Bitcoin Forum

Haha, just like I said in the previous post, Elon Musk really has the ability to manipulate the bitcoin market, just follow him at least for the moment. But this wouldn't last long; they started to hate him.
At least if you go short, you also have some money. In this market, the more you panic, the more you lose money.
https://medium.com/snapbots-news/snapbots-news-review-elon-musk-suggests-teslas-sale-of-bitcoin-market-drop-again-cb7078dc8f00

His one word reply "Indeed" has really sent the price further downward. A great opportunity for those who don't have enough btc in their hold to get more, investors on the other hand like this my friend on WhatsApp who is loosing money is screaming for Elon musk to shut up and stop tweeting.

https://i.imgur.com/VruXCgg.jpg

how much money did you just lose? lol

with the large amount of money elon musk, it turns out that elon musk really has the ability to manipulate the bitcoin market, hundreds of billions of United States dollars are lost, after Tesla, Elon Musk announced the discontinuation of using bitcoin to buy Tesla electric cars ,,
but I believe this is only temporary ,, in the future bitcoin will definitely get better again, we just need to be patient bro, we bitcoin fighters will definitely not give up bro

The "Bitcoin market" consists of about... 20 sketchy flip floppy Venture Capitalist  (minus the Winkle Voss twins).  Try trading Bitcoin today in person... it's basically impossible, but these services will swallow it up

That's not a great market despite being able to get rich off their gay stock market money.

Bitcoin was far better off $100-$1000 traded by a TON of hustlers and a few brave VC's trying to get rich off the drug and prostitution markets.

Bitcoin isn't designed to scale well for the hustlers (centralizedish mining spamming the network to juice people for their fees)... it's great for a few dumb ass people like Jack Dorsey and Co who are willing to pay for everyones fees to withdraw off their shitty sketchy half ass apps.

Bitcoin is long over due for a price correction and some principle changes that accommodate more users on the network without milking them dry miner fee wise.

Most people use Elon Musk's tweets as an indicator of where should they invest and how much a coin will pump for a short period of time. Technical analysis? There's no need for that, just always be notified whenever Elon tweets about Cryptocurrency lol. He's really influential to the crypto market just by his tweets BTC market price pumps to something unexpected so we should expect something like this would happen.

Elon is just a potential investor and anytime he wanna make some profit he could come panic about a particular coin for him to make his profit and whenever he wanna buy he will also come make some silly play about the coin and people will dump then he buys at cheap price, after some months of hodl he will come make another post then people will jump-in then he sells. I don't follow his tweet anymore.

Elon showed a lot but only fools believed it.

The best features are that bitcoin is not legally regulated against speculation like other markets.

He made an ad that showed what group of people have a large financial contribution to the bitcoin exchange. Which means you can get even more money from them.

Musk posted his tweet "Tesla hasn't sold any Bitcoin" today, just as $BTC tested the 38.2% Fibonacci retracement level. So, the price bounced perfectly of the major support.

Could this be a manipulation or just a coincidence?

Markets are influenced more by news and recent events. Than they are by natural market mechanics. Its the reason market mechanic based paradigms like technical analysis, AI trading bots and stock to flow models are no longer considered valid in some circles. News stories published about quantum computers and tweets made by Elon Musk influence markets far more than traditional indicators like market cap, volume or P/E ratios. Its been this way for a very long time.

I for one don't have issues with Elon Musk posting on social media. Many of his posts are good information to those few who comprehend what they mean.

What do people think when they see Elon Musk pro bitcoin one week and anti bitcoin the next? There are good explanations for it that indicate ways in which the world is changing.

This isn't for long, sooner or later the market will tire of it. Also, he's only able to do it because the market is in bull run so it's sensible to the news. When Elon was tweeting about BTC in the past years, it barely flinched. This just shows how much of the price today is based on psychology and speculation rather than strong fundamentals.

Maybe after Dogecoin will crash, which is bound to happen soon, Elon will lose interest in crypto and we will all move on.

Things really change when Elon entered crypto. But still we should be thankful because  he made bitcoin hyped before and so it reaches another peak price. But when Elon tweeted on Dogecoin, bitcoin price has suddenly dropped. And so haters for Elon have started to appear.

But they say all these things are temporary. Just like how unpredictable this crypto market is. Elon will soon to stop all these messy things and all those crazy manipulations. Crypto will be back to normal again and bitcoin will soon to regain its strong fundamentals.

This is still the wild wild west, after all. And Elon is so influential a figure that his statements, whether true or not, mean a lot to the market. Not to mention that he's got the money, too, to actually direct the price movement to a certain extent.

But it cannot be like this forever. Whether or not Elon would continue to blabber over Twitter, people would soon begin to see how ridiculous things are doing and whatever Elon says would have less and less effect to the market.

At least Musk is generating publicity for BTC and brought it somewhat mainstream with retail investors, which will only be for bitcoin's benefit in the very long run.

However, in the short run, I don't think there is any point in following what he says anymore. He's gone a bit rogue much like Trump's tweeting.

It's not a great look for him, or for TSLA and its shareholders, that he's constantly singing a different tune on various speculative investments. How he can go from investing $1.5b in BTC one day to rejecting it as an environmental antagonist is beyond me. The only explanation is market manipulation.

I am in two minds about this. First of all, Bitcoin has moved past that stage, where any sort of publicity was good. Now cryptocurrency sector is worth $2 trillion plus and we can afford to be more selective. That said, it will be good to end this manipulation by Elon once and for all. This time he has managed to crash Bitcoin prices by 25%-30%. But the dip is a temporary phenomenon and I hope we will be back to $50K very soon. The next time Elon's tweets won't have much impact on the market, because we all know about his intention.

Someone should stop this guy  ;D ;D I think a serious sanction should be applied. He seriously manipulates the market because. He will find other projects soon. I believe it. He must have shelved all his projects. Because he found a faster method of earning  ;D

Elon Musk raises its price through bitcoin investments but does not have the power to make the bitcoin market effective because no one can control bitcoin. Tesla mainly makes electric battery and solar powered cars the demand for alternative powered cars is increasing day by day due to global warming and rising oil prices in the international market tesla's assets are also increasing with it. With the company's income by investing in bitcoin there is nothing to be disappointed about if the demand for bitcoin increases the price will go up.

all he needs are the money and the followers to fool around the market but where does it go after this? because in the end it just creates popularity for Bitcoin. if he messes around for long, he could just bring more people in the market that he is interested in trolling. look around how the media covers dogecoin and bitcoin.

he can hurt the market of course, he may be winning for now but in the long run, it will get better since BTC had come a long way to achieve the biggest network.

Chill bro, you have nothing to do with that but to wait, he is a big investor compared to us.

It is okay to rant about him playing with the market and parting ways with bitcoin but we just really need to deal with it.

Elon Musk will probably do anything for himself just to make his investment profitable for him. He can setup a hype, he can play with market, and also he can make us suffer.

Nope, the reason given by Tesla/Elon on why they will discontinue accepting crypto is very strange, they said it's for environmental issues and energy losses due to mining, which is kind of direct attack on the fundamental of Bitcoin itself. Technically, I think OP is right, Elon was probably manipulating all till now and have no vision on it for future, which is just my opinion though seeing their statements and analysing them.

