Is Elon Musk manipulating the market?

[dotcoin.info]

It looks like no. If I'm not mistaken, at the last conference dedicated to bitcoin, he said that he has bitcoin, but how did this affect the price? No way.
Because the price changes not because of Elon Musk's tweets, but from completely different things.

[Daltonik]

Tesla today published quarterly profit figures where they indicated a loss of $20 million from investments in bitcoin, which is significantly less than the projected loss of $100 million. https://tesla-cdn.thron.com/static/ZBOUYO_TSLA_Q2_2021_Update_DJCVNJ.pdf?xseo=&response-content-disposition=inline%3Bfilename%3D%22q2_2021.pdf%22

[Rimueng]

someone like Elon Musk is a sly businessman who has big capital of course what he does is only for profit without caring what will happen to other people, as well as joining him in crypto, I think he only benefits from what he has done and in the same way he has manipulated the crypto market.

[no-ice-please]

Everyone is sad after knowing what Elon is actually doing, in the end we know, Elon Musk supports cryptocurrency only for himself, to benefit, by carrying the name tesla, after some time, he started to undermine that trust, and now I myself will not follow what elon Musk is rumored again.

The way Elon tweeted was provoking that is true, and he wanted to play around a bit. But from another standpoint it is also unfair to say that anyone who is a multi billionaire and can move a market is also a manipulator. It's like when Warren Buffet announces the purchase of a certain company has been completed and it goes up afterwards by X%. Does he manipulate the market? Should he be forbidden to talk at all in public? That's a delicate topic.

what we hope is not a ban as you mean. it will probably focus more on Elon's tweets that don't play tricks on their followers to change market trends.
you can see how easy it is for Elon to say something contradictory, it's clearly a game that was intentional by Elon.

no matter what you do, after all, Elon and other friends, have tried to enliven the crypto market in their own way. many say he is a loser in the future. but we hope he will stay well and continue to speak well for the crypto market.

When you look at his tweets precisely, he didn't really play tricks. It is a lot about the people and their tendency to interpret stuff. Imagine how many things Elon Musk should not be allowed to tweet such that people stop interpreting whatever he tweets. If he tweets a banana, everyone is looking on coinmarketcap whether there is a coin that is called banana coin. I mean seriously, that is also nuts, not by Elon Musk, but by the people. Whatever he tweets, people will freak out and come up with stories.

[Saisher]

someone like Elon Musk is a sly businessman who has big capital of course what he does is only for profit without caring what will happen to other people, as well as joining him in crypto, I think he only benefits from what he has done and in the same way he has manipulated the crypto market.

There are people he helped to make huge profits and from getting rich and these are DogeCoin bag holders but a majority of people are not lucky to make profit from the Dogecoin hype and these are late investors on DogeCoin, we could have reached the $50k level if not for Elon Musk interference I still believe he has influence in the market, he is beginning to be like the late John McAfee in his influence in the market.

[domoy77]

someone like Elon Musk is a sly businessman who has big capital of course what he does is only for profit without caring what will happen to other people, as well as joining him in crypto, I think he only benefits from what he has done and in the same way he has manipulated the crypto market.

It's a very natural trait to happen to everyone, because if anyone had the same abilities as Elon Musk now, I think he would also do almost the same thing as Elon Musk because the human passion is to seek as much profit as possible for himself without looking at other people around him.

[nurulhmani1280wat]

yes I think not one hundred percent Elon Musk is cheating the market, because the crypto market so many other billionaires are competing with him, maybe Elon Musk is manipulating the crypto market, he is the richest man so many people can accept his words.

[andriarto]

someone like Elon Musk is a sly businessman who has big capital of course what he does is only for profit without caring what will happen to other people, as well as joining him in crypto, I think he only benefits from what he has done and in the same way he has manipulated the crypto market.

It's a very natural trait to happen to everyone, because if anyone had the same abilities as Elon Musk now, I think he would also do almost the same thing as Elon Musk because the human passion is to seek as much profit as possible for himself without looking at other people around him.

in the market we will not see people knocking each other down, unlike in real business. here indeed there is an opportunity to make a profit by increasing the price, by influencing other people to buy it too, by using a large-scale purchase stimulant so that the price experiences a bullrun, it will be an attraction for other people to buy it too, and for that, as investors we must good at handling this kind of thing

[no-ice-please]

someone like Elon Musk is a sly businessman who has big capital of course what he does is only for profit without caring what will happen to other people, as well as joining him in crypto, I think he only benefits from what he has done and in the same way he has manipulated the crypto market.

