Elon Musk please stop messing up the crypto market

[Alucard1]

We can now see how powerful Elon Musk could be, he can really manipulate the market by simply making a tweet, a lot of followers of Elon Musk and most of them are beginners so they can easily trust what Elon Musk is saying, some people may consider him as a financial advisor as they are always waiting for his tweet and got hoped once he mentioned one currency. Even though he is just manipulating it for only a few days we can still earn as well from it as we can see how can he did those things from Dogecoin.

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[Shasha80]

I don't think Elon Musk messed up the crypto market, because what Elon Musk did was helping Bitcoin and Dogecoin to go up in price.
It is very exciting for Bitcoin and Dogecoin holders to be able to make a profit with what Elon Musk has done, especially Dogecoin the increase
in price is amazing. And also Elon Musk might do that for entertainment, because I believe Elon Musk doesn't think too much about profit,
because he already has a lot of money.

[iTradeChips]

Is Elon Musk the new McAfee? I don't know. Because there are differences between these two people and I did remember someone from Tesla saying that their entry into cryptocurrency is to get funding for their science projects. Maybe they needed the money so they could send space probes to the gold asteroids and then get more gold for the tesla company. I am positive that the space companies are doing their best to come up with space mining technology so that they could do mining in the asteroids and get those resources to further their projects and breakthroughs.

[Republikcoin.com]

He don't own any DOGE in his wallet and although he has tweeted about this coin, he hasn't recommended it to anyone or claimed that it is a good coin to invest in.

No one can confirm that Elon didn't buy DOGE before. Creating a DOGE wallet is very easy and we don't need KYC to be able to start storing and transacting with DOGE. Everyone has something that is not known to the public, they let it be a private secret and of course for personal gain, whether it's privacy or some other conspiracy, we don't know.
What we know right now is that Elon Musk's power is strong enough in the cryptocurrency space to manipulate the market for some cheap coins or coins of moderate volume. If we consider this a nuisance and think about it over and over, I think I'm running out of time to maximize opportunities in other cryptocurrencies

[Vishnu.Reang]

He don't own any DOGE in his wallet and although he has tweeted about this coin, he hasn't recommended it to anyone or claimed that it is a good coin to invest in.

No one can confirm that Elon didn't buy DOGE before. Creating a DOGE wallet is very easy and we don't need KYC to be able to start storing and transacting with DOGE. Everyone has something that is not known to the public, they let it be a private secret and of course for personal gain, whether it's privacy or some other conspiracy, we don't know.
What we know right now is that Elon Musk's power is strong enough in the cryptocurrency space to manipulate the market for some cheap coins or coins of moderate volume. If we consider this a nuisance and think about it over and over, I think I'm running out of time to maximize opportunities in other cryptocurrencies

We are talking about someone who has a net worth of close to $200 billion. Given the poor liquidity of Dogecoin, it may take a long time for Elon to convert even 1% of his wealth to DOGE. On top of that, once the prices peak, it is not going to be easy to convert all that cryptocurrency back to fiat. He is a resident of the United States, and each and every cryptocurrency transaction needs to be reported in the income tax return. And after all this, if he purchases DOGE, then he can be tried for insider trading.

[virtualdn]

He don't own any DOGE in his wallet and although he has tweeted about this coin, he hasn't recommended it to anyone or claimed that it is a good coin to invest in.

No one can confirm that Elon didn't buy DOGE before. Creating a DOGE wallet is very easy and we don't need KYC to be able to start storing and transacting with DOGE. Everyone has something that is not known to the public, they let it be a private secret and of course for personal gain, whether it's privacy or some other conspiracy, we don't know.
What we know right now is that Elon Musk's power is strong enough in the cryptocurrency space to manipulate the market for some cheap coins or coins of moderate volume. If we consider this a nuisance and think about it over and over, I think I'm running out of time to maximize opportunities in other cryptocurrencies

We are talking about someone who has a net worth of close to $200 billion. Given the poor liquidity of Dogecoin, it may take a long time for Elon to convert even 1% of his wealth to DOGE. On top of that, once the prices peak, it is not going to be easy to convert all that cryptocurrency back to fiat. He is a resident of the United States, and each and every cryptocurrency transaction needs to be reported in the income tax return. And after all this, if he purchases DOGE, then he can be tried for insider trading.

Elon Musk cannot be that stupid to promote this coin and not own something. What is interesting is how people are following him like sheep. Just because someone is a billionaire that doesn't make me follow him like crazy.

The funny part is I was promoting Dogecoin A LOT in 2013-1016 and gave away many coins myself but I didn't had the power of Musk's tweets to make it happen. Dreaming even of a price of 1 cent was a total madness.

[fauzan123]

Doge coin pumped when Elon Musk tweets about doge coin. I cannot understand why doge coin is pumping.  Why you are pumping a shit coin to moon. There are many good projects in the market . Please give attention to these projects. These projects can give you good results.

This is not the first time Musk has done this, or even the second, or third time. Every time Musk mentions the cryptocurrency, a surge (often following an eventual downfall) occurs in the prices of the cryptocurrency.

