DO YOU STILL BELIEVE that Elon Musk is good for Crypto Space? [share your view]

karamyog (72) · 4 years ago

Elon Musk is overall positive for the crypto sphere because he is an influential name. His acceptance of Bitcoin makes people look at BTC and crypto in general positively. However, his behavior on Twitter is quite irresponsible, whether it be about bitcoin, dogecoin, or tesla shares. The SEC should take this seriously. When he says tesla has not sold bitcoin, it is a complete lie and he should be taken to court for it. His company's regulatory filings show that Tesla has booked gains on BTC.

I think if people come to the crypto space because of him then eventually they will see that his tweets are of no use. Some people will leave the space immediately after that but some won't because they would have learned more about crypto and the benefits that come from the growth of this space.

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3 votes

crypto.piotr (70) · 4 years ago

Thanks for dropping by and sharing your thoughts with me @karamyog

Elon Musk is overall positive for the crypto sphere because he is an influential name.

We seem not to agree on it. The fact that he is an "influential name" doesn't mean that it's positive for crypto.

I used to admire Musk, however today I see Elon as very advanced speculator, who do not care if he will damage reputation of crypto space. As long as he can transfer some wealth from others to his own pocket.

The SEC should take this seriously.

Absolutely. I fully agree with you on this part.

Cheers, Piotr

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knowledgefruit (61) · 4 years ago

True, Absolutely!

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juanmolina (68) · 4 years ago

Hello, Piotr.

These are statements that any of us could have made about BTC without being experts in the field. Just by reading a little about the energy consumption of BTC mining activity globally, we could have this same perspective.

It is no secret to anyone that the largest concentration of mining activity in the world is in China.
If we investigate a little about China's energy generation, we will find out that it is thermal in nature, which is based on the burning of fossil fuel.
Therefore, we can deduce that the levels of pollution produced by the Red Giant are levels of concern for the environment.

But this is nothing new. What is new in this case is that these statements were made by a character who has great influence in the cryptocurrency markets and in the world's equity markets.
Consequently, BTC holders felt concerned and began a massive sale of their assets which affected their capitalization, and consequently the price had a considerable setback that broke the 50% dominance barrier that BTC has maintained since mid-2019.

Only days before, Musk had declared the complete opposite.

For Musk, a business mogul, who is also a lover of social networks and has more than 50 million followers on Tweeter, this seems to be a "game", simple "jokes" with which he is happy, but the truth of everything this is that the fragility of the stability of the market is demonstrated.

I wonder: after all those recent events, do you consider TESLA and Elon Musk as a blessing or threat/curse for crypto space?

Definitively... "threat/curse".

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3 votes

crypto.piotr (70) · 4 years ago

Hi @Juanmolina

Just by reading a little about the energy consumption of BTC mining activity globally, we could have this same perspective.

My impression is that mentioning usage of electricity by BTC mining is nothing but propaganda. Technology is moving forward very fast and within few years processing same amount of data will take only fracture of current resources (energy and processing power).

And like you've said: this is nothing new. And I also (just like you do) see Elon Musk as a threat and curse for crypto space.

I appreciate your feedback. Have a great weekend ahead of you

Cheers, Piotr

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juanmolina (68) · 4 years ago

My impression is that mentioning usage of electricity by BTC mining is nothing but propaganda.

I must disagree with you on this.
Mining actually consumes high levels of energy, a lot.
In fact, there are very smart and conscientious people who have created gigantic solar panel farms that power large mining farms of BTC. All this to save electricity billing.

I appreciate your feedback. Have a great weekend ahead of you

It's my real pleasure, dear friend.

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crypto.piotr (70) · 4 years ago

Hi @juanmolina

I must disagree with you on this.
Mining actually consumes high levels of energy, a lot.

Perhaps. But when was the last time you've heard anyone complaining about energy being consumed by entire Banking sector? Did you hear about it even once?

Truth is, banking industry consume way more than entire bitcoin network and noone seem to bother.

So Elon Musk complaining all of sudden about it is nothing but a sad joke. Especially, since he is behind SpaceX which also consumed tons of energy and generated so much pollution already.

Yours, Piotr

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juanmolina (68) · 4 years ago

From my point of view, you have no idea how much energy the world's BTC mining machines consume.

Only here in Venezuela are there giant mining camps belonging to high-ranking military men who take advantage of Venezuela's social and economic chaos to mine without paying for energy. They also do it to the detriment of the rest of the population who suffer from constant power outages.

SpaceX generates its own energy from renewable sources.
The launch of a rocket into space, once a year, does not generate more pollution than a thermoelectric plant that burns fossil fuel 24 hours a day 365 days a year.

