What if Elon musk launches his own coin? - page 3.

Mahanton

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Quote from: Judrob on August 27, 2021, 02:44:30 PM

Quote from: Rruchi man on May 14, 2021, 10:20:41 AM

The name and personality of Elon musk has been trending lately, for good and bad reasons. Some blame him for the recent down in price of btc with his recent tweet, some suspect that he has a plan to manipulate the market to the favour of doge coin which he has recently been a strong advocate for.

What if Elon musk takes this opportunity of popularity and influence to start and launch his own coin to the market?

Do you think an altcoin created by Elon musk will do well in the market?

In my opinion this market is bigger than that one man can manipulate it. He can take some actions but only on the people who scare and sell without enough thinking. These types of rise and fall can be only appealing for the short term investors. Don't stress out yourself too much in this period. Stay calm, think and research more and hodl. I see this market as an opportunity to buy more of my favorite altcoins while they are still at their bargain price level. In fact, I've already loaded up my bags with ETH, LTC, ADA, and BNB. I believe they are excellent for long-term investments.
I also bought some #Stakenet #XSN with my leftover funds. This coin is a profit machine. Wait until it reaches its full potential.

Considering the total capitalization of the market then we can say that he isnt really that capable enough on driving off markets in literal manner or lets say with money but rather he could really make big effects

when he do drive out the community on emotional aspect on where people could really decide on selling or buying depending on whats been suggested and its always been like this.
Some would say that they do really hate up Elon but in the end of the day they would still follow on whatever he intends to do or act according on whats
been suggested.

Judrob

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Quote from: Rruchi man on May 14, 2021, 10:20:41 AM

The name and personality of Elon musk has been trending lately, for good and bad reasons. Some blame him for the recent down in price of btc with his recent tweet, some suspect that he has a plan to manipulate the market to the favour of doge coin which he has recently been a strong advocate for.

What if Elon musk takes this opportunity of popularity and influence to start and launch his own coin to the market?

Do you think an altcoin created by Elon musk will do well in the market?

In my opinion this market is bigger than that one man can manipulate it. He can take some actions but only on the people who scare and sell without enough thinking. These types of rise and fall can be only appealing for the short term investors. Don't stress out yourself too much in this period. Stay calm, think and research more and hodl. I see this market as an opportunity to buy more of my favorite altcoins while they are still at their bargain price level. In fact, I've already loaded up my bags with ETH, LTC, ADA, and BNB. I believe they are excellent for long-term investments.
I also bought some #Stakenet #XSN with my leftover funds. This coin is a profit machine. Wait until it reaches its full potential.

Rakeshten

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If Elon Musk launches his own coin, he would be shilling every time for his token. He would tweet that they will only accept Elon Currency in Tesla and SpaceX. So again BTC can go down and people will start buying Elon's coin. So I think he should not launch his own coin.

usaha jaya

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It's enough to make the market shake a little because he is looking for his own profit, he can manipulate the market for big profits like what happened to DOGE a few months ago. But Even though he has everything it takes to create a coin I don't think he will because for now there is no sign of him doing any token generation.

South Park

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Quote from: Sithara007 on August 16, 2021, 11:35:18 PM

He may be able to make billions of USD in profit if he comes up with his own coin. But then, it will also make him liable to charges of market manipulation. In the past, he manipulated the cryptocurrency market multiple times (by promoting shitcoins such as Doge). He was able to avoid legal action, because no one could prove that he personally benefitted from the manipulation. But this will change, in case he comes up with his own coin. He can no longer say that no personal benefits are being made, in such a situation.

I am pretty sure that even in that case he will be able to get away with it, right now Elon is the golden boy and everyone thinks highly of him so he can get away with a lot of things that will be impossible for us, however if the time comes in which he falls out of grace with the powerful then that is when they could use this against him so I doubt he is going to be so open about this, especially since we know what happened to Zuckerberg when he wanted to release his own coin.