What happens to Bitcoin we purely relies on Elon? Elon Musk is influencer and his tweets impact on market heavily, that's pretty clear. I guess as long people keep on posting ELon shits there will be no changes. Those people might have ended their concern over Elon tweet now, and focus on investing. There no need to panic and care much about Elon. If you really know Bitcoin you don't give importance on Elon or what he tweets.

We know this already. ;D
Just stop making posts about Elon Musk.There are hundreds of posts about him on the forum in the last few days.Gosh,can't you just stop giving him attention,people? ;D
Should we change the name of the forum from bitcointalk.org to wehateelonmusk.org? ;D
Just HODL and everything will be alright.People,who panic will lose money,but that's their mistake.
I don't think that all the hate towards Elon Musk will stop him from manipulating the crypto prices.

Maybe he now becomes of Elon fans so he tries to attract more attention ;D
But we can not deny that Elon already make a surprise to the crypto market and we do not know what other surprise that Elon will give to us, especially after he says that Tesla will not accept bitcoin. It is interesting to wait for what Elon will do related to the current situation in the market. But all in all, the crypto market will be back to the high price no matter what Elon says ;D

elon likes to see himself on the news and in the social media where people talk about him. the elon threads created by newly registered user could be elon : D  and wants to talk about himself.

elon created a lot of alt account for himself here in bitcointalk to talk about himself and how he can manipulate the crypto markets. nice job elon. 😄

Even though Elon Musk has great influence and is a billionaire, he doesn't really have the control at the bitcoin market. Maybe he can influence the price movement whenever he does something but the whole market, it is too vast to be controlled just by a single person. Also we should stop talking about him, instead of spreading hate, we are more likely spreading his influence so it would be best that we stop bothering about what he does. Always focus on your investment and holdings so that you can get the best results.

we don't know what secrets they are running. With the news that seems to suddenly make a statement, I think this is the job of smart people. We can see the effect of Ellon's statement, with the current flush of the market, although no one knows what actually happened. but rest assured the market will return to peak again after the effects wear off

Definitely he has.He just send a tweet that his company will no longer accept bitcoin as a means of payment and here we are now market has been bearish for days.This has really frightened me how one person can have so much influence like that in the crytocurrency market which is not a safe at all.But it is still a good time to buy the dip before the bull run comes in again because this will soon be over hopefully.

He's actually one of the whales and he's too influential that most of his followers believe in everything that he says which has a huge impact on the market. He has the guts and assets to play with the market whenever he wants and we can't control it. He always gains attention in his tweets but instead of being too affected by his manipulations, I think it would be better to go with the flow and take advantage of the things that he does with cryptocurrency.

Well, quite a few people believe and quite a group of people like to turn these status lines into actual actions, dumping on such news, taking a part of the market profits and accumulate bitcoin according to a predetermined plan, that's an easy way to explain how Elon Musk can manipulate the market. Many people are truly grateful for Elon Musk's uplifting emotions when he is burning too much for booms and changing markets, every time the rules are broken, new investment avenues will appear, the market will lose its boredom and gain new spice.

You don't have a chance to stand against a whale, influencer or whtaever it is. Just like you said they have an influence towards bitcoin so even some whales might get influenced by elon musk. I don't care about what elon musk wanted to do as long as I won't get affected by whatever might happen in cryptocurrency when he said something that might cause a panic for other people.

The problem with his talent is that people are mistaking "decentralized" of bitcoin with the "price not being affected by one person" and that is not the point but it hurts us so much. People are mocking the "decentralized" part of bitcoin nowadays because of Elon Musk because he can simply just move bitcoin price to anything he wants, if he goes out there and says "bitcoin is awesome, I love it" the price will go up, if he tweets "I hate it" it will go down, it is really something horrible.

However even though he has the power to manipulate the price of bitcoin, which is all because other people giving him that power and he doesn't have that power himself, it is just given to him, that still has nothing to do with decentralization, bitcoin still has a very intact code that nobody can change unless almost everyone in the world would agree to change it.

The only chance we have is to do exactly the opposite of what he says.

Think about it. If we were in his position and trading, we would probably do the same thing he does.

Hahaha, that could be like that. We are like to see ourselves on the news and become popular, which can happen too with Elon. Elon can do anything he wants because he has money that can hire many people to do something for him. But I doubt that he can do that many things just to make him more popular because the public will see who Elon is for sure.

Yes, we do not know. That is why we need to calm down first if we see some news from Elon because he is not always telling the truth and maybe he want to make a noise in the crypto market. The crypto market will be back on the right track in the future, and Elon can not make the market shake as before.

Elon Musk's influence on the market was confirmed as he took Bitcoin up from the $38k region to a new ATH of $65k and he took a $250 million profit there. After the tweet about Tesla stopping accepting electric car payments in Bitcoin, the value of Bitcoin has dropped rapidly and is now at $39k.
Elon Musk is really a manipulator as in just about 3 months he has caused the crypto market to rise and fall drastically.

Or he used the market to earn. He has return Bitcoin to where it was. He pumped the the price. This price drop in money equivalent is Elon Musks salary for pumping Bitcoin and risking his reputation.

I see a lot of people complaining that Elon Musk crashed the market. I wonder why they did not sell their Bitcoin when the price was +$64k ? They had plenty of chances to do that. I think those who complain most, thought that the price of Bitcoin would only go up. That is a total wrong thinking.

This is morally so wrong. Elon Musk is obviously using his twitter reach to influence the crypto markets and profit of it. It is times like this that I wish we had some kind of global agency that would investigate such issues. The international community should not just roll over and let Elon Musk whatever he wants. I definitely lost my trust in Elon and will not follow his recommendations in the future.

So is every other billionaires, whales and institutional investors that get in the bitcoin market, they have no consequences for pumping and dumping in the market so it is no brainer that they are going to manipulate to some level.

If this forum is always discussing and talking about Elon Musk there will be no end, what happens will pass by itself and let it all happen because we don't know what will happen next.
all we have to do now is just HODL and be patient because it's not over yet and whether it's because of Elon Musk this industry will end, and whatever we talk about won't differentiate between the words the crowd has already spoken.
indeed many people were disappointed by his decision and but many also benefited after bitcoin, Dogecoin, and other cryptos hit all-time highs.

He's got everything he needs to manipulate the market, he's a successful businessman with several companies under his name. Since the cryptocurrency market is decentralized, thus he faces no consequences for his actions, his only goal is to profit from his actions, taking advantage of the current volatility. I think he is starting to annoy the crypto community, it has definitely irritated me.

Lots of traders and investors especially those small time players are now annoyed with his action, he don't have anything to lose as he got lots of money to play if in case he needed to use his wealth.

His popularity brings him up and until now he's keeps on playing and making more money out from this market, let see if how long he still dominates.

As what you have said, there are now more people who got annoyed with him,.

Bitcoin was a trillion dollar market before Elon announced Tesla won't be accepting Bitcoin payment anymore. Tesla claimed it has purchased a billion and a half worth of BTC. Although it is already a huge amount, it is far from an amount that could solely sway the market in whichever direction Elon wants to.

