Bitcoin Forum

Every time Elon Musk talks positively about Dogecoin on Twitter, price per coin goes all the way to the moon. The contrary happens if he talks negatively about it. Most recently, Elon Musk criticized Bitcoin's high energy consumption stating that it's harmful to the environment. This caused Bitcoin's price to plunge all the way to $42k in an instant. It's up to this point, where Bitcoin hasn't recovered back to the $57k - $58k range.

It looks like people make decisions based on someone else's opinion instead of doing their own research about it. Most people follow Elon Musk closely, so anything he says (good or bad) can directly affect the whole crypto market in general. I believe Elon Musk's true intentions is to manipulate the market for his own financial benefit. Who knows if he bought more Bitcoin after prices went down because of his tweet?

What are your thoughts? Do you think Elon Musk is manipulating the crypto market? If not, why? Will crypto carry on as usual without Mr. Musk in play? Or is it too late? Your input will be greatly appreciated. Thank you. :)

If asset dump 50% because of tweet that does not change its fundamentials (every investor knew about energy consumtion or china mining farms)... it means that it was not ment to be where it was. BTC was not ready for 60k$, had no strong support that could hold price at 50k, 40k$. Most people that bought BTC last 6 months did not know how 30% correction looks like. We were doomed to see ~40k zone even without Musk tweets. He just made this retest cheaper for market manipulators (AKA market operators).

Now China FUD and another 15% dump... Its too easy to push btc price down. Too easy to not use it for whales.

I think he literally is. He's playing dumb yet with all of those tweets related to cryptocurrency, it's really making the market move as much as it can.
As long as he will keep himself attached to the crypto market, there will always be the believers of his and those whales that will also take advantage of what he does.

Without such a rich personality, Elon Musk could not play that much with the market price. But with the power of his money and the power that comes from this money, he can manipulate it in every way with the name he makes. Most important of all, it can direct any crypto money it wants with the money in its safe without tweeting. But he both invests in crypto money and tweeting, which increases his power at least 5 times. In short, what I want to tell you is that he can manipulate as he wishes when we consider his money as well as his statements and tweets.

I do not believe in sincerity about energy. As a result, whether Spacex accepts payment with bitcoin or not, bitcoin production will continue and energy consumption will continue. I think he totally retaliates against the vitalik side in this regard.

We could say both...
He is manipulating by doing a tweet and i have no doubt it will impact to market because he is well known by people around the world.
But for yesterday crash, it is not made by him. People just seeking the reason why the market crash and then pointing it to elon.

The fact about yesterday crash is " we are already up too high and must be going down to seek strong support "


About energy consumption ? I doubt elon does not know about it begore he decide to invest in to something.

If not then why is he doing this? I’m sure he’s manipulating the market and there’s no billionaire that would waste his time tweeting about cryptocurrency without a valid reason, he’s making a lot of money on his every tweet. I wonder what would be the next tweet of Elon, it could be “DOGE is useless”, watch out closely.

I don't welcome Elon Musk in this crypto space, meaning that I won't follow any highly influential personal to invest in any crypto, this is an act of been blinded and controlled, after watching McAfee for years? Nah! I have no problem choosing projects myself and I have already achieved my dream in this bull market, I got in when market was down and got out when BTC was struggling at 57k

the influence of protagonists of this caliber is a weak point for the decentralized vision and the nature of bitcoin, unfortunately, however, people who arrive in bull markets are disappointed and tend to sell fear.
Elon Musk started a super bullish market and then tried to contain and scale it with news about tesla and high energy consumption, hence China took the opportunity to launch the attack on BTC.

Do you read anything other than Elon Musk's twitter? Probably news about a new wave of cryptocurrency bans in China.

When you start thinking, now is the bear market. Market makers want the hamsters to sell their bitcoins, which they bought for $ 60,000, to bring the bull market back into existence. This may take several months.

Yes he is and he knows it. But has he really said anything negative about Doge? He has said that his tweets are a joke, probably because his lawyers have adviced him to add some kind of disclaimer, probably because he has been buying doge. Markets react to anything he says, even when he talks about something else:

https://investorplace.com/2021/05/starbase-crypto-star-coin-rockets-after-musk-shows-off-unrelated-starbase-sign/

It is clear that elon musk is trying to manipulate the market through his Twitter, and there are a lot of people who believe in it.
If the market still has people investing on the advice of others, elon musk is still going on

This guy is trying to manipulate the market. Just take a look at his tweet related to the doge coin and you will be seeing that happens dude. It's not only that coz no one knows whether if he already bought the dip or not.
He will always reveal it at the end of story. This guy is the worst thing in the crypto.

Even when people calling his tweet as jokes but his tweet gave big impact to the crypto.

I think Elon Musk is manipulating the crypto market, he is a celebrity so his words influence people greatly.
Elon musk is one of the biggest whales on the market and through manipulation he has made quite a bit of money.

Yes i think that Elon Musk had a plan before he made his first tweet about dogecoin, he knew that it will have a big impact if he as one of the richest (or maybe the richest of them all) persons in the world talks positively about crypto for the first time. Then he let Tesla accept bitcoin as payment which increased the positive momentum of the crypto market even more. Than out of sudden he said that dogecoin is only a hustle and Tesla announced that they would not accept bitcoin anymore as payment.
In the end i think Elon musk did damage the whole crypto scene a little but i also think if he continues to tweet about cryptos his tweets will have less and less impact the more he does it because people are alrady used to it.

He really is, we are good to go if he is not very active in tweeting Dogecoin a meme coin and a supporting coin for Bitcoin he is intentionally trying to make Dogecoin reach the top in the market and trying to bring down Bitcoin, he has become a big market manipulator and it just shows that investors are not yet mature and they are easily swayed by the likes of Elon Musk, we will all go down if we have two Elon Musk harming the community.

Some of it yes but not totally. I mean, he has huge btc because of tesla so he is considered as one of the btc whales and as we all know most of the coins in the market are interrelated with btc so if telsa will sell atleast half of their btc asset, I think it will have an effect to the market generally.

Now many blame Elon Musk maybe thinking he is behind all the current market manipulation that wants to bring down bitcoin, but the fact is that it makes sense if that is the case because the meme coins he dreams of going to the moon are even written in his tweets.
Maybe it could be that he was preparing himself when the price was low he would buy it up? will this happen? So he continued to manipulate the market with much influence on almost all investors.

I have this feeling now that we are at the mercy of Elon Musk, he has a huge supply of Bitcoin and he can crash the market if he wishes, we are not in a good position right now, a man shilling a meme coin and FUDDING the mother of all coins this is the reason why Bitcoin and the market is going down, we are following a wrong guy, who is doing harm to the community.

Elon is just a big whale who uses his influence in favor to him, and we can called it manipulation. Though he cannot literally move the market but since he's very influential, every tweet he had people interpret it, I slowly believe that Elon is not a good thing here in the market. He can just invest his money without tweeting and hyping any project, that could be the safest way for us to remain on a bull trend this year, but now people knows who's Elon Musk and his motive.

Well Elon Musk is trying to manipulate the market and its all because of his own greed, to make most of his financial benefits. But you're right, Elon does not control the market fully because the recent dip is not just because of the whales but its mainly of the market's due correction so there will be balance in the market's activity. We have experienced the latest bull run and people have made profits already and this time, a healthy correction is currently happening that will open doors for new investors.

I believe so, if he says negative about Bitcoin and the prices dumps I’m pretty sure that he’s loading up. Now that he knew how influential he is even in crypto ecosystem, he might repeat his steps to take advantage of the situation. There will be time that he will become irrelevant in crypto space if he keeps trolling around.

Whats is the point of dumping coins bought at 30k crashing market "if he wishes". Yes he can do that ... but what for? Speculating on the market is not easy. No matter if you have 100$ or $100B. If he will crash market by dumping his coins ... he will do that at average price of 20-25k ... he bought at 30k. Will he be able to buyback? Hard to say. At the end of the day he will say as high as market will want to buy ... not as cheap as it is possible to "crash the market". He will sell and than start to FUD not FUD about energy, FUD abount miners still hodling $1B worth bitcoin.

Ya she had a ton of money so she had capability to manipulating the market. Firstly, when elon entering the market i'm verry happy about that because he say good words about cryptocurrency and right now he keep talking sh*t about btc, i really hate this man right now!!

I also think about you, the popularity that Elon has is enormous, he has influence and a large following who is always monitoring what he is doing, and he sees this opportunity to manipulate the crypto market, with the more people affected the greater the profit he will get.

I think Elon Musk did it. He and his company told to the public if Tesla will accept Bitcoin payment, but after that they cancel it only for reason Bitcoin mining is not green and not friendly for the world. This reason not make sense because Bitcoin mining already existed for years, and they should be told us about it before accept Bitcoin payment. But in other side, Elon Musk already help crypto market growing. For now as investor and trader, we keep learn about trading management much better and avoid too greedy.

Really bad what Elon Musk did by manipulating the market,
I don't know what Elon Musk aims to do and we'll see what he will do next,
I think many people hate it as much as you

Elon Musk is absolutely manipulating the market. He can affect the price of a cryptocurrency even if he just tweets about it. And the latest incidents also damaged the market surely. Tesla's decision caused BTC price to fall sharply.

At some point, considering his influence and the money he has Elon Musk has control at manipulating the market. Nevertheless, we cannot blame to him all the things that are happening in the market right now, let us not disregard the fact that China is currently planning to ban bitcoin at the moment and it impacted a lot on bitcoin's price. The dip or the correction we are currently experiencing is just normal but let us notice the pattern and the reason of all the fuss that is going so that we can have the idea of what's best to do.

The conspiracy theory was introduced by the CIA who knows when for what? To ridicule at the root of any reasonable inference. And when they start talking about world government, everyone says oooo conspiracy theory hahaha morons. But no one looks at the facts. Ha-ha-ha.

What is he talking about BTC for at this point? Is it because the price of BTC has fallen and is also followed by all the other Altcoins including Dogecoin which he glorified a while ago? now there are many people in crypto who hate it.

price move according to his tweet is a sign that he manipulate the coin . he dump btc but we are not sure if he bought btc after it because the price would have start recovering now but it wasnt .
 i guess musk leave btc for a while and foccus on manipulating doge  .
if he got tired in doge he will do the same thing as btc and he can come back to buying more btc before he make a positive tweet but with or without this guy i can still continue like i did before .

A person like Elon can do anything he wants, and he has a lot of money, he can manipulate the market, and else. We do not know what his aim is, but that will be to make more money and make him famous among the other celebrity, and he really did that.

I do not know what people think about Elon now after what he did to them, but I hope that people now realize and see the truth. But he can still do the same thing as before because we never know what he will do next.

When will topics "Elon Musk is a manipulator", "Elon Musk destroyed Bitcoin" stop to appear? While everyone is blaming Elon, China managed two times during this week to ban and put strict limitations on cryptocurrency. People, wake up. Elon sure has powers, but he dropped Bitcoin price only to 50k, everything other is China consequences.

He has become a manipulator because we follow his lead and his tweets, if we all stopped listening and following all his advice we are still good and Bitcoin should be heading to $60k, we are going to survive this, we have survived the China FUDS we can easily survive this too, we just need to be mature and do what is right.

Well for me yes he is manipulating the market he knows that he would create an impact by doing it and using it to gain profit.
And it isn't just his fault his followers should also get blamed for it they are doing what he wants that is why he keeps on manipulating,
I think if people stop on listening to him and giving shit about his tweets or every moves this guy would eventually stop.

Since Elon Musk became the world richest man and put his interest in crypto! Many people are now following his tweets without even making their own researches, many people believes in him that's why anytime he makes a tweet, the market moves in his favour, but I think with time people will no longer regard his tweets anymore, he uses his influence to manipulate the market since he knows his followers will always do what he says, without his followers he can't manipulate the market anymore, if people ignores he's tweets the market will not move in his favor. Just so bad that the masses are just following a man's decision.

