Bitcoin pumping because of Tesla boy?

[cheezcarls]

Tesla founder Elon Musk famously supports Bitcoin via Twitter. But these days, the renaissance man is making news for other reasons.

Shares of Musk’s electric automaker, Tesla, spiked after the company beat sales forecasts for Q4. The robust prediction of 360,000 cars delivered was surpassed by 7,000 units. Such explosive growth appears to prove that Musk has weathered the worst of the storm.

Click here to read the full news

Could this be the reason Bitcoin keeps pumping?

Of course, Elon Musk a.k.a. Tesla Boy is supporting Bitcoin at all costs on one of his tweets. Now he has other reasons why, and I think it’s a good thing as well that would really contribute to Bitcoin’s recent pump.

However, I would not really count on that because the scammers are lurking and waiting for the right time for Bitcoin to go even higher before making a massive dump. It’s just my own thoughts though, as I’m preferring those who are scammed by PlusToken or any other scams (which these scammers are still holding to some BTCs while waiting for bull run to commence). 

[Nadziratel]

I am not sure it has affect on Bitcoin price really. If he use blockchain in its wallet, it may affect but there is nothing like that.

[avikz]

Elon Musk definitely supports bitcoin but I don't remember any recent tweet from him about bitcoin. I belive, the last tweet he made about bitcoin was back in early 2019. Which doesn't have any relation with the current surge! Neither it has any relation with the current car sales of Tesla.

The current surge is most probably fueled by the fresh tension mounting up between Iran and US! While a lot of people are actually expecting war, they are also looking for alternatives to safeguard their wealth. As a result, Gold and Bitcoin prices are rising fast!

[darkangel11]

Explain to me how this would be possible.
An average stock trader checks charts and sees that Tesla is going up. He doesn't think that maybe it would be a good idea to board the train, or if he has shares already to take profit. He thinks that since Musk tweeted about Bitcoin maybe it's a good idea to buy Bitcoin not Tesla It's like going to the store, thinking that you'd like to eat scrambled eggs and buying a chicken.

[target]

I can not see any connection about the price pumps these days to Elon Musk.

People knew he had invested to BTC because he once announced it. If he will later announce that the company only accepts BTC for the new cars I think we will be seeing more people going into BTC.  Would like to see this and see collectors come to buy the car and help the crypto economy.

[LFC_Bitcoin]

There’s not really a correlation between any Musk comments & the small price movements of recent days. It’s just normal market behaviour. The price SHOULD start to seriously get moving upwards in a few months as we near the halving.

[russel123456]

I am not thinking that price will increase after elon's
Support or comment. It Will depend about the secret sauce of blockchain.

[gentlemand]

Got to be one of the most pathetic and straw grabbing articles so far and there are billions to choose from.

And is the author so dim that he's mistaken all those fake Elons doing 'giveaways' as the real man's support? I most certainly would not be surprised if that were the case.

[mk4]

So bitcoin pumped because Elon's company rose in price just because Elon Tweeted about bitcoin like once? Give me a freakin break. At least give more possible causes like the potential(?) Iran war? Rather than this bullcrap. Next thing you know these crappy media sites will say that bitcoin rose because Nicolas Cage has a father in law that has a cousin that has a close friend that's cousin is bullish on bitcoin.

[crwth]

It's so funny that you call him Tesla Boy instead of other things like "The Real Iron Man" or something related to that, lol. Anyway, someone as influential as Elon Musk has a large group of followers on Twitter. I did some research, and I found out that it wasn't a recent tweet, or maybe someone could point out the recent one? All I could find is this link below.

https://www.bbc.com/news/technology-45953747

I don't think it's the cause, and it's quite old news. I see as Tesla and Bitcoin has almost the same start. I don't imagine to have two coincidences where the stock price rose of Tesla and Bitcoin rose in price as well automatically are linked.

[Youghoor]

Tesla founder Elon Musk famously supports Bitcoin via Twitter. But these days, the renaissance man is making news for other reasons.

Shares of Musk’s electric automaker, Tesla, spiked after the company beat sales forecasts for Q4. The robust prediction of 360,000 cars delivered was surpassed by 7,000 units. Such explosive growth appears to prove that Musk has weathered the worst of the storm.

Click here to read the full news

Could this be the reason Bitcoin keeps pumping?

Of course, Elon Musk a.k.a. Tesla Boy is supporting Bitcoin at all costs on one of his tweets. Now he has other reasons why, and I think it’s a good thing as well that would really contribute to Bitcoin’s recent pump.

However, I would not really count on that because the scammers are lurking and waiting for the right time for Bitcoin to go even higher before making a massive dump. It’s just my own thoughts though, as I’m preferring those who are scammed by PlusToken or any other scams (which these scammers are still holding to some BTCs while waiting for bull run to commence).  

Personally, I don't think I will agree with you on this. The entire bitcoin market is very known for a sudden increase in the market value of bitcoin with no particular reasons backing this increase.  People always find reasons to back an increase in the price of bitcoin just to create FUDs in the crypto ecosystem.  There might be a specific reason for this rise but i don't really think the above post is the reason.