Whether we like it or not, what largely contributes to this dump right now is probably not Elon but the weak hands who are panic selling, those who are reacting to an ignorant tweet, those who got easily emotional by a single company's decision to pull out their support from Bitcoin.

Elon Musk is indeed influential and has the ability to cause movement of trend in bitcoin market. Musk is famous and successful businessman and investor which make people look up to him that much. Whenever he tweets something about cryptocurrency, people are always too quick to either buy and sell. Personally, I think he is a smartass. Millions of people are following him and he is using such opportunity to make the market move to his advantage.

Imagine, if he tweets about price drop prediction, majority are hurrying selling their coins. Which is a great chance for a big-time investor like him together with his colleagues because they can buy a coin at such low price because of market supply. This just a simple reminder that we shall not depend on someone regarding the price up or down. We shall use technical analysis to prevent loss and to gain profit. We shall not let the "whales" control the market flow.

This time it was  more of a timing issue and a double effect I would say, no doubt Elon Musk do play vital role now and with his tweet and few days later with China's new has just bought eh things in more falling demands and people started to liquated their positions in anticipation that it could dump a lot with those news combined. But now seeing this prices many of the companies would want to buy at these rates and could have big buying orders as well which may see price jump in coming days only.

He indeed moved the market into pieces with his tweets but I don't think a common man can actually benefit from this because I have a strong feeling that Elon is the real benefactor of all this because he knows when he is going to make a tweet people will go crazy and berserk on the market based on what he wants and hence he can easily place sell and buy orders accordingly.

The best thing one should always do is follow market news but don't get carried away with it. I mean it's a good thing to follow Musk but don't sell your BTC cheap just because he makes a tweet in disfavor of BTC. You need to understand that he is one of the richest guys and he surely is here to make money. Don't think of him as a god and follow him blindly.

Classic. Everyone is blaming Elon Musk already for a week, but only few noticed that "China allegedly banning further aspects of cryptocurrency commerce (https://cointelegraph.com/news/stocks-china-and-the-dollar-3-reasons-why-bitcoin-price-is-tanking-below-40k)". That to that we observe today an enormous drop from 41k to 30k. Not to mention "May 17, #Bitcoin mining pool's 24-hour computing power suddenly plunged 20%. Mainly because of shortage of power supply and carbon neutrality policy. (https://twitter.com/btcinchina/status/1394546866725933061?s=20)" But it is so convenient to blame only one person and close other on other factors.

The more he manipulates the lower his power over the masses will be. It happened to McAfee, who at first was someone worth believing... more or less... and then became just another twitter that got paid for promoting projects, and I must say handsomely. At the end, karma caught with him and the prison sentences he got were anything but light. I think Elon is pretty much on the divide of getting his own legal nightmare served on a silver tray. An not a blockchain one, but for real.

Right. Elon Musk is a bitcoin billionaire. Elon Musk has proven he has a lot of power with cryptocurrency. Every statement or tweet of this tech billionaire can 'turn the destiny' of digital currencies, making investors constantly heartbroken.

  Elon Musk has manipulated the bitcoin market. He can make bitcoin go round and round. He is the king of bitcoin. The proof is that when Tesla announced to accept payments in Bitcoin a few months ago, the price of this cryptocurrency immediately increased by 10%. When Musk reversed this, the price of Bitcoin immediately fell at the same rate.

Yes, I admit if Elon does have the power to manipulate the market and I hate this.
Although basically Crypto Market only depends on the market itself, it cannot be denied if the role of Elon is very large. The big-name of Elon is a reference for many people, especially new people in Crypto. So what is said by Elon will usually have an impact on them to buy or sell in large quantities.

Elon Musk does have the ability to manipulate the Bitcoin market, for him cryptocurrency is only considered a toy, through his twitter he can have
an effect on the Bitcoin market. In fact it wasn't only Bitcoin that he could play with, Dogecoin's price went up because of Elon Musk too. So we really
have to immediately realize that we should no longer be influenced by Elon Musk, because since spreading FUD about Bitcoin, It is increasingly clear
that Elon Musk's goal is to make a profit for himself.

It's just that many market players need to focus on something and rely on their activities, so they are looking for a reason for euphoria or vice versa for profit-taking ;) The cryptocurrency market has been moving too fast lately, so Tesla's actions and Elon Musk's tweets have laid seeds on fertile ground, provoking a correction in the market that at times looks more like a collapse. If your company has at its disposal one and a half billion dollars of funds invested in cryptocurrency, then even the most avid skeptics will at least listen to your words, let alone a bunch of small investors. Another question is that right now we will be able to see the real demand for cryptocurrencies, and not the hype demand for the growth of the asset before that.

That's the problem, people won't stop talking about it and now it becomes a big deal. @bitzizzix is right that we should just hodl and carry on and not worry for something temporary.

I don't know how this started and when he started to promote dogecoin on his twitter. But I think this began when his company Tesla bought a large amount of bitcoin and will accept also it as a payment to buy their car, Tesla is a big and popular company in the technology field and this attracted many people to get interested in cryptocurrencies, not just bitcoin. Then the dogecoin craze happened, it pumped more than 20 cents in less than 3 months that surprised many people in crypto. When he announced Tesla won't accept bitcoin anymore, many people started to panic selling. It's like he don't know at first before buying bitcoin how it is really mined. I'm sure he and his company is buying these dips and I hope people will stop listening to him anymore when he talks about crypto.

When the market is in euphoria, people are less aware of the risks of trading and they often trust the charts and analysis of famous traders.
People were greedy and they took the consequences of the bear market.



Tesla stock is falling and the Crypto community is insulting him. It was the payoff for what he did.

Sometimes I wonder why we have to listen to Elon Musk and go into the market just for FOMO. We shouldn't continue to blame Elon Musk. We need to consider our responsibility in each investment when we have allowed a loss to happen.

Sooner or later, people will see that what Elon did is wrong, so they will not follow him anymore. The crypto market will not always follow what it says and will move by itself depending on its demands. Besides that, the crypto market will be back to normal situations, but we need to be careful because, in the future, many people like Elon will do the same thing as him. We can follow them, but we need to be careful and always analyze before we decide.

I think the fact that hes billionaire has little to do with the market manipulation but instead it's because many people have been overhyping elon due to tesla and spacex, you know all the space things like mars ,etc
making people really comfortable and respectful with elon but unfortunately elon himself disregard all the respect and try to make money from the people following him

he has been accused of market manipulation many times, he definitely gonna do it again

No he is not , it just happen that there are still tons of fool and stupid people inside crypto that's why Elon is successfully fooling them all.

But reality check ? Elon has no power such us to make the market shake if only people will understand the real situation.

It isn't just Bitcoin but any cryptocurrency that he wants he had created FUD and FOMO in Bitcoin the top crypto and also a long time ignored project (DOGE) so for me he could do it on every crypto that he wants.
It is all up to his followers and believers if they would continue to move the way he wants them to be or learn to make their own choice and ignore his statements regarding to cryptocurrency so he would stop creating FUD and FOMO.

