Post
Topic
Board Speculation
Re: Love Elon for Tesla and space exploration but forget about him about bitcoin
by
glub0x
on 19/05/2021, 06:12:42 UTC

I love Elon. The world needs more risk takers though he sometimes loses the plot at odd times.

But in terms of real effect on the bitcoin price forget him.  there was a spike a few years back where we went from less than $1,000 to about $17,000 and then it came down and settled about $8000 before moving up fast again recently. Elon had no hand in that up and down. it was the old friends (enemies?) of manipulation, FOMO (greed) and then exhaustion. I think we are going way down now to $30,000 at least just on the downhill pattern we have when huge spikes occur. So long as we are above the 200wma we are still getting doubling in price each year. Elon buying lots or selling lots or talking about other coins etc wont hurt us. Stand easy.
I actually belive he behave like the worst capitalist to pump as much money from crypto and maybe even tesla so he can pursue his one and only dream to die on mars.
To do so he will need a shitload of money.

If that is true, i am 100% behind him, i would be glad to see crypto vanish if i get to see permanent colony either on mars or space.