Is Elon Musk manipulating the market?

[bastian466]

Many people are not confident so they are influenced by what he says, good and bad news is very influential, what's more with what is happening now Elon Musk as the richest person and known throughout the world he is a very strong influence so people will follow what he talk

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[cryp24x]

Elon Musk obviously was one of the famous influencer in the world of social media. In short, He is one of the great manipulator in this field of business industry. But I wondered why at this point of time He never post anything that will dogecoin could rise. Because if it is true that every time He posted in twitter about positive in Dogecoin why not now, it is his chance to announce to all Doge enthusiast to make it rise again while Bitcoin was in dumped situation.

[triat]

I don't think so, with a very large market cap like now of course to manipulate the market, I'm sure there are thousands who are like Elon Musk.

But for now, Elon Musk is the most intensely discussed the Crypto market, and you can see the reality like that, as an example when he pumped doge, he influenced many of his followers to buy the coin so that there was an increase in value in the Doge coin, and now discussing the effect Negative of BTC mining, as a result a decrease in the value of BTC. Maybe there are many like Elon but the most striking is him.

I'm not surprised at this. All the same, everyone who did not come out with BTC will be long-term with a good profit. If you are exiting now fixing losses, then you have no place in this market.

[Oneandpure]

Where is Elon Musk now because one week without any tweet about bitcoin or doge coin, I am waiting after make bad and fud about bitcoin or altcoin I am waiting with this person to make good news. Elon tweet still miracle because can make people panic buy or sell and happening more than three months after Elon made tweet about doge coin until bitcoin.

[livingfree]

I guess its a YES that in some point Elon Musk manipulated the market by some many ways such as by posting in his social media that created a FUDs and panic to his followers and then after then retweet again to create FOMOs. I can see that he is the latest version of John McAfee and will definitely fall down soon.

He surely is the latest version of John McAfee.

The shilling that was made by him was successful and many have bought Dogecoin until it drops in price. While the other people that have much influence in the market didn't even say a thing during the bull run.

But him, he literally took all of his time to do what is necessary for him to take all of the money from those blind investors.

Every time when Elon Musk make tweet could give big impact depend what kind of Elon Musk tweet, when he make good news bitcoin and altcoin price will going up but when he make bad news just see bitcoin crash, maybe Elon Musk have magic to make market manipulating and depend what his words bitcoin and altcoin price going on.

Well, hopefully that he's only going to make good news about bitcoin.

News about adoption and his company Tesla accepting bitcoin again. I think I've seen some screenshots that he has posted again about going back to what the usual of accepting bitcoin again.

But it has to be about clear with the energy consumption of bitcoin. He has also stated that he has sold 10% of their bitcoin holdings just to prove its liquidity.

[apityeh71]

I think Elon Musk did it, just a few hours ago I received news update from CNBC if Elon Musk and his company of Tesla will accept BTC again, because of reason, he found some Bitcoin mining activity is already use renewable energy that more green. I think he knows about it, before make statement about Bitcoin mining is not green and high electricity cost.

[konflikkastil]

It takes a whole lot for a single man to be able to determine the ups and downs of a particular coin in the crypto market and not just an ordinary coin Bitcoin for that matter. Looking at it from my angle I will say it was because if personal height the individual has gotten to. Taking Elon Musk as an example you will know that this man has achieved a lot. He has built a multi-billion dollars business, and it's natural for people to always listt to whatever he said. With over a million followers on twitter allow. He sure knows how to manipulate the market.

[Tigerheart3026]

i see yes elon musk manipulating the crypto market, otherwise for his tweets, why the market up and down?
while he tweeted about btc will accept for buy tesla btc price up, and after few days when he suspended btc payment (due to high cost of electricity) then btc was down, also he manipulated doge coin.

[johnwest]

He is doing it again and the market is going bonkers. He is doing what any rich person will do to make more fortune for himself and people are falling for his tweets like he will create something great for them. At the end of the day, he will buy himself with all the profit he gained by manipulating us. The BTC price now claimed the $40k mark and fell below again. These manipulations have to stop, otherwise, the credibility of bitcoin will be ruined because of these people.

[Fredomago]

i see yes elon musk manipulating the crypto market, otherwise for his tweets, why the market up and down?
while he tweeted about btc will accept for buy tesla btc price up, and after few days when he suspended btc payment (due to high cost of electricity) then btc was down, also he manipulated doge coin.

He made his tweets and his followers move according to how he pointed the directions, his influenced really creates market movements as there are people who believes on him. He alone might having a hard time manipulating the market but due to his popularity he can made an statement and people blindly follows him.

