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Topic: Elon Musk Tweeting Power gone - page 7. (Read 1283 times)

sr. member
Activity: 1932
Merit: 442
Eloncoin.org - Mars, here we come!
May 23, 2021, 04:13:17 PM
#75
Yes, it cannot continue forever and he has to focus with his Tesla shares that has been dumping for months. Why he would focus to a meme coin that has dropped already which he doesn't have the ownership. He's a holder for sure but he doesn't own the whole development of it unlike his company, Tesla, why he shouldn't focus on putting more attention to it to pump it and see how powerful he is in his tweets. I think he knows that many won't buy his Tesla share and it's easier to purchase cryptocurrencies.
Well, perhaps people now are learned after following him, he just used his power for his own interest, he left people behind with a massive loss because of his tweet the price of bitcoin was down. We know that not the reason for the bitcoin price dump, but he has triggered those people because panic selling after hearing those FUD. Especially for those newbies on bitcoin and did not know how it will work, all the aim is just for the profit is a short term, not a long term investment. Perhaps, after this scenario, people will start ignoring him and his tweet will no longer have an effect on the bitcoin price.
hero member
Activity: 3024
Merit: 745
Top Crypto Casino
May 23, 2021, 03:39:35 PM
#74
Yes, it cannot continue forever and he has to focus with his Tesla shares that has been dumping for months. Why he would focus to a meme coin that has dropped already which he doesn't have the ownership. He's a holder for sure but he doesn't own the whole development of it unlike his company, Tesla, why he shouldn't focus on putting more attention to it to pump it and see how powerful he is in his tweets. I think he knows that many won't buy his Tesla share and it's easier to purchase cryptocurrencies.
hero member
Activity: 1302
Merit: 504
May 23, 2021, 03:32:35 PM
#73
Elon mask and other whales, They are trying to shake out all of our coins and will use methods proven to to work. If you use logic and study patterns Bitcoin must go up. But humans are emotional many will panic sell.

Yes, the market is currently flooded with panic sellers. This creates bad circumstances for the market. It is important to understand and stay out of these.
The hardest thing to learn is how to not get hurt by emotions. This is true for anyone who invests their money in the markets, not just Bitcoin.

Some will get burned. It's inevitable, and that's the way markets work. But, once that initial bout of panic selling has gone through, most of the time people become rational. All it takes is time.


Right now it is worse than a zero sum game as the support for all coins drops so quickly. Musk won't impact the market by a lot right now as it can't even get much worse. We'll see how he reacts over the next few weeks and whether the market will ignore him or still follow whatever stuff he is going to talk about.
legendary
Activity: 1526
Merit: 1359
May 23, 2021, 03:03:16 PM
#72
Elon mask and other whales, They are trying to shake out all of our coins and will use methods proven to to work. If you use logic and study patterns Bitcoin must go up. But humans are emotional many will panic sell.

Yes, the market is currently flooded with panic sellers. This creates bad circumstances for the market. It is important to understand and stay out of these.
The hardest thing to learn is how to not get hurt by emotions. This is true for anyone who invests their money in the markets, not just Bitcoin.

