Freezingel
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May 22, 2021, 05:53:34 PM |
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That will happen when people see that his tweets are not relevant again, or that they just get tired of him appearing every single time and decided to ignore and stop following him. However, as long as there are still people reading his tweets, believing his words and act the way he intended to, then his tweets will still have the power to pump or dump the coin, or at least affect it in some ways. We just need to be more careful and smarter and just take everything with a grain of salt.
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The Cryptovator
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May 22, 2021, 05:54:13 PM |
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By the way, Elon Musk got another tweet a few hours ago and we saw how the market reacted. Bitcoin pumped around 1-2% after the tweet was published recently.
I saw this tweet, but I don't think it has any effects on the market. 1 or 2% nothing for Bitcoin, it would change within seconds. Doesn't necessarily consider that to happen due to his tweets. It's true many traders following him to get an advantage, but slowly his influence will reduce from the market if he can't set his mind. If he continues this kind of controversial tweet then very less people will follow him. He is trying to push Doge somehow and he succeeds as well. But if he expects the doge to surpass Bitcoin then he is a made. Doesn't matter either Tesla except for Bitcoin or not, but the matter is he is manipulating the markets and taking out billion dollars from here. That's the real concern. Hope soon his influence from the market will end but don't know when.
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iamsheikhadil
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May 22, 2021, 06:05:34 PM |
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He's really being very unpredictable, and while a few days ago I was believing he was kind of anti-crypto smarta.., using his influence to make profits, now I kind of think he is trying to actually manipulate crypto (not monetarily) but is trying to have an impact on the system itself, because when he made the statement that Bitcoin won't be accepted because it's not environment friendly, he didn't attack the fundamentals of Bitcoin itself, maybe he's going to add his brain to make the revolution more powerful? Maybe he can add something good in the already goody decentralized system with some new technologies? He's being very unpredictable, but as always, he's an inspiration for me.
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ivankoh
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May 22, 2021, 06:38:15 PM |
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Fo me, this is one of the reasons why we can tell we are still in the early days of cryptocurrency since 1 twitter personality can make the price move like this. Elon Musk is like John Mcafee of 2017. But Elon Musk is a bigger person compare to now, that's why we can see really huge effect on the market. By the way, Elon Musk got another tweet a few hours ago and we saw how the market reacted. Bitcoin pumped around 1-2% after the tweet was published recently. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F8O44E94.png&t=665&c=2XxETUIMmANnVw) Elon Musk has been almost boycotted a lot lately. I realized CZ unfollowed Elon after a huge hit with the last tweet I noticed when he dragged Fiat into the crypto wars and showed his support for crypto. . He did the right thing, it's not just the exception in this situation, and let's see the state of the market, but I don't think BTC can wick up that fast again.
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ChrisPop
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May 22, 2021, 06:49:02 PM |
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I recognise I used to admire Musk for his impactful entrepreneurial activity. Now, my respect for him dropped like a rock especially because he is manipulatively expressing his opinions. He has freedom of speech like any of us, but IMO a person with such a huge following and influence should use much more disclaimers.
Anyway, in an ideal world we shouldn't put much weight on anyone's opinion. No matter his financial status.
Wealth does not equal wisdom or expertise and certainly it does not represent a crystal ball.
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serjent05
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May 22, 2021, 07:00:13 PM |
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Market needs to be matured to get out of such shits. Of course, it will be eventually. I can assure that Elon can have no influence in the next bull run . There was time, a post from McaFee means huge. He has no more power now and people realized that he is a shill. So does Elon too. People will realize that eventually.
It is quite hard for the market to be "Matured" as the ones behind those trading numbers are people and people got emotion, wild imagination, and lots of speculative thinking. It is obvious that any celebrity or known people will have an impact on the market so it is quite hard to stay idle when one big icon starts hyping or fud'ing the market because the FOMO will always kick in.
I also think that many crypto enthusiasts are quite unhappy with Elon Musk so many of these people will try not to listen when he(Elon) say something with regards to crypto trend.
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GeorgeJohn
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May 22, 2021, 07:06:36 PM |
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Being one of the famous personality around the world, Elon Musk is using his tweets to pump up the doge coin. I can't say that he can dump bitcoin alone with his tweets because there are other big players involve in it too but for dogecoin, he is single handly pumping with his tweets. But this cannot continue forever. Sooner or later, his tweet will have no effect on the prices.