I do not support and I do not oppose the activity of the banks. If it weren't for them, we wouldn't have the financial system that governs the world, and BTC wouldn't even exist if it weren't for the global banking system.

BTC aims to end the dominance of traditional financial institutions but depends on them to survive. So we have a double speech on both sides, and in the middle are we mere mortals.

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crypto.piotr (70) · 4 years ago

Thank you for this valuable comment @juanmolina

From my point of view, you have no idea how much energy the world's BTC mining machines consume.

Interesting. I see that you're assuming that I'm wrong with my previous statement.

I wonder if you actually ever tried to find out how much entire banking sector around the world is consuming energy. According to data (Which I studied) entire blockchain network is not even close to this industry.

So I'm quite curious where did your assumption that I "have no idea" is coming from.

BTC aims to end the dominance of traditional financial institutions but depends on them to survive.

Again, let's assume that we disagree.

BTC maybe had similar goals many years ago. But for past few years it is being treated by investors and regulators as a store of value. Replacement to gold.

It does not challenge traditional financial systems and never will. There may be some small exceptions (as venezeula may be), but not one developed country will allow BTC to be recognized as legal tender.

Cheers, Piotr

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juanmolina (68) · 4 years ago

Hello, dear Piotr, it's me again.

I wonder if you actually ever tried to find out how much entire banking sector around the world is consuming energy.

Honestly, I haven't.
And, I would like to apologize to you, for saying that "you have no idea." It was not the best way to express myself.

As for BTC's intentions on the financial market. My approach is that there is a double discourse on the part of the actors, that is, they lie.
They don't really mean to.

What is a fact, in my opinion, is that the world's ruling currency will inevitably be displaced by crypto.
Perhaps it will not be BTC but the USD will soon be replaced by a cryptocurrency for world use, which will be assumed by the nations of the world.
In fact, international import-export contracts are already being signed with the amounts established in BTC.

Thanks for this valuable feedback.

Your friend, Juan.

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josevas217 (79) · 4 years ago

Hello @crypto.piotr
I recently saw a video of a very important Youtuber, Spanish speaking, very serious journalist and analyst. In which he mentioned that behind all these contradictions of Elon Musk around cryptos could be pressures from Biden's government, because while it is true that the BTC is still far away from.figures like 800k$ price, it could be that if it continues as it was going, it could have a value greater than the dollar in market terms, and that would be a strong blow to the US economy.
Finally, this is speculation, but it could all be related, in view of the fact that Elon's companies are headquartered in the U.S., tax pressures, for example.
But, the reality is that it is more harm than good that he has done to the crypto environment, but surely he has already left with his pockets very full while the fall of Tesla in terms of stock price may come, which does look like a big bubble.

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3 votes

crypto.piotr (70) · 4 years ago

BIG THX for sharing your view with me @josevas217

Enjoy your weekend :)

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hardaeborla (68) · 4 years ago

Hello @crypto.piotr 💕❤️

I think we both have the same view as regards to Elon Musk influence in the crypto space

I think by now it's obvious that Elon joined the crypto market to speculate and transfer wealth from investors towards "his own pockets". And he does it while using his enormous influence, pumping the market just to crash it several weeks later.

I was really astonished when he created a FUD about Bitcoin and this really affected the crypto market making lot of investors to loose hope in BTC and the worst when the Chinese also added to the news about them not having anything to do with BTC anymore.

I think we just have to keep being optimistic and keep hoping for a strong pull back on the price of BTC. Some analysts claimed this recent dip may lead to BTC worthing more than $100, 000 as time goes on.

Thanks for sharing this great post with love from @hardaeborla and I hope you have a great day ahead ❤️💕❤️

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crypto.piotr (70) · 4 years ago

Thanks for dropping by and sharing your thoughts with me @hardaeborla

Some analysts claimed this recent dip may lead to BTC worthing more than $100, 000 as time goes on.

Truth be told, I actually believe that we can reach 100k now more than I believed in it before this recent corrections.

ps. Any interesting plans for upcoming weekend? :)

Cheers, Piotr

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amestyj (69) · 4 years ago

Hello my dear friend @crypto.piotr

After a few weeks you can see what was the goal of Elon Musk, his main strategy was to create a great speculation in the market, which is currently affecting, possibly there are governments behind these decisisicones using influencers to destabilize the crypto market. Let's hope for a recovery soon for the benefit of all.

See you later my friend, have a great week.

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crypto.piotr (70) · 4 years ago

BIG THX for dropping by and sharing your view with me @amestyj

Enjoy your weekend :)

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joseph1956 (69) · 4 years ago

I am among those who believe that Elon is simply an opportunist in the crypto market and that he came into it to make as much profit as possible. With his investments he will try to fluctuate the tokens to acquire and sell, even to get his hands on some or launch them in the future. His opinion about Doge and the investment in it reinforces this. How long he will stay, whether it will help or worsen is difficult to predict, but it is certain that he is someone who seeks money for his projects and will try to get the most out of the crypto market.

