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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?

If he was just “pumping” Bitcoin, then why didn't it dump? When a rich person manipulates the market, he only does it temporary. Just like now, that he's presenting Bitcoin as something bad. This isn't going to last long. I'd rather consider this as a correction, brought to us by Elon, than a dump.

But besides that, why shouldn't we be fine when a person tweets that he's in agreement with something we've all put our money on? We do know that it has a bright future and any extra words that will increase its value sooner aren't going to be seen as a “pump” by me.

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On the other hand, dogecoin doesn't provide anything. It's just a fork that won't last long. We may observe some market craziness, since their community is quite bullish (and toxic). I won't be surprised if I see this meme coin passing Ethereum in market cap. (Sure, short-termly)

But you know what would come next...

I wouldn't say he presented it as "bad". He brought up some valid points, like a single power outage in a remote part of China causing a mining corporation to go offline. Which caused 35% of the total Bitcoin network hashrate to drop.

This is far from the decentralized original idea of Bitcoin. He has a valid concern.
A few gigantic ASIC miners have hogged up the vast majority of the total network hashrate. Small individual miners, mining in pools, are now maybe ~5% of the total global hashrate.

It didn't cause 35%, but a 16.5% loss of the exahashes per second. As for the single power outage, it isn't a sign of centralization the fact that a country faces coal disruptions. If you search it, you'll find out that other cryptos had their difficulty decrease as well, but their difference was smaller compared to Bitcoin. It's just because these pools work more on extending Bitcoin's chain.

That was the actual concept from the beginning! I'm quoting:

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Of course and he has a valid concern... of keep getting richer! How can this not seem suspicious to you? Tesla buys $1.5B bitcoins, starts accepting it as a payment method for car purchase, then the Bitcoin price rises and oops! They aren't accepting it anymore because of its environmental effects while the majority of the hashes comes from renewable energy sources...

It so obvious that they want to buy the dip.

As for Dogecoin: Around 65% of the coins are owned by whales and big investors. Doesn't it stink to you that he promotes it and wants to purposely send it to the moon?

Do you think that Elon bough (as Tesla company) $1B worth bitcoin without researching it? Every point that he brings now was well known by every investor and by him in the moment of his investment. He is just fudding now for his own purposes (short term price manipulation).

Whoever thinks that Elon is surprised by BTC energy consumption or BTC decentralization now ... months after financial decision of purchasing 1B worth bitcoin is crazy. Everyone who thinks he is fudding before selling his bags is even more crazy.

BTW:

https://www.dw.com/en/tesla-shares-tumble-as-musk-says-companys-stock-is-overvalued/a-53308317

Elon musk saying that Tesla stock is overvaluated ... TSLA @ 160$ back then. It pumped to 900$ 8 months later.

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 8)

When people start losing their hard earned money is when shit hits the fan. Elon has turned from their messiah into a villain in merely days. I had spoken against his manipulation of Doge and BTC earlier even when it was positive, I will speak up against him now with negative change. He isnt good for the crypto community as he doesnt even understand how it works. All he knows about is money and how to make more of it by using his influence. There needs to be some sort of action taken against him for the manipulation he's done so far. Maybe he knew he could get away with this with no stern regulations put in place for crypto. 

That's too easy. No matter which market you choose, everything is "manipulated" by certain factors. Just look at stock markets. They are not so high because the economy is doing so well, but because the central banks are throwing extremely cheap money onto the market and thus driving up prices. In the crypto sector, one such factor is Elon currently. Back in 2015 and 2016, it was partly China. I still remember phases where crypto prices had plummeted massively just because China allegedly wanted to ban crypto. Every time has its manipulators.

That's part of the business! Deal with it or stay away!

i think this isn't a dump from ELon, i might be wrong, but im buying this "dip".


 ;D

I never think that bitcoin should be dependent on one man tweet. He tweets positively about bitcoin and market pumps. He tweets negatively about the dumps and the market dumps. That's not how the market should behave and react on his tweets. This is not good for the overall crypto. The market should grow naturally without any single man influence.

