Topic: Will Elon Musk keep what he said or not? (Read 507 times)

Well, Elon Musk is a very influential person and whatever he has said on any social media platform can influence the mindset of the readers. Maybe we could say that this won't affect the price of Bitcoin but can't deny the fact that the number of followers who have been in the crypto space will also give impact the market trend.

Anyway, we're not sure if he is lying or not but he could do nothing to manipulate the price but for Doge, still he can.

Every information we get on the internet should become knowledge, but we cannot fully trust it before looking for the source of the truth of the information. The internet is moving so fast in human life and there are many sources that produce any news and if you can't verify it first, it's feared that the information you get will actually be misleading.

Every businessman definitely seeks to profit from the influence he has and Elon Musk is one of the many influential people in the world, so it is not surprising if something he talks about becomes a reference for several people, giving rise to market manipulation behavior. Bitcoin is not influenced by just one person regarding the rise and fall of prices because if that happened then maybe Bitcoin is not currently one of the best investments and you are right that when people start to understand Bitcoin then the belief in manipulation caused by Elon Musk will no longer have much influence.

It's all just an excuse for him to manipulate the market, not a reason worth considering. The news that bitcoin pollutes the environment is just nonsense reasons spread by people who are jealous of bitcoin. We don't need to worry too much about that.


If given the chance, I bet he will continue to repeat his manipulative behavior to make a profit. He is a businessman and profit is what he desires so there is no need to be surprised if it happens again. Personally, I don't care what Elon will do with the market because he can only manipulate it for a short time but not forever. I believe that at some point, people will no longer trust him and the market will no longer have any influence from him, just like how we eliminated China's influence in the past.

It's a nonsensical reason and bitcoin is always associated with environmental pollution because of miners, I have listened to this on several channels and even my rough calculations bitcoin is much more environmentally friendly compared to other power companies. There are many companies that actually damage the environment in this world, but because they pay taxes companies are never discussed regarding environmental damage.

I never care what he does and if he makes that impact that makes bitcoin go back up, why don't we think he will dump it again and bitcoin goes back down. The bitcoin cycle will continue whether there is Elon Musk or not, what we need to do is take advantage of whatever happens, whether positive or negative impacts caused by Elon Musk. The impact it produces is also temporary and is the same as other event processes that make Bitcoin rise or fall.

Totally lost its credibility? yes some sort of but not really that totally because there are still tons of people who do really that believe into its relevance on which it is really that something that the community is really that still eyeing on whatever words that would come out into his mouth.

Lets take for this as an example.
Elon Musk Declares The U.S. Dollar ‘A Scam’ Amid Fears Of $33 Trillion U.S. ‘Debt Death Spiral’ As The Bitcoin Price Soars
https://www.forbes.com/sites/digital-assets/2023/10/03/elon-musk-declares-the-us-dollar-a-scam-amid-fears-of-33-trillion-us-debt-death-spiral-as-the-bitcoin-price-soars/?sh=684634257d1a

Can we do able to point out that this news or sentiment didnt affect overall crypto market space?
It would really be that still relevant. It is really just that there are moments or conditions on which he turned out to be an obvious manipulator
but in overall his tweets and words that come out into his mouth would really be still that relevant.

He lost any credibility he had when one day he was supporting bitcoin wholeheartedly and the next day he changed his posture and not only he stopped accepting bitcoin as a payment option, he began supporting dogecoin, sold his bitcoin, and then he spoke bad things about bitcoin because supposedly it was bad for the environment, and while those that like meme coins in general still listen to him, the rest of the community has given its back to Elon.

It's not really about him or whether he likes or dislikes Bitcoin, but it's about his businesses and whether he will start accepting Bitcoin payments for his companies or not which will surely make a difference for the time being because Tesla is not a small company, it's one of the most popular car companies in the world and if they start accepting payments in Bitcoin and announce that for the public, that will surely help give Bitcoin a generous push towards the bull run.

And, if they also start accepting payments for SpaceX's Starlink, that will be like icing on the cake because it will make it a double surprise for the public, and that will spread a lot of positivity around the market and both retail and industrial investors will start getting more confident for their investments.

Earlier his statements had got importance. Now it is no more, as people have well understood about him. As said he's pure businessman who could go to any extreme for his betterment. Only good thing happened through him, good number of people holding dogecoin for long term got an opportunity to turn themselves millionaires through the price pumping happened because of his words. These people always try to make use of the market and we can follow him and try to make profit and shouldn't be reacting to his statements.

I agree with your opinion, he is not consistent with his promises because everyone can judge what he did before, when his goal was achieved to strengthen the bitcoin market price, he also issued a statement that bitcoin mining was not environmentally friendly which had a negative impact on the market. I have stopped following any crypto news related to Elon, I realized that the bitcoin market cannot be manipulated because without market support the price increases will not last long term, they will definitely TP at some point and the price will decrease again, so make sure the market increase is not caused Elon's statement or other figures because I don't trust that group.

Nobody knows if he will keep his word or not. Besides being a businessman, he is a speculator. This kind of person is very likely to lie in order to reach his personal goals. Don't put faith on him or on any other whale. When you do this, you are expecting Bitcoin to become an hostage of those people, so when it's interesting for them, BTC skyrockets, and when they don't want anymore, BTC crashes. Bitcoin has to be independent and non-manipulable by figures like Musk.

That’s not really true. He isn’t just one guy. He has several multi-billion dollar companies and an army of supporters that is growing by the day. He has the power to get Tesla to accept BTC, and he and his companies could buy potentially hundreds of billions of dollars worth of BTC. That alone makes him arguably more important than a Bitcoin spot ETF approval.

