Why the euphoria when a public figure mentions Bitcoin

[Vx1]

Famous and influential public figures will certainly have an impact when they talk about Bitcoin and cryptocurrency.
And of course this is liked by many people here, because what important people like Elon Musk or Trump say can have an impact on the price movements of crypto coins.
However, we should not be too influenced by such crowds, we must still be careful in investing or trading cryptocurrency.

[Dr.Bitcoin_Strange]

Famous and influential public figures will certainly have an impact when they talk about Bitcoin and cryptocurrency.
And of course this is liked by many people here, because what important people like Elon Musk or Trump say can have an impact on the price movements of crypto coins.
However, we should not be too influenced by such crowds, we must still be careful in investing or trading cryptocurrency.

You're absolutely right! When big influencers like Elon Musk or Trump discuss bitcoin and cryptocurrency, it is without doubt that it can certainly sway the market and create quite the buzz. Their recommendations can influence the public and the prices as well. On the other hand, one must not get too carried away with the prospects of the affair. This simply means that we should not develop our investment decisions based on their opinions alone as significant as they may be. People must not blindly follow influencers and news but must educate themselves and necessary evaluations and conclusions when involved in investing or trading digital assets. Those who blindly follow the crowd and those who spend a great amount of money to get celebrity endorsement are likely to make wrong decisions that may endanger their capital

[Vx1]

Famous and influential public figures will certainly have an impact when they talk about Bitcoin and cryptocurrency.
And of course this is liked by many people here, because what important people like Elon Musk or Trump say can have an impact on the price movements of crypto coins.
However, we should not be too influenced by such crowds, we must still be careful in investing or trading cryptocurrency.

You're absolutely right! When big influencers like Elon Musk or Trump discuss bitcoin and cryptocurrency, it is without doubt that it can certainly sway the market and create quite the buzz. Their recommendations can influence the public and the prices as well. On the other hand, one must not get too carried away with the prospects of the affair. This simply means that we should not develop our investment decisions based on their opinions alone as significant as they may be. People must not blindly follow influencers and news but must educate themselves and necessary evaluations and conclusions when involved in investing or trading digital assets. Those who blindly follow the crowd and those who spend a great amount of money to get celebrity endorsement are likely to make wrong decisions that may endanger their capital

These people are business people, of course what they do is for their own benefit too. If we get caught up in this, we could end up getting caught up in losses.
So we have to make decisions quickly if we see a good potential, and quickly take advantage of it and leave.
Remember, everyone's goal here is to make more money, do it as much as we can and don't depend on others.

[surendertakyaan70]

When a public figure/expert is mentioned, we get acceptance: support: positive energy. There is a buzz in the Bitcoin market. But if we look at the other side of the story, we also feel fear. It is important to note where the public figure's mention on Bitcoin is leading.

[nakamura12]

Let's just be thankful that when people discuss about crypto currency then it makes a buzz or some kind of trend that will surely a good benefit to all of crypto enthusiast. Anyway, we should be very careful as what crwth said about mindset and being controlled.

[Dr.Bitcoin_Strange]

Famous and influential public figures will certainly have an impact when they talk about Bitcoin and cryptocurrency.
And of course this is liked by many people here, because what important people like Elon Musk or Trump say can have an impact on the price movements of crypto coins.
However, we should not be too influenced by such crowds, we must still be careful in investing or trading cryptocurrency.

You're absolutely right! When big influencers like Elon Musk or Trump discuss bitcoin and cryptocurrency, it is without doubt that it can certainly sway the market and create quite the buzz. Their recommendations can influence the public and the prices as well. On the other hand, one must not get too carried away with the prospects of the affair. This simply means that we should not develop our investment decisions based on their opinions alone as significant as they may be. People must not blindly follow influencers and news but must educate themselves and necessary evaluations and conclusions when involved in investing or trading digital assets. Those who blindly follow the crowd and those who spend a great amount of money to get celebrity endorsement are likely to make wrong decisions that may endanger their capital

These people are business people, of course what they do is for their own benefit too. If we get caught up in this, we could end up getting caught up in losses.
So we have to make decisions quickly if we see a good potential, and quickly take advantage of it and leave.
Remember, everyone's goal here is to make more money, do it as much as we can and don't depend on others.

I couldn't agree more with you on this.
They're all business men, and in this business, it's all man for himself, and being naive and ignorant of this fact could have detrimental effects on the person. That being said, it's important for everyone to always stay vigilant and always at alert rather than jumping or getting caught up in their words, because that's the only way we can try to avoid unintended and unforeseen losses in the market, while capitalizing on available opportunities.

[sampoerna]

Why does the crypto community seem so pliable and immediately start glorifying public figures, only if he mentions Bitcoin or cryptocurrencies?
One of the most respected examples, Elon Musk, gave public support to Dogecoin, and the final impression was that he only manipulated, made additional income and possibly promoted his brands.

Because the influence of public figures and famous influencers is very high on their followers. Imagine, the more followers you have who already follow you and they trust you, then whatever you say and inform, they will pay very much attention even though sometimes they don't even understand what it is. And that often happens, just following the trend of influencers or their idol public figures without understanding what they will do. This is the role of influencers and public figures that are often used for various specific promotions, including when talking about Bitcoin and others.