I also think that Elon Musk is manipulating the market. I understood it better when he decided to stop accepting Bitcoin on Tesla sales and gave a hilarious reason for it. But I don't understand why he is doing this. What is his profit in this? Tesla are in a huge loss also as they made a huge investment into Bitcoin in the end.

I think it's not just elon, i'm sure he have the whale community that ready to pump and dump the price everytime he's going to make a good news or bad news on his tweet. The amount of coins that whose whales have is definitely huge and it must make the market move, and their targets are the one whose panicking when seeing the market red

He's trying to. I'm sad that it works. It's like a domino effect whenever he puts little words in Twitter. His followers starts to do what he input there and the market reacts. For me, it looks like a cult already. Sorry for the bad comparison for the Musk's supporters here but that's how it just looks for me.

I don't like the idea of someone giving orders and others keeps on following it. With Bitcoin no one was like that. It had even been bashed by FUD's and bad images in news and social media but it still stands. It's an individual view though.

I do not think that Elon Musk manipulates the cryptocurrency market, but since there are so many big players watching all the actions of Elon Musk and Elon Musk constantly writes some messages about cryptocurrencies and when big players see various messages about cryptocurrencies on Elon`s Musk Twitter profile, then immediately this cryptocurrency about which Elon Musk wrote begins to grow in price and therefore, to some extent, Elon Musk is a manipulator, but he by himself does not participate in this.

He tried every way to manipulate and managed to convince the mass to believe him. The majority began to believe that the doge is one of the strongest project on the market because of Musk. Those who want to invest now are looking for Musk assurance. lol

Most importantly he does everything consciously and still does not stop.

Most people will say yes to this. Because there are many actions of his which can be shown as a proof for it. I hope that he won't continue to manipulate the market forever. It hits the investors really hard.

this is only related to market manipulation which happened to happen because of Elon and China. Meanwhile, for the trust assets that we can choose, I don't think it will change for top market assets or assets that have become our favorites. It is only a matter of time until we as owners of small assets wait for them to pump.

Not only Elon but the whales who followed him.
 
Elon is very popular, of course, it's normal that people will follow his call or his favorite coin, which is DOGE.
Every time he talks, people follow, that's blindly investing and that's the reason why newbie investors lose money in a situation like this.

The only way to be able to manage the risk is to be smart, and it's not Elon's fault if people will follow as he also has his interest, for him this is just a game, and if we play his game, he will certainly be the winner.

Elon is indirectly taking advantage of his followers and use his tweets to manipulate and influence their decisions towards crypto,  he wants his followers to see dogecoin as 'the peoples coin' even if it means discredit btc in the process, he may not be directly manipulating the market but his tweets are causing damage.

more and more days about elon musk's tweets it turns out that it is indeed to manipulate everyone,
it remains only for us to respond properly to whether to follow him or let him like the wind pass.

When the Bitcoin price reaches $35k, there will be lots of whales buying at this level. The situation is almost the same as in 2018, but for investors who have a lot of capital, brands will buy and we will see the price increase slightly as the number of requests continues to increase. Currently, the seller doesn't seem to want to lose due to Elon Musk's tweet, but as we know, the price of Bitcoin always goes up during the Bitcoin Halving.

This is really a big challenge to every investors and traders, holding if you got trapped from the peak

or cut your losses and try to buy back when there's another dip to grow your assets, it's up to your

good judegment from how you will see any opportunities in regards to this current market movement,

Musk or China all relied within your own decision making.

He recently announced that he is in favor of crypto if there is a war between crypto and cash.
But this doesn't make the market as bullish as Elon Musk wrote on his Twitter, perhaps people have started to be wary of what he says.

Actually I am already thinking this for a long time. Time will come that a certain person (it doesn't need to be Elon Musk but on our current scenario, he is) will have a controll of the huge part of the market and will totally dictate what market status will gonna happen. If that will happen, the market we know will not gonna be the same anymore that is why I am always not in favor of capitalism.

Yes I agree with you. Most people take decisions without making their own research
Elon musk is influential and has high power on the crypto market any decision he makes either positive or negative will have an effect to the market.
And recently he has been manipulating the market and I think this is his own tricks to buy more coin. Once he manipulates a coin to drop the other investors will panic and sell off and that's the time he buys. The rich getting richer.

Your last question shouldn’t even be a question. How can you be asking whether the cryptocurrency community can carry on without Musk? It hasn’t been long that this guy joined the crypto community, so with or without Elon Musk, the community is definitely going to keep moving.

Yes, I do know that while he’s here as part of the community he can be doing things that can be influencing the market in one or the other, and that’s because he’s a celebrity and he has lots of followers which we all know very well that a lot of them are into cryptocurrency, and anything he says the news are going to spread it as well. But that doesn’t mean that if he leaves the market is going to fall, nah we will still be going strong.

We may have fallen into Elon Musk's own game, as he manipulates the market with his tweets. Each comment (either positive or negative) has a direct effect over crypto prices these days. DOGE went from being worth nothing to nearly $1 after Elon Musk's praise. Similarly, Bitcoin went down after Elon Musk criticized its high energy consumption. How long will this keep up, will depend on how far people are willing to believe Elon Musk's comments. The current dip in price is great to accumulate coins before the whole market goes back up again. Sooner or later, Bitcoin will go to $60k while ETH will hit $5k per coin. Dogecoin might go to $1 if Elon Musk continues to "shill" it across social media platforms.

What matters is that crypto stays as decentralized and censorship-resistant as possible. The market may be following a single man, but the core Blockchain technology is not. Regardless of the price, crypto works well as censorship-resistant money for the world. The main issue here is the centralization of the market. If decentralized exchanges were in the lead, this wouldn't be a problem. The market would carry on as usual regardless of what Elon Musk says about crypto. Let's see how long it'll take before Mr. Musk becomes bored of crypto in favor of the next big thing in the mainstream world. Just my thoughts ;D

Yes maybe he is manipulating.
He has invested lots of funds in the crypto market.
So maybe he is the real whale or on of the big whale behind THIS market manipulation

From the very beginning and starting to tweet about crypto, I thought there would be turmoil in the crypto market, and it is true what I thought, strangely people who have been in the crypto world for a long time believe what Elon said, this makes me a little annoyed, he has managed to manipulate the market only with his popularity, he is a professional businessman, there is no way he would tweet about crypto if not for personal gain.

I agree on that Elon really manipulating the crypto market, because everytime he tweets the market moves he is using his popularity and his believed to manipulate the market and i think it is for his own to make more profit and to full his bags I think that is the main reason.

In fact, it is not completely clear why he generally posts tweets of this kind.
To be honest, I think this is some kind of long-term strategy, but its true motives are not clear to me.
In any case, he must understand that the responsibility for his words lies with him.

Elon Musk has its own hidden motive and for sure, to make advantage of this market for his own benefit. And whales are also riding this market activity so that when people start to panic sell, they will buy those coins and hold them until their price d recovers. This is truly a market manipulation.

However, people start to see the true identity of Elon Musk and if he continue to make negative tweets for bitcoin, this market will be gradually affected. And i think people will never love that. So they start hating Elon Musk and unfollow him. This is jus the same with McAffe before. He will be ignored in the long run and he will make no impact on the market anymore. The crypto market will be back to normal again.

I think it is too late to change the market like it used to be, now people are too affected by the tweet made by Elon Musk, whatever he says always makes a big reaction in the market, if this continues it could be that the market can be completely manipulated by a few people, this is very bad for the growth of the crypto market.

he has his own agenda and that must be true. there lots of theories about this but we didn't have strong proof. The sense rumour is about elon owned lots of doge coins and that's why he was manipulating the market to make his portfolio in doge coin goes crazy. that being said that if the doge coin can be considered as a way for him to make money from the market.

I think that you can also find lots of discussion related to that thing.

It could be true, and maybe not. Everything went awry because many people were affected by the news of elon tweet and chnaa' lately. Absolutely right they made a decision based on Elon Elon and Elon. I see this situation as planned by Elon to make a major correction to BTC, either for his own benefit, or because he cares so much about the environment.

Let's say Elon is really manipulating the market, in which case we should be grateful to him.
After all, it was he who gave a few impulses for Bitcoin with his tweets, and he also provoked the fall.
Where is he wrong? If we believe in this, then he just canceled the conditions for bitcoin created by his own hands.

Elon Musk has already been manipulated several times, you must know it. His big investment was in the Dogecoin, I'm assuming as my research. I visited Dogecoin social sites, even devs were also surprised about the price of Dogecoin. Elon must think, he knows the future and he can handle it. Between 6 months, Elon musk lovers will start to hate. I like him for his spaceX, but in this case he doesn't deserve it because so many people will lose their money.

There is no debate about the manipulation power of Elon Musk as he is doing that for a while in multiple financial markets and what i did not understand till now is whether he is hedging money before making those public statements about the market and making a fortune behind the back or is he just having fun whenever he is free from thinking about developing something else ;D.

They were only following the hype. Their bran is always thinking about how to get instant profit from the market. that's why there are lots of people who keep watching the elon's tweet and they were still betting into the doge coin. Elon is actively tweeting about the doge coin development and this will always continue until people will be realized if their minds already manipulated.
This doge trend will be last long.

Therefore, indeed we need to learn many things related to the crypto world, so that we can really understand how to invest properly in
the crypto world. Because it is sad for many people to enter the crypto world because they hope to get instant profit. Yet if we study
the crypto world properly, it takes patience and a long process so that we can make a profit. And most importantly, we should never
invest because it is influenced by other people, we must try to analyze and do our own research to decide which coins we will buy and
when is the right time to enter the market. Therefore, we will not fall victim to Elon Musk if we do our own research and analysis.

It's all about making as much money as possible by manipulating the market with tweets that could bring a positive or negative environment in the crypto/Blockchain space. Elon Musk knows that most people don't do their own research when it comes to crypto/Blockchain tech. They're only in it to make a quick buck, instead of believing in its core technology to change our world for the better. By manipulating people through social media posts, Mr. Musk can control the market for his own financial benefit. I bet he made a lot of money with the DOGE pump, and the recent Bitcoin dump. The rest of the investors might have lost big time because of the wild fluctuations in crypto prices. If this keeps up, only rich people will dominate crypto market leaving the average investor or trader in the dust. I hope that doesn't turn out to be the case in the long term, or else, crypto will be doomed. Just my thoughts ;D

in my opinion it is only done by people who are new to or joining cryptocurrency so that when prices are down they look panic and take the decision to sell their assets to avoid greater losses, but if they have been in cryptocurrency for a long time, of course they have realize that the decline in prices is a common thing and they might hold it until the price or market gets better again, because indeed they have learned from years of experience in dealing with every condition that occurs in the crypto world.

I'm of the opinion that the market is more than any single individual. It may seem like Elon musk is manipulating the market and enforcing his will, but the market is going to surprise everyone. The next wave of bull run is certainly going to be higher than what we have presently and several manipulators would be disappointed.

In my opinion, it is not Elon Musk who manipulates the market,
we know Elon Musk this year and it is only natural that he has always been a pump and dump figure this year,
because many followers of this person make panic sell and panic buy, but it should not be manipulation, which becomes Market manipulation is whales,
whales make Fud and make good news so you can get a lot of profit from it, so don't get caught in it.

If they only educate themselves before joining it wont be easy for anyone to moved them out, this really the big factors that affects the market movement, newcomers who bought at the peak and panics when the market experienced corrections.

Not being ready with the situation they'll choose to sell and lose portions of their investment fearing that they've might lose everything.

