Bitcoin Forum

Elon Musk accidentally made a pump on another coin - Mars Coin.

https://i.imgur.com/tfbMRWy.jpg

He did not know (I think) that such a coin already exist.

The Mars Coin price was pumped from $0.11 to $2.5 in minutes:

https://coinmarketcap.com/currencies/marscoin/

I wonder what new coin Elon Musk will mention by accident  ::)  :D

I am slowly deleting the technical analysis tool instead taking the time to read the latest tweets from elon musk, and it has been working for me lately.    ;D

Perhaps there will be many other surprises in the future, when doge, bitcoin .... are very effective by elon musk fomo.

I check Elon Musk and WallStreetBets tweets every few minutes.  ;) But lately is very quiet about DOGE and other coins, they talk only about Bitcoin.
It seems they are getting more and more careful. They began to realize the strength in their hands. I'm just worried that they can start using it for wrong purposes.

That tweet was just only a joke. Elon didn't really mean to pump Mars coin since it just coincidence for crypto to have same name like he tweet. It was different story with what happened with DOGE.
When i see on CMC, on Mars Coin it said This project isn't affiliated with Elon Musk. Haha

In the first line of my first post it says he did it by accident:


Of course it has nothing to do with Mars Coin. Just like he has nothing to do with Dogecoin. But you'll probably say that Musk is the CEO of DOGE, because that's what he writes in his profile ..  ;D

Agree with you, at the moment I only see btc and doge that are coins that Elon has shiller for a while. But basically we should focus more on the obvious projects in this market, instead of waiting for the tweet. I'm not in denial that Elon is making this market more exciting, but the way he's doing it I'm seeing it is not an effective way of helping this market.

That coin is available on a small exchange, so I think that does not attract many traders to trade. But still, for people who can get a profit from that coin and that moment, they are really making a big profit. The price now is back to the last lower price, and it seems the party is over now. I wonder what will be the next coin that Elon will say about, and I wonder if that can make a coin increase too or not.

After all, experienced users and whales know that this is pump & dump. It's new users who don't realize it and buy (for example) DOGE with life savings, yet the price is based on only a few tweets. Sooner or later the price will drop and they will lose a lot of money. Posting such tweets as Elon Musk do is very irresponsible in my opinion.


Of course, he did it without even realizing that such a coin exist. However, he still managed to pump the price by several hundred percent.

Why didn't I see this tweet? I'm subscribed to it and the bell. Do I understand correctly that he deleted this tweet? After all, you could really earn x10.

Because it wasn't a tweet directly on his profile. He wrote it in response to his previous tweet about Dogecoin massive centralization. Here you have the direct link:

https://twitter.com/elonmusk/status/1361709250561642498

Its just small pump since the coin have no big community like Doge.
If the community can make FOMO about that tweet, i think the pump can last a bit longer...

This coin is listed only on two or three very small and unknown exchanges where volumes are minimal. This pump was probably done by a few people who thought that going to happen something similar like with DOGE. This time it was just a total accident and Musk has certainly forgotten about this coin and this tweet long time ago.

Someone is a great fellow if he managed to make money on this,my opinion is that such tweets will not lead to good.Although the volumes on the exchange are clear enough, it looks more like the exchange itself created this pump)

Interesting idea that Exchange did it by itself. I imagined more that it was someone accidental or a complete novice who hoped to find a gold mine.
Anyway, once again we see the power of words of Elon Musk. This only proves how dangerous his tweets can be for new and inexperienced users.

People are like sheep. They blindly dumped the money over another dead and useless coin just because Musk "said the name".

I wonder too what will be the next "gem surprise".

Because there are very few exchanges for Mars coin, that Elon Musk's tweets this time did not last as long as happened at doge pumps
that until now are still at price heights. Probably many traders think twice about  buying Mars  coins because  they only  exist  on three
exchanges. Perhaps the result will be different if Mars coins are already listed on many exchanges.

Two daya ago mars coin reached its new all time high $2.50 but now its price just crassed down until touch $0.5. It is bad, really bad and will make many people hate crypto currency.

I don't know Elon Musk's intention to create about an altcoin. Also, it will be a concern for every investor, you can't buy all altcoin which was reccomended by most people. You have to know the ins and out of the altcoin itself, especially its function foe human life.

Honestly, I am also looking forward to Musk's next surprise. I try to refresh my Twitter every few minutes with hope to see some (random or not) tweet with the name of a niche coin.
Who wouldn't want to earn 1000% as it was on DOGE?! If this is a sheep for you, let me be that sheep!  ;) 8)

Will this MARS coin go any higher? If you may know where is Mars in the exchange? I think the community is very fortunate this time. And this is a surprise for Mars holders who have been waiting for its rise for a long time.

Is that for real? I don't see any tweet from him about Mars Coin. That image could just have been edited to hype that coin.
Check his twitter official account: https://twitter.com/elonmusk

Mars Coin is listed only on three exchanges according to Coinmarketcap:

https://www.finexbox.com/market/pair/MARS-BTC.html

https://folgory.com/trade-crypto/MARS_BTC

https://www.xt.com/trade/mars_usdt

The pump took place yesterday and it looks like the price is only going down, but it can be said that it is still very high, so there are still some who believe that the pump is not over.

