Post
Topic
Board Bitcoin Discussion
Re: Do you think Elon is manipulating the market?
by
Thirio
on 25/05/2021, 13:42:44 UTC
don't think anyone really believes in Elon Musk anymore
Surely some still believe in him. With what he accomplished, he's still credible. What I don't like, however, is how a single man can influence the market. For sure he knows how his tweets greatly impact the crypto community and the market overall but he's turning a blind eye on that. In his recent tweets, he stated that Tesla suspended vehicle purchases through bitcoin, which clearly has a negative impact on the market. Tweets about bitcoin and doge instantly pump/dump depending on how his tweet goes. Every tweet the man makes instantly becomes a coin.

Then again, this isn't his fault, the community overall still holds how the market would go.