Is Elon Musk manipulating the market? - page 4.

isaac_clarke22

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Quote from: Abiky on July 01, 2021, 10:51:27 AM

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Well I would just call it that he has too much influence to his followers instead, because from how even the media reports his words a lot. He does not have direct control of crypto especially Bitcoin because of course, the usual word decentralized.
His followers, maybe not all, are all just blindly throwing their money to crypto and he would just hype the crap out of it in hope that he will gain more followers from the community of the coin he brings the hype at.

Oneandpure

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ElonMusk is a big Hype bearer in today's cryptoqurrency market, in fact every time what he says suddenly booms in the market like the case of Dogecoin, btc & others. looks strange but it's real, if you look at his background, there can be no doubt because he is one of the richest people in the world and has many project shares, one of which is Tesla.

Look God in cryptocurrency and almost investor make Elon Musk as guider which one coin to buy, I think Elon Musk is most greatest hyper person because late few minutes from his coin tweet you can loss more than 30%. He has many team and I think before make some tweet he has ready to sell coin, after all his assets sold look price dump and never come back to higher before any new elon musk tweet.

leetcoiner

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Let's just say, when there are enough new ideas on the market in order to invest money in them, people like Elon Musk will again be able to have some influence with the help of their social networks on the market.
All the same, he is a cult character with a huge amount of money and influence, which means that one way or another he influences the audience.

ARTURVH

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I believe Elon Musk is manipulating the market .it's a terrible thing.Elon has a very strong personal influence,so his trading decisions on Bitcoin and Dogecoin have affected many people.If an investor trades based on the views of an investor's performance currency, it is likely to become a victim again. Sk's view may change, and he is no different from other traders in this respect.
In fact large institutions and big fish like Elon can unscrupulously publish various opinions that affect the market, and then cooperate with funds to cut leeks, and no one cares.

dota2bestplayer

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From announcing that it does not support Bitcoin payments to supporting Bitcoin payments, you said that he did not maliciously manipulate the market. This is absolutely impossible. 1.5 billion US dollars entered the currency market, supporting Bitcoin all the way. Then according to what he said, he bought 10% of the Dogecoin position, then shipped it, suppressed Bitcoin, bought low, completed the operation of selling high and buying low, saying that he did not manipulate the market. Impossible.

tabas

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Quote from: reza7777 on July 05, 2021, 05:43:03 PM

Of course Elon Musk does that only for his own financial gain, when he has bought a lot when a dump occurs then he will make a good tweet that makes the price go up and then he will sell it, sometimes I feel annoyed at that person for always talking nonsense

That's the cycle that he does. He'll buy and whenever he's ready to pump it, he'll tweet good things just as the usual guy that pump and dump. You'll always get to see him do that whenever he's done buying. And when he's done selling, you'll barely notice his actions.
That's how he manipulate the market, when he buys, tweets good and vice versa.

ingiltere

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Quote from: reza7777 on July 05, 2021, 05:43:03 PM

Of course Elon Musk does that only for his own financial gain, when he has bought a lot when a dump occurs then he will make a good tweet that makes the price go up and then he will sell it, sometimes I feel annoyed at that person for always talking nonsense

If he has this opportunity why wouldn't he use it? It's possible that he manipulated the market but markets overreaction is the real problem here. If market was mature enough there wouldn't be that manipulation by only one person. Bitcoin is way too powerful now, I don't think they can manipulate the market that big again. Bigger and more mature market is better for everyone.

reza7777

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Of course Elon Musk does that only for his own financial gain, when he has bought a lot when a dump occurs then he will make a good tweet that makes the price go up and then he will sell it, sometimes I feel annoyed at that person for always talking nonsense

Oneandpure

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Quote from: lousie9 on July 02, 2021, 10:11:53 AM

we do not deny that fomo from elon musk is currently very dominant and that always happens with price movements from bitcoin, but all of that is certainly not 100% following fomo only from twitter but there are many other factors that cause prices to move up and down as far as examples have shown. described some of our friends above.

In my view, fomo is most powerful when the Chinese government provides policies for crypto users.