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crypto.piotr (70) · 4 years ago

Thanks for dropping by and sharing your thoughts with me @joseph1956

I am among those who believe that Elon is simply an opportunist in the crypto market and that he came into it to make as much profit as possible

We are cleary on the same page here.

ps. Any interesting plans for upcoming weekend? :)

Cheers, Piotr

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rbalzan79 (71) · 4 years ago

Hello friend @piotr.

It is very important that we can interact with you from these types of articles because you can really bring us a lot of knowledge about it, I think this Mr. Elon Musk before acquiring his BTC knew the energy consumption from fossil fuel burning sources, therefore, that at this point comes out with these statements leaves much to think of him.

As many comment, it may be a game for him, and demonstrate the power they have over the market, however, I think he has to measure his words since many of us live from this, we must also highlight how unstable the market of the most important cryptocurrency on the planet as BTC is, since other mechanisms should be created to strengthen in a real way the market and the price of BTC.

For me a person with these characteristics hardly represents a blessing for any type of market, especially the crypto market, therefore, it is quite the opposite, maybe I am wrong but the facts so far prove me right.

Thanks for letting us know more about the world of cryptos and also nurture us with so many good comments from users with experience in this type of market. Greetings.

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crypto.piotr (70) · 4 years ago

Hi @rbalzan79

It is very important that we can interact with you from these types of articles because you can really bring us a lot of knowledge about it

Thank you for your kind and encouraging words. From my perspective: having discussions with you and other members of PH community broadens my horizons and my knowledge. So it's a mutual win-win :)

For me a person with these characteristics hardly represents a blessing for any type of market

It seem that we're having different view on that issue. I surely do not see him as a blessing. Not that I ever really did, but till now I wasn't quite sure what to think. Now I consider Elon Musk to be nothing but threat and a curse for crypto markets.

I appreciate your feedback. Have a great weekend ahead of you

Cheers, Piotr

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menoski (69) · 4 years ago

Elon Musk is bad news for the crypto space. When he was pumping the market and everyone was praising him, I was smiling because if he says one shit stuff, the market will crash and he eventually did and it's blood bath out there in the crypto space. A single man shouldn't be able to manipulate the market at his will, so Elon Musk is bad for the crypto space.

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crypto.piotr (70) · 4 years ago

were clearly on the same page here @menoski

thx for dropping by and sharing your thoughts with me buddy

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gifxlove (60) · 4 years ago

Elon Musk is bad news to crypto. No single human being should be able to manipulate the market like he does.

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madridbg (69) · 4 years ago

Greetings @crypto.piotr in advance thank you for sharing your position on a case that affects us all. No doubt many of us saw TESLA's entry into the crypto market as an opportunity for the Bitcoin price to reach record highs which many analysts commented on.

However, Elon Musk and his influence has shown us how easy and manipulable cryptocurrencies can be and it is to be expected that now more than ever they are in the eye of the hurricane and that we will have regulatory systems on top of them in the short term. (more trouble for the bullish price)

I consider Elon Musk's statements as a well executed plan that could generate substantial gains and losses for those who did not foresee this scenario or did not protect their investments, and time will show us the strength of Bitcoin and its recovery.

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crypto.piotr (70) · 4 years ago

Wow. What an amazing feedback @madridbg

we will have regulatory systems on top of them in the short term. (more trouble for the bullish price)

It's hard not to agree. More challenging and hostile regulations are on the way because of speculators like Elon Musk.

Appreciate it greatly.
Yours, Piotr

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dgalan (69) · 4 years ago

Greetings @Crypto.piotr , Very pleased firstly to be able to see another post of yours .

I consider that Elon Musk uses his strength to manipulate the market through all the means he can use, applying strategies of deception to favor his personal interests and that of his partners, I also think that these statements were a test and more will come, as it showed that it had favorable repercussions for him ,where they surely served him to get more token of many coins to capitalize them.

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crypto.piotr (70) · 4 years ago

Very pleased firstly to be able to see another post of yours .

Appreciate your kind comment @dgalan

Thanks for sharing your thoughts on discussed topic.

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tyrnannoght (63) · 4 years ago (edited)

oh piotr ... i could have thought by the post : ... i dont think Musk is singlehandedly responsible for the 50% overall average dip on all of Crypton. The guy has a track record for success but the way things are going now he's just kicking too many shins at once and thats the danger. They might want him "gone" from the picture, where achievement doesnt matter but you have to talk the talk and walk the walk.