It isn't such personalities or businesses but those who keeps doing stuff that can be avoided if they only have the right knowledge and understanding.

I'm on it and reckon your opinion.

That's for sure that the next bull run will be more than this bull run. But the manipulators won't be disappointed because they'll be also the one that's going to be part of this bull run and that's for sure.

You think that people like Elon will be disappointed? that won't happen.

He won't because we don't play his emotion, it was him who played most of us, especially the newbies.

With Elon not able to manipulate the market anymore, it could be good for the market for a short time, but eventually, other personalities will come out that we might like to follow could still do what exactly Elon has done or been doing.

Well, IMHO, the guy knows what will be the possible in and out on it and strongly believes that he can endure whatever what it takes on him whether the most negative outcome shall go for him. He got more experience than us in different industries and he's more than that.

I don't admire him but I'm just stating the fact that the guy has experience and putting him in that bad situation even if it's just his feeling, that's really hard to happen unless there's something personal which is like his worst nightmare.

And that he use such experience to take advantage of the young and innocent investors who are following him believing that Elon Musk can help them. But in the end, he put some trap. If his intention is acceptable, no way that the community will get angry and hating him. He put this situation worse and that he receives a bad reputation as well.

I know we don't like this to happen but if we just keep silent, this person will continue doing and I think he needs to stop.

ELon trying shake crypto market with his power, he start with doge and tweeting to the moon.much traders influenced by his tweet and even hope elon will continuesly tweet positive about doge and crypto market. bu in my opinion , its not good for us cause i smell decentralized here. we only focus on one person meanwhile if we look at back, bitcoin could surive without any help from influencer

If he tweets nonsense, nobody would give interest in him but he does it well and that is why a lot of people got fooled. It is too late to see the truth behind those shilling and positive tweets and he uses his personality to acquire followers but unfortunately, these illusions had put to an end, and we started to hate him back.

Such greedy moves that Elon Musk does have a huge impact on the market but this is not enough to ruins it. He is just one of those manipulators who just come and lose, then to say goodbye.

There are advantages and disadvantages of the effects caused by Elon's current actions, where we can benefit from the growing doge, but on the other hand this can be fatal if we just follow what Elon did and it seems as if we are very dependent on him, so that Elon can easily manipulate the crypto market with its popularity, and you are also right about bitcoin, it doesn't need the popularity of an influencer to grow to dominate the crypto market today.

Who isn't?

I don't think it's that bad, besides, i think there are some big whales using Elon Musk's tweet to manipulate the crypto market, not Musk. This is what we called celebrity effect, but do not worry because of one day it will fail.  IMO, this round of Bull has three hypes: DEFI, NFT, Elon Musk.

Indeed, he uses to pump Bitcoin and Doge before people realize that Elon Musk is manipulating the market. It simply like we are having a good time first (benefiting from those tweets) before we got to know about his real intentions. This dirty tactic is so popular, rich people can easily do that as they have such capability, some were also taking advantage while someone had caught into the trap.

Does this manipulation had a chance to stop? No, as long as the market remains decentralize and everyone is welcome, we can certainly be experiencing this thing from time to time.

The market dumped up to 50 percent after he tweeted, yes he actually manipulating the crypto market which not supposed to be because crypto should be free all manipulation but people follow influencers that's why it affected too much. If elon stop tweeting then we may having a great time until today and our assets are gaining instead of losing due to market's dip.

I dont know the reason why Elon Musk had to tweet about crypto especially Dogecoin, what is the motivation and what is the goal that he want to achieve by tweeted. This is so confusing and the market is all red zone now. Really hope the dip will cease and go away.

He wants to shill his coin so he will make easy money, it's not hard to figure out, and actually he was successful in doing that because a DOGE from a shitty coin now becomes a valuable coin because it was hype, in fact, some even think that it will reach $1, so they are willing to hold.

Yes, there is really no need to worry about that because every bad intention will end badly, so keep thinking positively on every thing that has happened, let them bear the consequences themselves in the future.

I think we can compare Elon musk to McAfee in 2017! People listen to those they regard as successful in the world.  Elon is a billionaire and his endorsement of Cryptocurrency goes a long way in people's mind.  As long as Elon continue his tweets,  there will be reaction to it.  Those reaction may be positive or negative!

The answer to this question is a simple yes, I think Elon is manipulating the market for his own financial gains, and the thing is that, there are alot of misery people in crypto today who don't even know what they are investing in cus they are too lazy to do any kind of research, rather all they care for is quick wealth, overnight riches and the only way they think they can achieve this is to allow the words or thought of the rich influence their own sentiment or thought.
But am not suprised cus ever since I started trading in the financial market, news and opinions from influencial people has always affected the market in both positive and negative ways, the only difference here is that Elon has seized this opportunity to enrich himself and he's friends more.

It all depends on what Elon is tweeting about on his social media. and what Elon looks like is not a consistent person and tends to want to flirt with his followers.
I am sure, at this point those who follow Elon already know how to respond wisely to Elon's tweets. because sometimes Elon does it just for his own sake or just for fun.

As far as I know, Elon Musk was one of the popular influencer in twitter, no doubt about that. If every time Elon talked about positively about dogecoin on twitter and the price of each Dogecoin goes all the way to the moon, why not He try to post it now about positive thing in Dogecoin. Do you think when Elon musk do this right now, the price of Dogecoin will increase in the market while bitcoin was in stage of dump level in terms of price value so far? But I agreed that Elon Musk is only manipulating the market nothing else.

I don't think so. at first glance it seems true that he was manipulating market prices. Actually that is just the effect of Elon Musk's Policy. Unfortunately, people too go with the flow that Elon musk creates

Since long time ago, investors and traders have always been very influential on positive and negative information about the world of cryptocurrency, and current conditions are exactly the same as in the past, when the richest people in the world made positive information about crypto, the price went up to the moon, and when Elon Musk made negative news via his twitter the crypto market immediately went down, people always panicked without thinking

Yeah, that's likely a trap.

If those people who follows him keep on relying on his words and blindingly investing with the shilling that he does, they really will be ending up broke if they keep on riding it.

The market has always been like this and they will really have to pay for the experience so that's it, charge to experience.

Do you think he does this on purpose? After all, he has a whole marketing team, why does he need so many tweets about cryptocurrency?
It is likely that the first tweets about dogs were nothing more than regular tweets, but looking at how they affect the crypto market, Elon might have decided to experiment.

He already brought positive things to those who benefit, especially for DOGECOIN investors and the entire market as his tweets were very effective at the beginning, after he tweeted about Tesla suspending bitcoin, which started a huge sell-off and we are still affected until now with that bearish movement.

Its not a positive, i think its more toxic than positive, people didnt aware enough about what Elon suggest and turn them into a big bomb that can explode whenever Elon want to.
For example many people didnt know what Dogecoin is and decide to buy their first cryptocoin without enough information about it.

His tweets started the movement of weak hands in the market. Influenced by his tweets, short traders or newcomers sold their holdings. As a result, whales are the most profitable, and weak hands are out of the market. Following his tweets, short traders and new investors have already been deceived several times. I don't think anyone else will be affected by Elon Musk's trap now Because everyone understands his cunning.

If Elon Musk really loved Doge Coin and Bitcoin, he would have accepted it as payment a long time ago.
I think Elon Musk is just trying to manipulate the market from his tweets, but at the moment that doesn't work.

If this is the case, crypto is not as decentralized as it claims it to be. The thing is moments of ups and downs are common to crypto pricing specially bitcoin. And because the use case as of now of bitcoin is store value and speculative. Unlike the other blockchain projects where tons of use cases are being introduced and make leverage at. So is Elon Musk has the influence? Nah it is more  likely on corrections and entering the bear market.

Elon Musk verry capable to doing it and i believe they had a lot of circle friend who doing this together with him. Since he joined into crypto he always do whatever he want and just keep trolling us over and over again.

I'm saying he brought positive things to people who benefit, I know he is toxic but there are still people who profited because they ride with the hype but they know how to get out with good timing. This tweet or shill is completely bad, and we don't trust Elon for doing that, but that's the game, you gotta play the game, we don't know who will get in after him, and we should still open the possibility that one could manipulate the market again.

I think Buterin said everything correctly in his interview, and I agree that as time goes on, Musks tweets will have less and less impact on the crypro market. Something like that can't last forever, Musk is lucky that crypto markets are an unregulated market, otherwise he would be in jail

Basically, Elon musk was damaging cryptocurrency and also have damaged little reputation of BTC. He was saying Tesla will not accept Bitcoin anymore and he also wanted to accept dogecoin (meme coin) as payment sources in Tesla. So I think there are many shitcoins because of his tweets. He promoted some shitcoins, so many now many shitcoins are creating nowadays.

Positive or negative, he will be a smart guy who makes tons of money from his tweets.  There are left countless people who will complain and lament about him.  Everything has two sides, Elon is the shepherd, the other is the woodcutter.  That's the irony and it creates value for Elon!  Paradoxes always exist.  Elon will be boycotted if he sells all his Doge!  I'm pretty sure on that.  Lol

He knows what he us doing and I really think he is manipulating the market because there is no way i see making a loss because he is a very strategic man… he really helped with his hype on bitcoin which gave more light to crypto currency and prices when to the moon when her started accepting bitcoin for tesla products but now he has turned back on his word and he is against bitcoin which has now seen the market decline

He is good at manipulating people market and situation and he is a profit-hungry entrepreneur unfortunately people are following his leads and that leads many of us from losing a lot of money and making huge money from Doge Coin, and since he made a lot of people from making money it will take some time for them to unfollow Musk, they are waiting for the next coin that he will pump.

I think Elon Musk can possible manipulate crypto market, because many richman like Elon can invest in crypto and hodl them and also can manipulate the price. Elon Musk have big influence in crypto world, because anything he announce something happen in the market.

Yeah, when tesla made their announcement, bitcoin was around 42k or so and suddenly went to over 48k in a day I would give him credits for 42k to over 50k and that's it, anything over 50k was still the people who wanted to buy bitcoin and insanely hyped about it so they bought and increased the price. That's what I think he deserves to get recognition.

I however do not give him the blame during this fall neither, sure he had a big play on the initial drop, we weren't at 60k+ neither, we were a bit over 50k and dropped under 50k and that was probably what Elon started but that's about it, rest was other news and people who get panic and sold and also there were tone of liquidations that caused the huge drop as well so it wasn't just him.

Elon Musk and China Both of them are tried their best to manipulate the Bitcoin market, But they failed miserably,

Together they were announcing negative news about Bitcoin one after another in a row. But they were not able to bring the price of Bitcoin below $30K. At $30K zone Bitcoin has been stabilized very well and is preparing for the next bull run. Now a days people don't care about Elon Musk's tweets anymore because everyone knows his tweets are valueless, And Elon Musk has now become a laughing stock for social media influences.

Well, I wouldn't say Musk failed miserably. We don't know how much bitcoin he bought before Tesla's investments became public. With his twitter posts, he obviously tried to drive bitcoin's price to even higher levels.
When bitcoin was on ATH, he could have comfortably dumped large amounts and now is filling his bags again with cheap coins.

If the cryptocurrency market falls again in 4-5 months, whom will you blame for that case? Stop acting you are nothing and become part of Elon Musk. Because behind your comments, you are supporting Elon musk tweets. Elon musk is trying to manipulate the market. What could be the reason to pump cryptocurrency without Elon musk tweets? So stop acting like Elon Musk everything.

Undoubtedly, the crypto market is quite sensitive to manipulation and people who have a great influence on the masses can easily take advantage of this.

More than once we have witnessed famous people who have been prosecuted for their proven participation in manipulations on social media such as Twitter and gaining dividends from it.

I think that's part of the game, and whether Elon Musk does it on purpose or not to gain benefits, we don't know.

