Do you think Elon is manipulating the market?

[The Sceptical Chymist]

People don't care anymore about Elon's tweet. He came to be a person who hasn't respect by people.

That isn't true.  Maybe hardcore bitcoiners have lost some respect for him, but he's been elevated to almost god-like status by a lot of people, especially those of the younger generation--and that isn't to say the younger generation is a bunch of suckers; Elon Musk has done some excellent things and IMO is indeed worthy of respect.

-Elon Musk tweeted about Tesla not accepting Bitcoin as a payment method
-Bitcoin price falls after China calls for crackdown on bitcoin mining and trading behavior

Of those two possible reasons for bitcoin's crash, I think the first one is the most likely because of the influence of Elon Musk I mentioned above.  The China crackdown probably wouldn't affect bitcoin's price all that much, because similar announcements have been made in the past and worse things have happened in the crypto world, and bitcoin has survived and thrived in the face of all of it.  Plus, doge went crazy right after Musk touted it, so that should be some supporting evidence for my claim as well.

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[bryant.coleman]

I think Elon is manipulation our attention. He is Twitter influencer, not a crypto expert.

It is true. he has the expertise to manipulate our minds (perhaps more precisely his followers) with just a few posts on twitter. in the crypto world don't trust anyone easily and don't easily believe any news!

Even his followers don't take him seriously anymore and that is clear from the market reaction to his latest tweets. He has flip-flopped on his positions too frequently and that has made him a laughing stock. Once he held much influence in the cryptocurrency market and that influence has now evaporated thanks to his own reckless actions. And IMO, that is good for the health of the cryptocurrency market. Bitcoin prices should not go up or down by 30% in a single day, because some crazy guy is having verbal diarrhoea in Twitter.

[wahyu wida]

I think Elon is manipulation our attention. He is Twitter influencer, not a crypto expert.

It is true. he has the expertise to manipulate our minds (perhaps more precisely his followers) with just a few posts on twitter. in the crypto world don't trust anyone easily and don't easily believe any news!

Even his followers don't take him seriously anymore and that is clear from the market reaction to his latest tweets. He has flip-flopped on his positions too frequently and that has made him a laughing stock. Once he held much influence in the cryptocurrency market and that influence has now evaporated thanks to his own reckless actions. And IMO, that is good for the health of the cryptocurrency market. Bitcoin prices should not go up or down by 30% in a single day, because some crazy guy is having verbal diarrhoea in Twitter.

I don't know if it's true or not, but with Ellon's statement in his tweet, it can influence market behavior. to statements that go back and forth to confuse crypto traders, but for those who know about it, with a significant movement of course it can be used by day traders to make as much profit as possible, unfortunately not many traders like that

[Issa56]

From the very first day Elon musk started tweeting about bitcoin I believed that was a really bad move because I believe bitcoin have been available for year's now and I believe he knows about bitcoin, or have been hearing about bitcoin why didn't he develop interest since then why now, I believe he is just trying to manipulate the market and I believe more billions will soon enter cryptocurrency which with time bitcoin will be controlled by billionaires. The only thing that can stop this manipulation currently is that people should stop listening to him which is what people have started doing already.

[KennyR]

Even before his entry into the cryptomarket there were market crashes and recovery. Now his tweets have been setting value to cryptomarket. Doesn't this looks like he's manipulating the market. People are dump to fall for it, but it is also true he has the ability to manipulate as the volume he holds is big. Maybe within months he'll start his own Bitcoin. By the time people will fall for it, just because it is created by the richest person.

[genolica]

As what might speculations, even for beginners, might show, Elon really manifests the mediocre quality of being a really big whale in the market, especially at cryptocurrencies. He found the opportunity at that particular spot in the economy and is drilling it to be a hole and eventually, he might crash it with his and his investors' benefits flowering at the same time, while the growth and trend of the average market will be suppressed at its unfavorable and falling maxima.

[LUCKMCFLY]

I think Elon is manipulation our attention. He is Twitter influencer, not a crypto expert.

It is true. he has the expertise to manipulate our minds (perhaps more precisely his followers) with just a few posts on twitter. in the crypto world don't trust anyone easily and don't easily believe any news!

Even his followers don't take him seriously anymore and that is clear from the market reaction to his latest tweets. He has flip-flopped on his positions too frequently and that has made him a laughing stock. Once he held much influence in the cryptocurrency market and that influence has now evaporated thanks to his own reckless actions. And IMO, that is good for the health of the cryptocurrency market. Bitcoin prices should not go up or down by 30% in a single day, because some crazy guy is having verbal diarrhoea in Twitter.

