Bitcoin Forum

We are back to the 90s, the Fed raised the rates by 0.50% - nothing is going to stop the trend of further rate hikes - which in turn will keep on taking the air out of the balloon so called Crypto.

Who cares about Elon Musk. I never did. 1 BTC is still 1 BTC. This will pass and BTC will rise again. Actually it will exist long after us. Even if it will go down to $10,000 it will rise again. Not all people are scared like chickens when it comes to BTC. You only lose if you sell. Easy math. As for Doge, it turned to a s*itcoin anyway thanks to Mr. Musk.

The market did ripened with Elon but even without him, the market will just continue the way it was before and no one's going to stop it.
No problem if bitcoin goes down and we see the buying opportunity and that's it. We're already on this market leaning with all of the best shots that we think that's part of our portfolio. Once this bloody massacre to the market stops, people will get excited again on how much it shall recover.

Elon Musk is not a cryptocurrency saver, he is just another influencer, to whom people believe to much. But I accept the fact that soon Elon Musk would make a comment on this global crypto price drop. It wont have much effect, but, it will give hope for those who are new or came to crypto by Elon Musk's referral tweets :)

As to Bitcoin, it will be saved by itself. Like it usually does. How many times people buried Bitcoin ? This price drop will just +1 to current bury counter.

You are absolutely right and I don't understand why some people still want to keep pushing this Elon musk news like he started the whole crypto market and it is also obvious the people are quick to forget how many dips Bitcoin has risen from and don't even get me started on the amount of Obituaries there are for Bitcoin. This is just one of those phases and my only regret is not having loads of money to Buy Bitcoin now  :'(  cos we can only go up afterward.

I don’t know if you are joking or not, but you have been on the forum since 2015 and not in 2021, where beginners learned about cryptocurrencies because of Elon Musk.
Falling prices are corrections to build a new price bottom, and therefore once the decline ends, then it will be the beginning of a period of good rises.
So stop panicking, we are still above the $20,000 mark, so there is no real cause for concern.
we don't need Musk, he started to talk about bitcoin in 2020 not 2010

Here we go again, bitcoin went down and doom&gloom threads started popping out. Worst of all, from someone that is in crypto for longer period of time and has seen this several times before. Regarding Elon Musk, Bitcoin is not Dogecoin and it doesn't need to be saved by him, nor it was before.

Elon Musk hyped up the market, sure, but he also triggered panic selling at some point when raising concerns over adoption of Bitcoin due to environmental reasons. The crypto market is potentially a bubble, sure, but I don't think that Bitcoin isn't worth anything or that it's overvalued. I believe what we're seeing now is not the explosion of the bubble, but a temporary bear market. After Bitcoin recovered from the 2018 fall, I think it proved that recovery is a matter of time. And now the price is low, sure, but it's still way higher than the 2017 ATH point.

I’m actually worried about his assets in the bitcoin and doge. That man literally had Tesla payments and companies shares in the form of bitcoin. After the last years hype regarding DOGE he had that coin filled up in his pockets and his mothers pocket too. Considering his richness he must have had millions of dollars in both of them. How that guy might be feeling right now after seeing the market crash like this. Off course he won’t be worried much considering his entire wealth but as of now every whales is doomed with this crash.

He will probably be in the worst-case scenario right now seeing the crash in the price of both coins, Bitcoin ha e dropped more than half of what it started the year with, and dogecoin also made a nice downward movement lately, Elon musk was in both coins for the business and not a supporter so at the moment his portfolios in both coins will be in shambles. The whales are in action and investors are bleeding right now.

Not only Elon Musk, I don't think there is any cryptocurrency influencer that can stop this market disaster. It has affected everyone including Elon Musk too, so there is no point of saving others if I was also affected. I don't know when this disaster will come to an end but we hope it ended soon because many people are financially down due to this bear market. The market has been down for a very long time, we need a bull run.

Well, I think the hype about Elon and the influence that he has now has died down. Maybe if he has something behind his sleeves, then maybe he could somehow influence again the market, basically the people. He is always on the news with all the plans that he has so it's not surprising if he would be able to plan something and make something happen.

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Doge has always been a shitcoin because it was made to be one. To be accurate, a meme coin. Isn't Elon the reason why Doge raised in value? So how can you say that?

Are you implying that Bitcoin, which has proven itself and keeps proving itself as a strong, unhackable currency which cannot be manipulated, somehow needs saving? Dogecoin is and always will be a useless, hype-value-based coin.

Elon Musk might have contributed to Bitcoin rising a decent amount but Bitcoin was doing very well before Musk and will be doing very very very well regardless of whether Elon Musks decides to keep backing Bitcoin or not.

Bitcoin is king!

              The worries about crypto only apply on the people that are new to this industry or are overly intoxicated by their hopium about Elon and his influence over Bitcoin or dogecoin. A lot has already happened to the world that affected bitcoin big time both positively and negatively. And despite these, bitcoin never died. Instead, it came out stronger as time pass by. Which is why I don't worry that much, I never bought on peaks anyway so I'm just gon go and wait this storm out as I slowly accumulate whenever I have extra funds just like what I always do.

This time? When did Elon Musk save Bitcoin in the first place? His announcement of Tesla purchasing BTC just gave us a temporary pump in price, and that's pretty much it. You've worded it as if he saved us from a huge exploit or something.

I think people need to stop their naivety and face the reality of this cryptocurrency market the early the better. The market always experiences huge correction after the halving effect market, this supposes to have happened long ago and it happening now there shouldn't be any calls of alarm.

The funniest part is hoping Elon Musk will save the day when the market trend is already decided and the last time I checked Elon Musk can't even save himself not to about saving Bitcoin.
Who saves Bitcoin when Elon and the institutional investors haven't joined the crypto market.

Are you here because you actually believe in cryptos or because you just follow Elon Musk's Twitter and base your life on that man? Why would bitcoin need Musk to "save it"?

I don't understand what Elon Musk has to do with saving Bitcoin or not ?! But in cryptocurrency has a big effect by him, and that is to destabilize the market. I think there is no one who were well-Understand and connected with cryptocurrency like Elon Musk's activities at all. But it has to be acknowledged that he can have an impact on the market. But it does means that he is the main man to save bitcoin , It seemed silly to me .

Their is no need of Elon Musk help and why you need him to buy BTC or Doge? It is very interesting thread that either you are elon musk have invested in Doge, BTC. Doge is a shit coin and the developers never looked after it so just forget and concentrate on manymore coins that have life.

At this time investors are not the only ones experiencing bleeding, we are just small people who are in a mess.
Maybe now Elon Musk can only see the market situation without being able to say anything.
Nobody is currently capable of resurrecting the current bloody market price.

The impact of rising interest rates may have caused the price of bitcoin to correct so far, but why does the title seem to say that Elon Musk has been the savior of bitcoin all this time?

Elon Musk is a bitcoin institutional investor known to the public for his extraordinary financial strength. He is not the savior of this asset price because it is actually the trader who determines the price the most. For some reason he should not to be the savior of bitcoin while bitcoin is traded freely whose price is determined by supply and demand. Indeed the market hype might increase when there is a lot of fresh money coming into the market, it could increase the demand and of course not only Elon Musk can do that.

I believe the only thing that can cause this is not understanding Elon Musk's level of enthusiasm for Bitcoin whereas the man is just a tech enthusiast and a businessman that always went for what will favor him.
After he bought Twitter, I think Elon Musk himself will be happy to see this dip market so he can buy the dip.

In the meantime, Bitcoin doesn't need anyone billionaire to be saved and what we're seeing now is the normal market dump that always happens why are people still scared after all these years.

He's not the savior he's just a profit-seeking investor. It would be wrong if you would expect him to immediately return the price of Bitcoin or Doge back higher. I think today is his chance to add assets. With money not running out he is very capable of owning a lot of BTC, to be stored for the long term. After that he will try to bring public opinion to take him back to ATH. It's the old way and I think a lot of people understand. Maybe today do not have to hope for him, his words will not be many who believe anymore.

Lol! Why he would try to back bitcoin now when it is the best time to accumulate more! Every single person who are bullish on bitcoin, are buying and buying. Short term investors are definitely selling out of panic but I would not care about it.

Elon is probably buying more and more bitcoins now but if that news come out of the market, it might go into positive. So as an avid investor he would definitely want to keep this news hidden.

I thought that disruption in the stock market was meant to be a great thing for Bitcoin and meant to push the price up on this inflatable asset? Oh how the tune changes quickly to a new economic story. What I see is a strong correlation between the two markets, especially when it comes to falling prices. In times of fear it is evident that crypto is no safe haven, when it should be if it's meant to be the equivalent of virtual gold..

People do really end up on saying something like this on which attaching out particular things which arent even really that sensible for it to be mention.This market doesnt really move for 1 man alone

and able to make out some saves or something to stop yet overall supply is in different possession which simply means the ones who do move out the market are indeed the investors/traders as a whole.
Even if you are a billionaire talking out for a market something this big wont really be that easily to be handled. Once you had been here and dealing off with this market for a while
then you arent really that getting shocked with these kind of scenarios.Its not really that new.

Elan musk at that time has no bitcoin because if he had bitcoin the market will not be crashed like this but may be he will buy bitcoin in big numbers at this time because of market condition.because billinors always wait for right time and may be its right time.and no anyone can say exactly about the market.

Who is Elon Musk.
The richest man in the world? That's what he is but he is still more than that. He is know in the crypto world for his negative influence, spread of fud and hype of dodge coin. Elon Musk does not do all these alone. We permit him to do it. We follow him and we are his power. It is number that makes demand and supply and it is demand and supply that moves the market.
Elon has so many followers and I heard he aquired twitter. He will continue to influence and weaker hands will continue to fall off but I want to assure you that bitcoin is not ending now and it will not end in decades to come.

Elon Musk can never control bitcoin right now. Although bitcoin is really in a bearish state right now, but its definitely the best moment to buy bitcoin right now. So there's nothing that the people would fear, as bitcoin will always recover even if its value dumps so hard. As with Dogecoin, shitcoin will aways be shitcoin, and its high value before may or may not come back in the market anymore.

Why rely on Elon Musk to save Bitcoin. I think without Elon Musk Bitcoin is still Bitcoin. This is not a Shitcoin that can be easily pumped and dumped all of a sudden. Bitcoin doesn't need to be saved by Elon Musk. Why do people including you as if Elon is a savior? he is a businessman who if not profitable then he will turn his head.

Nice observation, the OP is trying to make it seem with the title of his thread as if this is something that has already happened in the past and that is not true, Elon does in fact hold huge influence over the dogecoin market but his influence over bitcoin is extremely limited, and not only that he is trying to make it seem as if bitcoin needs to be rescued at all, something that is not true either.

I don't really think if currently anyone cares about Elon Musk and what he does to the market. His action and decisions maybe affect the market but since most of these effects are leading to emotional decisions from the clients and these effects on the market are usually temporary effects, for example, accepting and then not accepting bitcoin from his company tesla was a good example of that. the market was moving before Elon Musk and his decisions and could reach high price levels, also bitcoin could recover the price without Elon Musk many times. Bitcoin is pretty much different than Dogecoin and that's not something Elon Musk can save or destroy.