We really don't know ,Elon is good on fooling people so we can't really find if he is not  serious about all His statement against bitcoin.
that means he is not the one who is manipulating market but he is one of them?

Sometimes nowadays a lot of funny things are happening all of a sudden, Elon Musk acts about him looking like a hero who can save anything in cryptocurrency, but that doesn't last long now because not everyone comes from Elon Musk in this regard.

Yes, he is definitely manipulating. I think I'm starting to get hairy now. I used to respect him and his work. I guess I have less respect for him now.

Almost everyone is like that now, because when Elon Musk liked Bitcoin, everyone respected him, but when he said Dogecoin for everything, everyone started hating him because it could tear down the cryptocurrency market by selling Bitcoin to most investors.

Isn't it obvious that Elon Musk is manipulating the Market? Everything he has done or said about any cryptocurrency is in a bid to make a profit. Everything about his support and eventually oppose of Bitcoin was market manipulation and all the Hype of Dogecoin too.

If Elon hadn't hype Dogecoin, this wouldn't have happened. Coinbase Pro opens up to dogecoin after cryptocurrency’s 6,000% gain this year (https://www.cnbc.com/2021/06/01/coinbase-pro-opens-to-dogecoin-after-currencys-6000percent-gain-this-year.html)

I want to believe that there are many more well-developed crypto projects than Dodecoins that could have been listed on Coinbase pro that is still not traded there now but open to Dogecoin. These are all market manipulation and are all interrelated.  

True, Elon Musk will fall in time, but not anytime soon because he is a very smart person in building his own business at the expense of everything through the trust and fame that he already has now.

I fully agree with you, he did the same with Bitcoin as he did with Doge Coin, first he buys the coins himself and then he starts being optimistic about it on social media. The biggest problem here is his large fellowship and his reach on social media. People think he is a god because he will bring us to Mars, so they start believing in everything he says. Unfortunately he still has is own agenda and doesn't care about the common man. We should all stop trusting Elon Musk.

Of course, that's it, however, you can't blame the newbies to point all to Elon as some of them are here investing because of Elon's shilling on the DOGE, but later drop BTC on Tesla as a payment method, and we know that when bitcoin drop, altcoins drop even worse.

Elon is now the center of attraction for criticism, his charm seemed to be gone already.

I think not only Elon Musk who manipulate the market and the flow of the cycle of the market but also some big whales such as billionaires in order to shaken' the market.

of course, he is the one who created the current FUD and he is also the one who made the market soar high. he uses his huge following to manipulate the market. see since he said crypto mining is the cause of electricity problems, the impact of crypto prices, especially bitcoin, has decreased quite significantly. or when he says bitcoin can be used to buy tesla. everything he says is solely to control the market.

We owe it all to Elon Musk. I mean, if he wouldn't had talked about Dogecoin, prices wouldn't be this high right now. Early DOGE adopters like myself have greatly benefitted from Elon Musk's shilling across Twitter. If he keeps doing what he's doing, crypto could go all the way to Mars! Imagine Dogecoin hitting $1 per coin, while Bitcoin goes all the way to $100k. You'll be able to double or triple your investment in no time!

Of course, the same way Elon Musk leads a crypto to glory, the same way he can destroy it. Consider what happened with Bitcoin's price after Elon Musk complained about Bitcoin's high energy consumption. The pioneer cryptocurrency (BTC) went all the way down from nearly $57k to just $33k in a matter of days. It seems to me that the market is too tied to Elon Musk, as investors and traders follow his footsteps. This is bad for crypto, because it puts the entire market in the hands of a single person. The moment Elon Musk becomes bored of crypto, will be such when prices will go all the way down the drain faster than you could've ever imagined. Let's hope crypto stays resilient no matter how the market is manipulated in the long term. Just my opinion :)

OP's question has its merits, but the real question is where do we draw the line? If Warren Buffet says he has sold a stock or he considers buying a stock, the normal reaction of people is to listen to these gurus who have proven their success at a scale beyond human imagination. Sure, what Elon does is a bit different than what Warren does, but the effect is kind of similar.

He's manipulating the market yet people are now realizing that his words will only benefit him. Elon Musk could only manipulate the market completely ifost traders and investors would listen to him continuously. We shouldn't allow people like this to rule the market especially those who are spreading FUD.

Yes, people have finally realized that believing what other people are saying is a mistake, but very fortunately the people who have benefited from Elon are making actions that can pump up the doge, even though Elon is actually doing it all for his own benefit.

Unfortunately, they'll learned it a hard way. It's not actually a total mistake if you believe in Elon as the coins tweeted had pumped, bitcoin and Dogecoin for instance, but the crucial stage here is knowing when to get out and especially on Dogecoin which is currently overvauled.

not old folks or big-money investors swayed by Elon's tweets.
we know Elon is a new rich guy who has a lot of followers. he brought a lot of new people into the crypto market which made the adoption increase in the market. new people with little skills in investing and trading in the crypto market will certainly be very easily influenced and panicked.

Not directly manipulating the market but he is using his influence to the new comers and probably some traders who are easily manipulated and control market from that he also pump the doge and make a lot of tweets to it where it was the main focus of all people and suddenly buy a Bitcoin worth Billion of $ and after some time saying that they will not accept it now and goes back to doge again.

Maybe without real life, "Elon Musk" ruined his reputation from cryptocurrency. I was surprised when I saw a tweet about meeting with Dogecoin dev, the price was 25 percent up! Even now, some people will invest because those investors need short term profit. We can block or unfollow him. Maybe in these ways he could lose our support. At least we can try to stop this manipulation.

I think Elon Musk couldn't earn a good profit from Bitcoin, so he shifted to Dogecoin and started tweets. His manipulation doesn't work in Bitcoin but literally works in Dogecoin. Even one of my friends earned from Dogecoin, I think he should sell the Dogecoin. I strongly believe that this manipulation won't last a very long time. Already we have seen so many haters of Elon Musk that's enough for us. In the future, he could realize the effects on Tesla stocks.

Absolutely. And i don't understand how he's still doing this and why people are trust him. At least it makes opportunities to buy more coins with lower prices.

I am not so sure if Elon Musk is in it for the money! :D Do you think a guy with $150 + billion in the bank feels like he should get into crypto to earn some good money? He hasn't even started yet with Solarcity, Tesla, Spacex etc.

In my opinion, I think that Elon is doing some abracadabra stuff in manipulating the crypto markets, particularly Bitcoin and Dogecoin. All I can think of is the current situation right now where one false or negative news about crypto or false tweet about crypto would result to a mini crash of some sorts and price just goes terribly down. Now that is good news for buyers of crypto but bad news for those who want to sell theirs for a profit. I think Elons manipulation attempt might be over for now and hopefully it will stay that way.

Again, with his tweet a few hours ago with bitcoin logo and a heart break, the market has plunged again. This is really manipulative in a sense that people are following whatever he tweets.

People has to learn that they shouldn't depend on Elon Musk's tweets because they're not helpful at all. All they follow is whatever he says and it gives value to him because they're giving that much reaction to the market.

I still don't understand if Elon Musk is consciously influencing the market for his own personal gain or is just making outbursts taken by the enthusiasm for no profit, however unfortunately is true he is heavily manipulating the market

Don't be too surprised by this because basically everyone who does a job is to get a lot of profit through the trust of certain people, so don't be surprised if this kind of thing is still happening today.

I think you are right because I don't want to believe most of what some people are saying that newbies are the ones with paper hands during times like this but like you said, I believe that most of the Whales and other large asset holders are the ones that quickly react to all these tweets by Elon and causing the market to dip because they all understand how it works, opportunity to buy more and we all have to be wise and move with the trend.  

It's not our right to blame him because other people are following his ideas. Well he might be right about the power consumption issue but it would not mean that people should freak out. I have some doubts that Elon Musk is behind DogeCoin and some other cryptocurrencies because he Shibetoshi is always responding to his tweets, it's awkward but i won't say that he is manipulating the market. We want to get more sheap btc and we would do the same if we had the influential power that he got.

It's also very illogical if we start to think about it because Elon Musk is not a poor person who has to fight desperately in the crypto space, so it's very clear that he entered crypto just for fun while making additional profits.

That is a bit short-sighted. I think if a guy abuses his power and he exactly knows that he has the power to do that, you can't only blame the people following him. If you have power you are supposed to use it responsibly. Maybe he even does and we just don't know it yet. He pushed DOGE into the limelight and there may be good reasons for him that he just yet hasn't shared.

He’s been trolling for months, best to just ignore him & certainly don’t base any trading decision on his drunk/high tweets. His impact is becoming less & less any way, we’re only $2000 down now since his immature ramblings. When he tweeted stuff about mining we went down a lot more. Just ignore him, he’ll get bored & move onto something else soon.

It would be better to be silent, but the most senior thing is that he can get away with it, he has a very huge influence and power, that's what happens to people when they have too much power.

Look, but Elon is the name. If he uses his influence the crypt will overcome the highest level. They are cheating us. The world will accept cryptocurrency. We'll all heal)

They are not, it's only cheating if it's against the law, Elon can do anything he wants, it's us who follow him is the problem, if we will be smart, be matured, then we will not be hype because we know he is not serious with his statement or just making it for his personal gain.

Hell to the yeah, he sure as hell is manipulating the market. Just look at his Dogecoin and Bitcoin tweets. They always put each of these coins in the spotlight. Example, look at yesterday's Bitcoin tweet with a broken heart. Bitcoin took a dive after that

Why not? It is not only about people following him, he tweeted something bad about Bitcoin and crypto as a whole. Do you think it is acceptable?
Man, if he isn't trying to manipulate or exploit the crypto market, it is no problem at all. But what he did is too much, all of us know he has the intention to take advantage by tweeting both positive & negative about Bitcoin-crypto. For me, it isn't acceptable! He is likely playing with us and leads us to a current bad situation in crypto market.

Of course, he is manipulating the market. Even his single word is enough to change the balances in the market. One of his recent tweet is a good example for it. People are really tired of his behavior.

Elon Musk is a famous person as a billionaire. His tweets must be careful about the financial sector. But here he is manipulating the market, everyone blaming him for the last market crash. To earn his profit, Elon Musk mentioned the energy consumption problem of Bitcoin and disagreed to accept Bitcoin.

Would Elon Musk like to leave Tesla for the energy consumption problem?

Yup, Elon is a business man and he does use the power he somewhat has over the crypto market. Is like seeing a tweet and a few seconds later see how everybody overreacts to it all.

Personally, I find it ridiculous that this is happening and that the space is filled with people who are so reactive but this is why the man keeps on playing with the market - it works and why not capitalise on it!

he willl not do this , elon musk only trying to fud in markeet with his power. since tweet wat with several crypto influencer in twitter, elon want to show us that he could manipulate market. but  unfortunately we as crypto investors forget how we could surive in 2017 when many fud from china coming, and now with single tweet from elon we panic. if we can do this again, i think elon will be shit .

Last weekend in his appearance on "Saturday Night Live," musk dismissed doge as ‘a hustle.’ But last night he offered it some support, suggesting it would ‘improve system transaction efficiency.’ Dogecoin gained 25% in minutes!

I don't know for sure it's true or not, the most important thing is that we don't follow the fomo too deeply,
because it's not good for traders, yes FOMO and FUD are very easy in the crypto world,
especially an influencer who has a lot of followers! the most important thing is ourselves can control it

it may or may not be true, I think some people are taking advantage of this situation to follow Elon's words to cause an exaggerated reaction than usual, like if Elon says good news then they make it look like it happened and vice versa
I'm not sure 1 person can control the whole market completely.

