Is it safe to say?

[kapalmabur]

I do not believe that the billionaires and rich can somehow control the crypto market. Yes it's true we have seen several times Elon Musk tweeting about DOGE & SHIB since he has millions of followers and from there many invested in DOGE Coins.  So Doge Coin pumped a lot at one time.  But it didn't last long.  Its price has once again fallen far from its ATH.  At that time DOGE pumped high because this was Elon's first tweet about altcoins.  But now none of the coins pump much for Elon's tweets. So on this basis it does not imply that billionaires can control the crypto market

I agree with you on this point.  Elon Musk has been busy with DOGE coin for a few days and he raised the price of DOGE coin several times but now the price of DOGE coin is dumping again.  I think no trader would be fooled into trading now and buying any currency.  So I think no one can ever control this market.

With the current conditions, we must be careful and must be wise in making decisions.
always consider before trading and sometimes people forget about it,
With the current market conditions, it is certainly not that easy to increase the price of Dogecoin

[Tony116]

Not all billionaires can manipulate the market, only a few are interested in the crypto market and can say they can manipulate the market for a short enough period of time for them to make a profit. Before that, we have seen John McAfee manipulating the market and more recently Elon, the richest billionaire in the world.
Last year, with just a few tweets, he was able to make the bitcoin price correct in the short term, especially dogecoin, the coin he manipulated the most, with just a few tweets he made the price doge increase several tens of percent.

[JoyMarsha]

I don't think billionaires control crypto. How many billionaires in crypto do you know apart from Elon Musk that made himself known to the world about Dogecoin? It was before that a billionaire can easily influence their followers on crypto. People are learning to become wiser not to moved by every tweet a billionaire made about crypto without carrying out their research on the project. The billionaires you do see in their tweets about a particular coin are paid for that promotion.

[danherbias07]

It's the followers.
Most of them are people who can afford to buy a large sum of coins that the billionaires are advertising.
One example was when Elon Musk talked about Dogecoin. Think about the circle of friends that dude has. They will all try to follow what investment strategy he is doing and that's a freebie when he tweets it to the public. Because it is not done just for mere fun, basically, they analyzed it first and it worked out just fine.
But not every billionaire will have the same ending as he did.

[dwminer1]

This is how the power of social media works. Everyone knows that when, for example, Elon Musk speaks positively about some crypto, its price will increase by xxx% in a moment. The snowball effect is created. Agree that it can be a dangerous phenomenon and it definitely bears the hallmarks of market control, but there is not much that can be done about it. You always need DYOR, because it happened many times that various celebrities and influencers were paid for promoting various types of scams.

[Bananington]

So is it safe to say that all this billionaires in the society controls the crypto market, because why's it that whenever they tweet about a project or just say a random words, the project start to pump?.

Money is one of the identities of a successful person, anybody with a lot of it commands respect and naturally has people who will take their word seriously seeing that they already have a lot of money and it must mean that they have taken a lot of right financial decisions to become billionaires. People who are not yet billionaires but are hoping to be one someday will always be curious to know the financial decisions these billionaires are making, and it can make people quick to believe and follow whenever they tweet about a project or give a hint that they are into a certain project. The idea that since these billionaires are involved means it is a good financial decision, make people rush to it.

[Ziskinberg]

So is it safe to say that all this billionaires in the society controls the crypto market, because why's it that whenever they tweet about a project or just say a random words, the project start to pump?.

What's your opinion guys?

Billionaires can do impossible things to possible and of course, they can manipulate the market if they want to but not to the point that they are controlling the entire market. Once these people buy more coins, the volume will increase instantly and making the price pump and making small investors think it went high and buy as well. It literally influences the mindset of the small market players and just like how Elon Musk did, with the help of social media he made it clear moving Dogecoin at a huge spike that nobody is even expecting to it.

[yazher]

So is it safe to say that all this billionaires in the society controls the crypto market, because why's it that whenever they tweet about a project or just say a random words, the project start to pump?.

What's your opinion guys?

They don't manipulate but it is only those people who blindly followed then whenever they tweet something about crypto who are making the price increase. We cannot blame them because they know that those billionaires are wise when it comes to money decision makings and they will quickly followed them whenever they see their new tweets regarding investment. But nowadays people are smart, they don't quickly jump into the hype because they always learned their lessons from last time.

[KellyHands]

So is it safe to say that all this billionaires in the society controls the crypto market, because why's it that whenever they tweet about a project or just say a random words, the project start to pump?.

What's your opinion guys?

The point is that the masses are influenced by the decisions of the elites. In the case of cryptocurrency, it's a game of numbers and everyone is striving to take advantage of the market. Billionaires have followers who are ever ready to act on impulse and that has contributed immensely to the pump and dump we've been having.

[Nrcewker]

So is it safe to say that all this billionaires in the society controls the crypto market, because why's it that whenever they tweet about a project or just say a random words, the project start to pump?.

What's your opinion guys?

They basically just manipulates the market for their own benefits. They choose a coin or project at first and buy as many coins as possible, then they just create fake hype, which leads to more hype among larger masses and this leads to increase the demand of the coin or project. As we know when something is limited in numbers and demand increases, then it leads to price increase. Now the whales just sell their coins and made quick easy money just by using the people and market. So yes the billionaires do control the crypto market.

[uneng]

So is it safe to say that all this billionaires in the society controls the crypto market, because why's it that whenever they tweet about a project or just say a random words, the project start to pump?.

What's your opinion guys?

