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Topic: Elon Musk really has the ability to manipulate the bitcoin market - page 7. (Read 1185 times)

sr. member
Activity: 1036
Merit: 286
Even though Elon Musk has great influence and is a billionaire, he doesn't really have the control at the bitcoin market. Maybe he can influence the price movement whenever he does something but the whole market, it is too vast to be controlled just by a single person. Also we should stop talking about him, instead of spreading hate, we are more likely spreading his influence so it would be best that we stop bothering about what he does. Always focus on your investment and holdings so that you can get the best results.
legendary
Activity: 3066
Merit: 1049
Eloncoin.org - Mars, here we come!
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

We know this already. Grin
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? Grin
Should we change the name of the forum from bitcointalk.org to wehateelonmusk.org? Grin
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.
Maybe he now becomes of Elon fans so he tries to attract more attention Grin
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 Grin

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. 😄



hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
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

We know this already. Grin
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? Grin
Should we change the name of the forum from bitcointalk.org to wehateelonmusk.org? Grin
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.
Maybe he now becomes of Elon fans so he tries to attract more attention Grin
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 Grin
hero member
Activity: 2968
Merit: 913
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

We know this already. Grin
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? Grin
Should we change the name of the forum from bitcointalk.org to wehateelonmusk.org? Grin
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.




full member
Activity: 548
Merit: 107
What happens to Bitcoin we purely relies on Elon? Elon Musk is influencer and his tweets impact on market heavily, that's pretty clear. I guess as long people keep on posting ELon shits there will be no changes. Those people might have ended their concern over Elon tweet now, and focus on investing. There no need to panic and care much about Elon. If you really know Bitcoin you don't give importance on Elon or what he tweets.
full member
Activity: 1022
Merit: 133
with the large amount of money elon musk, it turns out that elon musk really has the ability to manipulate the bitcoin market, hundreds of billions of United States dollars are lost, after Tesla, Elon Musk announced the discontinuation of using bitcoin to buy Tesla electric cars ,,
but I believe this is only temporary ,, in the future bitcoin will definitely get better again, we just need to be patient bro, we bitcoin fighters will definitely not give up bro

Nope, the reason given by Tesla/Elon on why they will discontinue accepting crypto is very strange, they said it's for environmental issues and energy losses due to mining, which is kind of direct attack on the fundamental of Bitcoin itself. Technically, I think OP is right, Elon was probably manipulating all till now and have no vision on it for future, which is just my opinion though seeing their statements and analysing them.
sr. member
Activity: 1120
Merit: 272
First 100% Liquid Stablecoin Backed by Gold
His one word reply "Indeed" has really sent the price further downward. A great opportunity for those who don't have enough btc in their hold to get more, investors on the other hand like this my friend on WhatsApp who is loosing money is screaming for Elon musk to shut up and stop tweeting.

Chill bro, you have nothing to do with that but to wait, he is a big investor compared to us.

It is okay to rant about him playing with the market and parting ways with bitcoin but we just really need to deal with it.

Elon Musk will probably do anything for himself just to make his investment profitable for him. He can setup a hype, he can play with market, and also he can make us suffer.
legendary
Activity: 3066
Merit: 1049
Eloncoin.org - Mars, here we come!

all he needs are the money and the followers to fool around the market but where does it go after this? because in the end it just creates popularity for Bitcoin. if he messes around for long, he could just bring more people in the market that he is interested in trolling. look around how the media covers dogecoin and bitcoin.

he can hurt the market of course, he may be winning for now but in the long run, it will get better since BTC had come a long way to achieve the biggest network.
sr. member
Activity: 1414
Merit: 326
Elon Musk raises its price through bitcoin investments but does not have the power to make the bitcoin market effective because no one can control bitcoin. Tesla mainly makes electric battery and solar powered cars the demand for alternative powered cars is increasing day by day due to global warming and rising oil prices in the international market tesla's assets are also increasing with it. With the company's income by investing in bitcoin there is nothing to be disappointed about if the demand for bitcoin increases the price will go up.
member
Activity: 140
Merit: 10
Someone should stop this guy  Grin Grin I think a serious sanction should be applied. He seriously manipulates the market because. He will find other projects soon. I believe it. He must have shelved all his projects. Because he found a faster method of earning  Grin
legendary
Activity: 3220
Merit: 1344
Leading Crypto Sports Betting & Casino Platform
At least Musk is generating publicity for BTC and brought it somewhat mainstream with retail investors, which will only be for bitcoin's benefit in the very long run.

However, in the short run, I don't think there is any point in following what he says anymore. He's gone a bit rogue much like Trump's tweeting.

