What if influential people buy Bitcoin back and forth?

[sapnu]

If many influential/giant whales post messages expressing support for Bitcoin, or expressing that they have purchased Bitcoin, will they promote market changes? If they enter the cryptocurrency field back and forth, whether cryptocurrency is not considered free and easy The market is over, and everyone is following the whale operation. Although the market needs volatility, is this kind of random volatility still meaningful?

We're actually experiencing it on Elon Musk's decision to accept bitcoin as a payment to Tesla and the outcome was seen positive at first wherein it was able to pull up bitcoin's price higher than it was before but after he dumped it and started rejecting it as a payment, the price plummeted although it wasn't all because of what he did. There are tons of other reason why we are in the bear market right now. If ever influential people starts buying bitcoin back and forth, it would produce positive outcomes for sure as the influences and invitation to invest in bitcoin will surely improve over time.

[Ucy]

That could also be considered market manipulation depending on how connected the whales are in their buying and selling. If they are doing it independently or without following a particular routine that cause them to buy or sell at the same time/period then we will probably won't have single or few individuals having the ability to always move the market to the direction they want. I won't be surprised if there are whales that unintentionally manipulate price because they follow a particular routine or advice from central entity that wish to move price with the buying power of other whales.

We could prevent this by either regulating supply in decentralized manner, having robust bitcoin economy, having people independently buy based on solid fundamentals etc
The problem is extreme volatility. If you could keep the volatility consistently moderate without compromising on the deflationary principle of Bitcoin, it could end up becoming a better medium of exchange rather than just Store of Value.

[swiftbits]

Influential people with no finance background better not join. If ever the coin they promoted crashed, it would be detrimental to their reputation. On the other hand, Whales manipulate the market movement to buy cheaper or gain profit. The end response still depends on the community; some crypto member who loses money despises Elon for his lowkey negative view of BTC. Which doesn't actually negatively affected him; I guess his power and background helps. Overall, it raises awareness, but not every people with influence should jump in.

[taufik123]

Influential people with no finance background better not join. If ever the coin they promoted crashed, it would be detrimental to their reputation. On the other hand, Whales manipulate the market movement to buy cheaper or gain profit. The end response still depends on the community; some crypto member who loses money despises Elon for his lowkey negative view of BTC. Which doesn't actually negatively affected him; I guess his power and background helps. Overall, it raises awareness, but not every people with influence should jump in.

background power and not just wealth alone will make a big difference. Elon has indeed become a very influential person lately for cryptocurrencies, especially Bitcoin and DOGECOIN. Just watch every time he posts about BITCOIN and DOGECOIN the price will go up drastically. this is used by Elon to gain advantage because he is very influential. A new and famous influencer will not be that easy to manipulate the market. Never try it if it only has a temporary effect. some other whales have their own strategies to make a profit. Playing the market and playing psychology. As a small trader, play the Whales game, ride them and don't fight them, then we will be safe.

[randegibran]

this may be more or less will affect a bitcoin value whose price will go up and down by the way they are influential people in manipulating the market like what Elon Musk has done before with his controversial statement that can affect market prices, but from such things that happen it will only be temporary especially if it is done only by the influencer

[Dread Pirate Roberts]

If many influential/giant whales post messages expressing support for Bitcoin, or expressing that they have purchased Bitcoin, will they promote market changes?

they must explain clearly without being covered from the risks and disadvantages of this crypto investment. Don't just explain good things and give them instant rich dreams. Everything has a risk and people have to understand that first. I think for people who are used to seeing the crypto market they should be able to analyze the worst possibility and whether he can be in this field.

[lalabotax]

It relates to the power of something and someone.
The Crypto world, is, however, really influenced by the news and media, by the public figure, and also by the regulations from countries. we know that crypto is mostly decentralized, but in fact, many can really give an impact.
And if the influential people buy and forth Bitcoin, I am sure that it will give a certain influence and impact on the Bitcoin price. It may be setting and getting up from this bottom, but it may be also decreased when they suddenly sell out their asset.

[Oceat]

This will probably help but I don't think those influential people would last in this market if they don't know what they are doing. They may be giving out some free and easy profit to those who knew how the market works. So I think they better know the essence of Bitcoin first and the risk it brings before trading.

Bitcoin isn't for quick-rich scheme if you have the money to invest, it's not like that. People who were starting here did struggle first to understand and do you think those influential people would make it on their own without a proper knowledge? Think again.

[accounting 181293]

If many influential/giant whales post messages expressing support for Bitcoin, or expressing that they have purchased Bitcoin, will they promote market changes? If they enter the cryptocurrency field back and forth, whether cryptocurrency is not considered free and easy The market is over, and everyone is following the whale operation. Although the market needs volatility, is this kind of random volatility still meaningful?

everything must mean. although that includes manipulation. but if everyone with influence did this, the market would probably be very excited. imagine if 100 or even 1000 people like Elon musk bought another btc/crypto and told the whole world. it will be a big booster for the pump.

