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Author Topic: Elon Musk Shakes Bitcoin Price  (Read 5900 times)

Offline lepbagong

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Re: Elon Musk Shakes Bitcoin Price
« Reply #15 on: June 07, 2021, 01:01:28 PM »
The price of Bitcoin currently rising must exceed $50k. But a few days ago Elon Musk said that the price of Bitcoin has dropped by about 50-60% for tweeting negatively about Bitcoin. But again I saw Elon Musk saying something positive about Bitcoin. The price of Bitcoin is increasing by some means. Of course the price of Bitcoin will break the previous record but we will have to wait for some time.
bitcoin has fallen 48% from its last price when it hit renewable ATH and this is certainly the biggest hit bitcoin has suffered so far. because the decline was very fast and didn't take long, but fortunately the price didn't fall below $30K, because if it fell below that, it could be possible for the event to fall even deeper.

all of this due to the bad news that came together from both #elonmusk and china banning bitcoin. and resulted in excessive investor fear of the news, over-anticipated that it had an impact on the price going on with bitcoin.

currently the price remains stable and we hope that for a while bitcoin moves at a fairly stable price, waiting for the external situation to bitcoin to decline and investor confidence to increase again and do not always believe in bad news for bitcoin.

because until now is the time when bitcoin should be victorious at the end of the year. if you look at the results of the previous halving, but it is still a long time and will likely always change again in the main goal. but maybe the price of renewable ATH could not match the original estimate, but most importantly that bitcoin will recover.
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Re: Elon Musk Shakes Bitcoin Price
« Reply #15 on: June 07, 2021, 01:01:28 PM »

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Re: Elon Musk Shakes Bitcoin Price
« Reply #16 on: June 07, 2021, 09:41:31 PM »
The Tesla CEO has contributed negatively to the recent bitcoin slumping and ever since his several tweets about btc,
in so many times, there has been tremendous price crash. First, it was the btc energy consumption in relation to the environment, and also certain unguided statements to either manipulate or influence the Btc price. Very soon, I think btc will overcome must of these tweets and move with a normal activities to continue with the bull trends.

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Re: Elon Musk Shakes Bitcoin Price
« Reply #17 on: June 08, 2021, 10:56:13 AM »
The Tesla CEO has contributed negatively to the recent bitcoin slumping and ever since his several tweets about btc,
in so many times, there has been tremendous price crash. First, it was the btc energy consumption in relation to the environment, and also certain unguided statements to either manipulate or influence the Btc price. Very soon, I think btc will overcome must of these tweets and move with a normal activities to continue with the bull trends.

Bitcoin has always recovered from all the things that governments and companies have done to bring it down. Elon Musk and Tesla, with their lies, are not going to be an exception. And somehow they are already paying for those lies, seeing their credibility diminish day by day, thus losing much of the power that society gives them. Everything has consequences in life.
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Re: Elon Musk Shakes Bitcoin Price
« Reply #18 on: June 09, 2021, 06:32:37 AM »
Elon Musk is deliberately creating FUD so that the price of Bitcoin falls and of course he has also prepared FIAT to buy Bitcoin at a low price.
I will continue to monitor Tweeter statements from Elon until the price of the Bitcoin Dump and it is difficult for traders to accept and maybe until they are frustrated.
This is my chance to be able to buy more Bitcoins at low prices sometime in 2022 .
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Re: Elon Musk Shakes Bitcoin Price
« Reply #19 on: June 09, 2021, 05:18:49 PM »
When Elon Musk bought and hold Bitcoin, the price of Bitcoin was on the rise due to his tweets. But then again when Bitcoin started to decline towards the previous position again. The price of Bitcoin has come down a lot now but I think Bitcoin will continue in the future Will increase to a greater extent. Currently, the price of Bitcoin has come down a lot, so if you buy Bitcoin now, you will definitely get profit in the future.

