Topic: Is Elon Musk manipulating the market? - page 11. (Read 3061 times)
He is good at manipulating people market and situation and he is a profit-hungry entrepreneur unfortunately people are following his leads and that leads many of us from losing a lot of money and making huge money from Doge Coin, and since he made a lot of people from making money it will take some time for them to unfollow Musk, they are waiting for the next coin that he will pump.
He knows what he us doing and I really think he is manipulating the market because there is no way i see making a loss because he is a very strategic man… he really helped with his hype on bitcoin which gave more light to crypto currency and prices when to the moon when her started accepting bitcoin for tesla products but now he has turned back on his word and he is against bitcoin which has now seen the market decline
I think we can compare Elon musk to McAfee in 2017! People listen to those they regard as successful in the world. Elon is a billionaire and his endorsement of Cryptocurrency goes a long way in people's mind. As long as Elon continue his tweets, there will be reaction to it. Those reaction may be positive or negative!
Positive or negative, he will be a smart guy who makes tons of money from his tweets. There are left countless people who will complain and lament about him. Everything has two sides, Elon is the shepherd, the other is the woodcutter. That's the irony and it creates value for Elon! Paradoxes always exist. Elon will be boycotted if he sells all his Doge! I'm pretty sure on that. Lol 
Basically, Elon musk was damaging cryptocurrency and also have damaged little reputation of BTC. He was saying Tesla will not accept Bitcoin anymore and he also wanted to accept dogecoin (meme coin) as payment sources in Tesla. So I think there are many shitcoins because of his tweets. He promoted some shitcoins, so many now many shitcoins are creating nowadays.
I think Buterin said everything correctly in his interview, and I agree that as time goes on, Musks tweets will have less and less impact on the crypro market. Something like that can't last forever, Musk is lucky that crypto markets are an unregulated market, otherwise he would be in jail
in my opinion, elon is a single investor, many speculate that elon is deliberately manipulating the market for personal gain, but there are also those who argue that elon is indeed interested in crypto, especially Dogecoin, but no one knows the truth, only elon himself knows, hopefully elon can bring positive things in the world of crypto
He already brought positive things to those who benefit, especially for DOGECOIN investors and the entire market as his tweets were very effective at the beginning, after he tweeted about Tesla suspending bitcoin, which started a huge sell-off and we are still affected until now with that bearish movement.
Its not a positive, i think its more toxic than positive, people didnt aware enough about what Elon suggest and turn them into a big bomb that can explode whenever Elon want to.
For example many people didnt know what Dogecoin is and decide to buy their first cryptocoin without enough information about it.
Elon Musk verry capable to doing it and i believe they had a lot of circle friend who doing this together with him. Since he joined into crypto he always do whatever he want and just keep trolling us over and over again.
If this is the case, crypto is not as decentralized as it claims it to be. The thing is moments of ups and downs are common to crypto pricing specially bitcoin. And because the use case as of now of bitcoin is store value and speculative. Unlike the other blockchain projects where tons of use cases are being introduced and make leverage at. So is Elon Musk has the influence? Nah it is more likely on corrections and entering the bear market.
in my opinion, elon is a single investor, many speculate that elon is deliberately manipulating the market for personal gain, but there are also those who argue that elon is indeed interested in crypto, especially Dogecoin, but no one knows the truth, only elon himself knows, hopefully elon can bring positive things in the world of crypto
If Elon Musk really loved Doge Coin and Bitcoin, he would have accepted it as payment a long time ago.I think Elon Musk is just trying to manipulate the market from his tweets, but at the moment that doesn't work.
legendary
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Leading Crypto Sports Betting & Casino Platform
in my opinion, elon is a single investor, many speculate that elon is deliberately manipulating the market for personal gain, but there are also those who argue that elon is indeed interested in crypto, especially Dogecoin, but no one knows the truth, only elon himself knows, hopefully elon can bring positive things in the world of crypto
He already brought positive things to those who benefit, especially for DOGECOIN investors and the entire market as his tweets were very effective at the beginning, after he tweeted about Tesla suspending bitcoin, which started a huge sell-off and we are still affected until now with that bearish movement.
His tweets started the movement of weak hands in the market. Influenced by his tweets, short traders or newcomers sold their holdings. As a result, whales are the most profitable, and weak hands are out of the market. Following his tweets, short traders and new investors have already been deceived several times. I don't think anyone else will be affected by Elon Musk's trap now Because everyone understands his cunning.
in my opinion, elon is a single investor, many speculate that elon is deliberately manipulating the market for personal gain, but there are also those who argue that elon is indeed interested in crypto, especially Dogecoin, but no one knows the truth, only elon himself knows, hopefully elon can bring positive things in the world of crypto
He already brought positive things to those who benefit, especially for DOGECOIN investors and the entire market as his tweets were very effective at the beginning, after he tweeted about Tesla suspending bitcoin, which started a huge sell-off and we are still affected until now with that bearish movement.
Its not a positive, i think its more toxic than positive, people didnt aware enough about what Elon suggest and turn them into a big bomb that can explode whenever Elon want to.
