Elon Musk adds #Bitcoin to his Twitter bio

[kooboat]

I thought  it was only Elon Musk, who had added the #️⃣  of bitcoin on their bio, yesterday  while on twitter, I noticed the CEO of Twitter, Jack has also added the bitcoin hashtag. This is a good hype for bitcoin,  considering  how influential and powerful , these two men are in the world. It's been  exciting  news for bitcoin  holders,  one can imagine the number of people who have familiarise  themselves  with bitcoin  through  this influence  of Elon Musk and co.

[bryant.coleman]

When a person like Elon Musk tweeted and showed support for Bitcoin and claimed himself as the supporter of Bitcoin, it has put a positive impact on the market i the last two days which isn't surprise at all from the perspective of the present situation. Here Elon Musk may have a financial intention but already showed a positive impact.

If a single tweet from a personality like Elon Musk can cause a 10% spike in the Bitcoin exchange rates, then we should also remember that the opposite case can be true as well. Tomorrow some of the other multi-billionaires (such as Zuckerberg or Gates) can tweet that the government should destroy the cryptocurrency ecosystem and the markets can crash by 10% or more than that in a matter of hours.  In the end, the truth is that Bitcoin remains a highly volatile asset which can go up or down by a large amount as a result of a single tweet.

[macson]

Besides Elon, there are several accounts that I follow on my Twitter that change their bio with the Bitcoin BTC symbol

 

 

Elon Musk adding #Bitcoin to his twitter bio does not really influence mass adoption of Bitcoin. It will just made people buy bitcoin without understanding why they are buying it or what bitcoin is  and its purpose in the financial ecosystem. This will just make people lose money since they are just going to invest without knowing that Bitcoin market is very volatile. Not all of his followers have in-depth knowledge about Bitcoin investment and trading.

true to the risks that will be faced by his followers if they buy Bitcoin just because they are inspired by Elon without knowing the risks behind.  but as long as those who buy Bitcoin don't sell their Bitcoin at a low price, the amount of Bitcoin they have will not change, only its value against fiat which fluctuate.

[icopress]

If a single tweet from a personality like Elon Musk can cause a 10% spike in the Bitcoin exchange rates, then we should also remember that the opposite case can be true as well. Tomorrow some of the other multi-billionaires (such as Zuckerberg or Gates) can tweet that the government should destroy the cryptocurrency ecosystem and the markets can crash by 10% or more than that in a matter of hours.

Honestly, I will only be glad of this, (for at least two reasons). First, I will buy some more Bitcoins at a better rate, and second, it will be an unambiguous sign that we are feared at the highest level. _{[Quoted Images]} It looks like Musk has created a new trend with his actions.

Besides Elon, there are several accounts that I follow on my Twitter that change their bio with the Bitcoin BTC symbol

   

[Wipeout2097]

According me it can’t envision how Elon Musk be exceptionally impacted by individuals. With fair his tweet, destitute individuals begin to accept in it and we can't deny almost the tweeter hacked account final month is exceptionally compelling to inspired individuals and contribute, will I figure, they were caught at this stage. All have positive and negative had here, individuals will I figure upbeat since of Elon Musk's tweet, but what in the event that those individuals had to lose and ended up disillusioned from their misfortune. So personal research matters before investing in crypto.

[icopress]

According me it can’t envision how Elon Musk be exceptionally impacted by individuals. [....]

Believe me, Elon Musk doesn't give a damn about all influential people, especially considering that one way or another in the future they will have to buy tickets to Mars only for Bitcoins. Oh no, I almost forgot, one person is not indifferent to him .. I mean little Sheldon, since he and Elon have something in common - that they are both obsessed with progress, (besides the stolen diary with the reusable rocket theory).

[macson]

According me it can’t envision how Elon Musk be exceptionally impacted by individuals. With fair his tweet, destitute individuals begin to accept in it and we can't deny almost the tweeter hacked account final month is exceptionally compelling to inspired individuals and contribute, will I figure, they were caught at this stage. All have positive and negative had here, individuals will I figure upbeat since of Elon Musk's tweet, but what in the event that those individuals had to lose and ended up disillusioned from their misfortune. So personal research matters before investing in crypto.

Elon Musk be exceptionally impacted by individuals?  who is that person?  I strongly agree with @icopress that Elon has never been influenced by individuals, what he is doing right now is purely his own desire, including loving Bitcoin and Doge.

I mean little Sheldon, since he and Elon have something in common - that they are both obsessed with progress, (besides the stolen diary with the reusable rocket theory).

(the stolen diary with the reusable rocket theory) by musician

[anthraxdk]

This will probably bring a big pump and dump, I believe in long term BTC and not in such moves.

Agreed.

Well, just because he is the most influential people around the world. That is the power if you are the richest man on earth, you can influence people who follow you, and that brings a massive adoption of bitcoin. This will give a pump and dump with bitcoin price, as we can saw in the market, bitcoin was gained too much price increased. Perhaps just also because of Elon Musk dogecoin was increased too much and then at this moment it had a short correction. Indeed, more and more influencer will come to bitcoin will surely give awareness to people or potential big investors.

