Topic: Will everyone still believe in Elon Musk? - page 6. (Read 1823 times)

He literally took the meme of Dogecoin and its iconic dog image. I don't think that he saw something on it and it's just all about pump and dump that he's highlighting because there's such a big amount of money that he can make through it. That's what he probably has seen with it, from the cheap price that it was before he starts to convey his interest to it and before he manipulated it. I'm sure that he found it effective that he should've stayed to a few couples of crypto and he has included it with bitcoin.

people trust Elon Musk because they are still new and don't know the real crypto strategy. if someone already knew the real crypto strategy they wouldn't trust Elon Musk. they have more faith in their own analysis than with someone just spreading temporary hype

i actually don't believe him after watching doge crash
ye lol

The talk goes on for weeks as if Elon Musk was a god or something like that. Do you believe in Elon Musk? What the heck should I believe in when it comes to Elon Musk? Is he the holy Bitcoin Jesus? He is just one of many with billions and billions. He can have a bit of positive or negative influence, but it is not like Bitcoin depends upon him. Actually, it is not at all like that. He could significantly contribute to Bitcoin being mined with solar energy, but if he doesn't, others will!

Actually i believe that so very few that truly believe in musk instead they are just living with the effect of manipulation coming from Musk and His friends in which really affecting the market.
it looks like they have an organized team that making the market shake so people will respond and their plans will take place.
and then will bag money of the weak investors,

Same sentiments here. Not all people believe on Musk, some of them are just riding the hype of his tweets to earn profit. We all know that he is not the crypto expert that everyone can rely on. He is just using his influence for some maybe ulterior motives. Now, it is up to you if you will ride or not. If you are a long timer, you should know better. The effect of what he is saying is slowly waning its impact.

Indeed a good point and I see it the same way you put it. He threw out some numbers about dirty mining, well, then go and try to fact check it before dumping your Bitcoin.

What Elon says is indeed worth thinking about. I mean sure he behaved a bit childish when it comes to DOGE if you ask me, but generally speaking he brings up some good points. He also did during the discussion board they now had online on July 21st.

The only problem I had with his turnaround on Bitcoin is that it felt as if he got pressure from some organization he might be funded by. Some green organization that is against Bitcoin or so. As it is almost impossible to tell what the true value is, it seems that a lot of the energy put into Bitcoin mining already comes from renewable sources. You would think that if someone knows, Musk is probably your best bet. If he then goes back and forth, it makes it a bit hard to come up with your own reasonable conclusions.

Anyway, as you put it, after all he is like you and me with $180 billion more in the pocket. The actual problem is the dualism you pointed out. When he says something good, people positively freak out and celebrate him, and when he says something negative, you can read on Twitter that people hope he is going to crash with a Tesla. Too much in both directions obviously...

I agree, if Elon Musk is a hypocritical and selfish person, it is the personal importance that makes people lose because of what he does. I'm absolutely not going to trust Elon Musk anymore. because it makes me a loss.

Elon Musk also invested in bitcoin, he can do whatever he wanted to possibly manipulate bitcoin market just by using his funds to attract more people to ride on his tricks. Indeed, we supported bitcoin but we can't prevent people with weaker mindset to stop ranting just because of those aggressive words that came from Elon's twitter or whatever conference talks.
 
The best strategy to have in mind, don't ever take a serious connection from this guy, do all the research on your own and never let FUD ruin your plans.

literally what i was going to say, people try to make profits out of the hype that can be made by him, which can be obviously seen in the past few months, but we can clearly agree that he affected the market a lot, that can't be denied but to say that people believe in him that's not true.

I think you misunderstood. People actually don't believe him but they are following the hype made by him. If there will be no hype can be made by Elon Musk, I bet no single person to follow him anymore. You must differ between 'believe' and 'follow'. People have no reason to believe in Elon Musk, he isn't a crypto expert, nor an experienced trader/investor. He also has no crypto project. Elon Musk is a new one in crypto although he is an expert in other fields. Elon Musk can make a hype because he is one of the richest people in the world that have the power to enlarge something. That's why people are following him.

we all have to buy bitcoin, we all have to use bitcoin as a payment method, we all have to spread bitcoin in our cities to friends and family, we can't just hodl and trade, we have to use bitcoin as a payment method, we have to fight against governments to get them to pass good bitcoin laws so that banks don't forbid people from buying bitcoin, we all have to be aware that bitcoin has a disadvantage in this issue of mining vs electricity and we have to accept that disadvantage


I honestly don't understand what he saw on dogecoin

He's very much cautious with his status in the world and in the crypto community. That's why he's been making tweets not only for bitcoin but also for dogecoin and he finds it overwhelming whenever he does that, there's always the significant feedback. And being not a hypocrite as we all support bitcoin, there will be times that you just want to be where you are and stay there and won't mind what's happening with the crowd and whatever these influential people say.

Elon Musk knows more than the "average" person about Payment systems, because he founded an online financial services company, called X.com.... which later became the global payment company called PayPal. So he can give good advice and also criticism about Bitcoin as a payment (currency) option.

He also has several "Green" solutions to make Bitcoin more environmental friendly and sustainable... which was been a talking point for years. (Most FUD creators jump on the "Bitcoin is bad for the environment" bandwagon and also mainstream media that are shills for the Fiat masters) 

Elon Musk should simply not support anymore. How is it cool that the richest man in the world praised Bitcoin and saw it as a good payment method. In less that a month or so, he now sees that it has disadvantages. Like, he never did his research? Tesla not accepting Bitcoin again began the price crash. See, if you're an influencer, you have to be very cautious with whatever you do. Every of his actions counts and influences the market. And so far, It hasn't been interesting.

I think there are still many people who believe in Elon Musk even though he often says things that are not profitable for us investors, we all know that yes it is only to seek profit and popularity in a business that he is in for profit, but behind his statement is controversial but he also really helps the crypto world to be able to develop rapidly in a short time and that also deserves our appreciation

His thinking is good and innovative, he always tries new things without fear of failure, Elon Musk deserves to be an inspiration for us so that we can be successful with confidence first, and if fail he will fix it and trying again.

No, I'm sure not everyone in crypto will trust Elon Musk like before. After Elon Musk announced that Tesla would no longer accept bitcoin as a mean of payment due to bitcoin mining being unfriendly to the environment, many people realized that Elon Musk's endorsement of bitcoin was just a business game. People were disappointed that the price of the bitcoin and altcoin he was promoting went down as a result of the announcement and therefore his fan base decreased and he started having a hard time influencing the market.

As a trader, I think people really should have their own way of analyzing which asset they want to trade. They should not rely on other people trying to play the market to the strength of their money because it will never be good in the end. I have seen so much disappointment among traders who previously trusted Elon Musk so much even though now it seems they are starting to realize his mistake.

Unfortunately it is true that people are  not used to thinking on their own, but listening to others' opinions. Of course it is much easier and you don’t need to do researches this way. But it is a way to lose all your money, to my mind. I believe Elon Musk as he said that he is going to develop the system. He holds Bitcoin as well as his team and company do. He wants it to be successful, so now I quite agree with his thoughts.

Of course, each person can write whatever he wants, but Elon writes these same posts not only for his own amusement, they also carry in themselves, in addition to the semantic character, also financial, his posts immediately began to rock the boat in the market, thanks to this, based on the references and news, and he earned money on this, due to the leaps in rates.