Elon Musk accidentally created a new cryptocurrency. WTF?

[Sethrey]

Oh, I'll stand next to you here, read the answer =) To be honest, I'm very interested in learning a little more about predicting the growth and fall of cryptocurrencies, especially such large ones as bitcoin.

Telling the truth, I still have no idea what exactly affects it. It's always caused by different reasons.. So while the market is low, it's time for investments. For example, Crypton privacy coin was listed on the Hotbit exchange recently https://twitter.com/Hotbit_news/status/1527122277711564801 It gets more and more trust and I think it will rise well when the whole market will start recovering.

[Starkick]

Oh, I'll stand next to you here, read the answer =) To be honest, I'm very interested in learning a little more about predicting the growth and fall of cryptocurrencies, especially such large ones as bitcoin.

Telling the truth, I still have no idea what exactly affects it. It's always caused by different reasons.. So while the market is low, it's time for investments. For example, Crypton privacy coin was listed on the Hotbit exchange recently https://twitter.com/Hotbit_news/status/1527122277711564801 It gets more and more trust and I think it will rise well when the whole market will start recovering.

Yes, I think you're right. Perhaps it will start to grow now, if users get tired of losing money on growing and immediately falling projects and decide to look for something else.

[Sethrey]

I don't really think it will happen right now. It seems to be stuck in the middle of its historical maximum. As all the coins somehow influence each other and in most of cases follow Bitcoin. So there's no sense waiting for a great Crypton growth before the whole market recovering. Not everyone will survive, but I'm sure in this exact coin.

[Starkick]

I don't really think it will happen right now. It seems to be stuck in the middle of its historical maximum. As all the coins somehow influence each other and in most of cases follow Bitcoin. So there's no sense waiting for a great Crypton growth before the whole market recovering. Not everyone will survive, but I'm sure in this exact coin.

It seems to me that the main problem of most of the crypto community is their desire for a quick and rapid profit at any cost. Unfortunately, it is precisely because of the thirst for fast money that many projects become hype, and then also plummet, taking users' money with them. I hope that you agree that monitoring the organic growth of the project is always the right tactic.

[Sethrey]

For sure. It's the first rule if you want to enter the crypto sphere. But usually it happens like that: someone starts a hype around the coin and people are going crazy. I have no idea what exactly causes such mass adoption of new no-name coins.. Especially while there are lots of stories about how people lose money in such way.

[Starkick]

For sure. It's the first rule if you want to enter the crypto sphere. But usually it happens like that: someone starts a hype around the coin and people are going crazy. I have no idea what exactly causes such mass adoption of new no-name coins.. Especially while there are lots of stories about how people lose money in such way.

Haha, it seems to me that users believe that this story happens to everyone, but not to them. Although, it's enough just to look into the past: I don't remember a single hype coin that wouldn't have fallen sharply after the initial growth and popularity. It's sad, but it's true.

[martina14]

I never know that Elon Must create a new token this recent time only. And you didn't mentioned what coin is that if that is true unless
its only a rumors you heard from the others. And we all know that if ever this is true surely the value of the coin that Elon will mention surely it will spike the price value in the market, due to we knew that ELON MUSK has the ability to influence the community to buy the coin He promoting in the cryptocurrency.

[Sethrey]

I never know that Elon Must create a new token this recent time only. And you didn't mentioned what coin is that if that is true unless
its only a rumors you heard from the others. And we all know that if ever this is true surely the value of the coin that Elon will mention surely it will spike the price value in the market, due to we knew that ELON MUSK has the ability to influence the community to buy the coin He promoting in the cryptocurrency.

It was meant that he promoted a new coin with his words as usual. And that coin turned out to be nothing, as it usually happens. I can't stop repeating that please do research. And choose only the projects that are already trusted. In other case there's a great chance to lose everything.

[udidrone]

I never know that Elon Must create a new token this recent time only. And you didn't mentioned what coin is that if that is true unless
its only a rumors you heard from the others. And we all know that if ever this is true surely the value of the coin that Elon will mention surely it will spike the price value in the market, due to we knew that ELON MUSK has the ability to influence the community to buy the coin He promoting in the cryptocurrency.

I think you misunderstand. Yes, Elon Musk does not generate new tokens. This is about Elon Musk's tweet last year about the shiba inu, not long after that the shiba inu was quite high on the exchange.

I admit Elon Musk is quite influential in the cryptocurrency industry. Whatever type of coin that enters Elon Musk's social media will definitely affect the coins on the exchange, regardless of positive or negative tweets, but don't be surprised because he is one of the influential figures in the world economy.

[Republikcoin.com]

It was meant that he promoted a new coin with his words as usual. And that coin turned out to be nothing, as it usually happens. I can't stop repeating that please do research. And choose only the projects that are already trusted. In other case there's a great chance to lose everything.

Maybe it's also because he still believes too much in the coin he's promoting right now so he still ignores research and also trusted projects because he's still very confident about the profits from the promotion of the new coin even though in general any profits are always harder to get for everyone. in conditions like now, especially if the product is still very new, it is definitely necessary to find investors so that product sales can increase.

[Starkick]

I never know that Elon Must create a new token this recent time only. And you didn't mentioned what coin is that if that is true unless
its only a rumors you heard from the others. And we all know that if ever this is true surely the value of the coin that Elon will mention surely it will spike the price value in the market, due to we knew that ELON MUSK has the ability to influence the community to buy the coin He promoting in the cryptocurrency.

It was meant that he promoted a new coin with his words as usual. And that coin turned out to be nothing, as it usually happens. I can't stop repeating that please do research. And choose only the projects that are already trusted. In other case there's a great chance to lose everything.

You are absolutely right. By the way, in the context of our previous discussion of the project, which is organically developing, I have good news:  Hotbit had already listed UUSD on June 7th, 2022
You can find more here: https://bitcointalk.org/index.php?topic=5343944.new#new Another exchange added this project.

[Sethrey]

Maybe it's also because he still believes too much in the coin he's promoting right now so he still ignores research and also trusted projects because he's still very confident about the profits from the promotion of the new coin even though in general any profits are always harder to get for everyone. in conditions like now, especially if the product is still very new, it is definitely necessary to find investors so that product sales can increase.

Do you think that investors are the main point for coin increase? Utopia p2p never had any investors as the project is self-financed, but the coin got +1000% in 24h after some listing on the exchange. After the next listing it didn't get so much, but it doesn't fall much trying to keep more or less stable rate. Seems like another scheme for development.

[Starkick]

Maybe it's also because he still believes too much in the coin he's promoting right now so he still ignores research and also trusted projects because he's still very confident about the profits from the promotion of the new coin even though in general any profits are always harder to get for everyone. in conditions like now, especially if the product is still very new, it is definitely necessary to find investors so that product sales can increase.

Do you think that investors are the main point for coin increase? Utopia p2p never had any investors as the project is self-financed, but the coin got +1000% in 24h after some listing on the exchange. After the next listing it didn't get so much, but it doesn't fall much trying to keep more or less stable rate. Seems like another scheme for development.

Yes, I think you are more than right. Investments are undoubtedly a very important way to develop the coin and increase its popularity, but there are also other factors that significantly affect the project and its development.

[Sethrey]

As for now, Utopia p2p holds a summer give-away and each week prize pool is 500$. That's the easiest way how to earn in the meantime. Just check their official twitter https://twitter.com/UtopiaP2P If you'll keep your winning prize, you can get even more soon. I'm sure in it.

[bakasabo]

Elon Musk will be shocked of his creativity, when he find out how many altcoin he has already created and keeps creating. I think that Elon Musk is not that much interested in cryptocurrencies to create his own cryptocurrency. As well as in none of his business own cryptocurrency can not be integrated. Moreover, it is hard for his business to adopt and start accepting crypto. He has tried it with Bitcoin, but whole idea has failed. At least I wasnt able to find any statistics of how much Tesla cars were really bought with BTC.

As for now, Utopia p2p holds a summer give-away and each week prize pool is 500$. That's the easiest way how to earn in the meantime. Just check their official twitter https://twitter.com/UtopiaP2P If you'll keep your winning prize, you can get even more soon. I'm sure in it.

Why not be fair and add that your prize is not $500, but project tokens, that are not traded anywhere, which makes your prize pool misleading?

[Starkick]

Elon Musk will be shocked of his creativity, when he find out how many altcoin he has already created and keeps creating. I think that Elon Musk is not that much interested in cryptocurrencies to create his own cryptocurrency. As well as in none of his business own cryptocurrency can not be integrated. Moreover, it is hard for his business to adopt and start accepting crypto. He has tried it with Bitcoin, but whole idea has failed. At least I wasnt able to find any statistics of how much Tesla cars were really bought with BTC.

As for now, Utopia p2p holds a summer give-away and each week prize pool is 500$. That's the easiest way how to earn in the meantime. Just check their official twitter https://twitter.com/UtopiaP2P If you'll keep your winning prize, you can get even more soon. I'm sure in it.

Why not be fair and add that your prize is not $500, but project tokens, that are not traded anywhere, which makes your prize pool misleading?

Hmm, well, why do you think so? The project has its own exchange https://crp.is/ where you can exchange the internal coin for others, for example: BTC, USDT, etc.

[Morningstarr]

It's just a clever man taking advantage of Elon Musk's words promptly for creating and then launching a new coin under that name and certainly took full advantage of it,  After all, whoever did it was very clever.

[bakasabo]

As for now, Utopia p2p holds a summer give-away and each week prize pool is 500$. That's the easiest way how to earn in the meantime. Just check their official twitter https://twitter.com/UtopiaP2P If you'll keep your winning prize, you can get even more soon. I'm sure in it.

Why not be fair and add that your prize is not $500, but project tokens, that are not traded anywhere, which makes your prize pool misleading?

Hmm, well, why do you think so? The project has its own exchange https://crp.is/ where you can exchange the internal coin for others, for example: BTC, USDT, etc.

I did not know that. Anyway, why not state that prizes will be distributed in CRP, because someone might be expecting to get USDT? For me it is hard to trust https://crp.is/ due to trading volumes and prices. Why then no one has bough CRP on Latoken for $0.20, and sold it on crps.is for $0.53 ? It is x2 out of nowhere.

What is Elon Musk connection to Utopia? Or you simply shill it in this topic?

I think Elon Musk vision of cryptocurrency is something like "fun", and as a businessman, he would never invest money into something, which purpose is just fun. This leads to never creating his own cryptocurrency. Facebook once wanted to create their own crypto, but failed. Elon learned from that.

[Sethrey]

Why not be fair and add that your prize is not $500, but project tokens, that are not traded anywhere, which makes your prize pool misleading?

You're joking, I guess? Yes, the prize is given in CRP, which is listed on 6 exchanges (CoinTiger, LBank, HotBit, Latoken, P2PB2B, Cryptex) + 1 own Crypton no KYC decentralized exchange https://crp.is/ And on the own exchange it can be converted into USDT easily. So I see no difficulties in its withdrawal.

[Starkick]

Why not be fair and add that your prize is not $500, but project tokens, that are not traded anywhere, which makes your prize pool misleading?

You're joking, I guess? Yes, the prize is given in CRP, which is listed on 6 exchanges (CoinTiger, LBank, HotBit, Latoken, P2PB2B, Cryptex) + 1 own Crypton no KYC decentralized exchange https://crp.is/ And on the own exchange it can be converted into USDT easily. So I see no difficulties in its withdrawal.

YES, this exchange does allow users to exchange coins. Moreover, the developers have finally released the mobile version! Users expected this update the most and now, the beta of the mobile version has already begun. You can take part in it available on android. More here: https://medium.com/@utopiap2p/beta-version-of-utopia-p2p-mobile-app-has-been-released-31ef9cc7bfbb