It sounds like you are referring to Elon as he is the only billionaire using twitter to manipulate the market. I don't know how many other billionaires are in the crypto space but no one can control crypto. Elon doesn't control crypto, he just uses his own tweet to manipulate a coin and here dogecoin. It only takes place in a short time, but cannot control the market completely.

We don't know how many billionaires are in crypto market, but there could be many of them investing anonymously or through their partners. Since they have money to spare, it is pretty possible they create fake hype by heavily investing in random altcoins, so other investors follow the trend pumping the altcoins' prices even more. After a while, initial investors who created the hype sell their holdings, recover the investment, make profit, while late investors are caught by surprise by a dump and lose money. That is how the ponzi scheme works in crypto market, possibly boosted by billionaires or whales.

[coinerer]

I do not believe that the billionaires and rich can somehow control the crypto market. Yes it's true we have seen several times Elon Musk tweeting about DOGE & SHIB since he has millions of followers and from there many invested in DOGE Coins.  So Doge Coin pumped a lot at one time.  But it didn't last long.  Its price has once again fallen far from its ATH.  At that time DOGE pumped high because this was Elon's first tweet about altcoins.  But now none of the coins pump much for Elon's tweets. So on this basis it does not imply that billionaires can control the crypto market

I agree with you on this point.  Elon Musk has been busy with DOGE coin for a few days and he raised the price of DOGE coin several times but now the price of DOGE coin is dumping again.  I think no trader would be fooled into trading now and buying any currency.  So I think no one can ever control this market.

Elon Musk likes Meme so much that he was more inclined towards Dogecoin and he tweeted Doge Coin as one of his favorite coins and he still raves about Dogecoin but now people don't invest anywhere depending on Elon Musk's tweets like before . because  Those who invested in Dogecoin during the pumped and hold doge to depending Elon Musk's tweets are now in for a big loss.  Doge price was once above $0.70 but now it is down to only $0.11-0.12.

[kamvreto]

~snip~As we know when something is limited in numbers and demand increases, then it leads to price increase. Now the whales just sell their coins and made quick easy money just by using the people and market. So yes the billionaires do control the crypto market.

But please notice that DOGE has an unlimited supply, but demand is increasing rapidly due to Elon Musk's influence, so the hype going on for DOGE won't see limited supply as it works on different systems. Whales or billionaires have the influence to continue to manipulate prices, but Elon manipulates only through his tweets.
But even if those with a lot of money were able to manipulate it, it wouldn't last long, they weren't able to completely control it.

[lienfaye]

What's your opinion guys?

These billionaires are not controlling the market directly, it's through their followers who believe everything they say either to create hype or spread awareness to the people following him.

Thus, if this particular billionaire has a huge followers that can be easily influence, then you can expect them to follow specially if they're not a kind of people who verify first the information before making a decision.

[Wexnident]

It's called "influence". It's the same reason why churches hold a lot of power at times if you want a comparison. They're not even doing it themselves really, they're letting people who are influenced by them do it themselves or people who want to take advantage of that influence to make things bigger. Even millionaires without much fame could still influence the market by paying off other people with said "fame" instead. It's not only limited to millionaires though, as I've said it's influence that sways people, money can just be one part of said influence.

[Strongkored]

What's your opinion guys?

Because they have fanatical followers who sometimes don't use their brains to find out the truth about what these people are tweeting, but there is another thought that Elon Musk's exemplary tweets are used by other groups to spread optimism or fear so that the market will move quickly according to what they want.
Everywhere the rich will dominate when it comes to money but not all of them who plunged into the world of crypto are involved in the manipulation of crypto price movements.

[maydna]

So is it safe to say that all this billionaires in the society controls the crypto market, because why's it that whenever they tweet about a project or just say a random words, the project start to pump?.

What's your opinion guys?

Because the billionaires can provide temptation for many people who become their followers so that they can comply with the wishes of the billionaires without much thought, it's not necessarily profitable for the people who follow it. If they want to find out what makes billionaires tweet about a project before making a decision, they'll see if it can help them make a profit.

It depends on what we do after reading their tweets and not taking hasty action so we don't feel cheated afterward. In addition, we must be careful in acting because not all billionaires are willing to help us.

[KaliLinux]

So is it safe to say that all this billionaires in the society controls the crypto market, because why's it that whenever they tweet about a project or just say a random words, the project start to pump?.

What's your opinion guys?

Well normally, you would expect those kinds of wealthy people to have a huge number of followers and those people will always want to do what their influencers are doing or talking about most of the time without verifying, and sadly, that's what fans do. So if these billionaires should for any reason tweet about a crypto projector or something remotely close, their followers will try to take advantage of that to get ahead and I don't think this happens only to crypto projects.   

[iv4n]

It's not controlling the market exactly, it's just that a large number of stupid minds are willing to be controlled, especially the followers.

I think the same, billionaires alone don't move markets. It's better to say how billionaires with their funds are capable of starting waves! Of course, those who start the wave and jump out before others get smashed on some rocks are the ones who take all the profit. I guess we have seen that happening a zillion times in crypto... that's probably something common that happens more often than we think, I don't really follow those stuff except in case something big happened and it becomes viral.

[Chainsmokers]

So is it safe to say that all this billionaires in the society controls the crypto market, because why's it that whenever they tweet about a project or just say a random words, the project start to pump?.

What's your opinion guys?

I know what you mean is Elon Musk, Elon Musk made a big impact in the crypto world, it wasn't long before he really fell in love with crypto in 2020,
of course with his enormous followers from all over the world, of course it will have an impact on something he tweeted, for example Doge and Bitcoin,
is very reasonable but indeed we also have to be careful with the pump, because it could be a fake pump.