[Mikayla Buckley]

Usually these people with huge wealth will have two effects when entering the Bitcoin market. One is a positive effect. Whenever a giant whale enters the market to buy a large amount of Bitcoin, the market sentiment is very positive, which will attract more people to enter. The market, so that the price has risen all the way; but on the other hand, it will also bring a negative impact, as the op said, as the giant whales buy and sell, the market is extremely unstable, and they can easily affect the rise and fall of prices. But what we can also see is that their impact on the price of Bitcoin is only short-lived, not long-lasting, and more of a celebrity effect. As the mining volume of Bitcoin gradually decreases, its price will become more and more stable, and no one can completely manipulate the price of Bitcoin.

[caryoscar]

Influential people will not take you to make money together, because the gap between you is too big, just as smart people like to make money from fools, General Patton once said: The success of a person is not measured by the height of the summit. It's about his rebounding force after falling to the bottom. In fact, your question can understand that people like Musk always use the celebrity effect to win the bloody chips of retail investors. For them, it is more like a tool for making money. It has no other meaning.

[Ararbermas]

Bitcoin price will rise when more Bitcoin is holed and not sold, so if influential people buy Bitcoin and hold it the market will increase and the demands increase because of any scarcity of Bitcoin will cause positive green light.

but when we say back and forth it means if whales do that technique, like what Op trying to point out here, for sure it can create a zigzag in the chart of bitcoin,. and perhaps there's no new all time high value anymore if that times happen. Lol because its like bitcoin will experience a extreme volatility if a bunch of whales buy  bitcoin back and forth and how can bitcoin growth rocketed? In my personal opinion i think it's impossible. Correct me if i'm wrong..

[Nora Olin]

The whale making waves in the crypto market will cause people to panic. As an ordinary person, buying and selling will not cause volatility. Like a series of chain reactions triggered by Musk's every move, he did have a great impact on the market. This is only temporary and we can't stop them, so they do what they do and we do ours. Don't sell off emotionally because of certain factors.

[dunfida]

If many influential/giant whales post messages expressing support for Bitcoin, or expressing that they have purchased Bitcoin, will they promote market changes? If they enter the cryptocurrency field back and forth, whether cryptocurrency is not considered free and easy The market is over, and everyone is following the whale operation. Although the market needs volatility, is this kind of random volatility still meaningful?

Why it would be over? Are you sure that whales or institutional buyers would always say the truth or being honest? Knowing that manipulative kind of behavior then you wouldnt know if those tips or hints would really be true or just totally the opposite.

This market is decentralized and no one can stop on investing neither you are a whale or you are just an ordinary small investor.The market would really be cycling continously and this wont be called

a market on the first place those buy and sell wont be existing and also its unavoidable for some manipulative actions.

[Oasisman]

If many influential/giant whales post messages expressing support for Bitcoin, or expressing that they have purchased Bitcoin, will they promote market changes? If they enter the cryptocurrency field back and forth, whether cryptocurrency is not considered free and easy The market is over, and everyone is following the whale operation. Although the market needs volatility, is this kind of random volatility still meaningful?

That would become a ground for market manipulations and there is a lawsuit for that.
Expressing your thoughts about Bitcoin consistently when you're influential or a very rich man is an attempt of market manipulation. We currently have a perfect example and that's Elon Musk.
If you're a whale in crypto space, being quite is a good gesture. You can either massively buy or sell without posting anything and it'll surely affect the market both ways.

[Obito]

If influential people were to do that thus manipulating the prices to their advantage, the one thing that I can think of is that people are going to look for a pattern as to how the influencers are buying bitcoin and when they are selling it and when the people understand the pattern, they can just hitch a ride in the market knowing when to buy and sell.

[kidbounty]

if they buy in bulk back and forth, it will create huge volatility and make the market very dire. the price will rise suddenly and then fall without us noticing. it will only make the crypto market very inhospitable. and slowly the level of people's trust will decrease. there is no positive impact from this. bitcoin will have a crisis of confidence, if that becomes a reality.

[pixie85]

Should you even care about volatility caused by the rich if you aren't trading?

For me there's always a good price to sell maybe once a year, sometimes more, so if I ever want to do it in a certain time I'll be able to. Like now we had 60 thousand in 2021 and we are going to have 50-60 within the next 12 months. If that's your target it's going to happen. In 2022 you'll probably see 80 thousand and more so if that's your target yo will eventually reach it. Don't spend too much time worrying about things you cannot control.

[xmonkeyx]

it will be good i think, my reason is because that way more and more people are willing to invest their money in crypto so higher demand will increase the price and even though there are volatile price swings i think it's normal and as it happened recently- recently This is what one of the most influential and richest people in the world did. Its impact is felt all over the coin, even though it is only the doge that catches the eye. imagine if other influential people also did the same with some other coins. it will be very interesting.

[RokokGudangGaram]

If influential people will buy Bitcoin back and forth, its impact would be dependent of the range of their so-called mass influence, and the volume of what is being bought and sold. I think that the volatility of crypto will not be eliminated regardless of this, but there would be possibilities that fluctuations can be manipulated if people would act under the influence of such personalities.