Elon Musk, only used his popularity for his own benefit. He manipulated the market so hard that, he bought doge in cheap price and sold in 100 times more price. He is a man who only care about his own profits. Bitcoins don’t need these type of cheap hypes to increase in it’s price. Btc will definitely rise when the demand for the coin increases. So yes don’t lose hope and keep holding the coins for couple of months. Let’s go Bitcoins to Moon .
Well to be fair i can't quite blame Elon Musk for any of that, of course he should care about his own pocket, so does everybody else, the people that should be blamed are investors and individuals who are so keen on following what Elon does, believing what he says and investing in projects he tries to shill. Mind you that if one falls victim to manipulation and hype, it is because the said individual has failed to do their own research, but acted only in a bid to follow the bandwagon. Having said that, Elon Musk has no control whatsoever on Bitcoin's future price, if people allow his manipulations to get to them, then i'm afaid it's all on them. 
Topic: Elon Musk is one of the keys to be 100k$ per Bitcoin? - page 3. (Read 1654 times)
-
Yeah for pure coins that have surely a utility and not a merely "a meme coin", it is not all about who shills it. This is why we have many shitcoins out there that are just staying alive from hypes and not from how it it utilized.I can't imagine how many investors were really committed to such hypes and willing to bet their money into it. Elon Musk might have been one of the memorable influencers that managed to get into crypto space, but surely that's it for him. He is not the Satoshi 2.0.
Elon can be said to be new in dealing with crypto money, he appeared last year when he bought Doge, and made the DOGE PUMP value hard, (sorry if I'm wrong). and if bitcoin goes to 100k$ it can happen without Elon's intervention i think ,
but we don't know the future
but we don't know the future
Elon Musk, only used his popularity for his own benefit. He manipulated the market so hard that, he bought doge in cheap price and sold in 100 times more price. He is a man who only care about his own profits. Bitcoins don’t need these type of cheap hypes to increase in it’s price. Btc will definitely rise when the demand for the coin increases. So yes don’t lose hope and keep holding the coins for couple of months. Let’s go Bitcoins to Moon .
Nope, Elon Musk is not one of the keys for Bitcoin to be 100k. They major keys/drivers for Bitcoin are going to be the halving event and global economy. Now if you were talking about meme coins getting a significant boost from him, i.e. Dogecoin, then yes.
that's right, no one can influence or will be the key to bitcoin bouncing back and hitting new ATHs. he is an investor, maybe a shark in the market but he is not the biggest shark in the market, if he can manipulate bitcoin alone i think a lot of whales can do the same thing. i'm really confused with what he did to the market but still a lot of people believe in him, i remember he was once sued for deliberately manipulating the doge price, causing many people to lose everything. he is also only for his own profit so always be careful with his tweets.
Nope, Elon Musk is not one of the keys for Bitcoin to be 100k. They major keys/drivers for Bitcoin are going to be the halving event and global economy. Now if you were talking about meme coins getting a significant boost from him, i.e. Dogecoin, then yes.
I do absolutely believe that Elon Musk has a major role in the price of Bitcoin reaching $100k. His social media presence and influence is proof that when he sends out a couple of Tweets people pay attention.
People also saw the price of Tesla stocks rising creating more believers and reaching more followers. His role in the crypto market has a huge impact on many of his followers that invest in Tesla.
When Elon Musk rumored that Tesla would accept Bitcoin as a means of purchasing, it was the moment I believe catapulted him in front of a new and broader audience.
Elon Musk will always be an effective crypto influencer regardless of how the people see him negatively. He’s intelligent, smart and definitely wise in all of his decisions. So it’s not surprising why even just from a single move from Elon, or just simply making a tweet about bitcoin, bitcoin price instantly create a good price increase, and most particularly with Tesla news to accept bitcoin in the past. Elon Musk though not completely good for bitcoin maybe because of his hidden desires, but it’s undeniable that he can easily create a hype for bitcoin effortlessly. People also saw the price of Tesla stocks rising creating more believers and reaching more followers. His role in the crypto market has a huge impact on many of his followers that invest in Tesla.
When Elon Musk rumored that Tesla would accept Bitcoin as a means of purchasing, it was the moment I believe catapulted him in front of a new and broader audience.
Deer friends, As all we knows that Elon is an business man he has all his team that are mastermind of finance and i 100% sure that they sold at the average rate of 40 to 50kusd per Bitcoin and now its time to buy back ,
So friend what did you learn on this huge dump if you learn a lesson then these loses are positive and if you dont believe me you are taking so many high losses in finance field ,
What did i learn from this situation ?
First thing that everyone in this field comes to make money even a person invested 10$ or Elon , So when these whales invest in this full of fluctuation market they need to make hype that many people come in market that they slowly leave it because when no one buy then how they sell their currencies , So we need to take our profits step by step without thinking that next day it will go much higher .
