Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: H2O on June 04, 2021, 03:01:21 PM
-
Bitcoin’s price dropped 7.6% from yesterday’s $39,250 closing to lows of $36,250 following a tweet from Elon Musk.
(https://i.imgur.com/vwR3PbA.png)
The Tesla and SpaceX founder, who has 56.5 million Twitter followers, posted a meme alluding to a relationship break-up with the hashtag “Bitcoin” and a broken heart emoji last night.
-
As far as I've noticed Elon Musk's tweets about bitcoin, the value of bitcoins hasn't increased much. I don't think people trust him very much now. Because he has done this many times before. We never expect this kind of misleading information from big investors like him.
-
Elon better go to Mars or somewhere else. It manipulates the market enough. Let's say that when Btc doesn't really give you the income you expect, why do you tweet so that you can quietly sell and get rid of it. Especially Doge coin investors, be careful. Doge has been shilling for a long time, if tomorrow one day the doge says he broke my heart, the doge will find himself in the vacuum of space and will not come back to himself.
-
Musk certainly influences the BTC rate with his tweets. Many consider him incompetent in matters of the crypto industry, but at the same time, he is a major player and can manipulate the exchange rate of coins. Investors at this conference in Miami did not see the support of large players and we see that many are closing positions on BTC and the rate is falling.
-
Musk is just hyper. When will they stop paying attention to it
-
Elon Musk commented on the price of Bitcoin, which has risen slightly since then. The biggest investor is Elon Musk, of course, after he commented on the price of Bitcoin. He commented the most Doge Coin No Coin’s price must have pumped.
-
Bitcoin’s price dropped 7.6% from yesterday’s $39,250 closing to lows of $36,250 following a tweet from Elon Musk.
Looks like, Elon or his friends aren't finished with accumulating bitcoin and that's why he did that type of thing so that they can accumulate more bitcoin in their portfolio. Also today, few fuds create great impact on the price of bitcoin and it's dropped from that price level as large number of cryptocurrency KOL accounts have been blocked on Weibo which is knows as China's Twitter. This is really bad news and bitcoin dumped after circulating this news. TBH, we shouldn't miss the dip again as there is a great chance of rebound as taproot is on the way.
-
He is a famous person, so it is possible he has the power to shake the Bitcoin price. However, ideally, the impacts of his tweets won't last a long time. After few days, the impacts should be weaker and weaker. Except if he constantly tweets something bad about Bitcoin and crypto, the impacts can be longer. In this situation, it is better for us to calm and not panic. Elon Musk must stop it, he won't have time to always spreading FUDs or bad news about crypto and Bitcoin.
-
This is very bad news for cryptocurrency users.Everyone is disappointed when the price of Bitcoin goes down because cryptocurrency users dream that Bitcoin will reach a better level.Just as Elon Musk's positive tweets are market up, so are negative tweets. Why he tweeted like that is a matter of concern.
-
Yeah, it shows how vulnerable this market is, the disadvantage side of decentralized space, because in the stock market where their is strictness and control Elon wouldn't dare to do stuff like this without him facing the law, but in crypto everyone is free to do and behave irresponsibly, he is busy playing with peoples investment, some their life savings and he doesn't care, this is one thing i don't like so much about crypto, lack of control and regulation.
-
Of course, the price of the coin that Elon Musk comments on in the cryptocurrency market rises overnight. When he said that Telsa company will accept bitcoin transactions but then it was seen that various types of commercial transactions have been done through bitcoin. After a while, the price of Bitcoin has increased like a bull race. Of course I think the cryptocurrency market depends on Elon Musk's words.
-
I'm surprised by Elon Musk, he has so much control over the price of BTC, but his followers don't think if they hold Bitcoin for the next 5 years the price will go up by more than $100k.
Elon Musk seems to want to choose other coins such as ETH, I see he is interested in the ecosystem that has been developed by Vitalik.
Let's see what happens after he tweets the Bitcoin, I hope the price can go up, but a price drop below $35k is needed 24 EMA before hit $40k
-
Elon Musk is one of the richest people in the world and a famous person.He was the first to join the cryptocurrency and tweeted about bitcoin and doge coins.As a result, their prices skyrocketed.He announced that Bitcoin, the best coin in the cryptocurrency, could be used to buy Tesla cars.But he rescinded his announcement shortly after the announcement, saying his Tesla cars could not be purchased with Bitcoin.If Elon Musk comments again on Bitcoin, the price of Bitcoin could rise again.
