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Topic: Do you think Elon is manipulating the market? - page 4. (Read 977 times)

hero member
Activity: 2562
Merit: 659
Dimon69
Did Musk contribute to the fall of the price? Of course he did. However, China's decision wasn't a smaller factor, not to mention that correction always arrives after the bull market. Moreover, Musk was also the one who contributed to the growth of the price before, when Tesla announced accepting BTC and when they invested $1.5 billion in Bitcoin. So it's not like he only brought devastation. Moreover, nothing he does causes permanent damage to the market. Bitcoin will recover eventually like it always does.
Dump will really going to happen due to the high price of crypto being too much, its just that the FUD became more fast as well spread into many because of his influence and everytime he do some posts. It's not really all about him but let's be honest that he gave really an impact in the market. We will see if he post some positive post again if there are still many who will follow him for some hype.
hero member
Activity: 2702
Merit: 510
Leading Crypto Sports Betting & Casino Platform
He is, spreading fud when the market is above $55K and then change his opinion and start shilling for bitcoin when the price is below $35K if that's not manipulation then I wonder.
But, the source of his strength to manipulate the market is simply coming from the hype generated by his tweet because he has massive follower that always follow him.
Since people sees that he doesn't bring any good to the followers then he more likely can't manipulate the market further, and bitcoin maybe will become more resilient from
such manipulation. Though we can't deny that his company tesla own $1,5B and that could more or less affect the market as well because many people also follow
tesla move on whether buying or dumping bitcoin, it could trigger domino effects.
sr. member
Activity: 1120
Merit: 272
First 100% Liquid Stablecoin Backed by Gold
Ever since he hyped dogecoin, he is already manipulating the market and make people invest on it and make its price higher.

Many other big companies or personalities are also contributing to the market fluctuations and it is really sad for us.

What can we do about that? We are just a small investor who are just going with the flow.
legendary
Activity: 3164
Merit: 1175
People don't care anymore about Elon's tweet. He came to be a person who hasn't respect by people. And now, whatever he said just ignored it.

Maybe tomorrow he will come to bring his new coin as McAfee did, that is a fact to be true if he still on that tweet.

I guess we need to add "some" at the start of the first sentence! Some people don't care anymore! But I guess there are at least a few million people who care and follow everything he says and does!

I think that he is manipulating the market, and with his bankroll, he can do that! But as Blue said, he became a person who can't be trusted! Today he will say one thing, tomorrow he will do something completely different!
legendary
Activity: 2310
Merit: 1422
However, all these manipulation can effect the market only in short term and they effect the long term holders at all.
Good you mentioned that because that's always something to keep in mind. This short term manipulation will not have any effects if we take into consideration the big picture we all foresee happening in the long run.
In a way it wasn't even bad to have this slowdown because there were people starting to investing in crazy horseshit and believing they could become rich with that.
Keep accumulating bitcoin and don't worry  Wink
jr. member
Activity: 294
Merit: 1
People believe so much on Elon musk. People does not research for their own what is going on or what's are coming up to?Thought that Elon musk tweeted so that It's going to be the time market will be  down Now for crypto currency.Big people make big Plan what's with upto  him already he knows better.But He will be come with new breakthrough in my opinion he will launch new Token and making new idea to come throughout the crypto currency.Everyone should have to research themself not anyone tweet and making quick judge or decision this is kind of a foolish attitude I think.
legendary
Activity: 2338
Merit: 1124
Know that if we continue to follow in the footsteps he might be trapped, especially a bitcoin holder and doge, he already knows what the plan is behind his profits, of course those who feel they will lose when there is market manipulation, but it's true that it is only temporary and if people are strong in this he will come out of his trap.
I have no interest at all after destroying the market sometimes now even though I have observed that it remains unstable in bitcoin later which can affect all of it so I will go and never see Elon Musk's tweet.
But still, the market will be influenced by him.
The more of you there will be, the lesser manipulation power he will have. There are tons of people who traded because he tweets and now they are feeling betrayed, he said good things about doge all the time and he said tesla bought bitcoin and accepts bitcoin so the price of bitcoin went up thanks to him, all the people that got in because of him also made a profit if they sold so those ones could like him.

