Honestly speaking, Elon's remarks about bitcoin wouldn't affect the market that much if only newbies will learn to ignore his tweets and do real technical analysis. Elon is obviously trying to put the market wrapped around his fingers. He wanted to gain wealth by using his popularity.
One of the mistakes usually beginners do is that they tend to value others opinion rather than working on their own. Hence, a lot are losing than gaining because they mostly follow the gossips and hype. As an investor/trader, we shall not rely our decision making to other people's financial advice most especially if it involves large amount of money. Unless of course that certain person you'll follow is a professional and you've done your part researching what would happen if things don't go the way you planned it.
We have a brain for a reason. Let's use it.
Topic: Elon Musk please stop messing up the crypto market (Read 3123 times)
Am I the only one who finds his tweets and market manipulation annoying?
A lot of newbies falling into the trap unfortunately. BTC is strong and won't be affected too much but Dogecoin is just increasing its pump and dump reputation. Sad.
hello sir, maybe for some people panic, will be affected by, Elon muck's tweet, but those who are strong and who understand bitcoin flow may not be affected by Elon Musk, so my advice is not to panic too much under any circumstances, new people are all for sure panic and the effect bitcoin is going down A lot of newbies falling into the trap unfortunately. BTC is strong and won't be affected too much but Dogecoin is just increasing its pump and dump reputation. Sad.
Musk is a scapegoat. If you really believe he is having this effect please bang your head against the wall.
Most of the peoples thinking right now Elon musk is not good for bitcoin. But a few months ago same people also talking that Elon musk is best for bitcoin. I don't know why peoples blaming Elon musk for his tweet! We don't need to hate Elon, We need to hate those peoples whos are following his tweet and selling or buying bitcoin. Elon did not manipulate the market, The blind followers are manipulating this market.
We have to admit, he is partly responsible for the pump and dump of bitcoin price. We thank him if BTC price goes up and we blame him if BTC goes down. So the solution, Unfollow him and stop reading his tweets that affects your decision making.
I supposed to believe Elon Musk topic should be moved off-topic, since most of member against this stupid person. I'm get bored, lost respect to Elon really for trying to bully with the crypto holders. The crypto market was there before Elon got in, rather playing with it he would better go worry about Tesla shares.
Visit the off topic section now https://bitcointalk.org/index.php?board=9.0 and you will find tons of Elon Musk's topics lol.Maybe this was the very first one this year that's why being maintained by Admins in this section but all those newly created are directed to off topic section.
I supposed to believe Elon Musk topic should be moved off-topic, since most of member against this stupid person. I'm get bored, lost respect to Elon really for trying to bully with the crypto holders. The crypto market was there before Elon got in, rather playing with it he would better go worry about Tesla shares.
elon musk is a smart person, and good at market games, it can be said that elon musk is a market criminal, he cheats the market, I believe he did that, to get a lot of btc, because he is smart and has power with his wealth, he can scare scare scare others and make others panic, because just one post has already made others panic and scared, moreover he made several posts, but I'm sure people who have been playing in bitcoin for a long time will never be afraid of Elon Musk's tweet.
Most of the peoples thinking right now Elon musk is not good for bitcoin. But a few months ago same people also talking that Elon musk is best for bitcoin. I don't know why peoples blaming Elon musk for his tweet! We don't need to hate Elon, We need to hate those peoples whos are following his tweet and selling or buying bitcoin. Elon did not manipulate the market, The blind followers are manipulating this market.
We have to admit, he is partly responsible for the pump and dump of bitcoin price. We thank him if BTC price goes up and we blame him if BTC goes down. So the solution, Unfollow him and stop reading his tweets that affects your decision making.
Elon musk is the villan of crypto market, but we can't do anything we can't stop him from fudding or anything he is doing , the best way to understand this trap and safe our portfolio and also we can't control anyone from promoting any project, if we thing dogecoin is a shitcoin then we have to stop investing in it.
You said it exactly as it should be. I believe that until we all understand that these people will continue to do what they want and say what they want but it is our own opinion to listen and follow or not. The power is in the hands of the Investors but I don't believe they know that hence they keep falling for these FUDs and once we realize this, everything will be different.
maybe I belong to the group of musk haters, since he tweets on twitter the market price is erratic, and many people think he is a god / financial advisor even though he is a financial destroyer poison for beginners, maybe for old people it is a blessing to tweet musk about doge can make doge go to his new ATH and get many times the profit
what you are saying is the undeniable truth, but the main fault is with his followers and who still believe the tweets he did. if they don't take any action that makes the crypto market so volatile it would be very wise, but this they are following the directions that are said to make the crypto market really go down. where instead he receives the benefits derived from what is said.hopefully with a very deep correction can open their eyes not to always believe in people like @elonmusk whose clear goal is to profit from what is tweeted, as an entrepreneur he knows that ability and many follow and he will continue to do it if his followers are still believe. Of course this is the worst thing that happens if people still believe in it.
maybe I belong to the group of musk haters, since he tweets on twitter the market price is erratic, and many people think he is a god / financial advisor even though he is a financial destroyer poison for beginners, maybe for old people it is a blessing to tweet musk about doge can make doge go to his new ATH and get many times the profit
Oh Elon Musk again?! He can be powerful regarding influence on market but panic hands of people are main reason maybe. Can be.
