Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: BradSow on May 27, 2021, 11:29:46 AM
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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 (https://www.worldcoinindex.com/news/elon-musk-shows-interest-in-green-bitcoin-mining-operations-helping-btc-surge-to-40-000)
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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.
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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
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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.
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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.
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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.
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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.
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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.
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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 (https://www.worldcoinindex.com/news/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.
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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 (https://www.worldcoinindex.com/news/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.
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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.
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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.
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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.
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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
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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.
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I follow Elon's life and work a little, and I can assume the following.. I can see that when he made the tweet about Dogе, he didn't plan for this outcome. He did not write the tweet "Buy Doge", there was only one word "DOGE" the rest was invented by his followers themselves. There was no call to buy or sell from Musk. I believe that he is not guilty of anything, in what many users accuse him of.
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In fact, the current situation in the market is due to the CEO of the only car dealer Elon Musk. There are different traders all over the world. These businessmen follow rich people. Elon Musk has been writing about Bitcoin at various times in the current market. Constantly commenting on Bitcoin i.e. the cryptocurrency market. At first Tesla accepted bitcoin, but now Tesla does not accept bitcoin. So many people blame Tesla for reducing the price of Bitcoin in the market.
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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?...
Undoubtedly, Elon Musk is interested in cryptocurrency and we know for sure that his company Tesla bought BTC for $1,5 billion. The profit from investing in BTC was much higher than the profit that Tesla received from the sale of cars for 1 year.
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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 (https://www.worldcoinindex.com/news/elon-musk-shows-interest-in-green-bitcoin-mining-operations-helping-btc-surge-to-40-000)
Tesla has many Business Partners, followers and a number of employees in several divisions, it seems that Elon Musk's followers and a number of employees who invest in crypto look panic because Tesla does not accept Bitcoin again,but until now Tesla still have a number of Bitcoin.
Elon Musk didn't actually influence the crypto market, it happened by chance, because we have seen many other big investors who have never tweeted like him, but have large amounts of Bitcoin in their wallets.
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I believe sooner or later people would not be taking Elon Musk tweet very serious again, he purposely using his wealth to create FUDs in the market unfortunately a lot of traders and investors were liquidated as a result of his tweets, I know all these hype wouldn't last long while his tweet wouldn't have much influence on the price of bitcoin and the price will surely normalize quickly without the usual massive dumping.
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I believe sooner or later people would not be taking Elon Musk tweet very serious again, he purposely using his wealth to create FUDs in the market unfortunately a lot of traders and investors were liquidated as a result of his tweets, I know all these hype wouldn't last long while his tweet wouldn't have much influence on the price of bitcoin and the price will surely normalize quickly without the usual massive dumping.
Those who have not lost money listening to Elon Musk will continue to trust him, on the other hand, those who have not had so much luck with Doge, for example, will no longer listen to his words. It is sad that it is so, but sadly it is the only way that people learn, when they lose money, and unfortunately every day there will be more people affected.
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No doubt the recent event has made us accept the fact that Elon musk has an influence on crypto, his tweets contributes to the price movements as well, I guess because of he is the richest man and also very popular, since he showed interest in crypto! A lot of crypto users has been following up his tweet because there believe with his worth he can really in influence the crypto market price.
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It is because he is one of the richest people in the world, a very famous person, and he has many followers. So, people focus on what he tweets and also what he said. With this power, he can do anything and whatever he wants. However, I am sure that his power is also limited because many old members in crypto will not be influenced highly by him
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indeed elon musk really influenced crypto price, it all started when elon bought some bitcoins and it made bitcoin price soar and it really affected almost all crypto, and now elon made a little negative twett about bitcoin it was very influential and made bitcoin price go down.
and now elon is fighting for doge, and that proves to make Doge soar.
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indeed elon musk really influenced crypto price, it all started when elon bought some bitcoins and it made bitcoin price soar and it really affected almost all crypto, and now elon made a little negative twett about bitcoin it was very influential and made bitcoin price go down.
and now elon is fighting for doge, and that proves to make Doge soar.
Elon made a little negative tweet???. Elon and Tesla have lied and laughed at people, especially everyone who blindly follows him. And every day it becomes clear that people have bought into Doge and made him more popular on the crypto scene and beyond for the influence and words of Elon Musk. Who does not see things as they are, must stop and think.
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Elon made a little negative tweet???. Elon and Tesla have lied and laughed at people, especially everyone who blindly follows him. And every day it becomes clear that people have bought into Doge and made him more popular on the crypto scene and beyond for the influence and words of Elon Musk. Who does not see things as they are, must stop and think.
why am i talking about making only a few negative tweets, because it's not every day / time elon makes negative tweets about bitcoin and some crypto.
only at certain times and it really affects the price of bitcoin, here I am thinking what if elon talk negatively about bitcoin all the time on Twitter? I can't imagine it.
