Is Elon Musk looking to buy more Bitcoin ?

[armenmerikyan]

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.

Maybe there are a group of companies that are manipulating the market with Elon at the Helm.

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[Kelvinid]

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.

Well, I don't like it anyway and the situation went so risky compared to have a cheaper price below $20k, which is more affordable.

However, we don't know what will be the next plan for Elon Musk. That he is pumping Bitcoin, shilling Doge and it creates a huge drama in the market and the price went so wild. But I don't think he is done already in crypto and the declining sentiment that we have now seems to be the way for Elon to accumulate more and do the hypes again.

[Bitcoinislife09]

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 .

Elon Musk is very influential in cryptocurrency as we see in the DOGE coin increasing its market price so much for a token without any use and with just a Twitter post people are invested in the token even gaining up to 1000% in the market up to .08 cents. He's a very smart person so for sure he is also interested in investing in cryptocurrency I think we could expect a lot of manipulation in the market price. The market is just so volatile with just a single news market price could easily down up to a big percentage just like what happened to DOGE and bitcoin.

[synd66]

I'm not sure if he will be buying more but he will start accepting bitcoin payments for his electric cars. So, it looks like he is more interested in blockchain technology than the coin market.

https://www.theverge.com/2021/2/8/22272103/tesla-bitcoin-investment-1-5-billion-cryptocurrency-payments

interesting article

[blue_nexus15]

The ultimate market manipulator is at it again.

Maybe, many people are enjoying the move by Elon Musk.  But I think to be cautious, this week the adjustment continues, it may be a double-edged sword.  The whales are re-feeding their prey with many tricks.  I think I should wait a while longer!  Elon Musk is a lot of tricks and daring!

[Jesabela04]

I'm sure that he will buy and accumulate more. He's actually starting to manipulate the market which most of us aren't aware about. He's using his influence and his followers are actually basing their trading and investing decisions on his Twitter post which is actually too risky because it seems like he's doing this for his own good.

[armenmerikyan]

I'm sure that he will buy and accumulate more. He's actually starting to manipulate the market which most of us aren't aware about. He's using his influence and his followers are actually basing their trading and investing decisions on his Twitter post which is actually too risky because it seems like he's doing this for his own good.

Obviously, Elon has techniques that can manipulate the price of some assets being traded on an exchange. His venture into bitcoin gives him an unregulated environment to manipulate the price.


it's going to be wild ride to one billion.

[EddyRobins]

I think he is in an unparalleled position to manipulate markets with his tweets. I don't think there is anyone in such a powerful position in this environment.
I think he is more influential than Zuckerberg, Bezos, Gates.

[gabbie2010]

The ultimate market manipulator is at it again.

Maybe, many people are enjoying the move by Elon Musk.  But I think to be cautious, this week the adjustment continues, it may be a double-edged sword.  The whales are re-feeding their prey with many tricks.  I think I should wait a while longer!  Elon Musk is a lot of tricks and daring!

I am quite sure some cryptocurrency traders and some people must have been capitalizing on the market move influenced by Elon Musk, it obvious that the market had dumped in the last couples of days and are in bearish runs thus appropriate time to short trades at the supply zones i.e at support zones however those traders are cautious of the fact that the market is being  influenced and manipulated by the whales thus placed trades with stop losses because a big and sudden move will result to hitting stop losses

[so98nn]

He is definitely trying something. Just look at the market, dropped almost 15-20% cumulative since three days. That’s huge drop considering the current price of bitcoin. Not just that, market is continuing to drop itself even after such big dump.

This does not look like Market Correction at all.

It’s clear indication that bitcoin is being manipulated by someone and currently there none other than Elon whose in the picture.

Good thing is that if it’s really he, then he will bring up the market crazy high. 😊

[armenmerikyan]

He is definitely trying something. Just look at the market, dropped almost 15-20% cumulative since three days. That’s huge drop considering the current price of bitcoin. Not just that, market is continuing to drop itself even after such big dump.

This does not look like Market Correction at all.

