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Topic: Musk Tweet, Crypto Manipulation (Read 295 times)

sr. member
Activity: 1344
Merit: 270
January 12, 2020, 12:41:44 PM
#43
I see he is very active in tweeting about cryptocurrency issues, it seems that he is a fan of this market and I believe he also owns a large amount of Bitcoin. I wouldn't think this was FUD because he was so funny, I saw him a few months ago changed his name to DOGE founder, but he immediately deleted it later. Btw with a celebrity like Elon Musk, it's great that he is often interested in this market. Certainly the market will thrive in the future
He only tries how to make you panic for buying DOGE and you know how much DOGE coin supply and how to make price raise up although 1% is very difficult with coin have unlimited supply allocation, when you heard some one recommendation about bitcoin and altcoin price without have background with cryptocurrency world I never hear and care what he tweets and announcement in their social media account.
legendary
Activity: 3234
Merit: 1654
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January 12, 2020, 12:35:08 PM
#42
I see he is very active in tweeting about cryptocurrency issues, it seems that he is a fan of this market and I believe he also owns a large amount of Bitcoin. I wouldn't think this was FUD because he was so funny, I saw him a few months ago changed his name to DOGE founder, but he immediately deleted it later. Btw with a celebrity like Elon Musk, it's great that he is often interested in this market. Certainly the market will thrive in the future

He was joking around about being the founder of DOGE. 
sr. member
Activity: 840
Merit: 253
January 12, 2020, 08:54:26 AM
#41
Dogecoin is not a very serious project. It's not a project that's progressing. That's what I know. Dogecoin is a joke project. It's important to have an old project. I don't think you're gonna stand up too long. Dogecoin will be removed from the market sooner or later.
hero member
Activity: 812
Merit: 512
January 12, 2020, 08:19:47 AM
#40
I see he is very active in tweeting about cryptocurrency issues, it seems that he is a fan of this market and I believe he also owns a large amount of Bitcoin. I wouldn't think this was FUD because he was so funny, I saw him a few months ago changed his name to DOGE founder, but he immediately deleted it later. Btw with a celebrity like Elon Musk, it's great that he is often interested in this market. Certainly the market will thrive in the future
sr. member
Activity: 2296
Merit: 315
SOL.BIOKRIPT.COM
January 12, 2020, 08:15:26 AM
#39
You can allow what their prediction and tweet about bitcoin and which one coin have to buy, but you did it at the early elon musk make his tweets and you can get profit, but if you late about one hour or three hour later after his tweets better not get chance for investing and trading with his tweet coin, but you need time with looking most respond person on social media account.
legendary
Activity: 1862
Merit: 1046
January 12, 2020, 08:03:38 AM
#38
@elonmusk tweeted about bitcoin today
Quote
Bitcoin is *not* my safe word
He also mentioned about DOGE & ETH, I believe he is very into crypto and trying to manipulate the pricing  Grin
I tried to buy doge when he mentioned about doge, because last time when he mentioned about doge, it had increased by around 30%. but yesterday when I already bought, then elonmusk deleted the tweeted about doge, and of course I immediately sell it. I did not get a loss after buying at 28 and resold at 28. really the real manipulation lol
The guy's influential, let's give him that. I think those kind of tweets from elon musk can pump or dump a coin more than john mcaffee. With the things he's done and he's been doing, he can convert a lot of crypto doubters into optimists. Having said that, of course he can make a difference in the market movement for crypto. Though with the most recent tweet, who knows if he's just trolling.
I know he is quite influential, every tweet always causes an increase reaction, but I also know he does it maybe for his own sake or someone is paying, as happened with McAfees, he charges a rate for each tweet. but of course I like that and always use the moment to make a profit.
sr. member
Activity: 1150
Merit: 260
☆Gaget-Pack☆
January 12, 2020, 07:04:47 AM
#37
I don't know if he is attempting to sway the price intentionally but if someone of his likeness, image and stature were to speak, the masses would certainly hear it. So his influence could be considered a viable variable lightly impacting the markets volatility, just by speaking a few words in light of the cryptocurrency. If anything it just means Musk is pretty much aware and an avid follower within the cyrptocurrency scene as I'm guessing many more of tech guys of similar fame and notoriety are.
sr. member
Activity: 1554
Merit: 334
January 12, 2020, 05:08:49 AM
#36
He can't manipulate the price with having less than one bitcoin. Also, I do think this tweet is just over-hyped. Still, Musk doesn't show that much interest on cryptocurrency, at least he is not vocal about it. It didn't also affect the price that much either, and it seems like this is only a joke, as of now. He might give some hints, but it's still not as far as supporting cryptocurrency, though there's still some possibility.
hero member
Activity: 1400
Merit: 674
January 12, 2020, 04:27:22 AM
#35
He is not a president or a person who can influence prices with just one blank sentence. even before this he openly tweeted about doge. A businessman often reveals things in reverse at first, but I didn't think he would be that serious. On the other hand, it can also be the code for subsequent tweets on the same topic, or even none at all.
sr. member
Activity: 1890
Merit: 261
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January 12, 2020, 04:25:45 AM
#34
whatever is said or written on Twitter by mentioning the name of bitcoin on social media famous people is tantamount to promoting bitcoin to all of its followers, whether what is said is bad or good, it will introduce bitcoin in public and make their followers ask questions about bitcoin, so it helps bitcoin to be known by millions of other people, this is only part of my narrow thinking, we know elon musk has a lot of followers, no matter talking about prices will definitely follow afterwards
sr. member
Activity: 966
Merit: 274
January 12, 2020, 04:01:19 AM
#33
Trying to manipulate the crypto market with a tweet created. Elonmusk will certainly be a role model for his followers, this will be a massive manipulation. Elonmusk will become an elite whales who are able to control the crypto market very easily.

