What We Should Learn From Elon Musk Influence - page 2.

so98nn

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Great read throughout the thread. Well we have live example one more time. After his recent tweet about the doge and bitcoin where he compared bitcoin with his company named TBC, the course of bitcoin changed one more time. It is going crazy all over again.

I have kinda started to think it’s a pattern here. For each 5k USD slot there is up surge when Elon tweets something. It is but obvious that bitcoin is now headed for the 65k USD target.

Slowly this man only with his tweets will bring bitcoin price to the level of 100k. Mark this post. Cheesy

uelque

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Quote from: TheNineClub on March 13, 2021, 09:24:08 AM

Quote from: uelque on March 13, 2021, 08:57:04 AM

Elon Musk is simply using his influence to gain more profit in cryptocurrency market, to have much more funds to support his project. We have to understand that his company including SpaceX are spending a lot of money to achieve their goals but at the same time it has the possibility to lost lot of its funds in just one mistake. We all witnessed how his rockets failed, and I'm sure its a million dollar rocket. And what do you think is the easiest way to retrieve what was lost if you have the power to influence people and control the market? Trading, I guess that's it.

Influence is power and he is using most of his. That is his strategy, and now that we know, let us take advantage of it and make profit. Wink

Sure, but without speculating on how much he has invested in Bitcoin, I doubt that it can cover the vast amounts that get burned through space x. And even his hype will not affect BTC that much because the fluctuations rely on much more than just one factor. It can cause a slight spike, but that is short lasted and really don't think he is counting on that to finance his endevores.

I am not saying that he is ONLY counting on that to in order to support his endeavour. Of course, if you're a wise man you will not depend yourself on just one financial thing, least you forget, it's Elon Musk.

And I disagree that it won't affect BTC price that much. We should not forget that the market is being drive by human emotions too, their greed and indecision, that is why some Technical Analysis is strongly backed by psychology, some are derived on how people would react in certain market movements. And therefore, Elon Musk will attract lot of greedy and indecisive people and will surely put them in the market. All in all, we're talking about money here, and who wouldn't want it?

But still let's see what will happen...

judeafante

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Quote from: ?? on ??

If indeed we are interested in following Elon Musk to buy altcoins. make sure you buy when the tweet has been created. You must be able to buy quickly. because it can be ensured that if we are late and join in buying, we will be trapped in conditions of already high prices. actually for those who like this kind of trade with a high risk they like the elon musk figure to be able to pump with a strong influence which can make prices rise or fall quickly

Yeah you are right whatever he tweeted will create a huge impact but not a long-lasting impact if he is going to tweet or follow a coin that has a huge impact on the community for a long period of time, he should have tweeted Ethereum first, the Doge Coin ha a hidden agenda behind it, there are investors who lose here, of course, there are long term holders that made a huge profit here

Lordhermes

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What actually can someone learn from the influencer is to know and understand that his influence wouldn't last for ever, on a serious note, his influence on doge helps the coin to a greater high but in future, the hype might stop and the doge coin start depreciation.
But in the long run, the crypto community might get a new influencer that would be more richer than Elon musk.

jaysabi

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Quote from: AndySt on January 25, 2021, 06:27:11 PM

Quote from: jaysabi on January 25, 2021, 05:22:25 PM

There's no evidence that Elon's tweets affected the price of bitcoin. He tweeted about Bitcoin during a bull run and the price was already rising. Any extra effect is likely to be for a limited duration because someone famous saying something about a company doesn't change the fundamentals of the company.
Elon has an overarching feud with Zuckerberg, that's why he's blasting WhatsApp. Since Signal isn't a publicly traded company, there's also no correlation with a stock price move there. However, could someone famous touting a service lead to increased usage of that service? Yeah of course, that's literally what advertising is built off.

About Signal in general, there was a funny story when, as a result of Musk's tweet, investors began to buy shares of Signal Advance and the share price increased 12 times. However, it turned out later, according to the developers, that indeed Signal is not placed on the exchange and Signal Advance has nothing to do with the messenger at all. Therefore, it is still possible to talk about the correlation with the movement with the stock price, but by mistake Wink

Yeah, this is a good example of idiots who just ignorantly jump on whatever Musk says without the smallest inkling of what they're doing. The fact that a totally unrelated company got pumped so hard by investors who mistook it for something Musk was talking about is exactly why his cult of personality is dangerous to lemming investors. Musk is not emotionally or mentally stable enough for people to be basing investment decisions on things he says, so I don't feel bad any of those people FOMOing into Signal Advance got burned.

jaberwock

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Quote from: Sithara007 on March 12, 2021, 10:28:09 PM

Apart from Bitcoin, Elon hasn't explicitly asked anyone to invest in any other cryptocurrency. If you look at his tweets related to DOGE coin, it can be seen that he has never asked his twitter followers to invest in it. Neither has he claimed that DOGE is a good speculative investment asset. But as you said, Elon is like a double edged sword. If he can pump the prices with his tweets, for sure he can cause a drop as well.

