Will everyone still believe in Elon Musk?

[Hughes_Ryan]

Elon is not an ordinary person, he has great power and influence on the bitcoin market.  That's really dangerous, I no longer trust what he announced in the tweet.  Even the latest news is that Tesla is short on $23 million in bitcoin holdings (probably when accepting bitcoin payments).  That's really hard to imagine being real.

[Shasha80]

There are several reasons why people still believe in Elon Musk. First they got lucky with the Elon Musk hype. second, they still believe that the hype of Elon Musk will give them a bigger profit. so I think it's legal and the opinion of each person

Maybe there are people who still believe in Elon Musk, but there are very few of them. Those who believe in Elon Musk are Elon Musk fans or people
who really benefit from Elon Musk's manipulations. Because now information is very easy to get, and there has been a lot of information circulating
that Elon Musk is indeed manipulating for personal gain. Then many people who were victims of Elon Musk's manipulation began to speak on various
social media. Even in this forum there are a lot of threads and posts that are disappointed with Elon Musk, this is why more and more people no
longer believe anything Elon Musk says on twitter.

[dzonikg28]

There are several reasons why people still believe in Elon Musk. First they got lucky with the Elon Musk hype. second, they still believe that the hype of Elon Musk will give them a bigger profit. so I think it's legal and the opinion of each person

Maybe there are people who still believe in Elon Musk, but there are very few of them. Those who believe in Elon Musk are Elon Musk fans or people
who really benefit from Elon Musk's manipulations. Because now information is very easy to get, and there has been a lot of information circulating
that Elon Musk is indeed manipulating for personal gain. Then many people who were victims of Elon Musk's manipulation began to speak on various
social media. Even in this forum there are a lot of threads and posts that are disappointed with Elon Musk, this is why more and more people no
longer believe anything Elon Musk says on twitter.

He might still have considerable influence on Dogecoin, but I highly doubt that any of his comments or tweets will have noteworthy impact on Bitcoin's price. It would really surprise me if the market moves substantially in any direction subsequent to any future comments from Elon's side. Now that everyone knows his stance there shouldn't be any further price jumps following his tweets.

[LogitechMouse]

When you are that influential, you can still say criticisms or anything that might cause the market to go up or down and that is what Elon did.

Since he has this large amount of followers, I believe that there are still some or few people that will follow what he is saying not only because they are a supporter of him but because they believe that anything that he is saying equates to profit.

As for me, I don't believe him since the start of him coming into the crypto world. I personally thank him though for what he did and with that I made some money too but overall, I will not still believe in him especially now that he is saying some criticisms lately although not that much this time.

[milewilda]

Not by any chance lol..

Elon is a Crazy Manipulator and clown , he is only caring for all of his interest and now on this market.

We do have our own personal views and opinions but for sure the market or the community would really still be reacting no matter what those things that do come out from his mouth.
We might not already believing into his words but for sure even if he would make out some simple tweet then the market will surely react because big players or whales will
really took advantage when it comes to sentiments neither they do saw some community reactions or not then it would really be varying on what move they would really do.
Believing on Elon? i do agree on those words above about being a clown.

[hazenyc]

How can people re-trust Elon Musk after what he did, I've heard a lot of people suffer losses, when Elon Musk talked that bitcoin payments would be banned at tesla, it made the entire cryptocurrency community disappointed, and now I also see Elon Musk supporting dead coin coins, but it doesn't have any impact.

How could they trust him in the first place such that a man with a lot of money is able to move multi-billion dollar markets with a single tweet? That is what concerns me even more. I thought the market cap of Bitcoin is large enough that you should have reason to think it is more or less resistant at least against tweets, but it isn't as there are too many people following damn tweets to make investment decisions.

[Shasha80]

There are several reasons why people still believe in Elon Musk. First they got lucky with the Elon Musk hype. second, they still believe that the hype of Elon Musk will give them a bigger profit. so I think it's legal and the opinion of each person

Maybe there are people who still believe in Elon Musk, but there are very few of them. Those who believe in Elon Musk are Elon Musk fans or people
who really benefit from Elon Musk's manipulations. Because now information is very easy to get, and there has been a lot of information circulating
that Elon Musk is indeed manipulating for personal gain. Then many people who were victims of Elon Musk's manipulation began to speak on various
social media. Even in this forum there are a lot of threads and posts that are disappointed with Elon Musk, this is why more and more people no
longer believe anything Elon Musk says on twitter.