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

You have to be optimistic about what you hold, I am sure if only one coin you have, call it bitcoin, is not a big matter about the decline of the market from shrinking the estimate, it is natural, this is still a fairly large correction, but remember all this will end with recovery where the threshold of bitcoin will stay safe in the future except for altcoins.

Apart from the much news that Elon Musk has influenced bitcoin a lot and the doge has become a habit for him to continue to make history in the changing crypto market, examples such as doge from small to big prices are only natural if he does so.

But remember to keep the bitcoins in your bag and try again after recovering this is not the end of any dump attempt.

I can't agree with you more on this issue of Elon Musk tweet and it negative effect on Bitcoin, it just a phase in the history of bitcoin and we will remember this time later in the future and smiled that we are still holding bitcoin because all is plans won't last.

Probably the best comment I've seen on this topic in recent days!

Rich people, including Musk, do what they know best; make more money - for themselves. What makes anyone think his tweets can be of value to anybody else but Musk?
The best curse of action, if Musk says Bitcoin's good - start selling, if Musk says Bitcoin's bad - load your bags with even more coins. This is probably what he does as well!  :D

Market Manipulation was always bad.
First of all we have never seen market being Manipulated this fiercely and this out in the open. Did you see any legit whales in the past trying to do everything that Elon Musk is doing right now ? Most of the times we have dumps and crashes without knowing since all the whales had like a secret society I believe but right now the person is actually doing all this out in the open.
He is saying all these positive things about Bitcoins a month ago and at the same time buying them like crazy and guess what ? ... Didn't he realize that it was inefficient with the energy like years before ? What was this sudden realization and dump ? He just made a profit out in the open and now he is running away to doge coins.
It had been illegal since the time being.
Well at least I will give pros to the man for actually telling people to buy doge since he is going to pump up the price.. therefore I believe the small Investors can get profited here but at the same time that does not make it any better.
Anyways he is going to dump the bitcoin again like everything they have soon and then apparently he wants buy them again -_- read the tweets be post.. I thought he is an intelligent guy , but alas.

Elon is not the major player in the crypto market, it the naive investors that use his tweet as investment advice that make him feel like a super man but he still can't manipulate the market this big.
Nevertheless, there's alot of things that help the current dump in price of the market though Elon exit tweet and those things that cause dump happen almost the same time that's why we are experience big dump now.

In any type of investment, manipulation was there not only in crypto.

It is really funny how it works and Elon Musk doesn’t give a damn with cryptocurrencies before, but due to the people’s demand, he decided to try it out and find cryptocurrency as brilliant.  But for me, I don’t think we had to worry about it.  Elon Musk is equipped with a lot of best advisors on his payroll that would help him strategize their decisions.

It is funny as on the other side when Mark Zuckerberg posted a picture on his Facebook account with his goats and has a caption with their names and they were called Bitcoin and Max, we all know that it was one of the greatest moves on how not to be sanctioned but still let the people know that they have to invest in Bitcoin.

People aren't just angry that Elon Musk is criticizing Bitcoin, it's the fact that he does so with poor-researched arguments that have been around for years. His latest tweets about Doge's blocksize repeat the same position that was voiced in 2017, and we all can see what happened to BCH and BSV. The climate argument is also nothing new. This isn't even a manipulation, just very erratic and childish behavior.

Well, manipulation is bad when that someone who manipulates knows nothing about crypto. Just recently he tweeted that he is going to make doge 10x faster than the 1 minute block time. By this comment alone, how did he come up with that upgrade without thinking of the ecosystem balance?

And then comment that BTC is centralized. The only reason why it's centralized is that he has money to make it and his followers who are dumbed enough to follow him.

