Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: TomPluz on February 21, 2021, 11:03:17 AM
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We know that lately the powerful influence of Elon Musk catapulted many coins into a very bullish state and we are still experiencing this excitement up to now, with some saying that we can be expecting the whole 2021 to be the pulsating year of cryptocurrency as more and more institutional money are getting into the party...and because the food, the music and the vibes are all excellent many are staying for good.
Elon Musk has been the man of the hour and I think there is no other current personality that is able to push cryptocurrencies to the "moon" or should I say to the Mars like him, though of course some are downplaying his contributions as he is not really behind any of these coins that we are talking about.
And that brings me to this topic: Will it be good to have Elon Musk himself introduce his own coin or token?
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Will it be good to have Elon Musk himself introduce his own coin or token?
TBH, we don't need any type of those coins from Elon Musk as i just wonder what type of productivity will have ElonCoin or MuskCoin. Also, it might create fomo among crypto users and at the end of that fomo, those coins might not have any fundamentals as well as values after all.
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If Elon Musk issues its own coin, it will be similar to Dogecoin and will make huge profits of 10-100X or more. There will be a huge hype and fomo around such a coin.
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We know that lately the powerful influence of Elon Musk catapulted many coins into a very bullish state and we are still experiencing this excitement up to now, with some saying that we can be expecting the whole 2021 to be the pulsating year of cryptocurrency as more and more institutional money are getting into the party...and because the food, the music and the vibes are all excellent many are staying for good.
Elon Musk has been the man of the hour and I think there is no other current personality that is able to push cryptocurrencies to the "moon" or should I say to the Mars like him, though of course some are downplaying his contributions as he is not really behind any of these coins that we are talking about.
And that brings me to this topic: Will it be good to have Elon Musk himself introduce his own coin or token?
IMHO, if Elon Musk is planning to launch its own cryptocurrency project, I'm sure that project will be a big hit because Elon Musk is so popular and many will ride and invest in the project. And of course, that project will have a use-case because Elon Musk is business-minded and genius thats why we can be sure that it was a legit.
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I asked that question a few days ago, but I didn't say anything about naming it or anything like that. If Elon Musk created his own cryptocurrency, I'm sure a lot of people would buy it simply because of who's in charge. In fact, a few days ago, Changpeng Zhao (CEO of Binance) spoke with Elon Musk on Twitter to give him advice on a possible creation of a new cryptocurrency. From the looks of it, we're not too far from seeing what this thread suggests.
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And what project he build? Rocket project? or just for fun just like doge coin.. I think no need to create his own coin, he is a billionaire and successful man but if someone make the eloncoin and Elon himself support that coin.. maybe it will go pump. ;D
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If this post is read by Elon Musk, I will say that he doesn't have to make coins himself, he is known as a very influential person in cryptocurrency now. But if one day it turns out that Elon Musk creates his own coin, I think many people will support him.
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If this post is read by Elon Musk, I will say that he doesn't have to make coins himself, he is known as a very influential person in cryptocurrency now. But if one day it turns out that Elon Musk creates his own coin, I think many people will support him.
If already his statement can radically change the state of affairs in the cryptocurrency market, then if he produces his own personalized coin, then all cryptocurrency users will definitely buy it. Although he really may not need it.
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I'm sure Elon Musk is already thinking this idea after he realized how the crypto currency is better for investment. If this will happen there will be another greatest pump of a Newman coin that will happen in the market and surely everyone will talk about it.
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The most paradoxical thing is that nothing can happen if he decides to create his own coin. At first, you can catch a hype, but in a more or less long-term perspective, nothing grandiose may happen.And judging by his statements, he is more aimed at becoming a holder of an already issued token than creating a new one, albeit his own.
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Elon musk a famous person who is enough to viral any coins within a second . If Elon musk launch a coins , it would be highly succeed like BNB or Dogecoin.
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The only reason why I will have any if they suddenly becomes a reality is if I can use it to buy a Tesla directly :D anything short of that is a waste of time,
On a more serious note, I bet somebody out there is already nursing the idea of creating an Muskcoin, this will have such a huge hype that it could sell out I'm seconds,
Cryptocians can buy anything provided it carries Elon Musk name on it ;D
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So far, he is not interested in that kind of creating ew [roejcts of them. The name of his name project will also not bring success because of the popularity but will also depend on how they manage and promote the projects. Bt so far. I don't think they will create such a project.
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It is possible for Elon Musk to think this. But I don't see he has a plan for this currently. He still enjoys tweets about Bitcoin or crypto as a whole. and we don't see he ever tell us his plan to be a developer of a crypto coin. He may think it is too risky to have an own crypto coin. Yeah, it is now but we don't know tomorrow if he changes his mind.
