Currently, tools that all people have access are used, and they are social networks, when influential people speak out, they move masses, emotions and cause them to buy or sell, such is the case of the best example Elon Musk, with only a few tweets he made many They will buy Doge and BTC in a massive way, so much that the prices made a big pump, but he by launching a tweet not so good for BTC caused one of the biggest Dumps of all, it is obvious that it was a strategy, if he wanted to sell BTC He achieved it in a great way, this type of manipulation has been applied since the 1800s in the stock market.
It is absolutely not acceptable to me but we can't stop people from doing this as they think that Elon Musk is helping us (for example). Of course, I do the same but to unfortunate that this person had ruined everything and makes us a fool.
This is to understand that it could be easy for the rich people, known personality to manipulate the market as they have the power to make it. We can never stop them as well as it was their right. It's up to us to decide if we have to follow them or not.
Since we can't stop this from happening as it depends on the person himself and we can't dictate them what to say, just take advantage of the situation. If we can't beat them, join them, right? After all, he doesn't care what will happen to your portfolio. It is your money, so take care of it and be responsible with your decisions. These whales are free to manipulate the market but as a small crypto user you need to take care of your own business.
Thus, there is a very clear saying in trading that few use it "Trade with other people's money", that is, follow the direction that the whales put, because if you go against it, it is obvious that you are going to lose, this can be interpreted in several ways:
Good news = SELL, Bad News = BUY, now if Elon Musk or a well-known whale speaks well about BTC, it is best to buy because it will surely go up, but do it almost instantly, because it cannot be denied that these influencers move masses And emotions, now, if Elon Musk returns to make another tweet speaking badly of BTC, I don't think he has the same market manipulation power anymore, I think Elon Musk has lost his market manipulation power.