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Author Topic: Elon Musk Shakes Bitcoin Price  (Read 5899 times)

Offline H2O

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Elon Musk Shakes Bitcoin Price
« on: June 04, 2021, 03:01:21 PM »
Bitcoin’s price dropped 7.6% from yesterday’s $39,250 closing to lows of $36,250 following a tweet from Elon Musk.

The Tesla and SpaceX founder, who has 56.5 million Twitter followers, posted a meme alluding to a relationship break-up with the hashtag “Bitcoin” and a broken heart emoji last night.

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Elon Musk Shakes Bitcoin Price
« on: June 04, 2021, 03:01:21 PM »

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Re: Elon Musk Shakes Bitcoin Price
« Reply #1 on: June 04, 2021, 05:17:00 PM »
As far as I've noticed Elon Musk's tweets about bitcoin, the value of bitcoins hasn't increased much. I don't think people trust him very much now. Because he has done this many times before. We never expect this kind of misleading information from big investors like him.
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Re: Elon Musk Shakes Bitcoin Price
« Reply #2 on: June 04, 2021, 06:01:23 PM »
Elon better go to Mars or somewhere else. It manipulates the market enough. Let's say that when Btc doesn't really give you the income you expect, why do you tweet so that you can quietly sell and get rid of it. Especially Doge coin investors, be careful. Doge has been shilling for a long time, if tomorrow one day the doge says he broke my heart, the doge will find himself in the vacuum of space and will not come back to himself.

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Re: Elon Musk Shakes Bitcoin Price
« Reply #3 on: June 05, 2021, 07:23:54 AM »
Musk certainly influences the BTC rate with his tweets. Many consider him incompetent in matters of the crypto industry, but at the same time, he is a major player and can manipulate the exchange rate of coins. Investors at this conference in Miami did not see the support of large players and we see that many are closing positions on BTC and the rate is falling.

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Re: Elon Musk Shakes Bitcoin Price
« Reply #4 on: June 05, 2021, 10:01:49 AM »
Musk is just hyper. When will they stop paying attention to it

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Re: Elon Musk Shakes Bitcoin Price
« Reply #5 on: June 05, 2021, 08:19:47 PM »
Elon Musk commented on the price of Bitcoin, which has risen slightly since then.  The biggest investor is Elon Musk, of course, after he commented on the price of Bitcoin.  He commented the most Doge Coin No Coin’s price must have pumped.
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Re: Elon Musk Shakes Bitcoin Price
« Reply #6 on: June 05, 2021, 09:02:41 PM »
Bitcoin’s price dropped 7.6% from yesterday’s $39,250 closing to lows of $36,250 following a tweet from Elon Musk.

Looks like, Elon or his friends aren't finished with accumulating bitcoin and that's why he did that type of thing so that they can accumulate more bitcoin in their portfolio. Also today, few fuds create great impact on the price of bitcoin and it's dropped from that price level as large number of cryptocurrency KOL accounts have been blocked on Weibo which is knows as China's Twitter. This is really bad news and bitcoin dumped after circulating this news. TBH, we shouldn't miss the dip again as there is a great chance of rebound as taproot is on the way.
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Re: Elon Musk Shakes Bitcoin Price
« Reply #6 on: June 05, 2021, 09:02:41 PM »


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Re: Elon Musk Shakes Bitcoin Price
« Reply #7 on: June 05, 2021, 11:59:37 PM »
He is a famous person, so it is possible he has the power to shake the Bitcoin price. However, ideally, the impacts of his tweets won't last a long time. After few days, the impacts should be weaker and weaker. Except if he constantly tweets something bad about Bitcoin and crypto, the impacts can be longer. In this situation, it is better for us to calm and not panic. Elon Musk must stop it, he won't have time to always spreading FUDs or bad news about crypto and Bitcoin.

