Is Elon Musk manipulating the market?

[Kelvinid]

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.

Indeed, he uses to pump Bitcoin and Doge before people realize that Elon Musk is manipulating the market. It simply like we are having a good time first (benefiting from those tweets) before we got to know about his real intentions. This dirty tactic is so popular, rich people can easily do that as they have such capability, some were also taking advantage while someone had caught into the trap.

Does this manipulation had a chance to stop? No, as long as the market remains decentralize and everyone is welcome, we can certainly be experiencing this thing from time to time.

[raidarksword]

The market dumped up to 50 percent after he tweeted, yes he actually manipulating the crypto market which not supposed to be because crypto should be free all manipulation but people follow influencers that's why it affected too much. If elon stop tweeting then we may having a great time until today and our assets are gaining instead of losing due to market's dip.

[ChaoChibai]

The market dumped up to 50 percent after he tweeted, yes he actually manipulating the crypto market which not supposed to be because crypto should be free all manipulation but people follow influencers that's why it affected too much. If elon stop tweeting then we may having a great time until today and our assets are gaining instead of losing due to market's dip.

I dont know the reason why Elon Musk had to tweet about crypto especially Dogecoin, what is the motivation and what is the goal that he want to achieve by tweeted. This is so confusing and the market is all red zone now. Really hope the dip will cease and go away.

[Distinctin]

The market dumped up to 50 percent after he tweeted, yes he actually manipulating the crypto market which not supposed to be because crypto should be free all manipulation but people follow influencers that's why it affected too much. If elon stop tweeting then we may having a great time until today and our assets are gaining instead of losing due to market's dip.

I dont know the reason why Elon Musk had to tweet about crypto especially Dogecoin, what is the motivation and what is the goal that he want to achieve by tweeted. This is so confusing and the market is all red zone now. Really hope the dip will cease and go away.

He wants to shill his coin so he will make easy money, it's not hard to figure out, and actually he was successful in doing that because a DOGE from a shitty coin now becomes a valuable coin because it was hype, in fact, some even think that it will reach $1, so they are willing to hold.

[rahmathidayat93]

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.

Yes, there is really no need to worry about that because every bad intention will end badly, so keep thinking positively on every thing that has happened, let them bear the consequences themselves in the future.

[matico]

I think we can compare Elon musk to McAfee in 2017! People listen to those they regard as successful in the world.  Elon is a billionaire and his endorsement of Cryptocurrency goes a long way in people's mind.  As long as Elon continue his tweets,  there will be reaction to it.  Those reaction may be positive or negative!

[Fivestar4everMVP]

The answer to this question is a simple yes, I think Elon is manipulating the market for his own financial gains, and the thing is that, there are alot of misery people in crypto today who don't even know what they are investing in cus they are too lazy to do any kind of research, rather all they care for is quick wealth, overnight riches and the only way they think they can achieve this is to allow the words or thought of the rich influence their own sentiment or thought.
But am not suprised cus ever since I started trading in the financial market, news and opinions from influencial people has always affected the market in both positive and negative ways, the only difference here is that Elon has seized this opportunity to enrich himself and he's friends more.

[deathcode]

I think we can compare Elon musk to McAfee in 2017! People listen to those they regard as successful in the world.  Elon is a billionaire and his endorsement of Cryptocurrency goes a long way in people's mind.  As long as Elon continue his tweets,  there will be reaction to it.  Those reaction may be positive or negative!

It all depends on what Elon is tweeting about on his social media. and what Elon looks like is not a consistent person and tends to want to flirt with his followers.
I am sure, at this point those who follow Elon already know how to respond wisely to Elon's tweets. because sometimes Elon does it just for his own sake or just for fun.

[santiPOGI]

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.

As far as I know, Elon Musk was one of the popular influencer in twitter, no doubt about that. If every time Elon talked about positively about dogecoin on twitter and the price of each Dogecoin goes all the way to the moon, why not He try to post it now about positive thing in Dogecoin. Do you think when Elon musk do this right now, the price of Dogecoin will increase in the market while bitcoin was in stage of dump level in terms of price value so far? But I agreed that Elon Musk is only manipulating the market nothing else.

[capokmerah]

I don't think so. at first glance it seems true that he was manipulating market prices. Actually that is just the effect of Elon Musk's Policy. Unfortunately, people too go with the flow that Elon musk creates

[Midy]

Since long time ago, investors and traders have always been very influential on positive and negative information about the world of cryptocurrency, and current conditions are exactly the same as in the past, when the richest people in the world made positive information about crypto, the price went up to the moon, and when Elon Musk made negative news via his twitter the crypto market immediately went down, people always panicked without thinking

[livingfree]

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.

Yeah, that's likely a trap.

If those people who follows him keep on relying on his words and blindingly investing with the shilling that he does, they really will be ending up broke if they keep on riding it.

