Topic: Elon Musk really has the ability to manipulate the bitcoin market - page 6. (Read 1209 times)
Classic. Everyone is blaming Elon Musk already for a week, but only few noticed that "China allegedly banning further aspects of cryptocurrency commerce". That to that we observe today an enormous drop from 41k to 30k. Not to mention "May 17, #Bitcoin mining pool's 24-hour computing power suddenly plunged 20%. Mainly because of shortage of power supply and carbon neutrality policy." But it is so convenient to blame only one person and close other on other factors.
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.
He indeed moved the market into pieces with his tweets but I don't think a common man can actually benefit from this because I have a strong feeling that Elon is the real benefactor of all this because he knows when he is going to make a tweet people will go crazy and berserk on the market based on what he wants and hence he can easily place sell and buy orders accordingly.The best thing one should always do is follow market news but don't get carried away with it. I mean it's a good thing to follow Musk but don't sell your BTC cheap just because he makes a tweet in disfavor of BTC. You need to understand that he is one of the richest guys and he surely is here to make money. Don't think of him as a god and follow him blindly.
This time it was more of a timing issue and a double effect I would say, no doubt Elon Musk do play vital role now and with his tweet and few days later with China's new has just bought eh things in more falling demands and people started to liquated their positions in anticipation that it could dump a lot with those news combined. But now seeing this prices many of the companies would want to buy at these rates and could have big buying orders as well which may see price jump in coming days only.
Elon Musk is indeed influential and has the ability to cause movement of trend in bitcoin market. Musk is famous and successful businessman and investor which make people look up to him that much. Whenever he tweets something about cryptocurrency, people are always too quick to either buy and sell. Personally, I think he is a smartass. Millions of people are following him and he is using such opportunity to make the market move to his advantage.
Imagine, if he tweets about price drop prediction, majority are hurrying selling their coins. Which is a great chance for a big-time investor like him together with his colleagues because they can buy a coin at such low price because of market supply. This just a simple reminder that we shall not depend on someone regarding the price up or down. We shall use technical analysis to prevent loss and to gain profit. We shall not let the "whales" control the market flow.
Imagine, if he tweets about price drop prediction, majority are hurrying selling their coins. Which is a great chance for a big-time investor like him together with his colleagues because they can buy a coin at such low price because of market supply. This just a simple reminder that we shall not depend on someone regarding the price up or down. We shall use technical analysis to prevent loss and to gain profit. We shall not let the "whales" control the market flow.
This is still the wild wild west, after all. And Elon is so influential a figure that his statements, whether true or not, mean a lot to the market. Not to mention that he's got the money, too, to actually direct the price movement to a certain extent.
But it cannot be like this forever. Whether or not Elon would continue to blabber over Twitter, people would soon begin to see how ridiculous things are doing and whatever Elon says would have less and less effect to the market.
He's got everything he needs to manipulate the market, he's a successful businessman with several companies under his name. Since the cryptocurrency market is decentralized, thus he faces no consequences for his actions, his only goal is to profit from his actions, taking advantage of the current volatility. I think he is starting to annoy the crypto community, it has definitely irritated me.But it cannot be like this forever. Whether or not Elon would continue to blabber over Twitter, people would soon begin to see how ridiculous things are doing and whatever Elon says would have less and less effect to the market.
Bitcoin was a trillion dollar market before Elon announced Tesla won't be accepting Bitcoin payment anymore. Tesla claimed it has purchased a billion and a half worth of BTC. Although it is already a huge amount, it is far from an amount that could solely sway the market in whichever direction Elon wants to.
Whether we like it or not, what largely contributes to this dump right now is probably not Elon but the weak hands who are panic selling, those who are reacting to an ignorant tweet, those who got easily emotional by a single company's decision to pull out their support from Bitcoin.
This is still the wild wild west, after all. And Elon is so influential a figure that his statements, whether true or not, mean a lot to the market. Not to mention that he's got the money, too, to actually direct the price movement to a certain extent.
But it cannot be like this forever. Whether or not Elon would continue to blabber over Twitter, people would soon begin to see how ridiculous things are doing and whatever Elon says would have less and less effect to the market.
He's got everything he needs to manipulate the market, he's a successful businessman with several companies under his name. Since the cryptocurrency market is decentralized, thus he faces no consequences for his actions, his only goal is to profit from his actions, taking advantage of the current volatility. I think he is starting to annoy the crypto community, it has definitely irritated me.But it cannot be like this forever. Whether or not Elon would continue to blabber over Twitter, people would soon begin to see how ridiculous things are doing and whatever Elon says would have less and less effect to the market.
Lots of traders and investors especially those small time players are now annoyed with his action, he don't have anything to lose as he got lots of money to play if in case he needed to use his wealth.
His popularity brings him up and until now he's keeps on playing and making more money out from this market, let see if how long he still dominates.
As what you have said, there are now more people who got annoyed with him,.
This is still the wild wild west, after all. And Elon is so influential a figure that his statements, whether true or not, mean a lot to the market. Not to mention that he's got the money, too, to actually direct the price movement to a certain extent.
But it cannot be like this forever. Whether or not Elon would continue to blabber over Twitter, people would soon begin to see how ridiculous things are doing and whatever Elon says would have less and less effect to the market.
He's got everything he needs to manipulate the market, he's a successful businessman with several companies under his name. Since the cryptocurrency market is decentralized, thus he faces no consequences for his actions, his only goal is to profit from his actions, taking advantage of the current volatility. I think he is starting to annoy the crypto community, it has definitely irritated me. But it cannot be like this forever. Whether or not Elon would continue to blabber over Twitter, people would soon begin to see how ridiculous things are doing and whatever Elon says would have less and less effect to the market.
If this forum is always discussing and talking about Elon Musk there will be no end, what happens will pass by itself and let it all happen because we don't know what will happen next.
all we have to do now is just HODL and be patient because it's not over yet and whether it's because of Elon Musk this industry will end, and whatever we talk about won't differentiate between the words the crowd has already spoken.
indeed many people were disappointed by his decision and but many also benefited after bitcoin, Dogecoin, and other cryptos hit all-time highs.
all we have to do now is just HODL and be patient because it's not over yet and whether it's because of Elon Musk this industry will end, and whatever we talk about won't differentiate between the words the crowd has already spoken.
indeed many people were disappointed by his decision and but many also benefited after bitcoin, Dogecoin, and other cryptos hit all-time highs.
So is every other billionaires, whales and institutional investors that get in the bitcoin market, they have no consequences for pumping and dumping in the market so it is no brainer that they are going to manipulate to some level.
Elon Musk's influence on the market was confirmed as he took Bitcoin up from the $38k region to a new ATH of $65k and he took a $250 million profit there. After the tweet about Tesla stopping accepting electric car payments in Bitcoin, the value of Bitcoin has dropped rapidly and is now at $39k.
Elon Musk is really a manipulator as in just about 3 months he has caused the crypto market to rise and fall drastically.
Elon Musk is really a manipulator as in just about 3 months he has caused the crypto market to rise and fall drastically.
This is morally so wrong. Elon Musk is obviously using his twitter reach to influence the crypto markets and profit of it. It is times like this that I wish we had some kind of global agency that would investigate such issues. The international community should not just roll over and let Elon Musk whatever he wants. I definitely lost my trust in Elon and will not follow his recommendations in the future.
Elon Musk is really a manipulator as in just about 3 months he has caused the crypto market to rise and fall drastically.
Or he used the market to earn. He has return Bitcoin to where it was. He pumped the the price. This price drop in money equivalent is Elon Musks salary for pumping Bitcoin and risking his reputation.
I see a lot of people complaining that Elon Musk crashed the market. I wonder why they did not sell their Bitcoin when the price was +$64k ? They had plenty of chances to do that. I think those who complain most, thought that the price of Bitcoin would only go up. That is a total wrong thinking.
Elon Musk's influence on the market was confirmed as he took Bitcoin up from the $38k region to a new ATH of $65k and he took a $250 million profit there. After the tweet about Tesla stopping accepting electric car payments in Bitcoin, the value of Bitcoin has dropped rapidly and is now at $39k.
Elon Musk is really a manipulator as in just about 3 months he has caused the crypto market to rise and fall drastically.
Elon Musk is really a manipulator as in just about 3 months he has caused the crypto market to rise and fall drastically.
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elon likes to see himself on the news and in the social media where people talk about him. the elon threads created by newly registered user could be elon : D and wants to talk about himself.
elon created a lot of alt account for himself here in bitcointalk to talk about himself and how he can manipulate the crypto markets. nice job elon. 😄
Hahaha, that could be like that. We are like to see ourselves on the news and become popular, which can happen too with Elon. Elon can do anything he wants because he has money that can hire many people to do something for him. But I doubt that he can do that many things just to make him more popular because the public will see who Elon is for sure.elon created a lot of alt account for himself here in bitcointalk to talk about himself and how he can manipulate the crypto markets. nice job elon. 😄
we don't know what secrets they are running. With the news that seems to suddenly make a statement, I think this is the job of smart people. We can see the effect of Ellon's statement, with the current flush of the market, although no one knows what actually happened. but rest assured the market will return to peak again after the effects wear off
Yes, we do not know. That is why we need to calm down first if we see some news from Elon because he is not always telling the truth and maybe he want to make a noise in the crypto market. The crypto market will be back on the right track in the future, and Elon can not make the market shake as before. You don't have a chance to stand against a whale, influencer or whtaever it is. Just like you said they have an influence towards bitcoin so even some whales might get influenced by elon musk. I don't care about what elon musk wanted to do as long as I won't get affected by whatever might happen in cryptocurrency when he said something that might cause a panic for other people.
The only chance we have is to do exactly the opposite of what he says.
Think about it. If we were in his position and trading, we would probably do the same thing he does.
Indeed, Elon Musk has the ability to manipulate the market, as he is one of the richest men in the world and by simply doing a tweet, a lot of people will believe him especially when he wants to hype a certain coin, just like what happened on Dogecoin, when he tweeted about this coin, it really increases its value and a lot of people have earned a huge amount of money from it. There is some part of me that want to thank Elon Musk for manipulating the market as I have earned good income from investing Dogecoin.
The problem with his talent is that people are mistaking "decentralized" of bitcoin with the "price not being affected by one person" and that is not the point but it hurts us so much. People are mocking the "decentralized" part of bitcoin nowadays because of Elon Musk because he can simply just move bitcoin price to anything he wants, if he goes out there and says "bitcoin is awesome, I love it" the price will go up, if he tweets "I hate it" it will go down, it is really something horrible.However even though he has the power to manipulate the price of bitcoin, which is all because other people giving him that power and he doesn't have that power himself, it is just given to him, that still has nothing to do with decentralization, bitcoin still has a very intact code that nobody can change unless almost everyone in the world would agree to change it.
You don't have a chance to stand against a whale, influencer or whtaever it is. Just like you said they have an influence towards bitcoin so even some whales might get influenced by elon musk. I don't care about what elon musk wanted to do as long as I won't get affected by whatever might happen in cryptocurrency when he said something that might cause a panic for other people.
Indeed, Elon Musk has the ability to manipulate the market, as he is one of the richest men in the world and by simply doing a tweet, a lot of people will believe him especially when he wants to hype a certain coin, just like what happened on Dogecoin, when he tweeted about this coin, it really increases its value and a lot of people have earned a huge amount of money from it. There is some part of me that want to thank Elon Musk for manipulating the market as I have earned good income from investing Dogecoin.
Well, quite a few people believe and quite a group of people like to turn these status lines into actual actions, dumping on such news, taking a part of the market profits and accumulate bitcoin according to a predetermined plan, that's an easy way to explain how Elon Musk can manipulate the market. Many people are truly grateful for Elon Musk's uplifting emotions when he is burning too much for booms and changing markets, every time the rules are broken, new investment avenues will appear, the market will lose its boredom and gain new spice.
He's actually one of the whales and he's too influential that most of his followers believe in everything that he says which has a huge impact on the market. He has the guts and assets to play with the market whenever he wants and we can't control it. He always gains attention in his tweets but instead of being too affected by his manipulations, I think it would be better to go with the flow and take advantage of the things that he does with cryptocurrency.
Definitely he has.He just send a tweet that his company will no longer accept bitcoin as a means of payment and here we are now market has been bearish for days.This has really frightened me how one person can have so much influence like that in the crytocurrency market which is not a safe at all.But it is still a good time to buy the dip before the bull run comes in again because this will soon be over hopefully.
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
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
We know this already.
Just stop making posts about Elon Musk.There are hundreds of posts about him on the forum in the last few days.Gosh,can't you just stop giving him attention,people?
Should we change the name of the forum from bitcointalk.org to wehateelonmusk.org?
Just HODL and everything will be alright.People,who panic will lose money,but that's their mistake.
I don't think that all the hate towards Elon Musk will stop him from manipulating the crypto prices.
But we can not deny that Elon already make a surprise to the crypto market and we do not know what other surprise that Elon will give to us, especially after he says that Tesla will not accept bitcoin. It is interesting to wait for what Elon will do related to the current situation in the market. But all in all, the crypto market will be back to the high price no matter what Elon says
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