Musk's purchase of Twitter and the fall of Bitcoin - is there a connection between these events? Read article here: https://www.cryptoprofi.info/?p=11830

That moment was basically the moment people gave up about Elon, sure there are some who are holding doge or even shiba and hoping that one day Elon would start pumping that again, which is a weird thing to hope for considering that we suppose to be decentralized and not depending on some whale to help us earn some money, you have a better chance sending your address to Elon and hoping that he would pay you, because why would he care about you in either way?

But, when he stopped pumping it, all the people who are smart, realized that this guy has no idea about crypto and he should not be relied upon and gave up caring about whatever he says.

Musk used Doge only for his benefits.
And guess what we were the ones who made DOGE so popular that overnight it got fame.
Now we are also the reason for which Bitcoins are falling down.
People are forgetting that Bitcoin's has limited supply, now or after 2 years it will again rise as it's a valuable digital asset.
So instead of selling their Bitcoins(which people are actually doing), if they buy more Bitcoins now, then it will be fruitful for them in the future.
Nevertheless Bitcoin has risen 9% from yesterday, and this is not for Mr Musk, so yes Bitcoin is recovering and soon it will be back in his regular pace.
Good luck to all the traders.

Sow hat Elon Musk have to do with this? Sorry but I see no connection at all mate, though it is effecting in the whole market because that rate is far high than what we expected , so best to take this into account of be affected forever.

We may remember the past and how it happen but never I think were turning like that again.
We can't deny the fact that although there are so many good things happening around at this present time, there are still worse scenarios that are accompanied with.

We could say that Elon Musk is a very rich person and really has an influence on the market but this was not enough to move Dogecoin and even Bitcoin away from the current situation. Certainly, it dumps for many reasons and Elon Musk is out of it.

I am shorting ADA and
DOGE. I believe bear market is not yet done as BTC is very correlated to big assets like NASDAC, GOLD which are bearish too.

Exactly!
This is not a new thing for the richest man in the world to dip into since he obviously bored - hence he named one of his companies.

He has better things to do than either pump or dump a cryptocurrency at the moment:
https://www.theglobeandmail.com/business/technology/article-elon-musk-says-44-billion-twitter-deal-on-hold

He is playing business man doing business men things.

Elon Musk is just a catalyst who triggered the crypto market, particularly the dogecoin. He served as a reason for the price pumping of the market as well as the dumping. Further he isn't considered as a big game changer in the cryptospace, because people realised his money making tactics. So, every statement from him is well analysed by common people. Being a billionaire his wealth won't get disturbed out of the bear trend. With time the growth happens, so surely he's gonna hold it.

But still though, bitcoin will survived this rate hike and it will proved again how good bitcoin as an asset in times like this.

I'm not sure about your title though, Elon Musk? he won't save Doge or Bitcoin because he will not. He has other endeavors and I doubt that crypto is going to be a priority with him. He is considered as a crypto influencers for some, but that's it.

The situation is not rosy, but Bitcoin does not really need Elon Musk to save it. It has crashed before and it has rallied again before. I am not so sure about Dogecoin, but Dogecoin started out as a joke, if it returns to being a joke then that's how things are.

Has Elon Musk saved bitcoin before?
If I am not mistaking, Elon has done more harm than good to bitcoin. Yes, Elon once accepted bitcoin for his tesla company which made some cool wave in the media. But it didn't last long till Elon made a U-turn and withdrew bitcoin payment. He also made some defamatory statements against bitcoin which also affected bitcoin. So, Elon is not a friend of bitcoin.

For Dodge, he keeps playing his hide and seek game with dodge. By the way, does bitcoin need a saviour?  Bitcoin is firm, what you are seeing in the market is the nature of crypto. It is part of crypto. It is an opportunity for more people to join the market.

People tend to invest where they found safe and profitable Investments. If the fed increases the interest rates many people will be happy to sell their bitcoins and put the fiat money in the banks and get the interest.
I still think that this will not be long lasting and people will rewart back to bitcoin as bitcoin is the real non inflationary asset.

Why elon? Is it just him? Bitcoin is a community, if the community is strong then who is Elon? He will not give much influence to bitcoin, he only gives gossip through his writing or words. Although I think Elon is an influential person, but he cannot regulate the market according to his wishes. I think it's wrong to rely on Elon. I think we just quite believed in the Halving period.

yeah dude, you're right, those who lose are the ones who sell, 1 BTC is still 1 BTC nothing has changed, only the value continues to fluctuate.  for those who are in crypto I'm sure many have strong hands and will not sell in a bear market like this, but for those who just entered ^(newbie) the market, i'm sure they immediately panicked and sold when they saw the price of bitcoin fell drastically.  Don't make Elon an investment benchmark because he is not an investment advisor.

Yes, bitcoin needs a savior and its main saviors are traders and investors. I'm not saying Elon Musk is a savior, but his investment in bitcoin will probably have an effect on the price although I'm not really sure he will again. But as long as the community, be it traders or institutional investors or sole investors, are willing to buy bitcoin and hold on to it, bitcoin will continue to have value. They are the saviors and it's not always with one person.

Bitcoin those not really need Elon musk, all I know is that even without Elon musk bitcoin is still going to bounce back, I really want Elon musk to even stay away from crypto because he his not really trying to save cryptocurrency, he is using cryptocurrency for his own personal interest and he is trying to boost his company which is tesla. No matter how bitcoin dump am not selling, have seen bitcoin dump more than this before and I didn't sell so now am just holding my bitcoin and waiting for bitcoin to bounce back.

