Bitcoin Forum

we know that there is ups and downs in the market. But this time market correction not come yet.

Due to elon mask entering to this market so big bear market not come unlike 2018 jan ?

Not just that.
It helped boost the Bitcoin market but it ain't because of him that the market plunged.

I think the people are seeing the importance of cryptocurrencies now.
It is the future, no doubt about it. Even Musk risked his profits for it.

after adoption of payment to testla, if i pay 1000usd in btc ..  if btc prices go down testla loss. but if increasing tesla get profit get from increment too.

Now that Tesla invested in bitcoin and more famous companies are rumored to invest also bear season won't happen anytime soon. Bitcoin is much more stable now and won't crash that hard unlike what happened in 2018. Some altcoins also are reaching their new ATH. Market correction is normal but this time I don't see it to dump that hard like bitcoin going below $30k.

I know that many or all of us are scared for that to happen again. But it won't hurt to take profit if you're already at gain. We should already learn a lesson from that experience.

It might be true consider we have no institutional investors a few years ago but this time it's a bit different. Crypto has been starting to build the fundamental support since the last dump and this time the institutional investors have been making it even stronger than before. More and more institutional join in crypto and that will make the old trend will not repeat again.

We have passed the date when the bearish market has come in the past.

That is likely to happen when someone, an influential person talks publicly. He did the right thing for me, everyone who is investing in crypto making the benefits out from this and they are happy the way the market hypes.

We can't stop it now, Bullish season has come stronger and stronger. People are now buying more believing that $100k will be the next ATH causing the demand to tend to go higher as well. I do respect dumps but that was a shortcoming and at the end of the day, it will turn back high again.

And who said how quickly and when the correction should come? A bull market can last several months or even several years. It's true that Musk's behavior made cryptocurrency market much more active, but he started doing it during the bull market. I'm sure he couldn't have done it at the bear market.

We'll see what Elon Musk does in the coming days regarding Bitcoin, but the fact that the richest man in the world wants to become a Bitcoiner is a good thing. With 44 million followers on Twitter, Elon Musk has a big influence in which Bitcoin and its holders will surely benefit. Also, It will be a great thing if he uses his aura to help as many people as possible to truly understand the liberating power of Bitcoin.

I will say that the situations will be different in 2018 as this year we see more companies invest in bitcoin, which can trigger the other people to follow what that company did. With Elon Musk paying attention to crypto, especially for bitcoin and dogecoin, it boosts bitcoin and dogecoin to increase, and people are investing in both coins. Perhaps, it is easy to influence other people to follow the step if we have power, and Elon Musk success to do that.

The market correction itself already comes to us, and we already see the price, whether bitcoin or altcoin price was up and down many times, so we can have a chance to make a profit. I guess this situation will be like that this year, but we must still be careful with anything that can happen.

it just hasn't come. I believe this market will undergo a correction. If you have been in this market even before 2017, you should also know how to market experience moves. The market is currently at its peak but won't erase any future corrections. the crypto market will always be like that.

Everyone questioning Bitcoin and other cryptocurrencies lately. The possible scenario of 2018 scares everyone. The huge buyout of Elon changed sentiment in the market. The increasing price will urge other public companies to invest in cryptocurrencies soon. Literally, Elon rescued cryptocurrencies from falling. It will be a precedent for many other companies.

bears will definitely come, but not now. therefore always be prepared for this possibility. although crypto now has good fundamental support, the current market growth feels like a big bubble. so one day it will definitely break, and this will create a very big bear. so if there is a correction later, it is better to be careful. because it might be one sign that the trend is over.

In 2017, the bull run was then led by retail investors or by the people like you and me, and consequently it was not able to sustained it through 2018...then we experienced the excruciating crypto winter pushing people to question their involvement worth cryptocurrency. Now, the coming in of the big investors changed the whole game. They got big money, and they are here for the long-term. No more weak hands, as they say. Elon Musk has just become the very symbol of these big investors who are getting into Bitcoin. And there can be more in the next months of 2021.

It may come but the possibility for the big bearish trend to happen is really small right now at least it may come but for this year maybe. Bitcoin and crypto have been starting to get massive adoption from all of people in various countries.
Elon musk has been creating very



It's not only elon musk but this time crypto started to evolve to be even mature than before. There are lots of working product and less BS projects in the market.
That was also attracting people to come in the crypto space too.

Although Bitcoin's market usually has patterns, institutional investors are joining now in a domino effect. Expect irregular market moves since right now it's the rich moving large bags of money rather than the people. A bull run was expected by many in 2021, so what Musk has done is.. he probably just sparked the heavy bull run!

I think even though the market correction is coming, with the influence of Elon Musk I don't think things will be as bad as Jan 2018
we all know about him right? and also the influence he will bring to the market

Yes, and maybe for now there are not many hopes for a Bear market like 2018, because some people will feel sad when they remember the market conditions that year, so they still enjoy the current market conditions even though the Elon musk mask has not disappeared.

It’s not exactly like that. Users change it, which means traders who follow its call.

Elon Musk, not Elon Mask.