-
Elon Musk is one of the richest people in the world and a famous person.He was the first to join the cryptocurrency and tweeted about bitcoin and doge coins.As a result, their prices skyrocketed.He announced that Bitcoin, the best coin in the cryptocurrency, could be used to buy Tesla cars.But he rescinded his announcement shortly after the announcement, saying his Tesla cars could not be purchased with Bitcoin.If Elon Musk comments again on Bitcoin, the price of Bitcoin could rise again.
Neither Bitcoin nor cryptocurrencies need a billionaire buffoon like Elon Musk, his intentions have been very clear, as has his way of seeing people (as idiots), the same can be said of Tesla. Bitcoin and the rest of cryptocurrencies with a future and use cases will continue to exist and improve over time without the need for external elements.
-
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.
-
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.
-
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.
-
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.
-
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 .
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
I think a correction was inevitable anyway, but I also think that Musk's tweeting certainly helped it along the way.
-
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.
-
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.
-
We know that bitcoin is the best coin in the cryptocurrency market. Because we can see that it's the king of cryptocurrency market.We also know that Elon Musk establish tesla company.Wher tesla accepted bitcoin than it's price will increase quickly.So i think that it's the right point to increase.we also believe that until elon musk staying in bitcoin it's price will increase day by day.So we told that Elon Musk shakes bitcoin price.
-
Elon clearly has an influence on the bitcoin rate with the help of his tweets, but this effect no longer has the same magnitude as it was before, because many people were disappointed in Ilon because of his own profit in his tweets, because he made good money on his name by speculation on cryptocurrency and hamsters have suffered again. Soon, no one will pay attention to his tweets, due to distrust.
-
If we are listening to what Elon says about cryptocurrency, just leave it and don't need to look at the news directly. And now, the people may be following the hype that can be one of the ways to help again. And now, the most coins will really know the reality and also RTW
-
This is what Elon said recently: "bitcoin is not environmentally friendly"
This is what Elon did: hold onto most of Tesla's bitcoin.
What they do is always more telling that what they say. In crypto you often find after the fact that some institution was spreading all kinds of bitcoin FUD to try to keep prices down while accumulating it themselves.
-
This is what Elon said recently: "bitcoin is not environmentally friendly"
This is what Elon did: hold onto most of Tesla's bitcoin.
What they do is always more telling that what they say. In crypto you often find after the fact that some institution was spreading all kinds of bitcoin FUD to try to keep prices down while accumulating it themselves.
In Crypto world , we should have own consideration to decise some thing.
Don't follow them, famous person , big whales. Because I think It is their market strategy to influence market.
Do with your own risk.
Well, elon musk has said bitcoin mining is not ebviromentally friendly. We saw the big dump at last month.
Today, I see elon tweet "Tesla will resume allowing Bitcoin transactions".
I hope market will grow again.
-
And today it happened again, after Elon Musk reaffirmed accepting Bitcoin, now the price of Bitcoin has gone up again. Truly a man of great wealth, Great influence is what he says and does. Elon Musk, has now become important to the rise and fall of the price of Bitcoin.
-
And today it happened again, after Elon Musk reaffirmed accepting Bitcoin, now the price of Bitcoin has gone up again. Truly a man of great wealth, Great influence is what he says and does. Elon Musk, has now become important to the rise and fall of the price of Bitcoin.
What we have been able to read in the latest news about Elon Musk saying that he will accept Bitcoin as a payment method for Tesla cars, I think is a double play to keep everyone "happy". We don't know when Bitcoin's electricity consumption will drop to 50% from the moment green energy is used, because it may never happen. It is something that depends on the personal decisions of many people.
-
Bitcoin's market is now being driven by a few people. If they tweet a message and see it, the market goes up and down. But this thing would not have happened before. Earlier the market was moving at its own pace but now it is not. Now if Elon Musk says that I have added Bitcoin to my company then it will increase. And if they say I canceled it, then it will decrease. But I don't understand why people do that.
-
Bitcoin's market is now being driven by a few people. If they tweet a message and see it, the market goes up and down. But this thing would not have happened before. Earlier the market was moving at its own pace but now it is not. Now if Elon Musk says that I have added Bitcoin to my company then it will increase. And if they say I canceled it, then it will decrease. But I don't understand why people do that.
The only solution (which I have never liked) to the problem of Elon Musk talking about Bitcoin and making it go up or down in value, are whales. The whales that did not sell their Doge to Elon are the ones that have prevented him from attempting to control all of Doge's supply. The whales are the ones who control the value of Bitcoin, for better or for worse.
-
Elon Musk Bitcoin prices began to rise as soon as he commented on Bitcoin. Because they are big investors which is why they move the price of Bitcoin as they say. If they invest, of course, the value of all coins will increase.
