What We Should Learn From Elon Musk Influence

[Wenbing]

I discovered that there are people whose comment or tweet could increase or decrease the price of Stock; one of them is Elon Musk.
In two occasions, his tweets affected the price of some assets and entities.

1.   During the early days of bitcoin bullrun, Elon Musk tweet about bitcoin, and the CEO of Micro Strategy responded. This contributed to the further rise of bitcoin. This also happened to Dodge coin.
2.   During the WatsApp data piracy issue. Elon Said “use signal” . What happened was that the userbase of Signal increased exponentially.
The question I want to ask and I would like us to discuss is this:
Does popularity or fame has a positive correlation with wealth creation?

Here are some of his tweets.

 https://twitter.com/elonmusk/status/1347165127036977153?s=20

https://twitter.com/elonmusk/status/1340573003579617280?s=20
What so you think?

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[iamsheikhadil]

Not only wealth creation, but also wealth destruction,  once he tweeted Tesla stocks were way too high in price and that led to plummet in prices of the stock well, popularity and fame can definitely influence people, that's why people love to have fame, because they have then this power over other people's mind and can manipulate it for good or bad

[Wenbing]

Not only wealth creation, but also wealth destruction,  once he tweeted Tesla stocks were way too high in price and that led to plummet in prices of the stock well, popularity and fame can definitely influence people, that's why people love to have fame, because they have then this power over other people's mind and can manipulate it for good or bad

Wow, it can be likened to money whose purpose is amoral, it could either be good or bad, it could only be determined by the holders.
what do you think would happen if he harness and explore the power towards a positive usage? I feel, that he could possible amass an unimaginable wealth in a short time.

[Kakmakr]

Yes, it does have an influence on the price.... because people follow the celebrities comments like sheep!

How many people will buy the same clothing, even if it is very over priced.. when they see their favorite celebrity or Sport star wearing that clothing?

The same thing happens when they say something on Social media and the impact depends on how many followers they have. Elon Musk was a pioneer in the "Payment system" scene ..back in the day before PayPal, so he should know what he is talking about. (Anyone else without the previous experience of payment systems, should not have such a big influence... but unfortunately they do)  

[Lucius]

Yes, it does have an influence on the price.... because people follow the celebrities comments like sheep!

To me, such behavior is personally very strange because I don’t care what EM thinks about anything, regardless of being at least publicly the richest person in the world. Those people who follow him aren’t just sheep, they’re very naive sheep who don’t realize that EM is actually making fun of them all the time. If anyone thinks this is not the case let them visit his Twitter profile, and they will see how EM communicates with his followers. Some are obviously amused by this, but EM is just another multi-billionaire who wants to become immortal by doing something that no one else has done before. Who knows, maybe he'll be one of the first to go to Mars🚀

NSFW: https://i.imgur.com/iw0bldz.jpg

[mod note: removed embedded NSFW image]

[Sterbens]

The question I want to ask and I would like us to discuss is this:
Does popularity or fame has a positive correlation with wealth creation?

If it is possible to hypothesize for a moment to answer your formula, then yes, there is a link between popularity and wealth creation. This is because so far we have seen that it is not only influential in cyberspace, but every company under its auspices will obey and obey every policy issued by Elon. In simple terms he was able to move the market with just one word through his last tweet. how not, in my opinion, he is someone who is more famous than even the top artists.

[Beparanf]

Simply Elon knows the future of BTC and his people tends to believe on what he was saying because he already prove a lot by building his Tesla and SpaceX company which is very futuristic. He is also the current richest person in the world so his words is very powerful even though sometimes he is just trolling.

[crwth]

Being the latest person to reach the top one richest person globally, then become second, then become first again, it's the "consequence" or "blessing" depending on how you look at it. Whatever he touches now and whatever he creates has his influence, whether he believes in. It's the opportunity to bring his beliefs into the world just by typing 140 characters or something. I remember the Doge tweet and there is some speculation around it and I think it has reached highs.

He has his influence now in the world, and being able to target a goal to bring people to outer space is fantastic. With that himself, he is making a mark towards the world and making his positive thinking the correlation you are talking about.

[k@suy]

I really admire his trait of being hardworking, ambitious man. He is very open in each possibility and new way that's why he is the first tycoon that I admire and the first one who made a giant influence among other. In just a tweet he made a coin pump so very much even that tweet is just a joke it made the market and people went crazy. I really like him because of he is into technology very well, he starts from nothing and now he got everything.

[sheenshane]

For me, yes it has.

I remember this tweet of Elon Musk about Ethereum two years ago and the Ethereum suddenly climbed up fast in the market.
https://twitter.com/elonmusk/status/1123033196642201600

And then the Twitter massive scam using the account of Elon Musk, there are too many victims of that tweet so if you think he isn't an influencer person people will not invest and no one will become a victim of what the scammer Twitted using his account.

It's natural that big names become influencers, even big celebrities also do the same as Elon Musk.

[bassbity]

we forgot something, Before achieving it all Elon is a person who has high spirits and can achieve what he wanted until now. the difference with us is that we only see it with fame and influence. but we never follow the journey he has taken (eg we struggle in our own way, with passion and achieve success), we tend to want everything instantaneously.
So there is nothing wrong if Musk's influence is able to move his followers, be it Bitcoin, DogeCoin, SpaceX or Tesla.

So the question is, what have we contributed to the crypto world so far? is it just trading it? maybe your neighbors and relatives need to be informed about cryptocurrency. so we have our own influence and create as much popularity as possible. with the abilities we have.

[meanwords]

It's pretty obvious that a famous personality like Elon Musk can have the power to pump or dump a certain coin (remember Mcafee?) but in my opinion, it's really for the newbies since most pumps (especially when it is artificial) will be followed by an inevitable dump. At least Bitcoin already is famous which is why tweets from Elon Must won't really have any significant changes because the marketcap is too high to pump from just a tweet.

[Reid]

It can. A lot.
It's different now. Social media is a basic tool to get information faster instead of newspapers.
With his high influence with large investors, he could easily manipulate the market.
Even small investors that are following him may ride the wave.
It's so powerful you cannot even understand how it is happening. It's like a domino effect.

[dupee419]

Of course, the rich and the famous have undoubted power to actually make a move on the price, not only does Elon makes 'Elon' things, he's also a powerhouse in the crypto industry, you can definitely say that with the power of fame, comes the power of people idolizing you and following whatever you'll say, because of how famous and powerful he is, besides from being smart and everything, his influence itself can actually do a lot and manipulate the market, Elon is not only Elon, he has connections from other powerful people.

[jossiel]

Does popularity or fame has a positive correlation with wealth creation?

Of course it does.

People listens more to the people who are successful in life and has a wealthy living. But you can't dictate what Elon Musk can tweet. I've also remembered the pump and dump tweets of McAfee before but it was stopped then when he was noticed by the community and being chased.

And for Elon Musk's tweet, he's preferring to tweet Doge much. 

[Broly46]

We can conclude the reaction from the public on influential person would reflect on the market at an instant, not much we can learn from that, it’s just how market has get into very paranoia, extremely bipolar, very quick to get panic and recovered from it, just as if we couldn’t believe bitcoin could possibly get ATH over 40k, and the next minutes our denial mindset turn into believe, denial —->believe —-> accept —-> denial again.

[slapper]

Elon Musk does have the power to change the world with his simple tweets (like Donald Trump before his account is suspended). Remember when he said Tesla's stock was too high? A big sell-off occurred immediately. I cant believe that he likes to do crazy things like that. No one has a ball to blow off their assets like him

And Elon Musk does have influences on bitcoin and cryptocurrency. However, I think right now he only focuses on his several projects which can change the world in a different way. His electric car and space adventures are fascinating enough for investors to put their faith in this real-life Iron man

[shield132]

There are a lot of things that we can learn from him:
1. Always follow your dreams and never let anyone to break you from following your dreams. You can turn a dream into reality if you are driven by passion and willpower. I don't actually get inspiration from this man but he really amazes me and I appreciate what he achieved, no one knew who was Elon Musk years ago, he wasn't even able to get a job in Netscape and now, the whole world talks about this man.

We should also learn from him that if we are different from other people and are driven by different passion, it doesn't mean that we are bad (When society is ugly, being beautiful is unacceptable).

[jaysabi]

I discovered that there are people whose comment or tweet could increase or decrease the price of Stock; one of them is Elon Musk.
In two occasions, his tweets affected the price of some assets and entities.

1.   During the early days of bitcoin bullrun, Elon Musk tweet about bitcoin, and the CEO of Micro Strategy responded. This contributed to the further rise of bitcoin. This also happened to Dodge coin.
2.   During the WatsApp data piracy issue. Elon Said “use signal” . What happened was that the userbase of Signal increased exponentially.
The question I want to ask and I would like us to discuss is this:
Does popularity or fame has a positive correlation with wealth creation?

Here are some of his tweets.

 https://twitter.com/elonmusk/status/1347165127036977153?s=20

https://twitter.com/elonmusk/status/1340573003579617280?s=20
What so you think?

There's no evidence that Elon's tweets affected the price of bitcoin. He tweeted about Bitcoin during a bull run and the price was already rising. Any extra effect is likely to be for a limited duration because someone famous saying something about a company doesn't change the fundamentals of the company.

Elon has an overarching feud with Zuckerberg, that's why he's blasting WhatsApp.  Since Signal isn't a publicly traded company, there's also no correlation with a stock price move there.  However, could someone famous touting a service lead to increased usage of that service?  Yeah of course, that's literally what advertising is built off.

[TimeTeller]

Elon Musk does have the power to change the world with his simple tweets (like Donald Trump before his account is suspended). Remember when he said Tesla's stock was too high? A big sell-off occurred immediately. I cant believe that he likes to do crazy things like that. No one has a ball to blow off their assets like him

And Elon Musk does have influences on bitcoin and cryptocurrency. However, I think right now he only focuses on his several projects which can change the world in a different way. His electric car and space adventures are fascinating enough for investors to put their faith in this real-life Iron man

People are admiring him because of what he achieved in life.
Remember the story that he once offered his Tesla to Apple?

https://www.cnet.com/roadshow/news/elon-musk-once-offered-to-sell-tesla-to-apple-but-couldnt-get-a-meeting/

Good that he didn't get that meeting. Look at him now.
So for me, he has positive influence to people. So his tweets or statements have certain impact to the market.
After all, he achieved his status right now because of his hard work.