In bull market of crypto, you will see more news and more lightning news from some big guys. They can come from the cryptocurrency area or from no where. I remember that John McAfee made many tweets years ago and shilled their shit altcoins. They were pumped after tweets from McAfee and there were a time when people followed McAfee's twitter account and waited for his tweets.

Elon Musk did not change the crypto market and his tweet, Tesla investment, Telsa future plan to accept bitcoin as payment method to buy their products have temporary boost on the market.

Ain't today but can be soon, we never just know when. But it was not only Elon who did this, other factors are because many companies (not connected to Elon) are buying Bitcoin now for future use. It is so-called market anticipation, institutional investors are now moving to crypto, they accumulate more, inflating the price, and they are hyping the market.

We can expect more price change as the demand keeps increasing. Bullrun still on the way to no stopping.

I am sure that Elon Musk was behind crypto currency from long time that will help now because the Elon Musk was a world richest man so comfortable people are following him now and further also and I hope the crypto market will be going to rock in coming days.

Tesla's recent investment in bitcoin will be a trigger that the market will remain in a bullish state or at least become more stable despite the correction. Other investor will be affected by what Tesla is doing at this time. I don't expect the bullish this time to be a bubble that will burst any time. Whatever you think about the general state of the bitcoin or cryptocurrency market then rest assured there is always a risk. You have to be a person who is always careful with everything that involves money. Trading and investing are ways to make a profit, but it will also cost you money.

Bear market is not going to be on Elon Musk we know that he has turned the market into a bullrun in a few weeks because of his tweets, I also see some important people on twitter have responded a lot to Elon Musk's tweets so the market has now gone through a big change with their beliefs as well as their intuitional company is now more adaptable than just hearing other news, so I think this can also be a reference where we should look ahead with a little correction.

The point is that in the cryptocurrency market it can happen, like 2018, it will be even stronger. Other investors don't listen to bad news, sometimes here our mentalists are not strong enough to hold the market more secure.

Elon changes everything, he changes how people look at crypto, I think people are ready to embrace cryptocurrency if one person like Elon shows up, people are hesitant in the past years because billionaires like gates and warren say bad things about it, as people will believe them because of their popularity, and now a billionaire says and will accept crypto, this has now boost crypto-economy to a new level, also its the perfect timing for crypto, since we are still in the pandemic.

Impossible!

A market would really be composed of pump and dump.We cant just see for a market to rise up like forever even though Musk had joined the game
doesn't mean that it will be guaranteeing assured profits.

Just cherish while it last because these people didn't dive into this market for nothing.Always think that there would be always a
profit taking scenario.We just don't know on when it would happen.

Why we always think negative. Correction is the part of the market if Some other big influencer jumps into the bitcoin market then what will you say. Don't you think the market will boom more? I am optimistic Even we can expect more bull market ahead. Before entering Elon into this market there was no sign of a bear market though.

It somehow delayed the market crash that happens just be Chinese New Year, BTC price is now crumbling down slowly and we are still a day before CNY. A lot of people jumped in and even BTC reached its new High when Tesla entered the market. It's difficult to speculate what may happen after the CNY. Tesla has a good influence among people since everyone follows his tweets, let's how will this affect the expected crash on CNY.

Why there are so many request of bear is it because of the price of the coins and tokens? Before when the bear market is so long we say when bull market to come? There are phases and stages for this. Somehow I find it hard to know when will be the next bear as more institutional company and even known personality such as Elon Musk invested on it. It will be quite a long bull run I guess. So better to take advantage of the season and be prepared again when the bear arrives.

That's just a part of it.
Bitcoin volatility will still hit anytime. So, it's difficult to say that a correction won't happen.
There's a probability that Musk bought his Bitcoin at the wrong mark and could've bought at a lower price.
But, there is also a chance it may never fall again.

All of this is a risk and I think he knows what he is doing. I hope so.

ups and downs are still here in the market but since elon musk came we experience more greens in this market but we should be happy with that because lets admit we wanted to earn a profit .

elon musk changed the market for good for all of us not just for his own satisfaction but if ever theres a big bear that will come lets not put the blame on the guy easily but lets investigate first if who did that and for you you need to not hold for too long if you are afraid of the big bear but just stick on your small limits

Elon is not going to be our savior, he cannot take up a load of saving the market, it takes the whole effort and motivation of the community to make the market robust and continue to be in the bull run, there will be a difference now compared in 2017 because we now have a lot of fo institutions and big investors backing the market, not just old-timers, in short, we can extend this bull run as long as the adoption is in progress.

We don't know what will happen, but I don't think it will be like 2018. After all, Elon Musk is the most respected person right now. so, if he chooses bitcoin, then bitcoin will be something special in the eyes of many people who are not familiar with it. however, this has drawn a lot of attention to bitcoin. So, I think the dump for the next year can be anticipated.

Yes, it will not be the same as in 2018. Bitcoin becomes more popular than the last year or two years, so the mass adoption will still grow, and that impact to the market cycles will be different from the last years. Yesterday, Elon Musk brought attention to people who don't know much about crypto, especially for bitcoin and dogecoin.

But I don't know what will happen for the next dump that can happen anytime. Hopefully, the dump will not be the same as before, and even if the price is down, it will not drop significantly like before.

