Topic: Elon musk is for crypto or just for attention to boost Tesla, SpaceX? - page 4. (Read 6547 times)
August 25, 2023, 03:03:35 PM
You got fantastic point. Actually i also not sure about Elon Musk thinking. I think Both are thinking Elon Musk. We saw many times Elon Musk Twitted about Doge coin and within short time Bitcoin price moves huge. So then doge coin price up.? And we know Elon Musk is a successful business man. So he can think different things. I think bow he love cryptocurrency very much. And he was bought big amount of Bitcoin in 2021 But recently he was sold all coin for urgent need. Although we see Elon Musk bough Twitter so he will use it for advertise it is normal. Elon musk is for crypto for attention to boost Tesla, SpaceX.
August 23, 2023, 11:55:45 PM
@Nwada001. Similar to what I have said yesterday, everything about dogecoin might begin in X. Elon appears to have a bigger agenda for dogecoin in his ecosystem of businesses.
This speculation will be confirmed if the dogecoin development team agrees to the proposal to switch from proof of work to proof of stake.
X is a dog & Doge friendly place!
Source https://twitter.com/elonmusk/status/1694255122409234470
This speculation will be confirmed if the dogecoin development team agrees to the proposal to switch from proof of work to proof of stake.
X is a dog & Doge friendly place!
Source https://twitter.com/elonmusk/status/1694255122409234470
August 23, 2023, 07:39:26 PM
All I could say about Elon Musk is that he is a businessman and all he cares about is how he can make profit, what can he do to make those profits, and all of that. Elon's strong support for Shit coins is that he can have a very strong holding of those shit coins, Dogecoin to be precise. From the beginning, when he started promoting Dogecoin, the price pumped beyond people's expectations, and profit was really made out of it for those who were holding large amounts of it.
So his recent actions towards selling all their bitcoin holdings and not selling out any of their Dogecoin can also be seen as another means of telling the world that they are still with Dogecoin and its remains. If he can succeed with his plan, then he can be sure of taking out some huge profit again anytime soon if the Doge price pumps up a bit, and a few millions, if not billions, will be added to his net worth.
So his recent actions towards selling all their bitcoin holdings and not selling out any of their Dogecoin can also be seen as another means of telling the world that they are still with Dogecoin and its remains. If he can succeed with his plan, then he can be sure of taking out some huge profit again anytime soon if the Doge price pumps up a bit, and a few millions, if not billions, will be added to his net worth.
August 23, 2023, 01:13:52 AM
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.
You have an interesting position in relation to Ilona. It may be true about entrepreneurship, but this world can be incredibly harsh. Force majeure circumstances can happen to this person at any time. What to do then? Who will run all these companies? After all, not all of his relatives have a predisposition to this. What will happen to all this finance? It seems to me that not everything is as clear as you write.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.
Yes, Musk has crypto in his accounts, but he is not going to keep it forever. The right moment will come for him and he will throw everything off. The market will, of course, react to such an event, but then everything will return to its previous course. This has happened more than once. Therefore, there is no point in believing in him like that. Everything has some measure.
August 23, 2023, 01:01:21 AM
Here is an advertisement from the language on the banner could be in China on a BTC atm of Elon and his favorite coin, Doge.
source: https://mashable.com/article/tesla-bitcoin-dogecoin
But it is speculated he had sold most of one or all of his companies bitcoins in recent months.
One can only take a guess at this point in time as his X platform is wanting to come up with a payment system of their own.
But which cryptocurrency will they eventually choose?
Could be they will end up doing what paypal has done and come up with their own stablecoin and use this instead.
source: https://mashable.com/article/tesla-bitcoin-dogecoin
But it is speculated he had sold most of one or all of his companies bitcoins in recent months.
One can only take a guess at this point in time as his X platform is wanting to come up with a payment system of their own.
But which cryptocurrency will they eventually choose?
Could be they will end up doing what paypal has done and come up with their own stablecoin and use this instead.
