Elon Musk accidentally created a new cryptocurrency. WTF?

[Sethrey]

If an influential person like Elon enters the crypto world it can have both positive and negative impacts. the negative impact is that the crypto market can be manipulated and the positive impact can increase the price of altcoins and provide profits for many people such as doge. but even so it is not that easy to control the crypto market because in the crypto market there are many whales.

I don't see anything positive in such affection. If doge is okay even now, most of other hyped coins almost disappeared one day after they became so much popular. I prefer projects with a natural development, it gives me more trust.

[CPNpr]

The site you mentioned is inaccessible I think Elon Musk is not involved in this kind of project, there are a lot of developers tried to lure people to their project by making Elon as the frontline of so many fake projects.

Yes, I like what you said here, I think the aspects of this project are very clear with your words, so I think you have a point and what you say about this project is correct.

[iamverybusyperson]

The site you mentioned is inaccessible I think Elon Musk is not involved in this kind of project, there are a lot of developers tried to lure people to their project by making Elon as the frontline of so many fake projects.

Yes, I like what you said here, I think the aspects of this project are very clear with your words, so I think you have a point and what you say about this project is correct.

I believe that one should not underestimate the ability of a big name of a famous person to influence the promotion of a particular project. This is how marketing works, unfortunately.

[Grim149x]

dont be fool or hyope on elonmusk. elonmusk is a joker omg so many meme coin created but the meme coin now is going to zero when the musk tweet hype is over and the market is falling. don be hype bro you wioo be rekt.

[Sethrey]

I believe that one should not underestimate the ability of a big name of a famous person to influence the promotion of a particular project. This is how marketing works, unfortunately.

Do you think that many people nowadays trust Elon? Of course there will be a dozen of fools running for a new hyped coin, if this will happen again. But most of the community already know that his words worth nothing at all.

[mulia sabee]

The founder of Tesla and SpaceX, Elon Musk, again stirred up the cryptocurrency market on Friday, leaving a seemingly harmless message about his new dog.

He said that he chose a nickname for his Shiba Inu puppy. His name will be Floki. In early May, Elon Musk first announced that he intends to take a Shiba Inu puppy. Then the cost of the Shiba Inu cryptocurrency increased by 68% in an hour.

After Friday's announcement by Musk, the Shiba Inu exchange rate increased by 26%, but later corrected. However, another thing is more interesting: 9 minutes after the appearance of Musk's post on Twitter, the Floki token was created on the decentralized Uniswap crypto exchange. Within an hour, its price increased by 795%, to $0.000000001100. As a result, the growth was about 3500%.

Do you think this is another attempt to influence the crypto market? Will the project be eco-friendly, because in the case of chia, everything was not so positive? There are already green projects on the market, for example, Crypton , for mining which only needs Internet access and a PC.

Is all the excitement around the project really a hype? Like chiahype and etc.?

No its not like that, everytime elon makes a new post someone will capitalize on it and make some money from it. what i ask is that what could have made Elon musk to make a coin and not make official announcement. i believe he wont do that. we all need to use our help and make research so that we wont make costly mistakes.

[iamverybusyperson]

Do you think that many people nowadays trust Elon? Of course there will be a dozen of fools running for a new hyped coin, if this will happen again. But most of the community already know that his words worth nothing at all.

Many people are in panic now, as the market doesn't recover for a long time and they need their investments back. So I'm sure that if another hyped coin will appear, the situation will be as usual - a crowd will run for it and lose the last money they have. That's how it usually works and will always remain the same.

[Sethrey]

I didn’t seen anh relationship with elon musk to Floki token. this token created by a single person or a young team. and they make a hype on the market by using elon name. i didn’t seen any type of tweet on elon Twitter handle about Floki. so i dont think elon have any partnership or any relation with Floki token or Floki team. so be carefull with such kind of token or project

I think it was like that: he wrote about his dog, the guys created a token, then he mentioned his dog again and many crypto addicted people decided he speaks about the coin and started making noise around that. Because I don't believe that there are many of those watching after his life.

[iamverybusyperson]

I think Elon Musk trend is starting to fade. When 2021 since the arrival of Elon Musk with his testla in bitcoin brought bitcoin to a new bull market, breaking through the old bear market thus making Elon Musk the number one person in cryptocurrency at that time. However, this year, I think Elon Musk tweets have had less impact on the market. Have people started to have less faith in Elon Musk?

I think it will take a little more time. It seems to me that at the moment, any tweet by Musk on crypto topics will still make a splash.

[Sethrey]

I think Elon Musk's trend has started to fade because some of the tweets that have been released have less impact on the market now. But its influence is still there as evidenced by Dogecoin today which is still considered a coin that is fostered by Elon Musk. I prefer to take the momentum if the Elon Musk trend returns at least it can generate profits faster.

If I were you, I won't be so sure. It takes too little time to get rich and get your income on such actions. As usually hyped projects don't live long. I'd offer you to better pay attention to privacy coins as they're rising and improving a lot right now.

[gunhell16]

Elon Musk loves memes and he constantly posts memes on his Twitter handle.  And at some point he liked the Doge coin and started writing about it.  Due to this, there is a kind of spring in the crypto world.  And hype builds on meme coins.  And many scammers use this opportunity to steal a lot of money.  One such project is Floki.  This is not a legit project.  And it has nothing to do with Elon Musk

We know that Elon Musk, apart from being a popular social media influencer, is also a good businessman. And I saw in him that the strategy he made to choose meme coins was good. Just like with Dogecoin when before he posted about Dogecoin through the Twitter platform he saw that its price was very cheap so before he hyped the community on the social media platform he first bought billions of dogecoin because he knew there were many His followers will buy and crypto enthusiasts, he used his advantage of being an influencer so he succeeded in what he did.