Expect for those things to happen because this market is highly reactive when it comes to news or simply with fundamentals depending on the person/company is trying to make out some sentiments

neither a positive or negative ones and this isnt something new if you've been here on this market for a while where these things do pop out from nowhere and viola the market made out some

movements but doesnt mean nor precisely direct out on that certain news because sometimes market doesnt really react from time to time.So its really hard to tell.

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.

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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.

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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.

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.

[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.

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.

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?

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.

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.

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

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.

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!

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. :D
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.

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.

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.

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.

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://bitcointalk.org/index.php?topic=5333762.0 (https://bitcointalk.org/index.php?topic=5333762.0)
https://bitcointalk.org/index.php?topic=5315718.0 (https://bitcointalk.org/index.php?topic=5315718.0)
https://bitcointalk.org/index.php?topic=5336007.0 (https://bitcointalk.org/index.php?topic=5336007.0)
 
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.

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.

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.

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!

Elon Musk's tweets are definitely an act of market manipulation to the very beginning but the BTC community or the majority of holders does not give a shit since Elon Musk is doing them a favor of pumping BTC but when things turn out differently everyone gets mad at him. We've been fooled by Elon and its only a win-win situation for him so lets hope BTC will recover soon.

It is not the market that is to blame here, but specific people who blindly trust influential figures such as Elon Musk. This means that people still know little about cryptocurrency and how the cryptocurrency market works. We just need to get through this. In the future, this market will no longer react so strongly to such tweets.
As for Elon Musk, I believe that each of us has the right to express our opinions about the cryptocurrency. People will learn more about their idols.

Elon Musk is someone who increased his wealth by 1000x by investing in the right asset at the right time. So it is only natural for large number of people to follow what he is doing. If someone had such a fanbase, I would naturally expect him to behave in a more mature way. But unfortunately Elon Musk is exploiting his followers by changing his stance every now and then. In the end, people need to learn that billionaires such as Elon cares only for himself.

Why is it frowned on, when "influencers" or "celebrities" comment positively on Crypto currencies, but when a old farts like Warren Buffett or Bill Gates's negative comments are plastered on social media, then nothing is said about that?  Is it because they are filthy rich and people follow them like sheep?

No my friend... market manipulation goes both ways.... When these old farts smack talk about Crypto currencies... they directly try to sabotage Crypto currencies ... to deter people from investing in Crypto's..because they want those funds to go towards their invested options.  >:(

I think that calling an influential person's tweet about an asset something illegal is a stretch. He had the right to write whatever he wanted about Bitcoin and about Dogecoin, but I'm honestly disappointed with his actions right now. He wasn't a reliable crypto supporter before 2020, causing a lot of confusion with his mix of positive and negative thoughts. However, I truly believed that he changed his opinion about Bitcoin fundamentally at the end of 2020, seeing that it recovered successfully and established a new ATH. But then in May, he's suddenly back with his uncertainty, first discontinuing BTC payments for Tesla, and then implying that his company might sell their BTC. It's unfortunate, but I'm sure Bitcoin will recover eventually.

because everyone wants more pump but to encourage elon to tweet ?
 no way elon will follow to an ordinary person but he is smart and knows what he is doing . what can we do is to wait and watch his next tweet if the tweet is positive or negative but the recent tweet has a negative impact on the price of bitcoin .
market manipulation has never been a good thing but people tolerate it if they can earn and not if they will lose

Well that’s just it, people are never happy when you speak against what they like especially when it has to do with their money. By him tweeting good about Bitcoin that means the price will be increasing and that means more money for cryptocurrency investors, but the moment he starts tweeting bad about it a lot of people are not going to be happy with him because they know that they are going to be losing their money when the market starts to crash.

But, what Elon has said is not something new, a lot of people have been talking about this same thing for a long time now. I’m just thinking if he’s just getting to know about that or he has known that all this while but kept shilling these coins just make his own profit and then dump them later. But things have changed now, renewable energy sources are mostly being used these days.

