It's not a good rise, actually it's bad

[crwth]

If you have observation with regards to people, you would notice that it's been happening ever since we existed. For sure there are a lot of people who have their own ambitions but looking up to someone who has built a lot of companies and created inventions to make life easier is someone to look out for, for sure. It's because of what he has done that makes his words stick and I don't think he will back down and change his mind. Imagine his company is involved with cryptocurrency already. Do you think it's gonna stop? I don't think so.

It's only the start, for sure. Maybe a lot of people are hoping that the price would go lower but, I don't think it would go down right away.

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[Kakmakr]

I like the ambitions that Elon Musk has and the charisma that he carries but what's happening right now is very bad. One man has a huge influence on everything, one word of Elon Musk can destroy or rise the things like Phoenix. Tesla invested in Bitcoins and price went from 38K up to 44K in just some hours. Yeah, if Paypal, Visa or any other company bought bitcoin that would happen too but what happens around Musk is very different.
Elon Musk says that Signal is better and everyone moves on that.
Elon Musk says that Doge is a good coin and everyone invest.
Elon Musk says that Bitcoin is a good thing and it rises.
Elon Musk's company invests in bitcoin and it rises.

What if Elon Musk said that he changed his mind and today bitcoin is bad and Ripple is better? I'm saying that just for example. People can't think themselves, they think: If Elon Musk says that something is good, then it's good.

I don't think it's a healthy behaviour from people.

Elon Musk founded a payment company called X.com (which later became PayPal) and that makes him a knowledgeable person in the payment system industry. So his input and view on Bitcoin is very important, based on his previous experience in that field.

PayPal are also buying bitcoins already and offering them as a trade option for selected customers. So what is that telling you? When they buy $1.5 Billion worth of bitcoins, it should tell you even more.  

[JimmMull]

It's kinda scary how elon influences these markets, doge and btc rises are kinda alarming instead but I guess if the majority likes him for that then we, small people can't do anything about it.

[avikz]

I like the ambitions that Elon Musk has and the charisma that he carries but what's happening right now is very bad. One man has a huge influence on everything, one word of Elon Musk can destroy or rise the things like Phoenix. Tesla invested in Bitcoins and price went from 38K up to 44K in just some hours. Yeah, if Paypal, Visa or any other company bought bitcoin that would happen too but what happens around Musk is very different.
Elon Musk says that Signal is better and everyone moves on that.
Elon Musk says that Doge is a good coin and everyone invest.
Elon Musk says that Bitcoin is a good thing and it rises.
Elon Musk's company invests in bitcoin and it rises.

What if Elon Musk said that he changed his mind and today bitcoin is bad and Ripple is better? I'm saying that just for example. People can't think themselves, they think: If Elon Musk says that something is good, then it's good.

I don't think it's a healthy behaviour from people.

Can't agree more! While 1.5 billion worth of liquidity is good enough to push the ptice to the next level but the influence of one person over the bitcoin price is not really desirable! If one man can build this type of momentum which is known as "decentralized"! That one man can destroy it as well at the same time!

In an ideal decentralized network, cumulative decision or influence should matter! But it's clearly not the case!

[YOSHIE]

I'm going to hold on to buying for a while, Elon Musk has a special mission towards the coins he's aiming for, In this one week, I watched Elon Musk progress videos every day, terrible, I have to admit Elon Musk is amazing.

He created a flying rocket and fell to hit the earth, then rose again, unexpectedly and needs to be more careful in buying coins that are the target of Elon Musk today, doge, xrp, dot target at this time, there are a few more that he has not disclosed, hello friends think wisely what is happening now, consider not regretting it in the future.

"this is a mission to fly to the sky and down to the earth".

[Reatim]

What if Elon Musk said that he changed his mind and today bitcoin is bad and Ripple is better? I'm saying that just for example. People can't think themselves, they think: If Elon Musk says that something is good, then it's good.

I don't think it's a healthy behaviour from people.

While Elon claims all this and also Those shills in favors this person yet There is a chance that the there are some manipulator that has dealing with Elon to make this Unhealthy market movement now.

We had made another ATH when Elon release those words while we had a healthy increase recently without this person talking.

It's kinda scary how elon influences these markets, doge and btc rises are kinda alarming instead but I guess if the majority likes him for that then we, small people can't do anything about it.

Yeah Indeed this is scary because if this the cause of the increase then he may the reason of decrease ? then how this person will make fun of market in the next days?