Some will get burned. It's inevitable, and that's the way markets work. But, once that initial bout of panic selling has gone through, most of the time people become rational. All it takes is time.
legendary
Activity: 2618
Merit: 1105
May 23, 2021, 02:43:55 PM
#71
FFS, please go and check the low of Doge, it was $0.001 and it was not too far. Elon Musk may have bought it so low that he shilled it to the worst of his followers who blindly acted as if he is controlling the markets and these people gave the rein in his hands. Now, after getting a taste of deceit, all of us understood how he is playing with everyone and he is in it for himself.
sr. member
Activity: 1610
Merit: 264
May 23, 2021, 02:29:58 PM
#70
~
Thing is it is because the person is rich and general goal of every single people in the Earth is to be rich so they would rich people's footsteps. Only thing close to describe their ways is that they worship their celebrities.
It's not that new anyway to crypto anymore.
Many would follow others rather than making their own research, because "f research" for some people.
hero member
Activity: 1344
Merit: 502
May 23, 2021, 02:23:58 PM
#69
Elon mask and other whales, They are trying to shake out all of our coins and will use methods proven to to work. If you use logic and study patterns Bitcoin must go up. But humans are emotional many will panic sell.
legendary
Activity: 2534
Merit: 1338
May 23, 2021, 01:51:32 PM
#68
Being one of the famous personality around the world, Elon Musk is using his tweets to pump up the doge coin. I can't say that he can dump bitcoin alone with his tweets because there are other big players involve in it too but for dogecoin, he is single handly pumping with his tweets. But this cannot continue forever. Sooner or later, his tweet will have no effect on the prices. I wonder when that time will come ?
We do not know when this is coming but it is surely going to happen, Elon is so used to everyone always speaking in high regard of him that he is not realizing that he is going against a bunch of people that are not only very powerful now but will become even more powerful and influential in the future and that are not going to forget what happened, after all even if many people are in this market for the money there are many others that are in it because they really believe in the potential for bitcoin to change the world and the fact Elon is an obstacle to this will never be forgotten.
sr. member
Activity: 1666
Merit: 268
May 23, 2021, 11:05:11 AM
#67
Ofcourse his influence will go down the drain at some point. Even Vitalik Buterin the founder of Ethereum once said that Elon's influence won't last forever.
People will start realizing soon and the market will mature enough not to respond to his tweets. There will still be some people who will blindly follow him.
But the matured market won't make much of a difference on his tweets. It's just a matter of time until his influence is vanished.

Everything is not eternal, so also the influence of Elon Musk will end too. It is proven that after Elon Musk's original purpose was discovered,
slowly Elon Musk's popularity declined in the crypto world. Even now that the crypto community mostly hates Elon Musk, it's about time
Elon Musk stepped out of the crypto world. In my opinion, there aren't even too many Elon Musk followers who still believe in Elon Musk.

hero member
Activity: 2702
Merit: 716
Nothing lasts forever
May 23, 2021, 10:53:52 AM
#66
Ofcourse his influence will go down the drain at some point. Even Vitalik Buterin the founder of Ethereum once said that Elon's influence won't last forever.
People will start realizing soon and the market will mature enough not to respond to his tweets. There will still be some people who will blindly follow him.
But the matured market won't make much of a difference on his tweets. It's just a matter of time until his influence is vanished.
sr. member
Activity: 1680
Merit: 259
May 23, 2021, 10:41:30 AM
#65
I am starting to think for now the more elon says a lot of things the more people do not believe it like before because most of them are starting to feel the impact they have already felt. although at first Doge was indeed a kid until Newath, but now the impact that was felt when the decline was quite significant.
So it starts to leave a lot and don't obey what Elon says because the profits earned during the pump gradually run out of the current decline
sr. member
Activity: 1904
Merit: 256
Vave.com - Crypto Casino
May 23, 2021, 09:51:02 AM
#64
I'm sure right now, Elon's tweets are fading, even though Elon Musk is trying to grab people's attention, I'm sure there's been a lot of disappointment, they've definitely experienced that by buying doge at a high price.
full member
Activity: 1708
Merit: 126
May 23, 2021, 09:42:16 AM
#63
As for me, people have learned their lesson that his tweets will only benefit him. His manipulations are just for his own good and people have seen how he played with the market. However, it isn't just him that is to be blamed but also his followers who panic every time he announces something. We shouldn't allow influential people to manipulate us even our decisions no matter how they manipulate the market.
sr. member
Activity: 2016
Merit: 283
May 23, 2021, 09:01:06 AM
#62
Being one of the famous personality around the world, Elon Musk is using his tweets to pump up the doge coin. I can't say that he can dump bitcoin alone with his tweets because there are other big players involve in it too but for dogecoin, he is single handly pumping with his tweets. But this cannot continue forever. Sooner or later, his tweet will have no effect on the prices. I wonder when that time will come ?
correct, and in my opinion if this ppl will not believe on elon's tweets i'm pretty sure this will not happen, But sad to say worrying because that guy is a big investors as well and he can really influence other in just simple way, and now seems a big leason for all of us..  And i hope if that guy came back making tweets, it will not work well like what happened right know..
hero member
Activity: 2660
Merit: 651
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May 23, 2021, 08:34:16 AM
#61
This clown can post anything he wants. People still follow him like sheep. I'm tired of people who don't use their own brains and wait for some magic tweet from Mr. Musk; these will be the first to be brain chipped by their master. Be careful, this clown has long term plans with all of us. If you're gonna be one of his sheep it's up to you only.
I dont blame Elon Musk cause it was the fault of the people that follow his tweet as sheep because from the beginning Elon was an enthusiast of a meme coin and he's using his tweet to create his own form of meme but the lazy and hype follower investors bought It.
hero member
Activity: 2268
Merit: 579
Vave.com - Crypto Casino
May 23, 2021, 08:14:15 AM
#60
Ever since the pandemic issue, Elon is the number one influential when it comes to Cryptocurrency though he doesn't single handly cause the pump and dump but alot of newbie that joins the crypto investment last year or 2 sees his tweet as investment advice.
I believe he also among the people that cause the market correction we are experiencing now and it will be nice if his tweeting power has gone but I think it because of what he said about Bitcoin.
hero member
Activity: 1834
Merit: 879
Rollbit.com ⚔️Crypto Futures
May 23, 2021, 07:38:56 AM
#59
Being one of the famous personality around the world, Elon Musk is using his tweets to pump up the doge coin. I can't say that he can dump bitcoin alone with his tweets because there are other big players involve in it too but for dogecoin, he is single handly pumping with his tweets. But this cannot continue forever. Sooner or later, his tweet will have no effect on the prices. I wonder when that time will come ?
But these tweets can be dangerous if you get following him because there are bigger players than him on the market! Imagine he gives a signal which seems bullish and the institutional players activate a sell, it's going to be bad for those of us following Elons tweets.

