Elon Musk is one of the keys to be 100k$ per Bitcoin? - page 7.

Oasisman

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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?

Your opinion is much appreciated

Bitcoin pumped and consistently increasing each and every year passed without the name of Elon Musk. He might've a good influence in Bitcoin's price, but we have to remember that a lot of people in crypto space were disappointed at him as he tried to manipulate the crypto market. He has failed to manipulate Bitcoin so he diverted into the meme coin.
But, to be fair Elon could be one of the reason for another Bitcoin pump, but Bitcoin is set to break the $100k mark with ir without him.

seoincorporation

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Elon Musk could send bitcoin price to $100k if he decides to do it.

It would be simple as make a post on twitter saying he will spend $1B in bitcoin, that would be a crazy bump for the markets because those who buy before Elon will get a massive profit from their investments.

In the end, Elon Musk have the money and the social impact to do it.

mindrust

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People should stop expecting any good news from this troll. Anything he says could be a lie or a trap to rip you off. Crypto is not regulated, Elon very well knows it and he will use it. He won't hesitate to steal everything you got from you as he did with the shitcoins.

Bitcoin don't need to reach $100k to stay relevant anyway. Bitcoin still would be just fine even if the price don't move for the next 10 years. The fundamentals will still be there, same and unchanged.

Finestream

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Quote from: hosseinimr93 on October 11, 2022, 07:30:12 AM

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?

Whether Elon musk supports bitcoin or not, whether he opposes bitcoin or not, whether he hodl his bitcoin or not, whether he sells all his bitcoin or not, whether Tesla accept bitcoin or not, he can't have any effect on bitcoin in the long term.
Bitcoin can reach 100,000 dollars regardless of what Elonmusk does with his bitcoin and what says about bitcoin.
Elon musk could do some manipulations in the market with his tweets in the past. But I doubt his tweets has any more effect on bitcoin and I don't think he can affect the market significantly even in the short term.

I am not saying bitcoin will reach 100,000 dollars and this is not a financial advice. Everything is possible.

AFAIK, Elon is no longer significant when it comes to bitcoin, so whatever his actions and decisions are, it will not influence the price movement of bitcoin in the long run. Though he’s a big part in hyping dogecoin, but maybe his influence is for meme coins only that have no longer participation in the crypto market. While for bitcoin, it will always bound to increase with or without Elon. The high demand from bitcoin community and all the institutional investors are good enough to anticipate price growth for bitcoin.

carlfebz2

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

Quote from: BobK71 on October 11, 2022, 12:09:34 PM

Many investors lost assets in 2021 when Elon Musk was constantly tweeting. Investors are now very aware. They are not willing to trust any ordinary tweets anymore. Moreover, investors now believe that if the market is artificially influenced then the market can never be sustainable. Elon Musk can no longer influence crypto the way he once did. But he is still a positive person on cryptocurrency.

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.

nara1892

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Quote from: BobK71 on October 11, 2022, 12:09:34 PM

Many investors lost assets in 2021 when Elon Musk was constantly tweeting. Investors are now very aware. They are not willing to trust any ordinary tweets anymore. Moreover, investors now believe that if the market is artificially influenced then the market can never be sustainable. Elon Musk can no longer influence crypto the way he once did. But he is still a positive person on cryptocurrency.

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.

spectre71

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Quote from: CryptoHeadlineNews on October 11, 2022, 01:57:58 PM

Quote from: spectre71 on October 11, 2022, 01:31:01 PM

(puts on tinfoil hat)

It's conceivable that Elon created bitcoin and he came out during that timeframe, yup 100K and then some.

(removes hat)

Sorry to interrupt, but i seems not to understand what you are trying to say here, because its generally known that the creator or inventor of Bitcoin is Satoshi Nakamoto and not Elon Musk, and Bitcoin is not the only coin Elon has had great influence on, that is, if you will want to use thst as a parameter for judging, being the richest man alive, because Elon was one of the great promoter of Dogecoin, Shiba Inu and Babydoge coins if you seems to have forgotten, of which accepting Bitcoin as a means of payment for his Tesla motors skyrocketed Bitcoin March last year 2021

So what your saying is Satoshi is a real person? Really?

It's pretty much accepted that the SN is a name de plume, pop around the webz there are some pretty good arguments that it could be. If I created bitcoin I would want to be anon too

samuraijin

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Elon once made the price of bitcoin go up because of his Tesla and he also made the price fall because of his tweet, I believe he can push it up to $100k when the bull market comes especially he owns twitter now where the average crypto user is active there, if he could make dogecoin high value I think he can also make bitcoin worth in the future, so waiting for the next bull market to come

CryptoHeadlineNews

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Quote from: spectre71 on October 11, 2022, 01:31:01 PM

(puts on tinfoil hat)

It's conceivable that Elon created bitcoin and he came out during that timeframe, yup 100K and then some.