Well, that is how a decentralized market full of idolaters works, sooner or later it becomes centralized around a disgusting figure anyway. The issue isn't a big player trying to manipulate people (if we can really call this manipulation), but people letting themselves to be so easily manipulated by a selfish joker. I think first of all the sheep should be blamed for being fool.
Opinions, half truth and tweets will always exist and people behing them have their own personal reasons and interests to spread them on the internet. Those who receive these informations are the ones who need to absorb what is worthful, while ignoring or throwing away what is biased.

Both are manipulations. Who will guarantee that through the dummies who did not shine all this time, this person did not profit from this? It is clear that after public statements he would discredit himself if he sold everything, but already selling 10% gave the market a signal a little earlier than subsequent statements. However, the fact that it was contradictory and stupidly done speaks for itself. I would not trust such a person in the future, but everyone decides who to listen to him and whom to trust.

Many wanted to follow the footsteps of a rich ones. :)
I respect the guy but not his followers. It is just showing that they're being controlled by these people.
What if others like Bill Gates or Mark Zuckerberg claimed the same? Heck, even Mark named one of his goat Bitcoin. I wonder how do other people from Facebook react from that? Will they know hoard on Bitcoin? :D

Are you really going to support OP and lie that everybody wanted him to pump it?

I was happy when he had invested and thought a rich guy supports the project that I root for. I felt good, but It wasn't a pump by him. If he bought he had the right to tell the world about it and it's the same about him selling, I'd be fine if he sold and tweeted about it.

The problem with musk is he's making up false statements about Bitcoin and suddenly acting like it's a bad investment. He's confused and probably bipolar. That's why his stock is falling. He's not fit to run a company at this point.

It is obvious that the declines experienced badly affect people because of elon musk's promotion of bitcoin as bad and manipulating bitcoin from now on. many people lost their money and all this happened because of elon musk. The manipulations he made for the Doge were not enough for him, and he began to manipulate bitcoin. should not continue this.

Of course, that's exactly what Musk is doing with his uninformed statements. And Bitcoin suffers for it.
Musk is a very smart guy. He makes lots of good points. But this is a man who is highly emotional and somewhat sociopathic in his short fuse. He has a long history of making wild and erratic claims to pad his ego, feed his ego, and get a rise out of the media and his rivals.

He had impact on his tweet or any his statement on twitter but still if he doing it for bad purpose like trying to manipulate crypto market or people faith on bitcoin or any crypto . he just like mcafee even mcafee didnt want to ruin bitcoin market with his statement .

Elon Musk has barely had any influence since he tried to manipulate the bitcoin market, and it's been discovered he wants to make the top doge. I think that's the intent of Elon Musk's arrival.

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I think bitcoin will stand at $35k and hope Elon Musk doesn't do it again. currently bitcoin is weak enough to rise. Expect the market to recover soon

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Elon Musk is not out of cryptocurrency, but switching to doge coins. But, he's in control of the market at the moment, Elon Musk's confation on the poor environment about bitcoin is one of the reasons why people hate Elon Musk right now.

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I think that the market will recover when people will stop panic selling. But, some people will try to cause this panic or dump on purpose to buy cryptocurrency as low as possible. I think that we have entered accumulation trend right now and the price will recover only when it will be enough. I dont expect a quick recovery, I expect market to be flat during whole summer and only in Autumn things will change to a uptrend or downtrend.

We are well past that time period where small time investors will have any impact in the market, when institutional investors are dominating the market you need to understand that they will book their profit whenever they feel that they had the planned profit and the correction is not just panic selling, there are many that are booking their profit and then there are other factors from different government especially China recently which is dragging the price down.

I'm so happy seeing these rich people entering crypto and bring positive and making hypes but behind these things, there is something unfavorable plan towards us. And the result is that the market fills with price manipulations and more.

Bill Gates, Mark Zuckerberg, and Elon Musk, these people are greedy. They are apparently smart and wise people but there is no way to allow them to control the market. It could be the time has come that people never appreciate their hard works but becoming their haters, not their followers and supporters anymore.