Im of the opinion that the market is more than any single individual. It may seem like Elon musk is manipulating the market and enforcing his will, but the market is going to surprise everyone. The next wave of bull run is certainly going to be higher than what we have presently and several manipulators would be disappointed.

Elon Musk is a high-profile individual so his words can impact everything.

But NO, he's not manipulating the market because after all, why should he? His tweet is based on his view and people are riding it. If there's manipulation, he can move his coins but there's nothing such as that, and what he's just doing is making some shill tweets.

Investors are not dumb. Since Elon creates hype, they know for sure that there will be a time that he will also do another way around and some investors take advantage of that.

Elon Musk can manipulate or have impact on bitcoin price as he bought bitcoin. The amount of bitcoin elon musk have it does have impact on smaller amount of bitcoin owners if elon musk decides to manipulate the price and some whales may take advantages of this. If this cause FUD then they will be able to buy the bitcoins that will be sold by them.

Yes buddy I think so . Nowadays he manipulate very much with crypto , that's why market at this time is very much down

I share your opinion and I also think that manipulation requires some element of intention. For example if Musk makes a tweet or let's say a bad tweet knowing that Bitcoin will go down a little and before that he shorts Bitcoin with leverage, that is manipulation of a market to me because you take an action you seek to benefit from at the detriment of other market participants. I am only talking about markets here.
If he doesn't benefit from it at all because he doesn't have substantial positions, it is more like him having fun and laughing at himself wondering why his words can move trillion dollar markets.

It took a while for people to realize that and I fear that there are still a lot of people trade based on what he says as well, that is a very important situation. I do not think that there is a good reason to believe Elon has no influence over crypto just yet, people are mad at him for now but the day he makes a good move and increase price of doge or something else will be the day when he is seen as a savior once again and that is not going to be a problem.

There is really nothing that could be done to remove all of his influence over crypto just yet, we need to let him destroy himself and that is a better method, because in the end he keeps making mistakes that causes prices to fall and causing people to hate him, if I tried to make people listen to me and get him to be ignored I would fail but he does it to himself very well which is awesome to see.

He is. Elon musk is clearly manipulating the market regardless of it being intentional or unintentional. But the most important thing here is not Elon Musk's influence over the entire crypto industry but the coins themselves, particularly Bitcoin. If Bitcoin or any other coins in this industry gets easily swayed just by the words of a few influential people, then that just means that the coin itself doesn't deserve it's price. But this is a good thing that it happened now than later since this will mold this industry into a better one in the comming months or years. In time, the well established coins in this industry will have some immunity to these type of people which then would mark a new beginning for such coins.

Regarding this I myself also do not know whether he did this for his own benefit or if there was something else,
what is clear is that I personally really don't know what Elon Musk's goals are,
We'll see later whether Elon Musk's contribution will have a positive impact or on the contrary it will have a negative impact on the crypto world

I believe that Elon Musk is one of many whales who manipulates the market. He is a great influencer that can easily influence the mind of the people either it is good or bad and it has a huge impact in crypto market. I think he did it for his own benefit and popularity.

Aside from Elon Musk, there are still so many big whales than he was who are holding tons of cryptocurrency especially bitcoin and altcoins. He is really a great influencer and many people are idolizing him but the thing is that due to he is famous and a great influencer, he is using it in order to create a manipulation inside the market just like what he has done in doge which he introduced it that he will buy tons of it and the price of the doge arise which is we clearly see that it is a market manipulation isn't it?

yes, he is a whale but he did not sell his bitcoin but his followers are selling in fear. And to be honest, I have unfollowed him on twitter he's intention is only to harm innocent people.

Elon Musk's followers need to understand that he is not selling bitcoin himself but rather inciting others.

People are foolish enough to follow a single man to make their investment decisions on crypto, when the whole space has always been about being decentralized and free from the middleman. Elon Musk must have made a lot of money with his recent tactics. Bitcoin went down for a short period of time after his criticism, while Dogecoin went all the way to the moon. It's up to this date, where Bitcoin is struggling to get past the $40k range, while Dogecoin hasn't "moved an inch". Who knows if Elon Musk continues to manipulate the market in the long run for his own financial benefit?

If this keeps up, DOGE might go to $1, while Bitcoin may be headed to a price below $20k. Imagine what would be of the crypto market if Elon Musk quits. There will be a massive "bloodbath" in price that would leave current investors disappointed! The market will surely recover albeit at a slow and steady pace. What matters is not the price per coin, but rather its usefulness. As long as an specific cryptocurrency is useful, nothing else matters. Just my thoughts ;D

Pro traders are following him because they know people will react to his tweet. So they are taking advantage of that and taking a short or long position with his tweet. I think what Elon is doing is bad and won't benefit crypto anyway. He just wants to make money no matter by promoting a shit project or doing unnecessary tweets about crypto bitcoin.

Elon Musk make some people panic and change how market price from green to be red and almost time he made red market to be green, many people make him as key how bitcoin and altcoin price going on, I think when trader and investor never heard about what he said exactly when make bad tweet about bitcoin or altcoin never any impact to make bitcoin dump or altcoin going to lower price.

not all of them, he owns a pretty big bts so if he says it has had a huge impact on the crypto market, his tweets make the market go up and down fast because a lot of people believe him

He is rich. People will follow whatever the fuck in this world he tweets and they'll take it as a investment advice. It is like them getting whispered "hey invest to this coin, psst don't tell the whales ok?"
People would dream to be like him... maybe not to be one of his employees but maybe his success.

Elon Musk is an extra person in this market, he has a very strong influence on this market. Because of his posts, the price of Bitcoin collapses, and after that the entire cryptocurrency market falls, and Bitcoin at one time hinders the development of other promising projects, as it pulls their price to the bottom.

You guys should stop blaming Elon Musk alone for the crash. He wasn't completely responsible. There were other causes too, starting from China throwing people into prison for mining bitcoins and ending with various rumors such as more strict regulation on bitcoin. You see, it alone cannot cause the price to crash or rise. We didn't any difference when he tweeted he/tesla has diamond hands, did we?
People do dream of being his employee.

Obviously Elon Musk was manipulating the crypto market with his tweets, just wondering why a grown up person will make a decision to buy or sell a coin based on one person's opinion, it's really stupid honestly, his followers literally take every tweet from him as a financial advice which isn't the way it should be, Elon Musk needs to stop manipulating the market with those tweets, it's getting some people rekt.

He's more than a whale, most of whale who try to manipulate the market will definitely try to pay some media or certain group of fudders but with elon it just needs his own tweet from his own account that makes him spend almost no expense to manipulate the market.
Imagine if you have the power to do that, influencing people just by using your own freaking tweet and of course elon is manipulating the market like so hard, there's reason why he keep taunting the whole crypto community despite SEC warns, that is for his own benefit.
and he got all the time to keep doing just that.

Elon Musk made the price of bitcoin very high and made the crypto currency more famous and widespread, it is undeniable that the price could reach its highest point because he always tweeds and that makes the price rise at the same time people buy bitcoin, most likely Elon musk has already made plans by buying bitcoin first at the lowest price and selling it at the highest price however it can be seen that at this time his position has made a lot of profit and has started issuing fud making the bitcoin effect continue to fall until now.

I guess its a YES that in some point Elon Musk manipulated the market by some many ways such as by posting in his social media that created a FUDs and panic to his followers and then after then retweet again to create FOMOs. I can see that he is the latest version of John McAfee and will definitely fall down soon.

Elon Musk is one big market manipulator because of the fact that he either creating a FOMOs or FUDs that destruct the fundamentals and the normal volatility of the market. Because of his childish act he is on sight of the famous hacker "Anonymous".

He surely is the latest version of John McAfee.

The shilling that was made by him was successful and many have bought Dogecoin until it drops in price. While the other people that have much influence in the market didn't even say a thing during the bull run.

But him, he literally took all of his time to do what is necessary for him to take all of the money from those blind investors.

Every time when Elon Musk make tweet could give big impact depend what kind of Elon Musk tweet, when he make good news bitcoin and altcoin price will going up but when he make bad news just see bitcoin crash, maybe Elon Musk have magic to make market manipulating and depend what his words bitcoin and altcoin price going on.

Actually not many people believe in him, but there are some big investors who believe in him so they can control the market quickly in any situation, and now I think there are few investors who believe in him.

with what has been done, his popularity from the views of his followers has also decreased. who believes in a person who tweets in the morning and then in the afternoon speaks differently from what he has been tweeting on social media.

Many people are not confident so they are influenced by what he says, good and bad news is very influential, what's more with what is happening now Elon Musk as the richest person and known throughout the world he is a very strong influence so people will follow what he talk

Elon Musk obviously was one of the famous influencer in the world of social media. In short, He is one of the great manipulator in this field of business industry. But I wondered why at this point of time He never post anything that will dogecoin could rise. Because if it is true that every time He posted in twitter about positive in Dogecoin why not now, it is his chance to announce to all Doge enthusiast to make it rise again while Bitcoin was in dumped situation.

I'm not surprised at this. All the same, everyone who did not come out with BTC will be long-term with a good profit. If you are exiting now fixing losses, then you have no place in this market.

Where is Elon Musk now because one week without any tweet about bitcoin or doge coin, I am waiting after make bad and fud about bitcoin or altcoin I am waiting with this person to make good news. Elon tweet still miracle because can make people panic buy or sell and happening more than three months after Elon made tweet about doge coin until bitcoin.

Well, hopefully that he's only going to make good news about bitcoin.

News about adoption and his company Tesla accepting bitcoin again. I think I've seen some screenshots that he has posted again about going back to what the usual of accepting bitcoin again.

But it has to be about clear with the energy consumption of bitcoin. He has also stated that he has sold 10% of their bitcoin holdings just to prove its liquidity.

I think Elon Musk did it, just a few hours ago I received news update from CNBC if Elon Musk and his company of Tesla will accept BTC again, because of reason, he found some Bitcoin mining activity is already use renewable energy that more green. I think he knows about it, before make statement about Bitcoin mining is not green and high electricity cost.

It takes a whole lot for a single man to be able to determine the ups and downs of a particular coin in the crypto market and not just an ordinary coin Bitcoin for that matter. Looking at it from my angle I will say it was because if personal height the individual has gotten to. Taking Elon Musk as an example you will know that this man has achieved a lot. He has built a multi-billion dollars business, and it's natural for people to always listt to whatever he said. With over a million followers on twitter allow. He sure knows how to manipulate the market.

i see yes elon musk manipulating the crypto market, otherwise for his tweets, why the market up and down?
while he tweeted about btc will accept for buy tesla btc price up, and after few days when he suspended btc payment (due to high cost of electricity) then btc was down, also he manipulated doge coin.

He is doing it again and the market is going bonkers. He is doing what any rich person will do to make more fortune for himself and people are falling for his tweets like he will create something great for them. At the end of the day, he will buy himself with all the profit he gained by manipulating us. The BTC price now claimed the $40k mark and fell below again. These manipulations have to stop, otherwise, the credibility of bitcoin will be ruined because of these people.

He made his tweets and his followers move according to how he pointed the directions, his influenced really creates market movements as there are people who believes on him. He alone might having a hard time manipulating the market but due to his popularity he can made an statement and people blindly follows him.

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he's making more money each time he make his move, not just by chance but there's actions that simply giving the hint that he's doing his stuff again creating buzz and he's followers are buying it again.

Yes, now in general he (Elon Musk) is a very smart and authoritative person in the real world, so obviously knows about it even though he says otherwise to the public, because it is also a strategy for him in developing his own business into the world the direction he wants, so don't be too influenced by his words on social media.

So many users want to be like Elon Musk because we want to manipulate the market if we have the opportunity to do it. That's true. The last time I remember when he tweeted about the meeting of Dogecoin devs. Dogecoin prices were moved 20 percent. Who wants to miss those opportunities?