Yes, he played around his tweets very smartly. He created polls and asked followers whether dogecoin to the moon or other cryptos to the moon which ultimately created an image among investors and traders that he is putting dogecoin against all other cryptos which sounded like something big is going to happen with the dogecoin.

It's similar to asking chips vs the fast food poll, then although not promoting you are consciously pushing the value of chips Grin

People went crazy because it was a kind of domino effect, when one buys a coin, others follow and hence the price keeps rising because everyone is buying looking at each other until the trend stops and the dump starts. I have no doubt that EM musked the price for dogecoin for whatever intention he had.

Golftech

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Quote from: oHnK on March 13, 2021, 12:21:23 PM

Quote from: dimonstration on March 13, 2021, 11:05:37 AM

Quote from: ?? on ??

If indeed we are interested in following Elon Musk to buy altcoins. make sure you buy when the tweet has been created. You must be able to buy quickly. because it can be ensured that if we are late and join in buying, we will be trapped in conditions of already high prices. actually for those who like this kind of trade with a high risk they like the elon musk figure to be able to pump with a strong influence which can make prices rise or fall quickly

There were many who benefitted in Elon tweets especially in BTC and Doge. If we wanted to ride on the hype we better be updated but when it comes to BTC or ETH there is no much impact now since there are already who invested in it but if ever he will tweet again new alts, it can definitely give an impact and many followers will sure to follow.

Unfortunately this is the trend that is happening. Influential people make a big impact on the price of crypto. Due to the current high price of Bitcoin it is also their big role and their tweets. Without Elon Musk, maybe at this time Doge is still at a minimalist price. The power of influence was immense. Can move whatever he influences. That's how it works today.

There are followers who are blindly supporting those known personalities, they able to bring

huge impacts to thier chosen project and make it move the way they wanted it to happened.

With those addition to this industry, bgi names like Elon Musk really affects the entire market

each time he tweeted about cryptocurrency.

skarais

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Quote from: Raflesia on March 13, 2021, 12:14:26 PM

Actually, we don't need to follow in the footsteps of Elon Musk's tweets. I'm afraid it will be a risk for when you are late in buying and selling, sometimes they just make it up to create new hype so this can lead to the altcoins that have been created in the hype to the best of your ability. maybe when buying altcoins you have to be quick when the pumping happens therefore I think Elon Musk is now more and more looking forward to with his new tweets.

It is true we have to be careful in this case not to follow the direction of others while the risk is borne by us. The movements are indeed very active and fluctuating, but that can be made by us how to see the real market.

People are getting more and more attracted to hype because they might be able to turn a profit quickly once the hype is created. EM's influence on Doge is huge and people are looking forward to his new tweet. This is a very risky but also lucrative situation. It is a habit that something that is driven by hype has a very large degree of fluctuation. If people bought at that high price then they would be stuck for the day if they still held on to it.

Remember that the hype is only temporary and it is still very possible that EM will choose another altcoin to be mentioned in its tweet and of course it will affect the altcoin price that was tweeted earlier. Do it with caution because everything is the responsibility of yourself.

oHnK

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Quote from: dimonstration on March 13, 2021, 11:05:37 AM

Quote from: ?? on ??

If indeed we are interested in following Elon Musk to buy altcoins. make sure you buy when the tweet has been created. You must be able to buy quickly. because it can be ensured that if we are late and join in buying, we will be trapped in conditions of already high prices. actually for those who like this kind of trade with a high risk they like the elon musk figure to be able to pump with a strong influence which can make prices rise or fall quickly

There were many who benefitted in Elon tweets especially in BTC and Doge. If we wanted to ride on the hype we better be updated but when it comes to BTC or ETH there is no much impact now since there are already who invested in it but if ever he will tweet again new alts, it can definitely give an impact and many followers will sure to follow.

