Why the euphoria when a public figure mentions Bitcoin

[Findingnemo]

Rich people got so much influence and everyone wanted to become rich admire then, follow them and sometimes takes blind chances even if they don't have any idea what they're doing and that's the power of being rich.

It's subtle but looks exaggerated cause the crypto community is relatively smaller than conventional investments and this or bitcointalk is crypto forum so any news about crypto will be a topic for discussion.

[Aanuoluwatofunmi]

Why does the crypto community seem so pliable and immediately start glorifying public figures, only if he mentions Bitcoin or cryptocurrencies?

This is simply because so many people out there were yet to understand their intentions for doing this, they knew that once they supported what we want, they will get our attention on them and vote for them, this is politics, but in bitcoin network, we don't do such and we are not centralized or embedded in politics terms and philosophy, we are going to vote genuinely because its our right to do so on the right candidate we thing so, but not because of what they are saying about bitcoin or any related cryptocurrency.

[bounceback]

Rich people got so much influence and everyone wanted to become rich admire then, follow them and sometimes takes blind chances even if they don't have any idea what they're doing and that's the power of being rich.

It's subtle but looks exaggerated cause the crypto community is relatively smaller than conventional investments and this or bitcointalk is crypto forum so any news about crypto will be a topic for discussion.

Simple, rich people have many influence and easily what they are saying follow by the other, its the same when the motivator come from the rich people make easily to believe what they are saying. In cryptocurrency community many rich people give much influence for making bitcoin or some altcoin promote by them get high engagement will rich to higher price.

Elon Musk is bigger influence how to make Doge coins from shit coins success reach most higher price without taking long days, I think reason why most important for rich people or public figure promote about bitcoin and cryptocurrency.

[Findingnemo]

Rich people got so much influence and everyone wanted to become rich admire then, follow them and sometimes takes blind chances even if they don't have any idea what they're doing and that's the power of being rich.

It's subtle but looks exaggerated cause the crypto community is relatively smaller than conventional investments and this or bitcointalk is crypto forum so any news about crypto will be a topic for discussion.

Simple, rich people have many influence and easily what they are saying follow by the other, its the same when the motivator come from the rich people make easily to believe what they are saying. In cryptocurrency community many rich people give much influence for making bitcoin or some altcoin promote by them get high engagement will rich to higher price.

Elon Musk is bigger influence how to make Doge coins from shit coins success reach most higher price without taking long days, I think reason why most important for rich people or public figure promote about bitcoin and cryptocurrency.

People got rich due to cryptos? Yes.

Elon Musk got rich due to crypto? No.

He go his weird fantasy of poking his nose in everything and Doge coin stunt is one of them to keep his name on the trend nothing else but it turns out he influenced more people also helped crypto to reach more people which all I agree.

But we shouldn't trust anyone when it comes to investment cause no one is interested in others getting rich.

[summonerrk]

Why is the crypto community so susceptible to manipulation?

Because now cryptocurrencies are not associated with technology, but more with memecoins, trading which is more like gambling. Every celebrity wants to have their own cat, and that's why their words affect the price so much. And of course, this is very different from what it was in 2017.

[examplens]

People got rich due to cryptos? Yes.

Elon Musk got rich due to crypto? No.

This can be viewed differently. Did Elon Musk increase his wealth with crypto? YES
He worked with much larger numbers, therefore his earnings are much higher than most ordinary crypto people. In theory, he can afford to risk 1 billion by investing in some meme coin. If he successfully pumps it, only 10% is a huge profit.

[Manna]

People got rich due to cryptos? Yes.

Elon Musk got rich due to crypto? No.

This can be viewed differently. Did Elon Musk increase his wealth with crypto? YES
He worked with much larger numbers, therefore his earnings are much higher than most ordinary crypto people. In theory, he can afford to risk 1 billion by investing in some meme coin. If he successfully pumps it, only 10% is a huge profit.

Don't compare with Elen Musk because Elen Musk is a big player he invests millions of dollars together if something is profitable but he can earn a lot of profit and as he says many people can invest at any point feel free because if he is one of his twitter  If the page tweets, many people are tempted to invest in the coins it invests in.

[examplens]

Don't compare with Elen Musk because Elen Musk is a big player he invests millions of dollars together if something is profitable but he can earn a lot of profit and as he says many people can invest at any point feel free because if he is one of his twitter  If the page tweets, many people are tempted to invest in the coins it invests in.

Do you think Trump didn't invest in cryptocurrencies?
Do you think it's impossible that Trump and Musk at some point talked about the possibility of making money through cryptocurrencies? I mean their personal earnings, not the common good.
pls. don't stand up for Elon prick Musk

[Findingnemo]

People got rich due to cryptos? Yes.

Elon Musk got rich due to crypto? No.

This can be viewed differently. Did Elon Musk increase his wealth with crypto? YES
He worked with much larger numbers, therefore his earnings are much higher than most ordinary crypto people. In theory, he can afford to risk 1 billion by investing in some meme coin. If he successfully pumps it, only 10% is a huge profit.