What is more interesting is that Elon 100% knew how bitcoin and its mining works but he intentionally made the announcement that time just to gain attraction, maybe to sell his bitcoins at the best prices and now maybe he just wants to buy his coins and made that announcement and as expected the market dropped.

It's very sad to see a market made for everyone is now being controlled by a single entity and he is playing with everyone. Although we as traders are solely responsible for this because we are following him blindly and not using our own sense. People going mad about doge coins will soon fall hard and maybe then we start praising Musk for whatever he does.

We can't say "little to do", that is still one of the most major reasons. You think if Elon Musk was just a millionaire, or just a regular person there would be a chance he would still be listened? Or if he was CEO-Founder of Tesla but Tesla was a struggling company that barely worth anything and barely sold any cars he would still get attention?

I mean being the richest person in the world for a while and being second now I think definitely gives him the platform. I am sure there are other rich people and we do not care about any of them so that means being rich is not enough that's true, him being second richest person in the world is not the reason he has the power to manipulate crypto BUT that one is the reason why people saw what he says in the first place, after that it was all his weirdness that kept people with him but it was a requirement at the start.

Elon's name is really on a hot issue right now but just like the old news, everything will close its chapter and come to its end. So people will eventually start hating Elon and lost all his followers that will make all his tweets less important and definitely no impact on crypto anymore.

So we should never make this dip a missed opportunity just because of Elon. Let's start filling our bags with potential coins so we will never regret in the end that we had missed another opportunity to buy because we are carried away by our emotions.

Hopefully we can all move on regarding Elon Musk, I think now Elon Musk is no longer trusted by the crypto community. So his influence
in the crypto world will soon disappear and that's what I hope, because Elon Musk's presence only makes the market chaotic. I agree that
the market dump as it is today must be utilized properly, we must be able to take the opportunity by buying some coins that we really
consider potential. So when the crypto market recovers successfully, the losses we experience can be replaced by the profit we make from
the coins we buy today.

I don't think that the influence of Elon Musk will disappear by itself, only if state regulators pay attention and take action. Also, investors can stop paying attention to Elon Musk's tweets if Tesla sells all its bitcoin reserves, but I think that in the current turbulent conditions, no one would really want this to happen, because a tweet just about the possibility of this has already brought down the market and it is scary to imagine what will happen to the current market if the sale of bitcoins by Tesla actually happens after the actions and statements of the Chinese authorities.

buy the dip, get rewards later

If there's no authorities will stop him on what he do well we cannot erase the influence of Elon musk and remember he's one of the top billionaires in the world so expect that whatever he says there are people will follow. He take advantage on his influence in crypto market so expect that we will not have a stable state since manipulators always disturb the growth of the marker for their own interest.

I thought that as well as soon as I heard that nonsense about bitcoin not being "green" enough for him.  Dogecoin isn't exactly green itself, yet Musk had no problem hyping that coin up--and yeah, there's no doubt he understood how bitcoin was mined before he publicly lent his support to it before withdrawing it.  It does indeed look like he was trying to manipulate the market for his own gain (though looks can be deceiving, and that certainly might not be the only reason for his quick turnabout).

In any case, bitcoin looks to be rebounding nicely in the past day.  Hopefully the damage that Elon Musk's statements did can be quickly undone, but who knows.  Bitcoin isn't even back to $40k yet.

The deal is that SEC suppose to be the one that can stop him, but that is on stock market. For example, if Elon Musk talked about how "x stock" is good the way he talks about doge or the way he talks bad about bitcoin, if he did that for stocks, that would usually be bad and he would definitely have a problem with manipulation charges from the SEC. However since he is doing it for the crypto world there are no laws regarding that.

As the people who went to crypto because we are done with regulations and the limitations and also the lack of fairness in the stock market world, we can't expect SEC to come help us now, we were so happy about being decentralized and now we are wanting authorities to come help us get rid of Elon Musk? That is not going to be a good look. This is why I think we should fix this and get rid of Elon's influence without anyone else's help.

Now the community already knows what Elon Musk was doing and he really messed up the market with his terrible dump, but we want to know how he will influence his future. If he re-adopts BTC, will this be an effect? no wonder he still has a lot of his community of followers so market manipulation can be what he wants the most important thing is that we have to be able to change without dependence on Elon Musk.

If you are not in doubt, then buy now is still low and will rise again and believe that in the future or at least in June the increase can happen again.

that's what is scary for all of us, when someone has the ability to control the crypto market and when that happens of course he will easily manipulate the market like now, it only takes one tweet from elon musk to increase the price of cryptocurrency in the market and vice versa EM just need one tweet to destroy the market, but even so there are still many people who believe what he said so that it strengthens him, if we learn from the existing history, in the previous year John Mcafee has done the same thing that has been done such that  Elon Musk this year.

It is very obvious that Elon Musk is trying to manipulate the market. As we all know he is a man that knows much about Bitcoin and cryptocurrencies in general, even if he did not know about Bitcoin mining, we all know how he can easily get information about it and know Bitcoin mining mostly make use of green energy (https://cointelegraph.com/news/study-over-74-of-bitcoin-mining-is-powered-by-renewable-energy). The man is trying to manipulate and want his favorite coin, doge to be in place of Bitcoin, even if ethereum has been unable to do that, he will try harder but not achieving that.

He says Tesla will be accepting coins that make use of less than 1% of the enegy Bitcoin uses for mining, although Doge make use of PoW too, but it fit into that category, and used the privilege to form together that false news about Bitcoin. The man is certainly manipulating as he may want people to fomo and buy more Doge.

Also this is one of his tween after making such false statement about Bitcoin

https://i.imgur.com/RL9sJEy.png

This is not going to last long, Elon Musk is having fun with us and manipulating the market as he wants there is no way to deny this, but once weak hands are shaken out of the market and only people like us remains then no matter what he does he will find huge resistance to whatever he does.

If he says something negative about bitcoin the price will hardly move and if he actually sells his coins then there is going to be enough demand to buy it while at the same time he losses influence on the market as the size of his stash diminishes, all in all despite the crash and the money people lost bitcoin will once again show its strength and how it is impossible for a single person or entity to be above it and take control of it.

He is clearly a manipulator or facilitates other manipulators to act. Before he posted his first tweet about accepting Bitcoin as payment of TESLA value per Bitcoin over $60k. After the Bitcoin price drop happened, Elon Musk took steps to appease and the Bitcoin price surged again. I have saved some links of tweets in the links below, please follow along.

Talking about stopping accepting Bitcoin to pay for Tesla's electric cars
https://twitter.com/elonmusk/status/1392602041025843203

"The true battle is between fiat & crypto. On balance, I support the latter"
https://twitter.com/elonmusk/status/1396049547680391168

"Spoke with North American Bitcoin miners. They committed to publish current & planned renewable usage & to ask miners WW to do so. Potentially promising."
https://twitter.com/elonmusk/status/1396914548167233537

Because Elon Musk is rich and leads some big companies, there are always people who still follow him. Even though it has been proven that
Elon Musk manipulated prices for his own sake, Elon Musk still has the influence to be able to manipulate  the Bitcoin market. This is something
the crypto community is afraid of, because Elon Musk can still make the market even more chaotic. So in the end there is not much we can do
but ignore Elon Musk, and focus on more important things. By buying Bitcoin now, because even though the price of Bitcoin has gone back up
to a price of $ 38k. This price is still low when compared to when Bitcoin managed to go up to at least a price above $ 40k again. And I'm optimistic
that in a few months Bitcoin should be back at $ 50k again.