Unfortunately this is the trend that is happening. Influential people make a big impact on the price of crypto. Due to the current high price of Bitcoin it is also their big role and their tweets. Without Elon Musk, maybe at this time Doge is still at a minimalist price. The power of influence was immense. Can move whatever he influences. That's how it works today.

Raflesia

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Quote from: Ridwan Fauzi on March 13, 2021, 10:41:15 AM

Quote from: ?? on ??

If indeed we are interested in following Elon Musk to buy altcoins. make sure you buy when the tweet has been created. You must be able to buy quickly. because it can be ensured that if we are late and join in buying, we will be trapped in conditions of already high prices. actually for those who like this kind of trade with a high risk they like the elon musk figure to be able to pump with a strong influence which can make prices rise or fall quickly

Actually it depends on which coin that you buy, if you buy an altcoin like Doge coin then your statemnet will be right, you have to buy quickly because its price movement will be more volatile. And if you have got a high return then you have to sell the coin because the drop price will come as soon as possible.

So as you have to be carefull when you buy an altcoin, it will be different if you buy bitcoin. I guess if Elon Musk or other person who has a popularity buy bitcoin then there is a chance for the market movement will be held for long time. You just need to be patient to hold the coin and ignore some bad suggestion.

Actually, we don't need to follow in the footsteps of Elon Musk's tweets. I'm afraid it will be a risk for when you are late in buying and selling, sometimes they just make it up to create new hype so this can lead to the altcoins that have been created in the hype to the best of your ability. maybe when buying altcoins you have to be quick when the pumping happens therefore I think Elon Musk is now more and more looking forward to with his new tweets.

It is true we have to be careful in this case not to follow the direction of others while the risk is borne by us. The movements are indeed very active and fluctuating, but that can be made by us how to see the real market.

dimonstration

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Dimon6969

Quote from: ?? on ??

If indeed we are interested in following Elon Musk to buy altcoins. make sure you buy when the tweet has been created. You must be able to buy quickly. because it can be ensured that if we are late and join in buying, we will be trapped in conditions of already high prices. actually for those who like this kind of trade with a high risk they like the elon musk figure to be able to pump with a strong influence which can make prices rise or fall quickly

There were many who benefitted in Elon tweets especially in BTC and Doge. If we wanted to ride on the hype we better be updated but when it comes to BTC or ETH there is no much impact now since there are already who invested in it but if ever he will tweet again new alts, it can definitely give an impact and many followers will sure to follow.

conected

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Quote from: uelque on March 13, 2021, 08:57:04 AM

Elon Musk is simply using his influence to gain more profit in cryptocurrency market, to have much more funds to support his project. We have to understand that his company including SpaceX are spending a lot of money to achieve their goals but at the same time it has the possibility to lost lot of its funds in just one mistake. We all witnessed how his rockets failed, and I'm sure its a million dollar rocket. And what do you think is the easiest way to retrieve what was lost if you have the power to influence people and control the market? Trading, I guess that's it.

Influence is power and he is using most of his. That is his strategy, and now that we know, let us take advantage of it and make profit. Wink

- Well, we don't have the same influence as Elon Musk but we do know his method of influence, as long as we follow his line of thought, we will capture the next trend, I know this is the thought you are calculating but if I can such calculation, many others also not an exception, and if the crowd follows a line of thinking, no one will benefit in this situation, this market needs losers. Some other influencers will probably generate the opposite flow of thinking or the big investors will steer this boat in their favor, therefore, Elon Musk's opinion is not always to be followed

Ridwan Fauzi

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Quote from: ?? on ??

If indeed we are interested in following Elon Musk to buy altcoins. make sure you buy when the tweet has been created. You must be able to buy quickly. because it can be ensured that if we are late and join in buying, we will be trapped in conditions of already high prices. actually for those who like this kind of trade with a high risk they like the elon musk figure to be able to pump with a strong influence which can make prices rise or fall quickly

Actually it depends on which coin that you buy, if you buy an altcoin like Doge coin then your statemnet will be right, you have to buy quickly because its price movement will be more volatile. And if you have got a high return then you have to sell the coin because the drop price will come as soon as possible.

So as you have to be carefull when you buy an altcoin, it will be different if you buy bitcoin. I guess if Elon Musk or other person who has a popularity buy bitcoin then there is a chance for the market movement will be held for long time. You just need to be patient to hold the coin and ignore some bad suggestion.

