said Saturday that bitcoin prices "seem high" after the cryptocurrency surged to another record high this week., the world's most popular cryptocurrency, crossed a major milestone Friday after the market value reached more than $1 trillion, leaving some major backers surprised. Ethereum, the second-largest cryptocurrency, also hit record highs.
"Money is just data that allows us to avoid the inconvenience of barter," tweeted Musk, a major proponent of digital currencies. "That data, like all data, is subject to latency & error. The system will evolve to that which minimizes both." In a following post, Musk added, "that said, BTC & ETH do seem high lol," in a response to a user who said gold was better than both bitcoin and cash.
So many people are playing the masses. They’re hyping it up and it will fail. And they know it. And they know the average person will push it up for them then they’ll dump it faster than the average Joe can.
This all seems legal. Not dangerous at all.
Uh..he also says the same about his own TSLA stock..
Its very difficult to sell 1 million btc at 16k but its easy to sell when btc reached near 90k
the silence of US govt against bitcoin seems that it is secretly supporting it... maybe it was created to divert from gold
There are more than 4000 cryptos in the market so far..... how will they replace fiat currency? To mine 1 bitcoin, a miner needs electricity equals to argentine..is that really sensible and justifiable today? Few people are sitting on tons of bitcoins and they want to sell
build trust on other crypto currencies might distribute speed of growth among them
I wonder if anybody’s ever really thought about the repercussions if something like bitcoin should become the global currency you know replacing the US dollar! do people think that would have any negative impact on America? Hmmm.
Pump and dump , already succeeded in pumping bitcoins values , than what ?
Elon just toying with us and he knows it...
Manipulating markets at its best. Creating next financial crisis like the ratcatcher of hameln. Elon, you‘re in jail by end of 2021, worthless cryptos USD 0,00 and millions of rats dont understand whats going on. Big Hollywood drama. Impressed how stupid rats are
No he didn’t CNBC is trying to lower the value of bitcoin. Anything main stream media doesn’t like for the Democratic Party they attack
He trolls too much now..
Setting up a new currency is like setting up a new government, let’s do this
Wow....in case there was any doubt left as to whether Elon Musk is a genius, this Musk quote should put all doubts to rest “Bitcoin seems high at a $1 trillion market cap”. I might say the same about TESLA’s valuation, but then again I’m only an amateur historian.
It may be high, but i think he is trolling. He is also testing his influence, with both him and Tesla benefiting from a crash, they will just buy more Bitcoin.
He was giving a sop to Schiff, a nonbeliever. Even Musk himself may not be totally convinced although his allocation suggests otherwise. I think he’s just trying to play nice. Bitcoin is fundamentally sound, well positioned and tested. It is poised for uninterrupted growth.
Musk is fed's monster. Avoid him anyway
Is Bill Gates investing? Who’s more Global than him? Warren Buffett?
If Bitcoin can transfer wealth within America, it can transfer money from country to country. We already have Digital transactions called Credit Cards. It is too volatile to be reliable. It attracts the wrong people including criminals.
That because he wants to buy more at a lower price. Pretty basic reason to bring the value down first
He also said before Tesla seemed high and went up. That’s Elon!
Yet its still climbing
What are his motives for saying so?
And what exactly is this thing worth a trillion in Bitcoin? How can it be used by people? One imagines the 6 other cryptoside value moving to a trillion each and what their values would exactly represent. Phantom values
Oh gosh. Really, Elon? Will your giveaway lower the price
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Yoda Once the price to go down! Ok ✅ let’s Buy on the Dip:💰💵💸
Isn't that what he wanted? He's the puppet master.
5 trillion cap juat around the corner then
People are freezing to death in Texas!
I agree with elonmusk here, but it's going higher, much higher more than likely.
He just says stuff. It's not news.
Whats the GDP of Bitcoinistan?
Lol so did the Tesla stock when he tweeted that. He’s playing the game to buy more.
He has earned enough
So down goes the price of BTC. Thanks buddy.
Of course Bitcoin seems high , even the people buying them at such valuations!
Is the SEC going to regulate crypto exchanges? Insider trading is running rampant.
Ya so as Tesla
If you remove all of the price and memes, which crypto has the best tech?
elonmusk
Elon Circa May 1, 2020 ‘The price of Tesla is too high’ TSLA $760 August 11, 2020 - Five to One stock split TSLA close today $781 (after a five to one stock split last year) Elon knows some sly Jedi sh$t !
