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Author Topic: Is Elon Musk manipulating the market?  (Read 3020 times)
ecnalubma
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May 21, 2021, 11:31:14 PM
 #21

I believe so, if he says negative about Bitcoin and the prices dumps I’m pretty sure that he’s loading up. Now that he knew how influential he is even in crypto ecosystem, he might repeat his steps to take advantage of the situation. There will be time that he will become irrelevant in crypto space if he keeps trolling around.
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May 21, 2021, 11:37:00 PM
 #22

I have this feeling now that we are at the mercy of Elon Musk, he has a huge supply of Bitcoin and he can crash the market if he wishes, we are not in a good position right now, a man shilling a meme coin and FUDDING the mother of all coins this is the reason why Bitcoin and the market is going down, we are following a wrong guy, who is doing harm to the community.

Whats is the point of dumping coins bought at 30k crashing market "if he wishes". Yes he can do that ... but what for? Speculating on the market is not easy. No matter if you have 100$ or $100B. If he will crash market by dumping his coins ... he will do that at average price of 20-25k ... he bought at 30k. Will he be able to buyback? Hard to say. At the end of the day he will say as high as market will want to buy ... not as cheap as it is possible to "crash the market". He will sell and than start to FUD not FUD about energy, FUD abount miners still hodling $1B worth bitcoin.
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May 21, 2021, 11:55:55 PM
 #23

Ya she had a ton of money so she had capability to manipulating the market. Firstly, when elon entering the market i'm verry happy about that because he say good words about cryptocurrency and right now he keep talking sh*t about btc, i really hate this man right now!!

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May 22, 2021, 02:49:17 AM
 #24

What are your thoughts? Do you think Elon Musk is manipulating the crypto market?
It is clear that elon musk is trying to manipulate the market through his Twitter, and there are a lot of people who believe in it.
If the market still has people investing on the advice of others, elon musk is still going on

I also think about you, the popularity that Elon has is enormous, he has influence and a large following who is always monitoring what he is doing, and he sees this opportunity to manipulate the crypto market, with the more people affected the greater the profit he will get.

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May 22, 2021, 04:45:18 AM
 #25

I think Elon Musk did it. He and his company told to the public if Tesla will accept Bitcoin payment, but after that they cancel it only for reason Bitcoin mining is not green and not friendly for the world. This reason not make sense because Bitcoin mining already existed for years, and they should be told us about it before accept Bitcoin payment. But in other side, Elon Musk already help crypto market growing. For now as investor and trader, we keep learn about trading management much better and avoid too greedy.

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May 22, 2021, 07:31:24 AM
 #26

Ya she had a ton of money so she had capability to manipulating the market. Firstly, when elon entering the market i'm verry happy about that because he say good words about cryptocurrency and right now he keep talking sh*t about btc, i really hate this man right now!!
Really bad what Elon Musk did by manipulating the market,
I don't know what Elon Musk aims to do and we'll see what he will do next,
I think many people hate it as much as you
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May 22, 2021, 07:40:14 AM
 #27

Elon Musk is absolutely manipulating the market. He can affect the price of a cryptocurrency even if he just tweets about it. And the latest incidents also damaged the market surely. Tesla's decision caused BTC price to fall sharply.

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May 22, 2021, 08:39:30 AM
 #28

At some point, considering his influence and the money he has Elon Musk has control at manipulating the market. Nevertheless, we cannot blame to him all the things that are happening in the market right now, let us not disregard the fact that China is currently planning to ban bitcoin at the moment and it impacted a lot on bitcoin's price. The dip or the correction we are currently experiencing is just normal but let us notice the pattern and the reason of all the fuss that is going so that we can have the idea of what's best to do.
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May 22, 2021, 09:11:20 AM
 #29

The conspiracy theory was introduced by the CIA who knows when for what? To ridicule at the root of any reasonable inference. And when they start talking about world government, everyone says oooo conspiracy theory hahaha morons. But no one looks at the facts. Ha-ha-ha.

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May 22, 2021, 09:15:56 AM
 #30

Ya she had a ton of money so she had capability to manipulating the market. Firstly, when elon entering the market i'm verry happy about that because he say good words about cryptocurrency and right now he keep talking sh*t about btc, i really hate this man right now!!
What is he talking about BTC for at this point? Is it because the price of BTC has fallen and is also followed by all the other Altcoins including Dogecoin which he glorified a while ago? now there are many people in crypto who hate it.

