It will be one of the unforgettable days, yes.  We've had many bad news in a very short time period. Elon Musk, Binance investigation, China's ban... But still the market is looking not too bad right now. |
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It's really hard to get China about this. It is one of the number one countries which are working to create their own digital currencies. But China is totally against the cryptocurrency market also. It thinks that allowing the cryptocurrency usage would cause yuan to devaluate.
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Elon Musk and China combined caused the recent dip to happen. There was also an investigation started about Binance but I don't think that affected as much as Tesla's decision and China's cryptocurrency ban.
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It was giving the signals really. After Elon Musk tweeted about Bitcoin payments at Tesla, it was obvious that the market was going to fall. But I couldn't foresee China's action. The real dump was after that. Elon Musk and China combined just destroyed the prices of coins. |
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As long as the demand doesn't become zero, I don't think it is possible to see the price being zero also. So yeah, I also think that Bitcoin can't be destroyed easily. We can see huge decreases though like we are seeing now. But we will leave these days behind too.
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When I first heard the reason that Elon Musk showed for his action, I was like "Yeah, it's really funny. Now, tell me the real reason.". However, it was the real reason. People like Elon Musk shouldn't even try to make a fool of the investors. This is a serious market and people are losing a lot of money just because someone says bad things. |
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It is too late according to what or whom? Because there is no upper limit for Bitcoin price to be able to reach the most. The door is completely open. So we can't know such thing that it is too late for buying Bitcoin.
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This meme coin season may not be very good for the investors. So I think Vitalik is doing a really good thing by deciding to sell the meme coins he has. Because these coins are just like fake Dogecoin and they are much riskier to invest into.
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I think the reason might be that he has bought a lot of Dogecoin and helping the price to pump with his influence. But I guess this can't be the only reason. Then, he would do the same with Bitcoin, Ethereum etc. too. |
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It's a time consuming activity for sure and there is no guarantee for making a nice profit also. If you have spare time to be able to allocate for this, then you can go on and see if it is logical to do for you.
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The market opens opportunity for investors and I want to take the opportunity to somehow start my investment.
What should I buy?any advice?
will bitcoin cash increase 50% more from its price today? or I just go to bitcoin cause it's more safe?
I don't believe in Bitcoin Cash so much but you could give it a try as it's not a very big investment. It was on the rise for some time but was affected really badly from the recent news. |
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I don't know much about SafeMoon. But if you really need an advice about which altcoin to invest in, then my number one choice is BNB. Because I think we will see the price at $1k and it is not so far away. I also believe that Ethereum is still a good choice to invest in as I expect the price to reach even $10k at least in the long run.
^ We don't really know what will happen to this coin in the future, we criticized every new coin that will arrive but when it will go to the moon, most of us regrets it. Just like what happened on ADA, XRP, Dogecoin, BNB and etc. They had once on the top 10 altcoins in the crypto market cap. If you can afford to invest in Safemoon and include this in your portfolio, why not? As long as don't forget BTC as a top of your priority upon investing. For now, we really don't know what will happen. Just put a try that only you can afford to lose. That is it! I agree with you. As long as you won't make a very risky investment into SafeMoon, you can try it out and see what happens next. I bought many altcoins like this. Some of them made me really happy some didn't. |
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NFT market is still too hot I think. I've heard that Ebay has brought NFT system to its website days ago and also heard that Binance is also up to doing such thing. I can't even imagine how much these things can boost the NFT market again.
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The name and personality of Elon musk has been trending lately, for good and bad reasons. Some blame him for the recent down in price of btc with his recent tweet, some suspect that he has a plan to manipulate the market to the favour of doge coin which he has recently been a strong advocate for.
What if Elon musk takes this opportunity of popularity and influence to start and launch his own coin to the market?
Do you think an altcoin created by Elon musk will do well in the market?
I wouldn't be surprised if he does such thing in the near future. He is a very popular persona and has also a big influence on people. If he launches a new cryptocurrency, I haven't any doubt that there will be too many people who will be ready to invest into it. |
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Yeah, Elon Musk made a statement like that in one of his tweet unfortunately. He also stated that Tesla will start accepting Bitcoin payments again after renewable energies start being used fully. But he should have realized that his words could impact the market very badly.
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I don't think that most of the people sell their coins due to thinking like the price will go down to zero. Panic sellers are afraid of the possibility that the current decrease may continue and they may lose a lot of money.
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Yeah, the market is their playground nowadays really. The latest incidents had a bad impact on the market for example. But still I'm happy that Bitcoin price wasn't affected on a large scale. These people can affect the cryptocurrencies whenever they want and we have nothing do about it unfortunately.
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It looks like even this news affected the price positively. Because we are seeing it at $0.49 right now. After Dogecoin is listed on Coinbase, I think we will see the price increasing to a level which is close to its ATH.
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If I were you, I would keep HODLing my BTC. Because it will make you have maybe even the most profit compared to others in the long run. And actually, you can also buy ETH if you have more money to be able to invest in it. Because ETH is also one of the very promising coins now. I expect the price to reach at least $10k in the future. Maybe not this year but it will happen I believe.
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I don't know whether he is working with anyone on this. But one thing is certain that his reason was not the high usage of fossil fuels or high electricity consumption. He already knows about these things that's for sure. I see this as nothing more than a market manipulation. And we also got many negative news in the last 24 hours. I wonder whether all of these were just a coincidence or not.
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