Quote from: ScamViruS on December 22, 2021, 08:52:07 PM

Quote from: ansarose1 on December 19, 2021, 04:47:08 AM

Well I don't think so, although elon musk was so known by his wealthy. He isn't the one who controls prices of tokens especially shiba inu. However he might have something or knowledge beyond fluctuation of it maybe a little bit but not totally a whole thing that elon musk is the one who controls it's price, like some other people says that he control prices through his tweet that sounds like funny.

Elon Musk has created hype in the market through his tweets and various statements, and that has greatly influenced the market price of some coins. Because elon musk has the power to influence a community. I observed everything that happened this year by elon musk's tweets and other things. Although Elon Musk says he doesn't have a shiba inu hold, I've seen him tweet about shiba inu a few times. Now if he is thinking of somehow getting himself involved behind shiba inu, I don't see anything surprising there either.

Elon Musk buys and holds coins at low prices before creating influence on social media, then creates hype on social media and attracts investors. When new investors start buying coins, the market becomes more hype and the price of coins suddenly goes up. With this opportunity, Elon Musk fixes the profit by selling his holding. Once the hype is over, when there are no more new investors to join, the price of coins continues to fall.
Investors who have invested as the first finger get a chance to fix some profit but those who are joined at the end lose it all.