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Author Topic: Testing Bitcoin: The Elon Power  (Read 3803 times)

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Re: Testing Bitcoin: The Elon Power
« Reply #45 on: May 26, 2021, 05:27:49 AM »
The price of pet coins fell sharply when Elon Musk said he would not buy shares of Bitcoin. But a few days ago he tweeted that he had bought a lot of bitcoin. So maybe the price of bitcoin is pumping up a bit right now. However, there are many more investors like Elon Musk who are constantly supporting Bitcoin. No.
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Re: Testing Bitcoin: The Elon Power
« Reply #45 on: May 26, 2021, 05:27:49 AM »

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Re: Testing Bitcoin: The Elon Power
« Reply #46 on: June 01, 2021, 08:48:00 AM »
Negative news from various companies and rich people had to help reduce the price of Bitcoin at a time when the Bitcoin market was changing and improving at every moment. Currently, the price of Bitcoin is declining due to various negative news from big companies and rich people in the cryptocurrency market. In particular, Elon Musk's various negative news has pushed the price of Bitcoin down a lot. So despite Bitcoin being a popular currency, its price is going down a lot.
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Re: Testing Bitcoin: The Elon Power
« Reply #47 on: June 01, 2021, 10:26:49 AM »
Negative news from various companies and rich people had to help reduce the price of Bitcoin at a time when the Bitcoin market was changing and improving at every moment. Currently, the price of Bitcoin is declining due to various negative news from big companies and rich people in the cryptocurrency market. In particular, Elon Musk's various negative news has pushed the price of Bitcoin down a lot. So despite Bitcoin being a popular currency, its price is going down a lot.

Over time (if he haven't already) Elon Musk will realize that cryptocurrencies and the community are above his manipulation and lies. Cryptocurrencies started without Elon, grew without him, and will continue to do so. Nobody has named him spokesperson for anything, he is just a rich man who wants to be richer using bad practices. A few days ago Elon said they were helping to improve the Doge protocol, with what intention?. To control it.
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Re: Testing Bitcoin: The Elon Power
« Reply #48 on: June 01, 2021, 12:15:56 PM »
It is natural that the price of any coin in the cryptocurrency market will fluctuate.  But over the last few months we have noticed how the capital market is controlled by one person.  At first no investor realized it was a ploy by Elon Musk.  Elon Musk said in his tweet about Bitcoin that he will accept Bitcoin as opposed to his Tesla car.  We observe the same thing with doggy coins.  But when he suspended Bitcoin in contrast to Lagar, we saw that the price of all coins in the market, including Bitcoin, started falling one by one.  But this time the fish did not sell its purchase in any bitcoin market.  My guess is that the price of Bitcoin will naturally rise again in the future.

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Re: Testing Bitcoin: The Elon Power
« Reply #49 on: June 01, 2021, 01:03:16 PM »
It is natural that the price of any coin in the cryptocurrency market will fluctuate.  But over the last few months we have noticed how the capital market is controlled by one person.  At first no investor realized it was a ploy by Elon Musk.  Elon Musk said in his tweet about Bitcoin that he will accept Bitcoin as opposed to his Tesla car.  We observe the same thing with doggy coins.  But when he suspended Bitcoin in contrast to Lagar, we saw that the price of all coins in the market, including Bitcoin, started falling one by one.  But this time the fish did not sell its purchase in any bitcoin market.  My guess is that the price of Bitcoin will naturally rise again in the future.

The market is not controlled by a single person, the market is "controlled" by all the people who participate in it. What Tesla and Elon Musk have done is an act of manipulation, but the market decline is not due only to that, the statements of the Chinese government (like every year) have also had a negative impact. Many small investors have sold after Elon Musk's statements, and they are also responsible.
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Re: Testing Bitcoin: The Elon Power
« Reply #50 on: June 01, 2021, 11:43:01 PM »
It was very unfortunate since the existence of Elon Musk in the world of Crypto became a little messy. We just see how big the influence of Elon is very large. Many of their followers were glued to what he tweeted. They did not understand Crypto but only followed what Elon was informed in his tweet. So sometimes or often they are not ready for market conditions that suddenly change.

 

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