As discussed manytimes in the previous post, this argument is extremely difficult to prove. And that is why Elon is so brazen about his open manipulation tactics. Elon doesn't own any coins directly. So it can't be said that he is benefitting from the fluctuations in the exchange rate of either Bitcoin or Dogecoin. Even if we claim that his friends are benefitting from it, we need to prove that there is a solid link with Elon for these fund inflows. I know that the SEC is closely monitoring the situation, but at this point there is hardly anything that they can do.

So is millions of influencers in almost every social media platforms, the only difference is that Elon has the money and influence to manipulate the market at a really noticeable pace.

It seems that Elon Musk have a silver tongue that attracts many people to follow what he was said on his social media account. He can influence a lot of people but it can't stay for so long. I think people are not stupid nor blind that can't even see the result or outcome of what Elon Musk did. At first they will follow him but later on they will hate him for any reason.

If you have tens of millions of followers on Twitter, your influence will be huge...

We must realize that not everything that is said by those who are influential we must follow because there is certainly a purpose and purpose in saying that. just calmly invest in Bitcoin, without hearing Elon's tweet.

Until now I had seen that the BTC market behaves that way, because from 2014 to 2017 I saw that there was an accumulation stage, after 2018 to 2021, but we are not in the uptrend at all because due to the corrections we could be talking. about a sharp drop before a possible reaccumulation stage is generated, which is quite ingenious, in this market we have not had reaccumulation yet.

But since it can be said that the Accumulation stage usually lasts 3 years, it is likely that by the 4th year benefits will already be obtained, this is what also differs from the Stock Market, since in the Stock Market the important movements are usually every 8 to 10 years, this is why the BTC market is so superior to regret that it has no backing. For now I don't think that Elon Musk has the same market manipulation power anymore, I think that he doesn't have that power.

right, especially if we invest in large amounts, of course, besides having an influence on followers, we will also have an influence on the market. whatever is our movement will certainly affect the minds of many people, and Ellon is doing it now, let alone making the opposite statement in the near future.

Don't forget the multiple fuds that happen in 2018.

It's all the same because popular people are making fuds in order to buy the dip; the same cycle occurs both then and now. It always behaves the same because people are taking advantage of it, getting profit it, buying the dip and selling at ath. Elon just repeating the same using the Twitter platform and people should know that if we want decentralized assets, then don't follow some influential people.

https://cointelegraph.com/news/good-ol-fud-the-brightest-media-burials-of-bitcoin-in-2018

Elon Musk is a master at selling stories. The same thing happened with Tesla. Tesla's stock has been extremely expensive for many years and yet he always manages to keep investors happy and believing the big story. He may be right, the future will show, but he takes away the investors' fear of risk.
And the same thing is now repeating itself in the crypto market. Some call it manipulation, others an overdue development.

Elon Musk can manipulate the market but this ability won't last forever cause people only follow his tweet because of his spot in the world engineering and world richest man alive, I don't know if you have joined the crypto market during the previous ATH market when McAfee also have the same ability which he later looses when he started to abuses his ability the same thing will happen to Elon. Besides, I once read in an article that's losing his tweet power these days.

Most people do not analyze or think long about the negative information circulating in the cryptocurrency world, therefore many people like Elon Musk take advantage of moments like this to reap the maximum profit.
The biggest key to investing in cryptocurrency is patiently waiting for the right moment to buy and sell it

- Agree, everyone's eyes and analytical ability are not a joke and have no value, behaviors are so frequent, it is always an easy point for others to suspect and when the hidden story is brought to light, these powers will no longer be valid. Finally,this world does not lack people who are full of elements such as Elon Musk, once Elon Musk's tweet has a collision and opposes the development of these people,they will do the same, attack back and erase the bad ideas of Elon Musk

I just saw the third tweet, chances are, that he'll claim that Bitcoin miners are turning green, using renewable energy resources and Bitcoin is now environmentally friendly! On top of that, he'll soon return BTC as a form of payment for Tesla cars, not that anyone is going to use it, but it's going to be those important influential news that affect the market creating a huge hype. Yup, we've seen it in the past, and we're definitely seeing it again.

he does not completely control the market with his money, but he also controls the market by manipulating the minds of his followers. this person has nearly 60 million followers on twitter, certainly not a difficult thing for him to do that.

Accumulation stage probably doesn't happen for that long, because we see a ton of drop during those periods as well and you do not see a ton of drops during accumulation stage. What we call accumulation is when people buy small and insignificant amount not to increase the price too much but do it constantly, so if you buy 500k dollars worth of bitcoin for 100 days you have 50 million dollars worth of bitcoin, do that for 300 days and you got yourself 150 million dollars worth of bitcoin (obviously price would change during that period as well).

This means price wouldn't crash all that much, but it wouldn't increase all that much, we have accumulators who keeps the price not too low but not too high. I believe we have one crash, one recovery, one accumulation, one profit cycle and it happens back to back as well, that's why I think we will have crash next trend, no idea when it will happen.

Who said Elon Musk totally controls the crypto market? Till today, I never saw any member stated it. It is only on your preception, no one agrees that Elon has the ability to control the crypto market fully.

He can influence others because he is one of the popular people in the world. Moreover, he has millions of followers on his social media, especially on tweeter. But it seems not to happen a long time, bro. Right now, most people already realize if he has the intention to manipulate the crypto market with his tweets. In the future, what he tweets, people probably don't care about it.

You could say he really can control everything and indeed it's not something that is impossible for Elon Musk,
because indeed Elon Musk is one of the richest people in the world,
with what he did there seemed to be a lot of people who hated him

Any other influencer with such amount could influence the market but not as influental as elon musk. I see the scale of elon's influence in crypto is definitely abnormal, it reminds me of other billionaires that has commented about crypto and no one actually care but elon with just one word everyone going crazy, why? because he's deemed as someone who is proficient in technology, therefore many people who know crypto also follow him. Not difficult thing for elon but definitely not easy as well for other influencers. Elon just has the charm for this kind of thing related to technology due to his company tesla and spacex.

It isn't Elon Musk, person with huge volume of holdings has the ability to manipulate the market. This is why at times there is controversy that bitcoin too is turning to be centralized.

Elon Musk being popular helped him manipulate the market with ease. As said in the above post there is lots and lots of hatred over him, same time there is lot of traders who were praising him. Because, the large scale fluctuation after a long brought them good profit in a short time period.

I don't think anyone mentioned that he is controlling the market, that's the wrong word to use. Manipulating is the correct one. He's got millions of followers on Facebook and Twitter, who are closely monitoring what his next announcement will be, and then proceed to do what he says.

Supposing that he sends a tweet, as we speak, and announces that Tesla will now accept Dogecoin payments, then a large portion of his followers will blindly purchase Doge, just because Musk announced something positive about it. Does that remind you of something? Yup, exactly how Doge was pumped, Musk sent out a single tweet and BOOM! Dogecoin to the moon.

Manipulating = controlling so we can also call that since the purpose on what he do is to control the market by making his follower follow what he likes for the day and he's successfully doing a great job on this so expect more shit comes to him in future since he already see the potential to earn millions of dollars for just a single tweet made by him.

The total market cap of the US Stock market is ~$95 trillion base on a quick google search.
If you will see that, that is a very huge market cap but still there are some who can manipulate it like what happened in Gamestop and AMC.

This just shows that the market cap of the cryptocurrency is smaller by ~95 times compare to the US Stock Market. A few whales is what we need and they can do whatever they want. That is how powerful they are. Add also the power of Elon Musk. He is a rich businessman already and aside from that, he is also a huge influencer to the point that his tweets have very huge effects on the market. Elon has the ability to manipulate it because he has the money and the fame to do it. That is one of the downsides of a young market like the crypto market :).

All of that disappeared when he went against Bitcoin and just one tweet changed everything :D. I assume that the number of people following him decreased drastically.

I'd say that manipulating is an indirect way of controlling the market then, I mean by definition it's something different, but I get what you're saying. Of course and he is doing everything on purpose, he is both trolling and making money at the same time, on top of that, he might be laughing his a$$ off with the current situation.

I don't think crypto is done for Musk either, he'll return soon enough, in an effort to manipulate the market once again.

His followers are the one who moved the market, Musk sparks it up then his readers are the one who really responsible.

If those people behind him are just thinking and not doing things blindly, even he's one of the riches person in the world,
he can't do nothing.

Any action that investors and traders are doing is there responsibilities and not by anyone,
Always do your DYOR it will save you a lot from people like Elon Musk.

Musk was the spark of the hype, but let's get real here. A lot of people profited from this hype, especially Dogecoin's, it skyrocketed and possibly made people millionaires within a few days. Musk of course, is a market a manipulator, I do not disagree on that, but what he did wasn't solely negative nor a direct product of his own actions, he's not evil by any means.

After posting about Doge, people rushed to buy, driving the price to unbelievable levels, some might have lost money during that time, but I guarantee you that many have made quite a few grand.

Yes, you are right. No one mentioned Elon Musk has controlled the crypto market. He has no ability to control the crypto market or crypto industry. It is a decentralized system, so no institution or no one can control the crypto market. The changes in crypto prices should be based on the supply-demand in the market. It is purely the impact of traders' activity in the market. So, what Elon Musk does, is only trying to manipulate the crypto market.

Yes it's true that Elon Musk have the power to manipulate the whole crypto market but mind you it will get to a stage where by every investors will not take him serious anymore and his almighty tweets won't make any impact on the market again, we've seen this happened in the past years, once people noticed that he is manipulating the market for his own gains it's over

You are right, one of the reasons why I know that there is no downtrend stage is because of the millionaries wallets, since they have not moved much, at least those of 100-1000BTC, in the uptrend of 2017- In 2018 , these percentages reached almost 80%, that's when I realized that we were already in an uptrend and then the Distribution stage passed, which was very fast and eventually entered the downtrend stage, of course this happened portfolios millionaires is not a guarantee, but it is a way to verify when in doubt.

Mainly when Elon Musk made such an announcement I checked the millionaire wallets and nothing, they haven't moved much in percentage, which is a good indication, what if Elon Musk made a waste of his own power, since I'm sure what? when I make another of the eventual tweets of him they will not have the same acceptance as him, because there is a lot of disappointment, that is, his manipulation power will not be much.

Its traders action who influenced the movements inside the exchange, the value always rely on supply and demand,

The more who will hold the more the value will go stronger and increase, while if there are pressures of selling and weak holders are being move the value

surely falls, Musk participation is how he treated the market and bring his opinions, those who continue to follow him are the one who's responsible with the market movements.

Even the richest person in the world can't control "everything", he would eventually be ignored. Bitcoin (or in general crypto) is a market with over a trillion dollars marketcap, so whatever he can do himself it will not be enough to change the market too much, in a world where there are tens of billions of dollars per day in volume he doesn't have the power himself to make it go up or down. So, what does he have? How did he changed so much? His tweets, dude managed to tweet and gain a lot of attention to dogecoin and subsequently to bitcoin and other coins as well.

It means if he can tweet and convince others to change the price and buy or sell then he can do it, but if we ignore him then he can't do anything all by himself.

Anyone can manipulate the market as long as they have a strong influence on people. They might not have that kind of huge amount of money to invest and manipulate the market, but if they have the influence, they can easily do that.

Just like Elon Musk, he's able to do this because he has a very strong influence on his huge followers on social media, especially on Twitter. So that's the thing, anytime he tweets good about Bitcoin the news spreads immediately and a lot of people start to buy bitcoin and that causes the market to go up. And whenever he tweets bad about it, the same thing happens as well, the news spreads immediately and a lot of people start selling their coins and the market will crash.

most of traders nowaday are just seeking profit, they don't care about market condition as long as they can make good profit out of it, the thing is they trying to repeat the same history by following sentiment from elon tweet that way they trying to ride the pump and dump train as well making the market always unstable everytime elon tweeting something related to crypto
but can we really blame the trader for following elon? maybe but i think elon is the one who responsible, i think elon isn't dumb to not know that his tweet bring impact, instead he's trying to use it to his advantage.

That's true, because basically the ups and downs of the bitcoin price are not fully affected by Elon Musk, because there are still many investors out there who still store large amounts of bitcoin, but currently the biggest influence on Elon Musk's role is Dogecoin because he has bought Dogecoin in very large quantities

I do believe that the whales do not care about Elon Musk that was never something that should have been a thing that we should care about neither, I am not a whale but I do not care about him neither, that is a fine situation for me, I do not have to care about him at all, why would I care about him?

I mean he is talking and tweeting about stuff but that's about it, someone yipyapping about crypto is not the reason I buy or sell something, I do that because I care about what people do with fiat, yes that is right what I do with my crypto depends on fiat and not on crypto. Why? Because simply I am basically caring about crypto depending on how terrible fiat is doing, the more terrible fiat gets the better crypto gets and that is a fact.

The world is doing horrible in economy, many people are trying to excuse the current situation but reality is that we are doing much worse and there are a lot richer people, get the top 10000 richer people and drop their wealth by 25% and we have a 2x better world for ALL the people. Crypto will get only better and better in the future.

With the kind of influence Elon musk his having and his money I believe he has the ability to to manipulate the market, he can pump any coin at any moment because he has the money to bag lot's of the coin and will definitely pump the price of the coin and if he can Tweet about a coin definitely people following him will start baging the coin which will lead to increase in price. But the only thing I believe is that if he those not stop posting anyhow he will definitely lose his value and respect if will reduce the way people will be listening to him so he just have to reduce the way he post anyhow.

