Is it safe to say?

[Johnyz]

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.

He’s a billionaire who publicly exposed his support to a certain crypto and yes he influence the market a lot but when it comes to control I think he can’t control the market alone, this may take a lot of billionaire before they actually control the whole cryptomarket. Let’s see if Elon will continue to hype DOGE especially now with a help of twitter acquisition, that could be the start of it.

[wheelz1200]

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?

Ypu are specifically talking about dogecoin. It's such a useless coin that's why it pumps when it gets elons attention.  Billionaires talk about bitcoin all the time good and bad.  It's not affected in any way.  Shows the true progression of the bitcoin market.

[WalkerIVIV]

it's not only happening in cryptocurrency market but in stock market, whenever billionaires are bagging some of the stocks, immediately the value for this stocks increase because there are waves of people that follows the billionaires, so if it's cryptocurrency that's being shilled and it increases its value, I think it's rather normal, after all, that's just how big of an influence these billioniares have in their words, that could literally brings in huge waves of bullish investments flow.

[dbc23]

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?

What goes down with this tweets is the reactions of buyers. Most holders of a particular project base their research on the tweets of this influential Billionaires in that if the same price will pump they all rush in and buy and price eventually pumps and when those so called billionaires get a satisfactory profit the pull out their funds and gradually price begins to dip until it finally crashes in most cases.

[Rengga Jati]

This is just one way for them to benefit by making it look like a project will be great in the future. In addition, they make it seem as if the price of the coin or token is very good and will eventually skyrocket quickly, but this is where their real goal is, they just want to get high profits. If they feel they have had enough, then the price will slam again and drop drastically. And who is harmed? Again, small investors are the victims of the hype.

That is why it is better to avoid this kind of new hype project fi you don't know when exactly the best time to enter and out. This will be about the market manipulation in which is very risky for moreover newbies to do. Noting is safe for this.