Topic: How much power does Elon still have over the crypto markets? - page 2. (Read 471 times)
Elon's Power is not as strong as before. There are many people who are smart enough and start to not believe in him. I'm one of those idiots who really believed in his tweets when he first started tweeting about crypto. But, right now i think i smart enough to realize this man just trolling us.
In my opinion for now, it can be said that about 50% percent still has power in the crypto market, because we look at his wealth, I think he still has a lot of sheep who are still loyal to Elon, and there are still many who are loyal. Elon's followers. Musk, unlike us, we are not his followers, we are not his sheep..
Just because he says some negative or positive stuff, why do people react so much?
Whatever the reasons, are people done listening to him now or what?
I remember when he first tweeted anything about crypto it was doge. He just had a simple rocket with doge on the shuttle and posted that.
SOmehow.... this made doge go from less than a cent all the way up to 7 cents! Wtf kind of power is that?
Then he did some more doge tweets making it go as high as 70 cents.
But then with just one simple tweet, he dumped the bitcoin price. HOW!?
But yeah, has he numbed peoples nerves enough yet or what? It seems like it considering his last positive tweets haven't done much to bump the price up. What gives? Is his power done with or is it just easier to crash a market instead of pump it?
He has no much appeal in people now, many has changed since they find how trolling Elon Musk is doing the market.Whatever the reasons, are people done listening to him now or what?
I remember when he first tweeted anything about crypto it was doge. He just had a simple rocket with doge on the shuttle and posted that.
SOmehow.... this made doge go from less than a cent all the way up to 7 cents! Wtf kind of power is that?
Then he did some more doge tweets making it go as high as 70 cents.
But then with just one simple tweet, he dumped the bitcoin price. HOW!?
But yeah, has he numbed peoples nerves enough yet or what? It seems like it considering his last positive tweets haven't done much to bump the price up. What gives? Is his power done with or is it just easier to crash a market instead of pump it?
the recent tweets of Elon has no much impact in the community look at it now , elon is losing sympathy little by little.
Elon is a popular influencer and he has a huge social media followers who support him a lot. They believe in what Elon Musk said and because what Elon said about Doge really happened, the number of believers continuously increased. They always believe that whatever Elon Musk says, it will really happen. But if one day the words of Elon fail, it will also affect his followers.
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It is his power that affect his followers, not all people. Me? I don't even flinch to whatever he says about Bitcoin whether it'd be positive or negative. He is just a rich guy in the end and I won't do any decision to crypto just because a certain guy in Twitter says something.His powers are over? As long as people don't do research and rely on these celebrities, I don't think it is over.
It would depend on how much people would give a crap about his post and how long they would tolerate it.
They are playing along his plans and enjoying it while they are gaining but once Elon wrecked it again those who are enjoying their crypto ride would starts to cry again.
They are playing along his plans and enjoying it while they are gaining but once Elon wrecked it again those who are enjoying their crypto ride would starts to cry again.
As long as people are believing him and he is still active on Twitter tweeting about his stuffs that he does then probably he still have a lot of power of the market, whether we like it or not.
Before Elon enters crypto, he is a popular person with his Tesla and he has a huge fan of Twitter. And he thinks that he can use his popularity to influence the crypto, so he tweets about Dogecoin. His plan worked and made many people panic and buying Dogecoin in the rally of the price. And he did that again with Dogecoin and Bitcoin and boom. People seem not to care about his tweet again and do not like Elon.
Before 2020, Elon Musk tweeted about Dogecoin a few times and his tweets affected Dogecoin demand. Elon tested the market and he saw he can do something big with his twitter. I can't remember his first tweet about Dogecoin but perhaps it was in late 2018 or in 2019.I don't see it as coincidence. It is test from Elon indeed. He tested and prepared things before he actually entered the manipulation games in 2020.
But we do not know how big Elon's power still has after this and maybe Elon has something that we do not know. But I hope Elon will not do the worst thing like before because that can make him in trouble.
Elon loves what he does in crypto market and he will not stop. He has love with money so he will not leave the crypto market. When one loves crypto, he can not leave it.
Just because he says some negative or positive stuff, why do people react so much?
Whatever the reasons, are people done listening to him now or what?
I remember when he first tweeted anything about crypto it was doge. He just had a simple rocket with doge on the shuttle and posted that.
SOmehow.... this made doge go from less than a cent all the way up to 7 cents! Wtf kind of power is that?
Then he did some more doge tweets making it go as high as 70 cents.
But then with just one simple tweet, he dumped the bitcoin price. HOW!?
But yeah, has he numbed peoples nerves enough yet or what? It seems like it considering his last positive tweets haven't done much to bump the price up. What gives? Is his power done with or is it just easier to crash a market instead of pump it?
Whatever the reasons, are people done listening to him now or what?
I remember when he first tweeted anything about crypto it was doge. He just had a simple rocket with doge on the shuttle and posted that.
SOmehow.... this made doge go from less than a cent all the way up to 7 cents! Wtf kind of power is that?
Then he did some more doge tweets making it go as high as 70 cents.
But then with just one simple tweet, he dumped the bitcoin price. HOW!?
But yeah, has he numbed peoples nerves enough yet or what? It seems like it considering his last positive tweets haven't done much to bump the price up. What gives? Is his power done with or is it just easier to crash a market instead of pump it?
The answer is simple, the more money you have means you became more influential in such a way where most people will follow your lead. If you have good social and financial status, people will believe in whatever you say and will take advantage when they've given the opportunity to do so.
In reality, Elon Musk has no real power over the market. What he has is the power of influence he has over his followers. And it is important to know that his followers are individuals who have a say in the market, however small. When these lot of people listen to whatever Elon Musk says and dance to his tune, it is as though he is the one controlling the market. Control the people and you control the market.
Personally, I hardly ever listen or follow Elon Musk although I do understand how powerful his influence can be over his followers and how disruptive of the market his tweets can be.
- In my personal opinion, he has a great influence on crypto followers and participants, it should also be called the power of the ruling class, the class of a whale giant, many people and including me can feel he is abusing his powers excessively but sometimes it is a jealousy, envy of his ability to control psychology and manage the crypto market, this may only happen for a few weeks but it is enough to speak to the power of Elon Musk. Currently, his campaign in crypto is probably under maintenance, after a successful fix, it is also another boomPersonally, I hardly ever listen or follow Elon Musk although I do understand how powerful his influence can be over his followers and how disruptive of the market his tweets can be.
to stir up the crypto market on a non decent way then the community starting out to be sour against him.I don't know if there would be still some trust left for people
to believe into the things that he would try to say after all the things he had done? For sure he can still make out some impacts but wont really be that severe for sure.
In reality, Elon Musk has no real power over the market. What he has is the power of influence he has over his followers. And it is important to know that his followers are individuals who have a say in the market, however small. When these lot of people listen to whatever Elon Musk says and dance to his tune, it is as though he is the one controlling the market. Control the people and you control the market.
Personally, I hardly ever listen or follow Elon Musk although I do understand how powerful his influence can be over his followers and how disruptive of the market his tweets can be.
- In my personal opinion, he has a great influence on crypto followers and participants, it should also be called the power of the ruling class, the class of a whale giant, many people and including me can feel he is abusing his powers excessively but sometimes it is a jealousy, envy of his ability to control psychology and manage the crypto market, this may only happen for a few weeks but it is enough to speak to the power of Elon Musk. Currently, his campaign in crypto is probably under maintenance, after a successful fix, it is also another boom Personally, I hardly ever listen or follow Elon Musk although I do understand how powerful his influence can be over his followers and how disruptive of the market his tweets can be.
I agree, even if his company invested billions on the market, it slowly dawn to us that he is trying to manipulate the price. That's why his influence has dwindled a bit, not before when every tweet he said will have a drastic effect on the market. Now crypto investors is seeing Musk as playing with us, with the market.
You also have to admit that Elon Musk's interest in bitcoin is to increase Tesla's popularity. His strategy is to adopt bitcoin as a mean of payment at Tesla and has prompted quite a number of other investor to invest. There are positives from Elon Musk's effect on bitcoin, but he also create negative effect in it. While the reaction of trader and investor to his tweet are starting to wane at this point, it look like he's not done yet.And I heard that Tesla will also adopt bitcoin as a means of payment, will this be repeated again with the scenario that has been made? or will create more hype, I'm not sure Elon Musk can move investors again.
Before Elon enters crypto, he is a popular person with his Tesla and he has a huge fan of Twitter. And he thinks that he can use his popularity to influence the crypto, so he tweets about Dogecoin. His plan worked and made many people panic and buying Dogecoin in the rally of the price. And he did that again with Dogecoin and Bitcoin and boom. People seem not to care about his tweet again and do not like Elon.