This will just happen if and only if, Elon Musk will really accumulate huge market volume of a certain cryptocurrency or to have his own currency in particular, because controlling with just tweets might be effective, it will just be in a short term. Unlike having cryptocurrency volumes in your have, whereas, you could really control the market to either dump or pump the market price of a particular cryptocurrency that you like.

I know some people would call this that crypto isn't decentralized anymore because of manipulation, but actually it depends upon us whether to believe these hypes or not.
sr. member
Activity: 1344
Merit: 250
January 12, 2020, 03:00:16 AM
#32
he tried to take advantage by making tweets that I think is enough to make followers believe and he made a nudge and nonsense when one has a lot of followers they feel that everything will be in trust and can affect many things in the world of crypto and trade even all that could.
legendary
Activity: 1512
Merit: 1010
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January 12, 2020, 02:22:47 AM
#31
Sometimes I feel he's just an attention seeker. He does this with everything, whether it was that tweet on taking Tesla private or that old tweet about eth.
I don't see any reason but creating a confusion in the market for that *not* safe tweet. He might be influencel but the community will not flow according to what he say.
legendary
Activity: 3052
Merit: 1281
January 12, 2020, 02:17:45 AM
#30
@elonmusk tweeted about bitcoin today

Quote
Bitcoin is *not* my safe word

He also mentioned about DOGE & ETH, I believe he is very into crypto and trying to manipulate the pricing  Grin

I agree.  what is the sense of tweeting something if a person does not benefit from it.  I believe Musk is rallying people through his hype to support Bitcoin and other cryptocurrency he is supporting to lift up its price so that he can dump on them whenever huge profit is seen. 

hero member
Activity: 1246
Merit: 529
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January 12, 2020, 02:09:44 AM
#29
@elonmusk tweeted about bitcoin today

Quote
Bitcoin is *not* my safe word

He also mentioned about DOGE & ETH, I believe he is very into crypto and trying to manipulate the pricing  Grin

