BTCs sudden rocket

[jacafbiz]

The is the power that some people wedge, Elon Musk is not just an average influencer, he is the richest man in the world now and most of his followers are young so it is easy for him to move their line of though. But it is very huge thing for Bitcoin, for the richest man in the world to use Bitcoin as his Bio when he as one of the most successful and valuable businesses in the world

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[posi]

It unmistakable that Elon will influence a lot of people ever since he became the world richest person but I don't think the # tag Bitcoin used by him was the reason behind the current market surge in price cause he was a Bitcoin enthusiast right from beginning when he convert all his Tesla reserve fund into Bitcoin. I was amazed people forget that, a lot of people believe in his FUD message about Bitcoi and different articles saying he the reason behind the market surge.
Though he have the money but the institution is still the major players of this year market.

Yes, I initially thought that Musk has nothing to do with it. But the timing though, after the #Bitcoin tag, the price goes up 14% in matter of minutes. So yes, as much as I don't like to really believed that Elon has do with it, I will admit that I was wrong.

He is so massive and influential that by just a simple tag everyone buy BTC and then FOMO follows after. And now that it's over as bitcoin has settled this weekend.

I know and agreed that after his # tag Bitcoin the price of the market change but I think the whales are changing hands somehow there was a Bitcoin enthusiast (saw it on Twitter but don't remember the name) who said if Elon buy Bitcoin he will also invest in Dogecoin and another one if Justin whoich invested in $GME and Wall Street Bets Chairman invest in TRX.

Musk is like a hype train and has faithful follower. Whatever musk say some people will take it deeply. Considering that he's keep making some strange tag or tweet about crypto but we don't even know whether he has invested in crypto.
To be frank, most of people taking his statement too seriously, however if seeing elon's tag is what it takes to get profit from the pump then maybe I'm gonna try it out  .

People like Elon are conny and you can't expect them to say the truth directly especially when it online but I am sure his tweet already explain that he crypto investor and this pump in price don't just happen cause it start from Elon end with just a little push and his followers will do the publication and hype take over.

[traderethereum]

The is the power that some people wedge, Elon Musk is not just an average influencer, he is the richest man in the world now and most of his followers are young so it is easy for him to move their line of though. But it is very huge thing for Bitcoin, for the richest man in the world to use Bitcoin as his Bio when he as one of the most successful and valuable businesses in the world

Maybe the young generation will aware of bitcoin, and they will find out what bitcoin is for details.
If they see that bitcoin is a new thing, and that can give them benefits, I am sure they will try to use bitcoin, and they will influence their friends to follow their steps.
We are in the digital era in which telecommunication grows fast, and the young generation knows how to use it for themselves.
So if more young generations can join the crypto world, that can bring mass adoption, and bitcoin and altcoin will become popular.
And with Elon Musk's that have many fans, he can influence them to join in the bitcoin world, impacting the price rising.

[bittick]

I dont understand how people can think that crypto is a next currency if only one change bio in twitter could do this to the price

That's what we have called that as FOMO. people are getting over hyping and they were taking the caption that created by the famous person to be the real thing in the future.

A big name with bunch of supporters will always give a huge impact to the its supporters.
This is the power of influencer.

[axeholm]

I gotta admit that was a crazy ride with BTC and Elon Musk, I just realized how big on an influence is Elon Musk. Now Jack Dorsey did the same but did not affect BTC much, I still remember when he tweeted a doge meme before and made the coin soar up to 600% in less than a day!

Shares of fast-growing Polish game developer CD Projekt soared 16% on thursday as well after Musk tweeted: "The esthetics of Cyberpunk are incredible btw ....". Cyberpunk is the company's flagship game btw.

even smaller cryptocurrencies like ETH and XRP that tend to move in tandem with bitcoin also jumped, as much as 5 per cent and 8 per cent respectively.

[Becky666]

The sudden rocketed was done through demands when the price was opening seen as low for opportunity takers. 
Have always said this: the system of bitcoin price either through dip or pump aren't same like what we had in the past, institutions are driving this sector higher, so, buy now will be profitable than to wait later.

If it is true that institutions are the ones buying then how come we are also experiencing a crash immediately after the pump yesterday? Bitcoin got to $32000 few hours after making $38000. It is not encouraging to believe institutions will also display weak hands and panic like single individuals. If that be the case.

