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April 26, 2022, 08:00:34 PM Last edit: April 26, 2022, 09:15:55 PM by ThemePen |
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You will agree Elon has really inspired many people to bitcoin his pro or against bitcoin tweet directly reflect the red and green candles on bitcoin charts.
With owning this huge platform of Twitter he can either break it or make it. I think.
Let if adopts "doge" as some kind of default crypto currency for Twitter it will be huge move and might effect bitcoin bigtime.
Or let say if come to sense and realizes the truth and embrace bitcoin I can't imagine how huge the green candle will be.
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Fatunad
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April 26, 2022, 08:59:02 PM |
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No one can tell on what would happen next but generally this market cant really be that too reacting when it comes to sentiments like this.Also, we do have experience on how Elon does have that kind of manipulative kind of behavior which means that this market is fully aware with these kind of behaviors.Whether he would make out some shill and other things connected to it but it wont really be that enough or assurance that we would really be seeing things according on what had been hyped or fud out.As a trader or investor then you should be aware on when to act or wont act.
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lionheart78
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April 26, 2022, 09:11:57 PM |
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You will agree Elon has really inspired many people to bitcoin his pro or against bitcoin tweet used to directly reflect the red and green candles on bitcoin charts.
There fixed it for you. Elon used to affect the Bitcoin market but I think his influence over the Bitcoin market had long been weakened. With owning this huge platform of Twitter he can either break it or make it. I think.
Let if adopts "doge" as some kidn of default crypto currency for Twitter it will be huge move and might effect bitcoin bigtime.
No? It only affects Dogecoin big time. Or let say if come to sense and realizes the truth and embrace bitcoin I can't imagine how huge the green candle will be.
Well if everyone embraces Bitcoin atm, the $100k mark will be surpassed in no time, but the reality sucks, changes does not appear overnight so I think Bitcoin struggle on being adopted by all government is still a long way.
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Yogee
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April 26, 2022, 09:15:14 PM |
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Next news after all the paperworks related to the transfer is done would most likely look like this,
"Twitter accepts bitcoin and doge as payment for ads".
The bitcoin tipping feature through Strike's lightning network could be expanded too.
I'm hoping we won't see a "Twitter coin".
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ololajulo
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April 26, 2022, 09:33:05 PM |
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I still dont see Elon Musk allow the so called free speech with the business in America and also as a citizen. Twitter will not prove otherwise to facebook, instagram etc to anything that could be against the country rule. Even the Trump as the president could be condone at the height of it. I dont know if it is written or unwritten but I know the system will not tolerate his proposal.
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sunsilk
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April 26, 2022, 09:51:32 PM |
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He can shill all the time Dogecoin.
But still, no matter how hard he shills it. The market will still speak for itself. We're in an assuming bear market and it might continue to dip for some more.
Even how hard he shills his favorite coin, the market will still be the one to be followed by everyone no matter how good things he says about it.
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Upgrade00
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April 26, 2022, 09:55:20 PM |
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With owning this huge platform of Twitter he can either break it or make it. I think.
No single social platform can make or break Bitcoin Let if adopts "doge" as some kind of default crypto currency for Twitter it will be huge move and might effect bitcoin bigtime.
No again. Twitter adopting doge would be good for the meme coin, but would have no long term effect on bitcoin. Or let say if come to sense and realizes the truth and embrace bitcoin I can't imagine how huge the green candle will be.
Do not place too much importance to an individual or company, Bitcoin is been adopted massivelyby different cooperations and is not sitting around waiting for approval from Elon Musk.
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24Kt
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April 26, 2022, 10:15:30 PM |
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With owning this huge platform of Twitter he can either break it or make it. I think.
No single social platform can make or break Bitcoin Let if adopts "doge" as some kind of default crypto currency for Twitter it will be huge move and might effect bitcoin bigtime.
No again. Twitter adopting doge would be good for the meme coin, but would have no long term effect on bitcoin. Or let say if come to sense and realizes the truth and embrace bitcoin I can't imagine how huge the green candle will be.