With the news that Elon Musk will always accept bitcoin.

Manipulate the market? More and more I agree with this.

Apparently he sold 10% of his bitcoin, he only made a fool of himself believing that he was going to overturn the BTC market...  ;D ;D

No, he doesn't manipulate the market through his tweets but all those ideas made several people rant on their assets. It gave them different perspective about the future of their holdings.
Elon was only speculating, and I believed that he also holds bigger quantity of cryptocurrency. So in this situation, he was really an iconic personality who've been taking serious outlook towards bitcoin and other cryptocurrency coins particular with doge which he also known to be positively driven.

From an investor's perspective, quite effective though as it really shakes the market. BTC was almost on the verge of returning back to less than $30,000.

Rather than think of only Elon Musk, people should take the advantage of accumulating on the dip he created. He's maybe manipulating the market but the dip is the opportunity for us too as we should admit, most average traders are having difficulty accumulating some altcoins that were being pushed up when BTC price is making a rally.

Yes he does, he want to try to manipulate it, many people ride on his hype about doge and bitcoin, but as many of us can see that he's intention is to control the market, well we're all change our course about him, he is like John MCafee now, who are nothing in the crypto's space.

I think Elon Musk will have a bit of leverage with his Twitter maybe to lower the Btc price but if we get carried away by such news then we will lose and lose a lot of money you invested.

We do not sure but I guess he's playing the game and feeling fun with investors money bleedy :( so sad about that.
With his reputation so easy to make money via this market as all of us can see. The market too weak just some tweet from KOLs
This will be difficult to mass adopt in the real-life

Not only he is manipulating the markets but lately he is also blackmailing as well. Dude is saying he wants clean energy from miners or basically he will sell more. He said he would be not accepting bitcoin for tesla basically but that was like saying he could sell as well, if you are not buying anymore then what does that mean? It just means that he will keep selling more and more and more over course of a time period while not buying any.

Long story short I feel like dude is just saying "let me rule crypto world the way I want to, or I will keep saying bad shit about it and make it go down" and that is just a horrible thing we are in right now. Weren't we suppose to be decentralized? I mean how can some rich dude manage to do something like this and we can still call ourselves decentralized? I am very worried about the future of crypto if this keeps happening.

so here many people emphasize that btc is specifically for strong hands. At first I didn't understand what the word meant but after seeing 2017 and now many have lost in btc as a result of this temporary decline I understand why btc is only for strong hands.
because basically everyone has a sense of panic especially with regard to their assets. just try if they change their mindset to be more relaxed and don't think too much about a temporary decline because of this billionaire fud I think many people will not worry too much about btc going down now because they are sure that btc will go up again over time

Exactly. People are foolish enough to follow one person for all of their crypto-related investments. Elon Musk may be a multi-millionaire but that doesn't make him smart. He doesn't seem to know much about crypto/Blockchain tech these days. Investing in Dogecoin without doing a research about its technical aspects is more than enough proof that Elon Musk is a newcomer in crypto land. He's only been manipulating the market with his comments across Twitter for his own financial benefit. Newcomers into crypto will become "rekt" once their investments go all the way down the drain.

Dogecoin may have benefitted from Elon Musk's comments, but the effects won't last for long. Anything above 1 cent (USD) per DOGE is considered overpriced these days. Imagine if Dogecoin hits $1 with Elon Musk's constant shilling. It'd be insane! I'd suggest anyone to stop following Elon Musk and just follow a cryptocurrency project's development progress. Concrete results is what matters above all else. Just my thoughts ;D

Then what is the solution so that everyone is not affected by the tweets on Elon Musk's twitter account?
because most of Elon Musk's followers today still really believe in the words of Elon Musk.

Yes, Elon Musk is messing around with the crypto market, he first started with just tweeting dogecoin meme which he used to pump up the price of dogecoin, same thing with bitcoin when he announced that his company (tesla) has started accepting bitcoin it helped bitcoin pumped to over $50,000+, then after that he made a fud tweet about bitcoin mining affecting the environment, that tweet plus China fud made bitcoin plunge down to $30,000 and its really annoying, the crypto market should never depend on what one person thinks about it, he's really manipulating the price abd sine people are getting rekt for it.

Is that true that Elon Musk has the capability to control and manipulate the whole crypto market? I doubt it. I think there are other whales behind it and not just Elon. Good to ride on what's happining in the market. Buy more now and hold because market start recovering again after a few dump. It's not a bearish market yet, so hurry up and fill your bags.

I think the best way to approach this matter, is if you can't beat them, join them type thing. We can't stop Elon from tweeting what he wants, so why not take advantage of the market whenever he tweets something about crypto? Though he can't manipulate the market because no one can, but he has somewhat big influence in the market and influence how people think about it. And if you are a long time crypto user, I guess by now, how to react on this kind of hype.

that's what i am thinking about, as a long time crypto user i could say that just keep an eye on his tweets also, that can be the cause of biggest profit for most of the people. We should adjust ourselves to the situations and prepare for every up and down.
Also I think that crypto up and down related to his tweets will be for a little time as people will insult their minds from his tweet with time.

Elon Musk make many trader and investor panic and he can manipulating of market price, after his tweet many people will panic buy or sell depend what kinds of Elon Musk tweet, I see here many trader can't hold and keep waiting when Elon Musk make bad tweet about bitcoin, they look panic for selling assets although loss much, just few trader keep holding and waiting until Elon Musk back make good news.

He is not manipulating the market, market manipulator is whale. Whale use his tweet as a news to dump their token.
When elon tweet something then whale dump or pump the market base on the tweet. So people will blame elon and its tweet. Another matket dumper probably silk road seller who just going out of jail considering there are many transactions happen from 2012-2013 wallet in May.

Elon Musk made changes to his tweet. First he said that Bitcoin is a digital currency that can be used in Telsa companies. Then he left Bitcoin and sold it in bulk, and by saying that Dogecoin could buy Tesla cars, so people raced to buy Dogecoin, and sell Bitcoin. So what do you think about this kind of tweet?

His tweets loss power within few days, and soon after the same he does something else adding the term Bitcoin to it. This way he tries to keep the market moving upward and downward. At some point people have started to make their price predictions based on his statements. This has caused more users to have a better earning out of trading. Now also his statements have impact on the market, because we can't say he's been unfollowed by the cryptocurrency users.

There is not even a need to ask a question like this.  ;D  Of course, he is manipulating the market and I bet he is enjoying it as well. Besides, Tesla has made an incredible amount of investment into Bitcoin. I assume that Elon Musk isn't happy about the current situation. And he wants to make things easier for the market to rise again in the recent times.

OH, so that's why the SEC is after him and that's why he had to pay a fine to them 2 years ago, because he doesn't do anything wrong and it's all people saying bad things about him.  ;)


Yes, he was speculating for his own benefit and at other people's expense.

He is enjoying it because it's very beneficial to him. He's aware of what such words coming from him do in the market.
He is happy in the situation that he's manipulating the market. He might have bought a lot but later he had sold 10% too.

Elon musk must get karma for his treatment in the cryptocurrency world which is clearly manipulating the DOGE market by taking personal gain.
He deliberately targeted the cryptocurrency market because of the very high volatility and also the economic percentage against the USD is not too large.

The anger of the residents of the crypto market has peaked and this is the effect of Elon's tweets arbitrarily manipulating the market in his favour, this deserves to be accepted by Elon as a consequence. He's clearly glorifying doge and trying to bring bitcoin down, he's even tweeted that butcoins are a bad thing.

well, he has the power for it. the most real coin being manipulated is the Doge. however, currently the price of doge is also decreasing because the price of bitcoin is falling quite deep. well, for now, there has been no significant movement from Elon to make bitcoin prices or doge dumps or pumps. however, it's very clear that the coin's price hike is currently being driven by the posts updated on his twitter.

DOGE now lost nearly 70% of its value from its ATH when Elon Musk was actively shilling it. If I were him I would feel bad, but that guy doesn't feel bad. He also doesn't feel bad for his thousands and thousands of employees who work under bad conditions, low payment and an atmosphere of psychological pressure. Too bad he made fun of people in the crypto scene because some of them are from poor countries who may have trust his words a bit too much.

The guy is a narcissistic clown, how do you expect him to feel anything? I've lost every bit of respect for this clown, I saw his true character and I tell you this guy is a dangerous dude, hopefully people won't forget this because his agenda is long, he still has many things to "implement" for the human race and plans to deceive many.

Is Elon still manipulating the said coin? Many weeks have passed since he actively engaged in both Bitcoin and Dogecoin. But I have not heard anything other then the SpaceX coin ads there are frequenting Youtube ad space. If it is true that he is developing his own cryptocurrency, then it will be sure that he will abandon Dogecoin and will be concentrating on his own coin. We can see a massive drop in DOGE and those who bought during the ATH will suffer greatly.

There's no need to blame someone for this even though it's clearly a very bad effect, because the Chinese state has also issued news to limit Bitcoin so that the downside effect can be bigger as it looks now, so stop blaming just one person, even if he has ability for it.

Could be. For what I know, there's extreme market manipulation by those who want to get the most out of crypto. Usually, whales and the wealthy are behind the ups and downs. It's good for them, but not good for the average person like you and me. Until the crypto market becomes regulated, we'll keep experiencing "hiccups" along the way. Volatility will persist until everything is put under control. The more crypto/Blockchain tech becomes mainstream, the better it'll be for the stability of the market.

Elon Musk can try to manipulate the market by spreading either negative or positive comments across social media platforms. But people will ultimately decide whenever to follow his comments or not. I wouldn't worry about Elon Musk as long as crypto/Blockchain tech remains decentralized. Just my opinion :)

I must give credit to Jeff Bezos who wants to use his own rocket and fly to another planet together with his brother. I am curious to see when Elon Musk decides to put his own life on the line and use one of his own rockets to go to another planet. So far he hasn't risked anything except for money, and even that is doubtful.

Elon wants to make big profits from the market especially profit from the shitcoin doge that he holds.

wtf....hey dude, go to your local board.

so Floki will be the next shit memetoken, i think the market became a zoo because of Elon.

he is playing again in market and from Doge case we should learn if trapped here our money will loss. Shiba inu be next subject for elon to make manipulation and unfortunately traders reacted with this tweet. Shiba price didnt pumped alot while elon shill it , and looks like every one carefully and didnt response anymore to him.

Elon Musk got it promoted on mainstream media. This is out of the question. But have small investors suffered from it? Also yes. The problem begins with what goal does musk have and what profit? With Dogecoin statements, it shows me that he likes to fool around. He doesn't always care what he triggers with his tweets. Anyone who has taken a closer look at him in the course of his career will find that he does not always do useful things.  ;D

He's just got warned by the SEC, elon is the kind of guy who seems chill but actually opportunistic imo and if there's chance arise he'll definitely do that again and I doubt he spend so much time shilling just to retreat without real reason like that.
though it seems he's holding making some shill specially for btc because the market is rather bearish and his shill will have significantly less impact, he's just waiting for opportunity thats it.

he is shilling shiba inu now, elon musk start shilling shitcoin again in his tweet and unfortunately it doesn give serious impact to shiba coin price. elon quite for a while bitcoin price drop sharply maybe still arrange strategy to make bitcoin could recover again , as we know tesla which is his company hold bitcoin alot. soon or later elon musk will come back and tweeting about crypto again , maybe this moment he have another task in company which is need his time and energy.

well, even though we know that person is dangerous, but he really managed to move the price of crypto, especially bitcoin and doge. actually, I was quite impressed by that, to the point that he made the price of bitcoin fall by half of its ATH. this makes me think that currently Elon Musk has a big influence on the current bitcoin price movement. even by removing bitcoins from Tesla, and selling 10% of the bitcoins he holds, the bitcoin price dump is pretty severe.

