Topic: Will Bitcoin's Price be affected by this? (Read 744 times)
Elon Musk now has an influence because it is officially the owner of Twitter, of course whatever he tweets will be easy to be trending and if he makes a negative tweet then the influence on the market, but we don't worry because the whale is not visible cryptocurrencies is very much and more influential than Elon Musk .
Elon Musk now has an influence because it is officially the owner of Twitter, of course whatever he tweets will be easy to be trending and if he makes a negative tweet then the influence on the market, but we don't worry because the whale is not visible cryptocurrencies is very much and more influential than Elon Musk .
Twitter and the market have no relation and Elon owning twitter does not make his reputation bigger in the market. In the past, he has deliberately manipulated the market a few times and people realize it too. If he keeps doing the same things when he owns this social network, people will leave it and his reputation will go down. You should remember that the market is full of whales but no one can manipulate the market, if any affect only a few coins in a certain period of time.
Elon Musk officially became the new owner of the social network Twitter today.
Of course, this will not affect bitcoin or the market, but recent information has also been announced by CZ, that he has also contributed to helping Elon own Twitter.
With this news, I believe it will have an impact on the crypto market in the near future. Twitter is considered the top favorite space of crypto investors.
Do you think this will benefit the market or will it harm the market, it will be easier for Elon to manipulate the market and CZ is becoming a monopoly in many areas of the market??
https://www.cnbc.com/2022/10/27/elon-musk-now-in-charge-of-twitter-ceo-and-cfo-have-left-sources-say.html
https://www.coindesk.com/business/2022/10/28/binances-cz-confirms-participating-as-equity-investor-in-musks-twitter-takeover/
Of course, this will not affect bitcoin or the market, but recent information has also been announced by CZ, that he has also contributed to helping Elon own Twitter.
With this news, I believe it will have an impact on the crypto market in the near future. Twitter is considered the top favorite space of crypto investors.
Do you think this will benefit the market or will it harm the market, it will be easier for Elon to manipulate the market and CZ is becoming a monopoly in many areas of the market??
https://www.cnbc.com/2022/10/27/elon-musk-now-in-charge-of-twitter-ceo-and-cfo-have-left-sources-say.html
https://www.coindesk.com/business/2022/10/28/binances-cz-confirms-participating-as-equity-investor-in-musks-twitter-takeover/
Now, my question is what impact do you think Mr. Musk's purchase of Twitter will have on Bitcoin's price if he succeeds?
Why do people always connect to bitcoin whatever Elon Musk will do. The purchase didn't even said anything about it so there is no reason to speculate if it will make an impact on its price. He even stopped posting crypto-related stuffs now since he realized that he can move the market with his influence by doing it on dogecoin last year. We should not treat him or any famous personality as a signal to buy bitcoin or any other cryptocurrencies.
Honestly, I don't see any interest in bitcoin or cryptocurrencies from Elon what he wants is just for his own gain and he saw that it is possible to manipulate the market to make a profit for himself and he succeeded once in the past when shilling bitcoin and doge. Regarding the acquisition of Twitter, I think he has a plan for his business, he is quite busy with tesla and his other companies, and I don't think he has enough time to buy Twitter just for crypto purposes. Don't overestimate him as a true crypto fan with just a few tweets from him.
What about the most of us? I think many of us don't also care about the cryptos but we only buy and hodl them for the sake of earning a profit. The real ones that care are the ones who use their coins for payment purposes only and they never made a complaint whatever the price ends up but what is only important for them is that they can send or receive money seamlessly without any restrictions. There's no need for Elon to buy twitter if all what he wants is to manipulate cryptos again because he already did it in the past but he buys it because he have a different plan. We are clueless for now but we will soon have a hint if what is it.
If Musk was going to make a difference in speculation it would it would have happened by now. As the worlds richest man of course it can cause an effect but its going to have to be on action not speculation of what might be, people presume Musk will talk and do little on this point as its not really engineering but more of an ego move on his part.
I think BTC price needs to 20.2k at least before we take any positive occurring from here.
I think BTC price needs to 20.2k at least before we take any positive occurring from here.
