Is Elon Musk manipulating the market? - page 2.

Saisher

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Quote from: Rimueng on July 27, 2021, 05:28:21 AM

someone like Elon Musk is a sly businessman who has big capital of course what he does is only for profit without caring what will happen to other people, as well as joining him in crypto, I think he only benefits from what he has done and in the same way he has manipulated the crypto market.

There are people he helped to make huge profits and from getting rich and these are DogeCoin bag holders but a majority of people are not lucky to make profit from the Dogecoin hype and these are late investors on DogeCoin, we could have reached the $50k level if not for Elon Musk interference I still believe he has influence in the market, he is beginning to be like the late John McAfee in his influence in the market.

no-ice-please

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Quote from: [email protected] on July 22, 2021, 10:41:36 AM

Quote from: no-ice-please on July 22, 2021, 10:35:58 AM

Quote from: indo1 on July 22, 2021, 08:47:22 AM

Everyone is sad after knowing what Elon is actually doing, in the end we know, Elon Musk supports cryptocurrency only for himself, to benefit, by carrying the name tesla, after some time, he started to undermine that trust, and now I myself will not follow what elon Musk is rumored again.

The way Elon tweeted was provoking that is true, and he wanted to play around a bit. But from another standpoint it is also unfair to say that anyone who is a multi billionaire and can move a market is also a manipulator. It's like when Warren Buffet announces the purchase of a certain company has been completed and it goes up afterwards by X%. Does he manipulate the market? Should he be forbidden to talk at all in public? That's a delicate topic.

what we hope is not a ban as you mean. it will probably focus more on Elon's tweets that don't play tricks on their followers to change market trends.
you can see how easy it is for Elon to say something contradictory, it's clearly a game that was intentional by Elon.

no matter what you do, after all, Elon and other friends, have tried to enliven the crypto market in their own way. many say he is a loser in the future. but we hope he will stay well and continue to speak well for the crypto market.

When you look at his tweets precisely, he didn't really play tricks. It is a lot about the people and their tendency to interpret stuff. Imagine how many things Elon Musk should not be allowed to tweet such that people stop interpreting whatever he tweets. If he tweets a banana, everyone is looking on coinmarketcap whether there is a coin that is called banana coin. I mean seriously, that is also nuts, not by Elon Musk, but by the people. Whatever he tweets, people will freak out and come up with stories.

Rimueng

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someone like Elon Musk is a sly businessman who has big capital of course what he does is only for profit without caring what will happen to other people, as well as joining him in crypto, I think he only benefits from what he has done and in the same way he has manipulated the crypto market.

Daltonik

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Tesla today published quarterly profit figures where they indicated a loss of $20 million from investments in bitcoin, which is significantly less than the projected loss of $100 million. https://tesla-cdn.thron.com/static/ZBOUYO_TSLA_Q2_2021_Update_DJCVNJ.pdf?xseo=&response-content-disposition=inline%3Bfilename%3D%22q2_2021.pdf%22

dotcoin.info

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It looks like no. If I'm not mistaken, at the last conference dedicated to bitcoin, he said that he has bitcoin, but how did this affect the price? No way.
Because the price changes not because of Elon Musk's tweets, but from completely different things.

Maslate

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Quote from: Niobeh on July 23, 2021, 08:26:40 AM

Quote from: Abiky on May 21, 2021, 02:33:21 PM

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.

Clearly, Elon is manipulating the market considering how big his assets are and how influential he is to persons who are A: under his relevant network in the crypto market or B: people who are new to the market and are lazy to do their own research and rely on big people like him for advice, well, in fact, they are fool into playing his strategies for his own good. But on the other hand, if those people have won through him, then I see no problem in a win-win situation. It's just a matter of our own judgement when it comes to trading, investing bitcoin and other coins connected.