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May 22, 2021, 09:30:03 AM
 #31

price move according to his tweet is a sign that he manipulate the coin . he dump btc but we are not sure if he bought btc after it because the price would have start recovering now but it wasnt .
 i guess musk leave btc for a while and foccus on manipulating doge  .
if he got tired in doge he will do the same thing as btc and he can come back to buying more btc before he make a positive tweet but with or without this guy i can still continue like i did before .
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May 22, 2021, 10:00:46 AM
 #32

Ya she had a ton of money so she had capability to manipulating the market. Firstly, when elon entering the market i'm verry happy about that because he say good words about cryptocurrency and right now he keep talking sh*t about btc, i really hate this man right now!!
Really bad what Elon Musk did by manipulating the market,
I don't know what Elon Musk aims to do and we'll see what he will do next,
I think many people hate it as much as you
A person like Elon can do anything he wants, and he has a lot of money, he can manipulate the market, and else. We do not know what his aim is, but that will be to make more money and make him famous among the other celebrity, and he really did that.

I do not know what people think about Elon now after what he did to them, but I hope that people now realize and see the truth. But he can still do the same thing as before because we never know what he will do next.

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May 22, 2021, 10:07:02 AM
 #33

When will topics "Elon Musk is a manipulator", "Elon Musk destroyed Bitcoin" stop to appear? While everyone is blaming Elon, China managed two times during this week to ban and put strict limitations on cryptocurrency. People, wake up. Elon sure has powers, but he dropped Bitcoin price only to 50k, everything other is China consequences.

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May 22, 2021, 10:27:22 AM
 #34

When will topics "Elon Musk is a manipulator", "Elon Musk destroyed Bitcoin" stop to appear? While everyone is blaming Elon, China managed two times during this week to ban and put strict limitations on cryptocurrency. People, wake up. Elon sure has powers, but he dropped Bitcoin price only to 50k, everything other is China consequences.

He has become a manipulator because we follow his lead and his tweets, if we all stopped listening and following all his advice we are still good and Bitcoin should be heading to $60k, we are going to survive this, we have survived the China FUDS we can easily survive this too, we just need to be mature and do what is right.
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May 22, 2021, 10:36:54 AM
 #35

Well for me yes he is manipulating the market he knows that he would create an impact by doing it and using it to gain profit.
And it isn't just his fault his followers should also get blamed for it they are doing what he wants that is why he keeps on manipulating,
I think if people stop on listening to him and giving shit about his tweets or every moves this guy would eventually stop.

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May 22, 2021, 10:49:27 AM
 #36

Since Elon Musk became the world richest man and put his interest in crypto! Many people are now following his tweets without even making their own researches, many people believes in him that's why anytime he makes a tweet, the market moves in his favour, but I think with time people will no longer regard his tweets anymore, he uses his influence to manipulate the market since he knows his followers will always do what he says, without his followers he can't manipulate the market anymore, if people ignores he's tweets the market will not move in his favor. Just so bad that the masses are just following a man's decision.

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May 22, 2021, 10:50:10 AM
 #37

I also think that Elon Musk is manipulating the market. I understood it better when he decided to stop accepting Bitcoin on Tesla sales and gave a hilarious reason for it. But I don't understand why he is doing this. What is his profit in this? Tesla are in a huge loss also as they made a huge investment into Bitcoin in the end.

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May 22, 2021, 11:05:11 AM
 #38

I think it's not just elon, i'm sure he have the whale community that ready to pump and dump the price everytime he's going to make a good news or bad news on his tweet. The amount of coins that whose whales have is definitely huge and it must make the market move, and their targets are the one whose panicking when seeing the market red

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May 22, 2021, 11:20:34 AM
 #39

He's trying to. I'm sad that it works. It's like a domino effect whenever he puts little words in Twitter. His followers starts to do what he input there and the market reacts. For me, it looks like a cult already. Sorry for the bad comparison for the Musk's supporters here but that's how it just looks for me.

I don't like the idea of someone giving orders and others keeps on following it. With Bitcoin no one was like that. It had even been bashed by FUD's and bad images in news and social media but it still stands. It's an individual view though.

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May 22, 2021, 11:35:48 AM
 #40

I do not think that Elon Musk manipulates the cryptocurrency market, but since there are so many big players watching all the actions of Elon Musk and Elon Musk constantly writes some messages about cryptocurrencies and when big players see various messages about cryptocurrencies on Elon`s Musk Twitter profile, then immediately this cryptocurrency about which Elon Musk wrote begins to grow in price and therefore, to some extent, Elon Musk is a manipulator, but he by himself does not participate in this.
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