Elon Musk adds #Bitcoin to his Twitter bio

[doctor877]

Some people do not really know why they are into cryptocurrency, that's why they fall a prey of wrong choice because of following some so called influencer. Better to know what you are doing than waiting for what someone will tweet about. The time to humble everyone so coming.

[angrynerd88]

I figure it isn't astounding since Elon Musk richest person and its statement matters, But maybe he planning to invest more Bitcoin and may be paypal HODL more Bitcoin.They're lovely much the ones that fair let themselves get cleared by the wave, not truly considering around the haws of things. Not to say how there were very a Parcel of articles around Elon Musk fair tweeting stuff, and after that stocks of that specific company related to that tweet surges. It may be fair thought of as a coincidence, and may be other reason pump of Bitcoin.

[adzino]

Well that's also funny if it was actually coinmarketcap just having fun with this stuff haha

Pretty much sure its coinmarketcap just trolling the situation. First glance, I thought this was something real and then realized it's ranked "0". And then further investigation showed that they are doing it just for the "memes".
Click the coin and you will see a friendly warning that says that this is just a joke, that coin doesn't even exists and if you ever come across a coin like this, use your own "brains".

[FlightyPouch]

This is funny because even though he might be positive about Bitcoin, we all know that he is also just memeing about it. Though this memes he does has so much impact. I hope he keeps doing though. Stupid people buying because of a single hashtag is food for the traders.

Well, you can't just say they are stupid, most of them might be following Elon Musk's investment ventures the reason why seeing this hashtag make them invest in bitcoin. I don't what should I feel but maybe he's just meme-ing or maybe he's just having a great time being invested during the pump that happened.

[Kemarit]

I figure it isn't astounding since Elon Musk richest person and its statement matters, But maybe he planning to invest more Bitcoin and may be paypal HODL more Bitcoin.They're lovely much the ones that fair let themselves get cleared by the wave, not truly considering around the haws of things. Not to say how there were very a Parcel of articles around Elon Musk fair tweeting stuff, and after that stocks of that specific company related to that tweet surges. It may be fair thought of as a coincidence, and may be other reason pump of Bitcoin.

Of course, he is very successful, his company, his persona and aura so people are going to follow whatever he says. I would also like to think that there are cult followers of Elon Musk, LOL. So that tweet has something to do with with the quick BTC bitcoin in the last 24 hours.

And then we have the whole WSB hype as well, even coinmarketcap is displaying it on their site ahead of Bitcoin, but we all know that this is just a friendly joke on part of CZ. It was like crazy in the last 24 hours though, too many hype and frenzy to push the price as high as $38,000.

[Sithara007]

I am happy with the spike in exchange rates for Bitcoin, but at the same time I can't ignore the fact that Elon Musk has been accused of market manipulation before. He has tried to influence the stock markets in the past multiple times with his tweet. Here is a statement from the SEC regarding some of his tweets:

https://www.sec.gov/news/press-release/2018-219

And just a few months ago, he was again accused of doing the same:

https://www.theverge.com/2020/5/1/21244747/elon-musk-tesla-tweets-shares-sec-settlement-stock

Now there is a real possibility that he is doing the same with Bitcoin as well.

[Alucard1]

Yeah, I've also seen this thing on Twitter and it really affects the big rise of bitcoin yesterday but gets down again today. It seems like big people with big names can affect the value of bitcoin with the simple things they have done for bitcoin but the inflation did not meet my expectation, I thought that bitcoin will continue in rising for about &50k but I was wrong with that part because it only reaches $38k.

[Lorence.xD]

Yeah, I've also seen this thing on Twitter and it really affects the big rise of bitcoin yesterday but gets down again today. It seems like big people with big names can affect the value of bitcoin with the simple things they have done for bitcoin but the inflation did not meet my expectation, I thought that bitcoin will continue in rising for about &50k but I was wrong with that part because it only reaches $38k.

It will take some time before we get to that. 50k will be a smooth sailing after we break the 40k resistance in my opinion, remember when the 20k resistance was broken and after that the 30k mark came in without the fuzz of going up and down. Celebrities that has enough influence will be able to do this kind of things in the first place, that is why we have to watch out for these kinds of Tweets or statements because people will be gobbling up anything that their idol or hero says and that can spell a profit for the traders and hodlers alike.

[Xxmodded]

Never need analyze and looking with chart view of bitcoin or altcoin price, open your twitter account and looking for ELON MUSK twitter this best way how to get profit with trading on bitcoin or altcoin right now, the most influential person right now in cryptocurrency world is elon musk when he make tweet about any coin price will pump, looking what happen with DOGE coin could raise above 1000% up after his tweet and bitcoin suddenly up above 20% after he change his twitter profile, you need waiting when next coins tweet by elon musk

[aysg76]

Never need analyze and looking with chart view of bitcoin or altcoin price, open your twitter account and looking for ELON MUSK twitter this best way how to get profit with trading on bitcoin or altcoin right now, the most influential person right now in cryptocurrency world is elon musk when he make tweet about any coin price will pump, looking what happen with DOGE coin could raise above 1000% up after his tweet and bitcoin suddenly up above 20% after he change his twitter profile, you need waiting when next coins tweet by elon musk

This doesn't work like this at all.

We can't directly attribute the credit to Musk. He tried to de-mean bitcoin a few weeks ago but that didn't have any impact on price.

This time whales took the benefit of the situation, due to DOGE pump, exchanges were filled with extra liquidity. As soon as Musk wrote in his profile, they took the benefit of the situation, shifted the Liquidity to BTC, pumped it by 20%, DOGE dropped by 40%.

