Bitcoin Forum

What's gong on?

Yeah I was just watching the pump! Over $5000 gain in about half an hour.

I don't know if those redditers pumping stuff moved from gamestop and dogecoin to bitcoin tonight or what. But that is a crazy pump happening.

Here you go: https://bitcointalk.org/index.php?topic=5313053

I have caught the price a few hours ago that it became $34k and then dropped a bit in $32k.

It is surprising and shocking to see it pump. I wouldn't notice it pumped until I've seen your update.

The dogecoins pump is probably done and people are taking their bitcoins back.

Nothing special. It's just Bitcoin being Bitcoin. Bitcoin market is not stock market. In bitcoin 10% spikes or dumps are not that unusual.
And I don't deny that I love more the +10% movements than the -10% ones.

Keep in mind that the day is not over and anything can still happen.  ;)


Edit: It looks like Elon did his part too in this. https://twitter.com/CoinDesk/status/1355086328120160256

I am not too surprised but cannot take my eyes off these waves.  to be exact, bitcoin broke out from 31k9 ~ 37k.  It is not the greatest thing with bitcoin that I have seen, but this is really good to see in life.  you should admire this storm.
bitcoin helped the market to activate the crypto-map green mode.

This is the longest and fastest up going green dildo I ever seen. Hopefully it's not some kind of Wallstreet revenge.

Obviously Elon Musk is part of this 30 minute bitcoin rush, really so influential in crypto he's the father of all whales lol ;D. Adding Bitcoin in its bio, which is the current trend, will bitcoin experience a significant increase like DOGE last night?

I hope this happens.

Can we say then that Elon Musk is the reason why Bitcoin is up now :D.
Then in the future if he will remove that Bitcoin and his BIO and it dumped, it will be his fault again :D.

It might be that Musk has an effect in the recent spike. It can be the GameStop drama too coming from WSB. For me, its just Bitcoin doing the old things. Nothing unusual here for me.

Possible chances because the price went like 10% up in 30 to 45 minutes like what happened with Doge last night but we can't expect 400% bullish for sure  ;D

I personally don't think it has something to do with Elon Musk tweet.

Remember that billions of bitcoin future contracts has expire or will expire this 29th, and I would say that base on it's previous history, after the expiration, the price usually spike so for me this is just the case. History just repeating itself. In any case though, it's good to see btc reaching $35k-$36k again.

Why every time there is a increase or decrease There must be a Post coming ? Don't you Know what volatility means? and this is a normal process in this market for years now.

How many times do the market needs to Pump and Dump before we finally realize that this is a common ?

Yes, it could be the reason behind it.
Looks like a lot of big investors are following him so badly that every direction he went will be their path too.  ;D
I am waiting for Doge too. It could be soon.

Damn, and I sold some just before that pump for my monthly groceries.  :'(
I hope I could make it at the right time in my next withdrawal.

I'm a noob chart watcher and that shocked me. I'm sorry :Z

Its truly amazing what a simple Bitcoin logo in a twitter profile can do.  Just think if more high profiled people did this same thing what would happen with price. 
It doesnt hurt that he also has 44m twitter followers waiting to see what he will speak of next.   
Elon musk has the capabilities to shake up the economy with a small action like this.

So we are in the FOMO again because of Elon Musk? Or someone mysterious from behind are working their magic again in pumping the price to $40k-$50k? But it's about time that we go back to the super fast rally that we have seen up to the first week of January. And for those who are shorting bitcoin, I think they are caught with their pants down again resulting in getting REKT by the sudden upward trend that could carry to the next month's massive pump.

The price today tops at around 37800$ but quickly fallen by 2000$ as well. Some crazy time going in the market as again it has started to move upwards and reaching close to 37k. Time for speculators to make some quick money today with this kind of volatility which is perfect for them.

I got the chart of it here

https://i.imgur.com/xB5IKf7.png

This is really volatile indeed. I'm sure many traders took profit and some lost too.  ;D

In calculation from the chart is

$38,051 - $31,963 = $6,088

Wow... $6,088 is huge within the short time.

Besides making a profit from dogecoin, we can also profit from bitcoin, which increases again after its stays at a lower price. We thought that Elon Musk adds bitcoin to his profile, so people interest and buy bitcoin as soon as possible. But I am sure there are many reasons behind that, making bitcoin price suddenly get a pump. If the situation can still like that and have more buying orders, the price can increase more than the price now, and bitcoin will have a chance to back to $40k in the next month.

Yes you will if you sell doge coin when its price touched $0.08. The altcoin price movement is so volatile than bitcoin price movement, just needs a few hours the price just comes back to the price where it starts to increase. Especially when you are a future market trader, you have to trade on a low time frame because when you use a high time frame I don't think your psychology will think using a rational brain.

Elon Musk's tweet alone will not be enough to keep bitcoin prices at their current levels. There must be a driver so that every investor believes that the bullish market is still holding out and is able to push prices higher. And maybe I am still curious and doubt that the price will continue to rise, the monthly candle will form one more day, if this month's candlestick forming bullish engulfing then there may be many opportunities for the price to go even higher.

Pumped by billionaire Elon Musk? For sure it is looked at the bio of his twitter account that bitcoin logo is a sign that he is buying bitcoin and the effect of that bio in his twitter is really surprising an almost 15% increase in an hour that may possibly bring the btc price into new target and it is the $50k incoming .

Try to get to $40k first and see how we are going after that. If we can sustain another run then yes, probably incoming $50k. If the whole Elon Musk shilling scenario died down after 36 hours, closing the candle then we might see the pattern again of dumping after reaching a new all time high above $40k.

In any case, we can make another run this February, we have a lot of room, four weeks and see how the price will go to $50k or higher.

Not enough I guess to conclude that the market is now again in a bullish run. If this would last for a week then there is a chance but if the price will again fall in a sudden, we cannot do anything about it other than  to be patient with things in this market. But I highly doubt this one, such high rate of increase to conclude? that won't be valid. But if you really do think so, then you are free to make actions regarding your analysis toward this market or technology in general. But if you will base on its nature, there is a chance for the price to again fall making this increase, a temporary one. So for now, it would be better to wait than to conclude as this early.

One of the primary suspects was Elon Musk and suspending Binance from withdrawal by their users.
Based on this article said, "Elon Musk mentions bitcoin on his Twitter, after which the coin goes up by 20%" (https://bestchange.medium.com/elon-musk-accelerated-the-growth-of-the-bitcoin-price-and-the-binance-crypto-exchange-temporarily-39a5b82c1c59).  So, we can conclude that this dude (the richest man on earth) has a very influential person for most investors, and probably he is a part of those big whales who holding a huge amount of Bitcoin, who knows.

Not only Bitcoin, as we can see, also Dogecoin was pumped recently right after Bitcoin was been spiked.  I suggest holding your asset as long as you can because I have doubt that the price will make another ATH again and break the $40K price.

Break of a downtrend in play over many days, through the weekly.   It figures its a big bar, Im not sure if it really relates to any news as many stories can be associated or with good volume appearing.     The recent lows were the monthly average and it did not fall below that and similar 50 day so its once again in a loop reworking prices in this area.

https://talkimg.com/images/2023/06/12/Ar1FG.png

Looks like a combo of things. The main thing it seems is that when Robinhood was shutting down trading on the stuff the redditor wallstreetbetters were pumping these people moved en masse to Coinbase, as I've seen being reported today, and pumped Bitcoin.

Combine that with Musk's #bitcoin - as we have seen millennials seem to have a bizarre allegiance to Musk and pump something anytime he tweets or makes reference to any investment. (I love his companies and his vision but this allegiance to pump any investment he just mentions is nuts haha)

There were also a ton of options expiring today, which was going to cause a short squeeze today as people were trying to short in the low 30s and high 20s. I would bet that some of the folks who had shorted Bitcoin and were about to lose money today anyways saw the pump from redditors/musk-followers and bought back in last night to hedge the money they were about to lose today on the short squeeze.

Then of course on the pump a bunch of traders piled in to get in on the pump as well.




What will be interesting to see now is whether institutional buying picks back up. Looking at Grayscale, after enormous record setting buying in the middle of the month after Grayscale opened back up its Bitcoin fund, buying then died off once the double-spend fake news dropped bitcoin through support levels and institutions seem to have taken a wait and see approach since then with Grayscale inflow now at a tiny trickle, as several prominent Wall Streeters have claimed the bull run top is in and Bitcoin will be at $20k soon or lower soon.

Now that this reddit/Musk driven pump broke through a ton of resistance it'll be interesting to see if these pumpers dump or not, and if institutions start coming back in after the slow past week or so now that the price is back up and the possibility to see further sub-$30k prices seems to have possibly entirely evaporated. If the pumpers don't dump and Bitcoin can hold at least $35k through the weekend I think we'll see institutions start coming back in next week. At which point like a self-fulling prophecy Bitcoin will start heading towards new ATHs because institutions and retail market believes it is heading toward ATHs.

The flip side of course is that all these redditors dump Bitcoin and it heads back to low-$30's and institutional buying stays low and it takes a few more weeks to build back up out of this correction and back to new ATHs maybe a month from now.

Hopefully this redditor/musk pump broke the back of the correction and it doesn't dump and we see $40k and ATHs against in the next couple weeks!

A lot of celebrity endorsements suddenly. I’m waiting for the MrBeast video where he does some sort of Bitcoin giveaway video. I imagine the delay is in thinking of a creative and entertaining way to do so that his audience can understand and enjoy.

I think it's a natural phenomenon which occurs everytime and users relate it to some other events like this recent pump would be credited for Elon Musk's tweet. But there has been so much of institutional investment pouring for bitcoin in last few weeks and it was under correction period hence we are witnessing pump now. Those who invested due to Elon Musk's tweet will not stay into bitcoin for longer run but institutions will do. We might see either Bitcoin crossing $50k or falling back on resistance support.

Whats going on? This had been a typical movement that you can see on this market.It can swing up its price 3000-5000 or more in a short duration.

If you had been on this market of years already then you wont really be got surprised into these movements without even knowing on  whats the reason behind of such pump.
You can just say  that there's really a demand behind such movement.

but if you do make out some research then you would find out these kind of sentiments.
https://cointelegraph.com/news/world-s-richest-man-elon-musk-boosts-bitcoin-price-by-20-is-40k-back-in-play

Elon Musk is known to troll the cryptocurrency market for a very long time and this tweet is in the same category and he is not doing this to invest and make money, he is not after money from what i understand from his speeches and he sold all of his properties including his millions of dollars worth of mansions even though he is a billionaire he is staying in rented property.  
The price rallied in a short span after his tweets, but how long this will last can be seen in a couple of days.

Big chnce that this may happened as this billionaire investors are now showing his support for this system. With so many
followers and supporters the reactions shows from how fast the market increases in value, it's not stopping from there
expect more from institutional investors that might follow Musk from this journey.

lol to the people saying nothing caused this its just normal market volatility.
Probably the same people saying the double spend crash a week ago wasn't caused by the (fake reporting) double spend panic haha. ;p


Institutions are sitting on the sidelines right now, and have been ever since that double spend crash a week ago. They are now in a wait and see approach, waiting until the market makes a clear sign its going up again in a stable way. Last night was redditor/musk-enthusiast driven pump which is now dumping. Anyone who's been in crypto awhile knows last week and last night's big movements weren't normal market volatility events but rather last week was driven by the fake news of the double spend and last night was driven by the shenanigans of the redditors pumping stocks moving to coinbase after Robinhood shutdown buys on the stocks they had been pumping and perhaps as well musk-obsessives buying after he hashtagged bitcoin on twitter.

