Topic: Will Bitcoin's Price be affected by this? - page 5. (Read 687 times)
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.
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.
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. My pizza order could have more of an impact on the price of Bitcoin than the purchase of Twitter.
And there has been too much back and forth on that purchase story to really expect anything to be decided soon.
And there has been too much back and forth on that purchase story to really expect anything to be decided soon.
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
https://cryptonews.com/news/ftx-crypto-exchange-ceo-considered-buying-twitter-with-elon-musk.htm
twitter is a very big and popular social network, most crypto investors are active with this platform but if he charges per post i think twitter will lose one large number of users, i don't think Elon will do that either
Sam, the owner of the FTX exchange, is considering acquiring twitter with Elon and hopes the two can discuss the deal
https://cryptonews.com/news/ftx-crypto-exchange-ceo-considered-buying-twitter-with-elon-musk.htm
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.
twitter is a very big and popular social network, most crypto investors are active with this platform but if he charges per post i think twitter will lose one large number of users, i don't think Elon will do that either
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.
But for Bitcoin I don’t see how it would affect it. It’s great for tech overall but these 2 aren’t related to each other by much.
But for Bitcoin I don’t see how it would affect it. It’s great for tech overall but these 2 aren’t related to each other by much.
Others might be bullish with this news. But we already know that Elon has sold much of his bitcoin already and he seems to be leaning with his favorite meme coin - Doge.
So I guess there is none, although the price seems to be very positive in the last couple of days but maybe manipulators are just riding the hype with this news and pumping the price and then we will see another dip in the $18k again. And if this news has some effect it will be in just short term.
So I guess there is none, although the price seems to be very positive in the last couple of days but maybe manipulators are just riding the hype with this news and pumping the price and then we will see another dip in the $18k again. And if this news has some effect it will be in just short term.
I can't imagine that this will do anything to help the price of Bitcoin, but I'd love to hear your thoughts on why you think Musk's purchase of Twitter might relate to the Bitcoin cryptocurrency.
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.
Now, my question is what impact do you think Mr. Musk's purchase of Twitter will have on Bitcoin's price if he succeeds?
Now, my question to you is, why would you even think that this purchase could or would affect the Bitcoin price in the first place? One, just one tiny fraction of a scenario or a thought in which it would do so cause right now I'm incapable of thinking of one!
The only thing I can think of this actually influencing crypto (but NOT! Bitcoin)as in the altcoin scene is his statement on cutting down fake accounts, so this would be indeed a disastrous blow to the shitcoins spammers that are turning any semi-important crypto-related twitter into a spam fest.
Now, my question is what impact do you think Mr. Musk's purchase of Twitter will have on Bitcoin's price if he succeeds?
What does this have anything to do with Bitcoin in the first place though? Not like it makes sense to integrate Twitter+Bitcoin with anything(besides the donations thing, which is nice but meh), unless you have an idea.
My guess: nil.
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?
Quote
Elon Musk has offered to proceed with a deal to buy Twitter at the price he proposed months ago before trying to call it off, according to a legal filing, a stunning development weeks before the two sides were due to face off in a trial.
In a letter that Musk’s side sent to Twitter overnight, he offered to go ahead with the deal at $54.20 a share if the Delaware Chancery Court, which was scheduled to hold the trial on Oct. 17, agrees to “enter an immediate stay” of the case “and adjourn the trial and all other” related proceedings. Twitter enclosed a copy of the letter from Musk’s attorneys in a financial filing Tuesday.
Twitter said in a statement Tuesday that it received the letter and intends to close the transaction at the original share price offered by Musk’s team. The company plans to accept the offer but is waiting for confirmation that the judge can oversee the process, said a person familiar with the discussions who spoke on the condition of anonymity to describe sensitive matters.
In a letter that Musk’s side sent to Twitter overnight, he offered to go ahead with the deal at $54.20 a share if the Delaware Chancery Court, which was scheduled to hold the trial on Oct. 17, agrees to “enter an immediate stay” of the case “and adjourn the trial and all other” related proceedings. Twitter enclosed a copy of the letter from Musk’s attorneys in a financial filing Tuesday.
Twitter said in a statement Tuesday that it received the letter and intends to close the transaction at the original share price offered by Musk’s team. The company plans to accept the offer but is waiting for confirmation that the judge can oversee the process, said a person familiar with the discussions who spoke on the condition of anonymity to describe sensitive matters.
Now, my question is what impact do you think Mr. Musk's purchase of Twitter will have on Bitcoin's price if he succeeds?
Jump to: