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Author Topic: Elon Musk please stop messing up the crypto market  (Read 3180 times)
virtualdn (OP)
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April 17, 2021, 08:40:40 AM
Last edit: April 19, 2021, 12:59:56 PM by virtualdn
Merited by paxmao (1)
 #1

Am I the only one who finds his tweets and market manipulation annoying?

A lot of newbies falling into the trap unfortunately. BTC is strong and won't be affected too much but Dogecoin is just increasing its pump and dump reputation. Sad.

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April 17, 2021, 08:56:26 AM
 #2

Am I the only one who finds his tweets and market manipulation annoying?

well he bought bitcoin right? so it is expected that he will do these kinds of things so that the price will increase a lot and he will earn money, in addition to the amount of money he already has. fact is that he must be enjoying it and feeling powerful, but is it his fault or the people of the crypto world who are greedy to the point of loving pump and dump? it is the fault of the people of the crypto world

A lot of newbies falling into the trap unfortunately. BTC is strong and won't be affected too much but Dogecoin is just increasing its pump and dump reputation. Sad.

everything that people in the crypto world want Is that make a profit of 2X or 20X, he is manipulating the heart of these people.


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April 17, 2021, 08:58:29 AM
 #3

Am I the only one who finds his tweets and market manipulation annoying?

well he bought bitcoin right? so it is expected that he will do these kinds of things so that the price will increase a lot and he will earn money, in addition to the amount of money he already has. fact is that he must be enjoying it and feeling powerful, but is it his fault or the people of the crypto world who are greedy to the point of loving pump and dump? it is the fault of the people of the crypto world

A lot of newbies falling into the trap unfortunately. BTC is strong and won't be affected too much but Dogecoin is just increasing its pump and dump reputation. Sad.

everything that people in the crypto world want Is that make a profit of 2X or 20X, he is manipulating the heart of these people.



Agree. He probably bought a lot of Doge and is cashing out in BTC to multiply his amount. Poor kids.

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April 17, 2021, 09:01:13 AM
Merited by virtualdn (1)
 #4

He's doing everything right. He growing his funds by that. People just need to think what are they doing and don't blindly buy BTC, DOGE or anything else.
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April 17, 2021, 09:05:00 AM
 #5

Am I the only one who finds his tweets and market manipulation annoying?

A lot of newbies falling into the trap unfortunately. BTC is strong and won't be affected too much but Dogecoin is just increasing its pump and dump reputation. Sad.
Doge increased significantly recently within 2 to 3 days, but I noticed the price did retraced at some point, yet increased more later until it gotten to $0.459. People that invested at this peak for now will lose because the price has being declining, it decreased to $0.35, then to $0.31. it increased back to around $0.35 but people are more selling than buying now which still makes it to decrease back to $0.31. it is possible that doge price might still decrease, or maybe increase, but if someone is not careful this time, it is possible his/her funds will be lost as the price may retrace more for now.

Bitcoin can not be compared with doge, but people that invested early benefited from doge, but very volatile than bitcoin, if the market will starting retracing for now, doge coin will really be more affected, the reason I will prefer bitcoin.

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April 17, 2021, 09:43:18 AM
 #6

Am I the only one who finds his tweets and market manipulation annoying?
As much as we hate Musk, we can't really stop him from shilling, at least he back it up when his company invested on bitcoin.

A lot of newbies falling into the trap unfortunately. BTC is strong and won't be affected too much but Dogecoin is just increasing its pump and dump reputation. Sad.
Pros and cons, if people can ride the hype and earn money then why not? For those who are going to get rekt, then so be it. At least they are going to learn a lot from it. Even if Musk tweet, it's up to us whether to react or not.

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April 17, 2021, 09:46:56 AM
 #7

Am I the only one who finds his tweets and market manipulation annoying?

A lot of newbies falling into the trap unfortunately. BTC is strong and won't be affected too much but Dogecoin is just increasing its pump and dump reputation. Sad.

Dogecoin is actually just one of the shitcoins in the market. Its makers even said that they made it for fun. I don't know why but Elon Musk started manipulating especially Dogecoin.  Grin  And it looks like it will reach $1 soon. It's really frustrating to see that the cryptocurrencies are easily manipulated like this.

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April 17, 2021, 09:49:11 AM
Merited by vapourminer (1)
 #8

Am I the only one who finds his tweets and market manipulation annoying?

A lot of newbies falling into the trap unfortunately. BTC is strong and won't be affected too much but Dogecoin is just increasing its pump and dump reputation. Sad.

