Is Elon Musk manipulating the market?

[Abiky]

Is that true that Elon Musk has the capability to control and manipulate the whole crypto market? I doubt it. I think there are other whales behind it and not just Elon. Good to ride on what's happining in the market. Buy more now and hold because market start recovering again after a few dump. It's not a bearish market yet, so hurry up and fill your bags.

Could be. For what I know, there's extreme market manipulation by those who want to get the most out of crypto. Usually, whales and the wealthy are behind the ups and downs. It's good for them, but not good for the average person like you and me. Until the crypto market becomes regulated, we'll keep experiencing "hiccups" along the way. Volatility will persist until everything is put under control. The more crypto/Blockchain tech becomes mainstream, the better it'll be for the stability of the market.

Elon Musk can try to manipulate the market by spreading either negative or positive comments across social media platforms. But people will ultimately decide whenever to follow his comments or not. I wouldn't worry about Elon Musk as long as crypto/Blockchain tech remains decentralized. Just my opinion

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[Noruka]

There is not even a need to ask a question like this.    Of course, he is manipulating the market and I bet he is enjoying it as well. Besides, Tesla has made an incredible amount of investment into Bitcoin. I assume that Elon Musk isn't happy about the current situation. And he wants to make things easier for the market to rise again in the recent times.

well, he has the power for it. the most real coin being manipulated is the Doge. however, currently the price of doge is also decreasing because the price of bitcoin is falling quite deep. well, for now, there has been no significant movement from Elon to make bitcoin prices or doge dumps or pumps. however, it's very clear that the coin's price hike is currently being driven by the posts updated on his twitter.

DOGE now lost nearly 70% of its value from its ATH when Elon Musk was actively shilling it. If I were him I would feel bad, but that guy doesn't feel bad. He also doesn't feel bad for his thousands and thousands of employees who work under bad conditions, low payment and an atmosphere of psychological pressure. Too bad he made fun of people in the crypto scene because some of them are from poor countries who may have trust his words a bit too much.

The guy is a narcissistic clown, how do you expect him to feel anything? I've lost every bit of respect for this clown, I saw his true character and I tell you this guy is a dangerous dude, hopefully people won't forget this because his agenda is long, he still has many things to "implement" for the human race and plans to deceive many.

I must give credit to Jeff Bezos who wants to use his own rocket and fly to another planet together with his brother. I am curious to see when Elon Musk decides to put his own life on the line and use one of his own rockets to go to another planet. So far he hasn't risked anything except for money, and even that is doubtful.

[macson]

The anger of the residents of the crypto market has peaked and this is the effect of Elon's tweets arbitrarily manipulating the market in his favour, this deserves to be accepted by Elon as a consequence. He's clearly glorifying doge and trying to bring bitcoin down, he's even tweeted that butcoins are a bad thing.

Elon wants to make big profits from the market especially profit from the shitcoin doge that he holds.

There's no need to blame someone for this even though it's clearly a very bad effect, because the Chinese state has also issued news to limit Bitcoin so that the downside effect can be bigger as it looks now, so stop blaming just one person, even if he has ability for it.

Sepertinya Elon belajar dengan baik dari respon pengikutnya dan investor crypto berdasarkan tweet terakhir tentang crypto, mungkin dia akan melakukan cara lain untuk membuat tren baru tetapi tidak dalam waktu dekat, karena dia perlu mengembalikan kepercayaan orang terutama pengikutnya yang telah kehilangan rasa hormat padanya

wtf....hey dude, go to your local board.

Today there was a new event of extreme volatility in SHIBA's prices after Musk tweeted that the name of his Shiba Inu dog breed will be called Floki.
Among other things, I have already noticed that tokens also called Floki have been made... a scam behind the manipulation.

so Floki will be the next shit memetoken, i think the market became a zoo because of Elon.

[iged_war]

Today there was a new event of extreme volatility in SHIBA's prices after Musk tweeted that the name of his Shiba Inu dog breed will be called Floki.
Among other things, I have already noticed that tokens also called Floki have been made... a scam behind the manipulation.

he is playing again in market and from Doge case we should learn if trapped here our money will loss. Shiba inu be next subject for elon to make manipulation and unfortunately traders reacted with this tweet. Shiba price didnt pumped alot while elon shill it , and looks like every one carefully and didnt response anymore to him.

[redWAY]

Elon Musk got it promoted on mainstream media. This is out of the question. But have small investors suffered from it? Also yes. The problem begins with what goal does musk have and what profit? With Dogecoin statements, it shows me that he likes to fool around. He doesn't always care what he triggers with his tweets. Anyone who has taken a closer look at him in the course of his career will find that he does not always do useful things. 