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Re: Elon Musk Shakes Bitcoin Price
« Reply #20 on: June 09, 2021, 07:20:03 PM »
Currently, the use of crypto resources is increasing worldwide. I think the demand and popularity of Bitcoin is increasing worldwide. Wealthy people spread various negative news in order to make a profit by constantly trading in the market. While Bitcoin is at the top of the support list at one time, these news works to reduce the price. Then the big investors increase their investment. So at some point the price of bitcoin will increase the most.
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Re: Elon Musk Shakes Bitcoin Price
« Reply #21 on: June 09, 2021, 10:56:38 PM »
Elon Musk is a famous person who has many followers on his Twitter. So, it is very possible if he can shake the Bitcoin price. But we must note that it is just a temporary impact made by Elon's tweets. It won't last a long time because in the next few days it will be normal again. I mean the crypto market won't get much influence from the tweets anymore.

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Re: Elon Musk Shakes Bitcoin Price
« Reply #21 on: June 09, 2021, 10:56:38 PM »


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Re: Elon Musk Shakes Bitcoin Price
« Reply #22 on: June 10, 2021, 06:33:11 AM »
That fact but we can't blame Elon Musk for this because he have reason but how market respond is out of control, that's why we should follow our rules not others. Many people decide to buy back but they need more money and good analysis because this time not all coin dropped even they did not too far. Bitcoin is similar with gold but the engine is eth so I believe take it are more profitable, as long 2.0 not release there's chance for make money from short term investment.

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Re: Elon Musk Shakes Bitcoin Price
« Reply #23 on: June 10, 2021, 11:38:34 AM »
That fact but we can't blame Elon Musk for this because he have reason but how market respond is out of control, that's why we should follow our rules not others. Many people decide to buy back but they need more money and good analysis because this time not all coin dropped even they did not too far. Bitcoin is similar with gold but the engine is eth so I believe take it are more profitable, as long 2.0 not release there's chance for make money from short term investment.

Does Elon Musk have a reason?. A reason for what?. For a leading tech company like Tesla to say that they don't know that Bitcoin needs a lot of electricity, does that seem like a logical reason to you?. It seems to me an insult to people's intelligence, intelligence that unfortunately not everyone has, as we can see in their followers.
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Re: Elon Musk Shakes Bitcoin Price
« Reply #24 on: June 10, 2021, 12:53:58 PM »
Elon Musk has managed to influence society, so everyone panicked and Sell their Coins. And that makes matters worse, the price of BTC is falling further as demand decreases while supply in the market increases.
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Re: Elon Musk Shakes Bitcoin Price
« Reply #25 on: June 10, 2021, 01:24:21 PM »
Elon Musk has managed to influence society, so everyone panicked and Sell their Coins. And that makes matters worse, the price of BTC is falling further as demand decreases while supply in the market increases.

And we take advantage of that, we buy the fear they feel. That's a nice feature of the market, something similar to natural selection but within the crypto ecosystem. It's a shame that it has to be like this, but sadly and after seeing the same thing for years, it is the only way that newbies "learn" part of the workings of the market.
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Re: Elon Musk Shakes Bitcoin Price
« Reply #26 on: June 10, 2021, 01:51:20 PM »
There's nothing new about it, the crypto behaves that way, and Elon Musk tweet is just an instrument and the effect is only temporary I think it is normal so don't pay much attention to that matter, it all happens in the past so there's nothing new about it, the more interesting facts are no matter what happens no matter what FUD was thrown into the market but still, Bitcoin can always manage to counter it and rise again.

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Re: Elon Musk Shakes Bitcoin Price
« Reply #27 on: June 10, 2021, 02:30:02 PM »
I think a correction was inevitable anyway, but I also think that Musk's tweeting certainly helped it along the way.

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Re: Elon Musk Shakes Bitcoin Price
« Reply #28 on: June 10, 2021, 07:28:11 PM »
I think a correction was inevitable anyway, but I also think that Musk's tweeting certainly helped it along the way.

I think that natural corrections are always welcome and accepted by the community (at least by a large part of the community), they are good for organic growth. But manipulation is not necessary at all, much less manipulation that also insults people. I think it is important to separate the natural functioning of the market and its cycles from manipulation for personal gain.
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Offline CriptoLH

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Re: Elon Musk Shakes Bitcoin Price
« Reply #29 on: June 10, 2021, 11:07:36 PM »
Elon Musk certainly provoked the fall of bitcoin with his tweets. Musk's opinion, as one of the richest people on the planet, greatly affects the entire cryptocurrency market.
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