He is doing it again and the market is going bonkers. He is doing what any rich person will do to make more fortune for himself and people are falling for his tweets like he will create something great for them. At the end of the day, he will buy himself with all the profit he gained by manipulating us. The BTC price now claimed the $40k mark and fell below again. These manipulations have to stop, otherwise, the credibility of bitcoin will be ruined because of these people.

he's making more money each time he make his move, not just by chance but there's actions that simply giving the hint that he's doing his stuff again creating buzz and he's followers are buying it again.

[2tang]

I think Elon Musk did it, just a few hours ago I received news update from CNBC if Elon Musk and his company of Tesla will accept BTC again, because of reason, he found some Bitcoin mining activity is already use renewable energy that more green. I think he knows about it, before make statement about Bitcoin mining is not green and high electricity cost.

Yes, now in general he (Elon Musk) is a very smart and authoritative person in the real world, so obviously knows about it even though he says otherwise to the public, because it is also a strategy for him in developing his own business into the world the direction he wants, so don't be too influenced by his words on social media.

[leatutz]

I don't think so, with a very large market cap like now of course to manipulate the market, I'm sure there are thousands who are like Elon Musk.

If there are thousands who are like Elon Musk, why is he the only one who has become famous in the crypto space? do others just hide while playing their part in the market so that no one sees them?

So many users want to be like Elon Musk because we want to manipulate the market if we have the opportunity to do it. That's true. The last time I remember when he tweeted about the meeting of Dogecoin devs. Dogecoin prices were moved 20 percent. Who wants to miss those opportunities?

[pedrillo0]

With the news that Elon Musk will always accept bitcoin.

Manipulate the market? More and more I agree with this.

Apparently he sold 10% of his bitcoin, he only made a fool of himself believing that he was going to overturn the BTC market... 

[Cherylstar86]

No, he doesn't manipulate the market through his tweets but all those ideas made several people rant on their assets. It gave them different perspective about the future of their holdings.
Elon was only speculating, and I believed that he also holds bigger quantity of cryptocurrency. So in this situation, he was really an iconic personality who've been taking serious outlook towards bitcoin and other cryptocurrency coins particular with doge which he also known to be positively driven.

[goinmerry]

Apparently he sold 10% of his bitcoin, he only made a fool of himself believing that he was going to overturn the BTC market... 

From an investor's perspective, quite effective though as it really shakes the market. BTC was almost on the verge of returning back to less than $30,000.

Rather than think of only Elon Musk, people should take the advantage of accumulating on the dip he created. He's maybe manipulating the market but the dip is the opportunity for us too as we should admit, most average traders are having difficulty accumulating some altcoins that were being pushed up when BTC price is making a rally.

[john1010]

Yes he does, he want to try to manipulate it, many people ride on his hype about doge and bitcoin, but as many of us can see that he's intention is to control the market, well we're all change our course about him, he is like John MCafee now, who are nothing in the crypto's space.

[nurulhmani1280wat]

I think Elon Musk will have a bit of leverage with his Twitter maybe to lower the Btc price but if we get carried away by such news then we will lose and lose a lot of money you invested.

[bigdude]

We do not sure but I guess he's playing the game and feeling fun with investors money bleedy so sad about that.
With his reputation so easy to make money via this market as all of us can see. The market too weak just some tweet from KOLs
This will be difficult to mass adopt in the real-life

[SquallLeonhart]

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?

Not only he is manipulating the markets but lately he is also blackmailing as well. Dude is saying he wants clean energy from miners or basically he will sell more. He said he would be not accepting bitcoin for tesla basically but that was like saying he could sell as well, if you are not buying anymore then what does that mean? It just means that he will keep selling more and more and more over course of a time period while not buying any.

Long story short I feel like dude is just saying "let me rule crypto world the way I want to, or I will keep saying bad shit about it and make it go down" and that is just a horrible thing we are in right now. Weren't we suppose to be decentralized? I mean how can some rich dude manage to do something like this and we can still call ourselves decentralized? I am very worried about the future of crypto if this keeps happening.

[haidil]

I'm not surprised at this. All the same, everyone who did not come out with BTC will be long-term with a good profit. If you are exiting now fixing losses, then you have no place in this market.

so here many people emphasize that btc is specifically for strong hands. At first I didn't understand what the word meant but after seeing 2017 and now many have lost in btc as a result of this temporary decline I understand why btc is only for strong hands.
because basically everyone has a sense of panic especially with regard to their assets. just try if they change their mindset to be more relaxed and don't think too much about a temporary decline because of this billionaire fud I think many people will not worry too much about btc going down now because they are sure that btc will go up again over time