Making investmets based on Elon Musk Tweets

[ConnerDalfino]

Unpopular take but this is inevitable as bitcoin grows. Say the ultimate theory of hyperbitcoinization comes to pass in 20 years or something. Do you think everyone owning bitcoin is anarchist intellectual fighting the good fight? No... Bitcoin is going to be like water to the fish that swim in it, and 99% of the people won't care about it beyond that.

People buying bitcoin due to Elon's tweets will come and go and cause volatility, but it's an inevitable step in the larger journey of this technology. Gatekeeping will only cause your own blood pressure to go up, so I'd just make sure I got my keys in a safe place, buy the dips that result from these sudden adoptions and go with the flow.

Also, every newbie who comes along because of Elon has a chance to evolve into a lifelong holder. In the short term, it can be annoying but in the long term, it'll strengthen bitcoin.

What are your thoughts?

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[btcsmlcmnr]

Your investments need to be made from and backed by

Your due diligent research to get the info you need about projects that you are interested in for investments.
Your risk management for your capital. No loan, no borrow, no margin, no leverages.
Your ability to be determinant with your investment choice, to not be affected by tweets, news.
Your ability to control your greediness that you and all of us have. If your are greedy with the crowd, you will most likely end with loses.

Be fearful when the others are greedy. And be greedy when the others are fearful.
It is a classic saying in financial market. The most famous speaker is Warren Buffet.

[mk4]

The Elon thing is bitter-sweet. He's bringing a lot of participants into Bitcoin and cryptocurrencies in general, but it's in exchange for a lot of them going to get burned. Is the temporary spike in publicity worth the bad taste some of them will have? Probably, probably not; but whatever— markets gonna market, dumb people are going to do dumb things, and all this stuff will just be small blips in the long term.

[Pmalek]

Also, every newbie who comes along because of Elon has a chance to evolve into a lifelong holder. In the short term, it can be annoying but in the long term, it'll strengthen bitcoin.

I like that part of your post that I bolded. Every newbie who gets inspired by Musk to purchase his first coins might like his new financial independence and decide to hang on to it and get more involved in crypto. People like Musk are manipulators. As soon as people understand that they are using you as a tool to increase their own wealth, you will understand why my statement is true. They need you and the masses to buy, so that they can sell. When you sell due to short-term losses, they will use the profits from their previous cycles to buy back your coins.

Look at John McAfee for example. People were hailing him as a crypto mastermind whose goal was to help the regular Joe earn a living with ICOs. Turns out, he was paid by those same ICOs he was shilling to bring them closer to the general public. Manipulation of the masses.

[Lorence.xD]

You have to be there before the tweet happens though since by the time the tweet was published, I think that it is already too late. Also, it will be difficult but really profitable if you were ever to buy one coin that he was supposedly supported.

[NeuroticFish]

What are your thoughts?

Bitcoin price growth is basically guaranteed by its scarcity. There was demand for Bitcoin before Elon's tweets, there was awareness also before Elon's tweets. So what did Elon change? Imho nothing.
Newbies would come in anyway because of the bull run and the idea of easy money is always appealing. Some will understand Bitcoin, some will not. Some will profit, some will lose. And all happens with or without Elon's tweets.

So just try to understand Bitcoin (DYOR) and invest based on your knowledge.
And keep in mind that even though this or that is public figure, his declarations are not made for you to profit, instead it's for them to profit.

[acener]

The Elon thing is bitter-sweet. He's bringing a lot of participants into Bitcoin and cryptocurrencies in general, but it's in exchange for a lot of them going to get burned. Is the temporary spike in publicity worth the bad taste some of them will have? Probably, probably not; but whatever— markets gonna market, dumb people are going to do dumb things, and all this stuff will just be small blips in the long term.

I agree with this more of those participants would surely lose some of their money because of their ignorance and greed,
But for those who could understand what they are investing they would surely see it as a blessing because Elon gave them financial freedom and gave them the power to earn freely on their own time.
The price that they would lose could be earned again if they would just stick and understand cryptocurrency so it is all worth it for them and it is better for the market since we would get more people to stay.

[zanezane]

I think a lot of people with a lot of money are doing that kind of thing so it isn't an original idea plus they have the tools to access the trades early so they can get maximum profit before the tweet happens. This will be difficult for us simple people since we aren't always active on social media platform checking every minute what coin Musk is planning to pump.

[buharikx31]

Unpopular take but this is inevitable as bitcoin grows. Say the ultimate theory of hyperbitcoinization comes to pass in 20 years or something. Do you think everyone owning bitcoin is anarchist intellectual fighting the good fight? No... Bitcoin is going to be like water to the fish that swim in it, and 99% of the people won't care about it beyond that.

People buying bitcoin due to Elon's tweets will come and go and cause volatility, but it's an inevitable step in the larger journey of this technology. Gatekeeping will only cause your own blood pressure to go up, so I'd just make sure I got my keys in a safe place, buy the dips that result from these sudden adoptions and go with the flow.

Also, every newbie who comes along because of Elon has a chance to evolve into a lifelong holder. In the short term, it can be annoying but in the long term, it'll strengthen bitcoin.

What are your thoughts?

