Elon Musk once again throwing shade at bitcoin

[ChiBitCTy]

Once again Elon Musk is in the news in relation to bitcoin/cryptocurrency and once again he’s proving he’s full of shit. Personally I can’t figure out if he’s just that ignorant when it comes to cryptocurrency, because he has said a whole lot of stupid stuff in relation to it, or if it’s just manipulation, which we all know he’s very good at. Overall I think it’s a mix. I believe he likes the Proof of Stake aspect being that it gives the largest wallets an advantage. Which is exactly what he’s arguing against here..oh the irony.

What are your thoughts?



https://www.google.com/amp/s/www.businessinsider.com/elon-musk-dogecoin-fan-bitcoin-gives-power-rich-jack-dorsey-2021-12%3Famp

Think you know Elon? Maybe not as much as you think .. https://youtu.be/c-FGwDDc-s8

[DaveF]

Let me start with ouch. I just rolled my eyes so hard I think I pulled a muscle in one of them.

But, with the NHTSA starting yet another investigation into Tesla https://www.reuters.com/world/us/us-opens-investigation-into-580000-tesla-vehicles-over-game-feature-2021-12-22/
he had to say something to distract people.
I actually joked to someone yesterday that there would probably be another Cybertuck tweet coming. Guess he went with a crypto tweet instead.

As for the 'shade', I think more and more people are not paying a lot of attention to him with the crypto stuff anymore. There are still a ton that do, don't get me wrong. But more and more I see him getting a smaller and smaller reaction to his tweets.
And although it's 100% not important or related at the time of this post BTC is back above $51000 so in the very short term a lot of people did not care.

-Dave

[Upgrade00]

I personally do not see how bitcoin came into the picture and how the topic title correlates with the actual conversation. This is just a case of a journalist (if I can call them that) trying to spin a news out of nothing while adding some key words which will drag traffic to it, like; 'Bitcoin' and 'Elon Musk'.

Elon Musk can be interested in whichever currency he is involved in, this also means he can be pro Doge.

Think you know Elon? Maybe not as much as you think .. https://youtu.be/c-FGwDDc-s8

Is this the icing on the cake? Why would i want to watch a 25 minute video "debunking Elon" off a  shitty article?

[DeathAngel]

He doesn’t affect the price now, if he ever did in the first place. When we dumped to below 30k in May was during the time Elon was being weird, trolling, tweeting about the energy mining uses. This period coincided with the time China was actively banning mining & bitcoin use. It’s a misconception that Elon send the price tumbling when it was far more likely to be China.

[titular]

It's funny how he says this, yet the largest % of his stack (by far) is bitcoin. He has stated a few times that the only crypto he owns is bitcoin, ethereum, and some doge.

He even clarifies that the doge he has was all mined. He has not spent a single dollar on dogecoin.

When asked why he supports dogecoin he said, "I like memes and dogs."    Solid reasoning!

[Oasisman]

Doesn't matter what "pro- any altcoin" he is, because the more he messed around with crypto the more people will lost their interest in him from following to such hyping up to the alts he was invested.
Actually, he actually lost a lot of followers because of what he did the last time.
Now, he's back at it again. Let's see If he can pull up another trick to pump up Doge lol.

[hatshepsut93]

Maybe it was funny at the start, but Elon's half-joking support for Doge has been old for quite a while, and now it even has a negative effect on people, as Doge keeps going down, which is the only way it can objectively go, but some people are getting hope and invest in this shitcoin and are set to lose money.

By the way, jack's tweet is a part of large series of tweets, you can check an article about it here

[DoublerHunter]

^ We know Elon Musk is a big fan of DOGE and I think that is normal to appreciate his altcoin hold but IF HE compares it to BTC.
I don't think so what will gonna going to say, it is pretty normal to me to see his action because as we know he has a large number of DOGE and it could be he wants to make the price up of DOGE and throwing shade at BTC is not of his concern. Probably now most people those who know already him, obviously ignored him.

[mynonce]

Maybe it was funny at the start, but Elon's half-joking support for Doge has been old for quite a while...

... Now, he's back at it again. Let's see If he can pull up another trick to pump up Doge lol.

@elonmusk: Tesla will make some merch buyable with Doge & see how it goes https://twitter.com/elonmusk/status/1470703708677840896

That was last week, kickstarted the chart, but is back again.

[glendall]

Elon's actions are very funny, the characteristics of people who do not have a stand, whatever Elon says at this time has no effect on the current crypto price, including the doge he is great at, only goes up about 10% and goes back down, doesn't have any effect because of what he said. talking about elon is just gibberish (just my thoughts)

[Yamifoud]

he is making fun with Dode and shilled them in the first place, so what are we gonna expect from him? A pro-Doge will always talk like that and hated Bitcoin and other coins, unless if he changes his mind and accept that Doge is a meme coin.
He is trying to convince people to buy Doge, not Bitcoin. He has the influence and that could bring something big influence to the newcomers, yet can be natural but I'm not sure how effective it was as people know that Bitcoin is the most trusted coin in the crypto market.