[seramania]

The huge influence of Elon Musk is extraordinary, influencers are able to drive bitcoin price movements with just a tweet. I realized that someone with a big name can influence anything in the world and Elon Musk proved that Bitcoin is working for him

[verita1]

Elon Musk is a very influential man, just by following his tweets anyone can tell in the comments of the crypto community that is interacting, new to crypto and advocates of bitcoin.

I consider that this way of communicating on social media has a good result. Because we are defending the freedom to choose now more than ever, society feels united.

We do not know if he has bought bitcoin but if he does, bitcoin will gain a big rally without a doubt.

[passwordnow]

We can't do anything about Elon's power in the market. He can tweet anything that he wants and just like those days when McAfee tweets an ICO, there's a surge after that every time he tweets about it. What's good about Elon is that he's with bitcoin and Dogecoin. I just wish that he won't be too brutal pumping any coin like those totally dead that he wants which will make the market go into division again.

[imstillthebest]

Musk's change is bio cannot be overlooked; he did it first with Doge coin; and after seeing the fomo worked perfectly; he literally did the same to bitcoin today; he merely used his influence on social media to create a fomo incidence which worked to certain extents; alot of bitcoin traders who are shorting bitcoin were liquidated due to the ripple effect of musk bio

May be this tactics will continue to work for him until people begin to get burnt and hunt and then they begin to hate him like they now hate McAfee and anything he touches. I have to confess that Elon is a very influential person and people will always value his calls on any business.

mcafee is inluencial but why he cannot get the same love as elon ? maybe because mcafee hated btc before ? and elon havent ? elon can take note of that and he shouldnt try to take btc down because if that happens he will get lots of hate from the btc community .
many got curious after seeing the btc on elons profile and they search btc in google .
its too early to tell if they will get interested in btc or not . this is why the price didnt rise heavily

[Dhoe]

If you wanna have access to Elon Musk twitter which one coin the first you add on his tweet, just kidding because looking how reputation from Elon musk can make coin pump fantastic, maybe if he give us access on his twitter maybe any favorite coin do you wanna make tweet, I think if I have chance I will tweet with ethereum coin because I wanna see ethereum have look not different price with bitcoin but think is never happen, Elon Musk just tweet coin without any developer like DOGE.

[irixo10]

I think we would be seeing most of these coin hype and price pump this year, that is from one coin to another, before it was Doge then to Bitcoin but who cares, so far people are making gains they won't really bother. Also, I see it that, currently people now needs a type of reason to buy a coin, imagine what caused Dogecoin pump, then look at what caused Bitcoin pump, that is to say, once he says another thing on another coin, people will fomo and the price will pump as well. Nevertheless, as said earlier, many people don't care and in as much as I don't see it as him controlling the market, however I think following any of these pump, one needs to be careful and know when to sell in order not to lose at the end, of course, Bitcoin is an exemption on this, but other altcoins should be followed with carefulness.

[Janation]

I still think this is just a coincidence.

I am happy that someone that as popular as Elon Musk supports Bitcoin and how influential he is not just in the public but in the market. Despite all of that though, I think it is not right that we will be letting him control the market and just make a spike that. I am not saying that the spike happened because of him, it is just kind of troubling that someone could dictate a spike or not.

[rodskee]

I still think this is just a coincidence.

Maybe it added some point to lure other investors to believe in Bitcoin but not the totality , and also yeah there is some part that this would be a coincidence and timing that investors had Invested when Elon is twitting .

I am happy that someone that as popular as Elon Musk supports Bitcoin and how influential he is not just in the public but in the market. Despite all of that though, I think it is not right that we will be letting him control the market and just make a spike that. I am not saying that the spike happened because of him, it is just kind of troubling that someone could dictate a spike or not.

Actually this situation will added a Big head to this person because he will claim that he is the reason for this pump and will Make Play to this market.

Or he already made His mind to start believing in crypto that Much .

[maculeth]

Just because someone places hashtag on his twitter account doesn't make people go and buy bitcoin.
Similarly just because people search about bitcoin on google that doesn't mean they also buy bitcoin just because they googled the word "bitcoin" (that's not even "where/how to buy bitcoin").

Not to mention that people who react to social media like this are not the majority and the amount of money they have is not going to change anything about the price  when you look at the bigger picture. That was about $50 million so far in only 2 exchanges (Coinbase and Bitstamp) in past hour. Idiots on social media who panic buy based on some tweet don't have that much money combined.

This price rise is simply the whales running out of bitcoin to dump, now the existing demand is showing itself. Soon we may see the same panic sellers who shit their pants when price went down to panic buy again not because of some tweet but because they are "panic traders".

true, but at least if the person writing is a well-known public figure and indeed from an investment perspective, bitcoin is profitable, at least there will be many who do a review. I think this is good and positive for the crypto market.

[k@suy]

I still think this is just a coincidence.

I am happy that someone that as popular as Elon Musk supports Bitcoin and how influential he is not just in the public but in the market. Despite all of that though, I think it is not right that we will be letting him control the market and just make a spike that. I am not saying that the spike happened because of him, it is just kind of troubling that someone could dictate a spike or not.

I would look at it positively knowing a worlds richest man using #Bitcoin to his twitter. These might bring a good indication in the cryptocurrency market which some peole think that these bitcoin or cryptocurrency really existed because such an Elon Musk believe and trusted it. However we can never be so sure that Elon Musk does a bitcoin user, trader or investor too but the mere fact that he was a famously known man today using #bitcoin was a great indication already.