According to the CryptoNews From mid-March until now, Elon Musk has directly mentioned Bitcoin 9 times on his personal page. Two of them, he made the market red, Bitcoin depreciated by 10%. Elon Musk has a big impact on the Bitcoin market? The last time Elon Musk posted an article about Bitcoin was an image of an angry couple, with the words “BTC” and a broken heart symbol. Many people think this is a signal that Elon Musk no longer believes in the most valuable cryptocurrency. Soon after, he posted a meme photo of a trader who had difficulty trading because of the price correction. Is Elon Musk Talking Too Much About Bitcoin? Photo: Nikkei. According to the CryptoNews Bitcoin price dropped 2% just an hour after Musk posted the above article. In the following 24 hours, the Bitcoin price dropped 6%. That’s not the biggest drop Musk has made with the crypto market. On May 12, when Elon Musk announced that Tesla stopped accepting Bitcoin, in just an hour, the price of Bitcoin dropped 10%. This number remains for the next 24 hours. Not every article by Elon Musk has had such a large market impact. Out of Elon Musk’s last 9 Bitcoin-related posts, as of March 12, the majority have generated less than 1% volatility in the Bitcoin price. Even many articles have a positive influence, like when Elon Musk posted the Bitcoin symbol and diamond hand, alluding to the term Diamond hands, which are people who hold coins for a long time to wait for the price to rise. Following the aforementioned post, Bitcoin price increased by 3.6%. Over the next 24 hours, the increase is 10%, but it is difficult to confirm that it is entirely due to Musk’s post. Musk’s latest post is understood by many in the sense that he wants to “break up” with Bitcoin. Screenshots. CryptoNews commented that except for the news that Tesla stopped accepting Bitcoin payments and broke his heart, Elon Musk’s articles did not have too much impact on the cryptocurrency market in general and Bitcoin in particular. The fluctuations after his post were mainly due to previous market movements, hard to say because of Musk. Reasons for the volatility of the crypto market can include traders’ excessive use of leverage, China’s crypto ban, signals of crypto restrictions in the US, or concerns about cryptocurrency markets. environment. Elon Musk is getting hate for talking too much It cannot be said that Elon Musk can single-handedly influence the cryptocurrency market. However, the fact that he shares too much about this field still has the opposite effect on the reputation of the CEO of TEsla. Recently, every time Musk writes a Bitcoin-related article, he often receives negative feedback. According to data from the company Awario, which measures the emotions of social network users, the rate of positive responses to Elon Musk’s tweets fell to the lowest level in May. Negative feedback peaked on May 12, when he announced Tesla would stop accepting Bitcoin electric vehicle payments. Talking too much about cryptocurrencies, especially negative articles about Bitcoin, is damaging Elon Musk’s reputation. Photo: Twitter. In January, the number of tweets for and against Elon Musk was about equal. However, by May, the number of tweets against the Tesla CEO was 25% higher. This is the highest negative rate since Awario started measuring it in October 2020. According to this company, the number of tweets with neutral views still accounts for the highest proportion, up to 66%. “Clearly he is teasing the community,” said Bobby Ong, co-founder of crypto data analytics firm CoinGecko. “When Musk speaks out about crypto, the market will wait for a reaction,” Nick Spanos, co-founder of the ZAP Protocol crypto project told Reuters. While data from Musk’s most recent statements shows that the market reaction is less dependent on his words, Musk could still have a negative impact on his reputation. More than just damage to the crypto market, this could directly affect his other companies like Tesla. “Elon is slowly entering an area where it’s best not to say much, because Bitcoin is the currency of the future. I think that’s the danger zone for Elon, because when he makes his dips. price makes a lot of people lose money, they will stop supporting him and then Tesla,” Ross Gerber, CEO of investment firm Gerber Kawasaki and Tesla investor shared with Yahoo Finance .

