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Author Topic: Will Bitcoin's Price be affected by this?  (Read 744 times)
GeorgeJohn
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October 23, 2022, 07:24:14 AM
 #81

This an old news of Elon musk buying Twitter. And secondly this buying of Twitter don't have anything to do with cryptocurrency price, those one of the major factors that increase the Bitcoin mining and investors, Elon musk is a business minded person that wants to diversify his source of income, so he building his pathways of money doesn't have anything related to Bitcoin increment, i think the frame of your composition is wrong conception.


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October 23, 2022, 01:19:26 PM
 #82



Now, my question is what impact do you think Mr. Musk's purchase of Twitter will have on Bitcoin's price if he succeeds?

His favorite coin is dogecoin, if there is any effect from this sale, I think dogecoin is the beneficiary, not bitcoin. This is very interesting news but obviously there is no connection between twitter and bitcoin here. Everything will be very interesting if Elon really becomes the owner of this social network, I know he is a very smart person, he bought it must have fully planned his work but he is also an investor holding bitcoin and dogecoin. There will definitely be some interesting things to watch out for on the market when he officially owns it.

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October 23, 2022, 05:06:04 PM
 #83

Now, my question is what impact do you think Mr. Musk's purchase of Twitter will have on Bitcoin's price if he succeeds?

Why do people always connect to bitcoin whatever Elon Musk will do. The purchase didn't even said anything about it so there is no reason to speculate if it will make an impact on its price. He even stopped posting crypto-related stuffs now since he realized that he can move the market with his influence by doing it on dogecoin last year. We should not treat him or any famous personality as a signal to buy bitcoin or any other cryptocurrencies.
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October 23, 2022, 07:47:00 PM
 #84

Honestly, I don't see any interest in bitcoin or cryptocurrencies from Elon what he wants is just for his own gain and he saw that it is possible to manipulate the market to make a profit for himself and he succeeded once in the past when shilling bitcoin and doge. Regarding the acquisition of Twitter, I think he has a plan for his business, he is quite busy with tesla and his other companies, and I don't think he has enough time to buy Twitter just for crypto purposes. Don't overestimate him as a true crypto fan with just a few tweets from him.
What about the most of us? I think many of us don't also care about the cryptos but we only buy and hodl them for the sake of earning a profit. The real ones that care are the ones who use their coins for payment purposes only and they never made a complaint whatever the price ends up but what is only important for them is that they can send or receive money seamlessly without any restrictions. There's no need for Elon to buy twitter if all what he wants is to manipulate cryptos again because he already did it in the past but he buys it because he have a different plan. We are clueless for now but we will soon have a hint if what is it.
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October 23, 2022, 11:36:56 PM
 #85

If Musk was going to make a difference in speculation it would it would have happened by now.  As the worlds richest man of course it can cause an effect but its going to have to be on action not speculation of what might be, people presume Musk will talk and do little on this point as its not really engineering but more of an ego move on his part.
  I think BTC price needs to 20.2k at least before we take any positive occurring from here.

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October 27, 2022, 08:17:14 PM
 #86

Honestly, I don't see any interest in bitcoin or cryptocurrencies from Elon what he wants is just for his own gain and he saw that it is possible to manipulate the market to make a profit for himself and he succeeded once in the past when shilling bitcoin and doge. Regarding the acquisition of Twitter, I think he has a plan for his business, he is quite busy with tesla and his other companies, and I don't think he has enough time to buy Twitter just for crypto purposes. Don't overestimate him as a true crypto fan with just a few tweets from him.
What about the most of us? I think many of us don't also care about the cryptos but we only buy and hodl them for the sake of earning a profit. The real ones that care are the ones who use their coins for payment purposes only and they never made a complaint whatever the price ends up but what is only important for them is that they can send or receive money seamlessly without any restrictions. There's no need for Elon to buy twitter if all what he wants is to manipulate cryptos again because he already did it in the past but he buys it because he have a different plan. We are clueless for now but we will soon have a hint if what is it.
There are many possibilities about why Elon Musk would like to buy Twitter, one simple possibility is that he wants to influence politics on the US, most of those behind social media platforms are in favor of the Democratic Party and their policies, and even if Elon Musk does not want to interfere directly his approach to freedom of speech is more aligned with the ideas of the Republican party and could benefit them on upcoming elections, then it is likely this move has nothing to do with this market.
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October 27, 2022, 11:59:04 PM
 #87

Now, my question is what impact do you think Mr. Musk's purchase of Twitter will have on Bitcoin's price if he succeeds?

Why do people always connect to bitcoin whatever Elon Musk will do. The purchase didn't even said anything about it so there is no reason to speculate if it will make an impact on its price. He even stopped posting crypto-related stuffs now since he realized that he can move the market with his influence by doing it on dogecoin last year. We should not treat him or any famous personality as a signal to buy bitcoin or any other cryptocurrencies.
People still can't get over with Elon Musk these days on how he played the Bitcoin and altcoins market just like a milking cows factory. This should be enough of a reason why they should stop connecting the wrong dots that every Elon Musk do since it's nowhere to go. He just playing the media and the News to gain sympathy or a biased results plus he's not into Bitcoin anymore but rather playing on his memecoins plus he gets to get the profit since people are riding with his game.

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October 28, 2022, 09:00:39 AM
Last edit: October 28, 2022, 10:07:12 AM by Marvell1
 #88

Elon Musk officially became the new owner of the social network Twitter today.

Of course, this will not affect bitcoin or the market, but recent information has also been announced by CZ, that he has also contributed to helping Elon own Twitter.
With this news, I believe it will have an impact on the crypto market in the near future. Twitter is considered the top favorite space of crypto investors.

Do you think this will benefit the market or will it harm the market, it will be easier for Elon to manipulate the market and CZ is becoming a monopoly in many areas of the market??



https://www.cnbc.com/2022/10/27/elon-musk-now-in-charge-of-twitter-ceo-and-cfo-have-left-sources-say.html
https://www.coindesk.com/business/2022/10/28/binances-cz-confirms-participating-as-equity-investor-in-musks-twitter-takeover/

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October 29, 2022, 10:06:40 AM
 #89

Elon Musk now has an influence because it is officially the owner of Twitter, of course whatever he tweets will be easy to be trending and if he makes a negative tweet then the influence on the market, but we don't worry because the whale is not visible cryptocurrencies is very much and more influential than Elon Musk .

Twitter and the market have no relation and Elon owning twitter does not make his reputation bigger in the market. In the past, he has deliberately manipulated the market a few times and people realize it too. If he keeps doing the same things when he owns this social network, people will leave it and his reputation will go down. You should remember that the market is full of whales but no one can manipulate the market, if any affect only a few coins in a certain period of time.

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