Oh, market manipulation is finally bad now?

[Sanugarid]

How come almost on-one didn't bat an eye when Elon was pumping BTC by tweeting about it? In fact people were encouraging him to tweet about BTC or doge, and now it's suddenly market manipulation and potentially illegal when he is tweeting shit about it and it's going down?

Elon Musk's tweets are definitely an act of market manipulation to the very beginning but the BTC community or the majority of holders does not give a shit since Elon Musk is doing them a favor of pumping BTC but when things turn out differently everyone gets mad at him. We've been fooled by Elon and its only a win-win situation for him so lets hope BTC will recover soon.

[Argoo]

How come almost on-one didn't bat an eye when Elon was pumping BTC by tweeting about it? In fact people were encouraging him to tweet about BTC or doge, and now it's suddenly market manipulation and potentially illegal when he is tweeting shit about it and it's going down?

I never think that bitcoin should be dependent on one man tweet. He tweets positively about bitcoin and market pumps. He tweets negatively about the dumps and the market dumps. That's not how the market should behave and react on his tweets. This is not good for the overall crypto. The market should grow naturally without any single man influence.

It is not the market that is to blame here, but specific people who blindly trust influential figures such as Elon Musk. This means that people still know little about cryptocurrency and how the cryptocurrency market works. We just need to get through this. In the future, this market will no longer react so strongly to such tweets.
As for Elon Musk, I believe that each of us has the right to express our opinions about the cryptocurrency. People will learn more about their idols.

[bryant.coleman]

It is not the market that is to blame here, but specific people who blindly trust influential figures such as Elon Musk. This means that people still know little about cryptocurrency and how the cryptocurrency market works. We just need to get through this. In the future, this market will no longer react so strongly to such tweets.
As for Elon Musk, I believe that each of us has the right to express our opinions about the cryptocurrency. People will learn more about their idols.

Elon Musk is someone who increased his wealth by 1000x by investing in the right asset at the right time. So it is only natural for large number of people to follow what he is doing. If someone had such a fanbase, I would naturally expect him to behave in a more mature way. But unfortunately Elon Musk is exploiting his followers by changing his stance every now and then. In the end, people need to learn that billionaires such as Elon cares only for himself.

[Kakmakr]

Why is it frowned on, when "influencers" or "celebrities" comment positively on Crypto currencies, but when a old farts like Warren Buffett or Bill Gates's negative comments are plastered on social media, then nothing is said about that?  Is it because they are filthy rich and people follow them like sheep?

No my friend... market manipulation goes both ways.... When these old farts smack talk about Crypto currencies... they directly try to sabotage Crypto currencies ... to deter people from investing in Crypto's..because they want those funds to go towards their invested options. 

[kryptqnick]

I think that calling an influential person's tweet about an asset something illegal is a stretch. He had the right to write whatever he wanted about Bitcoin and about Dogecoin, but I'm honestly disappointed with his actions right now. He wasn't a reliable crypto supporter before 2020, causing a lot of confusion with his mix of positive and negative thoughts. However, I truly believed that he changed his opinion about Bitcoin fundamentally at the end of 2020, seeing that it recovered successfully and established a new ATH. But then in May, he's suddenly back with his uncertainty, first discontinuing BTC payments for Tesla, and then implying that his company might sell their BTC. It's unfortunate, but I'm sure Bitcoin will recover eventually.

[imstillthebest]

because everyone wants more pump but to encourage elon to tweet ?
 no way elon will follow to an ordinary person but he is smart and knows what he is doing . what can we do is to wait and watch his next tweet if the tweet is positive or negative but the recent tweet has a negative impact on the price of bitcoin .
market manipulation has never been a good thing but people tolerate it if they can earn and not if they will lose

[lixer]

How come almost on-one didn't bat an eye when Elon was pumping BTC by tweeting about it? In fact people were encouraging him to tweet about BTC or doge, and now it's suddenly market manipulation and potentially illegal when he is tweeting shit about it and it's going down?

Well that’s just it, people are never happy when you speak against what they like especially when it has to do with their money. By him tweeting good about Bitcoin that means the price will be increasing and that means more money for cryptocurrency investors, but the moment he starts tweeting bad about it a lot of people are not going to be happy with him because they know that they are going to be losing their money when the market starts to crash.

