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

[Cookdata]

this man clearly earned his popularity, because such people will not pump the DOGE coin so often, we don't know much, but we can definitely assume that he benefited from all this.

He clearly scammed people with his influence if you ask me, this is not what leaders do to their followers. Only Lord knows the people he informed before he literally pumps doge and manipulates his way out. He does that too to Bitcoin but that was easy for him because of the bull run, I dare him now to try those stupid memes on his Twitter handle to see if he will be able to do that this time around.

Now that we have a bear market, most people who are new to the market will by now have learned their lessons, this is the period you will know the strong and the real diamonds hands and not the typical ones that were shouting strong hands in a bull market time.

[carlfebz2]

this man clearly earned his popularity, because such people will not pump the DOGE coin so often, we don't know much, but we can definitely assume that he benefited from all this.

He clearly scammed people with his influence if you ask me, this is not what leaders do to their followers. Only Lord knows the people he informed before he literally pumps doge and manipulates his way out. He does that too to Bitcoin but that was easy for him because of the bull run, I dare him now to try those stupid memes on his Twitter handle to see if he will be able to do that this time around.

Now that we have a bear market, most people who are new to the market will by now have learned their lessons, this is the period you will know the strong and the real diamonds hands and not the typical ones that were shouting strong hands in a bull market time.

There's no scam happened and you couldnt really just simply make out those claims since Elon wasnt really able to steal money from people but somewhat it did really make out some manipulative actions which causes for people to lose up their investment.

Well, its just normal that he would really make out some boosting up in regarding with his businesses or companies via some tweets but he never forces out people to follow on what he do
and since we know on how social media words then it is really just dumb that people do really throw up some blame whenever they do have some investment losses
without even trying to realize that it was their own fault on the first place.

[n0ne]

this man clearly earned his popularity, because such people will not pump the DOGE coin so often, we don't know much, but we can definitely assume that he benefited from all this.

He clearly scammed people with his influence if you ask me, this is not what leaders do to their followers. Only Lord knows the people he informed before he literally pumps doge and manipulates his way out. He does that too to Bitcoin but that was easy for him because of the bull run, I dare him now to try those stupid memes on his Twitter handle to see if he will be able to do that this time around.

Now that we have a bear market, most people who are new to the market will by now have learned their lessons, this is the period you will know the strong and the real diamonds hands and not the typical ones that were shouting strong hands in a bull market time.

He did it understanding the people's mind. We can't term this to be a scam, because he didn't mention or suggested anyone to follow him. He just did of his own and hyped the market. Just because he's popular the market got manipulated. By the time people made big money as well as lost big. So, it is simply their luck.

Now people are well aware of these kind of Influencers. Recently he made some tweets and nothing drove the market. Because, people are well aware and doesn't want to fall for his tweets. Following influencers profits, if the investment is being made at the right time. It is high risk than just investing.

[rdbase]

This is another proof that market is definitely somehow manipulated

I don't think Elon Musk has enough time between designing stuff at SpaceX/Tesla/Starlink/Boring Company/that neurallink or whetever its called, and media appearences to manipulate the market even rudimentarily.

@idrisalomagold
The bitcoin price is definitely manipulated. If you just look at the price before then after the announcement by Powell during his speech about inflation in the US. It dropped $400 within less than 10 minutes and he hasn't even finished speaking yet.


@NotATether
Wouldn't you call that building of an empire?
He will just like the Romans but will be based on Mars instead.

[lepbagong]

this man clearly earned his popularity, because such people will not pump the DOGE coin so often, we don't know much, but we can definitely assume that he benefited from all this.

He clearly scammed people with his influence if you ask me, this is not what leaders do to their followers. Only Lord knows the people he informed before he literally pumps doge and manipulates his way out. He does that too to Bitcoin but that was easy for him because of the bull run, I dare him now to try those stupid memes on his Twitter handle to see if he will be able to do that this time around.

Now that we have a bear market, most people who are new to the market will by now have learned their lessons, this is the period you will know the strong and the real diamonds hands and not the typical ones that were shouting strong hands in a bull market time.

actually an elon will not be able to prove that he will be able to give encouragement to the doge if he does this now, because the market is bearish. So I don't believe in Elon's ability to be able to give doge improvements. as an entrepreneur he is smart to take advantage of the trust of many people through his tweets to be able to give encouragement to the doge, but when the market is still possible to be manipulated.
as an entrepreneur he knows the situation and will do what he thinks will benefit him and he will not do anything when indeed he himself would not be able to do it.