And even in my opinion, there are some public figures who created crypto project tokens. And you know what happened? They targeted very high sales and it worked. And what's even more surprising is that most of their investors are their fans who don't even understand anything about crypto. They just follow the direction of the artist and finally deposit their money in the hope that their money can multiply in profit as informed by the artist. And in the end, the project immediately rugpull shortly after listing. And there were a lot of protests here and there asking for money to be returned and others. That's the importance of when we idolize something, we still have to use our brains to think.

[bayu7adi]

Influencers can indeed manipulate the market, but not as much as whales or professional investors...
Influencers with a large following who do not have an investment background or cryptocurrency background have an impact, but the bigger impact is people with high finances, super rich people, or world-class famous investors...they have a big influence on small investors, because they are the ones who control the trend...

However, in the investment world, people with big influence are usually prohibited by the government from tweeting or revealing which stocks they buy... because this has a big influence on market manipulation which is also considered a danger for some people.

[bitmover]

Isn't that quite an exaggeration?
Why is the crypto community so susceptible to manipulation?

People hope that some famous person will embrace bitcoin and price will skyrocket x10 like it used to do

This won't happen anymore imo...

Ecosystem is much more mature and one public figure (even trump) cannot control the price like it used to be. He can influence for some time, but not definitely

[notblox1]

Why is the crypto community so susceptible to manipulation?

It is the same thing in all markets, not just for crypto markets and community.
Maybe it is easier for average guy to participate in crypto manipulation by holding and trading coins, so manipulations are easier for crypto community.
Not everyone can own and trade gold and stocks, but everyone can own a fraction of crypto coins and register on exchange to trade.
Other assets didnt have such a big grow like bitcoin so that is another reason for being susceptible to manipulation.

[Cryptsafe]

I am not really in any way frightened by those mentions because I know that any side effect on Bitcoin definitely has a way of favouring those who are stand by to take position and you know what? Bitcoin definitely bounces back irrespective of whatever happens.

Looking at the likes of Elon Musk, Donald Trump and co., these men are captains of industries that are globally recognised and the revenue they generate is far higher than the budget of some nations. This is mostly some reasons why they talk because they are believed to practice what they say. For instance, Elon Musk render services in the automobile with his electronic cars, ICT and etc. It is assumed that his organisation would definitely accept Crypto currency so when ever he speaks publicly in favour of Crypto, it has a side effect likewise Donald Trump . These men made industries that are world class and have input in every aspect of the world economy and power. So what ever the say affects the Crypto market directly or indirectly. But I believe with time when Bitcoin is fully stabilised in the economy of nations and have a legal tender power globally, it would be different from what happens when and difficult for influencers to go on air to make a statement just to influence the market value of Bitcoin.

[pieppiep]

Isn't that quite an exaggeration?
Why is the crypto community so susceptible to manipulation?

People hope that some famous person will embrace bitcoin and price will skyrocket x10 like it used to do

This won't happen anymore imo...

Ecosystem is much more mature and one public figure (even trump) cannot control the price like it used to be. He can influence for some time, but not definitely

For those who just entered Bitcoin at a price that is already expensive like this, they will say that. But for those who entered Bitcoin when the price was worth $10, they have already received a very large increase in profit. From this movement we can see that Bitcoin requires a fairly long process to become this expensive. So patience is very important when you want to trade in Bitcoin.

[bitmover]

For those who just entered Bitcoin at a price that is already expensive like this,
they will say that. But for those who entered Bitcoin when the price was worth $10, they have already received a very large increase in profit. From this movement we can see that Bitcoin requires a fairly long process to become this expensive. So patience is very important when you want to trade in Bitcoin.

It is not just a matter of patience.

Bitcoin won't go from 60k to 1million. That is very unlikely to happen again.
Gains are not going to be the same as they were 7-10 years ago.

The Market Cap is already too big. The president of the united states is talking about it.... Huge gains like 10000% were much more likely to happen when nobody was talking about it... but the risk was much higher

[armanda90]

Public figure has quite a big influence, especially since their interest in bitcoin can have a good impact or good news, many people excited with US president candidate Donald Trump after his promising when becoming US president will make bitcoin as legal transaction and I think this main reason why most euphoria when bigger of public figure mentions about bitcoin.
Significant impact with public figure help bitcoin or altcoin reach higher price, did you memorize how easily Doge coins pump drastically after mention and promising by top public figure Elon Musk, since price shit until success reach almost $1 and many people take much benefit from him.

[ajiz138]

Public figure has quite a big influence, especially since their interest in bitcoin can have a good impact or good news, many people excited with US president candidate Donald Trump after his promising when becoming US president will make bitcoin as legal transaction and I think this main reason why most euphoria when bigger of public figure mentions about bitcoin.
Significant impact with public figure help bitcoin or altcoin reach higher price, did you memorize how easily Doge coins pump drastically after mention and promising by top public figure Elon Musk, since price shit until success reach almost $1 and many people take much benefit from him.

We cannot deny that public figures have a big influence on something, including cryptocurrency, especially bitcoin. So when there is a figure who supports bitcoin, then we will welcome it.

Because they are followed by many people, when the figure starts to say something, his followers will start to find out what the figure said. And not infrequently it opens the way for people who are new to bitcoin.