He might still have considerable influence on Dogecoin, but I highly doubt that any of his comments or tweets will have noteworthy impact on Bitcoin's price. It would really surprise me if the market moves substantially in any direction subsequent to any future comments from Elon's side. Now that everyone knows his stance there shouldn't be any further price jumps following his tweets.

What Elon Musk has done has indeed made him lose the power to influence the price of Bitcoin through the tweets he wrote. And I'm sure
Elon Musk realized that too, therefore maybe now Elon Musk is thinking of another way so that he can manipulate the price of Bitcoin again.
But I believe the crypto community is getting smarter now, so they will be more careful what Elon Musk does in the future.

[Connor Britton]

I personally don't really care about this person because with or without a statement from him I can still do my own research. but I still follow the progress of what he is doing because for me it will be very profitable regardless of the controversy he creates.
as for there are still people who believe it or not, it's back to their own rights because I'm sure even though many hate it, there will still be a lot of supporters, especially for beginners who want to be involved in crypto.
but for me if it benefits me then i will follow but if it can create high risk like the pump he has done before then i will leave because this is my asset and i will keep it as strong as possible

I think the same as you. Because Musk is rich, his words are still influential, but most people still don’t fully believe in Musk. Everyone will judge through his posts, because some people will also use his tweets hype affects the judgment of some people so as to achieve profitability, so we can judge and then operate after he publishes the article, instead of blindly following.

[Xinarae*]

Even if elon kasturi is trusted for crypto none of his news will affect crypto the prices of cryptocurrencies continue to rise based on its demand. Many follow but are more damaged he is a big size person but he has to do market analysis without following these hips but the risk is less in the beginning most people don’t really save a lot of musk in their lives. Although most people do not follow his tweets intensively or at all they follow the market very closely.

[fuguebtc]

Actually I don't believe in Elon. But I only use the momentum elon. So when elon talks positively about bitcoin or doge. I immediately bought bitcoin because the elon effect could make the price of the coin go up. But after the price went up I immediately sold it.

Not only you,many people don't believe in Elon.But they know Elon has great influence in the market. Elon Musk's tweets could cause the volatility of a coin. They take advantage of Elon's effect to make a profit for them.

[Vishnu.Reang]

Elon has millions of followers and they will believe in whatever he says. But for the cryptocurrency users, it is a difficult question. Elon, without any doubt is hugely influential and it will be mutually beneficial to have cordial relations with him. But can we expect the same from him, after witnessing what he did a couple of months ago? In a way, in business there are no permanent enemies or friends. So I don't have any issue in once again listening to Elon. But this time, there should be a guarantee that he doesn't backstab us again.

[breathlessz]

Actually I don't believe in Elon. But I only use the momentum elon. So when elon talks positively about bitcoin or doge. I immediately bought bitcoin because the elon effect could make the price of the coin go up. But after the price went up I immediately sold it.

Not only you,many people don't believe in Elon.But they know Elon has great influence in the market. Elon Musk's tweets could cause the volatility of a coin. They take advantage of Elon's effect to make a profit for them.

Elon's influence has decreased, but that doesn't mean it's gone. his strength is still able to move the market, because he has a lot of capital and also there are still many followers even though their trust is reduced. Therefore, we must be able to respond to the market when Elon's tweet is announced to seek profit for ourselves

[hazenyc]

Actually I don't believe in Elon. But I only use the momentum elon. So when elon talks positively about bitcoin or doge. I immediately bought bitcoin because the elon effect could make the price of the coin go up. But after the price went up I immediately sold it.

Not only you,many people don't believe in Elon.But they know Elon has great influence in the market. Elon Musk's tweets could cause the volatility of a coin. They take advantage of Elon's effect to make a profit for them.

