Bitcoin Forum

Elon Musk Wants to Buy Ethereum (ETH), Even If It Is a Crypto Scam.

It seems that Elon Musk, the founder and CEO of SpaceX, Telsa and Solar City, is ready to enter the cryptocurrency market buying Ethereum. Or at least, this is what he hinted on Twitter.

On August 28, the famous figure and entrepreneur wrote in the famous social network that he wants to buy ETH ‘even if it is a scam.’


The tweet written by Elon Musk is related to a post in which Twitter says that it has removed over 486 accounts after being engaged in ‘coordinated manipulation.’


Of course, the internet is full of scams, and during the last year, several fraudsters have been trying to steal funds from users by impersonating important individuals. Just under his Tweet, a fake Elon Musk account offered a fake ETH and BTC Giveaway.

These kind of scams have affected not only Elon Musk, but also other important figures such as the U.S. President Donald Trump; Changpeng Zhao, Binance creator; or Vitalik Buterin, Ethereum’s co-founder.

Twitter couldn’t deal with these scammers and several newcomers fall in these frauds.

It is important to mention that at the beginning of the year, Facebook, Twitter and Google decided to ban ads from Initial Coin Offerings (ICOs) and other projects due to high risk of fraud. We also saw that Elon Musk had a medium.com scam going on that users should be aware of.

What are your thoughts on Elon Musk's sense of cryptocurrency humor? While it might not be serious, its good publicity for Ethereum (ETH) during trying times as the coin went from near $1,400 USD at the beginning of 2018 to now under $300 as it looks for its next catalyst…which might be in the form of an Elon Musk tweet..in which it did for Tesla, so why not Ether?

"Starbucks said it is trying to update the trend and diversify the way it pays its customers. Bitcoin will be the first to be approved at Bakkt," it said. invest many opportunities

Everything is good but still market hesitate to move up. I hope at least this time market will start the bull run. go go go bitcoin..

Can you please post a link where Elon Musk tells such thing that he wants to buy ETH? I somehow doubt he said this.

https://twitter.com/elonmusk I can't find the tweet you say.

I think that he see how the people go crazy about the crypto and there are many supporters of Ethereum and other decentralized projects even when the price goes down to todays level. It means that there must be another much bigger boom.

I think that it is just his joke, Elon Musk is a dollar billionaire now and he is busy with his companies, SpaceX and Telsa, he won't waste his time in crypto.

Wasn't his twitter account hacked a few days ago? Maybe that post (if there is one) was made by the hacker. I doubt a serious businessman like Elon would make such a statement though.

LOL, you have nice imagination and it is the result of holding on to your bags too tight. all the blood has gone from your head to your fingers digging into the bags to hold them tighter maybe you lose less money if you do so :D

people like Elon Musk are not going to buy some shitcoin that is centralized and fully pump and dump. and even if they do, they will do it for a very short time during the pumps only to get a profit out of it and dump it like shit as fast as they get that profit...

The essence of the discussion is that Elon Musk's good name will be clean again, so he plans to buy all eth, but how can it be? I myself do not believe the news.

I saw a tweet like that, may not know whether that is his original handle, but that goes to confirm that eth has finally gotten to the bottom, the heavily oversold portion will bounce in any short period.

Hello user NeuroticFish, Sure I will submit the link so that you can check yourself, I never publish false news though. here is the link for the news published on bitcoinexchangeguide.com
https://bitcoinexchangeguide.com/elon-musk-wants-to-buy-ethereum-eth-even-if-it-is-a-crypto-scam

Yes, even I tried to see the relavant tweet, i too couldn't find. may be he tweeted some days ago or what? this is the news link i got the information. you can check yourself https://bitcoinexchangeguide.com/elon-musk-wants-to-buy-ethereum-eth-even-if-it-is-a-crypto-scam

How etherum becomes a shitcoin? he just saying it, but it doesn't mean ETH is a shitcoin. I think what he meant is, ETH is that much precious for him I guess,I am surprised with your statement , Is Etherum centralized ?

Thank you! I think the crypto market involves too much to interstate financial institutions. It is a great force to impact on this market, they give us hope by small recovery then crypto is a bloody

Wow, I'm really surprised. Thanks for the link. I didn't read the article, I just checked the twitter link and it looks legit, it seems that he indeed said that.

More interesting facts:
* a fake Elon Musk has posted on that same Twitter thread a fake Ponzi style giveaway. I don't understand why that was not deleted yet.
* everybody started advertising their coin there :) so lame...

The same way he wouldn't call a life saving diver a pedo because he didn't like the design of his submarine? He might have some great ideas and have had great success in his earlier years but a serious businessman he is not.

If it don't come from https://twitter.com/elonmusk then it's not him, simple as that

And it seems that OP has not yet checked the link, it looks a joke for me consider elon was crying caused by its financial is on trouble right now. Tesla needs a lot of funds.
Just try to combined it with the logic that someone was creating a fake account to create a hype and this was true. this is not my first time to see that someone tried to create a clone twitter.

could it be just like sarcasm?
maybe this is an early warning for those of us who want to invest in ethereum, told us to get a position

But in my opinion, we don't need to consider this to be excessive, something like this is not commonly used by us in several threads in this forum ?

im already in position. the crypto sense is tingling

Interesting, hope this news will affect the whole crypto world.

in cryptocurrency and the like I think all could not have been able to know for sure even a lot of it contained uncertain news, I felt the confidence and patience that would make all have confidence in investing

This is a good news to cryptocurrency. This is a boast to etherum and I believe that certainly, the price of etherum is certainly going to respond positively

I never heard that man but I'm happy for the great news. CEO of a big company will enter to crypto world. This is a biggest development and can prove how Bitcoin be here no matter what the situation of the market. If this news become real, more user will be interested about crypto such the person under his name, clients,partnership, and mostly the community which have access in his businesses

I can´t believe how much FUD and FOMO are mixed on this fake news. Elon gives a s^it regarding ethereum, as he has already more on the dish than anyone can handle.

I didnt see here a good news, unfortunately. I mean, Elon is rly famous and extraordinary person. But. It's only PR move, isn't? Elon know how to make hype around the person. And he do it very successful.
But there is other side.
It is unimportant for us. Why?
Final price of ETH. That is important.
And any hype can to provoke growth.

Anybody looking for the exact tweet, there you go: https://twitter.com/elonmusk/status/1034483462235975681 This tweet is causing a wave over all the crypto related forums. I don't know what's the big deal.

From the looks of it, he is just being sarcastic. Elon Musk isn't the kind of personality to adapt to an existing system. You know, if he comes up with his own crypto, millions will be invested into it and it would actually be used in the real world unlike others.

I hope good news will start to enter cryptoworld and not all FUD. Slowly but surely btc is making its rally and i think that some more good news and we will be back in track again.