Second thing we learn is importance of stopless i just say without stopless you throwing your money . And friends believe me its not easy you need to immerse your-self in the trading field if you want to earn not just invest and take easy profits this happens one or how you say at least 5 times then one dump any all your profits are gone .
So friend what did you learn on this huge dump if you learn a lesson then these loses are positive and if you dont believe me you are taking so many high losses in finance field ,
What did i learn from this situation ?
First thing that everyone in this field comes to make money even a person invested 10$ or Elon , So when these whales invest in this full of fluctuation market they need to make hype that many people come in market that they slowly leave it because when no one buy then how they sell their currencies , So we need to take our profits step by step without thinking that next day it will go much higher .
Second thing we learn is importance of stopless i just say without stopless you throwing your money . And friends believe me its not easy you need to immerse your-self in the trading field if you want to earn not just invest and take easy profits this happens one or how you say at least 5 times then one dump any all your profits are gone .
Although bitcoin doesn't need Elon Musk to be successful on having a much higher price. I think popular person like him might help the price of bitcoin especially he had a significant impact on doge coin in the past, so he may still be able to generate some market hype, but this may only result in a brief pump given the situation right now in various countries, which include inflation and economic crisis, all of which make it difficult for the market to recover and begin a new pump.
Do you think Elon Musk is one of those who will push the price of bitcoin up to reach 100k$ each when the bull run comes?
Your opinion is much appreciated
Until now, I still haven't believed if Elon Musk didn't sell his bitcoin, because he is a businessman very well knows how to manage money. I believe he sold out his bitcoin at ATH $60K because at that time his wealth increased significantly. So, if someone still follows what he bought, no, open your mind now, and move on it asap, he is very good to affect you.Your opinion is much appreciated
He hasn't sold his bitcoin yet, in a recent Tesla report they still have bitcoin and haven't sold it. The sale of bitcoins or assets by large companies like Tesla or MicroStrategy as far as I know must be communicated to the shareholders and must be listed in the company's quarterly report. They don't have the right to arbitrarily sell bitcoin like us retail investors so can't say they have sold out of bitcoins. He like us, is an investor and cannot predict what tomorrow's market will be like.
Do you think Elon Musk is one of those who will push the price of bitcoin up to reach 100k$ each when the bull run comes?
Your opinion is much appreciated
Until now, I still haven't believed if Elon Musk didn't sell his bitcoin, because he is a businessman very well knows how to manage money. I believe he sold out his bitcoin at ATH $60K because at that time his wealth increased significantly. So, if someone still follows what he bought, no, open your mind now, and move on it asap, he is very good to affect you.Your opinion is much appreciated
The rise in the price of bitcoin is everyone's wish for the holder of the asset.
But I don't think the influence of the bitcoin price increase will be limited to an individual, indeed Elon Musk has had a good effect on the price of crypto assets for example on Dogecoin tokens and also Elon Musk can do some manipulation in the market with his tweets, but I doubt his tweets has more effect on bitcoin and I don't think it can affect the market significantly even in the short term.
Perhaps the increase in the price of bitcoin assets will reach its peak when almost all countries provide the best access to holders of these crypto assets
But I don't think the influence of the bitcoin price increase will be limited to an individual, indeed Elon Musk has had a good effect on the price of crypto assets for example on Dogecoin tokens and also Elon Musk can do some manipulation in the market with his tweets, but I doubt his tweets has more effect on bitcoin and I don't think it can affect the market significantly even in the short term.
Perhaps the increase in the price of bitcoin assets will reach its peak when almost all countries provide the best access to holders of these crypto assets
Do you think Elon Musk is one of those who will push the price of bitcoin up to reach 100k$ each when the bull run comes?
Your opinion is much appreciated
Until now, I still haven't believed if Elon Musk didn't sell his bitcoin, because he is a businessman very well knows how to manage money. I believe he sold out his bitcoin at ATH $60K because at that time his wealth increased significantly. So, if someone still follows what he bought, no, open your mind now, and move on it asap, he is very good to affect you. Your opinion is much appreciated
He was just defending himself with that tweet, nothing more. I doubt he would sell his bitcoins now for he will end up with a huge loss (which is literally nothing for him I guess). He is rich enough and he wouldn't need to sell his bitcoin anytime soon. He can keep on holding as long as he wants. But whatever he does, yes, it will affect the market, but temporarily. If he sells or buys or talks good or crap about bitcoin, we might see some price volatility and then will go back to normal. But, no he is not one of the keys for the price to reach $100k. And we don't even want him or anyone to be the "key". If they can bring the price to $100k, they can take it back down to $10k.