You are right, there are people who really benefited from the Elon Musk manipulation, just like the growth of DOGE, if they bought at a cheap price and sell at the right time, they are in big profit and they'll be so thankful to Elon Musk. Unfortunately, we have late comers who are not in the right timing, they accumulate DOGE at a high price, now they are holding and holding DOGE will bounce back and bring them some profit.

Niobeh

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Quote from: Abiky on May 21, 2021, 02:33:21 PM

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.

Clearly, Elon is manipulating the market considering how big his assets are and how influential he is to persons who are A: under his relevant network in the crypto market or B: people who are new to the market and are lazy to do their own research and rely on big people like him for advice, well, in fact, they are fool into playing his strategies for his own good. But on the other hand, if those people have won through him, then I see no problem in a win-win situation. It's just a matter of our own judgement when it comes to trading, investing bitcoin and other coins connected.

Daltonik

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I don't know how true this is, as far as we know, Musk himself has not voiced it yet, but Twitter @MasterChangz reports that Tesla is buying a plot of land in Nevada with an area of 300,000 m2 for the construction of the largest mining center on solar energy, in any case, we will soon find out if this is really the case.

Quote from: https://twitter.com/MasterChangz/status/1418243129363161091

devil2man

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unfortunately yes, Elon Musk continues with his tweets to heavily manipulate the market but we hope that this time in the right direction, he said that his industries / tesla will definitively accept bitcoin just hope that with this statement all altcoins will have a great increase in value /price

ninkdwi

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Quote from: ?? on ??

I think if indeed Elon Musk has a surefire way of controlling the market, and one of them is by way of tweets that he does. Moreover, we all know that Elon Musk is a person who has a big influence in the crypto industry

In crypto Elon doesn't have any influence that makes him able to make a pump from a single tweet it's the influence of his militant supporters who believe in Elon so much and take advantage of it. this is not an influence that comes from crypto, indeed he is an influencer who can bring his followers to be here. and coincidentally the people who believe in him are people who are new to cryoto and still don't really understand the system here so they will all believe what Elon says

erep

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Quote from: devollito on May 21, 2021, 04:42:10 PM

About energy consumption ? I doubt elon does not know about it begore he decide to invest in to something.

That fact has opened the minds of many traders that if Elon Musk efforts are just manipulating prices, there are many other facts if you want to examine them further. Elon's last statement at the B world event responded positively about btc but is he committed to continuing to support btc in the future?

conected

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Quote from: the rise on July 22, 2021, 07:35:43 AM

It was a very real manipulation, everyone finally knows how the real Elon Musk is, now Whatever Elon Musk tweeted on Twitter had no impact at all, I also recently saw him tweeting about a coin similar to dogecoin but it has no effect, I guess we all don't believe him.

- The community is turning on shields to block the effects of Elon Musk from uncertain emotions on social platforms and with such a sense of attention and vigilance plus the market seemingly unchanged by Elon Musk, it's hard for Elon Musk to be a hot name again. However, I'm pretty confident that after further rallies, Elon Musk will win another ticket as long as the market needs to react properly and the flounders will know how to make Elon Musk's presentations the most effective.

Oneandpure

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Quote from: Tumanggor on July 22, 2021, 10:51:18 AM

Elon Musk is just an ordinary guy, Elon Musk doesn't manipulate the crypto market
his loyal listeners manipulate the crypto market

I don't blame people who hate him but when Bitcoin has become a valuable asset then it can't be separated from the entanglements of the people who influence it
Elon Musk seems to have merged with the crypto market, it's just a matter of how we respond to his every word

He not manipulated the market but make many people blame and always doing what Elon Musk want, when Elon Musk first time tweet about cryptocurrency and Doge coin pump because become his favorite coin, tweet several time in one month and make many people blame and buy Doge coin, although success raise to higher price many people blind when try to buy doge coin on higher price.

