Elon musk is for crypto or just for attention to boost Tesla, SpaceX?

[darkangel11]

I think its great that someone like Elon musk is backing crypto, and yes he has personal interest in Dodge, but overall his support has provided positivity to crypto ecosystem. I think he is increasing his stake in crypto because he has clarity that future of crypto is bright and he also wants to be on the front seat of the crypto bus.

Backing? He bought bitcoin for his personal gain, tweeted about it to get the price higher, sold it all and badmouthed it for being bad for environment. The price crashed after his tweets and maybe one day we'll learn who benefited from it. Maybe Musk gave a tip to some of his rich friends to be ready to buy and then began to tweet all these things about bitcoin? We all know that price tanked in 2021 after his tweets and recovered soon to reach a new high. Some people made a lot of money on Musk's manipulations.

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[Oilacris]

I think its great that someone like Elon musk is backing crypto, and yes he has personal interest in Dodge, but overall his support has provided positivity to crypto ecosystem. I think he is increasing his stake in crypto because he has clarity that future of crypto is bright and he also wants to be on the front seat of the crypto bus.

Backing? He bought bitcoin for his personal gain, tweeted about it to get the price higher, sold it all and badmouthed it for being bad for environment. The price crashed after his tweets and maybe one day we'll learn who benefited from it. Maybe Musk gave a tip to some of his rich friends to be ready to buy and then began to tweet all these things about bitcoin? We all know that price tanked in 2021 after his tweets and recovered soon to reach a new high. Some people made a lot of money on Musk's manipulations.

Manipulative? Yes it is possible but the community isnt really blind on how Musk trying out to play with peoples mind specially that we are really that highly reactive when it comes to news and events in the market.Just like what been said by other people that we arent that blind on not to notice something and if it turns out that people are already getting tired or already done on what Elon is been doing.
It do really become too obvious on what his motives are and this is where community starts to mold some hate.

Boosting his business and company? Its not surprising for a billionaire on trying out to market his one of the source of his revenue.

[KennyR]

I think its great that someone like Elon musk is backing crypto, and yes he has personal interest in Dodge, but overall his support has provided positivity to crypto ecosystem. I think he is increasing his stake in crypto because he has clarity that future of crypto is bright and he also wants to be on the front seat of the crypto bus.

Backing? He bought bitcoin for his personal gain, tweeted about it to get the price higher, sold it all and badmouthed it for being bad for environment. The price crashed after his tweets and maybe one day we'll learn who benefited from it. Maybe Musk gave a tip to some of his rich friends to be ready to buy and then began to tweet all these things about bitcoin? We all know that price tanked in 2021 after his tweets and recovered soon to reach a new high. Some people made a lot of money on Musk's manipulations.

Musk does everything perfectly to make money out of it. It can be cryptocurrency or something else. What he aims for will be attained through some means. He understood well about the market. There are people who keeps following his trend to make some money. Once after the price tanked to the ATH people just ignored him. This is where he lost his importance in the cryptospace. So, further I'm not sure how he's gonna influence the market as people well understood his activities.

[rdbase]

^^
Of course. He is a business man first and fore most. Whatever it is that makes him money for his companies well being(s) then he is all for it.
And in this case it was bitcoin. But for a brief moment.
He then turned over and had one of those companies sell off most of it's holdings and now after sending out a tweet about it after it took place you know where he stands on anything to do with bitcoin.
Calling it a "Sideshow" doesn't make you any new friends in the cryptomarkets like how Saylor was to him when he first bought after a tweet from the bitcoin whale.

[HeavensPro]

That's just a marketing play I suppose. It gives people the thought "wow they're the future" and gives them an illusion that Elon is interested in the same things they are interested in. Musk is just a good businessman. I don't think that he has a lot of time to study the crypto market and get involved in it.

[lepbagong]

I think its great that someone like Elon musk is backing crypto, and yes he has personal interest in Dodge, but overall his support has provided positivity to crypto ecosystem. I think he is increasing his stake in crypto because he has clarity that future of crypto is bright and he also wants to be on the front seat of the crypto bus.

His statement that attracts investors will also benefit him since he has a huge investment in crypto. Elon focuses on making more profit in crypto because he sees it as another opportunity to become richer. Elon's mindset only focuses on making money regardless of negative feedback from other investors. I'm sure that he's also backing up Doge as part of his profiting strategy.

I think your opinion can be right or wrong for what Elonmusk has done so far to crypto, especially to doge. Indeed, it must be admitted that what Elonmusk has done may also bring a positive side to crypto but it does not rule out the possibility that it can also be a negative side.
as a businessman, we must also know that the orientation that is carried out is purely to seek profit from whatever is done, as long as it is profitable then he will do it.

my opinion is, don't expect anything more from elonmusk, if the situation is like this, then we don't see anything he does to be able to boost bitcoin especially with doge.
the situation is indeed a correction and he won't be able to do anything and it looks like he can't do anything about this.