The price of Dogecoin plummeted right after the show featuring Elon Musk started. Photo: Coindesk. However, when Musk didn’t show up, the price of Dogecoin plummeted. According to the data of Coinmarketcap , from nearly 0.7 USD, Dogecoin dropped to more than 0.5 USD after more than 30 minutes of the program. The market capitalization of this coin dropped from $90 billion to just $68 billion after 1 hour, more than $150 million of leveraged investors was blown away. As expected by many, Elon Musk mentioned Dogecoin in the middle of the show. “Recently, the prices of many cryptocurrencies have increased, such as Bitcoin, Ethereum, and especially Dogecoin,” replied Elon Musk when asked “what is cryptocurrency”. Elon Musk’s mention of Dogecoin only made the coin rise slightly from the bottom. By 12 o’clock, the price of Dogecoin was still at $ 0.55, a sharp decrease compared to before Saturday Night Live aired. “People seem to be starting to realize that you shouldn’t invest based on a guest on a comedy show mentioning that asset,” said Wall Street Journal financial writer Paul Vigna. Elon Musk appeared on Saturday Night Live, mentioning Dogecoin. Earlier, the news that Elon Musk led Saturday Night Live caused the price of Dogecoin to increase sharply. According to the data of Coinmarketcap , the value of each Dogecoin has increased from $0.34 on May 1 to $0.69 as of the morning of May 8. Many fans of Musk and Dogecoin even plan to invite friends over to watch and celebrate if the coin’s price skyrockets. On the morning of May 8, Elon Musk posted on his personal Twitter a picture of him and two other guests of Saturday Night Live. Musk also inserted a picture of the dog Shibu, the symbol of Dogecoin, into the frame. Soon after, the Dogecoin price increased rapidly and reached an all-time high of $0.72 before cooling off.

Bitcoin plunged sharply on the morning of May 13 At 7 a.m. this morning, Bitcoin’s price on Coindesk was just over $ 47,000 / BTC, down $ 10,000 / BTC compared to last night. Meanwhile, on Coinmarketcap, Bitcoin also fell at a similar rate, to close to $ 49,000 / BTC. Thus, after peaking at $ 64,000 in mid-April 2021, Bitcoin never stopped going down and repeatedly broke the $ 50,000 / BTC mark. Along with Bitcoin, a series of other virtual currencies also turned red, the market capitalization decreased by more than 10%. Ethereum decreased by nearly 5%, BNB decreased 8.2%, XRP decreased 10%, BCH decreased 16%, LTC decreased nearly 15% … Some other virtual currencies even decreased 15-40%. Notably, Shiba Inu, a virtual currency “junk” is crazy about investors because the hot rise recently fell by nearly 35% in just half a day. The virtual money market fell vertically because yesterday, billionaire Elon Musk, CEO of Tesla announced “suspending the purchase of cars with Bitcoin” due to environmental concerns. Earlier in March, Elon Musk revealed that US customers can use bitcoin to pay for Tesla cars. “Tesla has suspended the purchase of cars with Bitcoin. We are concerned about the rapid increase in the use of fossil fuels to mine and trade Bitcoin, especially coal, the most polluting fuel. Cryptocurrency is a good idea on many levels and we believe it has a promising future. However, that cannot come at an environmental cost, “the billionaire explained. This billionaire unlike anyone has repeatedly made headlines in the virtual currency market by sudden decisions. However, he also asserted that Tesla did not sell any Bitcoin and intends to use it for trading as Bitcoin mining uses more sustainable energy. Yesterday, this tricky billionaire also gave a consultation on his personal Twitter page about whether Tesla should accept payments in dogecoin. The survey received millions of responses, of which the majority approved. The event comes just days after the billionaire revealed that SpaceX has accepted Dogecoin to pay for his lunar trips. Dogecoin virtual currency was “born” as a joke in 2013 by computer engineer Billy Markus and Adobe marketing expert Jackson Palmer suddenly got waves when billionaire Elon Musk invested and praised many times. on the personal page. However, the billionaire himself has repeatedly made statements to make this virtual currency “on elephants, down dogs”. Over the past 24 hours, Dogecoin has decreased in price by nearly 14%. From the beginning of the year until now, many banks, investment funds, and financial institutions announced to invest in bitcoin or accept payments in Bitcoin. However, with only a few individuals’ moves, this market still plunged without braking, this shows the great risk of this market. Even billionaire Elon Musk, while initiating and pioneering large corporations to invest in virtual money, said that people should not invest life savings in digital money because it is “not wise. good “. According to billionaire Musk, there is a possibility that digital money will become the main currency on earth, but no one knows what kind of currency it will be. Therefore, the investment in that time should be considered.

Photo: FT The dog-shaped coin that started as a joke has grown in value by 1,000% this year and has received the support of many celebrities, such as Tesla founder Elon Musk. . Photo: FT It is not clear how much money Aziz McMahon will gain after investing in Dogecoin. However, The Guardian says that this number is significant. For her part, Aziz McMahon declined to comment. Goldman Sachs said that Aziz McMahon was not involved in the bank’s crypto business. Photo: Bloomberg Last week, Goldman Sachs opened a Bitcoin investment division. This is in contrast to 2018 when the bank said it had decided not to enter the cryptocurrency market. Photo: Bloomberg Created by two software engineers named Billy Markus and Jackson Palmer, Dogecoin was intended to be a faster and happier alternative to bitcoin. Since its inception, Dogecoin has a growing community of users. In mid-April, Dogecoin reached the top 10 of the largest cryptocurrencies in the world.

The big reason for this sharp increase is believed to be the appearance of Tesla CEO Elon Musk on Saturday Night Live, which will take place at dawn 9/5 Vietnam time. Will Musk take Dogecoin soaring? Many people waiting for Musk, which has been publicly supporting Dogecoin for a long time, will mention the cryptocurrency right in the show with millions of viewers across the United States. “Everything will depend on what Elon Musk does, what he says. Everyone will look at the phone while watching the program to keep up with the latest developments,” said Alma Cortez, an investor in Dogecoin. Bloomberg. She said she would invite friends over to watch the show featuring Elon Musk. Elon Musk regularly mentions Dogecoin on his personal page. Photo: Reddit. On the morning of May 8, Elon Musk personally posted a photo of him and two other Saturday Night Live guests on Twitter. Musk also inserted a photo of the dog Shibu, the symbol of the Dogecoin, in the frame. Soon after, the Dogecoin price surged and hit a historic high of $ 0.72 before cooling off. Just a day ago, Musk posted a video on Twitter saying “Cryptocurrency has great potential, but invest with caution”. There is no shortage of stories about Dogecoin investors profiting from this coin. Due to its very small value, only around $ 0.001 to $ 0.003 throughout 2020, investors can own hundreds of thousands of Dogecoins with just under $ 1,000. Elon Musk posted a photo with the guests of Saturday Night Live, and added a picture of Shiba, the Dogecoin symbol. Photo: Elon Musk. Dogecoin’s hot growth is in large part thanks to Elon Musk’s cheers. He repeatedly posted on Twitter cheering for the coin, arguing it would “go to the moon,” a term for the crypto’s skyrocket. Many investors have been waiting for Musk’s television appearance to keep Dogecoin going. With Dogecoin, many experts believe that emotions will contribute the largest to the value of money, not fundamental analysis or technical analysis. “I will trade on the expectation of the arrival of Elon Musk. Whatever he says, people will surely be disappointed by the words that will not be compared with current expectations for Dogecoin,” Yosef Adelman, marketing specialist and Dogecoin investor since 2019, said. Criticized, Dogecoin still surged In the world of cryptocurrencies, Dogecoin is considered a joke since there is no app attached, nor an unlimited number of it can be created. Programmers Billy Markus and Jackson Palmer created this coin by copying the Bitcoin source code, searching for “Bitcoin” and replacing it with “Dogecoin”. It took him just one afternoon to create Dogecoin, Billy Markus said. However, the value of this currency has increased sharply in the past 6 months. According to the CNBC Dogecoin has risen 2,500 times in just half a year, reaching a market cap of $ 86 billion, ranking 4th in the market. This cryptocurrency has increased in price thousands of times in the past half year. Photo: Coinmarketcap. During the same period, the S&P stock index rose 19%, and Tesla shares rose $ 56. Cryptocurrencies Bitcoin and Etherum rose 3 and 7 times, much lower than Dogecoin. “This time, Wall Street is falling. We are seeing young people on TikTok investing much higher returns than the smartest financial investors,” said Mati Greenspan, manager of Quantum Economics. review. “The best part of Dogecoin is honesty. Unlike many other crypto projects, it doesn’t have a grand vision or world-changing claim,” said Galaxy researchers Alex Thorn and Karim Helmy. prefer. Dogecoin’s growth leads to many strange situations. Shares of Coinbase, the largest cryptocurrency exchange in the US, fell to a May 6 low because the company does not support trading of less guaranteed coins like Dogecoin. Meanwhile, trading app Robinhood that supports Dogecoin has climbed to the top of the App Store rankings in the US. In addition to having no background value, many crypto experts warn that the Dogecoin source code has long been out of date. “There are a lot of question marks around Dogecoin’s software problem. Then there will come a time when the software must be updated. If Dogecoin is really valuable and people can monetize the applications on it, someone else will. Get in right now, “commented Konstantin Richter, CEO of blockchain platform Blockdaemon.

