Elon Musk really has the ability to manipulate the bitcoin market - page 4.

Ultegra134

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Quote from: ilovealtcoins on May 25, 2021, 09:19:19 AM

He is clearly a manipulator or facilitates other manipulators to act. Before he posted his first tweet about accepting Bitcoin as payment of TESLA value per Bitcoin over $60k. After the Bitcoin price drop happened, Elon Musk took steps to appease and the Bitcoin price surged again. I have saved some links of tweets in the links below, please follow along.

Talking about stopping accepting Bitcoin to pay for Tesla's electric cars
https://twitter.com/elonmusk/status/1392602041025843203

"The true battle is between fiat & crypto. On balance, I support the latter"
https://twitter.com/elonmusk/status/1396049547680391168

"Spoke with North American Bitcoin miners. They committed to publish current & planned renewable usage & to ask miners WW to do so. Potentially promising."
https://twitter.com/elonmusk/status/1396914548167233537

I just saw the third tweet, chances are, that he'll claim that Bitcoin miners are turning green, using renewable energy resources and Bitcoin is now environmentally friendly! On top of that, he'll soon return BTC as a form of payment for Tesla cars, not that anyone is going to use it, but it's going to be those important influential news that affect the market creating a huge hype. Yup, we've seen it in the past, and we're definitely seeing it again.

conected

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Quote from: suzanne5223 on May 28, 2021, 12:32:58 PM

Elon Musk can manipulate the market but this ability won't last forever cause people only follow his tweet because of his spot in the world engineering and world richest man alive, I don't know if you have joined the crypto market during the previous ATH market when McAfee also have the same ability which he later looses when he started to abuses his ability the same thing will happen to Elon. Besides, I once read in an article that's losing his tweet power these days.

- Agree, everyone's eyes and analytical ability are not a joke and have no value, behaviors are so frequent, it is always an easy point for others to suspect and when the hidden story is brought to light, these powers will no longer be valid. Finally,this world does not lack people who are full of elements such as Elon Musk, once Elon Musk's tweet has a collision and opposes the development of these people,they will do the same, attack back and erase the bad ideas of Elon Musk

Midy

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Most people do not analyze or think long about the negative information circulating in the cryptocurrency world, therefore many people like Elon Musk take advantage of moments like this to reap the maximum profit.
The biggest key to investing in cryptocurrency is patiently waiting for the right moment to buy and sell it

suzanne5223

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Elon Musk can manipulate the market but this ability won't last forever cause people only follow his tweet because of his spot in the world engineering and world richest man alive, I don't know if you have joined the crypto market during the previous ATH market when McAfee also have the same ability which he later looses when he started to abuses his ability the same thing will happen to Elon. Besides, I once read in an article that's losing his tweet power these days.

tyz

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Quote from: YanBitMoney on May 17, 2021, 03:42:26 AM

Haha, just like I said in the previous post, Elon Musk really has the ability to manipulate the bitcoin market, just follow him at least for the moment. But this wouldn't last long; they started to hate him.
At least if you go short, you also have some money. In this market, the more you panic, the more you lose money.
https://medium.com/snapbots-news/snapbots-news-review-elon-musk-suggests-teslas-sale-of-bitcoin-market-drop-again-cb7078dc8f00

Elon Musk is a master at selling stories. The same thing happened with Tesla. Tesla's stock has been extremely expensive for many years and yet he always manages to keep investors happy and believing the big story. He may be right, the future will show, but he takes away the investors' fear of risk.
And the same thing is now repeating itself in the crypto market. Some call it manipulation, others an overdue development.

finaleshot2016

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Don't forget the multiple fuds that happen in 2018.

It's all the same because popular people are making fuds in order to buy the dip; the same cycle occurs both then and now. It always behaves the same because people are taking advantage of it, getting profit it, buying the dip and selling at ath. Elon just repeating the same using the Twitter platform and people should know that if we want decentralized assets, then don't follow some influential people.

https://cointelegraph.com/news/good-ol-fud-the-brightest-media-burials-of-bitcoin-in-2018

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Quote from: Renampun on May 27, 2021, 07:02:26 AM

If you have tens of millions of followers on Twitter, your influence will be huge...

