Is Elon Musk manipulating the market?

[Abiky]

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.

[Tytanowy Janusz]

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.

If asset dump 50% because of tweet that does not change its fundamentials (every investor knew about energy consumtion or china mining farms)... it means that it was not ment to be where it was. BTC was not ready for 60k$, had no strong support that could hold price at 50k, 40k$. Most people that bought BTC last 6 months did not know how 30% correction looks like. We were doomed to see ~40k zone even without Musk tweets. He just made this retest cheaper for market manipulators (AKA market operators).

Now China FUD and another 15% dump... Its too easy to push btc price down. Too easy to not use it for whales.

[bhadz]

Do you think Elon Musk is manipulating the crypto market?

I think he literally is. He's playing dumb yet with all of those tweets related to cryptocurrency, it's really making the market move as much as it can.
As long as he will keep himself attached to the crypto market, there will always be the believers of his and those whales that will also take advantage of what he does.

[zonefloor]

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.

Without such a rich personality, Elon Musk could not play that much with the market price. But with the power of his money and the power that comes from this money, he can manipulate it in every way with the name he makes. Most important of all, it can direct any crypto money it wants with the money in its safe without tweeting. But he both invests in crypto money and tweeting, which increases his power at least 5 times. In short, what I want to tell you is that he can manipulate as he wishes when we consider his money as well as his statements and tweets.

I do not believe in sincerity about energy. As a result, whether Spacex accepts payment with bitcoin or not, bitcoin production will continue and energy consumption will continue. I think he totally retaliates against the vitalik side in this regard.

[devollito]

We could say both...
He is manipulating by doing a tweet and i have no doubt it will impact to market because he is well known by people around the world.
But for yesterday crash, it is not made by him. People just seeking the reason why the market crash and then pointing it to elon.

The fact about yesterday crash is " we are already up too high and must be going down to seek strong support "


About energy consumption ? I doubt elon does not know about it begore he decide to invest in to something.

[Johnyz]

If not then why is he doing this? I’m sure he’s manipulating the market and there’s no billionaire that would waste his time tweeting about cryptocurrency without a valid reason, he’s making a lot of money on his every tweet. I wonder what would be the next tweet of Elon, it could be “DOGE is useless”, watch out closely.

[Stanlo]

I don't welcome Elon Musk in this crypto space, meaning that I won't follow any highly influential personal to invest in any crypto, this is an act of been blinded and controlled, after watching McAfee for years? Nah! I have no problem choosing projects myself and I have already achieved my dream in this bull market, I got in when market was down and got out when BTC was struggling at 57k

[Cappex]

I don't welcome Elon Musk in this crypto space, meaning that I won't follow any highly influential personal to invest in any crypto, this is an act of been blinded and controlled, after watching McAfee for years? Nah! I have no problem choosing projects myself and I have already achieved my dream in this bull market, I got in when market was down and got out when BTC was struggling at 57k

the influence of protagonists of this caliber is a weak point for the decentralized vision and the nature of bitcoin, unfortunately, however, people who arrive in bull markets are disappointed and tend to sell fear.
Elon Musk started a super bullish market and then tried to contain and scale it with news about tesla and high energy consumption, hence China took the opportunity to launch the attack on BTC.

[zasad@]

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.

Do you read anything other than Elon Musk's twitter? Probably news about a new wave of cryptocurrency bans in China.

When you start thinking, now is the bear market. Market makers want the hamsters to sell their bitcoins, which they bought for $ 60,000, to bring the bull market back into existence. This may take several months.

[o48o]

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.

Yes he is and he knows it. But has he really said anything negative about Doge? He has said that his tweets are a joke, probably because his lawyers have adviced him to add some kind of disclaimer, probably because he has been buying doge. Markets react to anything he says, even when he talks about something else:

https://investorplace.com/2021/05/starbase-crypto-star-coin-rockets-after-musk-shows-off-unrelated-starbase-sign/

[J1mb0]

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

[asriloni]

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.

