Will Bitcoin's Price be affected by this?

[CageMabok]

Of course it affects, but the influence of 1 or 2 people like Elon Musk will not be massive and occurs for a long time, we know that the current Bitcoin marketcap is more than $ 370 billion and what Elon Musk has saved is no more than 10% of the total marketcap , if he sells all the stock he has certainly will not be too influential.

That's if he himself doesn't have that much influence, but if some of his friends also sell all of their cryptocurrency asset holdings into the market, I think the effect of falling prices will be much greater than what is expected. Because Elon Musk's friends are big investors and investors in Elon Musk's business. And Elon Musk himself also knows that they can be an influence for the market if they move in unison to get the things they want in the not too distant future.

[bitgolden]

The logical people say that Elon and Twitter do not have any real power over bitcoin and its price and know the reality that it is only us, the buyers and sellers that decide the price of bitcoin. However, the people who are chasing hype end up making bitcoin price move based on the tweets, and actions of Elon and so forth to make it volatile again, so even though the logical ones are right, the hype chasers make it look like they are wrong.

So the wise thing is to stay away from this, but the risky move is to ride the wave and that will make sure that there are some people who will make a profit out of this, and that’s an important key element to what will happen.

[Nrcewker]

I can't imagine that this will do anything to help the price of Bitcoin, but I'd love to hear your thoughts on why you think Musk's purchase of Twitter might relate to the Bitcoin cryptocurrency.

I think Twitter and Cryptos are both in separate spaces.
Musk has purchased these for his own benefits. This won’t help the cryptos in any form, until and unless some miracles happens.
Mr Musk also don’t help in any price increase of cryptos, he just creates fake hype for it’s own benefits and sells when the price goes high.
Just a lame tactic to increase his wealth.

[BobK71]

I can't imagine that this will do anything to help the price of Bitcoin, but I'd love to hear your thoughts on why you think Musk's purchase of Twitter might relate to the Bitcoin cryptocurrency.

I think Twitter and Cryptos are both in separate spaces.
Musk has purchased these for his own benefits. This won’t help the cryptos in any form, until and unless some miracles happens.
Mr Musk also don’t help in any price increase of cryptos, he just creates fake hype for it’s own benefits and sells when the price goes high.
Just a lame tactic to increase his wealth.

Yes he does nothing for short term. The position he took from Doge Coin was profitable for him. Normally he purchases large amounts at low prices and sell at high prices. Investors may not realize it at first, but later they get it. When the investors get to know Elon Musk already he had done what he needed to do. His tweets currently have no value in the crypto market.

[decodx]

I can't imagine that this will do anything to help the price of Bitcoin, but I'd love to hear your thoughts on why you think Musk's purchase of Twitter might relate to the Bitcoin cryptocurrency.

I think Twitter and Cryptos are both in separate spaces.
Musk has purchased these for his own benefits. This won’t help the cryptos in any form, until and unless some miracles happens.
Mr Musk also don’t help in any price increase of cryptos, he just creates fake hype for it’s own benefits and sells when the price goes high.
Just a lame tactic to increase his wealth.

Yes he does nothing for short term. The position he took from Doge Coin was profitable for him. Normally he purchases large amounts at low prices and sell at high prices. Investors may not realize it at first, but later they get it. When the investors get to know Elon Musk already he had done what he needed to do. His tweets currently have no value in the crypto market.

Elon Musk has long been a controversial figure. There's no doubt that back in the day he was very influential in the space, bringing much needed attention to the industry. But that was then. Today Musk is irrelevant in crypto, and his recent tweet history only proves this point further. Nowadays, his tweets simply do not move the markets. There are no backed up claims, only baseless speculation that is ultimately uninformative at best, and misleading at worst. And while this fact may disappoint some of his fans and followers, it's simply a reality that those in crypto have to deal with.

[ShowOff]

Now, my question is what impact do you think Mr. Musk's purchase of Twitter will have on Bitcoin's price if he succeeds?

I don't see anything to do with bitcoin, but now I'd also like to hear your opinion on the same question.

