I think he is in an unparalleled position to manipulate markets with his tweets. I don't think there is anyone in such a powerful position in this environment.
I think he is more influential than Zuckerberg, Bezos, Gates.
Topic: Is Elon Musk looking to buy more Bitcoin ? - page 2. (Read 516 times)
I'm sure that he will buy and accumulate more. He's actually starting to manipulate the market which most of us aren't aware about. He's using his influence and his followers are actually basing their trading and investing decisions on his Twitter post which is actually too risky because it seems like he's doing this for his own good.
Obviously, Elon has techniques that can manipulate the price of some assets being traded on an exchange. His venture into bitcoin gives him an unregulated environment to manipulate the price.
it's going to be wild ride to one billion.
I'm sure that he will buy and accumulate more. He's actually starting to manipulate the market which most of us aren't aware about. He's using his influence and his followers are actually basing their trading and investing decisions on his Twitter post which is actually too risky because it seems like he's doing this for his own good.
The ultimate market manipulator is at it again.
Maybe, many people are enjoying the move by Elon Musk. But I think to be cautious, this week the adjustment continues, it may be a double-edged sword. The whales are re-feeding their prey with many tricks. I think I should wait a while longer! Elon Musk is a lot of tricks and daring! I'm not sure if he will be buying more but he will start accepting bitcoin payments for his electric cars. So, it looks like he is more interested in blockchain technology than the coin market.
https://www.theverge.com/2021/2/8/22272103/tesla-bitcoin-investment-1-5-billion-cryptocurrency-payments
https://www.theverge.com/2021/2/8/22272103/tesla-bitcoin-investment-1-5-billion-cryptocurrency-payments
interesting article
read a lot about Elon Musk and I follow him on Twitter I see Elon Musk is not an old person in crypto he is a new person in crypto but because he has a large amount of capital what is said to be true could be real maybe he is an influential person in the crypto market .
Elon Musk is very influential in cryptocurrency as we see in the DOGE coin increasing its market price so much for a token without any use and with just a Twitter post people are invested in the token even gaining up to 1000% in the market up to .08 cents. He's a very smart person so for sure he is also interested in investing in cryptocurrency I think we could expect a lot of manipulation in the market price. The market is just so volatile with just a single news market price could easily down up to a big percentage just like what happened to DOGE and bitcoin.
Should we care about this? Should we be relaying on him to buy Bitcoin so as the price will pump up?
I personally feel that if we keep expecting him to do or tweet something so that it price will move, we will end up allowing ONE man to indirect control Bitcoin.
And this shouldn't be happening.
Well, I don't like it anyway and the situation went so risky compared to have a cheaper price below $20k, which is more affordable. I personally feel that if we keep expecting him to do or tweet something so that it price will move, we will end up allowing ONE man to indirect control Bitcoin.
And this shouldn't be happening.
However, we don't know what will be the next plan for Elon Musk. That he is pumping Bitcoin, shilling Doge and it creates a huge drama in the market and the price went so wild. But I don't think he is done already in crypto and the declining sentiment that we have now seems to be the way for Elon to accumulate more and do the hypes again.
The ultimate market manipulator is at it again.
Yeah, the market is too volatile to the news.
I don't know about Elon Musk, but MicroStrategy just raised $900+mn to buy more Bitcoin. In theory, we should expect a new bull run very soon.
Maybe there are a group of companies that are manipulating the market with Elon at the Helm.
read a lot about Elon Musk and I follow him on Twitter I see Elon Musk is not an old person in crypto he is a new person in crypto but because he has a large amount of capital what is said to be true could be real maybe he is an influential person in the crypto market .
There is a big possibility that Elon Musk will buy again more bitcoin, as we are seeing on his Twitter and social media accounts, there are a lot of tweets that has been related to cryptocurrency especially with bitcoin and doge. Maybe he is manipulating the market in order for him to buy more bitcoin and play again to the current price of it in the market. There's no assurance that he will buy so much but we are thinking that there is a possibility that he buys. Who knows? He will not do it if there's nothing behind of his plans.
It is hard to say, why the market is dumping but all we can say for sure is that there is a lot of selling pressure and for the past 12h or so the bears have won over the bulls! This is a little distressing but it is the game we play. And given that Musk has yet again said 'bearish' stuff about some crypto (won't be naming any) could suggest that there might be something developing. What's frustrating though is how quickly and reactive the market gets to this sort of news...
