Oh, market manipulation is finally bad now? - page 2.

Miaallen

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Activity: 573

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Quote from: nebuch on May 22, 2021, 04:21:51 AM

Quote from: Reatim on May 18, 2021, 08:48:16 AM

Quote from: nebuch on May 18, 2021, 07:52:27 AM

Crypto manipulate is not new. However, what had been happened was pretty surprising where Elon seriously damage the whole market after their announcement of Bitcoin suspension from accepting as payment for Tesla. After that the whole market eventually decline even until now. Manipulation is bad when it wasn't for the good of all.

we cannot called that manipulation instead that is a Bad action , there aremany investors that still holding tight into Bitcoin and tesla is just part of it .

the problem is if those other big companies goes towards how elon move and that is for sure what we can call manipulation.

Maybe. Still manipulation is a form of controlling the market flow in any possible action. Actually, we don't know yet if what had happened were just part of crypto life like just coincidence as we know the past history looks like happening again now. If that what it is, we can expect big return from this dip market.

Not everyone was happy with his manipulation with tweets. His aggressive tweets is even responsible for me to sell of my Bitcoin to embrace other altcoins as I believe in real developmental growth not knowing his tweets' effects with as this much affect other altcoins too. But I still believe we will get out this mess of Musk's creation.

decodx

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Quote from: Anonylz on May 22, 2021, 05:05:23 AM

Quote from: Antanton28 on May 22, 2021, 01:20:19 AM

I really don't understand why people are so surpized when btc or the entire market gose down .. its normal when only a hand full of people control 80% of btc
And dont be surpized in 12 hours from now when btc will hit 50k again

Especially when we all know that the market won't stay up forever and neither will it stay down forever, and I agree, there are more powerful people who are involved in btc and holds quite a large sum and has the power to turn things around in one single move, this is a calculated attempt to shake off weak hands and for the whales to buy the dip.

I don't see this as a trend or lasting, as usually these events are short lived, and the market does what it does and it goes back to the way it was before.

Its just a good place to keep a few shares, just in case things get worse and you can buy them cheap enough to make it back up to where you bought.

So keep some cash with you for when you need it to buy something now.

Anonylz

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Activity: 2562

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Quote from: Antanton28 on May 22, 2021, 01:20:19 AM

I really don't understand why people are so surpized when btc or the entire market gose down .. its normal when only a hand full of people control 80% of btc
And dont be surpized in 12 hours from now when btc will hit 50k again

Especially when we all know that the market won't stay up forever and neither will it stay down forever, and I agree, there are more powerful people who are involved in btc and holds quite a large sum and has the power to turn things around in one single move, this is a calculated attempt to shake off weak hands and for the whales to buy the dip.

pinggoki

sr. member

Activity: 1498

Merit: 416

Quote from: cryptoperkele on May 17, 2021, 08:22:36 AM

How come almost on-one didn't bat an eye when Elon was pumping BTC by tweeting about it? In fact people were encouraging him to tweet about BTC or doge, and now it's suddenly market manipulation and potentially illegal when he is tweeting shit about it and it's going down?

Actually this Elon was really a manipulator and indicator in the market in which everything that he tweets become a major asset and reason on what would be the outcome of the market. I've seeing this as a bad habit or bad activity because of these scenario many people are having a hard time on reading the market and due to these happenings many people are getting hype on every coin that Elon is tweeting.

nebuch

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Activity: 588

Merit: 11

Quote from: Reatim on May 18, 2021, 08:48:16 AM

Quote from: nebuch on May 18, 2021, 07:52:27 AM

Crypto manipulate is not new. However, what had been happened was pretty surprising where Elon seriously damage the whole market after their announcement of Bitcoin suspension from accepting as payment for Tesla. After that the whole market eventually decline even until now. Manipulation is bad when it wasn't for the good of all.

we cannot called that manipulation instead that is a Bad action , there aremany investors that still holding tight into Bitcoin and tesla is just part of it .

the problem is if those other big companies goes towards how elon move and that is for sure what we can call manipulation.

Maybe. Still manipulation is a form of controlling the market flow in any possible action. Actually, we don't know yet if what had happened were just part of crypto life like just coincidence as we know the past history looks like happening again now. If that what it is, we can expect big return from this dip market.

Renampun

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Activity: 2338

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Quote from: kojektea on May 19, 2021, 12:18:52 PM

Quote from: ?? on ??

Manipulations pass me by while I continue to hodl btc and eos on my trust and ownr wallets. I'm in the shadows.

Only people who understand this condition or have experienced in taking the moment, where can buy the cheapest price, now we enter the phase, hope the market recovers soon.

I was in crypto since 2017, Bitcoin has experienced something like this dozens of times...

thinking that Bitcoin price will continue to rise without correction is wrong and vice versa. This bear market is coming to an end, it won't be long, those who have made a profit will surely pump Bitcoin back.

Kong Hey Pakboy

member

Activity: 1120

Merit: 68

Quote from: Miaallen on May 21, 2021, 04:53:15 PM

The fact that he believes he can manipulate the market as he like has now backfired with little help of cryptocurrency ban placed by the Chinese government. Now, his tweet can no longer do the redemption works he thought it would do.

That is not the point because people were happy that he tweets aabout bitcoin to pump its prices and we didn't care because we benefited from it and now that he has a different opinion than us, everyone loses their shit even though it is a temporary thing.