Sometimes market forces aren't mysterious. Sometimes we get clear and obvious reasons like they have been in these two instances.

Obviously the pumps is showing positive trend that in future days there would be a huge demand coming. The market was unpredictable right now, and as previous decline provides more opportunities which actually attracts more incoming investors and divert with bitcoin. Emotions is now taking back, so don't lose your grip on it and move forward; strive harder for success.

Elon Musk brought bitcoin to the moon for awhile... don't worry we are back, bitcoin is trading now at $34k.

We have some lucky people who sold that time for a quick profit, just wait for the next tweet.  :)

Look completely artificial. It takes so much to deposit money on exchanges that it just couldn't be a spontaneous reaction of new buyers or institutions coming in. It had to be speculators who sold with fake news about the double spend.

It's funny but the whole thing deflated just hours after the pump. A short squeeze followed by new deposits from people who did not get to sell before the crash from 35 thousand last week?

It was just a simple tweet of Elon Musk that brought Bitcoin suddenly to the moon, what's more if he actually buys Bitcoin?

That's just for a short trip and I guess lots of them are getting profit already with that price and we are back again to normal.
If there's nothing next to that move then, we might actually gonna see the previous price movement again or even below $30k before we reach to the next new ATH.

It was a good sign that there are still more good news coming in the next few days or so.

whats going on? Did you not read the information on social media, Twitter and even telegram ?,
Bitcoin price went up due to 2 factors, the first one to form a bull flag and managed to stay at $ 29900 support,
and the second tweet by Elon which made the Bitcoin price go up, of course this is special how Elon gives color to the cryptocurrencies,
Doge and Bitcoin that he is always promoting, yes i likes him.

I am afraid that will affect our psychology because trading can make us tired and feel bored. We should think about how long we can trade, and we don't have to force ourselves to do future market because we lack information to that trade. We better make regular trade on the market because I think with doing that, we can still make a profit daily or weekly.

Even if Elon Musk's tweet cannot keep bitcoin prices stay at the current price now, people can still buy bitcoin before the price increase so high. If they are late to buy bitcoin, they will regret it, and if they want to buy bitcoin at the current price, they should accept that the price can go lower or upper price, so that can make them worry if the price is down. But I am sure the price will increase higher in the future, giving us a big profit again.

No, we cant directly give credit to Musk. Exchanges were high in liquidity due to dodge pump. As soon as Elon changed its bio, whales shifted the liquidity to BTC resulting in approx 40% dump in Dodge and 15% pump in BTC.

It was either the options expiry which happened right before or the Elon Musk bio change. The bio change is more relavent because it was minutes apart when the pump happened. This is basically equilvant to the Xi pump back in 2019 however I don't like how the entire pump pretty much retraced. This points to signs of a weak bull market.

This is similar to what happened in Oct 2019 with the Xi pump, it was the largest candle in BTC history however price eventually engulfed the entire move and went lower. And we were trading sideways more months and that $10K resistance was tested twice before it finally broke.

So hopefully we start to go back up from $33.4K area or we will most likely go back down to $30K and this time it will break and we will be in the mid $20k's. I am getting a little bearish at this price action.

The monthly candlestick is showing a rejection pattern more like a pin bar, an indication of price reversal next month however Bitcoin in most cases defies any form of technical analysis because fundamentals drives the price of Bitcoin  meanwhile I don't subscribed to the notion that Elon Musk's tweet was responsible for the sudden pump in  price of btc, if his tweet was responsible for sudden massive investment then why the rapid dump again? the price should have continue to pump and rally up with more investors joining the train

That could be one, but since there's no certain reason for the pump and the Elon Musk bio change has been perfectly timed minutes before the pump, so that's the reason why a lot of people are pointing the Elon Musk tweet as the closest main reason for the pump, including some of the articles.
However, we all know that pumps and crashes doesn't only focused on one reason, but there could always have the major one.

