Elon Musk has to much influence on Cryptocurrencies

[gotbounty]

Therefore every tweet on Twitter gets a lot of attention from the public, and it is actually dangerous if Elon musk exploits this power to manipulate the price of Crypto

Yes, and he really did it. I can say he manipulate the crypto market by tweeting a meme coin like Doge and then trying to influence Bitcoin. Sadly, currently, he tries to know how big the impacts of his tweets by issuing negative sides about Bitcoin and he stated that his company (Tesla) will be no longer accepting Bitcoin as the payment tool. Well, he seems to be successful to determine how big the impacts of his tweets on crypto.

[Vx1]

Never believe a businessman where they can do anything for their business purpus and i think Elon mask also did that. Obviously he made calculation before tweet and also made preparation for benefit and after that he knock in right place. After his gain profit he again trying to down market by his different kinds of works or comments and i think he will again hit this market within few days.

These people do have a purpose with what they say. Actually, we shouldn't be influenced by them, but because their power is too great, we are finally helpless. 
The most important thing is that we take care of our assets, when we see that there will be a price decline from what they say, then as soon as possible we must secure our assets. 
And when the price really has a big dump, we can buy a larger amount of coins.

[Abubakar56]

Elon musk have Tweet have really don bad in Cryptocurrency Elon musk is really having influence in Cryptocurrency but I believe he should just stop manipulating the market or with time he will definitely lose the respect people are having for him. I believe with time people stop listening to him I believe he should just post once in a while.

[Freemind]

Elon musk have Tweet have really don bad in Cryptocurrency Elon musk is really having influence in Cryptocurrency but I believe he should just stop manipulating the market or with time he will definitely lose the respect people are having for him. I believe with time people stop listening to him I believe he should just post once in a while.

Elon Musk has been losing credibility for weeks, ever since he decided (with his team of advisers) that Tesla was not going to accept Bitcoin as a payment method. Now it is not clear what he is doing on Twitter, because it seems that he is "moving away" from Bitcoin to focus more on Doge. Every day more people blame him for the market crash, we'll see how he comes out of this.

[Seerge]

Just because Elon Musk is a rich man, Billionaire who has a lot of money that He has great influence. But actually we should not get lost in every tweet on Twitter because it will only lead us into darkness. Elon Musk does it all is his business that aims to make big profits.

[azmirihaque]

We have noticed that Elon Musk is influencing the crypto market both positively and negatively. When he tweeted first about bitcoin, its price went up very fast. Gradually it touched 64k which was the highest for the bitcoin. But now is falling and falling. Why is it falling? Here Elon Musk is again responsible. But is surely a bad signal for market when one person is responsible for the whole. It is very much need to free the market from this impact. Otherwise many investors and traders will be bound to go out from the market.

[MrSpasybo]

I used to be a fan of Elon Musk, until he officially pumped DOGE and BTC. This manipulation is making the market vulnerable and many investors suffer from FOMO or FUD, as a result they lose a lot of money. Elon Musk just tweeted about BTC and BTC price has dropped.
I hope the impact of Elon Musk's tweets on crypto market will decrease in the future.

[pealr12]

Elon had no influence on nothing only people are dumb and allow themselves to be led by an immature dojo, btc has been in existence for so long now, Elon only recently invested in btc then why do people now think he knows so much about crypto, and here we are hoping for government adoption when we are easily frightened by a useless tweet.

[Churphans]

Very recently there has been a major change in the cryptocurrency for some of Elon Musk's nonsense tweets which is undermining Elon Musk's reputation among the people.  Most of the big investors don't believe in Elon Musk anymore but they call Elon Musk a cryptocurrency traitor.

[Churphans]

The Bitcoin market started to decline again after Elon Musk tweeted last night but the market has started flying again since yesterday.  None of you will listen to Elon Musk.

[Evgenklm]

Recently, more and more Elon Musk is being criticized, and people who negatively relate to his tweets more and more, soon his tweets will not be perceived and his speculation in this area will lose meaning, because in this way he negatively affects the market as a whole.

[Freemind]

Recently, more and more Elon Musk is being criticized, and people who negatively relate to his tweets more and more, soon his tweets will not be perceived and his speculation in this area will lose meaning, because in this way he negatively affects the market as a whole.

I think it is normal to speak negatively of what Elon Musk has done. His actions and words have led him to demonstrate how to lose the respect of a community in a matter of weeks. No matter what money he has or his companies, it is all about credibility, and he has already lost it completely. What Elon does from now on will mark a before and after in that credibility.

[Limabd]

Elon only recently invested in btc then why do people now think he knows so much about crypto.But actually we should not get lost in every tweet on Twitter because it will only lead us into darkness.Elon Musk does it all is his business that aims to make big profits.

[Phu Juck]

Yes, you are right, it is not nice from him! He is abusing his position to make it a free time activity for price movements. He should really care more if he makes a news, he can conflict people's investments.

[UNIVERSE]

Like or not, this is the reality that happened if Elon Musk took place very large in Dunai Crypto. I don't know what the true purpose of the person is. Since there was a world of Crypto running indiscriminately. Many surprising and outside of analysis things. Well, indeed he is a Big Infuelncer and I really don't like it.