Elon musk recently posted a tweet on twitter that he has changed his flow of cryptocurrency price, now they investors are more interest to buy cryptocurrency.

I agree, bull run was expected this year but perhaps not this early with such consistency that the market has shown since the beginning of 2021,
Elon has really ignite the flame of bull run and it started burning slowly,
the rich are the ones in play now, the reason why btc couldn't go below 30k for long, institutional investors are neck dip now so it will be hard to see a similar scenario as of 2018, the game has change.

the market may actually have changed the trend. Elon makes things even more interesting. but I am sure that it is not only Elon who plays with millions of dollars. there are many traders as well as other investors who take advantage of this interesting moment.
but keep in mind, the crypto market will never be consistent. We've seen it grow and fall. don't let us regret it again. quite a lesson that makes us smarter.

Yeah because Elon Musk is the whales of all whales in crypto. He can change the market trend by himself only. He can pump any coin he wants up to the percentage he wants he only needs to invest and buy those coins and it will have a sudden price value increase. Look what happened to dogecoin, I believe he doesn't just hype and advertises it, but he also bought a huge amount of dogecoin. He can change how crypto market works in an instant and that is the true power in whales.

We should be thanking Elon for being such enthusiast on Crypto, he somehow contributed on the recent BTC (https://trade.kucoin.com/BTC-USDT) pump, as well as Dogecoin. Now everyone is waiting for his tweet and go crazy everytime he make some words 'bout crypto or DOGE.

Although I dont like what Elon Musk and is doing or the coins he is pumping we can't ignore ignore the fact that he has brought massive attention to crypto among his followers. So it's good for the field and the adoption.

By and large, we all knew that large corporations would sooner or later turn their attention to bitcoin.
Now that it happened, we can't believe it.
Elon Musk made a sensible move and then everyone will repeat after him...

He made an impact but I doubt if he can stop a correction or a bear market, many believe him but investors will not and cannot rely on Elon Musk all the time, it still depends on big and small traders and if there are big FUDS and the bad situation just like what we've had last year because of the pandemic Elon's entry is good but cannot be sustainable in a long haul.,

Bitcoin has already shift it's narrative even prior to the Elon Musk revelation (although we have been suspecting that he might be investing on crypto before this big news). So that change has been here already. But when he admitted or at least his company openly says that they have investment on bitcoin and other commodities, crypto went on another bull run so I doubt that we will see any drastic market corrections moving forward.

Why wait for bear market though, we should enjoy what we are seeing right now and then we prepare ourselves in the next coming years for the bear market. But for now, I don't see it happening soon.

Most traders think so only because they saw 40k and thought that this is the limit, but this is not so. As far as I know, Bitcoin makes x20 from the previous values ​​in a cycle, so I'm afraid to say these numbers, but they are huge. The market will continue to grow for a long time.

Elon Musk, OP. To correct you.
That's what exactly I am thinking these days if people were just influenced by celebrity. That would mean that anytime the hype will just turn off and people would start exiting the market already.
I am not driven by anything from what I invest because it is merely my own money and my decision not by other people.

Musk turned out to be an excellent speculator who turns the market as he wants. His brilliant idea for Tesla's $ 1.5 billion investment in cryptocurrency has fully paid off. If Apple now also invests in bitcoin (and such rumors are already circulating), then we will grow for a long time. But in any case, the market will sooner or later fall like in 2018, this is inevitable.

Do you think Elon provides the Bull trend? It is mach of possible. Mask is very prominent person in the world - and MEDIA like him! Just remember about Hyperloop and project of Mars colonization. Generally this person should to turn around this world.

Due to bitcoin has big company and industrial support, we were predicting that if market get crash then it wouldn't go below then $20k. But this time after telsa buy billion of dollar worth bitcoin and keep supporting it.that's makes bitcoin more stronger than before and i don't think btc could go below deeply cause elon mask wouldn't want that cause if bitcoin crash like 2018, then telsa company would also face loss.undoubtedly the entry of elon mask help crypto industry to grow more

Probably yes. Elon Musk is a big thing and the current result is good.

But on the other hand, one negative view or attempt to make a panic threw by this guy, it can create havoc and that's where the community will be tested.

But don't worry. It's just my speculation. For now, I think Elon won't do such a thing. This is how manipulated the market is.

I didn't look at it that way but it's very timely indeed that Elon just comes in time at the very beginning of the year where most are likely speculating the bears are going to come just like Jan 2018. I'm however very positive about the market reaction when he shills for Doge and then he suddenly pushes by buying $1.5B worth of BTC. This is more of teasing the other markets that they are experiencing massive loss while the crypto sphere is having a party.

I don't think so either. Elon Musk said on Monday at the Clubhouse social media app that bitcoin is "on the verge" of wider acceptance among investors and he expressed strong support for the cryptocurrencies.

"I am a supporter of bitcoin. I was a little slow on the uptake," he said. And then he added that he should have bought it eight years ago.

His decision and viral tweet really influences many thinks, especially the passion of many people to folllow the FOMO and Hype of the coin. In this case, this realy influences the market. Price is increasing so significantly.

This human being is very influential in the crypto world. Elon Musk, one of the big investors, every word is in the spotlight and can boost the coins that are said.