[Twentyonepaylots]

Tesla founder Elon Musk famously supports Bitcoin via Twitter. But these days, the renaissance man is making news for other reasons.

Shares of Musk’s electric automaker, Tesla, spiked after the company beat sales forecasts for Q4. The robust prediction of 360,000 cars delivered was surpassed by 7,000 units. Such explosive growth appears to prove that Musk has weathered the worst of the storm.

Click here to read the full news

Could this be the reason Bitcoin keeps pumping?

Of course, Elon Musk a.k.a. Tesla Boy is supporting Bitcoin at all costs on one of his tweets. Now he has other reasons why, and I think it’s a good thing as well that would really contribute to Bitcoin’s recent pump.

However, I would not really count on that because the scammers are lurking and waiting for the right time for Bitcoin to go even higher before making a massive dump. It’s just my own thoughts though, as I’m preferring those who are scammed by PlusToken or any other scams (which these scammers are still holding to some BTCs while waiting for bull run to commence).  

Personally, I don't think I will agree with you on this. The entire bitcoin market is very known for a sudden increase in the market value of bitcoin with no particular reasons backing this increase.  People always find reasons to back an increase in the price of bitcoin just to create FUDs in the crypto ecosystem.  There might be a specific reason for this rise but i don't really think the above post is the reason.

Indeed, Elon Musk publicly sharing his support on bitcoin might produce some hype on his supporters bt that's too insignificant a value to even consider. FUDs are being made because of this which in itself is not really that bad but it creates false hopes on people aspiring to invest. It's best to assume that bitcoin's price is independent and is not controlled by one or more variables than blatantly saying joe's the reason why bitcoin's high.

[alyssa85]

Nobody gives a toss about Elon Musk.

Bitcoin's price is rising because of geopolitics. We're witnessing it's transition into digital gold. The price of gold is at a seven year high, thanks to events in the Middle East, and bitcoin is rising towards $8000 for the same reason.

Musk is completely irrelevent to all this.

[ChrisPop]

Elon Musk's tweets surely hold some weight, but it is very unlikely for people to make decisions just because Elon is supporting it. Although I know a lot of impulsive investors who are looking for a signal to invest everywhere especially on Twitter. That's why Crypto Twitter is so famous - because some people made some lucky calls and some people followed it and then they've bragged about it.

Respect for Elon for supporting Bitcoin!

[Nadziratel]

Nobody gives a toss about Elon Musk.

Bitcoin's price is rising because of geopolitics. We're witnessing it's transition into digital gold. The price of gold is at a seven year high, thanks to events in the Middle East, and bitcoin is rising towards $8000 for the same reason.

Musk is completely irrelevent to all this.

I think we can't tell people that. Or they don't want to understand. We know that Bitcoin should be decentralized, but at every opportunity we want someone to talk positively about Bitcoin and buy Bitcoin or something.

Does Elon Musk really praise Bitcoin for us?
Does that help us? Does it help Bitcoin? I do not think so. It would just be another tweet that will get a very much like.

[Amel]

I don't think this is a strong reason why bitcoin is rising, in fact many big companies and artists have tweeted about bitcoin but that doesn't have much effect. From the issue that I got a few days, bitcoin rose due to a dispute between the US and Iran, this made bitcoin rise on the local iran exchange which also affected the international exchange.

[Oceat]

I've read a lot of rumors on why Bitcoin pumps at $7500 but I don't really know which one is true. Some say it was because of the recent war between US and Iran that's why Bitcoin pumped. And now, this? lol
There's no one can tell what really happens but let's just be thankful because Bitcoin move a bit even when the market is expected to become bearish.

[finaleshot2016]

I think this tesla isn't the reason why bitcoin pumped lately. 

The reason why the price of BTC surged from $6,853 to $7,369 over an 8-hour period is because of the war between US-Iran. The reason for this war was Iran's top military commander has been killed by the US. Since there are linear moments that are happening sometimes in the market, it occurs in this situation. This situation make the oil prices pumped which makes the BTC price also surged coincidentally.

But we aren't still sure since some speculations that January 2020 will go pump so maybe it's the reason or there's a chance that the situation between US-Iran makes this massive bullish in Bitcoin.

[BrewMaster]

Could this be the reason Bitcoin keeps pumping?

do you see bitcoin price going up 100% in every hour?
then your question is stupid! bitcoin isn't "pumping".

Got to be one of the most pathetic and straw grabbing articles so far and there are billions to choose from.

And is the author so dim that he's mistaken all those fake Elons doing 'giveaways' as the real man's support? I most certainly would not be surprised if that were the case.

a quick look at OP's post history shows that he has been posting garbage from the same website for a long time now which can only lead to the conclusion that he is getting paid to spam it on bitcointalk.

[xZork]

I think the recent price rise of bitcoin stemmed from tensions between the US and Iran. The people of Iran seek an alternative currency to keep their assets amid fears of war, in some local exchanges of Iran bitcoin even reaches $ 25,000.
I remember not having seen a tweet from Elon Musk saying that he supported bitcoin recently, so I think that Elon Musk has not affected the price of bitcoin in recent days.