Elon isn't the first market manipulator so far, before him there had been so many influencers in the industry, he is just performing some sort of childish behavior and manipulating the market obviously, it sounds stupid to me when a renounced and reputable man will praise the usage of bitcoin and at some point rejected the same thing he praised in the past.

Elon is just there for profit, riches doesn't last forever, we would have another influencer in the future, it's a turn by turn game, it's his turn, let him manipulate the way he likes and let him know this crash will end sooner.

Only new users will act like that it's pure manipulation because all mature traders/diamond hand hodlers know, this type of 30-80% correction is nothing compare to the previous bear markets which we already experienced. Also, all diamond hand hodlers already made criticism when Elon started to make tweets to pump the market. Not only this, we also make awareness about dogecoin, not to hodl it as anyone could rekt for that. So, Elon Musk is just playing around and nothing else as bitcoin will stay for longer time and Elon won't stay in this market for longer period of time.  ;)

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.

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.

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.

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

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.

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.

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.

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.

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

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

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.

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.

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

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.

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.

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.

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.

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.

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.

Yes it is decreasing day by day... You need to wait for it .. because in the long term it will help you Alot ... So don't be sad just wait for few months and then it will rise again....

Ha ha  :D You are absolutely to the point. This might give a heartburn to a lot of people.

One thing that we need to take account of is that Bitcoin and Crypto markets are still not mature enough. Any single tweet from a celebrity can cause a jump in prices or a plunge in prices. Therefore, until we reach a more mature market for Cryptocurrencies, we have to be wary of these kind of situations.

It is simple nobody would want to acknowledge it when they are also gaining from it but when things turns bad they would look for someone to blame on.
People would only look on it when things are going bad they wouldn't acknowledge it as long as it would be good for them unless they want to be criticize by others for bad mouthing someone who is doing good on their eyes.

I think that today Bitcoin and other crypto will rise again, as long as I see the market cap for the market. There are at least 30B USD has entered the market. It means that recovery has been end for this money support of whales. They really wait for this ocasion, because they can buy at the dip and sell at the top then get the profit.

The present condition of the market is not just all because of Elon Musk. Yes he is trying to manipulate the market, but we should never forget too that the market alone is very volatile. So we should always expect for sudden jump or plunge of the prices.

We are currenty in dip right now and it saddened us particularly for those investors who just came in when bitcoin was still in its high peak. But we should not resort into panicking just because of this. Bitcoin  will have its own time to rise and its already proven with its past struggles from long bearish season.

In manipulation, there always the M factor as a result of overall FUD and FOMO. And this M factor is Management, of Media, by Money.

Media has that much power to make anything identical overnight, even can destroy too. Very important thing how you look towards media. Now with social media, anything can be possible as usage and competition of already well-established social media such as Facebook, Twitter, Reddit, Pinterest, Instagram, Telegram, and many more. These are not only social media but also great platforms to reach a targeted mass audience by spending money as everyone offers paid advertising.

As he is a big influencer and billionaire, many people will follow his words. I think some are realising this now that Elon loves to troll. It is sad, but many will still follow his tweets as they hope to gain a profit.
I don't know why he is doing this, but he loves to troll people for sure. Manipulating the market is a huge issue, especially if its use for personal gain.

it could also just be Elon on heavy dope that he found under pillow in the middle of the night, smoked it and decided to tweet a bit. I don't know if we aren't attributing too much of the market action to Elon's tweets. I mean sure he is a multi billionaire but does it make sense that he can cut Bitcoin's price almost in half by saying Bitcoin uses too much electricity?  ???

Market manipulation has always been a detrimental thing to the prices of cryptocurrencies. In a good way or bad way, the market actually shouldn't be affected by anyone's actions, tweets etc. . But I don't know if it is possible to see in the future.

People quick to follow on the shills and trends of people who are influential enough to swoon the many are the ones to complain when things get awry. I would admit I am a fan of Elon and still currently am because of the measures he takes to help advance the science of this century. But in hindsight I was aware that he may do something like this in the future, and I wasn't wrong. He turned 180 against bitcoin and backed a seemingly useless memecoin instead of something that has a very good use-case token.

