What if Elon musk launches his own coin?

[bakasabo]

I can't imagine that. If she really launches his own coin it gonna be lit for crypto market. Especially with Elon musk big name it will be very easy for him to invite another big influencer / artist to join or promote he's project.

People will buy his own coin without hesitation and even reading what it is. It will immediately become a speculative asset and push all the market up. But, I think Elon Musk will drop development or support of his coin. He will play with its prices for a while and will turn into something more serious. For him, this coin will be like a toy. He doesnt not need to raise money through coins or tokens to start something, because his companies had enough of them.

P.S. Who is "she" ? ( "If she really launches his own")

[Sanitough]

Elon Musk will probably hype his own coin if he creates himself just like what he did with bitcoin and dogecoin that are now both in their peak price. But it never crosses my mind he will come up with this knowing he had all the coins he wanted and make it pump or dump so that the owners of such coins will end up panic selling and leave him the profitable one.

What about the rest of the coins in the cryptocurrency market, almost all of the coins touched their all time high and still going higher and we very well know that Elon Musk just pumped the price of Bitcoin and Doge but what happened to ETH XRP even ETC and Bitcoin Gold. So we cannot find someone responsible for the market and these are baseless assumptions and there is no way he is going to launch his coin unless he wants to troll the cryptocurrency space to the next level.

It was bitcoin whom he hyped first and he was successful, I think he already planned everything as he understands that once bitcoin pumped and create a new ATH, then altcoins season will come, and with that, he can start hyping an altcoin of his choice, and one that gains the major attention was DOGE.

We all know what he is up to the crypto space, just like the other manipulators, they are here to make money, and that would not be possible if we will not follow them, but as of now, I can tell we are still following him as we are still moved by the news and speculation whenever Elon is involved.

[livingfree]

That will become a popular pump and dump coin. I see that some developers have already made their coins named after Elon.

They know the hype is for real when this guy is involve with their projects but they're also aware that such projects won't remain for long. It's just because of his name is very popular.

The advantage is there for the unusual type of investors.

I agreed on your statement Sir, there are a lot of dev. recently who made their own coins where it was under the name of Elon Musk because
they knew the name of ELON MUSK has a big impact in the social media where for them it will gonna be an easy way for them to get profit during the time where Elon was to noisy in the crypto space and the social media.

You don't have to call me sir, mate. 

They know that his name is attractive and influential and that's why if there are new coins that has been made out of it, your choice whether you want to invest on it or not.

As long as you know how to trade, buy it at low and selling it at high.

[btcltcdigger]

if he does that, i expect it to go 2 ways

one way will be that it will be a meme shitcoin, like elon himself

the other possibility will be that he tethers it to Tesla, and then we might see value in it

[aioc]

The name and personality of Elon musk has been trending lately, for good and bad reasons. Some blame him for the recent down in price of btc with his recent tweet, some suspect that he has a plan to manipulate the market to the favour of doge coin which he has recently been a strong advocate for.

What if Elon musk takes this opportunity of popularity and influence to start and launch his own coin to the market?

Do you think an altcoin created by Elon musk will do well in the market?

If he still has the influence and he can get the best developers in the industry, yes there's a big possibility that the coin he created will be a big success, there are already coins that are on his name one of them is Eloncoin created by lighlord it is a staking coin it is not yet in the market it is now in the build up process let's see how it will perform in the market.

[Oilacris]

if he does that, i expect it to go 2 ways

one way will be that it will be a meme shitcoin, like elon himself

the other possibility will be that he tethers it to Tesla, and then we might see value in it

For sure it would really be having those kind of probabilities on where he would tied up his coin.The question is would the public or the community will support such thing? For sure the thing we do have in mind

is that people wont be taking the risk but honestly i would say the different thing because whatever or no matter how we do hate him because of the things that he had done in the past but there are still people

would really be pulling out some funds into their pocket and would support this shitty coin.They do know that this can be huge or not  since Elon is something you cant just ignore as an influential person.

[jatin729]

Hehe, Elon coin's will be like Tesla token though. Great idea, He will probably create cryptocurrency to support tesla purchase. He won't require any marketing just one tweet can lead to sold window.

[indah rezqi]

The success rate of a coin is highly dependent on the enthusiast and this is the basic formula. The emergence of a new coin in the market will have its own impact, whether it is positive or negative. But what we need to know together, Altcoins like Ethereum will not have a negative effect even though other Altcoins appear on the market.

[semobo]

It has chances to get more attention and the demand for the person who is behind the cryptocurrency is Elon Musk like what happened with BNB backed by Binance but if the project wants to survive longer then it should have an clear idea about the future goals to reach.