Well nobody was expecting a bear market this year. Some people seem to confuse 2020 as being like 2017 just because the big bull run started before the end of 2020. 2020 is analogous to 2016 in the 4 year cycle. 2021 is expected to be like 2017. Bear market isn't coming any time soon. Has nothing to do with Musk. Bull run is just heating up.

Because of the social media hyping and shilling of elon musk, many people who are mostly newbies in the crypto world get involve in FOMOs and that creates a very unpredictable bull run which is continuously happening. Also, because of this hype we cannot even see when will be the right retracement and correction takes place so its so risky for us to get involve especially to bitcoin which is the king of all the crypto that is shills by elon musk.

When the powerhouse plunges into bitcoin it will change everything now elon musk is one of the most important people in crypto who can boost all fields in crypto he is able to make bitcoin up 17% and turn the always active market in a positive movement, now Tesla has made the biggest investment in bitcoin there may be surprises that will happen in the future let's wait together

I don't like what he's doing. by having a large following or funds the market he can easily play with. this is very risky for people who trade on futures trades. so many people end up getting margincall. I think Elon Musk should be more careful because before he himself had experienced a case with a tweet he made at that time about Tesla. I hope Sec can get back to calling Elon about the Tweet he made

Elon is not changing the market circles, but people want to make a change and are curious about the market, so when they know about Elon, they think that what Elon say can give them new hope.
But we agree that when Elon tweet about bitcoin and doge, people buy the coins, which lift the price to jump to the higher price.
If this can make the other big companies attract to the crypto market and invest in crypto, that can make the crypto get a good chance to rise.
It can give us a chance to profit, and the bullish trend will still be on the market.

This market at present doesn't mean it won't have a crash as often from here onward but that there will be more difficulties to what we saw back in 2018(when the market was ups-and downs). The market will be more stable as time goes on, along corrections when need arise in the process. For Elon Musk to have come into the cryptocurrency market with all his wealth means good to the entire industry, so, we should expect more of these move from Bitcoin henceforth.

I do not think that Elon Musk can change anything on the crypto market. The only thing he does is undermine the situation in his favor, placing imaginary authorities. This is a common advertising move, advertising for which a lot of people are buying now and bringing their money to the Dogecoin team. I have doubts about this.

I also have the same thoughts as you, but the fact is that nowadays Elon Musk has quite an influence on crypto, especially Dogecoin, the impact of his tweet has made the price of Dogecoin soar like a rocket into the sky but we should also be careful with Dogecoin conditions like at this time because it is possible that the current increase in the price of Dogecoin is due to pump and dump groups who do this frequently.

I could remember, I was badly affected by the 2018 down in btc market. That was when I first trading btc, it was a major concern for me. I felt very bad and couldn't sleep for days, it was my savings I used to trade. Don't blame me for that,smile... If I could remember, the price of BTC as at Dec 2017 was around $10,000 and between Jan and Feb it has reduced to $3,000. Thank God I was able to leave it till few weeks ago to in part of it. All thanks to Elon Musk for security to invest in BTC and that has made some big companies too to start coming out to do same. Crypto is the future, there is nothing any government can do to stop it.

Bear market will always come no matter how bullish the market now, there's no way we have this parabolic increase increase consistently, the volatility of the market will exist and that is after a bull run, correction happens. Let's not focus on that yet, the market is so bullish, it's good to play with it while it's still here as it might take another years for a bull run to come again.

just a matter of time before we will see the bearish season. but before it happens, enjoy this moment and take advantage of the opportunities that it may bring to you.
we are fortunate that there are big names supporting the community, not only by word but actual investments to crypto. their move actually lessen the hesitations of those people who are still looking at crypto as fraud. lets get real here. there are still people who are considering crypto being used only in illegal activities because thats what they are hearing from news. but if these names or big companies are getting inside, then maybe they will start educating themselves whats really in store for them in crypto

I'm curious to see what happens to the Tesla image.  Elon got $1.5 billion in subsidies for being energy efficient.   Then he spent that taxpayer money buying energy inefficiency.  I'm hoping he is forced to give it back. 

When Elon Musk become influencer for cryptocurrency make changed the market circle suddenly doge coin pump and dump, many trader can't predicting what happen next because afraid for entry after late from his tweet and waiting will miss chance when Elon Musk make new tweet,
the same what happen last few years with John McAffe become influencer with cryptocurrency and promoting many coin but become scam although at the early many impact with coins growing up.

He have big impact in crypto as influencer he got the hype of cyptovurrencies now just like what he intended to focus for doge the market of it suddenly get high,and now i was curious if this year will crypto be more recognize.

No one can say when the bear market will happen, whether it is big or small.  Even if Elon continues to make tweets related to Bitcoin and DOGE, the possibility of correction will not be lost because he has no control over market movements, yes he has an undeniable influence and impact and I liked the action Elon took in being part of the circle.

So in new entrants in this industry, also know the position of losses when they mismanage their investment.  And don't forget that there is still the sudden increase or fall of a coin in no time.

