Musk isn't making that money alone | Bitcointalksearch.org

Maslate

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Quote from: TheMimic1 on May 17, 2021, 08:28:49 AM

I can't find prove online where Elon Musk said that BTC is bad, are People just spreading FUD because this man is chilling coins they expected the least?

He did not say that as he is also an investor of Bitcoin, he never tells people about his participation and investment to keep his name safe from media and that is why he just tells that Tesla did this.
But I don't believe you never see or hear his announcement that Tesla doesn't accept Bitcoin anymore. Maybe we could ask how about those Bitcoins that the company had? Are they dumping it now that causes the sudden price fall? That something be right and can't blame people that they are talking bad towards Elon as he was the reason for this (in his tweet).

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Most people I knew said why Doge coin of all coins but mind you this guy have already changed the lives of many this year, those who can't afford costly coins have make some good money through doge, I used to own two million pieces of doge coin myself just for fun sake, I never knew this day will come, the fact is crypto is a land of opportunities, just ride along and drop off at a certain destination and wait for the next ride another time.

If you think that Doge could save you and change your life, it was your choice, nobody stopping you. But I hope you won't regret it later.

imstillthebest

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Quote from: Himalayacoin007 on May 18, 2021, 07:32:14 AM

At this point it’s trolling & or market manipulation. If he carries on with these games he’s going to end up in prison or somebody will have a price on his head. People don’t take kindly to losing millions & millions of $.

trolling is not a crime for you to go in jail .
someone can get offended with it and take it seriously but they will be having a hard time to reach musk because the guy is rich and have many body guards around him .
same as manipulation , its also a thing in investment markets .

Quote from: TheMimic1 on May 17, 2021, 08:28:49 AM

I can't find prove online where Elon Musk said that BTC is bad, are People just spreading FUD

no they are not spreading fud because they have a proof . below is a link to elons tweet about btc .
he didnt directly said btc is bad but it was being closed to that .
https://mobile.twitter.com/elonmusk/status/1392602041025843203

Johnyz

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I understand the hate but yeah, many becomes an instant millionaire because of the recent pump and dump in the market but obviously still many newbies are also losing money simply because they follow the Tweet of Musk without educating themselves, and now they are blaming Elon on why they lose such money, they can't control their emotions because they only think about the tweets of Elon which is too risky to follow all the time.

Himalayacoin007

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At this point it’s trolling & or market manipulation. If he carries on with these games he’s going to end up in prison or somebody will have a price on his head. People don’t take kindly to losing millions & millions of $.

iTradeChips

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Quote from: FloridaKid on May 17, 2021, 08:34:56 AM

It's like the Ying Yang theory Grin

as bad as McAfee is in the eye of many I was able to earn some money because he hyped a project I invested in, a man can't satisfied the whole world, some will earn favours from him and some will hate him, in crypto space if you aren't greedy and you know the rules of bull and bear market you won't even sink but everything lessons comes with some losses anyways

If you gave trust to Mcafee at the time then it must be a weird but admirable gamble that you did because you were able to earn a profit from it. Mcafee is no longer a trusting figure in cryptocurrency so if ever he said something now, nobody will ever listen to him. In the case of Elon Musk, he is a billionaire, he should have other people who might be working for him and is giving him the information that he needs to decide what to do with his cryptocurrency investments. I think these people also have vested interests and might have their own investments so they share with Elon the information they have.

batang_bitcoin

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Quote from: TheMimic1 on May 17, 2021, 08:28:49 AM

I can't find prove online where Elon Musk said that BTC is bad, are People just spreading FUD because this man is chilling coins they expected the least? Most people I knew said why Doge coin of all coins but mind you this guy have already changed the lives of many this year, those who can't afford costly coins have make some good money through doge, I used to own two million pieces of doge coin myself just for fun sake, I never knew this day will come, the fact is crypto is a land of opportunities, just ride along and drop off at a certain destination and wait for the next ride another time.