But, what Elon has said is not something new, a lot of people have been talking about this same thing for a long time now. I’m just thinking if he’s just getting to know about that or he has known that all this while but kept shilling these coins just make his own profit and then dump them later. But things have changed now, renewable energy sources are mostly being used these days.

[uneng]

Well, that is how a decentralized market full of idolaters works, sooner or later it becomes centralized around a disgusting figure anyway. The issue isn't a big player trying to manipulate people (if we can really call this manipulation), but people letting themselves to be so easily manipulated by a selfish joker. I think first of all the sheep should be blamed for being fool.
Opinions, half truth and tweets will always exist and people behing them have their own personal reasons and interests to spread them on the internet. Those who receive these informations are the ones who need to absorb what is worthful, while ignoring or throwing away what is biased.

[willoweb]

Both are manipulations. Who will guarantee that through the dummies who did not shine all this time, this person did not profit from this? It is clear that after public statements he would discredit himself if he sold everything, but already selling 10% gave the market a signal a little earlier than subsequent statements. However, the fact that it was contradictory and stupidly done speaks for itself. I would not trust such a person in the future, but everyone decides who to listen to him and whom to trust.

[isaac_clarke22]

~

Many wanted to follow the footsteps of a rich ones.
I respect the guy but not his followers. It is just showing that they're being controlled by these people.
What if others like Bill Gates or Mark Zuckerberg claimed the same? Heck, even Mark named one of his goat Bitcoin. I wonder how do other people from Facebook react from that? Will they know hoard on Bitcoin?

[pixie85]

because everyone wants more pump but to encourage elon to tweet ?
 no way elon will follow to an ordinary person but he is smart and knows what he is doing . what can we do is to wait and watch his next tweet if the tweet is positive or negative but the recent tweet has a negative impact on the price of bitcoin .
market manipulation has never been a good thing but people tolerate it if they can earn and not if they will lose

Are you really going to support OP and lie that everybody wanted him to pump it?

I was happy when he had invested and thought a rich guy supports the project that I root for. I felt good, but It wasn't a pump by him. If he bought he had the right to tell the world about it and it's the same about him selling, I'd be fine if he sold and tweeted about it.

The problem with musk is he's making up false statements about Bitcoin and suddenly acting like it's a bad investment. He's confused and probably bipolar. That's why his stock is falling. He's not fit to run a company at this point.

[dikistutmazsabri]

It is obvious that the declines experienced badly affect people because of elon musk's promotion of bitcoin as bad and manipulating bitcoin from now on. many people lost their money and all this happened because of elon musk. The manipulations he made for the Doge were not enough for him, and he began to manipulate bitcoin. should not continue this.

[decodx]

because everyone wants more pump but to encourage elon to tweet ?
 no way elon will follow to an ordinary person but he is smart and knows what he is doing . what can we do is to wait and watch his next tweet if the tweet is positive or negative but the recent tweet has a negative impact on the price of bitcoin .
market manipulation has never been a good thing but people tolerate it if they can earn and not if they will lose

Are you really going to support OP and lie that everybody wanted him to pump it?

I was happy when he had invested and thought a rich guy supports the project that I root for. I felt good, but It wasn't a pump by him. If he bought he had the right to tell the world about it and it's the same about him selling, I'd be fine if he sold and tweeted about it.

The problem with musk is he's making up false statements about Bitcoin and suddenly acting like it's a bad investment. He's confused and probably bipolar. That's why his stock is falling. He's not fit to run a company at this point.

Of course, that's exactly what Musk is doing with his uninformed statements. And Bitcoin suffers for it.
Musk is a very smart guy. He makes lots of good points. But this is a man who is highly emotional and somewhat sociopathic in his short fuse. He has a long history of making wild and erratic claims to pad his ego, feed his ego, and get a rise out of the media and his rivals.

[Dread Pirate Roberts]

He had impact on his tweet or any his statement on twitter but still if he doing it for bad purpose like trying to manipulate crypto market or people faith on bitcoin or any crypto . he just like mcafee even mcafee didnt want to ruin bitcoin market with his statement .

[the rise]

Elon Musk has barely had any influence since he tried to manipulate the bitcoin market, and it's been discovered he wants to make the top doge. I think that's the intent of Elon Musk's arrival.

