Elon Musk once again throwing shade at bitcoin - page 2.

livingfree

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Quote from: Natalim on December 28, 2021, 06:02:50 AM

Quote from: livingfree on December 27, 2021, 06:41:13 PM

Quote from: Natalim on December 27, 2021, 04:00:18 PM

Another attempt to hype DOGE again, sorry but it's not happening anymore, DOGE price trend is going down and there's no way Elon Musk could save Doge downtrend even if he hypes it regularly. Bitcoin ===> DOGE, that's a fact and any coin cannot stand against bitcoin in terms of competition.

It's not an attempt but it's always what he do.

Whether he said that he'll accept payment in Doge for a Tesla. There will be an increase but that's just temporary, unlike bitcoin. Even if he keeps on telling something bad about it.

The effect is very tiny and temporary too.

No one can destroy bitcoin even the richest man on earth but Elon can still create some hype on his altcoin/s despite not a pro bitcoin. It's something different compared to Craig Steven Wright who is no longer cannot create a hype on his coin because although he did not hate bitcoin, but he lied that he is the real satoshi.

He can make hype.

That's for sure but it's just temporary.

You see how he made dogecoin on its all time high and now it seems hanging and no more push for the increase on its price.

ChiBitCTy

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Quote from: Obito on December 24, 2021, 11:01:11 PM

This kind of thinking makes things worse for bitcoin, we overthink too much when it comes to this kind of thing, plus he's not the person that we should listen to right? Aren't we already done with all the stuff he did back then?

Those crypto users who only relies on his tweet should think by now if they’re gaining profit whenever they follow him or not. He have many followers due to his inventions and projects that may attract them to enter crypto. There are more new crypto users each day and some of them maybe where got only into crypto because they read his tweet and follow him. It can be considered charge to experience as these users who just joined by his influence will strive harder to learn crypto more when their investment dump since they will eant to recover their losses. It’s his way to attract more users with his own benefits.

Well the funny thing about his followers is that the majority of them don’t seem to understand that he’s not actually the genius they thought he was/is. He didn’t create/invent PayPal nor did he crate or invent Tesla. He isn’t the one creating rockets at space x either. If you listen to what he says about bitcoin you can tell the guy has no idea what he’s talking about.

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Quote from: livingfree on December 27, 2021, 06:41:13 PM

Quote from: Natalim on December 27, 2021, 04:00:18 PM

Another attempt to hype DOGE again, sorry but it's not happening anymore, DOGE price trend is going down and there's no way Elon Musk could save Doge downtrend even if he hypes it regularly. Bitcoin ===> DOGE, that's a fact and any coin cannot stand against bitcoin in terms of competition.

It's not an attempt but it's always what he do.

Whether he said that he'll accept payment in Doge for a Tesla. There will be an increase but that's just temporary, unlike bitcoin. Even if he keeps on telling something bad about it.

The effect is very tiny and temporary too.

No one can destroy bitcoin even the richest man on earth but Elon can still create some hype on his altcoin/s despite not a pro bitcoin. It's something different compared to Craig Steven Wright who is no longer cannot create a hype on his coin because although he did not hate bitcoin, but he lied that he is the real satoshi.

Accardo

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Along the line of doge coin production Elon was not in the picture until few years back when he was appointed or elected as the president of Dogecoin. Then he appeared into the framework of the memecoin which some people thought that he is the owner of dogecoin, regarding the way he uplifted the value and price of dogecoin to the eyes of the people that knew less about memecoin how it's a fun coin that may not yield profits on the long run.

So, Elon is working hard to see if Doge can have a use case but, it proofs to be sacrosanct because of the nature of dogecoin it may not have a usecase. Whatever he says about bitcoin should not be taken into consideration because he is a twitter influencer but hes is different from the rest of the influencers on twitter due to his fame and wealth.

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Quote from: livingfree on December 27, 2021, 06:41:13 PM

Quote from: Natalim on December 27, 2021, 04:00:18 PM

Another attempt to hype DOGE again, sorry but it's not happening anymore, DOGE price trend is going down and there's no way Elon Musk could save Doge downtrend even if he hypes it regularly. Bitcoin ===> DOGE, that's a fact and any coin cannot stand against bitcoin in terms of competition.

It's not an attempt but it's always what he do.

Whether he said that he'll accept payment in Doge for a Tesla. There will be an increase but that's just temporary, unlike bitcoin. Even if he keeps on telling something bad about it.

The effect is very tiny and temporary too.