It turns out that many also hate what Elon Musk is doing. indeed not everyone agrees what he did with the Tweet. he easily makes the market go up or down according to his own will. of course this is a mistake. The securities or related institutions should be able to re-examine what Elon Musk was doing. as this could also be indicative of a self-benefit scheme

I think It's altcoin time now because of  Elon Musk. All altcoin price goes up day by day. when Elon will be released all BTC about 1.5billion BTC. The market will be down. Else the market will not go down I think. It's my opinion may b not right. May b Btc price will down after 1year minimum.

Now  Elon will control the market in his own way

looks like a game of rich people with large capital in the crypto market. nevertheless what Elon did is controversial. some support it, some are dropping it. however, people with big names and their own capital have different strengths from small traders and investors.

Investing now doesn't mean investing in the future, some investors can play the market with their influence to do a price manipulation, with Elon's status he can do that, yes, we have to be thankful that he touched crypto this year, it made some profitable but I don't know if these people who get into FOMO will still enjoy once the correction starts, or do they know what they are doing?

He will make an impact now that he is here, but a bear market is something that even a man like Elon Musk can stop unless he can commit half of his fortune to Cryptocurrency which I doubt he will, I have a feeling that Musk will continue to play the market but there are some risk involve playing with what he is shilling, I hope he stops this shilling and works with the betterment of the industry if he is that serious to get involved here.

He has a lot of money if ever he loses, he never minds it.
Elon Musk is now creating a huge impact not only in crypto but the mindest of the people. If he says Doge will make a 1000% incline, people will possibly buying Doge without seeing the possible trap awaited.

I don't like what he does actually but we can't stop others to love what he did. The hypes he created give a huge profit to the people and that seems it changing a lot. But I was thinking about the negative impact after this.

This is not good especially for those newbies in crypto. They thought they will get rich quick but most of them don't know what they are getting into. So yeah, I read some of the comments from Elon's tweets, that they lost money because of him. People should educate themselves when it comes to crypto and not rely with famous people when deciding to invest their hard-earned money.

You would really expect that those kind of blames will really be part of this market.You would see it anywhere as long those people
do really lost up money then they will find someone who would really be blamed off. Elon did really change or make effect on the market due to that
recent purchase of worth billions but doesn't mean that this will be a permanent one. Market will continue to rise and decrease depending
between sellers and buyers. Fundamentals isn't really something bad for you to look on but don't heavily rely with that.

Why blame Elon?  He did not say that they should obey and believe what he said.  No matter how famous or influential he may be, you should also have your thoughts and decisions.  I also saw his tweets about DOGE and because I also found out from others, but did I buy?  No.  I researched information about this coin so I was able to take action.  If I miss earning because its price goes up as others do, that is no case for me.  It's really up to you if you are affected like everyone else and you should also take steps on what you really should do.  Think and be prepared for whatever may happen, even if you lose you can accept without remorse.

That’s not 100% correct actually. We already had a correction when bitcoin reached 40k usd for the first time. The prices dropped and stayed constant at 32-35K for very long. Yes the comparative time for stability was very less because at that price (lowest for the time being) many investors jumped in with their millions. On the other hand this was the time when Elon Musk opened up his magical movement with bitcoin and made the updates regarding Tesla Payment etc.

It was but obvious to hype the prices in very short period of time. Correction happened but with less liquidity since it had more market cap than the required limits.

The current price may not seem corrected but it won’t go down as well since the market cap capabilities are increased to next level now. Get ready for even bigger hike.

I am waiting when Elon Musk make new tweet about Doge coin because last night I have bough Doge coin, when have new tweet from Elon Musk will make Doge coin back to higher price, maybe last two days without any tweet from Elon musk about cryptocurrency bitcoin or doge coin, I am waiting and hope tonight he make new tweet about Doge coin to make price will up.

it's always people with large influence that can do much in crypto market or stock market.
But, they only kinda pisses me off if they misuse their influence into trapping people that faithfully follows them into buying some trash coin and then he took the opportunity to dump.
In this case we don't know elon's motive but he seems didn't take advantage of the opportunity, though we can't be sure because elon never transparent to his crypto posession which is definitely not a problem since it's his right.

I was also quite surprised, it turns out that Elon Musk's influence is truly devastating. Made a very significant difference, ever since Elon Musk
shilled Bitcoin. Finally it can attract many large investors to invest in Bitcoin, I am very grateful to Elon Musk for supporting Bitcoin until now.
Hopefully there are other rich people who can promote Bitcoin. If we look at the price of Bitcoin which continues to rise and even today Bitcoin
has managed to reach the new ATH. This is the most beautiful Valentine's Day gift in my opinion.

On the topic, its more like influence on not change. It's a tricky thing and all traders are involved as to making it work, a single prediction using what ever means avail to him and himself @Elon Musk investing especially when he does announces it is sure to bring in other investors not limited to you and i and just like that, a not so major move would be experienced in the market. Its a normal thing and a soon to be common reoccurring phenomenon about this rich crypto enthusiast. Hope he does sell his ideas to the many anti cryptos around the world to give cryptos another chance.