TheNineClub

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Quote from: uelque on March 13, 2021, 08:57:04 AM

Elon Musk is simply using his influence to gain more profit in cryptocurrency market, to have much more funds to support his project. We have to understand that his company including SpaceX are spending a lot of money to achieve their goals but at the same time it has the possibility to lost lot of its funds in just one mistake. We all witnessed how his rockets failed, and I'm sure its a million dollar rocket. And what do you think is the easiest way to retrieve what was lost if you have the power to influence people and control the market? Trading, I guess that's it.

Influence is power and he is using most of his. That is his strategy, and now that we know, let us take advantage of it and make profit. Wink

Sure, but without speculating on how much he has invested in Bitcoin, I doubt that it can cover the vast amounts that get burned through space x. And even his hype will not affect BTC that much because the fluctuations rely on much more than just one factor. It can cause a slight spike, but that is short lasted and really don't think he is counting on that to finance his endevores.

uelque

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Elon Musk is simply using his influence to gain more profit in cryptocurrency market, to have much more funds to support his project. We have to understand that his company including SpaceX are spending a lot of money to achieve their goals but at the same time it has the possibility to lost lot of its funds in just one mistake. We all witnessed how his rockets failed, and I'm sure its a million dollar rocket. And what do you think is the easiest way to retrieve what was lost if you have the power to influence people and control the market? Trading, I guess that's it.

Influence is power and he is using most of his. That is his strategy, and now that we know, let us take advantage of it and make profit. Wink

whyrqa

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Very often, in the direction of Elon, Mask now speaks negatively, as if he is speculating with his tweets and deliberately by his actions interests people in investing in one or another cryptocurrency. Of course, Elon Musk's tweets do not directly call for certain actions of cryptocurrency users, but at the same time, each of us makes a choice on our own and no one is to blame for certain results, except for the favored person himself.

Kittygalore

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What I have learned from Elon's influence is that I should follow the crowd because what Elon is going to preach is definitely going to go up, this is an observe phenomenon for a long time and I think that with the current population being fanatics of celebrities, I think that that phenomenon is more evident more than ever. So next time, Elon says that you should buy Doge or Bitcoin or any coin for that matter, buy it even though by the time the tweet was posted, the prices were already climbing, you can still get some money out of it because a hype won't die that easy.

Sithara007

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Quote from: ?? on ??

If indeed we are interested in following Elon Musk to buy altcoins. make sure you buy when the tweet has been created. You must be able to buy quickly. because it can be ensured that if we are late and join in buying, we will be trapped in conditions of already high prices. actually for those who like this kind of trade with a high risk they like the elon musk figure to be able to pump with a strong influence which can make prices rise or fall quickly

Apart from Bitcoin, Elon hasn't explicitly asked anyone to invest in any other cryptocurrency. If you look at his tweets related to DOGE coin, it can be seen that he has never asked his twitter followers to invest in it. Neither has he claimed that DOGE is a good speculative investment asset. But as you said, Elon is like a double edged sword. If he can pump the prices with his tweets, for sure he can cause a drop as well.

Quidat

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Quote from: In the silence on March 12, 2021, 01:17:59 PM

Quote from: Wenbing on January 25, 2021, 01:55:40 AM

-snip

We should learn that we must know where to put ourselves in regarding on tweets of a wealthy man who puts cryptocurrency on trends. On the other hand, it's like elon musk promotes or advertises cryptocurrency which is a good thing on crypto but the down part is that it cost pump and dump on a certain altcoin or even bitcoin. That's why we should always consider risk management regarding on trading. The power of influence affects the market just like how a popular celebrity promotes a certain product.

Lets always remember that we shouldnt really be always attached with Fomo, once you do get caught yourself in the middle then you would really be having a hard time on catching up.
When it comes to sentiment then we should really know on when to get in and when to get out because not all positive sentiments or words would always accompanied with rise.
You wouldnt know if it turns out to be deceptive or real one or just simply a personal own views but people do take it seriously from time to time specially if it came from a popular person.
It can really influenced out the market considering on how this man is capable in terms of financial.

In the silence

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''Vincit qui se vincit''

Quote from: Wenbing on January 25, 2021, 01:55:40 AM

-snip

We should learn that we must know where to put ourselves in regarding on tweets of a wealthy man who puts cryptocurrency on trends. On the other hand, it's like elon musk promotes or advertises cryptocurrency which is a good thing on crypto but the down part is that it cost pump and dump on a certain altcoin or even bitcoin. That's why we should always consider risk management regarding on trading. The power of influence affects the market just like how a popular celebrity promotes a certain product.

Topic: What We Should Learn From Elon Musk Influence - page 2. (Read 1452 times)