I think the price of bitcoin will be affected if Elon Musk is willing to invest hundreds of millions of dollar in bitcoin right now. Obviously it will increase the demand in the market so can expect an impact on the price. But if he just buys twitter, it won't have any impact on bitcoin.

[bitterguy28]

So far, Elon Musk's tweets about bitcoin and good news about bitcoin have had no impact on bitcoin.
In fact, the pump is just a pump instead of changing the trend from bear to bull, because naturally this is a bear market where good news = nothing,
especially about Elon Musk buying twitter? haha of course it won't have an impact.

That is your word but what is the truth ?

Elon always makes the market shakes mate and if you are following the trend ? even shitcoin can have value once he pumped this so never under estimate everything that Elon can do .

specially twitter as one of the most popular social media in our time now? what could have the possible effect in crypto industry?

Of course it affects, but the influence of 1 or 2 people like Elon Musk will not be massive and occurs for a long time, we know that the current Bitcoin marketcap is more than $ 370 billion and what Elon Musk has saved is no more than 10% of the total marketcap , if he sells all the stock he has certainly will not be too influential.

that is the estimated Elon Holding but what is the truth?

[GeorgeJohn]

How does it relate in the first place for Bitcoin? I think it's out of the question between the deal of Musk to Twitter, it doesn't have to do with it. I think Dogecoin was more related to this discussion since it pump a little when Elon agrees again to buy Twitter (funny how people associate this kind of stuff). Unless he's back again with the sarcastic tweets involving Bitcoin.

You do you know that some just frame what just come to their mind to create thread,  so that is while it's necessary to scrutinized a thread before responding to it, indecencies that the body of the composition will be narrating another and the subject will use another thing as the letter heading, so it's very abnormal from my view of understanding of it.

[STT]

He did briefly post details of using doge as a system to regulate posting and ensure quality via some market price idea.   He then deleted it because its hard to make that true while also allowing the poor citizens able to post as easily as the better off and of course it would be uneven.   A good try at combatting spam perhaps, just having every post linked on a blockchain as a unique identity might be something but that is asking alot to implement.   Anyway the main idea is he is trying to integrate crypto still and that could easily count as good news in a speculative way even if the most likely outcome is he does nothing like a year back he just sold assets he bought.  In fact he might just sell twitter in future as well; I dont see how its core to his vision and its far too big to be a play thing that doesnt earn.

[EarnOnVictor]

I must say that I was surprised by this question, Elon Musk and Twitter's deal does not have a direct link with Bitcoin. What must have been confusing you is the reaction of the crypto when he (Elon Musk) tweets, but this deal in question has nothing to do with Bitcoin for now. More reaction could be triggered only if Elon Musk links the deal with BTC as a future plan in such a way that could either affect the coin negatively or positively.

A neutral takeover of a microblogging company can't hurt or help Bitcoin.

[Vinaa77]

Now, my question is what impact do you think Mr. Musk's purchase of Twitter will have on Bitcoin's price if he succeeds?

I think there is currently no ban on crypto services on Twitter. Crypto news can be published freely. If Elon Musk manages to buy twitter, of course the positive effect will certainly have on crypto, because he is also a crypto enthusiast. however other negative effects of course exist although we cannot assume at this time.

[kawetsriyanto]

If Elon Musk manages to buy twitter, of course the positive effect will certainly have on crypto, because he is also a crypto enthusiast. however other negative effects of course exist although we cannot assume at this time.

Positive or negative impacts depend on what Elon Musk does after he purchases Twitter. It cannot be predicted now.
Regarding the news, I didn't see any correlation or influence on Bitcoin price. If you see Bitcoin price is struggling, it is because of the demand on the market or manipulation done by whales. Everything looks normal, no significant move in Bitcoin price, which means nothing to influence the price to move lately.

[Wiwo]

Elon musk should just go ahead with the deal already, he has seen the potential of the private usage of Twitter which makes it hard for data loss since the security and privacy policy of Twitter is decentralized like other social media where users are restricted from changes on identity. One thing am sure of that Elon Musk's ownership will bring is the elimination of bots accounts on the platform, but aside from that, Twitter is highly decentralized and it will not be able to control its users' privacy.

