Can the market build an immune system against meddling from influencer like Musk

[Saisher]

Vitalik Bterin in a recent interview told CNN

that he believes that the crypto market will gradually build an "immune system" against such social media meddling. "Elon is not going to have this influence forever," he said. Frazzled cryptocurrency investors can only hope that Buterin is right.

Do you think or shared Buterin's views that the market will soon build an immune system and how it's going to happen, honestly we don't need people like Elon Musk who has an influence in the market.

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[Chato1977]

Vitalik Bterin in a recent interview told CNN

that he believes that the crypto market will gradually build an "immune system" against such social media meddling. "Elon is not going to have this influence forever," he said. Frazzled cryptocurrency investors can only hope that Buterin is right.

Do you think or shared Buterin's views that the market will soon build an immune system and how it's going to happen, honestly we don't need people like Elon Musk who has an influence in the market.

It's already happening mate , haven't you feel the air?


look at what he did recently , he tried pumping the market again specially bitcoin but who rides the run? manipulator and BS investors?

but the totality of market does not give a care anymore so this means people now are becoming immune from Elon Musk.

[Ararbermas]

After what happened perhaps people will not ride again with some of his tweets about cypto currency because he's the one who can really make huge profits not those people who always watching him.

Immune system? Well in my opinion if that possible maybe it's already in use since when the market rapidly increasing this year and making all time high value..  In fact how comes  traders and investors can buy low if there's such things to protect the market from manipulators? Perhaps there's no huge profits in crypto currency if that things happen.. Correct me if i'm wrong..

[unusualfacts30]

Market has always reacted to tweets in the past but only for short term. We will definitely eventually grow immune to what tweets are saying, you can already see it happening. There was this phase of major dump after negative tweets and market would take days to recover, then we moved onto phase of little dump but fast recovery. I don't see how we can grow completely immune to it as long as people are selling based on one tweet rather than ignoring it, but we will be less effected in the future.

[OcTradism]

The market can not have anything like that. It is a natural instinct of any market and crypto market is not exclusively. If it can, we don't have any influencer because they are people who can influence both thoughts then decisions of others.

Jamie Dimon, John McAfee, Elon Musk and you will have more billionaire influencers in the crypto market. If you are guys who were panic with Elon Musk, 4 years later, you will have your better immune system with FUD but other newbies who join the market in 2024 or 2025 will react as same as you in this year.

The market does not have immune system to FUD because it always has massive newbies.

[shinratensei_]

Vitalik Bterin in a recent interview told CNN

that he believes that the crypto market will gradually build an "immune system" against such social media meddling. "Elon is not going to have this influence forever," he said. Frazzled cryptocurrency investors can only hope that Buterin is right.

Do you think or shared Buterin's views that the market will soon build an immune system and how it's going to happen, honestly we don't need people like Elon Musk who has an influence in the market.

It's already happening mate , haven't you feel the air?

Im not sure if the crypto market is 100% from him. The recent tweet about the possibility for tesla to add bitcoin again already given bitcoin another 10% increase in a night.
That means if the people are still buying or selling in any tweet that created by him but it's not too much like what happened at the end of last year.
The crypto can't immune from the influencer especially a guy who has multi million followers.

[crwth]

Are you sure you don't need people like Elon? The views that he has for the world are aimed towards innovative technology is required for sure. Yeah, he influences because of his followers on Twitter, but you shouldn't be affected by this if you decide things on your own. I don't think there will ever be an immune system with the market that someone wouldn't affect. I don't get how the value of the asset would be determined with that, though.

[elda34b]

Elon or other influencer will gradually lose credibility as long as their tweet/opinion influence the market against the interest of most users. Just like how it happen with McAffee.

That being said, immunity against this kind of manipulation at all times is probably impossible unless traders and crypto investors start ignoring individual sentiment of the market.

[ryzaadit]

I guess not, is part of fundamental from what "Elon" doing because it makes an impact on everyone same as some legal action from the government. Everyone just following that fundamental, so you cannot control the market.

That's why always put SL to make sure you are safe, In the end after some of this issue has been passed the market will recover. The good things, If you sell before the price drop so much and buying on dip you have more token rather than watching the price is falling and your token/coin amount still same.

[Flowzer]

Vitalik Bterin in a recent interview told CNN

that he believes that the crypto market will gradually build an "immune system" against such social media meddling. "Elon is not going to have this influence forever," he said. Frazzled cryptocurrency investors can only hope that Buterin is right.

Do you think or shared Buterin's views that the market will soon build an immune system and how it's going to happen, honestly we don't need people like Elon Musk who has an influence in the market.

I agree that immune system will builded, but however many people will can still influence on many ways, the difference is that the influence impact would be as big as Elon tweet.

[sana54210]

Do you think or shared Buterin's views that the market will soon build an immune system and how it's going to happen, honestly we don't need people like Elon Musk who has an influence in the market.

So far it was never one person, it was almost always a group of people or companies that did this, it is the first time that we are having it as just one person and that is why it is a bit weird. I understand that people are in shock that one tweet could increase or decrease the price but this was always like that back in the day as well but instead of tweet it was just a news.

I remember a million times when exchanges got "hacked" and people sold to crash it, or had in fightings in projects, or miners creating troubles and making their own coins etc etc long story short there were always a billion things. You think Craig Wright didn't had that power? He dropped it from 6.5k to 3k in an already very dropped market, how do you think bitcoin moved from 20k to 3k? It moved to 6.5k levels, rest was all Craig, same goes with Jihan Wu and Roger ver who increased the price a ton, even that 20k was sort of them, all because they promised more bch for people who have btc. So it was always there, it is brand new that it is just one tweet.

[molsewid]

It's already happening mate , haven't you feel the air?


look at what he did recently , he tried pumping the market again specially bitcoin but who rides the run? manipulator and BS investors?

but the totality of market does not give a care anymore so this means people now are becoming immune from Elon Musk.

I do now feel the air of resistance to the meddling of Elon Musk in the bitcoin or even in crypto market. I know that everyone already knows the probable hidden agenda of Elon Musk on his tweets that Tesla company will going to accept bitcoin again to purchase Tesla car. It's obvious that he again want to prove to himself if he has a control over the crypto market, that again he can control or make a significant pump and dump in the crypto market but people now learn how to deal with it. I guess through the resistance of the crypto community it can also be called an immune system of the crypto market from any influencer like Elon Musk.

[TastyChillySauce00]

Of course it can but it all depends on the market players themselves, but definitely not completely immune against elon musk moreover if elon keep achieving great things that revolutionize the way human lives.
but, if people always figures out that either elon's shill and fud only temporarily affect the market no one gonna bats an eye anymore and his tweet become somewhat irrelevant, but remember there's always some people who trying to make profit off elon's tweet sentiment
making his influence becomes even greater like for example those bots that set buy order or sell order based on elon's sentiment through his tweet analyzation.

[FairUser]

I agree with this point of view,
One person's influence over an industry like crypto is unlikely to last long if they don't bring a lot of positive value to the market.
To me, Elon overused his influence, but it did help the market have a good time anyway.

[aprilnot]

I doubt about that. the market will always be affected when people like Musk talk about crypto and bitcoin. they have great influence because of their followers. the only thing that will happen is boredom. whenever such people talk too much, people will start to get bored.

like this time where Elon's influence has started to fade as people are tired of seeing what he has to say.

[irsada]

This market has often been manipulated by people like Elon Musk, not all of them can be influenced depending on the momentum and market situation, because basically the market has its own immunity.
we've seen a while ago that Elon Musk tried to create hype again with his Twitter about bitcoin, but it doesn't seem to have much impact, as market sentiment is at its saturation point.

[ipanks]

Maybe the market will not have to build an immune system, but traders will need to do that because if you see what happens when the traders read the news or watch videos, they tend to move at the market and try to anticipate before something worst happens to them. It is normal if they do like that because they will make sure that they do not lose much money and can still survive, even in the bloody market.

The key is in the traders. If the traders can calm down with any news that will release later, the price will not move up or down so fast instead the market will moves normally. The bad and good news will always release, but we do not have to panic because of that news.

[southerngentuk]

And we are seeing that the influence of Elon is not as strong as it used to be. There is so much going against the information that Elon gives, and indeed Elon has used influence in a bad way. I think market participants will be wise enough when they lose money and realize the right things in this market.

[Anonylz]

Lol, sounds more like creating an anti-virus to a known virus, Elon is a known virus to the crypto community and as such it is highly important to create a strong anti-virus for him
i completely agree with vitalik, the crypto community can not accommodate so much toxicity in the system, must look for a means of protection, there are several Elon out there that are toxic so a strong immune system is required. This is especially for those who are easily influenced by this virus, they need their immune system be boosted to resist any attack.

[VanDeinsberg12]

this kind of immune system only happen if the user of crypto stays the same or basically the same people using trading crypto over and over, if there's new users these kind of immunity not gonna happen, because most of people need to experience before learning

remember mcAfee? even after that people are still hugely influenced by elon, if we're talking about market immune against elon only then maybe that could happen but there's always someone else who gonna take the position to exploit crypto in the future.
best course of action to protect ourselves is not to have a herd mentality.