I tried to buy doge when he mentioned about doge, because last time when he mentioned about doge, it had increased by around 30%. but yesterday when I already bought, then elonmusk deleted the tweeted about doge, and of course I immediately sell it. I did not get a loss after buying at 28 and resold at 28. really the real manipulation lol

The guy's influential, let's give him that. I think those kind of tweets from elon musk can pump or dump a coin more than john mcaffee. With the things he's done and he's been doing, he can convert a lot of crypto doubters into optimists. Having said that, of course he can make a difference in the market movement for crypto. Though with the most recent tweet, who knows if he's just trolling.
sr. member
Activity: 1274
Merit: 265
January 12, 2020, 01:59:01 AM
#28
This man is not a Craig Wright. Just found these two latest news regarding him

Elon Musk Gets $2.1 Billion Richer This Week As Tesla Becomes America’s Most Valuable Car Company Ever


Here's how Tesla went from Elon Musk's infamous $420 tweet to being worth almost $500 per share

Very recently we saw McAfee backing off his 1 million USD per Bitcoin prediction. Crypto is ruthless market, whatever move you do please dont follow anyone predictions.
legendary
Activity: 1862
Merit: 1046
January 12, 2020, 01:10:38 AM
#27
@elonmusk tweeted about bitcoin today

Quote
Bitcoin is *not* my safe word

He also mentioned about DOGE & ETH, I believe he is very into crypto and trying to manipulate the pricing  Grin

I tried to buy doge when he mentioned about doge, because last time when he mentioned about doge, it had increased by around 30%. but yesterday when I already bought, then elonmusk deleted the tweeted about doge, and of course I immediately sell it. I did not get a loss after buying at 28 and resold at 28. really the real manipulation lol
sr. member
Activity: 854
Merit: 253
l0tt0.com
January 12, 2020, 01:05:21 AM
#26
@elonmusk tweeted about bitcoin today

Quote
Bitcoin is *not* my safe word

He also mentioned about DOGE & ETH, I believe he is very into crypto and trying to manipulate the pricing  Grin
He is trying to create an effect in this crypto market. Of course, Elon is a technology lover and he certainly will not ignore bitcoin and blockchain technology. sooner or later he enters this market and manipulates it forcefully. But surely he will soon push its price up and now is a good time for us to buy and hold bitcoins. There are quite a few factors to point to the rise of bitcoin in 2020, which is instability in world politics and the Halving event of bitcoin. We have no reason not to hold it from now on.
hero member
Activity: 3094
Merit: 654
January 12, 2020, 12:55:29 AM
#25
I tend to refer to this tweet of his before anything else. https://twitter.com/elonmusk/status/1119093220544147457?lang=en

I think he uses it as a weird little outlet more than any type of meaningful platform much of the time. If I were him I would've quit some time ago as having an instant conduit from his mind to a global audience must've cost tens of millions in legal ball ache by now.

Thanks for the link.  Grin

It looks like that.
We could now safely say that all his tweets will be nonsense too.

Big names now talking about bitcoin and crypto currencies.
Do they have a purpose in doing so? Are they trying to bring it down or is it just that they own something too.
Just a little bumpy road upwards and they all started to become enthusiasts.  Grin
sr. member
Activity: 1498
Merit: 359
January 12, 2020, 12:43:41 AM
#24
Not totally price manipulation. But I remember before around glory days of bull run 2017-2018 when some celebrity or tech famous twitter accounts like John McAfee who are using his twitter account to shill some shitcoins before and that's totally example of price manipulation for sure, like extremely huge percentage change when he is doing some tweets before about some shitcoins.
But Elon Musk today is different, just what others said, it doesn't even have any effects on the price of Bitcoins nor price manipulation.
We cannot say that elon musk is part of the manipulation that is happening right now because we have no proofs and evidences. After his tweet, there are a lot of articles and opinions all over the social media networks about what elon musk said. Manipulation is in everywhere but we are not sure if Elon Musk is also have bitcoin/s. People are now excited because of what he tweeted.
legendary
Activity: 2716
Merit: 1225
Once a man, twice a child!
January 12, 2020, 12:41:03 AM
#23
@elonmusk tweeted about bitcoin today

