Oh, market manipulation is finally bad now? - page 4.

avikz

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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?

I wouldn't disagree that Elon indeed tried to manipulate the crypto market and became successful to a great extent. It more for Dogecoin rather bitcoin. People who could follow his manipulation, made millions overnight and enjoying their new found wealth. Who could not follow, making losses on their investment.

That's everywhere! The regulatory authorities are not stepping in just because it's crypto and not stock market. But I strongly believe that this is a temporary phase. The market will soon become immune from Elon's comments and find its own original flow. It's just about time!

Reatim

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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.

Maslate

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It is not deniable that Elon Musk wanted to manipulate and play it in his bare hands. And we are already aware of such possibility as he enters crypto and shills Dogecoin. That he is a smart guy, many were get to crypto and follow him, and he wins but it didn't take so long.

I could say that the community isn't stupid enough to be blind and unaware of what Elon Musk tried to do in the market, He has no good intention on the market but just to take all the benefits and makes everything runs on his well but the good thing is that he can't fool us all.

Oasisman

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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?

Nope. Almost no one bat an eye? You gotta be kidding me.
Maybe you noticed it around the social media like Twitter or Facebook where people are so hyped up with Elon's next tweet and doesn't care about market manipulations.

Imma give you some of the threads in here.
https://bitcointalksearch.org/topic/the-elon-musk-smart-tweeting-continues-5333762
https://bitcointalksearch.org/topic/--5315718
https://bitcointalksearch.org/topic/elon-musk-is-for-crypto-or-just-for-attention-to-boost-tesla-spacex-5336007

The people around in this community knows what is an attempt of market manipulation. Almost everyone in this community knows Elon was trying to manipulate the market when he started making noise about crypto/Bitcoin in his Twitter account.
And now here he is, making it obvious that he's trolling the crypto community. So, I do think "almost" no one bats an eye what he was trying to do when he tried to pump Bitcoin and Doge.
Do not blame the people around here for being upset on what Elon has been doing. Blame him for his inconsistent statements and market manipulations.

KaliLinux

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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?

To me, it is not whether he did it, it is the manner in which he did it. The reason behind why he did it that he claimed is shady. Here in crypto, you must agree to the "DYOR" Do your own research before investing that everyone must have written once in this forum, and if this is the case, would you agree that with all the resources someone like Elon Musk has he never did any research on Bitcoin before he Invested all that Billions of Dollars? So in a matter of weeks, he went from Good to Bad on Bitcoin when I believe he has all the info on Bitcoin is the Manipulation not whether he decided not to.

yazher

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Quote from: mr_ROBOTT on May 17, 2021, 10:51:14 AM

We may not know Elon's business policy well, but we know that rich people look at their own pockets, not the market situation!
Elon tweaks the trading volume and price of bitcoin with a tweet, and lowers the price by talking about the evils of bitcoin (which he has just discovered).
But going back to a few months ago, we see that Tesla sold a large amount of its bitcoins earlier in the year (at peak prices), and then Elon realized that bitcoins were bad.
This is a dirty policy Cool

That was selfishly going out of his investment and he brings the others out with him with his two cents. Anyway, when those guys say something about Bitcoin, there's always happened with the price of BTC in the crypto market. I think they have their own team who will buy BTC when they command it and will sell it all after they post something negative about BTC that's how I think it works.

nebuch

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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.

isaac_clarke22

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Quote from: BlackHatCoiner on May 17, 2021, 08:38:11 AM

~

I would say it is indeed an overhyped coin. It only rooted from a meme anyway so why people are taking it so serious right now. Cheesy

It surely will meet its drought season soon.
Musk really hyped that coin so much that people got deceived too much to investing to it.

Woodie

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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?

I thought his intentions where known, and the fact that this information is in public domain of him investing over 1.5 billion in crypto, all these tweets presented a bias view of the market which were no surprise to anyone?

But what I didn't understand about all his tweets is why smear bitcoin when you have interest in the coin, could this be manipulation of other whales to buy cheaper coins from them? Because I know he knows speculations are big in the world of crypto, you can't say something and get away with it, markets will react but he chose that path anyway!

Nunoluck

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Maybe Elon Musk also responsible about this situation but it coused not only because of him. Technically when bitcoin price go up then there are many people who hold bitcoin maybe for few months earlier are want to get their profit and I am sure that they will sell it as soon as there is bad sentiments emergence. The lowest level of bitcoin price always increase so I think it is a good thing.

davis196

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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?

Don't you know the hidden rules of the cryptocurrency community?
Price goes up-Market manipulation good.
Price goes down-Market manipulation BAD! Grin

I don't know if whether or not tweeting sh*t about a financial asset(and dumping it's price) is truly illegal.
Elon Musk is just expressing his opinions,of course,they are just trolling and BS,but he has freedom to say or write whatever he wants.
The problem is that many people took his tweets as some sort of financial advise,so they start panic selling their Bitcoins or massively buying Dogecoin.It's not his fault that so many people are taking his BS so seriously.