The part where Elon Lucy's the stock market.
Genius... musk makes a panic sell statement. My guess, it drops some, he buys again.
Seems high? How about BUBBLE
ElonMusk told podcast host Joe Rogan that fewer people should start careers in finance and law and instead focus on innovation. Now ElonMusk is concentrating on finance more than on innovation. Market will tell if Bitcoins are too high or not.
Elon gonna tank this....
He’s just saying that to bring the price down to buy more.
Remember when he said that about tesla lol
So is he like Yoda ?
For something with no fundamental underlying value against those assets, this feels like a subprime mortgage asset. This could fail and melt big time.
$Doge
Maybe he wants to buy more at a lower price? Sounds like insider trading to me
Last time this mofo said this his stock is up than any other
How does one even determine what it’s fundamental (hypothetical?) value should be?
He gonna buy some more.....
Economics major The thinking is off... countries can print all the money they want, and do! There’s only so much bitcoins. No?
Hummmm something to that line of thinking 💭
I am confused. Musk was in favor of accepting bitcoins to purchase his cars. The way I see it Bitcoin is a Ponzi scheme.
Why would you say that? Seems high? Damn dude let us little guys get something out of it! You’re already stinky rich! BTC is going to 100k in 2 years- it could have done it in one year until you said that. DUDE? Wtf
lol he's trolling yall and yall seem oblivious
No shit.
It’s a mind game. He’s sly. He knows it’s far from hitting a ceiling.
Is this parody? I can't tell anymore
That is what he said about Tesla.
He also said Tesla stock was overvalued and look what happened.
That’s what he said about Tesla stock when it was trading at $700 pre splits and look where it is now?
so what
Maybe he can split it into 5 like thy tesla stock? Here’s an idea
No one was thinking he was unloading his bitcoin yesterday little by little and people kept buying?
Chump!
this mf's 15 minutes is at expiration point imho.
🤣😂🤣😂 Did elonmusk bought Bitcoin at 3 am in the morning? may be he missed digit or 2?
Bitcoin says Elon Musk seems high!
Remember this? Not saying Telsa is worth 800 a share, quite the opposite, they have been fooling the dumbs big time.
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Explain to me why people don’t like this guy but give zuckerberg, Bill gates and Jack Dorsey a pass ? Elon musk is smarter than all 3 of those guys put together and those guys are smart. Elon musk will do so much for the future than those 3. Zack, Dorsey are awful for humanity
Does this imply he is buying it right now? That’s something I would certainly say as I actively purchase something....
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When I first read the title of the article (QUICK GLANCE AT TITLE); thought it said elonmusk seems high! Smoke it if you got it CANNABIS 420
Two mindsets here.. Trying to sink price to load up on more BTC Already loaded up and saying that to get people to force it one more green candle so he can exit. Either way he'll win
420 was a bit high for an IPO back then.
Lowering the price for friends to get in?
This guy is a joke . He is just playing games . Tesla is a fraud , a scheme. It will end very bad .
I have a trillion dollars and I’m buying every bitcoin.
APompliano
BTW Elon is a gamer at heart. To him everything is a game so if you are working 15 dollars an hour doing physical labor and following his tweets as a financial advisor, you are a fool and you are a part of a game where you will be eradicated one day or another. Don’t play!!
Now your aware there are quite a few cryptos that far exceed what but coin is doing right now? Right?
elonmusk isn't an economic guru, he is an idea guy who was born wealthy who takes welfare from the US Gov't.
He also says LOL !! Read through the lines. Last time he said Tesla is expensive it was at 750 comparatively after split it’s at 4000. So sarcastically what he means is Bitcoin to 250K. What do you think ?
So does Tesla seem a bit high
Wait until he sees Tesla’s market cap
Breathtaking article guys. Really captivates the mind.
Now its really gonna blast off
*Seems* high. But relative to its potential, is it?
He Elon you used this trick with Tesla stock already
I think elonmusk must be a little high too. But I guess his 1.5 billion is equivalent to my $150.00 but I’m not high. Just saying......
Translation. I should have bought more....buy the dip before $100k
You mustn't post everything, you know
Who care what he has to say, I don’t understand why ya relay on this troll.
He said about Tesla same thing 9months ago
Not as bad as TSLA maybe?
He's trying to sink the price so Tesla can buy up more. Same thing he did with the Tesla stock.