Quote
Bitcoin is *not* my safe word

He also mentioned about DOGE & ETH, I believe he is very into crypto and trying to manipulate the pricing  Grin
Of course, anyone who has stay a little over a year in this crypto business knows that the crypto industry is highly manipulated. It's no big deal even if Elon Musk does it. They (the whales) all do and we the shrimps know this  Roll Eyes
newbie
Activity: 140
Merit: 0
January 12, 2020, 12:14:21 AM
#22
Here's one way of looking at it. How much did that tweet cost him? How much attention did it give his name and brand? I mean, he got a bunch of free articles throughout an entire tech industry. It could be a subtle marketing plot, since there is a relationship between those into crypto and those into his products.
legendary
Activity: 2562
Merit: 1399
January 12, 2020, 12:14:08 AM
#21
Not totally price manipulation. But I remember before around glory days of bull run 2017-2018 when some celebrity or tech famous twitter accounts like John McAfee who are using his twitter account to shill some shitcoins before and that's totally example of price manipulation for sure, like extremely huge percentage change when he is doing some tweets before about some shitcoins.
But Elon Musk today is different, just what others said, it doesn't even have any effects on the price of Bitcoins nor price manipulation.
sr. member
Activity: 534
Merit: 250
January 12, 2020, 12:07:28 AM
#20
Trying to manipulate the crypto market with a tweet created. Elonmusk will certainly be a role model for his followers, this will be a massive manipulation. Elonmusk will become an elite whales who are able to control the crypto market very easily.
legendary
Activity: 3472
Merit: 10611
January 12, 2020, 12:03:45 AM
#19
i don't see the manipulation part to be honest. bitcoin price is pretty much what it was before, on a trajectory to start the big rally which means a small rise at first (from $7k to $8.5k) then a small correction (down to $7.9k) and then rise back up. manipulation would have been if price went crazy and shot up to $11k or dropped down to $6k and neither one has happened.

as for altcoins, i still see no change there either. they are pretty much doing whatever they were doing before. for example ETH is having a slow drop against bitcoin as it has been doing for the past 3 years and small shitcoins are pumping big every day just like before.

so could you explain what manipulation you are talking about exactly?
legendary
Activity: 3808
Merit: 1723
January 12, 2020, 12:00:42 AM
#18
Elon Musks net worth is around $30 billion. I highly doubt he would be posting a positive BTC tweet and at the same time going long on high leverage on his bitmex account just to make a couple thousands bucks. Doesn't make sense.

Also the way that SEC laws work, if you are invested in some company or stock, you can't endorse it without saying you own stake in the company, its illegal. Remember the show "2 and a half men", Ashton Kutcher in one episode had a sticker of some company that he hold stock in, after the episode aired he got into trouble and they had to modify the episode afterwards.
hero member
Activity: 1432
Merit: 500
January 11, 2020, 11:53:29 PM
#17
I think crypto manipulation is regularly happening in crypto market due to negative and positive talks from different countries announcement about crypto currencies or people like Jhon macfee now musk has joined the party maybe it will give some positive move for bitcoins or crypto market.
legendary
Activity: 2170
Merit: 1789
January 11, 2020, 11:18:36 PM
#16
Elon Musk must be rolling on the floor right now seeing how people are jumping around trying to decrypt his simple nonsense and believing it was some kind of revelation.
full member
Activity: 1022
Merit: 133
January 11, 2020, 10:01:49 PM
#15
It's hugely possible that he indeed is doing that, because a tech lover like him won't appreciate or see how blockchain and crypto can solve so many difficulties the world is facing?! He probably wants to be the next trillionaire before his billionaire peers lmao Cheesy
legendary
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January 11, 2020, 09:46:03 PM
#14
currently the president of china and the US has great power to influence the price with his words.
Yeah, it's amazing what Twitter has done as far as politics is concerned.  I'm not so sure it's a good thing at all, to be honest but all this technology that's developed ever since the internet started to mature has made things much different than they used to be.