Before 2020, Elon Musk tweeted about Dogecoin a few times and his tweets affected Dogecoin demand. Elon tested the market and he saw he can do something big with his twitter. I can't remember his first tweet about Dogecoin but perhaps it was in late 2018 or in 2019.I don't see it as coincidence. It is test from Elon indeed. He tested and prepared things before he actually entered the manipulation games in 2020.
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But we do not know how big Elon's power still has after this and maybe Elon has something that we do not know. But I hope Elon will not do the worst thing like before because that can make him in trouble.
Elon loves what he does in crypto market and he will not stop. He has love with money so he will not leave the crypto market. When one loves crypto, he can not leave it.
Before Elon enters crypto, he is a popular person with his Tesla and he has a huge fan of Twitter. And he thinks that he can use his popularity to influence the crypto, so he tweets about Dogecoin. His plan worked and made many people panic and buying Dogecoin in the rally of the price. And he did that again with Dogecoin and Bitcoin and boom. People seem not to care about his tweet again and do not like Elon.
But we do not know how big Elon's power still has after this and maybe Elon has something that we do not know. But I hope Elon will not do the worst thing like before because that can make him in trouble.
But we do not know how big Elon's power still has after this and maybe Elon has something that we do not know. But I hope Elon will not do the worst thing like before because that can make him in trouble.
This is not true. Satoshi has no more control over the Bitcoin network than yourself, meaning he has none, cause you don't as well. Satoshi created Bitcoin, but control and freedom of personal funds is in the hands of it's users. Whatever manipulation Elon has over the network is only down to people's naivety, if some newbies to crypto are better informed, then we'd never even have to mention Elon Musk in matters concerning Bitcoin manipulation or control.
Lets give a credit to Satoshi for creating bitcoin because if it is not to him I don't know if the cryptocurrency will exists. Today bitcoin is a community driven type of market where I do believe that everyone of us have a control over the market, in individual means it is just a small impact but as a whole we are the life of crypto that fuel it to the fire. But when it comes to Elon Musk I know and in my own opinion he is above the individual member of crypto market, he doesn''t have control over the crypto market but he can influence the mind of people on whatever he's saying.
I agree, even if his company invested billions on the market, it slowly dawn to us that he is trying to manipulate the price. That's why his influence has dwindled a bit, not before when every tweet he said will have a drastic effect on the market. Now crypto investors is seeing Musk as playing with us, with the market.
You also have to admit that Elon Musk's interest in bitcoin is to increase Tesla's popularity. His strategy is to adopt bitcoin as a mean of payment at Tesla and has prompted quite a number of other investor to invest. There are positives from Elon Musk's effect on bitcoin, but he also create negative effect in it. While the reaction of trader and investor to his tweet are starting to wane at this point, it look like he's not done yet.
In the long run I think Elon will have less and less power as he seems to spout off without really thinking it all out first. It is probably good when it drops any way as the weak hands are looking for a reason to exit.
Elon's influence over the crypto market comes from his large social media following and the fact that a lot of his followers believe in him almost religiously and will follow his whims blindly without questioning or taking the time to really research and understand it for themselves.
Actually, it is from his achievement and position. Due to this, his social media accounts have lots of followers thus, anything he says has the power to influence the belief of those who admire him. People look at him as a successful icon when it comes to financial things. So whatever he suggests with regards to investment, many will follow it blindly.
I think the "EM" tweet is no longer valid for bitcoin CS owner after he played the market by revoking his decision to buy Tesla with bitcoin, yesterday seeing new tweet but that the impact was smaller than his first few tweets,
Yeap not as much as his first tweet but still have some little impact to the market especially moving their followers and Tesla fans, He deserve it anyway when basically people already trusting him then he just wasting that. Basically He can change the traditional market since he have some big impact before but yeah now i see Elon as another McAfee. 
Elon's influence over the crypto market comes from his large social media following and the fact that a lot of his followers believe in him almost religiously and will follow his whims blindly without questioning or taking the time to really research and understand it for themselves.
Actually, it is from his achievement and position. Due to this, his social media accounts have lots of followers thus, anything he says has the power to influence the belief of those who admire him. People look at him as a successful icon when it comes to financial things. So whatever he suggests with regards to investment, many will follow it blindly.
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