[newwest]

Each one should know their goals and accordingly work on it. For example when I purchased btc say at 40k and my goal was to hold till 50k and considering that it achieves and market looks to me too expensive ahead then I should sell it rather than just waiting for the fall and in the end you do not make money. If you are long term holder like 5- 10 years then it is fine to continue holding as sooner or later it will bounce back due to some or other reasons if tesla decides to withdraw the btc from their position.

[shane_gr]

What people do is more like following a certain person. They do not make decisions with their own intellect, they make decisions based on that person's opinion, and they may choose that person as a leader.
Anyway, this person may destroy bitcoin or doge, but he defends the identity of digital currencies and introduces it to the world, it is important to know the digital currency market.

[milani]

I like the ambitions that Elon Musk has and the charisma that he carries but what's happening right now is very bad. One man has a huge influence on everything, one word of Elon Musk can destroy or rise the things like Phoenix. Tesla invested in Bitcoins and price went from 38K up to 44K in just some hours. Yeah, if Paypal, Visa or any other company bought bitcoin that would happen too but what happens around Musk is very different.
Elon Musk says that Signal is better and everyone moves on that.
Elon Musk says that Doge is a good coin and everyone invest.
Elon Musk says that Bitcoin is a good thing and it rises.
Elon Musk's company invests in bitcoin and it rises.

What if Elon Musk said that he changed his mind and today bitcoin is bad and Ripple is better? I'm saying that just for example. People can't think themselves, they think: If Elon Musk says that something is good, then it's good.

I don't think it's a healthy behaviour from people.

Nothing strange or unhealthy I see in it. It is an ordinary thing. Human is such a creature - emotional, that in most cases chooses things via emotional prizm, starting from goods, clothes, gadgets and finishing with way of living, earning and spending money. May be it will be a great surprise for you, but we are all manipulated, and directly or implicitly are influenced on our choices by lots of factors - advertising drives us, more or less obtrusively (and more or less effectively) influences, encouraging us to choose products, goods, lifestyle, political technologies govern, forcing (just like advertising) to choose those who rule us, to choose the future of our country and our future and so on. And famous names are not the exception. But of course it is great in case a person think by his own brains and control emotions while making decisions, despite all those factors.

[kooboat]

It's  all a matter of influence, the rich and famous  always  control  the world.  Although, the recent pronouncement by Elon Musk has really hyped  bitcoin  to the masses, there were other developments like the announcement by PayPal which set bitcoin  in motion since the beginning  of the year. Personally, I wished  more famous  and rich firms and not just individuals  come on board to help the cause of  bitcoin.

[Lanatsa]

What if Elon Musk said that he changed his mind and today bitcoin is bad and Ripple is better? I'm saying that just for example. People can't think themselves, they think: If Elon Musk says that something is good, then it's good.

People does really have that kind of perception on where it differs from time to time basing off on what are their opinions on said situation.

You cant please everyone and would really be having that own will.It might not be looking good for you but for others it would really be just fine.

If you do have that hunch that this rise isn't something good then you can always opt to secure out your profits and observe the market afterwards.

[pixie85]

People were buying bitcoin long before Elon became an influencer and this was a bull run before Elon bought.

If he bought XRP people would of course buy XRP but is that wrong? He's rich and smart and people follow such characters.

For me it's a great rise because he did not spread FUD, he really bought!

[matchi2011]

It's  all a matter of influence, the rich and famous  always  control  the world.  Although, the recent pronouncement by Elon Musk has really hyped  bitcoin  to the masses, there were other developments like the announcement by PayPal which set bitcoin  in motion since the beginning  of the year. Personally, I wished  more famous  and rich firms and not just individuals  come on board to help the cause of  bitcoin.

PayPal acceptance really brings the attetnions to those institutional investors, with Elon Musk boarding its solidify
the big potential of this market.

What we are seeing are just the start point, there are more to come once famouse names also begin to broadcast their
participation inside this investment currency.

[adzino]

At least people are knowing about bitcoin because of Elon. Yeah, I know this is wrong in a way that Elon can cause influence in the market, but if he has good intention, then everything is okay over here.
Lets look at the bright side. Because of Elon more people are knowing about bitcoin. Those who are truly curious will start to learn about it and get to know how it works. And then there will be people who blindly joins and waits to see what happens next to make some quick profit. Now lets say, Elon says something bad about bitcoin and praises XRP (which you are worried about), then those who blindly followed him will sell everything, make a loss and jump to XRP. On other hand, those who studied and now knows the advantage of crypto currencies, they will stick to it. In the end, we get a positive result, more "educated" people in the market, while "sheeps" leave.