We must realize that not everything that is said by those who are influential we must follow because there is certainly a purpose and purpose in saying that. just calmly invest in Bitcoin, without hearing Elon's tweet.

right, especially if we invest in large amounts, of course, besides having an influence on followers, we will also have an influence on the market. whatever is our movement will certainly affect the minds of many people, and Ellon is doing it now, let alone making the opposite statement in the near future.

LUCKMCFLY

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Until now I had seen that the BTC market behaves that way, because from 2014 to 2017 I saw that there was an accumulation stage, after 2018 to 2021, but we are not in the uptrend at all because due to the corrections we could be talking. about a sharp drop before a possible reaccumulation stage is generated, which is quite ingenious, in this market we have not had reaccumulation yet.

But since it can be said that the Accumulation stage usually lasts 3 years, it is likely that by the 4th year benefits will already be obtained, this is what also differs from the Stock Market, since in the Stock Market the important movements are usually every 8 to 10 years, this is why the BTC market is so superior to regret that it has no backing. For now I don't think that Elon Musk has the same market manipulation power anymore, I think that he doesn't have that power.

Renampun

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If you have tens of millions of followers on Twitter, your influence will be huge...

We must realize that not everything that is said by those who are influential we must follow because there is certainly a purpose and purpose in saying that. just calmly invest in Bitcoin, without hearing Elon's tweet.

Kez1817

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It seems that Elon Musk have a silver tongue that attracts many people to follow what he was said on his social media account. He can influence a lot of people but it can't stay for so long. I think people are not stupid nor blind that can't even see the result or outcome of what Elon Musk did. At first they will follow him but later on they will hate him for any reason.

Kong Hey Pakboy

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So is millions of influencers in almost every social media platforms, the only difference is that Elon has the money and influence to manipulate the market at a really noticeable pace.

Sithara007

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Quote from: BuNga_cute on May 25, 2021, 07:52:11 PM

Even though it has been proven that Elon Musk manipulated prices for his own sake

As discussed manytimes in the previous post, this argument is extremely difficult to prove. And that is why Elon is so brazen about his open manipulation tactics. Elon doesn't own any coins directly. So it can't be said that he is benefitting from the fluctuations in the exchange rate of either Bitcoin or Dogecoin. Even if we claim that his friends are benefitting from it, we need to prove that there is a solid link with Elon for these fund inflows. I know that the SEC is closely monitoring the situation, but at this point there is hardly anything that they can do.

BuNga_cute

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Quote from: Furious 7 on May 24, 2021, 12:33:40 PM

Quote from: BuNga_cute on May 23, 2021, 06:47:50 PM

Hopefully we can all move on regarding Elon Musk, I think now Elon Musk is no longer trusted by the crypto community. So his influence
in the crypto world will soon disappear and that's what I hope, because Elon Musk's presence only makes the market chaotic. I agree that
the market dump as it is today must be utilized properly, we must be able to take the opportunity by buying some coins that we really
consider potential. So when the crypto market recovers successfully, the losses we experience can be replaced by the profit we make from
the coins we buy today.

Now the community already knows what Elon Musk was doing and he really messed up the market with his terrible dump, but we want to know how he will influence his future. If he re-adopts BTC, will this be an effect? no wonder he still has a lot of his community of followers so market manipulation can be what he wants the most important thing is that we have to be able to change without dependence on Elon Musk.

If you are not in doubt, then buy now is still low and will rise again and believe that in the future or at least in June the increase can happen again.

