Elon Musk once again throwing shade at bitcoin

[Obito]

This kind of thinking makes things worse for bitcoin, we overthink too much when it comes to this kind of thing, plus he's not the person that we should listen to right? Aren't we already done with all the stuff he did back then?

[worle1bm]

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.

No more Musk effect is present in the market now as he ruined his image after all the useless mind games he played on to manipulate the market and gain profits out of it.He can only affect the shitcoin community now and fool those who still believe what he speaks but not btc anymore and that's why he is again trying to play his cheap tweet games to make a way but this time he is stuck inside that trap he put for himself and price remain unaffected.

[Yamifoud]

This kind of thinking makes things worse for bitcoin, we overthink too much when it comes to this kind of thing, plus he's not the person that we should listen to right? Aren't we already done with all the stuff he did back then?

No, we keep remembering all the things he has done before. And now, he is throwing FUDs again the more he always remembered and his nonsense contribution to the crypto.
He is officially a social media influencer, he can easily influence people and go on his side but he can never do this in crypto again. No, he will just fail and the time will come that nobody will listen to him, to all of his nonsense talk towards Bitcoin.

[isaac_clarke22]

This kind of thinking makes things worse for bitcoin, we overthink too much when it comes to this kind of thing, plus he's not the person that we should listen to right? Aren't we already done with all the stuff he did back then?

I wouldn't look at it at that way. We're too much leaned too Musk and just because one guy tweeted a few characters of his own thoughts won't make that much effect to Bitcoin. It is just people that are following his butt too much, just because he was able to manipulate DOGE back then.
People think that the history repeats itself once again.

[yazher]

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.

Looks like he thinks he still has that power to shake the price in the market when it's all nothing now when he says something about bitcoin. Looks like this guy wanted to promote his nonsense coin by tweeting those simple words yet enough to give Doge a pump in short days. Just like the other celebrities or influencers who always criticized bitcoins, this guy too is nothing but nonsense who doesn't need the attention of the real investors because all he does is talk about things that haven't even been proven or not the actual fact.

[tbct_mt2]

Looks like he thinks he still has that power to shake the price in the market when it's all nothing now when he says something about bitcoin. Looks like this guy wanted to promote his nonsense coin by tweeting those simple words yet enough to give Doge a pump in short days. Just like the other celebrities or influencers who always criticized bitcoins, this guy too is nothing but nonsense who doesn't need the attention of the real investors because all he does is talk about things that haven't even been proven or not the actual fact.

People give Elon Musk power and market makers abuse tweets of Elon Musk to play their pump and dump games. We can not verify that whether Elon Musk has investments in meme coins he tweets about.

It is very easy to understand and explain that he tweets about them because he has investments with them. However eve he does not have such investment, market makers will do wisely and fastly enough to take advantage of his tweets to trigger their games.

It is like Omicron, does the variant has anything to do with Omicron in crypto market? It does not but fact is, we have massive pump and dump game with Omicron.

[Ultegra134]

Looks like he thinks he still has that power to shake the price in the market when it's all nothing now when he says something about bitcoin. Looks like this guy wanted to promote his nonsense coin by tweeting those simple words yet enough to give Doge a pump in short days. Just like the other celebrities or influencers who always criticized bitcoins, this guy too is nothing but nonsense who doesn't need the attention of the real investors because all he does is talk about things that haven't even been proven or not the actual fact.

People give Elon Musk power and market makers abuse tweets of Elon Musk to play their pump and dump games. We can not verify that whether Elon Musk has investments in meme coins he tweets about.

It is very easy to understand and explain that he tweets about them because he has investments with them. However eve he does not have such investment, market makers will do wisely and fastly enough to take advantage of his tweets to trigger their games.

It is like Omicron, does the variant has anything to do with Omicron in crypto market? It does not but fact is, we have massive pump and dump game with Omicron.

It is possible that he may still own meme coins such as Doge and Shiba. If he doesn't, it's probably another mere attempt to troll users into buying worthless coins and dumping them shortly after. On the other hand, I'm not quite sure that he has that much of an influence in the market anymore. He definitely used to have a lot, but people stopped following him after the Dogecoin incident.

[kryptqnick]

I wanted to write about how I think Musk is joking because, while he gave Bitcoin a try with Tesla, he did no such thing with Dogecoin. But then I realized that it's no longer true, as in the middle of December Musk actually said that Tesla will start accepting Dogecoin for merch to see how it goes. In that case, perhaps he does think Dogecoin is the way to go. I don't have anything against Doge, except that it's way overrated. Given that the foundation and thus technical support was reintroduced in August 2021, though, at least it's probably safe to use it. Also, while the coin is inflationary, the inflation rate decreases over time. Still, even if Musk goes above and beyond to make Dogecoin more popular than Bitcoin, it's not going to work.

