Elon Musk twitter update surged BTC

[Deleted member 6735]

Bitcoin is now on its' way to 39,000 due to Elon Musk updating his twitter bio to #bitcoin. He has such a tremendous influence on the bitcoin people! I love it!

 

[Henrywrites]

Wow! This is huge considering the fact that Elon is the richest man on earth. Having a backing of such a personality will definitely make Bitcoin surge in price. I am going to invest more on Bitcoin and hope to make gains before the end of the year.

 

[Deleted member 6735]

Wow! This is huge considering the fact that Elon is the richest man on earth. Having a backing of such a personality will definitely make Bitcoin surge in price. I am going to invest more on Bitcoin and hope to make gains before the end of the year.

As of this post, bitcoin has risen $5,426 just today. I was -$3,400 on investment before his twitter update and now I'm on my way back positive. HODL!

 

[btaliat]

The Elon Musk of a guy is a smart business man. Sometimes ago he invested on dodge coins and bought millions of it. Now he is delving into bitcoins. A normal business man always try to cast his investment into different areas.

 

[ahmedo24]

Elon Musk tweet was more centered on his support for Doge coin and this has given the coin about 330% rise , I remember he also tweeted something similar towards the end of last year that made doge coin to rise about 20%.

 

[kayode10]

That's the power of being one of the richest man. any penny thoughts about church or rules about becomes global and it is being know everybody worldwide. that's why majority of them are very careful in whatever will be want to see idea on the light program or during the interview. because they know that most of the people in the world with the listen to what they are saying and then do it in different minute to it.

 

[GoldenLady]

This answers the question the question of why bitcoin is surging higher today.

But with cryptocurrency and volatility going hand in hand, it's to be expected that any indication of acceptance from a person like Elon Musk will make prices skyrocket.

 

[Greatguy1]

It is an old fashioned trick. Speculation will always drive the market but fundamentals will bring it back to where it should be. Now we have seen that bitcoin price is driven by a Twitter update and once the news becomes stale everyone gets back to their sense. The price is expected to drop by if you are trading; cash out right now.

 

[Kayzzy3]

Bitcoin is now on its' way to 39,000 due to Elon Musk updating his twitter bio to #bitcoin. He has such a tremendous influence on the bitcoin people! I love it!

These people of great influence have a way of making things happen, at the beginning of this year I saw tweet saying that Musk was going to give away some BTCs, it trended for days.

And now this again, well it is all good for BTC holders, I guess Musk is a holder himself.

 

[Deleted member 6735]

These people of great influence have a way of making things happen, at the beginning of this year I saw tweet saying that Musk was going to give away some BTCs, it trended for days.

And now this again, well it is all good for BTC holders, I guess Musk is a holder himself.

I see that going around too, do not believe it. The "tweet" of Elon asking people to visit a webpage to get BTC back doubled is all scams. Stay away.

 

[Chibson]

Elon musk is such a powerful person, because he updated his Twitter to bitcoin hashtag and suddenly the price of Bitcoin went up speaks volumes.I have also seen him talk about dogecoin but the price of dogecoin is still very low.
I'm still contemplating on investing on dogecoin in the nearest future.

 

[Ralphjoe]

I read about this on the news yesterday and I am still in awe of how just one person can influence the price of an asset like Bitcoin. Well the ride in the price of Bitcoin is a welcome development to us all, my earnest prayer is that the price should surge till like $100,000 before this year will end.

 

[Setho]

Including when el on musk tweeted about the GameStop saga, it further fuelled the happenings and see now what is happening to clubhouse which I think is going to be a hit in the future. Its a Pitt though that his influence was only short lived and don't quite see it rise up to 39k.

 

[KURTAULI]

For me it is not news that the price of bitcoin has long depended on speculative ads and tether. If Elon Musk says that I created the Bitcoin network I wonder what will happen and how the future will develop. This is all bad. Why? Anyone who has the money and power of anyone can bring down the crypto market

 

[adazeez1995]

That's what power can cause. When you are power and influential, you could change alot if things with just your words, talk more of your actions. People tend to hang on your words and remould their character and belief. You could Change alot of destinies by what you say.

 

[Alexandoy]

I have read about that tweet of Elon Musk that people think was the reason for the upbeat price of Bitcoin. It is logical that a famous man can affect the price of a commodity considering that Musk is now the richest man. How about if a known celebrity would tweet about Ethereum, do you think the price will surge like the Bitcoin with the tweet of Musk? There's probably a connection that affected the price of Bitcoin. Let us wait for some other indications that will affect the Bitcoin price in the days to come.

 

[Eodine]

Elon Musk tweet was more centered on his support for Doge coin and this has given the coin about 330% rise , I remember he also tweeted something similar towards the end of last year that made doge coin to rise about 20%.

I think I just realized the truth in this. Elon musk really is a smart man going into business to earn more profit, he must have calculated the profit with Dodge coin which he is now doing with Bitcoin and he's already profiting seeing the price increase that followed.

 

[ahmedo24]

I think I just realized the truth in this. Elon musk really is a smart man going into business to earn more profit, he must have calculated the profit with Dodge coin which he is now doing with Bitcoin and he's already profiting seeing the price increase that followed.

If you check the guys track record he has been a smart worker not a hard work man. He is very strategic, it has also shown that if he eventually Invest heavily in bitcoin now the price will rise.

 

[Niftyyem]

It is quite impressive that the mere tweet of such a man could move the price of bitcoin so positively and just within a few hours, just imagine how high it would go if he decides on investing in it.

 

[springtech]

W

Bitcoin is now on its' way to 39,000 due to Elon Musk updating his twitter bio to #bitcoin. He has such a tremendous influence on the bitcoin people! I love it!

ow this is good news. This is supposed to be tagged as "the Elon's effect on bitcoin"

No doubt this will make the price go higher. But that alone is not enough to sustain the bull move. Despite the surge I still expect a pull back. That's the nature of this industry.