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Topic: Will Bitcoin's Price be affected by this? - page 3. (Read 744 times)

legendary
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October 12, 2022, 11:21:20 AM
#50
I still do not understand why he would ever want to buy Twitter, it must have been like a joke thing for him that turned into a real thing because of the probable lawsuit, but it really doesn't make sense.

Why would he really want to buy twitter, what would be the relevance to it at all? He usually has stuff like solar panel company, space ship company, electric car company, all things that would further improve the world and that makes sense to a point, but that doesn't change the fact that twitter is none of those things and he is a weird person so maybe he just joked about buying, or wondered if he could, and that looks like the only reason to be fair.
full member
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October 11, 2022, 10:19:16 PM
#49
Quote
Elon musk did buy Twitter but I don't think it will have anything to do with Bitcoin for now,
we know that Elon musk is indeed a person who influences cryptocurrencies,
and if Twitter is going to accept cryptocurrencies then it might as well have an effect later, so just wait news comes again.

I think, Elon musk is an investor like you in the community, I don't think, he has the power to control the price of Bitcoin because Bitcoin is a decentralized currency that is not control by any investors in the community. If Elon musk win the case in court, I think, he will use the compensation money to buy Bitcoin in this bearish season and hold until the price of Bitcoin increase to $100,000 before he can supply to market to make a huge amount of money.  Elon musk is a potential crypto investor that is good in long term holding, even though the price increase higher he will not sell because he is waiting for the price of Bitcoin to hit $100,000 before he can supply to market to make a good incomes.
full member
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October 10, 2022, 11:40:09 PM
#48
I think any news will not affect Bitcoin, especially since the Bitcoin marketcap is currently more than $ 390 billion, some time before it was reported that Elon Musk sold all bitcoin, but what happened was the market could rise, and I was sure that the giant silent was stronger than Elon Musk too much talking.
390 billion dollars dominance ? this is just a little amount mate comparing to what we have in the past like 2021 that there are so much capitalization yet this becomes lowering this year.


though it is not about news that makes it happen but this Musk's action will still bring some effect to our market here.
maybe not instantly but eventually it will.
hero member
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October 10, 2022, 08:12:00 AM
#47
If there is any effect then I think after closing this deal and Elon consider accepting bitcoin or doge as payment for twitter ads. But now with this news it won't have any impact, bitcoin market has never had any connection with Elon and twitter. But I like Elon to take over twitter but am current shareholder. Hopefully, when he owns twitter he will improve this social network like the freedom of speech he always refers to when talking about it and gets rid of bots that annoy the users.
If its Elon then it will have some effect but if its Musk, I guess there will be not much effect in crypto market. Musk is not that focus in crypto and if he is we would see it in his Meta projects but none of it gets popularity even they announce to have some coins on it. It will not be a huge impact in the market even if he creates a Twitter coin it will be just like how he takes over Instagram and just expand social platforms.
hero member
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October 10, 2022, 08:05:36 AM
#46
If there is any effect then I think after closing this deal and Elon consider accepting bitcoin or doge as payment for twitter ads. But now with this news it won't have any impact, bitcoin market has never had any connection with Elon and twitter. But I like Elon to take over twitter but am current shareholder. Hopefully, when he owns twitter he will improve this social network like the freedom of speech he always refers to when talking about it and gets rid of bots that annoy the users.
legendary
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October 10, 2022, 05:57:23 AM
#45
The Twitter deal made too much noise, so I expect that its effect is over beforehand. I do not expect that there will be an impact on the price of Bitcoin because this has nothing to do with Bitcoin in the first place. Mr. Musk previously affected Bitcoin when he announced Tesla’s acceptance of payment by Bitcoin and then returned and negatively affected When I announce that Bitcoin pollutes the environment, but on the Twitter deal I don't expect there to be an impact on Bitcoin.
hero member
Activity: 2562
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October 10, 2022, 05:20:29 AM
#44
there is no link between bitcoin and twitter but with this news published yesterday it helped dogecoin price increase by 10%. it is likely that this deal will affect bitcoin and the crypto market, i've been reading recently, don't know if this is true or just a rumor, but if it is, i think it will affect bitcoin

Sam, the owner of the FTX exchange, is considering acquiring twitter with Elon and hopes the two can discuss the deal
What if the increase is only just a co incident? Because the connection between elon and doge are I think have been disconnected long time ago and I rarely see elon mentioned the coin on one of his tweets though we don't know maybe some people still assumes that doge will be used someday in twitter but the price change should be only limited to this coin, not in bitcoin and to the entire crypto market.

