The "Elon Musk Effect," a phenomenon is starting to wear off! The Musk Effect is a term that entered the crypto space this year when every little tweet , announcement or appearance from the Tesla CEO could send token prices skyrocketing or plunging. I'm excited to see his influence seems to be losing its luster.
The billionaire has been a key driver of the volatility in bitcoin and dogecoin after announcing Tesla's $1.5 billion bitcoin bet and praising the meme-inspired asset's potential then contradicting himself selling his coins at ATH then taking to the internet to warn investors about the environmental impact triggering a bear market...
Musk tweeted in support of dogecoin on Thursday by saying "Release the Doge!" alongside a Godfather-inspired meme depicting actor Marlon Brando.
source
The coin's price lifted slightly, but not as much as it would have a few months ago. For instance, dogecoin surged 20% in May when he ran a Twitter poll to ask whether people wanted Tesla to accept the token as payment.
Musk tried agin by sending out yet another tweet on Friday with an image of a man on his laptop, seemingly laser-focused on dogecoin and the game Polytopia on the screen.
I stopped caring about Elon a long time ago and other are jumping on the bandwagon and are no longer listening and are finally realizing that the tweets of one man should not be the deciding factor for whether they buy or sell their assets.As of Friday, dogecoin's price has dropped about 65% to about 24 cents since its peak of 68 cents in May so following Elon towards the late bull cycle has cost people significant amounts. Those who got in early and sold ATH made out will millions, but those stories are few compared to those who lost money.
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Thank god, I really hope this happens, because it's not fun having one guy, especially one so shitheaded and out for himself as Elon. I used to be a fan of his, but over recent years, I've realized our lives are his game.
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Exactly I use to like him but after the last year he is a self centered egomaniac. I can’t wait until he fades into the ether.
Same as you!
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I hope this is actually the case. It's about time the crypto-verse stops being influenced by shit like that
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For real it's undermines the stability of the space.
We need CALM !
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Yes, it’s relieving to see that Elon’s tweets loose power lately. People may have learned from mistakes made in the past months. Now as China leaves mining, we can see better times for crypto.
He burned a ton of people I hope we can all go for his wealth and let him know how it feels.
He burned a ton of people I hope we can all go for his wealth and let him know how it feels.
I agree, a lot of Doge tweets recently, with almost no effect, I think the crypto community is becoming tired of his antics!!
I see it hopefully we gain a bit more stability now.
Me too buddy! I would listen to him if he talks about Cards and Space. But not when it comes to crypto. I think he is just having fun with his influence and most peeps have now realized that.
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He cares about Tesla and spacex which is great stay, but crypto was just for his ego.
Lol. That's the truth! Sad that many people lost money because of him being reckless on Twitter.
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The tweets seemed to be in concert with China's announcements too. Funny how Mark Cuban let himself get played by deregulation while Elon seemed to play the game and tried to manipulate prices to invest. But I never looked that far into it. Elon is a weird puppet who keeps failing but keeps being propped up.
I could see it he had a lot of interest in China. Maybe the sec or us intelligence should look into that connection.
I stumbled upon this today. If you want to hear something far out, listen past the 07:20 min mark after the Elon mention...
https://www.bitchute.com/video/k1HB1DbZ4tX2/
I messed this all up. Sorry for the double comment
No worried I double comment all the time. i'll take a look.
I'm doing a deep dive on Harold and this video. It might take me a while. Either he is being scrubbed off the internet or he is a puppet with no credentials like David Wilcox.
I should ask one of the translation rooms in @steembasicincome 's discord if they can translate this web page. Google refuses.
https://secret-wiki.de/wiki/Harald_Kautz_(Vella)
Nvm I was able to translate thankfully!
I stumbled upon this today. If you want to hear something far out, listen past the 07:20 min mark after the Elon mention...
https://www.bitchute.com/video/k1HB1DbZ4tX2/
That would make for a great show/distraction... Considering uranium one was never looked into.
GTH elon musk, this is the best thing I have read today, it is interesting news to know that the hodlers are maturing.
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Trials and tribulations makes for strong holders.
Definitely I hope this go on and becomes reality,to me it is bad when just a person is dictating the life of millions of people and that is why him loosing his grips on this is a good news to the crypto market at large
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TO hyper focus on one man is like only focusing on BTC. It's counterproductive to the max.
Definitely, the crypto market should not be influenced by only one guy.
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Decentralized but control by centralized personality is fundamentally wrong
The world gone crazy 😀
And that's make me happy ! As I used to look up to it (still do a little) but he showed us he had serious issues to deal with. He is definitely not what we could call a "stable" person xD
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It was only a matter of time.
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