in our heads. Users or investors tends to forget about other traditional payment options available and seek the new medium. Best still, its a cryptocurrency and an increased demand would pump its value hence, its sort for.

Well the people who takes Musk too serious will always be there. I admire his inititiative towards money making but, he doesn't direct much to what I would do in terms of coins to own. Sole control in cryptocurrency is a bad idea as one could just dump the coin as he pleases.

fennic

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Quote from: rdbase on May 07, 2021, 05:40:39 PM

Watching the lately spot about Musk appearing on live tv this weekend for showing what all the hype is about and if he will actually have a mention of his favorite cryptocurrency doge, it seems the media are jumping all over this appearance.
https://www.youtube.com/watch?v=nWWzszskgmA

What are your thoughts about this North American appearance and what do you think he will do or say about doge or even bitcoin?
I think since Miley Cyrus is the musical guest he will have her dress up as a dog and call her doge. Cheesy

She likes cats and had dressed up as them on stage during her concerts, so you never know what these two crazy people will do on this episode.

Of course that is a right tingle that you got. I also think that he bought Twitter for 44 Billion dollars because he knows that its own single tweet can make Crypto and forex market like a Rocket. So in my opinion that by doing that he would make tons of money too.

rdbase

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Quote from: TungTresa on November 28, 2022, 09:55:44 PM

I remember last year he said his company was considering whether to accept bitcoin payments, then the bitcoin price went up, then he announced that he wouldn't accept bitcoin payments, then the price went down. I really suspect he's playing a trick to make money from it.

Well now it is whatever cryptocurrency he wants his companies to support then they will get these price pumps.
Doge coin has reached past $0.10 an increase of 8% within the past 24 houts and trending up since the news of wanting to find a payments system for his platform, so it is obviously in the front running of everybody who is into cryptocurrenies choice other than bitcoin.

He is wanting to take on Apple with the announcement of wanting to create in his own Tesla phone.
With all the problems they have been encountering with factory strikes and now this, it is literally the perfect time for him to say "I don't need your approval, I will just create my own resource to distribute the twitter app on my own!".

Now imagine if he solely said "I want to integrate only BTC on my platform!"

Possibly back to where we were a year ago above $50k again.

TungTresa

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I remember last year he said his company was considering whether to accept bitcoin payments, then the bitcoin price went up, then he announced that he wouldn't accept bitcoin payments, then the price went down. I really suspect he's playing a trick to make money from it.

rdbase

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Elon Musk shows a potential payments system over a meeting for twitter and the slides were shown on the platform by him.
Possibly doge coin was being directly linked to what this mystery payments slide could be and the price surged over the news
https://www.cryptoglobe.com/latest/2022/11/doge-price-surges-after-elon-musk-suggests-twitter-2-0-will-support-payments

The news of these future plans were described November 27th and caused the price jump of doge by 19.4%
https://cointelegraph.com/news/dogecoin-jumps-after-elon-musk-shares-glimpse-into-twitter-2-0-plans

rdbase

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^^
World's largest number of users on a platform according to this article of the most recent events which has garnering most of his attention from the number of tweets he has done within the past week.

source: https://www.coindesk.com/business/2022/11/12/elon-musk-reveals-talks-with-sam-bankman-fried-my-bullshit-meter-was-redlining
Funny thing is that the former CEO of now bankrupt FTX offered to help in the acquisition deal of twitter with him.
Yet he did not have the capital on hand to do so.

mosleya

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Quote from: virtualdn on May 08, 2021, 03:37:05 AM

This guy is looking for attention, he seems to think he is a sort of superhero, but he is not, he just got the cash and feels powerful. I'm not one of the sheep to follow Musk blindly and I'm sure many others think the same.

Musk's ultimate goal is to realize his ideals, he now not only has the world's largest number of fans and users of social media - Twitter, he also has a powerful brain, full of wisdom. Of course, in this process, he is also constantly standing on the hot spot, and he is very good at running the show. Because his ideal requires huge financial support. Dogecoin is just a tool.

rdbase

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^^
Yes but he had to end up hiring back the developers of the platform because an issue happened with the blue checkmarked accounts being able to change their names next to their profiles. A bunch of celebrities were doing this and mocking the new CEO of Twitter and he ended up banning them. It was in the news sometime over the weekend.
Just hollywood mellowdrama so not needing to post any link to it as it was just silly. But him not knowing how to get his own coders and employees to deal with the issue was funny.