The community doesnt really care on what he would do but there are people who do love to jump in with the hype and take advantage with these sentiments and make profit with it without actually been supporting

on what Elon does have in mind.Yes, he could make out those full swing influence in price but doesnt mean that it would be sustainable.Good for those who had able to get in early
and once you do get caught with the dump then theres no other man would be blamed but this guy and of course you would blame yourself too. Cheesy

livingfree

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Quote from: Natalim on December 27, 2021, 04:00:18 PM

Another attempt to hype DOGE again, sorry but it's not happening anymore, DOGE price trend is going down and there's no way Elon Musk could save Doge downtrend even if he hypes it regularly. Bitcoin ===> DOGE, that's a fact and any coin cannot stand against bitcoin in terms of competition.

It's not an attempt but it's always what he do.

Whether he said that he'll accept payment in Doge for a Tesla. There will be an increase but that's just temporary, unlike bitcoin. Even if he keeps on telling something bad about it.

The effect is very tiny and temporary too.

Natalim

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Another attempt to hype DOGE again, sorry but it's not happening anymore, DOGE price trend is going down and there's no way Elon Musk could save Doge downtrend even if he hypes it regularly. Bitcoin ===> DOGE, that's a fact and any coin cannot stand against bitcoin in terms of competition.

uneng

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I agree it's a mix of stupidity and manipulation, or maybe it's just that stupidity is his method to manipulate people efficiently.

Elon is wealthy and people get sympathetic to him due to the fact a rich guy says stupid things, so average internet users feel closer to him, having Elon as an idol or even a friend.

I believe everyone has already felt like this for a famous personality. The problem in this case is that there serious risks of losing money for those who have him in great esteem.

ven7net

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Quote from: ChiBitCTy on December 23, 2021, 02:51:44 PM

Once again Elon Musk is in the news in relation to bitcoin/cryptocurrency and once again he’s proving he’s full of shit. Personally I can’t figure out if he’s just that ignorant when it comes to cryptocurrency, because he has said a whole lot of stupid stuff in relation to it, or if it’s just manipulation, which we all know he’s very good at. Overall I think it’s a mix. I believe he likes the Proof of Stake aspect being that it gives the largest wallets an advantage. Which is exactly what he’s arguing against here..oh the irony.

What are your thoughts?

https://www.google.com/amp/s/www.businessinsider.com/elon-musk-dogecoin-fan-bitcoin-gives-power-rich-jack-dorsey-2021-12%3Famp

Think you know Elon? Maybe not as much as you think .. https://youtu.be/c-FGwDDc-s8

For me personally, Elon Musk is just a person who is manipulated by bigger players. Everything it says about cryptocurrency and BTC is all custom. In simple words, he is simply paid to write something on his pages on social networks. If Elon Musk were really interested in cryptocurrencies, then he would have transferred his business to the blockchain a long time ago, and accepted payment only in BTC or another cryptocurrency, or moreover, for example, he would have launched his personal cryptocurrency. But why doesn't he do it? Because he will not be allowed to do this and it is easier to make a profit by manipulating the cryptocurrency market.

dataispower

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Quote from: DoublerHunter on December 23, 2021, 05:02:54 PM

^ We know Elon Musk is a big fan of DOGE and I think that is normal to appreciate his altcoin hold but IF HE compares it to BTC.
I don't think so what will gonna going to say, it is pretty normal to me to see his action because as we know he has a large number of DOGE and it could be he wants to make the price up of DOGE and throwing shade at BTC is not of his concern. Probably now most people those who know already him, obviously ignored him.

As you said Elon musk is chairman of Doge coin i can not believe that Elon musk will in other way support the growth of any other coins except Doge that is in his heart to pump Everytime, everyone knows that Elon never try to boost others cryptocurrency, it concentrates on the good name of doge coin and thinking that coins can be suppressed to any other coins, but after his efforts everything to turned bad against his plan to other cryptocurrencies

CryptocurencyKing

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Well, being world richest man comes with some advantage you know, having to influence a lot of persons with one statement and funny enough, it works only when we allow it to. Elon might have tried to rub bitcoin in the mold whole trying to rise dogecoin but its all subject to individual perceptions about the many tweets he sends most times.
Elon has still got his supporters and that would push through in all that he tweets but, we really need to watch it and not be mislead by some cerebral figure over some investment advice.

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Quote from: freedomgo on December 26, 2021, 01:46:46 PM

Elon might be a great influencer in the past, but this time people have become smarter and learn to hate Elon because of his own wrong doings. So even if he keeps on tweeting again on dogecoin, or throw shades at bitcoin, people will not be affected anymore as they realized that Elon did the whole thing just to hype the meme coin and when he thinks he made profits on his own, that's the time when he stops shilling dogecoin and its value started to fall back. I guess people have been traumatized about this and decide not to trust Elon again.

