Love Elon for Tesla and space exploration but forget about him about bitcoin

[slowlyslowly]

I love Elon. The world needs more risk takers though he sometimes loses the plot at odd times.

But in terms of real effect on the bitcoin price forget him.  there was a spike a few years back where we went from less than $1,000 to about $17,000 and then it came down and settled about $8000 before moving up fast again recently. Elon had no hand in that up and down. it was the old friends (enemies?) of manipulation, FOMO (greed) and then exhaustion. I think we are going way down now to $30,000 at least just on the downhill pattern we have when huge spikes occur. So long as we are above the 200wma we are still getting doubling in price each year. Elon buying lots or selling lots or talking about other coins etc wont hurt us. Stand easy.

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[thecodebear]

Yeah Tesla and SpaceX are fantastic companies for the world. But when it comes to markets, crypto and stocks, Musk is just a slimeball manipulator. He has lost all credibility when it comes to crypto at this point. I would bet that his influence will wane and people will stop caring every time he flips his support or pumps shitcoins.

Dude needs to focus on his companies and his kid, and get off twitter and quit talking about crypto which he clearly doesn't understand.

[Twinkledoe]

Yeah Tesla and SpaceX are fantastic companies for the world. But when it comes to markets, crypto and stocks, Musk is just a slimeball manipulator. He has lost all credibility when it comes to crypto at this point. I would bet that his influence will wane and people will stop caring every time he flips his support or pumps shitcoins.

Dude needs to focus on his companies and his kid, and get off twitter and quit talking about crypto which he clearly doesn't understand.

He has built life-changing companies and we can't deny such fact. But when it comes to crypto, he is somewhat not well-informed. I also hope that before he tweets again related to crypto, should consult at least a crypto developer to validate what he will say. He is clearly not very knowledgeable when it comes to crypto. Should use his influence for the betterment of crypto market, and not create more doubt.

[glub0x]

I love Elon. The world needs more risk takers though he sometimes loses the plot at odd times.

But in terms of real effect on the bitcoin price forget him.  there was a spike a few years back where we went from less than $1,000 to about $17,000 and then it came down and settled about $8000 before moving up fast again recently. Elon had no hand in that up and down. it was the old friends (enemies?) of manipulation, FOMO (greed) and then exhaustion. I think we are going way down now to $30,000 at least just on the downhill pattern we have when huge spikes occur. So long as we are above the 200wma we are still getting doubling in price each year. Elon buying lots or selling lots or talking about other coins etc wont hurt us. Stand easy.

I actually belive he behave like the worst capitalist to pump as much money out of crypto and maybe even tesla so he can pursue his one and only dream to die on mars.
To do so he will need a shitload of money.

If that is true, i am 100% behind him, i would be glad to see crypto vanish if i get to see permanent colony either on mars or space.

[marcus_of_augustus]

... Tesla will probably fail and be bailed out by the gubmint on the "green agenda" con, the GM of our age?

... SpaceX Starship might be a huge bust with internal noise problems making it unsuitable for human travel ... it's basically a huge steel drum ... the spruce goose of our age?

... Starlink could likely be coopted by the surveillance state for global monitoring, the Ma Bell of our age?

... musk's legacy is by no means set in stone at this stage, cosying up to power players and gubmints has led to many visionaries coming unstuck

[NeuroticFish]

... musk's legacy is by no means set in stone at this stage, cosying up to power players and gubmints has led to many visionaries coming unstuck

Well said.

Others also make electric cars. Maybe not that fancy, but Tesla is also not much of a breakthrough. Also them earning more from carbon certificates and, lately, from Bitcoin may rise some interesting questions about what is Tesla actually "producing".

Also, interestingly, everybody links Elon to Tesla and SpaceX and nobody remembers him as PayPal, for example. Or, if my memory serves me good, wasn't he sending SPAM in the early days it was not even widely known under the name of SPAM?

[TheGreatPython]

But in terms of real effect on the bitcoin price forget him.  there was a spike a few years back where we went from less than $1,000 to about $17,000 and then it came down and settled about $8000 before moving up fast again recently. Elon had no hand in that up and down. it was the old friends (enemies?) of manipulation, FOMO (greed) and then exhaustion. I think we are going way down now to $30,000 at least just on the downhill pattern we have when huge spikes occur.

