Crypto Market (Bitcoin, Ethereum) and Elon musk

[Tubelight]

I blame Ilnmask for this situation in the market.  Because we have noticed that much of the control of the crypto market has gone into the hands of Ilnmask.
 Looking at the market's tax situation, we have already guessed that Ilnmask is making an effort to promote crypto day by day, which has a positive effect on the market's tax situation.
 Ilnmask can do a lot if he wants to, but I understand that he is trying to promote cryptocurrency, but my point is -
 He is promoting Crypto which has had a positive impact on the regular market.  In fact, what is his purpose, to promote crypto, he completely destroyed the market.

 Where does it end?
 What could be the real motive behind his promotion of this market?

[Tunir Baap]

Yes, that's right you can now become known as Elon Musk.  Elon Musk is a big investor as well as a famous rich man.  They tweeted about investing bitcoin in cryptocurrency, the price of bitcoin went up a lot.  He also said that they can buy Tesla cars with bitcoins but now he has given up bitcoins.  As a result, the price of Bitcoin has dropped to $31,000 and Etherium to $1,600.

[mlawson71]

He never said Tesla could build cars with Bitcoins, just that one could pay with Bitcoins for Tesla cars.

[Triple333]

Bitcoin, the world's most popular cryptocurrency, fell 5.61 percent to  35,210.  As a result, the price of Bitcoin has dropped to  2131.11.  In April this year, its price reached a record high of  74,795.22.  Besides, the price of ether, the currency of the Ethereum blockchain network, has also come down.  It fell 2.54 percent to  2,293.27.  Saturday's price was 59.64 percent lower than the previous day.  The unrest started last month with Bitcoin.  Following China's tough stance on cryptocurrency, several large cryptocurrency mining companies have ceased operations in China.  As a result, the price of Bitcoin fell as the transaction was stopped.  In just a few weeks, the price of Bitcoin has halved to one of the highest prices of the year.  Earlier, Bitcoin was under pressure after several tweets from Tesla CEO and billionaire Elon Musk.  Tesla moved out of that position in May after it was announced in February that the price of the Tesla car could be paid in Bitcoin.  Everyone related to cryptocurrency is hoping that the price of Bitcoin will pump up again soon.

[Delgboke]

Nobody those anything without an interiormoltives there's must be a reason behind his Cryptocurrency promotion even as he has more influence in cryptocurrency market so also is for his benefit that's why elon musk is seriously promoting Cryptocurrency project because of his interest of accepting Bitcoin as a medium of payment in his electric car business.

[marcsymons]

I think Elon Musk is now a big whale of crypto. After his Bitcoin supports thru his Tesla Motor, He drops the crypto market after a few months of records of ATH. This is part of his plan that he would become more rich using the crypto market investment. So for me, stop listening to his tweets because he is not cute anymore.

[Dark Knight]

Elon Musk is a very large investor in cryptocurrency and at the same time he is a world famous rich man.Who owns the electric Tesla car company.He invested in cryptocurrencies on Bitcoin and Doge Coins which resulted in their prices skyrocketing.The price of those coins has been re-dumped in large quantities since he announced his abandonment.I think if Elon Mask starts investing in cryptocurrency again, the price of coins will definitely go up again.

[Seerge]

Elon Musk really has a big influence in Crypto.  He is a rich man, has a lot of Crypto Assets. Every Elon Musk tweet is now always being watched by traders and Crypto Investors, because each of his tweets always changes the price of Bitcoin, Ethereum and other coins.

[Freemind]

Elon Musk really has a big influence in Crypto.  He is a rich man, has a lot of Crypto Assets. Every Elon Musk tweet is now always being watched by traders and Crypto Investors, because each of his tweets always changes the price of Bitcoin, Ethereum and other coins.

Instead of doing that and influencing crypto prices, Elon Musk could devote himself to studying things before presenting himself to the public and the crypto community as an ignorant. And worst of all is not the lie that Tesla did not know that Bitcoin consumed "a lot of electricity", the worst is that they think we are idiots.

[hasyurt]

It is clear that he speculates very seriously on the crypto market. After his last tweet, btc went above 40k, but he could not hold on there. As of yesterday, it was down to 28k and now it's hovering over 33k. I think it should go over 42k for confidence in the market and Elon should stay quiet.

[Triedboy]

Much of the cryptocurrency market depends on Elon Musk's tweets. Despite the Bitcoin price being so dumping, when Elon Musk tweeted that Bitcoin's transactions would be taken up again by Tesla Company, it suddenly went up from $30k to $40k. That's why those who have angel investors always invest based on Elon Musk's tweets. Whenever he speaks positively, it is seen that investors tend to invest.

[Freemind]

Much of the cryptocurrency market depends on Elon Musk's tweets. Despite the Bitcoin price being so dumping, when Elon Musk tweeted that Bitcoin's transactions would be taken up again by Tesla Company, it suddenly went up from $30k to $40k. That's why those who have angel investors always invest based on Elon Musk's tweets. Whenever he speaks positively, it is seen that investors tend to invest.

Investing based on Elon Musk's tweets seems like great nonsense to me, it is something that can bankrupt many of them. I guess most people who do that is because they think Elon will carry that coin to infinity and beyond. I think we should ask everyone who invested in Doge during the last ATH what they think now. They are weak hands and they sell their fear cheap.

[Paglamon]

When the cryptocurrency market situation starts to get better. That is when the price of Bitcoin goes up a lot. I think then the big whales work to make Bitcoin better. That is why the financial services of Bitcoin are increasing day by day all over the world. Bitcoin transactions are increasing in different countries. As the best currency in the Bitcoin market, the volume of transactions around the world is currently increasing. So Bitcoin currency transactions have had a much greater impact worldwide. So most of the coins in the cryptocurrency market currently depend on the price of Bitcoin.

[shadowdio]

Well I think he just secretly manipulating the market, remember he tweeted about tesla will not accepting bitcoin after that the price went down. Now he promoting again, it seems he bought a lot at dip price..

[Freemind]

Well I think he just secretly manipulating the market, remember he tweeted about tesla will not accepting bitcoin after that the price went down. Now he promoting again, it seems he bought a lot at dip price..

Of course, it is manipulation, it is what the rich do best and what they earn the most money from. Elon manipulates the market to buy cheaper as you say, to do that he relies on the millions of people who follow him and who try to do the same things as him, logically without success. Later, when people reproach him for his actions, he says that he is not a spokesperson or representative for cryptocurrencies...