Something that is not funny is this news about him flipping on the Democratic party and telling his twitter followers to vote for the other party:
https://www.reuters.com/world/us/musk-recommends-voting-republicans-us-midterm-elections-tweet-2022-11-07/

The midterm elections just ended a few days ago and they are still counting ballots.
This can swing the vote quite a bit since the margin is so close to call.
It can define what the political landscape looks like going into the next election for the next U.S president.
And you know the huge role twitter had in the last one. So this will be interesting with Elon Musk at the helm with a no censorship type person at the head of the largest platform in the world.

wavessurfing

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Quote from: rdbase on October 29, 2022, 07:04:48 AM

Musk has the ultimate soap box to garner the most attention possible:
https://www.economist.com/business/2022/10/28/elon-musk-buys-twitter-at-last

And the shakeup has began among many media outlets and even political landscapes as the election for the next American president looms very soon and Twitter being an American company this will implicate the election just as it did in the past.
Expect it will be uncensored...
Well as much as possible with Elon stating when the event finally unfolded, of course, took to twitter to say:
"The bird has been freed!".

E. has now bought Twitter for 44 MMusd and removes about 50% of its work force
source: Zerohedge.com

rdbase

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Musk has the ultimate soap box to garner the most attention possible:
https://www.economist.com/business/2022/10/28/elon-musk-buys-twitter-at-last

And the shakeup has began among many media outlets and even political landscapes as the election for the next American president looms very soon and Twitter being an American company this will implicate the election just as it did in the past.
Expect it will be uncensored...
Well as much as possible with Elon stating when the event finally unfolded, of course, took to twitter to say:
"The bird has been freed!".

Baofeng

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Quote from: rdbase on October 04, 2022, 04:47:33 PM

So now to avoid the lawsuit against him Elon Musk has agreed to buy twitter for the purposed $44bln from what was sold for over three months ago.
https://www.ign.com/articles/elon-musk-offering-to-buy-twitter-at-the-original-price

The trial date was set for October 17th, less than two weeks from now.
It seems something has tweaked his interest in the acquisition after all.

And now this reports surfaces:

Quote

Elon Musk told prospective investors in his deal to buy the company that he planned to get rid of nearly 75 percent of Twitter’s 7,500 workers, whittling the company down to a skeleton staff of just over 2,000.

Even if Musk’s Twitter deal falls through — and there’s little indication now that it will — big cuts are expected: Twitter’s current management planned to pare the company’s payroll by about $800 million by the end of next year, a number that would mean the departure of nearly a quarter of the workforce, according to corporate documents and interviews with people familiar with the company’s deliberations. The company also planned to make major cuts to its infrastructure, including data centers that keep the site functioning for more than 200 million users that log on each day.

https://www.washingtonpost.com/technology/2022/10/20/musk-twitter-acquisition-staff-cuts/

So regardless, Twitter is on a massive employee cut, 75% of it's workforce will be out of work even if Musk is going or have acquired Twitter.

So definitely it's a bad news for their employees, but I guess that is the bad side of business. Even if Musk owns Twitter, as some point he has to make some money in the beginning and recover and have to let go of his employees.

Falconer

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Quote from: Hamza2424 on October 04, 2022, 04:53:36 PM

I have a double minded answer for that 😜 actually what he do is to grab attention which he gets by his sense of Humor as By his nature. He Do Crazy things and Grab Attention what he did with the Doge haha, where are the Doge investors now well in my opinion He dont need marketing for his Tesla Products as he do it by his Actions. For the concern of crypto he knows the potential and about the future of Finance so he is building up his Place in Community which he did greatly.

I agree on the first reason, he's for crypto just as his way of getting people's attention about Tesla and SpaceX. Secondly I also think Elon Musk wants to increase his financial coffers by investing in bitcoin as well as altcoins, but it starts to attract all the interest after some of his wishes are achieved.

I didn't know Elon had a great sense of humor, but in the end people thought he did because of his madness. I think Elon is strong because of his finances, so he can do whatever he wants to do including acquiring twitter. I don't know what's next, but I'm not really interested.

