Btc price drop 12% after Elon musk tweeted Tesla won't accept bitcoin

[Gozie51]

Elon musk seem to be enjoying his life and catching fun with it. What is he up to again after tweeting Tesla won't accept bitcoin as payment.

Musk seem to be riding the market the way he likes. I'm sure he knows that would create panic and push price down.

Will musk always have a big influence to the direction of price in cryptocurrency.

He has been responding for dogecoin hype and growth , now he is trying to cause panic in price of bitcoin and that has bleeding the market since 24hours.

[Kayum10029]

Yes after tweeted from Elon musk profile , bitcoin already below $50000 . I think it's another ticks from Elon musk.  Most of the investors and traders don't follow Elon musk announcement. I already victimed following Elon musk announcement.

[BlackHatCoiner]

I'm fairly convinced that he accepted Bitcoin to reject it in the future and disrupt the market. You don't invest $1.5B and announce your adoption to then eat your words, couple months later, with that justification. He now wants to send Dogecoin to the moon... literally! He's manipulating the entire market right now and I wouldn't be surprised if the majority of the newcomers that listen to him lose their fortunes in the near future.

There's a highly hyped community, aiming for big profits, on a crypto that has no fundamentals. Puppets of Elon.

[Maslate]

That is clear to see that Elon Musk is playing and tricking us using his tweet and influential personality, he convinces a lot of people, and then after a short while, now he is started to run out from the crypto world.

And I'm waiting now for what will be his next tweet after this. It sounds very interesting to know what will be his next plan. Or that he change his mind and say that Tesla started to accept Bitcoin or just accepting Dogecoin only. I'm not going to believe him anymore if that will be going to happen next.

[Gozie51]

Most of the investors and traders don't follow Elon musk announcement. I already victimed following Elon musk announcement.

But whether anybody follows his announcement or not, you can see what he says happening, so how does that happen  You have to understand that he is influencial with alot of money to buy hugely or sell hugely and that most affect the unregulated market. Crypto market isn't regulated and that is why any influencial personality with lots of followers on twitter can change the market direct. For fiat that is highly monitored, you can't move even your deposit anyhow hugely without the government tracing to see the legality of the money. You see, the difference.... Elon is enjoying his time and I have read he may be hyping dogecoin harder. So you may as well hodl your doge if you have. Lol

[Tytanowy Janusz]

Yes after tweeted from Elon musk profile , bitcoin already below $50000 . I think it's another ticks from Elon musk.  Most of the investors and traders don't follow Elon musk announcement. I already victimed following Elon musk announcement.

Please do not post huge images just to show a price. Man I can achieve the same with : "BTC 24h change is 10.34% and the price is 50330 currently". If you want to post image you can do scale it adding additional parameter (f.e width=500):

[.img width=500]https://i.imgur.com/VyF3psI.jpg[/img]

I expected to see all longs to be rected before next leg up. Didn't expect it to happen because of Elon tweet. Well this is pure manipulation. Either Musk used his twitter power to rect Longs, or was paid by market operators (AKA manipulators) to do so or was trying to test strength of network (market reaction for good/bad news is important indicator for whales). It is not possible that he invested in bitcoin, was shilling bitcoin for months, and finally did full research realizing about the most obvious thing that every investor knows about (energy consumption). He must have known about it before. Whole action was planned.

[nightxglow]

Yeah that's right, i mean, i know that he's a impactful influencer, and his words succeed to make bitcoin become more popular, and even the price increases so high. However, more and more, doesn't he play with the market? i'm not sure how to say this but it's like he's doing as he want. First, saying tesla adapt bitcoin, but now then rejecting it as a payment? what actually is his intention, i'm super confused. However, we really need to stop paying attention to his every little word. Don't know when it will be destructive. Better stop from now on.

[masterrex]

Elon musk seem to be enjoying his life and catching fun with it. What is he up to again after tweeting Tesla won't accept bitcoin as payment.

Musk seem to be riding the market the way he likes. I'm sure he knows that would create panic and push price down.

Will musk always have a big influence to the direction of price in cryptocurrency.

He has been responding for dogecoin hype and growth , now he is trying to cause panic in price of bitcoin and that has bleeding the market since 24hours.

I believe that Elon Musk words have an influence in the cryptocurrency market particularly in Bitcoin and Dogecoin, But on the other hand, I also believe that the conflict in the middle east between Israel and Palestine has also a contributory factor why the market is bleeding, Because we all know that the crypto market is easily react on any information whether it's positive or negative so IMO, it is not just because of Elon Musk tweet about Bitcoin but there is another reason why it was happening.  

[dothebeats]

He's playing god in the market right now, and with the amount of his followers, he can easily create market movements on his own words and actions without having the need to use his own money. He's into deep with dogecoin, though I think they will not accept it as a form of payment on Tesla cars even if the poll ended up with a lot of 'Yes' on should Tesla accept dogecoin as a payment or not. There should be some form of penalties or repercussions for what Elon is doing on the cryptomarket, though knowing that the regulations are not ironed out that well, he will keep on dodging bullets and making money out of it.

[Dadan]

That is clear to see that Elon Musk is playing and tricking us using his tweet and influential personality, he convinces a lot of people, and then after a short while, now he is started to run out from the crypto world.

And I'm waiting now for what will be his next tweet after this. It sounds very interesting to know what will be his next plan. Or that he change his mind and say that Tesla started to accept Bitcoin or just accepting Dogecoin only. I'm not going to believe him anymore if that will be going to happen next.

He said before that he would adopt bitcoin, which is why bitcoin prices increase so highly, and now he will say reject it as a payment option? What? I know he is a big influencer and a lot of big investor following his words, but I don't get why he would adopt bitcoin and invest billions of dollars then reject it as a payment option? I'm so confused right now.