[rozak]

I wanted to write about how I think Musk is joking because, while he gave Bitcoin a try with Tesla, he did no such thing with Dogecoin. But then I realized that it's no longer true, as in the middle of December Musk actually said that Tesla will start accepting Dogecoin for merch to see how it goes. In that case, perhaps he does think Dogecoin is the way to go. I don't have anything against Doge, except that it's way overrated. Given that the foundation and thus technical support was reintroduced in August 2021, though, at least it's probably safe to use it. Also, while the coin is inflationary, the inflation rate decreases over time. Still, even if Musk goes above and beyond to make Dogecoin more popular than Bitcoin, it's not going to work.

trying to make Dogecoin more popular than Bitcoin is never going to work. I don't know if there will be a continuation of the news that Elon has reported or if it's just a joke that he throws back into the public.
raised Dogecoin to be more popular, but I wonder why Elon didn't develop their token? if indeed Elon and Tesla will develop a payment system or Merchandise for the purchase of Tesla products.

[coinism]

People give Elon Musk power and market makers abuse tweets of Elon Musk to play their pump and dump games. We can not verify that whether Elon Musk has investments in meme coins he tweets about.

It is very easy to understand and explain that he tweets about them because he has investments with them. However eve he does not have such investment, market makers will do wisely and fastly enough to take advantage of his tweets to trigger their games.

It is like Omicron, does the variant has anything to do with Omicron in crypto market? It does not but fact is, we have massive pump and dump game with Omicron.

It's the people that need to be equally blamed for giving too much importance and power in the hand of people like Musk. His single tweet makes btc go down from 50k to 32k earlier this year. He recently said something about Doge (I am not interested in what he said), his tweet on 14 Dec 2021 created a spike in price of Doge from 0.1 to 0.2 and now falling back. This clearly show how much importance we gave to these people.

[izsara]

In fact, if I examine it further when I see this tweet, I feel that it's actually a bit out of sync when it comes to discussing elon and bitcoin because it is a case that only a handful of people can see.
On the other hand, he only shows off his dog, I can see and if he looks at this he is touting another dog coin and has nothing to do with bitcoin

[oHnK]

Still, even if Musk goes above and beyond to make Dogecoin more popular than Bitcoin, it's not going to work.

But it seems that you are missing something related to the popularity of BTC with Doge which has been made up by Elon Musk.  Previously, Musk was one of the factors supporting the rise of BTC because it was applied to Tesla, but since the rejection of BTC, it has experienced a major correction.  Meanwhile, if Elon chooses to increase Doge by tweeting, it could give Doge high popularity, because for short term traders, Doge becomes one of their best options to profit from Elon's actions by tweeting.

[freedomgo]

Looks like he thinks he still has that power to shake the price in the market when it's all nothing now when he says something about bitcoin. Looks like this guy wanted to promote his nonsense coin by tweeting those simple words yet enough to give Doge a pump in short days. Just like the other celebrities or influencers who always criticized bitcoins, this guy too is nothing but nonsense who doesn't need the attention of the real investors because all he does is talk about things that haven't even been proven or not the actual fact.

People give Elon Musk power and market makers abuse tweets of Elon Musk to play their pump and dump games. We can not verify that whether Elon Musk has investments in meme coins he tweets about.

It is very easy to understand and explain that he tweets about them because he has investments with them. However eve he does not have such investment, market makers will do wisely and fastly enough to take advantage of his tweets to trigger their games.

It is like Omicron, does the variant has anything to do with Omicron in crypto market? It does not but fact is, we have massive pump and dump game with Omicron.

It is possible that he may still own meme coins such as Doge and Shiba. If he doesn't, it's probably another mere attempt to troll users into buying worthless coins and dumping them shortly after. On the other hand, I'm not quite sure that he has that much of an influence in the market anymore. He definitely used to have a lot, but people stopped following him after the Dogecoin incident.

Elon might be a great influencer in the past, but this time people have become smarter and learn to hate Elon  because of his own wrong doings. So even if he keeps on tweeting again on dogecoin, or throw shades at bitcoin, people will not be affected anymore as they realized that Elon did the whole thing just to hype the meme coin and when he thinks he made profits on his own, that's the time when he stops shilling dogecoin and its value started to fall back. I guess people have been traumatized about this and decide not to trust Elon again.

[Ultegra134]

Looks like he thinks he still has that power to shake the price in the market when it's all nothing now when he says something about bitcoin. Looks like this guy wanted to promote his nonsense coin by tweeting those simple words yet enough to give Doge a pump in short days. Just like the other celebrities or influencers who always criticized bitcoins, this guy too is nothing but nonsense who doesn't need the attention of the real investors because all he does is talk about things that haven't even been proven or not the actual fact.

