Topic: Is Elon Musk manipulating the market? - page 13. (Read 3041 times)

They were only following the hype. Their bran is always thinking about how to get instant profit from the market. that's why there are lots of people who keep watching the elon's tweet and they were still betting into the doge coin. Elon is actively tweeting about the doge coin development and this will always continue until people will be realized if their minds already manipulated.
This doge trend will be last long.

There is no debate about the manipulation power of Elon Musk as he is doing that for a while in multiple financial markets and what i did not understand till now is whether he is hedging money before making those public statements about the market and making a fortune behind the back or is he just having fun whenever he is free from thinking about developing something else .

Elon Musk has already been manipulated several times, you must know it. His big investment was in the Dogecoin, I'm assuming as my research. I visited Dogecoin social sites, even devs were also surprised about the price of Dogecoin. Elon must think, he knows the future and he can handle it. Between 6 months, Elon musk lovers will start to hate. I like him for his spaceX, but in this case he doesn't deserve it because so many people will lose their money.

Let's say Elon is really manipulating the market, in which case we should be grateful to him.
After all, it was he who gave a few impulses for Bitcoin with his tweets, and he also provoked the fall.
Where is he wrong? If we believe in this, then he just canceled the conditions for bitcoin created by his own hands.

It could be true, and maybe not. Everything went awry because many people were affected by the news of elon tweet and chnaa' lately. Absolutely right they made a decision based on Elon Elon and Elon. I see this situation as planned by Elon to make a major correction to BTC, either for his own benefit, or because he cares so much about the environment.

he has his own agenda and that must be true. there lots of theories about this but we didn't have strong proof. The sense rumour is about elon owned lots of doge coins and that's why he was manipulating the market to make his portfolio in doge coin goes crazy. that being said that if the doge coin can be considered as a way for him to make money from the market.

I think that you can also find lots of discussion related to that thing.

I think it is too late to change the market like it used to be, now people are too affected by the tweet made by Elon Musk, whatever he says always makes a big reaction in the market, if this continues it could be that the market can be completely manipulated by a few people, this is very bad for the growth of the crypto market.

Elon Musk has its own hidden motive and for sure, to make advantage of this market for his own benefit. And whales are also riding this market activity so that when people start to panic sell, they will buy those coins and hold them until their price d recovers. This is truly a market manipulation.

However, people start to see the true identity of Elon Musk and if he continue to make negative tweets for bitcoin, this market will be gradually affected. And i think people will never love that. So they start hating Elon Musk and unfollow him. This is jus the same with McAffe before. He will be ignored in the long run and he will make no impact on the market anymore. The crypto market will be back to normal again.

In fact, it is not completely clear why he generally posts tweets of this kind.
To be honest, I think this is some kind of long-term strategy, but its true motives are not clear to me.
In any case, he must understand that the responsibility for his words lies with him.

I agree on that Elon really manipulating the crypto market, because everytime he tweets the market moves he is using his popularity and his believed to manipulate the market and i think it is for his own to make more profit and to full his bags I think that is the main reason.

From the very beginning and starting to tweet about crypto, I thought there would be turmoil in the crypto market, and it is true what I thought, strangely people who have been in the crypto world for a long time believe what Elon said, this makes me a little annoyed, he has managed to manipulate the market only with his popularity, he is a professional businessman, there is no way he would tweet about crypto if not for personal gain.

Yes maybe he is manipulating.
He has invested lots of funds in the crypto market.
So maybe he is the real whale or on of the big whale behind THIS market manipulation

We may have fallen into Elon Musk's own game, as he manipulates the market with his tweets. Each comment (either positive or negative) has a direct effect over crypto prices these days. DOGE went from being worth nothing to nearly $1 after Elon Musk's praise. Similarly, Bitcoin went down after Elon Musk criticized its high energy consumption. How long will this keep up, will depend on how far people are willing to believe Elon Musk's comments. The current dip in price is great to accumulate coins before the whole market goes back up again. Sooner or later, Bitcoin will go to $60k while ETH will hit $5k per coin. Dogecoin might go to $1 if Elon Musk continues to "shill" it across social media platforms.

What matters is that crypto stays as decentralized and censorship-resistant as possible. The market may be following a single man, but the core Blockchain technology is not. Regardless of the price, crypto works well as censorship-resistant money for the world. The main issue here is the centralization of the market. If decentralized exchanges were in the lead, this wouldn't be a problem. The market would carry on as usual regardless of what Elon Musk says about crypto. Let's see how long it'll take before Mr. Musk becomes bored of crypto in favor of the next big thing in the mainstream world. Just my thoughts

Your last question shouldn’t even be a question. How can you be asking whether the cryptocurrency community can carry on without Musk? It hasn’t been long that this guy joined the crypto community, so with or without Elon Musk, the community is definitely going to keep moving.

Yes, I do know that while he’s here as part of the community he can be doing things that can be influencing the market in one or the other, and that’s because he’s a celebrity and he has lots of followers which we all know very well that a lot of them are into cryptocurrency, and anything he says the news are going to spread it as well. But that doesn’t mean that if he leaves the market is going to fall, nah we will still be going strong.

Yes I agree with you. Most people take decisions without making their own research
Elon musk is influential and has high power on the crypto market any decision he makes either positive or negative will have an effect to the market.
And recently he has been manipulating the market and I think this is his own tricks to buy more coin. Once he manipulates a coin to drop the other investors will panic and sell off and that's the time he buys. The rich getting richer.

Actually I am already thinking this for a long time. Time will come that a certain person (it doesn't need to be Elon Musk but on our current scenario, he is) will have a controll of the huge part of the market and will totally dictate what market status will gonna happen. If that will happen, the market we know will not gonna be the same anymore that is why I am always not in favor of capitalism.

He recently announced that he is in favor of crypto if there is a war between crypto and cash.
But this doesn't make the market as bullish as Elon Musk wrote on his Twitter, perhaps people have started to be wary of what he says.

This is really a big challenge to every investors and traders, holding if you got trapped from the peak

or cut your losses and try to buy back when there's another dip to grow your assets, it's up to your

good judegment from how you will see any opportunities in regards to this current market movement,

Musk or China all relied within your own decision making.

When the Bitcoin price reaches $35k, there will be lots of whales buying at this level. The situation is almost the same as in 2018, but for investors who have a lot of capital, brands will buy and we will see the price increase slightly as the number of requests continues to increase. Currently, the seller doesn't seem to want to lose due to Elon Musk's tweet, but as we know, the price of Bitcoin always goes up during the Bitcoin Halving.

more and more days about elon musk's tweets it turns out that it is indeed to manipulate everyone,
it remains only for us to respond properly to whether to follow him or let him like the wind pass.