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Author Topic: CEO of Twitter has full control of the Bitcoin market by banning Elon Musk  (Read 304 times)
worle1bm
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July 24, 2021, 12:21:27 PM
 #21

Bitcoin is still new and has a smaller market cap than other investments that one famous person on Twitter can influence the prices of Bitcoin and other cryptocurrencies.
He is not indulging into any direct violations of the twitter policies for which his account can be banned or issue 14 days notice to him but he is manipulating the Market with h is influential relationship with his 58.5 Million followers on this social platform and they can't give him a ban.The main problem is people blindly following him and making it so easy for him to just tweet and turn the prices for any coin.So people need to be their own decision maker rather than making Elon account suspended because it's not gonna happen.

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July 24, 2021, 12:27:32 PM
 #22

Bitcoin is still new and has a smaller market cap than other investments that one famous person on Twitter can influence the prices of Bitcoin and other cryptocurrencies.
Twitter can't just ban anyone for no reason. You could be saying Elon is trapping people and manipulating the market, but he is going to defend himself by saying that he is just a big fan of dogecoin and wants it to be successful. He is going to prove it by showing us that he is helping the developers to make the network much better. He is not forcing anyone to invest or sell their bitcoin. That would be a really sad move if they ban Elon from twitter.

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July 24, 2021, 12:38:25 PM
 #23

but not only on twitter Elon Musk can express his opinion. there are still many ways, so even though his account is suspended, he still has various ways to spread his influence. so the twitter CEO doesn't have the power to make elon stop saying anything about crypto.

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July 24, 2021, 02:27:59 PM
 #24

Banning Elon Musk will not solve the problem and he can also use other social media to execute his plans. Although it might not be that effective but for him because if how significant Tweeter is and quick to dispatch information. The market is going to get to a level where intended manipulation will no longer have serious effect on the market. The Bitcoin market is growing and very soon, it will be difficult to shake the market.

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July 24, 2021, 02:38:08 PM
 #25

Bitcoin is still new and has a smaller market cap than other investments that one famous person on Twitter can influence the prices of Bitcoin and other cryptocurrencies.

It's another hell of an idea, But I believe it won't work, even Jack Dorsey will ban Elon Musk out of Twitter, and then what's the difference? for me, it's nothing but complete nonsense, why blaming Elon Musk for just a simple tweet? blame those people who picked and believe those tweets as a piece of advice from Elon Musk. it's crazy but it was really happening because of those simple tweets of Elon many noobs, investors, speculator's funds are burned.      
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July 24, 2021, 02:43:07 PM
 #26

Although I do not support that Elon is speculating in his own name in cryptocurrency through Twitter, but in my opinion, prohibiting writing posts is a rather biased attitude towards his user, especially since Elon made his own name and has every right to write whatever he wants .. ...
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July 24, 2021, 05:01:20 PM
 #27

I am not a huge fan of Musk manipulating the market for his benefit but i am not in favor of banning him from Twitter solely because of that, if he is conveying fake news then then Twitter will tag him as manipulated news and till now Musk is smart enough to avoid these tags because he is just voicing his opinion and you cannot ban someone for just voicing his opinion.
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July 24, 2021, 05:09:39 PM
 #28

Bitcoin is still new and has a smaller market cap than other investments that one famous person on Twitter can influence the prices of Bitcoin and other cryptocurrencies.
You have to understand that influential people don't control the price of Bitcoin, they only control the minds of the buyers...

getting banned elon musk from twitter is a useless job, elon and jack dorsey are friends so they won't offend anyone. We can't control Elon's followers, all we can do is remind ourselves and friends not to be influenced by Elon's tweets.

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July 24, 2021, 05:24:24 PM
 #29

Bitcoin is still new and has a smaller market cap than other investments that one famous person on Twitter can influence the prices of Bitcoin and other cryptocurrencies.
This is partly the truth, his quite an influencer but the pandemic has made people to be online more than usual and with a few retweets of what Elon tweets about gets people excited and for all we know word travels faster on these online channels.

I am not a huge fan of Musk manipulating the market for his benefit but i am not in favor of banning him from Twitter solely because of that, if he is conveying fake news then then Twitter will tag him as manipulated news and till now Musk is smart enough to avoid these tags because he is just voicing his opinion and you cannot ban someone for just voicing his opinion.
I would like this to happen but fact of the matter is Musk has both feet dipped in cold and hot water such that at times he creates a bullish atmosphere for crypto which we all love but when he means to be bearish this is the part about him that we all hate him for..


 
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July 24, 2021, 06:27:14 PM
 #30

While Elon has a lot of influence on markets in general, banning him on Twitter is definitely not the way to go. Not to mention that it's a really really bad decision for Twitter if they'd do something like this. I mean, Elon has A LOT of followers. Twitter banning Elon just to prevent price manipulation is just like stabbing themselves in the back.

That has nothing to do with Elon Musk because any statement that he can do towards crypto can really make the market move.

Banning him in twitter is not enough because there are a lot of platforms that supports him.

People are also afraid of the market and only relying on Elon Musk because they think that he is the only one who manipulate the market.

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July 24, 2021, 06:45:29 PM
 #31

Your idea isn't going to happen practically and I don't see any reason why Twitter should ban Elon although I don't like manipulation. You know very well that Elon is enough technical person enough to create a stronger social media than Twitter. Both Elon and Jack is Bitcoin fan, shouldn't ban each other. A lot of persons or organizations Tweeting about Bitcoin and cryptocurrency, should ban all of them? It wouldn't be a solution by the way. Let's look for other possible solutions if you have.

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July 24, 2021, 07:46:21 PM
 #32

I don't think that such thing would happen. Jacky Dorsey can have it his way. He can ban Elon Musk if he wants. But this won't cause Jack Dorsey to be the king or something like that of Bitcoin. If Elon Musk is banned, then he'd find another way to prevent it from happening.

Btw, why would Jack Dorsey want to do such thing? It seems like they have a really good relationship.

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OFFICIAL PARTNERSHIP
SOUTHAMPTON FC
FAZE CLAN
SSC NAPOLI
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