[ObscurePen]

Musk is just for Tesla and SpaceX. He has concerns over Bitcoin because of the greenhouse emissions emitted when mining Bitcoin. I think that is why he like DOGECOIN. Musk will not support Bitcoin for sure.

[BobK71]

this man clearly earned his popularity, because such people will not pump the DOGE coin so often, we don't know much, but we can definitely assume that he benefited from all this.

He got more than he expected from a meme coin. Now he has not made much progress with it. He is a renowned businessman. Because of his various businesses, he may not be able to give proper time to all businesses. Maybe his crypto business is at an insignificant stage compared to other businesses.

Although we don't know any plans for his doge coin. Hopefully something will happen but of course after the bull market goes through.

[Osteoid]

I don't think one affects the other in any way. Yes, Elon Musk is a proponent of bitcoin and other cryptocurrencies, but he also considers his finances, investors, and shareholders, just like any other CEO or a business owner. Personally, I don't see any competing interests or anything similar here. Everything makes sense and is clear. Well, it is only healthy to be envious when he succeeds in doing both.

[Mr. Magkaisa]

-  All I know is that Elon Musk is a rich man and also an influential businessman in the business world.
He is a very popular person, and no matter what crypto token he endorses, even if it has no value in the market, he will surely be able to increase the value in the market even if it is temporary.

Because I remembered when he just posted a short message on dogecoin, the price of dogecoin suddenly pumped up in the market, and even the Shiba Inu did the same.

It means that if other tokens can increase the value and have many community investors, how much more can Tesla and SpaceX.

[amishmanish]

I guess Elon Musk is a entrepreneur who is not shy of taking risks. He has been in crypto as he know there is something going on in crypto space that can actually help him make good profits. But yes if some one like him promotes crypto, it gives a lot of confidence to common investors.

[Imran232]

<.......................>

What do you think? Is it possible for us to predict or guess the Elon Mask's next step? If it was possible, then obviously he is not the elon mask you know. He is the person whose thoughts are impossible to know. Now if you ask us what Elon's plan is with Bitcoin and Crypto, he is just doing all the things to get attention and boost his products like Tesla and SpaceX. Well, what I think is that it's not about only Tesla or Spacex, he is all about running and planning for profit. When he believes it is time to profit from crypto, he comes and begins his games with crypto and market manipulation. With cryptocurrency, he achieves two goals: he becomes controversial and generates buzz for his product; what we call "negative marketing" is a form of marketing. That's my overall opinion. Thank you.

[Whiteness]

Musk is just for Tesla and SpaceX. He has concerns over Bitcoin because of the greenhouse emissions emitted when mining Bitcoin. I think that is why he like DOGECOIN. Musk will not support Bitcoin for sure.

did he said anything to confirm this statement? I always thought he's just joking and trolling about Dogecoin. I still think he's not serious about it. he might have invested in dogecoin but for him throwing some million dollars is not a big deal. and this was a good investment for him considering if he invested in dogecoin at right time.

[rdbase]

-

What do you think? Is it possible for us to predict or guess the Elon Mask's next step? If it was possible, then obviously he is not the elon mask you know. He is the person whose thoughts are impossible to know. Now if you ask us what Elon's plan is with Bitcoin and Crypto, he is just doing all the things to get attention and boost his products like Tesla and SpaceX. Well, what I think is that it's not about only Tesla or Spacex, he is all about running and planning for profit. When he believes it is time to profit from crypto, he comes and begins his games with crypto and market manipulation. With cryptocurrency, he achieves two goals: he becomes controversial and generates buzz for his product; what we call "negative marketing" is a form of marketing. That's my overall opinion. Thank you.

His next step was a strategy that looked to have worked out in his favor from the last bit of news to make way on this saga regarding him taking over twitter.
The shareholders are wanting to take his offer now.
https://www.cnn.com/2022/09/13/tech/twitter-elon-musk-deal-shareholder-vote/index.html
They were ready to sue for damages but instead will accept his $44bln acquisition bid.
Looks like the chess match he was playing with the board directors really did pay off in the long run.

[rdbase]

So now to avoid the lawsuit against him Elon Musk has agreed to buy twitter for the purposed $44bln from what was sold for over three months ago.
https://www.ign.com/articles/elon-musk-offering-to-buy-twitter-at-the-original-price

The trial date was set for October 17th, less than two weeks from now.
It seems something has tweaked his interest in the acquisition after all.

