Bitcoin Forum

This will be my final post about Elon Musk, and seriously we have all given too much attention to his shenanigans.
From the beginning, I was trying to understand his game and why he got into Bitcoin in the first place.
Musk has a very long file of tweets moving the price of Tesla since 2018. He (ab)uses his Twitter power to push prices.
His Bitcoin adventure though wasn't seen very positively by Tesla investors.

The YTD $TSLA chart is the reason for every tweet made by Musk. Tesla is down from ATH by a huge percentage and investors are not quite happy with that.
This is not just $1,5 billion but hundreds of billions.


He doesn't tweet to crash BTC, he doesn't care about Bitcoin, he only cares about his companies. He tried what was a trick to gain more popularity and entered the crypto world, but things didn't turn out as he expected, because many traditional investors dumped $TSLA for this reason.

The worst part is that Bitcoin is left now with Musk manipulating price, just for the shake of the price of $TSLA. I hope this resolves quickly and Musk loses his influence, but this will require giving a lot less attention to individuals trying to gain attention.

Should this really be a surprise to anyone though? Dude's going to live comfortably(to say the least) regardless if Bitcoin exists or not, whereas his companies are what gives him all the funds he needs in his lifetime.

The Tesla price drop has nothing to do with the Bitcoin price drop.Tesla stocks were and still are overpriced.
Musk doesn't care about Bitcoin,just like 80% of all the investors,who bought Bitcoin.They care only about prices and profit margins.Everything is about "buy low,sell high".
Tesla would never cost hundreds of billions of dollars,if the government wasn't supporting that company with regulatory credits.

You mean the Elon Musk tweets didn't affect the price of Bitcoin at all but were totally irrelevant?

We can't really 100% sure if with his tweets, he can manipulate the Bitcoin market. But as many people take too seriously with his tweets and some article also exaggerating react his tweets, many people panic selling because of that's FUDs. Assuming Elon Musk tweet is affecting the Bitcoin price, this won't last long until many newcomer already understand Bitcoin is and not only to earn instant profit.

There's no correlation between TESLA stock and Bitcoin price, it's just your conspiracy.

It is not people. There are thousands of bots connected to tweets of public figures and react in less than a second buying/selling. When people read the tweets and react it is already too late.
Also, the tweets are part of Musk's plan to please his current investors and those that sold to rebuy, trying to make an image of Tesla having environmental concerns. Same goes for Square. It is all part of the agenda, do anything as long as it doesn't hurt our stock price.

The bitcoin people who follow him thinks otherwise because they find Elon as a technological innovator and revolutionary but not as a businessman which is his true colors in all the three that I have mentioned. The title actually is a no-brainer, if you are a businessman, you don't care about the other money makers unless you make a benefit in them or they protect your interest or you are going to buy them.

Of course he cares about his company the most. You should have understood that after his recent manipulations. Maybe he cares about cryptocurrencies too but not as much as his company.

Why people are always talking about Elon Musk and his companies they always getting too much attention and free advertisement Its better to ignore all of those Elon Musk tweets so that everyone's ego will not be affected because I don't believe that Elon can manipulate the entire crypto market that sounds stupid to me. But regarding Tesla and cryptocurrencies, it is pretty obvious that Mr. Musk Billions are coming from those companies so that's not surprising why he cares much about Tesla, SpaceX, and all of its milking cows including Dogecoin I guess.

Of course, He never let his/their company sinking unlike what he does to Bitcoin. No, he will stand for it and helps to improve.

I certainly understand what is his intention and that he cares for himself, not for crypto. It has his choice, he lives that kind of life, we have to move on and stay away from him if we want.

This is all about money but we are not sure that he still investing crypto that we never know. Coz what I believe is that he keeps shilling Doge until now, might he did this to other coins anonymously.

Agree with this,,, I think we are all giving him what he wants by discussing what he is doing. I think there is nothing wrong with talking about events, but when we start to speculate about the reasons behind it and all that? Now THAT is what gives him all the attention he wants.

