Elon Musk says the price of BTC will rise

[Abiky]

Yep, just like he didn't realize that BTC very much follows the stock markets. I think he is confused it with gold as that's the one that has negative correlation against stock market. But then again he talks what ever his fanbois want to hear so that he can enjoy the spotlight so he could be just out right lying.

Bitcoin is following the stock market because it's still not mature enough in the mainstream world. The new asset class (crypto) is only 13 years old, compared to stocks and even Gold. It's going to take quite some time before Bitcoin's market prices move independently from stocks, and even become immune from central banks' monetary policy changes. Once that happens, Bitcoin will be able to become a true store of value.

As for Elon Musk, no one really cares what he says (except newbies). He often "shills" cryptocurrencies to "pump" prices for his own benefit. But he isn't an expert or veteran in the crypto/Blockchain space. People should do their own research to determine whenever an specific cryptocurrency is worth the investment or all the other way around. While I'm pretty sure BTC's price will rise over time, that doesn't mean there won't be setbacks along the way. Prices will go down sometimes due to unfortunate events in the mainstream world. It'll be up to you to buy BTC at cheap prices to sell it at a higher price once the market turns bullish again. Who knows when the crypto winter will come to an end? Just my thoughts

[evichi]

Elon Musk, just like every other person in the crypto space, is entitled to his own opinion. It is left for us to weigh his views - as he obviously has reasons for saying so. The end of winter is around February, 2023, which perhaps means that the FTX collapse impact may have subsided and hopefully, the market may have returned to normalcy by then - and could be at its lowest then. The low price may trigger investors to buy bitcoin, leading to price increase - just my thoughts. Another player in the crypto space is Robert Kiyosaki (the author of Rich Dad Poor Dad). He said that Bitcoin may go as low as $10,000 because of the FTX crash (https://cryptonews.com/news/rich-dad-poor-dad-author-robert-kiyosaki-says-btc-will-bottom-at-price-not-worried-about-crash.htm). He also said that he will use the opportunity to buy more Bitcoin. Could this be the period (end of winter) that Elon Musk is referring to? Because buying will result in price increase. It is also possible that Elon may have plan to buy Bitcoin within that time. We all have our individual opinion but I think potential investors should take a closer look on the thoughts of these men - just my opinion.

[Reatim]

A few days ago, Elon Musk responded to a friend's tweet saying that the price of BTC may increase by the end of winter.  He also asked everyone to be patient.  It means that the future of BTCL is very bright and its price will increase.  We are all waiting for this winter to end and the market to return to its previous form.  InshaAllah the price of BTC and digital currency will return to the previous room thanks

did Elon twitted you also about this? because you seems to be trusting the hoax/tweet that easy lol

and who is ELon to call for this? yeah he bring big effect to the market as he is one of the wealthiest people in the world but remember that there is also small investors that can shake the market if joined together in their actions like us.

but if you truly believe in this then of course you are open to keep buying and holding (like what we mostly do as holders)

[Sayeds56]

Yep, just like he didn't realize that BTC very much follows the stock markets. I think he is confused it with gold as that's the one that has negative correlation against stock market. But then again he talks what ever his fanbois want to hear so that he can enjoy the spotlight so he could be just out right lying.

Bitcoin is following the stock market because it's still not mature enough in the mainstream world. The new asset class (crypto) is only 13 years old, compared to stocks and even Gold. It's going to take quite some time before Bitcoin's market prices move independently from stocks, and even become immune from central banks' monetary policy changes. Once that happens, Bitcoin will be able to become a true store of value.

As for Elon Musk, no one really cares what he says (except newbies). He often "shills" cryptocurrencies to "pump" prices for his own benefit. But he isn't an expert or veteran in the crypto/Blockchain space. People should do their own research to determine whenever an specific cryptocurrency is worth the investment or all the other way around. While I'm pretty sure BTC's price will rise over time, that doesn't mean there won't be setbacks along the way. Prices will go down sometimes due to unfortunate events in the mainstream world. It'll be up to you to buy BTC at cheap prices to sell it at a higher price once the market turns bullish again. Who knows when the crypto winter will come to an end? Just my thoughts

It is true  that experienced investors don't bother what Elon Musk say but it is important for them what FED chairman Powel will say on 14th December about interest rate increase which will determine the direction of market for coming weeks.