Bitcoin does not need any high profile individual to be saved, as it will always work and succeed on its own. However, with dogecoin, i guess Elon can make it hype again, but no one can stop it anymore if its value will drop significantly in the end. Shitcoin will always be shitcoin. And bitcoin will always recover from all types of drops and dominate the market. Although bitcoin is currently bearish, but it won't stop there, its value will rise up as soon as the market becomes stable.

I don't worry and don't care about Elon ever when I am holding Bitcoin. He is a big whale and fuck smallholders like us. Sometimes big whales like Elon create panic on the market and accumulate. Then they become richer and we become poorer. Because we are panic sellers lol.

However, I wasn't a Doge fan nor did I have to hold it. So I don't care about Elon. I have learned a lot of things in crypto. Just need to use our own brains where we should invest. Don't need to become rich overnight.

If you think Elon Musk brings more damage to the cryptocurrency space then it is time to let go and not promote what he says. He has a huge social media platform and he has the ability to manipulate the market. From my understanding he accumulated a lot of coins before taking those positions about Tesla accepting BTCitcoin and made a ton of profit and then changed his position after booking the profit.


To be frank we are in 2022 and we do not need any savior or influencer for BTCitcoin.

That's probably true. Although, Musk's words probably don't carry the same weight in the crypto world as they did a few years ago. It seems to me that everything Musk does on social media is just PR for his companies. As an example, he used his tweets to manipulate the price of Tesla's shares, which resulted in him being investigated and fined by the SEC. It clearly shows that everything he cares about is making more money for himself, and it's probably the same in the crypto space.

Meh. He's just another guy that owns a company anyway, and not like Bitcoin or even Doge owes him something.
Bitcoin does not need the saving as it does not needed to be saved in the first place price-wise or even tech-wise. I can't say the same for Doge though as I never touched that coin even one bit.

The community would be the ones who would really dictate out on what would be the price it would be heading on but of course this is something not really be that to be predicted.

These billionaires might have that big stash or bag hold but doesnt mean that they are the ones who would be the saviour of this coins whenever there's a bear market.
There's nothing that they could do since they arent the only ones who had been holding those coins which we do know that it is been already circulated
with lots of hands which its impossible for such manipulation.

The market is in bearish for a year now and I don't think Elon Musk would help this time since during the bullish time he abandoned Bitcoin community and chose Doge instead. So, why would we care about him saving Bitcoin when it's clear that he no longer be needed in this community. Bitcoin price can grow in no time and this we experience today is just a temporary drop and at least it's still high enough compared to the 2017 ATH .

^ He cannot help because people already know about him, he manipulated the BTC price before and people don't let that happen again. So there is no way to save the BTC price during this bearish time or probably just a short correction. BTC price is unpredictable and now one can tell which and when it will grow, it is a matter of time that the market will heal and back to the price which we have an ATH. Dogecoin has already a place to shill so nothing to worry about this, Elon Musk bought the Twitter platform, and for sure Dogecoin has a place to hype.

His twitter deal is put on hold, so right now, he is still not the owner of Twitter.
Anyway, do people really think that he saved bitcoin one time?
Maybe, when it comes to doge, because with all the tweets pertaining to doge, doge achieved an ATH of about $0.73.
And now, it is in the 8 cents level. I guess, a lot of buyers are now losing from this old meme coin.
People are just waiting on his next tweet to hope for the best about this coin. That's not a very sustainable approach.

He may not really be the "owner" but at the end of the day it's not really just a guaranteed situation for him to give up at this point, it's going to be obvious for him to get it and it %100 guaranteed. So just waiting more time will not really make any difference of him being now or not, he will be. So just wait for him to become the owner and what he does will not change at all. It will definitely work in a way where he will make changes on Twitter itself, but doge and bitcoin will be the same, he won't change anything. So this is why nothing will happen when he officially becomes the owner as well.

Elon musk, the President, the queen of England or Jesus! Crypto were born exactly as an alternative to systems that seek intermediaries, centralizing agents of power. Collective intelligence will never be surpassed by a personality and giving up your power, your decision for anyone is a super mistake.

Elon Musk won't save anyone, at most he'll save himself by going to Mars after everyone fucks the Earth, in the most, he's just there for the fun. Take responsibility for your mistakes and achievements.

If you talk about Doge then maybe it will be true because thanks to Elon doge has grown strong last year, a shitcoin is not mentioned but thanks to Elon it has become a phenomenon in the market. But about bitcoin, it doesn't need anyone to save it. It's had worse days than this and it overcame them all, growing even stronger after the dips. Bitcoin is decentralized and it belongs to the community, it is not owned by anyone, no one can kill it and no one can make it better with just a few words.

if you think the fed is going to pay 9% on 30 year bonds you may be correct that rate would hurt btc and other coins.

although this time elon musk doesn't want to save bitcoin, I personally don't think it will have a big impact on bitcoin, once again I say that Elon musk's words cannot be used as a benchmark and we shouldn't take this seriously, because it has become a habit, he said always changing, I will still take this opportunity to buy bitcoin, whatever the risk in the future, I will definitely accept it.

regardless of elon musk, between doge and bitcoin, in my opinion it is more feasible to choose bitcoin in investing. So far there hasn't been a booming statement from Elon Musk, and even if there is, I think you have to be careful how you interpret it. even though he has influence in cryptocurrencies, often what he says is just a concentration breaker, if we don't understand it fully, we can get caught up in it

He can't influence the mind of the people again. Perhaps, the market suffering a huge correction turning to bearish status and no one could save this, it gonna be all of us. Well, I see the participation of institutional investors has a big impact on the slow recovery but it should also need us small market players to keep the downtrend momentum stop. But on the side of Elon Musk, he gives no attention to Bitcoin, instead for Doge.