Chill out. Why its annoying for you? Because you dumped doge at 40 sat and now its 500? No worries I did the same XD The only difference is that I focus on my own bag. I focus on next opportunities. I focus on diversification. I focus on my life. I don't think about missed opportunities. I don't think about someone else gains made from price manipulation from using hard earned popularity and influence.

Just focus on your next move. If you don't like elon musk tweets. Blacklist "Elon Musk" so that your browser will hide every article that relates to him,


Dogecoin is actually just one of the shitcoins in the market. Its makers even said that they made it for fun. I don't know why but Elon Musk started manipulating especially Dogecoin.  Grin  And it looks like it will reach $1 soon. It's really frustrating to see that the cryptocurrencies are easily manipulated like this.

Damn. You are so wrong.

It was created as meme coin in days when there was not that much projects. Collected great community, good devs, and is now a better product with better adoption than 99.99% of "serious coins".

People underestimate doge. Price is too high currently. I agree but its not eveluated that high only because of Musk tweets.

Doge:
1 - was very stable against BTC for years.



6 years ... ~25 sat on average with many pumps as soon as price dumped. If I was banned from having bitcoin (for unknown reason) ... i would swap to DOGE as soon as price would dump to 20-25 sat.

2- DOGE has huge community and no centralized identity since first devs abandoned project (just like bitcoin was abandoned by satoshi)

3- Doge is one of 3 most used coins on crypto casinos and similar sites

4- Doge is one of 5 most often available coins if you want to use crypto as payment

I have few more.

Because of all of above I think I'm one of first people that dare to call DOGE a digital silver (if we consider bitcoin to be a digital gold). Not litecoin, not etherum.

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April 17, 2021, 09:57:10 AM
 #9

Am I the only one who finds his tweets and market manipulation annoying?

A lot of newbies falling into the trap unfortunately. BTC is strong and won't be affected too much but Dogecoin is just increasing its pump and dump reputation. Sad.

We cannot control anyone to stop promoting any coins. The famous people have the influence to move the market in their favor. I am sure that elon musk have gathered a lot of dogecoins and he is taking profits on every pump. We cannot stop elon musk from doing this but we can stop investing in dogecoin if we feel that this is a shit coin.

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April 17, 2021, 09:57:52 AM
 #10

If people just ignore his shill the market won't be easily manipulated like that. The problem is the people that overhyped his tweet to the point that they take it as financial advice even though most of his tweet are just some obscure random tweet like just word "doge" or "moon" and people already go crazy all over him but you must realize that those people who follow him most likely just want to repeat and ride the bull run like what happened in the past while knowing that their money could pretty much lose and turns out they are right.
There's no need to get annoyed though, there are plenty of other coins out there.

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April 17, 2021, 12:32:29 PM
 #11

Am I the only one who finds his tweets and market manipulation annoying?

A lot of newbies falling into the trap unfortunately. BTC is strong and won't be affected too much but Dogecoin is just increasing its pump and dump reputation. Sad.

He’s just convincing noobs to part with their money, if you fall for his shitcoin pumping then you deserve to lose money. Most shitcoins are exactly that, shitcoins. Buy bitcoin & ignore Musk’s shilling.

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April 17, 2021, 01:23:25 PM
Merited by vapourminer (1)
 #12

Am I the only one who finds his tweets and market manipulation annoying?

A lot of newbies falling into the trap unfortunately. BTC is strong and won't be affected too much but Dogecoin is just increasing its pump and dump reputation. Sad.
Nothing new over here. Dogecoin has been constantly dumped and pumped before Elon even started tweeting about it. He does it just for the lulz and enjoys how people react to it. Look at his twitter . Memes and sarcastic posts. Now what's funny is that he isn't misleading anyone. He doesn't even shill or tell anyone to invest in dogecoin. On his last tweet he just said doge barking at the moon (it's actually the name of a painting he posted but called "dog barking at the moon" haha). People know what they are getting themselves into. They know it is all a joke yet they still invest so that they can profit from it. It's like everyone is aware that every time Elon tweets something with "doge" included, the price will get pumped and then dumped without any reason behind it.

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April 17, 2021, 02:13:58 PM
 #13

It's fine that the coin grew in price. Of course, it resulted from speculations and there's nothing in Dogecoin that could reasonably justify this growth (such as new updates to a long abandoned project), but some people probably caught it early and profited greatly over the last few days. There's always some room for speculations, and I'm sure everyone knows that DOGE is a joke and can easily fall back down anytime. So Musk can write whatever he wants and do whatever he wants. After all, he does like the dog meme AFAIK, so it would be weird if he didn't give a little kick to DOGE once in a while.

