Elon Musk is one of the keys to be 100k$ per Bitcoin? - page 5.

arwin100

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Quote from: mich on October 17, 2022, 03:38:00 AM

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.

Indeed. We can't just simply set aside his strong influence in social media that can make a huge change in the market trend. In fact, we have witnessed it upon doing this to Dogecoin and he can possibly do it to Bitcoin and much more if he owns Twitter. He might not move the market alone but the help of his believer makes it possible. Well, I guess, people will be happy if that will happen as they can benefit from it, especially those who buy Bitcoin below $20k.

The one we see that their influence really move the market but for short term only because they manipulate it to the extent that many people lose their money because they believe that their participation is for long term. But unfortunately they got liquidated or been experience a paper loss since the influential entity they follow do some nasty action after they take their profits.

Shaha98

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Elon Musk is a great investor. Invested huge amount in bitcoins but he sold them at one point and the price of bitcoins went down a bit. He was personally investing in altcoins which did not bode well later. But if he invests bitcoin now in present then bitcoin can give some movement which will be of great benefit later.

Mauser

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Quote from: Mr. Magkaisa on October 11, 2022, 07:22:59 AM

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?

We all know about the power of Elon Musk in the crypto community, one positive or negative tweet from him can send a coin flying. Personally I think he has too much power and I didn't like what he did with tesla any bitcoins, first accepting 1 btc for one car and then stopping with bitcoins all together. One person alone shouldn't be able to influence market so strongly. I really hope that the crypto investors became more autonomous and don't follow every word Elon Musk tweets. It's only a matter of time for bitcoins to break the 100,000 USD level, but I hope it's not due to Elon Musk pushing bitcoins. Because if we be changes his mind than he could send the price back down very quickly again. Hopefully long term we will reach a more stable price for bitcoins that is not going to fall largely because one person is selling a large position.

mich

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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.

worle1bm

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This is the thing that people still believe he has the ability to move prices up or down with his fingers by playing tweet games but that's not the case because prices will depend on demand and supply not on a single influential person.Moreover he has lost his image in the previous cycle and now btc prices don't fluctuate under his manipulative tweets.

We can go to $100k but in long term and with holding your coins without any fear and undertaking the responsibility not to come under influence of someone to buy/sell your coins always DYOR.

Yaunfitda

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Quote from: Ziskinberg on October 13, 2022, 09:21:48 AM

Quote from: Bazzu on October 13, 2022, 08:09:57 AM

indeed Elon Musk is very influential because his words are always heard and discussed, and indeed I think it could be because Elon's words will make bitcoin prices increase, but in my opinion it's only a small part, because I think most of it makes bitcoin prices fly high is, world economic factors. if the world economy is advanced, surely there will be a lot of investment in bitcoin, and eventually the price of bitcoin will go up greatly, but if the world economy goes down there will not be many people who invest, even many will sell their bitcoins, and will use them for their daily needs them and finally the price of bitcoin can go down greatly, because if the economic factor collapses, of course the first will prioritize daily needs and needs.

He was known and very influential because of his words and the way he talks to the public, he is really enticing with huge ambitions and sometimes, unrealistic things come out of his mind. Yes, he can do and influence in social media but it was different in crypto. Might say he holds a lot of Bitcoin but it was no enough to move it high as bullish. No, there is limitations to that and I believe that Elon Musk is not too capable of moving it.

Yes, he could have a lot of bitcoin holdings, but we all know that he sold some already, but maybe there are still a lot in his wallet. And with that said, I don't think he will be too big for bitcoin, or at least move it to be very bullish in the next bull run.

The whole ecosystem will have to work in unison again to push it to new all time high in 2024-2025, and not just one person or one billionaire like Elon Musk. And I think his influence to bitcoin market is not that huge as compare when he was just starting here.

yohananaomi

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It is true that Elon Musk is the richest man in the world, but I never think that Elon Musk is the key to Bitcoin becoming 100k dollars. If Elon Musk creates a hype about Bitcoin in the crypto market again, maybe Bitcoin can pump a bit but not reach $100k. There is a cycle for bitcoin price rise and fall it will make new ATH again according to its cycle at the right time .which has been seen many times in the past.