This guy is trying to manipulate the market. Just take a look at his tweet related to the doge coin and you will be seeing that happens dude. It's not only that coz no one knows whether if he already bought the dip or not.
He will always reveal it at the end of story. This guy is the worst thing in the crypto.

Even when people calling his tweet as jokes but his tweet gave big impact to the crypto.

[MCDev]

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.

I think Elon Musk is manipulating the crypto market, he is a celebrity so his words influence people greatly.
Elon musk is one of the biggest whales on the market and through manipulation he has made quite a bit of money.

[Jackl87]

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.

Yes i think that Elon Musk had a plan before he made his first tweet about dogecoin, he knew that it will have a big impact if he as one of the richest (or maybe the richest of them all) persons in the world talks positively about crypto for the first time. Then he let Tesla accept bitcoin as payment which increased the positive momentum of the crypto market even more. Than out of sudden he said that dogecoin is only a hustle and Tesla announced that they would not accept bitcoin anymore as payment.
In the end i think Elon musk did damage the whole crypto scene a little but i also think if he continues to tweet about cryptos his tweets will have less and less impact the more he does it because people are alrady used to it.

[aioc]

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.

He really is, we are good to go if he is not very active in tweeting Dogecoin a meme coin and a supporting coin for Bitcoin he is intentionally trying to make Dogecoin reach the top in the market and trying to bring down Bitcoin, he has become a big market manipulator and it just shows that investors are not yet mature and they are easily swayed by the likes of Elon Musk, we will all go down if we have two Elon Musk harming the community.

[memyselfandi]

Some of it yes but not totally. I mean, he has huge btc because of tesla so he is considered as one of the btc whales and as we all know most of the coins in the market are interrelated with btc so if telsa will sell atleast half of their btc asset, I think it will have an effect to the market generally.

[Raflesia]

-skip-

He really is, we are good to go if he is not very active in tweeting Dogecoin a meme coin and a supporting coin for Bitcoin he is intentionally trying to make Dogecoin reach the top in the market and trying to bring down Bitcoin, he has become a big market manipulator and it just shows that investors are not yet mature and they are easily swayed by the likes of Elon Musk, we will all go down if we have two Elon Musk harming the community.

Now many blame Elon Musk maybe thinking he is behind all the current market manipulation that wants to bring down bitcoin, but the fact is that it makes sense if that is the case because the meme coins he dreams of going to the moon are even written in his tweets.
Maybe it could be that he was preparing himself when the price was low he would buy it up? will this happen? So he continued to manipulate the market with much influence on almost all investors.

[coin-investor]

Some of it yes but not totally. I mean, he has huge btc because of tesla so he is considered as one of the btc whales and as we all know most of the coins in the market are interrelated with btc so if telsa will sell atleast half of their btc asset, I think it will have an effect to the market generally.

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.

[crzy]

Elon is just a big whale who uses his influence in favor to him, and we can called it manipulation. Though he cannot literally move the market but since he's very influential, every tweet he had people interpret it, I slowly believe that Elon is not a good thing here in the market. He can just invest his money without tweeting and hyping any project, that could be the safest way for us to remain on a bull trend this year, but now people knows who's Elon Musk and his motive.

[Viscore]

I think that Elonmusk has only a slight effect on the price of bitcoin, due to other factors that make BTC go down such as it may need correction after the full rise from last December, some say it will go down to Q3 so you have to be strong to hold back when the market is bear, and it will come back rose at the end of the year.

Well Elon Musk is trying to manipulate the market and its all because of his own greed, to make most of his financial benefits. But you're right, Elon does not control the market fully because the recent dip is not just because of the whales but its mainly of the market's due correction so there will be balance in the market's activity. We have experienced the latest bull run and people have made profits already and this time, a healthy correction is currently happening that will open doors for new investors.