[hZti]

I don't think that he has a lot of time to study the crypto market and get involved in it.

I think that may be one of the biggest issues. I could imagine that as a nerd he would be interested in bitcoin, but in the end he has no time to learn how bitcoins works. So he uses it for a time as a marketing stunt and then leaves, since he has no knowledge to use bitcoin more in-depth.

[wallet4bitcoin]

Musk is just a good businessman.

I agree on this point. Of course he is a good businessman.  That is why many people follow him. Even earning money is very easy for him. Just buy a token/coin and then tweet.  His followers build there huge pump.

I think elon musk for his goal. Of course I  believe cryptos world make him and his company's more popular.

[Lanatsa]

Musk is just a good businessman.

I agree on this point. Of course he is a good businessman.  That is why many people follow him. Even earning money is very easy for him. Just buy a token/coin and then tweet.  His followers build there huge pump.

I think elon musk for his goal. Of course I  believe cryptos world make him and his company's more popular.

It might had been possible in the past where he could make out those manipulative kind of tweets or calls but people arent dumb and wont be committing on the same mistakes anymore and as we have seen on past

tweets and other relevant things attached to him which people do ignore most of the time and wont really be making out significant action or step basing up on what he had been doing into the market.We had already
some experience in the past and investors becomes even more wiser on anytime they do experience failures or something that talks about getting fooled or manipulated.

For Elon then it is really normal that he would really be trying his best on marketing out his companies since we know that it is one of its main sources and the reason
on why he had able to attain the richest man on this planet.

[rdbase]

Elon had sold $6.9bln worth of his tesla company's shares on the looming court case to do with the twitter deal inwhich he backed out of.
https://www.theverge.com/2022/8/9/23299343/elon-musk-tesla-stock-sells-twitter-trial

[BlockchainMentors]

Elon musk is fooling everyone with his statement of bitcoin to boost his tesla shares and come in news ...and grab attention ... He is a marketing genius person. He did not tell media of how much bitcoin his company sell out previous so i don't think whether he is purchase bitcoin or not because i do not believe him after the twitter's buying news

[smartaction]

Elon Musk just wants to see himself as famous and always the world's top rich man . So he adopts different methods at different times. his purpose is to earn a lot of money.  So he sometimes ventures into crypto and sometimes buys various tokens and shills those tokens

[|MINER|]

If you ask me about that I will says there is a no doubt with that Elon musk is just an attention seeker on crypto  And through those activities he is earning his profits.  I think he is only looking at crypto for his profit.  Yes but it is true that after Elon musk came to cryptocurrency development took place.  But I think it has further confused the market situation.  I think most people have already understood that he is only here to seek attention for his own interests.

[BobK71]

If you ask me about that I will says there is a no doubt with that Elon musk is just an attention seeker on crypto  And through those activities he is earning his profits.  I think he is only looking at crypto for his profit.  Yes but it is true that after Elon musk came to cryptocurrency development took place.  But I think it has further confused the market situation.  I think most people have already understood that he is only here to seek attention for his own interests.

Many of us make negative comments about Elon Musk but many of us don't know about his immense contribution to cryptocurrency. Everyone comes to the trading business to make profit but everyone won’t be success. Now Elon Musk is a role model in cryptocurrency. If you raise a question you will get answer that how did so many investors come to the crypto market today? He has also invested in crypto market. I consider him as a successful trader and  businessman.

[coinerer]

If you ask me about that I will says there is a no doubt with that Elon musk is just an attention seeker on crypto  And through those activities he is earning his profits.  I think he is only looking at crypto for his profit.  Yes but it is true that after Elon musk came to cryptocurrency development took place.  But I think it has further confused the market situation.  I think most people have already understood that he is only here to seek attention for his own interests.

Many of us make negative comments about Elon Musk but many of us don't know about his immense contribution to cryptocurrency. Everyone comes to the trading business to make profit but everyone won’t be success. Now Elon Musk is a role model in cryptocurrency. If you raise a question you will get answer that how did so many investors come to the crypto market today? He has also invested in crypto market. I consider him as a successful trader and  businessman.

Most crypto users have bad comments for Elon Musk. Due to its promotion Doge , SHIB by Elon musk, many people have experienced huge losses by holding SHIB & Doge tokens . Although many have made profit from here but the amount of loss is huge. I think Elon Musk is a greedy man.  Who always thinks only about his own improvement

[MinoRaiola]

Don't forget, Doge-1 will launch in future and Elon is really having fun with it. "To the Moon“ with Dogecoin, that's what he wants. Save money and be smart to send one rocket into space without paying for it, so if it goes great. And that would make SpaceX even more famous. That's what I think, have some fun and still make his company stronger.

