Elon Musk won't save Doge or Bitcoin this time

[lepbagong]

Elon is only good if the market is bullish, why? because he is good in hyping the market, now that it's bearish, his charm will not work. And you know what? I think Elon Musk is very much ready to buy the dip and accumulate the coins that he would pump in the bull season, easy money for him because he has the influence but he will use it at the right time.

the influence he exerts because most of his followers are still fascinated by what he tweets will work. even though as an entrepreneur he is good at playing situations where it has and will happen. you're right mate, take him smart to play it and can't do what you say happens. especially after twitter is under his influence, there will be a lot that will be done to satisfy his interests as an entrepreneur who doesn't want to lose.

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[molsewid]

We are back to the 90s, the Fed raised the rates by 0.50% - nothing is going to stop the trend of further rate hikes - which in turn will keep on taking the air out of the balloon so called Crypto.

Before whatever does Elon Musk is tweeting, people started to make a panic buying in that token, sometimes maybe a shitcoin or what. People now  learn their lesson, they are now using their brain instead of following what will Elon is tweeting. It is true that Elon has a large amount of bitcoin holding but if it will not be enough if he want to dump it all. Before one tweet can increase the price of bitcoin, now Elon doesn't have the power he has before.

[amishmanish]

Doge is Musk's favorite pet, he fondles it and it rise up. But bitcoin is a different beast all together, don't expect musk to be capable of saving bitcoin. Bitcoin is far bigger than the empire of musk. In-fact more  entrepreneurs like musk will rise up from bitcoin economy in future. Even if musk doesn't support bitcoin bitcoin will find its way. It s a tech revolution not just a coin.

[Vaskiy]

Doge is Musk's favorite pet, he fondles it and it rise up. But bitcoin is a different beast all together, don't expect musk to be capable of saving bitcoin. Bitcoin is far bigger than the empire of musk. In-fact more  entrepreneurs like musk will rise up from bitcoin economy in future. Even if musk doesn't support bitcoin bitcoin will find its way. It s a tech revolution not just a coin.

The tech revolution is the future of financial system against the inflated currencies. Musk being a billionaire mostly thinks in a business perspective, so we can't expect him to be out of the market. Surely he'll have his own plans and recently he said that he won't be selling his cryptocurrency holdings. There is possible chances of him holding bitcoin along with dogecoin which is his favourite for now. Tomorrow he can change his mind towards something else.

[Asiska02]

Not only Elon Musk, I don't think there is any cryptocurrency influencer that can stop this market disaster. It has affected everyone including Elon Musk too, so there is no point of saving others if I was also affected.

Elon need not to be saved, he invested what he can lose. I don’t even think this market downfall will affect him or make him think twice about the investment he did here. He knows what the future holds for him to invest this much here. I only pity those that invested what they can’t lose as it maybe in this case of the market downfall we are currently experiencing.

[Oasisman]

Doge is Musk's favorite pet, he fondles it and it rise up. But bitcoin is a different beast all together, don't expect musk to be capable of saving bitcoin. Bitcoin is far bigger than the empire of musk. In-fact more  entrepreneurs like musk will rise up from bitcoin economy in future. Even if musk doesn't support bitcoin bitcoin will find its way. It s a tech revolution not just a coin.

Doge and Shib I guess. But yeah this is the perfect way to describe it. Bitcoin is a different beast that even his wealth, he cannot tame it.
Bitcoin have been performing very well before when Elon wasn't too loud about crypto or shall we say during the time when he was still skeptical about crypto.
He knows himself he can't manipulate Bitcoin so he then find Doge where he profited the most for sure.

[TheNineClub]

We are back to the 90s, the Fed raised the rates by 0.50% - nothing is going to stop the trend of further rate hikes - which in turn will keep on taking the air out of the balloon so called Crypto.

I don't think he ever saved Bitcoin. He's contribution to BTC is minor at best and people who think that his one tweet is making an overall diference. So we need to stop praising or vilifying him in case of crypto, there are so many factors at play here that we really don't need a scapegoat.

[coolcoinz]

Elon saving bitcoin? Who's going to save Elon then? Tesla stock is down 35% in the last 6 months and even more from its ATH? In traditional market this is a huge drop. Crypotocurrencies can easily go -50% and it's considered normal, but traditional stocks rarely go down more than 20% and if they do it's a bloodbath for investors.
Bitcoin doesn't need saving. It's on its way to $100k in the next 2 years.

[24Kt]

Elon saving bitcoin? Who's going to save Elon then? Tesla stock is down 35% in the last 6 months and even more from its ATH? In traditional market this is a huge drop. Crypotocurrencies can easily go -50% and it's considered normal, but traditional stocks rarely go down more than 20% and if they do it's a bloodbath for investors.
Bitcoin doesn't need saving. It's on its way to $100k in the next 2 years.

Maybe, Elon needs saving?  I am with you here, bitcoin doesn't need saving from any popular personalities out there. Bitcoin can stand alone without their help. Okay, given the fact that from time to time their tweets will give interest from newcomers but crypto market has been here long time without his participation. Now, that he sees that he can gain something from this market, hence, promoting some selected coins like doge to his own advantage.

[Kasabus]

We are back to the 90s, the Fed raised the rates by 0.50% - nothing is going to stop the trend of further rate hikes - which in turn will keep on taking the air out of the balloon so called Crypto.