In the edited version of Elon Musk, the “Mandatory Vaccine Rollout” section replaces “Blame President Trump!” (Blame President Trump) in the original version. Meanwhile, the last step changed to “Zune Relaunch” (Zune player re-release). The photo is also partially cut off containing the author’s name.

Elon Musk remade the original photo and erased it after 2 hours. Photo: Screenshot.

“Soon you’ll be strangely craving Zune …”, Musk wrote. After that, the Tesla CEO continued to tweet with the words “This will really happen”.

However, after only 2 hours, Mush deleted the post as soon as the post reached 5,000 shares.

It’s unclear why Musk deleted the post. According to the Business InsiderIt is possible that the Tesla CEO intends to arouse fears about the COVID-19 vaccine by sharing anti-vaccine photos.

Original photo The Plannedemic by Ben Garrison. Photo: Ben Garrison.

This is not the first time the two richest powers in the world have an “opinion” on the opponent. In February 2020, in an interview with YouTuber Marques Brownlee, Bill Gates said he was not a fan of Tesla. According to him, while Tesla helped drive innovation and adoption of electric vehicles, he recently bought a Posche Taycan.

In September, Elon Musk said Gates “had no knowledge” of electric cars when a Twitter user asked him what he thought of Bill Gates’ question. Earlier, the Microsoft billionaire wrote a blog post about electric cars and asked if it would be practical to build an all-electric 18-wheeled vehicle.

Tesla CEO even called the Microsoft co-founder a “fool” to criticize efforts to prevent the COVID-19 epidemic. However, the rare occasion Bill Gates commended Elon Musk for acknowledging Tesla’s contribution to climate change, although he had previously mocked Musk’s focus on space.

“Underestimating Elon is not a good idea,” Gates said.

On Garrison’s side, follow Business Insider, he said animated images were posted without his consent.

“Even if it’s Musk’s post, I disagree with arbitrarily making my work and posting pictures with destructive intent. most in the world, so things like this happen a lot, “he said in his email Business Insider.

Microsoft’s Zune MP3 player was seen as a rival to the Apple iPod launched in 2006. However, in 2011, the company stopped making the player.

Through the Bill and Melinda Gates Foundation, billionaire Bill Gates has long been a strong advocate of vaccines, including the COVID-19 preventive vaccine.

Anti-vaccines have speculated about the billionaire’s conspiracy theories. They assume that Bill Gates is trying to implant microchips into others through the COVID-19 vaccination. However, Gates rejected these theories without evidence.