It is not good that one person posses this much power, I really do not like it and I hope that people soon realize that following one rich person with your money is not a great idea. In the end they will do whats best for them and you will be left hanging in there, I personally think the cleverest thing you could do is do what they are doing but not what they are saying, they will say anything they want to say and anything they will profit only them, but if you do what they do there is a chance you could make a lot of money.

In the end I am trying to get my money higher and bitcoin is already quite high, I do not think that circles could be broken but only postponed and until that moment I am going with the alt season, that is at least a lot better and I can go on with that a lot easier as well. It is just stupid to make your financial decision based on a rich guys tweets.

We are in bull market and just like 2016 and 2017 it will stay for atleast a year this time around too and as far as Elon Musk's role is concerned i do not think there is anything wrong as long as he is positively impacting the market.

You wrote that this time the bull run will also last about a year. And this thread is just that this time the bull run won't last a year. It is because of Elon Musk's actions that many more companies will follow him, which will make this bull run last much longer. And no one really can predict how long.

Exactly Elon created a magic trick, It spurred momentum from the community's mentality to a starter trend he saw and turned it into his advantage to boost profits. A powerful stimulant that Elon Musk created with Tesla. That won the communist bear. Something did not awaken the bears or it was won over by covid. Lol

When a big figure like Elon Musk who is the head of few world's top business organizations like-TESLA, SPACEX, THE BORING COMPANY supports cryptocurrency, normally it puts huge positive impacts on the cryptocurrency markets. Most of times, cryptocurrency market faces lack of confidence but after Elon Musk's support, market now stands on a strong base and investors are getting ground for their investment.  ‍

I totally agree. Now the question is how many companies will do the same as Elon Musk and Tesla. I am thinking not only about the fact that he has invested a lot of money, but also about the fact that he will start accepting cryptocurrencies as a form of payment. I think this in the long run could have an even greater impact on the cryptocurrency market than the investment itself.

I think Elton Musk's participation in the Cryptocurrency market this year is just right because the mass adoption will be even stronger. He is one of the most respected people in the world in which most of the people will follow him. If he did not invest in Cryptocurrency especially in Bitcoin, probably the bear market will be inevitable due to existing Big Whales which are truly known for market manipulation.

the name elon musk is increasingly appearing on the surface elon musk is one of those people who has a lot of money and he has tremendous assets in the real world now he has jumped into the world of digital currency and his words have caught the attention of many people. people maybe in the future there will be new people who have lots of money like elon musk and they will support in the world of digital currencies.

I think it's not just about Elon Musk. As we know some large companies have started to look at cryptocurrencies, and this is what keeps the price of crypto on the rise.

Whether with Elon Musk plunging into cryptocurrency it will have a positive impact or vice versa I also don't know,
but I think this is quite interesting and maybe in the future more and more people are interested in cryptocurrency,
especially if later people like Elon Musk are interested in getting into cryptocurrency it will drive crazy

Who doesn't pay attention to what the richest man in the world invests in? Of course, everyone also wants to earn, so they will certainly want to imitate those who theoretically do the best in the world. I think it won't take long for the next big company to announce that it's investing in Bitcoin or other cryptocurrencies. I think the cryptocurrency trend is just beginning.

Their statements changed the market a lot. First he praised dogecoin. Everybody started to buy dog, now he is denigrating dog, I think he will buy from the bottom again.

I didn't notice that Elon Musk denigrating DOGE. He only wrote about what the whole community noticed earlier. Dogecoin was bought by big whales, which is negative as it allows them to manipulate the price. Elon Musk prefers to do this himself, so he wrote:

"If major Dogecoin holders sell most of their coins, it will get my full support. Too much concentration is the only real issue imo."

This means that when he has an impact on the price again, he will start supporting DOGE.

As per my data Elon musk can make contrast, he changes how individuals see at crypto, I think individuals are prepared to grasp cryptocurrency in the event that one individual like Elon appears up, individuals are reluctant within the past a long time since other best extremely rich people as of now dfined crypto and Bitcoin as a bubble but Elon realized that crypto is future, as individuals will accept them since of their notoriety, and presently a extremely rich person says and will acknowledge crypto, this has presently boost crypto-economy to a modern level, too its the culminate timing for crypto, since we are still within the widespread.

When Elon Musk make tweet about Doge again, last two days his tweet about Doge coin and now still waiting his update will make new tweet about doge coin or not because many people waiting for his tweet and make many trader get back profit, now I wanna get back how doge can reach to higher price again.

Well, you probably haven't read Elon Musk's latest tweet about Doge .. Elon is not very positive about Dogecoin being centralized because big whales have bought it in large amounts. He said he won't support DOGE until whales sell most of what they own. This means that in the near future we can expect only a drop of DOGE price.

Yes, you are right, Elon Musk is very influential in increasing the price of Dogecoin. According to the proverb, if we control the market then we can control the price and this has happened with the presence of elon musk changing the market price of Dogecoin. Therefore, maybe someday the price of Doge coin can go up or down and it all depends on us taking advantage of the current conditions of the Dogecoin price.