Recent months, Elon only tweets and Tesla did not invest more into Bitcoin. I disagree if anyone say that Elon lost his influence on Bitcoin and crypto market. He still has it in his hands and if someday he suddenly tweets that Tesla returns to spend more capital to invest into Bitcoin. What will happen?

It won't be a normal or only hilarious tweet but it is a more powerful tweet because there is capital related. If that day comes, you will see power and influence of Elon again, that would be massively big.

Ultegra134

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Quote from: freedomgo on December 26, 2021, 01:46:46 PM

Quote from: Ultegra134 on December 26, 2021, 08:44:09 AM

Quote from: tbct_mt2 on December 26, 2021, 07:04:12 AM

Quote from: yazher on December 25, 2021, 09:24:18 PM

Looks like he thinks he still has that power to shake the price in the market when it's all nothing now when he says something about bitcoin. Looks like this guy wanted to promote his nonsense coin by tweeting those simple words yet enough to give Doge a pump in short days. Just like the other celebrities or influencers who always criticized bitcoins, this guy too is nothing but nonsense who doesn't need the attention of the real investors because all he does is talk about things that haven't even been proven or not the actual fact.

People give Elon Musk power and market makers abuse tweets of Elon Musk to play their pump and dump games. We can not verify that whether Elon Musk has investments in meme coins he tweets about.

It is very easy to understand and explain that he tweets about them because he has investments with them. However eve he does not have such investment, market makers will do wisely and fastly enough to take advantage of his tweets to trigger their games.

It is like Omicron, does the variant has anything to do with Omicron in crypto market? It does not but fact is, we have massive pump and dump game with Omicron.

It is possible that he may still own meme coins such as Doge and Shiba. If he doesn't, it's probably another mere attempt to troll users into buying worthless coins and dumping them shortly after. On the other hand, I'm not quite sure that he has that much of an influence in the market anymore. He definitely used to have a lot, but people stopped following him after the Dogecoin incident.

Elon might be a great influencer in the past, but this time people have become smarter and learn to hate Elon because of his own wrong doings. So even if he keeps on tweeting again on dogecoin, or throw shades at bitcoin, people will not be affected anymore as they realized that Elon did the whole thing just to hype the meme coin and when he thinks he made profits on his own, that's the time when he stops shilling dogecoin and its value started to fall back. I guess people have been traumatized about this and decide not to trust Elon again.

Definitely, people got pissed at him for assisting in the manipulation of the cryptocurrency market and stopped following him. It was stupid for both sides to make such bold claims. Announcing that he'll sell Tesla merchandise with Dogecoin, what's the purpose of this whole ordeal? He's a great businessman that's for sure, but if this happened in the stock market, he would have been arrested, cryptocurrencies however, are not monitored by someone, of course.

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Quote from: Ultegra134 on December 26, 2021, 08:44:09 AM

Quote from: tbct_mt2 on December 26, 2021, 07:04:12 AM

Quote from: yazher on December 25, 2021, 09:24:18 PM

Looks like he thinks he still has that power to shake the price in the market when it's all nothing now when he says something about bitcoin. Looks like this guy wanted to promote his nonsense coin by tweeting those simple words yet enough to give Doge a pump in short days. Just like the other celebrities or influencers who always criticized bitcoins, this guy too is nothing but nonsense who doesn't need the attention of the real investors because all he does is talk about things that haven't even been proven or not the actual fact.

People give Elon Musk power and market makers abuse tweets of Elon Musk to play their pump and dump games. We can not verify that whether Elon Musk has investments in meme coins he tweets about.

It is very easy to understand and explain that he tweets about them because he has investments with them. However eve he does not have such investment, market makers will do wisely and fastly enough to take advantage of his tweets to trigger their games.

It is like Omicron, does the variant has anything to do with Omicron in crypto market? It does not but fact is, we have massive pump and dump game with Omicron.

It is possible that he may still own meme coins such as Doge and Shiba. If he doesn't, it's probably another mere attempt to troll users into buying worthless coins and dumping them shortly after. On the other hand, I'm not quite sure that he has that much of an influence in the market anymore. He definitely used to have a lot, but people stopped following him after the Dogecoin incident.

Elon might be a great influencer in the past, but this time people have become smarter and learn to hate Elon because of his own wrong doings. So even if he keeps on tweeting again on dogecoin, or throw shades at bitcoin, people will not be affected anymore as they realized that Elon did the whole thing just to hype the meme coin and when he thinks he made profits on his own, that's the time when he stops shilling dogecoin and its value started to fall back. I guess people have been traumatized about this and decide not to trust Elon again.

oHnK

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Quote from: kryptqnick on December 26, 2021, 09:07:29 AM

Still, even if Musk goes above and beyond to make Dogecoin more popular than Bitcoin, it's not going to work.