[serjent05]

Elon musk seem to be enjoying his life and catching fun with it. What is he up to again after tweeting Tesla won't accept bitcoin as payment.

Musk seem to be riding the market the way he likes. I'm sure he knows that would create panic and push price down.

Will musk always have a big influence to the direction of price in cryptocurrency.

He has been responding for dogecoin hype and growth , now he is trying to cause panic in price of bitcoin and that has bleeding the market since 24hours.

I think Musk will have a big influence on the direction of Cryptocurrency price until crypto people had enough of him.  Anyway, instead of pointing the blame of Bitcoin crash on Musk's tweet, why not ready our stash and start buying the dip.  I have a feeling Elon is accumulating since there is a huge percentage that Bitcoin might cross $100k  this cycle.

[SFR10]

@Gozie51
You should've also included his "tweet" in OP.
I've praised him in the past for all of his achievements but the way I'm seeing he's manipulating the market, made me lose all of the respect that I had for him ^{[d**k move, SMH]}.
^{- Personally, I don't care about the issue surrounding BTCitcoin's value but crypto-currency users should stop following someone else's direction blindly.}

[Slow death]

Elon musk seem to be enjoying his life and catching fun with it. What is he up to again after tweeting Tesla won't accept bitcoin as payment.

the guy is very rich and he being rich he has a lot to do with his life, I doubt he keeps thinking about twitter every day. for him to twitter and say something that will cause the market to fall a lot or go up a lot, Is something that increases his ego. he's not worried about other people's losses and it's not his fault, it's the fault of the greedy in the cryptocurrency market who fall in love with pump and dump and are wrong with anything Elon Musk puts on twitter

Musk seem to be riding the market the way he likes. I'm sure he knows that would create panic and push price down.

it is not his fault, it is the fault of the people who are deceived because they are greedy. it is not normal what happens in the cryptocurrency market

Will musk always have a big influence to the direction of price in cryptocurrency.

being that he is an influential person in society, I believe that what he is doing is a crime of manipulation of the market or something unethical

now he is trying to cause panic in price of bitcoin and that has bleeding the market since 24hours.

is trying?

the price dropped a lot thanks to him, the price went up a lot thanks to him, bitcoin and dogecoin are in the same situation when it comes to Elon Musk and his twitter

[goldade]

Elon musk seem to be enjoying his life and catching fun with it. What is he up to again after tweeting Tesla won't accept bitcoin as payment.

Musk seem to be riding the market the way he likes. I'm sure he knows that would create panic and push price down.

Will musk always have a big influence to the direction of price in cryptocurrency.

He has been responding for dogecoin hype and growth , now he is trying to cause panic in price of bitcoin and that has bleeding the market since 24hours.

No doubt Elon Musk has some level of influence over the crypto market and it looks as though he can control the price of coins especially bitcoin and dogecoin  but the truth is that, he's only trying to manipulate the market in his favour.
It might seem as though he is against bitcoin, but you should know that Tesla bought about $1.5billion worth of bitcoin some months ago,do you think he would suddenly turn on what he has his money in?
Only newbies and ignorant traders would follow everything Musk says on twitter. You should that he doesn't have any control over the market.

[Heibo]

Elon Musk: We will accept Bitcoin for Tesla payments.
Investors: Yeeeee

Elon Musk: We won't accept Bitcoin for Tesla payments no longer.
Investors: Noooooo

They are harming to financial system but some investors doesn't care this. We have to say "STOP" to these selfish guys. Just as we get angry with them when they manipulate bearish, we should do so when they manipulate bullish.

Note: If there is wrong sentences im sorry. Im beginner.

[The Cryptovator]

It was quite surprising to me once I saw Elon's tweet. What drama! It seems just he had announced to accept Bitcoin as Tesla payment after accumulating a large number of Bitcoin. We know only about Tesla sold Bitcoin, but who knows the reality either he sold his holding or not. And most probably he announced to reject Bitcoin payment to accumulate more Bitcoin again in the event of a Bitcoin price dump. I know he could manipulate the market again to pump Bitcoin, it's not new for him. On the other hand, he is indicating to accept other altcoins. Most probably we know what is on his mind. I don't like that kind of market manipulation. It's not good for the total crypto industry.

[ILuckyGuyI]

After this event, the price started to recover again and we saw $50k+ today. But it has gone down below $50k again. Not just Bitcoin, the whole market has been affected after it. I wonder whether this will also cause the bull market to end too.

[passwordnow]

He's not riding the market he likes, he is making the market the way he likes it. There's no path that he's following, he's making the path that's being followed by everyone.
He did caused panic and made the market plunge after telling that Tesla has halted accepting bitcoin payments. On the other hand, those orders of cyber trucks and Tesla in different version with bitcoin payment has been probably cancelled by those whom ordered it.

[Kabul]

His words have weight. Many people rely on his tweets so whenever he makes a good news, bitcoin and doge soar, and vice versa. Investors also need to increase their self awareness by learning more about cryptocurrency rather than following any specific billionaire.

[finaleshot2016]

Will musk always have a big influence to the direction of price in cryptocurrency.

His market manipulation will not last long because most of us have been frustrated and are aware of his market intentions. If he just uses crypto to increase his wealth, many people will lose interest in following him. Most small investors followed him for the sake of profit; however, now that they believe Elon Musk has misled them by market manipulations, some will unfollow him.

After this event, the price started to recover again and we saw $50k+ today. But it has gone down below $50k again. Not just Bitcoin, the whole market has been affected after it. I wonder whether this will also cause the bull market to end too.

The market always crashes when BTC crashed, that's what I've noticed about the crypto market. BTC is really the OG.