Do not place too much importance to an individual or company, Bitcoin is been adopted massivelyby different cooperations and is not sitting around waiting for approval from Elon Musk. Your points for me make sense as bitcoin market has been tested for more than a decade with so many factors already. This will not be the event that will determine the fate of bitcoin. It will just be another event in the crypto history. And by the way, is it too early to speculate on things? We don't even know what are the plans of Elon on twitter. We need something from him before we can discuss on what will be the impact of his plans to the crypto community.
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sheenshane
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April 26, 2022, 10:57:56 PM |
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He can shill all the time Dogecoin.
This is possible and we hope that it won't happen. But if he accepts Bitcoin as a payment in having crypto ads on that platform, that would have an effect on Bitcoin in the future. But this dude is pretty smart, we don't know what his next month and we can't predict it. Let's see what will happen next. For him, just free speech. https://twitter.com/elonmusk/status/1519036983137509376
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ThemePen (OP)
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April 26, 2022, 11:00:48 PM |
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And by the way, is it too early to speculate on things? We don't even know what are the plans of Elon on twitter. We need something from him before we can discuss on what will be the impact of his plans to the crypto community.
I also posted on probably bases. I am also not sure what will happen. And have used the words (let) and if (if). Because I also don't know what is the plan of Elon. And what is he thinking. But know that bigger minds always have bigger plans.
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April 26, 2022, 11:09:15 PM |
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Unfortunately this is a fact, everyone knows that the cryptocurrency market can be manipulated by a tweet of a big businessman!!! Although Elon Musk doesn't need to buy Twitter to manipulate the market but he does seem to like owning everything, however if the deal goes through and Bitcoin and Dogecoin are accepted as payment coins on Twitter we will surely see a big green candle in the market.
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April 26, 2022, 11:15:52 PM |
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As far as know, this man is a meme coin supporter. Not sure if he supports BTC as well as he did with meme coins.
Regarding the news that he just owned Twitter, it is too hurry if we conclude it as the beginning of big support for Bitcoin. Instead of supporting Bitcoin, it is probably a good sign for meme coin holders, especially Dogecoin. Elon Musk is well known as a supporter of Dogecoin, he may plan something big for Dogecoin by taking over Twitter.
However, no one really knows what Elon Musk plans in the future. Remember that Elon Musk doesn't only focus on crypto, he is the owner of Tesla. It will be more reasonable if he bought Twitter for the sake of Tesla marketing. Or he plans to build Twitter to be something bigger in the future.
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Vaculin
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April 26, 2022, 11:20:38 PM |
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He can shill all the time Dogecoin.
But still, no matter how hard he shills it. The market will still speak for itself. We're in an assuming bear market and it might continue to dip for some more.
Even how hard he shills his favorite coin, the market will still be the one to be followed by everyone no matter how good things he says about it.
Let him manipulate and shill on his favorite coins, but we won't let him manipulate our own thinking. In the future years, Elon will always influenced the people in the crypto market, but he can never manipulate bitcoin because bitcoin price will always follow its supply and demand. Although he can bring big effect in the crypto market in the future once he succeeded on Twitter, but we all know how deceptive he is, and that he will only do things for his own selfish desires.
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cabron
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April 26, 2022, 11:25:15 PM |
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Next news after all the paperworks related to the transfer is done would most likely look like this,
"Twitter accepts bitcoin and doge as payment for ads".
The bitcoin tipping feature through Strike's lightning network could be expanded too.
I'm hoping we won't see a "Twitter coin".
Twitter coin will be take over his doge if created. I wouldn't expect it. But doge could already be in his mind and Dorsey already tried BTC, I think deploying whats on their mind could already take Doge and BTC to mars. He seem to want to be the top figure of free speech on the internet which the twitter could be an example of his work that everyone can say something without censorship. TAking over twitter is already part of this democracy he demonstrate.
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peter0425
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April 26, 2022, 11:53:47 PM |
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You will agree Elon has really inspired many people to bitcoin his pro or against bitcoin tweet directly reflect the red and green candles on bitcoin charts.
With owning this huge platform of Twitter he can either break it or make it. I think.
