Bitcoin Forum

Today is starting optimistic in market and all Cryptos got positive sense , so is it end of story of these days nightmare or Elon Musk tweet again to lead the market any where he wants. In the other hand there s too much Elon heard so may the market would not respond to him further more. Let me what you think ? ::) ::)

The whole market seems to be green, 6% increase in the global market cap. So this might be the start of the recovery for bitcoin. $45k is not the support price and it's good to see the price at the end of the month to at least $50k.

Regarding Elon Musk effect on the price, it's going to be short live though, he might have put a dent on the price with his tweets and so called 'green' crypto. But no one can stop bitcoin, not even him. So we should calm down now, market will bounce back soon.

Few days we had suffered loss in the market and good to see the market is slowly recovering despite all the FUD we had experienced in a simple tweet from a man that I don't wanna name him anymore because he annoys me. One thing for sure we don't need him anyway because bitcoin survived many adversaries already and with that I can say that this is nothing new, we can stand up always.

I hope so. Bitcoin shows some movements today but too soon to say so, Lets see whats happens today.

totally agreed @forbesmining

Just shilling, one of my alts bags is performing very well against BTC. See how my holdings grow. Got the tokens while the price is in the bottom. LEDU is a nice addition if you want to add some volatile small caps crypto.

https://i.imgur.com/zyAH9Wd.png

Elon likes to deliberately take advantage of this moment to get even lower prices, I've done a usdt save before Elon Musk suspends bitcoin, It's perfect to buy some coins back, I reinvested them. I hope the market recovers, and coin season is coming soon.

What we are experiencing is just a normal dip - not a crash in any way since this is not another rocket thrown by Hamas and Israel. Bitcoin has achieved its greatness not really because of a single man since Nakamoto left the scene even before Bitcoin made a big take-off. Bitcoin should not be associated with a single personality all because as human as he can be he is subject to personal change of heart and preference...this is exactly want happened in the past few days. Weeks from now, this will already be old news and Elon Musk will slowly fade on the horizon - hell he can concentrate more on his Mars project and make Dogecoin as a hobby.

It's too early to decide whether or not the price correction is over.We will have to wait for at least one week.
The market will keep responding to Elon Musk tweets for sure.The newbie panic sellers will dominate the market for a while and all the "bears" will be happy to make more profits and to keep buying cheaper Bitcoins down the road.I'm not optimistic and I think that the bloodbath will continue,but I will keep HODLing my BTC.

You must be new to the market.

That's always going to happen after we've been into a drop. Although the green indicates that it's starting to recover but if you have bought at the higher price that it is today, you have to wait until it hits that price.

Don't celebrate yet but if the opposite action will be happening the same positively, we're going to get back again on $50kish easily.

I wouldn't call more than 15% correction a normal dip, but a fire sale/crash. Well to each their own I guess. The point is the price took a nosedive and break some support before stabilizing around the next critical support and bump from there.

Some traders believe that we'll see a nice sideway and alt season after this, while others believe that it will be short-lived before bitcoin went down again. Let's see which one is right.

All cryptocurrency coins, including Bitcoin, have lost their normal behavior due to the persecution of some millionaires. Now Bitcoin is behaving abnormally because of their tweets. Because of this no market analysis is working properly. So now it is not right for middle class people like us to do any trade in the market

For now only i can see is those have million volumes shown a green percentage after the downtrend in the market especially those trusted projects. and also there are some alts as well that still not sure if can makes progress during this good sign, such coin that has very low volume in the market but for me its doesn't matter since most of them are not trustworthy when it comes to this situation.. I meant still good to focus to those have good volume to assure there's a good return after all.  And i have doubts maybe soon we will see a new season for alts since bitcoin still have some issues..  So grab now and invest what amount you can, afford to lose...

Proof of Stake coins have always been green, due to energy efficiency.

Example: Cardano is 1.6 million times more energy efficient than energy wasting bitcoin.

Don't worry if Elon musk do not want to buy bitcoin, there are many other companies who are buying bitcoin on every dip. The legend, Michael Saylor again bought some bitcoin. He does not let any opportunity go where he could buy more bitcoins.

https://twitter.com/michael_saylor/status/1394625128257007618

Seems like we are heading down again, so the green trend was just happened due to the regular cryptocurrency movements. Maybe in the next few days we can sure that we entered into the bearish cycle or we can still make money in this year.

While talking about Elon Musk then people won't be responding him to those stupid tweets and it even can backfire him like how the Tesla share values dropped when he announced that they are not going to accept Bitcoins.

It's a normal bounce reaction you would see from any deep crash, but I personally think the crash wasn't THAT big, just a sort of correction from the unusual pump from before. Now it's reaching the mid-stage of consolidation from the real levels pre pump, which is why I'm confident we'll see a proper taking of $50k for BTC and a lot more alts finding solid ground to grow from.

After red, there must be green, it won't be red forever, friend, whoever tweeted negatively about bitcoin, whoever it is, even though you won't be affected by the price of bitcoin, the proof is only a few days since the price of bitcoin fell, but now it's green again. .. bitcoin is the best ...
Bitcoin is not held by one person, but bitcoin is held by everyone ..

Yes I have also seen that today, but I don’t think that this has anything to do with Elon Musk, it’s just the market that is going up because I don’t think Elon Musk has made any positive tweet about Bitcoin all this while. And if he does, people are eventually going to come for him for tweeting good after he has trashed it.

The only coin that Elon Musk has solidly stood behind it is Dogecoin. He made a tweet asking his followers whether Tesla should start accepting Dogecoin for payment the vote ended positively with people agreeing to that. Then there was also a tweet where he mentioned about working with Dogecoin devs in improving system transaction efficiency.

Yes had today morning. But  i saw some bad news going on twitter. So the whole market little down again when we compare since January . Hope some good news soon.

Well I can't say I see much green for now maybe some few days to come, right I cam see sol is more than $50+ and some other projects, right now it is hard to tell if we will go down more or come up, the only thing to do in this type of situation is to buy the dip and wait patience.

When you are being led by the nose, this can be understood once, but when it happens regularly, you should think about whether you need to listen and trust such a person? One thing is clear - you should think with your own head and deny the authority of the person, no matter how perceptive it is. There are objective factors that should be taken into account, you need to use both fundamental analysis and technical analysis in order not to trust your money and capital to someone, but to make decisions yourself and be responsible for their consequences.

And there you go, just making a post about things recovering makes it so untimely, today we see BTC dropping past the 40k mark going down as low as 38k and ETH also is retreating to 2.9k. Both coins are more or less now only at 2x their old ATH while many other altcoins are doing worse going back below ATH.

This is a fleeting rise in the prices, the current wave is red, we have to accept that. Knowing that the institutional investors has a power over the market, you will be able to know that the market is going to go up because they can't force it to go down really low, this institutional investors are going to buy back into the market after some time and then the prices will go up again and by that time, you should have a lot of bitcoin to sell you can get a lot of profit.

However, in practice we see the opposite reaction to your assumptions. Elon Musk is still one of the regulators of the crypto market. Whoever has a lot of BTC is the boss today )