Topic: Will Bitcoin's Price be affected by this? - page 4. (Read 744 times)
I do not find any correlation with this in the price movement of Bitcoin. Because Bitcoin and social media are completely different. Many may point to some sort of influence involving Elon Musk, but how logical that is is debatable. However, some altcoins that have Elon Musk investments may have a minor impact.
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.
Are you sure? Well, I hope you are right but can't just deny how Elon Musk uses his social media account to manipulate the market through Dogecoin. It was the fact that might this twitter will use to spread his propaganda as well that could create a huge market impact. We can't just simply ignore that and we never know what is his real plan after this.But as we instead make assumptions, it was better to prepare ourselves for any possible results.
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.
Are you sure? Well, I hope you are right but can't just deny how Elon Musk uses his social media account to manipulate the market through Dogecoin. It was the fact that might this twitter will use to spread his propaganda as well that could create a huge market impact. We can't just simply ignore that and we never know what is his real plan after this.But as we instead make assumptions, it was better to prepare ourselves for any possible results.
I don't think this news will have any effect on the value of bitcoin either. But if Musk starts manipulating and writing about cryptocurrencies and bitcoin again, it could turn the market around. But I think Ilon has a lot of problems with other projects and their stock price, the crisis and other negativity now, since he even started writing about Ukraine. But it would be nice to see his tweets about BTC again.
This is exactly my point. We are aware of Mr. Musk's propensity for talking a lot and the impact this has on the market. Remember his tesla and bitcoin tweets, his Doge Coin tweets, his tweets about bitcoin and climate change. I am speculating that if he finally purchases Twitter, he could just decide to publish anything favorable or unfavorable about bitcoin when he wakes up one morning (especially now that bitcoin halving is just around the corner).Bitcoin price was already rising and Musk's tweet just became viral adding to the existing hype but the media tried to convince everyone that the rise was because of his tweets.
After that when the drop began, he started spreading FUD about bitcoin contributing to the drop and again the media tried to convince people that the drop was because of his tweets!
Finally he tried to spread more FUD about bitcoin and its energy consumption but because price had reached a bottom, all of his efforts failed. This is something the media never told you specially when he was still insisting on his FUD and price kept going back up setting the ATH at $70k.
Now, my question is what impact do you think Mr. Musk's purchase of Twitter will have on Bitcoin's price if he succeeds?
Nothing, plain and simple.
I don't see the relevance with this news connected to Bitcoin price. Besides, he's no longer relevant in crypto space. People knew how he tries to manipulate everything in crypto, but nah he did not,even once with Bitcoin.
That's why he turned his attention to the meme coin, which somehow he made an impact for enticing people to pour their money over it.
But then again, with Bitcoin? Nah. Not even once.
I don't think this news will have any effect on the value of bitcoin either. But if Musk starts manipulating and writing about cryptocurrencies and bitcoin again, it could turn the market around. But I think Ilon has a lot of problems with other projects and their stock price, the crisis and other negativity now, since he even started writing about Ukraine. But it would be nice to see his tweets about BTC again.
This is exactly my point. We are aware of Mr. Musk's propensity for talking a lot and the impact this has on the market. Remember his tesla and bitcoin tweets, his Doge Coin tweets, his tweets about bitcoin and climate change. I am speculating that if he finally purchases Twitter, he could just decide to publish anything favorable or unfavorable about bitcoin when he wakes up one morning (especially now that bitcoin halving is just around the corner). hero member
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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 guess it wouldn't relate unless Elon said, "i will pump for bitcoin like i did for dogecoin" lol.Elon is the type of person who only thinks about himself and how he can benefit. He is also smart to find moments that he can use to benefit from those moments and get other advantages.
We don't know what Elon's plans are but what is clear, if it's bitcoin-related, we might see a bitcoin price shock. But I don't know
I don't think there will be any impact aside from Musk is once again involving in this Buying , but overall? there are no big to connect and I find it strange that everything that Musk do always bring to connect to bitcoin or crypto community.
Elon Musk is Businessman so he will purchase every businesses that he thinks will bring Him more profit but not to the extent that it will always about crypto .
Elon Musk is Businessman so he will purchase every businesses that he thinks will bring Him more profit but not to the extent that it will always about crypto .
Not much I guess, if there is any. Twitter isn't even a Bitcoin platform. And it is not moving from a pro-Bitcoin owner to an anti-Bitcoin owner. Both Jack Dorsey and Elon Musk own Bitcoin, although it is obvious that Dorsey is more dedicated to the improvement and adoption of the technology more than Elon. Elon just doesn't really care about Bitcoin. But I guess this is not a big deal. Elon has already lost his influence over Bitcoin.
