Elon Musk really has the ability to manipulate the bitcoin market

[dimonstration]

Elon musk a big name and as you can see he handles a lot of different investments, organisations, companies and those are the keys to gain popularity and trust of the people by this kind of strategy he can easily manipulate the market by making different actions recently we saw what I do to the market dump of the coins because not supporting of the bitcoin payment to their tesla at the same time we accept it again he is just trolling the market many people get affected on this. We can't do anything if we are just a small-time investors so always keep aware of the market news and other things so to prevent losing for an unexpected dumps.

The fact that Elon already prove something in business and in economy will determine how many people will believe and trust in him. Whatever his way in investing will depend on him. Lucky those who are able to ride at the time his tweets reach many supporters that join crypto, can't deny we're able to earn from it. He is a business man and Trading his investment is his choice. The dump may effected because of him but for sure it's not the end for the market with or without him, adoption will happen soon.

[AndySt]

Elon musk a big name and as you can see he handles a lot of different investments, organisations, companies and those are the keys to gain popularity and trust of the people by this kind of strategy he can easily manipulate the market by making different actions recently we saw what I do to the market dump of the coins because not supporting of the bitcoin payment to their tesla at the same time we accept it again he is just trolling the market many people get affected on this. We can't do anything if we are just a small-time investors so always keep aware of the market news and other things so to prevent losing for an unexpected dumps.

The fact that Elon already prove something in business and in economy will determine how many people will believe and trust in him. Whatever his way in investing will depend on him. Lucky those who are able to ride at the time his tweets reach many supporters that join crypto, can't deny we're able to earn from it. He is a business man and Trading his investment is his choice. The dump may effected because of him but for sure it's not the end for the market with or without him, adoption will happen soon.

It's just that Elon Musk, with his rash tweets (and perhaps very deliberate tweets), is causing a lot of chaos in the market, and it's even surprising that state financial regulators turn a blind eye to such things, because when Musk did this with the news about Tesla, the regulator reacted harshly to it. This can only be explained by the fact that the market is relatively young and the regulator has not yet developed a response mechanism. It is clear that the position of such an influential person resonates and arouses great interest among many small investors, but often there is a strong impression that Musk deliberately manipulates the market, which is punishable in traditional markets.

[pinggoki]

As far as what I am seeing every time he is tweeting about cryptocurrency and his diamond hands, the market is having a difficult situation and that's why I am agreeing in this thread that Elon Musk has really the ability to manipulate the market but on the thing that manipulating the bitcoin market? I doubt it because there are so many big whales in cryptocurrency wherein he can not easily make the market dumps.

[carlisle1]

As far as what I am seeing every time he is tweeting about cryptocurrency and his diamond hands, the market is having a difficult situation and that's why I am agreeing in this thread that Elon Musk has really the ability to manipulate the market but on the thing that manipulating the bitcoin market? I doubt it because there are so many big whales in cryptocurrency wherein he can not easily make the market dumps.

Those big whales who makes money each time Musk do something or tweet something,
it's not a secret that there's really movements when he create some noise about crypto,

Whales are just watching him and check if what opportunities they can gained from what he did,
either riding with him or go to the other side,

Whatever ways they take surely it always brings them the benefits, Musk can compare as spark
plug the direction still rely with those big investors around.

[justdimin]

It's just that Elon Musk, with his rash tweets (and perhaps very deliberate tweets), is causing a lot of chaos in the market, and it's even surprising that state financial regulators turn a blind eye to such things, because when Musk did this with the news about Tesla, the regulator reacted harshly to it. This can only be explained by the fact that the market is relatively young and the regulator has not yet developed a response mechanism. It is clear that the position of such an influential person resonates and arouses great interest among many small investors, but often there is a strong impression that Musk deliberately manipulates the market, which is punishable in traditional markets.

Well, the difference is when you talk about how "euro sucks" there is nothing that authorities can do, even dollar is probably fine but let's keep it guaranteed, if you tweet "Zimbabwe dollar sucks" nothing is going to happen to you anyway. Hell you can tweet about GME because everyone does and as long as you are not owner of gamestop or the CEO then that is going to be fine as well.

However dude tweeted about his own company, he joked about each stock being worth 420 dollars (4/20 weed day) and the price of the stock went up a ton during that period, now it is much higher than that but at the time it wasn't at 420 so it was an illegal thing. Simple fact that you can talk about euro, talk about Canadian dollar, talk about other stocks but you can't talk or joke about your own company, that is just not allowed and it does make sense to me as well.

[oHnK]

Elon's words were like a virus that immediately spread to the market.  Even on June 25 yesterday, only tweeting about Shiba Inu in 24 hours the market went up on the coin.  Yes, the power of whales is unavoidable.  Who is to blame here?  Whales or followers.  They continue to create a market towards a zero sum game.

[skarais]

Who is to blame here?  Whales or followers.  They continue to create a market towards a zero sum game.

