Quote from: MFahad on May 17, 2021, 03:15:38 PM

Quote from: cryptoperkele on May 17, 2021, 12:22:36 PM

How come almost on-one didn't bat an eye when Elon was pumping BTC by tweeting about it? In fact people were encouraging him to tweet about BTC or doge, and now it's suddenly market manipulation and potentially illegal when he is tweeting shit about it and it's going down?

I never think that bitcoin should be dependent on one man tweet. He tweets positively about bitcoin and market pumps. He tweets negatively about the dumps and the market dumps. That's not how the market should behave and react on his tweets. This is not good for the overall crypto. The market should grow naturally without any single man influence.

It is not the market that is to blame here, but specific people who blindly trust influential figures such as Elon Musk. This means that people still know little about cryptocurrency and how the cryptocurrency market works. We just need to get through this. In the future, this market will no longer react so strongly to such tweets.
As for Elon Musk, I believe that each of us has the right to express our opinions about the cryptocurrency. People will learn more about their idols.