What We Should Learn From Elon Musk Influence

[CarnagexD]

Elon is seen as the new Jesus of our era. People like him because he's the science guy that is also cool with the current generation's humor. They liked him most when he hosted Meme Review, a show by a famous YouTuber by the name of Pewdiepie. That's why they gravitate towarda all that he would say. On the other hand, his words carry weight too, listen to his interviews, even the once who were turned into memes and you will see how inaightful the guy is.

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[cocoladygaga]

diligent

People are already worth more than 100 million yuan, and they can still keep working so fully. What kind of spirit is this? Don't say over 100 million people, how many people can have half as hard as he is?

[Fredomago]

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.

He's presence to any investment influenced the people behind. Supports flows out each time he say something about anything, an action coming from people who believes in him.

We can't deny the fact that he's very sucessful and most people who follows him are aiming to get something from him. They are blindly idolize his words, as even in a small way he's been praise and followed. Though his works are the evidence of his success and that's the big thing that people supports him.

[GreatArkansas]

Elon is seen as the new Jesus of our era. People like him because he's the science guy that is also cool with the current generation's humor.
(.....)

In short, his popularity got uses and worthy. Popularity with good reputation. Unlike other who are just popular but no use at all or reputation is not good.
That's why a lot of people are fan of Elon Musk. This guy is intelligent and have brilliant mind. I will not surprise if in the future that one of his companies will announce that they included Bitcoin on their balance sheets .

[JoKleinTopper]

that's true. If an eminent says he thinks Sushiswap promising. Then throngs of people might buy sushi, then sushi rises. stock follows the same rules

[Wenbing]

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.

Yesterday was another interesting day as EM proves this hypothesis again. he bought a gift from Etsy for his dog, and he then twitted "i gonna love Etsy" within two minutes the stock price of etsy skyrockected that the market capitalization rose by Billion of dollars. There is real power in the words and opinions of Elon Musk.

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.

When it comes to bitcoin, Elon Musk won't have an impact on it because of bitcoin's strong back up these days that made its signicant price increase. But with Dodgecoin, when Elon Musk mentioned it on his tweet, it has made a 25% price upgrade. So i think Elon Musk is just an ordinary billionaire who thinks himself as very powerful because of  his fame and his wealth. He is still renowned of his futuristic ambitions to build a city on mars.

I beg to disagree with your statement that E M is just an ordinary billionaire, no Elon is an extraordinary entrepreneur and billionaire who is doing what his equals can not do or will never think is possible to achieve.

When we analyse him with objectivity and without bais, we shall come to a conclusion that he  is really extraordinary. To add to t, how many billionaire have such degree of influence that Musk has? How many billionaire have such degree of ambition that Elon has?

[moderator's note: consecutive posts merged]

[Obito]

What we should learn from him is something that the thinkers have been telling us a long time ago, that someone with enough followers can influence the chances of an event from happening. Elon's influence is not that different from any other celebrities, they are all on some degree an influences people, the only question is how big is the scale.

[el kaka22]

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. 

I believe that is correct for some certain things but shouldn't be financially unless you are known as a business person in the finance world. Like yeah Warren Buffet declares he invested heavily into one company and everyone suddenly starts to buy that company, go check out every single EVERY single time he declared how he invested into some company and you will see that exact same day and next day that stock gone up.

However that makes sense, he is a person in the investment world and the best of it really, so it is not a shock. Still, what I will never understand is the fact that some Hollywood stars, some guy that builds cars and spaceships, any unrelated famous celebrity having that much power over others finances. Sure be famous and get paid for it, but being famous and telling others what to invest is a bit weird, that shouldn't really happen.

[Inkdatar]

that's true. If an eminent says he thinks Sushiswap promising. Then throngs of people might buy sushi, then sushi rises. stock follows the same rules

I followed his account in social media, and this person left me an awe because he really influence people. When he post something about crypto the price rise rapidly. So I can say Elon Musk has a big impact on crypto industry.

[bryant.coleman]

I don't want to go off-topic, but previously scammers had used Elon Musk's Twitter account to promote scams. Check this:

https://www.theverge.com/22163643/twitter-hack-bitcoin-scam-july-2020-elon-musk

The hackers tried to push a crypto-based Ponzi scheme and a lot of unsuspecting users lost their money after clicking the link. Even before that, there were several attempts to use Elon's Twitter account for scams and I had posted a thread detailing it here:

https://bitcointalk.org/index.php?topic=5234450.0

[Lucius]

bryant.coleman, scammers use all celebrities to deceive as many people as possible, but EM is especially interesting to them because it often has very strange tweets - and they use this fact on all social networks. I’ve written this before, but the fact is that at the moment, ordinary crypto users lose a lot more through all the scam associated with his name than the crypto community benefits from his tweets.

Therefore, the answer to the question in the title should be - we should learn not to be slaves to the opinions of people like EM and those like him, because they are fighting for the interests of themselves and those at the top of the pyramid. While 13% of people live without electricity in the 21st century, and more than 40% do not have access to the Internet, EM wants to go to Mars to dig through the dust and look for the meaning of life...

[imstillthebest]

I don't want to go off-topic, but previously scammers had used Elon Musk's Twitter account to promote scams. Check this:

https://www.theverge.com/22163643/twitter-hack-bitcoin-scam-july-2020-elon-musk

The hackers tried to push a crypto-based Ponzi scheme and a lot of unsuspecting users lost their money after clicking the link. Even before that, there were several attempts to use Elon's Twitter account for scams and I had posted a thread detailing it here:

https://bitcointalk.org/index.php?topic=5234450.0

not all that this guy posted is real and we must confirm it first outside before believing or clicking ln his links because that could be a threat to us but elon musk ( the real guy ) is verry influencial and lots of citzens idolize him for what he have acomplished in his life and if what he contributed to the world to make it a better place .
he can make the price go up or go down and we can follow his accounts to stay updated if what move are he planning next .

[hatshepsut93]

I think you mix up the cause and the effect. Musk didn't cause a Bitcoin bull run, he tweeted about Bitcoin because there was already a bull run. Just like now he is tweeting about GME which already goes to the moon. His tweets could have in short term pumped DOGE, because it's such a small coin, but he has not enough influence to move Bitcoin.

And of course his tweets could move Tesla, because it's his company after all, but this doesn't mean that he can move any market.

[uneng]

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

Popularity and fame alone have only potential to create hypes, which has nothing to do with wealth creation in a solid and sustainable way. But in Elon Musk's case it's not only about popularity and fame, but also technology, knowledge and a potential investor and developer who could make the difference in the market.
So in this case I think he could boost crypto market gains and growment if he has projects to develop on this field, althought two tweets are very far from this... Maybe in some years we could see plans of using bitcoin as a galactical currency to transact between Earth and Mars.

[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.

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.

He's presence to any investment influenced the people behind. Supports flows out each time he say something about anything, an action coming from people who believes in him.

We can't deny the fact that he's very sucessful and most people who follows him are aiming to get something from him. They are blindly idolize his words, as even in a small way he's been praise and followed. Though his works are the evidence of his success and that's the big thing that people supports him.

I cant deny hes successful and people follow to learn through him maybe they can get some knowledge which will multiple their fund but hes abusing the respect people hac for him and if care is not taking he will end just like McAfee which loose the confidence people had for him when he started giving false information to the people.
@goaldigger, hes not wise but an opportunist.

[hulla]

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

Elon Musk action through meme shouldn't surprise us cause he has once claim to be dogecoin logically he holds a huge part of the dogecoin and if he doesn't a negative message about Bitcoin a lot of cryptocurrency investors won't dare to invest in Dogecoin.
Having said that, Elon shouldn't be considered as principle thinker just Satoshi was said not to be that brilliant cause he files together every what some people thought

[Dutchyyy]

It would be best if you learn how to monetize his tweets

I remember recently when he recommended switching to Signal how the stocks of 'the wrong' Signal jumped 400+%: https://www.cnbc.com/2021/01/11/signal-advance-jumps-another-438percent-after-elon-musk-fueled-buying-frenzy.html

[heyhat]

We have a new example of Musk Effect here https://twitter.com/elonmusk/status/1354174279894642703?s=20

This time it is against Hedge Funds and I like it

[Amejoaquim]

Elon Musk Influence is so scary.. I remember when he Tweet about "Doge" and the price of DogeCoin up nearly 20%.

Most of us knows about this shit coin and One tweet from Elon Musk instantly changed everything. For me Doge is shit coin because of the Supply is infinite and based on Shiba Inu dog meme.

[Bordijo]

Oh yes! Famous public people and especially Elon Mask definitely have great influence on crypto. Even after Elons’ small tweet "One Word: Doge." Dogecoins price increased on 20%, however than doges again dumped in several days. Was that phrase ("One Word: Doge.") also “signal” or no? Maybe some traders know how to decode that “signals” correctly?…