The market has always been like this and they will really have to pay for the experience so that's it, charge to experience.

[dotcoin.info]

I don't think so. at first glance it seems true that he was manipulating market prices. Actually that is just the effect of Elon Musk's Policy. Unfortunately, people too go with the flow that Elon musk creates

Do you think he does this on purpose? After all, he has a whole marketing team, why does he need so many tweets about cryptocurrency?
It is likely that the first tweets about dogs were nothing more than regular tweets, but looking at how they affect the crypto market, Elon might have decided to experiment.

[Maslate]

in my opinion, elon is a single investor, many speculate that elon is deliberately manipulating the market for personal gain, but there are also those who argue that elon is indeed interested in crypto, especially Dogecoin, but no one knows the truth, only elon himself knows, hopefully elon can bring positive things in the world of crypto

He already brought positive things to those who benefit, especially for DOGECOIN investors and the entire market as his tweets were very effective at the beginning, after he tweeted about Tesla suspending bitcoin, which started a huge sell-off and we are still affected until now with that bearish movement.

[Kena Banned]

in my opinion, elon is a single investor, many speculate that elon is deliberately manipulating the market for personal gain, but there are also those who argue that elon is indeed interested in crypto, especially Dogecoin, but no one knows the truth, only elon himself knows, hopefully elon can bring positive things in the world of crypto

He already brought positive things to those who benefit, especially for DOGECOIN investors and the entire market as his tweets were very effective at the beginning, after he tweeted about Tesla suspending bitcoin, which started a huge sell-off and we are still affected until now with that bearish movement.

Its not a positive, i think its more toxic than positive, people didnt aware enough about what Elon suggest and turn them into a big bomb that can explode whenever Elon want to.
For example many people didnt know what Dogecoin is and decide to buy their first cryptocoin without enough information about it.

[Swordsoffreedom]

in my opinion, elon is a single investor, many speculate that elon is deliberately manipulating the market for personal gain, but there are also those who argue that elon is indeed interested in crypto, especially Dogecoin, but no one knows the truth, only elon himself knows, hopefully elon can bring positive things in the world of crypto

He already brought positive things to those who benefit, especially for DOGECOIN investors and the entire market as his tweets were very effective at the beginning, after he tweeted about Tesla suspending bitcoin, which started a huge sell-off and we are still affected until now with that bearish movement.

His tweets started the movement of weak hands in the market. Influenced by his tweets, short traders or newcomers sold their holdings. As a result, whales are the most profitable, and weak hands are out of the market. Following his tweets, short traders and new investors have already been deceived several times. I don't think anyone else will be affected by Elon Musk's trap now Because everyone understands his cunning.

[J1mb0]

in my opinion, elon is a single investor, many speculate that elon is deliberately manipulating the market for personal gain, but there are also those who argue that elon is indeed interested in crypto, especially Dogecoin, but no one knows the truth, only elon himself knows, hopefully elon can bring positive things in the world of crypto

If Elon Musk really loved Doge Coin and Bitcoin, he would have accepted it as payment a long time ago.
I think Elon Musk is just trying to manipulate the market from his tweets, but at the moment that doesn't work.

[MoneyJ]

If this is the case, crypto is not as decentralized as it claims it to be. The thing is moments of ups and downs are common to crypto pricing specially bitcoin. And because the use case as of now of bitcoin is store value and speculative. Unlike the other blockchain projects where tons of use cases are being introduced and make leverage at. So is Elon Musk has the influence? Nah it is more  likely on corrections and entering the bear market.

[v3liana]

Elon Musk verry capable to doing it and i believe they had a lot of circle friend who doing this together with him. Since he joined into crypto he always do whatever he want and just keep trolling us over and over again.

[Maslate]

in my opinion, elon is a single investor, many speculate that elon is deliberately manipulating the market for personal gain, but there are also those who argue that elon is indeed interested in crypto, especially Dogecoin, but no one knows the truth, only elon himself knows, hopefully elon can bring positive things in the world of crypto

He already brought positive things to those who benefit, especially for DOGECOIN investors and the entire market as his tweets were very effective at the beginning, after he tweeted about Tesla suspending bitcoin, which started a huge sell-off and we are still affected until now with that bearish movement.

Its not a positive, i think its more toxic than positive, people didnt aware enough about what Elon suggest and turn them into a big bomb that can explode whenever Elon want to.
For example many people didnt know what Dogecoin is and decide to buy their first cryptocoin without enough information about it.

I'm saying he brought positive things to people who benefit, I know he is toxic but there are still people who profited because they ride with the hype but they know how to get out with good timing. This tweet or shill is completely bad, and we don't trust Elon for doing that, but that's the game, you gotta play the game, we don't know who will get in after him, and we should still open the possibility that one could manipulate the market again.