A common enemy in the crypto world--Elon Musk!

[Docbee]

Elon Musk bought BTC some time ago, saying that BTC has various advantages;

But when he now cleared the warehouse after making money, say BTC all sorts of bad, which caused the extreme panic of the market.

I hate him！


But how could we do?
In my opinion, on the one hand, we should hold on to BTC. On the other hand, as practitioners, we should continue to discover and create high-quality blockchain projects, so that the blockchain industry can be recognized by more people.

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[Luffygroove]

I don't like his guts either, I didn't follow the flow that he made and never interested in the hype caused by him. I always see cryptocurrencies as an answer to the future never about a pump and dump scenario. However, I can't blame him because of all of this. What makes me wonder is more like "why is it so easy for certain people to make the crypto world upside down merely because of a tweet?". The Crypto community needs to look at this and do some introspection. Is it this easy to make the crypto world flip-flop?.

[Skinny48]

Follow his threads and make money, do the same thing he is doing (taking advantage with his millions) and dump when you see the chance, the man is already on his way to ruined reputation, he will end up like John McAfee, this ain't robot, electric cars and space shit, this is blockchain and crypto, something he never learned anything about

[_IRMAN]

Elon deliberately plays the market, we don't need to panic, we should just follow the game. If we panic it will only create losses, but if we can keep up with the game, we will make a profit.

[Psynthax]

Not an enemy if people didn't put too attention to his tweet, to be frank tesla's bitcoin holding wouldn't have any significant influence to the market if it's not for the fud that elon is spouting every day, not to mention the sign is already showing when people just blindly follow or make their financial decision based on elon's tweet so it could open a big opportunity for elon to crash the market by simply tweeting something.
remember that behind his every tweet there's definitely some ulterior motive that's unknown to people otherwise it will fail, he could be fudding bitcoin at the mean time and the next month he could increase his company's btc posession.

[Stanlo]

Follow the man and make some money but be rest assured that the end will be devastating, there are many like Musk in 2017 and all the projects they hyped end up bringing massive losses to those who treat them projects like real gold, be smart because that's what all billionaires use as tools to move Futher

[WalkerIVIV]

Don't panic everything will be fine. Crypto has proven that if it can counter dump worth billion of money. Bitcoin as a coin with the biggest liquidity in the crypto can counter it. Im sure that tesla will never try to sell their bitcoin at the loses. I think that if you are a part of old crypto users and you might have experienced with the EOS story.
EOS raised 5 billions worth of ethereum and it was dumped to the market a few years ago and this time ethereum can still exist even with the 5 billion dumps from EOS.
I hope that tesla will dump their bitcoin and that will make bitcoin free from manipulation by elon.

[bakasabo]

I hate him！

You are the great example of how easily people can change their shoes. Few months ago, when thanks to Elon Musk Bitcoin showed significant growth, people praised and loved him. But right after he tweeted about Tesla stop to accept Bitcoin as a payment, he instantly becomes a persona non grate or an outcast.

This is market. Price goes up and down. Get used to it my friend and try to get resistant to such drops. It was obvious that Bitcoin would change price direction any soon. Musk has just made a step, but panic sellers started to run from crypto.

[bhadz]

Hold on to btc no matter what Elon Musk says. And there's a new confirmation from him through his twitter that says Tesla hasn't sold any amount of bitcoin. Look at the guy, he loves to play the feelings of everyone and if you're having a weak heart then it's not for you. Just avoid the world of twitter and focus on your holdings. No need to look at any update unless you're a day trader who relies on the market news and issues in circulation.

[Henrobakkara]

I hate him！

This is market. Price goes up and down.

You are right and we understand this but that doesn't mean that Elon did not try to manipulate the market because it is free space which is my biggest concern here. How could he with his so called intellectuals not understand how and what made Bitcoin to start this kind of Fud?
Yes people will be able to make money on the down side of the market but this don't apply to all and Elon musk cannot say with Sincerity that they did not sell off the Bitcoin he bought weeks back before he made that tweet.