When Elon musk started posting about bitcoin people where really happy and wanted the man to post more about bitcoin so that it will pump more but I really believe elon musk posting about bitcoin is not a really good idea I believe is just a manipulation of market which is currently happening now, but I believe with time bitcoin price and other altcoins price are going to be stable and bitcoin is still going to pump hard but is just a matter of time.

Honestly, I always thought that Elon Musk preferred Doge to bitcoin because Elon is a man who likes to attract attention and the meme coin makes more attractive.
When Michael Saylor replied to his tweet I thought we could have won an ally but I was not so convinced. Then came the change in his bio "bitcoin", soon after bitcoin no longer appeared in his bio.
Hmm, bad news to come.
He started tweeting about doge and I assumed he was no longer supporting bitcoin.

Who knows if he prefers Doge over Bitcoin, I think he just wanted to make fun of all the lemmings in the market. He can tweet and everyone follows. Maybe he himself was surprised when he realized how easy it is for him to move such a big market. It shouldn't be that simple for him and it is unreasonable for investors to dump because of short messages a person posts on social media.

Elon Musk? Nobody listens to him after trying to manipulate the market and leaves the situation getting worse. If ever he wants to help for the fast recovery, he better not make a tweet about it otherwise, it criticizes like a joke.
Much better to keep calm, just sit and wait for the recovery as it was found helpless blaming someone like Elon as it was done already. I know this will not the last time that manipulation will come, there are more coming, we still don't when and who did it. But at least we know already what will be the consequences and its impact on the market. 

The best thing to do when the market bleed is to sit back and enjoy the show. If you want, you can use this opportunity to accumulate some cheap coins for yourself. But this is not the time to sell any of your holdings. As we have seen on numerous occasions before, as long as the basics remain strong, the prices will recover (especially when the correction is caused by baseless FUD). At this point, it is difficult to say for how long the impact from China and Elon FUDs will last. Hopefully we'll be back to 50K by next month.

No one's really saying that what he does is illegal but many normal investors are being affected by the way he manipulates the market. Maybe it would be best if he just became neutral and didn't do anything at all with regards to dogecoin right after abandoning bitcoin because his motives are clearly shown by his actions. There are many people who are worried right now but I would tell you that instead of worrying, take it as an opportunity to buy while the market is currently bleeding and you will soon benefit once the market has finally recovered.

Bitcoin is a decentralized cryptocurrency and its popularity is growing worldwide. Through various ups and downs, various types of cryptocurrencies, including Bitcoin, have reached their present state, and cryptocurrency acceptance among the public is increasing. It should be noted, however, that the growth of cryptocurrencies requires time and widespread public acceptance. So it is unreasonable to assume that the value of cryptocurrency will continue to rise due to positive comments from individuals or organizations. In the current scenario, Elon Musk and other beneficiaries have taken advantage of the current situation and those who have invested in the market trends are losing even if only temporarily.

For me its an opportunity to buy in market now because of dip price, then I hodl. Elon Musk maybe have influence some investor, but many investor also are rich like Elon. Buy now the dip of market for sure will end rise again.

The person in the spotlight of market manipulation today is Elon Musk, I'm sure there are still people behind him, if only Elon Musk quit bitcoin there would certainly be an immediate entry for backups, But the arrival of Elon Musk is true bad manipulation, he destroys bitcoin in a subtle way.

We have seen market manipulation alot of times, this happened not only on crypto market but also in stocks market. There are two sides to Elonmusk's tweet, which is good for the long-term growth of the crypto market, but bad for traders for short times. I think Elon Musk already do great think to trigger bull market of crypto after 3 years in bearish season. Elon Musk still supported BTC and he will tweet again about other good fundamental of BTC. BTC will overtake fiat in the future and with limited supply the price will keep high in the long run.