As far as Musk's tweet is concerned, people are reacting to it like slobbering idiots.  The tweet is essentially a non-statement about bitcoin, and I'm not sure it's a statement about anything--the word "bitcoin" just happened to be in it.

having an instant conduit from his mind to a global audience must've cost tens of millions in legal ball ache by now.
For some folks, having that instant conduit isn't a good thing, not for them, not for anyone.  I've never used Twitter since I generally don't care what people are thinking from minute to minute and from what I've seen most tweets are just stupid nonsense.  It's also amazing how news stories these days always include tweets from people.  What a world.
sr. member
Activity: 1400
Merit: 273
January 11, 2020, 09:19:58 PM
#13
@elonmusk tweeted about bitcoin today

Quote
Bitcoin is *not* my safe word

He also mentioned about DOGE & ETH, I believe he is very into crypto and trying to manipulate the pricing  Grin

That Elon is very much into crypto is very probable. And crypto means more than just Bitcoin. He has been mentioning that a handful of times. That he is manipulating the prices, there is no solid back up to that. That would fall on pure speculations because devoid of proof.
sr. member
Activity: 1176
Merit: 301
January 11, 2020, 09:13:07 PM
#12
We all know that crypto manipulation isn't new and people would do anything just to gain profit from their investment.
Most of the time people with a huge name would use their power to manipulate or create something to make some fuss.
staff
Activity: 3332
Merit: 4117
January 11, 2020, 08:59:13 PM
#11
I tend to refer to this tweet of his before anything else. https://twitter.com/elonmusk/status/1119093220544147457?lang=en

I think he uses it as a weird little outlet more than any type of meaningful platform much of the time. If I were him I would've quit some time ago as having an instant conduit from his mind to a global audience must've cost tens of millions in legal ball ache by now.

Elon Musk is a smart guy. He knows that mentioning the word Bitcoin in a manner as he did will trigger a reaction from his followers as well as the rest of the world. This is especially true when it comes to the media outlets. These types of cryptic tweets are great ways to get engagement which results in exposure to different types of crowds. Also, Elon Musk has been known to troll his twitter followers a few times. I think he's a guy who likes to say, and do "edgey" time things. I remember the last time he went on Joe Rogan's podcast, and smoked weed with him, and the news outlets blew up. There was another time where he was in a photo with the Spacex crew, and people went crazy due to him wearing a anime t-shirt. The guy is the very definition of a "edgey" person, and these little things cause a big wave in terms of his brand exposure. He's also shown the "system" or the conventional etiquette the finger a few times which has resulted in the legal ball aches that you speak of.

However, is this price manipulation? I don't think so at all. I think Elon Musk is up to his old tricks, and causing a few waves over the social media platform. I don't there's much more depth to this than the things that I have already mentioned.
hero member
Activity: 2968
Merit: 687
January 11, 2020, 08:49:47 PM
#10
@elonmusk tweeted about bitcoin today

Quote
Bitcoin is *not* my safe word

He also mentioned about DOGE & ETH, I believe he is very into crypto and trying to manipulate the pricing  Grin

I don't see how a simple tweet like that from Elon Musk can be considered as a manipulation. He is not even telling us what to do with our cryptocurrency. He is not telling us that we should buy more or to let go of our holdings. Anyway, since he is definitely a famous man, whatever joke he is putting on the internet can be picked by anybody and can be plastered with meaning depending on someone's impression and creative imagination. Maybe it is time we give ourselves some break, relax and smell the roses.
Nothing new because any sentiments or words came from famous people/personalities then the entire public would really give out or tagged some meaning even if we do analyze it correctly with those words we cant identify if those have an intent or just empty but we can presume that hes trying to give some negative sentiments for the purpose on driving the price down since we know that public do react easily with these kind of sentiments.
sr. member
Activity: 1008
Merit: 355
January 11, 2020, 08:28:04 PM
#9
@elonmusk tweeted about bitcoin today

