Elon tweet again that he is supporting Crypto against Fiat - page 10.

Strongkored

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Quote from: coin-investor on May 23, 2021, 06:09:09 PM

Here we go again after his tweet that contribute to the market dip he is at it again and now he is tweeting

Musk Tweets He Supports Crypto in Battle Against Fiat Currencies

Quote

The true battle is between fiat & crypto. On balance, I support the latter.

Do you think he is trying to rally the market after the dip and will this stop the continuous drop in the market.

Many think that the first drop was due to his tweet about BTC and many think he has already sold the BTC he owns and he has already clarified through his tweet also that he is not selling his BTC.
If his new tweet is to make the market go up again then there will be many who are happy especially those caught in the 2 times the downturn, including me.

warg2017

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Haha，i think Elon Musk he wants the Bull back, but sadly, the Big Bull is going further and further now. Look what i saw, i saw the Bear is waving and closing to me.
Let me guess, he was trapped in the crypto market, too.

Psynthax

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It's just an usual discussion in twitter mate, elon did that a lot replying people and make some clarification no need to overthink it but it's also seems that he maybe want to secure his btc asset as to now drive the price down further
or even already accumulating some btc out of the dip since he changed his standing after the dip somehow but such influence also the reason why the market become bearish too early in the first place so yeah, if only people could stop overanalyzing his tweet.

crwth

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I don't think Elon has ever been pessimistic about Crypto. He has always supported it, and I don't think he will dump all of his holdings anytime soon. He just voiced his concern about Bitcoin mining. We don't have sufficient data to validate how much Bitcoin mining is still in the dirty energy compared to renewable energy sources. Research is all over the place.

Maybe, Tesla wants that government grant that would give them even more money, and they need to put some shade on Bitcoin, for now, to be granted that money. There are Tesla Board members that made it like this as well. Not entirely all about Elon.

impulse709

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Maybe after the continuous drop in the market. His buy more Bitcoin and he continued to tweet to make the market go up again to sell bitcoin to collect their own profits. I never hate him, but what he has to do last time with the market. I don't believe he really serious with the market.

Farma

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well, I also believe that Elon Musk also wants to take advantage of this situation. maybe Elon Musk is also aiming to make him appear inclined towards cryptocurrency and could make the price go up again. however, I would like to see what kind of changes Elon Musk wants for cryptocurrency. hope there is something big that can push prices back to normal with news like this.

tbct_mt2

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Quote from: coin-investor on May 23, 2021, 06:09:09 PM

Here we go again after his tweet that contribute to the market dip he is at it again and now he is tweeting

Musk Tweets He Supports Crypto in Battle Against Fiat Currencies

Elon Musk spins his opinion with his tweets and his tweets will have decreasing importance on the market. Vitalik said this fact and time will prove this fact.

Elon Musk and Tesla still hodl their Bitcoin and it tells us what they are planning to do in this bull run.

amishmanish

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He isn't trying to "rally" the market. He is just clarifying his position on the crypto vs fiat debate.

The market weakening wasn't due to anything he said about Fiat. Instead, it was the climate-evangelist inside him not realizing that why exactly PoW is needed. For someone like Elon Musk, you'd expect them to have a better understanding of why PoW is necessary. Apparently, he did not.

That is what brought on this.

JeffBrad12

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Here we go again. elon is coming again with its tweet. This guy didn't even learn from what he was doing before. He will give lots of good tweet until crypto can recover again.
This guy was doing a very big action by blame bitcoin. He doesn't even know if bitcoin has massive impact to the whole of altcoins. that being said if his portfolios got affected caused by the dump that happens right now.

blue Snow

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Quote from: coin-investor on May 23, 2021, 06:09:09 PM

Do you think he is trying to rally the market after the dip and will this stop the continuous drop in the market.