These kind of remind me of trumps tweets, NASDAQ was always kind using news to trade.
full member
Activity: 1050
Merit: 103
BIB Exchange
May 23, 2021, 07:26:48 AM
#58
I see many people say that Elon Musk is similar to McAfee, maybe this is so, but I do not think it is so. McAfee advertised scam projects, McAfee was pursued by the tax authorities, if my memory serves me he could have been sent to jail.
Let's compare this with Elon Musk, the only thing he promoted is Dogecoin, an already established coin with its own history.
Elon Musk did not advertise scam projects, he is not pursued by the tax authorities, he is not threatened with jail.
This does not negate the manipulation of the market, it seems to me here more globally.
Judging by the latest news, everyone attacked Bitcoin on the same day. Elon Musk Jp Morgan and China as well as CNBC looks like a conspiracy. Elon Musk is very popular, his words were most heard.
I can see that some traders say that no one is to blame, the market was overcrowded.
full member
Activity: 1442
Merit: 153
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May 23, 2021, 07:17:12 AM
#57
Being one of the famous personality around the world, Elon Musk is using his tweets to pump up the doge coin. I can't say that he can dump bitcoin alone with his tweets because there are other big players involve in it too but for dogecoin, he is single handly pumping with his tweets. But this cannot continue forever. Sooner or later, his tweet will have no effect on the prices. I wonder when that time will come ?

I think the market is kinda overreacting to Elon Musk's tweets and most investors use EM's tweets as an indicator which is why its easy for him to manipulate the price of the market. However, nobody will believe EM's tweet anymore because of what happens this year
sr. member
Activity: 1988
Merit: 453
May 23, 2021, 07:01:27 AM
#56
The power of Elon Musk's tweets is disappearing as McAfee did in 2018. People are really bored with them and no longer believe in what Elon Musk says. We need to accept that for the crypto market to grow naturally. In my opinion, it is good that the cryptocurrency market is not affected by celebrity statements.

I don't want to compare Elon to a criminal. I was active in the cryptocurrency market when McAfee did his manipulations. What he did was much worse. He took payment from various conmen, to promote scam projects. He was fully aware that the projects that he is promoting are scam, but still went ahead with it due to pure greed. What Elon has done is awful, but even now I will not compare him with John McAfee. I still believe that there is a chance that Elon will realize his mistake and renew his association with Bitcoin.
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