What if influential people buy Bitcoin back and forth?

[roosbit]

That's what bitcoin needs at the moment, we need influencers to step in and give crypto some rope so that it can grow. Imagine if we can have Jeff the Billionaire say something nice about bitcoin,it will be bullish in a second . But with how this are some influencers are quiet about crypto because they don't want the government to take an interest in them.

[mksundip]

it seems that market conditions have become unstable and have a bad effect. because a lot of people get carried away and can't speculate soundly because they think the whales will raise or lower prices. That's really not healthy for the market

[arwin100]

That's what bitcoin needs at the moment, we need influencers to step in and give crypto some rope so that it can grow. Imagine if we can have Jeff the Billionaire say something nice about bitcoin,it will be bullish in a second . But with how this are some influencers are quiet about crypto because they don't want the government to take an interest in them.

Yeah  we really need their presence for now to lift bitcoin up but if those influential people will act like what Elon Musk does to the market well we can say  that we may be struggle since series of manipulation will happen unto their hands. Hopefully we  can get  a balance ecosystem so that we can see a stable growth but we know  this will never happen as  rich and influential guys will always win on this ventures. The only thing we can do is to ride with them.

[v3liana]

If the big artist or influencer spread a good news about bitcoin it gonna make bitcoin more popular and it will make market back into bullrun again.

But we really need a big artis / influencer to do that, because I don't think it will have a big impact on the market if only ordinary artist saying good words about bitcoin.

And one more thing, i hope elon musk back like he first entered in this crypto field and stop being hypocrite.

[vania vin]

If the big artist or influencer spread a good news about bitcoin it gonna make bitcoin more popular and it will make market back into bullrun again.

But we really need a big artis / influencer to do that, because I don't think it will have a big impact on the market if only ordinary artist saying good words about bitcoin.

And one more thing, i hope elon musk back like he first entered in this crypto field and stop being hypocrite.

but elon musk is hated by a lot of people, will the emergence of elon musk have any better impact on the market I'm not sure about that, imagine if elon musk showed up and wreaked havoc by tweeting what would happen to the market?

[tbct_mt2]

If the big artist or influencer spread a good news about bitcoin it gonna make bitcoin more popular and it will make market back into bullrun again.

But we really need a big artis / influencer to do that, because I don't think it will have a big impact on the market if only ordinary artist saying good words about bitcoin.

And one more thing, i hope elon musk back like he first entered in this crypto field and stop being hypocrite.

They only bring more retail investors to join the market and when the market tops up because of retail investors, it is a bubble.
Institutional adoption is a big reason for Bitcoin’s recent successes in 2020/2021 which will not be captured easily from Google search interest.

Source: Coinmetrics' State of the Network: Issue 112

but elon musk is hated by a lot of people, will the emergence of elon musk have any better impact on the market I'm not sure about that, imagine if elon musk showed up and wreaked havoc by tweeting what would happen to the market?

The crowd hate not only Elon Musk but also many other influencers because the market is affected by influencers together with reactions, regulations from governments.

When the market is too volatile, price will be affected and the crowd are the most vulnerable objectives to such volatility. They mostly join and exit the market with loses. Without knowledge on how they get lost, they will hate influencers.

When influencers make the price soars, the crowd hope high and wait for higher highs, don't take profit and they don't say thanks to influencers. When price crashes, they cut loss or worse, get liquidated by exchanges, and flip to hate influecers.

[Reatim]

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 don't have to see their posts because we will see the effect of that if they did because surely it will reflect in the market value.
Bitcoin price will surely climbs up high again like what tthey are doing if they wanted to manipulate the market.
so basically they buy and the price will go high .

it seems that market conditions have become unstable and have a bad effect. because a lot of people get carried away and can't speculate soundly because they think the whales will raise or lower prices. That's really not healthy for the market

it seems stable now mate

https://coinmarketcap.com/

after the Elon Musk meeting the price goes back to above 30k again.

[XavierLaurent]

Unless those influential people have a cult following behind them I don't see how they can up the price. You can see news about some big fun purchasing huge amount of stock seemingly every other day and it doesn't influence the price at all.

[Sanugarid]

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?

There's a clear indication of market manipulation when they do things like that but it still depends on how influential they are to have a significant impact on the market price. Moreover, whales don't need to post if they intend to pump the coin and only a few people know when will it happen but it will definitely reflect on the graph.

[MIldic1c]

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?

I think this plays a very important role in promoting btc. When a whale or influential person buys Bitcoin, it is equivalent to a very positive effect on Bitcoin. This is a very beneficial thing! I look forward to something like this to happen!

[blckhawk]

actually they have been doing this trend for a long time now, not only influential people but also the rich businessmen like bill gates and elon musk. this resulted in the continuous price upward trend on the price on bitcoin, because the demand for it is very high but lately many whales and rich people sold their bitcoin and now the price is in the downward slope.

[Ekyfitri]

actually they have been doing this trend for a long time now, not only influential people but also the rich businessmen like bill gates and elon musk. this resulted in the continuous price upward trend on the price on bitcoin, because the demand for it is very high but lately many whales and rich people sold their bitcoin and now the price is in the downward slope.

isn't that something they did on purpose to make the market price and trend down? it can make influential can take another chance when the price drops.
I'm sure they've been doing it for a long time. especially for this year. we can see the market moving up and down rapidly. when there is a dump, the market will quickly adjust. this should have made us aware from the start.

[Bazley]

Influential people will have a positive impact when buying bitcoin, but they will also have a negative impact when selling, just like musk.

[wajik-tempe]

actually they have been doing this trend for a long time now, not only influential people but also the rich businessmen like bill gates and elon musk. this resulted in the continuous price upward trend on the price on bitcoin, because the demand for it is very high but lately many whales and rich people sold their bitcoin and now the price is in the downward slope.

I don't think bill gates are involved in bitcoin investment but elon did.
Most people are buying bitcoin or cryptocurrency because they were seeing the price history of bitcoin which is the most biggest investment returns in years, there are no other investment that give so big return compared to bitcoin investment.
More over the decentralized transaction is probably another reason because they could transfer money all around the world.

[iyamoxjhian]

We can not tell who among the rich people are buying and selling bitcoin. But here in my country there were many influential people are buying bitcoin. And I am hoping that they won't use it for their own will and power. But if they're going to use it to help the country and its people then its good. But if they're going to use for anomalies or other propagandas to aim other people to be miserable then its a no no. I wish they can use it to reduce poverty and solve country's problem especially in these times of crisis and pandemic.

[llooafer]

Everyone is staring at the whale's movements. Ordinary people will choose the investment portfolio based on the operation of the whale. When whales are in fluctuating markets, many people will profit.

[suryogandul]

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?

whales are very influential for market prices. the price will be unstable if the whales do things in the market like buy and sell back and forth and time is fast. that's for sure I think makes bitcoin volatility even bigger. but that's the crypto market is still easily influenced by whales who have big money

[A BLackPearl]

Giant whales make profits through volatility, and they don't buy back and forth frequently.
A celebrity tweet has to consider the consequences. . . They rely on supporters to make money. Influential people don't want to lose their persuasiveness. They don't operate frequently.