Elon Musk knows he can play with fire as long as crypto markets remain mostly under gray areas regulations; if that would change expect him to close his mouth for good as he could not risk his reputation and, most importantly, his money! I mean let us face it, he changed the market behavior with a few tweets and he was able to resuscitate Dogecoin!

yes, Elon musk changed the market circles, He can pump any coin he wants up to the percentage he wants he only needs to invest and buy those coins and it will have a sudden price value increase. Look what happened to dogecoin, I believe he doesn't just hype and advertises it, but he also bought a huge amount of dogecoin. He can change how crypto market works in an instant and that is the true power in whales.

Changed temporarily I guess, this was his first time so people got hype on it, but if he keeps doing it, I doubt if people would still follow. That's normal, when a company or person is popular, they can influence the decision of the people, and that's why it causes a pump as what we have witnessed, but, it's not only for pump, there's also a possibility of dump when there are some negative news involving on the person who influence the market to pump.

Yes, I also think by entering Elon in the crypto market is changed. Yes, correction is due but the market keeps rising as I believe many traders' or investors' trust increase when some big influencer jumps into the market. The correction will take place but I also don't think it will be like in the year 2018. But the impact of Elon will not remain long.

He started that run.

He is really a huge reason for the market to reach where we are right now. $50K seems so far in the past years and we never thought that it will actually happen. I am still waiting for someone his dick so there's that. Since Tesla joined the ones that riding the yacht right now, the wave might go higher as it is still going strong after hitting $50K.

Any one know where is Elon Musk now because almost coin tweet by him like doge have lower price, will he got much profit and left doge coin without any support again back to higher price, or elon musk wanna make doge coin really have lower price and then give many speculation to buy on lower price, many trader disappointed with elon musk because buy doge coin after his tweet.

I don't understand why so many people are believing in Elon Musk, he is just an investors as all of us. Sure he is has a far reach on social media, a lot of people are following him on Twitter. But he has no insider information like the rest of us. Maybe he can influence the market short term, but long term he shouldn't be able to change prices. We need to remember that he is holding his own positions in the market and wants to profit.

If this is hype you are totally right, but if this is right, there is a big chance that this could be something other than hype and that would mean you would be missing out on profit. I know that many people think we are in a bubble right now and eventually this bubble will burst and we are all going to see a huge 80%+ loss in many of the coins, probably all of them, and that is why buying right now is a bad idea to many people.

However I have another possibility; what if these huge companies going into bitcoin made that bear run impossible for now, and since they are going in billions of dollars each, which is amount we never really invested with ourselves, that means maybe even when there are many sellers, it is a lot harder to drop the price, so we are now in a long bull run until even huge billion dollar companies are not capable of changing the price? Maybe we will go up until that moment comes? I do not know if this will happen or not, but I think that is a possibility.

Elon Musk change his picture profile twitter with bitcoin logo after bitcoin raise to higher price, I think Elon Musk just wanna make many people panic for buying bitcoin after bitcoin raise to higher price, He does not have any reputation with bitcoin or altcoin because supply and demand is the way why bitcoin reach to higher price, I have stop joining and following him because his reputation with bitcoin and altcoin right now gone.

Panic is a good way though, and obviously by now we all know that Elon or his company is a bitcoin bagholder ko it make sense for him to shill so that they can make billions more from their initial investments. Yes, still base on supply and demand, so he is pushing bitcoin to be in-demand in the market. I don't understand why you mean his reputation with bitcoin and altcoin is gone, he is a investor of both.

The market is just maturing. I do not think that we should expect a correction in the near future. I hope that in March, many altcoins will show significant growth. Elon Musk certainly played into the hands of the market)

Has it been confirmed that he has already invested in an altcoin? like DOGE? I have not seen or read any news about that because all I know is that the Tesla company just bought Bitcoin. Well, we do not know, and then maybe not everything he should let the public know. Maybe yes, because what is the reason why altcoin is also mentioned and he pays attention, right? It seems that what he is changing in his profile is very controversial, maybe BTC will have a fork and he will be the Founder. lol

The influence of Elon Musk in the crypto world is indeed very large, just based on a few tweets from Elon Musk alone can make Dogecoin go up very high, but in my opinion this is only temporary, because indeed Elon Musk only looks like kidding with his tweet

What Elon Musk did, is only a factor which possibly contributed to what we are experiencing and seeing right now. And I guess it is not the only reason why the market is bullish at this moment. Companies adopting this technology is also believed to boost this market, and these things made a domino effect in my opinion. No matter how we look at it, the popularity of this technology is continuously growing. More people are now aware of the existence of cryptos which is also getting more attention in the eyes of more people who are probably thinking of also entering this technology and to make use of its advantages. So I guess it is popularity which is the bottomline and the reason for this major trend.

In my opinion, with Elon Musk who supports Bitcoin and many people who are starting to invest in cryptocurrency for now, then the price of cryptocurrency will be difficult to correction, because I see market conditions continue to increase and of course makes the price of cryptocurrency increase too, therefore now is our opportunity to be able to get a lot of profit from investing in cryptocurrency, so don't let us ignore this opportunity and regret it forever.

I just suggest to be more vigilant, if you are a loyal follower of Elon Musk then you should always monitor his activities on his personal Twitter social media. After Doge went crazy, now Elon Musk switched to bitcoin. And the Bitcoin price increase has been influenced by the Elon Musk and currently Bitcoin is still significant at $ 56k. when bitcoin has peaked then this is a Dilema for you.