Rikotin

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i know that he is the richest man in the world and can easily do anything ostensibly to attract hype. I honestly want to say here that he played the role of a clown and changed the market as his gaming platform, made the market manipulated and did it as a pump and dump Roll Eyes

bakasabo

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I think that if Elon Musk launches his own crypto related project, he will instantly receive claims for market manipulation and fair competition. Some will use his project to earn, others will claim him as a scammer, because "he has created that just to get rich". And the number of "negatively thinking people" will be more than those who would be happy. Such situation will also negative effect his other projects like Tesla and SpaceX. And I think he wishes to harm them through launching his own crypto project. That is why we wont see him launching own coin or token.

andeluna

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Quote from: Rruchi man on May 14, 2021, 10:20:41 AM

Do you think an altcoin created by Elon musk will do well in the market?

one of the riches man in the world do you think he cannot? obviously he can do it well if he will totally make his own altcoin like btc. A man with lots of asset investors and money can make his any plan to be successfull specially in this kind of platform that high value of money involved

Sithara007

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He may be able to make billions of USD in profit if he comes up with his own coin. But then, it will also make him liable to charges of market manipulation. In the past, he manipulated the cryptocurrency market multiple times (by promoting shitcoins such as Doge). He was able to avoid legal action, because no one could prove that he personally benefitted from the manipulation. But this will change, in case he comes up with his own coin. He can no longer say that no personal benefits are being made, in such a situation.

yananda

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Quote from: Xampeuu on August 16, 2021, 11:06:56 PM

Quote from: ?? on ??

With the big name of Elon Musk, many people will join his project if he launched his coin. People may not care what project it is, they will trust the project to be successful because it is created by Elon Musk. So, although he will create a meme coin, people will buy the coin for sure. They know that Elon Musk will pump it every time Elon tweets. But buying it is indeed very high risk.

as is the case today where he made several tweets that still have an influence on crypto developments in general. and I thought the coins in the name of Elon would be in great demand, until finally they waited for the coins to pump and they were out of the market. so basically they will only look for good returns, because most of them know the risks

Of course it will make him richer, i think it would be better if Elon didn't interfere and focus on the big company he owns
it's hard to resuscitate some people who are already affected

Xampeuu

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Quote from: ?? on ??

With the big name of Elon Musk, many people will join his project if he launched his coin. People may not care what project it is, they will trust the project to be successful because it is created by Elon Musk. So, although he will create a meme coin, people will buy the coin for sure. They know that Elon Musk will pump it every time Elon tweets. But buying it is indeed very high risk.

as is the case today where he made several tweets that still have an influence on crypto developments in general. and I thought the coins in the name of Elon would be in great demand, until finally they waited for the coins to pump and they were out of the market. so basically they will only look for good returns, because most of them know the risks

Qikiye

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List of richest people in the world Elon Musk is the richest man in the world. It is not at all impossible for him to launch coins in his own name. The market has launched many Mimi coins in his name. However, on his behalf, without dogecoin I don't see any other coin making announcement. However, everyone thinks that coins will come in the market in his own name in the future.

milewilda

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Quote from: Vaskiy on August 16, 2021, 04:52:06 PM

Quote from: topbitcoin on August 16, 2021, 04:32:40 PM

Quote from: Rruchi man on May 14, 2021, 10:20:41 AM

What if Elon musk takes this opportunity of popularity and influence to start and launch his own coin to the market?

Do you think an altcoin created by Elon musk will do well in the market?

Actually he can use his influence to create hype for his coin. Especially if he connect or maybe people can use his coin that have correlation with his company. In other side, because Elon Musk already rich, people can think he not really care about money for himself so can focus to develop his own coin. But that is only what is on my mind if i be Elon Musk and created coin.

Even now we can see potential projects owned by reputed firms on the cryptospace making its pre-sale getting over within seconds and minutes. Same as this he'll get more users and investors if a separate cryptocurrency is being developed. This hype will provide good market to his coin, but it won't get to be competing with bitcoin. Same as other altcoins we'll have one more added to the number of altcoins.