Lmaooo if you don’t see the troll then 🤷♂️ Bitcoin will continue to increase in value HFSP
This 🍑🤡 loves to inflate makers for his own personal gain, run for the cliff 💰🐁’s the pipers playing
Whoa whoa...not cool.
Also Elon
When you're 'high' everything seems high 🚬
We all know what happened when he said “Tesla stock price is high imo”.
Free enterprise exchange or free commodity order
The current 2-5% investors who hold 95% Bitcoin will slowly get out and the new investors (greater fools) who are very enthusiastic to grab a coin at any price will hold the worthless piece of codes forever just because 1 billionaire is advocating crypto on a daily basis.
Timber!!!!
❗️❗️❕❗️❗️ $TSLA
SELL SELL SELL (to me)
They hates this coz you are the first elonmusk
that’s the new mantra. when Elon says it’s high, it goes higher ;)
Fake money made by smart people = Bitcoin
Very bad news for Tesla bears IF he sells the btc holdings and uses it to show profits on the next earnings. Tesla would then have a btc trading line of business to compensate for the car ponzi accounting they currently run.
So Tesla invests 1.5B into bitcoin, then merely a week later Mr. Musk says it seems high? OK, derp ti deep derp
How do you set a price on bits? We could create ever more bitcoin alternatives with the flip of a switch, but somehow only Bitcoin has this 'value' and the others not, yet they cannot be distinguished. Hmm...
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This is the secret signal from Elon, last time he said this about TSLA it mooned and then went to Mars 🔥
💎👐🏼
Ya Think?!!!
When you're not used to the kinds of moves Bitcoin has it seems a lot, I remember from 2017. Everyone told me to sell after every 20% pump but I didn't I survived 6x 30% corrections and watched BTC go up from $1k to nearly $20k in a year. We're not even vaguely close to that. :)
Remember last year when Elon said the Tesla stock price was too high? hmmmm
Pumped it and now probably lessening his positions.
CNBC and Bloomberg are using old Elon tweets to scare people away while smart/institutional money are buying a ton of BTC. CNBC work for the banks, they can't be trusted.
So if history repeats it self, bitcoin will be doubling in prices in a week. 🥴
Lol
Live view of Bitcoin moving towards 60k
Quick, puts on bitcoin
elon musk made more profit from tesla than bitcoin
Rapidly changing trends
Time to BUY!!!!
I think we’re all overestimating how much time elonmusk spends toiling over Bitcoin. He is after all trying to save mankind by making us an interplanetary species. I think that comes up at dinner once in a while too. P.S. - I think about Bitcoin constantly.
DOGE to the moon
Unbelievable. elonmusk moving the markets with his tweets is this generation's idiotic answer to journalists commenting on what WarrenBuffett is buying and/or selling. He's a genius. The Leonardo da Vinci of the 21st Century. But his tweets... The Tech world's answer to Trump.
The last time Elon said anything was too high it went even higher then had a stock split and still went higher lol
Great photo lol
This happened when he said Tesla stock price would be too high ... (Source: Zerohedge)... which means BTC could easily reach 4 million USD (as one analyst stated today)
....But elonmusk believes Dogecoin is a great investment
Invest in securities for Bitcoin and it can succeed.
I agree. elonmusk
Was he high on mushrooms or DMT when he said this?
That user is PeterSchiff Can’t even get your writers to do some simple research let alone think for themselves. 🤣🤣🤣🤣🤣
This guy burps and stocks/cryptocurrency swing one way or the other as he dictates (and he increases his net worth).
WTF he was joking, can’t you read?
It's gonna crash now time to buy more
This means price will double and market cap going to 2 Trillion. 😎
Don't worry, it will eventually fall like a rock. Made up limited supply backed by nothing will eventually fail.
Dogecoin it's your turn now
dogecash bitcoin elonmusk
یار تم کون ہوں؟تم مجہے فون کرکے بتاکیوں نہیں دیتے؟
Didn't he say the same about $TSLA few months ago 🤔
You clowns don’t get it- he didn’t say the ‘PRICE’ was high...idiots
The same way he said Tesla is high and it shot up 500%+
Tulpenbollen mania
Yeah so does Elon
I'm guessing he wants more
Dogecoin bagholders waiting for the latest Elon tweet😬
we’ve seen this before
Too High!!!
pump doge again bro