I think the correlation of Bitcoin with stock market is likely to continue during the bear run but as soon as Bitcoin enters in bullish phase, it will outsmart stock market.

[ARTURVH]

we know all of that is just Fomo, especially during a bear market like this, there are lots of investors or whales who want to take profits and can buy at a lower price again after the dump,
I'm sure Elon Musk is also doing the same thing, considering he's also very good at making markets crypto Fomo, just like it did last year when Doge hit a new all time high and made a few millionaires,
and maybe Elon will do it again too, whether it's in bitcoin or maybe in altcoins.

Elon made too much money in the last round of bull market, so he entered the encryption world without hesitation. He will stir up the situation in encryption more than once. He is the person chosen by God.

[Insanity]

Elon has also been pretty vocal that he thinks we're headed into a dangerous recession.  I think the yield curve would tend to agree with him.  Crypto is going to have a difficult time over the next year as the Fed realizes that it's going to cause an economic collapse if it doesn't pivot and begin lowering rates.  We've seen this all play out before.  I think the Fed is hoping that inflation keeps assets high enough that we avoid cascading liquidations among the big firms, which would be the difference between now and 2008, but the Fed rarely ever gets it right.  Cash will be King shortly I feel, but once this recession is digested I think we're all hoping for another bull run.

Yep, just like he didn't realize that BTC very much follows the stock markets. I think he is confused it with gold as that's the one that has negative correlation against stock market. But then again he talks what ever his fanbois want to hear so that he can enjoy the spotlight so he could be just out right lying.

Yes, he said what people most wanted to hear. Whether it's true or not doesn't matter, no one even knows if it's true or not. This is the result of market games. It’s not something that can be decided by one person. If all the crypto big Vs say that the bull market is about to start, then the bull market will really start.

Yes, I think so too. If the market is good then we will benefit a lot. Due to the bad market we have to face many problems. We see many people are facing loss from many places.

[Ani1985]

As investors who already know Cryptocurrencies, we should not be influenced by the issues or news from anyone, no matter he is a millionaire or large company, Crypto certainly has 2 potentials, namely drop or rising if we want profit then be sure to sell with conditions when rising.

[Abiky]

It is true  that experienced investors don't bother what Elon Musk say but it is important for them what FED chairman Powel will say on 14th December about interest rate increase which will determine the direction of market for coming weeks.

I think the correlation of Bitcoin with stock market is likely to continue during the bear run but as soon as Bitcoin enters in bullish phase, it will outsmart stock market.

Yes. We should expect further pain down the road as The FED continues to increase interest rates. But at some point, this will stop since central banks can't keep doing this forever. Once most of the world's largest central banks (especially The FED) stop increasing interest rates, it's likely Bitcoin's "bullish" phase will begin. Maybe by the end of 2023, we will see the light at the end of the tunnel? Things will get pretty interesting after the Bitcoin halving (2024), so it's best to buy "cheap" coins now to prepare yourself for that moment. Who knows if making the right decision would lead you towards untold riches in the not-so-distant future? Just my opinion

[Fredomago]

It is true  that experienced investors don't bother what Elon Musk say but it is important for them what FED chairman Powel will say on 14th December about interest rate increase which will determine the direction of market for coming weeks.

I think the correlation of Bitcoin with stock market is likely to continue during the bear run but as soon as Bitcoin enters in bullish phase, it will outsmart stock market.

Yes. We should expect further pain down the road as The FED continues to increase interest rates. But at some point, this will stop since central banks can't keep doing this forever. Once most of the world's largest central banks (especially The FED) stop increasing interest rates, it's likely Bitcoin's "bullish" phase will begin. Maybe by the end of 2023, we will see the light at the end of the tunnel? Things will get pretty interesting after the Bitcoin halving (2024), so it's best to buy "cheap" coins now to prepare yourself for that moment. Who knows if making the right decision would lead you towards untold riches in the not-so-distant future? Just my opinion

It happened before and it can be repeated after another halving, we never know what future will bring though, but if you have spare and you still trust this market better to focus in collecting / buying those cheap assets that you can take while we are still in the bearish state. Always keep in mind that there's no time frame. What is important is your willingness to keep holding until you achieved your target.

It's business and it will continue to impact the flow of money during bearish season, try to make a good use of these opportunities.