Really his tweets is having existing effect in all the coins, but the problem is that it will not last for a long time, from what am observing right now i can see that Elon musk is trying to concentrate with a particular cryptocurrency and bring others down, so from the look of things even though Elon keep on emphasising on the down fall of Bitcoin i don't really think it will be possible for long period. See it's obvious and very known to people that irrespective the amount of pumping of dogecoin no time doge coin will be use to relate or compare to Bitcoin, ok, let assuming that Bitcoin does not have values today, can alternative coin's survive or accelerate in all ramifications increment without the existence of Bitcoin, from other perspective Bitcoin is like the alpha and omage of all cryptocurrencies.
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Rengga Jati
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May 22, 2021, 07:34:22 PM |
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Again and again, he will be always tweeting about crypto and many people will only follow and get FUD to panic. Yeah, this is the power of someone big and popular, rich and has everything. And probably with that kind of tweet gain, it relly reflects the condition.
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GideonGono
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May 22, 2021, 08:00:37 PM |
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Well good for the market and the people to finally learn something. He has been creating chaos on crypto by tweeting it is about time that people learn to ignore him and continue on their lives, I hope it is permanent not just for his first couple of tweets while BTC is having a hard time.
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Ultegra134
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May 22, 2021, 08:36:42 PM |
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This clown can post anything he wants. People still follow him like sheep. I'm tired of people who don't use their own brains and wait for some magic tweet from Mr. Musk; these will be the first to be brain chipped by their master. Be careful, this clown has long term plans with all of us. If you're gonna be one of his sheep it's up to you only.
People follow him because his actions have an immediate effect on the market, thus, it's an earning opportunity. We've all seen what happened with Dogecoin. Judging by what I've noticed, there are two kinds of people, those who follow Elon and similar influencers like sheep, and those who take advantage of the situation for their own profit. Thus, I can't really judge those who follow him, most do it for their own personal gains. It's only Elon Musk to blame in this situation.
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Slow death
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May 22, 2021, 08:51:27 PM |
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Sooner or later, his tweet will have no effect on the prices. I wonder when that time will come ? look at the current price: $38,000 and is struggling to stay above $38,000, so why didn't the price fall below $30,000? because more people are buying each time the price drops a lot. this means that elon musk no longer has that great power to cause the price to fall below what it is, because people will be buying whenever the price drops a lot People follow him because his actions have an immediate effect on the market, thus, it's an earning opportunity. The most ridiculous thing is to see many people creating altcoins with dog names in the hope that elon musk will also support such altcoin with dog names
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DoublerHunter
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May 22, 2021, 09:00:58 PM |
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Well good for the market and the people to finally learn something. He has been creating chaos on crypto by tweeting it is about time that people learn to ignore him and continue on their lives, I hope it is permanent not just for his first couple of tweets while BTC is having a hard time.
^ Hopefully that will happen because I don't know why these people keep following in what Elon Musk Tweet. It is clear that he was manipulating the market using his power and probably now people will realize his tricks in the market and all of these will stop and his tweet will no longer have an effect on the people. People will realize soon that all of these are for the sake of his personal gains and most of his tweet it seems he really need money and becomes greedy or very clever businessman that using his power and money just to earn more.
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judas
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May 22, 2021, 09:04:38 PM |
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Being one of the famous personality around the world, Elon Musk is using his tweets to pump up the doge coin. I can't say that he can dump bitcoin alone with his tweets because there are other big players involve in it too but for dogecoin, he is single handly pumping with his tweets. But this cannot continue forever. Sooner or later, his tweet will have no effect on the prices. I wonder when that time will come ?
I really hope that he loses his power to manipulate the market. Because people are getting angry with him much more as long as he continues to do the same. But I don't know if it is possible too see Elon Musk not being able to have an impact on the market anymore.
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Lordhermes
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May 22, 2021, 09:33:41 PM |
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Well good for the market and the people to finally learn something. He has been creating chaos on crypto by tweeting it is about time that people learn to ignore him and continue on their lives, I hope it is permanent not just for his first couple of tweets while BTC is having a hard time.
You have to understand that nothing last forever, no matter what you do, people will always find ways to ignore your plans and character, Elon is already loosing followers and breaking their trust in him especially me, let's just have to understand the purpose of bitcoin as decentralization likewise market supply and demand as one of the major reason for coin movement, hype only terminate and mislead the market price to something unpredictable.
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pinggoki
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May 22, 2021, 09:38:55 PM |
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Being one of the famous personality around the world, Elon Musk is using his tweets to pump up the doge coin. I can't say that he can dump bitcoin alone with his tweets because there are other big players involve in it too but for dogecoin, he is single handly pumping with his tweets. But this cannot continue forever. Sooner or later, his tweet will have no effect on the prices. I wonder when that time will come ?
To be honest, Elon Musk was really a famous person around the world and we clearly see on how he manipulate the dogecoin just by his own tweets and as we noticed due to the market crash it affects the value of bitcoin in which the bitcoin dumps so hard but I am agreeing with your thoughts that even though Elon Musk will tweet about bitcoin, it may not affect it because we all know that there are a lot of bigger people in bitcoin who has a lot of holdings than Elon so this means that even he tweets about bitcoin it may have an little effect on the price but not totally he can manipulate the value of bitcoin.
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acener
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May 22, 2021, 09:53:05 PM |
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Elon Musk is like John Mcafee of 2017. But Elon Musk is a bigger person compare to now, that's why we can see really huge effect on the market.
This is how I really see him and for sure sooner or later he would also be seen as a clown of crypto who pursue Dogecoin to develop and push the price higher. You are right about it the difference between Mcafee and him is that he is really rich and powerful compared to Mcafee, And also he still haven't made any bold statement or bet like what Mcafee did I would surely wait for something like it.
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Oilacris
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May 22, 2021, 10:03:05 PM |
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Being one of the famous personality around the world, Elon Musk is using his tweets to pump up the doge coin. I can't say that he can dump bitcoin alone with his tweets because there are other big players involve in it too but for dogecoin, he is single handly pumping with his tweets. But this cannot continue forever. Sooner or later, his tweet will have no effect on the prices. I wonder when that time will come ?
We would really be heading there on where people had heard enough and realized enough on things that the market isnt really just running or rolling in the hands of a single person. People would realized that on where those words and tweets wont really be relevant anymore and its true on what others been saying that this guy would turn out to be an another McAfee on these years where everytime this man would be talking into something then its just basically been ignored.
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Viscore
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May 22, 2021, 10:46:06 PM |
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Being one of the famous personality around the world, Elon Musk is using his tweets to pump up the doge coin. I can't say that he can dump bitcoin alone with his tweets because there are other big players involve in it too but for dogecoin, he is single handly pumping with his tweets. But this cannot continue forever. Sooner or later, his tweet will have no effect on the prices. I wonder when that time will come ?
We would really be heading there on where people had heard enough and realized enough on things that the market isnt really just running or rolling in the hands of a single person. People would realized that on where those words and tweets wont really be relevant anymore and its true on what others been saying that this guy would turn out to be an another McAfee on these years where everytime this man would be talking into something then its just basically been ignored. Elon Musk will eventually loss its power and maybe by that time crypto market has matured enough. I'm not against with Elon at first but when he start tweeting bitcoin negatively and then the market reacts, that's the time i felt quite worried. This man is clearly making us all fools and trying to put him on his own pocket for his hidden goal. Elon Musk is definitely a big whale in the market right now that starting to manipulate the market. But just how crypto market is unpredictable, then we should be used to it now even if Elon will have no power anymore.
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Kemarit
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Fully Regulated Crypto Casino
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May 23, 2021, 12:07:16 AM |
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Being one of the famous personality around the world, Elon Musk is using his tweets to pump up the doge coin. I can't say that he can dump bitcoin alone with his tweets because there are other big players involve in it too but for dogecoin, he is single handly pumping with his tweets. But this cannot continue forever. Sooner or later, his tweet will have no effect on the prices. I wonder when that time will come ?
I really hope that he loses his power to manipulate the market. Because people are getting angry with him much more as long as he continues to do the same. But I don't know if it is possible too see Elon Musk not being able to have an impact on the market anymore. I don't think that people are getting angry, but he is annoying as f**k. Totally making a 180 turn against Bitcoin and now it seems it is biting him back as people are losing interest on him and his tweet is not that powerful anymore specially if he goes and attack Bitcoin again. And later he will find out that he no longer has that influence, he might resort to different tactics though, so better watch out for him. Much better to just ignore this billionaire, so that you won't be affected personally.
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chshlo1
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May 23, 2021, 12:32:24 AM |
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Yes, I am particularly disgusted with him now. ![Cry](https://bitcointalk.org/Smileys/default/cry.gif)
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