It seems that Elon Musk is not the nice guy in the neighborhood anymore. Instead, people could be getting tired of his tweets —or maybe the losses after the flash crash following his claims that Bitcoin was dangerous for the environment were the last straw for many cryptocurrency enthusiasts who are no longer afraid to criticize him.
Recently, Musk became the trolled troll of Crypto Twitter. Just moments after he tried to mock Michael Saylor, the CEO of Tesla received so much negativity that he quickly had to step back.
Elon Gets Ratioed on Twitter
When Saylor disputed the veracity of an article about Bitcoin’s energy problems, Elon Musk promptly rushed to mock him, calling him “Gigachad.”
The reactions were so negative that he quickly deleted the tweet.
— MICROCHAD 🚀 (@mtcbtc) May 20, 2021
People say a tweet got ratioed when the comments and interactions superseded the number of likes. Also, some considered it a bad signal when a tweet receives a lot of criticism on the replies because it means that either the tweet failed to accomplish its goals, or the author was so good at trolling that it triggered an entire community.
In the case of Elon’s comment, the first explanation seems to be the most accurate and justifies why he did damage control by deleting his tweet.
Elon Musk subsequently tried to share a meme questioning Saylor’s intelligence at doing business. Again, Crypto Twitter used the very same meme to mock him back repeatedly.
It seems that for now, Elon has the Dogecoin Army to back him up, but Michael Saylor has also an Army of bitcoiners willing to support him on Twitter as well.
You Don’t Like Him, But Prices Do
Even though he got trolled on Twitter, Elon Musk once again proved that he still moves the markets, no matter how much bitcoiners hate that idea.
After dubbing Dogecoin “a hustle” on national television and crashing its prices, the billionaire saved the cryptocurrency with his tweets shortly after. And as twisted as it sounds, he did the same thing today.
A few hours ago, the entrepreneur assured that he was not going to sell any Dogecoin just moments before he shared a picture of a dollar bill with a picture of a dog. He did not say anything specific, but many considered the tweet was implying the possibility of Dogecoin reaching 1$ soon.
Yeah, I haven’t & won’t sell any Doge
— Elon Musk (@elonmusk) May 20, 2021
The idea of Dogecoin at $1 has been floating around the minds of many fans and investors, and it is the new goal of the community after breaking past the 69 cents barrier.
But what is important to note is that Elon’s tweet, you guessed it, served to pump up the cryptocurrency about 20% in minutes.
A similar effect had a tweet he shared yesterday at the height of Bitcoin’s decline. After saying Tesla had diamond hands, Bitcoin stopped falling and recovered nearly 10%, moving from a low near $30k and back to the near $40k range again.
So perhaps, it is not a bad idea to keep an eye on Elon’s timeline —no matter how bad you want him to stop tweeting.