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davis196
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February 23, 2021, 06:22:34 AM |
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The ultimate market manipulator is at it again.
Are you being sarcastic?  It's kinda sad that we have to rely on Elon Musk only,in order to pump the Bitcoin price. A rich guy buying BTC and pumping the price by 10-20%.This really looks like market manipulation,but it is completely legal,I think. The crypto markets are still really,should I say,immature. Where are the millions of BTC newbies that will invest in Bitcoin and pump the price,so the price growth is combined with mass Bitcoin adoption? I assume that Musk will wait for another price correction back to 30-40K USD and then start buying BTC again. |
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TheUltraElite
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Activity: 2870
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Call your grandparents and tell them you love them
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February 23, 2021, 07:01:53 AM |
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The ultimate market manipulator is at it again.
Your post context and your post title are different though, I would call it a clickbait much like what Musk is.  Anyway, we all have seen how Musk has manipulated the market and instead of going through a steady organic rise made the market crazy and pumped to 55k USD and predictions were flowing it for touching 60k - now look the has dropped back to 49k USD and the downtrend is going on. This was what I tried to say in my previous posts. You dont buy at the top but sell. Musk probably sold his buying at the new high and now is smoking over his new profits. The losers are the ones who bought at 55K USD and now are at a loss. These celebs dont buy bitcoin after saying that they bought it. They sell at that time. So dont get FOMOed, you will lose. |
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3meek
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February 23, 2021, 07:32:36 AM |
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I'm sure Elon Musk has had bitcoins as well as other cryptocurrency for a long time!
Now he has skillfully manipulated the price... But there is hope that other companies will follow him and start buying bitcoin too...
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btc_angela
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February 23, 2021, 07:47:48 AM |
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The ultimate market manipulator is at it again.
Did he manipulate his own stock as well? Love him or hate him, that's how people make tons of money in crypto sphere. And we have complains about big whales before because of manipulation. If the market goes down because of Elon Musk manipulation, then so be it. But bitcoin is huge for even the richest person in the world to manipulation though. |
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shield132
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February 23, 2021, 07:57:34 AM |
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I guess, yeah, he will buy more bitcoins. He just found the easiest way to skyrocket his profits. He says btc is good = price rises, then sells his bitcoins. Then he will say again how exciting btc is, price will rise, the same will happen. Haha, it's so funny I can't even imagine whether I am in a dream state or not.
But since Karma is a bitch, I hope that when he buys bitcoins and says that it's great, opposite happens and price will fall until next halving, then this man will end up bad. But there is a low possibility that it will happen because this man has huge influence on people and has marketed himself very, very well, I am really amazed. But problem isn't in Elon Musk, problem is in the society that blindly follows his words.
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slaman29
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Livecasino, 20% cashback, no fuss payouts.
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February 23, 2021, 07:57:46 AM |
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I remember a few years ago when the JP Morgan thing happened where the CEO was talking trash about Bitcoin and then price crashed after that, people were saying he said it purposely so that he could get in cheap. And now people are saying the same about Musk saying BTC was too high so he could buy it below 50k again. Great move if it's true. It's not.
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mezzaluna
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★Bitvest.io★ Play Plinko or Invest!
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February 23, 2021, 08:40:47 AM |
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Elon Musk buying Bitcoin is possible but I guess he might also try and attract the users into an Alternate Cryptocurrencies like what he did to DogeCoin even though he did not buy some of it, he still boosted its value due to his influence. Its a good thing for him buying Bitcoin but he really should try and lay low because some sudden crash can leave new users that invested greatly devastated when they experience it.
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repear7
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Need Bounty manager ? Contact @repear71
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February 23, 2021, 11:19:04 AM |
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Not sure, Already he buys huge amount of bitcoin.
I think bitcoin will hit $70 k very soon. Elon musk can invest again, if bitcoin dumping. Price of btc is decreased today. The price change in 24 hours is almost 10k.
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BlackHatCoiner
Legendary
 Online
Activity: 1512
Merit: 7358
Farewell, Leo
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February 23, 2021, 11:26:37 AM |
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He seems to be very interested with cryptocurrencies lately and specifically with Bitcoin and Dogecoin. I believe that he likes the blockchain technology generally, but this isn't good for the market. The richest person in the world wants to make a profit from bitcoin, damn. We will see tons of pumps and dumps. The ultimate market manipulator is at it again.
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Altcoinsintel
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February 23, 2021, 11:30:36 AM |
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He could easily be fined for this kind of manipulation. Saying that Bitcoin's price is too high, when having invested already 1.5 Billion USD means that he either sold or he wants to buy more cheap. It is very bad move to make anyway and people that can influence millions should have more respect to their followers and not abuse this power they have. Meanwhile Tesla stock is also down a lot after this tweet.
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Vishnu.Reang
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February 23, 2021, 11:46:30 AM |
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I'm sure Elon Musk has had bitcoins as well as other cryptocurrency for a long time!
Now he has skillfully manipulated the price... But there is hope that other companies will follow him and start buying bitcoin too...