[TastyChillySauce00]

Is Elon still manipulating the said coin? Many weeks have passed since he actively engaged in both Bitcoin and Dogecoin. But I have not heard anything other then the SpaceX coin ads there are frequenting Youtube ad space. If it is true that he is developing his own cryptocurrency, then it will be sure that he will abandon Dogecoin and will be concentrating on his own coin. We can see a massive drop in DOGE and those who bought during the ATH will suffer greatly.

he is not making any big statements yet, as he understands that the last time he received a lot of negativity because of his tweets.I think he will still make statements about cryptocurrency, but they will not be as manipulative as in the past.

He's just got warned by the SEC, elon is the kind of guy who seems chill but actually opportunistic imo and if there's chance arise he'll definitely do that again and I doubt he spend so much time shilling just to retreat without real reason like that.
though it seems he's holding making some shill specially for btc because the market is rather bearish and his shill will have significantly less impact, he's just waiting for opportunity thats it.

[NewRanger]

Is Elon still manipulating the said coin? Many weeks have passed since he actively engaged in both Bitcoin and Dogecoin. But I have not heard anything other then the SpaceX coin ads there are frequenting Youtube ad space. If it is true that he is developing his own cryptocurrency, then it will be sure that he will abandon Dogecoin and will be concentrating on his own coin. We can see a massive drop in DOGE and those who bought during the ATH will suffer greatly.

he is not making any big statements yet, as he understands that the last time he received a lot of negativity because of his tweets.I think he will still make statements about cryptocurrency, but they will not be as manipulative as in the past.

he is shilling shiba inu now, elon musk start shilling shitcoin again in his tweet and unfortunately it doesn give serious impact to shiba coin price. elon quite for a while bitcoin price drop sharply maybe still arrange strategy to make bitcoin could recover again , as we know tesla which is his company hold bitcoin alot. soon or later elon musk will come back and tweeting about crypto again , maybe this moment he have another task in company which is need his time and energy.

[Dr.Osh]

The guy is a narcissistic clown, how do you expect him to feel anything? I've lost every bit of respect for this clown, I saw his true character and I tell you this guy is a dangerous dude, hopefully people won't forget this because his agenda is long, he still has many things to "implement" for the human race and plans to deceive many.

well, even though we know that person is dangerous, but he really managed to move the price of crypto, especially bitcoin and doge. actually, I was quite impressed by that, to the point that he made the price of bitcoin fall by half of its ATH. this makes me think that currently Elon Musk has a big influence on the current bitcoin price movement. even by removing bitcoins from Tesla, and selling 10% of the bitcoins he holds, the bitcoin price dump is pretty severe.

[ChaoChibai]

Every time Elon Musk talks positively about Dogecoin on Twitter, price per coin goes all the way to the moon. The contrary happens if he talks negatively about it. Most recently, Elon Musk criticized Bitcoin's high energy consumption stating that it's harmful to the environment. This caused Bitcoin's price to plunge all the way to $42k in an instant. It's up to this point, where Bitcoin hasn't recovered back to the $57k - $58k range.

It looks like people make decisions based on someone else's opinion instead of doing their own research about it. Most people follow Elon Musk closely, so anything he says (good or bad) can directly affect the whole crypto market in general. I believe Elon Musk's true intentions is to manipulate the market for his own financial benefit. Who knows if he bought more Bitcoin after prices went down because of his tweet?

What are your thoughts? Do you think Elon Musk is manipulating the crypto market? If not, why? Will crypto carry on as usual without Mr. Musk in play? Or is it too late? Your input will be greatly appreciated. Thank you.

Well, I can not say that Elon Musk is manipulated market in direct way, but I think it is kind of indirectly because of Elon Musk is a huge person in the society so his tweeted is giving a big impact in the market. We can see that so many people rushing to buy Dogecoin because of his tweeted and we can see now after the reverse tweeted, the price is dropping.

[sammy21]

he is not making any big statements yet, as he understands that the last time he received a lot of negativity because of his tweets.I think he will still make statements about cryptocurrency, but they will not be as manipulative as in the past.

build Elon learns well from the response of his followers and crypto investors based on recent tweets about crypto, maybe he will do another way to create a new trend but not anytime soon, he needs to restore people's trust from his followers who lost respect from him

[heroalam]

Yes Elon manipulates market, Who believe Elon tweet he will be distorted. I believe because of Elon enter crypto world just for making Money and people just blindly follow his tweet  lol

[_MrTuyul404]

I thought so too, first he manipulated the price of dogecoin and now it has an effect on the price of bitcoin
a lot of people are affected by Musk's Fomo, and I really hate it

[Abiky]

well, even though we know that person is dangerous, but he really managed to move the price of crypto, especially bitcoin and doge. actually, I was quite impressed by that, to the point that he made the price of bitcoin fall by half of its ATH. this makes me think that currently Elon Musk has a big influence on the current bitcoin price movement. even by removing bitcoins from Tesla, and selling 10% of the bitcoins he holds, the bitcoin price dump is pretty severe.

