Quote from: gabbie2010 on May 20, 2021, 07:03:13 AM

Quote from: Abubakar56 on May 19, 2021, 11:52:59 PM

I also agree with you guys. I think it was first because Elon musk made that tweet about Tesla no longer going to accept Bitcoin and when the market was reacting to that, china made their own announcement of Banning crypto again and that just further accelerated the drop. Though the markets are getting back to normal again cos Bitcoin is trading between $39k-$42k and hope it keeps holding.

I also think the market is hodling strong around that price $38k-$40k+ which is also a good signal that Bitcoin is not ready yet to go way down as most people think though I believe it might take some time, hopefully trading sideways for the time being but will certainly see a new ATH this year.

Quote from: Dexzon on May 22, 2021, 01:18:09 AM

This situation is almost the same as what happened in 2018, there is nothing to worry about if you manage your crypto assets properly, take this moment by buying because I am sure the price of altcoins and Bitcoin will return to a new ATH, the red elongated candle has been happened and it's time we see the crypto market turn green again

This is something that unfortunately we have to keep saying but many will still not understand even with all that has happened to bitcoin before and how it has recovered from dips worse than this. Even if it falls to $20k I believe it will recover if we can come back from $3k+.

Quote from: Freemind on May 20, 2021, 11:26:00 AM

Quote from: owlest on May 19, 2021, 07:40:24 AM

I completely agree with you and also consider him a manipulator. But, if they acted honestly, then they could not get such a profit. I have always believed and still believe now that in order to earn a lot of capital, you need to act not honestly.

I think the same as you in that regard, but I also think that to make money (a lot of money) it is not necessary to act like Tesla or Elon Musk have done. If I had to look for an example in a particular company or investor, I would look at Michael J. Saylor and MicroStrategy, they have proven themselves to be honest so far and I hope they remain so in the future.

I cannot judge this. These companies only tell us about the purchase. What if they secretly sold part of it? In addition, Musk is a public person, he needs attention to be riveted to him. Therefore, I think he posts what he thinks (and sometimes he doesn't think he posts).

For some time now we have been noticing that cryptocurrency has dumped a lot of value on all the coins. How long will it take for the market to return to normal? Will the market be able to return to its previous state?

Institutions play with markets from time to time.
Recently it happened that Tesla no longer accepted Bitcoin and the whole market crashed.
But this institution never sold its BTCs, be careful.
It is a practice so that they can fill their pockets with BTC more.

I have been hearing of Btc crash, or the word "crashed", a term used to express price decrease or a price drop; this term used gives me big concerns from among the crypto community and globally. Anything that has crashed doe not seem to exit again, unfortunately many people always used this word frequently and it give newbies in the societies a wrong impression about BTC investments opportunity. I think this is a wrong grammatical expression, and the write word should be used appropriately to express Btc fluctuations especially a certain prices dumps due to one reason or another.
In my opinion, Btc only drop, dump, experiences market dip in price and can not crash. What are your opinions?