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Elon musk has a big influence on cryptocurrency because he is a very rich person. Therefore every tweet on Twitter gets a lot of attention from the public, and it is actually dangerous if Elon musk exploits this power to manipulate the price of Crypto so that he can make a big profit.
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Never believe a businessman where they can do anything for their business purpus and i think Elon mask also did that. Obviously he made calculation before tweet and also made preparation for benefit and after that he knock in right place. After his gain profit he again trying to down market by his different kinds of works or comments and i think he will again hit this market within few days.
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Never believe a businessman where they can do anything for their business purpus and i think Elon mask also did that. Obviously he made calculation before tweet and also made preparation for benefit and after that he knock in right place. After his gain profit he again trying to down market by his different kinds of works or comments and i think he will again hit this market within few days.
Yes, I think we should be ourselves.
Because many big investors will play their fud, and they will buy more when the market down.
We as trader or little Investor must be calm and have good strategy.
Elon musk tweet has effected the big dump of bitcoin.
Chinese government too, refused crypto currency at there.
I still believe the market will recovery again mate. Please wait.
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Never believe a businessman where they can do anything for their business purpus and i think Elon mask also did that. Obviously he made calculation before tweet and also made preparation for benefit and after that he knock in right place. After his gain profit he again trying to down market by his different kinds of works or comments and i think he will again hit this market within few days.
Yes, I think we should be ourselves.
Because many big investors will play their fud, and they will buy more when the market down.
We as trader or little Investor must be calm and have good strategy.
Elon musk tweet has effected the big dump of bitcoin.
Chinese government too, refused crypto currency at there.
I still believe the market will recovery again mate. Please wait.
That's right, you say. In this market, "not being able to wait is to lose in advance without starting the game", I have not seen such an effect on the opinion of a crowd of people by one person for a long time. And the most interesting and sacred thing is that Elon Musk "the man is not from the crypt" It will be interesting to see whether Vitalik Buterin's remark will affect the crypto community and how this influence will affect the currency that he will promote)
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Therefore every tweet on Twitter gets a lot of attention from the public, and it is actually dangerous if Elon musk exploits this power to manipulate the price of Crypto
Yes, and he really did it. I can say he manipulate the crypto market by tweeting a meme coin like Doge and then trying to influence Bitcoin. Sadly, currently, he tries to know how big the impacts of his tweets by issuing negative sides about Bitcoin and he stated that his company (Tesla) will be no longer accepting Bitcoin as the payment tool. Well, he seems to be successful to determine how big the impacts of his tweets on crypto.
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Never believe a businessman where they can do anything for their business purpus and i think Elon mask also did that. Obviously he made calculation before tweet and also made preparation for benefit and after that he knock in right place. After his gain profit he again trying to down market by his different kinds of works or comments and i think he will again hit this market within few days.
These people do have a purpose with what they say. Actually, we shouldn't be influenced by them, but because their power is too great, we are finally helpless.
The most important thing is that we take care of our assets, when we see that there will be a price decline from what they say, then as soon as possible we must secure our assets.
And when the price really has a big dump, we can buy a larger amount of coins.
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Elon musk have Tweet have really don bad in Cryptocurrency Elon musk is really having influence in Cryptocurrency but I believe he should just stop manipulating the market or with time he will definitely lose the respect people are having for him. I believe with time people stop listening to him I believe he should just post once in a while.
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Elon musk have Tweet have really don bad in Cryptocurrency Elon musk is really having influence in Cryptocurrency but I believe he should just stop manipulating the market or with time he will definitely lose the respect people are having for him. I believe with time people stop listening to him I believe he should just post once in a while.
Elon Musk has been losing credibility for weeks, ever since he decided (with his team of advisers) that Tesla was not going to accept Bitcoin as a payment method. Now it is not clear what he is doing on Twitter, because it seems that he is "moving away" from Bitcoin to focus more on Doge. Every day more people blame him for the market crash, we'll see how he comes out of this.
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Just because Elon Musk is a rich man, Billionaire who has a lot of money that He has great influence. But actually we should not get lost in every tweet on Twitter because it will only lead us into darkness. Elon Musk does it all is his business that aims to make big profits.
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We have noticed that Elon Musk is influencing the crypto market both positively and negatively. When he tweeted first about bitcoin, its price went up very fast. Gradually it touched 64k which was the highest for the bitcoin. But now is falling and falling. Why is it falling? Here Elon Musk is again responsible. But is surely a bad signal for market when one person is responsible for the whole. It is very much need to free the market from this impact. Otherwise many investors and traders will be bound to go out from the market.
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I used to be a fan of Elon Musk, until he officially pumped DOGE and BTC. This manipulation is making the market vulnerable and many investors suffer from FOMO or FUD, as a result they lose a lot of money. Elon Musk just tweeted about BTC and BTC price has dropped.