But it seems that you are missing something related to the popularity of BTC with Doge which has been made up by Elon Musk. Previously, Musk was one of the factors supporting the rise of BTC because it was applied to Tesla, but since the rejection of BTC, it has experienced a major correction. Meanwhile, if Elon chooses to increase Doge by tweeting, it could give Doge high popularity, because for short term traders, Doge becomes one of their best options to profit from Elon's actions by tweeting.

izsara

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In fact, if I examine it further when I see this tweet, I feel that it's actually a bit out of sync when it comes to discussing elon and bitcoin because it is a case that only a handful of people can see.
On the other hand, he only shows off his dog, I can see and if he looks at this he is touting another dog coin and has nothing to do with bitcoin

coinism

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Quote from: tbct_mt2 on December 26, 2021, 07:04:12 AM

People give Elon Musk power and market makers abuse tweets of Elon Musk to play their pump and dump games. We can not verify that whether Elon Musk has investments in meme coins he tweets about.

It is very easy to understand and explain that he tweets about them because he has investments with them. However eve he does not have such investment, market makers will do wisely and fastly enough to take advantage of his tweets to trigger their games.

It is like Omicron, does the variant has anything to do with Omicron in crypto market? It does not but fact is, we have massive pump and dump game with Omicron.

It's the people that need to be equally blamed for giving too much importance and power in the hand of people like Musk. His single tweet makes btc go down from 50k to 32k earlier this year. He recently said something about Doge (I am not interested in what he said), his tweet on 14 Dec 2021 created a spike in price of Doge from 0.1 to 0.2 and now falling back. This clearly show how much importance we gave to these people.

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Quote from: kryptqnick on December 26, 2021, 09:07:29 AM

I wanted to write about how I think Musk is joking because, while he gave Bitcoin a try with Tesla, he did no such thing with Dogecoin. But then I realized that it's no longer true, as in the middle of December Musk actually said that Tesla will start accepting Dogecoin for merch to see how it goes. In that case, perhaps he does think Dogecoin is the way to go. I don't have anything against Doge, except that it's way overrated. Given that the foundation and thus technical support was reintroduced in August 2021, though, at least it's probably safe to use it. Also, while the coin is inflationary, the inflation rate decreases over time. Still, even if Musk goes above and beyond to make Dogecoin more popular than Bitcoin, it's not going to work.

trying to make Dogecoin more popular than Bitcoin is never going to work. I don't know if there will be a continuation of the news that Elon has reported or if it's just a joke that he throws back into the public.
raised Dogecoin to be more popular, but I wonder why Elon didn't develop their token? if indeed Elon and Tesla will develop a payment system or Merchandise for the purchase of Tesla products.

kryptqnick

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I wanted to write about how I think Musk is joking because, while he gave Bitcoin a try with Tesla, he did no such thing with Dogecoin. But then I realized that it's no longer true, as in the middle of December Musk actually said that Tesla will start accepting Dogecoin for merch to see how it goes. In that case, perhaps he does think Dogecoin is the way to go. I don't have anything against Doge, except that it's way overrated. Given that the foundation and thus technical support was reintroduced in August 2021, though, at least it's probably safe to use it. Also, while the coin is inflationary, the inflation rate decreases over time. Still, even if Musk goes above and beyond to make Dogecoin more popular than Bitcoin, it's not going to work.

Ultegra134

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Quote from: tbct_mt2 on December 26, 2021, 07:04:12 AM

Quote from: yazher on December 25, 2021, 09:24:18 PM

Looks like he thinks he still has that power to shake the price in the market when it's all nothing now when he says something about bitcoin. Looks like this guy wanted to promote his nonsense coin by tweeting those simple words yet enough to give Doge a pump in short days. Just like the other celebrities or influencers who always criticized bitcoins, this guy too is nothing but nonsense who doesn't need the attention of the real investors because all he does is talk about things that haven't even been proven or not the actual fact.

People give Elon Musk power and market makers abuse tweets of Elon Musk to play their pump and dump games. We can not verify that whether Elon Musk has investments in meme coins he tweets about.

It is very easy to understand and explain that he tweets about them because he has investments with them. However eve he does not have such investment, market makers will do wisely and fastly enough to take advantage of his tweets to trigger their games.

It is like Omicron, does the variant has anything to do with Omicron in crypto market? It does not but fact is, we have massive pump and dump game with Omicron.

It is possible that he may still own meme coins such as Doge and Shiba. If he doesn't, it's probably another mere attempt to troll users into buying worthless coins and dumping them shortly after. On the other hand, I'm not quite sure that he has that much of an influence in the market anymore. He definitely used to have a lot, but people stopped following him after the Dogecoin incident.

Topic: Elon Musk once again throwing shade at bitcoin - page 2. (Read 714 times)