Well, I can not say that Elon Musk is manipulated market in direct way, but I think it is kind of indirectly because of Elon Musk is a huge person in the society so his tweeted is giving a big impact in the market. We can see that so many people rushing to buy Dogecoin because of his tweeted and we can see now after the reverse tweeted, the price is dropping.

build Elon learns well from the response of his followers and crypto investors based on recent tweets about crypto, maybe he will do another way to create a new trend but not anytime soon, he needs to restore people's trust from his followers who lost respect from him

Yes Elon manipulates market, Who believe Elon tweet he will be distorted. I believe because of Elon enter crypto world just for making Money and people just blindly follow his tweet  lol

I thought so too, first he manipulated the price of dogecoin and now it has an effect on the price of bitcoin
a lot of people are affected by Musk's Fomo, and I really hate it

Elon Musk has too much influence over crypto's prices on the market. People seem to follow his comments on Twitter to either buy or sell crypto. They don't care about doing their own research, since they're only following the hype. As long as their pockets are filled with money in the least time possible, nothing else matters. I'm pretty sure investors will regret themselves once they find out they've spent their hard-earned money into a useless cryptocurrency like Dogecoin. It will all go down the drain once Elon Musk becomes bored of it.

Bitcoin's still struggling to get back to $50k, largely because of Elon Musk's negative comments about it. Tesla's decision to stop accepting Bitcoin as payment method, alongside Elon Musk's criticism of Bitcoin's high energy consumption, has led to the downfall in Bitcoin's price. How long will this keep up, is beyond me. Someday people will realize that it's not about Elon Musk, but rather about crypto/Blockchain tech making our world a better place by decentralizing the global economy. Once they realize that, crypto will remain resilient regardless of a single man's actions in the real world. Just my thoughts ;D

I don't understand why people still follow what Elon says.
we once saw him crack a joke with dogecoin on his social media. raised dogecoin but after that dropped it. so does what it says about bitcoin.
why do people like that still have many followers and believe what Elon says? they panic too easily and don't do research beforehand.
hopefully, he can be like McAfee soon.

Elon musk still has magic about his tweet and happen last day about new tweet baby doge, we don't know called about doge or not because now have new coin the same name with his tweet baby doge and listed on MXC exchange. Looks crazy why many people trust with new coin coming from his tweet and directly success listed on MXC.

we do not deny that fomo from elon musk is currently very dominant and that always happens with price movements from bitcoin, but all of that is certainly not 100% following fomo only from twitter but there are many other factors that cause prices to move up and down as far as examples have shown. described some of our friends above.

In my view, fomo is most powerful when the Chinese government provides policies for crypto users.

Always dominant with his tweet and Baby Doge coin was flying to higher price, I see last three days still lower price and now back above 500% and very fantastic increase price from Elon Musk tweet coin. I think when have great chance later if Elon Musk make new tweet about coin I will try entry early but sell faster, not any holding moment from shit coin because can be dump to lower price.

Of course Elon Musk does that only for his own financial gain, when he has bought a lot when a dump occurs then he will make a good tweet that makes the price go up and then he will sell it, sometimes I feel annoyed at that person for always talking nonsense

If he has this opportunity why wouldn't he use it? It's possible that he manipulated the market but markets overreaction is the real problem here. If market was mature enough there wouldn't be that manipulation by only one person. Bitcoin is way too powerful now, I don't think they can manipulate the market that big again. Bigger and more mature market is better for everyone.

That's the cycle that he does. He'll buy and whenever he's ready to pump it, he'll tweet good things just as the usual guy that pump and dump. You'll always get to see him do that whenever he's done buying. And when he's done selling, you'll barely notice his actions.
That's how he manipulate the market, when he buys, tweets good and vice versa.

From announcing that it does not support Bitcoin payments to supporting Bitcoin payments, you said that he did not maliciously manipulate the market. This is absolutely impossible. 1.5 billion US dollars entered the currency market, supporting Bitcoin all the way. Then according to what he said, he bought 10% of the Dogecoin position, then shipped it, suppressed Bitcoin, bought low, completed the operation of selling high and buying low, saying that he did not manipulate the market. Impossible.

I believe Elon Musk is manipulating the market .it's a terrible thing.Elon has a very strong personal influence,so his trading decisions on Bitcoin and Dogecoin have affected many people.If an investor trades based on the views of an investor's performance currency, it is likely to become a victim again. Sk's view may change, and he is no different from other traders in this respect.
 In fact  large institutions and big fish like Elon can unscrupulously publish various opinions that affect the market, and then cooperate with funds to cut leeks, and no one cares.

Let's just say, when there are enough new ideas on the market in order to invest money in them, people like Elon Musk will again be able to have some influence with the help of their social networks on the market.
All the same, he is a cult character with a huge amount of money and influence, which means that one way or another he influences the audience.

Look God in cryptocurrency and almost investor make Elon Musk as guider which one coin to buy, I think Elon Musk is most greatest hyper person because late few minutes from his coin tweet you can loss more than 30%. He has many team and I think before make some tweet he has ready to sell coin, after all his assets sold look price dump and never come back to higher before any new elon musk tweet.

Well I would just call it that he has too much influence to his followers instead, because from how even the media reports his words a lot. He does not have direct control of crypto especially Bitcoin because of course, the usual word decentralized.
His followers, maybe not all, are all just blindly throwing their money to crypto and he would just hype the crap out of it in hope that he will gain more followers from the community of the coin he brings the hype at.

there are 2 points of view that I can give to Elon Musk, in the first point of view the presence of Elon Musk in crypto can provide a positive value, but on the other hand he is just a selfish person who only thinks about his personal gain to increase wealth. From both points of view I conclude that Cryptocurrency will continue to improve even though Elon Musk is no longer participating in it

I think he is having fun with the market. As you can see he is supporting a lot of random mem tokens. For example mom doge, damn it's sick :) Only a sick person will do it having such a huge power and influence on the market.

Elon Musk in my opinion is a very influential person in the crypto market. And I agree that every time he issues a statement it will have an impact on the price of the coin. From my observations, Mr. Musk is a Doge lover. If anyone thinks that he is just manipulating the market, to me, that's his greatness.

Elon Musk very enjoy moment how to earn much profit with cryptocurrency and he try every time to earn profit by his tweet, I know many people still waiting when he make new tweet about some coin, now not only doge coin but also many shit coin tweet by him price up above 300%, but never let chance when late for entry you loss your money because price dump.

It seems that the latest tweets from Musk still continue to affect the meme token rate, as it happened after the mention of the Loki series consonant with Floki pushed the price by more than 90%.

https://i.ibb.co/5xrfhjx/2021-07-10-184051.jpg (https://twitter.com/elonmusk/status/1413738280114339843?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1413738280114339843%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fu.today%2Felon-musks-tweet-about-marvels-loki-turned-into-floki-inu-pump-by-meme-coins-fans)  https://i.ibb.co/PY1KzNF/2021-07-10-184355.jpg (https://www.coingecko.com/en/coins/floki-inu)

Many people disappointed with Elon Musk right now and try how to kill this person because make them loss much in Doge coin and now dump to lower price, I think never try to buy hype coin where advertising by Elon Musk, just growing up few second and then coin dump under your expectation. Make doge coin as your learning for later if Elon Musk make new tweet with new coin again and keep careful for entry or not.

I agree with you, but whether Elon Musk's tweets on twitter have a big impact on Bitcoin, I haven't found any accurate evidence of Elon Musk's big influence on Bitcoin.

However, I followed the posts on twitter and other media, people are very sure the price of bitcoin will drop after his tweet, can friends give a little reference, that Elon Musk's role is big in the next few days to answer my doubts .

It's true that Elon Musk manipulated the market to profit financially, considering what he was doing was theory influencing people to distrust. This means that there is some kind of concept that wants to be done to destroy the price of the coin, then when the chaos occurs he will buy the coin on a large scale.

I don't think it's that bad, besides, i think there are some big whales using Elon Musk's tweet to manipulate the crypto market, not Musk. This is what we called celebrity effect, but do not worry because of one day it will fail.  IMO, this round of Bull has three hypes: DEFI, NFT, Elon Musk.

If Elon would not benefit from his tweet, why would he keep tweeting?

He knows that his influence is big, his statement can make the market move and that means he can manipulate the market.
Of course, we can never prove he is manipulating the market, but the way I see it, he is probably manipulating the market now.

Think this way, he is a billionaire, he has all the resources to move the market, and his tweet is very influencing.

Well, He have that big impact not on Bitcoin but on the whole crypto market, You can see it's impact on some altcoin especially meme coin like Doge Or Shiba, The price rise more than 10x. He was the billionare and internet celebrity too, He have the power to move or manipulate market with his audience for sure but for now it's only for non-crypto people i suppose since last his decision really give negative impact to the crypto market & community.

If Elon Musk or an influential celebrity tweeted, everyone might consider following the decision, but now if Musk tweeted again, everyone might not care, only a small part of his fans will to support his decision, there are still two days left on the 21st, and we will see what Musk tweeted at that time.

He is definitely manipulating the market, but it is very hard to prove that he is gaining from this manipulation. He has already made it clear that he don't own any BTC or DOGE. So we can't argue that he is manipulating the markets for his own benefits. But that doesn't rule out the possibility that Elon is indirectly benefiting from the manipulations. For a billionaire like him, it won't take much time to purchase cryptocurrency anonymously through shell companies. The ownership will remain hidden, as these companies are set up in offshore tax havens such as Cayman islands.

I, for one, have a different viewpoint; admit it or not, Elon has his own allure, with both positive and bad tweets influencing the market price. If you pay attention, this is more for businesses that need quick cash to prepare for the execution of structural or non-structural work that will be completed once the contract with the owner is signed.

Elon Musk will talk about Bitcoin with Jack Dorsey and other participants as part of the "Word B" conference on an online panel that is scheduled for July 21. https://www.thebword.org/c/the-b-word

His tweet is more or less relevant in the market right now, he has lost the trust entirely unlike before, the market will bounce back stronger than before, there are lots of other manipulation from other whales, I think it's high time the market is being regulated, severe Fud from the press just to buy at the dip, and there by releasing a bullish news all prone to manipulations

Both sides are prone with manipulators, they know what they've doing and they will continue enjoying the luxuries since people are not learning the right ways of investment.

Always stay away from any news that affects the market and rely with how you understand the situation. Manipulation starts once the
whales see the opportunities, if everyone are aware of that and will keep on their own assessments,

the power of whales will have no direct impacts and  chances of changing their positions are very high.

No doubt China Fud has more weight than Elon, but I think that we are now used to China Fud, Elon Fud as at then came as a surprise to the crypto world entirely, with or without price manipulation, cryptocurrency remains one of the most popular forms of investment no doubt, I just hope that the driving force of the manipulators subside to the bearest minimum

I think Elon Musk is trying to maneuver, hoping he can move Dogecoin, but can we believe that Elon Musk has an important role in raising the price of Doge or lowering the price of BTC, isn't the concept in business that the higher the demand the higher the selling price.

I think Elon Musk is just trying to bluff and manipulate the crypto market under the pretext to increase his profits personally, crypto can't be linked to one person because of his existence, if the influence is big then the chance to drop Btc price is much more profitable, and why not just do it?

There is a desire that Elon Musk does not convey to the public about his tweets, I see this for personal interest, but what he does there are two possibilities that occur, first people think Elon Musk has an important role in Crypto, second is to beat the market, then people need like Elon Musk to undercut the price of the coin.

So there are people who feel benefited from this incident, one example is people who invest large amounts of doge when Elon Musk criticizes in various media, then the price of coin doge goes up meaning they benefit financially, but overall we don't see that big of an effect his criticism.

