Post
Topic
Board Economics
Re: Do you think Elon is manipulating the market?
by
wahyu wida
on 01/06/2021, 14:24:22 UTC
I think Elon is manipulation our attention. He is Twitter influencer, not a crypto expert.
It is true. he has the expertise to manipulate our minds (perhaps more precisely his followers) with just a few posts on twitter. in the crypto world don't trust anyone easily and don't easily believe any news!

Even his followers don't take him seriously anymore and that is clear from the market reaction to his latest tweets. He has flip-flopped on his positions too frequently and that has made him a laughing stock. Once he held much influence in the cryptocurrency market and that influence has now evaporated thanks to his own reckless actions. And IMO, that is good for the health of the cryptocurrency market. Bitcoin prices should not go up or down by 30% in a single day, because some crazy guy is having verbal diarrhoea in Twitter.
I don't know if it's true or not, but with Ellon's statement in his tweet, it can influence market behavior. to statements that go back and forth to confuse crypto traders, but for those who know about it, with a significant movement of course it can be used by day traders to make as much profit as possible, unfortunately not many traders like that