In our opinion this also shows how certain actors have infiltrated the crypto space for damaging purposes only. We are now very suspicious if Elon Musk was ever truly genuinely interested in crypto for wholesome reasons or whether his entire involvement was a planned attack. Who knows for sure but either way Elon Musk is now an enemy of crypto.
If you haven't seen the offending tweet here it is in all its glory.
We find it very concerning that so many investors get cold feet and prompt any kind of sell off based on the tweet of one person, but such is the influence people can be on crypto. Don't let people like Elon Musk spread FUD. Resist and in the end his tweets will eventually melt away as nothing more than a mild irritation.
The ACOM Team
A C O M
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Musk is a narcissist and just enjoys seeing how his ignorant tweets can move markets. He needs to be ignored.
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This is extremely sad...... I have seen the same thing with the stock market, the fed can just speak and instantly cause the market to rally or crash!
With the stock market, I've always wondered if the bots were just programmed to follow newsfeed and react accordingly, now we're seeing the same thing with Elon musk Tweets.
He is not an an authority on crypto.
I wonder if he is playing the market to buy on his bad Tweets, this would not be the first time in History this has happened.
No he is not our friend.....
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Sadly Elon Musk is now, according to some, an authority when it comes to crypto hence his current powerful influence on the crypto market. We don't take that opinion, we agree with you @silvertop74 in that Elon Musk is not a legitimate authority despite his impact on some people's perspectives.
You raise two interesting points - in relation to the bots and their buy and sell commands based on a newsfeed well that could well be the case, although the algorithm which tells the bot to buy/sell would have to be so intelligent that it could decipher within a very short period of time whether to buy or sell according to events unfolding in the world at any given time. Your other point about Musk playing the markets could also be true but if he is doing all this to make money from crypto wouldn't he eventually be exposed and would totally contradict his environmental stance?
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Hello dear friends @acom good afternoon
The manipulators have always existed and will continue to be, this type of statement is having an impact on joben investors or rather, recent investors, those of us who have been around for a long time have known what the crypto market is like, and as long as we have remains to endure the symbolism, we do not sell the tokkens at any price.
Investors will mature, and with that will end the manipulative activists.
Thank you very much for this information, I wish you all a splendid weekend
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aqui mi visita amigo, gracias por su apoyo, saludos desde venezuela y felicitaciones por sus excelentes publicaciones
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I agree @acom, and he has for too much influence over people. And I am not even sure why because he is not an expert on cryptos... he's a space ship builder and car maker. But I guess it's just a sad reflection on the world... people pay more attention to the "famous" than to the experts.
=^..^=
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The world of cryptocurrencies exposes the inequality that exists in the world, where the voice of a single man can affect the financial operations of cryptocurrencies, causing them to fall dramatically.
Let's hope that Bitcoin can mature and survive the onslaught of capitalists.
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Interesting post, Thanks for sharing.👍
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it is still early.. eventually his tweets will do nothing
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I like your post very much. Your post is very good. You are a kind hearted person
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Elon musk is harmful for crypto
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