[uneng]

Elon Musk has already worked to crash bitcoin price in the past, so nobody should expect he is going to work to impact bitcoin positively, because everything he aims is his self promotion and welfare, even if he has to destroy everything around to achieve it.

On the other hand, he might want to take advantage of bitcoin at some point again, then there is a possible scenario where he may try to promote bitcoin by integrating it to the twitter platform for tips among users, although for now it is very unlikely. There are higher chances he introduces dogecoin instead, although it is also a speculation from enthusiasts at this point.

Anyway, don't put any hopes, expectations and tokens on Musk. He is a treacherous individual.

[South Park]

Elon Musk has already worked to crash bitcoin price in the past, so nobody should expect he is going to work to impact bitcoin positively, because everything he aims is his self promotion and welfare, even if he has to destroy everything around to achieve it.

On the other hand, he might want to take advantage of bitcoin at some point again, then there is a possible scenario where he may try to promote bitcoin by integrating it to the twitter platform for tips among users, although for now it is very unlikely. There are higher chances he introduces dogecoin instead, although it is also a speculation from enthusiasts at this point.

Anyway, don't put any hopes, expectations and tokens on Musk. He is a treacherous individual.

This is the vision the community has of him and I cannot say that it is mistaken at all, since it is very unnatural that a person can go from fully supporting a project to a few days later begin to hate it, so Elon Musk only cares about what he can get out of this market by manipulating it, and the sooner the people realize what he is trying to do the sooner they will realize that he does not care about them at all and then they can stop following every single statement he makes in social media.

[Swordsoffreedom]

Elon Musk has already worked to crash bitcoin price in the past, so nobody should expect he is going to work to impact bitcoin positively, because everything he aims is his self promotion and welfare, even if he has to destroy everything around to achieve it.

On the other hand, he might want to take advantage of bitcoin at some point again, then there is a possible scenario where he may try to promote bitcoin by integrating it to the twitter platform for tips among users, although for now it is very unlikely. There are higher chances he introduces dogecoin instead, although it is also a speculation from enthusiasts at this point.

Anyway, don't put any hopes, expectations and tokens on Musk. He is a treacherous individual.

Honestly, I don't see any interest in bitcoin or cryptocurrencies from Elon what he wants is just for his own gain and he saw that it is possible to manipulate the market to make a profit for himself and he succeeded once in the past when shilling bitcoin and doge. Regarding the acquisition of Twitter, I think he has a plan for his business, he is quite busy with tesla and his other companies, and I don't think he has enough time to buy Twitter just for crypto purposes. Don't overestimate him as a true crypto fan with just a few tweets from him.

[Kadal Ijo]

The current bitcoin marketcap is around $365 billion, or 3 times my country's foreign exchange reserves, with a marketcap as big as it is now I'm not worried if someone sells all the bitcoins in stock, I'm sure no one will have more than 50% stock of the total bitcoin supply so even if he sold all stock I'm sure it won't matter.

[Marykeller]

Twitter is in no way affiliated with bitcoin price. Elon Musk buying Twitter is for his gain not for the gain of the bitcoin price. Now that Twitter is under his control, he would like to curtail all the unnecessary altcoin spamming happening on Twitter. The only relevance I see towards his Twitter buy is for Dogecoin to get more vulnerability. Elon Musk is a businessman, he doesn't get involved in what won't yield his gains.

[bestcoins1]

The current bitcoin marketcap is around $365 billion, or 3 times my country's foreign exchange reserves, with a marketcap as big as it is now I'm not worried if someone sells all the bitcoins in stock, I'm sure no one will have more than 50% stock of the total bitcoin supply so even if he sold all stock I'm sure it won't matter.

The scope will look very small if you only look at the foreign exchange reserves in your country, because in this world there are so many people who own shares and Bitcoins who are in different countries. And if everyone in this world releases their ownership into the market at the same time, I think it will be influential and can also damage the price if there are not many people who hold it in an instant.

[Sir Legend]

Many people are afraid that the price of bitcoin will drop significantly because there is someone who is said to have a large stock of bitcoins, FUDs like this are common, even more severe when many countries have officially banned bitcoin which will panic users in that country and in fact cannot make bitcoin drops.