Big people make big waves! +40M followers is a lot, and I am sure when he added Bitcoin in his bio, and tweet about how it was inevitably affected some people to buy more, and some to buy for the first time! Of course as you say Oasisman, there are probably many other factors, but this can be a trigger! After all the time frame is really crazy, the moment when he did that and just after 18 minutes the price started moving up like crazy!
Well it's down again! Crazy times for crypto and all of us involved, I wonder what we will see next...

I was watching it thinking, "yep, this looks real sustainable." Nice pump, but trying to force a breakout with market buys like that usually ends in tears. Not surprised at the full retrace. There was lots of latent supply that wanted to sell at those prices; the orders just weren't on the book when the market buys occurred.

Lots of sell volume in that daily candle. And the move from the lows didn't look impulsive. I think this might troll around a while longer, and we might still get a real capitulation into the $20,000s eventually.

I don't know if Elon Musk really started this increase.

The price is not at $33K but it reached up to $36K which I thought would straight fall under the $20K price mark. Maybe this is just an increase since we all know how the market move right now but one of the reasons right now is the tweet or hashtag of Elon Musk talked in this thread: https://bitcointalk.org/index.php?topic=5313053

Buying for first time after twitter bio update and leading it to raise in price is logically not possible. Making a new account, verifying KYC takes atleast an hour or so.
Musk do influence alot of people , so yes people already into crypto might have bought more after his actions.

Indeed this might not be the main reason for the pump but I pretty sure that this was a trigger. Imagine Bitcoin is just sitting for about $31k or something but when the news started to outspread, Bitcoin suddenly goes up while Dodge starts to dump as well this could only mean big investors and whales do really liquidate on BTC. But maybe this could be the only reason because there's no big news besides on it that could make Bitcoin move in a single amount of time.

It's not a coincident he really has a part of the pump because it happens hours after his tweet and Elon is not an ordinary investor, he happens to be the richest man now, and what he says will have a big impact on the business industry, I hope we'll have another round of tweet for another round of pump.

Well, the price didn't "dumped" that much because we were around 31k price range before that pump and we ended up with about 34k or so, sure we reached to 36k-37k levels and that is great but at the end of the day we have come back to having still a higher price. Elon Musk did had an impact on the price for sure but not the whole thing, I just think he lit the first fire and fuse was lit but the thing that explode was the real traders and investors and that is the biggest reason.

Sometimes we need a bit of money helping us time to time and when there are a group of new people who invest enough to buy thousands of bitcoins and change the deal very much, that would result with them helping us get over that small hump we are stuck at and end up with a higher price all our own if we want to after that as well. People need to realize we could use some of that help.

Significant or not but since it do able to react when he made out that tweet then it does shows that this market is really reactive on what those big personalities do really say off.
We cant deny that this man is a rich man and capable of investing into something and if he shows up interest in bitcoin then that would really be a probably a sign that this
market will really be dragged on to new heights if he would invest and that way people do really react first and wont really be tending out to missed out the train.
Typical market reaction specially for people who do always look out for fundamentals but overall speaking of movement on 4k+ in under 30 minutes isnt something
rare that you an see into this market.

Nothing much went on, bitcoin has always be what it was meant to be from history, we have seen similar situations like this when the said bitcoin will rise and go down but this time the social media attributed this pump to Elon Musk. Although he tried in dogecoin but can't see reason why he's be accorded the reason for bitcoin 30minutes pump.

As much as I haven't really bought the options expiry theory, it's hard to ignore the consistent and consecutive correlations (price rushing to fill the gap especially). In both cases (bio or options expiry) the retrace is usually as heavy and sharp, so no surprise there.

Like you, am expecting some blood some time soon. The sub 30k tests we've had already have really been weak ass.

