Elon Musk and BTC

[fadhilz123]

Just my personal opinion, Elon Musk's tweet is unhealthy for the crypto industry because he created a FOMO, and people who don't have knowledge will potentially loss their money. It's so good because Elon Musk support Bitcoin and other cryptocurrency but making a FOMO is not good for us and for the haters

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[TravelMug]

Just my personal opinion, Elon Musk's tweet is unhealthy for the crypto industry because he created a FOMO, and people who don't have knowledge will potentially loss their money. It's so good because Elon Musk support Bitcoin and other cryptocurrency but making a FOMO is not good for us and for the haters

Just to be fair with Elon Musk, crypto is full of FOMO.

Remember John McAfee? Yes, the eccentric guy who uses twitter to make more money and create a lot of FOMO back in 2017, and that $1 million bet on bitcoin otherwise he will eat his manhood? That's the ultimate FOMO in crypto.

So it's debatable, a lot of pros/cons about Musk tweet, I guess it boils down as to how we are going to take it, see if we can squeeze some money out of this FOMO and then get out before it burst.

[elisabetheva]

The same thoughts of other people when bitcoin once got in $10k and then broke $20k. Don't you worry if you think that you'll ever be attacked, don't be hurt by others' words because your words might also hurt them. But just as about the sustainability of bitcoin's price, just because we're in a correction, there are questions like this that's being asked. If there were those institutions and retail investors who have invested at the peak, they're just the same as those who have bought @$20k in 2017. They just have to hold.

all of them have their own stand and arguments, so if something is said that is not liked it could happen but not for the purpose of harassing. So it is only natural to provide an acceptable counter argument, because freedom cannot be prohibited as long as it does not attack an individual or group that is clearly cornering.

yes, as long as the objective is to seek profit, then everyone has the same rights, maybe in an unusual way and that is their right because he who has the funds for that he has the right to decide what to do next without anyone being able to intervene.

[BrewMaster]

Remember John McAfee? Yes, the eccentric guy who uses twitter to make more money and create a lot of FOMO back in 2017, and that $1 million bet on bitcoin otherwise he will eat his manhood? That's the ultimate FOMO in crypto.

you can't really compare the two.
McAfee was a scammer who was trying to make money by pump and dumping shitcoins and also getting paid to advertise the scam projects of 2017 known as ICOs.
Musk on the other hand is a bitcoin believer who has bought bitcoin and likes the technology so he makes some fun tweets about it from time to time to troll the community too.

[JimboToronto]

But I have a very short question. Which "Wall street" or other professional investor with clear mind would invest in THE MOST VOLATILE COMMODITY IN THE WORLD  after it reached $57 000

Answer:

A smart one.

After the little correction down to $43k, we're right back up over $57k again.

Yes, the Elon Musk news may have been the spark that triggered the rise from under $40k to the ATH, but it was destined to happen anyway.

This bull market is still young.

[Sayeds56]

But I have a very short question. Which "Wall street" or other professional investor with clear mind would invest in THE MOST VOLATILE COMMODITY IN THE WORLD   after it reached $57 000

Answer:

A smart one.

After the little correction down to $43k, we're right back up over $57k again.

Yes, the Elon Musk news may have been the spark that triggered the rise from under $40k to the ATH, but it was destined to happen anyway.

This bull market is still young.

I think any individual or Corporation sitting on Huge cash and understand the worth of this Digital asset, would like to take advantage of current Bull Market. There are many more corporations( Microsoft, Apple, Alibaba) who will certainly follow Elen Musk to improve their Balance sheet by investing in Bitcoin. What price escalation we have seen in BTC during the past six month , it is just beginning , Best is yet to come. The BTC is again in Bullish trend and next likely Target is 65K.

[Hippocrypto]

After announcement that Elon Musk invested billions in btc, the price that was already high, skyrocketed just in a couple of days. A lot of rumors about huge wall street investors started to appear. But I have a very short question. Which "Wall street" or other professional investor with clear mind would invest in THE MOST VOLATILE COMMODITY IN THE WORLD   after it reached $57 000

https://coinmarketcap.com/currencies/bitcoin/

I know that I will be attacked by BTC supporters, but you are welcome.

In my own perspectives about that massive pumps after Elon's investments, I am grateful that the outcome is good. Despite of the volatility of the market, it doesn't fail with our expectations because many people who've been patiently waiting took their profit. Regarding the amount invested by Elon Musk, I don't think declination of price would tend to occur badly because it now became a strong pillars of btc which I believed this guy choose to trust.

[New.in.trading]

After announcement that Elon Musk invested billions in btc, the price that was already high, skyrocketed just in a couple of days. A lot of rumors about huge wall street investors started to appear. But I have a very short question. Which "Wall street" or other professional investor with clear mind would invest in THE MOST VOLATILE COMMODITY IN THE WORLD  after it reached $57 000

https://coinmarketcap.com/currencies/bitcoin/

I know that I will be attacked by BTC supporters, but you are welcome.