Whatever the trend of the market right now, Elon Musk may be a great influencer but could do nothing about this. He's only good for hypes but still leave the market inevitably down after that. And with the market's condition right now, i don't think Elon can still save his dogecoin from dropping its own value. Except for bitcoin, because no matter how it drops its price, its still going to recover on their own.

[Lanatsa]

Elon saving bitcoin? Who's going to save Elon then? Tesla stock is down 35% in the last 6 months and even more from its ATH? In traditional market this is a huge drop. Crypotocurrencies can easily go -50% and it's considered normal, but traditional stocks rarely go down more than 20% and if they do it's a bloodbath for investors.
Bitcoin doesn't need saving. It's on its way to $100k in the next 2 years.

Maybe, Elon needs saving?  I am with you here, bitcoin doesn't need saving from any popular personalities out there. Bitcoin can stand alone without their help. Okay, given the fact that from time to time their tweets will give interest from newcomers but crypto market has been here long time without his participation. Now, that he sees that he can gain something from this market, hence, promoting some selected coins like doge to his own advantage.

Dont know on why they do really end up with that kind of idea that Bitcoin do need some saving which if we do mind off on whose the true savior is no one, it could move basing into buyers and sellers in the market

and considering the supply isnt just circulating on several person.Yes, there might be whales or big accumulators but doesnt mean that they could able to manipulate or move bitcoin as they do please to do so.

I wont be talking about his company Tesla in regards with negatives but one is sure that no one can control the market.

[Desmong]

We are back to the 90s, the Fed raised the rates by 0.50% - nothing is going to stop the trend of further rate hikes - which in turn will keep on taking the air out of the balloon so called Crypto.

I think you need to go and see for yourself the market history from the past to the current time. If the market falls, that does not mean that the market is not going to go up again. What goes down can come if the falls that is pushing it upward I'd more than the force that are sending it dip. The market don't always go the we we plan cause there are different forces that are sending to a particular direction

[rdbase]

Elon saving bitcoin? Who's going to save Elon then? Tesla stock is down 35% in the last 6 months and even more from its ATH? In traditional market this is a huge drop. Crypotocurrencies can easily go -50% and it's considered normal, but traditional stocks rarely go down more than 20% and if they do it's a bloodbath for investors.
Bitcoin doesn't need saving. It's on its way to $100k in the next 2 years.

Doesn't seem to be bothered with anything you said with his companies or stock prices of them.
He was talking with other billionaires of the world yesterday on topics such as twitter bots and climate change corresponding with Tesla of course.
So the usual.
Elon Musk on Twitter's bot problem, SpaceX's grand plan, Tesla stories, Giga Texas
https://www.youtube.com/watch?v=CnxzrX9tNoc

[Farma]

we don't need 1 person to push bitcoin price, or doge. after all, a coin is valuable because of its large community, not because of the influence of the richest people.
maybe Elon Musk can create a trend that can encourage people to buy bitcoin, but that doesn't seem like the development we want. it would be better if those people moved of their own accord. however, the price of bitcoin will rise sooner or later even without Elon Musk's support. I believe that there are very many investors out there ready to buy bitcoins.

[MARK21]

As I read out there, what does Elon Musk matter? He ruined said currency, however not everything was bad, since he promoted certain things. But we have to be honest, Elon Musk is not the best asset for cryptocurrencies, one day he supports and the next not? Too unstable.

[worle1bm]

Just need to ask that is Musk only the keypoint in running the whole market? If you see that bitcoin has grown to substantial levels without his support as he just started tweeting about this whole market when he got the richest man status and influence was setup for him but now it doesn't matter a lot.

He is backing up doge which is not going to survive without his support and he needs huge profits out of it nothing else so let him do that way.

[Zackgeno96]

Elon is not a savior of Doge or Bitcoin, he uses you and other crypto users who are rooting for him to make money for himself. Did you see how did he pump and dump the Bitcoin and accept Bitcoin in Tesla and afterwards remove it and sell his Bitcoin? He is just using community to hype the Dogecoin and sell it at the top and you call that savior?

[Get-Paid.com]

As I read out there, what does Elon Musk matter? He ruined said currency, however not everything was bad, since he promoted certain things. But we have to be honest, Elon Musk is not the best asset for cryptocurrencies, one day he supports and the next not? Too unstable.

He has his own interest just like everyone else.

[TheBEND.io]

Elon Musk is not a cryptocurrency saver, he is just another influencer, to whom people believe to much. But I accept the fact that soon Elon Musk would make a comment on this global crypto price drop. It wont have much effect, but, it will give hope for those who are new or came to crypto by Elon Musk's referral tweets

As to Bitcoin, it will be saved by itself. Like it usually does. How many times people buried Bitcoin ? This price drop will just +1 to current bury counter.

I agree that He is just fighting with everyone lol

[cdog]

Elon is not a savior of Doge or Bitcoin, he uses you and other crypto users who are rooting for him to make money for himself. Did you see how did he pump and dump the Bitcoin and accept Bitcoin in Tesla and afterwards remove it and sell his Bitcoin? He is just using community to hype the Dogecoin and sell it at the top and you call that savior?

I agree with your opinion, that Elon is not using doge to increase in crypto development because till now he has not received doge in payment for Tesla purchase, so what Elon said about doge is being hype from over-speculating, so there is nothing to follow for any news elon tweet, just a waste of time in my opinion.