It's a very natural trait to happen to everyone, because if anyone had the same abilities as Elon Musk now, I think he would also do almost the same thing as Elon Musk because the human passion is to seek as much profit as possible for himself without looking at other people around him.

in the market we will not see people knocking each other down, unlike in real business. here indeed there is an opportunity to make a profit by increasing the price, by influencing other people to buy it too, by using a large-scale purchase stimulant so that the price experiences a bullrun, it will be an attraction for other people to buy it too, and for that, as investors we must good at handling this kind of thing

The way you talk feeds exactly into the hands of people like Warren Buffet and Peter Schiff. They say that Bitcoiners only try to influence others to buy it at a higher price, which then leads them to feel motivated to find an even greater fool to buy at an even higher price. Bitcoin is much more than speculation and we shouldn't influence people to buy it, but educate them to enable them to make an informed decision on their own.

[kenelmark]

yes I think not one hundred percent Elon Musk is cheating the market, because the crypto market so many other billionaires are competing with him, maybe Elon Musk is manipulating the crypto market, he is the richest man so many people can accept his words.

Elon Musk is a human being who has the most assets in the world and if he is able to manage it well and execute the strategy he wants, I think that's fine and not a problem, because he also wants to make profits like other billionaires in the crypto space.

[ZAINmalik75]

Yeh I think Elon Musk is the person which really little bit manipulating the Crypto market.
Because everyone know that he is now world wealthy man so people surely trust on him. So when he tweet about bitcoin or other Cryptocurrency many of people buy them.
While when Elon Musk tweet against Bitcoin many of people sell thier Bitcoin as a result bitcoin price goes down.
So that the thing through which Elon Musk manipulate the market.

[Abiky]

Elon Musk is a human being who has the most assets in the world and if he is able to manage it well and execute the strategy he wants, I think that's fine and not a problem, because he also wants to make profits like other billionaires in the crypto space.

Elon Musk knows that people in crypto are looking to make a quick buck, so he manipulates the market for his own benefit. It's why Dogecoin went from being worth nothing to almost $1 (USD) since the beginning of 2021. Bitcoin also enjoyed high gains with an ATH of nearly $60k per coin. Now that Mr. Musk stopped tweeting about crypto/Blockchain tech, the market has stalled. It's yet the day where major cryptocurrencies like Bitcoin and Ethereum are struggling to reach a new ATH. I bet Elon Musk made a lot of profit by pumping Bitcoin and Dogecoin. The current dip makes a great opportunity to buy coins at a discount to sell them at a higher price. Elon Musk knows this opportunity so he's taking advantage of it by spreading further criticism against Bitcoin to fill his pockets with money. I hope the market becomes resilient over time where a single person's comments will not affect crypto's mainstream demand whatsoever. Just my thoughts

[Woodie]

We all know crypto is speculative in nature and what these markets wait for is for someone with a match stick to start the fire, and unfortunately Elon Musk is the person with a match stick these days.

With a few tweets here and there about bitcoin, dogecoin etcetera the markets react with what has been said which is a form of manipulation, of course other kinds of manipulation do exist the most common being the whales use their crypto bags to influence price which isn't what Elon is about .

[Anonymous100]

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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.

Some a people say that Elon Musk is manipulating the crypto market, and until recently I didn't understand what he meant by manipulating the market. Because of the crypto trend in 2017, Elon Musk's name didn't appear in the crypto world, but it's happening exactly as it is now. The price of crypto pumps sharply, and after that it donws. Who did that? And where was Elon Musk then? And why not say market manipulation?

[adekogbe]

I see the cryptocurrency market as big as it is that it is still subject to a lot of fundamental factors. That is why it is easy for market to move when people of influence have a hold on the market and are able to influence price movement.
A lot of people see this as opportunities to make a quick money but, thosr that influence the markets make a lot more money.
So i believe Elon musk actually manipulates the markets for his own personal financial gains and the unregulated nature of the blockchain market helps this to happen

[BobK71]

Yes, I agree with you on this concern. Elon musk tweets more about doge madly because he said that doge will beat bitcoin is it possible. Though we know that in crypto currency everything is possible but I think it is impossible. We should know one thing that is in crypto platform every one is the trader here some one will loss and some one  will take the profit. Here Elon Musk is not excluding but we have to day that he is the influencer in the crypto market.

[labenea]

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.

[Sanitough]

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.

If there are people who know that Musk doesn't always do useful things, why are there still many people who still believe in him and also follow him, because people who are easily deceived by others are because they trust people they don't even know more closely.

Does anyone here know Elon Musk closely? No, we don't know him, what we know is that his company and how useful it is for the innovation of the world, this guy was popular with his tech, so when he enters into crypto, people believe that they can follow him and make some money too.

In short, he is using his popularity and there's no proof yet he is manipulating the market but based on how we see, he is manipulating the market.

[Nazmul012]

What to think, when it known to all that elon musk already done such manipulating serveral time and thats only because making more many. He has millions of followers and he is using millions of people'r power indirectly, to fulfill whatever he want. Its clear that he has large contribution behind bitcoin recently halving from $60k to $30k. Even few weeks ago, he tweeted for vote about telsa should accept doge or not! And it is clearly seen that, another manipulation is about to happened soon