I don't know if it's true or not, but with Ellon's statement in his tweet, it can influence market behavior. to statements that go back and forth to confuse crypto traders, but for those who know about it, with a significant movement of course it can be used by day traders to make as much profit as possible, unfortunately not many traders like that

If they are right in the arguments, although Elon Musk is not an expert in crypto or BTC, he has the money to make the market move, he is also an influencer and this helps him move masses, now if at this time he reaches make a tweet where I do more FUD to Bitcoin I do not think that BTC drops that much, because simply in the crypto world it has lost credibility.

When he FUDed Bitcoin, he not only caused the market to crash, but also his favorite currency, Doge, also suffered a terrible crash, and it is very difficult for it to rise in price, however the bulls are making a great effort to maintain the price at an acceptable level.

[Kasabus]

Even before his entry into the cryptomarket there were market crashes and recovery. Now his tweets have been setting value to cryptomarket. Doesn't this looks like he's manipulating the market. People are dump to fall for it, but it is also true he has the ability to manipulate as the volume he holds is big. Maybe within months he'll start his own Bitcoin. By the time people will fall for it, just because it is created by the richest person.

Elon is a smart guy so he makes use of his wealth to start manipulating the market. Whatever tweets he made have directly affected the value of the market even the current dip of bitcoin at the moment. But aside from him, there are other big whales too in the crypto market that have also affected the current condition and when they move, they move secretly. So not only Elon but the rest of them have contributed the market to be bearish.

[Viscore]

Only beginners will trust what Elon Musk is talking about in Twitter and as time goes by, it lessen the people who support him because for sure they already know how bad this Elon Musk is doing, he is literally manipulating the market which makes the market fall as well, For sure in the future, Elon Musk will bonge non sense in the future, we should learn that Elon Musk is nothing to do with cryptocurrency, he is not important at all as he keeps doing bad things in the market.

Elon Musk is no longer of great importance in crypto the moment he tweeted about Tesla not accepting bitcoin. Bitcoin price suddenly fall and made all its investors and holders suffer from a huge  decline.

Now, if Elon starts to make another tweet, i don't think his followers will still agree with him. They are now starting to feel hatred for Elon  and sooner, his tweets will no longer affect the market. Elon is smart, but he only uses it for his own advantage.

[pinggoki]

Of course yes! Even from the very start, he is manipulating the market just imagine that he is the very reason why the doge and XRP pump up and it is just because of the tweets that he is making. Another scenario is when Tesla starts to accept bitcoin as a payment method for buying their products, it is quite interesting and unknown right? in which we don't know what is the real motive of this guy and now look at what he is doing, he is actually manipulating the market by just tweeting something he wants to happen and we clearly see that Elon is an indicator.

[Shenzou]

I feel like people are taking his words like its the absolute truth, litertly people started buying DOGE just because he spoke about in a sarcastic scripted  TV show, i don't wanna get into this conspiracy theory thing, but it is really od that he actully made an investment in bitcoin and than pulled out because of the mining causing enviormnetal problems, whihc targets china who is considered to have most of the mining power and soon after the news of china taking some hards mesures on bitcoin mining he comes up and tweets about it again.

[Quidat]

I feel like people are taking his words like its the absolute truth, litertly people started buying DOGE just because he spoke about in a sarcastic scripted  TV show, i don't wanna get into this conspiracy theory thing, but it is really od that he actully made an investment in bitcoin and than pulled out because of the mining causing enviormnetal problems, whihc targets china who is considered to have most of the mining power and soon after the news of china taking some hards mesures on bitcoin mining he comes up and tweets about it again.

This is how elites do really make out their move but nothing to worry about since crypto community is already done with Elon and those words that do come out into his mouth is nothing relevant anymore as if people here wont really be believing on what he would say up. On that recent tweet about breaking up with BTC then it isnt actually the main reason on why bitcoin price did dip but lots had been thinking that its one of the reason on why it did so.
This market is highly reactive to fundamentals or news and we should think and treat it as a normal thing but basing on your own personal decisions
then you should be careful into those informations you do seek on specially with news and events.

[CaVO32]

Only beginners will trust what Elon Musk is talking about in Twitter and as time goes by, it lessen the people who support him because for sure they already know how bad this Elon Musk is doing, he is literally manipulating the market which makes the market fall as well, For sure in the future, Elon Musk will be non sense in the future, we should learn that Elon Musk is nothing to do with cryptocurrency, he is not important at all as he keeps doing bad things in the market.