[OcTradism]

Elon Musk bought BTC some time ago, saying that BTC has various advantages;

But when he now cleared the warehouse after making money, say BTC all sorts of bad, which caused the extreme panic of the market.

Elon Musk has never said that Bitcoin is bad. Please stop your bad FUD.

That billionaire only said he still believe in crypto and Bitcoin. Only the mining operations at this moment don't fit the mission of Tesla and it is why he decides to stop the adoption for Bitcoin on Tesla company.

Do you need I give you some tweets of Elon Musk? You can easily get his tweets and see how he supports Bitcoin.

Have you ever thought that some day Elon Musk will set up a Bitcoin mining farm and use all energy from renewable resources: solar, winds, heat?
With a big tech company like Tesla, they can do it if they want.

It will be a new era for Bitcoin mining and will help BTC finishes its Moon mission.

To be clear, I strongly believe in crypto, but it can’t drive a massive increase in fossil fuel use, especially coal

Source https://twitter.com/elonmusk/status/1392602041025843203/photo/1

[Kabul]

He can be both a bitcoin savior or destroyer, depend on your perspective. I have earned a good amount of money when bitcoin was around $10000 and he started to support bitcoin. RIght now, I still follow his movement and tweets to see whether I should sell or buy my bitcoin. It is a good strategy to me so far

[Irazzzta]

I don't think we should hate him, but we should thank Elon Musk for inviting new people to use crypto. Even though the market is currently bearish trend and corrections, but with crypto users around the world are increasing due to Elon Musk's influence. So crypto will remain, with a lot more user foundations

[shinratensei_]

We could do nothing for that. Elon was also agreeing with the twee that already created by jack dorsey about the bitcoin was conservative and then he was denying it again.
That means if elon has an agenda for that.

After tesla already announced if the company is not even selling a single bitcoin from the market. This tweet stops bitcoin get another dump. The drama on the twitter becomes even crazy from day to the another day.

[Ecex.Exchange]

Elon Musk is just a genius. People like us need to get used to it and take what is left for us.

[Gayong88]

Just a volatile market condition in my opinion, We know that BTC is the father of all coins/tokens. if a correction occurs in BTC other coins are also corrected. well, there is something interesting in my opinion reading in your question, namely "we have to make and find a quality one"

The answer is clear, choose a fundamentalist coin/token that has a strong defense when BTC is being corrected. I think you have enough ability to choose a storm wardrobe for coins/tokens.

[mobtc]

If the virtual currency will change the trend because of a person’s tweets, then this person is really powerful.
If you want to make money, you have to keep a clear head, You always remember what choices you have to make to make money, and just buy and sell your own virtual currency without listening to others.

[yazher]

He and John McCafe have the ability to turn the crypto market upside down because of their comment on a certain coins. Unlike in the John McCafe era, Elon Musk has more strong words because of his current state in the world. his assets and successful history as a man have the biggest in fact where when he said some words, people will likely blindly follow him and that's the dangerous thing to do. because he could be just manipulating the crypto market and you will become one of the props to execute his plans.

[isaac_clarke22]

Nothing. We could do nothing, like just hodl and don't let these people affect how you hodl your Bitcoins.
It is people's reaction that manipulates the market, not Elon Musk. The media makes it look like that just because one celebrity turned the market around means that they have the full control of it.
How about people should stop reacting too much depending on the celebrities' words?

[noorammak]

The fact that Elon Musk brought us tweets brought about extreme market volatility. He abuses his speaking ability to manipulate the market and make many people lose money. That is too bad. Maybe it's time for people to wake up and return the right value of the market by stopping chasing news and encouraging shitcoin projects like DOGE, AKITA INU, SHIBA INU to grow. That will make serious development blockchain projects offended, treated unfairly. We need real projects under development to bring purity to the crypto space.