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April 17, 2021, 02:19:39 PM
 #14

He's doing everything right. He growing his funds by that. People just need to think what are they doing and don't blindly buy BTC, DOGE or anything else.
And it catches those newcomers who are desperate of getting rich instantly without knowing what they invest.
Elon Musk is a smart guy and he proves it just how he manipulates the market especially for Dogecoin and lets people invest and he's gone.

Finally, we understand the purpose of having him in here and that to fool others for his own benefits. Maybe I'm sorry but that was what I look into him.
I'm not a fan of Elon, so it doesn't matter.
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April 17, 2021, 02:20:32 PM
 #15

Am I the only one who finds his tweets and market manipulation annoying?
Before Elon Musk, the market has Jamie Dimon (CEO of JP Morgan) and John McAfee and some others. I don't see it is annoying but the beauty of crypto market.

Quote
A lot of newbies falling into the trap unfortunately. BTC is strong and won't be affected too much but Dogecoin is just increasing its pump and dump reputation.
Altcoins are pumped and dumped with news. News can be released on many channels and Twitter is one of channels which are used mostly by influencers.

Newbies have to pay cost to learn the market. They have to pay fees to learn market actions and practice to control their panic and FOMO decisions. Tweets from Elon Musk help them to learn faster in recent months.

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April 17, 2021, 02:32:22 PM
 #16

It's fine that the coin grew in price. Of course, it resulted from speculations and there's nothing in Dogecoin that could reasonably justify this growth (such as new updates to a long abandoned project), but some people probably caught it early and profited greatly over the last few days. There's always some room for speculations, and I'm sure everyone knows that DOGE is a joke and can easily fall back down anytime. So Musk can write whatever he wants and do whatever he wants. After all, he does like the dog meme AFAIK, so it would be weird if he didn't give a little kick to DOGE once in a while.
Yeah man, I mean is this got too easy for Elon Musk to manipulate Doge? I'm not really sure about that. Even though he does like the memes, I think it seems quite strange that someone could easily influence the price massively. Doge has seen a very significant increase in the last few days, almost 400% and that's just because of the tweets? smh
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April 17, 2021, 02:38:17 PM
 #17

Saw this pic of Elon with tats on his face of all the crypto and stock he supports, so couldn't resist on posting it up on here. Cheesy
Original:

Instead of lil musk they put in Crypto Musk on there on one meme of it. Wink

It was a wall of art first:
https://twitter.com/lushsux/status/1228171654653562890

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April 17, 2021, 03:00:17 PM
 #18

It would be wrong if someone was waiting for a doge's tweet just to create a pump or hype, of course, the newcomers would come and wait for the tweet and there would be many trapped.

Even I am here to admit that the price of the doge has risen more sharply in a few days should not wait long, with a high price of $0.43 is a lot of someone stuck? Or let the $1 wait for a lot of confidence that must be understood because of all this, of course, we think Elon Musk is the one who makes the atmosphere hot so it is undeniable that it will be a reference where people will continue to glance at Doge as a lucky shortcut.

Lots of opinion stories about the doge, maybe it will be a more stable one after that?

R


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April 17, 2021, 03:01:55 PM
 #19

Am I the only one who finds his tweets and market manipulation annoying?

Well you are not only person who thinks he is manipulating various things through his Twitter, at least if the SEC is asked in the case of his tweets regarding Tesla. He is simply addicted to social networks and loves to be the center of attention, and sometimes this brings him problems even with the law. I respect his business accomplishments, but we need to admit that like most rich people he is pretty weird in his behavior sometimes, which sometimes affects people close to him (his wife recently stated she wants to go to Mars and die there), and should I comment at all the name given to their child Roll Eyes

The SEC ruling came after an extraordinary episode in August, when Musk inaccurately claimed he had an investor for the troubled company, sending the company’s share price soaring. But in an apparent violation of the settlement Musk tweeted on 19 February that “Tesla made 0 cars in 2011, but will make around 500k in 2019”, meaning 500,000 vehicles. Four hours later, Musk corrected himself, saying annualized production would probably be around 500,000 by the year’s end, with full-year deliveries totaling 400,000. The SEC said the earlier tweet contrasted with Tesla’s 30 January forecast that it would deliver about 400,000 vehicles this year.

A lot of newbies falling into the trap unfortunately.

Beginners fall into traps every day, but EM is not the sole culprit for this - everyone should think for themselves and not listen to some famous and rich people playing on social networks.

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April 17, 2021, 03:03:24 PM
 #20

Saw this tweet and it sums up crypto shilling perfectly I believe  Smiley



https://twitter.com/defigod1/status/1383154119385448448?s=21
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