He increased followers by 15% during all this BAD press too by the way!

That's not hidden secret. Elon is a businessman and his only agenda is to make profit. Why would he be concerned for btc or crypto?.
He saw there is a good opportunity to explore crypto space so he bought some coins, started promoting it,sold them at huge profit. And that's it

Tell it to those people who are shaking over a little tweet from Elon, it is already clear that he has no interest on btc except for his company, i hope those people listening and always reading his tweet will read and learn and stop selling their precious asset anytime this clown tweet, i know soon people will be use to seeing those ridiculous tweet and careless about them.

This is no surprise to me. He has always been caring about his company mostly and it will continue like that too. Except his manipulation of the crypto market, I still think he also cares about this market. Because he aims to make a lot of profit here.

I echo the sentiments of most posters, it is obvious that his main goal is to push his Tesla first before bitcoin. The problem with him though is that he really change his tune and become anti-bitcoin. Maybe for his this is a game.

But for his Tesla investors, not good for him to involved too much on bitcoin, that's why the sudden U-turn. He doesn't really to involved himself in bitcoin, he should take care first of the company that built.

That's so bad price fall, in my point of view his company is very depend on the acceptance of ideology or idea. So to sell his car he need to make people accept the idea to save earth by reducing emissions using electric car. If people don't like him then maybe people will not accept his idea and will not buy his car. I think he and his company image must be keep good all the time. He just a human he may make a mistake, but nobody is perfect. The best human is who made a mistake but then accept the shortcomings and repair it. I think he is smart person, I am sure he can solve this problem.

There's no other person that shall care for his company but only him. That's everything that he does, it's for the benefit of his company.

He's using the bitcoin/crypto community for his own sake. We're used to his tactic and we should stop giving him the attention he wants.

Seeing the topic, its obvious that Elon Musk will care about his company Tesla and give preference to it over bitcoin. Elon Musk does not own bitcoin so why he be interested in keeping its price up to certain level. Also alone, he can't do anything and we need to realize that Elon Musk have no control over bitcoin.

With the obvious exception of Satoshi Nakamoto nobody has gathered as much Bitcoin related
attention as Elon Musk has and its all in the space of a few months.

When I told my wife that Musk bought Bitcoin she said "oh thats not going to end well"

What was supposed to happen? EM to sell his shares in Tesla, relinquish his position
and turn his 100% attention to SpaceX and Bitcoin? No

Tesla is getting well subsidised from a lot of governments around the world, remember that
saying "never look a gift horse in the mouth"

Damn it! You are absolutely right!! This is the only comment that is true for real! Thank you and I hope as many people of this community and not only, to open their eyes!!!

Right! If not all, but most of us are into investing. Crypto involves money, his influence and wide audience can boost every insight he got and reach potential people from the crypto community.

Isn't it fair to think about mine profit? Yes, it is. Elon Musk also done the same thing with him. He saw bitcoin is the place what has hype where only has investors or money mad People and we know that he has a brain where has lots of idea to make money. And he use his brain he comes into bitcoin creat his hype gain attention from investors out side of crypto investors being a hyped person on news through bitcoin. Which gives tesla more investors. Then after some time elon becomes a simple man on crypto then he start a negative thing to get more attention by negatively but get attention is more needed. Which was his attention and in my opinion he will do it until he is being satisfied.

Of course not right? But now he may be pressured already to do something not quite as drastic but to clip his influence. Other people holding shares like him will not be happy he is seeming tog et distracted.

Oh,,, and your wife is a Musk fan or a Bitcoin fan? Or just observer and you are the use? I wish I had someone significant sharing my love for Bitcoin:)

I would argue he also cares about showing his muscles everywhere in the world in every important sector. Cryptocurrencies has obviously become one of them so why not show the world that he can push Dogecoin through the roof and laugh authorities like the SEC straight in the face?