Of course, with a very large purchase, it will have an influence on market movements. and this is very natural in the market. so after that a few words from Ellon can influence many other traders to move in unison. And in the end, Ellon is the one who benefits

I think a lot of people with a lot of money is going to be able to manipulate any market if they want to, they have the influence and money and I think that not using it to their best interest is a pretty stupid way of handling power. I would be more surprised that Elon doesn't manipulate the market because he feels bad for the people in the market that he doesn't even know exist.

The words of Elon is powerful to his followers thats why whatever he says they're taking it seriously as their sign of what can happen in the coming days.

Its not only about his money, but more on his popularity as an entrepreneur and as a ceo. Rich people can manipulate the market but its a plus if you're also an influencer and popular especially on social media because thats where you can attract other people to follow you and believe on what you say.

Influence comes with money so I am stoic with the fact that Elon has a lot of money, that's why he can manipulate the market, the influence is just a bonus add to that his outgoing and approachable personality, you get yourself a lovable sociopath that knows how make money in the market.

That's the problem that we are talking about right? I mean there are people who are willing to let him be the king of what he is doing and that is not something we should be allowing him to do. We are talking about something that is dangerous to crypto world and somehow we are all fine with it? I do not believe that he should be that much powerful and we should stop caring about what he is saying.

Unfortunately he has a ton of followers that listen to what he says and does what he says and that is why it is a very dangerous situation for me and all the people like me, we do not give crap about what he says but we have to live in a market where he dictates things even if we ignore it because others won't. Just because he is a rich business person doesn't mean that he should be cared, being a rich business person doesn't mean you are great at market or coins.

Elon Musk has huge credibility in the market regarding new innovation and technology. As he is viewed as one of the top leaders in the business/industrial sector including technology, people tend to follow him. This is just human psychology. We cannot change this as the number of people who follows him blindly is huge though this is stupid.

Though I doubt he wants to destroy the crypto industry as he is likely inclined towards this technology. Previously also he did something which made the price of his own company shares fall drastically.
Also, the fact that people are thinking that he is a whale in this crypto field is inevitable, which is somehow misleading and making people think that he is the only one who can change everything but there are many whales who are impacting the valuation. I hope people take their own decision regarding anything, the actions of influential people should be limited while taking decisions.

He does have the money since he wont really be able to claim that richest man in the world if he doesnt have those funds even though is ranking slapped out on lower but still considered to be financially capabled on influencing whatever market he would tend to engage on.

You can do everything if you do have the money and its indeed true that popularity and influence would just a bonus and this is why we should be mindful on how to take those shills and calls that he do in the market.

Its neither it would be beneficial for your part or would turn out to be manipulative. Impression would really vary on how he did make an effect on you and if it turns out to be negative then for sure you would be giving out criticisms.

I've always said this but personally I think that its pretty much a one night stand for Elon in crypto ( bitcoin especially ) rather than a long term relationship. He will eventually cut his ties with bitcoin after he get enough from it by making several lame excuses again. This guy has tons of projects and in need of a cold hard cash so selling bitcoin is one of the way to generate that.


Popularity, if it is all about money then most of those folks would follow Microstrategy instead because they hold alot more bitcoin

According to experts, Musk's influence on the cryptocurrency market is far from over as Bitcoin's fate is still tied to the Tesla CEO's tweet.

Elon Musk has helped make crypto more mainstream in the eyes of Wall Street investors. However, now every share of Musk on Twitter scares them.
The price of  Bitcoin  was blown by about 25% in a week, partly due to Musk's attention-grabbing tweets as well as the harmful effects of Bitcoin mining, and later in favor of Dogecoin.

Elon musk a big name and as you can see he handles a lot of different investments, organisations, companies and those are the keys to gain popularity and trust of the people by this kind of strategy he can easily manipulate the market by making different actions recently we saw what I do to the market dump of the coins because not supporting of the bitcoin payment to their tesla at the same time we accept it again he is just trolling the market many people get affected on this. We can't do anything if we are just a small-time investors so always keep aware of the market news and other things so to prevent losing for an unexpected dumps.

I have said this before, I will say it again, and probably will keep saying it in the future. It is not about how rich he is, it is not about his business, it is not even about his fame that he is capable of manipulating the markets, it is his suave with people that allowed him to be like this. What do I mean? We have heard Warren Buffet talk about how bitcoin is bad for the past 5 years, dude is one of the richest people alive and at one point he was the richest person alive, he is known all over the world, and his company owns companies, he has a finger in every nation, and yet the price didn't fall just because he doesn't like bitcoin.

It means someone who has exact the same stats as Elon couldn't manipulate the market, and Elon was capable of doing it, why? Because on twitter dude managed to rise himself up to a level where he is listened, that is what made him capable of manipulating, sure his fame and money and success played a HUGE part because without any of that he wouldn't have the chance, but he didn't just said "there is this dogecoin and I like it" on an interview in good morning america and manipulated, his twitter talents brought that manipulation to a new level.

He may holding huge amount of bitcoin.He had a good social exploture.It's reason for his visibility compared to other manipulators.But we should not follow such manipulators.We all should avoid his words,instead of blind accepting.We are the market,not the Elon alone the market.Crytocurrency was lead by market and not by manipulators.

Elon Musk still can manipulate the market very easily. And he did it some days ago. But surprisingly, it wasn't too affective this time. I started thinking like his power was weakening. And I hope it is. Because I'm really fed up with his manipulations like many people.

The fact that Elon already prove something in business and in economy will determine how many people will believe and trust in him. Whatever his way in investing will depend on him. Lucky those who are able to ride at the time his tweets reach many supporters that join crypto, can't deny we're able to earn from it. He is a business man and Trading his investment is his choice. The dump may effected because of him but for sure it's not the end for the market with or without him, adoption will happen soon.

It's just that Elon Musk, with his rash tweets (and perhaps very deliberate tweets), is causing a lot of chaos in the market, and it's even surprising that state financial regulators turn a blind eye to such things, because when Musk did this with the news about Tesla, the regulator reacted harshly to it. This can only be explained by the fact that the market is relatively young and the regulator has not yet developed a response mechanism. It is clear that the position of such an influential person resonates and arouses great interest among many small investors, but often there is a strong impression that Musk deliberately manipulates the market, which is punishable in traditional markets.

As far as what I am seeing every time he is tweeting about cryptocurrency and his diamond hands, the market is having a difficult situation and that's why I am agreeing in this thread that Elon Musk has really the ability to manipulate the market but on the thing that manipulating the bitcoin market? I doubt it because there are so many big whales in cryptocurrency wherein he can not easily make the market dumps.

Those big whales who makes money each time Musk do something or tweet something,
it's not a secret that there's really movements when he create some noise about crypto,

Whales are just watching him and check if what opportunities they can gained from what he did,
either riding with him or go to the other side,

Whatever ways they take surely it always brings them the benefits, Musk can compare as spark
plug the direction still rely with those big investors around.

Well, the difference is when you talk about how "euro sucks" there is nothing that authorities can do, even dollar is probably fine but let's keep it guaranteed, if you tweet "Zimbabwe dollar sucks" nothing is going to happen to you anyway. Hell you can tweet about GME because everyone does and as long as you are not owner of gamestop or the CEO then that is going to be fine as well.

