Quote from: Ale88 on Today at 02:57:30 AM

Quote from: seoincorporation on March 23, 2022, 10:12:32 PM

Quote from: macson on March 23, 2022, 04:05:22 PM

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Elon's impact on the crypto market is no longer very big but there are still many people who relate to it when the bitcoin price goes up. Elon must have ulterior motives why he had to make that tweet, he must be trying to raise the price of dogecoin again but to no avail lol.

I do not agree, Elon's impact is big on the markets. And if someday he decides to sell all his coins and make a tweet about that, then we will see a big crash in the markets. But since Elon is bitcoin-friendly this will not happen, but I don't doubt Elon will manipulate the crypto markets again as he did in the past.

Elon Musk has some impact just because the crypto market is full of people without any knowledge of this world, people who think they'll become millionaire in a few weeks, then at the first -5% they sell everything. If someone decides to buy or sell bitcoin depending on Elon Musk's tweets, well, I pity him, it means he's not able to think with his own brain. Luckily this kind of people will soon disappear because they'll lose everything.

People who thinks they can easily be rich just by following someone with prosperous social standing, are the people who have shallow mindset. Bitcoin is always unpredictable and it's up to the person of how will they manage their assets. With a lot of research and observations, you can learn anything about crypto market and just because Elon Musk decided for his own, doesn't mean you will follow. Elon Musk's tweet is for his perspective and personal interest and it may equivalent to something but one thing for sure, it's for gain.