Always dominant with his tweet and Baby Doge coin was flying to higher price, I see last three days still lower price and now back above 500% and very fantastic increase price from Elon Musk tweet coin. I think when have great chance later if Elon Musk make new tweet about coin I will try entry early but sell faster, not any holding moment from shit coin because can be dump to lower price.

lousie9

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we do not deny that fomo from elon musk is currently very dominant and that always happens with price movements from bitcoin, but all of that is certainly not 100% following fomo only from twitter but there are many other factors that cause prices to move up and down as far as examples have shown. described some of our friends above.

In my view, fomo is most powerful when the Chinese government provides policies for crypto users.

Oneandpure

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Elon musk still has magic about his tweet and happen last day about new tweet baby doge, we don't know called about doge or not because now have new coin the same name with his tweet baby doge and listed on MXC exchange. Looks crazy why many people trust with new coin coming from his tweet and directly success listed on MXC.

Sendi blackspade team

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Quote from: Abiky on July 01, 2021, 10:51:27 AM

Quote from: Dr.Osh on June 26, 2021, 01:21:23 AM

well, even though we know that person is dangerous, but he really managed to move the price of crypto, especially bitcoin and doge. actually, I was quite impressed by that, to the point that he made the price of bitcoin fall by half of its ATH. this makes me think that currently Elon Musk has a big influence on the current bitcoin price movement. even by removing bitcoins from Tesla, and selling 10% of the bitcoins he holds, the bitcoin price dump is pretty severe.

Elon Musk has too much influence over crypto's prices on the market. People seem to follow his comments on Twitter to either buy or sell crypto. They don't care about doing their own research, since they're only following the hype. As long as their pockets are filled with money in the least time possible, nothing else matters. I'm pretty sure investors will regret themselves once they find out they've spent their hard-earned money into a useless cryptocurrency like Dogecoin. It will all go down the drain once Elon Musk becomes bored of it.

Bitcoin's still struggling to get back to $50k, largely because of Elon Musk's negative comments about it. Tesla's decision to stop accepting Bitcoin as payment method, alongside Elon Musk's criticism of Bitcoin's high energy consumption, has led to the downfall in Bitcoin's price. How long will this keep up, is beyond me. Someday people will realize that it's not about Elon Musk, but rather about crypto/Blockchain tech making our world a better place by decentralizing the global economy. Once they realize that, crypto will remain resilient regardless of a single man's actions in the real world. Just my thoughts Grin

I don't understand why people still follow what Elon says.
we once saw him crack a joke with dogecoin on his social media. raised dogecoin but after that dropped it. so does what it says about bitcoin.
why do people like that still have many followers and believe what Elon says? they panic too easily and don't do research beforehand.
hopefully, he can be like McAfee soon.

Abiky

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Quote from: Dr.Osh on June 26, 2021, 01:21:23 AM

well, even though we know that person is dangerous, but he really managed to move the price of crypto, especially bitcoin and doge. actually, I was quite impressed by that, to the point that he made the price of bitcoin fall by half of its ATH. this makes me think that currently Elon Musk has a big influence on the current bitcoin price movement. even by removing bitcoins from Tesla, and selling 10% of the bitcoins he holds, the bitcoin price dump is pretty severe.

Elon Musk has too much influence over crypto's prices on the market. People seem to follow his comments on Twitter to either buy or sell crypto. They don't care about doing their own research, since they're only following the hype. As long as their pockets are filled with money in the least time possible, nothing else matters. I'm pretty sure investors will regret themselves once they find out they've spent their hard-earned money into a useless cryptocurrency like Dogecoin. It will all go down the drain once Elon Musk becomes bored of it.

