Elon Musk Sees Bitcoin Price Reaching $69,000 - page 3.

koang

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Quote from: Rehan Zakir on October 24, 2021, 05:38:33 AM

I think 69000$ for bitcoin is a very small target. Because price of bitcoin already hits 67000$. And now the target of bitcoin is big. I think price of bitcoin will hit 100,000$ in near future. Future of bitcoin is very bright. Because its adoption is increasing day by day. It will impact on the price of bitcoin. I am holding bitcoin for long term.

Sometimes the bear is right, sometimes the bull is right. But, if history is any indication, the bull is more often right.

I am happy with this market, it makes money and I'm not always right but there is immense value in hearing all perspectives.

Ziskinberg

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Quote from: Rehan Zakir on October 24, 2021, 05:38:33 AM

I think 69000$ for bitcoin is a very small target. Because price of bitcoin already hits 67000$. And now the target of bitcoin is big. I think price of bitcoin will hit 100,000$ in near future. Future of bitcoin is very bright. Because its adoption is increasing day by day. It will impact on the price of bitcoin. I am holding bitcoin for long term.

It is a small target for long term but for short term, we are looking at the price movement and if it will be hit this year. IMO, there's no reason to doubt that bitcoin may hit that price as it has recently made an ATH which I believe it's enough to make the market be bullish until the end of the year.

Rehan Zakir

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I think 69000$ for bitcoin is a very small target. Because price of bitcoin already hits 67000$. And now the target of bitcoin is big. I think price of bitcoin will hit 100,000$ in near future. Future of bitcoin is very bright. Because its adoption is increasing day by day. It will impact on the price of bitcoin. I am holding bitcoin for long term.

Shasha80

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Quote from: cryptomaniac_xxx on October 22, 2021, 01:50:28 PM

Quote from: zaesvlas on October 22, 2021, 05:57:39 AM

In general, this man really changed the world. And the power of such a tweet is really great))
Let's see how the bitcoin price will move on.

Oh well, it went down to $60k right now and didn't reach $69k as predicted by Elon. Not sure if his tweet has influence the market negatively, or it's that traders are cashing out to make solid profit after reaching new all time high. Nevertheless, I didn't hold much of Elon Tweet now, I mean we have witnessed how he played the market in the past and his argument against bitcoin is trash (environment).

So let's see how this deep this current retracement, hopefully we can still hold above $60k with or without Musk help.

I believe Elon Musk has lost his power to influence the market, so whatever tweet Elon Musk wrote has no effect now. Because I always remember
how many people were harmed when Elon Musk manipulated the price of meme coins, but now it's different, because it turns out that the price of
Bitcoin did not reach the $69k price that Elon Musk had predicted. It seems that many people are getting smarter, no longer considering Elon Musk
as a person who deserves to be trusted. I also believe in the decline in the price of Bitcoin, because many investors took profit, because Bitcoin
managed to reach new ATH. Not because of the negative influence of Elon Musk's tweet, and I believe the Bitcoin price could have stayed above
$60k without Elon Musk's help. It is likely that over the next few days, Bitcoin will slowly rise again and return to above the $65k price.
So if anyone wants to buy more Bitcoin now is the right time.

kryptqnick

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I'm happy to see that his influence is falling. On October 21, the price was just a few thousand dollars behind the target, set by Elon Musk, so his tweet could have pumped it up just enough. Just it didn't, and the price actually went down after it, so his tweet clearly had no impact, even though it got 730k likes and 90k retweets, which is a lot even for Elon Musk's tweets.
But of course, we will see the price there, it's a very realistic target till the end of this year. So people will have time to show their immaturity later.

franky1

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when investors pluck a random number out of their head. usually this number is actually based on their investment price x2

looking back at when he 'bought in' strangely it seems to be true because he bought in at the 2020new year period when the price was ~$34k

..
i have seen it many times before people pluck out prices like "$100k by year end" where it becomes obvious they bought in at the $50k level.
some call out $130k. and you read their social media/forum/texts history and you see they bought in at the last ATH of $65k and crying when it then corrected.

most people are happy to 'double their money' as their exit range.. and thats all i see happening with this meme. Elon getting excited that the price is only 15% away from being his 2x factor

V-t.Ester

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A lot of fans are waiting for any Elon tweets about crypto as a sign to buy or sell it. There is a high possibility that Elon soon will make a post with these famous numbers 69 and 420. He likes to makes such tweets unexpectedly but on time. Elon connected these numbers with Tesla, but they really are associated in our minds with the other realities of our life. Maybe that’s why they are rather interesting to Elon’s fans. However I think he won’t make such a tweet before BTC will be very close to 69420 or even reach it for a moment.

cryptomaniac_xxx

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Quote from: zaesvlas on October 22, 2021, 05:57:39 AM

In general, this man really changed the world. And the power of such a tweet is really great))
Let's see how the bitcoin price will move on.

Oh well, it went down to $60k right now and didn't reach $69k as predicted by Elon. Not sure if his tweet has influence the market negatively, or it's that traders are cashing out to make solid profit after reaching new all time high. Nevertheless, I didn't hold much of Elon Tweet now, I mean we have witnessed how he played the market in the past and his argument against bitcoin is trash (environment).

So let's see how this deep this current retracement, hopefully we can still hold above $60k with or without Musk help.

qwertyup23

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Tweets like these have the potential of shaking up the whole community and his supporters, thereby increasing the chances of BTC's price increasing again.

Regardless, I do see that the price of BTC will increase over the next few weeks-months. Like the trend that happened last 2018, during the last quarter of that year, price of BTC skyrocketed but it subsequently fell until the second quarter of 2019.

To be honest, I am actually excited to see the day when the price hits $69,420 like memes would explode everywhere on the internet.

Mauser

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It's quite funny that Elon Musk puts so much focus on these number. Most of the younger investors might watch out for such memes, but the average investors probably not. To be honest he probably smoked something when he came up with the name for his son. Would be interesting to know how many of the billionaire crypto investors are smoking weed. Also would a bitcoin price of 69,420 USD be a bigger milestone than going above 70,000? Personally I prefer round numbers, the same goes for stop losses. I try to look at more fixed numbers. For example, buy when BTC is below 30,000 USD or consider selling when above 100,000. For technical analysis the barrier of 69,000 might be important, but I think we are still in a general upwards trend. Let's hope the reverse 69, 96,000 is the new target for Musk.

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Quote from: zaesvlas on October 22, 2021, 05:57:39 AM

In general, this man really changed the world. And the power of such a tweet is really great))
Let's see how the bitcoin price will move on.

He and all of his ideas are crazy yet a game changer to the world. Elon is a genius with a great sense of humour. That price target is very near and anyone with huge fund like Elon can easily pump the price of Bitcoin to that level any moment. He is just conditioning the mind of traders including institutional trader to have faith and keep accumulating for a higher price since Bitcoin is not over yet. I think 90K is possible this year.

Taskford

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Quote from: Ngewex Yuk on October 22, 2021, 05:47:51 AM

Elon Musk certainly has a good analysis and it is proven that when he invests in bitcoin now he is the richest person in the world, if he says $69k and looking at the current price it is certainly very easy to achieve, especially since we got new ATH at $66900 2 days ago , although the market dropped again but I'm sure the price of $ 69 can be achieved in this October.

Its easy to give a prediction especially the market is on bullish condition and don't get fooled on what prediction given since we don't know if he really mean it since maybe he just want his target sell get hit and trying to influence people to buy more so you need to be careful since as other said Elon is known a market manipulator and he came back now knowing that bitcoin is doing a great streak on this quarter of the year.

zaesvlas

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In general, this man really changed the world. And the power of such a tweet is really great))
Let's see how the bitcoin price will move on.

Ngewex Yuk

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Elon Musk certainly has a good analysis and it is proven that when he invests in bitcoin now he is the richest person in the world, if he says $69k and looking at the current price it is certainly very easy to achieve, especially since we got new ATH at $66900 2 days ago , although the market dropped again but I'm sure the price of $ 69 can be achieved in this October.

lovesmayfamilis

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Quote from: pooya87 on October 22, 2021, 12:59:59 AM

It baffles me that there still are people like OP and some media outlets that still pay attention to the troll called Musk since they apparently have forgotten how a couple of months ago he was actively spreading FUD about bitcoin and were actively trying to pump and dump a shitcoin called Doge.

At least it is good to read the reactions here and see that most people stopped giving a shit about him and his statements Cheesy

Be that as it may, this is the fourth page of a discussion of what Elon said and what he did.
It will be wherever noise can be created. Seeing the rise of bitcoin, how could Elon stay on the sidelines? His jokes are judged by many to be predictive, but unfortunately, everyone quickly forgets that a few months ago, there were suggestions to completely ignore this millionaire along with his jokes, memes, and other entertainments.

https://bitcointalksearch.org/topic/how-to-hide-elon-musk-topics-reqest-for-userscript-5338075
https://bitcointalksearch.org/topic/dont-you-think-some-people-in-the-forum-are-giving-too-much-importance-to-elon-5338031
https://bitcointalksearch.org/topic/m.57164168

Finestream

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Quote from: koang on October 22, 2021, 03:57:48 AM

Quote from: Botnake on October 22, 2021, 02:44:09 AM

We can't blame others if they still continue to support Elon especially for those are newbies in the market. Elon has just made his spot being the richest man on earth so his supporters most likely to believe his ideas hoping they can gain some advantage from it. But Elon is not like that. He will only come to the market and play the feelings of the people and if you are weak enough, you will surely fall on his trap. Let's just admit that Elon is no good for bitcoin anymore and the whole crypto market. Bitcoin will still be able to reach $69,420 even without Elon Musk around.

