I give zero chance to this because of their volatile nature. But digital (and stable) coins will replace fiat money in the future that's for sure. Governments are already developing their own digital currencies. They also care about that these currencies don't harm fiat for now. But things will completely change in time like I said.
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He is not unstable. He was not 'bullish' only a few days ago but now he is. I don't trust him anymore and I advise everyone to do the same. If you make your moves only by trusting him, you will probably be in a huge loss.
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Bitcoin is losing when we think of the probability of something like this to happen. Because it is volatile. This could be the main reason that prevents it from reaching that high level.
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His tweeting power is still not gone. He affected Bitcoin price badly by just one tweet today. I really don't believe that his power will be gone anytime soon. As long as he is an influential person, nothing will change.
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I also try to do the same but I can't. Because his every word related to Bitcoin or the market in general affects the prices of cryptocurrencies directly. If I don't follow these tweets, I can be in a big loss also.
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To be honest, I would like to be that lucky person. In fact, I really don't like this market's being manipulated. But we have nothing to do to prevent this from happening. So I think that the best thing to do is to try benefiting from this situation somehow.
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Yes, every investor should know this before starting to invest into a cryptocurrency. Volatility is one of the main features of this market. There isn't always going to be a bull market. Every investor should be ready to lose also.
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BNB to $1k is quite possible like I said before. I still think that it will happen in this year. But if we go into a bear market in the coming days, everything could change suddenly. Because bear markets generally take really long time.
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After a huge market dump, finally the top coins like BNB started recovering. And the price is now 423 dollars. BNB price to reach $1k is still very possible in this year I believe. We just need to make sure that we are still in a bull market.
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So many people were expecting SEC to do something about Elon Musk's tweets. And finally, SEC has decided to take action on this subject. It looks like Elon Musk could be in trouble. I hope that this action could help this market to be manipulated much less than before.
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The pandemic has actually affected the market really well. Because nearly everybody has been at home and it caused them to search for different things to do. And so many people have met this market and Bitcoin in this period. As a result, the demand for Bitcoin and the other cryptocurrencies has increased at a really high rate.
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People should already be aware of this before doing anything in this market. Bitcoin is just unstoppable. Governments can have it their way and ban or regulate it. But it won't cause Bitcoin to stop completely.
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In my opinion, governments can see stablecoins as a threat to their digital currency which they will develop in the future. Because they will have really big similarities. So they can think like stablecoins can damage their currency.
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Yes, that's for sure. If we go into a bear market again then we should all be ready to lose a great deal money in that period. In the end, the market wasn't going to go up all the time. This is the nature of cryptocurrencies, it is better to adapt ourselves to it.
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Everyone knows that most of the coins in the market will be erased from the market in time. There are not too many coins which are really promising. Doing a detailed research is very important especially because of this.
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Just because China has banned Bitcoin, nothing fundamental will change about Bitcoin. Yes, the price has dropped really much but it's totally normal for a volatile currency after this kind of incidents. But Bitcoin will still continue to grow eventually.
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I hope that his predictions don't come true fully. Then, there are really hard days waiting for us. It's a good opportunity to accumulate of course especially for HODLers. But short-term investors wouldn't be so happy about this. However, this is just a prediction in the end. There is no guarantee for all of it to happen.
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You can be really right about this but I don't think the thing you said is true for every altcoin. There are really promising projects in the market. I'm not sure about holding for 5 years but these kind of projects can make people a lot of money in the long run.
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Elon Musk has become many people's enemy from now on. His actions were really meaningless and he didn't have a sensible explanation for all of this. This made many people get even much angrier with him.
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Yes, we shouldn't panic because of the recent dump. Panic makes people do silly things. I didn't miss this chance to buy more BTC and ETH. If one is a HODLer, this is one of the golden opportunities definitely.
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