It wasn't as heavy though, price was around 32k levels and moved to 38k levels and tracked back to 34k levels, same with doge, sure it is a "small increase" in theory but the fact that it didn't dropped as much as it was is the key point here, which means if we could really work hard for something a lot more frequent than this, and end up having these huge increases back to back, like weekly, we could potentially break over 40k in a month.

However this happens very rarely so usually they are null point, so what if price increased, because it does this huge spike and less drop like every 6 months due to someone or something major and that means it is not important. Hell we had bigger increases all for regular increases, nobody or nothing really made us buy it, we just bought it because we thought it would go up, that is the key here and we need that.

I'm also leaning bearish myself. Full retrace from $38K and failure to retake the technically significant $35K level....those are typical bearish signs. To boot, we never saw a high volume capitulation in the $20Ks. Like you said, just weak ass tests. The market may need to truly flush out top longs and weak hands before the bull market can continue. There just isn't excess demand at these price levels, not right now.

You can't hold the pump nor the dump to come out. That is how the market works and so many factors affecting it. And it is very simple, we have to go along with the flow as we are not in control of it.

From $10k, jump to $20k, $30k, and finally stops at $40k plus. That is very surprising and not all of us are preparing for that. And yet, who knows that by tomorrow we dump at $30k or $20k?
It is very unpredictable, it only makes us crazy if we keep watching on the chart and tried to catch what will happen next.

That's really all there is to it at the end of the day isn't it? We buy because we believe it will go up. Although, I sell because I need the liquidation in cash, not because I believe it will go down. When you think about it, not everyone who sells believes it's going down, more people sell because they have to, than buy because they have to.


Yeah, still early days and it really doesn't take that much for weak hands to reveal themselves. We will need some serious bears to dust themselves off and get serious about forcing Bitcoin to find a floor though. No one's committing anything is why we're not getting any strong signals yet.

I admit that there is indeed a connection between Elon Musk Twitter bio and the Bitcoin increase that occurred for 30 minutes, although finally
the price of Bitcoin is now down again to a price of $ 34k. But we all know that Elon Musk's influence is big enough to make the Bitcoin price
suddenly go up. Now the Bitcoin price is trying to go up again, because several times the Bitcoin price has tried to get past the $ 34k price.
Hopefully the Bitcoin price can really go up again this week.

I have always found that a very logical argument for selling. For example my mom had a health scare back in 2018, she was scared to have a heart condition, thankfully nothing came out of it but I had to cash out almost 50% of all my bitcoins during that time, paid all the hospital bills and if I kept that now it would have been about 50k dollars, but at the time it was like 8k or so, I have missed out on 42k profit because of it. However do I feel regret? I certainly do not, because I needed to do that, and knowing that my mom is healthy and doing fine right now (except for a minor hernia which is really nothing compared to heart condition) that is worth more to me than any amount of money.

If you "need" to sell because of a reason, that is fine, and that is what I do, I buy because I think it will go up, and I will only sell if I need the money and not because I believe it would go down.

Yeah, you are right. I think he really contributed at that pump.

Because of that hashtag, it pumped. I don't even know how that invited more people to invest since just one hashtag made the price pump. I guess we can say that he is really influential and been followed by a lot of people that might be interested in some of his investment ventures the same with investors in his company.

Honestly if it was only because of Elon Musk, we wouldn't have gone up that much, just because he wrote that do you really think we have 100+ million dollars worth of followers buying bitcoin from the market? I doubt that honestly. However the price is still above 35k+ and that is the important part here, we should be focusing on that if we want to see what happened.

I do realize that obviously Elon did started it, but just because he started it doesn't mean that all of it was thanks to him, it was only the first few percentage was thanks to his followers and then it became a whole another thing of its own and that is why we are not seeing any drops anymore, we are just focusing on the 35k+ and we are probably going to even see 40k+ while elon is doing nothing. Bitcoin people should realize the power they themselves have and stop giving power to other people.

Interest to ride with his fame and we witness the after effect.

