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Author Topic: Why do people follow Elon Musk?  (Read 688 times)
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February 10, 2021, 11:40:10 AM
 #21

I heard that the Elon Musk buys a large amount of Doge coins, so that's what makes a lot of it follow the Doge movement, for short term trades or investments. just like Tesla who bought bitcoin with a value of 1.5 billion USD. that's what makes bitcoin so high.

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February 10, 2021, 11:45:48 AM
 #22

The same reason people followed Ian Balina, and the same for those who rabidly followed John McAfee,,, they saw their lifestyles, they saw how rich they were and how easy it all seemed to be for them. And they wanted to be like them.

People are easily swayed by rich people and their fanstastic lifestyles:)

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February 10, 2021, 12:44:17 PM
 #23

I don't know Elon Musk, but I respect him for the impact he has on the entire crypto-loving community. one tweet makes people panic, especially if he tweets every day ... guess what will happen?

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February 10, 2021, 12:44:45 PM
 #24

The same reason people followed Ian Balina, and the same for those who rabidly followed John McAfee,,, they saw their lifestyles, they saw how rich they were and how easy it all seemed to be for them. And they wanted to be like them.

People are easily swayed by rich people and their fanstastic lifestyles:)
what you say is true, but we can see it looks like these rich people have quite an influence in the crypto world and the fact that elon musk tweeted doge caused people to compete to buy doge and basically it was not elon musk tweet that caused Doge price rises but is caused by large demand transactions for doge by people who are affected by elon musk's tweets which trigger the doge price to increase in the market, just as the effect John Mcaffe exerts on a crypto project which makes many investors invest in projects that Indeed, John Mcaffe became the project's ambassador, as did the Bobrepair project in the past.

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February 10, 2021, 12:50:06 PM
 #25

He is Technology role model person at the moment, like Steve Jobs in the past. His communication skill was very well and promising.
Although im not following him, im pretty sure its the reason behind it.

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February 10, 2021, 12:50:14 PM
 #26

I heard that the Elon Musk buys a large amount of Doge coins, so that's what makes a lot of it follow the Doge movement, for short term trades or investments. just like Tesla who bought bitcoin with a value of 1.5 billion USD. that's what makes bitcoin so high.
that's what makes people follow Elon. It is only natural for a popular person like Elon to get a surprising market response. he was in the spotlight with his company's rocketing product. after many people talked about it he immediately showed his interest in crypto. it made a huge adoption from the market.

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February 10, 2021, 12:53:21 PM
 #27


There must be something with Elon Musk so that he can easily attract attention and can easily gain influence over something. I am sure that somehow we are overrating him, but that is just natural for someone who is popular. There will come a time when many people will be questioning his influence but for now let's leave it for the moment to enjoy the shine of his glory. Well, he is very successful, and he has a good track record of accomplishment in his pocket, maybe that can be the big reason why he is adored by many.

Now, the next question is: How long will his magnetic influence in the world of cryptocurrency can last? Let's see and watch...

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February 10, 2021, 12:57:53 PM
 #28

People follow him because he is the biggest man in cryptocurrency What he says happens. Is one of the people and when he speaks it is clear and easy.
He is a successful man in cryptocurrency The coin he talks about gets his price up. a few days ago he tweeted about dogecoin and check his price where are you. I think that's why people follow Elon Musk.
I don't think that I was following or even the others, what I was doing now and the market is riding on his popularity to the hypes he made. He uses his name and popularity to create such a thing and people jump on just like what they do in the previous Bullrun. And maybe, we are so thankful to him and not ask why we follow or not, or why is hyping the market because the real thing is that, we get a huge benefit from this.

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February 10, 2021, 12:59:13 PM
 #29

Elon musk is for me a big figure in business. in cryptocurrency elon musk also has a huge asset and influence on the cryptocurrency community. so that sometimes what he says has an influence on the development of a project. that's why many people including me follow Elon musk.
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February 10, 2021, 01:09:57 PM
 #30

People follow him because he is the biggest man in cryptocurrency What he says happens. Is one of the people and when he speaks it is clear and easy.
You're putting this the wrong way, Elon doesn't give investment advice per se, he only makes public his interest and proclivity for a particular coin, what happens is, him being the successful business man he is, people expect him to make the right choice more often than not, that way, people want to buy the same cryptocurrency he talks about, and prolly see if they'll make ROI for themselves as well.
He is a successful man in cryptocurrency
Elon musk is a successful business man who is investing in Bitcoin and cryptocurrency, I wouldn't really call him a "successful man in crypto", he has already made money from his different businesses and is putting a fraction of it in dex crypto, thus people following his investment trail, should remember not to invest more than they can afford to lose.

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February 10, 2021, 01:19:10 PM
 #31

Elon Musk is the richest man and therefore a lot of people knows who Elon Musk is, there are also a lot of people and especially big players who follow what Elon Musk is doing, and when Elon Musk starts writing something about cryptocurrencies, they immediately start to grow because people who follow Elon Musk start investing in those cryptocurrencies that Elon Musk writes about, and Elon Musk by himself and with his company Tesla also have invested a lot of money in bitcoin.