Absolutely - and You might be right. However I still see it has huge pump, and with that follows a dump, might not a big one, but it will. But yes, the more attention and awareness the Bitcoin community gets, the more followers and investors will come.

[UserU]

Looks like he came back with a praise to Doge and it mooned

[Vishnu.Reang]

Looks like he came back with a praise to Doge and it mooned

Yeah.. here is the original tweet:

https://twitter.com/elonmusk/status/1357231313376456708

I have no idea what he is up to. A single tweet related to Bitcoin, and it's price jumped by 20%. Another one mentioning DOGECOIN, and it's price rocketed by 60%. WTF is going on with the cryptocurrency market? I though that simple announcements from celebrities influencing the exchange rate was a thing of the past. And someone please explain me why serious investors are accumulating DOGE, when it is not protected against inflation (controlled supply principle doesn't apply to DOGE).

At this point I don't even know whether these sort of tweets are good for the cryptocurrency adoption or not.

[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.

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.

That is the big indication that he is into Bitcoin.

As far as I know, that is not just Bitcoin but cryptocurrencies as a whole. There are a lot of cryptocurrencies that he has his eyes on and as far as I know, this is not the first time that he is being linked or connected to cryptocurrencies. As far as I know, he's been supporting or rooting for an altcoin in the past, I can't remember which one.

[MyCryptoDomains]

The funniest part is that doge jumped the second time he mentioned it. He didn't really say it's a better crypto than others, it was just a meme for lulz and the obedient market moved.

[Travel Standard]

Elon mask has now a great role in cryptocurrency pumps especially bitcoin and dogecoin.
Very astonished to see the doge price pump when i inquired for price pump i find it its only one tweet of Elon Mask.
This is very special News. Now see which coin he mention next.

[repear7]

Yes, I saw that.  Elon Musk is the big idol of cryptocurrency.  Looks like he's running with the dog coin now.  He tweeted about Doge, And, Doge pumped at 0.059 within 20-30 minutes.

[Xxmodded]

Today Elon musk make new tweet and make DOGE coin pump to higher price, you have notice your twitter account when Elon Must make tweet you have ready to buy coin tweet by him, but always DOGE become favorite coin tweet by him. I think almost several time Elon  Musk give positive impact for DOGE coin raise to higher price, but never try to buy few hour after his tweet if you don't want loss much money. Take faster after his tweet to get much profit.

[age7393]

This is not a coincidence, but it really is. Musk really has a huge impact on the price ... Did you see what happened to Dogecoin today? So this may not be his last manipulation ...

[icopress]

It looks like the world has gone crazy «The Elon Effect», I think the SEC's reaction is not far off ... and by the way, Elon removed #Bitcoin from his Twitter biography_.
Mark Cuban

If I had to choose between buying a lottery ticket and #Dogecoin .....I would buy #Dogecoin.  But please dont ask me to choose between it and anything else

Elon Musk

Dogecoin is the people’s crypto

[finaleshot2016]

I want to give thanks to Elon musk for boosting the price of doge by the works of social media. He's currently playing a big role in cryptocurrency and I bet that most of the investors are happy because of his doing. Dogecoin was mentioned twice and a sudden increase of doge was seen in the market, definitely a boost by a known person which is elon musk. Even though it's a temporary increase, it helps us to grow profit for a mean time.

For those who're curious, this is the tweet https://twitter.com/elonmusk/status/1357231313376456708

[empress777]

I believe there is a lot of correlation between it.

Humanity as a species is very prone to following those people that a lot of others look up to, especially on Social Media. I've seen this myself in action as I've been the originator of a few things myself on a smaller level via social Media and I do not have the following nor the reputation that Elon Musk has. This was probably caused by Musk adding the hashtag and thus endorsing Bitcoin. Everyone was already watching what he'd do after the previous things he's done.

This was in addition to the markets and those within the markets reacting to it. I'm sure many, many new people googled Bitcoin right after seeing it on his Bio. They of course didn't all invest in the first hour, but many likely invested in the day or two following. Experienced traders knew what the result would be from this and quickly bought more knowing it would rise quickly due to increased interest.

Bitcoin will keep rising incrementally due to these things. Each thing will reinforce it's position and make it stronger. It's inevitable.

[xSkylarx]

I want to give thanks to Elon musk for boosting the price of doge by the works of social media. He's currently playing a big role in cryptocurrency and I bet that most of the investors are happy because of his doing. Dogecoin was mentioned twice and a sudden increase of doge was seen in the market, definitely a boost by a known person which is elon musk. Even though it's a temporary increase, it helps us to grow profit for a mean time.

For those who're curious, this is the tweet https://twitter.com/elonmusk/status/1357231313376456708

Elon can also make some money from his influence if he wants. Imagine buying at a low price then tweet something about it to hype the price up then sold at the peak price. He is very influential so I think he should not just post something to his social media account resulting for some people to get FOMOed. He may have help you to earn some profit but think of other people that bought at a high price, I heard that someone even bought at 7 cents. They will hold it for a long time if they want to avoid loss. When will they recover the amount they lose from it.