[Tumanggor]

Elon Musk can't make his own coins anymore because lightlord already did that (ELON COIN) #just_kidding
I am very sure that if Elon Musk issued his own coin then many investors would manipulate it

Just look at what happened to the coin meme that Elon tweeted, instantly the price went up, very full of manipulation
there are still many pathetic whales trying to manipulate the coin memes tweeted by Elon, and they do it for their own pockets

[viananda2525]

Elon Musk can't make his own coins anymore because lightlord already did that (ELON COIN) #just_kidding
I am very sure that if Elon Musk issued his own coin then many investors would manipulate it

Just look at what happened to the coin meme that Elon tweeted, instantly the price went up, very full of manipulation
there are still many pathetic whales trying to manipulate the coin memes tweeted by Elon, and they do it for their own pockets

it depend what project Elon Musk will build, is it just like a meme coin or maybe he will build really usefull project for cryptocurrency market ecosystem. If he still shilling meme coins and build the same type of coins, i am confidence to say it will have no huge investors except whales group that help him. A person with huge reputation in tehnology developtment should build a better crypto project for better future , like he did in tesla.

[DeathAngel]

It’d just be another centralized shitcoin or a bitcoin fork or something ridiculous. Sure you might make a bit of profit on it as a quick pump & dump but it’s definitely not something I’d be interested in. Especially with Musk’s behaviour in recent months regarding crypto, I’d rather this never happens.

[tersek]

I just laughed when crypto investors listened to what Elon Musk had to say and even made him their investment advisor. If Elon Musk issued his own coin, only a moron would buy it.

[criket]

For some reason if it's from Elon Musk personally it looks like it's going to get a bit of support, because many of the cryptocurrency community already mark Elon Musk as a market manipulator.

After what Elon did to Dogecoin I think there are still many who follow him on social media. but some of course have realistic thinking that Elon is also toying and manipulating the market with his own will.
I hope anyone who follows Elon, please think wisely. because the situation may not be favorable for you.

[marilynmanson21]

I don't think "elon" will make his own coins, what's more, Elon is a rich person who owns bitcoin, maybe it's enough that he randomizes market prices, with a few tweets and there are also several reasons such as the cryptocurrency community has marked Elon  as a manipulator market

[ChiBitCTy]

I am embarrassed to admit that I was once was an Elon "fan boy", so to speak.  When he started attacking bitcoin, shortly after he was praising it, I started to look a little deeper in to what type of person he really was. I would highly recommend that if you want to know the truths about Elon, not the bullshit lies he's been telling us for years, then check out this two part documentary - https://www.youtube.com/watch?v=c-FGwDDc-s8 .

Elon is a manipulate fuck, and he damn well knew this whole time about bitcoins impact on climate aspects.  I believe he had it in mind all along that he was going to create his own coin ( using proof of stake so he could be the controlling wallet(s) ). 

[tsaroz]

If Elon Musk led the colonization of Mars, we can expect Mars to be the first known planet to have a crypto coins as the only means of transferring value. He would most probably build his own coin and few more as keeping Mars on the same internet as Earth would be difficult due to the delay. And the Martians would have no other choices than to use it. Even if Elon brought a coin on earth, I'd blindly buy it.

[leatutz]

Elon Musk can't make his own coins anymore because lightlord already did that (ELON COIN) #just_kidding
I am very sure that if Elon Musk issued his own coin then many investors would manipulate it

Just look at what happened to the coin meme that Elon tweeted, instantly the price went up, very full of manipulation
there are still many pathetic whales trying to manipulate the coin memes tweeted by Elon, and they do it for their own pockets

Now Elon Musk hasn't enough reputation to launch his own altcoins. New altcoins launch isn't easy, we know that already revealed so many ideas and Elon musk doesn't have the proper reason to launch new coins. Again Elon musk promoting other altcoins, there is a low chance to launch new coins. Funds rise could be another problem. Which coins will he support to accept?

[dunfida]

Elon Musk can't make his own coins anymore because lightlord already did that (ELON COIN) #just_kidding
I am very sure that if Elon Musk issued his own coin then many investors would manipulate it

Just look at what happened to the coin meme that Elon tweeted, instantly the price went up, very full of manipulation
there are still many pathetic whales trying to manipulate the coin memes tweeted by Elon, and they do it for their own pockets

Now Elon Musk hasn't enough reputation to launch his own altcoins. New altcoins launch isn't easy, we know that already revealed so many ideas and Elon musk doesn't have the proper reason to launch new coins. Again Elon musk promoting other altcoins, there is a low chance to launch new coins. Funds rise could be another problem. Which coins will he support to accept?

Doesnt have enough reputation? Dont think so.

If other coin owners could create their own altcoin or even a noob who can simply create their coin and launch into the public via ICO is possible then how much for the richest man in the world?

He is more known in terms of popularity and fame which would be the main factors that could give out advantage for its coin to be launched on getting significant impact or possible for it to be adopted
or recognized.

This man is very influential and come to think on his own tweets could neither shake off or enhance the market.What if he launched his own coin? We cant tell but we do already
have the idea.

[gurunanakji777]

If we assume If he creates his own coin I believe his coin will do good in the market because still many of the investors and traders are influenced by him but I think its coin will end up like a pump and dump coin because he usually tweets without thinking that what are the consequences of his tweets he should tweets while keeping in mind that millions of people are depending on crypto earning but he usually says quickly whatever comes to its mind and that's not good sometimes whether his intentions are good.