Is Elon Musk manipulating the market? - page 6.

CaVO32

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Quote from: imamusma on June 15, 2021, 03:51:07 PM

Quote from: nurulhmani1280wat on June 15, 2021, 12:20:25 AM

I think Elon Musk will have a bit of leverage with his Twitter maybe to lower the Btc price but if we get carried away by such news then we will lose and lose a lot of money you invested.

Then what is the solution so that everyone is not affected by the tweets on Elon Musk's twitter account?
because most of Elon Musk's followers today still really believe in the words of Elon Musk.

I think the best way to approach this matter, is if you can't beat them, join them type thing. We can't stop Elon from tweeting what he wants, so why not take advantage of the market whenever he tweets something about crypto? Though he can't manipulate the market because no one can, but he has somewhat big influence in the market and influence how people think about it. And if you are a long time crypto user, I guess by now, how to react on this kind of hype.

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Quote from: john1010 on June 14, 2021, 10:08:27 PM

Yes he does, he want to try to manipulate it, many people ride on his hype about doge and bitcoin, but as many of us can see that he's intention is to control the market, well we're all change our course about him, he is like John MCafee now, who are nothing in the crypto's space.

Is that true that Elon Musk has the capability to control and manipulate the whole crypto market? I doubt it. I think there are other whales behind it and not just Elon. Good to ride on what's happining in the market. Buy more now and hold because market start recovering again after a few dump. It's not a bearish market yet, so hurry up and fill your bags.

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

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.

Yes, Elon Musk is messing around with the crypto market, he first started with just tweeting dogecoin meme which he used to pump up the price of dogecoin, same thing with bitcoin when he announced that his company (tesla) has started accepting bitcoin it helped bitcoin pumped to over $50,000+, then after that he made a fud tweet about bitcoin mining affecting the environment, that tweet plus China fud made bitcoin plunge down to $30,000 and its really annoying, the crypto market should never depend on what one person thinks about it, he's really manipulating the price abd sine people are getting rekt for it.

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Quote from: nurulhmani1280wat on June 15, 2021, 12:20:25 AM

I think Elon Musk will have a bit of leverage with his Twitter maybe to lower the Btc price but if we get carried away by such news then we will lose and lose a lot of money you invested.

Then what is the solution so that everyone is not affected by the tweets on Elon Musk's twitter account?
because most of Elon Musk's followers today still really believe in the words of Elon Musk.

Abiky

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Quote from: harapan on June 11, 2021, 07:17:09 PM

Obviously Elon Musk was manipulating the crypto market with his tweets, just wondering why a grown up person will make a decision to buy or sell a coin based on one person's opinion, it's really stupid honestly, his followers literally take every tweet from him as a financial advice which isn't the way it should be, Elon Musk needs to stop manipulating the market with those tweets, it's getting some people rekt.

Exactly. People are foolish enough to follow one person for all of their crypto-related investments. Elon Musk may be a multi-millionaire but that doesn't make him smart. He doesn't seem to know much about crypto/Blockchain tech these days. Investing in Dogecoin without doing a research about its technical aspects is more than enough proof that Elon Musk is a newcomer in crypto land. He's only been manipulating the market with his comments across Twitter for his own financial benefit. Newcomers into crypto will become "rekt" once their investments go all the way down the drain.

Dogecoin may have benefitted from Elon Musk's comments, but the effects won't last for long. Anything above 1 cent (USD) per DOGE is considered overpriced these days. Imagine if Dogecoin hits $1 with Elon Musk's constant shilling. It'd be insane! I'd suggest anyone to stop following Elon Musk and just follow a cryptocurrency project's development progress. Concrete results is what matters above all else. Just my thoughts Grin

haidil

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Quote from: triat on June 12, 2021, 01:20:09 PM

I'm not surprised at this. All the same, everyone who did not come out with BTC will be long-term with a good profit. If you are exiting now fixing losses, then you have no place in this market.

so here many people emphasize that btc is specifically for strong hands. At first I didn't understand what the word meant but after seeing 2017 and now many have lost in btc as a result of this temporary decline I understand why btc is only for strong hands.
because basically everyone has a sense of panic especially with regard to their assets. just try if they change their mindset to be more relaxed and don't think too much about a temporary decline because of this billionaire fud I think many people will not worry too much about btc going down now because they are sure that btc will go up again over time

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

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?

Not only he is manipulating the markets but lately he is also blackmailing as well. Dude is saying he wants clean energy from miners or basically he will sell more. He said he would be not accepting bitcoin for tesla basically but that was like saying he could sell as well, if you are not buying anymore then what does that mean? It just means that he will keep selling more and more and more over course of a time period while not buying any.

Long story short I feel like dude is just saying "let me rule crypto world the way I want to, or I will keep saying bad shit about it and make it go down" and that is just a horrible thing we are in right now. Weren't we suppose to be decentralized? I mean how can some rich dude manage to do something like this and we can still call ourselves decentralized? I am very worried about the future of crypto if this keeps happening.

bigdude

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We do not sure but I guess he's playing the game and feeling fun with investors money bleedy Sad

so sad about that.
With his reputation so easy to make money via this market as all of us can see. The market too weak just some tweet from KOLs
This will be difficult to mass adopt in the real-life

nurulhmani1280wat

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I think Elon Musk will have a bit of leverage with his Twitter maybe to lower the Btc price but if we get carried away by such news then we will lose and lose a lot of money you invested.

john1010

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Yes he does, he want to try to manipulate it, many people ride on his hype about doge and bitcoin, but as many of us can see that he's intention is to control the market, well we're all change our course about him, he is like John MCafee now, who are nothing in the crypto's space.