Elon Musk has too much influence over crypto's prices on the market. People seem to follow his comments on Twitter to either buy or sell crypto. They don't care about doing their own research, since they're only following the hype. As long as their pockets are filled with money in the least time possible, nothing else matters. I'm pretty sure investors will regret themselves once they find out they've spent their hard-earned money into a useless cryptocurrency like Dogecoin. It will all go down the drain once Elon Musk becomes bored of it.

Bitcoin's still struggling to get back to $50k, largely because of Elon Musk's negative comments about it. Tesla's decision to stop accepting Bitcoin as payment method, alongside Elon Musk's criticism of Bitcoin's high energy consumption, has led to the downfall in Bitcoin's price. How long will this keep up, is beyond me. Someday people will realize that it's not about Elon Musk, but rather about crypto/Blockchain tech making our world a better place by decentralizing the global economy. Once they realize that, crypto will remain resilient regardless of a single man's actions in the real world. Just my thoughts

[Sendi blackspade team]

well, even though we know that person is dangerous, but he really managed to move the price of crypto, especially bitcoin and doge. actually, I was quite impressed by that, to the point that he made the price of bitcoin fall by half of its ATH. this makes me think that currently Elon Musk has a big influence on the current bitcoin price movement. even by removing bitcoins from Tesla, and selling 10% of the bitcoins he holds, the bitcoin price dump is pretty severe.

Elon Musk has too much influence over crypto's prices on the market. People seem to follow his comments on Twitter to either buy or sell crypto. They don't care about doing their own research, since they're only following the hype. As long as their pockets are filled with money in the least time possible, nothing else matters. I'm pretty sure investors will regret themselves once they find out they've spent their hard-earned money into a useless cryptocurrency like Dogecoin. It will all go down the drain once Elon Musk becomes bored of it.

Bitcoin's still struggling to get back to $50k, largely because of Elon Musk's negative comments about it. Tesla's decision to stop accepting Bitcoin as payment method, alongside Elon Musk's criticism of Bitcoin's high energy consumption, has led to the downfall in Bitcoin's price. How long will this keep up, is beyond me. Someday people will realize that it's not about Elon Musk, but rather about crypto/Blockchain tech making our world a better place by decentralizing the global economy. Once they realize that, crypto will remain resilient regardless of a single man's actions in the real world. Just my thoughts

I don't understand why people still follow what Elon says.
we once saw him crack a joke with dogecoin on his social media. raised dogecoin but after that dropped it. so does what it says about bitcoin.
why do people like that still have many followers and believe what Elon says? they panic too easily and don't do research beforehand.
hopefully, he can be like McAfee soon.

[Oneandpure]

Elon musk still has magic about his tweet and happen last day about new tweet baby doge, we don't know called about doge or not because now have new coin the same name with his tweet baby doge and listed on MXC exchange. Looks crazy why many people trust with new coin coming from his tweet and directly success listed on MXC.

[lousie9]

we do not deny that fomo from elon musk is currently very dominant and that always happens with price movements from bitcoin, but all of that is certainly not 100% following fomo only from twitter but there are many other factors that cause prices to move up and down as far as examples have shown. described some of our friends above.

In my view, fomo is most powerful when the Chinese government provides policies for crypto users.

[Oneandpure]

we do not deny that fomo from elon musk is currently very dominant and that always happens with price movements from bitcoin, but all of that is certainly not 100% following fomo only from twitter but there are many other factors that cause prices to move up and down as far as examples have shown. described some of our friends above.

In my view, fomo is most powerful when the Chinese government provides policies for crypto users.

Always dominant with his tweet and Baby Doge coin was flying to higher price, I see last three days still lower price and now back above 500% and very fantastic increase price from Elon Musk tweet coin. I think when have great chance later if Elon Musk make new tweet about coin I will try entry early but sell faster, not any holding moment from shit coin because can be dump to lower price.

[reza7777]

Of course Elon Musk does that only for his own financial gain, when he has bought a lot when a dump occurs then he will make a good tweet that makes the price go up and then he will sell it, sometimes I feel annoyed at that person for always talking nonsense

[ingiltere]

Of course Elon Musk does that only for his own financial gain, when he has bought a lot when a dump occurs then he will make a good tweet that makes the price go up and then he will sell it, sometimes I feel annoyed at that person for always talking nonsense

If he has this opportunity why wouldn't he use it? It's possible that he manipulated the market but markets overreaction is the real problem here. If market was mature enough there wouldn't be that manipulation by only one person. Bitcoin is way too powerful now, I don't think they can manipulate the market that big again. Bigger and more mature market is better for everyone.

[tabas]

Of course Elon Musk does that only for his own financial gain, when he has bought a lot when a dump occurs then he will make a good tweet that makes the price go up and then he will sell it, sometimes I feel annoyed at that person for always talking nonsense

That's the cycle that he does. He'll buy and whenever he's ready to pump it, he'll tweet good things just as the usual guy that pump and dump. You'll always get to see him do that whenever he's done buying. And when he's done selling, you'll barely notice his actions.
That's how he manipulate the market, when he buys, tweets good and vice versa.