Let's assume Elon Musk accumulated 10% of total supply of DOGE and the peak of Doge marketcap value of Doge was around 80 Billion so 10% of it is 8 billion and assume he dumped when it hits peak still it's not even 5% of his total networth.

He may have made few millions but his intentions was never really about making profits, he just wanted the lime light on him always so he can pump his ideas and sell them to people for lot more than that and don't forget he burned 50Bil on twitter for nothing.

[satpol_PP]

People got rich due to cryptos? Yes.

Elon Musk got rich due to crypto? No.

This can be viewed differently. Did Elon Musk increase his wealth with crypto? YES
He worked with much larger numbers, therefore his earnings are much higher than most ordinary crypto people. In theory, he can afford to risk 1 billion by investing in some meme coin. If he successfully pumps it, only 10% is a huge profit.

Let's assume Elon Musk accumulated 10% of total supply of DOGE and the peak of Doge marketcap value of Doge was around 80 Billion so 10% of it is 8 billion and assume he dumped when it hits peak still it's not even 5% of his total networth.

He may have made few millions but his intentions was never really about making profits, he just wanted the lime light on him always so he can pump his ideas and sell them to people for lot more than that and don't forget he burned 50Bil on twitter for nothing.

Elon Musk is a businessman, he needs profit from every action, both material profit and his existence as one of the richest people in the world. Elon once popularized the dogecoin coin, I don't believe he didn't profit from it. Elon must have profited by making the price of doge high.

[Hatchy]

It is pretty obvious that the crypto community tends to glorify public figures because they are always looking for validation and opportunities to make quick profits. When someone famous like Elon Musk or Trump mentions crypto, people get excited, hoping it will make the market go up or bring more mainstream attention. Since crypto does not have a single leader these figures often become symbols of hope for the community. Social media adds fuel to the fire, making everything they say seem more important than it might be.

[Ujok]

most people want profit from digital currency where the price is very high even now it is viral in the world with that many people are interested in crypto. now the news of trump is viral on social media but I don't want to comment on all that and maybe everyone has their own reasons regarding manipulation, it's just that many people think that with this manipulation they can get profit every day but they don't think about the future of crypto. but I'm sure a professional investor must have a strategy and plan for the future, what they do must be ready to accept the risks that will come.

[target]

It is pretty obvious that the crypto community tends to glorify public figures because they are always looking for validation and opportunities to make quick profits. When someone famous like Elon Musk or Trump mentions crypto, people get excited, hoping it will make the market go up or bring more mainstream attention. Since crypto does not have a single leader these figures often become symbols of hope for the community. Social media adds fuel to the fire, making everything they say seem more important than it might be.

News spreads like the viral meme when it was said Trump bought burger and paid it with BTC. I have not seen the video about it but articles about  are published in hurry to make  their website like the source of this news.

A lot of influencers actually talked about it on their videos I wasn't very sure if Trump would do this when his life is at risk since he gets assassination attempt at every turn. But yup it's Euphoria for users hoping adoptions.

[Legion]

It is pretty obvious that the crypto community tends to glorify public figures because they are always looking for validation and opportunities to make quick profits. When someone famous like Elon Musk or Trump mentions crypto, people get excited, hoping it will make the market go up or bring more mainstream attention. Since crypto does not have a single leader these figures often become symbols of hope for the community. Social media adds fuel to the fire, making everything they say seem more important than it might be.

News spreads like the viral meme when it was said Trump bought burger and paid it with BTC. I have not seen the video about it but articles about  are published in hurry to make  their website like the source of this news.

A lot of influencers actually talked about it on their videos I wasn't very sure if Trump would do this when his life is at risk since he gets assassination attempt at every turn. But yup it's Euphoria for users hoping adoptions.

The fast rate at which information on Trump and Bitcoin became available is an indication of how a topic can quickly circulate in the current world. However, we are bombarded with news about it by many influencers and we must make sure we stay skeptical this and not believe everything that is said in a hush. People should avoid passing information to the public in order to avoid the spread of hoax news since this would distort the public discourse. To suggest, it is high time to enhance consciousness about cryptocurrency and its experiences in the society. Many people can get valuable information regarding the possibilities and dangers of cryptocurrency use by attending the discussions or forums. Therefore we are not only acting in accordance with the trend but helping to improve education among the public.

[Azharul]

Rich people got so much influence and everyone wanted to become rich admire then, follow them and sometimes takes blind chances even if they don't have any idea what they're doing and that's the power of being rich.

It's subtle but looks exaggerated cause the crypto community is relatively smaller than conventional investments and this or bitcointalk is crypto forum so any news about crypto will be a topic for discussion.

I think you could express your excellent comment, so i am also agree with your comment. Because we know that when a renowned person will told his opinion, example in bitcoin or any other crypto then general people will accept his opinion. Because they believe that it will be best for our exists. We know that Donald Trump also express his opinion for bitcoin, then many people will trusted to bitcoin. In that's time people will invest huge amount in bitcoin. So i am also think that public figure mentions is a simple matter in the cryptocurrency world.