Quote
Bitcoin is *not* my safe word

He also mentioned about DOGE & ETH, I believe he is very into crypto and trying to manipulate the pricing  Grin

I don't see how a simple tweet like that from Elon Musk can be considered as a manipulation. He is not even telling us what to do with our cryptocurrency. He is not telling us that we should buy more or to let go of our holdings. Anyway, since he is definitely a famous man, whatever joke he is putting on the internet can be picked by anybody and can be plastered with meaning depending on someone's impression and creative imagination. Maybe it is time we give ourselves some break, relax and smell the roses.
sr. member
Activity: 364
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January 11, 2020, 08:10:57 PM
#8
or he could just be making a joke or comment without meaning to influence the market.  It's hard to know what he intended from just a short comment.  However, I think that if someone as prominent at he is mentions Bitcoin, it's a good thing unless he makes a clearly a negative comment.
hero member
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January 11, 2020, 07:48:53 PM
#7
Was there any context to this? I'm not really much of a Twitter user, I'm wondering what got him talking about this in the first place, aside from #manipulation
full member
Activity: 1904
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January 11, 2020, 06:11:02 PM
#6
I mean, can’t really call it price manipulation if the whole market could be influenced that easily. People really are thristy of popular people’s tweet regarding crypto therefore a simple tweet like that vould ridiculously affect the market. Heck, even people are making conspiracy theory out of it.

Because they thought that whatever those famous people are saying to crypto, they are expecting somehow it will have an impact on its price especially if someone is saying positive on crypto. But since Musk is not on the safe side, they thought it is already price manipulation with hidden agenda. Can a normal person just tweet for nothing and not give so much meaning out of it? Social media is really toxic nowadays, you can't express yourself without being judged by others.
legendary
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January 11, 2020, 05:58:34 PM
#5
I mean, can’t really call it price manipulation if the whole market could be influenced that easily. People really are thristy of popular people’s tweet regarding crypto therefore a simple tweet like that vould ridiculously affect the market. Heck, even people are making conspiracy theory out of it.
legendary
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January 11, 2020, 02:44:21 PM
#4
Many months ago I read on some bitcioin-related news site where he said he didn't have many bitcoins, so he's just saying his opinion... In the cryptos world people who have a lot of bitcoins have hardly had pessimistic opinion because they have fear of the price falling and having too much losses

his words clearly don't affect the price.

currently the president of china and the US has great power to influence the price with his words.
legendary
Activity: 2604
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Welt Am Draht
January 11, 2020, 02:42:53 PM
#3
I tend to refer to this tweet of his before anything else. https://twitter.com/elonmusk/status/1119093220544147457?lang=en

I think he uses it as a weird little outlet more than any type of meaningful platform much of the time. If I were him I would've quit some time ago as having an instant conduit from his mind to a global audience must've cost tens of millions in legal ball ache by now.
legendary
Activity: 3332
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January 11, 2020, 01:56:52 PM
#2
@elonmusk tweeted about bitcoin today

Quote
Bitcoin is *not* my safe word

He also mentioned about DOGE & ETH, I believe he is very into crypto and trying to manipulate the pricing  Grin
It wasn't today since I already read about it yesterday. It's not crypto manipulation, IMO, he's just being a trickster and writing something vague that drives the community crazy and gives food to crypto news portals. That reminds me, it's not the first time Musk is doing something weird and crypto-related on his Twitter. Do you remember that he once made a tweet about Ethereum with some anime girl and people were speculating what he meant by that? I can't find that exact thing right now, but there're some news articles referring to that event. Anyway, his words clearly don't affect the price.
legendary
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January 11, 2020, 01:48:02 PM
#1
@elonmusk tweeted about bitcoin today

Quote
Bitcoin is *not* my safe word

He also mentioned about DOGE & ETH, I believe he is very into crypto and trying to manipulate the pricing  Grin
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