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Quote from: pedrillo0 on June 14, 2021, 05:52:25 PM

Apparently he sold 10% of his bitcoin, he only made a fool of himself believing that he was going to overturn the BTC market... Grin

From an investor's perspective, quite effective though as it really shakes the market. BTC was almost on the verge of returning back to less than $30,000.

Rather than think of only Elon Musk, people should take the advantage of accumulating on the dip he created. He's maybe manipulating the market but the dip is the opportunity for us too as we should admit, most average traders are having difficulty accumulating some altcoins that were being pushed up when BTC price is making a rally.

Cherylstar86

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No, he doesn't manipulate the market through his tweets but all those ideas made several people rant on their assets. It gave them different perspective about the future of their holdings.
Elon was only speculating, and I believed that he also holds bigger quantity of cryptocurrency. So in this situation, he was really an iconic personality who've been taking serious outlook towards bitcoin and other cryptocurrency coins particular with doge which he also known to be positively driven.

pedrillo0

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With the news that Elon Musk will always accept bitcoin.

Manipulate the market? More and more I agree with this.

Apparently he sold 10% of his bitcoin, he only made a fool of himself believing that he was going to overturn the BTC market... Grin

leatutz

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Quote from: ?? on ??

I don't think so, with a very large market cap like now of course to manipulate the market, I'm sure there are thousands who are like Elon Musk.

If there are thousands who are like Elon Musk, why is he the only one who has become famous in the crypto space? do others just hide while playing their part in the market so that no one sees them?

So many users want to be like Elon Musk because we want to manipulate the market if we have the opportunity to do it. That's true. The last time I remember when he tweeted about the meeting of Dogecoin devs. Dogecoin prices were moved 20 percent. Who wants to miss those opportunities?

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Quote from: apityeh71 on June 14, 2021, 01:21:27 AM

I think Elon Musk did it, just a few hours ago I received news update from CNBC if Elon Musk and his company of Tesla will accept BTC again, because of reason, he found some Bitcoin mining activity is already use renewable energy that more green. I think he knows about it, before make statement about Bitcoin mining is not green and high electricity cost.

Yes, now in general he (Elon Musk) is a very smart and authoritative person in the real world, so obviously knows about it even though he says otherwise to the public, because it is also a strategy for him in developing his own business into the world the direction he wants, so don't be too influenced by his words on social media.

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Quote from: Tigerheart3026 on June 14, 2021, 10:58:37 AM

i see yes elon musk manipulating the crypto market, otherwise for his tweets, why the market up and down?
while he tweeted about btc will accept for buy tesla btc price up, and after few days when he suspended btc payment (due to high cost of electricity) then btc was down, also he manipulated doge coin.

He made his tweets and his followers move according to how he pointed the directions, his influenced really creates market movements as there are people who believes on him. He alone might having a hard time manipulating the market but due to his popularity he can made an statement and people blindly follows him.

Quote from: johnwest on June 14, 2021, 12:54:28 PM

He is doing it again and the market is going bonkers. He is doing what any rich person will do to make more fortune for himself and people are falling for his tweets like he will create something great for them. At the end of the day, he will buy himself with all the profit he gained by manipulating us. The BTC price now claimed the $40k mark and fell below again. These manipulations have to stop, otherwise, the credibility of bitcoin will be ruined because of these people.

he's making more money each time he make his move, not just by chance but there's actions that simply giving the hint that he's doing his stuff again creating buzz and he's followers are buying it again.

johnwest

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He is doing it again and the market is going bonkers. He is doing what any rich person will do to make more fortune for himself and people are falling for his tweets like he will create something great for them. At the end of the day, he will buy himself with all the profit he gained by manipulating us. The BTC price now claimed the $40k mark and fell below again. These manipulations have to stop, otherwise, the credibility of bitcoin will be ruined because of these people.

Tigerheart3026

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i see yes elon musk manipulating the crypto market, otherwise for his tweets, why the market up and down?
while he tweeted about btc will accept for buy tesla btc price up, and after few days when he suspended btc payment (due to high cost of electricity) then btc was down, also he manipulated doge coin.

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It takes a whole lot for a single man to be able to determine the ups and downs of a particular coin in the crypto market and not just an ordinary coin Bitcoin for that matter. Looking at it from my angle I will say it was because if personal height the individual has gotten to. Taking Elon Musk as an example you will know that this man has achieved a lot. He has built a multi-billion dollars business, and it's natural for people to always listt to whatever he said. With over a million followers on twitter allow. He sure knows how to manipulate the market.

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I think Elon Musk did it, just a few hours ago I received news update from CNBC if Elon Musk and his company of Tesla will accept BTC again, because of reason, he found some Bitcoin mining activity is already use renewable energy that more green. I think he knows about it, before make statement about Bitcoin mining is not green and high electricity cost.

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