However there are tons of people who lost tons of money because he started to talk shit about crypto and said bad things about bitcoin, surely this whole fall is not because of him but the start of him was all because of him and that is why people may end up not caring about him at all and not support him. All of these are the reasons he may lose power of manipulation, he will probably not have anything remotely close to what he used to have in power.
legendary
Activity: 2044
Merit: 1115
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I believe that Elon Musk is manipulating the market and his messages and statements clearly contribute to both the growth and the fall in the prices of crypto assets. It is very simple to determine this, if Elon Musk's statement came out and after that there is a large movement in the prices of crypto assets, then this is a real influence, which can be regarded as manipulation with a goal or simply to bring down prices to buy cryptocurrency at low prices or for the sake of another cryptocurrency. In any case, such statements have a real impact and this is very bad in general for the entire crypto industry.
right, the crypto market is synonymous with whales, and ellon is one of them. with his statement accepting crypto and finally releasing crypto, made market sentiment move and he was already profiting from crypto. but I think it will recover by itself, so I think investors need not worry
In my personal view he really does everything for the sake of making a profit,
and I guess that's why so many people hate Elon Musk,
related to that I agree the market will definitely recover but I don't know when for sure so it's better to stay calm

I'm a capitalist, I love people who do things for a profit, including Elon Musk.  So I can personally advocate for this not to be the case.  The reason I hate Elon is he's a narcissist, troll, and petty public figure who started spreading Covid denialism when he was unhappy about not being able to make his cars without Covid protections for workers.  He's unhinged, as evidenced by his picking a fight with a British journalist and calling him a pedo on Twitter, which has led to a lawsuit that I hope gets him hit with a mutli-million dollar judgement for slander.

But as far as him making profits in the companies he runs, I'm all for it.
full member
Activity: 1064
Merit: 100
Combo Network
I believe that Elon Musk is manipulating the market and his messages and statements clearly contribute to both the growth and the fall in the prices of crypto assets. It is very simple to determine this, if Elon Musk's statement came out and after that there is a large movement in the prices of crypto assets, then this is a real influence, which can be regarded as manipulation with a goal or simply to bring down prices to buy cryptocurrency at low prices or for the sake of another cryptocurrency. In any case, such statements have a real impact and this is very bad in general for the entire crypto industry.
right, the crypto market is synonymous with whales, and ellon is one of them. with his statement accepting crypto and finally releasing crypto, made market sentiment move and he was already profiting from crypto. but I think it will recover by itself, so I think investors need not worry
In my personal view he really does everything for the sake of making a profit,
and I guess that's why so many people hate Elon Musk,
related to that I agree the market will definitely recover but I don't know when for sure so it's better to stay calm
hero member
Activity: 2912
Merit: 642
That's interesting to see people don't care about Elon Mask and his tweets, anymore. He did write a tweet about dogecoin a few days ago and nothing happened, the price didn't rise or fall at all. He was definitely try to manipulate the price and get advantage from it. That's who some people get rich and other lose their money. However, all these manipulation can effect the market only in short term and they effect the long term holders at all.
Thank goodness the people are back to themselves.
I thought the virus spread by Elon will take longer but the vaccine seems to be enough to administer them.  Grin

We've seen this already, right? Some crazy known dude tried to manipulate the market too by posting in a social media application that he will eat his own **** if it won't happen. Until now his *** is still there or maybe he just can't reach it.
We should avoid this kind of scene and better support those who are really making a change for everyone and not just for themselves.
legendary
Activity: 3136
Merit: 1392
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Did Musk contribute to the fall of the price? Of course he did. However, China's decision wasn't a smaller factor, not to mention that correction always arrives after the bull market. Moreover, Musk was also the one who contributed to the growth of the price before, when Tesla announced accepting BTC and when they invested $1.5 billion in Bitcoin. So it's not like he only brought devastation. Moreover, nothing he does causes permanent damage to the market. Bitcoin will recover eventually like it always does.
full member
Activity: 812
Merit: 100
www.cd3d.app
I believe that Elon Musk is manipulating the market and his messages and statements clearly contribute to both the growth and the fall in the prices of crypto assets. It is very simple to determine this, if Elon Musk's statement came out and after that there is a large movement in the prices of crypto assets, then this is a real influence, which can be regarded as manipulation with a goal or simply to bring down prices to buy cryptocurrency at low prices or for the sake of another cryptocurrency. In any case, such statements have a real impact and this is very bad in general for the entire crypto industry.
right, the crypto market is synonymous with whales, and ellon is one of them. with his statement accepting crypto and finally releasing crypto, made market sentiment move and he was already profiting from crypto. but I think it will recover by itself, so I think investors need not worry
hero member
Activity: 1498
Merit: 702
The market will still be controlled by the likes of Elon musk, if those who invest in crypto-currency do it because of the super glued attraction to the like of Elon musk's tweets.
Elon musk might be calling some boss level shots, but I don't think he is doing it for fun, or to express to crypto-currency atmosphere the power of his tweets, I think he aims at capitalizing on this power, don't know but maybe he would want to have his crypto-coin, billionaires are observablely obsessed types, and I think crypto-currency May just be like wall Street, once they start coming over in.
full member
Activity: 1946
Merit: 112
I believe that Elon Musk is manipulating the market and his messages and statements clearly contribute to both the growth and the fall in the prices of crypto assets. It is very simple to determine this, if Elon Musk's statement came out and after that there is a large movement in the prices of crypto assets, then this is a real influence, which can be regarded as manipulation with a goal or simply to bring down prices to buy cryptocurrency at low prices or for the sake of another cryptocurrency. In any case, such statements have a real impact and this is very bad in general for the entire crypto industry.
legendary
Activity: 2044
Merit: 1115
★777Coin.com★ Fun BTC Casino!