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February 10, 2021, 01:25:24 PM
 #32

People follow him because he is the biggest man in cryptocurrency What he says happens. Is one of the people and when he speaks it is clear and easy.
He is a successful man in cryptocurrency The coin he talks about gets his price up. a few days ago he tweeted about dogecoin and check his price where are you. I think that's why people follow Elon Musk.

Elon Musk is one of the richest people in the world and of course that is what makes Elon Musk so influential, so whatever tweet made by Elon Musk, then people will believe and start to investing in the coin (an example is Dogecoin), therefore I'm always happy when Elon Musk made a tweet about cryptocurrency, because it's an opportunity for me to get a big profit easily and quickly (the price will definitely increase very high).

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February 10, 2021, 01:28:33 PM
 #33

Elon musk is for me a big figure in business. in cryptocurrency elon musk also has a huge asset and influence on the cryptocurrency community. so that sometimes what he says has an influence on the development of a project. that's why many people including me follow Elon musk.
When the product of the Elon car company becomes popular then of course it will have a large following. especially when he made a crypto-related post. make the market move very fast due to the response of a person who has a large community. We've seen situations like that happen to several crypto assets. the influence of big names like John McAfee, Trump, and several big companies like Facebook have also made this market move, although not as big as it is today.

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February 10, 2021, 01:52:04 PM
 #34

Elon musk is for me a big figure in business. in cryptocurrency elon musk also has a huge asset and influence on the cryptocurrency community. so that sometimes what he says has an influence on the development of a project. that's why many people including me follow Elon musk.
When the product of the Elon car company becomes popular then of course it will have a large following. especially when he made a crypto-related post. make the market move very fast due to the response of a person who has a large community. We've seen situations like that happen to several crypto assets. the influence of big names like John McAfee, Trump, and several big companies like Facebook have also made this market move, although not as big as it is today.
Elon Musk wins at this time, he is more powerful than John McAfee and Trump. I was now excited to see what will be his next blowout in the crypto world. He got Doge and Bitcoin, it might possible we move to other coins. Or at worse if he dumps crypto back to the ground.

However, that is too slim to happen. Not seeing him was totally bad for us.

On the other side,
I was thinking of Elon Musk will help to lift up XRP to its bad situation and help to recover.
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February 10, 2021, 01:57:23 PM
 #35

People follow him because he is the biggest man in cryptocurrency What he says happens. Is one of the people and when he speaks it is clear and easy.
He is a successful man in cryptocurrency The coin he talks about gets his price up. a few days ago he tweeted about dogecoin and check his price where are you. I think that's why people follow Elon Musk.

Elon Musk is a great entrepreneur and a good investors. He communicates his ideas very quick and efficiently via social media, so it is pretty easy for the average investor to follow his trades. He is very successful with his two companies SpaceX and Tesla which made him one of the richest man alive. With such kind of money there are going to be a lot of people who advise him on how to invest his wealth.

Agree, he can drive Tesla price so high. Its make his decision of investment could drive many people to follow him.
Also the way he communicate takes part of it too.

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February 10, 2021, 02:06:19 PM
 #36

People follow him because he is the biggest man in cryptocurrency What he says happens. Is one of the people and when he speaks it is clear and easy.
He is a successful man in cryptocurrency The coin he talks about gets his price up. a few days ago he tweeted about dogecoin and check his price where are you. I think that's why people follow Elon Musk.
Elon Musk is a successful person and has also been trusted in the crypto space, so he can move the market through the words he writes on his account, because when he writes something, people will search for it and buy it, as happened to Dogecoin, so too in other tokens, although it is very surprising when we think about it, it is very clear that it happened.

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February 10, 2021, 02:06:57 PM
 #37

People follow him because he is the biggest man in cryptocurrency What he says happens. Is one of the people and when he speaks it is clear and easy.
He is a successful man in cryptocurrency The coin he talks about gets his price up. a few days ago he tweeted about dogecoin and check his price where are you. I think that's why people follow Elon Musk.

People follow him because he is a tech pioneer and a brilliant man. Now he is just milking money out of people . I dont know if he invests in Doge before pumping it but I wouldn't bet against it. It's practically free money for him

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MWesterweele
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February 10, 2021, 02:34:34 PM
 #38

Elon musk is for me a big figure in business. in cryptocurrency elon musk also has a huge asset and influence on the cryptocurrency community. so that sometimes what he says has an influence on the development of a project. that's why many people including me follow Elon musk.

Elon Musk was a true big figure in business world and in innovations of technology. He was now known as the worlds richest man in the world according to forbs magazine. And from what he have been gain for himself that's why he can make people follow him. And now what he has been doing he was promoted bitcoin by just tweeting it and look what his impact to the market of bitcoin it caused its price to hype by 20%. We may never know exactly what his charisma when it comes to these but no doubt that he can make people follow him.

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February 10, 2021, 02:43:14 PM
 #39



Its not wrong to believe in him, we normally follow and believe people who are smarter and richer than us. Anything he says might just affect us and if he says we could all live on mars by 2040, I'd be the first to buy a ticket to Mars. People has to believe in someone or something and right now we believe in him that he could bring crypto to mars.

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February 10, 2021, 03:10:01 PM
 #40

The hype created by elon musk is for the people a good signal to make a reason to get a good amount of profit in a short period of time like what he did to dogecoin and bitcoin and because of it many crypto enthusiasts now are following the social medias of elon musk to keep updated on his latest hypes.

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