Antanton28

newbie

Activity: 1

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I really don't understand why people are so surpized when btc or the entire market gose down .. its normal when only a hand full of people control 80% of btc
And dont be surpized in 12 hours from now when btc will hit 50k again

Miaallen

member

Activity: 573

Merit: 30

The fact that he believes he can manipulate the market as he like has now backfired with little help of cryptocurrency ban placed by the Chinese government. Now, his tweet can no longer do the redemption works he thought it would do.

KryptoKings

hero member

Activity: 854

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Quote from: cryptoperkele on May 17, 2021, 08:22:36 AM

How come almost on-one didn't bat an eye when Elon was pumping BTC by tweeting about it? In fact people were encouraging him to tweet about BTC or doge, and now it's suddenly market manipulation and potentially illegal when he is tweeting shit about it and it's going down?

Who are the people encouraging him to tweet? Anyone in the crypto field for even a year know very well that such things eventually crash the market as soon as hype die down. I am totally against creating unnecessary hype by anyone.
I have always said the Elon Musk is doing more bad to crypto than good.

fladnaG

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Activity: 89

Merit: 30

Manipulation has always been bad. But how can we influence this?

samsul1234

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Activity: 532

Merit: 11

Quote from: cryptoperkele on May 17, 2021, 08:22:36 AM

How come almost on-one didn't bat an eye when Elon was pumping BTC by tweeting about it? In fact people were encouraging him to tweet about BTC or doge, and now it's suddenly market manipulation and potentially illegal when he is tweeting shit about it and it's going down?

hello sir, I know you and some people are disappointed with the current market, this is a big hit for us and how we react to it now, Elon is someone who really influences the market today, previously Elon pumped bitcoin because it was the time to pumping bitcoin, and now bitcoin is being played by Elon and we have to be patient and wait for bitcoin to be pumped again, we just follow the path they give

gribalenfeksiyon

full member

Activity: 546

Merit: 100

Apart from whether this is illegal or not, the important point is, who is Elon Musk and why he always wants to manage this market as he wants. We need to find an answer to this question. He has started to become distasteful with the things he has done recently, and many people have started to hate him. this is not his playground. he needs to learn this. these people are not his toys either. it cannot harm so many people just by doing what it wants.

online73

full member

Activity: 644

Merit: 101

Ecowatt.io

Unfortunately, any market, especially cryptocurrency, is subject to manipulation. A spark can ignite a flame at any time. I'm not sure that this time Elon Musk became this "spark", nevertheless, the crypto market correlates well with the American indices, and they simply fell. But next time there will be some other "Elon" on which all the dogs are hung, Elon Musk is to blame for the last drop in the price of Bitcoin in the very last place. There have always been manipulations here, learn to look for problems in your own mistakes, and not in the statements of public people.

ILuckyGuyI

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I must admit that I was feeling contented while Elon Musk was helping the price to go up. But I know that it was wrong. We shouldn't see any kind of manipulation normally. It really doesn't help the market in any way. It just damages the market.

TheGreatPython

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Activity: 2548

Merit: 329

Quote from: cryptoperkele on May 17, 2021, 08:22:36 AM

How come almost on-one didn't bat an eye when Elon was pumping BTC by tweeting about it? In fact people were encouraging him to tweet about BTC or doge, and now it's suddenly market manipulation and potentially illegal when he is tweeting shit about it and it's going down?

Well I wouldn’t say that you’re wrong. If people are going to be supporting someone that is pumping the market then they should as well be ready for the dump and swallow their vomit without complaining about it. A lot of people are only interested in the bulls. They are only Bitcoin supporters when the market is bullish and when it becomes a bear market ,then they start crying.

A lot of people were supporting Elon when he was pumping the price of Bitcoin, and when people around talk about it I always tell them to get ready for when he’s going to dump the coins he has invested, although he went far than what I expected lol. Anyways, this is not the first time we are seeing things like this.

BASE16

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Activity: 180

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Well firing all those Falcons isn't exactly environmentally friendly either, is it ?

nightxglow

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Activity: 700

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Elon musk really has the power to persuade people, i'm not gonna say manipulate, since it's not the case i think. So of course his words will affect the price of bitcoin. If it's something good, it will increase, if it's something bad, it will go down. However, i don't think elon musk has bad intention to bitcoin, since he owns a large amount of btc too. People need to calm down, it's kinda true though about what you said, why it's good when elon tweets great things but throw hate when elon tweets something bad.

Freezingel

sr. member

Activity: 574

Merit: 251

But the fact that he's manipulating the market, whether directly or indirectly, intentionally or not, is true though. But it's not his fault, even if he tweets something, if people don't take it seriously nothing will happen. That's true though, people just want the good things to happen, and when Elon decided to tweet a bad one, they go mad. It's kinda unfair, it will be a lot better if everyone just ignores and keep believing in their own thoughts.

kojektea

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Activity: 2268

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Quote from: ?? on ??

Manipulations pass me by while I continue to hodl btc and eos on my trust and ownr wallets. I'm in the shadows.

Only people who understand this condition or have experienced in taking the moment, where can buy the cheapest price, now we enter the phase, hope the market recovers soon.

Topic: Oh, market manipulation is finally bad now? - page 2. (Read 785 times)