I can probably say what you're saying is true mate, Elon Musk won't be able to do that. if indeed Elon Musk is able, it is clear that when bitcoin experiences a prolonged correction, he can intervene so that bitcoin does not experience that, but the fact is that bitcoin continues to be corrected so far and does not look like it will make any significant movement to increase.
Elon Musk's actions by creating hype obviously won't have any impact because bitcoin is indeed entering a bear market and it's clear that bitcoin is already in a situation that will be experienced by bitcoin. even though later when you enter the bull market, it will happen by itself and no action is needed from an elon musk.
ATH will be reached after the halving period is sure to reach 2x the previous ATH, now just be patient to wait.

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Quote from: Bazzu on October 13, 2022, 08:09:57 AM

indeed Elon Musk is very influential because his words are always heard and discussed, and indeed I think it could be because Elon's words will make bitcoin prices increase, but in my opinion it's only a small part, because I think most of it makes bitcoin prices fly high is, world economic factors. if the world economy is advanced, surely there will be a lot of investment in bitcoin, and eventually the price of bitcoin will go up greatly, but if the world economy goes down there will not be many people who invest, even many will sell their bitcoins, and will use them for their daily needs them and finally the price of bitcoin can go down greatly, because if the economic factor collapses, of course the first will prioritize daily needs and needs.

He was known and very influential because of his words and the way he talks to the public, he is really enticing with huge ambitions and sometimes, unrealistic things come out of his mind. Yes, he can do and influence in social media but it was different in crypto. Might say he holds a lot of Bitcoin but it was no enough to move it high as bullish. No, there is limitations to that and I believe that Elon Musk is not too capable of moving it.

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Quote from: Mr. Magkaisa on October 11, 2022, 07:22:59 AM

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- Good day to all my friends here on this forum, based on what you can see in the picture the two @Dave Portnoy and @Elon Musk had a short conversation about their Bitcoin holdings. And Elon Musk did mention that there hasn't been any bitcoin for sale since he bought it. Is the question true that Musk mentioned that he posted on the Twitter platform?

In addition to this, many of us in this industry community know that the price of bitcoin will increase by around 100k$ or more, there is just no certain day and year when it will happen. Also, we don't even know how many bitcoins Elon Musk holds, but he is one of the biggest holdings of bitcoins in the world today.

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

Source : https://cointelegraph.com/news/i-have-not-sold-any-of-my-bitcoin-elon-musk

When it comes to the world of crypto and its potential value, there's no denying that Elon Musk is one of the biggest players in the game. From his investments in Bitcoin to his recent statement about accepting it as payment for Tesla cars, there's no doubt that Musk's involvement has helped contribute to the rising value of Bitcoin. But is he really the key to reaching a value of 100k$ per coin? It's hard to say for sure. The crypto market is inherently unpredictable, and it's important for investors to remember that it's still a form of gambling. Ultimately, only time will tell whether or not Musk and his actions will have a massive impact on crypto markets. But one thing is certain: his involvement has certainly added an exciting element to the world of crypto.

Bazzu

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indeed Elon Musk is very influential because his words are always heard and discussed, and indeed I think it could be because Elon's words will make bitcoin prices increase, but in my opinion it's only a small part, because I think most of it makes bitcoin prices fly high is, world economic factors. if the world economy is advanced, surely there will be a lot of investment in bitcoin, and eventually the price of bitcoin will go up greatly, but if the world economy goes down there will not be many people who invest, even many will sell their bitcoins, and will use them for their daily needs them and finally the price of bitcoin can go down greatly, because if the economic factor collapses, of course the first will prioritize daily needs and needs.

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Quote from: Mr. Magkaisa on October 11, 2022, 07:22:59 AM

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?