I'm not sure who is to blame in this situation. I think this is a win-to-win situation because both the pope and his followers have the same desire for profit. But what is different may be the impact of the rising pattern which seem to be manipulation by the whale. So drop more of your money in the first place then earn more when others start increasing their demand. I'm sure you know what someone mean by announcing "I bought $1 million xxxcoin today and want to buy more in the future".

[RealMalatesta]

According to experts, Musk's influence on the cryptocurrency market is far from over as Bitcoin's fate is still tied to the Tesla CEO's tweet.

These experts are none but self-proclaimed idiots who believe that they know more than others. I don't know how suddenly everything has come on the shoulders of Tesla to carry bitcoins while everything was moving swiftly earlier without even the intervention of Tesla in the market of cryptocurrencies. I know if tesla accepts bitcoins surely it helps the price but it should not be visualized in a way that if Tesla doesn't accept Bitcoins, suddenly the market will close and bitcoins will due. The fate of bitcoins can never be decided by a single person or company. Banks failed to stop crypto so I don't have a reason to believe tesla can do that.

Yes Elon Musk has been able to manipulate the dogecoin market and up to an extent, even the bitcoin market, but if you dive deep and look out for the reason, it is us traders who follow him so blindly that whatever he says, we react exactly how he wants us to react.

[SirLancelot]

As far as what I am seeing every time he is tweeting about cryptocurrency and his diamond hands, the market is having a difficult situation and that's why I am agreeing in this thread that Elon Musk has really the ability to manipulate the market but on the thing that manipulating the bitcoin market? I doubt it because there are so many big whales in cryptocurrency wherein he can not easily make the market dumps.

Not just Elon but any social personality can influence the market, after all, that is what a social influencer is meant to do. Earlier whales were doing the same thing but not with their fame but through sheer capital they were manipulating the market.

Elon's words were like a virus that immediately spread to the market.  Even on June 25 yesterday, only tweeting about Shiba Inu in 24 hours the market went up on the coin.  Yes, the power of whales is unavoidable.  Who is to blame here?  Whales or followers.  They continue to create a market towards a zero sum game.

The thing that terrifies me the most is that Elon, although among the richest, is not even using his money to manipulate the market. He just makes a few tweets and people get crazy which makes me feel like no matter how large the crypto market is, there is a certain distrust among us traders towards cryptocurrency and the market is hollow inside while the market cap might promise a lot.

[Tumanggor]

Haha, just like I said in the previous post, Elon Musk really has the ability to manipulate the bitcoin market, just follow him at least for the moment. But this wouldn't last long; they started to hate him.
At least if you go short, you also have some money. In this market, the more you panic, the more you lose money.
https://medium.com/snapbots-news/snapbots-news-review-elon-musk-suggests-teslas-sale-of-bitcoin-market-drop-again-cb7078dc8f00

your sentence is wrong because Elon is not manipulating the market but manipulating the minds of investors who are in the crypto market
But the good news is, over time, Elon's tweets have started to be ignored

crypto investors think it's just a childish tweet that has no stand
Elon is just an ordinary person with a lot of Twitter followers

[uneng]

Who is to blame here?  Whales or followers.  They continue to create a market towards a zero sum game.

I'm not sure who is to blame in this situation. I think this is a win-to-win situation because both the pope and his followers have the same desire for profit. But what is different may be the impact of the rising pattern which seem to be manipulation by the whale. So drop more of your money in the first place then earn more when others start increasing their demand. I'm sure you know what someone mean by announcing "I bought $1 million xxxcoin today and want to buy more in the future".

Yes, the desire to manipulate prices does exist. But I think it's not sustainable on long run, because many people who followed celebrities like Musk in the past have already lost too much money due to the market's fluctuations, what compromises the reputation of the popular individual advertising he bought nice amounts of any coins.
People who followed Musk recently aren't going to keep doing this, otherwise they are fools who like to lose money, while feeling pleasure in being sheep of someone else. Clever guys who try to manipulate the market may think they are going to be benefited, although the reality can be quite the opposite. Nobody likes manipulators besides their own sheep.

It's like a saying mentioned in a thread's title at gambling section: "It takes years to build a reputation and seconds to break it".

[skarais]

Yes, the desire to manipulate prices does exist. But I think it's not sustainable on long run, because many people who followed celebrities like Musk in the past have already lost too much money due to the market's fluctuations, what compromises the reputation of the popular individual advertising he bought nice amounts of any coins.
People who followed Musk recently aren't going to keep doing this, otherwise they are fools who like to lose money, while feeling pleasure in being sheep of someone else. Clever guys who try to manipulate the market may think they are going to be benefited, although the reality can be quite the opposite. Nobody likes manipulators besides their own sheep.

It's like a saying mentioned in a thread's title at gambling section: "It takes years to build a reputation and seconds to break it".