Musk at the last online conference "The B Word" confirms that he personally owns BTC, ETH and Doge, he also says that both SpaceX and Tesla own BTC and they do not sell.

Elon musk is just trying to make more money the easiest way that's why he choosed doge coin over BTC and ETH, I know many are going to hate him for it but if we all find ourselves in same position we will do the same thing

Another market twist after this event? But better than nothing, if the fall continue might take a while but the recovery,
as weak holders will sell out and will stop investing.

With this market positive movements, another chance for newcomers to notice that there's
money that moving greatly and the potentials is still high.

Let them bring good news and attract more investors, at the end of the day it's your hard work by doing research will
play the big role in succeeding from this market.

It was a very real manipulation, everyone finally knows how the real Elon Musk is, now Whatever Elon Musk tweeted on Twitter had no impact at all, I also recently saw him tweeting about a coin similar to dogecoin but it has no effect, I guess we all don't believe him.

I don't think his tweet has no more impact at all, maybe there's still a little impact and I think that makes him stays confident on still shilling. Have you heard, he made a new coin of his own already? well, if he doesn't believe he can still attract people to invest, he would not make his own coin.

Now the market is struggling, we will see a lot of negative comments about Elon but when the market was still bullish and there's a warning, people just seem to ignore it.
 

Everyone is sad after knowing what Elon is actually doing, in the end we know, Elon Musk supports cryptocurrency only for himself, to benefit, by carrying the name tesla, after some time, he started to undermine that trust, and now I myself will not follow what elon Musk is rumored again.

The way Elon tweeted was provoking that is true, and he wanted to play around a bit. But from another standpoint it is also unfair to say that anyone who is a multi billionaire and can move a market is also a manipulator. It's like when Warren Buffet announces the purchase of a certain company has been completed and it goes up afterwards by X%. Does he manipulate the market? Should he be forbidden to talk at all in public? That's a delicate topic.

what we hope is not a ban as you mean. it will probably focus more on Elon's tweets that don't play tricks on their followers to change market trends.
you can see how easy it is for Elon to say something contradictory, it's clearly a game that was intentional by Elon.

no matter what you do, after all, Elon and other friends, have tried to enliven the crypto market in their own way. many say he is a loser in the future. but we hope he will stay well and continue to speak well for the crypto market.

Elon Musk is just an ordinary guy, Elon Musk doesn't manipulate the crypto market
his loyal listeners manipulate the crypto market

I don't blame people who hate him but when Bitcoin has become a valuable asset then it can't be separated from the entanglements of the people who influence it
Elon Musk seems to have merged with the crypto market, it's just a matter of how we respond to his every word

He not manipulated the market but make many people blame and always doing what Elon Musk want, when Elon  Musk first time tweet about cryptocurrency and Doge coin pump because become his favorite coin, tweet several time in one month and make many people blame and buy Doge coin, although success raise to higher price many people blind when try to buy doge coin on higher price.

- The community is turning on shields to block the effects of Elon Musk from uncertain emotions on social platforms and with such a sense of attention and vigilance plus the market seemingly unchanged by Elon Musk, it's hard for Elon Musk to be a hot name again. However, I'm pretty confident that after further rallies, Elon Musk will win another ticket as long as the market needs to react properly and the flounders will know how to make Elon Musk's presentations the most effective.

That fact has opened the minds of many traders that if Elon Musk efforts are just manipulating prices, there are many other facts if you want to examine them further. Elon's last statement at the B world event responded positively about btc but is he committed to continuing to support btc in the future?

In crypto Elon doesn't have any influence that makes him able to make a pump from a single tweet it's the influence of his militant supporters who believe in Elon so much and take advantage of it. this is not an influence that comes from crypto, indeed he is an influencer who can bring his followers to be here. and coincidentally the people who believe in him are people who are new to cryoto and still don't really understand the system here so they will all believe what Elon says

unfortunately yes, Elon Musk continues with his tweets to heavily manipulate the market but we hope that this time in the right direction, he said that his industries / tesla will definitively accept bitcoin just hope that with this statement all altcoins will have a great increase in value /price

I don't know how true this is, as far as we know, Musk himself has not voiced it yet, but Twitter @MasterChangz reports that Tesla is buying a plot of land in Nevada with an area of 300,000 m2 for the construction of the largest mining center on solar energy, in any case, we will soon find out if this is really the case.

Clearly, Elon is manipulating the market considering how big his assets are and how influential he is to persons who are A: under his relevant network in the crypto market or B: people who are new to the market and are lazy to do their own research and rely on big people like him for advice, well, in fact, they are fool into playing his strategies for his own good. But on the other hand, if those people have won through him, then I see no problem in a win-win situation. It's just a matter of our own judgement when it comes to trading, investing bitcoin and other coins connected.

You are right, there are people who really benefited from the Elon Musk manipulation,  just like the growth of DOGE, if they bought at a cheap price and sell at the right time, they are in big profit and they'll be so thankful to Elon Musk. Unfortunately, we have late comers who are not in the right timing, they accumulate DOGE at a high price, now they are holding and holding DOGE will bounce back and bring them some profit.

It looks like no. If I'm not mistaken, at the last conference dedicated to bitcoin, he said that he has bitcoin, but how did this affect the price? No way.
Because the price changes not because of Elon Musk's tweets, but from completely different things.

Tesla today published quarterly profit figures where they indicated a loss of $20 million from investments in bitcoin, which is significantly less than the projected loss of $100 million. https://tesla-cdn.thron.com/static/ZBOUYO_TSLA_Q2_2021_Update_DJCVNJ.pdf?xseo=&response-content-disposition=inline%3Bfilename%3D%22q2_2021.pdf%22

https://i.ibb.co/m8NP0Dw/2021-07-27-122358.jpg (https://tesla-cdn.thron.com/static/ZBOUYO_TSLA_Q2_2021_Update_DJCVNJ.pdf?xseo=&response-content-disposition=inline%3Bfilename%3D%22q2_2021.pdf%22)

someone like Elon Musk is a sly businessman who has big capital of course what he does is only for profit without caring what will happen to other people, as well as joining him in crypto, I think he only benefits from what he has done and in the same way he has manipulated the crypto market.

When you look at his tweets precisely, he didn't really play tricks. It is a lot about the people and their tendency to interpret stuff. Imagine how many things Elon Musk should not be allowed to tweet such that people stop interpreting whatever he tweets. If he tweets a banana, everyone is looking on coinmarketcap whether there is a coin that is called banana coin. I mean seriously, that is also nuts, not by Elon Musk, but by the people. Whatever he tweets, people will freak out and come up with stories.

There are people he helped to make huge profits and from getting rich and these are DogeCoin bag holders but a majority of people are not lucky to make profit from the Dogecoin hype and these are late investors on DogeCoin, we could have reached the $50k level if not for Elon Musk interference I still believe he has influence in the market, he is beginning to be like the late John McAfee in his influence in the market.

It's a very natural trait to happen to everyone, because if anyone had the same abilities as Elon Musk now, I think he would also do almost the same thing as Elon Musk because the human passion is to seek as much profit as possible for himself without looking at other people around him.

yes I think not one hundred percent Elon Musk is cheating the market, because the crypto market so many other billionaires are competing with him, maybe Elon Musk is manipulating the crypto market, he is the richest man so many people can accept his words.

in the market we will not see people knocking each other down, unlike in real business. here indeed there is an opportunity to make a profit by increasing the price, by influencing other people to buy it too, by using a large-scale purchase stimulant so that the price experiences a bullrun, it will be an attraction for other people to buy it too, and for that, as investors we must good at handling this kind of thing

The way you talk feeds exactly into the hands of people like Warren Buffet and Peter Schiff. They say that Bitcoiners only try to influence others to buy it at a higher price, which then leads them to feel motivated to find an even greater fool to buy at an even higher price. Bitcoin is much more than speculation and we shouldn't influence people to buy it, but educate them to enable them to make an informed decision on their own.

Elon Musk is a human being who has the most assets in the world and if he is able to manage it well and execute the strategy he wants, I think that's fine and not a problem, because he also wants to make profits like other billionaires in the crypto space.

Yeh I think Elon Musk is the person which really little bit manipulating the Crypto market.
Because everyone know that he is now world wealthy man so people surely trust on him. So when he tweet about bitcoin or other Cryptocurrency many of people buy them.
While when Elon Musk tweet against Bitcoin many of people sell thier Bitcoin as a result bitcoin price goes down.
So that the thing through which Elon Musk manipulate the market.

Elon Musk knows that people in crypto are looking to make a quick buck, so he manipulates the market for his own benefit. It's why Dogecoin went from being worth nothing to almost $1 (USD) since the beginning of 2021. Bitcoin also enjoyed high gains with an ATH of nearly $60k per coin. Now that Mr. Musk stopped tweeting about crypto/Blockchain tech, the market has stalled. It's yet the day where major cryptocurrencies like Bitcoin and Ethereum are struggling to reach a new ATH. I bet Elon Musk made a lot of profit by pumping Bitcoin and Dogecoin. The current dip makes a great opportunity to buy coins at a discount to sell them at a higher price. Elon Musk knows this opportunity so he's taking advantage of it by spreading further criticism against Bitcoin to fill his pockets with money. I hope the market becomes resilient over time where a single person's comments will not affect crypto's mainstream demand whatsoever. Just my thoughts ;D

We all know crypto is speculative in nature and what these markets wait for is for someone with a match stick to start the fire, and unfortunately Elon Musk is the person with a match stick these days.

With a few tweets here and there about bitcoin, dogecoin etcetera the markets react with what has been said which is a form of manipulation, of course other kinds of manipulation do exist the most common being the whales use their crypto bags to influence price which isn't what Elon is about .

Some a people say that Elon Musk is manipulating the crypto market, and until recently I didn't understand what he meant by manipulating the market. Because of the crypto trend in 2017, Elon Musk's name didn't appear in the crypto world, but it's happening exactly as it is now. The price of crypto pumps sharply, and after that it donws. Who did that? And where was Elon Musk then? And why not say market manipulation?

I see the cryptocurrency market as big as it is that it is still subject to a lot of fundamental factors. That is why it is easy for market to move when people of influence have a hold on the market and are able to influence price movement.
A lot of people see this as opportunities to make a quick money but, thosr that influence the markets make a lot more money.
So i believe Elon musk actually manipulates the markets for his own personal financial gains and the unregulated nature of the blockchain market helps this to happen

Yes, I agree with you on this concern. Elon musk tweets more about doge madly because he said that doge will beat bitcoin is it possible. Though we know that in crypto currency everything is possible but I think it is impossible. We should know one thing that is in crypto platform every one is the trader here some one will loss and some one  will take the profit. Here Elon Musk is not excluding but we have to day that he is the influencer in the crypto market.

Elon Musk got it promoted on mainstream media. This is out of the question. But have small investors suffered from it? Also yes. The problem begins with what goal does musk have and what profit? With Dogecoin statements, it shows me that he likes to fool around. He doesn't always care what he triggers with his tweets. Anyone who has taken a closer look at him in the course of his career will find that he does not always do useful things.

Does anyone here know Elon Musk closely? No, we don't know him, what we know is that his company and how useful it is for the innovation of the world, this guy was popular with his tech, so when he enters into crypto, people believe that they can follow him and make some money too.

In short, he is using his popularity and there's no proof yet he is manipulating the market but based on how we see, he is manipulating the market.

What to think, when it known to all that elon musk already done such manipulating serveral time and thats only because making more many. He has millions of followers and he is using millions of people'r power indirectly, to fulfill whatever he want. Its clear that he has large contribution behind bitcoin recently halving from $60k to $30k. Even few weeks ago, he tweeted for vote about telsa should accept doge or not! And it is clearly seen that, another manipulation is about to happened soon