I wonder why this article to have been published just 5days ago from thread creation to have been so when, we are expecting a halving in months.
What could have been the plan? If any.

Well, I think anyone in the cryptospace wouldn’t look towards what Elon Musk has yo say or not. He might be the world’s richest man for his ideas and choices of investments but, having to follow him up on every shit he flushed down the toilet isn’t what any wise person would be doing after his scandal at the time.

He’s a business man and as such, you could expect him to create wealth using whatever means, even as statements and truths be told, he could as well withdraw his statements and nothing would change for him.

Don’t be hinged on that and have no expectations from Musk.

It would be always his main priority on which it would really be just that so normal that he would really be definitely be going with the profits rather than with the tech itself but who knows if he would really be that tending to maintain out his stance through Bitcoin and would really be still that positive and sticking out on what he do have in mind? Selling out? They have already done that but we wont know if they would really be making out some buybacks if ever the time comes. Speaking about on doing such action then it would be his choice on what he would do. He's definitely wary about
on market condition or situation in regarding things but pretty sure that he wont really be completely leaving this tech knowing about its relevance but we know that he do really bag off some altcoins in the market which he might considering on choosing rather than with Bitcoin.

Elons actions is really that totally random and cant really be known but we know that these fellas would really be sticking into their own decisions whether it would really be going against or go along with the communities preference or not. He wont care about those decisions whether it would be affecting the market overall or not as long he would really be able to take advantage then
this what matter most for him and wont mind on what the community sentiment would be looking like.

I think Elon Musk is only reliable when you challenge him in such issues. If he is notified with the latest report I think he may announce accepting Bitcoin payments again. It would be definitely cool boost to Bitcoin s price in such bear market times. But I would rather see Elon Musk doing something ridiculous about Bitcoin, maybe even beyond accepting Bitcoin payments - like he announcing buying Bitcoin directly just before bull run starts. Would be perfect!

The question is if he is still able to remember it unless it was written and published in the newspaper. But it doesn't matter because Bitcoin will rise without Elon Musk. We can't deny his influence in social media and in business society but we must think on the other side that the crypto market will survive and continue to grow without the participation of any big names and influencers. It was not the hype that would bring Bitcoin's price high but it was the trust and our continuous support.

I don't think that Elon musk is fully in support of bitcoin, because I said so because it is him that accepted or introduced bitcoin as a payment method, but the way I'm seeing everything right alway if Elon musk uses bitcoin as payment method right now it will not be less than two days you will see the price of bitcoin accelerate to a point many people will be surprised of bitcoin increment. I hope we are aware that  Elon musk have its coin it promote, the coin Elon musk promote is not an ordinary coin but basically on a doge coin, but it's obvious that if he accepts bitcoin back to his tesla company as a payment method it will help to skyrocket the price of other altcoins.  Because when bitcoin  lacks increase or bullrun in the market other coins have deficiency in growth, so his to increase it most pass under bitcoin bullrun. Its very clear that bitcoin is the main and fathers of all coins and without it green colour in cryptocurrency market chart other coins will not have the dominance of been accelerate in the market.  In summary, if Elon musk today embrace bitcoin values that means bitcoin price will increase and it be above fifty five thousand to six thousand [55k-60k] in value.

1.I'm 99% sure that Elon Musk won't keep his promise. He probably forgot about this, or he never had any plans to keep this promise.
2.Even if Tesla accepts BTC payments, do you really believe that thousands of crypto supporters will buy Tesla cars with their BTC? I don't think so. The 2021 price pump was simply a FOMO phase, created by the hype around Musk and Tesla. Every trader was like "Elon is tweeting about Bitcoin. The price must go up. I have to buy BTC now." This created a huge price bubble. I'm sure that the amount of people, who bought Tesla cars with BTC back in 2021 is insignificant.

The first thing to avoid is not believing what Elon Musk says even if it is proven. Because we are not the ones who will reap profits from their actions which have an impact on the market according to their wishes, remember, it is not our wishes based on Bitcoin adoption. Even without Tesla accepting Bitcoin payments, I think Bitcoin will remain as bullish as it should be. Instead of continuing to be a follower of Elon Musk, why not build a portfolio according to your understanding. So you see, Elon Musk is an entrepreneur and he won't care about what doesn't work for him. Bitcoin is only used as an excuse to attract attention. The latest news, if I'm not mistaken, is that Tesla is selling some of its Bitcoin, which has an impact on market prices. Have you ever noticed how they don't care about the purpose of Bitcoin? Elon Musk is just playing around to fulfill his ambition to remain a person who gets attention on social media.

Personally, I still think that Elon still maintains his stance in favor of bitcoin or the cryptocurrency industry. He is a technology lover so he will not ignore these new technologies, but profit is still what he always puts first.

Speaking of Tesla accepting bitcoin again, I have my doubts about that too. But if we talk about X(Twitter) accepting bitcoin and doge in their payments then I wouldn't be surprised. Social network X has a large number of users who are cryptocurrency investors, so integrating bitcoin into X will be much more suitable and perfect than Tesla.

Perhaps this will be a series of reasons why Bitcoin is poised for a bullish market trend in the near future, coupled with the news of its halving event. Relying on the price movement driven solely by one individual could render the market rather inhospitable. This is an inevitable reality, as Elon Musk holds considerable influence, and the world still values his opinions regarding Bitcoin, thereby rendering Bitcoin's price highly susceptible to anything he utters.

Our role here may merely be that of candlestick chart enthusiasts. Speculation and discussion are the most logical activities for us, while individuals with significant reputations attend to simpler tasks, such as shaping the world.