Congratulations, you must be a Doge millionaire now. I have liked Doge before Elon Musk puts his attention on it but I've missed buying a lot of it for fun. Those who holds it are lucky that Elon has pumped Dogecoin and whether you miss the peak, I'm sure that you're still at profit if you're going to calculate the total profits that you've made. And you've got tremendous and multiplied a lot starting from the capital that you've used when you've bought it.

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Quote from: JooBra on May 17, 2021, 12:18:45 PM

I don't mind what Elon is doing but the people are following him blindly. I think a lot of them lost money with this last dip since they mostly are hype and scare money. At the end all of this will pass and crypto will be on it's track like always. We saw that over the years.

Newbies might be affected of dip since they only knew to follow from hype or tweets created by influencers like Elon, but those who really knows how to trade definitely canntake advantage to make it their profit as well, we can know fact that when we earn probably someone losses their money in trading. Many can join Musk in earning whenever he tweets as well some might be left behind when no knowledge at atll about how trading or how it works.

SquallLeonhart

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Quote from: JooBra on May 17, 2021, 12:18:45 PM

I don't mind what Elon is doing but the people are following him blindly. I think a lot of them lost money with this last dip since they mostly are hype and scare money. At the end all of this will pass and crypto will be on it's track like always. We saw that over the years.

That is what I am worried about as well. I mean Elon could tweet all day, hell I can tweet and nobody would give a damn about it right? Why would they, who am I? Elon on the other hand is a very rich businessman and that is somehow a good enough reason to sell your bitcoins? I do not think so. He may have been part of paypal, he may have founded tesla and spacex but none of those things are remotely close to related with crypto, even paypal which is at least in the financial sector unlike tesla and spacex, is not even remotely close.

This is why even though he is a very successful businessman who is wealthy beyond 1000 lifetimes worth of money, that still doesn't mean that people should listen to him. The scary part is, this is just elon, and if there are more and more rich people who come out and say stuff like this, that would be death of bitcoin by the looks of it if we do not stop this madness.

Fivestar4everMVP

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One thing I know for sure is that before Elon musk started shilling dogecoin, he probably have secretly bought hundreds of billions of it cus it was extremely cheap, he knowing that he has the power to move the market to whatever direction he wants, for those who would want to ask why Elon went with dogecoin, dogecoin was the cheapest decentralized top 50 altcoin which with a little amount of money, he could own hundreds of billions of it , he's bought plenty of dogecoin before he started shilling and like it or not, Elon cashed made a lot of money from dogecoin, and sure, he didn't make the money alone, those who owned dogecoins before the shill began are lucky as they made quite a lot of money.
But now, many people are beginning to hate musk cus they feel he's the reason why the whole crypto market is crashing, I in my own point of view don't see it this way, what I feel is that stupid people who turned Elon musk to their god are the reason why the Market is crashing.

Bravehash

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Quote from: JooBra on May 17, 2021, 12:18:45 PM

I don't mind what Elon is doing but the people are following him blindly. I think a lot of them lost money with this last dip since they mostly are hype and scare money. At the end all of this will pass and crypto will be on it's track like always. We saw that over the years.

Many thought it was over in the last market dip and they took their losses but later market bounce back again, the truth is people don't care about what a project have to offer than how much they can make, they are ready to invest on pump and dump projects

DeathAngel

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At this point it’s trolling & or market manipulation. If he carries on with these games he’s going to end up in prison or somebody will have a price on his head. People don’t take kindly to losing millions & millions of $.

JooBra

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I don't mind what Elon is doing but the people are following him blindly. I think a lot of them lost money with this last dip since they mostly are hype and scare money. At the end all of this will pass and crypto will be on it's track like always. We saw that over the years.

TheMimic1

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Quote from: watergold on May 17, 2021, 10:10:09 AM

they are not grateful because they feel that they are still not profitable, even though the price of Dogecoin is still very cheap at that time. or maybe most of them just came to the market and have been provided with the bear market. meanwhile Doge will return when Musk makes a tweet. most of us have benefited Doge, I admit it. but not a few people were almost caught up in high prices when the FUD was deployed and bombed the market with the DOGE issue.

Exactly, many people made lots of money from doge coin alone and yet they feel like it's not enough, people don't understand the law of crypto investment, things don't always stay the same for long, very soon bear market will starts and many will start screaming about losing all they've made.

watergold

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they are not grateful because they feel that they are still not profitable, even though the price of Dogecoin is still very cheap at that time. or maybe most of them just came to the market and have been provided with the bear market. meanwhile Doge will return when Musk makes a tweet. most of us have benefited Doge, I admit it. but not a few people were almost caught up in high prices when the FUD was deployed and bombed the market with the DOGE issue.

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Quote from: Oasisman on May 17, 2021, 08:54:34 AM

Well, he didn't say Bitcoin is bad, infact he's a crypto supporter. But the fact that he's trying to manipulate the market, then it's safe to say that he's messing and trolling around in a smart way. He's spreading FUD as well after he tried to tease that he's going to sell all Tesla's Btc holdings. Look at how Bitcoin gradually dropped after his negative tweets about Bitcoin.

He isn't saying Bitcoin is bad as an investment but he is emphasizing that Bitcoin isn't eco friendly due to the huge demand on energy. It is an indirect saying that Bitcoin is bad for the environment.

Quote from: Oasisman on May 17, 2021, 08:54:34 AM

However, Bitcoin is such a volatile asset anyway, with or without Elon Musk and lucky are those who bought Doge before 2021. A person like you might be happy with what Elon has been doing in crypto community right now lol.

Well possibly, people who gain from Elon's crypto meddling are happy and thankful to him but those who lost a lot are not.

Galley

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Quote from: Nalbo on May 17, 2021, 08:44:21 AM

What Elon Musk said is he's reversing the decision of Tesla taking bitcoin as a form of payment for car purchase. And the reason he gave is bitcoin mining is an energy intensive process and use of bitcoin would promote fossil fuel use. He don't need to say everything but his worlds speaks his mind that he thinks bitcoin is not the future as it requires a lot of energy which could have been used for something different.

Elon Musk is obviously worried that the energy will not be enough to charge his cars) But seriously, everything he does in this situation is more like banal financial fraud. He either says one thing, then after a while, completely opposite. This is not serious.

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I've also thought so as it crossed your mind. where all the nice people on some of these forum threads, twitter, and all the social media channels started spreading hatred towards Elon Musk. even though when the price of DogeCoin and Bitcoin increased at that time, they made Elon Musk like a savior god.
so who do we need to believe for this incident, then the answer is still to believe that Bitcoin is still with us even though many of the institutions, businessmen, whales are trying to throw off the price. because Bitcoin stands alone and knows when to grow, and when to stop for a moment.

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Musk has been known to move markets with his tweets but they are not always focused towards monetarily gain. He have once stated that the price of tesla stocks is more than it should be and the price plummeted after a long bullish run. He speaks what's in his mind. The decision of buying or selling of crypto by Tesla is not totally depended on Musk decision, there are a lot people to be convinced.

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We admit that Elon and many people are making a lot of money from Dogecoin. It also gives us a new hope that crypto exists and can give us the opportunities to make money, especially in this pandemic. While many people out there still search for new jobs, they can try to join us to make money so they will not lose hope to survive. If more people can join in the crypto, they can get a chance to make money, giving a chance too for crypto to get more adoption.

Oasisman

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Well, he didn't say Bitcoin is bad, infact he's a crypto supporter. But the fact that he's trying to manipulate the market, then it's safe to say that he's messing and trolling around in a smart way. He's spreading FUD as well after he tried to tease that he's going to sell all Tesla's Btc holdings. Look at how Bitcoin gradually dropped after his negative tweets about Bitcoin.

However, Bitcoin is such a volatile asset anyway, with or without Elon Musk and lucky are those who bought Doge before 2021. A person like you might be happy with what Elon has been doing in crypto community right now lol.

Topic: Musk isn't making that money alone (Read 216 times)