If Bitcoin will drop more and go deeper, Dogecoin still involve and see its price drop as well. It was a market chain as per to see as the entire market is relying upon Bitcoin.

soon the market will be bullish again, it can't be stopped...

as long as I know bitcoin, Bitcoin's worst bearish was in 2019 to 2020, it lasted quite a long time and also took emotion but last year bitcoin broke a new ATH and it was the moment bitcoin bounced back. surely later bitcoin will create a new ATH again, our job is only to buy bitcoins when the price is low.

I don't think he will this time. He has already done enough influence on Bitcoin, Dogecoin, etc., last year where see BTC going up to as much as $68k before it crashes down. Unless he is going to tweet about buying LUNA, the crypto market goes crazy that might result to more buyers in a short period of time before the trend of hype dies down again. Just my opinion.

I didn't know about that on hold deal on Twitter I'm sure once he owns it dogecoin will be spamming on that platform. So, anyway, we better not include Elon Musk on this Bitcoin topic since he won't be doing something to this market anymore unless if it benefits him he might be but we all know he's just manipulating the market. So people don't trust him on Bitcoin market but still there are people who believe in him when it comes to altcoins and that is his memecoin plus owning a popular platform will help him to boost it. lol

I think Elon is actually in a position to now be the biggest supporter of crypto in the ecosystem.  It seems pretty obvious that he's going to implement Dogecoin tipping on Twitter in some fashion.  I'm sure that will be a massive positive for the Doge community and will get plenty of new eyes on the cryptocurrency.

In addition to his latest purchase helping grow the value of Dogecoin, you can't forget he also owns Tesla and that they not only own a ton of Bitcoin, but Elon has said when he's comfortable with renewable energy aspect of Bitcoin mining, Tesla will begin accepting Bitcoin for it's cars again.  This would be a massive positive for Bitcoin and if Tesla really did hold all the Bitcoin it took in, I'm sure it would send us to new highs.

Y'all can hate Elon if you want to, but if you're in Bitcoin for the money, he's probably your best bet at making a massive gain from this point.  That and the ETF becoming a reality.

What is happening to LUNA right now could happen to Dogecoin and Chiba any day now. All these coins have grown in price due to artificial hype and can lose it in one moment. I think Elon Musk is not a lifesaver and will not raise the fallen price of LUNA. He has already made quite a few mistakes with cryptocurrencies.
As for bitcoin, a drop in its price for a while will not hurt him. This has both negative and positive aspects. After all, cryptocurrency attracts users precisely with its high volatility.

The reason why Elon musk wont save Doge or Bitcoin need to be expatiate for people like us to  understand, my question is that, is it that the Bitcoin and Doge is not good to be save by Elon or is too small compared to Elon kind of business plans and business circle. Elon can not leave Dogecoin and starting saving another coin, and saving another coin like Luna is like the another way of promoting any coin, from the promotion Elon presented to Doge when the pumping of doge was on, i conclude that doge is still in control of musk

Agree. He never becomes a crypto saver, he is an influencer. And he tweets anything that looks profitable for him, not for crypto space. So, it is very wrong idea to call him as a saver for BTC or Doge.

Elon tweets still have an effect, we cannot deny it. And the people who are waiting for his tweets, are meme coins holders. For meme coins holders, Elon Musk are their hero, because Elon Musk often triggers the price of meme coins to increase massively. Especially for Dogecoin, Elon Musk often mentions its existence.

It wasn't even for his benefit, I do not think that he did it just to make money. I mean this guy is the richest person in the world so he doesn't really need money.

Tesla is building billions of dollars worth of factories all around the world, if I am not mistaken they have one in berlin for European market and they have one in Nevada as well for the American market. If they are rich enough to do that, so spending around 10 billion dollars for making bigger profits in the future, then I am sure that doge couldn't bring him anything else and he paid billions in taxes as well. Long story short, we are talking about someone who did it just for the fame and nothing more.

Unfortunately that's the trend.
Life will become more expensive globally with higher rates and higher costs of living.

We don't need Elon. I mean, there has always been rate hikes and volatility but that has not stopped BTC ever since it's inception. Doge was not really there for anything other than to be boosted and made popular by him.
 I strongly believe this is just a phase for the BTC and it will rise again.

"always"?
The world has gone for 13+ years without it.

These rate hikes are definitely a signal for something new.

That is really hurting everyone but that was life and we need to face it. We could expect, probably a double increase 10 years from now. And might expect that Bitcoin will have an increase in its price at that time. If we are buying now and then just hold for 10 years, we're absolutely making a huge profit but guess what?

Might to say we're getting rich a few years from now but our expenses and the cost of living tremendously moving high as well.

I think so too, he'll be sure to post tweets about the recent drop soon. We all know he is a bitcoin and crypto lover. While he has used his fame in the past for his own gain, he is clearly advocating bitcoin and crypto. This is something we should be glad he's on our side.
Bitcoin doesn't need anyone to save it, people find a way to destroy it but then it will stand up on its own and will get stronger and stronger.

He got his fortune through crypto .

look how skyrocketing he is in the post-crypto related tweet in the last two years , he got a huge profit through it and gain a real huge popularity as well that help tesla get the full attention from the public especially those crypto holders that loving to splash the money . i'm not sure that he is done , he could surprise us again this time.
especially thesedays .. he is loving to buy a company , we'll see what's next.