Musk is crazy, he is a genius and a maniac and what not, but you can't deny that this guy delivers on his promises and way beyond. Or maybe not on his promises, but he exceeds almost every human being on planet earth in terms of execution. That guy is out of this world in that regard. Building an internet bookstore and growing from there is one thing and what Bezos did is huge, but how the heck would you start to build a Tesla? I would be overwhelmed just with the thought process and I would give up for sure. Hats off to what he has achieved in his life already. It isn't just a piece of paper with a drawing by an engineer, like a prototype. His cars are *** driving. And his rockets are *** flying into space, come back and land. ;)

I don't know why he is called a genius so often. I have my reservations. He delivers part of his promises, those feasible. The unrealistic ones are there for the hype.
More time is needed to judge. Too many snowflakes appeared out of nowhere and disappeared like that.

Come on man! Who is about Bitcoin? If we are honest, then we are all here to make money from Bitcoin. Even we do not care about Bitcoin technology. Then how can we expect Elon will care about Bitcoin? Does it really need to care about Bitcoin by an institution or by a person? Was it the goal of Bitcoin creation? Elon needs to make money, doesn't matter it's from doge or Bitcoin. No doubts if you have a big company like Tesla then you would care about your company. Not for Bitcoin which is backed by the community. We can't say wrong in this case. If you say Elon is manipulating the markets, then I would agree.

I think that Tesla and bitcoin have nothing to do with it at all, Elon's case about bitcoin cares or not, he knows for sure from all his posts about bitcoin, the motive is clear, namely buying at a very low price and selling at a high price.
for tesla it's different, it's just one of his options in using the money and getting more results than this.
For Tesla's own stock, which basically declined from the start, the price of Tesla's shares was already high and had nothing to do with bitcoin.

No matter how much you try to avoid him, he’s already an influential, and the problem here is that whatever he says the media will always carry it and spread the news and a lot of people are going to see it and believe it. And there are also lots of people that are following him on social media and most of them can be so dumb to believe everything he says. So, that’s the problem here.

But it’s all a matter of time, it will all pass, people will get used to it and they will stop taking him serious and that’s it. At that time he will lose his grip on cryptocurrency. And I believe that the reason he invested in bitcoin was just to manipulate the market and make more money.

Anonymous spoke up and had a pervasive effect. People together overcome FUDs from Elon Musk, China because everyone understands the value of Crypto.
Elon Musk toyed with his tweets and ended up choosing TESLA and his other companies. It is possible that TESLA sold off its Bitcoins during the recent drop.
We should be glad that decentralization won out in the end.

And its irony that bitcointlk.org is giving too much attention to Musk. It's not Musk who is worthy rather it's us who made him worthy by discussing him again and again.
If he cares about TESLA then what's wrong in it, it's his company. We the bitcoin community should care more about bitcoin rather the MUSK tweets.

My own greed and Musk manipulation left me with nothing

I hope that you have learned a lesson regarding investing and following influential people for investing signals. Also, this shouldn't be a no-brainer that he cares about Tesla more than bitcoin, it's his company after all.

Whether the two can be correlated or not, I do believe that there's is a reason behind this Bitcoin move that Elon musk made. He wouldn't just be doing that out of no where with no purpose and whether it worked out for him or not cannot also be justified but I would say that all the people that are quick to react to his tweets will have to understand sooner that Elon never had any good thoughts for Bitcoin in the real sense but to be used as a tool to achieve something else.

it is certain that he supports his project, if he supports his project in the crypto circle, he should not talk bad about bitcoin before. because all altcoins will inevitably depend on bitcoin later. and it seems that a lot of people have realized that he doesn't fully support bitcoin. after some of his recent tweet about bitcoin.

It's certain that Bitcoin control the crypto market, whether he support Bitcoin or not it's obvious BTC is here to stay. It's short-term effect Elon Musk believers have very little confidence in the market but how long this guy go through with his plan? If volatile doesn't scare you then Elon tweets won't control you longer.