In all honesty: I think Elon was simply trying how big his power is. He tried to be a "Donald Trump for Bitcoin". Imagine, you are one of the richest ppl on earth, and many many ppl follow what you say, only because you tell them to. So... when he decides to invest into anything and then post it on twitter, there is a high chance that many ppl will follow his lead. So...
What if Elon tried the biggest pump and dump in history of BTCUSD?
I like Elon and what he does, but he's only a father too, and needs to pay bills. So maybe that BTC investment was only a short term thing to raise money for a new project? Or simply to see how far he can push prices?

[Theb]

@OP Its really up to the company's board members and directors to decide if the price they are seeing now is undervalued or not as I have never even imagined that Elon Musk will be entering above 30,000$ since for me it is a little to steep considering my average bought price for Bitcoin.

What if Elon tried the biggest pump and dump in history of BTCUSD?

Believe me or not he will become the most hated person on Earth even outside of the crypto industry as definitely him only benefiting from what others have did to pump Bitcoin up and then him leaving will just make him a selfish man on a lot of eyes. He will hurt more than what he will gain I can see people not supporting his products from his electric cars to his flame throwers all of this won't be bought by people and their friends who have been affected.

[carlfebz2]

Remember John McAfee? Yes, the eccentric guy who uses twitter to make more money and create a lot of FOMO back in 2017, and that $1 million bet on bitcoin otherwise he will eat his manhood? That's the ultimate FOMO in crypto.

you can't really compare the two.
McAfee was a scammer who was trying to make money by pump and dumping shitcoins and also getting paid to advertise the scam projects of 2017 known as ICOs.
Musk on the other hand is a bitcoin believer who has bought bitcoin and likes the technology so he makes some fun tweets about it from time to time to troll the community too.

You can really differentiate the two when it comes to shilling out something but its comparable into someone who doesnt really need money like Musk where he wont really be ruining
his own reputation by just shilling out some coins just like on what McAfee did in the past.

He do make out some tweets on where the masses do really take it seriously anytime he do publish those.Some people do really have just bad impressions
when it comes to this and making out those speculations or claims that the thing he's been doing is already on the manipulative side.

[Kemarit]

Remember John McAfee? Yes, the eccentric guy who uses twitter to make more money and create a lot of FOMO back in 2017, and that $1 million bet on bitcoin otherwise he will eat his manhood? That's the ultimate FOMO in crypto.

you can't really compare the two.
McAfee was a scammer who was trying to make money by pump and dumping shitcoins and also getting paid to advertise the scam projects of 2017 known as ICOs.
Musk on the other hand is a bitcoin believer who has bought bitcoin and likes the technology so he makes some fun tweets about it from time to time to troll the community too.

I agree though, McAfee and Musk are way too different personalities are far as crypto goes.

McAfee an obvious shill to ICO projects in 2017, and majority of projects he shills is scams.

While Musk, has 'walk the talk', you can call his tweet borderline troll though, but that's is. He doesn't specially say buy this and that, not specific and it's funny tweet because even tweeter sphere lit up, when he trolls crypto or someone.

[ElmedoRator]

It seems that the attention to Elon has decreased when I see the greatest concern is in the US stimulus package. And then what happened next, we could see new discussion topics like Biden VS Btc, Xi Jinping VS btc, ....

[New.in.trading]

Believe me or not he will become the most hated person on Earth even outside of the crypto industry as definitely him only benefiting from what others have did to pump Bitcoin up and then him leaving will just make him a selfish man on a lot of eyes. He will hurt more than what he will gain I can see people not supporting his products from his electric cars to his flame throwers all of this won't be bought by people and their friends who have been affected.

I agree. Its always important to try to look behind actions of ppl and who would benefit from those actions. If Elon simply wanted to invest in BTCUSD he could have done so in silent. Tell no one. Just as you would not tell ppl everything, right? but then he announced it on twitter as he knows he gets big attention. the H4 candle was up 4k I think it was. Not sure but pjrice went up for a while after that Elon tweet. So yes he may have had something in the back of his mind.

All in all I still think he is a good guy who tries to make the world a better place. Looking at his history, he definetaly came from nothing, was nearly bankrupt many times and always managed to keep his projects alive. He could have stopped after selling PayPal, and just sit back and relax and have a nice life on a big ass boat. But he did not. He started a revolution in the car industry. One man changed one of the biggest industries on this planet all by himself. I pay him respect for that. Then he was the first one to actually recycle a space rocket, in terms of using it multiple times. Nasa flies to space for 60 years now and never thought about reusing a rocket? Okay, they had space shuttles, but somehow stopped developing them. So... I like Musk for he never gives up, and sets goals so big one cant ever achieve them. But thats why he gets where he is. Setting huge goals and reaching only 80% of it, is better than setting a small goal and easily make it there, right?