Elon is only good if the market is bullish, why? because he is good in hyping the market, now that it's bearish, his charm will not work. And you know what? I think Elon Musk is very much ready to buy the dip and accumulate the coins that he would pump in the bull season, easy money for him because he has the influence but he will use it at the right time.

Elon musk is a top influencer in the crypto space and anything he touches or quotes stands. Although he as gigantic amount of cryptos which he stocks in his wallet for the purpose to explore more in the nearest future. He controls the market with his wealth and influence, he hardly losses, he is the current CEO of dogecoin and Tesla company. Elon is Looking to make crypto popular in the universe and acceptable by all nations.

the influence he exerts because most of his followers are still fascinated by what he tweets will work. even though as an entrepreneur he is good at playing situations where it has and will happen. you're right mate, take him smart to play it and can't do what you say happens. especially after twitter is under his influence, there will be a lot that will be done to satisfy his interests as an entrepreneur who doesn't want to lose.

Before whatever does Elon Musk is tweeting, people started to make a panic buying in that token, sometimes maybe a shitcoin or what. People now  learn their lesson, they are now using their brain instead of following what will Elon is tweeting. It is true that Elon has a large amount of bitcoin holding but if it will not be enough if he want to dump it all. Before one tweet can increase the price of bitcoin, now Elon doesn't have the power he has before.

Doge is Musk's favorite pet, he fondles it and it rise up. But bitcoin is a different beast all together, don't expect musk to be capable of saving bitcoin. Bitcoin is far bigger than the empire of musk. In-fact more  entrepreneurs like musk will rise up from bitcoin economy in future. Even if musk doesn't support bitcoin bitcoin will find its way. It s a tech revolution not just a coin.

The tech revolution is the future of financial system against the inflated currencies. Musk being a billionaire mostly thinks in a business perspective, so we can't expect him to be out of the market. Surely he'll have his own plans and recently he said that he won't be selling his cryptocurrency holdings. There is possible chances of him holding bitcoin along with dogecoin which is his favourite for now. Tomorrow he can change his mind towards something else.

Elon need not to be saved, he invested what he can lose. I don’t even think this market downfall will affect him or make him think twice about the investment he did here. He knows what the future holds for him to invest this much here. I only pity those that invested what they can’t lose as it maybe in this case of the market downfall we are currently experiencing.

Doge and Shib I guess. But yeah this is the perfect way to describe it. Bitcoin is a different beast that even his wealth, he cannot tame it.
Bitcoin have been performing very well before when Elon wasn't too loud about crypto or shall we say during the time when he was still skeptical about crypto.
He knows himself he can't manipulate Bitcoin so he then find Doge where he profited the most for sure.

I don't think he ever saved Bitcoin. He's contribution to BTC is minor at best and people who think that his one tweet is making an overall diference. So we need to stop praising or vilifying him in case of crypto, there are so many factors at play here that we really don't need a scapegoat.

Elon saving bitcoin? Who's going to save Elon then? Tesla stock is down 35% in the last 6 months and even more from its ATH? In traditional market this is a huge drop. Crypotocurrencies can easily go -50% and it's considered normal, but traditional stocks rarely go down more than 20% and if they do it's a bloodbath for investors.
Bitcoin doesn't need saving. It's on its way to $100k in the next 2 years.

Maybe, Elon needs saving?  :P I am with you here, bitcoin doesn't need saving from any popular personalities out there. Bitcoin can stand alone without their help. Okay, given the fact that from time to time their tweets will give interest from newcomers but crypto market has been here long time without his participation. Now, that he sees that he can gain something from this market, hence, promoting some selected coins like doge to his own advantage.

Whatever the trend of the market right now, Elon Musk may be a great influencer but could do nothing about this. He's only good for hypes but still leave the market inevitably down after that. And with the market's condition right now, i don't think Elon can still save his dogecoin from dropping its own value. Except for bitcoin, because no matter how it drops its price, its still going to recover on their own.

Dont know on why they do really end up with that kind of idea that Bitcoin do need some saving which if we do mind off on whose the true savior is no one, it could move basing into buyers and sellers in the market

and considering the supply isnt just circulating on several person.Yes, there might be whales or big accumulators but doesnt mean that they could able to manipulate or move bitcoin as they do please to do so.

I wont be talking about his company Tesla in regards with negatives but one is sure that no one can control the market.

I think you need to go and see for yourself the market history from the past to the current time. If the market falls, that does not mean that the market is not going to go up again. What goes down can come if the falls that is pushing it upward I'd more than the force that are sending it dip. The market don't always go the we we plan cause there are different forces that are sending to a particular direction

Doesn't seem to be bothered with anything you said with his companies or stock prices of them.
He was talking with other billionaires of the world yesterday on topics such as twitter bots and climate change corresponding with Tesla of course.
So the usual.
Elon Musk on Twitter's bot problem, SpaceX's grand plan, Tesla stories, Giga Texas
https://www.youtube.com/watch?v=CnxzrX9tNoc

we don't need 1 person to push bitcoin price, or doge. after all, a coin is valuable because of its large community, not because of the influence of the richest people.
maybe Elon Musk can create a trend that can encourage people to buy bitcoin, but that doesn't seem like the development we want. it would be better if those people moved of their own accord. however, the price of bitcoin will rise sooner or later even without Elon Musk's support. I believe that there are very many investors out there ready to buy bitcoins.

As I read out there, what does Elon Musk matter? He ruined said currency, however not everything was bad, since he promoted certain things. But we have to be honest, Elon Musk is not the best asset for cryptocurrencies, one day he supports and the next not? Too unstable.