People give Elon Musk power and market makers abuse tweets of Elon Musk to play their pump and dump games. We can not verify that whether Elon Musk has investments in meme coins he tweets about.

It is very easy to understand and explain that he tweets about them because he has investments with them. However eve he does not have such investment, market makers will do wisely and fastly enough to take advantage of his tweets to trigger their games.

It is like Omicron, does the variant has anything to do with Omicron in crypto market? It does not but fact is, we have massive pump and dump game with Omicron.

It is possible that he may still own meme coins such as Doge and Shiba. If he doesn't, it's probably another mere attempt to troll users into buying worthless coins and dumping them shortly after. On the other hand, I'm not quite sure that he has that much of an influence in the market anymore. He definitely used to have a lot, but people stopped following him after the Dogecoin incident.

Elon might be a great influencer in the past, but this time people have become smarter and learn to hate Elon  because of his own wrong doings. So even if he keeps on tweeting again on dogecoin, or throw shades at bitcoin, people will not be affected anymore as they realized that Elon did the whole thing just to hype the meme coin and when he thinks he made profits on his own, that's the time when he stops shilling dogecoin and its value started to fall back. I guess people have been traumatized about this and decide not to trust Elon again.

Definitely, people got pissed at him for assisting in the manipulation of the cryptocurrency market and stopped following him. It was stupid for both sides to make such bold claims. Announcing that he'll sell Tesla merchandise with Dogecoin, what's the purpose of this whole ordeal? He's a great businessman that's for sure, but if this happened in the stock market, he would have been arrested, cryptocurrencies however, are not monitored by someone, of course.

[hd49728]

Elon might be a great influencer in the past, but this time people have become smarter and learn to hate Elon  because of his own wrong doings. So even if he keeps on tweeting again on dogecoin, or throw shades at bitcoin, people will not be affected anymore as they realized that Elon did the whole thing just to hype the meme coin and when he thinks he made profits on his own, that's the time when he stops shilling dogecoin and its value started to fall back. I guess people have been traumatized about this and decide not to trust Elon again.

Recent months, Elon only tweets and Tesla did not invest more into Bitcoin. I disagree if anyone say that Elon lost his influence on Bitcoin and crypto market. He still has it in his hands and if someday he suddenly tweets that Tesla returns to spend more capital to invest into Bitcoin. What will happen?

It won't be a normal or only hilarious tweet but it is a more powerful tweet because there is capital related. If that day comes, you will see power and influence of Elon again, that would be massively big.

[CryptocurencyKing]

Well, being world richest man comes with some advantage you know, having to influence a lot of persons with one statement and funny enough, it works only when we allow it to. Elon might have tried to rub bitcoin in the mold whole trying to rise dogecoin but its all subject to individual perceptions about the many tweets he sends most times.
Elon has still got his supporters and that would push through in all that he tweets but, we really need to watch it and not be mislead by some cerebral figure over some investment advice.

[dataispower]

^ 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.

As you said Elon musk is chairman of Doge coin i can not believe that Elon musk will in other way support the growth of any other coins except Doge that is in his heart to pump Everytime, everyone knows that Elon never try to boost others cryptocurrency, it concentrates on the good name of doge coin and thinking that coins can be suppressed to any other coins, but after his efforts everything to turned bad against his plan to other cryptocurrencies

[ven7net]

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

For me personally, Elon Musk is just a person who is manipulated by bigger players. Everything it says about cryptocurrency and BTC is all custom. In simple words, he is simply paid to write something on his pages on social networks. If Elon Musk were really interested in cryptocurrencies, then he would have transferred his business to the blockchain a long time ago, and accepted payment only in BTC or another cryptocurrency, or moreover, for example, he would have launched his personal cryptocurrency. But why doesn't he do it? Because he will not be allowed to do this and it is easier to make a profit by manipulating the cryptocurrency market.

[uneng]

I agree it's a mix of stupidity and manipulation, or maybe it's just that stupidity is his method to manipulate people efficiently.

Elon is wealthy and people get sympathetic to him due to the fact a rich guy says stupid things, so average internet users feel closer to him, having Elon as an idol or even a friend.

I believe everyone has already felt like this for a famous personality. The problem in this case is that there serious risks of losing money for those who have him in great esteem.

[Natalim]

Another attempt to hype DOGE again, sorry but it's not happening anymore, DOGE price trend is going down and there's no way Elon Musk could save Doge downtrend even if he hypes it regularly. Bitcoin ===> DOGE, that's a fact and any coin cannot stand against bitcoin in terms of competition.