[Viscore]

Elon Musk is done and whose next?
I'm not sure if the community still has the interest to follow his tweets, promotions, and FUDs. A lot of people got fooled by him, usually, newcomers think that Elon is serious about crypto but where is he now. Doge, Bitcoin, and what else?

That he just manipulates the young minds and laugh.
But anyway, the hypes that he made in the past days gives also the benefits for the early adopters but quite regretting the late investors. These people have been caught by the trap.

[virtualdn]

Doge coin pumped when Elon Musk tweets about doge coin. I cannot understand why doge coin is pumping.  Why you are pumping a shit coin to moon. There are many good projects in the market . Please give attention to these projects. These projects can give you good results.

This is not the first time Musk has done this, or even the second, or third time. Every time Musk mentions the cryptocurrency, a surge (often following an eventual downfall) occurs in the prices of the cryptocurrency.

Market manipulation should be avoided by all costs because it can make newbies lose money based on the influence of famous people.

Dangerous stuff if you ask me. Let the market flow naturally but don't write tweets giving "hints" when you're famous.

[lifeforcepools]

Follow his statements and make crypto purchases on time.

[virtualdn]

Follow his statements and make crypto purchases on time.

I'm not a sheep thank you. I prefer to use my own judgement even if sometimes it can be wrong. At least I can make my own choices. This is what everyone should do, follow their intuition and not some millionaire or billionaire who doesn't care about your finances anyway.

[isaac_clarke22]

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Well in the end, nobody can tell what a celebrity would do or tweet.
How about let's say to other investors to stop being messed by these celebrities just because a celebrity claims X would go to moon?
That's the problem to many investors. They believe that celebrities doesn't do any crap that is wrong and they're driven by that kind of mindset.

[noorman0]

What I see is that Elon actually supports the function of bitcoin as an alternative payment means. I wouldn't blame elon's tweets with their doge pump, but here we learn that as more and more crypto users increase, their knowledge is weak and only depends on the influencer's outlook.

[Yamifoud]

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Well in the end, nobody can tell what a celebrity would do or tweet.
How about let's say to other investors to stop being messed by these celebrities just because a celebrity claims X would go to moon?
That's the problem to many investors. They believe that celebrities doesn't do any crap that is wrong and they're driven by that kind of mindset.

They have driven such a belief that these people, these celebrities never know how to fool people but they are, and many of them did this for a long time.
It is just in time that people now know the intention of Elon Musk entering the market. We have these learnings and these are enough not to trust again to any of them trying to promote another coin and manipulate the mind of the people.
This gonna be a sort of openness, sometimes we got the other mess just for us to learn something lately.

[katrina2]

but i did make profits on investing in Doge..

[TangentC]

but i did make profits on investing in Doge..

Good for you. 

Seems like many Bitcoiners are just jealous, that Doge is currently a better investment.

Doge can go to $10 and bitcoin can reach $1 million, everyone should just accept it and enjoy success for both coins.

[goldade]

The issue here is not with Elon Musk's tweets. The problem is with people or newbies as you mentioned, who blindly follow his tweets.
Elon Musk is just doing what any man who has influence will do. If I had that much influence as Musk, I'd make these tweets as well.
There's really not much one can do about these newbies who just follow any tweets blindly. They don't understand that it's just a pump and dump strategy and you're most likely to lose your money if you're not very careful.
If you really want to make the most of the market, don't wait for Musk's tweets, learn trading by yourself and you'd be make to make rational decisions by yourself.

[matchi2011]

but i did make profits on investing in Doge..

Good for you. 

Seems like many Bitcoiners are just jealous, that Doge is currently a better investment.

Doge can go to $10 and bitcoin can reach $1 million, everyone should just accept it and enjoy success for both coins.

No one knows but it's really possible to happened, if there are more investors to place their money inside this market,
the price may rise up to that level.

We should appreciate but make sure to carefully assess our actions, chances that manipulations also part of this investment
take care of your assets.

[sunsilk]

but i did make profits on investing in Doge..

Good for you. 

Seems like many Bitcoiners are just jealous, that Doge is currently a better investment.

Good for her but that doesn't mean that we're jealous. We're not jealous about people who are earning and taking advantage of the tweets that Elon is making. Defining a better investment depends on the person who is comparing both of it.

Doge can go to $10 and bitcoin can reach $1 million, everyone should just accept it and enjoy success for both coins.

Too much for both but we'll really never know how high bitcoin can reach and as well as the altcoins like Dogecoin.

[Fortify]

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.

Elon is definitely out of control and the power that money has brought him clearly went to his head. He is a very manipulative and erratic person. Why else would you name your kid "X Æ A-12" and destine them to a life of ridicule? He is the equivalent of a hyperactive toddler in charge of multi-billion dollar businesses, he just happened to strike it lucky by being part of Paypal during it's early days and the massive amount of transaction fees it generated. While I have some respect for him funding endeavors like Space X, he should show more respect for laws - it was bordering on insider trading and market manipulation when he pretended to have sold parts of Tesla to burn out the short sellers. Sadly the regulators are acting too weak and ineffective to punish him correctly, the only way he might learn now is large fines on his personal wealth.