People are too FOMO what Elon Musk says that it will affect the market very quickly. Elon Musk can say anything whether he want to make a profit or just having fun but the irresistible reaction in the market from other whale has increased the number of FOMO people in the market. This could mean that Elon Musk and other whale could take the decentralized nature of crypto out of people's mind I assume. As for who is to blame, I think it all depend on the perception of each of us.

[Fredomago]

Who is to blame here?  Whales or followers.  They continue to create a market towards a zero sum game.

I'm not sure who is to blame in this situation. I think this is a win-to-win situation because both the pope and his followers have the same desire for profit. But what is different may be the impact of the rising pattern which seem to be manipulation by the whale. So drop more of your money in the first place then earn more when others start increasing their demand. I'm sure you know what someone mean by announcing "I bought $1 million xxxcoin today and want to buy more in the future".

Both sides are into profits, they just wanted to create impacts and they really good in working with influencers like Musk,

in the other side knowing Tesla owner's characterisitcs which by far always wanted to gain money,

it's on the hands of those followers and people who loves riding with the market. Your money depends from how you play with your trading / investment strategy.

[zanezane]

~

You can do everything if you do have the money and its indeed true that popularity and influence would just a bonus and this is why we should be mindful on how to take those shills and calls that he do in the market.

Exactly, the power and influence that money brings has been sought after for centuries and for another centuries to come. If we are mindful of this shills, I think you might be able to make some money or profit out of it remember that no matter how much your dislike the trend in the market, getting in that trend is going to be the best decision to do since trends can make money.

[oHnK]

I'm not sure who is to blame in this situation. I think this is a win-to-win situation because both the pope and his followers have the same desire for profit. But what is different may be the impact of the rising pattern which seem to be manipulation by the whale. So drop more of your money in the first place then earn more when others start increasing their demand. I'm sure you know what someone mean by announcing "I bought $1 million xxxcoin today and want to buy more in the future".

Yes, the desire to manipulate prices does exist. But I think it's not sustainable on long run, because many people who followed celebrities like Musk in the past have already lost too much money due to the market's fluctuations, what compromises the reputation of the popular individual advertising he bought nice amounts of any coins.
People who followed Musk recently aren't going to keep doing this, otherwise they are fools who like to lose money, while feeling pleasure in being sheep of someone else. Clever guys who try to manipulate the market may think they are going to be benefited, although the reality can be quite the opposite. Nobody likes manipulators besides their own sheep.

It's like a saying mentioned in a thread's title at gambling section: "It takes years to build a reputation and seconds to break it".

Profits that are very risky for followers if they take steps to follow the words of whales like Elon.  There are many wiser steps in taking advantage not only through such means.  If the investment climate continues to be filled with price manipulation, it will not be good, there will be many who suffer losses and there will only be 1 winner.  When manipulation occurs, the earliest momentum will gain profit.  Life always gives such choices in the end.

[Vaskiy]

Today Twitter is trending with the Birthday Wishes to Elon Musk. The ATH value of Bitcoin reached once after Elon Musk entered the market. His entry itself a big game changer in the market and more holders profited out of it before he made the consecutive support to dogecoin. Now once again for the large volume buying some negative things were taken into discussion. Once again he'll pump it once after the purchase.

[ven7net]

Haha, just like I said in the previous post, Elon Musk really has the ability to manipulate the bitcoin market, just follow him at least for the moment. But this wouldn't last long; they started to hate him.
At least if you go short, you also have some money. In this market, the more you panic, the more you lose money.
https://medium.com/snapbots-news/snapbots-news-review-elon-musk-suggests-teslas-sale-of-bitcoin-market-drop-again-cb7078dc8f00

In general, I think that people like Elon Musk are needed to voice this or that information of major players. Elon Musk himself is more like the actor who plays the role. Indeed, after his statements about BTC, many realized that he was not an independent player and that it was not safe to believe his words. But as we can see, the stake is placed on media personalities, because they have a large number of followers who trust them and spread their information.

[desticy]

In fact, not only Elon had such power.
Remember, at one time Justin Sun managed to understand well the price of his Tron coin thanks to the most interesting tweets,
then there was a correction, and justin himself got into several awkward situations, and it stopped working. Elon Musk is now in a similar position.

[ziyaaa]

He really had the ability to manipulate the market. But it looks like hasn't now. His single tweet was enough to change things in the market. But I realized something that his tweets are not effective anymore. It's really good news, guys.    We'll finally be starting to be relieved. Investors have been complaining about him continually.

[macson]

He really had the ability to manipulate the market. But it looks like hasn't now. His single tweet was enough to change things in the market. But I realized something that his tweets are not effective anymore. It's really good news, guys.    We'll finally be starting to be relieved. Investors have been complaining about him continually.

This is Elon Musk's latest tweet about the meme coin and nothing happened to the price of the meme coin https://twitter.com/elonmusk/status/1410529698497630212.  people no longer want to believe in Elon, buying a meme coin ^(shitcoin) promoted by Elon will only make you lose.  Elon effect has dimmed