I am buying Tesla Call Option contracts, surprisingly Tesla stock has dropped like $100 in the last two days but the price for call options has gone up. That means that people are dumping Tesla Stock and buying tesla options as it gives them more leverage.
If I get a contract for $100, let's say bitcoin goes up to 1 billion, essentially I have leverage something like 50,000k on a $100.
I think he is going to make Tesla operate on bitcoin only. Workers get paid in bitcoin, cars are sold in bitcoin and vendors are paid in bitcoin. I think he realized the massive potential of bitcoin as being a multi planet currency.
I wonder how a multi planet decentralized currency would work.
I wonder how a multi planet decentralized currency would work.
There is a big possibility that Elon Musk will buy again more bitcoin, as we are seeing on his Twitter and social media accounts, there are a lot of tweets that has been related to cryptocurrency especially with bitcoin and doge. Maybe he is manipulating the market in order for him to buy more bitcoin and play again to the current price of it in the market. There's no assurance that he will buy so much but we are thinking that there is a possibility that he buys. Who knows? He will not do it if there's nothing behind of his plans.
It is hard to say, why the market is dumping but all we can say for sure is that there is a lot of selling pressure and for the past 12h or so the bears have won over the bulls! This is a little distressing but it is the game we play. And given that Musk has yet again said 'bearish' stuff about some crypto (won't be naming any) could suggest that there might be something developing. What's frustrating though is how quickly and reactive the market gets to this sort of news...
Should we care about this? Should we be relaying on him to buy Bitcoin so as the price will pump up?
I personally feel that if we keep expecting him to do or tweet something so that it price will move, we will end up allowing ONE man to indirect control Bitcoin.
And this shouldn't be happening.
I personally feel that if we keep expecting him to do or tweet something so that it price will move, we will end up allowing ONE man to indirect control Bitcoin.
And this shouldn't be happening.
He is the billionaire man and his words like magic for the majority of the traders and investors even many of the traders following Elon Twitter Ac and This is a big concern when influential people affects the market obviously current correction of the market is huge and hopefully whales will took benefit again but small traders should always due diligence before investment as we all know this is a highly volatile market. I also believe the current dip brings new opportunities for the big players.
It's quite funny though. He's one of the reason why Bitcoin pumped so hard this last couple of weeks yet he's also one of the reason why Bitcoin dump more or less $10,000 but it's kind of scary. The fact that he can manipulate the price of Bitcoin in just a single tweet can have a negative effect. Nonetheless, It's a good thing that he's pro on Bitcoin.
The ultimate market manipulator is at it again.
Yeah, the market is too volatile to the news.
I don't know about Elon Musk, but MicroStrategy just raised $900+mn to buy more Bitcoin. In theory, we should expect a new bull run very soon.
Currently, a suitable environment has been prepared for high purchases. In my opinion, Musk will buy large amounts of bitcoin. Nowadays, bitcoin has become very dangerous and those with money should be careful.
I'm sure Elon Musk has had bitcoins as well as other cryptocurrency for a long time!
Now he has skillfully manipulated the price... But there is hope that other companies will follow him and start buying bitcoin too...
Now he has skillfully manipulated the price... But there is hope that other companies will follow him and start buying bitcoin too...
If he is holding Bitcoin, then it may not be direct ownership. He has started again and again that he holds just BTC0.25 in his wallet, which he received as a gift many years ago. If it can be proven that he holds more BTC, then Elon can be accused of market manipulation. I believe him. His direct holding may be just 0.25 BTC. He may be having indirect holdings though.
He could easily be fined for this kind of manipulation. Saying that Bitcoin's price is too high, when having invested already 1.5 Billion USD means that he either sold or he wants to buy more cheap. It is very bad move to make anyway and people that can influence millions should have more respect to their followers and not abuse this power they have. Meanwhile Tesla stock is also down a lot after this tweet.
He seems to be very interested with cryptocurrencies lately and specifically with Bitcoin and Dogecoin. I believe that he likes the blockchain technology generally, but this isn't good for the market. The richest person in the world wants to make a profit from bitcoin, damn. We will see tons of pumps and dumps.
The ultimate market manipulator is at it again.
Jump to: