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[Razor1911]

A survey conducted by a news channel regarding which event or things influence bitcoim the most. The results of the survey was astonishing. Majority of the people agreed to the fact thag Elon Musk is the biggest influencer, not only for bitcoin but for the whole crypto market.

Many of the investors, may not be surprised after all the development happened in the last few weeks. Elon Musk's one tweet can make or break a crypto. That has become a new norm.

 

[ascott]

yeah, he has great influence with his popularity with the investments all over the world...but it's a market manipulation? and I don't know why he promotes that meme coin tho

 

[Razor1911]

Despite causing the dip, Elon has done amazing work in promoting the awareness of both bitcoin and dogecoin. One of the worlds richest men invests in something, then alot of people may invest

Actually bitcoin has reached that 60k+ level because of his tweet only. When he announced that tesla will accept bitcoin transaction, after that news only people started buying this crypto heavily to lift it up to all time high level.

 

[Wisdom01]

Am not sure about that for now,because the influence have refused ,because when he said telsa have not sold any bitcoin i was expecting more increase in the price

 

[Razor1911]

Am not sure about that for now,because the influence have refused ,because when he said telsa have not sold any bitcoin i was expecting more increase in the price

Haha! You are correct. But it seems market has come to know about Elon Musk's plans. Everytime he says something, its manipulated. At first market had reacted very violently, but as of now they came to know about the truth of his comments.

 

[Wisdom01]

Haha! You are correct. But it seems market has come to know about Elon Musk's plans. Everytime he says something, its manipulated. At first market had reacted very violently, but as of now they came to know about the truth of his comments.

People are getting wiser with his market manupulation , once he keeps tweeting people would just ignore because mny had loss money due to his manipulation

 

[Razor1911]

People are getting wiser with his market manupulation , once he keeps tweeting people would just ignore because mny had loss money due to his manipulation

And the most annoying part is that no one can file a legal complaint against him. He knows that crypto is a free market and USA doesn't have any regulatory body. Thus he is making nost of the market by commenting here ans there.

 

[a_jerobon]

That is very true. Elon Musk seems to be very influential to the whole crypto market. His one tweet can do alot to influence people in trading them. People usually follow him these days to know when it is best to invest in bitcoin or other crypto.

 

[Razor1911]

That is very true. Elon Musk seems to be very influential to the whole crypto market. His one tweet can do alot to influence people in trading them. People usually follow him these days to know when it is best to invest in bitcoin or other crypto.

But also he is taking advantage of it. He is manipulating the market openly. Traders first reactes too much to his tweets, but later todays he again tweeted by had no impact of the market.

 

[Godspower2]

Elon Musk got everything figured out, He is like the king in a chess board. His role in crypto currency is massive. He seem pretty much Interested in Bitcoin and if Elon Musk is leading the way surely multiples will follow suit. He is more like the captain of a boat

 

[Razor1911]

Elon Musk got everything figured out, He is like the king in a chess board. His role in crypto currency is massive. He seem pretty much Interested in Bitcoin and if Elon Musk is leading the way surely multiples will follow suit. He is more like the captain of a boat

Exactly. It seems like he has got the nerve of the traders. Whatever he comments, the market reacts violently. The intentions of Elon has become clear though, he is trying to put down thr major cryptos like Bitcoin and Ethereum, and instead promoting dogecoin as he knows it has better potential to growth, and he has stake in it obviously.

 

[microunit]

Elon Musk got everything figured out, He is like the king in a chess board. His role in crypto currency is massive. He seem pretty much Interested in Bitcoin and if Elon Musk is leading the way surely multiples will follow suit. He is more like the captain of a boat

He recently kinda downplayed bitcoin and went to dogecoin though, which some people say that twas kinda hypocritical of him to do something like that, and his support for dogecoin is much more than with bitcoin

 

[Brain]

A survey conducted by a news channel regarding which event or things influence bitcoim the most. The results of the survey was astonishing. Majority of the people agreed to the fact thag Elon Musk is the biggest influencer, not only for bitcoin but for the whole crypto market.

Many of the investors, may not be surprised after all the development happened in the last few weeks. Elon Musk's one tweet can make or break a crypto. That has become a new norm.

Yeah I. Just stated this on a different thread when once he needs that change or effects he just need to tweet and it happens. That's the power of a mighty influencer

 

[Razor1911]

Yeah I. Just stated this on a different thread when once he needs that change or effects he just need to tweet and it happens. That's the power of a mighty influencer

Yeah but the influence has faded out with time. As you can see now there is very little effect of his comments these days. Traders have already placed in his unwanted comments.

 

[Brain]

Yeah but the influence has faded out with time. As you can see now there is very little effect of his comments these days. Traders have already placed in his unwanted comments.

Okay if you say so but he is. One person with that great influence in the crypto world.it does really know how to make things happen..maybe not so big now

 

[Wisdom01]

Yeah but the influence has faded out with time. As you can see now there is very little effect of his comments these days. Traders have already placed in his unwanted comments.

He still have negative but not positive influence , because if he post any bad thing about Bitcoin there might be a very huge fall in the price because there would be fear in the market

 

[BullyMaguire]

We like it or not despite his statements and schemes about Cryptocurrency he still does have influence and many still believes him

 

[Wisdom01]

We like it or not despite his statements and schemes about Cryptocurrency he still does have influence and many still believes him

There are really people who believe him ,the trick he makes use of makes people sell off their investment instead of holding for more gains

 

[BullyMaguire]

There are really people who believe him ,the trick he makes use of makes people sell off their investment instead of holding for more gains

I think not everyone will hate elon for what he's doing.. there's probably lots of people in support because they also can do buy and dump with elon

 

[sh199]

I don't think that the market depends on any bad boy billionaire. What if, any other rich man comes to the industry and talks about the industry for his own favor. It does not seem good for the market.