In my opinion, big whales have used Elon's tweet as a weapon and are shorting the market to create chaos. I don't think they even sold 50 cars by now through bitcoins so why would an announcement bring such a drastic change in the market. Whales needed a reason and timing to start shorting and that tweet gave them the reason and timing while all the heat is being faced by Elon.

I've never been a fan neither I have ever seen him as a negative personality because I just consider him someone who works hard is achieving his goals. His involvement in the crypto is weird because he is shilling for dogecoins which are also mined and waste energy but he doesn't like bitcoins for energy wastage, does it even make sense? At least not to me.

[South Park]

I love Elon. The world needs more risk takers though he sometimes loses the plot at odd times.

But in terms of real effect on the bitcoin price forget him.  there was a spike a few years back where we went from less than $1,000 to about $17,000 and then it came down and settled about $8000 before moving up fast again recently. Elon had no hand in that up and down. it was the old friends (enemies?) of manipulation, FOMO (greed) and then exhaustion. I think we are going way down now to $30,000 at least just on the downhill pattern we have when huge spikes occur. So long as we are above the 200wma we are still getting doubling in price each year. Elon buying lots or selling lots or talking about other coins etc wont hurt us. Stand easy.

I do not see how you can come up to this conclusion, the guy holds a very large amount of coins and it is one of the influential persons around the world so he can easily hurt bitcoin and I think this is precisely what we are seeing, now does this means the crash is solely on him? Of course not, retail investors were investing in altcoins and creating an altcoin season and we know that many times this is the sign of a crash approaching and it seems it finally reached us.

[suzanne5223]

I love Elon. The world needs more risk takers though he sometimes loses the plot at odd times.

But in terms of real effect on the bitcoin price forget him.  there was a spike a few years back where we went from less than $1,000 to about $17,000 and then it came down and settled about $8000 before moving up fast again recently. Elon had no hand in that up and down. it was the old friends (enemies?) of manipulation

I don't agree with you that Elon Musk have no hands in the recent dip in price of the market, he fully aware most newbies crypto investors sees him as their market analysis why did he have to publicly make the stop of Bitcoin as payment.
I think you don't understand that crypto market is more fragile during bullish market cause any public sales declared by an influential will impact the market the samething happen with Steve Wozniak in the year 2018.
I came to a conclusion that Elon is ungrateful cause he secure his position and gained new alias at Tesla through Bitcoin but he chooses to cause chaos in the market of the same coin while he declared not to sell any of his Dogecoin holdings and now you're saying he has no hand in what's happening?

[uneng]

Now I ask myself if he is really serious about space exploration or if it's just another joke or bluff to increase the attention received and value of his company and his own fortune. What he did to bitcoin wasn't an act of someone who claims to be a visionary who thinks on the future. There is no problem in not endorsing bitcoin like many people do, but what Musk did was treachery. He surfed in bitcoin and crypto's wave for a long time, endorsed it in all possible means, adopting bitcoin in the end. And only after this he reached to the conclusion bitcoin was bad.

In my opinion Elon Musk proved to be a dangerous person and I would avoid him maximum as possible.

[Greyhats]

There are some rumours afoot about Tesla. Fits the speculation topic, the Burry short on Tesla may be linked to the btc dump and downward pressure. If you think about it it does kind of line up. Tesla have to declare their btc profit/loss and coupled with their reduction in 3rd party climate credit  purchases from other aut retailers. (Last q profit nearly entirely came from these). This would pay off the Burry short. Musk trying to break even in doge and falling deeper into the rabbit hole.

[South Park]

Now I ask myself if he is really serious about space exploration or if it's just another joke or bluff to increase the attention received and value of his company and his own fortune. What he did to bitcoin wasn't an act of someone who claims to be a visionary who thinks on the future. There is no problem in not endorsing bitcoin like many people do, but what Musk did was treachery. He surfed in bitcoin and crypto's wave for a long time, endorsed it in all possible means, adopting bitcoin in the end. And only after this he reached to the conclusion bitcoin was bad.

In my opinion Elon Musk proved to be a dangerous person and I would avoid him maximum as possible.

He seems to not understand how much he has damaged his reputation not only in this market but in every other market, what he did is exactly what scammers do, so I cannot see how this is not going to affect him and his companies as people are going to begin to doubt if this is nothing more but an attempt to become richer and never fulfill his promises or if he is genuine on his desire to take humanity to space, but whatever is the case he has just made his success on any of those fields way harder than what it was just a week ago.