Crypto has become the rich man's playground...

[just_Alice]

However, even if we're having a loss right now, more people are stronger than a few dumb billionaires and I'm sure BTC will come more powerful than before.

Those billionaires aren't dumb, if they were - you wouldn't be writing this post. It's the followers that are dumb, I'm afraid. That's the only threat there is associated with these attempted manipulations. Not the whales, no someone powerful selling crypto (it only has a temporary effect), but the people, that follow the lead. And that's the main purpose.
If you follow the news it can be seen that the most significant changes in price are driven more often by the info on the media, someone's talks, rather than the actual sellouts.

[BIT-BENDER]

I think some of the billionaires and savouring the popularity contest, I say some billionaires/rich folks because their should be some billionaires who had valued crypto-currency silently or some who crypto-currency made rich and still in it. I don't know if it's for meme, or for motivational quote or what so ever I think the rich are taking the spotlight of what crypto-currency is for, I got a call from a friend wanting to start cryptocurrency and she asked if Elon musk can make her rich, sounds stupid but this is what is it, well is all said in the post, I think a wise crypto-currency user should ignore games coming from game chasing billionaires.

[willoweb]

This is, in principle, inevitable. Since the world of cryptocurrency is open and when a coin enters the exchange, anyone can buy it in any available volume. The attractiveness of the market is in itself a litmus test for capital that has borrowed only to multiply itself and get a return on investment. Another question is that investments need to be protected - and if you bought bitcoin at the price level of $ 50,000 - it is not profitable for you to have it lower, but on the other hand, you may not care if this is just a game for you.

[cryptozanga]

Yes it's happening folks. It's a playground for the riches, for the narcissistic egocentric billionaires who don't give a * if you are getting rich or you're losing all your money.  They do it just because they can, to boost their stupid egos.

"Doge spelled backwards is egod" said Elon Musk once to reveal his god like narc personality. This guy likes being worshipped by the dumb sheep.

However, even if we're having a loss right now, more people are stronger than a few dumb billionaires and I'm sure BTC will come more powerful than before.

The history won't let Mr. Snake Musk escape with zero consequences.

To the Moon!

You just realize that? Why you think people here that have accounts from 2013-2014 they defend Bitcoin with life? Because they already made money because you pay a expensive price than them, people is so fool...

[anonimogmr]

I'm just amazed how there are always dumb people angry for falling for the same trap over and over again... What do they expect? An unregulated and volatile market full of "investors" without any comprehension or coherence who can be easily manipulated is a walk in the park for a businessman with a lot of money and influence in the social media. The problem is this won't be the last time it will happen and it will eventually be the downfall for bitcoin and the origin of the regulated cryptocurrencies.

[Kong Hey Pakboy]

So far, this is not quite true. But soon it will be so.

If it is going to be true better to have some bitcoin to hodl because they will probably pump the prices really high and you have to be able to get as much bitcoin market pie when that happens because the dumps are going to happen really fast.

[Sanitough]

Not all people in the crypto world are rich, there are still some people who already been so many years in the world crypto but have nothing in his life, it is all about how you will going to use your knowledge in cryptocurrency. I agree on you about some richest man are playing cryptocurrencies or playing the market, just like what some popular persons who have been so trend because of doing weird things in the market, just like what Elon Musk is doing, he is really manipulating the market, which really makes the market in the dip.

When we say rich, these are people who are smartly making money in crypto, yes, they are rich and they have the power to manipulate the market. It's a complete package if you are rich and popular at the same time, with that, making money is easy for you, one good example is Elon Musk.

[quocsi]

I'm not agree. First of all, it's not really wise to say that all crypto for rich now. There is a lot of cheap altcoins. And some examples that's not cheap but has really low fees. And you don't have to buy whole BTC. You can buy fractions of it especially on the dips.

I agree with your opinion. We are not required to invest or buy Bitcoin. There are coins with low value but also profitable. If you know how to invest, small investments also make you richer. But there is one thing you should admit if you want to stand on the crypto market, you have to be economically strong. Accept the risks if any.

[Natsuu]

There's opportunity in every action they made, and as "the poor" I am clearly taking advantage of it.

Though I won't tolerate this kind of behavior, but nevertheless, I don't have the power to do anything about it, so better be taking advantage of it instead of shiting something and something that won't do me good  

[butcher_spam]

I am in no way condemning the actions of the esteemed Elon Musk. But I also want to note, because with his help we have reached new heights of bitcoin price. Yes, he can manipulate the market, and he knows that very well. But with corrections like this, the market is only getting more interesting.

[pinggoki]

Actually on some point it is true that the crypto becomes the playground of the rich man because imagine that those who are rich and the one to purchase or buy cryptocurrency snd they becomes the big whales in which they have the power to control the market. That's the reality, the rich men are more powerful than the average person. Accept the fact that crypto nowadays becomes the playground of the rich men.