Depending on how they hype would be built of because even he do have some bad reputation on this community but once the hyped been established then you could really expect that this coin would be sold out in no time.
People are really afraid to missed out the community hype even despite of those past issues,they dont really mind of such thing.If Elon would launch up his new coin then for sure there are still people whom do really
love to dive in despite of the risk.They are after for short term aspects and it would be no surprise that there are believers for this coin to go for long term.Well, we do have our own different decisions
since its our money then its our decision to be made.

Vaskiy

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Quote from: topbitcoin on August 16, 2021, 04:32:40 PM

Quote from: Rruchi man on May 14, 2021, 10:20:41 AM

What if Elon musk takes this opportunity of popularity and influence to start and launch his own coin to the market?

Do you think an altcoin created by Elon musk will do well in the market?

Actually he can use his influence to create hype for his coin. Especially if he connect or maybe people can use his coin that have correlation with his company. In other side, because Elon Musk already rich, people can think he not really care about money for himself so can focus to develop his own coin. But that is only what is on my mind if i be Elon Musk and created coin.

Even now we can see potential projects owned by reputed firms on the cryptospace making its pre-sale getting over within seconds and minutes. Same as this he'll get more users and investors if a separate cryptocurrency is being developed. This hype will provide good market to his coin, but it won't get to be competing with bitcoin. Same as other altcoins we'll have one more added to the number of altcoins.

topbitcoin

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Quote from: Rruchi man on May 14, 2021, 10:20:41 AM

What if Elon musk takes this opportunity of popularity and influence to start and launch his own coin to the market?

Do you think an altcoin created by Elon musk will do well in the market?

Actually he can use his influence to create hype for his coin. Especially if he connect or maybe people can use his coin that have correlation with his company. In other side, because Elon Musk already rich, people can think he not really care about money for himself so can focus to develop his own coin. But that is only what is on my mind if i be Elon Musk and created coin.

South Park

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Quote from: ReiMomo on August 16, 2021, 02:48:27 PM

If Elon Musk launches then, I would certainly invest more on his coin. Why? Is it because the coin was created by Elon Musk? No, the business behind his name. The coin is going to be used to pay him back if anyone is going to purchase his brand cars or etc. The coin is going be much valued as his business grows obviously.

The objective is his business not his name. As an investor I would better see it from business aspect rather than blindly investing.

Everyone can do whatever they want with their money, however it is obvious to me that Elon is looking to make some easy money and what better way than to use newbies that are going to believe in whatever he says and that will basically give him his money for free? To me it is not a good idea to invest in that hypothetical coin because he has shown that he does not care about anything but himself, and while he will not scam newbies as that will put a dent to his image he will surely disappoint them if he were to release his own coin as it will be nothing more but a money grab.

Traderbtcc

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He doesn't need to launch his own coin, he already has his balls deep for dogecoin Cheesy

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Quote from: Opulous-bct on May 14, 2021, 11:19:07 AM

He already has his own coin, he just needs to claim it.

Bitclout. Where every famous guy already has his own coin;) And just doesn't know about it yet.

And what makes think that Bitclout will be traded or well known? I have heard about this Bitclout for a while now, it was trending during the time tweet NFTs was trending, but now both of them are no longer trending, I don't think anyone even visits that Bitclout site anymore, I bet all the famous people have deserted it since crypto peeps on twitter decided not to follow them to Bitclout.

ReiMomo

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If Elon Musk launches then, I would certainly invest more on his coin. Why? Is it because the coin was created by Elon Musk? No, the business behind his name. The coin is going to be used to pay him back if anyone is going to purchase his brand cars or etc. The coin is going be much valued as his business grows obviously.

The objective is his business not his name. As an investor I would better see it from business aspect rather than blindly investing.

Insomnia family

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I'm not going to say that it won't happen especially the guy has a lot of money and of course he can easily do it because he a lot of money. but as far as I can see, he seems to prefer manipulating the market by encouraging his followers.

Evgenklm

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It seems to me that he does not need this, he is so good with capital, it is easier for him, against the background of his fame and media, to manipulate the price of a coin that he wants, and to be honest, with his capabilities, he could build a good project based on blockchain.

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