Just need to ask that is Musk only the keypoint in running the whole market? If you see that bitcoin has grown to substantial levels without his support as he just started tweeting about this whole market when he got the richest man status and influence was setup for him but now it doesn't matter a lot.

He is backing up doge which is not going to survive without his support and he needs huge profits out of it nothing else so let him do that way.

Elon is not a savior of Doge or Bitcoin, he uses you and other crypto users who are rooting for him to make money for himself. Did you see how did he pump and dump the Bitcoin and accept Bitcoin in Tesla and afterwards remove it and sell his Bitcoin? He is just using community to hype the Dogecoin and sell it at the top and you call that savior?

He has his own interest just like everyone else.

I agree that He is just fighting with everyone lol

I agree with your opinion, that Elon is not using doge to increase in crypto development because till now he has not received doge in payment for Tesla purchase, so what Elon said about doge is being hype from over-speculating, so there is nothing to follow for any news elon tweet, just a waste of time in my opinion.

As if he is a saviour or something to begin with. International market even the whole world market is down too in the past few weeks not just bitcoin and other cryptocurrencies. People should not worry too much in bitcoin but to the world market. Prices of daily needs starting to increase due to inflation .

This is not the 90s, there’s a lot of differences between now and those days. I’m not really sure what you mean by Elon Musk saving bitcoin, if anything of late he’s been a pundit of bitcoins. I think he likes to support Doge because of its Proof of Stake blockchain, but I would agree that people have stopped listening to him quite so much when it comes to these things. In large part I think people are realizing he’s a moron when it comes to cryptocurrency.

I expect something big, something which benefits the Elon Musk more than anyone which can be something like Elon coin? Who can influence people and just get more benefits.

Anyway the rate hikes initially affect the investment sector it has long term benefits even it will eliminate the fiat as medium of exchange and people will more towards better like bitcoin.

Elon musk can't stand big waves big waves no one can control it including elon musk and free bitcoin no one can control it let alone elon, bitcoin creator satoshi doesn't control bitcoin.

no one will be able to predict what @elonmusk will do with the two coins, because as long as it is still profitable, then he doesn't need to buy, just tweet what he wants, to be able to make the two coins an investment target. now with twitter already in his hands it will make him more flexible to do what he wants to benefit himself.
but will it always continue what @elonmusk tweeted with the two coins will definitely be followed? I think there's definitely time.

Big players in the crypto market like Elon Musk have long-term plans. Dodge Coin has dropped from 72 cents to 8 cents. Most of the coin returns to buy back position. Now blue wholes are prepare for getting more. Maybe Elon storm will come soon. Everyone has to wait for that moment.

I doubt that he has long-term plans for dogecoin. He is just trolling and hyping with it. But people has created a cult of Elon Musk the dogecoin saver and worship it. Again, people are responsible that dogecoin price went up when Musk mentioned it in his tweets, not he pushed price up on purpose. I cant understand why people call him dogecoin saver? Community are the ones who pushed price up, Elon did not invest or trade to pump dogecoin price up.

Elon is irrelevant, FED are irrelevant. Inflation is rising globaly and that will make cryptos rise. End of debate.

Since when did Elon become the savior of the existing crypto, he made crypto even more erratic with the origin of his tweet on Twitter, whether or not Elon's . crypro value will rise again

Elon Musk is one of the big whales Elon Musk is just like everyone else looking for profit in the crypto world Elon Musk is not a crypto controller controlled by Elon Musk is Tesla so don't just stop from an Elon Musk there are still other big whales who are not present in public and they are much richer than elon musk.

To be honest, I would not doubt Elon Musk's decisions at all. I understand that everyone can make mistakes, but I would single out a certain effect of Elon, which turns even his mistakes into brilliant solutions.

Elon mask is the biggest mistake in the crypto history and people should fight against him and his manipulation instead of supporting him or following him, he have nothing to do with crypto and i doubt that he was trying to tell people that the whole crypto us useless just like doge and shiba so we not really on elon mask to pump the market this time

Enough manipulation

It looks like people following him don't bother losing money... Cult is indeed a good definition for the relationship between him and his followers. Elon is an unstable and dangerous guy, as are the crypto investments he endorses on his twitter through serious or joke posts. Investors who care about their money should stay away from him. Musk is good in making money for himself and not for other people. That is how billionaire act. They didn't reach where they are for being benevolent or charitable.

yeah that's right. Elon Musk is just one of the whales that appear to the public. because I also think there are more whales that don't show themselves to the public. they are much richer. and they prefer to control the market from behind the scenes. Elon Musk is just like a mass mover in the crypto world but still the whales standing behind are far more dominant in the market as today the price of bitcoin has been slammed down to 29k.

Just a regular influencer. Regular but very wealthy and able to allow losses. He has never been a crypto saver, it was just profitable for him to act in a particular way. If it will be profitable to make anti-bitcoin tweets, no doubt that he would do it.

However, Elon Musk is in a trap of his reputation. No matter what he does, people praise it. If one day he will say that white is black, some people will start to doubt if isnt white really black. If he will say that eating is unhealthy, there will be casualties around the world.

The current trend has nothing to do with Elon. Its been happening for years already so people who used to seeing the roller coaster ride of Bitcoin is not really surprise on why the price is declining. Elon influence the newbies only in crypto who believe on his words, but he is not the reason why the price is moving downward/upward. Though his past action might have an impact, but it doesnt mean he is the one who can drive the price of crypto to become bullish again.

Elon Musk doesn't care about the price of bitcoin, the proof is when the price of bitcoin drops like this, is there any attempt by Elon to raise the price of bitcoin again, of course the answer is no, Elon Musk only cares about himself and doesn't care about bitcoin or other alcoins.

Why do you think Elon Musk would raise the price of BTCitcoin whenever there is a correction. He is smart enough to play along with the market and book his profit whenever he wants and not to invest whenever the market is volatile. Right now he is accumulating the amount to takeover Twitter and he wont be allocating any money to invest in any financial sector.

Elon Musk is a huge whale a very huge one. But he is not dumb to save the entire crypto investors to save them from the upcoming crash. Elon has a lot of analyst and advisers to consult so he knows when to peg his investments in fiat and when to place long positions.

Elon musk is a big cunning whale in the crypto world he plays the crypto market he doesn't care about bitcoin or any other alcoin Elon is in power because of a lot of money then what he tweets maybe the price will go up like a doge but for now Elon's tweet is considered a hoax by the pope another big.

I used to be a fan of Elon Musk but couldn't believe he turns out to be such a moron. I think we all should start with giving him less importance.

Welll he is not a big whale but a big donkey with lot of money. Oh now I feel bad for roasting donkeys.

In the financial markets, whales eat small fish that is a way for whales to survive. Elon is a very large whale, it needs a lot of food so there is no reason for Elon to save investors. Even market crashes caused by whales themselves to benefit themselves.

I agree, his only taste is money, not that he is interested in bitcoin or any altcoins on the market, what he needs is profit. As long as he has money, it will become his favorite food.

many investors lost big because of Elon Musk's actions, yesterday there was news that Elon Musk wanted to buy Twitter but the proof is that he only boasts that it's Elon because he has a lot of money so he is easy to mess with the media, so don't be quick to believe the news Elon Musk he can change the news in the blink of an eye.

Since when was the news Elon Musk saved the Doge I haven't read it as far as I know Elon Musk only keeps the Doge Coin in his wallet but that doesn't mean he keeps the Doge Coin I mean when the Doge Coin price goes down he can Don't make the Doge Coin go up again He's just one an investor who collects coins when the price of Doge coins drops, he will also incur losses. Elon Musk doesn't own the patent to save Doge.

You can't expect him either. Might he invest in Bitcoin but he keeps it secrete for the people and the majority knows that he hates Bitcoin. He indeed, gives protection and pump to Doge but not Bitcoin.

Well, the good thing is that Bitcoin will go up without Elon Musk, without the influence of any known personalities. It will pump and recover with the help of small investors, in fact, we have had this scenario before, and look, it did several times.

Elon is a product of bitcoin

If Ethereum is the holy mother of.. Have some humor for Christ sake.

Protestant on the loose.

I don't see a single evidence where it shows that Elon Musk saved doge, he was just involved in some sort of pumping schemes where he was buying doge putting up tweets and pumping it, Elon never saved it. Also talking about fed, how will rate hikes get money out of crypto? You think a person would stop investing in crypto because he is now getting 5.5% instead of 5% from his term deposit.

The singular fact that, you view crypto or bitcoin to be a balloon or bubble that you sure to deflate or maybe burst some day is such a painful sight to see and makes me wonder how you did got by this rank @OP. As a Sr. Member of the forum, you ought ought have known better that bitcoin is nothing like a hype or pump currency or balloon that is going to deflate any time. Its normal to think this way in the bearish market and the funny thing is, when it surges again, a few still gets scared.

Elon Musk have never been a saviour to cryptocurrency, he surely made impact for sure but also acted in a reverse to the trend he had set up. A bearish session is a part of the market so no need to be alarmed instead, take opportunity for a buy!

Do this man/guy really just have no idea despite of forum rank or typically just hating up crypto and call it a bubble? So whats the reason for him to stay?  8)

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There are lots of big guys who do play around on crypto market but doesnt mean that they could play along or do make out big impact if they wanted to.Yes, they accumulated lots of coins
but doesnt mean that they could easily make huge movement in percentage as they like.Community would always be the lead when it comes to market movement.
Somehow these big fellas could make out some significant effect but once the community had been done already on their behavior then they would be mostly
be ignored and wont really be having significant effect on the market.

Doge should not be in the top 100 cryptocurrencies. Actually, it's junk just as 99.99% other cryptos. Other then Bitcoin, I find Monero useful for it's privacy.

Elon Musk is talking about DOGE, then the price of DOGE goes up. Will Elon Musk be influenced by crypto. If Elon Musk is influenced by Crypto, then Elon can make Doge Coin go up. For example, Elon talks about why Tesla will accept transactions with Doge Coin. I'm sure Doge will increase in price.

I don't understand why we need anyone ( elon musk) to save bitcoin while it survived when elon wasn't richest man or he had no idea about it.

I assume you are worried about short term price drop and you are feeling that bitcoin going to zero. If yes, then you should understand that whenever people think that bitcoin is dead then only after some time bitcoin hits its all-time high.

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Who really cares!

Elon Musk is generally to some extent an icon of cryptocurrencies now. Often the course plays after his actions.

Yeah. We don't really need elon musk because bitcoin can survive and will always survive without elon musk. And yes, elon musk can bring hype to coins like bitcoin or dogecoin, but all of that was just market manipulation for his own gains and he doesn't really care about bitcoin. His way of manipulating the market and the people are too obvious and believe me, it won't always be good. And to be honest, I don't like elon musk to be in cryptocurrencies because all his doings are for his own good and for him to become richer and expand his businesses. Lol. So yeah, I agree that we don't need elon musk, and we should also not like him messing with bitcoin. Let him mess with doge who cares but not with bitcoin. Because we should not also forget the part where elon is one of the richest men in the world and one of the most influential ones in social media and is way too powerful so he can still manipulate things around so you should not like him messing with bitcoin.