Bitcoin is not completely determined by one person, Elon Musk has a selling point for his character, he is able to play a role in the promotion field, so Dogecoin can reach a high price, although the following month it returns to its usual price, but we must understand bitcoin is different from Dogecoin.
The role of Elon Musk is likely to be as accomplished as you say, but this long process is not defined only with the character of Elon Musk.

EdenHazard

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Just because elon says he is hodling still , doesn't mean he is.

it could be that he is trying to convincing as much as people he could reach to stay hodling while he is selling piece by piece of bitcoin so the price won't get too low even deeper. thats a tricky one , a man like elon alwas had an unexpected move , beware just bewarre on listening to his crap tweet.

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Quote from: skarais on October 12, 2022, 12:34:24 PM

No, Elon Musk is not the key to bitcoin hitting $100K in the future. Elon could have invested in bitcoin, support it, or whatever he wanted, but he wasn't a custodian of around $100K ATH. Elon had created hype in the bitcoin market before by adopting it for Tesla, but in the end Tesla no longer accepted bitcoin as a means of payment causing the price to down.

But I don't know, if Elon Musk really wants to support bitcoin then of course he won't sell more of his holdings for profit. He repeatedly stated he didn't sell everything, but who knows.

It would always boils down on the entire community and not just on a single entity.Musks might be a billionaire but doesnt mean that he could really push up the price upto 100k.You should consider the overall
cap of Bitcoin and he cant really just pour all of his money on just tending to make the market going into that level.It wouldnt really be that enough.Also, people arent already that confident
on trusting on what Elon would be potentially be saying.We've seen on how this dude did really make a mess back in the past.I dont know if he would still make significant
words which people would really be believing on him after all the things he had done.

ajiz138

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Quote from: skarais on October 12, 2022, 12:34:24 PM

No, Elon Musk is not the key to bitcoin hitting $100K in the future. Elon could have invested in bitcoin, support it, or whatever he wanted, but he wasn't a custodian of around $100K ATH. Elon had created hype in the bitcoin market before by adopting it for Tesla, but in the end Tesla no longer accepted bitcoin as a means of payment causing the price to down.

But I don't know, if Elon Musk really wants to support bitcoin then of course he won't sell more of his holdings for profit. He repeatedly stated he didn't sell everything, but who knows.

He's not the only person to influence Bitcoin to reach ATH even I'm not sure he can do that to Bitcoin except to create hype back in altcoins well maybe I believe it, I only believe in Bitcoin cycles that become history which will increase every time this not influenced by Elon Musk but there are other factors that make me believe Bitcoin can be influenced but it's not about individuals.

Maybe I believe about the ownership of Bitcoin in his wallet which is owned by Elon Musk I just suspect he still holds Bitcoin until now but has never been mentioned again about his closeness to Bitcoin, maybe he is holding back his tweet not to post Bitcoin again.

But believe me Elon Musk is not the controller over Bitcoin reaching ATH to the price of $100,000.

skarais

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No, Elon Musk is not the key to bitcoin hitting $100K in the future. Elon could have invested in bitcoin, support it, or whatever he wanted, but he wasn't a custodian of around $100K ATH. Elon had created hype in the bitcoin market before by adopting it for Tesla, but in the end Tesla no longer accepted bitcoin as a means of payment causing the price to down.

But I don't know, if Elon Musk really wants to support bitcoin then of course he won't sell more of his holdings for profit. He repeatedly stated he didn't sell everything, but who knows.

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Quote from: Wapfika on October 11, 2022, 08:16:33 AM

He gives a huge impact in Doge before, so he might still be able to have some hype in the market but it may only lead into littele pump in a limited amount of time since there are many happenings now in different countries war, economic crisis, inflation and recession that makes hard for market to recover and starts a new pump. If Elon will announce something about Bitcoin that highlights the advancement of crypto that can hype investors to invest again in bitcoin then it will be a big help to increase BTC price diring this bear season but not that high.