Most people are already relying on Elon Musk now especially when Elon Musk started some tweets about cryptocurrency or Bitcoin before and the price or market is always reacting after Elon Musk's tweets or any statements given by him. It's just sad, with only one billionaire shitposting on social media can control such prices. There's no problem with him, for me, it's on the audience or the people.
The news is between the two private companies though Elon is kinda expose to cryptocurrency recently but I think the deal has nothing to do with Bitcoin. We can only concern about the future plan of Twitter with regards to crypto adoption and for now, we should wait for that and wait for this deal to fully close. Elon is crypto enthusiast, I’m sure he already have plans how to adopt cryptocurrency in twitter platform, let’s just wait for that.
So I read on the news that Mr. Musk has offered to proceed with a deal to buy Twitter at the price he proposed months ago before trying to call it off. See the snippet of the news below:
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 do not really think this event is going to have too much influence at all in bitcoin, however it could have an effect on the meme coin market as those people reverence Elon Musk as if he is some sort of divinity, but other than that I would not expect too see too much of excitement over this news, we have seen how fast Elon Musk can change his mind, we saw it when it came to this acquisition and when it came to bitcoin as well, so I do not see how this could be positive for bitcoin at all. Now, my question is what impact do you think Mr. Musk's purchase of Twitter will have on Bitcoin's price if he succeeds?
Stop giving Elon Musk relevancy in relation to bitcoin price. Nothing he does affest Bitcoin, except you (and many others) are greatly influenced by him and react to his actions.
It's the Number 1 money-man on earth at the moment we're talking about here. Definitely he has some level of clout, whether we want to admit it or not. Money is the name of this earthly game we call hustling. Elon Musk has it and just like ants to sugar, there are expectedly going to be those who will worship the soil he steps on. Yes, I don't like his guts too (just like you) and how he makes comments he doesn't linger long enough to stick to but then I give it to him that he has an ability to influence stuff. His power of influence may not be on veteran investors and traders but we can't truly say that for noob investors. hero member
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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 guess it wouldn't relate unless Elon said, "i will pump for bitcoin like i did for dogecoin" lol.Elon is the type of person who only thinks about himself and how he can benefit. He is also smart to find moments that he can use to benefit from those moments and get other advantages.
We don't know what Elon's plans are but what is clear, if it's bitcoin-related, we might see a bitcoin price shock. But I don't know
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.
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.
Well, I see nothing. It will just affect on Twitter management, not the crypto market.
Oh, I really see how social media influence the market trend but never I think this would touch crypto. I couldn't think how Elon Musk use this to manipulate the market and the minds of crypto investors. If there is a pump or dump happen in Bitcoin a few days from now, I'm sure this is not because of this but something which really connected to the market.
Oh, I really see how social media influence the market trend but never I think this would touch crypto. I couldn't think how Elon Musk use this to manipulate the market and the minds of crypto investors. If there is a pump or dump happen in Bitcoin a few days from now, I'm sure this is not because of this but something which really connected to the market.
You can not expect impact on bitcoin because of Elon musk that is not a pro bitcoiner. If he is a bitcoin lover, it can have some shift in bitcoin price to bull even with the grant of request to go on with the deal but he is not so no need expecting the price to change because of him. You can talk positive for dogecoin because he promote it. The hodlers of dogecoin can expect something good if he succeed with the deal.
I guess we are done with Elon Musk and his twitter acquisition drama. So I would agree what most of the posters said, it will not have a significant effect as far as the price goes. Maybe if we see Elon as pro-Bitcoin, but we have seen how we change his stance specially with this whole crazy idea that bitcoin is not eco-friendly. Majority of us stop believing in him. He can do whatever he pleases with his new company, but crypto market will always be a separate entity from any self made billionaire.
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.
My personal belief is that he doesn't love bitcoin or crypto that much, all he did in the past was find a way to fill his pocket with bitcoin or doge, it seems like he's just trying to earn money and will forget about them as soon as the goal is achieved. He is a smart person so maybe he already has his own business plan, I don't think he bought twitter just for the sake of launching the project and promoting it.
But hopefully after taking over twitter he can change some of its regulations like freedom of speech, which he always complained about the social network before. I am also a regular user on twitter, I really love it.
What is the effect that occurred in the past to believe that such news will affect the price in the future?
The market is now in a bad situation and therefore needs real and direct news to make a change and not indirect news, as both Elon Musk or Twitter did not explicitly announce that they might invest and that Bitcoin is one of their future plans.
This is if we assume that the news is correct and that the deal will pass without any unexpected obstacles.
The market is now in a bad situation and therefore needs real and direct news to make a change and not indirect news, as both Elon Musk or Twitter did not explicitly announce that they might invest and that Bitcoin is one of their future plans.
This is if we assume that the news is correct and that the deal will pass without any unexpected obstacles.
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