Elon was quoted in social media that says the most entertaining outcome is the most likely and he also continued with as seen from an external observer, not the participants.
We cannot be quite certain what he was telling everyone by saying this, however, it might imply something about Dogecoin. It would be very head scratching if he can make this joke pump to be in top 5 of the cryptospace.
August 22, 2023, 07:59:45 PM
Here is an advertisement from the language on the banner could be in China on a BTC atm of Elon and his favorite coin, Doge.
source: https://mashable.com/article/tesla-bitcoin-dogecoin
But it is speculated he had sold most of one or all of his companies bitcoins in recent months.
One can only take a guess at this point in time as his X platform is wanting to come up with a payment system of their own.
But which cryptocurrency will they eventually choose?
Could be they will end up doing what paypal has done and come up with their own stablecoin and use this instead.
source: https://mashable.com/article/tesla-bitcoin-dogecoin
But it is speculated he had sold most of one or all of his companies bitcoins in recent months.
One can only take a guess at this point in time as his X platform is wanting to come up with a payment system of their own.
But which cryptocurrency will they eventually choose?
Could be they will end up doing what paypal has done and come up with their own stablecoin and use this instead.
August 22, 2023, 04:07:25 PM
In my honest opinion, I do not think he is really meant to be in this space. Although it's just a rumor that SpaceX has sold of their Bitcoins (but Evergrande is the main possible catalyst), I honestly think he is just only for attention.
We do appreciate the time that he hyped Bitcoin and made it to almost $70k thanks to his all-out support in DOGE. But I think he's not really meant to be in this space but we can't stop him from making decisions on his own like buying BTC at the dip and selling it high.
We do appreciate the time that he hyped Bitcoin and made it to almost $70k thanks to his all-out support in DOGE. But I think he's not really meant to be in this space but we can't stop him from making decisions on his own like buying BTC at the dip and selling it high.
I think celebrities like Elon play a key role in the spread of crypto. We all know how much advertising money is paid to promote something in the world. I won't go into the benefits of advertising at length here. Elon is promoting Bitcoin. Elon is buying and selling Bitcoin. All of this is good for Bitcoin. Nobody is telling us to buy Bitcoin high and sell it low.
As a result, advertising is useful and important for mass dissemination.
August 19, 2023, 09:33:20 AM
We do appreciate the time that he hyped Bitcoin and made it to almost $70k thanks to his all-out support in DOGE. But I think he's not really meant to be in this space but we can't stop him from making decisions on his own like buying BTC at the dip and selling it high.
He not only hyped up bitcoin for his own purposes but is known to do this for anything he is trying to garner attention too.Especially toward his companies SpaceX/Tesla/Twitter now all under one company name X.
https://kansasreflector.com/2023/08/19/what-elon-musk-and-mark-zuckerbergs-canceled-cage-match-says-about-masculine-anxiety
August 19, 2023, 03:48:45 AM
In my honest opinion, I do not think he is really meant to be in this space. Although it's just a rumor that SpaceX has sold of their Bitcoins (but Evergrande is the main possible catalyst), I honestly think he is just only for attention.
We do appreciate the time that he hyped Bitcoin and made it to almost $70k thanks to his all-out support in DOGE. But I think he's not really meant to be in this space but we can't stop him from making decisions on his own like buying BTC at the dip and selling it high.
We do appreciate the time that he hyped Bitcoin and made it to almost $70k thanks to his all-out support in DOGE. But I think he's not really meant to be in this space but we can't stop him from making decisions on his own like buying BTC at the dip and selling it high.
August 18, 2023, 08:10:52 AM
The bitcoin market really dumped alot since even when FTX was dragging it down when it's dirty business dealings got revealed.
This is what everybody is saying is the cause of the recent price spike to the downward spiral:
https://www.wsj.com/tech/behind-the-curtain-of-elon-musks-secretive-spacex-revenue-growth-and-rising-costs-2c828e2b
The very last paragraph where it states that SpaceX had sold it's bitcoin they had reported on their balance sheet a year ago is no longer holding it.