However dude tweeted about his own company, he joked about each stock being worth 420 dollars (4/20 weed day) and the price of the stock went up a ton during that period, now it is much higher than that but at the time it wasn't at 420 so it was an illegal thing. Simple fact that you can talk about euro, talk about Canadian dollar, talk about other stocks but you can't talk or joke about your own company, that is just not allowed and it does make sense to me as well.

Elon's words were like a virus that immediately spread to the market.  Even on June 25 yesterday, only tweeting about Shiba Inu in 24 hours the market went up on the coin.  Yes, the power of whales is unavoidable.  Who is to blame here?  Whales or followers.  They continue to create a market towards a zero sum game.

I'm not sure who is to blame in this situation. I think this is a win-to-win situation because both the pope and his followers have the same desire for profit. But what is different may be the impact of the rising pattern which seem to be manipulation by the whale. So drop more of your money in the first place then earn more when others start increasing their demand. I'm sure you know what someone mean by announcing "I bought $1 million xxxcoin today and want to buy more in the future".

These experts are none but self-proclaimed idiots who believe that they know more than others. I don't know how suddenly everything has come on the shoulders of Tesla to carry bitcoins while everything was moving swiftly earlier without even the intervention of Tesla in the market of cryptocurrencies. I know if tesla accepts bitcoins surely it helps the price but it should not be visualized in a way that if Tesla doesn't accept Bitcoins, suddenly the market will close and bitcoins will due. The fate of bitcoins can never be decided by a single person or company. Banks failed to stop crypto so I don't have a reason to believe tesla can do that.

Yes Elon Musk has been able to manipulate the dogecoin market and up to an extent, even the bitcoin market, but if you dive deep and look out for the reason, it is us traders who follow him so blindly that whatever he says, we react exactly how he wants us to react.

Not just Elon but any social personality can influence the market, after all, that is what a social influencer is meant to do. Earlier whales were doing the same thing but not with their fame but through sheer capital they were manipulating the market.

The thing that terrifies me the most is that Elon, although among the richest, is not even using his money to manipulate the market. He just makes a few tweets and people get crazy which makes me feel like no matter how large the crypto market is, there is a certain distrust among us traders towards cryptocurrency and the market is hollow inside while the market cap might promise a lot.

your sentence is wrong because Elon is not manipulating the market but manipulating the minds of investors who are in the crypto market
But the good news is, over time, Elon's tweets have started to be ignored

crypto investors think it's just a childish tweet that has no stand
Elon is just an ordinary person with a lot of Twitter followers :D

Yes, the desire to manipulate prices does exist. But I think it's not sustainable on long run, because many people who followed celebrities like Musk in the past have already lost too much money due to the market's fluctuations, what compromises the reputation of the popular individual advertising he bought nice amounts of any coins.
People who followed Musk recently aren't going to keep doing this, otherwise they are fools who like to lose money, while feeling pleasure in being sheep of someone else. Clever guys who try to manipulate the market may think they are going to be benefited, although the reality can be quite the opposite. Nobody likes manipulators besides their own sheep.

It's like a saying mentioned in a thread's title at gambling section: "It takes years to build a reputation and seconds to break it".

People are too FOMO what Elon Musk says that it will affect the market very quickly. Elon Musk can say anything whether he want to make a profit or just having fun but the irresistible reaction in the market from other whale has increased the number of FOMO people in the market. This could mean that Elon Musk and other whale could take the decentralized nature of crypto out of people's mind I assume. As for who is to blame, I think it all depend on the perception of each of us.

Both sides are into profits, they just wanted to create impacts and they really good in working with influencers like Musk,

in the other side knowing Tesla owner's characterisitcs which by far always wanted to gain money,

it's on the hands of those followers and people who loves riding with the market. Your money depends from how you play with your trading / investment strategy.

Exactly, the power and influence that money brings has been sought after for centuries and for another centuries to come. If we are mindful of this shills, I think you might be able to make some money or profit out of it remember that no matter how much your dislike the trend in the market, getting in that trend is going to be the best decision to do since trends can make money.

Profits that are very risky for followers if they take steps to follow the words of whales like Elon.  There are many wiser steps in taking advantage not only through such means.  If the investment climate continues to be filled with price manipulation, it will not be good, there will be many who suffer losses and there will only be 1 winner.  When manipulation occurs, the earliest momentum will gain profit.  Life always gives such choices in the end.

Today Twitter is trending with the Birthday Wishes to Elon Musk. The ATH value of Bitcoin reached once after Elon Musk entered the market. His entry itself a big game changer in the market and more holders profited out of it before he made the consecutive support to dogecoin. Now once again for the large volume buying some negative things were taken into discussion. Once again he'll pump it once after the purchase.

In general, I think that people like Elon Musk are needed to voice this or that information of major players. Elon Musk himself is more like the actor who plays the role. Indeed, after his statements about BTC, many realized that he was not an independent player and that it was not safe to believe his words. But as we can see, the stake is placed on media personalities, because they have a large number of followers who trust them and spread their information.

In fact, not only Elon had such power.
Remember, at one time Justin Sun managed to understand well the price of his Tron coin thanks to the most interesting tweets,
then there was a correction, and justin himself got into several awkward situations, and it stopped working. Elon Musk is now in a similar position.

He really had the ability to manipulate the market. But it looks like hasn't now. His single tweet was enough to change things in the market. But I realized something that his tweets are not effective anymore. It's really good news, guys.  :D  We'll finally be starting to be relieved. Investors have been complaining about him continually.

This is Elon Musk's latest tweet about the meme coin and nothing happened to the price of the meme coin https://twitter.com/elonmusk/status/1410529698497630212.  people no longer want to believe in Elon, buying a meme coin ^(shitcoin) promoted by Elon will only make you lose.  Elon effect has dimmed :D

That's true. Yesterday his tweets hasn't made big change in the market. Once after the tweet there is sudden rise in the market, but the same fell in a short time period and still there is growth with baby doge. By the time if there had manipulation from the respective team behind the coin there could've been some bullish trend. Anyhow it is a good news that one isn't able to simply drive the market as they want. Another thing his tweet on doge hasn't made any move forward.

he is because he had lots of followers and your right , it did not last long for btc but he moved in dogecoin .
 there are some manipulation left in doge but not as active as before  . people have learned there lesson already or it was only the effect of  the bear market .
i dont panic but it sucks because many still do it and it affects the price of the coins that i hold  .

Not can Elon Musk just manipulate the market, but his influence transcends from every investor which ultimately controls the prices of either the stock or the cryptocurrency market.

I remember, Elon Musk tweeted about his support on DogeCoin and its price skyrocketed. When Elon also expressed his opinion about BTC, its price decreased. His influence in the market controls the decision of most investors since they believe in his motive.

he is just temporarily manipulating and hitting and psyching traders like us so stay calm and patient i believe everything will be fine

Elon Musk had the ability to manipulate the market and he still has it. But just not that powerful anymore as it seems. His tweets were very affective on Bitcoin and the market before. But I don't see that the price gets affected by it much anymore. That's good news too! Finally, investors will be more relieved about their investments.