[Viscore]

You should have attached his tweet with your post to make it more interesting.

 But that is needless to say although names of such has a huge impact with demand-based assets such as cryptocurrencies or Bitcoin to be more specific. Anyone can say the same thing but only few could really put weigh on such statement. As he have mentioned, Bitcoin will but don't expect for an instant increase. On its application, those who could wait should hold because there might be months more before we see a clear sign of recovery. But at the end of the day, elon musk does not carry the fate of this industry, things might change so you choose what to do.

Regardless of what is Elon tweet, it’s a certain fact that bitcoin will never stay dumping all the time but it will surely recover and reach significant heights in due time. Although we can’t tell when its probably happening, but history has proven that bitcoin will never stop growing and increasing its value. So while bitcoin is still cheap at the moment, now is the perfect time to buy and hold more bitcoin and reap all the possible profits when the market turns bullish.

[DoublerHunter]

You should have attached his tweet with your post to make it more interesting.

 But that is needless to say although names of such has a huge impact with demand-based assets such as cryptocurrencies or Bitcoin to be more specific. Anyone can say the same thing but only few could really put weigh on such statement. As he have mentioned, Bitcoin will but don't expect for an instant increase. On its application, those who could wait should hold because there might be months more before we see a clear sign of recovery. But at the end of the day, elon musk does not carry the fate of this industry, things might change so you choose what to do.

Regardless of what is Elon tweet, it’s a certain fact that bitcoin will never stay dumping all the time but it will surely recover and reach significant heights in due time. Although we can’t tell when its probably happening, but history has proven that bitcoin will never stop growing and increasing its value. So while bitcoin is still cheap at the moment, now is the perfect time to buy and hold more bitcoin and reap all the possible profits when the market turns bullish.

^We should not listen to Elon Musk anymore, this could be his test if his tweet has an effect on the BTC price, when it has resistance in the market it could mean, his tweet is very effective. Remember Elon Musk is a manipulator of the price not only on his shitcoin but also in BTC. But yes, that is definitely right, BTC price history has proven that BTC price will always increase in the end and those people who patiently wait and hold in a long term will probably receive a better reward in crypto. There is Elon Musk or without, BTC price will grow when the price goes up.

[nakamura12]

^We should not listen to Elon Musk anymore, this could be his test if his tweet has an effect on the BTC price, when it has resistance in the market it could mean, his tweet is very effective. Remember Elon Musk is a manipulator of the price not only on his shitcoin but also in BTC. But yes, that is definitely right, BTC price history has proven that BTC price will always increase in the end and those people who patiently wait and hold in a long term will probably receive a better reward in crypto. There is Elon Musk or without, BTC price will grow when the price goes up.

You are right that we shouldn't listen but if someone doesn't listen to your advice then I have an advice to give that it is much better to compare what Elon musk twitted or whatever elon say about crypto to other people who give predictions and also their own prediction instead of using one prediction. The FACT is that no one will predict Bitcoin's price accurately but I do believe that someone may have predicted closer price or even being lucky about the prediction that is more closer to the exact price.

[Abiky]

It happened before and it can be repeated after another halving, we never know what future will bring though, but if you have spare and you still trust this market better to focus in collecting / buying those cheap assets that you can take while we are still in the bearish state. Always keep in mind that there's no time frame. What is important is your willingness to keep holding until you achieved your target.

It's business and it will continue to impact the flow of money during bearish season, try to make a good use of these opportunities.

Bear markets are unavoidable. They're part of the cycle of any market where assets are traded on a daily basis. Besides, crypto is not the only kind of asset that suffers from volatility. Stocks are also volatile, albeit at a lesser degree than crypto. History has shown us that crypto bounces back after each bearish period, so I'm confident the same will happen after the Bitcoin halving.

Elon Musk knows BTC is worth more than the current market price, especially since it's the future of money. If you buy now, you'll be able to reap huge rewards within the not-so-distant future. Who knows how far BTC will go? Just my thoughts

[Jatiluhung]

Bear markets are unavoidable. They're part of the cycle of any market where assets are traded on a daily basis. Besides, crypto is not the only kind of asset that suffers from volatility. Stocks are also volatile, albeit at a lesser degree than crypto. History has shown us that crypto bounces back after each bearish period, so I'm confident the same will happen after the Bitcoin halving.