Let if adopts "doge" as some kind of default crypto currency for Twitter it will be huge move and might effect bitcoin bigtime.
Or let say if come to sense and realizes the truth and embrace bitcoin I can't imagine how huge the green candle will be.
I think Elon's popularity in cryptospace will soon be gone , as nowadays? people in crypto starts to lose their Interest in everything that this clown deliver . yeah the market is still affected but we can see that it gets lessen along the way. so maybe in the next couple of years? he'll not be coming to make big effect in the prices and people here will never listen to his deliveries in time .
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Darker45
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April 27, 2022, 12:39:35 AM |
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Elon's pronouncements and actions could have somehow contributed to the movements of Bitcoin's price in the past. But I doubt they singlehandedly caused the reds and greens on Bitcoin charts. Neither will Elon's owning of Twitter will make or break Bitcoin. Elon has in fact grown to be a troll on the platform posting memes and sarcasm more often. His influence on Bitcoin has probably dwindled down to the minimum. Over Twitter, for example, people are somehow celebrating that a big HODLer of Bitcoin now owns Twitter. But look at Bitcoin's price.
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tranthidung
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April 27, 2022, 01:29:14 AM |
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From 50M followers, within one year, total followers of Elon Musk account on Twitter rises to over 80M. That's amazing and we can know how big impact his tweets can have on the crowd, not only restrict among his followers. Because from his followers, they will spread his tweets to more people globally, in seconds and short period. Elon and Tesla have big impacts on Bitcoin but just short term. It's stupid to say they don't have any impact on Bitcoin because of total followers of Elon, and total Bitcoin owned by Tesla [1]. Currently, they own 43,200 BTC that is not a biggest amount among other whales. However, they have biggest followers on Twitter and with tweeting style of Elon, he can make surprising tweets to shill or dump Bitcoin. Anyway, don't over FOMO or over panic with Elon tweets is my advice. Bitcoin will rise in long run because of its finite total supply that is repeatedly mentioned over social media. Don't fall into FOMO before and after each halving because you already know that information. Make your plans and accumulate Bitcoin until 99.2% of its total supply will be mined after the end of 2032-2036 epoch era. [2] [1] https://bitcointreasuries.net/[2] https://en.bitcoin.it/wiki/Controlled_supply
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ChiBitCTy
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April 27, 2022, 02:03:47 AM |
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Here’s my take on this.. I’m sure if you’re on twitter and follow Elon (who thanks you being the massive attention whore that he is) you’ve noticed how much him and Jack have been flirting with each other of late. Now I kid of course as I like Jack quite a bit and unlike Elon he knows quite a bit about bitcoin and cryptocurrency. Anyone notice of late how he’s not talked about doge or posted about it? My theory is Jack has gotten through to him, or is starting to. I think these guys are going to end up working on some sort of project together eventually, and quite possibly a crypto one. Jack understands doge is utter dog shit and is highly passionate about bitcoin and has probably been taking with Elon about it of late (among all sorts of other things of course). Here’s a recent round table of Elon, Jack, Cathie Wood (ARKK fund manager) discussing cryptocurrency/bitcoin. It’s embarrassingly obvious how little Elon knows about btc/crypto. He says some super cringy stuff! - https://youtu.be/ct8LRwVHYoo
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April 27, 2022, 03:28:54 AM |
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I believe that Musk's influence on the price of Bitcoin, as of today, is small. He had it last year, and it is inevitable that people will look at what he does and react in the short term to actions such as when he announced he was buying Bitcoin for Tesla and accepting Bitcoin payments. I personally don't care what he does and I don't think he's going to move the price of Bitcoin much some tweets.
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DanWalker
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April 27, 2022, 04:05:04 AM |
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I'm hoping we won't see a "Twitter coin".
This is a bad idea, I think Elon likes to hold and shill what he likes rather than creating a coin. If he wanted him to have done it before instead of he hold Doge and shill them. Doge will definitely have leaps when Twitter belongs to Elon, it can become a means of payment for Twitter. Now he will shill Doge whenever he wants because no one can stop what he wants to do on Twitter.
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