Other than that , if the guy says : "A" and BTC drops $10k he (and others can buy) and then when he says "B" and BTC kicks up $10k he (and others can sell) thats how tesal made the dough last quarter

*Tesla Profited $101 Million in Q1 From Selling Bitcoin Instead of Electric Cars. Tesla didn't let Wall Street down. On Monday, the Elon Musk-led company reported another quarter with record earnings. In the first three months of 2021, Tesla raked in $10.39 billion in revenue and $438 million in profits.27 Apr 2021] *

he admitted that hes got a mental condition in public but hes been making weird tweets since forever .

I says he's more good than bad since he opens it up to a public that wouldnt even have thought about it. A lot of them will understand its not rocket science and make their own decisions.

The worst problem, as stated, is that he makes too many institional investor enemies who are known for their sad disposition, skittish scared behaviour, very nasty characters and their really bad sore loser attitude

THEY might actually be doing the damage

:) good to see you again, i thought you were on the list still hmm i'll have to check

the important thing is that people talk about planet Crypton, take it seriously and dont just consider it a haven for all the scum of society imo.

I believe they said Max Planck had a borderline personality disorder , but that didn't stop the Planck Era from happening ... so to speak :)

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crypto.piotr (70) · 4 years ago

I don't think we ever got to know each other @tyrnannoght

I appreciate your long and valuable feedback.
Cheers, Piotr

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5 votes

tyrnannoght (63) · 4 years ago

Maybe no one here knows anything at all about anyone at all . It's a bubble universe. Its good to be appreciated, take care :)

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munawar1235 (67) · 4 years ago

I think his too much influence is not good for crypto market. His single tweet manipulates the coin price. I think it is not good.

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jjqf (64) · 4 years ago

Greetings @crypto.piotr, because the truth is somewhat complicated the whole issue that surrounds Musk around what he says and does, many consider him as a deity and for many others is just someone who knows he has a river of people behind who will do or support their actions....

Beyond all the polemic of his actions, I see him as a time bomb, very similar to a kind of person who plays with everything, because today maybe he wakes up with the desire to raise the price of some currency and tomorrow or then rants against it...

But always having movements in the different areas or edges of the market, because the potential benefit that can generate will not be wasted....

As for the stock market, I do not know much about the subject but I know a little that Tesla is one of the stocks that like Apple maintain a good level and rarely have generated or had serious episodes of losses to investors and that the price of the same reach high even.

For this as they say around these parts is better to see many times the bulls from the barrier and look for the way that if you enter that ocean you will find everything and that nothing is safe or very reliable in the end, because today it may be green what tomorrow is red and keep in mind the saying that you should not sell the farm in these investments, because at the end of the day they are a bet that often does not have a 100% insurance as to the result to be obtained.

I hope you are well, greetings from Venezuela.

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crypto.piotr (70) · 4 years ago

Wow. What an amazing feedback @jjqf

Appreciate it greatly.
Yours, Piotr

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jjqf (64) · 4 years ago

Thanks @crypto.piotr, always a pleasure to read and comment good content, sorry for the late reply, we are finishing the semester and there is barely time to publish and do everything daily 🥴, greetings

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thetimetravelerz (66) · 4 years ago

In this world everything is not black & white nor is everything good or bad. there are always shades of grey.

In the case of Musk I can say one who wields the sword (of social media) wields the power.

Right now it seems he is only playing with his power to put up a show a circus perhaps.
However crypto is a serious place and not a playfield.

The fact that He or so many others who have social media influence would not hesitate to put their own interest ahead of others cannot be ruled out.

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crypto.piotr (70) · 4 years ago

Thanks for sharing your thoughts on discussed topic @thetimetravelerz

ps. any interesting plans for weekend? :)
cheers, Piotr

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alokkumar121 (76) · 4 years ago

Hi @crypto.piotr

first of thans for picking this ice topic because these days Elon is in the news because of what he has done in the crypto space.

I think Elon is not good because is trying to drive things for his own benefit. Earlier he started talking about Bitcoin and then he moved on to Dogecoin which has no fundamental behind the project.

Earlier he was bullish on bitcoin and not he is worried about carbon and environment which raise a question that wasn't he aware of when he started showing interest in bitcoin.

He is a rich person and has a team of professionals then how come he did not do a study this point.

I think that he is trying to create the manipulation we see him in crypto for last 6 months only and bitcoin was started 10 years back so people like Elon just try to make their own fortune by creating fud and negativity since they know that they have an influence on people.

whatever he has done in recent days is not at all expected from him and I don't think that just for money a person can do anything..

He did not do anything in responsible manner that can help people and being famous and rich does not mean that he will use it to make things worse. He must need to learn humanity from others like Bill gates a warren etc.