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I have a double minded answer for that 😜 actually what he do is to grab attention which he gets by his sense of Humor as By his nature. He Do Crazy things and Grab Attention what he did with the Doge haha, where are the Doge investors now well in my opinion He dont need marketing for his Tesla Products as he do it by his Actions. For the concern of crypto he knows the potential and about the future of Finance so he is building up his Place in Community which he did greatly.

rdbase

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So now to avoid the lawsuit against him Elon Musk has agreed to buy twitter for the purposed $44bln from what was sold for over three months ago.
https://www.ign.com/articles/elon-musk-offering-to-buy-twitter-at-the-original-price

The trial date was set for October 17th, less than two weeks from now.
It seems something has tweaked his interest in the acquisition after all.

rdbase

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Quote from: Imran232 on September 09, 2022, 12:52:26 PM

Quote from: rdbase on May 07, 2021, 05:40:39 PM

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What do you think? Is it possible for us to predict or guess the Elon Mask's next step? If it was possible, then obviously he is not the elon mask you know. He is the person whose thoughts are impossible to know. Now if you ask us what Elon's plan is with Bitcoin and Crypto, he is just doing all the things to get attention and boost his products like Tesla and SpaceX. Well, what I think is that it's not about only Tesla or Spacex, he is all about running and planning for profit. When he believes it is time to profit from crypto, he comes and begins his games with crypto and market manipulation. With cryptocurrency, he achieves two goals: he becomes controversial and generates buzz for his product; what we call "negative marketing" is a form of marketing. That's my overall opinion. Thank you.

His next step was a strategy that looked to have worked out in his favor from the last bit of news to make way on this saga regarding him taking over twitter.
The shareholders are wanting to take his offer now.
https://www.cnn.com/2022/09/13/tech/twitter-elon-musk-deal-shareholder-vote/index.html
They were ready to sue for damages but instead will accept his $44bln acquisition bid.
Looks like the chess match he was playing with the board directors really did pay off in the long run.

Whiteness

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Quote from: ObscurePen on August 28, 2022, 08:31:05 PM

Musk is just for Tesla and SpaceX. He has concerns over Bitcoin because of the greenhouse emissions emitted when mining Bitcoin. I think that is why he like DOGECOIN. Musk will not support Bitcoin for sure.

did he said anything to confirm this statement? I always thought he's just joking and trolling about Dogecoin. I still think he's not serious about it. he might have invested in dogecoin but for him throwing some million dollars is not a big deal. and this was a good investment for him considering if he invested in dogecoin at right time.

Imran232

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Quote from: rdbase on May 07, 2021, 05:40:39 PM

<.......................>

What do you think? Is it possible for us to predict or guess the Elon Mask's next step? If it was possible, then obviously he is not the elon mask you know. He is the person whose thoughts are impossible to know. Now if you ask us what Elon's plan is with Bitcoin and Crypto, he is just doing all the things to get attention and boost his products like Tesla and SpaceX. Well, what I think is that it's not about only Tesla or Spacex, he is all about running and planning for profit. When he believes it is time to profit from crypto, he comes and begins his games with crypto and market manipulation. With cryptocurrency, he achieves two goals: he becomes controversial and generates buzz for his product; what we call "negative marketing" is a form of marketing. That's my overall opinion. Thank you.

amishmanish

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I guess Elon Musk is a entrepreneur who is not shy of taking risks. He has been in crypto as he know there is something going on in crypto space that can actually help him make good profits. But yes if some one like him promotes crypto, it gives a lot of confidence to common investors.

Mr. Magkaisa

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- All I know is that Elon Musk is a rich man and also an influential businessman in the business world.
He is a very popular person, and no matter what crypto token he endorses, even if it has no value in the market, he will surely be able to increase the value in the market even if it is temporary.

Because I remembered when he just posted a short message on dogecoin, the price of dogecoin suddenly pumped up in the market, and even the Shiba Inu did the same.

It means that if other tokens can increase the value and have many community investors, how much more can Tesla and SpaceX.

Osteoid

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I don't think one affects the other in any way. Yes, Elon Musk is a proponent of bitcoin and other cryptocurrencies, but he also considers his finances, investors, and shareholders, just like any other CEO or a business owner. Personally, I don't see any competing interests or anything similar here. Everything makes sense and is clear. Well, it is only healthy to be envious when he succeeds in doing both.

Topic: Elon musk is for crypto or just for attention to boost Tesla, SpaceX? - page 12. (Read 6613 times)