Elon's influence has decreased, but that doesn't mean it's gone. his strength is still able to move the market, because he has a lot of capital and also there are still many followers even though their trust is reduced. Therefore, we must be able to respond to the market when Elon's tweet is announced to seek profit for ourselves

It may not be gone, but that is even simply due to the fact that he owns close to $200 billion. Anyone who owns such an enormous amount of money will have influence in the world. That goes without saying. However, his particular influence on cryptocurrencies has severely decreased as he undermined himself but changing positions in a way that made zero sense. I think that was a mistake by him and he may have realized he took a bit too far. Then again he doesn't care because, why should he?

[kotajikikox]

I think it is hypocritical to scold Musk when he criticizes Bitcoin, and to praise him when he is optimistic about Bitcoin. I think he should take his thoughts and concerns about Bitcoin seriously, because many outsiders have these ideas. But at the same time, people should ignore his flip-flops on Twitter or act like a child. Elon Musk is just a person like everyone else. Stop using Elon Musk as an argument for or against Bitcoin, but actually listen to what he has to say and think about whether you have the answer.

We are not hypocrites, we support Bitcoin. What do you think we are going to do?

I must admit that sometime in my life i did trust or believe this person (anyway most of us did right)
but after multiple clowning and stupidity from his tweets? i must realize how could this damage the whole crypto market if we will let him do this over and over again?
he does not even care about what will be the effect of his tweets and it seems like he loves what the effect afterall.
so NO I ALREADY LOSE MY BELIEF IN THIS PERSON.

[zanezane]

His rabid fans might still believe in him since he still has the following plus it's not like there's nothing wrong with believing in him, what people need to exercise is how to think for themselves and have some common sense. If you think about it, we might be able to apply Keynesian Beauty Contest with this Elon dilemma, he can create trends meaning that your opinion won't matter if it's overpowered by the public opinion meaning that you can make money if you follow the trend.

[posi]

Elon has millions of followers and they will believe in whatever he says. But for the cryptocurrency users, it is a difficult question. Elon, without any doubt is hugely influential and it will be mutually beneficial to have cordial relations with him.

I am part of Elon followers on Twitter but that doesn't mean I believe whatever and like you said it is good to have a cordial relationship with him but I think he (Elon) is fully aware that the crypto communities don't like him ever since he's using his tweet as a weapon to manipulate the market negatively. He has understood this that's the reason why he calms down with his fud tweet.

I don't know if you notice that Elon gain his hugely influence potential ever since he was rated as the number one richest man in the world and a lot of people wanted to earn through his innovation and knowledge that's the reason why newbies investors see his tweet as a means for them to earn money with their investment.

[Fatunad]

His rabid fans might still believe in him since he still has the following plus it's not like there's nothing wrong with believing in him, what people need to exercise is how to think for themselves and have some common sense. If you think about it, we might be able to apply Keynesian Beauty Contest with this Elon dilemma, he can create trends meaning that your opinion won't matter if it's overpowered by the public opinion meaning that you can make money if you follow the trend.

Following him doesnt mean that you would really be following or believe on things that he do tweet out but rather they could choose up to be observant and would act accordingly
with their own views and jurisdictions on certain tweet and there are indeed people whom do really have that kind of behavior when it comes to fundamentals because they can
neither detect or not when it comes to those things neither it would be applicable to be put up into their analysis or just simply skip or ignore it.
There's still people who do believe on him but of course it wont be similar in numbers when he was just starting up to engage into this market.

[Qikiye]

Elon musk who the richest person in the world , who knows about Bitcoin, cryptocurrencies and dogecoin, then he should know something about Elon musk and should also believe Elon.

[Qikiye]

Actually I don't believe in Elon. But I only use the momentum elon. So when elon talks positively about bitcoin or doge. I immediately bought bitcoin because the elon effect could make the price of the coin go up. But after the price went up I immediately sold it.

Not only you,many people don't believe in Elon.But they know Elon has great influence in the market. Elon Musk's tweets could cause the volatility of a coin. They take advantage of Elon's effect to make a profit for them.

Sometimes he makes announcement about dogecoin, bitcoin and market price, volumes and capacities also increase then we take a good advantage over the market for Elon musk.

[NicNacCoin]

I support Elon musk because sometimes I followed his announcement and make a lots of profits. I always follow his personal Twitter account. Because all announcement can get from his personal tweet.