Honestly, I don't see any interest in bitcoin or cryptocurrencies from Elon what he wants is just for his own gain and he saw that it is possible to manipulate the market to make a profit for himself and he succeeded once in the past when shilling bitcoin and doge. Regarding the acquisition of Twitter, I think he has a plan for his business, he is quite busy with tesla and his other companies, and I don't think he has enough time to buy Twitter just for crypto purposes. Don't overestimate him as a true crypto fan with just a few tweets from him.
What about the most of us? I think many of us don't also care about the cryptos but we only buy and hodl them for the sake of earning a profit. The real ones that care are the ones who use their coins for payment purposes only and they never made a complaint whatever the price ends up but what is only important for them is that they can send or receive money seamlessly without any restrictions. There's no need for Elon to buy twitter if all what he wants is to manipulate cryptos again because he already did it in the past but he buys it because he have a different plan. We are clueless for now but we will soon have a hint if what is it. Now, my question is what impact do you think Mr. Musk's purchase of Twitter will have on Bitcoin's price if he succeeds?
Why do people always connect to bitcoin whatever Elon Musk will do. The purchase didn't even said anything about it so there is no reason to speculate if it will make an impact on its price. He even stopped posting crypto-related stuffs now since he realized that he can move the market with his influence by doing it on dogecoin last year. We should not treat him or any famous personality as a signal to buy bitcoin or any other cryptocurrencies.
Now, my question is what impact do you think Mr. Musk's purchase of Twitter will have on Bitcoin's price if he succeeds?
His favorite coin is dogecoin, if there is any effect from this sale, I think dogecoin is the beneficiary, not bitcoin. This is very interesting news but obviously there is no connection between twitter and bitcoin here. Everything will be very interesting if Elon really becomes the owner of this social network, I know he is a very smart person, he bought it must have fully planned his work but he is also an investor holding bitcoin and dogecoin. There will definitely be some interesting things to watch out for on the market when he officially owns it.
This an old news of Elon musk buying Twitter. And secondly this buying of Twitter don't have anything to do with cryptocurrency price, those one of the major factors that increase the Bitcoin mining and investors, Elon musk is a business minded person that wants to diversify his source of income, so he building his pathways of money doesn't have anything related to Bitcoin increment, i think the frame of your composition is wrong conception.
Many people are afraid that the price of bitcoin will drop significantly because there is someone who is said to have a large stock of bitcoins, FUDs like this are common, even more severe when many countries have officially banned bitcoin which will panic users in that country and in fact cannot make bitcoin drops.
The current bitcoin marketcap is around $365 billion, or 3 times my country's foreign exchange reserves, with a marketcap as big as it is now I'm not worried if someone sells all the bitcoins in stock, I'm sure no one will have more than 50% stock of the total bitcoin supply so even if he sold all stock I'm sure it won't matter.
The scope will look very small if you only look at the foreign exchange reserves in your country, because in this world there are so many people who own shares and Bitcoins who are in different countries. And if everyone in this world releases their ownership into the market at the same time, I think it will be influential and can also damage the price if there are not many people who hold it in an instant. 
Twitter is in no way affiliated with bitcoin price. Elon Musk buying Twitter is for his gain not for the gain of the bitcoin price. Now that Twitter is under his control, he would like to curtail all the unnecessary altcoin spamming happening on Twitter. The only relevance I see towards his Twitter buy is for Dogecoin to get more vulnerability. Elon Musk is a businessman, he doesn't get involved in what won't yield his gains.
The current bitcoin marketcap is around $365 billion, or 3 times my country's foreign exchange reserves, with a marketcap as big as it is now I'm not worried if someone sells all the bitcoins in stock, I'm sure no one will have more than 50% stock of the total bitcoin supply so even if he sold all stock I'm sure it won't matter.
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Elon Musk has already worked to crash bitcoin price in the past, so nobody should expect he is going to work to impact bitcoin positively, because everything he aims is his self promotion and welfare, even if he has to destroy everything around to achieve it.
On the other hand, he might want to take advantage of bitcoin at some point again, then there is a possible scenario where he may try to promote bitcoin by integrating it to the twitter platform for tips among users, although for now it is very unlikely. There are higher chances he introduces dogecoin instead, although it is also a speculation from enthusiasts at this point.
Anyway, don't put any hopes, expectations and tokens on Musk. He is a treacherous individual.
