Elon musk's time is about to over in the crypto-market
How are you all??
I hope everyone is great and healthy in this bleeding market 😝. "
"Don't worry this too Shall Pass"
Today I will be sharing my views on Elon Musk. This blog is written not to hurt a fan of Elon or Elon musk himself. It's is strictly written to share my views on him. I want you not to give f*** about this blog in the first place.
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Ok so let me take you on the journey. Assume that you are a genius man, and the CEO of the electric car making company aiming to promote your new venture named Tesla solar. But people are still not giving f*** about your electric cars and the solar companies. However, You wanted to draw the attention of all of them anyhow and want a large base of people who believe in your electronic cars and Solar energy by hook or by crook
Nowadays, we all know that the crypto market is booming faster than anything and can be used as a tool to draw the attention of the people. That's why Elon cares a lot about the hype of the cryptocurrency market and tweet often about it
What he did is he brought 1.5 millions worth of bitcoin. And just tweet about it. And the blind people have started buying crypto like a maniac.
In my opinion, he brought this so that in the future when cryptos are booming he can draw attention toward the drawbacks of cryptocurrencies which are the number of fossil fuels cryptocurrencies burn in the mining and thus damaging the environment.
It will give you wow like feeling at first glance. But, if you think deeply there is a far deeper strategic and messed up a plan going on behind closed doors.
Elon is trying to make a way for Tesla Solar to dominate the solar industry. That is why he is talking about how cryptos need to change the energy they utilities. It is maybe because he wants them all to switch to the Tesla Solar. I think this is quite a genius plan right? And the cruel one as well.
In the first place, people need to stop listings nonsense about doge or bitcoin. Because, by chance, if you are making money on his tweet/nonsense, then he must be making 10x more than you. But mostly chances are there that you are losing and he is making millions. The masses of people must have used their brain rather than following him blindly.
I strongly expect some new regulations about cryptocurrencies in the future that will strongly punish whoever try to mass market manipulation. It is needed more than ever now.
Now tell me if you are Elon musk who can manipulate the market, who would stop you to do that. You do it often to grab attention, book profit, have fun and do this again and again until people start pissing on you. Same way Elon musk is doing. After all, he is a businessman and his entire focus is getting bucks in his account, not in yours.
I’ve always been sceptical as to why people worship Elon Musk like he’s some sort of god. Of course, he is a wealthy man, but this does not mean he always has the best intentions in his mind. He’s a businessman first and that's what people forget in the first place.
** Understand the chronology behind his planned tweets**
Steps for the sake of Profit
- Brought bitcoin worth $1.5 B
- Started accepting Bitcoin as payment at Tesla
- Bitcoin price hit the roof after his tweet
- Who knows he might have booked profit by selling bitcoin at $2B.
Steps to Promote his so-called green energy (aka Tesla Solar)
- Now suddenly, he used his brain and find the mining of bitcoin hazardous to the environment - indirectly gestured about using solar Energy (Tesla Solar). or Maybe he must have plan buy more Bitcoin at the dip.
- He tweets that Tesla is not going to accept bitcoin as a payment method at Tesla.
- And the market falls by 50% by now.
One more point is, if I was Elon Musk, I would definitely tell my friends and fellows (well-wishers) about what would be in my next tweet about cryptocurrencies. Why would real musk don't do it? Think about it twice.
I have deep respect for Elon Musk and his vision for the future. But market manipulation is a serious crime. If he chooses to do it again and again, then, I don't find any difference between Harsad Mehta, Jordan Belfort and Elon musk.
“I think it’s reasonable to expect a bit of pump and dump. But I do think that the markets will learn upon such nuisance. Elon Musk is not going to have this influence forever.”
One day, Elon's tweet and crypto-market won't go hand in hand.
That's all guys
Tell me your views on it
Nice post my friend. Surely his time might come to an end.
#affable
And the big news is bull 🐂 seems started now. Matic is 50% up.
It's okay @hdnakum
Ups & downs are the main characteristics of the market.
Need not worry about. It will surge up to the top again.
#affable #india
Yes I understand that but following someone blindly doesn't make any sense.
Yeah, agree
I've also written about this. Afaik it goes well beyond Elon Musk. Agreed with everything you've said. But I do think playing the game by other people's rules is somewhat acceptable if you are capable of making profit. Good post.
@felipejoys Who knows? next time people may lose that same earned money by following him. After all, he is human not a god, and human has emotions, greed and whatnot. I personally believe that he should do his business as other talented guys are doing such as Jeff Bezos, Bill Gates, Sundar Pichai, Mark Zuckerberg, and many others without messing up with the market. let the people decide what to do next buy or sell.
It is always a gamble! :)
yes, it is, Totally agree with you.