Tumanggor

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1xBit.. recovered their reputation

Elon Musk is just an ordinary guy, Elon Musk doesn't manipulate the crypto market
his loyal listeners manipulate the crypto market

I don't blame people who hate him but when Bitcoin has become a valuable asset then it can't be separated from the entanglements of the people who influence it
Elon Musk seems to have merged with the crypto market, it's just a matter of how we respond to his every word

[email protected]

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Quote from: no-ice-please on July 22, 2021, 10:35:58 AM

Quote from: indo1 on July 22, 2021, 08:47:22 AM

Everyone is sad after knowing what Elon is actually doing, in the end we know, Elon Musk supports cryptocurrency only for himself, to benefit, by carrying the name tesla, after some time, he started to undermine that trust, and now I myself will not follow what elon Musk is rumored again.

The way Elon tweeted was provoking that is true, and he wanted to play around a bit. But from another standpoint it is also unfair to say that anyone who is a multi billionaire and can move a market is also a manipulator. It's like when Warren Buffet announces the purchase of a certain company has been completed and it goes up afterwards by X%. Does he manipulate the market? Should he be forbidden to talk at all in public? That's a delicate topic.

what we hope is not a ban as you mean. it will probably focus more on Elon's tweets that don't play tricks on their followers to change market trends.
you can see how easy it is for Elon to say something contradictory, it's clearly a game that was intentional by Elon.

no matter what you do, after all, Elon and other friends, have tried to enliven the crypto market in their own way. many say he is a loser in the future. but we hope he will stay well and continue to speak well for the crypto market.

no-ice-please

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Quote from: indo1 on July 22, 2021, 08:47:22 AM

Everyone is sad after knowing what Elon is actually doing, in the end we know, Elon Musk supports cryptocurrency only for himself, to benefit, by carrying the name tesla, after some time, he started to undermine that trust, and now I myself will not follow what elon Musk is rumored again.

The way Elon tweeted was provoking that is true, and he wanted to play around a bit. But from another standpoint it is also unfair to say that anyone who is a multi billionaire and can move a market is also a manipulator. It's like when Warren Buffet announces the purchase of a certain company has been completed and it goes up afterwards by X%. Does he manipulate the market? Should he be forbidden to talk at all in public? That's a delicate topic.

indo1

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Everyone is sad after knowing what Elon is actually doing, in the end we know, Elon Musk supports cryptocurrency only for himself, to benefit, by carrying the name tesla, after some time, he started to undermine that trust, and now I myself will not follow what elon Musk is rumored again.

Distinctin

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Quote from: the rise on July 22, 2021, 07:35:43 AM

It was a very real manipulation, everyone finally knows how the real Elon Musk is, now Whatever Elon Musk tweeted on Twitter had no impact at all, I also recently saw him tweeting about a coin similar to dogecoin but it has no effect, I guess we all don't believe him.

I don't think his tweet has no more impact at all, maybe there's still a little impact and I think that makes him stays confident on still shilling. Have you heard, he made a new coin of his own already? well, if he doesn't believe he can still attract people to invest, he would not make his own coin.

Now the market is struggling, we will see a lot of negative comments about Elon but when the market was still bullish and there's a warning, people just seem to ignore it.

the rise

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It was a very real manipulation, everyone finally knows how the real Elon Musk is, now Whatever Elon Musk tweeted on Twitter had no impact at all, I also recently saw him tweeting about a coin similar to dogecoin but it has no effect, I guess we all don't believe him.

carlisle1

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Quote from: Daltonik on July 22, 2021, 04:02:29 AM

Musk at the last online conference "The B Word" confirms that he personally owns BTC, ETH and Doge, he also says that both SpaceX and Tesla own BTC and they do not sell.

Quote from: https://twitter.com/CryptoGodfatha/status/1417914163888754690

Another market twist after this event? But better than nothing, if the fall continue might take a while but the recovery,
as weak holders will sell out and will stop investing.

With this market positive movements, another chance for newcomers to notice that there's
money that moving greatly and the potentials is still high.

Let them bring good news and attract more investors, at the end of the day it's your hard work by doing research will
play the big role in succeeding from this market.

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