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[AudraMiller]

When it comes to cryptocurrency there is no doubt that large investors have a huge pull on the market and as a result this has been a major concern for smaller investors. There are many that have seen this first hand with how a simple tweet made by Elon musk who has become a major investor in bitcoin and other crypto, has caused the market to crash. Do you think there will be a time when elon musk no longer has this pull on the market? In my opinion i think that this will be when more larger investors get into crypto to balance out the market spread.

 

[LutherKing]

Yeah time to get jeff bezos to buy bitcoins along with bill gates , nikki minaj kanye west all of them should buy 50% of their wealth bitcoin , along selena gomez so we can have positive returns on investment, but who is going to convince them is actual problem ?

 

[Brain]

Nothing last for ever and no one rules forever so I might go with your assertion when a larger investor comes in then then he might just be overthrown

 

[Razor1911]

Not in the near future I guess. Firstly he invested in bitcoin and then dumped it. Later he shifted to doge and one day he will dump it too. Then some day he may drop all his doge, and adopt any other crypto. Its like a cycle now.

 

[silentwatch]

Yes, perhaps. When Musk is no longer in this world then maybe that will the end of musk in crypto world.
Some believe that musk is the man behind the birth of bitcoin but i do not really care about it...
Everything has an end one day

 

[yami013]

nothing last forever but if theres the opportunity seize it

 

[Brain]

Not in the near future I guess. Firstly he invested in bitcoin and then dumped it. Later he shifted to doge and one day he will dump it too. Then some day he may drop all his doge, and adopt any other crypto. Its like a cycle now.
[/QUO
He even more even into Doge. Because he tweet about most and does it more than Bitcoin. So yeah it might still leave it someday for other coin. Nothing is ever permanent

 

[Razor1911]

Yes, perhaps. When Musk is no longer in this world then maybe that will the end of musk in crypto world.
Some believe that musk is the man behind the birth of bitcoin but i do not really care about it...
Everything has an end one day

The big rally of bitcoin to reach that high was really pumped by him only. When Elon had announced that Tesla will accept bitcoin as payment method. The crypto surge and reached all time high of 63000.

 

[Razor1911]

I think there will be no end of crypto on the HOLD of Elon musk . It will just get popularity . I think crypto doesn't depends on one person .

If you consider the past performance, then you are completely wrong. The whole market reacts to a single tweet of someone. When Elon had commented about bitcoin it crashed by 10% that day.

 

[Wisdom01]

If you consider the past performance, then you are completely wrong. The whole market reacts to a single tweet of someone. When Elon had commented about bitcoin it crashed by 10% that day.

The infulence he have in the market is high and to the extent that many people are now using his tweet to judge the right time to buy and sell

 

[Razor1911]

The infulence he have in the market is high and to the extent that many people are now using his tweet to judge the right time to buy and sell

The main reason is that he has money and followers. People think that if he has interest in investing in something, his followers will follow him too. Hence people admire his comments and tweets.