If he is holding Bitcoin, then it may not be direct ownership. He has started again and again that he holds just BTC0.25 in his wallet, which he received as a gift many years ago. If it can be proven that he holds more BTC, then Elon can be accused of market manipulation. I believe him. His direct holding may be just 0.25 BTC. He may be having indirect holdings though. |
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jesselui
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Trident Protocol | Simple «buy-hold-earn» system!
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February 23, 2021, 12:05:48 PM |
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Currently, a suitable environment has been prepared for high purchases. In my opinion, Musk will buy large amounts of bitcoin. Nowadays, bitcoin has become very dangerous and those with money should be careful.
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masterzino
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February 23, 2021, 12:30:57 PM |
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The ultimate market manipulator is at it again.
Yeah, the market is too volatile to the news. I don't know about Elon Musk, but MicroStrategy just raised $900+mn to buy more Bitcoin. In theory, we should expect a new bull run very soon. |
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meanwords
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February 23, 2021, 12:34:52 PM |
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It's quite funny though. He's one of the reason why Bitcoin pumped so hard this last couple of weeks yet he's also one of the reason why Bitcoin dump more or less $10,000 but it's kind of scary. The fact that he can manipulate the price of Bitcoin in just a single tweet can have a negative effect. Nonetheless, It's a good thing that he's pro on Bitcoin.
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gurunanakji777
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Chainjoes.com
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February 23, 2021, 12:44:52 PM |
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He is the billionaire man and his words like magic for the majority of the traders and investors even many of the traders following Elon Twitter Ac and This is a big concern when influential people affects the market obviously current correction of the market is huge and hopefully whales will took benefit again but small traders should always due diligence before investment as we all know this is a highly volatile market. I also believe the current dip brings new opportunities for the big players.
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vintages
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February 23, 2021, 01:32:09 PM |
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Should we care about this? Should we be relaying on him to buy Bitcoin so as the price will pump up?
I personally feel that if we keep expecting him to do or tweet something so that it price will move, we will end up allowing ONE man to indirect control Bitcoin.
And this shouldn't be happening.
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DarkDays
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Merit: 1189
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February 23, 2021, 01:37:32 PM |
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There is a big possibility that Elon Musk will buy again more bitcoin, as we are seeing on his Twitter and social media accounts, there are a lot of tweets that has been related to cryptocurrency especially with bitcoin and doge. Maybe he is manipulating the market in order for him to buy more bitcoin and play again to the current price of it in the market. There's no assurance that he will buy so much but we are thinking that there is a possibility that he buys. Who knows? He will not do it if there's nothing behind of his plans.
It is hard to say, why the market is dumping but all we can say for sure is that there is a lot of selling pressure and for the past 12h or so the bears have won over the bulls! This is a little distressing but it is the game we play. And given that Musk has yet again said 'bearish' stuff about some crypto (won't be naming any) could suggest that there might be something developing. What's frustrating though is how quickly and reactive the market gets to this sort of news... |
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armenmerikyan (OP)
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BrownieCoins.org The Recognition Cryptocurrency
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February 23, 2021, 01:50:16 PM |
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I think he is going to make Tesla operate on bitcoin only. Workers get paid in bitcoin, cars are sold in bitcoin and vendors are paid in bitcoin. I think he realized the massive potential of bitcoin as being a multi planet currency.
I wonder how a multi planet decentralized currency would work.
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BrownieCoins.org - social currency for doing good deeds
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armenmerikyan (OP)
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BrownieCoins.org The Recognition Cryptocurrency
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February 23, 2021, 01:59:02 PM
Last edit: February 23, 2021, 02:38:36 PM by armenmerikyan |
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There is a big possibility that Elon Musk will buy again more bitcoin, as we are seeing on his Twitter and social media accounts, there are a lot of tweets that has been related to cryptocurrency especially with bitcoin and doge. Maybe he is manipulating the market in order for him to buy more bitcoin and play again to the current price of it in the market. There's no assurance that he will buy so much but we are thinking that there is a possibility that he buys. Who knows? He will not do it if there's nothing behind of his plans.
It is hard to say, why the market is dumping but all we can say for sure is that there is a lot of selling pressure and for the past 12h or so the bears have won over the bulls! This is a little distressing but it is the game we play. And given that Musk has yet again said 'bearish' stuff about some crypto (won't be naming any) could suggest that there might be something developing. What's frustrating though is how quickly and reactive the market gets to this sort of news... I am buying Tesla Call Option contracts, surprisingly Tesla stock has dropped like $100 in the last two days but the price for call options has gone up. That means that people are dumping Tesla Stock and buying tesla options as it gives them more leverage. If I get a contract for $100, let's say bitcoin goes up to 1 billion, essentially I have leverage something like 50,000k on a $100. |
BrownieCoins.org - social currency for doing good deeds
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Mr.sprin
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February 23, 2021, 02:00:21 PM |
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read a lot about Elon Musk and I follow him on Twitter I see Elon Musk is not an old person in crypto he is a new person in crypto but because he has a large amount of capital what is said to be true could be real maybe he is an influential person in the crypto market .
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