Elon Musk knows BTC is worth more than the current market price, especially since it's the future of money. If you buy now, you'll be able to reap huge rewards within the not-so-distant future. Who knows how far BTC will go? Just my thoughts

Global economic conditions that are unstable or currently in a slump have indeed made all investment sectors experience a decline and have been in a bear market for a long time. and well this is a cycle that must be passed. and the process of accumulation must be carried out in a bear market. so we will expect a lot of profit when the bull market comes. and Bitcoin of course will bounce back. even today we see Bitcoin rising again bit by bit.

[AliErkic]

Elon Musk is a dipshit and got exposed, similar like Ripple was exposed.
Musk is still in denial but when his failed projects will pile up, he need to face reality. Maybe he'll finish Twitter, it's 100% garbage.

[sukmo]

Anyone can say the same thing but few can really weigh the statement. As he has mentioned, Bitcoin will see a rise but don't expect an instant boost. On implementation, those who can wait will have to wait as it could still be months before we see any clear signs of recovery. But in the end, elon musk doesn't carry the fate of this industry, things can change so it's up to you to choose what to do.

Maybe in my mind, Elon was just trying to reduce his investment if he had done so before. Because you didn't even mention the link to the tweet and a lot of people would find what you said above to be less credible.

I think you should also realize this. People don't even know about the exact time of the upcoming bullish trend. There's no ETA for when winter will end either.

[Thuy Anh]

We all want the price of Bitcoin to go up, why is the price of Bitcoin still going down. Many analysts say things could get better next year. I advise everyone to calm down and not trust others easily.


We all know that Bitcoin is about to be halved, and the price may rise slightly after the halving, because the media will write some articles about Bitcoin. But that doesn't mean much. I hope you invest carefully and don't buy all your money in Bitcoin.

[Lambe Ndumble]

Elon Musk would say Elon Musk stuff. Nothing new. He probably bought some bitcoin and wanted to pump his bag. Didn't work much this time around though. Remember what he did to Floki and Doge coin. He's that kind of person

After Elon Musk bought Twitter and accepted Crypto for payment including DOGE, it was natural that speculation in the market made Doge continue to increase, I'm sure Doge will be maintained so that one day we can increase at least to $ 1, of course we never know but with the data and facts that occur in making it. We are optimistic about the future doge.

[Questat]

^We should not listen to Elon Musk anymore, this could be his test if his tweet has an effect on the BTC price, when it has resistance in the market it could mean, his tweet is very effective. Remember Elon Musk is a manipulator of the price not only on his shitcoin but also in BTC. But yes, that is definitely right, BTC price history has proven that BTC price will always increase in the end and those people who patiently wait and hold in a long term will probably receive a better reward in crypto. There is Elon Musk or without, BTC price will grow when the price goes up.

You are right that we shouldn't listen but if someone doesn't listen to your advice then I have an advice to give that it is much better to compare what Elon musk twitted or whatever elon say about crypto to other people who give predictions and also their own prediction instead of using one prediction. The FACT is that no one will predict Bitcoin's price accurately but I do believe that someone may have predicted closer price or even being lucky about the prediction that is more closer to the exact price.

Maybe you are right but people are still bringing it here and believe what he say's on social media. Well, we can't disclose the fact that Elon Musk is very influential, he is famous on social media which is very easy for him to gain attention from the public. But what he said about "the price of Bitcoin will rise", I think he is right from that as he never mention when. Whether he is right or wrong, no one knows. In fact, everyone can make their own speculations based on their market understanding.

[nakamura12]

Maybe you are right but people are still bringing it here and believe what he say's on social media. Well, we can't disclose the fact that Elon Musk is very influential, he is famous on social media which is very easy for him to gain attention from the public. But what he said about "the price of Bitcoin will rise", I think he is right from that as he never mention when. Whether he is right or wrong, no one knows. In fact, everyone can make their own speculations based on their market understanding.

"The price of Bitcoin will rise" is what I think that Elon Musk believe and those who are influenced by him would make them think that Elon Musk post is a prediction of Bitcoin's price. Why I say that is because of BTC's current price is not the same as before. I am sure you know what I meant. You are right that he is very influential that's why there's still people who follow elon's post and bringing it here to discuss.