[bassbity]

If on the other hand, Elon condition is let down by Bitcoin, then as an illustration he is bored and loses (for example) then he tweeted steaming on twitter. Then will it have a big impact on the market decline? because we see that elon followers are always faithful to what he says even with one word. So his influence has a benchmark, almost 50% of the market he can increase or even decrease.
If so, then pray that Elon will continue to love the cryptocurrency industry.

but darling, it's all about business to him.

[Bitcoinislife09]

I like the ambitions that Elon Musk has and the charisma that he carries but what's happening right now is very bad. One man has a huge influence on everything, one word of Elon Musk can destroy or rise the things like Phoenix. Tesla invested in Bitcoins and price went from 38K up to 44K in just some hours. Yeah, if Paypal, Visa or any other company bought bitcoin that would happen too but what happens around Musk is very different.
Elon Musk says that Signal is better and everyone moves on that.
Elon Musk says that Doge is a good coin and everyone invest.
Elon Musk says that Bitcoin is a good thing and it rises.
Elon Musk's company invests in bitcoin and it rises.

What if Elon Musk said that he changed his mind and today bitcoin is bad and Ripple is better? I'm saying that just for example. People can't think themselves, they think: If Elon Musk says that something is good, then it's good.

I don't think it's a healthy behaviour from people.

I personally don't like this announcement because it just makes the bitcoin price pump up to 50k$ and that just means we see the effect of these companies getting into cryptocurrency. I mean who doesn't like buying bitcoin at a much cheaper price point in the market and we can no longer no that around 30k$ probably resistance in the would-be around 40k$. This is only Tesla and Elon Musk, right? Imagine if Apple, google announce their interest in cryptocurrency for the sure market price will skyrocket to the moon so I just buy buy buy for now.

[isaac_clarke22]

~

Now I am seeing where you're coming from.
We're not sure if this price surge is due to that though.
We're not sure if those investors were celebrity-driven or just plainly made their own decision in investing.
I am not one of those. I simply invest because I believe in the coin.
I respect Musk just as a celebrity but not entirely someone that could manipulate my decision on my investment.

I swear if this price is due to celebrity's words. A one word against Bitcoin would be like Jonestown event where everyone exits out of the market.

[abel1337]

At least people are knowing about bitcoin because of Elon. Yeah, I know this is wrong in a way that Elon can cause influence in the market, but if he has good intention, then everything is okay over here.
Lets look at the bright side. Because of Elon more people are knowing about bitcoin. Those who are truly curious will start to learn about it and get to know how it works. And then there will be people who blindly joins and waits to see what happens next to make some quick profit. Now lets say, Elon says something bad about bitcoin and praises XRP (which you are worried about), then those who blindly followed him will sell everything, make a loss and jump to XRP. On other hand, those who studied and now knows the advantage of crypto currencies, they will stick to it. In the end, we get a positive result, more "educated" people in the market, while "sheeps" leave.

I have the same perspective about this topic, I'm pretty sure there are a bunch of people who got curious about this cryptocurrency thing that Elon is influencing over his Twitter. Curiosity is what people drive in discovering new things and Elon shilling did somehow good in cryptocurrency. If the crowd who were dragged into the crypto universe and got educated, I'm pretty sure that they know someday they don't need to follow Elon Musk to gain some profit in cryptocurrency. Though there are negative things like the scenario in the first post.

[Oasisman]

Well, I can say it's not a good rise for the alts that Elon has hyped up and pump, but not with Bitcoin. I understand how influencial Elon Musk is, but If he says "he changes his mind and he thinks Bitcoin isn't a good investment", I don't think a lot of people will be dumping their Btc. It might cause a crash, but won't totally kill Bitcoin. If you could remember Bitcoin reached $40,000 even before Elon has made public announcement about his interest and investment in some alts and Btc.
His presence is just a good addition to Bitcoin's popularity. Though It may sound bad because people are actually following what he says, but I'm pretty sure It's more risky If you follow him investing to alts.

[Kittygalore]

If that was the case then it really is bad, we can't fight the popularity with individual opinion, Keynesian beauty contest suggests that we are not in control of who is popular but the combined opinion of the many which means that if someone of a celebrity status were to make a statement that will affect a stock or in this case a cryptocurrency then that means that a lot of people will follow that opinion, you should know how advertisement works because that will be the same. What OP is just a what if situation so I don't think that we don't have to worry about it.