Bitcoin's still struggling to get back to $50k, largely because of Elon Musk's negative comments about it. Tesla's decision to stop accepting Bitcoin as payment method, alongside Elon Musk's criticism of Bitcoin's high energy consumption, has led to the downfall in Bitcoin's price. How long will this keep up, is beyond me. Someday people will realize that it's not about Elon Musk, but rather about crypto/Blockchain tech making our world a better place by decentralizing the global economy. Once they realize that, crypto will remain resilient regardless of a single man's actions in the real world. Just my thoughts Grin

_MrTuyul404

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I thought so too, first he manipulated the price of dogecoin and now it has an effect on the price of bitcoin
a lot of people are affected by Musk's Fomo, and I really hate it

heroalam

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Yes Elon manipulates market, Who believe Elon tweet he will be distorted. I believe because of Elon enter crypto world just for making Money and people just blindly follow his tweet lol

sammy21

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he is not making any big statements yet, as he understands that the last time he received a lot of negativity because of his tweets.I think he will still make statements about cryptocurrency, but they will not be as manipulative as in the past.

build Elon learns well from the response of his followers and crypto investors based on recent tweets about crypto, maybe he will do another way to create a new trend but not anytime soon, he needs to restore people's trust from his followers who lost respect from him

ChaoChibai

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Quote from: Abiky on May 21, 2021, 01:33:21 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.

Well, I can not say that Elon Musk is manipulated market in direct way, but I think it is kind of indirectly because of Elon Musk is a huge person in the society so his tweeted is giving a big impact in the market. We can see that so many people rushing to buy Dogecoin because of his tweeted and we can see now after the reverse tweeted, the price is dropping.

Dr.Osh

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Quote from: virtualdn on June 22, 2021, 04:14:08 AM

The guy is a narcissistic clown, how do you expect him to feel anything? I've lost every bit of respect for this clown, I saw his true character and I tell you this guy is a dangerous dude, hopefully people won't forget this because his agenda is long, he still has many things to "implement" for the human race and plans to deceive many.

well, even though we know that person is dangerous, but he really managed to move the price of crypto, especially bitcoin and doge. actually, I was quite impressed by that, to the point that he made the price of bitcoin fall by half of its ATH. this makes me think that currently Elon Musk has a big influence on the current bitcoin price movement. even by removing bitcoins from Tesla, and selling 10% of the bitcoins he holds, the bitcoin price dump is pretty severe.

NewRanger

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Quote from: iTradeChips on June 22, 2021, 04:21:44 AM

Is Elon still manipulating the said coin? Many weeks have passed since he actively engaged in both Bitcoin and Dogecoin. But I have not heard anything other then the SpaceX coin ads there are frequenting Youtube ad space. If it is true that he is developing his own cryptocurrency, then it will be sure that he will abandon Dogecoin and will be concentrating on his own coin. We can see a massive drop in DOGE and those who bought during the ATH will suffer greatly.

he is not making any big statements yet, as he understands that the last time he received a lot of negativity because of his tweets.I think he will still make statements about cryptocurrency, but they will not be as manipulative as in the past.

he is shilling shiba inu now, elon musk start shilling shitcoin again in his tweet and unfortunately it doesn give serious impact to shiba coin price. elon quite for a while bitcoin price drop sharply maybe still arrange strategy to make bitcoin could recover again , as we know tesla which is his company hold bitcoin alot. soon or later elon musk will come back and tweeting about crypto again , maybe this moment he have another task in company which is need his time and energy.

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Quote from: iTradeChips on June 22, 2021, 04:21:44 AM

Is Elon still manipulating the said coin? Many weeks have passed since he actively engaged in both Bitcoin and Dogecoin. But I have not heard anything other then the SpaceX coin ads there are frequenting Youtube ad space. If it is true that he is developing his own cryptocurrency, then it will be sure that he will abandon Dogecoin and will be concentrating on his own coin. We can see a massive drop in DOGE and those who bought during the ATH will suffer greatly.

he is not making any big statements yet, as he understands that the last time he received a lot of negativity because of his tweets.I think he will still make statements about cryptocurrency, but they will not be as manipulative as in the past.

He's just got warned by the SEC, elon is the kind of guy who seems chill but actually opportunistic imo and if there's chance arise he'll definitely do that again and I doubt he spend so much time shilling just to retreat without real reason like that.
though it seems he's holding making some shill specially for btc because the market is rather bearish and his shill will have significantly less impact, he's just waiting for opportunity thats it.

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