Elon Musk just use the hashtag and the price went up instantly, the correction that most of the investors fear to lose money just bounce back and provide another jump, those who manage to hold and buy more while experiencing the downfall are really gaining decent amount of money right now.

Think of it like a snowball affect because that's what it is. If you stand at the top of a huge mountain all covered in a snow, if you throw in a small snowball and roll it down it will get bigger and bigger and bigger. Obviously that is just Elon musk, he shared something and that was the first snowball that was rolled and it was a small thing but after that everyone started to buy and share and tweet and retweet and hashtag it and so forth for a very very long time and suddenly we look at the price and we see that price increased over 38k. Now that is not entirely thanks to Elon musk because others were part of it, but we could say that Elon musk was the first one to start it.

Yup! I mean, I love "being in Bitcoin", earning it, using it, whatever, it rocks my boat. But I still try to remember it's still experimental. Looks really successful so far, and long may that continue to be, but at least if it ever goes to zero, spectacular crash, whatever, I'll at least want to look back and say the experiment did me some good. Paid for bills. Holidays. Made me look cool, whatever.

So maybe we've got to end up spending 50% of our stashes. Maybe when Bitcoin goes to $1 million, we miss out on the big pay day but it's all that using and spending and selling that helped get us there, right?

No doubt man, if we miss out we miss out, I already missed out on so many increases and I am totally fine with it, I paid few bills as well and like I said some emergency stuff, but I am really not that bothered by it. I do not buy bitcoin that is my thing, I earn it and that is why I can either spend it if I want or I could keep it if I want, it is all my personal choice and I really do not feel any attachment to it in an emotional sense.

It is experimental like you said and I think I am already hole and can say that I made all I can make from it, if I have to quit work because bitcoin crashed and go work in a regular job I would be fine with it too, obviously I rather keep this one going as long as I can, until I die, but if I can't, I am totally fine with it as well, I just do not see the point in people acting as if everyone has to hold forever.

Let the others do the spending,  we can help to make it happen if we continue to spread the good news about bitcoin. Me either, I'm limiting my spending, before I used to gamble a lot using bitcoin but I realized in the 2nd bull run that any price is possible and I don't want to miss the next time it will reach to the moon.

1 BTC  = 1 million usd, I think it will take time but it will likely happen.

Yeah, that is true.

I think we can say that he can really make these things happen because he's Elon Musk although isn't he the one that benefitted from all of this? I mean it won't be that high in the future and for sure, we will be having some price dumps. Still, thanks to him more and more investors would be putting or investing into Bitcoin or maybe other cryptocurrencies as well since as far as I know, he's also into Doge.

Didn't really get what I said earlier, I guess. Even Vitalik Buterin claims he had to spend 50% of his BTC in the early days, and he had no second thoughts.

We don't make things happen by "spreading the good news about bitcoin". That's what altcoins do and it gets them nowhere. You give Bitcoin value every time you use it.

I think we do make good things if we just spread the good news, that is not really something bad, but we are at a stage where "good news" is already heard and we just need bigger and bigger names involved in order to get more attention. By comparison let me explain it this way, when bitcoin was around 10-50 dollars, only few percent of the world knew what it was, probably under 1% as well, but right now we are at nearly 40k and everyone on the world heard of it, not everyone has bitcoin, there is only a small portion of people still holding bitcoin but everyone at least heard about it.

So, "spreading the good news" may not be something we can really benefit from today as you might imagine. However there are still some ways it can be done, like grayscale going in with 10+ billion dollars is actually good way of spreading news while also buying, if I bought 10+ billion dollars worth of bitcoin it wouldn't be the same. So we can still have those but different ways.

Never said it was bad, but if all people ever did was hold and spread the good news (I'm beginning to guess that's what a lot of people here do) then you don't have utility, and you don't have demand, and you don't have growth in fundamentals.

The biggest educators and proponents used it as much as possible, how else do you get adoption? Getting everyone to have and hold and never use is like... well. Bitconnect.