For example many people didnt know what Dogecoin is and decide to buy their first cryptocoin without enough information about it.
in my opinion, elon is a single investor, many speculate that elon is deliberately manipulating the market for personal gain, but there are also those who argue that elon is indeed interested in crypto, especially Dogecoin, but no one knows the truth, only elon himself knows, hopefully elon can bring positive things in the world of crypto
He already brought positive things to those who benefit, especially for DOGECOIN investors and the entire market as his tweets were very effective at the beginning, after he tweeted about Tesla suspending bitcoin, which started a huge sell-off and we are still affected until now with that bearish movement.
I don't think so. at first glance it seems true that he was manipulating market prices. Actually that is just the effect of Elon Musk's Policy. Unfortunately, people too go with the flow that Elon musk creates
Do you think he does this on purpose? After all, he has a whole marketing team, why does he need so many tweets about cryptocurrency?
It is likely that the first tweets about dogs were nothing more than regular tweets, but looking at how they affect the crypto market, Elon might have decided to experiment.
Well, IMHO, the guy knows what will be the possible in and out on it and strongly believes that he can endure whatever what it takes on him whether the most negative outcome shall go for him. He got more experience than us in different industries and he's more than that.
I don't admire him but I'm just stating the fact that the guy has experience and putting him in that bad situation even if it's just his feeling, that's really hard to happen unless there's something personal which is like his worst nightmare.
I know we don't like this to happen but if we just keep silent, this person will continue doing and I think he needs to stop.
If those people who follows him keep on relying on his words and blindingly investing with the shilling that he does, they really will be ending up broke if they keep on riding it.
The market has always been like this and they will really have to pay for the experience so that's it, charge to experience.
Since long time ago, investors and traders have always been very influential on positive and negative information about the world of cryptocurrency, and current conditions are exactly the same as in the past, when the richest people in the world made positive information about crypto, the price went up to the moon, and when Elon Musk made negative news via his twitter the crypto market immediately went down, people always panicked without thinking
I don't think so. at first glance it seems true that he was manipulating market prices. Actually that is just the effect of Elon Musk's Policy. Unfortunately, people too go with the flow that Elon musk creates
Every time Elon Musk talks positively about Dogecoin on Twitter, price per coin goes all the way to the moon. The contrary happens if he talks negatively about it. Most recently, Elon Musk criticized Bitcoin's high energy consumption stating that it's harmful to the environment. This caused Bitcoin's price to plunge all the way to $42k in an instant. It's up to this point, where Bitcoin hasn't recovered back to the $57k - $58k range.
It looks like people make decisions based on someone else's opinion instead of doing their own research about it. Most people follow Elon Musk closely, so anything he says (good or bad) can directly affect the whole crypto market in general. I believe Elon Musk's true intentions is to manipulate the market for his own financial benefit. Who knows if he bought more Bitcoin after prices went down because of his tweet?
What are your thoughts? Do you think Elon Musk is manipulating the crypto market? If not, why? Will crypto carry on as usual without Mr. Musk in play? Or is it too late? Your input will be greatly appreciated. Thank you.
It looks like people make decisions based on someone else's opinion instead of doing their own research about it. Most people follow Elon Musk closely, so anything he says (good or bad) can directly affect the whole crypto market in general. I believe Elon Musk's true intentions is to manipulate the market for his own financial benefit. Who knows if he bought more Bitcoin after prices went down because of his tweet?
What are your thoughts? Do you think Elon Musk is manipulating the crypto market? If not, why? Will crypto carry on as usual without Mr. Musk in play? Or is it too late? Your input will be greatly appreciated. Thank you.
As far as I know, Elon Musk was one of the popular influencer in twitter, no doubt about that. If every time Elon talked about positively about dogecoin on twitter and the price of each Dogecoin goes all the way to the moon, why not He try to post it now about positive thing in Dogecoin. Do you think when Elon musk do this right now, the price of Dogecoin will increase in the market while bitcoin was in stage of dump level in terms of price value so far? But I agreed that Elon Musk is only manipulating the market nothing else.
I think we can compare Elon musk to McAfee in 2017! People listen to those they regard as successful in the world. Elon is a billionaire and his endorsement of Cryptocurrency goes a long way in people's mind. As long as Elon continue his tweets, there will be reaction to it. Those reaction may be positive or negative!
It all depends on what Elon is tweeting about on his social media. and what Elon looks like is not a consistent person and tends to want to flirt with his followers.I am sure, at this point those who follow Elon already know how to respond wisely to Elon's tweets. because sometimes Elon does it just for his own sake or just for fun.
legendary
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Leading Crypto Sports Betting & Casino Platform
The answer to this question is a simple yes, I think Elon is manipulating the market for his own financial gains, and the thing is that, there are alot of misery people in crypto today who don't even know what they are investing in cus they are too lazy to do any kind of research, rather all they care for is quick wealth, overnight riches and the only way they think they can achieve this is to allow the words or thought of the rich influence their own sentiment or thought.
But am not suprised cus ever since I started trading in the financial market, news and opinions from influencial people has always affected the market in both positive and negative ways, the only difference here is that Elon has seized this opportunity to enrich himself and he's friends more.
But am not suprised cus ever since I started trading in the financial market, news and opinions from influencial people has always affected the market in both positive and negative ways, the only difference here is that Elon has seized this opportunity to enrich himself and he's friends more.
I think we can compare Elon musk to McAfee in 2017! People listen to those they regard as successful in the world. Elon is a billionaire and his endorsement of Cryptocurrency goes a long way in people's mind. As long as Elon continue his tweets, there will be reaction to it. Those reaction may be positive or negative!
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