Indeed as I see it could be different every cycle this year it's Elon tweets next time would be something else that will speculate the price. I compare it to Forex market sometimes the news aren't that valuable, but still the price are changing highly to one direction by someone, so here we have the same situation with cryptocurrency that can be manipulated by some individuals, as we can remembmer at 2015 when ICO's where really popular campaigns which had some celebrities on them got some preety nice prices after the ICO and even I joined them, but they all went down in price unfortunatally but really obvious the expect that to happen time and time again media are really impactfull right now

[ranochigo]

If Bitcoin only becomes popular because some popular personality tweets or endorse it, then Bitcoin is useless. Bitcoin's value should come from its features and possibly adoption. Anyone that is able to manipulate the market like Elon Musk is terrible for the growth of Bitcoin; Bitcoin should not be a speculative asset whose value is dependent on others. Its value should come from its viability of day-to-day transactions and not from the fact that people believe that it is a good investment.

Having people like Elon Musk interfering with Bitcoin's market forces as he wishes is not good for Bitcoin, unless you're investing in Bitcoin specifically to get rich in fiat.

[lionheart78]

Elon Musk is one of the most successful figures in the Business industry so it is not a surprise that he has a huge influence when it comes to investment.  With just one tweet or hit, people will follow it because people think that it won't go wrong since Elon Musk states it.  Their success in the business institution gives them greater power or greater influence since they had proven that they know the way and had reached the goal.

[isaac_clarke22]

~

Back when McAfee was popular due to his challenges that he will eat his...thing, though I know that's just a joke, I never even thought that he was like pushing  or hyping people to invest in Bitcoin. He was just like a troll for me in the internet when he started popping up in the discussion here around the forum.

Some people should consider their decisions in life if they're purely doing their decision based on celebrities or truly from their own.

[Jawhead999]

It's better to change "investments" with "trading" because it's only a hype or FOMO that will only for short time. Of course you will get either profit or loss, depend of the tweets made by him.

To be honest Elon Musk didn't suggest people to buy Bitcoin, Doge or any token he will tweets, he's just trolling and make fun with the market. However, many people are take too seriously about his joke and start rely with his advice especially newbie.

[hannahB4]

What is happening cut across of spheres f life for someone who decides that his or her life actions will be dictated by another person. You stand for what you believe in irrespective of whatsoever happens. The advice to buy these dips is good for anyone who cares to listen, newbie just needs to be extra cautious this time around.

[AicecreaME]

The Elon thing is bitter-sweet. He's bringing a lot of participants into Bitcoin and cryptocurrencies in general, but it's in exchange for a lot of them going to get burned. Is the temporary spike in publicity worth the bad taste some of them will have? Probably, probably not; but whatever— markets gonna market, dumb people are going to do dumb things, and all this stuff will just be small blips in the long term.

Exactly.

Elon is the biggest whale of Dogecoin and a whale for sure on Bitcoin as well. If people are gonna get hyped as well just because of his tweets, bless them to make a good decision on when to exit the market of whatever they bought just because of someone's else's decision. I guess many people would be trapped and would get buried on DOGECOIN and SHIBA-INU because it's all just meme coins in my opinion.

[Gozie51]

Whether Elon musk tweet or not pushing people to buy, I don't see any wrong or ass licking on that if they buy in the dip to wait for another turn of bull. The business sense is more appropriate to buy in the dip and so if that happens because musk tweet is same as same and nothing more to it, just a prompt business decision.

[AbsentMinded]

This is very risky strategy, you can get burned because of this, there is a lot of other strategies that can make you money in a long run.

[irsykes]

If me, but disclaimer this is only personal opinion. Because we already seen it so many times, about influencer or maybe big people who talk about crypto, it suddenly rising. If me i will take that as advantage maybe buy some with small portion of my capital, and after rising we can sell it. If they turn back and say bad about it, and we already hold good coin like bitcoin, just hold it especially if we're still in position that we can afford to lose.

[Asuspawer09]

Unpopular take but this is inevitable as bitcoin grows. Say the ultimate theory of hyperbitcoinization comes to pass in 20 years or something. Do you think everyone owning bitcoin is anarchist intellectual fighting the good fight? No... Bitcoin is going to be like water to the fish that swim in it, and 99% of the people won't care about it beyond that.

People buying bitcoin due to Elon's tweets will come and go and cause volatility, but it's an inevitable step in the larger journey of this technology. Gatekeeping will only cause your own blood pressure to go up, so I'd just make sure I got my keys in a safe place, buy the dips that result from these sudden adoptions and go with the flow.

Also, every newbie who comes along because of Elon has a chance to evolve into a lifelong holder. In the short term, it can be annoying but in the long term, it'll strengthen bitcoin.

What are your thoughts?

I mean it works, we can't deny that Elon Musk's tweet has a big effect on the market as we can see Elon Musk can pump and dump bitcoin using his tweets.

It's kinda risky but if you know what you are doing I think you could pretty much go in make a profit and get out in an investment depending on Elon musk tweets, but it wasn't always guaranteed since the market is difficult to predict so you don't know if the market is gonna crash or pump, it might react differently just like what happened to the DOGE coin.

I've read a lot of tweets where they lose everything of their money because they invested it in DOGE coin which is already too risky because it is a meme coin. So I guess you could still follow Elon tweets but don invest YOLO everything.

[Renampun]

those who invested in crypto because they saw Elon's tweet = newbie...

With more than 50 million followers on Twitter, I'm sure many are investing in crypto, especially doge because of Elon's tweets. they have absolutely no experience and definitely cut losses when the market is bearish, they are very stupid for investing based on someone's tweets.