Just Ignore Elon Musk

in LeoFinance16 days ago
(Unsupported https://lbry.tv/$/embed/just-ignore-elon-musk/20ed4b05e7936551f5b1a7a584f55eb72183c0c0?r=2tgpueSxr5J1KFPDhyjxfyhVszADf53s)

Surely you've noticed over the last couple of months how Elon has been using his ~60 million followers on Twitter to screw with the crypto markets?

First he started tweeting about Doge (a completely dead, worthless, shitcoin he must have bought a few billion of), driving it's price to many times higher than it could possibly be worth...

Then he got on SNL and basically said that crypto is a scam.

Then he started tweeting about how crypto is bad for the environment, and other such nonsense.

Then he started tweeting about other shitcoins.

To be clear: Bitcoin (the oldest & least efficient crypto) still uses only a fraction the energy of either gold or the banking system.

All the cryptos in the world don't come anywhere near the pollution of the US military.

In fact, Bitcoin & crypto are actually FAR more "green" than Tesla's electric cars, and far more "green" than solar panels.

Elon Musk knows literally nothing about crypto - he is simply manipulating prices so the whales can take advantage of stupid people (like the ones who buy/sell based on twitter posts)


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To avoid unnecessary pressure and heartbreak now,Elon musk comment or post for now should be ignore as regards his backing off on Bitcoin


Posted via proofofbrain.io

Who is Elon Musk anyway? O.o'

Posted Using LeoFinance Beta

DARPA's chosen boy, from a family of long-time technocrats, whose businesses all profit only from government funding.

it's no wonder why revolted people and crypto holders have created 2 new crypto coins #StopElon and #FuckElon

StopElon coin - https://stopelon.space/
StopElon coin - https://coingecko.com/en/coins/stopelon
FuckElon coin - https://etherscan.io/token/0xe37f534466483da35dd1f69490161eb3c7440a9e

Elon Musk knows literally nothing about crypto - he is simply manipulating prices so the whales can take advantage of stupid people (like the ones who buy/sell based on twitter posts)

In fairness, he probably does know something about crypto, but I completely agree he's not going to be an expert in any sense of the word. For the rest of the quote above, I think you're 100% correct. Especially if you substitute "the whales" with "Elon Musk".

Very true, that was definitely an overstatement/mis-statement on my part... it would probably be more fitting to say that he doesn't know much about crypto, and what he does know about crypto, he isn't using to generously help out his crypto followers :-P