For those who are long enough in crypto, they will know if there are loopholes on what Elon is saying. Actually some of his tweets were giving the notion that he has inadequate knowledge towards crypto. Maybe, people are interested on his tweets because it creates movement in the market just like what happened to doge. And so they want to jump on board for the mere reason that they want to get profits. However, some will get rekt because of this ignorance when it comes to crypto market.

[xSkylarx]

It is more like Elon's influence can manipulate the market. He is the reason why doge pumped very high this year as well as bitcoin crash recently. Every time he tweets something that is not crypto-related, people still correlate it with crypto then it suddenly pumps. I don't know why his followers became like that, it's like they treat him as a messiah of crypto that knows what will pump next. People who are into crypto for a long time want him to be gone and stay out of crypto, his influence is not good for bitcoin in the long run.

[zanezane]

It is more like Elon's influence can manipulate the market. He is the reason why doge pumped very high this year as well as bitcoin crash recently. Every time he tweets something that is not crypto-related, people still correlate it with crypto then it suddenly pumps. I don't know why his followers became like that, it's like they treat him as a messiah of crypto that knows what will pump next. People who are into crypto for a long time want him to be gone and stay out of crypto, his influence is not good for bitcoin in the long run.

I think he knows that and that's why he always do some sort of promotion for some crypto for better or for worse so in a way, he pretty much manipulates the market where he wants it to be.

[kesmex]

It is more like Elon's influence can manipulate the market. He is the reason why doge pumped very high this year as well as bitcoin crash recently. Every time he tweets something that is not crypto-related, people still correlate it with crypto then it suddenly pumps. I don't know why his followers became like that, it's like they treat him as a messiah of crypto that knows what will pump next. People who are into crypto for a long time want him to be gone and stay out of crypto, his influence is not good for bitcoin in the long run.

I think he knows that and that's why he always do some sort of promotion for some crypto for better or for worse so in a way, he pretty much manipulates the market where he wants it to be.

He seemed to be able to do everything and one of them manipulated the market,
with that a lot of people hate Elon Musk,
I don't know what the real goal is but seeing this it seems like he's doing everything to make a profit for himself

[AicecreaME]

I think Elon Musk was and is trying to manipulate the market. Too bad, people have learned his evil tactics already. This guy has been respected by many people because of his invention and products offered such as Tesla. His reputation is looked upon that is why every moment he tweets something about bitcoin, the market goes haywire.

At first, I really thought he's just voicing out his opinion or whatsoever. But later on, I realized he is trying to sway the market onto his favor which he did so well numerous times already. Newbies tend to follow his tweets like it was some sort of magical book that will instantly make them profit. Unfortunately, most of the times it's the other way around.

Nowadays, people entering crypto are being careless amd gullible. They keep trusting anything they heard and read without verifying it first. They also keep on forgetting about the reminder studying first before risking, hence, most of the time they are found at the losing end. We should not rely on gossip and mere speculation so that we won't be left behind. Learn to read the chart's trend and do technical analysis. Do not put all you hopes in just a random tweet.

[notfairchild]

I don't think, I'm sure bro  he's shorting all the time, by that's not smart.

Downgrading Bitcoin for environmental issues was a bad decision by him. Bitcoin will recover but everyone is now aware of his non - environmental friendly businesses.

[dataispower]

It is more like Elon's influence can manipulate the market. He is the reason why doge pumped very high this year as well as bitcoin crash recently. Every time he tweets something that is not crypto-related, people still correlate it with crypto then it suddenly pumps. I don't know why his followers became like that, it's like they treat him as a messiah of crypto that knows what will pump next. People who are into crypto for a long time want him to be gone and stay out of crypto, his influence is not good for bitcoin in the long run.

He has a large fanbase on twitter whom most of them are not interested in doing research other than what he tweets, it is becoming a pain in the ass whenever he tweets. People would correlate it with the market whenever he makes a random tweet and it suddenly has a negative or positive effect on the entire CRYPTO markets. I do think he is doing this to his favour. Beside, his environmental protection campaign doesn't even stand firm any longer. He has made enough money already from fudding on BTC.

[evilgreed]

Everything about this guy isn't credible anymore. I used to be so amazed by him and his achievements back then but as I get to know more about him, turns out that most of the things he boasts about aren't even his to begin with. And just to make things worse, he started talking about dogecoin. And at that point, I totally lost interest in everything about him. Shilling a useless memecoin all of a sudden when there are dozens of amazing coins out there that have great concepts and potential to grow and help solve problems both in this industry and on the real world, just made me understand even further that this guy is really not worthy of my admiration. And I hope a lot realizes this soon and stop taking his words seriously.