Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: cryptonaut007 on May 14, 2021, 02:29:21 PM
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The cryptocurrency market is extremely volatile. As a cryptocurrency newbie, I am somewhat lost on what to do next.
The crypto market is back to green, but who's to say for how long?
Will BTC break past 50k? Is Doge going to the moon? What are your thoughts regarding the matter?
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Will BTC break past 50k? Is Doge going to the moon? What are your thoughts regarding the matter?
First of all, it'll be the best to change the title as it's misleading because crypto market don't even follow anyone's tweets because market will be here, but those people will come to make profit and left the market.
Secondly, bitcoin might rebound from current level if it's able to break the $51k resistance level and maintain trading above of this price level. Also, weekly candle closing will be done and mew candle needs to be opened as a green one at more than $51k price level. So watch out the market carefully and bitcoin will rebound soon, IMHO.
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Saya suka ulasan ini. Saya yang pemula juga membutuhkan informasi pasar yang tidak stabil.. Dan akan berapa lama. Terimakasih
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Will BTC break past 50k? Is Doge going to the moon? What are your thoughts regarding the matter?
First of all, it'll be the best to change the title as it's misleading because crypto market don't even follow anyone's tweets because market will be here, but those people will come to make profit and left the market.
Secondly, bitcoin might rebound from current level if it's able to break the $51k resistance level and maintain trading above of this price level. Also, weekly candle closing will be done and mew candle needs to be opened as a green one at more than $51k price level. So watch out the market carefully and bitcoin will rebound soon, IMHO.
Although I get your point, you can't disregard the fact that this person is influential. And just recently, after he tweeted, BTC dropped to 43k.
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Saya suka ulasan ini. Saya yang pemula juga membutuhkan informasi pasar yang tidak stabil.. Dan akan berapa lama. Terimakasih
Ya, terima kasih. Sudah berapa lama kamu trading/staking cryptocurrency?
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Will BTC break past 50k? Is Doge going to the moon? What are your thoughts regarding the matter?
First of all, it'll be the best to change the title as it's misleading because crypto market don't even follow anyone's tweets because market will be here, but those people will come to make profit and left the market.
Secondly, bitcoin might rebound from current level if it's able to break the $51k resistance level and maintain trading above of this price level. Also, weekly candle closing will be done and mew candle needs to be opened as a green one at more than $51k price level. So watch out the market carefully and bitcoin will rebound soon, IMHO.
Although I get your point, you can't disregard the fact that this person is influential. And just recently, after he tweeted, BTC dropped to 43k.
Elon Musk has been having huge influence on the price of Bitcoin layely with tweets based on the fact that he invested massively in it, the whales has their way of manipulating the price of bitcoin, I hope he sell off his investment and leave Bitcoin else we shall continue to witness price flunctuation often, presently the price dipped and dumped massively leading to losses which can discourage potential investors.
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Do not pay attention to the statement of this eccentric, because he manipulates public opinion. Of course, we are talking about Bitcoin mining, but nevertheless, it is the most valuable asset in the cryptocurrency market and not a single large investor will refuse it, since they do not refuse any energy resources in the markets.
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The problem is not only that Elon Musk tries to manipulate the market, the problem is the people who follow him and believe all the words in each of his tweets. If each person made their own decisions and had the ability to think for themselves, nothing that is happening would have happened. But it seems that in this world asking people to think is crazy.
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Elon Musk's tweet from Burdwan is hindering real traders from doing business. Because they do not understand the market well. At the same time, different news statements create tax situations. Which is not well understood by real traders. However, the value of bitcoin has been declining for a long time. Many blame Elon Musk's tweets as the reason. But I don't think so. Again this year the Doge has gone to the moon. This can be attributed to Elon Musk's tweet. From this it is possible to understand that many rich people follow.
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The problem is not only that Elon Musk tries to manipulate the market, the problem is the people who follow him and believe all the words in each of his tweets. If each person made their own decisions and had the ability to think for themselves, nothing that is happening would have happened. But it seems that in this world asking people to think is crazy.
Yes you are right If no one follow their tweets then No one can handle crypto market.
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The bull run is still very strong, tho the news of Elon Musk dumping bitcoin for Dogecoin was trying to create a FUD in the crypto space but we should all know that one person can't control the market tho he can just cause a slight dump in prices by dumping all coin he had in his possession but believe there is still a mass of crypto lovers who will always wanna buy every deep there see, imagine Tesla selling all the bitcoin there got, prices dumped but it's bouncing back again, Elon Musk doesn't control this market.