On the other hand, he might want to take advantage of bitcoin at some point again, then there is a possible scenario where he may try to promote bitcoin by integrating it to the twitter platform for tips among users, although for now it is very unlikely. There are higher chances he introduces dogecoin instead, although it is also a speculation from enthusiasts at this point.
Anyway, don't put any hopes, expectations and tokens on Musk. He is a treacherous individual.
Honestly, I don't see any interest in bitcoin or cryptocurrencies from Elon what he wants is just for his own gain and he saw that it is possible to manipulate the market to make a profit for himself and he succeeded once in the past when shilling bitcoin and doge. Regarding the acquisition of Twitter, I think he has a plan for his business, he is quite busy with tesla and his other companies, and I don't think he has enough time to buy Twitter just for crypto purposes. Don't overestimate him as a true crypto fan with just a few tweets from him.
Elon Musk has already worked to crash bitcoin price in the past, so nobody should expect he is going to work to impact bitcoin positively, because everything he aims is his self promotion and welfare, even if he has to destroy everything around to achieve it.
On the other hand, he might want to take advantage of bitcoin at some point again, then there is a possible scenario where he may try to promote bitcoin by integrating it to the twitter platform for tips among users, although for now it is very unlikely. There are higher chances he introduces dogecoin instead, although it is also a speculation from enthusiasts at this point.
Anyway, don't put any hopes, expectations and tokens on Musk. He is a treacherous individual.
This is the vision the community has of him and I cannot say that it is mistaken at all, since it is very unnatural that a person can go from fully supporting a project to a few days later begin to hate it, so Elon Musk only cares about what he can get out of this market by manipulating it, and the sooner the people realize what he is trying to do the sooner they will realize that he does not care about them at all and then they can stop following every single statement he makes in social media. On the other hand, he might want to take advantage of bitcoin at some point again, then there is a possible scenario where he may try to promote bitcoin by integrating it to the twitter platform for tips among users, although for now it is very unlikely. There are higher chances he introduces dogecoin instead, although it is also a speculation from enthusiasts at this point.
Anyway, don't put any hopes, expectations and tokens on Musk. He is a treacherous individual.
Elon Musk has already worked to crash bitcoin price in the past, so nobody should expect he is going to work to impact bitcoin positively, because everything he aims is his self promotion and welfare, even if he has to destroy everything around to achieve it.
On the other hand, he might want to take advantage of bitcoin at some point again, then there is a possible scenario where he may try to promote bitcoin by integrating it to the twitter platform for tips among users, although for now it is very unlikely. There are higher chances he introduces dogecoin instead, although it is also a speculation from enthusiasts at this point.
Anyway, don't put any hopes, expectations and tokens on Musk. He is a treacherous individual.
On the other hand, he might want to take advantage of bitcoin at some point again, then there is a possible scenario where he may try to promote bitcoin by integrating it to the twitter platform for tips among users, although for now it is very unlikely. There are higher chances he introduces dogecoin instead, although it is also a speculation from enthusiasts at this point.
Anyway, don't put any hopes, expectations and tokens on Musk. He is a treacherous individual.
Elon musk should just go ahead with the deal already, he has seen the potential of the private usage of Twitter which makes it hard for data loss since the security and privacy policy of Twitter is decentralized like other social media where users are restricted from changes on identity. One thing am sure of that Elon Musk's ownership will bring is the elimination of bots accounts on the platform, but aside from that, Twitter is highly decentralized and it will not be able to control its users' privacy.
If Elon Musk manages to buy twitter, of course the positive effect will certainly have on crypto, because he is also a crypto enthusiast. however other negative effects of course exist although we cannot assume at this time.
Positive or negative impacts depend on what Elon Musk does after he purchases Twitter. It cannot be predicted now.Regarding the news, I didn't see any correlation or influence on Bitcoin price. If you see Bitcoin price is struggling, it is because of the demand on the market or manipulation done by whales. Everything looks normal, no significant move in Bitcoin price, which means nothing to influence the price to move lately.
Now, my question is what impact do you think Mr. Musk's purchase of Twitter will have on Bitcoin's price if he succeeds?
I think there is currently no ban on crypto services on Twitter. Crypto news can be published freely. If Elon Musk manages to buy twitter, of course the positive effect will certainly have on crypto, because he is also a crypto enthusiast. however other negative effects of course exist although we cannot assume at this time. Jump to: