Elon tweet again that he is supporting Crypto against Fiat - page 6.

memyselfandi

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Quote from: memyselfandi on June 04, 2021, 06:38:07 PM

Actually Elon Musk is not the only rich famous person who supports crypto more than fiat. Mark Cuban, Robert Kiyosaki, some rich politicians etc. Robert Kiyosaki said that "I'm not betting on Bitcoin, I'm betting against economy. I'd rather have Bitcoin than dollars right now".

But Elon Musk is the guy that tried to cast his influence and succeeded even McAfee did not succeed on any coin that he wants to hype because he prefers to hype new coins where he gets paid for shilling it, Elon Musk did not get paid for promoting Doge but he made a lot because he is a huge bag holder of it.

That is the question actually. What is his real intentions of using his influence? It is to help the people to maximize the potential of crypto or manipulating people and the people of crypto space? Those new comers in crypto are seeing Elon Musk as their hero but the crypto scholars and experts are seeing him vice versa.

memyselfandi

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Quote from: BuNga_cute on June 05, 2021, 03:27:21 AM

Quote from: ?? on ??

Quote from: memyselfandi on June 04, 2021, 06:38:07 PM

Actually Elon Musk is not the only rich famous person who supports crypto more than fiat. Mark Cuban, Robert Kiyosaki, some rich politicians etc. Robert Kiyosaki said that "I'm not betting on Bitcoin, I'm betting against economy. I'd rather have Bitcoin than dollars right now".

When there's a good opportunities for sure there are many billionaires behind it, some are quitely monitoring the market and
continue enjoying there benefits without revealing their names.

You mentioned those known names who are behind this industry and for sure there are more rich and famous who don't want
to have media exposures unlike Musk.

Not all rich people who buy Bitcoin want to be known to the media or the public like Elon Musk, I believe that many famous and rich people have
bought Bitcoin. But they have their own reasons for remaining anonymous, therefore the price of Bitcoin can be very high, this must be
the contribution of the rich. Because like you said where there is an opportunity to make money, there will be many billionaires who want to take
the opportunity.

We just known them as "whales" or "big players" in crypto. Even big companies are little by little adapting the changing environment of businesses. They slowly obtaining assets from crypro because they know that the potential of crypto to over power fiat is really high and when that time comes, they already have an asset in crypto market.

Vaculin

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Winding down.

Now, it was clear that he just rocking his money in crypto and make fool the community. He's now talking about support against fiat but the truth is that he does nothing to crypto instead, he just ruins it. It was pretty obvious how desperate he was and need more attention which eventually he had already.
I don't know what his real plan.

Anyway, Elon Musk has been slightly ignored by the crypto community. Maybe some are still following him but I don't know if they are still interested about his tweets.

gundala

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Quote from: ahmia39 on June 05, 2021, 04:47:56 PM

snip---
Elon Musk supports crypto, he is also looking for profits in every investment in crypto. Of course, the ups and downs in crypto prices are also with him. I think he's already sold some crypto he's been holding recently. Now he wants to try to return the crypto price to a high one. So what the followers of his tweet feel. If you panic when crypto prices drop, then you will definitely get a loss.

EM knows how to get the public's attention, and he also knows that the impact of his tweets can set big waves. As an entrepreneur and even an investor, his status as the richest person in the world, inevitably there are many people who will be affected by his words. While I don't agree that the recent rise or fall is entirely due to the influence, no, there are many more complex things, the tweets are just one of the condiments.
I think EM's tweets regarding crypto are just for personal enjoyment, he is taking advantage of the move to profit. Don't depend entirely on it, we must have our own analysis so that we are not easily carried away by market waves that suddenly change direction. Prepare appropriate anticipatory steps.

ahmia39

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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.

Elon Musk supports crypto, he is also looking for profits in every investment in crypto. Of course the ups and downs in crypto prices are also with him. I think he's already sold some crypto he's been holding recently. Now he wants to try to return the crypto price to a high one. So what the followers of his tweet feel. If you panic when crypto prices drop, then you will definitely get a loss.

sapnu

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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.

Elon's tweets are influential no matter how much we try to deny it. Nevertheless we should not let his opinions affects our decision considering that he does not know much on crypto, it just happened that he has a net worth that's too high to be reached for a single person. If ever he is trying to rally the market, let us not complain neither give opinions about it. Let us just take advantage of it and make sure we can beat him at his own game. Bitcoin will still strive as well as other crypto even Elon Musk wouldn't hype it. Before him, everything is going well that just means even without him the crypto will keep on going high and surviving.

revilo

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Quote from: ?? on ??

He continues to be an inconsistent person about this market. He tweets negatively about it first, then he changes his mind again. He does this all the time. Mostly short term investors are angry with him I think.

Inconsistent could be a fake interpretation of what he calls strategic. You can't look into his head, nobody knows what he is planning, but what he is known for is that he is a good strategist. He also has his own agenda with the SEC. He likes to be on confrontation with them a lot.

BuNga_cute

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Quote from: memyselfandi on June 04, 2021, 06:38:07 PM

Actually Elon Musk is not the only rich famous person who supports crypto more than fiat. Mark Cuban, Robert Kiyosaki, some rich politicians etc. Robert Kiyosaki said that "I'm not betting on Bitcoin, I'm betting against economy. I'd rather have Bitcoin than dollars right now".

When there's a good opportunities for sure there are many billionaires behind it, some are quitely monitoring the market and
continue enjoying there benefits without revealing their names.