[mamiko]

I started to see everything that has been happening in the cryptocurrency market lately as the rich man's games. Elon Musk has started to see crypto coins as a playground of his own and is constantly acting as if he is in the game. However, as a result, many people are negatively affected and the cryptocurrency market is suffering. elon musk did not good services this market at all.

[sapnu]

While most of the ordinary investors are struggling their investment, the rich mans or the whales are just enjoying and playing around the market. It is quite unfortunate because no matter what we do, we cannot much the influence they have over the market as well as the money they are putting in. We got no choice but to wait till they get tired of playing in the market so that we can see it in balance and recover again. Let us not give up on our investments, maybe one day they will have the heart to help us out from making profit here in the market.

[Abiky]

Yes it's happening folks. It's a playground for the riches, for the narcissistic egocentric billionaires who don't give a * if you are getting rich or you're losing all your money.  They do it just because they can, to boost their stupid egos.

"Doge spelled backwards is egod" said Elon Musk once to reveal his god like narc personality. This guy likes being worshipped by the dumb sheep.

However, even if we're having a loss right now, more people are stronger than a few dumb billionaires and I'm sure BTC will come more powerful than before.

The history won't let Mr. Snake Musk escape with zero consequences.

To the Moon!

There's strong manipulation on the crypto market these days. Rich people like Elon Musk and Mark Cuban have huge influence over the crypto market, as people follow their moves. Prices could go up or down in an instant depending on what these public figures say about crypto (either good or bad). Dogecoin went all the way from being worth nothing to nearly $1 thanks to Elon Musk's praise through social media platforms. Bitcoin has also benefitted from Tesla's stance in accepting it as payment method. This is bad because it makes crypto dependent on a single person. It's like Elon Musk dominates the whole market right now. That's what you'd expect with centralized exchanges being the norm in the crypto/Blockchain space.

Nonetheless, people will ultimately decide whenever they'd want to allow a single person to dominate the market or all the other way around. No matter how the market is manipulated by rich people, crypto by itself will remain neutral thanks to the way it was designed. It's not about the price per coin, but rather how useful it is for mainstream payments. I'd just forget about how much a coin is worth in Fiat, and simply use it as a normal currency. Remember, 1 coin is always equal to 1 coin no matter what. Price volatility is only an issue when you use Fiat to determine the value of a coin. Just my thoughts

[isaac_clarke22]

~

This. Although whales are gonna be part to induce fear to some people so that they'll panic sell and they'll take their coins to bulk up further their hodlings for sure. I learned this back when Bitcoin dipped to 3k, and good thing that I didn't panic lol.
I'll emphasize what you said that a lot of blind followers follow their favored celebrities without doing any proper research.
This is why I am not staying for a long period of time in Twitter. There are many braindead followers of celebrities there.

[Mr.sprin]

there is no crypto benchmark for the game of the rich but many people who start crypto are not rich but after they play in crypto they become rich people and vice versa rich people who play crypto and they become bankrupt and become poor, this is the reality in the world of crypto.

[DOH!]

While most of the ordinary investors are struggling their investment, the rich mans or the whales are just enjoying and playing around the market. It is quite unfortunate because no matter what we do, we cannot much the influence they have over the market as well as the money they are putting in. We got no choice but to wait till they get tired of playing in the market so that we can see it in balance and recover again. Let us not give up on our investments, maybe one day they will have the heart to help us out from making profit here in the market.

There are possibilities that they will be market makers in a new variant. We had much better scenarios but it went completely bust leading to a breakdown in market sentiment, still FUD with China. Except, I'm not sure Elon was right to turn around at the fork with Tesla or he was smarter out of the game.
The wallets hold more than 10k BTC, it symbolizes power and what we have known in history. Lol

[AniviaBtc]

It is hard to deal with those big investors that are really manipulating the market without even thinking other people's feelings.

But what can we do? We are just going with the flow of the market and make technical analysis.

Hoping that they can make the market profitable for others, they should not play with the market during this pandemic.

[Reosta_]

I'm so agreeing with this, man. Rich men started liking to toy the market. And it really started frustrating us, the investors. And there is really nothing we can do about it which is sad.

[Shasha80]

It is hard to deal with those big investors that are really manipulating the market without even thinking other people's feelings.

But what can we do? We are just going with the flow of the market and make technical analysis.

Hoping that they can make the market profitable for others, they should not play with the market during this pandemic.

It's true that we can't do anything to stop the rich man from manipulating crypto prices. All we can do is be patient and try not to be influenced,
as long as we believe in Bitcoin and don't sell it whatever negative news is spreading. I am sure that in the end we can become winners by getting
profit from crypto. I agree that anyone shouldn't play and manipulate the crypto market in this pandemic situation, because a lot of people will suffer
because of it.