It’s clear indication that bitcoin is being manipulated by someone and currently there none other than Elon whose in the picture.

Good thing is that if it’s really he, then he will bring up the market crazy high. 😊

100% and he is definitely not selling that's for sure.

[Vishnu.Reang]

Do you guys really believe that the crash was caused solely as a result of the tweet from Elon Musk? What if it was purely coincidental? During the past 4-5 months, Bitcoin went up from 10K to around 58K. We were expecting correction at some point. Now Elon might have provided trigger for this correction, but I don't think that it could have sustained without other factors.

[milani]

Personally for me it does not matter at all will the Elon Musk buy more Bitcoins or less, or may be some days ago he decided to buy Bitcoins and accept it as the means for paying for his electric cars, and tomorrow he will change his mind and will decide to do something another. It is his personal deal. Bitcoin has been existing somehow in its decreasing and increasing without his opinion or decisions. I think Musk needs Bitcoin more than Bitcoin his support)))

[tinopener]

However, we don't know what will be the next plan for Elon Musk. That he is pumping Bitcoin, shilling Doge and it creates a huge drama in the market and the price went so wild. But I don't think he is done already in crypto and the declining sentiment that we have now seems to be the way for Elon to accumulate more and do the hypes again.

He just called Peter Schiff a dick on twitter after Schiff rubbed his nose in the Tesla price dip.

I reckon Elon has got the opportunity for one more pump before the SEC come for him again for market manipulation.

He's gonna have to hit back at Schiff with another pump I reckon...

Pass the popcorn  

[DexHaer]

I find it strange to believe that Elon Musks tweet about BTC price made it go low, so much percent. Tesla didnt sold BTC or smth. Or like Janet Yellen comment made so much impact on Bitcoin community and bitcoin investors. I believe it is more about China's minining bitcoin thing.

[ven7net]

The ultimate market manipulator is at it again.

Personally, I will not be surprised at anything, even if the crypto market is now dumped in order to buy more cryptocurrencies at a low price. As for Elon Musk, we know that he personally does not buy BTC, but as he said his company does it. It is likely that now someone is buying wholesale, and it can be any large company or fund. Probably, soon we will see the news that someone bought something BTC. All this shows us that 2021 is the year when large companies will buy cryptocurrencies, and we will see prices rise and fall.

[tinopener]

I find it strange to believe that Elon Musks tweet about BTC price made it go low, so much percent. Tesla didnt sold BTC or smth. Or like Janet Yellen comment made so much impact on Bitcoin community and bitcoin investors. I believe it is more about China's minining bitcoin thing.

There was also a big tech stock sell off today attributed to inflation and bond interest rate rises.

Although people like to think of Bitcoin as not correlated to the stock market, people do tend to treat it like a tech stock to an extent.

[Ultegra134]

I wouldn't be surprised at all to be honest. Lots of major investors will take advantage of such correction in order to obtain more, when (And if) the price rise again. Musk will be one of them for sure, let's keep in mind that he has the ability to impact the market.

I'm trying to remain confident about the market, that it will be over soon or that they will eventually recover. Maybe not in a week or two, but in the near future.

[armenmerikyan]

I find it strange to believe that Elon Musks tweet about BTC price made it go low, so much percent. Tesla didnt sold BTC or smth. Or like Janet Yellen comment made so much impact on Bitcoin community and bitcoin investors. I believe it is more about China's minining bitcoin thing.

What China's mining bitcoin thing ?

[Twinkledoe]

I wouldn't be surprised at all to be honest. Lots of major investors will take advantage of such correction in order to obtain more, when (And if) the price rise again. Musk will be one of them for sure, let's keep in mind that he has the ability to impact the market.

I'm trying to remain confident about the market, that it will be over soon or that they will eventually recover. Maybe not in a week or two, but in the near future.

We are now experiencing the seemingly bearish period of btc market. And for those who are waiting to drop the price to accumulate, this is a good time to do that. Though we don't know how far it will drop, but I believe we will get out again from this price and will go up again. There are so many stakeholders in play already, and the adoption is growing. So sooner or later, it will increase again.