Make ourselves relevant and people will follow everything we do
And don't blame Elon for our inability to be relevant

And I agree with you, Elon is not good for the Crypto market anymore
One minute he is endorsing Bitcoin, the next minute he is against it stating environmental concerns.
Elon plays too much...

Now that we know exactly how Elon moves to persuade us again, i think if you still follow him, its definitely your loss. I don't want to be too mean to Elon, its just that i'm not his fan. I know he's wealthy and smart, enough to manipulate the market, but if we can avoid him because its the perfect thing to do, then do it. After all, the whole crypto market particularly with bitcoin will keep surging and will continue to achieve another heights without the influence of the big whales in the market.

koang

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Quote from: Botnake on October 22, 2021, 02:44:09 AM

We can't blame others if they still continue to support Elon especially for those are newbies in the market. Elon has just made his spot being the richest man on earth so his supporters most likely to believe his ideas hoping they can gain some advantage from it. But Elon is not like that. He will only come to the market and play the feelings of the people and if you are weak enough, you will surely fall on his trap. Let's just admit that Elon is no good for bitcoin anymore and the whole crypto market. Bitcoin will still be able to reach $69,420 even without Elon Musk around.

Make ourselves relevant and people will follow everything we do
And don't blame Elon for our inability to be relevant

And I agree with you, Elon is not good for the Crypto market anymore
One minute he is endorsing Bitcoin, the next minute he is against it stating environmental concerns.
Elon plays too much...

Botnake

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Quote from: Sled on October 22, 2021, 02:13:19 AM

Quote from: worle1bm on October 22, 2021, 01:56:27 AM

He thinks himself as smart or proclaimed genius but he's trying to become oversmart with his moves and want to regain his tweet image with all bitcoin influence again like posting these $69k images and relaxation but we don't care about clown Musk anymore because for btc growth his influence is not required and it will surely reach above $70k also soon.He is primarily promoting shitcoins and using his twitter more for this purpose rather than sharing his tesla news feed and organizing carbon competition.So now we don't need to care what he thinks.

Absolutely, but he becomes the number 1 richest person in the world? He become famous and not to wonder why many were still following him.
https://www.businessinsider.in/business/news/top-10-richest-people-in-the-world/articleshow/74415117.cms

Something like he deserves some respect but not in a way that we have to believe him either. He got his market influence but that was before, ain't happen this time as (most) of are already realized how he ruin the market and wanted to manipulate it.

We can't blame others if they still continue to support Elon especially for those are newbies in the market. Elon has just made his spot being the richest man on earth so his supporters most likely to believe his ideas hoping they can gain some advantage from it. But Elon is not like that. He will only come to the market and play the feelings of the people and if you are weak enough, you will surely fall on his trap. Let's just admit that Elon is no good for bitcoin anymore and the whole crypto market. Bitcoin will still be able to reach $69,420 even without Elon Musk around.

Sled

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Quote from: worle1bm on October 22, 2021, 01:56:27 AM

He thinks himself as smart or proclaimed genius but he's trying to become oversmart with his moves and want to regain his tweet image with all bitcoin influence again like posting these $69k images and relaxation but we don't care about clown Musk anymore because for btc growth his influence is not required and it will surely reach above $70k also soon.He is primarily promoting shitcoins and using his twitter more for this purpose rather than sharing his tesla news feed and organizing carbon competition.So now we don't need to care what he thinks.

Absolutely, but he becomes the number 1 richest person in the world? He become famous and not to wonder why many were still following him.
https://www.businessinsider.in/business/news/top-10-richest-people-in-the-world/articleshow/74415117.cms

Something like he deserves some respect but not in a way that we have to believe him either. He got his market influence but that was before, ain't happen this time as (most) of are already realized how he ruin the market and wanted to manipulate it.

Sanitough

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Quote from: worle1bm on October 22, 2021, 01:56:27 AM

He thinks himself as smart or proclaimed genius but he's trying to become oversmart with his moves and want to regain his tweet image with all bitcoin influence again like posting these $69k images and relaxation but we don't care about clown Musk anymore because for btc growth his influence is not required and it will surely reach above $70k also soon.He is primarily promoting shitcoins and using his twitter more for this purpose rather than sharing his tesla news feed and organizing carbon competition.So now we don't need to care what he thinks.

However we can't deny that Elon Musk has deeply affected the market using his influence, I am not against him hyping bitcoin because there's a real potential for bitcoin to grow in the future due to the increasing adoption, but I don't support it and I condemn him promoting shitcoins as it will only make some people lose their money who just blindly follow him.

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