Elon, in my opinion, is truly manipulating the market by issuing a statement on his Twitter account that is very influential to the majority of people in the crypto scene without DYOR even his people that are engineers can't assess the reality of bitcoin mining! He stated that BTC isn't good for the environment and having a huge power consumption but many of the experts have already debunked his statement.


Elon spouts off on all types of things on twitter, there's really no evidence he's trying to manipulate the market. It's more likely he just craves constant attention and constantly opining on crypto is the easiest way to stay in the limelight and command the constant attention that he seeks.  Many of the "experts" have not debunked his power consumption claims, just bitcoin maximalists who pump bitcoin no matter what.  Independently minded folks generally agree that Bitcoin's power demands are woefully inefficient on a per transaction basis.
sr. member
Activity: 1036
Merit: 286
Doesn't matter anymore if he is manipulating the market or not but in any way possible, let us all just disregard what he is doing and stop talking about it. His scheme is very obvious, he is just trying to break the balance of the market for his own sake. His tweets should not mean anything for us anymore neither his opinions when it comes to crypto. Bitcoin will soon recover from what he has done so let us just quit bothering about the things he is saying. Let us focus on our investment and keep on analyzing what is the next best thing to do considering the market's current condition.
legendary
Activity: 2394
Merit: 1049
Smart is not enough, there must be skills
That's interesting to see people don't care about Elon Mask and his tweets, anymore. He did write a tweet about dogecoin a few days ago and nothing happened, the price didn't rise or fall at all. He was definitely try to manipulate the price and get advantage from it. That's who some people get rich and other lose their money. However, all these manipulation can effect the market only in short term and they effect the long term holders at all.
Know that if we continue to follow in the footsteps he might be trapped, especially a bitcoin holder and doge, he already knows what the plan is behind his profits, of course those who feel they will lose when there is market manipulation, but it's true that it is only temporary and if people are strong in this he will come out of his trap.
I have no interest at all after destroying the market sometimes now even though I have observed that it remains unstable in bitcoin later which can affect all of it so I will go and never see Elon Musk's tweet.
But still, the market will be influenced by him.
hero member
Activity: 1582
Merit: 722
Leading Crypto Sports Betting & Casino Platform
That's interesting to see people don't care about Elon Mask and his tweets, anymore. He did write a tweet about dogecoin a few days ago and nothing happened, the price didn't rise or fall at all. He was definitely try to manipulate the price and get advantage from it. That's who some people get rich and other lose their money. However, all these manipulation can effect the market only in short term and they effect the long term holders at all.
legendary
Activity: 2310
Merit: 1422
I sense that people started to know him: too many got burned thanks to him P&D signals and he's losing influence as a crypto guy. Couldn't have gone better in that sense! Bitcoin need no gurus or frontmen.
You can be Elon Musk, Bill Gates, Warren Buffett yet honey badger doesn't care!
hero member
Activity: 2590
Merit: 549
Rollbit
He have to be careful about his tweets. I hope he don't make cryptocurrency community don't like him anymore. In my point of view, he and his company must keep have good image because not all people like electric car. Many people only care about their convenient, pride, price, capacity and etc. They don't think too much about environment.
Why does he have to be careful though? He doesn't live to impress everyone and everyone should live like that too. Also, the community is a bandwagon when it comes to people that influences the market, pretty sure that they will be going to ease up on him when he becomes the reason for the next big pump of the market.
He needs to be careful with his Tweets because there is actually a law that counters the market manipulations.
The moment he makes it very obvious, that would become a ground for a lawsuit.
The crypto community doesn't totally follow him, It was the people on Twitter and other social media platforms that has been following him since the Doge hype. Now Shiba.
The crypto community knew what he was trying to do with the market when he started tweeting about Cryptocurrency, and so majority of the people in this community despise him for messing around the crypto space.
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