Don't expect institutions buying coins to always continue, nope, that won't help the company in a long run. Although some institutions are buying on a long-term while there are some on a short-term, this depends on the companies ability to decide to go for long term or short term. Bitcoin volatility is always like that and no one can question it authority, so, it fell dip and rise again.

[tippytoes]

I gotta admit that was a crazy ride with BTC and Elon Musk, I just realized how big on an influence is Elon Musk. Now Jack Dorsey did the same but did not affect BTC much, I still remember when he tweeted a doge meme before and made the coin soar up to 600% in less than a day!

Shares of fast-growing Polish game developer CD Projekt soared 16% on thursday as well after Musk tweeted: "The esthetics of Cyberpunk are incredible btw ....". Cyberpunk is the company's flagship game btw.

even smaller cryptocurrencies like ETH and XRP that tend to move in tandem with bitcoin also jumped, as much as 5 per cent and 8 per cent respectively.

With this scenario, we can say that a popular individual can really have an impact in crypto market. People still follow the what they are saying, even a simple tweet or statement from them can influence the market. It also translates the fact that decision of people can easily  be affected by an influential person, whether he is saying it in negative or positive way. Crypto users should be careful riding the hype once the market have sudden changes because of a specific person is tweeting something.

[TastyChillySauce00]

I dont understand how people can think that crypto is a next currency if only one change bio in twitter could do this to the price

they are out of their mind and they are only aiming about how to get the profit from the market. You can also see how WSB was also doing the regular pump too. I have participated in the pump created by WSB and I just get the fact that if they were being fooled. WSB was buying the coins before the pump and then he was initiating people to buy a lot of coins. He already prepared to dump his coin when the pump is coming.
I just try to join on it caused by I wanna get the fact about that.
In this case, elon musk was also making the market even worst caused by only a change on its caption can create a very big impact.

[Viscore]

In this case, elon musk was also making the market even worst caused by only a change on its caption can create a very big impact.

Musk is very influential and the fact that many people are watching him (all he does) he can make the hype so easily. I don't think that this makes the market even worst but instead, I took this as an opportunity for other people notified about Bitcoin and that Elon Musk is supporting it. But I never think that all these hypes just cause with that simple hashtags, it probably there is some reason helping it to surge.

But for now, let's have to believe how crypto being played by known names in the world and how they become more influential to the market.

[crzy]

After that hype the price of BTC goes down again and it looks like there’s no good result that hype in the market because we’re down again, though many take profit on that short trend, many are still trap. I don’t know the hype that much with Elon Musk, but for its not safe at all and not healthy not unless he really bought BTC without selling it for short.

[Kemarit]

I dont understand how people can think that crypto is a next currency if only one change bio in twitter could do this to the price

You are wrong though, crypto is not going to be the next currency, and for those who are believing this should not engage themselves in crypto in the first place. Elon Musk is not just any other twitter account, he is the richest person in the world so there are a lot who are following this influential guy in twitter sphere.

He is so famous and influential that a simple # bitcoin really change the price in dramatic fashion and in just a matter of minutes. But we all know that a sudden rocket will be followed by a huge dump and that's why happen to Bitcoin, at least though the price is still above $30,000 at the end of the month.

[blue Snow]

Elon didn't even invest in bitcoin and it sounds like he was making the game.

Elon owns 0.25 btc/$8K at this time which was gifted to him by a friend. 

elon's tweet really impactful nowadays and the fact that people going crazy just because elon musk's tweet because he's deemed as iron man of the real world.

It will impactful later either, people won't believe him when tweet it about crypto regularly, as we know how mcaffee comes.

[devollito]

There were still people who buying for the hype, but many hodler now hold their bitcoin since institutional investor also doing the same, it is not because elon musk twit. And for people who invested because of elon musk twitt. They will get broke, dont buy in hype bro, buy in fundamental of its uses and technologies. Bitcoin have been developed for 11years and it is deserve billion intellectual value also the energy we consume to mine the coin is the value.

[poodle63]

elon's tweet really impactful nowadays and the fact that people going crazy just because elon musk's tweet because he's deemed as iron man of the real world.

It will impactful later either, people won't believe him when tweet it about crypto regularly, as we know how mcaffee comes.

That's true, moreover if he succesfully revolutionize space exploration which further gives him more credibility considering his plan of designing some space X rocket for mars exploration.
I just hope that his influence doesn't make the whole crypto market as a pump and dump arena but instead making people realize the benefit of blockchain for many modern things and to further development and push humanity achievement.