Its not gem surprise, its a shit surprise  :D
All of the people do by following tweet recommendation is a joke, like people who buy stock by another people recommendation without any good reason behind it.

Oops, did i mention TESLA?

It is real picture  :) You don't see this tweet directly on his profile because it is a response to one of the comments on his earlier Dogecoin tweet. This is a direct link to his answer:

https://twitter.com/elonmusk/status/1361709250561642498

You can't blame some users to follow what Elon Musk is saying.
His status makes him popular to people that they thought, everything he is saying is solid.
But yes, people should assess things on their own. Not blindly following what others are saying.
Honestly, I just learned this Mars coin because of this tweet. If nothing else, this simple tweet makes other people to search for this coin.

You can really see on how shills out of those tweets could really be effective for someone who do make use of fundamentals then this would really be profitable for those
who do take advantage of it but sadly to those people who had been caught by the dump of that Marscoin.

People do always thought that every coin Musk do tweet out would pump out.Yes, it did pump but that wasn't his doing.

Community doesn't really just like to miss out another opportunity just like on what happened in Doge.So I cant really blame them.

When you tend to visit out that marscoins there's some note above:

Please note that this project is not affiliated with Elon Musk.

regardless whether his tweet is real or not, what he means is a coin that could be invented for the sole purpose of using it in mars when maybe mars exploration turns out to be a success and not the already existing mars coin ,it's ridiculous how that coin got pumped and now got dumped so hard, I mean, seriously?.
Most of people shouldn't blindly follow what elon musk wrote on his tweet and stop taking his tweet too literally, smh.

I don't know if The Idea of Elon Musk being Speculator is Stupid or the people in Crypto is? imagine Elon is making fun of the market now and yet people still follow Him even if the Coin has no really good kind of project?

I am not Bitter of having late of buying this MarsCoin because i don't really believe in Pump and Dump But instead my concern is if each coin/token that Elon Calls will Pump then He can do this in all coins ? or he was just pretending not to know the coin but the truth is He is funding on this and just bagging Money from stupid investors who believes in every tweet he says.

It's just a joke from Elon Musk, and it seems to me that things are slowly losing their interest and instead is bullshit. I understand this market is too small right now, so it's easy for people with a lot of money to influence it, I don't want to negate what Elon Musk has done to the crypto market over time, but everything should be serious.

I hope in the next few days, Elon can tweet other coins that I have so that I can sell that coin at the highest price lol ;D

Elon can really move a coin to a high price without people knowing his reason to do that. We can guess that he mention that coin by coincidence, and I think he even does not think that the coin exists.

any coin that Musk tweet will literally for to mars. but this had become very strange already pumping a shitcoin.

i'm sure elon muck realized that whenever he tweets something about a coin, the traders who just rides the pump are going to jump right in to profit no matter which coin that is. dogecoin is considerably good but marscoin is a shit. doing this regularly will make him look like shit.

I like this joke of the light, chances are he may create coins like that in the future. After the doge phenomenon in the crypto market, I became more interested in Elon, he seems to be very fond of cryptocurrencies and this will be very beneficial to the market when large investors. care about the market.

As for the joke from that new tweet, we should have fun with it because elon musk is so funny :)

I really can't believe that people are idiots enough to fall for stuff like this. He didn't even mean that he will be taking over marscoin or anything, that is really not the case, he may not start a "marscoin" if it exists but it would be like a "mars" coin, so the name could be different, but of course he is not going to do it now, because SEC would be all over his business if he ever tried something like that, maybe a promotional funny stuff but not something legit. And there are so many people who invested into a coin just because they misunderstood what Elon was trying to say.

Marscoin had about 1000 dollar per day volume and after this tweet it became more like 50k+ volume and still quite high compared to what it used to be. I really do not know what people are thinking when they are making decisions like this, they should really be more careful.

Ye right I see the pumped of Mars coin wow.. but it suddenly fall, too bad to those who bought at the high price. Elon Musk is crazy, he tweets a joke but people gets serious lol. I guess the next tweet will be the Venus, Sun token, Pluto?..

Thanks mate.
I thought that it was a direct tweet from him and that's why I can't find it. I didn't look at his tweets and replies but only for the specific tweets.
So again, there could be another rush for this coin once Elon gives attention to it.

Im not blaming anyone, i just make fun of it like what Elon do, isnt it?
What you mean by everything Elon saying is solid? IMO he just randomly mentioned Doge without any good background behind it.

The guy is not doing enough research, or nobody advises him that there's a coin like that there's a trap on this situation if newbies are not aware of this he will be caught and end up losing, I don't know about Marc Coin potential in the market, but because of that tweet it has become a pump and dumps and many got introduced to this coin.

For those who had purchased out Marscoins directly without reading up this thing will surely be regretting as of this moment because the price is on the floor now and being
dumped.People do really normally react into those words that he would say without even making out some further research and considerations if they should take action
or just simply ignore it.The fact that marscoin had already existed before Musks do mention it and he wasnt aware and with that people presume that he would make
out investment on that coin and in result some of them did really purchase on and to those who baghold marscoin for how many years had finally sell off their
bags for a very long time.