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I agree that Your Question is correct, But you say that Future of Crypto currency depend or follow of Elon's tweet and for this question i want to tell you that, now the Present crypto market 70% depend of Elon's tweet, not Future market.
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The cryptocurrency market is extremely volatile. As a cryptocurrency newbie, I am somewhat lost on what to do next.
The crypto market is back to green, but who's to say for how long?
Will BTC break past 50k? Is Doge going to the moon? What are your thoughts regarding the matter?
Really, nobody can tell you what will happen to the market and if you feel ok with DogeCoin then you can invest in DogeCoin but I do understand in times past when the JP Morgan dude said trash about Bitcoin, I believe some people felt the way you are feeling right now, not knowing what will happen next, but now we know that Bitcoin can come from any depth to a new ATH and this is not going to be any different.
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Because the first Elon Musk has pumped up the price of Doge and BTC due to his large investment in these two coins. But we shouldn't have to follow what Elon Musk said, because every effort that Elon Musk does is solely to increase his own profit.
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Will BTC break past 50k?
BTC already passed $50K, the price even almost reached $65K. I think the price of BTC can improve again to that price or even more than $65K. Now, the crypto market is in the correction phase, we must wait for the time of the next pump. I am sure the bullish is not over yet.
Is Doge going to the moon?
Doge is already going to the moon. You can see the current price is much bigger than the previous price in the last years. Be careful to hold Doge for a long time, I think the price is already on the top of its increase during the bullish season.
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@Prime I think for Elon Musk cryptocurrencies are like cows, you can milk them while they give milk (money) and if at some point something goes wrong you can make them burgers and use another crypto/cow. What I mean is that I wouldn't be surprised if Elon Musk or Tesla found some irreparable "flaw" in Doge and also stopped accepting or using it. The manipulation is enormous, the brain of the majority is small.
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Because of his tweets, I truly lost my full respect to Elon Musk no matter what his credibility is in the past nor his inspiring stories. Reputation is hard to build for years, only to lose it in just minutes in the crypto side (not his Tesla, SpaceX business or so). Even that there are others who defended Elon Musk on not being the reason behind this crypto bloodbath, he still played a part of it, and I don’t like that he manipulated the market for just a single tweet or statement.
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If we talk about mining and bitcoin development, it is undeniable that bitcoin is the most valuable asset in cryptocurrency and not a single investor will reject it, because they will not reject any energy source in cryptocurrency.
If you look at Elon Musk, the problem is not only that he wants to manipulate the market, but the problem is people who trust and follow every word in his every tweet. So everyone, traders and investors must have the ability and be able to make their own investment decisions. Don't just be careless in investing.
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Elon Musk really has great power to influence millions of Crypto communities in the World. What he said really had a very profound effect, in fact it didn't have to happen ... But that's the truth, now Elon Musk has become a price regulator for Bitcoin and other coins too.
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I think Elon mask and Tesla loss their respect now. His tweet will be no longer any impact on price of cryptocurrency.
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Currently with the little experience am having I believe if Elon musk continue like this the future of cryptocurrency won't be really good because cryptocurrency is going to be controlled by billionaires which is a very bad idea. Bitcoin will be pumping and dumping which is very bad and won't really allow bitcoin to move well.
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The cryptocurrency market is extremely volatile. As a cryptocurrency newbie, I am somewhat lost on what to do next.
The crypto market is back to green, but who's to say for how long?
Will BTC break past 50k? Is Doge going to the moon? What are your thoughts regarding the matter?
Here we only have technical analysis and no one knows the future price of BTC and Dogecoin, but if you look at the current price decline situation, Bitcoin price has fallen by 53% and this situation is almost the same as the decline in the price of Bitcoin in April-May 2018 by 63%.
Back on your topic? Elon Musk is just taking on the role of an Investor and influencer who spreads the FUD so that he can take advantage of buying more BTC at $39k, panic selling has occurred for 1 week and now BTC is trading at $41k.
will BTC touch price level $51k ? I believe it happened again before the ethereum fork took place in July, let's see buddy
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Currently with the little experience am having I believe if Elon musk continue like this the future of cryptocurrency won't be really good because cryptocurrency is going to be controlled by billionaires which is a very bad idea. Bitcoin will be pumping and dumping which is very bad and won't really allow bitcoin to move well.
The future of cryptocurrencies will not be dictated by Elon Musk or anyone else. The future of cryptocurrencies is decided by the community, supply and demand. I'm sure that before doing something similar now Tesla and Elon Musk would think about it a lot, because they know that the whole world would be on top of them, and that can negatively affect them as a brand and as an entrepreneur.