[SquallLeonhart]

Its always important to try to look behind actions of ppl and who would benefit from those actions. If Elon simply wanted to invest in BTCUSD he could have done so in silent. Tell no one. Just as you would not tell ppl everything, right? but then he announced it on twitter as he knows he gets big attention. the H4 candle was up 4k I think it was. Not sure but pjrice went up for a while after that Elon tweet. So yes he may have had something in the back of his mind.

He can't really make it silently because as soon as he does that he has to let people know on official papers, Tesla can't put 1.5 billion in bitcoin and only Elon knows about it, there needs to be a lot of people who know about it beforehand and also they put in paperwork to let shareholders and SEC and so forth know about it and obviously news hear about it and so forth.

He didn't tweet about buying 1.5 billion dollars worth of bitcoin as well, go check when it happened and his tweets before that and you will see that he only talked about it afterwards, he talked about doge a lot though, if they bought doge that would have been a bit risky. That is why I think Elon didn't really talked about it or tweeted about it to make more money after he bought it, he just likes it and just like you and me he wanted to talk about it, just because his company bought a lot doesn't change his rights to talk about something he wants.

[BrewMaster]

This bull market is still young.

this is the important part that some people don't seem to get yet. it is not surprising either we had the same thing back in early 2017 when price had reached $3k for the first time and they were all crying about how bull market has ended and the dump should begin.

[7788bitcoin]

this is the important part that some people don't seem to get yet. it is not surprising either we had the same thing back in early 2017 when price had reached $3k for the first time and they were all crying about how bull market has ended and the dump should begin.

That is true but the price difference from $3k to $19k was a huge rally but when it comes to the valuation at the moment people like me who earns below what the price of bitcoin is right now annually cannot make a difference along with millions of other middle class investors and the price of bitcoin depends upon how the institutional investors keeps on investing in them and how long they are willing to take the risk.

[Stedsm]

@OP, I'm not going to attack you, but I'd like to ask you something.
Aren't Gold, Platinum, Silver, Oil all highly volatile? Still they're traded by these people while these things are probably backed by nothing except their use case. Bitcoin's use case is its need to run the whole crypto economic system and if BTC won't outperform, alts will die. When an asset class of its own kind has born, why do you believe they've got no reasons to buy BTC? When there's profit, when there's a wider audience now who's ready to eat up all your sell orders and when there's more to come, why the hell do you think that these WallStreet guys won't be interested in BTC? You know something mate? BTC is pseudonymous, meaning that those who invest in BTC don't even need to tell anybody that they bought it until their targets are achieved.

[dimonstration]

It seems that the attention to Elon has decreased when I see the greatest concern is in the US stimulus package. And then what happened next, we could see new discussion topics like Biden VS Btc, Xi Jinping VS btc, ....

Governments can't no longer stop the growth of crypto or bitcoin, many companies or taxpayers already use it as an investment the only thing they can do now is to put some taxes or limitations but not to the point that will cause harm or threat to crypto users since it already happened before but they were not successful in making it shut down. Regarding Elon, there are still supporters whose watching but still waiting to buy at lower price, who knows some companies also just waiting since the price went too high in just few months of this year there are still many of plenty of events can happen.

[Hamphser]

This bull market is still young.

this is the important part that some people don't seem to get yet. it is not surprising either we had the same thing back in early 2017 when price had reached $3k for the first time and they were all crying about how bull market has ended and the dump should begin.

Fear and doubts are really on that on extreme level is on that time where everybody do looks the same views and perceptions towards the market.We dont know on what future looks like this is why

these kind of calls are really very that common.When it comes to sentiments and speculations floating around in the market then its not something new for us to be shocked on.

Now that known influencers or known people do join up the swarm then it does indicate that it did really getting some recognition now.Bull market is still young
but people are way too scare on taking up the risk.

[Yamifoud]

It seems that the attention to Elon has decreased when I see the greatest concern is in the US stimulus package. And then what happened next, we could see new discussion topics like Biden VS Btc, Xi Jinping VS btc, ....

Governments can't no longer stop the growth of crypto or bitcoin, many companies or taxpayers already use it as an investment the only thing they can do now is to put some taxes or limitations but not to the point that will cause harm or threat to crypto users since it already happened before but they were not successful in making it shut down. Regarding Elon, there are still supporters whose watching but still waiting to buy at lower price, who knows some companies also just waiting since the price went too high in just few months of this year there are still many of plenty of events can happen.

They can't afford nor have the authority to stop the spread of Bitcoin, they have nothing to do this since they are not in the controlled with. It is much better for these leaders to talk about supporting crypto rather than to think negatively.
Back to Elon Musk, I really appreciate what he does. He absolutely has the purchasing power and could manipulate the minds of the people but he doesn't want everything will fall into his hands and take control of the market. What he does is to help people know about Bitcoin and sighting an important role it has today.