[Hamza2424]

I have a double minded answer for that 😜 actually what he do is to grab attention which he gets by his sense of Humor as By his nature. He Do Crazy things and Grab Attention what he did with the Doge haha, where are the Doge investors now well in my opinion He dont need marketing for his Tesla Products as he do it by his Actions. For the concern of crypto he knows the potential and about the future of Finance so he is building up his Place in Community which he did greatly.

[Falconer]

I have a double minded answer for that 😜 actually what he do is to grab attention which he gets by his sense of Humor as By his nature. He Do Crazy things and Grab Attention what he did with the Doge haha, where are the Doge investors now well in my opinion He dont need marketing for his Tesla Products as he do it by his Actions. For the concern of crypto he knows the potential and about the future of Finance so he is building up his Place in Community which he did greatly.

I agree on the first reason, he's for crypto just as his way of getting people's attention about Tesla and SpaceX. Secondly I also think Elon Musk wants to increase his financial coffers by investing in bitcoin as well as altcoins, but it starts to attract all the interest after some of his wishes are achieved.

I didn't know Elon had a great sense of humor, but in the end people thought he did because of his madness. I think Elon is strong because of his finances, so he can do whatever he wants to do including acquiring twitter. I don't know what's next, but I'm not really interested.

[Baofeng]

So now to avoid the lawsuit against him Elon Musk has agreed to buy twitter for the purposed $44bln from what was sold for over three months ago.
https://www.ign.com/articles/elon-musk-offering-to-buy-twitter-at-the-original-price

The trial date was set for October 17th, less than two weeks from now.
It seems something has tweaked his interest in the acquisition after all.

And now this reports surfaces:

Elon Musk told prospective investors in his deal to buy the company that he planned to get rid of nearly 75 percent of Twitter’s 7,500 workers, whittling the company down to a skeleton staff of just over 2,000.

Even if Musk’s Twitter deal falls through — and there’s little indication now that it will — big cuts are expected: Twitter’s current management planned to pare the company’s payroll by about $800 million by the end of next year, a number that would mean the departure of nearly a quarter of the workforce, according to corporate documents and interviews with people familiar with the company’s deliberations. The company also planned to make major cuts to its infrastructure, including data centers that keep the site functioning for more than 200 million users that log on each day.

https://www.washingtonpost.com/technology/2022/10/20/musk-twitter-acquisition-staff-cuts/

So regardless, Twitter is on a massive employee cut, 75% of it's workforce will be out of work even if Musk is going or have acquired Twitter.

So definitely it's a bad news for their employees, but I guess that is the bad side of business. Even if Musk owns Twitter, as some point he has to make some money in the beginning and recover and have to let go of his employees.

[rdbase]

Musk has the ultimate soap box to garner the most attention possible:
https://www.economist.com/business/2022/10/28/elon-musk-buys-twitter-at-last

And the shakeup has began among many media outlets and even political landscapes as the election for the next American president looms very soon and Twitter being an American company this will implicate the election just as it did in the past.
Expect it will be uncensored...
Well as much as possible with Elon stating when the event finally unfolded, of course, took to twitter to say:
"The bird has been freed!".

[wavessurfing]

Musk has the ultimate soap box to garner the most attention possible:
https://www.economist.com/business/2022/10/28/elon-musk-buys-twitter-at-last

And the shakeup has began among many media outlets and even political landscapes as the election for the next American president looms very soon and Twitter being an American company this will implicate the election just as it did in the past.
Expect it will be uncensored...
Well as much as possible with Elon stating when the event finally unfolded, of course, took to twitter to say:
"The bird has been freed!".

E. has now bought Twitter for 44 MMusd and removes about 50% of its work force
source: Zerohedge.com

[rdbase]

^^
Yes but he had to end up hiring back the developers of the platform because an issue happened with the blue checkmarked accounts being able to change their names next to their profiles. A bunch of celebrities were doing this and mocking the new CEO of Twitter and he ended up banning them. It was in the news sometime over the weekend.
Just hollywood mellowdrama so not needing to post any link to it as it was just silly. But him not knowing how to get his own coders and employees to deal with the issue was funny.

Something that is not funny is this news about him flipping on the Democratic party and telling his twitter followers to vote for the other party:
https://www.reuters.com/world/us/musk-recommends-voting-republicans-us-midterm-elections-tweet-2022-11-07/

The midterm elections just ended a few days ago and they are still counting ballots.
This can swing the vote quite a bit since the margin is so close to call.
It can define what the political landscape looks like going into the next election for the next U.S president.
And you know the huge role twitter had in the last one. So this will be interesting with Elon Musk at the helm with a no censorship type person at the head of the largest platform in the world.