« Last Edit: June 06, 2021, 12:03:31 AM by alltalk »
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Re: Elon Musk Shakes Bitcoin Price
« Reply #8 on: June 06, 2021, 03:27:01 PM »
This is very bad news for cryptocurrency users.Everyone is disappointed when the price of Bitcoin goes down because cryptocurrency users dream that Bitcoin will reach a better level.Just as Elon Musk's positive tweets are market up, so are negative tweets. Why he tweeted like that is a matter of concern.
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Re: Elon Musk Shakes Bitcoin Price
« Reply #9 on: June 06, 2021, 08:09:21 PM »
Yeah, it shows how vulnerable this market is, the disadvantage side of decentralized space, because in the stock market where their is strictness and control Elon wouldn't dare to do stuff like this without him facing the law, but in crypto everyone is free to do and behave irresponsibly, he is busy playing with peoples investment, some their life savings and he doesn't care, this is one thing i don't like so much about crypto, lack of control and regulation.

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Re: Elon Musk Shakes Bitcoin Price
« Reply #10 on: June 07, 2021, 03:58:26 AM »
Of course, the price of the coin that Elon Musk comments on in the cryptocurrency market rises overnight. When he said that Telsa company will accept bitcoin transactions but then it was seen that various types of commercial transactions have been done through bitcoin. After a while, the price of Bitcoin has increased like a bull race. Of course I think the cryptocurrency market depends on Elon Musk's words.
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Re: Elon Musk Shakes Bitcoin Price
« Reply #11 on: June 07, 2021, 09:38:45 AM »
I'm surprised by Elon Musk, he has so much control over the price of BTC, but his followers don't think if they hold Bitcoin for the next 5 years the price will go up by more than $100k.
Elon Musk seems to want to choose other coins such as ETH, I see he is interested in the ecosystem that has been developed by Vitalik.
Let's see what happens after he tweets the Bitcoin, I hope the price can go up, but a price drop below $35k is needed 24 EMA before hit $40k

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Re: Elon Musk Shakes Bitcoin Price
« Reply #12 on: June 07, 2021, 11:58:38 AM »
Elon Musk is one of the richest people in the world and a famous person.He was the first to join the cryptocurrency and tweeted about bitcoin and doge coins.As a result, their prices skyrocketed.He announced that Bitcoin, the best coin in the cryptocurrency, could be used to buy Tesla cars.But he rescinded his announcement shortly after the announcement, saying his Tesla cars could not be purchased with Bitcoin.If Elon Musk comments again on Bitcoin, the price of Bitcoin could rise again.

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Re: Elon Musk Shakes Bitcoin Price
« Reply #13 on: June 07, 2021, 12:04:16 PM »
Elon Musk is one of the richest people in the world and a famous person.He was the first to join the cryptocurrency and tweeted about bitcoin and doge coins.As a result, their prices skyrocketed.He announced that Bitcoin, the best coin in the cryptocurrency, could be used to buy Tesla cars.But he rescinded his announcement shortly after the announcement, saying his Tesla cars could not be purchased with Bitcoin.If Elon Musk comments again on Bitcoin, the price of Bitcoin could rise again.

Neither Bitcoin nor cryptocurrencies need a billionaire buffoon like Elon Musk, his intentions have been very clear, as has his way of seeing people (as idiots), the same can be said of Tesla. Bitcoin and the rest of cryptocurrencies with a future and use cases will continue to exist and improve over time without the need for external elements.
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Offline Triedboy

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Re: Elon Musk Shakes Bitcoin Price
« Reply #14 on: June 07, 2021, 12:14:37 PM »
The price of Bitcoin currently rising must exceed $50k. But a few days ago Elon Musk said that the price of Bitcoin has dropped by about 50-60% for tweeting negatively about Bitcoin. But again I saw Elon Musk saying something positive about Bitcoin. The price of Bitcoin is increasing by some means. Of course the price of Bitcoin will break the previous record but we will have to wait for some time.
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