Did you know that if one person controls the Bitcoin market just because they want to see $100K then I think there will be a lot of resistance and disliking of how Bitcoin becomes a hotbed for pump dump games like Elon did with Doge? Maybe you know how Hype Doge brings up a lot of pros and contracts that have almost no losses while there are many who gain. I'm sure Satoshi also disagrees that Bitcoin is ultimately just a place for price speculation whereas adoption requires something that is safe from crazy dumps like Doge.

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Quote from: carlfebz2 on October 11, 2022, 03:23:22 PM

Quote from: nara1892 on October 11, 2022, 02:52:53 PM

This is actually true because it is possible for a few years before this he was still very influential especially with his tweets which always make a lot of changes but that only applies to altcoins not to bitcoin because bitcoin is different and even though he has money and time it's still for this bitcoin still out of control in my opinion.
Especially for now apart from his admirers, there are also a lot of people who hate him because indeed with his tweets he sometimes makes quite crazy manipulations in altcoins.

He might be that relevant back in the past but now majority of the crypto community doesnt really believe on him anymore.Its true that it is because into those manipulative acts and tweets that he had done in the

past.I cant really blame on why the community would really be having that kind of impression.Its true that he cant really make Bitcoin hit up on $100k.He might be able to make out some influence

but not really that much effective compared as before.The community isnt really that dumb not to fall on the second time or into these manipulative acts.Whether he is really doing it truly and sensibly but cant be
avoided on someones mind to hesitate on whatever things spits out into his mouth.

The reason most of those who are still at Elon Musk is because they really want to make profit for themselves not about relevant issues or not because indeed he has the time and most of them are still naive for beginners who are in Crypto by wanting something Instant like Doge which he pumps crazily.
His current condition is difficult because when you look at previous events, it's clear that many people, including beginners, sometimes don't believe in Elon, so there's really no reason for him to continue to manipulate him.
Right now we can't blame anyone, but especially for new investors, at least this can be a lesson because everyone wants profit and don't trust anyone too much, even if it's a billionaire.

Leviathan.007

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The effect of people like Elon Musk is something we already saw in the market years ago when they stopped accepting bitcoin for buying tesla cars, first, they accepted that and we saw the positive effect and then they stopped accepting bitcoin, so we cannot play in their field and get into their game also Elon Musk and these effects are usually temporary and won't affect the price of bitcoin in long term for the bitcoin holders. That's why I think that's not a wise idea to buy or sell just because of a tweet from someone like Musk.

cheezcarls

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I don’t think so. The Elon boy hype is already over and there’s no way he can create another big hype for Bitcoin to reach $100k. And also I do not think there would be the next “Elon boy” who can step up to the plate to make BTC go to the moon again.

There will be several factors and reasons later on if ever BTC goes pumping once again. But I still believe that after the next halving BTC would rise again, it’s just that we have to be prepared to expect the unexpected. No guarantees or promises here.

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Quote from: Issa56 on October 11, 2022, 04:40:28 PM

It was tweeted last year, but to be honest, Elon musk is not really having good intention for bitcoin, he is just manipulating the market, but I think he is becoming less relevant in crypto space, people don't really follow what he say again. I was expecting massive dump in bitcon when he said he sold 75% of his bitcoin holding, actually it affected the market but the impact was not as I expected, Elon musk is just joking with our emotions, we all have to know that he is not having good intention so we just have disregard all what he says. We don't want anybody to have impact of bitcoin price pumping or dumping, if bitcoin is going to pump, then it should pump freely and if it's going to dump then it should dump freely.

Given what he did last year, I really don't think he cares about bitcoin or crypto, what he cares about is the profit he will make. We should remember he is a billionaire and profit is what he is looking for, not the future of cryptocurrencies. As can be seen during this bear season, he has barely acted or posted any tweets about cryptocurrencies as he knows they are in bear season so he won't be able to generate hype to profit. We'll see him again when cow season comes.

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