[TheNineClub]

Watching the lately spot about Musk appearing on live tv this weekend for showing what all the hype is about and if he will actually have a mention of his favorite cryptocurrency doge, it seems the media are jumping all over this appearance.
https://www.youtube.com/watch?v=nWWzszskgmA

What are your thoughts about this North American appearance and what do you think he will do or say about doge or even bitcoin?
I think since Miley Cyrus is the musical guest he will have her dress up as a dog and call her doge.
She likes cats and had dressed up as them on stage during her concerts, so you never know what these two crazy people will do on this episode.

Is he for crypto? We'll he's for making money, so he's more or less like 80% of crypto investors Is he about the idea and concept of crypto? Again, he could be, but he's also more invested in his own project so crypto comes as an afterthought. Again, nothing that separates him from at least 80% of crypto investors.

[Oilacris]

Don't forget, Doge-1 will launch in future and Elon is really having fun with it. "To the Moon“ with Dogecoin, that's what he wants. Save money and be smart to send one rocket into space without paying for it, so if it goes great. And that would make SpaceX even more famous. That's what I think, have some fun and still make his company stronger.

Making some fun with your investment or business? Its not a bad thing but i dont see this way but rather thriving out his best just to put up emphasis and getting more attention on just simply doing

things which are obviously for the sake and benefit of his companies and we've seen that in the past on how he had make out some manipulation just for his benefit which it wont really be that
surprising yet every business owners would really be tending to do so if they do have the chance and also he wont really be reaching billionaire state if he doesnt know on what he's doing.

[Cookdata]

That's just a marketing play I suppose. It gives people the thought "wow they're the future" and gives them an illusion that Elon is interested in the same things they are interested in. Musk is just a good businessman. I don't think that he has a lot of time to study the crypto market and get involved in it.

He might not have the time but Elon has the space to accommodate Blockchain enthusiasts, I believe the doge coin he was Shilling some months ago may have not be his idea, someone may have suggested that for him, he doesn't have time for diggings or DYOR in details. Some of his comments on doge coin scales more than bitcoin proves that he doesn't no shit about bitcoin, he is just a man who employee good guys with big IQ and talent to run his business, that's exactly how he successfully run Tesla and the launch of spaceX, he doesn't know how that shit work, people work for him.

[rdbase]

If you ask me about that I will says there is a no doubt with that Elon musk is just an attention seeker on crypto  And through those activities he is earning his profits.  I think he is only looking at crypto for his profit.  Yes but it is true that after Elon musk came to cryptocurrency development took place.  But I think it has further confused the market situation.  I think most people have already understood that he is only here to seek attention for his own interests.

Many of us make negative comments about Elon Musk but many of us don't know about his immense contribution to cryptocurrency. Everyone comes to the trading business to make profit but everyone won’t be success. Now Elon Musk is a role model in cryptocurrency. If you raise a question you will get answer that how did so many investors come to the crypto market today? He has also invested in crypto market. I consider him as a successful trader and  businessman.

Most in the cryptocurrency space would say his contribution to it has been in the majority negative.
I believe he even recently stated that bitcoin was not going to last but at the same time said doge coin has potential.
This is pretty skewed thinking to a cryptocurrency enthusiasts.

Watching the lately spot about Musk appearing on live tv this weekend for showing what all the hype is about and if he will actually have a mention of his favorite cryptocurrency doge, it seems the media are jumping all over this appearance.
https://www.youtube.com/watch?v=nWWzszskgmA

What are your thoughts about this North American appearance and what do you think he will do or say about doge or even bitcoin?
I think since Miley Cyrus is the musical guest he will have her dress up as a dog and call her doge.
She likes cats and had dressed up as them on stage during her concerts, so you never know what these two crazy people will do on this episode.

Is he for crypto? We'll he's for making money, so he's more or less like 80% of crypto investors Is he about the idea and concept of crypto? Again, he could be, but he's also more invested in his own project so crypto comes as an afterthought. Again, nothing that separates him from at least 80% of crypto investors.

Very true in this statement.
Most are into it for financial gain and nothing more. As it is a currency, and the more you have of it the wealthier you are.
That is pure economics.

Most crypto users have bad comments for Elon Musk. Due to its promotion Doge , SHIB by Elon musk, many people have experienced huge losses by holding SHIB & Doge tokens . Although many have made profit from here but the amount of loss is huge. I think Elon Musk is a greedy man.  Who always thinks only about his own improvement

And that is exactly why most who have come to know about crypto hate him.
Because they invested into these coins (or the ones that have his name tied to them in someway or another whether that be by legitimate means or by nefarious ones) and have lost their funds or in some cases their lifesavings.
And you made a great point:
Elon Musk is a greedy business man through and through.
He's only looking out himself and what is in his best interests and nothing more.