Only crypto that it might benefit is maybe doge but that’s a stretch. Elon had the crazy idea in the past to charge people 1 doge per post on Twitter. It was ridiculous and won’t happen.
Lol really? But, I think this is its way to recover what he spend in acquiring the platform but if this is possible then this greatly improves the price of dogecoin while at the same time, many twitter users are going to leave twitter because they won't agree with this idea. They think it's ridiculous.
sr. member
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October 10, 2022, 04:28:47 AM
#43
Is there any relation between Elon Musk and Bitcoin? Nope.
Is there any relation between Twitter and Bitcoin? Nope.
Is there any relation between rich person spend a lot money and Bitcoin? Nope.

I don't know why you can think Elon Musk bought Twitter will affect Bitcoin price lol, it doesn't make any sense here. If Elon Musk create own marketplace on Twitter and only accept Bitcoin as the payment option, there's a slight affect IMO.

Elon Musk has manipulated meme coins to create hype, but that doesn't mean Elon Musk can manipulate Bitcoin prices. I think many people
overestimate Elon Musk, which is the fact that even though Elon Musk is rich, Elon Musk is still a human with limitations. So don't always associate
Elon Musk with crypto, because Elon Musk's main focus is not just crypto, there are lots of other things Elon Musk has to do. Including Elon Musk's
move to buy Twitter, this is not necessarily related to crypto. So don't spend our time and mind just thinking about Elon Musk, because our success
doesn't depend on Elon Musk. I prefer investing in crypto based on the research and analysis that we do, not what Elon Musk or other people say.
legendary
Activity: 2184
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October 10, 2022, 03:59:01 AM
#42
There's a lot of discussions about Bitcoin or other cryptocurrencies being injected to Twitter so I think that's where you get the idea that it could affect the market of those.
I doubt that.
If he loses nothing changed. Now, if he wins then there might be a small effect if ever he successfully does what the rumors said. We are not there yet so let's not expect too much.
Based on the new article Elon Musk have got time till October 28 to complete the deal and acquire Twitter. Beyond that once again court trail and further procedures continue. His win in acquisition will have small impact over the market, but it won't last long. During those days, he served as an Influencer and made big changes in the market. Now people are aware about his strategy to increase his wealth and never think of the common people.

I don't know if this is considered his win because he refused to buy twitter first, and after being sued, with only a week left until his court date, he decided to buy twitter at the original proposed price. It can be seen that he is weak if he has to go to court to confront him and the takeover still happens if he loses the case or still has to pay $1 billion in compensation if he loses the case.
We didn't find any connection between Elon and bitcoin or twitter and bitcoin, they are all unrelated so I don't think there will be any effect even the slightest.
legendary
Activity: 1848
Merit: 1208
October 10, 2022, 03:43:48 AM
#41
Is there any relation between Elon Musk and Bitcoin? Nope.
Is there any relation between Twitter and Bitcoin? Nope.
Is there any relation between rich person spend a lot money and Bitcoin? Nope.

I don't know why you can think Elon Musk bought Twitter will affect Bitcoin price lol, it doesn't make any sense here. If Elon Musk create own marketplace on Twitter and only accept Bitcoin as the payment option, there's a slight affect IMO.
hero member
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October 10, 2022, 02:49:13 AM
#40
There's a lot of discussions about Bitcoin or other cryptocurrencies being injected to Twitter so I think that's where you get the idea that it could affect the market of those.
I doubt that.
If he loses nothing changed. Now, if he wins then there might be a small effect if ever he successfully does what the rumors said. We are not there yet so let's not expect too much.
Based on the new article Elon Musk have got time till October 28 to complete the deal and acquire Twitter. Beyond that once again court trail and further procedures continue. His win in acquisition will have small impact over the market, but it won't last long. During those days, he served as an Influencer and made big changes in the market. Now people are aware about his strategy to increase his wealth and never think of the common people.
In the past, many have lost their money by falling into various tempting traps of big investors. Today's investors are now conscious. They do not act based on any information. No matter how reputable a person he is. But I personally don't want to blame those famous people. Because this is trading business everyone comes here for profit. No one wants to knowingly lost his assets. However, if Elon Musk gets full responsibility of Twitter, it may have some positive impact on the crypto market.
legendary
Activity: 3234
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October 09, 2022, 06:49:17 PM
#39
There's a lot of discussions about Bitcoin or other cryptocurrencies being injected to Twitter so I think that's where you get the idea that it could affect the market of those.
I doubt that.
If he loses nothing changed. Now, if he wins then there might be a small effect if ever he successfully does what the rumors said. We are not there yet so let's not expect too much.
Based on the new article Elon Musk have got time till October 28 to complete the deal and acquire Twitter. Beyond that once again court trail and further procedures continue. His win in acquisition will have small impact over the market, but it won't last long. During those days, he served as an Influencer and made big changes in the market. Now people are aware about his strategy to increase his wealth and never think of the common people.
hero member
Activity: 1652
Merit: 723
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October 09, 2022, 02:33:28 PM
#38
I think any news will not affect Bitcoin, especially since the Bitcoin marketcap is currently more than $ 390 billion, some time before it was reported that Elon Musk sold all bitcoin, but what happened was the market could rise, and I was sure that the giant silent was stronger than Elon Musk too much talking.
Actually you are indirectly correct from my perspective, because it's that some certain news can actually affect the increment of cryptocurrency, and especially bitcoin, and to an extent too theirs some information that come against bitcoin that those not succeeds in bringing the price of cryptocurrency down from my perception, it's contrary.
legendary
Activity: 3346
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October 09, 2022, 02:15:35 PM
#37
How does it relate in the first place for Bitcoin? I think it's out of the question between the deal of Musk to Twitter, it doesn't have to do with it. I think Dogecoin was more related to this discussion since it pump a little when Elon agrees again to buy Twitter (funny how people associate this kind of stuff). Unless he's back again with the sarcastic tweets involving Bitcoin.
Precisely, it’s not bitcoin that will pump nor dump but it’s definitely dogecoin which is Elon’s used to hype. Bitcoin was never affected with the last news about this Elon’s interest on twitter so I don’t think it’s price will be affected today. And besides, Elon was never became relevant to bitcoin, but definitely he’s more on meme coins that turned out into shitcoins at the end of the day.
I agree that there is a good chance we are not going to end up with anything that would be making sense for dogecoin to keep on going. Let’s be realizing that dogecoin is a useless shitcoin, and if you are investing into it, at least be aware that you are investing into a shitcoin with a chance of hype by elon and that’s the only thing. Doesn't mean that it would be something that would be great and not a big deal but at the end of the day there are some people who would prefer something like that.