[Welsh]

I've said it before, but I don't actually think Elon is pro Doge or anything. This to me again comes off as a sort of tongue in cheek remark. We know that Elon Musk likes to troll on Twitter, and to me this just seems like subtle trolling. Elon Musk will know what Doge is, and he'll know why it doesn't stand up to Bitcoin at the moment. He definitely isn't stupid, despite the consensus around here.

Besides, it doesn't really matter what he thinks. I do believe he influenced the market a little bit with the drama initially surrounding Tesla, and him. However, I think as time goes on people are more aware of his trolling nature, and the fact that what he says doesn't really mean a lot in the grand scheme of things for Bitcoin.

[Darker45]

I've said it before, but I don't actually think Elon is pro Doge or anything. This to me again comes off as a sort of tongue in cheek remark. We know that Elon Musk likes to troll on Twitter, and to me this just seems like subtle trolling. Elon Musk will know what Doge is, and he'll know why it doesn't stand up to Bitcoin at the moment. He definitely isn't stupid, despite the consensus around here.

Besides, it doesn't really matter what he thinks. I do believe he influenced the market a little bit with the drama initially surrounding Tesla, and him. However, I think as time goes on people are more aware of his trolling nature, and the fact that what he says doesn't really mean a lot in the grand scheme of things for Bitcoin.

Exactly the same thoughts here. Elon is playing a game, playing with us, albeit in a subtle way. The loser is definitely the one who will take him or his tweets seriously. Elon's trolling resume is rather open to the public. He's got the track record of making tongue-in-cheek statements over Twitter. And he's obviously having fun in the way people, the media, even the market, and so on react to them. At the end of the day, I doubt he meant most, if not all, of them seriously. So, I guess it is long overdue that we shouldn't also take him or his statements seriously.

[tbct_mt2]

Jack accussed non-decentralization of Ethereum so it would be worse for Binance Smart Chain because validators on BSC are limited and much less than that of Ethereum.

Dogecoin is almost community coin and even almost no significant developments in last many years, it still survives and I think Elon Musk saw chances to be a biggest influencer with Dogecoin. He stepped in and did his plan.

Elon is smart enough to aware that he can not have such power with Dogecoin or Ethereum

[michellee]

Elon is a just pro with the money. Wherever the money flow, he will try to make money. I doubt he pro bitcoin, doge or other currency. If he is really pro to one thing, he will support it and not say anything about the other, just give support. If he is pro bitcoin, he collaborates with Jack Dorsey but we never know his plan. He does not have to convince the public that he is pro doge because people will choose the coin they will support and let people decide by themselves.

[mk4]

Can't believe we think that Elon trolling on Twitter(as per usual) is "throwing shade at bitcoin" now. The dude literally owns bitcoin on his personal holdings and his company(Tesla) right now. Seriously, don't waste too much time into reading too deeply into his Tweets.

[avikz]

Elon is constantly trying to promote doge and it's pretty evident from his tweets. But he also owns bitcoins along with other currencies. So shading at bitcoin won't do anything great for his own portfolio.

Also it's an undeniable fact thay doge transactions are faster amd cheaper than Bitcoin. That's why he had planned to accept doge payments at Tesla dealerships instead of Bitcoin.

I personally feel, we don't need to take his tweets so seriously. He probably have fee millions placed in Doge and wants the price to go up. He is just using his influence to achieve that!

[LogitechMouse]

Its common already. We know how Elon is doing in Twitter and when it comes to cryptocurrency, he just say the first thing that comes to his mind.
Let him speak. After all, nobody believes in him anymore. He can't manipulate the market anymore like he did few months ago. We know for a fact that he is a DOGE supporter so.... yeah.

Once a troll always a troll especially in twitter where trolls are everywhere. The ones who are following him are the ones who will lose their money. What's important now is Bitcoin is above the $50,000 price again .

[davis196]

This is meme material at this point.
Elon:Saying something about dogecoin.
Bitcoiners: "ELON THROWING SHADE AT BITCOIN AGAIN!"
Why do we keep being focused so much on this guy?He's just trolling.The only difference between him and regular internet trolls is that he's the richest guy on the planet and he's famous(obviously because he's rich).
You can't deny the fact that,at least he's consistent in his support for dogecoin.

[pooya87]

I see Elon Musk as a good social experiment case, whether he knowingly post such nonsense or not.
For example many months ago we saw how he affected the bitcoin price when he initially started his FUD but we also saw that the effect was small. This shows that people are following celebrities even if it is down to abyss. Interesting thing is that a lot of people think Elon cause the crash whereas it was many other reasons including China and the drama that followed.

Another part of the experiment was the doge pump which was a lot more effective than his bitcoin related tweets. It showed once again how there are a lot of people who follow a "celebrity" like a sheep. It also proved how shitcoins are more susceptible to market manipulation and showed their true purpose.

It is also interesting to note the diminishing effects of Elon Musk and his tweets in the cryptocurrency market as a whole.