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I hope Elon won't launch the coin with his name like this. It will be a joke if he try to launch it and keep tweeting like doge coin before to pump the price. I hope ELon still continues to support Bitcoin or support BNB coin if he wants.
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It is unlikely that the issue of such a coin will take place ... US legislation will immediately squeeze on Elon Musk, which he hardly wants ... Moreover, the rate of such a coin will directly affect the reputation
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Don't trap by FOMO, never invest for the long term or buy a coin for trading because of FOMO. Thousand of coins out there and so many are potential and you try to look into this coin. I mean better play safe than gambling your money
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If Elon will create his own coin that will become the hottest coin in crypto. People that are dreaming to travel into Mars will rush to buy his coin as an early investors. But I think Elon will not launch his own crypto instead he will choose to invest in Bitcoin and some potentialcoins that he like the most.
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I haven't found any news or topic about whether Elon Musk will launch his own cryptocurrency or not. I can ask him in Twitter. :)
By the way, i don't think it's needed to create own cryptocurrency by Elon Musk. TBH it he wants to launch his own cryptocurrency, it won't be bad at all, rather it can bring more positive aspects and ground as well.
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I haven't found any news or topic about whether Elon Musk will launch his own cryptocurrency or not. I can ask him in Twitter. :)
By the way, i don't think it's needed to create own cryptocurrency by Elon Musk. TBH it he wants to launch his own cryptocurrency, it won't be bad at all, rather it can bring more positive aspects and ground as well.
Yesterday I just accidentally saw a news note that Elon Musk was discussing the possibility of issuing his own token due to the fact that many offer him to do this. He says that he really thought about this proposal and that it might be MarsCoin.
We will see what he decides in the near future.
Here, first of all, it is necessary to decide for what purpose it will be created and what will be its usefulness.
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Elon Musk, of course, has recently become very interested in cryptocurrencies, but I do not think that Elon Musk wants to create his own cryptocurrency, since he has a lot of other things to do and I don't think he has time to create his own cryptocurrency, although who knows, maybe in the future Elon Musk will create his own cryptocurrency, so anything can happen.
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I don't think that such a project will be successful, because it requires an ecosystem to work. What does Elon Musk have to offer? This should be a serious project because everyone knows his name.
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Your inference is very good, that ElonMusk can absolutely create a token, maybe ElonCoin or MuskCoin, or TeslaCoin, SpaceXcoin. However, I don't think Elon will risk to do so, since he won't risk his reputation. A crypto project does not simply rely on reputation or media, it need transparent and efficient tokenomics. I don't think Tesla or SpaceX need a separate token for payment. So will the economy on Mars in the future :)
If possible, I think Elon should issue NFT tokens to Tesla and SpaceX. Fans will be very excited to own and use them for receiving incentives when using Elon's services.
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It has been proven that Elon musk has a big influence in increasing the price of Crypto, I am sure if Elon musk made the Crypto project there would be many people who support it. And the coins produced by Elon Musk will be the coins that enter the top rank.
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@Octo I'm sure exchanges would kill each other for listing that coin. What I don't like about that idea is whether the success of that coin would be to present something truly revolutionary to the world of cryptocurrencies or it would only be successful because it is Elon Musk who launches it.
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If Elon Musk brings any coins to the market, I think the coins that will be the most expensive of that contemporary coins. Very beginning that can be less price but at a time that will be so high.
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Not a good idea to have Elon/Musk coins. These coins will be a meme coin or a coin that has the value from the hype factor only, not a strong coin to create. I prefer to not buy this coin if Elon Musk really creates the coins. I suspect that Elon Muck will manipulate the coin value at any time.
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I was also thinking or should I still waiting and hoping for him to introduce his coin. But I don't think he'll do so, he just prefer hyping them. If he eventually creates his own coin, with his status, the value of the coin will increase in no time.
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Against the background of the hype around the figure of Elon Musk, people will run and start buying up ElonCoin/MuskCoin (it does not matter what it will be called) without even delving into the essence of the project. The herd effect will be obvious))
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ElonCoin or MuskCoin will not be a bad idea if the coin will be powering a good solution with a good value and not another one of the so many shitcoins that are only taking advantage of the bull run to rally before dumping hard on innocent mind.
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I don't really see any reason of Elon Musk to have hi own coin, cause he is already a big supporter of doegcoin, which has driven the price and popularity high and also with the hug buy he made on bitcoin recently. If Elon Musk should have his own coin, it will not survive for the long run in the crypto space, cause when the price shoots up very high, with pumping its price, the dump will be so hard that it will or could lead to the total death of the coin. As a big supporter of doge coin, he should keep it that way and make his profits and fame there.