Elon Musk isn't a key factor for the next bull run and he knows it. Like any investor, he will simply take advantage of the rising market to grow his fortune. The key factor must be the halving and if we are lucky, there must be something else happening in the world meanwhile which could also boost bitcoin's price more intensively to the moon. Anyway, I think the mentioned tweet from Elon Musk is good news for bitcoin, because he isn't hostile to it at this time and that is a signal speculators are attentive regards bitcoin, possibly going for it without further announcements. So better that small investors like us are prepared holding our funds from now on.
Personally I dont think if Elon Mask or his tweeter account will eefect the price of bitcoin that much because we already saw his tweets in the past and people will not trust his tweets like before and even if his tweets effect the price I guess this effect is just going to be temporary and short-term
I think you meant "Musk" LOL
He seems to be more interested in buying Twitter than buying (more) Bitcoin.
Well, we'll see which one's value goes to the moon from now, in a couple of years.
But back to the point, the only thing those tweets will probably affect in the short term is DOGE.
I think he's more on the controlling the market side rather than buying any crypto out there just as what he does on various crypto like bitcoin and doge or even other altcoins out there.
I don't think that only dogecoin will be affected by those tweets especially that some of it has his own actions and decision which cause the market to move such as him accepting crypto payments on his company. Also, there are some people who follows the hype that Elon's tweet started which somehow affect the crypto that he mentions on short term.
Personally I dont think if Elon Mask or his tweeter account will eefect the price of bitcoin that much because we already saw his tweets in the past and people will not trust his tweets like before and even if his tweets effect the price I guess this effect is just going to be temporary and short-term
I think you meant "Musk" LOL
He seems to be more interested in buying Twitter than buying (more) Bitcoin.
Well, we'll see which one's value goes to the moon from now, in a couple of years.
But back to the point, the only thing those tweets will probably effect in the short term is DOGE.
Personally I dont think if Elon Musk or his tweeter account will eefect the price of bitcoin that much because we already saw his tweets in the past and people will not trust his tweets like before and even if his tweets effect the price I guess this effect is just going to be temporary and short-term
I don’t think Elon boy can repeat the hype again like he did early last year. There’s not going to be another guy who is going to be the next “Elon Musk” who can hype the market again.
In fact, when you have a lot of money you may be able to move this relative market. I think Elon can move market prices with the power of his money, but it definitely won't be as exciting as it was before because we know what the end goal is.I can say that hype is one thing that would bring Bitcoin and the entire crypto market back to bullish times again, but time will tell on when will it actually as it has no promises or guarantees.
There is always the opportunity to get prices higher than ever before even without the influence of institutional investors, but the truth is we need a lot of time to get there if there is no really big demand. The hype is needed, but people are starting to lose faith in people like Musk. 
He actually needs alot of Power (not lots of money) to be able to do that. Such power can be accumulated over time with honesty and good reputation obained while working or solve problems. .
The truth most people aren't aware of is that money is as valuable as how it's earned. 10btc is not equal to 10btc. If you have 10btc you deserve, it's worth more than 10btc of another owner who doesn't deserve it. The one who deserves it will move the market more.
Beware of false price movers. Some would guess when the price will move and pretend to be the ones behind the movement when it moves. Others would attribute price movements to some other things that aren't really behind the movements. I have observed this several times.
You could also move the market (without money) by solving bitcoin related problems properly.
*These are part of the mystery of Bitcoin price movement.
The truth most people aren't aware of is that money is as valuable as how it's earned. 10btc is not equal to 10btc. If you have 10btc you deserve, it's worth more than 10btc of another owner who doesn't deserve it. The one who deserves it will move the market more.
Beware of false price movers. Some would guess when the price will move and pretend to be the ones behind the movement when it moves. Others would attribute price movements to some other things that aren't really behind the movements. I have observed this several times.
You could also move the market (without money) by solving bitcoin related problems properly.
*These are part of the mystery of Bitcoin price movement.
hero member
Activity: 2660
Merit: 651
Want top-notch marketing for your project, Hire me
Well I think now he has officially moved into Twitter and even brought his own kitchen sink. Now we must wait for the price of Bitcoin to reach 100k.
https://www.youtube.com/watch?v=VogIjvdk6JY
Elon Musk is a drama king I guess this is the reason why he's friends with Kanye West. Bird of the same feather.https://www.youtube.com/watch?v=VogIjvdk6JY
About him driving the price, tell me you're just pulling our legs.
I don't think Elon Musk will be the main driver of the bitcoin price reversal to rise to $100,000, because he already tried to do it, but then Tesla sold a significant part of its bitcoin reserves, more precisely 75%, and at a loss, thus proving that they did not buy it for a long time. Of course it can have a positive impact at some stage if the market is favorable.
Is a matter of thinking because Elon Musk's influence power in the crypto space has reduced and you can justify that base on the power of his tweet about DogeCoin some months ago and how his tweet influences the market now. Besides, Bitcoin is not an altcoin that's always manipulated and I don't the $100K to happen now and in the first to second Q of next year's market. Jump to: