What We Should Learn From Elon Musk Influence

[Smartprofit]

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?

In past centuries, wealthy people were large landowners and holders of gold.  In later times, the richest people were industrialists. 

Wealth these days is a large number of people who trust the information you generate.  Marketing has become more important than manufacturing.  The world has become less real and more virtual.  A successful blogger makes more money than a talented engineer. 

Yes, a person's popularity and fame allows him to create wealth practically out of thin air.

[ashmodeus]

first time when i see that , i just wOw , the richest person just come to the party, even he created a new party , but , well , as the time goes, he kept doing it, isn't that strange ? i just believe he a smart guy , and i just believe this wasn't a spontaneous act that he just did , firstly probably i just too much thinking about it, but well , i am wrong, TESLA just bought huge amount of bitcoin yesterday.

He is just a businessman or an investor after all, so he will follow the trend and invest in a high potential stocks. It is just so happen that he has a great name in the technology world and business world so showing his appearance in any project that he wants makes it more popular and many people follow his steps. It is not strange to me, it is normal to people to follow those influencers, it is up to us if we believe and feel the FOMO or we will make our own trading plan.

he is not following trend instead the trend its self is himself. well , after a short interview i've see on youtube, he clearly say , crypto can be the future currency, but doesn't mean u must put it all. so i guess, he just try to create a trend to all people in the world to have a crypto currency in their portfolio , even with a small allocation.

[whyrqa]

One way or another, Elon Musk has a fairly large authority in society and judging by the active discussion of this issue, many trust everything he says. And it seems to me that everyone expects from this person a real assessment of the prospects for bitcoin, and therefore there is a shok among users who saw not entirely clear tweets of Ilona Mask on the social network.

[velive08]

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

sometimes behind one's fame there is another person's suffering. as you mentioned this is valid and real if Tesla stocks soar while other stocks have decreased. this is like the marketing pattern carried out by influencers, and elon musk successfully played this strategy by cooperating with bitcoin and coins in crypto. So I think Elon Musk was very successful in playing this promotion and made the crypto price and Elon Musk's name soar at the same time

[Stedsm]

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

I believe it has direct correlation to making or breaking wealth with popularity because population behind celebrity makes popularity and where some sort of influence is involved where people blindly follow somebody, this will surely influence values of something they discuss about. So if Elon Musk says something about BTS tomorrow, the price of BTS will even reach $1k if he's got some paranoid followers who just take his discussion as signals and when he knows that he can influence markets, he can even break the big names out there through just spewing out some shit about it.

[777Jolami]

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

sometimes behind one's fame there is another person's suffering. as you mentioned this is valid and real if Tesla stocks soar while other stocks have decreased. this is like the marketing pattern carried out by influencers, and elon musk successfully played this strategy by cooperating with bitcoin and coins in crypto. So I think Elon Musk was very successful in playing this promotion and made the crypto price and Elon Musk's name soar at the same time

Elon Musk has many arbitrary thoughts and it is difficult to understand what he is doing. However in the way he has come up with for Doge's worth with a tweet or iconic photo. Everything has begun. Anyway, wealthy and famous people like Elon Musk always make things special for any market. However, crypto is really very sensitive to media and news.
Catch the fomo trend, see the moon soon. Lol

[SirLancelot]

first time when i see that , i just wOw , the richest person just come to the party, even he created a new party , but , well , as the time goes, he kept doing it, isn't that strange ? i just believe he a smart guy , and i just believe this wasn't a spontaneous act that he just did , firstly probably i just too much thinking about it, but well , i am wrong, TESLA just bought huge amount of bitcoin yesterday.

It is a feeling of pride for me when I read a guy who is supporting and even pushing Bitcoins is now the richest guy on earth. There were times when big guys used to call Bitcoin as a bubble. His recent actions are questionable as of why he is support doge coins so much without any logic behind it but I trust him he is doing for good cause.

What we need to learn from Elon Musk influence was the thinking outside the box because believe it or not he is the one who is having an interest in bitcoin and cryptocurrency, he is seeing another point of view on bitcoin and another thing is that the good opportunities that might give to him by investing in bitcoin and as well as making it as a payment method for them. The attitude and the positive thinking was the great thing that we need to acquire from him.

Yeah, his ability to think into multiple directions because any billionaire or rich guy who not even think or consider understanding what is Bitcoin and how it works but Musk has that attitude to learn and invest into multiple sources. Even being so rich now he is still investing into new coins like doge coins and recently Tesla bought a big chunk of BTC as well.

[fullhdpixel]

He is just a businessman or an investor after all, so he will follow the trend and invest in a high potential stocks. It is just so happen that he has a great name in the technology world and business world so showing his appearance in any project that he wants makes it more popular and many people follow his steps. It is not strange to me, it is normal to people to follow those influencers, it is up to us if we believe and feel the FOMO or we will make our own trading plan.

he is not following trend instead the trend its self is himself. well , after a short interview i've see on youtube, he clearly say , crypto can be the future currency, but doesn't mean u must put it all. so i guess, he just try to create a trend to all people in the world to have a crypto currency in their portfolio , even with a small allocation.

It is not really just setting a trend but more like doing what people like and being in there. So, this is a circle, he follows a trend so people would like him but people like him because he creates a bigger trend for it. Is there like a word for something like "it was always a thing but when he got in that thing became bigger"?

Because he didn't created the trend let's face it we were 30k+ way before any of this started, we were already huge, we went from 5k last march to 30k+ this year, making 6x or even 7x returns way before Elon musk ever said anything, so basically he didn't created the trend at all. BUT he also did helped as well, it went to nearly 50k after he started talking about bitcoin, which we should probably see as something nice and cool, don't know if there is a word for taking something big and making it even bigger but that is what he did.

[Stedsm]

It is a feeling of pride for me when I read a guy who is supporting and even pushing Bitcoins is now the richest guy on earth. There were times when big guys used to call Bitcoin as a bubble. His recent actions are questionable as of why he is support doge coins so much without any logic behind it but I trust him he is doing for good cause.

Good cause? I believe his only good cause is to manipulate the markets and make money. It's not just him but WSB (WallStreetBets) as well who chimed in the Doge drama and pushed its price to over 10x, what a pump (and dump) scenario as it got back to 66 SATs which liquidated many big players out of the game. This is called - Short squeeze and then get out with profits while you can. They simply did it to show us that they are in it and this is psycho mentality which will definitely ruin the whole markets soon. Believe me, you'll see worst than what you saw in 2018 and we can't see big effects in BTC because it'll take a lot of efforts for them to show such big move and they know they can't do that because they've just now started.

[qwertyup23]

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

I agree that it goes both ways.

The reason on why the tweet on Dogecoin was very influential is because of the timing. During the pandemic, people are exploring and looking for alternatives to earn income. Elon Musk took the opportunity to tweet about his 'support' in Doge coin, which is a meme coin, and some questioned his intention on this. Others may share the sentiment that he is shilling the whole project while some thinks that he will definitely support it.

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

I believe it has direct correlation to making or breaking wealth with popularity because population behind celebrity makes popularity and where some sort of influence is involved where people blindly follow somebody, this will surely influence values of something they discuss about. So if Elon Musk says something about BTS tomorrow, the price of BTS will even reach $1k if he's got some paranoid followers who just take his discussion as signals and when he knows that he can influence markets, he can even break the big names out there through just spewing out some shit about it.

The influence on Elon Musk is really that strong. Imagine, a billionaire which once took the spot for the number one richest person in the world shared his knowledge about investing and earning money by purchasing this share of stock. No wonder, people would definitely follow the same as they believe that his decisions are correct.

[Twentyonepaylots]

What we should all learn about this is the fact that people are easily swayed and persuaded when given the opportunity. Elon being a very rich guy and an overall internet personality took this chance and helped bitcoin pump in price, he did the same with DOGE but it obviously was just for laughs since we all know DOGE isn't that profitable.

What we need to learn from Elon Musk influence was the thinking outside the box because believe it or not he is the one who is having an interest in bitcoin and cryptocurrency, he is seeing another point of view on bitcoin and another thing is that the good opportunities that might give to him by investing in bitcoin and as well as making it as a payment method for them. The attitude and the positive thinking was the great thing that we need to acquire from him.

Not the first person to realize its potential but is the most influential guy out there that can help bitcoin grow.

[Rengga Jati]

Popularity, wealth, big companies, will always have influences and they are a very good influencer.
many people will listen to them, will be easily influenced by them
Money is like everything, and people believe that if someone like Elon Musk does something, it will be something big, worthy, and also not a game. It will be always a business and Elon Musk.

However, it will also give a negative impact where many newbies are getting here only by reading the tweet without any research. Whereas, it is great enough if DYOR. And following this tweet only likes following hype and FOMO. So, be careful in this situation, you may be at risk also, buying at high and price goes down because the hype ends.

[MCobian]

For me there is a lot I can learn from what happened after Elon Musk tweets about Bitcoin and Dogecoin. It turns out that being the richest person
on this planet can have such an impact, because it was proven that after Elon Musk shilled the two coins the price immediately skyrocketed.
And discussed by many online media around the world, what Elon Musk has done is still having an effect until now. I really hope that not only
Elon Musk supports crypto, but other famous people can do the same. As more and more famous people promote crypto, it should accelerate
the massive adoption of crypto.

[SirLancelot]

For me there is a lot I can learn from what happened after Elon Musk tweets about Bitcoin and Dogecoin. It turns out that being the richest person on this planet can have such an impact, because it was proven that after Elon Musk shilled the two coins the price immediately skyrocketed.
And discussed by many online media around the world, what Elon Musk has done is still having an effect until now. I really hope that not only Elon Musk supports crypto, but other famous people can do the same. As more and more famous people promote crypto, it should accelerate the massive adoption of crypto.

Obviously the richest person will have the biggest impact on financial aspects because not just he is tweeting about cryptos like dogecoin but also buying himself which means the price is bound to go up. HE even went ahead and said he will pay holders if they are ready to void the big amount of coins they hold.

Never been appreciative of such moves though because the investors will suffer in the long run in these kind of tricky situations. I mean how long can Elon musk alone keep the price big for dogecoins without some development actually happening, maybe a few months but at certain point the market will crash and people will curse him.

[Snappycoco]

Yes. Being noted as the world's richest man makes him one of the most influential person on earth too when it comes to financial aspects. His tweets will make a sudden move due to his influence.

[shoreno]

many are saying that elon musk is not serious or in other words a troll guy . other than that i dont know if elon musk have done serious things in the past that we can copy from him in order for our lives to get better .

instead of trusting people that we really dont know why cant we just trust and idolize our own self ? because we fully know our selves and we cant wrong with that but if we arent confident enough thinking that we lack domething , we can still learn and work that out .

[jasonjm]

The recent surge in BTC price after Elon Musk tweet is a very good example of price manipulation and is the reason why it is still accepted world wide. People follow the influencer blindly and will not question any thing they say a good example of that is Musk's tweet about Doge coin and after that people started investing in Doge coin but he ultimately ended his support by saying that Doge holders have to sell there coins of they want full support. This kind of behavior is very toxic for BTC and crypto market.

[lixer]

For me there is a lot I can learn from what happened after Elon Musk tweets about Bitcoin and Dogecoin. It turns out that being the richest person on this planet can have such an impact, because it was proven that after Elon Musk shilled the two coins the price immediately skyrocketed.
And discussed by many online media around the world, what Elon Musk has done is still having an effect until now. I really hope that not only Elon Musk supports crypto, but other famous people can do the same. As more and more famous people promote crypto, it should accelerate the massive adoption of crypto.

Interestingly it is about a "niche" situation because he could talk about how everyone should buy apple mobile phones and it wouldn't really change too much if you ask me. Sure it might had a small spike in sales for few days but that's about it.

You know what is the difference? Well in crypto world it is not something you buy and use and it ends, many products are like that, you get it, you use it for either maybe one day or maybe 10 years but eventually it becomes nothing again, here in crypto you get in and you have it.

It would be like Elon saying we should all go into gold, and buy physical gold as well not just digital numbers, that would have little impact as well because gold market cap is like 10x higher than we are right now, so it wouldn't be that easy to move it. Long story short it is really not that easy to make these kinds of things happen but Elon did it for something "nice" , which is first doge, then got that hype and move it over to bitcoin.

[Gyfts]

I don't mind Elon promoting Bitcoin because obviously it's in the best interest of crypto if a billionaire that's one of the richest in the world gets behind BTC, but I also see an unhealthy obsession of Elon Musk. The guy is weird as hell, and he's a bit unstable. Him investing in BTC might just be a publicity stunt for TSLA share holders so is there anything to actually learn here?

[ultrloa]

I don't mind Elon promoting Bitcoin because obviously it's in the best interest of crypto if a billionaire that's one of the richest in the world gets behind BTC, but I also see an unhealthy obsession of Elon Musk. The guy is weird as hell, and he's a bit unstable. Him investing in BTC might just be a publicity stunt for TSLA share holders so is there anything to actually learn here?

Its double purpose for him and I'm sure he do it for his own benefit since imagine he can get a free advertisement for his own brand as well he can earn from cryptocurrency by successfully influencing people to buy bitcoins and pump it, and I'm sure right now Elon is not counting his profits from bitcoin and on the other coin he hype recently.

And the only thing we should learn from him is to buy when the news heat up since this is the most ideal thing to follow right now to gain, his tweets is so powerful in terms of influencing people that's why we need to be watchful on it.