Is Elon Musk manipulating the market?

[cryptoknightt]

It could be true, and maybe not. Everything went awry because many people were affected by the news of elon tweet and chnaa' lately. Absolutely right they made a decision based on Elon Elon and Elon. I see this situation as planned by Elon to make a major correction to BTC, either for his own benefit, or because he cares so much about the environment.

[1714546760]

1714546760

[1714546760]

1714546760

[1714546760]

1714546760

[1714546760]

1714546760

[1714546760]

1714546760

[dotcoin.info]

Let's say Elon is really manipulating the market, in which case we should be grateful to him.
After all, it was he who gave a few impulses for Bitcoin with his tweets, and he also provoked the fall.
Where is he wrong? If we believe in this, then he just canceled the conditions for bitcoin created by his own hands.

[Darktongue]

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.

Elon Musk has already been manipulated several times, you must know it. His big investment was in the Dogecoin, I'm assuming as my research. I visited Dogecoin social sites, even devs were also surprised about the price of Dogecoin. Elon must think, he knows the future and he can handle it. Between 6 months, Elon musk lovers will start to hate. I like him for his spaceX, but in this case he doesn't deserve it because so many people will lose their money.

[Clement Kaliyar]

Elon Musk has its own hidden motive and for sure, to make advantage of this market for his own benefit. And whales are also riding this market activity so that when people start to panic sell, they will buy those coins and hold them until their price d recovers. This is truly a market manipulation.

There is no debate about the manipulation power of Elon Musk as he is doing that for a while in multiple financial markets and what i did not understand till now is whether he is hedging money before making those public statements about the market and making a fortune behind the back or is he just having fun whenever he is free from thinking about developing something else .

[bitkanu]

Main problem is that people reacts like have no brain and sell like crazy making stampedo. Not last time probably.

They were only following the hype. Their bran is always thinking about how to get instant profit from the market. that's why there are lots of people who keep watching the elon's tweet and they were still betting into the doge coin. Elon is actively tweeting about the doge coin development and this will always continue until people will be realized if their minds already manipulated.
This doge trend will be last long.

[Wawa2013]

Main problem is that people reacts like have no brain and sell like crazy making stampedo. Not last time probably.

They were only following the hype. Their bran is always thinking about how to get instant profit from the market. that's why there are lots of people who keep watching the elon's tweet and they were still betting into the doge coin. Elon is actively tweeting about the doge coin development and this will always continue until people will be realized if their minds already manipulated.
This doge trend will be last long.

Therefore, indeed we need to learn many things related to the crypto world, so that we can really understand how to invest properly in
the crypto world. Because it is sad for many people to enter the crypto world because they hope to get instant profit. Yet if we study
the crypto world properly, it takes patience and a long process so that we can make a profit. And most importantly, we should never
invest because it is influenced by other people, we must try to analyze and do our own research to decide which coins we will buy and
when is the right time to enter the market. Therefore, we will not fall victim to Elon Musk if we do our own research and analysis.

[Abiky]

he has his own agenda and that must be true. there lots of theories about this but we didn't have strong proof. The sense rumour is about elon owned lots of doge coins and that's why he was manipulating the market to make his portfolio in doge coin goes crazy. that being said that if the doge coin can be considered as a way for him to make money from the market.

I think that you can also find lots of discussion related to that thing.

It's all about making as much money as possible by manipulating the market with tweets that could bring a positive or negative environment in the crypto/Blockchain space. Elon Musk knows that most people don't do their own research when it comes to crypto/Blockchain tech. They're only in it to make a quick buck, instead of believing in its core technology to change our world for the better. By manipulating people through social media posts, Mr. Musk can control the market for his own financial benefit. I bet he made a lot of money with the DOGE pump, and the recent Bitcoin dump. The rest of the investors might have lost big time because of the wild fluctuations in crypto prices. If this keeps up, only rich people will dominate crypto market leaving the average investor or trader in the dust. I hope that doesn't turn out to be the case in the long term, or else, crypto will be doomed. Just my thoughts

[DU18]

Main problem is that people reacts like have no brain and sell like crazy making stampedo. Not last time probably.

Actually it is not a serious problem, because those who sell when market conditions are bad will always regret it when market conditions have improved, so there is no need to think about it because it is their right.

in my opinion it is only done by people who are new to or joining cryptocurrency so that when prices are down they look panic and take the decision to sell their assets to avoid greater losses, but if they have been in cryptocurrency for a long time, of course they have realize that the decline in prices is a common thing and they might hold it until the price or market gets better again, because indeed they have learned from years of experience in dealing with every condition that occurs in the crypto world.

[EmmaGod]

I'm of the opinion that the market is more than any single individual. It may seem like Elon musk is manipulating the market and enforcing his will, but the market is going to surprise everyone. The next wave of bull run is certainly going to be higher than what we have presently and several manipulators would be disappointed.

[globalpain]

In my opinion, it is not Elon Musk who manipulates the market,
we know Elon Musk this year and it is only natural that he has always been a pump and dump figure this year,
because many followers of this person make panic sell and panic buy, but it should not be manipulation, which becomes Market manipulation is whales,
whales make Fud and make good news so you can get a lot of profit from it, so don't get caught in it.

[carlisle1]

Main problem is that people reacts like have no brain and sell like crazy making stampedo. Not last time probably.

Actually it is not a serious problem, because those who sell when market conditions are bad will always regret it when market conditions have improved, so there is no need to think about it because it is their right.

in my opinion it is only done by people who are new to or joining cryptocurrency so that when prices are down they look panic and take the decision to sell their assets to avoid greater losses, but if they have been in cryptocurrency for a long time, of course they have realize that the decline in prices is a common thing and they might hold it until the price or market gets better again, because indeed they have learned from years of experience in dealing with every condition that occurs in the crypto world.