Because Elon Musk is rich and leads some big companies, there are always people who still follow him. Even though it has been proven that
Elon Musk manipulated prices for his own sake, Elon Musk still has the influence to be able to manipulate the Bitcoin market. This is something
the crypto community is afraid of, because Elon Musk can still make the market even more chaotic. So in the end there is not much we can do
but ignore Elon Musk, and focus on more important things. By buying Bitcoin now, because even though the price of Bitcoin has gone back up
to a price of $ 38k. This price is still low when compared to when Bitcoin managed to go up to at least a price above $ 40k again. And I'm optimistic
that in a few months Bitcoin should be back at $ 50k again.

ilovealtcoins

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He is clearly a manipulator or facilitates other manipulators to act. Before he posted his first tweet about accepting Bitcoin as payment of TESLA value per Bitcoin over $60k. After the Bitcoin price drop happened, Elon Musk took steps to appease and the Bitcoin price surged again. I have saved some links of tweets in the links below, please follow along.

Talking about stopping accepting Bitcoin to pay for Tesla's electric cars
https://twitter.com/elonmusk/status/1392602041025843203

"The true battle is between fiat & crypto. On balance, I support the latter"
https://twitter.com/elonmusk/status/1396049547680391168

"Spoke with North American Bitcoin miners. They committed to publish current & planned renewable usage & to ask miners WW to do so. Potentially promising."
https://twitter.com/elonmusk/status/1396914548167233537

wxa7115

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Quote from: YanBitMoney on May 17, 2021, 03:42:26 AM

Haha, just like I said in the previous post, Elon Musk really has the ability to manipulate the bitcoin market, just follow him at least for the moment. But this wouldn't last long; they started to hate him.
At least if you go short, you also have some money. In this market, the more you panic, the more you lose money.
https://medium.com/snapbots-news/snapbots-news-review-elon-musk-suggests-teslas-sale-of-bitcoin-market-drop-again-cb7078dc8f00

This is not going to last long, Elon Musk is having fun with us and manipulating the market as he wants there is no way to deny this, but once weak hands are shaken out of the market and only people like us remains then no matter what he does he will find huge resistance to whatever he does.

If he says something negative about bitcoin the price will hardly move and if he actually sells his coins then there is going to be enough demand to buy it while at the same time he losses influence on the market as the size of his stash diminishes, all in all despite the crash and the money people lost bitcoin will once again show its strength and how it is impossible for a single person or entity to be above it and take control of it.

Charles-Tim

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Quote from: The Sceptical Chymist on May 24, 2021, 11:23:48 AM

I thought that as well as soon as I heard that nonsense about bitcoin not being "green" enough for him. Dogecoin isn't exactly green itself, yet Musk had no problem hyping that coin up--and yeah, there's no doubt he understood how bitcoin was mined before he publicly lent his support to it before withdrawing it. It does indeed look like he was trying to manipulate the market for his own gain (though looks can be deceiving, and that certainly might not be the only reason for his quick turnabout).

It is very obvious that Elon Musk is trying to manipulate the market. As we all know he is a man that knows much about Bitcoin and cryptocurrencies in general, even if he did not know about Bitcoin mining, we all know how he can easily get information about it and know Bitcoin mining mostly make use of green energy. The man is trying to manipulate and want his favorite coin, doge to be in place of Bitcoin, even if ethereum has been unable to do that, he will try harder but not achieving that.

He says Tesla will be accepting coins that make use of less than 1% of the enegy Bitcoin uses for mining, although Doge make use of PoW too, but it fit into that category, and used the privilege to form together that false news about Bitcoin. The man is certainly manipulating as he may want people to fomo and buy more Doge.

Also this is one of his tween after making such false statement about Bitcoin

DU18

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Quote from: Furious 7 on May 24, 2021, 12:33:40 PM

Quote from: BuNga_cute on May 23, 2021, 06:47:50 PM

Hopefully we can all move on regarding Elon Musk, I think now Elon Musk is no longer trusted by the crypto community. So his influence
in the crypto world will soon disappear and that's what I hope, because Elon Musk's presence only makes the market chaotic. I agree that
the market dump as it is today must be utilized properly, we must be able to take the opportunity by buying some coins that we really
consider potential. So when the crypto market recovers successfully, the losses we experience can be replaced by the profit we make from
the coins we buy today.