There is no doubt that all his tweets were intentionally made to manipulate the prices of Bitcoin.What @davis196 was trying to say was thay he really don't care about bitcoin and wants only profits which he made from $1.5 billion investment of Tesla funds and already made fortune from them.And these tweets were made because the government was funding Tesla from a long time and suddenly their support increased after he started making false accusations against bitcoin.He manipulated the market first to increase the prices and gain profit and afterwards make claims of energy consumption seriously dude? He was just messing up the market on federal signs.

There is no doubt that all his tweets were intentionally made to manipulate the prices of Bitcoin.

I believe it was Musk's immature behavior and contradictions with his own statements that changed the perspective of people. The image of the leader of a company always affects the share price and Tesla was nothing different. Guess, he ought to be more careful with his tweets in the future.

I did not expect when it was the freshly reported.
I don't even know what's the connection of Anonymous to Bitcoin, though I think they gotta do something about it at least.
Hopefully this Elon Musk trend should be laid to rest already, it is getting ridiculous the more attention we give.

Yeah the respect of people has been taken out and this could affect their sales in the long run, imagine how many people got rekt by his manipulating tweet for sure many will get turn off and find justice for what they are experiencing right now. I believe if Musk will not change his attitude there will be time that Tesla will be out played by other automaker since how could people buy if they hate the owner. For now its really better to tale precaution on what he tweets to avoid huge risk.

I think that if there were such people who thought differently, they disappeared after changing their shoes in the air, which the cunning and dexterous capitalist Elon Musk showed us all. I have only one opinion on this matter - it was all manipulation that should be investigated by the competent authorities in the United States. Although it is clear that we will not see anything like this in the near future, unfortunately.

If want Tesla's sales to be good in the long run, not only good promotions and product quality must be maintained. But also how the behavior
and words of the leader must be maintained properly too, Elon Musk as CEO has bad behavior, especially in the crypto world. Elon Musk has harmed
a lot of the crypto community in the world with his manipulations. I'm sure it will affect Tesla's sales and will hurt Tesla in the long run,
and this also proves that Elon Musk doesn't really care about Tesla, because people like Elon Musk don't care about anything else but himself.

Elon only cares about what makes him richer, more popular, and also stronger with its power to control the people, crypto world, and also wealth. That is him. And we don't need to care about what he cares about and what he wants. We only care about the crypto world, and no matter what, we can really expect to get better market condition, within or without Elon tweets anymore.

Of course he would care more to it than Bitcoin because it is his company he owns it he controls it unlike crypto that is decentralized.
He only used crypto to gain more attention for his company since crypto is having too much attention he used that opportunity to ride it and use it for his company.

everyone struggles with what he wants as well as ELON I think he is struggling to raise the popularity of his company to be higher by linking it to bitcoin.
and with the topic of his tweet it is clear that Elon Musk really cares about his Tesla company and prefers it over bitcoin.

All of this is not news to those who pay attention to markets and have an understanding of economics.

It makes sense that Musk cares about his companies, and quite understandably less about Bitcoin. Tesla is by far a larger (and longer run) investment so of course he'd do anything in his power to preserve his legacy. Yes, Tesla shares were overpriced to begin with so the fact that they are correcting is only normal.

Like any investor Musk also looks at BTC as a possibility but that doesn't mean he'll drop everything and devote to it - BTC is still far from reaching the adoption we require to see a significant interest from outside of retailers.

I think it is normal for a Leader or CEO or every level of manager to only care about their company. Managing a company is not easy, I think low level manager, middle level manager and top level manager should know that many people are depend on them. Every decision that they made must go through many consideration and very serious. In my opinion although he prioritize his company but he also care about bitcoin although maybe it's just a little. He bought bitcoin, it is a good advertisement for bitcoin too.

Indeed. It is not a surprise if he only cares about what he wants to do because he thinks the other is unimportant. He only wants to become more popular and famous and, of course, become the richest man in the world. We do not have to listen to him as we only care about ourselves but we can use him to help us to make money ;D

If I were in Elon's shoes I'll definitely care more about my own cryptocurrency than Bitcoin, and that's the same with other crypto owners, It just happened that Elon is quite famous and how much he shows love with Bitcoin and Dogecoin, but at the end of the day, TSLA will still be his main priority, I don't think this should be questioned as well, it's really just basic common sense, especially coming from a businessman and a genius like him (not a fanboy of Musk by the way), just appreciating his past works and contributions.