I hope the impact of Elon Musk's tweets on crypto market will decrease in the future.
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Elon had no influence on nothing only people are dumb and allow themselves to be led by an immature dojo, btc has been in existence for so long now, Elon only recently invested in btc then why do people now think he knows so much about crypto, and here we are hoping for government adoption when we are easily frightened by a useless tweet.
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Very recently there has been a major change in the cryptocurrency for some of Elon Musk's nonsense tweets which is undermining Elon Musk's reputation among the people. Most of the big investors don't believe in Elon Musk anymore but they call Elon Musk a cryptocurrency traitor.
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The Bitcoin market started to decline again after Elon Musk tweeted last night but the market has started flying again since yesterday. None of you will listen to Elon Musk.
(https://i.imgur.com/023O8c1.jpg)
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Recently, more and more Elon Musk is being criticized, and people who negatively relate to his tweets more and more, soon his tweets will not be perceived and his speculation in this area will lose meaning, because in this way he negatively affects the market as a whole.
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Recently, more and more Elon Musk is being criticized, and people who negatively relate to his tweets more and more, soon his tweets will not be perceived and his speculation in this area will lose meaning, because in this way he negatively affects the market as a whole.
I think it is normal to speak negatively of what Elon Musk has done. His actions and words have led him to demonstrate how to lose the respect of a community in a matter of weeks. No matter what money he has or his companies, it is all about credibility, and he has already lost it completely. What Elon does from now on will mark a before and after in that credibility.
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Elon only recently invested in btc then why do people now think he knows so much about crypto.But actually we should not get lost in every tweet on Twitter because it will only lead us into darkness.Elon Musk does it all is his business that aims to make big profits.
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Yes, you are right, it is not nice from him! He is abusing his position to make it a free time activity for price movements. He should really care more if he makes a news, he can conflict people's investments.
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Like or not, this is the reality that happened if Elon Musk took place very large in Dunai Crypto. I don't know what the true purpose of the person is. Since there was a world of Crypto running indiscriminately. Many surprising and outside of analysis things. Well, indeed he is a Big Infuelncer and I really don't like it.
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Yes, you are right, it is not nice from him! He is abusing his position to make it a free time activity for price movements. He should really care more if he makes a news, he can conflict people's investments.
Of course, Elon is abusing his position. This is how billionaires have gotten to where they are now, abusing. He is very aware of what he does and says, although later he says that it has nothing to do with one thing or another, he is orchestrating everything so that Doge, for example, can go where and when Elon wants.
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No wonder people like Elon Musk have a huge influence on the Crypto market today. First, he is a rich man, and second, with his wealth, Elon Musk wants to invest in crypto, be it BTC or other coins.
Although many rich people comment on Crypto, but if that person is not included in it then it will not have a big influence.
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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 (https://www.worldcoinindex.com/news/elon-musk-shows-interest-in-green-bitcoin-mining-operations-helping-btc-surge-to-40-000)
If you talked about Elon musk had to much influence on crypto currency, because He is big investor and famous person.
But I see other big investor already against this people.
Because Elon always show force at crypto currency.
It will have bad effect for crypto market.
I hope it will over soon.
Let's see.
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Leading financiers, traders and big fans of Bitcoin, I advise you not to listen to Elon Musk, but invest your savings in cryptocurrencies. They will help loved ones survive after the financial system collapses. I agree with many that the influence on the market of Elon Musk is temporary and there is no need dump your bitcoins based on his opinion.
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Leading financiers, traders and big fans of Bitcoin, I advise you not to listen to Elon Musk, but invest your savings in cryptocurrencies. They will help loved ones survive after the financial system collapses. I agree with many that the influence on the market of Elon Musk is temporary and there is no need dump your bitcoins based on his opinion.
I agree with you that no one should pay attention to Elon Musk and his manipulations. But I do not agree to say that people should invest their savings in cryptocurrencies, it is dangerous advice and a decision that each person must make individually, remember that we never know what will happen tomorrow and it's a risky decision.
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Elon Musk is definitely aware of the power of his publications and the subsequent impact on the markets: they bring direct benefits to him and Tesla, and at the same time have devastating consequences for small retail investors. I think that in the near future, the crypto market will find a way not to panic. , in situations like this!
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As other members say here that Elon Musk is also one of the richest people in the world and of course he always has a big influence on many things, not only crypto. He has many numerous followers. And yeah, he is a popular man in the world. So, what he does will always influence and also make others interest or not attracted to certain things. Like in crypto.
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As other members say here that Elon Musk is also one of the richest people in the world and of course he always has a big influence on many things, not only crypto. He has many numerous followers. And yeah, he is a popular man in the world. So, what he does will always influence and also make others interest or not attracted to certain things. Like in crypto.
