Here I start my day with POB Talk. There is a lot happening around crypto-currency. Elon Musk once again made a tweet about bitcoin and the prices have started rising once again. This looks like there would be another wave of the price rise before the prices settle.
How long you think it will take before the masses disregard celeb tweets, when making investment decisions? It's always waves, don't think the proce will settle anytime soon.. but who knows
It is difficult to see that sea change in the investment decisions related to the celebrity tweets anytime soon. This is now an inherent aspect of the cryptocurrency world. I also read some time back that there would be some tools which would be developed to analyse the tweets of Elon Musk, decide whether its positive or negative and take the position in the market. For such tools to succeed it is necessary for Musk to tweet.
Lol, lol. Tools to detect tweets energy? That's hilarious.
How's a tool supposed to read a post and know whether or not it's positive? That's like trying to read a person's mind that isn't physically there. Things like facial expressions and body motions are key points to reading one's mind after a speech, so I don't know how a tool wants to detect what Elon really means from random words typed.
It's only gonna get worse. People will have to check Elon Musk's tweets to see if it is safe to cross the street.
Sadly.
I think it's possible, an AI could possibly deduce a certain sentiment from tweets if they're long enough and has some history to analyse. It's indeed sad but I think in the long term it won't matter TOO much. It just causes a lot of volatility short term..
It may never happen!
The masses will always jump on whatever boat a more achieved personality is on, that's how the cards are being played. They believe whatever they say or the decisions they make are heavenly sent, sadly.
Could be, I do think it mostly creates short term swings though and will not matter much in the long run
That's a good question.... I hope it happens sooner than later. I stopped basing my decisions on celeb tweets a long time ago (never have, really) but I'm only a very small fish in the pond
Me too, it's happens so easily though. The masses are quite easily influenced..
Elon is basically moving in circles, I doubt if he even knows what he wants anymore. Bitcoin energy shit haven't even been taken care of and here he is saying shits again.
My take is that all this talks on energy usage reduction or an embrace of green power are font up lies, put in place to help Elon regain his social status.
We have to live with the reality that people like Elon Musk are inevitable part of the crypto currency ecosystem. They would influence, users and masses at large to buy bitcoin and other crypto currencies.
BTC move was inevitable. Thanks to Elon musk though who help facilitate the move. I think we might up for a good ride to the top
Nah, it won't be so easy going. BTC will have its move up when no one expects.
Sure. But i believe it's not far away. After 40k then we see where we go from there
I am happy that the tweets from famous persons do not keep too much of my attention. Many people will discuss this tweet and it won't solve many problems in the crypto ecosystem. I think that it will be more interesting to read from the news that Elon got no feedback after its second latest inflammatory comment about crypto.