I see him as non-deserving to a rich and popular person and it like success has gone into his head.

Tesla is not a magic car and you never know when something comes better than this then what would happen to him. He will be lost from the news the way he became popular.

thanks.

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crypto.piotr (70) · 4 years ago

Thank you for this valuable comment @alokkumar121

I see him as non-deserving to a rich and popular person and it like success has gone into his head.

We're on the same page here. Somehow my respect and trust towards him has been shaken heavily.

Hopefully you had a great weekend. And enjoy your monday. Most people seem to hate monday :) do you?
Cheers, Piotr

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alokkumar121 (76) · 4 years ago

I joined a new company so its like a honeymoon period. Today is the kind of a Great Mondy that I had after a long time. So its a nice Monday.

Cheers.

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emiliomoron (69) · 4 years ago

No doubt that Elon Musk does not seem to me a good influence for the crypto space, changing his position on a subject only shows manipulation, maybe his own or by external pressures, but the real thing is that he is a very influential person in the media and has used this to manipulate the value of BTC and other cryptos to make a profit instead of promoting a project because he really believes in it, his stance of wanting to improve the world does not go hand in hand with the amount of energy and waste that his companies must be generating so that he now worries about the energy consumed by mining, if so, he should be attacking many other systems that consume large amounts of energy. That is why I do not consider it good for the cryptographic space and what it represents.

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crypto.piotr (70) · 4 years ago

BIG THX for dropping by and sharing your view with me @emiliomoron

No doubt that Elon Musk does not seem to me a good influence for the crypto space, changing his position on a subject only shows manipulation

We are cleary on the same page here. I definetly see him right now as a threat to crypto markets more than an blessing.

his stance of wanting to improve the world does not go hand in hand with the amount of energy and waste that his companies must be generating so that he now worries about the energy consumed by mining

You nailed it! I actually sometimes wonder how many people still believe in Elon Musk vision to improve the world. I've lost my faith in him already quite a while ago and I consider him to be nothing but "master of propaganda and manipulation". I still like to listen to his shows, but I do not believe any word he says any more.

Enjoy your weekend :)

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denmarkguy (77) · 4 years ago

I think it would perhaps be a good idea for people to remember that Elon Musk may be really good at building electric cars and space ships, but he is not an expert on cryptocurrency. His chatter about Bitcoin and Doge is a bit like a "celebrity endorsement" of a product... an actor talking about something like life insurance or cars does not mean that actor KNOWS anything about life insurance or cars.

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crypto.piotr (70) · 4 years ago

Good to hear from you again @denmarkguy

I'm not sure if you remember me. We used to exchange some comments in the past and somehow I memorized your name :)

Thanks for sharing your view with me. I've noticed that you're active within World of Xpilar :) Quite an amazing community, isn't it?

ps.
do you have discord by any chance? I would like to take few minutes of your time and encourage you to join our curation trail on Steemit and share some details about it with you.

Consider joining our discord server (I will welcome you once you join): https://discord.gg/uWMJTaW

Chhers, Piotr

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lenonmc21 (68) · 4 years ago

I really believe that Elon Musk does everything he does, in order to control the market to his will, it's simple and that's the way all markets work, there is not one that is not saved from manipulation. It is our job as investors and analysts to not fall into these traps. Generally if they post negative comments, what they want is to buy cheaper when newbies sell. This is a good time to accumulate sincerely.

In short, he moves the markets as he pleases, but I don't think it will last for long, as other tycoons have done it and then are not even taken into account. In any case, if his influence continues, all we have to do is the opposite. A negative news and we buy, simply that.

Financial Markets Analyst.
@lenonmc21

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crypto.piotr (70) · 4 years ago

Thanks for dropping by and sharing your thoughts with me @lenonmc21

In short, he moves the markets as he pleases, but I don't think it will last for long, as other tycoons have done it and then are not even taken into account

Indeed. @unbiasedwriter even compared him already to John McAfee.

ps. Any interesting plans for upcoming weekend? :)

Cheers, Piotr

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lenonmc21 (68) · 4 years ago

Exactly, that was the name I was looking for but I couldn't remember his name. Just like John McAfee. The same will happen with Elon Musk.

No doubt this weekend I will participate in his cryptography exam. As well as posting in the community.

Financial Markets Analyst.
@lenonmc21

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crypto.piotr (70) · 4 years ago

Just like John McAfee. The same will happen with Elon Musk.

It's hard not to see things going that way. Sooner people will learn to ignore Elon Musk - better for all of us.

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pinedaocl (55) · 4 years ago

Greetings @crypto.piotr.
From my perspective, people like Elon Musk do not make moves by simple hunches, they are strategies designed with the sole intention of continuing to grow their pockets, it was demonstrated that a person like him can affect the cryptocurrency market at will, because he has the capital to do so. It could be said that the blessing was circumstantial, but in reality he can destabilize the crypto market, and with his move it was demonstrated. We mere mortals will always be affected by the proxy war. Greetings to all, we continue in this world of knowledge.

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crypto.piotr (70) · 4 years ago

Hi @pinedaocl

but in reality he can destabilize the crypto market,

It's hard not to agree with your words.

I appreciate your feedback. Have a great weekend ahead of you

Cheers, Piotr

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sandracarrascal (70) · 4 years ago

One of my recent posts talks about my thoughts on Elon Musk.

For me Elon Musk is a charlatan, yes certainly he is a millionaire who has influence but charlatan at the end, he has no character and seriousness to give an opinion, first he says one thing and the other day lam contradicts, first he said bitcoin was the best, of course first he invests in bitcoin and said it was an excellent cryptocurrency, then he sells bitcoin getting big profits and says bitcoin is bad because it pollutes the environment because the miners who mine bitcoin use coal as a source of electricity.

To me besides being a charlatan he is a great hypocrite, and in particular if I were his advisor I would tell him to stop lying because life is boomerang, and maybe all his lies and hypocrisy will turn around someday and damage his investments.

Of course it is damage not only to crypto space, but it is a great evil to the whole of humanity.

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crypto.piotr (70) · 4 years ago

Thanks for dropping by and sharing your thoughts with me @sandracarrascal

For me Elon Musk is a charlatan [...] besides being a charlatan he is a great hypocrite

I love how you described him. Right on the spot. And I absolutely agree with every word you wrote here.

ps. Any interesting plans for upcoming weekend? :)

Cheers, Piotr

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unbiasedwriter (75) · 4 years ago

There is a popular saying that says that All commercial is good commercial. Well, if that is true, then Elon Musk is having a positive effect on the crypto market, because he has made newspapers and online magazines write about it all around the world. So, he for sure has an ability to influence.

But, to be honest, I believe he has played his biggest part already. People are now getting used to him, and he will no longer have such a big effect on the industry.

I don't want to compare him with John McAfee, but there was a time in which John McAfee came with tweets with crypto of the day, and it pumped like crazy. But, the more it happened, the lower the interest became, and in the end he disappeared.

They are not the same, but I believe Elon Musk and his influence on crypto will grow smaller with time!

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crypto.piotr (70) · 4 years ago

Thanks for dropping by and sharing your thoughts with me @unbiasedwriter

There is a popular saying that says that All commercial is good commercial

I've heard that saying. And I think it's false believe that every publicity is a good publicity. I always considered it to be nothing more than "mantra" of those, who just failed with creating "good commercial", did a shit job and are trying to build up their morale.

People are now getting used to him, and he will no longer have such a big effect on the industry.

One could only hope so. Let's hope that most people will start looking at him as a "rich boy" who is trying to cheat and fool his own followers. And comparison to John McAfee is just RIGHT ON SPOT.

ps. Any interesting plans for upcoming weekend? :)

Cheers, Piotr

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unbiasedwriter (75) · 4 years ago

Hehe... I like your thoughts about the background for creating the "all commercial is good commercial" slogan... just made me smile big-time! :)

To be honest, I have more respect for Elon Musk than for McAfee (even though I actually listened to a John McAfee lecture once, and then he actually seemed quite smart, brilliant, and wise in what he said), but in general, he is giving a very different impression!

Weekend is family-time... been a terrible spring in Hungary, with cold weather and rain, and it isn't gonna stop this weekend, so I believe it will be lots of time indoors!

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crypto.piotr (70) · 4 years ago

have a great family-time @unbiasedwriter :)

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adityajainxds (73) · 4 years ago

@crypto.piotr I love to start this reply with three word "big player manipulation". This is just how big players play they hype and then bring down.

I see great potential in btc. Two days before MicroStrategy fund buy $15 million worth of btc why they buy at this price Because it's a game of big players buy at low and again pump.

And regarding Tesla share. Tesla share will be collapsing in the near future. We all know Micheal he just shot Tesla share at 535$ apx and that to 810000 shares which means it will be falling in the near future.

In simple words manipulation is the game of big players.

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crypto.piotr (70) · 4 years ago

BIG THX for dropping by and sharing your view with me @adityajainxds

Enjoy your weekend :)
Yours, Piotr

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tocho2 (77) · 4 years ago

Hello @crypto.piotr
I believe that E. Musk is "playing" with his power to influence the market considering that many people could fall into chaos and despair by selling their crypto assets and thus many investors buy them at a good price and only have to wait for an upward trend to verify how much profit "this masterful move by E. Musk" has made them.
This guy knows what he's doing and the consequences are in his favor.