You're right, but that doesn't mean that his followers can do the same as him, and that's one of the biggest problems they have. I don't think Elon cares much about losing $100,000, people who have borrowed to invest or invested their life savings or even mortgaged their houses (I'm sure there are some), they sure care what is happening now. I personally believe that we should not follow anyone, our decisions are the best we can make.
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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 (https://www.worldcoinindex.com/news/elon-musk-shows-interest-in-green-bitcoin-mining-operations-helping-btc-surge-to-40-000)
i think not too much. Famous people only share news, and follower will be influenced or not.
Several senior trader or investor didnot be affected.
I think demand and supply is the basic factor of crypto market.
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As other members say here that Elon Musk is also one of the richest people in the world and of course he always has a big influence on many things, not only crypto. He has many numerous followers. And yeah, he is a popular man in the world. So, what he does will always influence and also make others interest or not attracted to certain things. Like in crypto.
You're right, but that doesn't mean that his followers can do the same as him, and that's one of the biggest problems they have. I don't think Elon cares much about losing $100,000, people who have borrowed to invest or invested their life savings or even mortgaged their houses (I'm sure there are some), they sure care what is happening now. I personally believe that we should not follow anyone, our decisions are the best we can make.
You're right, we should do with our own risk. Because if We will lost , we will lost alot. not him.
Elon musk is the rich people has Tesla.
So As follower , we just read his suggestion, but not have to the same way.
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As other members say here that Elon Musk is also one of the richest people in the world and of course he always has a big influence on many things, not only crypto. He has many numerous followers. And yeah, he is a popular man in the world. So, what he does will always influence and also make others interest or not attracted to certain things. Like in crypto.
You're right, but that doesn't mean that his followers can do the same as him, and that's one of the biggest problems they have. I don't think Elon cares much about losing $100,000, people who have borrowed to invest or invested their life savings or even mortgaged their houses (I'm sure there are some), they sure care what is happening now. I personally believe that we should not follow anyone, our decisions are the best we can make.
You're right, we should do with our own risk. Because if We will lost , we will lost alot. not him.
Elon musk is the rich people has Tesla.
So As follower , we just read his suggestion, but not have to the same way.
I don't read the things Elon says on Twitter, I think he's a toxic person, the last thing I read was when he said that Bitcoin uses a lot of electricity and that seemed to me as an insult to the intelligence of others. I do not need Elon's opinions or his "ideas", the problem is that unfortunately his words always affect the market, and in the market we all have interests. The only thing I can hope is that every day more people open their eyes.
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Yes, you are right, it is not nice from him! He is abusing his position to make it a free time activity for price movements. He should really care more if he makes a news, he can conflict people's investments.
Of course, Elon is abusing his position. This is how billionaires have gotten to where they are now, abusing. He is very aware of what he does and says, although later he says that it has nothing to do with one thing or another, he is orchestrating everything so that Doge, for example, can go where and when Elon wants.
I don’t understand at all these people who react so much to the words and actions of Elon Musk. However, in any case, after his contradictory statements about bitcoin, his popularity in the field of cryptocurrency should fall. People will no longer react so much to his every word.
Elon Musk is a rich man, but he is not an expert in the field of cryptocurrency.
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The price of cryptocurrency is very much affected for Elon Musk, because he is a very big investor. When he invests in something, he buys coins with a lot of dollars. And the cryptocurrency market is influenced by big investors.
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He is trying to manipulate this market apparently, however, this is how capital works.
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The price of cryptocurrency is very much affected for Elon Musk, because he is a very big investor. When he invests in something, he buys coins with a lot of dollars. And the cryptocurrency market is influenced by big investors.
Elon can invest a lot in cryptocurrencies, but I think he gets more out of telling on Twitter what he is going to do. That way, his followers (mostly blind) buy what Elon says and sell what Elon says, it's another way to manipulate the market for Elon's own interests. Fortunately, many people have noticed, that is why the price of Doge stopped going up so much, now people have to wait to know what Elon's next step will be.
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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 (https://www.worldcoinindex.com/news/elon-musk-shows-interest-in-green-bitcoin-mining-operations-helping-btc-surge-to-40-000)
Elon musk, teh famous person that hold bitcoin and dogecoin also Ethereum.
I think Elon musk always support crypto currency and good as influencer. But unfortunately sometimes spread FUD
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Elon musk, teh famous person that hold bitcoin and dogecoin also Ethereum.
I think Elon musk always support crypto currency and good as influencer. But unfortunately sometimes spread FUD
He is doing good than harm in the market, because of the shill he has done on Dogecoin we now have many meme coins in the market and we have one now challenging DogeCoin which is Shiba Inu, there are many losers than winning on how he shills Dogecoin, people should always be careful when big personalities are shilling coins, there will be a point where you're going to lose or cut your losses.