Lorence.xD

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Because a lot of people in the bitcoin community in Twitter is retarded and hypocritical, they will tolerate it as long as they benefit from it and now that the tables have turned, they go apeshit because they thought that the bliss they have will last forever, I say cheers to Elon for breaking the illusion that this delusional bitcoin users has been following you all this time.

AniviaBtc

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It depends on the people affected by it, there are market manipulation that is good and there's also bad.

I know that some of you are panicking and blaming those people who are manipulating the market, but what can we do?

We are just a small investor compared to them so all we need to do is to perform more effective technical and fundamental analysis.

rodskee

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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?

People here only cares about how they can profit but not having credibility for the whole market and community .

Imagine buying while the price is climbing from the good words given by Elon and now hating the man when the value is falling because of the same reason.

I hate to see this coming but we already knew it will correct?

fileo

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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?

Good to be true, in some cases or maybe in all cases people are always concern about what they can take advantage in the situation. Once the situation is not in favor for them, they will turn their backs and start to crample become annoyed because they cannot take advantage the not in favor situation.

so98nn

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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?

[ROFL]., Elon right now - Get outta my bum man! Every other day the Elon discrimination continues. Let's digest one important thing here, he is multi-billionaire man, no SEC, no govt. would let him down for simple tweeting and that too when it's about decentralised currency bitcoin. It's a master plan to fund the SpaceX project and at the same time fill his billion dollar wallet with more billions!

He is second richest man on the earth. Do we really think his manipulation will be observed by the authorities. About the world, well it just follows him so they are like more fan than haters for Elon.

zanezane

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Quote from: Oceat on May 17, 2021, 07:55:38 PM

If Elon is manipulating the market he should have dump his BTC already, but we didn't hear anything from them yet about dumping but instead with his single tweet about how bad BTC is for the environment because of the miners using coal electricity. And he did stop allowing Bitcoin payment to buy Tesla just because of that, maybe he's just planning to pump the meme coin on his own instead of Bitcoin?

I don't see any manipulation here but rather a correction plus i saw a nees where investors are pulling out some huge money in Bitcoin that's why we've seen this huge correction. It should help though to let potential investors to help adopt Bitcoin during this dip/correction.

You are probably blind to not know that Elon isn't manipulating the market already, the moment someone famous or has a large following started tweeting about the market promoting or opposing it, it is already a market manipulation.

Oceat

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If Elon is manipulating the market he should have dump his BTC already, but we didn't hear anything from them yet about dumping but instead with his single tweet about how bad BTC is for the environment because of the miners using coal electricity. And he did stop allowing Bitcoin payment to buy Tesla just because of that, maybe he's just planning to pump the meme coin on his own instead of Bitcoin?

I don't see any manipulation here but rather a correction plus i saw a nees where investors are pulling out some huge money in Bitcoin that's why we've seen this huge correction. It should help though to let potential investors to help adopt Bitcoin during this dip/correction.

Twinkledoe

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Quote from: ?? on ??

Quote from: capcaypro on May 17, 2021, 11:30:35 AM

This week has been a very bad week as long as I've been investing in bitcoin because I've seen my assets shrink so much.
but it's okay because this is a process I have to go through as long as I have this asset.
regardless of manipulation or whatever it is according to people I just want to focus and keep my assets in bitcoin because I believe this is only temporary.
other than that I'm not sure if bitcoin can be pumped with just one tickle. for doge maybe elon musk could be because doge is just a small coin so many people will follow it but for bitcoin it's different

But this is very good to enter the market, almost the whole red market, I've prepared a lot of usdt to buy coins at a discount. I believe in the future of cryptocurrency. Just as you are the thing to go through, I took a great moment for this.

It is good that you are very optimistic in this market. For those that are really waiting to buy when the market goes down, now, is the good time to accumulate those valuable coins that have high potential to increase in the next coming months. It may be bloody red today, but it will not be forever, at some point, we will see the green market again. But you need to be careful what alts are you going to buy. Better not buy those meme coins that are rapidly sprouting, those are very high risk investments.

kojektea

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Market manipulation is common, and this time done by the richest man, he is Elon Musk. I don't really follow Elon Musk's hype like Doge. Since this is unhealthy growth there is always a bad thing after the pump. I hope the market recovers soon.

Quote from: capcaypro on May 17, 2021, 11:30:35 AM

This week has been a very bad week as long as I've been investing in bitcoin because I've seen my assets shrink so much.
but it's okay because this is a process I have to go through as long as I have this asset.
regardless of manipulation or whatever it is according to people I just want to focus and keep my assets in bitcoin because I believe this is only temporary.
other than that I'm not sure if bitcoin can be pumped with just one tickle. for doge maybe elon musk could be because doge is just a small coin so many people will follow it but for bitcoin it's different

But this is very good to enter the market, almost the whole red market, I've prepared a lot of usdt to buy coins at a discount. I believe in the future of cryptocurrency. Just as you are the thing to go through, I took a great moment for this.

[moderator's note: consecutive posts merged]

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