I agree with your words about Musk. We have bitcoin price today on 40000. This week can be crucial.

I think bitcoin will stand at $35k and hope Elon Musk doesn't do it again. currently bitcoin is weak enough to rise. Expect the market to recover soon

If Elon is manipulating the market he should have dump his BTC already, but we didn't hear anything from them yet about dumping but instead with his single tweet about how bad BTC is for the environment because of the miners using coal electricity. And he did stop allowing Bitcoin payment to buy Tesla just because of that, maybe he's just planning to pump the meme coin on his own instead of Bitcoin?

I don't see any manipulation here but rather a correction plus i saw a nees where investors are pulling out some huge money in Bitcoin that's why we've seen this huge correction. It should help though to let potential investors to help adopt Bitcoin during this dip/correction.

Elon Musk is not out of cryptocurrency, but switching to doge coins. But, he's in control of the market at the moment, Elon Musk's confation on the poor environment about bitcoin is one of the reasons why people hate Elon Musk right now.

[moderator's note: consecutive posts merged]

[bakasabo]

I agree with your words about Musk. We have bitcoin price today on 40000. This week can be crucial.

I think bitcoin will stand at $35k and hope Elon Musk doesn't do it again. currently bitcoin is weak enough to rise. Expect the market to recover soon

I think that the market will recover when people will stop panic selling. But, some people will try to cause this panic or dump on purpose to buy cryptocurrency as low as possible. I think that we have entered accumulation trend right now and the price will recover only when it will be enough. I dont expect a quick recovery, I expect market to be flat during whole summer and only in Autumn things will change to a uptrend or downtrend.

[7788bitcoin]

I think that the market will recover when people will stop panic selling. But, some people will try to cause this panic or dump on purpose to buy cryptocurrency as low as possible. I think that we have entered accumulation trend right now and the price will recover only when it will be enough. I dont expect a quick recovery, I expect market to be flat during whole summer and only in Autumn things will change to a uptrend or downtrend.

We are well past that time period where small time investors will have any impact in the market, when institutional investors are dominating the market you need to understand that they will book their profit whenever they feel that they had the planned profit and the correction is not just panic selling, there are many that are booking their profit and then there are other factors from different government especially China recently which is dragging the price down.

[Maslate]

~

Many wanted to follow the footsteps of a rich ones.
I respect the guy but not his followers. It is just showing that they're being controlled by these people.
What if others like Bill Gates or Mark Zuckerberg claimed the same? Heck, even Mark named one of his goat Bitcoin. I wonder how do other people from Facebook react from that? Will they know hoard on Bitcoin?

I'm so happy seeing these rich people entering crypto and bring positive and making hypes but behind these things, there is something unfavorable plan towards us. And the result is that the market fills with price manipulations and more.

Bill Gates, Mark Zuckerberg, and Elon Musk, these people are greedy. They are apparently smart and wise people but there is no way to allow them to control the market. It could be the time has come that people never appreciate their hard works but becoming their haters, not their followers and supporters anymore.

[Lordhermes]

This isn't even a manipulation, just very erratic and childish behavior.

Elon isn't the first market manipulator so far, before him there had been so many influencers in the industry, he is just performing some sort of childish behavior and manipulating the market obviously, it sounds stupid to me when a renounced and reputable man will praise the usage of bitcoin and at some point rejected the same thing he praised in the past.

Elon is just there for profit, riches doesn't last forever, we would have another influencer in the future, it's a turn by turn game, it's his turn, let him manipulate the way he likes and let him know this crash will end sooner.

[Review Master]

How come almost on-one didn't bat an eye when Elon was pumping BTC by tweeting about it? In fact people were encouraging him to tweet about BTC or doge, and now it's suddenly market manipulation and potentially illegal when he is tweeting shit about it and it's going down?

Only new users will act like that it's pure manipulation because all mature traders/diamond hand hodlers know, this type of 30-80% correction is nothing compare to the previous bear markets which we already experienced. Also, all diamond hand hodlers already made criticism when Elon started to make tweets to pump the market. Not only this, we also make awareness about dogecoin, not to hodl it as anyone could rekt for that. So, Elon Musk is just playing around and nothing else as bitcoin will stay for longer time and Elon won't stay in this market for longer period of time.