Quote from: Gatorelf on May 23, 2021, 03:21:57 PM

Quote from: Gargulan on May 23, 2021, 01:27:54 PM

Quote from: Gatorelf on May 22, 2021, 07:22:36 PM

Quote from: adekogbe on May 19, 2021, 11:15:17 PM

If Elon launches his own crypto or gets involved with a cryptocurrency project, it doesn't necessarily mean that the project will do good or bad, the only thing that will worry me is that too many people will take his public opinions (tweets) as a signal to either buy or to sell the cryptos and that is not healthy for any business.
A good crypto project should have what it takes to withstand a FUD or shilling by its project members

Its always been that way, way back if JD Rockefeller said it everyone was on board, then it was Warren Buffet with Stocks, the world guru was Richard Branson before The new adventures of Elon Musk. You are 100% right though it just shows how easily people are influenced by one person.

Yes but there was a slight difference for most of them in that they didn't try to pump an asset like DOGE. When Warren Buffet recommended stocks you could at least be sure it is not absolutely crap and worthless. I am not saying I share all of his opinions as he missed out on all the tech giants, but Musk is playing Monopoly here.

Actually the big difference is social media, its instant now where it use to be hours weeks and months going back to newspapers. When a visionary entrepreneur takes over the automobile Industry in ten years and gives the worlds space industry stiff competition all he has to do is mention something and the masses will do the pumping.

If social media had so much influence, it shows that we have to learn power will always have influence on currencies. How are we going to solve that problem? I don't know. Money is a magnet for abuse.