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crypto.piotr (70) · 4 years ago

Thanks for dropping by and sharing your thoughts with me @tocho2

I appreciate your feedback. Have a great weekend ahead of you

Cheers, Piotr

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bitshares101 (49) · 4 years ago

I think the recent public announcements Elon Musk made were cheap and asininely. I believe you are right in comparing his flip flopping much aligned with that of a 2 faced politician. I definitely overestimated his sensibility and didn't consider he's a slave to the board of directors in a public stock which has only one goal and that's profits regardless of how off of the base their demands are.

For what it's worth I could care less what kind of chicanery he plays with the sec and the stock market which caters to the 1% and those close beneath, but regardless of whether bitcoin always retraces after each bull run, there are enough FUD slingers already in place and there's no need join that bunch to seek better prices.

Bitcoin is the peoples money. In the long run all of those with an agenda to bring bitcoin down are participating in a futile exercise and bitcoin will prevail.

I appreciate that I could add a few satochis in the 34k range but I believe that Musk is unfortunately sleeping with the devil.

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crypto.piotr (70) · 4 years ago

Hi @bitshares101

Thanks for dropping by. Didn't hear from you in a long while. glad to know you're still around :)

I appreciate your feedback. Have a great weekend ahead of you

ps.
do you have discord by any chance? I would like to take few minutes of your time and encourage you to join our curation trail on Steemit and share some details about it with you.

Consider joining our discord server (I will welcome you once you join): https://discord.gg/uWMJTaW

Cheers, Piotr

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sayaalan (66) · 4 years ago

Halo @bitshares101, How can I contribute with you to get automatic votes from u. . .
thank 😊

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sholly1 (57) · 4 years ago

In a very short words, I would describe Elon. Elon musk is just a greedy business man, and a confused fellow. Sooner when much people gets to realize who he really is, then he will no longer be able to influence the market like how he did again.

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datych (60) · 4 years ago

In my opinion, this person is a curse. He is a hypocrite and he manipulated the market.

He is probably pumping his Twitter as well. He wants to convenience everybody that his Twitter is even more powerful than it actually is.

He tried to provoke Dogecoin's price to grow by buying tons of coins at the moment when Doge was ready to fly up due to the general trend. Musk posted a tweet then to boost Dogecoin even harder.

Screenshot_2021-05-19 (19) Elon Musk ( elonmusk) Twitter.png

But Musk failed because the market fizzled out to that moment (probably, Musk did much for that) and no pumping and no manipulation could change it.

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crypto.piotr (70) · 4 years ago

Hi @datych

In my opinion, this person is a curse. He is a hypocrite and he manipulated the market.

We're clearly on the same page here. I used to respect Elon Musk, but this respect is slowly vanishing. There isn't much of it left any more.

I appreciate your feedback. Have a great weekend ahead of you

Cheers, Piotr

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carlir (67) · 4 years ago

Hello friend @crypto.piotr, from my perspective Elon Musk and his company TELSA, are hurting the cryptocurrency market as I consider that he only thinks of profiting from this whole situation, as you very well indicate his contradictory comments about BTC so make it known.

Excellent publication, Greetings.

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lennyblogs (63) · 4 years ago

Hello @crypto.piotr... For me, I actually think that Elon Musk is a threat for crypto, someone who can influence hundreds of thousands because he showed many times he is smart, and a simple tweet from him will make people just follow without asking why (Not all of them), even though I believe his tweets are for his own favour, at last, making the rich even richer while some people could benefit from that others were unlucky and lost, but I still believe that it won't stay like that for too long.

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crypto.piotr (70) · 4 years ago

BIG THX for dropping by and sharing your view with me @lennyblogs

For me, I actually think that Elon Musk is a threat for crypto
We're clearly on the same page here. I used to respect Elon Musk, but this respect is slowly vanishing. There isn't much of it left any more.

Enjoy your weekend :)
Yours, Piotr

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mtl1979 (50) · 4 years ago

Elon Musk only proves that we should avoid cryptocurrencies that can be easily manipulated. He is essentially Donald Trump of cryptoverse.

I've said many times before that ASIC-friendly coins are bad for normal people and CPU-optimized coins are best. (Even) modern CPUs still support arithmetic operations that (even) high-end GPUs cannot do.

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crypto.piotr (70) · 4 years ago

Hi @mtl1979

Thanks for dropping by. Didn't hear from you in a long while. glad to know you're still around :)

I appreciate your feedback. Have a great weekend ahead of you

Cheers, Piotr

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mtl1979 (50) · 4 years ago

I've been busy with real life... Had to help a cryptocurrency exchange with security audit, because hackers tried to attack the exchange twice in a month.