You mentioned those known names who are behind this industry and for sure there are more rich and famous who don't want
to have media exposures unlike Musk.

Not all rich people who buy Bitcoin want to be known to the media or the public like Elon Musk, I believe that many famous and rich people have
bought Bitcoin. But they have their own reasons for remaining anonymous, therefore the price of Bitcoin can be very high, this must be
the contribution of the rich. Because like you said where there is an opportunity to make money, there will be many billionaires who want to take
the opportunity.

bitkanu

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Quote from: pinoycash on June 05, 2021, 02:07:18 AM

Before the pump ELON helps bitcoin to reach an All time high price and he is also play a role in bitcoin price crash from 66k to 35k. For every tweet he made about bitcoin the market bleeds.

I think that it's happening when bitcoin already reached ATH and then elon was bashing bitcoin with so many FUD tweet related to the electricity consumption of bitcoin mining.
he was making FUD after he already cashed out his profit from the market to make the financial report of tesla became so good.
Elon and china were the main reason that have been made the price of btc to go down to the 35k .

pinoycash

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Currently Elon Musk has been able to have a negative impact on cryptocurrency price movements in exchange places and has received a lot of criticism from several parties. I am very sure that Elon Musk is currently being hated a lot because it has a bad influence on cryptocurrency.

Before the pump ELON helps bitcoin to reach an All time high price and he is also play a role in bitcoin price crash from 66k to 35k. For every tweet he made about bitcoin the market bleeds.

memyselfandi

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Futurov

Actually Elon Musk is not the only rich famous person who supports crypto more than fiat. Mark Cuban, Robert Kiyosaki, some rich politicians etc. Robert Kiyosaki said that "I'm not betting on Bitcoin, I'm betting against economy. I'd rather have Bitcoin than dollars right now".

kayiboyu

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He tweeted that he was supporting cryptocurrencies against fiat money. But today, he indicated in one of his tweets that he is heartbroken about Bitcoin. He has been completely inconsistent. He just loses his supporters' trust by changing his mind all the time.

imamusma

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Quote from: lozovenkop on June 04, 2021, 11:10:59 AM

I'm tired of this Elon Musk. Today, again, he wrote a tweet and bitcoin fell a little, what he does to the market is terrible.
I understand that he wants to buy bitcoin, but such manipulations are bad for the market.

Yes, that's obviously very bad for the market and everyone else, because it could hinder the trades that other people are doing and he didn't think about it so now a lot of people are starting to hate him.

Nrcewker

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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.

This is a late news to be respond upon, but still let me give my thoughts on Eat.
I guess Elon musk is the person for which BTC fell from 60k usd to 35k usd.
I can easily conclude from this that he is not anyway supporting the cryptos.
His all actions are only for his own benefits. After all he is a businessman only.
Soon we will know the real profit that will come to him from this tweet.
God save us from these type of persons.

lozovenkop

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I'm tired of this Elon Musk. Today, again, he wrote a tweet and bitcoin fell a little, what he does to the market is terrible.
I understand that he wants to buy bitcoin, but such manipulations are bad for the market.

semobo

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He wanted to save the tesla share value, because since when he said he is not going to accept bitcoin the Tesla stock value dropped and he also lost his networth value and dropped down to third in the world's richest individuals list.

tbct_mt2

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Quote from: Noruka on June 04, 2021, 04:56:12 AM

He did that with Bitcoin but I doubt he will do that with DOGE as well. It seems he is really determined to do something with DOGE although nobody understand yet what that could look like. He is always in for surprises as we know, but I prefer to watch from the sidelines. Maybe it is only for the lolz what he has in mind, but maybe he seriously considers putting billions into it and prove the world wrong again about his abilities when it comes to a damn meme coin.

Billionaire influncers like Elon Musk know what to do and they complete their preparations before they start any shilling campaign with any cryptocurrency. They brainstorm method to give us feelings of uncertainty. When we are always uncertain about how one cryptocurrency will move and become more rely on their tweets, they will pull the trigger.

If Elon can manipulate Bitcoin market, he can manipulate any altcoins he want. I don't think he will restrict his game with Bitcoin and Dogecoin. Stay tuned for more shilling attempts and big games from Elon.

Noruka

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Quote from: huiji2011 on June 03, 2021, 12:14:01 AM

Today Elon Musk is for it, tomorrow he may be against it. The only thing I know about him is that he is a businessman, and the essence of a businessman is to chase profits.
To put it bluntly, Elon Musk is just using the crypto market to make money. Don't think he is so great.

He did that with Bitcoin but I doubt he will do that with DOGE as well. It seems he is really determined to do something with DOGE although nobody understand yet what that could look like. He is always in for surprises as we know, but I prefer to watch from the sidelines. Maybe it is only for the lolz what he has in mind, but maybe he seriously considers putting billions into it and prove the world wrong again about his abilities when it comes to a damn meme coin.

huiji2011

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Today Elon Musk is for it, tomorrow he may be against it. The only thing I know about him is that he is a businessman, and the essence of a businessman is to chase profits.
To put it bluntly, Elon Musk is just using the crypto market to make money. Don't think he is so great.

steampunkz

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I think Elon musk tweet right now are not affecting the price of Crypto, In the past, I usually follow his post but after what I'm seeing so many people are really disappointed about his recent posting, Then I Research a little bit that there is Cause of all of bearish of the crypto market, Sample is the banning Mining of bitcoin in China, another one is the tax for crypto users, investors in the USA.

Topic: Elon tweet again that he is supporting Crypto against Fiat - page 6. (Read 1932 times)