Now the community already knows what Elon Musk was doing and he really messed up the market with his terrible dump, but we want to know how he will influence his future. If he re-adopts BTC, will this be an effect? no wonder he still has a lot of his community of followers so market manipulation can be what he wants the most important thing is that we have to be able to change without dependence on Elon Musk.

If you are not in doubt, then buy now is still low and will rise again and believe that in the future or at least in June the increase can happen again.

that's what is scary for all of us, when someone has the ability to control the crypto market and when that happens of course he will easily manipulate the market like now, it only takes one tweet from elon musk to increase the price of cryptocurrency in the market and vice versa EM just need one tweet to destroy the market, but even so there are still many people who believe what he said so that it strengthens him, if we learn from the existing history, in the previous year John Mcafee has done the same thing that has been done such that Elon Musk this year.

Furious 7

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Quote from: BuNga_cute on May 23, 2021, 06:47:50 PM

Hopefully we can all move on regarding Elon Musk, I think now Elon Musk is no longer trusted by the crypto community. So his influence
in the crypto world will soon disappear and that's what I hope, because Elon Musk's presence only makes the market chaotic. I agree that
the market dump as it is today must be utilized properly, we must be able to take the opportunity by buying some coins that we really
consider potential. So when the crypto market recovers successfully, the losses we experience can be replaced by the profit we make from
the coins we buy today.

Now the community already knows what Elon Musk was doing and he really messed up the market with his terrible dump, but we want to know how he will influence his future. If he re-adopts BTC, will this be an effect? no wonder he still has a lot of his community of followers so market manipulation can be what he wants the most important thing is that we have to be able to change without dependence on Elon Musk.

If you are not in doubt, then buy now is still low and will rise again and believe that in the future or at least in June the increase can happen again.

sana54210

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Quote from: arwin100 on May 24, 2021, 04:55:07 AM

If there's no authorities will stop him on what he do well we cannot erase the influence of Elon musk and remember he's one of the top billionaires in the world so expect that whatever he says there are people will follow. He take advantage on his influence in crypto market so expect that we will not have a stable state since manipulators always disturb the growth of the marker for their own interest.

The deal is that SEC suppose to be the one that can stop him, but that is on stock market. For example, if Elon Musk talked about how "x stock" is good the way he talks about doge or the way he talks bad about bitcoin, if he did that for stocks, that would usually be bad and he would definitely have a problem with manipulation charges from the SEC. However since he is doing it for the crypto world there are no laws regarding that.

As the people who went to crypto because we are done with regulations and the limitations and also the lack of fairness in the stock market world, we can't expect SEC to come help us now, we were so happy about being decentralized and now we are wanting authorities to come help us get rid of Elon Musk? That is not going to be a good look. This is why I think we should fix this and get rid of Elon's influence without anyone else's help.

The Sceptical Chymist

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Quote from: dezoel on May 20, 2021, 03:45:38 PM

What is more interesting is that Elon 100% knew how bitcoin and its mining works but he intentionally made the announcement that time just to gain attraction, maybe to sell his bitcoins at the best prices

I thought that as well as soon as I heard that nonsense about bitcoin not being "green" enough for him. Dogecoin isn't exactly green itself, yet Musk had no problem hyping that coin up--and yeah, there's no doubt he understood how bitcoin was mined before he publicly lent his support to it before withdrawing it. It does indeed look like he was trying to manipulate the market for his own gain (though looks can be deceiving, and that certainly might not be the only reason for his quick turnabout).

In any case, bitcoin looks to be rebounding nicely in the past day. Hopefully the damage that Elon Musk's statements did can be quickly undone, but who knows. Bitcoin isn't even back to $40k yet.

Topic: Elon Musk really has the ability to manipulate the bitcoin market - page 4. (Read 1185 times)