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re: Official CryptoTalk Thread

Posted on 5/24/21 at 2:59 pm to
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82028 posts
Posted on 5/24/21 at 2:59 pm to
I hate that his tweets have so much influence on this market
Posted by TigeRoots
Member since Oct 2008
8547 posts
Posted on 5/24/21 at 3:01 pm to
It’s insane. His tweets have replaced Trumps as market movers.
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 5/24/21 at 3:01 pm to
Alts being up 50% with btc up 15% is a terrible sign.
This post was edited on 5/24/21 at 3:02 pm
Posted by A Smoke Break
Lafayette
Member since Nov 2018
2175 posts
Posted on 5/24/21 at 3:01 pm to
quote:

ELON tweeting again! We mooning.


Annnnnd here comes the 5000 youtube channels flooding with doge videos everytime elon tweets on the toilet.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82028 posts
Posted on 5/24/21 at 3:02 pm to
Could be because bitcoin was down ~40% while alts were down 80%. Just correcting back to the mean....or ripe for an Alt pullback. Who knows
Posted by TigeRoots
Member since Oct 2008
8547 posts
Posted on 5/24/21 at 3:03 pm to
Elon and Saylor teaming up will catapult BTC. Saylor apparently set the meeting up to talk to miners about green options.

Hopefully Saylor will keep him in check.
This post was edited on 5/24/21 at 3:04 pm
Posted by Douglas Quaid
Mars
Member since Mar 2010
4119 posts
Posted on 5/24/21 at 3:03 pm to
Sure enough his shilling of Doge seems to be sincere.

Posted by Ross
Member since Oct 2007
47827 posts
Posted on 5/24/21 at 3:06 pm to
Saylor is Bitcoin Jesus and will see us to the promised land
Posted by TigerDeBaiter
Member since Dec 2010
10636 posts
Posted on 5/24/21 at 3:08 pm to
Same. Ive been out of crypto for a while waiting to buy a big dip and did just that yesterday. But I’ll take 50% gains in 24 hours and try to buy lower from here. IMO it’ll continue to slide from here.
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 5/24/21 at 3:09 pm to
Or elon is deciding to just pump bitcoin so Tesla can dump it before the next crypto winter
This post was edited on 5/24/21 at 3:10 pm
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82028 posts
Posted on 5/24/21 at 3:10 pm to
quote:

Or elon is deciding to just pump bitcoin so Tesla can dump it before the next crypto winter

Or they bought the dip and now he's back to pumping
Posted by TigerDeBaiter
Member since Dec 2010
10636 posts
Posted on 5/24/21 at 3:14 pm to
^^^
I would assume he bought some on the dip “after seeing the light” on future environmental green unicorn farts. how this guy is not in jail is beyond me. I’m sure Jordan Belfort would agree.
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11825 posts
Posted on 5/24/21 at 3:17 pm to
I don't think he sold anything his cost basis is in the $30K range so he wasn't bleeding out like other speculators.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82028 posts
Posted on 5/24/21 at 3:17 pm to
No laws governing manipulating the crypto markets
Posted by A Smoke Break
Lafayette
Member since Nov 2018
2175 posts
Posted on 5/24/21 at 3:20 pm to
quote:

how this guy is not in jail is beyond me. I’m sure Jordan Belfort would agree.


I'm kind of banking on him and tesla just falling apart in the next 10 years.

Bought some toyota and ford stocks. Toyota turning most of their vehicles into plug in hybrids soon, ford is going to dominate with the lightening, and tesla vehicles are so notoriously bad with their QA and business model that I really see other companies digging into their market share.

Then there's GM leading the front with self driving.
Posted by DallasTiger11
Los Angeles
Member since Mar 2004
13327 posts
Posted on 5/24/21 at 3:28 pm to
quote:

No laws governing manipulating the crypto markets

He completely made up that Tesla was going private at a meme price and the SEC did nothing. They certainly aren't doing anything to him over his crypto manipulation. I'm sick of this market being so contingent on his tweets
Posted by TigerDeBaiter
Member since Dec 2010
10636 posts
Posted on 5/24/21 at 3:31 pm to
quote:

No laws governing manipulating the crypto markets


But he is using Bitcoin as part of his treasury at Tesla. In fact it’s essentially the only profit they’ve ever had.
Posted by TigerDeBaiter
Member since Dec 2010
10636 posts
Posted on 5/24/21 at 3:31 pm to
I don’t rest give a shite, just find it a little fascinating
Posted by UnluckyTiger
Member since Sep 2003
41219 posts
Posted on 5/24/21 at 3:33 pm to
I want a crypto winter in the summer, just keep it boring and stagnant for a couple of months. Elon needs to STFU and let this all marinate for a bit.
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 5/24/21 at 3:33 pm to
I'm a little confused as to why we're giving so much weight to the possibility elon had any noticeable effect.

We have had multiple posters in this thread calling for a swing up. Multiple sets of TA showed a run to 48k from multiple different, unassociated sources.

Yet, when it's happening, "omg elon tweet".

yeah I mean we were losing steam and it may have taken longer to get to 45-48 but it was definitely already baked into the cards after how hard and fast it crashed down
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