It's not a great look for him, or for TSLA and its shareholders, that he's constantly singing a different tune on various speculative investments. How he can go from investing $1.5b in BTC one day to rejecting it as an environmental antagonist is beyond me. The only explanation is market manipulation.

I am in two minds about this. First of all, Bitcoin has moved past that stage, where any sort of publicity was good. Now cryptocurrency sector is worth $2 trillion plus and we can afford to be more selective. That said, it will be good to end this manipulation by Elon once and for all. This time he has managed to crash Bitcoin prices by 25%-30%. But the dip is a temporary phenomenon and I hope we will be back to $50K very soon. The next time Elon's tweets won't have much impact on the market, because we all know about his intention.
hero member
Activity: 1666
Merit: 753
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 Musk is generating publicity for BTC and brought it somewhat mainstream with retail investors, which will only be for bitcoin's benefit in the very long run.

However, in the short run, I don't think there is any point in following what he says anymore. He's gone a bit rogue much like Trump's tweeting.

It's not a great look for him, or for TSLA and its shareholders, that he's constantly singing a different tune on various speculative investments. How he can go from investing $1.5b in BTC one day to rejecting it as an environmental antagonist is beyond me. The only explanation is market manipulation.
legendary
Activity: 2576
Merit: 1860
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.
hero member
Activity: 2814
Merit: 576
This isn't for long, sooner or later the market will tire of it. Also, he's only able to do it because the market is in bull run so it's sensible to the news. When Elon was tweeting about BTC in the past years, it barely flinched. This just shows how much of the price today is based on psychology and speculation rather than strong fundamentals.

Maybe after Dogecoin will crash, which is bound to happen soon, Elon will lose interest in crypto and we will all move on.
Things really change when Elon entered crypto. But still we should be thankful because  he made bitcoin hyped before and so it reaches another peak price. But when Elon tweeted on Dogecoin, bitcoin price has suddenly dropped. And so haters for Elon have started to appear.

But they say all these things are temporary. Just like how unpredictable this crypto market is. Elon will soon to stop all these messy things and all those crazy manipulations. Crypto will be back to normal again and bitcoin will soon to regain its strong fundamentals.
legendary
Activity: 3010
Merit: 2148
This isn't for long, sooner or later the market will tire of it. Also, he's only able to do it because the market is in bull run so it's sensible to the news. When Elon was tweeting about BTC in the past years, it barely flinched. This just shows how much of the price today is based on psychology and speculation rather than strong fundamentals.

Maybe after Dogecoin will crash, which is bound to happen soon, Elon will lose interest in crypto and we will all move on.
sr. member
Activity: 903
Merit: 391
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
Not only Elon Musk, but mostly influencer if talk about crypto can really make it hype. In past there are some project that hire famous people to make their project looks promising. Although not much but some of them really attract investor. Wonder how if CEO Tesla who talk about crypto, a lot of people in world will instantly follow him or maybe follow news about bitcoin and get FOMO.
legendary
Activity: 2562
Merit: 1441
Markets are influenced more by news and recent events. Than they are by natural market mechanics. Its the reason market mechanic based paradigms like technical analysis, AI trading bots and stock to flow models are no longer considered valid in some circles. News stories published about quantum computers and tweets made by Elon Musk influence markets far more than traditional indicators like market cap, volume or P/E ratios. Its been this way for a very long time.

I for one don't have issues with Elon Musk posting on social media. Many of his posts are good information to those few who comprehend what they mean.

What do people think when they see Elon Musk pro bitcoin one week and anti bitcoin the next? There are good explanations for it that indicate ways in which the world is changing.
hero member
Activity: 1428
Merit: 931
🇺🇦 Glory to Ukraine!
Musk posted his tweet "Tesla hasn't sold any Bitcoin" today, just as $BTC tested the 38.2% Fibonacci retracement level. So, the price bounced perfectly of the major support.

Could this be a manipulation or just a coincidence?
newbie
Activity: 2
Merit: 0
Elon showed a lot but only fools believed it.

The best features are that bitcoin is not legally regulated against speculation like other markets.

He made an ad that showed what group of people have a large financial contribution to the bitcoin exchange. Which means you can get even more money from them.
full member
Activity: 798
Merit: 134
Elon is just a potential investor and anytime he wanna make some profit he could come panic about a particular coin for him to make his profit and whenever he wanna buy he will also come make some silly play about the coin and people will dump then he buys at cheap price, after some months of hodl he will come make another post then people will jump-in then he sells. I don't follow his tweet anymore.
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