Bitcoin Forum

Elon musk knows he got a big influencial on trending people that likes to follow the hype media and new day trends.

He is only trying to manipulate hes followers to lower the BTC price and just buy  bunch of cryptos for cheap.


Kinda obvious but not so much for many ? :D

This has been the strategy of whales even before we come to crypto so how come that Many does not know this?

I don't think that his manipulation is still happening now, it does not matter to many anymore specially me.

It became obvious when we've noticed how he's too die hard to send the price of bitcoin down by discussing about its "energy" consumption.

Well the plunge that we're witnessing today is about Trump's telling bitcoin is a scam.

--> https://www.bbc.com/news/business-57392734

I guess he's in.

The difference is this one says it all unlike back then whales would act not talk about their plans.
We would just be surprised by the sudden movement of those whale and we don't even know if Elon is really doing what he is saying like holding or buying crypto.
We don't know if the wave comes from his wallet or from his followers.

I still don’t understand why sone people are so weak & sell if/when he tweets something even slightly negative. I wouldn’t want to go to war with these people at my side. I guess it’s human nature for some but you have to he stronger than to let your financial decisions be shaped by one guys tweets.

Elon Musk has 56 million followers and not all of them have good crypto investment management skills...

Many of his followers must buy/sell because they have been indoctrinated that everything Elon thinks must be followed, This is what makes Elon's tweets seem to have great power in the market.

Yeah he seems to be a demi-god or something, it’s really quite irritating. He shouldn’t be playing around with peoples lives, every time he does a negative tweet it gas an impact on peoples lives who are invested in bitfoin.

Elon Musk just initiate the dump and then it will be followed as a chain reaction due to the stop-loss trade orders and panic sellers, but anyone has the tendency to realize that how he changed his mindset about crypto currencies in the last 2 months was like 10 times. First, he supported bitcoin because no one in the crypto community will believe him if he starts shilling a shit coin, then he moved to doge now back again to back bitcoin.

Lol many of them are just science people in which believing in their project to the moon , and also many of those does not even know what crypto is all about,
this was just being Pump for their own purposes.

Just stay far away from these new bs he will do to scam your money. You can be sure of that because the word game is his game. He is still acting like a child trying to get attention.
Even though he cannot crash the market, he can still cause trouble for the small/weak investors who follow his moves.

But he is successful on those thing because he really caught the attention of the whole market.and even the community .
Because they care about their funds and that is how it works and that is what Elon is doing.

Maybe we can call him a two-face and do not have to trust him anymore because he does that for his own benefit. In the future, we will see more people will act like Elon and that people will come from a big person who has a lot of money. I hope Elon can be careful this time as he can be in danger if he talks or tweets about something he really does not know.

The man has already tried manipulating the market once, when it came to Tesla shares. He has discovered that the crypto market is unregulated and is trying to take full advantage of it.
His most recent attempt is more successful as we can see from the charts. Of course, he cannot crash the market as he wants to but he can cause trouble for ordinary investors.

That's right.

Crypto market is unregulated and he knows that his influence can be that much of a factor that can move the markets that he's going to attack or embrace.

And that's what we're seeing today. A total manipulation for him, I hope that someday that someone more powerful than him will backlash him or the community will stay together to boycott him.

Really hope the Elon hype will die down and it seems to be the case recently.  Not hearing about him in the news is just okay with me.

I think that most of the claims he makes are just extrapolations or outright fantasy. They might be entirely true, but it’s doubtful. But this doesn’t make him an expert, or even a good investor. I might be bad at forecasting, but even I can see that this is ridiculous.

No one wants to make others rich, they just pretend to be like that to increase the reputation which will give benefit to them in the form of money or the fame, etc. When someone blindly follows other people then their trust will be misused by the person which can even affect the community or society as whole so avoid seeing anyone as your cult or God, just get their knowledge through their actions.

We're not sure with that.

But if he's going to tell good things back again to bitcoin. We'll be liking that the hype that he's making. Although the fact is that we'll never know if he plays back again.

In the end Elon will fair his followers i'm 100% sure about that.