What We Should Learn From Elon Musk Influence

[AndySt]

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.

About Signal in general, there was a funny story when, as a result of Musk's tweet, investors began to buy shares of Signal Advance and the share price increased 12 times. However, it turned out later, according to the developers, that indeed Signal is not placed on the exchange and Signal Advance has nothing to do with the messenger at all. Therefore, it is still possible to talk about the correlation with the movement with the stock price, but by mistake

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[Fredomago]

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.

About Signal in general, there was a funny story when, as a result of Musk's tweet, investors began to buy shares of Signal Advance and the share price increased 12 times. However, it turned out later, according to the developers, that indeed Signal is not placed on the exchange and Signal Advance has nothing to do with the messenger at all. Therefore, it is still possible to talk about the correlation with the movement with the stock price, but by mistake

With the numbers of his followers, there's really a big impact once he shared about crypto project. It's been ride by those investors who don't want to missed the train, there are many events that after he shares information about the coin fomo's showed up and buy the assets, bringing good market movement and positive  benefits to those who catch the early ticket. 

[Mauser]

I think we can all learn a lot from Elon Musk, he is a great engineer and business man. He was among the first ones to make internet payment accesible for everybody. Paypal was such a huge company and made Elon Musk rich. Without that money he probably would have never started with Tesla and SpaceX. He needed a lot of capital to invest into both firms before he became the richest person in the world.

[Hydrogen]

I think Elon Musk is a perfect example of what all of us are capable of achieving if we only managed our time better.

As a kid he watched tutorials on the internet and made a video game. Sold it. Watched more tutorials. Made an internet travel website. Sold it. Started another business. Eventually he was involved with paypal. Sold his stake in paypal. Used the capital to fund tesla and space x.

Remember $500 flamethrowers Elon Musk sold to raise money. He got that idea from spaceballs the movie. The scene where Yogurt is discussing merchandising at the end.

https://www.youtube.com/watch?v=vjB8XXw9y70

0:37  (Where Elon Musk got the idea for his flamethrowers  )

The internet offers many opportunities and learning experiences.

Elon Musk is the 1 guy in 5 billion who actually uses them.

While most of us trend towards taking them for granted.

[Wenbing]

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) 

I feel his powerful influence is also based on the recent stock performance of Tesla that had ranked him to become the world richest. So, I can say he weild more power, possibly more than the Wales can do.

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

Yes, Elon Musk could be using his social media handle or Twitter handle to make jokes. Because, I know him to be a first Principle Thinker, which made him to be able to build SpaceX rockets.

Deductively, Elon is smarter than the content of most of his tweets

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.

There is an insight to be drawn from your comment. You mean the root cause of his power is because he is an authority, who has succeeded in may fronts.

That could be one of the reason, people respect authority.

I think Elon Musk is a perfect example of what all of us are capable of achieving if we only managed our time better.

As a kid he watched tutorials on the internet and made a video game. Sold it. Watched more tutorials. Made an internet travel website. Sold it. Started another business. Eventually he was involved with paypal. Sold his stake in paypal. Used the capital to fund tesla and space x.

Remember $500 flamethrowers Elon Musk sold to raise money. He got that idea from spaceballs the movie. The scene where Yogurt is discussing merchandising at the end.

https://www.youtube.com/watch?v=vjB8XXw9y70

0:37  (Where Elon Musk got the idea for his flamethrowers  )

The internet offers many opportunities and learning experiences.

Elon Musk is the 1 guy in 5 billion who actually uses them.

While most of us trend towards taking them for granted.

Overtime Elon Musk is one of the few people that reason using the First Principle Approach.

When he want to start space exploration, he discovered that the cost of rocket was huge.

He left Moscow and decided to build his rocket to be very affordable and at a price with a reduction by factor 10. He was able to achieve that because he ask some basic about rocket manufacturing, then he made an innovation from the answer.

[moderator's note: consecutive posts merged]

[heyhat]

The answer is obvious mate. This is not a million-dollar question. When visibility increase demand follows it. But this effect, in the end, will be a short term effect. Be careful.

[zanezane]

The answer is obvious mate. This is not a million-dollar question. When visibility increase demand follows it. But this effect, in the end, will be a short term effect. Be careful.

I wouldn't necessarily say that it is short term, it is more of a "at the mercy of the Hypeman" in this case it is Elon, if he were to change his standpoint then definitely others will follow what he says cause we all know, sycophants love what their idol says. This type of thing has been observed a long time ago, there was a concept created that was conducted where judges are rewarded for selecting the most popular instead of their personal choice, this is called a Keynesian Beauty Contest, which theorizes that the price fluctuations are based on popularity and not your personal choice which means that if Elon who is followed by millions of people say that something is good or bad then that can spell a disaster or a prosperity for the companies, services, products and things that he will mention.

[so98nn]

That’s the play here. Big fat wallet makes the movement of most of the market.  This is true for crypto currency’s as well as Fiat market too. This is where the concept of whales started. But in case of famous personalities and their talks market is deeply influenced due to one major fact, people follow them and deep down everyone knows if they are speaking something then they are surely going to act on it in the future. This has become rich cycle of current market. It’s always helpful for common pips since they know when to enter into market and when you need to stop.

[davis196]

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

Fame always goes hand to hand with money.Just look at all the Hollywood movie stars or Instagram influencers.The more famous your are,the more advertisers will want to pay you for sponsorships and hire you for high paying jobs.If you are famous,you obviously have fans,and your fans have money to spend.
Fame is an asset,a very scarce asset in high demand actually.
Elon Musk has fame and money and he is also a role model.Of course that he will influence many people to do certain things.
News,opinions of famous people and gossips have short term impact over the financial markets.This isn't something new. 

[Kong Hey Pakboy]

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

Fame always goes hand to hand with money.Just look at all the Hollywood movie stars or Instagram influencers.The more famous your are,the more advertisers will want to pay you for sponsorships and hire you for high paying jobs.If you are famous,you obviously have fans,and your fans have money to spend.
Fame is an asset,a very scarce asset in high demand actually.
Elon Musk has fame and money and he is also a role model.Of course that he will influence many people to do certain things.
News,opinions of famous people and gossips have short term impact over the financial markets.This isn't something new. 

Millennials nowadays wanted to become a streamer, vlogger, social media influencer, or want to be on television because they wanted to become famous, get paid for sponsorships, and make their merchandise. Popularity and influence are also one of the reasons why Elon Musk Surpassed Jeff Bezos for being the richest man in the world other than working hard in his company.

[Porfirii]

Nowadays, it is what all the so called "influencers" do: influence other people.

In the case of Elon, the differential question is the degree of influence. When a moonboy shills his bags on twitter, when is it considered legit and when could it lead to manipulation? let's not focus on shitcoins, we are all Bitcoin moonboys...

So, again, Elon's case has more to do with his ability to lead other people. It is a political/philosophical question whether it should be controlled somehow or let the freedom of expression flow freely.

[1l1l11ll1l]

Of course, but the most important thing is how do you become popular in that regard? Elon Musk is well known as a billionaire in the field of technology and also a business magnet. Elon is able to influence people's minds because Elon has relevance to what he says, and people also think that Elon must know very well what he is saying, not only as an endorsed random influencer.

[Latviand]

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

We all know that social media and many platforms can really manipulate the people's perspective and mindset.

If there's a big personality who promotes bitcoin, then its fans or community will also have interest or curiosity towards that cryptocurrency. Elon Musk is really open for cryptocurrency and he is open-minded and confident that it will help him become the no.1 richest person in the world. Many people will believe in him because he is already a successful person and many people there are thirsty to become rich too.

You know why? Because he know how to adapt, how to invest, and to manipulate something that is full of potential and one of it is Bitcoin.

[kiki8899]

Must read books for 10 hours a day when he was a child, it is helpful for him to develop his work

[mezzaluna]

The influence of Elon Musk affected the surge of users within the Cryptocurrency Industry but it really did not clearly state that he was one source of the price increase. Elon Musk can say whatever he wants because he somehow earned that influential title. His Father has taught him well because they own a Mining company which really is something that would get a lot of lessons from. Patience into that unending process of looking for valuables behind rocks is one of the best thing Elon Musk must have remembered throughout his whole business creations.

[worle1bm]

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

He has build an empire and taken Tesla to new levels with his intellectual skills and moreover he has influential behaviour which implies that whatever action he takes the other people thinks that is correct.This year his wealth has grown substantially with more than $100 billion alone in nine months which is quite large.This happened to due to Tesla share prices recahing S&P 500 index and trading above $850.So the point is there is hype about Musk everywhere which is why he can move the market accordingly and invest in those ventures himself and people follow him.No doubt people follow their role models and act in the same manner they told them to do but Musk is overrated at this by the general public globally which in turn can lead to Tesla bubble burst anytime soon.He is socially active and part of cryptomarket and his tweets turned the prices of dodgecoin and he who knows he might be having a portfolio of Bitcoin investment lying in his hardware wallets safe with him and he will show his cards when prices rise too high because he is foresighted person and knows the true value of Bitcoin.

[disconnectme]

Yes, it does. Can you imagine you have millions or followers and you tweets about a product in a positive ways, some of these followers of yours will go out and buy the products and they will likely recommend them to other people, this is why they called these people influencers because they have significant influence on their followers, so if I want to promote my new product instead of paying for adverts, I can pay influencers to help me write positive feedback and tweet about the product and that could make a significant difference in the life of that product.

[Oasisman]

Does popularity or fame has a positive correlation with wealth creation?
What so you think?

A big yes. Popularity, fame, and even wealth can make a great influence to the people. The most common scenario for these is the T.V ads which products has been advertised by the popular celebrities, because the company knew people loves following successful businessmen, actors/actresses, and entrepreneurs. Elon Musk are no different from them, he could literally pump Bitcoin if he wants to and lure people to buy Bitcoin.
It is not the person who is the most powerful, but its the wealth. The rich becomes richer, because their influence will make people believe they'll become as wealthy as the people like Elon Musk if they keep following him.

[suzanne5223]

Every dreamer or opportunist in the world will always want to learn from anyone individual that's rated as the richest man alive and I could I was once in that path before when Bill Gate was rated as the richest man in the world I wanted to be like him, get involved in things that make him rich. I guess explained the reason why Elon Musk tweet influence alt of people but most of his tweet about crypto investment shouldnt be digest without self research.

[goaldigger]

Every dreamer or opportunist in the world will always want to learn from anyone individual that's rated as the richest man alive and I could I was once in that path before when Bill Gate was rated as the richest man in the world I wanted to be like him, get involved in things that make him rich. I guess explained the reason why Elon Musk tweet influence alt of people but most of his tweet about crypto investment shouldnt be digest without self research.

His a wise man with a great vision and he works for the world, that influence is a big thing in the market and if he endorse anything, I’m sure people will try it. Just look at how his Tesla company works right now, its very innovative and if the time comes that he totally support Bitcoin, I can’t imagine what kind of hype will happen in the market, Elon Musk is a big guy now but still appreciate good technologies.