Bitcoin, Dogecoin Gain After Musk's Tweets, But Will There Be Another Bull Run

[Zardbeig]

Dogecoin, which started as a meme currency but received a lot of support from the billionaire tycoon in the past few months also gained in value. But this positive trend in the cryptocurrency market is no guarantee that it will see the bull run, which started at the beginning of this year, again so soon. At most, the value addition to the price of Bitcoin and other digital currencies over the past two days most likely seems temporary.

What are your thoughts about these 2 coins' future and is it possible that Musk will decide to the hype on something else also? Green coins are getting more popular. Why doesn't he mention any of them? Which one do you think needs such a kick?

[Marryan]

Oh, I don't know, this whole market situation outrages me. With a couple of his actions, Elon Musk brought down bitcoin, which continues to rapidly lose its position. I do not think that it will collapse completely, but the fact that its fall brought a lot of damage to the crypto world is a fact.

[Zardbeig]

And what will happen next? Elon is going to promote some unknown coins like CRP and other green stuff? Will it work or it's profitable for already stable coins only? As I know, Chia became popular just after Elon mentioned it. So it's a new way of promoting things?

[Marryan]

I think I saw something about this coin. There is a lot of talk about her on Twitter. If I understand correctly - the main idea is green mining. If this is the case, then this project will sell itself. Especially in view of the chia scandal.

[Zardbeig]

Everything around chia is a scandal. At first this market crash, I mean SSD and hard drives. Then the value of chia fell down like a disaster. I knew from the very beginning that it doesn't worth investing.

[Marryan]

I think that in the end, those who did not expect to get a wild profit by any possible means were right. Still, sometimes it's worth thinking before investing in something dubious and new.

[Zardbeig]

I believe it is not the end of the bullrun yet. I think it will last till Fubruary 2022.

Fully agree. It's not the end. Top coins will fall even more and it's not the end. I don't invest in anything for now. Just mine Crypton as it doesn't require any investments and I believe it will rise after the mobile app development. So keep calm and wait for the best moment.

[Marryan]

I think I'll agree with you. It makes sense to invest in reliable and promising projects that are at the beginning of their development, rather than trying to get a quick profit from unstable, but popular projects.

[Zardbeig]

But you should also make great research before doing that. There are so many coins now, that it's easy to get into a scam. I can offer you to check a mining promo action from Utopia p2p https://www.altcoinstalks.com/index.php?topic=223611.0 It started yesterday and everyone can participate. I agree that CRP is very low now, but I believe it will improve with time.

[Marryan]

Hmm, I might even want to take part in this promotion. For some reason, I am reassured by the fact that I have not found any negative reviews about this project.

[Zardbeig]

There are different reviews, like with all the other services. But in case of that promo action, I think it's worth trying as you don't have to invest for that and the coin is mined in a green way, so nothing will happen. Moreover, you can run up to 50 bots on 1 PC and mine 50 times bigger. Isn't it nice?

[Marryan]

Cool! I wish you success in mining and in promo! I will not stop rejoicing at how the project is a success and enjoys growing popularity among users.

[dotcoin.info]

the rate of cryptocurrencies reacts to the statements of such financial giants as Elon Musk, this is due to the high volatility of the cryptocurrency. I believe that you need to follow the news, this will allow you not only to predict the rise or fall of the price, but also to make good money.

[Zardbeig]

the rate of cryptocurrencies reacts to the statements of such financial giants as Elon Musk, this is due to the high volatility of the cryptocurrency. I believe that you need to follow the news, this will allow you not only to predict the rise or fall of the price, but also to make good money.

But isn't it stupid that the value of coins are changing so fast just because of someone's words? I don't believe in chia and doge that were so much promoted by Elon. Chia is already dying and doge will follow it also, I'm sure. Few days hype can't make any coin stable.

[Marryan]

Well, of course, you're right. Elon Musk has not said anything about chia coin for a long time. However, he confirmed that one of his companies owns an impressive amount of bitcoin. The situation raises questions, don't you think?
Now Utopia p2p2 announced a new promo action for miners - https://utopiap2p.medium.com/join-cr...s-48ff583faae3 It started yesterday and anyone can participate. They offer a good prize pool and as I've understood, all the mined coins will also remain on users.