(removes hat)

Sorry to interrupt, but i seems not to understand what you are trying to say here, because its generally known that the creator or inventor of Bitcoin is Satoshi Nakamoto and not Elon Musk, and Bitcoin is not the only coin Elon has had great influence on, that is, if you will want to use thst as a parameter for judging, being the richest man alive, because Elon was one of the great promoter of Dogecoin, Shiba Inu and Babydoge coins if you seems to have forgotten, of which accepting Bitcoin as a means of payment for his Tesla motors skyrocketed Bitcoin March last year 2021

The Cryptovator

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It's not about only Elon Musk, big influencers could influence Bitcoin price for a short time. And personally, I don't believe what Elon said. It's because he thinks about his profits, not about others. We have seen many times he played pump dump games about Bitcoin and doge. Who knows if he is making money by pump dump? He needs to become richer and of course, every rich person thinks that way.

spectre71

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(puts on tinfoil hat)

It's conceivable that Elon created bitcoin and he came out during that timeframe, yup 100K and then some.

(removes hat)

CryptoHeadlineNews

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

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.

He is not just one of the biggest hodler of Bitcoin, because don't doubt me if i say he could equally be the highest holder of Bitcoin in the entire universe, by being the richest man in all world. But what i seems not to understand here is he saying he hasn't sold any of his bitcoins since he bought them that only Tesla who sold 10% of its bitcoin hodling. So my question now is, what is the difference between Tesla and Elon Musk? Is he not the same person in charge and owns both Bitcoin holding, because if he is, then that means by selling that Tesla's 10% bitcoin holding, then that means he has actually sold his bitcoin

Victorik

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I am done believing these people. They have a way hiding the whole truth. They say something and do the exact opposite.

Truth is Elon musk has some level of influence that can't be ignored, and when he eventually sells off, it will significantly impact on BTC price.

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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?
Your opinion is much appreciated

If he wants to support then I think he will be in a price hike cycle but I don't think only Elon Musk can do it. There are more people out there ^{[personal/institutional]} who will push bitcoin more expensive in the future, so each and every one of them will be in this cycle until a new ATH is reached.

Without Elon Musk, I think bitcoin has the potential to hit $100K in the future too as I can expect more user growth over time. You will hear more adoption happening everywhere, so it will continue to increase so this demand will affect prices. $100K is high, it takes a lot of time and demand - but of course it could happen in the future which we then consider potential.

UmerIdrees

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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?

Do you think that if Elon Musk does not shill about bitcoin, it will not reach 100k$ ? If you think that Elon Musk is the bitcoin price driver then you are 100$ wrong.

Bitcoin does not need any persons intervention to reach new highs. The demand and interest of the people will be enough to push the price beyond expectations.

Lastly, the way Elon Musk started promoting Dogecoin against bitcoin, he is not the man to be listened to when it comes to cryptocurrencies.

melody82

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You could argue that he is bad for crypto in general, because of his doge stuff, which if some of us normal people did we would be in jail. But if you have the good lawyers and the money you can do anything you want, including pump and dump fraud. But on the positive side, more people become aware of bitcoins because of him, even if they might get the impression that it's all a scam. I don't think Elon is helping us. Elon only helps Elon.

BobK71

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Many investors lost assets in 2021 when Elon Musk was constantly tweeting. Investors are now very aware. They are not willing to trust any ordinary tweets anymore. Moreover, investors now believe that if the market is artificially influenced then the market can never be sustainable. Elon Musk can no longer influence crypto the way he once did. But he is still a positive person on cryptocurrency.

$crypto$

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Quote from: avikz on October 11, 2022, 10:27:55 AM

This is an old tweet which doesn't hold much value now. Elon is a strong supporter of cryptocurrency, no doubt about it! But he can't be the sole reason for bitcoin to reach 100k USD. If he had the power of such manipulation, he would have done it by now.

With the power he has, he can definitely bring in a temporary pump into the market. But it's way beyond his power to make it 100k.

Even though we know Elon Musk has a lot of influence on cryptocurrency but I'm not sure he will do that and not the only reason it did reach the price of $100k just because Elon Musk has control of manipulation I think there will be other factors that make bitcoin higher not only Elon Musk only.
I'm not sure if he will carry a pump during a bear market or other crisis, of course he will think again on the right situation when he wants to do it, including Doge who was hype in his tweet.

Zanab247

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I don't think, Elon musk holding bitcoins can affect the price of Bitcoin to rise or not to rise in the market, because Bitcoin is not control by the government or Elon musk, it rise whenever it is due for the price to go up for those that invested to use the period to earn well from the market. It's not advisable to hold your bitcoins more than 3 or 4 years before you can sell to make a good profits from your long term investments and wait for the bear market to Come before you can buy and hold again.

goldkingcoiner

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A Bitcoiner chooses. A slave obeys.

Hes a market manipulator who pumps shitcoins like doge. What more do you want to know?

Elon Musk has proven time and time again that his sole reason for existing is to stroke his astronomically-giant ego. But now he has received a hit to his reputation as not only did he ask for payment for his Ukrainian Starlink services, he is also meddling in politics with tweets that only a crackhead would think a good idea to publish on Twitter. Especially he should know the weight of his words, but he does not behave intelligently. He behaves like a cocky celebrity who lets real scientists, engineers and developers do the real work and come up with the ideas. He himself is a businessman with an ego. Nothing more and nothing less.

He is Edison without the know-how.

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