Look like yes and seems he was bought at dip and try to make the rally the market. But, I just pessimistic he can create a rally price on the situations at FUD (china, houbi and etc). He wasn't a person who can handle himself, too many people, small and medium traders sell the asset on the dropped market.

meanwords

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Although he has a pretty biased negativity about Bitcoin, It's still pretty obvious that he supports the concept of cryptocurrency and it seems like he's influence over cryptocurrency is kind of dwindling. There's not much movement upward prior to this tweet as seen in CMC.

cryptoaddictchie

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I am sure that Elon Musk will take advantage of the moment the cryptocurrency price crashes like this time to buy as much as he wants, it is possible that if Elon Musk makes such a status then he will get ready to recover the cryptocurrency price slowly but surely.

Yes that's the wise men will do. If everybody got afraid of the China Fud and Elon will see that as an opportunity to buy more and used the chance to accumulate bitcoin too. I think he can easily shill this and change his statement again to accept bitcoin in tesla however once he do that, his credibility would suffer a lot from criticism due to his behavior.

gabbie2010

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Quote from: coin-investor on May 23, 2021, 06:09:09 PM

Here we go again after his tweet that contribute to the market dip he is at it again and now he is tweeting

Musk Tweets He Supports Crypto in Battle Against Fiat Currencies

Quote

The true battle is between fiat & crypto. On balance, I support the latter.

Do you think he is trying to rally the market after the dip and will this stop the continuous drop in the market.

Yes of course I suspected a hidden agenda here possibly after the price dumped he bought bitcoin massively and he is trying to trigger the bullish rally, I hope his tweet will make an impact on pushing up the price however the dominance of bear has not wane even in the aftermath of his tweet, market has only shown some little pumps which is nothing to write home about compared to the massive correction which is almost close to 50%.

wajik-tempe

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Have you seen the marketcap chart ? the chart is having a bull trend this week, but the price is dropping. Why ? It probably because the whale are utilizing these moment to buy from the DIP. Supported with "elon game", panic trader will lose much from their cutlosses.

LogitechMouse

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So what now?
Do you think that his tweets will affect the market now after all that he did?
Do you think that the market will pump again after this?

He is one of the main reasons why the market crashed because of his stupid and nonsense tweets and now he is saying nonsense tweets again. For me, he is the "McAfee of 2021". The problem right now is there are still some investors who are believing to what he is saying after what he is done in the crypto market. Right now, he can tweet whatever he wants but it will not affect the market anymore.

Quote from: coin-investor on May 23, 2021, 06:09:09 PM

Do you think he is trying to rally the market after the dip and will this stop the continuous drop in the market.

He might be but no one will believe in him anymore aside from the investors who sees Elon SHIT as their God when it comes to investing.

DapanasFruit

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The time has come for the cryptocurrency market to not anymore be influence by someone like Elon Musk. We can do better without him and if we all stop giving him credit then he will just fade like nothing before. I am not against him or anything and in fact he is admirable for his many achievements but for now we don't actually need him here. Elon Musk for the past many weeks is like a child playing with his new toy and while hypes can be good at times what we have is enough.

Bitcoinjheta

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we all know elon musk is a big fan of cryptocurrency and very influential person in history by his tweets it put much significance to other people to believe which it can contribute to price speculations and may affect the market value that sometimes leads to drastically dropping down.

2double0

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The impact made by his tweets and China's ban on crypto deals was huge but investors cannot be fooled twice. I do not think that any of his tweets now will make any difference to the barn he did to crypto, and if he was behind this sell off, he must repent for what he did by cheating his own followers. He knew that crypto is relatively new and can be manipulated with fud, so he did all he can in his powers, to take the advantage of that loophole and now, we are suffering because we trusted his words.

cryptobrzy

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Elon musk can tweet whatever he wants whenever he wants to, people need to stop putting too much importance on the tweets from people like musk about cryptocurrencies because these tweets have no bearings on the fundamentals of the cryptos in question and any move or rally due to this tweets is most likely a result of price manipulation and speculation.

coin-investor

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Here we go again after his tweet that contribute to the market dip he is at it again and now he is tweeting

Musk Tweets He Supports Crypto in Battle Against Fiat Currencies

Quote

The true battle is between fiat & crypto. On balance, I support the latter.

Do you think he is trying to rally the market after the dip and will this stop the continuous drop in the market.

Topic: Elon tweet again that he is supporting Crypto against Fiat - page 10. (Read 1932 times)