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ETHEREUM PRICE SHOOTS ABOVE $2K AFTER ELON MUSK REVEALS HE PERSONALLY INVESTED IN BITCOIN RIVAL

  • Thread starter Thread starter Didosky
  • Start date Start date
How many coins would Elon musk invest in? And then after investing he'll go and dump later on leaving the people there to their date like he did with Doge.
 
Ethereum has actually been wonderful in the crypto currency exchange Business. However, the only thing that is keeping the coin down is just the recent bear market, if not it should have gone beyond that
 
gammarays said:
I think it reduced a little but it's balance and functionality is what keeps it. Even with the high fees,Ethereum blockchain recorded the highest transactions by money value. I think they should work on their gas fees.
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What could make them not consider working on the high gas fees would be the fact that they have so many projects based on the Ethereum, so they don't see high gas fees as a limitation.
 
Bookwormlux said:
What could make them not consider working on the high gas fees would be the fact that they have so many projects based on the Ethereum, so they don't see high gas fees as a limitation.
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According to them,it's fuelled by the high number of transactions going on the network. It causes a sort of traffic so mining fees has to increase to sort it out. I just wish they can sort the issue.
 
It is very good to see that Elon Musk is investing in ethereum. this will make a lot of people to scramble for the coins in order to make huge profit in the nearest future.
 
gammarays said:
According to them,it's fuelled by the high number of transactions going on the network. It causes a sort of traffic so mining fees has to increase to sort it out. I just wish they can sort the issue.
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I understand better now, though it would be more profitable for them to focus on making transactions faster instead of making fees high to decongest the traffic.
 
It would be nice for Elon Musk to keep the details of his portfolio to himself because all he does while revealing each coin at a time is to manipulate the markets directly or indirectly.
 
Bookwormlux said:
I understand better now, though it would be more profitable for them to focus on making transactions faster instead of making fees high to decongest the traffic.
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Yes,they proposed Ethereum 2.0 to sove this issue but nothing improved since then. They may be certain it won't end in a long term. I think it negates the fact that crypto is cheap and free.
 
Elon is a market manipulator so you have to watch it.
Don't invest because of his actions, you may loss a lot of funds.
Just trade on your own ability and instinct
 
I think I'm begining to think that people are over hyping anything that Elon musk ssays or do as regards his activities on any cryptocurrency beyond proportion. I do not believe one bit that he has anything to do with ethereum price at all
 
This is one of the activities that boost the value of any coin, encouraging investors and boosting the value of the coin. If i knew when this happened i would have invested some to get good ROI
 
I have actually certainly not become aware of Musk buying Ethereum however he has actually stated that his business Tesla as well as SpaceX have actually purchased bitcoin.
 
Well I guess it's no surprise that the impact and influence of Elon musk can't be downplayed on the crypto world as a whole, ethereum is a coin with potential nonetheless and a good investment too
 
etherum was already goimg high before musk in invested on it, and i think his move is basically to get vitalik into dogecoing family.
and please be guided on not to jump into crypto because of some market influencers like musk.
do some certain market readings and understanding before investing, not because one rich mogul has invested on it
 
This is why I always argue with my friend that speculation about crypto currency by people like this are bound to cause disruption in the market
 
Elon Musk still has a lot of influence in the cryptocurrency market. That said, Ethereum will pump irrespective of what he does because of its utility.
 
Although the man can have a lot of influence in the market but we really have to be careful especially if you want to trade base on his update because sometimes you can be at loss if you are not really careful.. talking from experience.
 
It's always as if Elon Musk has crypto at the back of his hands. Any new development he makes about any coin will always result in the rising of the coin. I think he has done the same thing to Dogecoin too.
 
Heatman said:
Personally believe that it's something that's what actually happen whether he invested in cryptocurrency called ethereum or not because it's how cryptocurrency works.
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Though I agree with you that this was an expected end in terms of the increase in price value of Ethereum, but I believe his influence had fast tracked things. His investment might not be the what pushed the coin to it's all time high, rather it is the fact the he himself invested on, this action I believe attract others as well.
 
Kingstone said:
It's always as if Elon Musk has crypto at the back of his hands. Any new development he makes about any coin will always result in the rising of the coin. I think he has done the same thing to Dogecoin too.
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Seriously that man has been a major influence in the cryptocurrency world because whatever he says towards any project of any coin always makes that coin to appreciate or fall.
 
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