If you prefer that, and you are willing to take that risk then it would make sense, but of course this is a useless risk that I will never take at all.
hero member
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October 09, 2022, 02:03:15 PM
#36
It's nothing mate, i mean for sure it cannot make an impact unless after that elon musk convince his team to highlight the whole crypto currency especially bitcoin because surely the whole market gained more attention around the internet.. But perhaps we already knows what elon musk planning why he really wants to buy twitter and that is to promote his own projects and etc.
His conception of buying Twitter have not been reviewed to anybody, what you render as a personal opinion might be false or true, because i believe that Elon objective of buying some of the social media haven't be declared open, so this your suggestion is like assumptions of many people, but in a nutshell anyone who is venturing into anything have its objectives of that.
hero member
Activity: 3052
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October 09, 2022, 10:19:21 AM
#35
There's a lot of discussions about Bitcoin or other cryptocurrencies being injected to Twitter so I think that's where you get the idea that it could affect the market of those.
I doubt that.
If he loses nothing changed. Now, if he wins then there might be a small effect if ever he successfully does what the rumors said. We are not there yet so let's not expect too much.
member
Activity: 737
Merit: 11
October 09, 2022, 08:27:35 AM
#34
I'm sure Elon Musk is not very influential with Bitcoin, a very large Bitcoin marketcap cannot be controlled or influenced by Elon Musk, and a few months ago it was proven when he sold all Bitcoin but the market did not drop it could actually rise.
hero member
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October 08, 2022, 03:59:21 PM
#33
How does it relate in the first place for Bitcoin? I think it's out of the question between the deal of Musk to Twitter, it doesn't have to do with it. I think Dogecoin was more related to this discussion since it pump a little when Elon agrees again to buy Twitter (funny how people associate this kind of stuff). Unless he's back again with the sarcastic tweets involving Bitcoin.
Precisely, it’s not bitcoin that will pump nor dump but it’s definitely dogecoin which is Elon’s used to hype. Bitcoin was never affected with the last news about this Elon’s interest on twitter so I don’t think it’s price will be affected today. And besides, Elon was never became relevant to bitcoin, but definitely he’s more on meme coins that turned out into shitcoins at the end of the day.
member
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October 08, 2022, 02:54:04 AM
#32
About a month ago I heard that Elon musk sells a lot of bitcoins, but there is no impact on the market, prices are as usual and this proves that Elon musk has no effect or can have an impact on the market, a community that is too strong makes bitcoin not easy to control.
hero member
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October 08, 2022, 01:47:24 AM
#31
Elon Musk is a smart businessman who is known by many people from various circles. This Tesla CEO managed to make Dogecoin an altcoin that had experienced the hype as a coin meme. When Elon Musk was reported to have bought Twitter some time ago, I thought something surprising was about to happen to him.

Twitter is indeed a large social media platform with worldwide access. The news you convey is clearly the source, but what is reported has nothing to do with Bitcoin in my opinion.
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