Elon doesn't have the power to stop Bitcoin from going into bear market. He can definitely prolong the bull run and make it stronger, but a correction will inevitably come.


And market cycles not market circles :D

OP has some spelling problems. Maybe he's just special.

and I also had time to read in an article about Tesla. Tesla's recent investment sided with bitcoin and is likely to be a trigger that the market will remain bullish or at least stabilize despite minor corrections. or let's say Bitcoin price chart is stable in the range of $ 55k - $ 56k. I believe that this increase is still continuing

Those who sold and recorded a profit clearly will not dictate the trend and influence the market correction. A correction can only occur if ,,a black swan,, occurs - for example, a claim from the SEC on USDT

The trend has changed but it doesn't mean that we shouldn't think that the big bear market won't happen. Elon entering the crypto market is a big thing but we don't have an assurance that the momentum won't be break. Elon is now even one of the reasons that can trigger a bear market if he wants. As to how he created a trend, with just one negative tweet from him, it can start a market breakout.

Don't mind the 2018 bear market. Focus on the current one.

Because the 2018 market was different from what we have now. There are so many players now in the crypto market, and the adoption is bigger than before. A lot of known companies are integrating crypto as part of their payment method, which is a good thing for adoption. Bear market is always to be expected, and maybe right now, we are already experiencing it as btc goes down to about 53k level. But as there are so many stakeholders now, and others that want to get in, I believe it will go up again. I prefer slow increase.

New investment always boosts the price as Elon musk did 1.5 billion even more investment. Now bullrun market is as a bear market " a little pump after a huge dump in 2018. Elon musk investment is now part of the cryptocurrency circle. This correction isn't as big as before ( Elon musk invested) 42K pump of Bitcoin then dumped to 32K in the last months.

Soon it will no longer be effective that whenever he post some tweet the price will rise up so it’s good to really take advantage to take times like this to earn and be able to buy at low price, he’s target is to engaged other businesses to enter the market, luckily we are able to know ahead of time how crypto and tradings work in the market atleast we can just by once there some signal or sign to buy.

If we talk about the global correction in the crypto market, then I believe that it will begin in 2022. It is in 2022 that a new cycle will begin in the crypto market, and as history shows, a global correction begins. As for the appearance on the crypto market of Elon Musk, this is an indicator that large companies are interested in cryptocurrencies. The whole of 2021 is likely to be the year of crypto growth, as large companies will buy BTC and other crypto assets.

The correction is yet to come, it's inevitable. The Bitcoin market cap is too big at the moment to hold still just because of Tesla's and some other companies' investments. However, this year the bull run wasn't caused as much by market manipulation as it was back in 2018, so I think we might expect some smaller corrections.

Although, if you look at the all-time BTC price chart, the exponential-like growth since Sep 2020 does look concerning and suggests we should be expecting the bear market soon, so it really is hard to tell right now what will follow.

And to some extent this also depends on the psychological impact the new institutional investors might have on the cryptocurrency space, if the result is negative that would probably be to bring back the bear market, if positive we can expect further investment into the blockchain space and make the cryto asset go higher.

Also, there is a second indicator that has caused me to question the case for a coming bear market in BTC, which is the recent shift in the macro-economic environment.

It is speculation managed by famous social media phenomena, we have nothing to do if they continue to pump their bags. The small investors follow the Twitter account of Elon Musk with using the notification function and they start to trade with the altcoin mentioned by him. The Doge has increased a lot after the Elon changing the Twitter biography to Doge, this will affect the market cycles in long run.

Probably the effect is not good because there's no fundamentals on DOGE and yet it's pumping like crazy, Elon hype it but he does not own DOGE, unless he will help for the adoption of DOGE which I don't think he will do that.

He made profit on DOGE already, I read some article that he made billions already, so I guess he'll look for other coins to pump.

although the issue of elon musk is always raised to stabilize the market. but believe me the correction will come at any time. this is already a real thing for the crypto market and is bound to happen. so I think prepare yourself for correction

The year 2018 when there was a big bear market did not happen again right now,  one of the reasons I believe because of Elon Musk who supports
and invests in cryptocurrency. Elon Musk's influence is huge in the crypto world, even Elon Musk through Tesla can make Bitcoin prices continue
to rise this year. I doubt if it weren't for Elon Musk the crypto market could be as bullish as it is now. So I really appreciate what Elon Musk has done up
to now for crypto. The future of crypto is getting brighter with the support of Elon Musk.

Yes. still in the same case, that people are getting more and more interested in following everything that man does. like this time Elon Musk started supporting Bitcoin, if I'm not mistaken he started pocketing large amounts of Bitcoin and the hype returned. But if it is related to BTC then I have no doubt. but I'm still confused by his attitude? that he promoted Doge until the price of DOGE went up but on the other hand he himself tweeted for DOGE holders to sell as soon as possible?

Maybe he was just curious when he first saw DOGE so he was able to make tweets related to it, or whatever the reason for his involvement even though he did not know much about this coin.  Or maybe when he was just really tripping, we don't know what his real reason was.  Then he realized that he should only invest in Bitcoin.