-
Elon Musk tweeted about Bitcoin now but the price of Bitcoin has skyrocketed.The market has been in a normal state since his tweet.The price of all the coins in the market was rising. Again when he left Bitcoin but the market situation was very bad.Elon Musk is now again supporting Bitcoin for which the price of Bitcoin has started to rise again.It seems that the cryptocurrency market is out of the reach of the world's richest people.The market is fluctuating according to their wishes.We hope that the rise in bitcoin prices will continue.
-
Bitcoin prices continue to rise sharply after Elon Musk tweeted about Bitcoin. Currently, the price of Bitcoin has increased a lot compared to the past due to the support of Ilmak Bitcoin has increased like the speed of a rocket. It is expected that the price of Bitcoin will again exceed $60k in a few days.
-
I think Elon Musk is a villain in the cryptocurrency market. This is because the price of Bitcoin has come down as a result of various negative news releases. Because many investors now follow him. But there are bigger types of investors in the cryptocurrency market than him. I don't think the cryptocurrency market will stop for a specific person. The cryptocurrency market is changing all the time and the price of every coin in the market tends to rise.
-
Bitcoin prices continue to rise sharply after Elon Musk tweeted about Bitcoin. Currently, the price of Bitcoin has increased a lot compared to the past due to the support of Ilmak Bitcoin has increased like the speed of a rocket. It is expected that the price of Bitcoin will again exceed $60k in a few days.
I don't know where you get that information from, but Elon Musk's latest tweets about Bitcoin were not good at all. In his latest Tweets, he said that Tesla would accept Bitcoin as a payment method when 50% of Bitcoin mining uses green energy. That will not bring Bitcoin back to $60,000 as you say, that is imposing conditions. And neither the market nor the community need conditions from anyone.
-
Bitcoin’s price dropped 7.6% from yesterday’s $39,250 closing to lows of $36,250 following a tweet from Elon Musk.
Looks like, Elon or his friends aren't finished with accumulating bitcoin and that's why he did that type of thing so that they can accumulate more bitcoin in their portfolio. Also today, few fuds create great impact on the price of bitcoin and it's dropped from that price level as large number of cryptocurrency KOL accounts have been blocked on Weibo which is knows as China's Twitter. This is really bad news and bitcoin dumped after circulating this news. TBH, we shouldn't miss the dip again as there is a great chance of rebound as taproot is on the way.
Elon Musk is a big whale. They know what is Bitcoin and where will go its future price. So, they won't sell their Bitcoin rather will accumulate Bitcoin as much as they can for future gainers. Already Elon is now one of the top holders of Bitcoin.
-
I don't know why some many people are taking Elon musk so serious like this for a man that just invested on Bitcoin like every other person did, Bitcoin has been there before Elon musk become Bitcoin investor, is it because he's big investor in Bitcoin that's why it's the the one deciding the value of Bitcoin, every body has it's own opinions about Cryptocurrency project but that doesn't mean they determine how people should value their assets.
-
Elon Musk is the head of one of the biggest and most influential companies on the planet, it makes sense that his words have weight.
-
im am shoked
-
Elon Musk is the head of one of the biggest and most influential companies on the planet, it makes sense that his words have weight.
I don't think it matters what companies Elon Musk owns. His words have only served to manipulate and confuse newbies arriving in the world of cryptocurrencies. He has lied about Bitcoin and then lowers the price for his own interests, and he also wants to control Doge, although it is not easy for him. For me, the words of a liar are still lies even though they carry weight.
-
Elon Musk is the head of one of the biggest and most influential companies on the planet, it makes sense that his words have weight.
As an entrepreneur, there is no need to doubt him but what is feared is that the followers he has on social media are quite large and whatever is said can affect the good or bad of what he says because not all can hold back and analyze well that what is said is only to benefit himself.
-
Bitcoin’s price dropped 7.6% from yesterday’s $39,250 closing to lows of $36,250 following a tweet from Elon Musk.
(https://i.imgur.com/vwR3PbA.png)
The Tesla and SpaceX founder, who has 56.5 million Twitter followers, posted a meme alluding to a relationship break-up with the hashtag “Bitcoin” and a broken heart emoji last night.
Every one always talking about Elon musk tweet. I don't agree, I think It's just negative issue and famous person has influenced the market.
In my opinion, it has passed, I think market will recover again because I see many investors still hold their coins and wait.
So, keep calm and always be optimistic.
-
However, Musk's relationship with Bitcoin isn't completely positive. After announcing that Tesla would accept payments in Bitcoin for its products and services in March 2021, just two months later the CEO abruptly announced that the company would no longer accept the cryptocurrency for payments.
-
Elon Musk One of the most successful people in the world, he is the biggest businessman in the world. He is also the richest man in the world with an abundance of money. Elon Musk's most popular is his space also Tesla company. Elon Max's success is due to his thinking power. He wants to succeed in whatever he does. He succeeds today because he does not neglect work even after repeated failures Bitcoin prices have skyrocketed since Elon Max started buying Bitcoin because he believed in the stingy currency market.
-
I can’t understand buying a crypto that will maybe 4x in a year when if I want to take my profits I have to pay 40% tax . So I’m basically making 2x. I’m willing to gamble on others that’ll do 10-20x. Like when I bought Doge at .003 last year and sold it at .160x after taxes
-
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.
Musk is not interested in dumping the cue ball, because Tesla holds BTC. According to the Tesla report published today for the 2nd quarter, the company has a 25 million loss from investing in bitcoin.
-
I can’t understand buying a crypto that will maybe 4x in a year when if I want to take my profits I have to pay 40% tax . So I’m basically making 2x. I’m willing to gamble on others that’ll do 10-20x. Like when I bought Doge at .003 last year and sold it at .160x after taxes
Investing in cryptocurrencies has always been everyone's choice hence, you can do whatever with your funds. I believe we would also understand that, not all old/new SHIT coins always come with profits. I invested in BNB when it was trading for $40 and I held it to $600, do the maths ;D
We should understand that investing in Crypto is also a matter of timing, Investing in the right coin/token at the right time also can make you a lot of profit without the hype some others need.
-
Actually, the influence from Elon Musk is very sure, making the Bitcoin price shaking enough in the market because of certain rates and also conditions. So far, we have been seeing that the BTC price is also influenced by the FUD and also good news surroundings when people are fearful enough. Bitcoin price keeps decreasing.
-
Nor does Elon Musk lower the price of bitcoin. As far as I know Elon Musk is the No. 1 richest man in the world he can never do that.
-
Recently, Elon Musk published information in which he advised to keep bitcoins and ethereum. Well, let it be. His opinion will add a good attitude towards cryptocurrency. I just don't like his ads for Dogecoin and other meme coins. Because then their holders will experience disappointment and this will be transferred to the entire cryptocurrency.
-
Recently, Elon Musk published information in which he advised to keep bitcoins and ethereum. Well, let it be. His opinion will add a good attitude towards cryptocurrency. I just don't like his ads for Dogecoin and other meme coins. Because then their holders will experience disappointment and this will be transferred to the entire cryptocurrency.
Everything Elon Musk says is in favor of his personal interests, nobody should doubt something like that. We have the example in Doge, every time Musk said something about Doge the value of the coin went up a lot, until he stopped talking about Doge and the value went down a lot. From $0.73 to $0.13. This was not just due to a general drop in the market, and people who bought at $0.73 are still waiting for something to happen so they can at least get their investment back. I hope they get it.
-
No doubt he has some control over price manipulation, so I always try to avoid the coins he holds. But not for Bitcoin. which I hold tight.
he can really influence the market, mainly dogecoin. But yes mate, who cares about his crypto possessions.
-
If Tesla accepts BTC again, while at the same time supporting BTC's clean energy, we will see a recovery of the whole market. That could be our biggest chance before crypto winter arrives in 2023. I still wait for BTC to get back to 50-60K in 2022.
-
If Tesla accepts BTC again, while at the same time supporting BTC's clean energy, we will see a recovery of the whole market. That could be our biggest chance before crypto winter arrives in 2023. I still wait for BTC to get back to 50-60K in 2022.
Don't worry mate, bitcoin has potentially to beat 50-60K USD again, Is not it ?
Bitcoin will recover again, and we know it's bearish season.
I think almost all of crypto currency will drop.
-
If Tesla accepts BTC again, while at the same time supporting BTC's clean energy, we will see a recovery of the whole market. That could be our biggest chance before crypto winter arrives in 2023. I still wait for BTC to get back to 50-60K in 2022.
Cryptocurrency has already fallen in price so much that almost everyone agrees that crypto winter has arrived in this market. It seems that its beginning should be calculated from November last year, that is, it has already been going on for the eighth month.
Elon Musk is still able to influence the cryptocurrency market with his tweets, but I think not enough to raise it to a bullish period. But over time, its influence on the cryptocurrency market will decrease.
-
If Tesla accepts BTC again, while at the same time supporting BTC's clean energy, we will see a recovery of the whole market. That could be our biggest chance before crypto winter arrives in 2023. I still wait for BTC to get back to 50-60K in 2022.
Cryptocurrency has already fallen in price so much that almost everyone agrees that crypto winter has arrived in this market. It seems that its beginning should be calculated from November last year, that is, it has already been going on for the eighth month.
Elon Musk is still able to influence the cryptocurrency market with his tweets, but I think not enough to raise it to a bullish period. But over time, its influence on the cryptocurrency market will decrease.
You are right. I believe that the bear season already started back in Nov. 2021 as we can see from SS, a -73% from the last ATH
(https://i.imgur.com/or17gvS.jpg)
and whatever Elon Musk is saying cant really rally the market back unless the market takes in a full bear circle I believe and this might take months if not some more years but surely there will be a recovery.
-
If Tesla accepts BTC again, while at the same time supporting BTC's clean energy, we will see a recovery of the whole market. That could be our biggest chance before crypto winter arrives in 2023. I still wait for BTC to get back to 50-60K in 2022.
Tesla again took an unexpected step, selling in the second quarter of this year 75 percent of its bitcoins at 29,000 dollars, which it bought in January last year at a price of about $32,000. Thus, this Elon Musk company sold bitcoins at a loss at a price below the purchase price. In addition, such a move would certainly damage the image of bitcoin, although it did not noticeably affect its price. Do they really think that the price of bitcoin will continue to fall for a long time or will remain at such a low level for a long time that they took such an unpopular step?
-
Nothing happen it just fud market is going good may be it will be good soon has well my market this month is 28k so hold your coin will be good to sell them at that price.
-
Alon Musk influenced the price of bitcoin in 2021 when he bought bitcoin but recently, Alon musk's company Tesla has sold 75% of its bitcoin, this has not made much of an impact on the market. Bitcoin currently trades at $23275.
-
if I think that Elon has an important influence on the price of bitcoin, every tweet always affects the price of bitcoin, we know that Elon is the richest person in the world and holds the most crypto assets, so it's natural that every tweet affects the price of crypto.
-
Bitcoin’s price dropped 7.6% from yesterday’s $39,250 closing to lows of $36,250 following a tweet from Elon Musk.
(https://i.imgur.com/vwR3PbA.png)
The Tesla and SpaceX founder, who has 56.5 million Twitter followers, posted a meme alluding to a relationship break-up with the hashtag “Bitcoin” and a broken heart emoji last night.
I remembered what he did before that with Shiba Inu, he just posted on Twitter about SHIB after awhile, the price of SHIB suddenly increased a lot, it reached 0.000035$ or 0.00004$ each as far as I know, because of what he did, and there a lot of people became rich after this things happened. Now he tried with bitcoin, And maybe Elon Musk think that what he did in SHIB will also happen in Bitcoin, and probably he also thought that he had a strong influence for investors to buy, but in reality the impact was not that strong what he did like in SHIB.
-
Although Elon has moved the price of Bitcoin, I don’t think it’s that much of a movement. I believe people have started to recognise their manipulation tricks and all that stuff. No one takes Elon seriously now.
-
if I think that Elon has an important influence on the price of bitcoin, every tweet always affects the price of bitcoin, we know that Elon is the richest person in the world and holds the most crypto assets, so it's natural that every tweet affects the price of crypto.
I may not believe that what Elon says always has an impact, because he is a good character player and clearly all with the aim of being able to benefit himself, to remember that he is a businessman who clearly wants to achieve profit at all costs.
now he knows that the market trend is bearish and he can't do anything to be able to give a positive message so that bitcoin can increase or should be able to give encouragement to the doge to increase, but there is still a correction.
maybe Elon is too smart to be able to lull his followers into what he wants.
-
Bitcoin at the time of writing was trading for $20,205, according to CoinGecko data. It has struggled to break past the $25,000 mark for months—and it is more than 70% down from the all-time high of $69,044 it touched in November.
-
Everyone knows this. Elon musk is a well known personality. But I don't think so. He had a hand in the BTC price. ups and down is the basis of crypto. And as you are also seeing. The time of bear market is going on. According to coinmarketcap the total value of BTC today is $18,766.19.
-
Everyone knows this. Elon musk is a well known personality. But I don't think so. He had a hand in the BTC price. ups and down is the basis of crypto. And as you are also seeing. The time of bear market is going on. According to coinmarketcap the total value of BTC today is $18,766.19.
Elon musk is just one person that have big companies, and always support crypto currency.
But I think there are many big investors, bigger than Elon musk behind crypto currency.
That's my opinion
-
Bitcoin price is not depending on one people like Elon musk.
Because there are many big investors, I agree with the opinion above.
Elong just support bitcoin and not the main factor or bitcoin progress.