This shouldn't matter but it seems to have rocked all of the cryptocurrency markets for one reason or another.
This is what everybody is saying is the cause of the recent price spike to the downward spiral:
https://www.wsj.com/tech/behind-the-curtain-of-elon-musks-secretive-spacex-revenue-growth-and-rising-costs-2c828e2b
The very last paragraph where it states that SpaceX had sold it's bitcoin they had reported on their balance sheet a year ago is no longer holding it.
This shouldn't matter but it seems to have rocked all of the cryptocurrency markets for one reason or another.
August 16, 2023, 06:58:50 AM
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".
I whole heartly agree with you there @jeraldskie11With this battle between the tech giants they have everybody's attention and the world is watching.
https://twitter.com/elonmusk/status/1691541362079068162
If you two are not going to fight.. might just be better to hug it out!
https://twitter.com/ElonMuskAOC/status/1691173592904667139
On a serious note, why not fight for a prize of bitcoin or in Elon's case a bag of Doge.
August 07, 2023, 08:48:30 PM
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".
True. He can actually manipulate the market on however he prefer. Either with his money or with his reputation. It's a cool thing but could be dangerous when abused. IMO, he took advantage of his position and now making more profits because of it. He has so many followers that they would also invest on where he will go. News came out about the X company in San Francisco.
https://www.cnbc.com/2023/07/31/elon-musks-x-corp-seen-removing-giant-glowing-sign-in-san-francisco-.html?qsearchterm=elon%20musk
Talking about reputation. Despite that, there are still people who will be up against him especially if it's wrong.
Quote
Twenty-four complaints have been initiated with San Francisco’s Department of Building Inspections, a spokesman said. Those filing the complaints said the sign was put up without a permit, is unsafe, and is a nuisance. One said that its flashing lights made it hard for residents to sleep.
Let them sleep Elon. Here is Musk's response.
Quote
“San Francisco, beautiful San Francisco, though others forsake you, we will always be your friend,” Musk posted on X.
I am still waiting if Musk will try to inject cryptocurrencies in his new X company (formerly Twitter). It could boost the market of the industry if done right. They say the number of users went down because of the subscription payment but I do believe it's still a good platform for advertising business.
July 26, 2023, 06:41:36 AM
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".
July 25, 2023, 06:27:41 PM
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?
July 25, 2023, 01:43:13 PM
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
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.
July 24, 2023, 07:58:34 PM
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.
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
July 24, 2023, 06:16:13 PM
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.
July 24, 2023, 05:13:30 PM
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.
July 24, 2023, 05:08:13 PM
Elon Musk is rebranding twitter before he steps down as current CEO to his new company X.
https://www.nbcnews.com/news/us-news/twitter-rebrands-x-elon-musk-loses-iconic-bird-logo-rcna95880
https://www.cnn.com/2023/07/24/tech/twitter-rebrands-x-elon-musk-hnk-intl/index.html
Reported on youtube by multiple mass media outlets:
https://www.youtube.com/watch?v=6PeyhrgbPAY
https://www.youtube.com/watch?v=Mpw0qA2ZQZY
ABC Australia - https://www.youtube.com/watch?v=No-jVsTp4fo
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. https://www.nbcnews.com/news/us-news/twitter-rebrands-x-elon-musk-loses-iconic-bird-logo-rcna95880
https://www.cnn.com/2023/07/24/tech/twitter-rebrands-x-elon-musk-hnk-intl/index.html
Reported on youtube by multiple mass media outlets:
https://www.youtube.com/watch?v=6PeyhrgbPAY
https://www.youtube.com/watch?v=Mpw0qA2ZQZY
ABC Australia - https://www.youtube.com/watch?v=No-jVsTp4fo
July 24, 2023, 10:46:39 AM
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. 
https://twitter.com/elonmusk/status/1683378289031761920?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet
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.
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.
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