The hackers didn't manage to steal a lot on either attempts, because the exchange was shutdown before they managed to get access to the cold wallets.

We had to rebuild whole user database from scratch and that was quite a lot of work to do.

Seems like hackers have managed to compromise some of the CloudFlare proxies or DNS servers.

For capturing passwords and 2FA codes, they scan browser memory using some kind of trojan that injects code in client-side JavaScript to capture data that is sent from forms in the exchange user interface.

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crypto.piotr (70) · 4 years ago

Wow. What an amazing feedback @mtl1979

I've been busy with real life...

I fully understand that. Great to see that you're still around :)

For capturing passwords and 2FA codes, they scan browser memory using some kind of trojan that injects code in client-side JavaScript to capture data that is sent from forms in the exchange user interface.

Perhaps you could consider writing a post about it. It's never enough publications about security threats.

cheers, Piotr

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mtl1979 (50) · 4 years ago

I might make a post later... I don't want to write right now when some people might recognize the exchange...

Going to too much in details might suggest that I want hackers to try same trick in other exchanges, especially smaller ones that don't have own security audit team independent from the development team.

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knowledgefruit (61) · 4 years ago

More than Elon Musk it is about the people who believe a person more than their own understanding of the product/token.

People who bought cryptocurrency just because Elon said so were not the real investors they were just puppets, and that is the reason they left when Elon tweeted a counter view.

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praditya (62) · 4 years ago (edited)

Hello @crypto.piotr good to see you after a long while. Hope everything is good.
I strongly agree with you. I used to fanboy Elon musk but his recent interfere to crypto world has made me wonder why this pump and dump game. I lost a lot meanwhile. Ya played - buy the dip game but still it was damaging and very weird on part of Elon to play such game.
Literally sick and tired of these games.

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crypto.piotr (70) · 4 years ago

Hi @praditya

Thanks for dropping by. Didn't hear from you in a long while. glad to know you're still around :)

I appreciate your feedback. Have a great weekend ahead of you

Cheers, Piotr

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samminator (75) · 4 years ago

It is disheartening to see that a whole crypto market can be heavily affected by just a statement by an individual just because they want to take opportunity in cryptocurrency. Is this the kind of "perfect money" we have hoped that cryptocurrency will be? We really need to do more in the crypto space instead of leaving the entire market at the mercies of just a few supposed influential people.

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crypto.piotr (70) · 4 years ago

Thanks for dropping by and sharing your thoughts with me @samminator

Indeed. It is quite disheartening.

ps. Any interesting plans for upcoming weekend? :)

Cheers, Piotr

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clixmoney (76) · 4 years ago

No, no and again no !

People still don't understand that popularity in centralized social media doesn't mean good. The mass adoption don't come from that, but from the value crypto brings to people. Elon is just an actor who play the role of superman who wants to save the planet. While all his rockets use so much fuel and polute the nature. He knows that's impossible to live in mars, but kept telling we are going to live there. Instead of making people think that the earth is bad, it's better to invest in really improving it, but not to show off. Such people just join crypto to make profit and they gone once they get what they wanted. He's not here for an idea, just for pocket ! Nothing else. Maybe for some popularity, but he doesn't understand how hard crypto community could be on him. He'll be just a meme from now. You will see how he will start talk things about doge as well.

Bitcoin isn't going anywhere. Just big whales decided to tkae their profit now. We will see an other pump in the future, much bigger than this one. I'm almost sure about that. This space is also full of speculations.

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crypto.piotr (70) · 4 years ago

Thanks for dropping by and sharing your thoughts with me @clixmoney

People still don't understand that popularity in centralized social media doesn't mean good.

sometimes it does mean good, sometimes it does mean exactly opposite. In discussed case I would consider that kind of popularity to be a threat to many.

Such people just join crypto to make profit and they gone once they get what they wanted

you nailed it. We clearly see it through same glassed.

ps. Any interesting plans for upcoming weekend? :)

Cheers, Piotr

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clixmoney (76) · 4 years ago

Taking a break from posting. I see that we should post only 4-5 posts a week in ph. So, the weekend will be for me only for commenting and taking a break with my family.

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crypto.piotr (70) · 4 years ago

Great idea. have a great time with your family @clixmoney :)

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atim1234 (67) · 4 years ago

Hi @crypto.pior, I just wrote a profile of elon musk, I think he is an influential person, not only about crypto but also about the world economy.

I am very happy if you want to read my post here

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crypto.piotr (70) · 4 years ago

Thanks for sharing @atim1234

I will definitely have a look at it.

ps. in meantime, check out my recent quiz:
https://steemit.com/hive-175254/@crypto.piotr/join-my-newest-crypto-quiz-today-for-crypto-maniacs-only

Cheers, Piotr

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