The man has seriously mental issues and melaganamic.
I can't understand how someone like his can be/act this way he does.
Think about it !! If just one single person can cause Bitcoin to drop rapidly, then is it even worth investing in ?? I have followed Bitcoin from the start and it has always been very volatile way before Elon. People put way to much emphasis on Elon and I doubt very much he was the sole reason Bitcoin dropped.... It has always gone up and dropped back down by large percentages right from the beginning, and if you think Elon was solely to blame then maybe you should not be investing in crypto...
I just can't accept to read any news on him. I genuinly hate Elon.
His tweets should be illegal again. Hopefuly some US courts will decide on that
His tweets should be illegal again. Hopefuly some US courts will decide on that
Elon Musk still enjoys manipulating the market. He changed his mind about cryptos a lot in the last few days. People can't really catch up with him from now on. We are in some kind of loop right now.
Most investors? Are you sure?
I don't think it is true, mate. Only a few people follow the hype of Elon tweets, most experienced investors aren't interested in following the hype. They prefer to buy top coins that have more value and supported by strong teams. While Doge has no strong team and seems not really promising to buy for a long-term holding. So, how can most investors prefer to buy a coin like Doge? It is not true.
Agreed, investors are only attracted to top coins and if they follow the hype just for short term take profit, then leave them and never hold that coin. The top coins are the right choice and are more guaranteed to last in the long run because they have a strong team to build better projects in the future. I don't think it is true, mate. Only a few people follow the hype of Elon tweets, most experienced investors aren't interested in following the hype. They prefer to buy top coins that have more value and supported by strong teams. While Doge has no strong team and seems not really promising to buy for a long-term holding. So, how can most investors prefer to buy a coin like Doge? It is not true.
Am I the only one who finds his tweets and market manipulation annoying?
A lot of newbies falling into the trap unfortunately. BTC is strong and won't be affected too much but Dogecoin is just increasing its pump and dump reputation. Sad.
A lot of newbies falling into the trap unfortunately. BTC is strong and won't be affected too much but Dogecoin is just increasing its pump and dump reputation. Sad.
Musk's influence on the crypto market is obvious - this can be seen in the performance of Dogecoin, which has grown by 3000% since the beginning of the year.
In my opinion, at this stage the crypto market may have a need / have a benefit from Musk's tweets.
I'm not saying to follow him blindly and invest after every tweet, but his posts can still have a positive impact on the crypto world as a whole.
In my opinion, Elon Musk is desperate, from a number of many very important businessmen with global influence he was the only who tried to make money by manipulating the cryptomarket in public. Everybody else even if he did he did it from the shadows without risking his business reputation.
The fact that Musk did it in public and he involved Tesla on this, in my opinion is a proof that his business is in desperate financial position. The models show his business is going to bankrupt within the next 1-2 years unless something changes very dramatically and this is why he involved Tesla on this, in order to produce this change!
In the long term in my opinion he failed, he will defiantly going to test the market again but in the long run he failed because a lot more people will eventually realize how desperate he has become.
The fact that Musk did it in public and he involved Tesla on this, in my opinion is a proof that his business is in desperate financial position. The models show his business is going to bankrupt within the next 1-2 years unless something changes very dramatically and this is why he involved Tesla on this, in order to produce this change!
In the long term in my opinion he failed, he will defiantly going to test the market again but in the long run he failed because a lot more people will eventually realize how desperate he has become.
Right from the first they Elon musk twitted about bitcoin i believe that's not really a good idea because I believe bitcoin will later be hijacked by billionaires which will later lead to manipulation of altcoins, I believe it will really affect altcoins because the price will just keep on dumping always and I believe must people it's going to affect are the newbies people that are new in Cryptocurrency and don't really know how things work might end up losing there money and getting discouraged which is very bad. Elon musk should just leave cryptocurrency for us so that bitcoin can really go back to the way it was before.
Musk can save the market again or destroy it. Who is he? Crypto Messiah or Scammer?
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