Same with Shiba Inu, it was also cheap when he saw it, he did the same thing what he did with Dogecoin and he succeeded again. We just don't know what meme coins he will post again, which is sure that a lot of people are excited and many are waiting for that matter.

[danherbias07]

Elon Musk loves memes and he constantly posts memes on his Twitter handle.  And at some point he liked the Doge coin and started writing about it.  Due to this, there is a kind of spring in the crypto world.  And hype builds on meme coins.  And many scammers use this opportunity to steal a lot of money.  One such project is Floki.  This is not a legit project.  And it has nothing to do with Elon Musk

We know that Elon Musk, apart from being a popular social media influencer, is also a good businessman. And I saw in him that the strategy he made to choose meme coins was good. Just like with Dogecoin when before he posted about Dogecoin through the Twitter platform he saw that its price was very cheap so before he hyped the community on the social media platform he first bought billions of dogecoin because he knew there were many His followers will buy and crypto enthusiasts, he used his advantage of being an influencer so he succeeded in what he did.

Same with Shiba Inu, it was also cheap when he saw it, he did the same thing what he did with Dogecoin and he succeeded again. We just don't know what meme coins he will post again, which is sure that a lot of people are excited and many are waiting for that matter.

This is also the reason why following him at every move he will make is suicide or let's say high risk just to avoid a hardcore definition.
You have to be knowledgeable in the cryptocurrency field if you are looking for profits and imitating what he will do, but it will always be late.
Before the news comes out that he sold whatever coins he bought and hyped, the value of it is in the middle of depreciating. Of course, he will tell his colleagues first before he put it on social media.

[iamverybusyperson]

I think Elon Musk's trend has started to fade because some of the tweets that have been released have less impact on the market now. But its influence is still there as evidenced by Dogecoin today which is still considered a coin that is fostered by Elon Musk. I prefer to take the momentum if the Elon Musk trend returns at least it can generate profits faster.

If I were you, I won't be so sure. It takes too little time to get rich and get your income on such actions. As usually hyped projects don't live long. I'd offer you to better pay attention to privacy coins as they're rising and improving a lot right now.

By the way, you're right. These coins are gaining popularity day by day. I believe that they guarantee users a real, not an imaginary level of security and also the convenience of crypto operations. For example Crypton was already accepted by 1800+ online stores https://twitter.com/UtopiaP2P/status/1572904958118481921?s=20&t=O8OU5uWc57wYHK-svMexzQ

[Sethrey]

Why when talking about Elon Musk all crypto lovers get very curious, maybe because everything he does is always making big changes.  Therefore if we want to profit in crypto trading, we must always keep up with the latest things related to Elon Musk..

It's usually very short-term actions. I won't believe that now he can change the market situation totally. He can make hype - yes, but in any case there won't be so many supporters as before.

[iamverybusyperson]

Why when talking about Elon Musk all crypto lovers get very curious, maybe because everything he does is always making big changes.  Therefore if we want to profit in crypto trading, we must always keep up with the latest things related to Elon Musk..

It's usually very short-term actions. I won't believe that now he can change the market situation totally. He can make hype - yes, but in any case there won't be so many supporters as before.

I also think that you can’t advance only on hype, especially if there is nothing to hook users with.

[Sethrey]

I'm also interested in the latest news about mass crypto wallet blocks for Russian users. What's the best decision for them now? I know it's not the first time they have to deal with sanctions, but not all of them are bad people and they also have to survive somehow..

[iamverybusyperson]

I'm also interested in the latest news about mass crypto wallet blocks for Russian users. What's the best decision for them now? I know it's not the first time they have to deal with sanctions, but not all of them are bad people and they also have to survive somehow..

What about Utopia P2P? I think systems like this could solve the problem, don't you think?

[Sethrey]

What about Utopia P2P? I think systems like this could solve the problem, don't you think?

Of course, decentralized projects will be the only ones to deal with such a situation. Many people are afraid of projects that provide anonymity due to many reasons. But if you have nothing to hide, you can check it out. And if you're a criminal - you'll be caught one day anyway.

[rojan]

I think Elon Musk's trend has started to fade because some of the tweets that have been released have less impact on the market now. But its influence is still there as evidenced by Dogecoin today which is still considered a coin that is fostered by Elon Musk. I prefer to take the momentum if the Elon Musk trend returns at least it can generate profits faster.

The price of Dogecoin suddenly increased.  After Elon Musk tweeted on his Twitter page, I can see Dogecoin price going up for a while.  But I made a fool of myself, I sold my Dogecoin a few days before Elon Musk's tweet. I had a lot of Dogecoin. After seeing the price of Dogecoin go up, I bought some more Dogecoin coins and then I sold them for a lot of profit.

[iamverybusyperson]

What about Utopia P2P? I think systems like this could solve the problem, don't you think?

Of course, decentralized projects will be the only ones to deal with such a situation. Many people are afraid of projects that provide anonymity due to many reasons. But if you have nothing to hide, you can check it out. And if you're a criminal - you'll be caught one day anyway.

> And if you're a criminal - you'll be caught one day anyway.
Indeed, it is.

In any case, I feel better thinking that there are systems in place that can protect against constant surveillance.