Probably OP or the people who really believed that Musk cares about anything other than his companies. But that doesn't mean that we don't watch out for his activities, remember Musk is a trend maker since he has a big following in Twitter.

elon musk is now very confused where he can make huge profits, thats why there's a 3 choices for him. Lol
Because as you can see its very obvious that's he's now losing reputation and it seems his fans doesn't want to follow anymore what's the real plan to do, wherein after making his own project.. These sign is the beginning that no more meme coin in the future.  :D nah just joking

Whether you like it or not, there is a strong but silent competition out there in the market of crypto. And I see Elon musk using his social media platform as major weapon of warfare. Everyone that buys into the negative things he says is only a pawn on his chessboard. Majorly his aim is to reduce the worth or importance of Bitcoin thereby pushing his company as rather a better one. The funny thing is all he has to do is a single tweet😂. And the market goes down. The earlier his followers realise that he is only looking out for himself the better. He really doesn't care if Bitcoin is bad or if it crashes. In my opinion, he might not even be interested in buying. He is just out to make a name for himself and TSLA.

Isn't that a human thing?  too naive if we think of others instead of ourselves and profit for ourselves.  I'm too tired of hearing a lot of rhetoric as if in modern times like this there are still many people who care about the losses suffered by others in the market.  An Elon Musk is supposed to care about BTC for the benefit of the people isn't this the biggest bullshit ever?

Well it's not surprising since in the end everyone has their own business and interest, ignorant enough to do anything just for their own good. I guess many people realized it already, of course he's not doing anything for charity, since in the end he also wants profits. So whether he plan to pump or dump the price, i guess it's all according to his plan already. Too bad many people believed and followed his words. But good thing now, many people have realized the fact and i guess he already lose his influence though, not all but not many people care or give attention to him anymore, unlike before.

Yes, that is a human thing because we will do almost the same thing as he did. Elon will learn about not playing others with his money and will get redemption someday. Elon should realize that with his power, he should help as many people as possible and not just search for profit and popularity because when he can totally help people, he will get more profit and more popularity. People will follow him but that is if Elon can give the best for people.

I think I would think more out of the box here. He cares about money, not Tesla and not bitcoin. The only thing that man wanted was to gain more money from Tesla and other companies along with the manipulated bitcoin market. Get this money put all of it into SpaceX program to achieve his long lasting dreams of reaching Mars. Well what to say, space programs is not a joke and it needs huge amount of money, like unlimited cash.

The only way to get this money is from his multiple income sources and only bearable market is “Crypto”.

Behold, do not think this is over. Remember the tweet about DOGE and SpaceX payment? That will ring a bell, worst yet to come. 

To be correct, Musk only cares about his money. Only care about how much money he can make. He doesn't care about the others.

If everyone realise to do what you think is better so there is no poor people anymore because when every rich people really care to help others than think about their own profit, the poverty will not be there. This is really nonsense, for modern era we didnt care each other it's common thing. When there are some rich people care with others, we will think he is a hero then become popular.Isn't that what we often find?

Yes, I agree with you because it already happens some years ago until now. The rich people care about their popularity, but I do not like them because they always share their goodness in media, pretending that they are good people, but we do not know how good they are behind the media.

But if they are really good to others and many are not just thinking about the popularity, poverty can be solved. Those rich people really help the government solve that problem already rooted from a long time ago.

musk is a trader he is looking for opportunities in crypto world to promote real tesla before tweeting doge elon musk not everyone knows him but after he tweet doge elon musk is getting famous and tesla company is getting more and more famous even though now musk is destroying what he has built so it's done It's proven that Musk doesn't care about bitcoin, he just uses the crypto world to boost the Tesla company name.