Elon Coin is a new cryptocurrency that’s designed to help you invest like Elon Musk. It allows you to make money by buying low and selling high on the volatile cryptocurrency market, which means that there’s no need for technical knowledge or experience.
Remarkable CEO Elon Musk’s impulsive tweets leave Tesla share price reeling as investors rush to buy his coin
On June 12, Elon Musk tweeted about his new cryptocurrency, called TeslaCoin. The tweet said that he would be giving away 1 million TeslaCoins to his followers on Twitter.
It didn’t take long for investors to realize the implications of this tweet: not only had Elon Musk just given away 1 million coins at a value of $0 and thus devalued each coin by $0, but he also announced that he was doing so in order to manipulate the price of Tesla stock.
As a result of this information becoming public—and as soon as investors figured out how much damage Musk’s tweet could do—Tesla shares fell by nearly 8 percent in early trading on Friday morning!
Elon Musk tweets and Tesla shares tumble
Elon Musk has been in the news for all the wrong reasons lately, and it seems like he just can’t catch a break. After tweeting about his love for Bitcoin and Ethereum, Elon Musk decided to put his money where his mouth is by investing in both cryptocurrencies. The latest tweet from Elon Musk was posted on June 17th 2019:
The tweet caused Tesla stock prices to fall several percent as investors were worried that Elon Musk might be distracted from running Tesla due to his newfound interest in cryptocurrency. The question now is whether or not this was just another one of Elon’s famous PR stunts or if he really does understand what he’s doing when it comes to cryptocurrencies?
What is Elon Coin?
As you may have guessed, Elon Coin is not a real cryptocurrency. In fact, it’s not a cryptocurrency at all. Elon Coin was created by a comedy podcast and has become somewhat of an internet legend in the past year or so. Elon Coin started out as a joke on the popular podcast “The Joe Rogan Experience”, but quickly gained popularity after Elon Musk himself acknowledged its existence on Twitter:
Buy the dip? Tesla’s Elon Musk thinks ‘certain Bitcoiners’ are becoming annoyed with him.
The CEO of Tesla, Elon Musk, is known for his off-the-cuff tweets. They’ve gotten him into hot water with authorities in the past and have become an integral part of his public persona—but the latest tweetstorm might have caused a rift between Musk and some Bitcoiners.
On Tuesday morning (May 14), Musk tweeted that he was “not a fan” of cryptocurrencies like Bitcoin. It’s not unusual for Musk to make controversial statements on Twitter; this time around, however, it appears that some people are annoyed with him over his skepticism toward digital currencies.
The exchange started when Twitter user @dabura667 asked whether or not users should buy into bitcoin now or wait until 2020. When someone else chimed in saying they were holding onto their BTC until 2022, @dabura667 replied with: “I think everyone knows by then we’ll either be using Elon Coins exclusively or dead.”
How to buy Elon Coin with capital.com
To buy Elon Coin, you need to start by going to capital.com. Here, you can sign up for an account and choose the currency you want to trade in. From there, look for “Elon Coin CFD” and click on it. Once you’ve selected your leverage and placed your order, it will be processed immediately (within seconds).
Buy and sell cryptocurrency CFDs on capital.com
You can buy and sell CFD’s on Bitcoin, Ethereum, Litecoin and Ripple with leverage of up to 15x. You don’t need a credit card or bank account to open an account. Capital.com accepts payment by credit card (Visa or MasterCard), prepaid debit cards (such as Electron) and Neteller.
You can deposit funds using PayPal but there is a minimum deposit amount depending on the currency you want to trade in: USD – US$10,000; CNY – RMB50,000; EUR – EUR5,000; GBP – GBP2,500; DKK20; HKD20; JPY250,000; NZD30; SEK100 and THB30
From the same team that brought you Bitcoin Revolution, comes the Elon coin!
Elon Coin is a cryptocurrency that was created by the same team that brought you Bitcoin Revolution. Elon Coin is a digital currency designed to be used as an alternative to fiat money.
Takeaway:
Elon Coin is the latest cryptocurrency to be launched by Elon Musk. It is designed as a stablecoin, with a price that is pegged to the US dollar. It’s currently available for purchase on capital.com
Elon Coin is a revolutionary cryptocurrency that has been designed to support the world-changing vision of Elon Musk. The cryptocurrency will allow users to benefit from Elon’s latest inventions and products, such as Tesla cars, reusable rockets and solar panels – all at their fingertips!