Elon Musk has to much influence on Cryptocurrencies

[BradSow]

We all have witnessed the power and influence of Elon Musk on cryptocurrencies. It makes me wonder why Elon send out tweets on purpose to influence the price going up and down on BTC and Dogecoin. What do you think? Is there a hidden agenda?

Whatever Elon tweets it will effect the price, check out: Elon Musk Shows Interest In Green Bitcoin Mining Operations Helping BTC Surge to $40,000

[trauchot]

Indeed, Elon Musk's tweets have a very strong impact on the cryptocurrency market and it is difficult to understand why Elon Musk has recently begun to write very actively about cryptocurrencies, well, at first it was clear, because Tesla was accepting bitcoins, but now Tesla does not accept bitcoins, but Elon Musk still writes about cryptocurrencies and most likely he does this because he invested in cryptocurrencies.

[tonymillions84]

Let me remind you that he will loose it soon. the same thing happened to john whom was among the first to recognised crypto, he is cooling off in prison. Elon might has his stock affected if he continues playing with the market. it is a matter of time and not when. it is well known that he has a large support from in his community but he failed to recognized the impact

[Freemind]

One thing I don't understand is to associate everything Elon Musk says with the rise or fall of the value of Bitcoin. There are many other external elements that affect the value and it doesn't have to be what this guy says. If Elon continues to proclaim himself a spokesman or something similar for Bitcoin or cryptocurrencies in general, he will end up worse than John McAfee.

[robert20]

Thus is because of the new people who joined the crypto recently. they dont have much knowledge about crypto also they dont have strong belief on crypto for long term. These types of people get panicked and sell off and crash the market. People lose their money but these manipulators make really very big amount of money from it like elon musk is making now.

[nicecrypto]

One thing I don't understand is to associate everything Elon Musk says with the rise or fall of the value of Bitcoin. There are many other external elements that affect the value and it doesn't have to be what this guy says. If Elon continues to proclaim himself a spokesman or something similar for Bitcoin or cryptocurrencies in general, he will end up worse than John McAfee.

I definitely agree with you. bitcoin has had all these similar circles in the market in previous years without Elon musks tweet and even though he might have contributed to the recent dip in the cryptocurrency price for personal gains, all dips and rise in Bitcoin price cannot be because of Elon says this and that and i too believe he will fall off soon.

[Freemind]

I definitely agree with you. bitcoin has had all these similar circles in the market in previous years without Elon musks tweet and even though he might have contributed to the recent dip in the cryptocurrency price for personal gains, all dips and rise in Bitcoin price cannot be because of Elon says this and that and i too believe he will fall off soon.

Reading some of the tweets, sometimes I don't know if Elon Musk is speaking or if a child is speaking, from the statements he makes. That is why every day he reminds me more of McAfee, when he started talking and talking while people listened to him. I hope Elon doesn't end up like McAfee and knows how to shut his mouth in time. It would be a way of showing people that he still hasn't lost his mind forever.

[gurunanakji777]

Yes, we can not deny Elon has too much influence on cryptocurrencies, and in my opinion individual influence is not good for the crypto market because their statement can shake the market even in the recent time we see how the market behaves when he tweets. I don't know is there any hidden agenda or not but I know he is a big player he can affect the market to some extent but I believe soon his tweets will not work like McCafe.

[rizqillah]

We all have witnessed the power and influence of Elon Musk on cryptocurrencies. It makes me wonder why Elon send out tweets on purpose to influence the price going up and down on BTC and Dogecoin. What do you think? Is there a hidden agenda?

Whatever Elon tweets it will effect the price, check out: Elon Musk Shows Interest In Green Bitcoin Mining Operations Helping BTC Surge to $40,000

Of course, because he is  famous person and has big companies.
He can influence many people to invest in crypto currency.
I see his tweets make crypto currencies dump now.
But I think It's just correction as Same as Joe biden talk about tax.
Negative news will influence crypto currency temporary, not for long.
I believe crypto market will rise again soon.

[lepbagong]

We all have witnessed the power and influence of Elon Musk on cryptocurrencies. It makes me wonder why Elon send out tweets on purpose to influence the price going up and down on BTC and Dogecoin. What do you think? Is there a hidden agenda?

Whatever Elon tweets it will effect the price, check out: Elon Musk Shows Interest In Green Bitcoin Mining Operations Helping BTC Surge to $40,000

In fact, this is of course not good for the development of crypto in general, because what @elonmusk said only worsened the atmosphere, because it caused panic among investors so that they did things that were harmful to themselves. Whatever is said should not be overlooked, because he know as a businessman, of course, there are certain contents that lead to the intention of looking for profit, if it continues like this he will make big profits from investors who do not have a stand.

let what is said is a ripple like what has happened in other social media and should not be overly raised.

Of course, because he is  famous person and has big companies.
He can influence many people to invest in crypto currency.
I see his tweets make crypto currencies dump now.
But I think It's just correction as Same as Joe biden talk about tax.
Negative news will influence crypto currency temporary, not for long.
I believe crypto market will rise again soon.

We can agree, @elonmusk has a lot of followers on twitter and what is clearly said will spread quickly and will be retweeted to several social media and that is precisely what he want because there will be ripples in bitcoin. does he not have a certain content as a businessman? clearly there must be and we can do not know so far, but clearly the main intention of a businessman is profit.

It seems that after several times @elonmusk always tweeted on its media, people started to know and got used to it. then it will disappear by itself and bitcoin will be able to return to increase until the end of this year. we hope things go the way they should.

[H2O]

One of the main reasons for the current market crash is Elon Musk's unequivocal tweet.  Elon Musk says I've sold all my bitcoins but I haven't sold any Dogecoin.  Since then, the cryptocurrency market has undergone a major transformation.

[Evgenklm]

It is clear to everyone that he has his own hidden interest in this, perhaps he bought coins that he so promotes on Twitter, or really likes the blockchain technology...no, rather speculates on the price, for its own benefit.

[Peter Fox]

Elon Musk, in addition to being an excellent engineer, is also an excellent manager and PR man. Perhaps he is purposefully promoting the cryptocurrency and then putting it back down. In any case, he talks about her and thus pays more attention to her. Moreover, when he talked about bitcoin it looked serious, but when he started talking about dogecoin it became like some kind of joke.

[Debasco]

Yes ok, he is the major influence in the crypto world, because whatsoever he says has a huge impact in the market, and thereby affect the market price at large

[Master107]

Influence is unquestionable since Elon is the star of Tesla and SpaceX and now Dogecoin. When he Started talking about crypto, the people are got/get hype and some are overthink the simple tweet.

With or without Elon, Bitcoin and crypto will react in the same way. It just happened that Elon is influential and can hype any particular coin but couldn't influence the whole crypto ecosystem.

He has a role and guts to attract more investors to invest in crypto.