If they only educate themselves before joining it wont be easy for anyone to moved them out, this really the big factors that affects the market movement, newcomers who bought at the peak and panics when the market experienced corrections.

Not being ready with the situation they'll choose to sell and lose portions of their investment fearing that they've might lose everything.

It isn't such personalities or businesses but those who keeps doing stuff that can be avoided if they only have the right knowledge and understanding.

[livingfree]

I'm of the opinion that the market is more than any single individual. It may seem like Elon musk is manipulating the market and enforcing his will, but the market is going to surprise everyone. The next wave of bull run is certainly going to be higher than what we have presently and several manipulators would be disappointed.

I'm on it and reckon your opinion.

That's for sure that the next bull run will be more than this bull run. But the manipulators won't be disappointed because they'll be also the one that's going to be part of this bull run and that's for sure.

You think that people like Elon will be disappointed? that won't happen.

[Maslate]

I'm of the opinion that the market is more than any single individual. It may seem like Elon musk is manipulating the market and enforcing his will, but the market is going to surprise everyone. The next wave of bull run is certainly going to be higher than what we have presently and several manipulators would be disappointed.

I'm on it and reckon your opinion.

That's for sure that the next bull run will be more than this bull run. But the manipulators won't be disappointed because they'll be also the one that's going to be part of this bull run and that's for sure.

You think that people like Elon will be disappointed? that won't happen.

He won't because we don't play his emotion, it was him who played most of us, especially the newbies.

With Elon not able to manipulate the market anymore, it could be good for the market for a short time, but eventually, other personalities will come out that we might like to follow could still do what exactly Elon has done or been doing.

[livingfree]

I'm of the opinion that the market is more than any single individual. It may seem like Elon musk is manipulating the market and enforcing his will, but the market is going to surprise everyone. The next wave of bull run is certainly going to be higher than what we have presently and several manipulators would be disappointed.

I'm on it and reckon your opinion.

That's for sure that the next bull run will be more than this bull run. But the manipulators won't be disappointed because they'll be also the one that's going to be part of this bull run and that's for sure.

You think that people like Elon will be disappointed? that won't happen.

He won't because we don't play his emotion, it was him who played most of us, especially the newbies.

With Elon not able to manipulate the market anymore, it could be good for the market for a short time, but eventually, other personalities will come out that we might like to follow could still do what exactly Elon has done or been doing.

Well, IMHO, the guy knows what will be the possible in and out on it and strongly believes that he can endure whatever what it takes on him whether the most negative outcome shall go for him. He got more experience than us in different industries and he's more than that.

I don't admire him but I'm just stating the fact that the guy has experience and putting him in that bad situation even if it's just his feeling, that's really hard to happen unless there's something personal which is like his worst nightmare.

[Vaculin]

Well, IMHO, the guy knows what will be the possible in and out on it and strongly believes that he can endure whatever what it takes on him whether the most negative outcome shall go for him. He got more experience than us in different industries and he's more than that.

I don't admire him but I'm just stating the fact that the guy has experience and putting him in that bad situation even if it's just his feeling, that's really hard to happen unless there's something personal which is like his worst nightmare.

And that he use such experience to take advantage of the young and innocent investors who are following him believing that Elon Musk can help them. But in the end, he put some trap. If his intention is acceptable, no way that the community will get angry and hating him. He put this situation worse and that he receives a bad reputation as well.

I know we don't like this to happen but if we just keep silent, this person will continue doing and I think he needs to stop.

[Tervelatuk]

ELon trying shake crypto market with his power, he start with doge and tweeting to the moon.much traders influenced by his tweet and even hope elon will continuesly tweet positive about doge and crypto market. bu in my opinion , its not good for us cause i smell decentralized here. we only focus on one person meanwhile if we look at back, bitcoin could surive without any help from influencer

[Distinctin]

He is manipulating the market, ever since he came here and tweet nonsense tweet there's a disruption of the market, the recent fall, is just one of the proof that is making a disruption, if he did not create a FUD against Bitcoin it could have been going into the $70 k level, the market is going the other way around by supporting mem coin instead of a coin with an established reputation and with many usage and good platform.

If he tweets nonsense, nobody would give interest in him but he does it well and that is why a lot of people got fooled. It is too late to see the truth behind those shilling and positive tweets and he uses his personality to acquire followers but unfortunately, these illusions had put to an end, and we started to hate him back.

Such greedy moves that Elon Musk does have a huge impact on the market but this is not enough to ruins it. He is just one of those manipulators who just come and lose, then to say goodbye.

[bison]

ELon trying shake crypto market with his power, he start with doge and tweeting to the moon.much traders influenced by his tweet and even hope elon will continuesly tweet positive about doge and crypto market. bu in my opinion , its not good for us cause i smell decentralized here. we only focus on one person meanwhile if we look at back, bitcoin could surive without any help from influencer

There are advantages and disadvantages of the effects caused by Elon's current actions, where we can benefit from the growing doge, but on the other hand this can be fatal if we just follow what Elon did and it seems as if we are very dependent on him, so that Elon can easily manipulate the crypto market with its popularity, and you are also right about bitcoin, it doesn't need the popularity of an influencer to grow to dominate the crypto market today.

[gerome420]

Who isn't?

[warg2017]

I think it is too late to change the market like it used to be, now people are too affected by the tweet made by Elon Musk, whatever he says always makes a big reaction in the market, if this continues it could be that the market can be completely manipulated by a few people, this is very bad for the growth of the crypto market.

I don't think it's that bad, besides, i think there are some big whales using Elon Musk's tweet to manipulate the crypto market, not Musk. This is what we called celebrity effect, but do not worry because of one day it will fail.  IMO, this round of Bull has three hypes: DEFI, NFT, Elon Musk.