Are you guys currently using bitcoin to make payments or making purchases with bitcoin? maybe for invest only? I'm just wondering if bitcoin will recover from that tesla did.
Nowadays, I use Bitcoin for only investment purposes. I was really hyped after hearing about Tesla's starting to accept BTC payments. And I was thinking about it seriously. But things have changed really quickly and Tesla doesn't accept it anymore at least for now.  |
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Elon musk seem to be enjoying his life and catching fun with it. What is he up to again after tweeting Tesla won't accept bitcoin as payment.
Musk seem to be riding the market the way he likes. I'm sure he knows that would create panic and push price down.
Will musk always have a big influence to the direction of price in cryptocurrency.
He has been responding for dogecoin hype and growth , now he is trying to cause panic in price of bitcoin and that has bleeding the market since 24hours.
He can be really an interesting person sometimes. Because his reasoning for Tesla's putting an end to Bitcoin payments is really ridiculous. I think there is no way that he didn't know the high electricity consumption thing for BTC mining. |
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After Tesla made a statement like they won't accept Bitcoin payments anymore, it affected the market very badly. BNB price has also been affected by it and now it is below $600. But I think it will recover soon again. It was just a reaction to this news. After Bitcoin price fell, other coins also started going down.
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2. This coin has no limited cap. It goes on forever like fiat. We all hate fiat for that.
This is one of the biggest problems for Dogecoin. If it has unlimited max supply, then what is the point here? It has no difference than fiat money in terms of this feature. And this is also a factor which prevents Dogecoin from reaching much higher prices than now. |
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Bitcoin mining actually don't have to use only electricity. Renewable energy can be used and there will be no need for high electricity consumption anymore. Besides, renewable energy already started being used for mining and I hope it will cut the need for electricity completely in time.
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I also don't think that it is related to fossil fuels being used for Bitcoin mining. If you were thinking like that, then why did you start accepting Bitcoin payments in the first place? This is nothing more than a market manipulation.
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Elon Musk's decision affected Bitcoin price really badly. It came down to $46.9k in the last 24 hours. But now, it seems like it has started to recover again. Now, the price is $50k. This kind of news manipulate the price but they don't affect that bad anymore. Because Bitcoin is much stronger now. |
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As the expectation is really high, I think the most logical thing to do is to HODL now. Maybe it won't reach $10k or so very soon but it has the potential to make it there eventually. Maybe in even the next year, we can see it happening.
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Signing a petition won't help anything about it. This is in vain. I haven't even seen anything on change.org helped something to get better also. We must accept this market like it is. It can be manipulated easily. And it'll be okay for me as long as the manipulation is in a good way.  |
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Dogecoin is actually just one of the shitcoins in the market. Its makers even said that they made it for fun. I don't know why but Elon Musk started manipulating especially Dogecoin. And it looks like it will reach $1 soon. It's really frustrating to see that the cryptocurrencies are easily manipulated like this. Damn. You are so wrong. It was created as meme coin in days when there was not that much projects. Collected great community, good devs, and is now a better product with better adoption than 99.99% of "serious coins".
People underestimate doge. Price is too high currently. I agree but its not eveluated that high only because of Musk tweets. Doge: 1 - was very stable against BTC for years.  6 years ... ~25 sat on average with many pumps as soon as price dumped. If I was banned from having bitcoin (for unknown reason) ... i would swap to DOGE as soon as price would dump to 20-25 sat. 2- DOGE has huge community and no centralized identity since first devs abandoned project (just like bitcoin was abandoned by satoshi) 3- Doge is one of 3 most used coins on crypto casinos and similar sites 4- Doge is one of 5 most often available coins if you want to use crypto as payment I have few more. Because of all of above I think I'm one of first people that dare to call DOGE a digital silver (if we consider bitcoin to be a digital gold). Not litecoin, not etherum. I don't know, man. I haven't even known much about Dogecoin until Elon Musk started tweeting about it very much. And the price started to increase so much that made me think like it can't do without this manipulation. We will see what will happen if he stops supporting it. If it doesn't go back to its old days, then I'll grant you right. |
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If Bitcoin price hits $1m, I will get rich first of all. But I guess I won't sell all of my Bitcoins in such situation. I would keep some of them for HODLing purposes. Because we never know what level Bitcoin will reach the most. |
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In this pandemic period, many people have met Bitcoin and started using it. And it's really great for Bitcoin to be adopted even faster than ever. More people are making investments into it and using it while buying something also. And like you indicated, it's much safer compared to fiat.
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Hi  I'm new to the crypto space. I'm looking at the ETH graph and I'm unsure if I should buy now. But its at an all time high, and I was taught to buy low sell high. I really don't want to be a sheep, but what if the price keeps going up? Should I just wait for it to go down and just buy the dip? If you aim to HODL the amount you are going to buy, then it is sensible even now to buy some. And I'll give you that about the buying-low thing is the best option of course. Because you can be in a big profit even earlier. |
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Hello Guys what you think about etherum. Is etherum touch 5k in this may month ?? I see very much potential in etherum what you think ??
For this month, it seems not very likely to me. But I think that we will see the price at a value between $4k-5k in this month. And if the bull market goes on after that, then there is no reason for it not to reach a level above $5k in the next month maybe. |
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I find it really low amount of investment considering their marketcap which is around 73 billion dollars now. But it is still good news for Bitcoin adoption of course. And maybe they might have a strategy like MicroStrategy that made $10m investments in parts instead of investing all of it at once.
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Billionaires have a big interest in cryptocurrencies recently, it is true. The thing what is not true is that they can own Bitcoin like their property etc. . How could they do such thing when it comes to a decentralized money system? Nobody owns it and won't be able to also.
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You definitely were not wrong about doing it. Choosing to HODL is not a bad thing, it is the opposite actually. If you have especially Bitcoin, I strongly recommend keeping it for a long time. It is the best way to be in a big profit. |
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It must be like an instinctive thing for this kind of people. They don't want to miss the train and want to jump in. But in fact, one should be very careful about their investments when there is a bull market going on. Because it can end any second and it may not be good for that kind of investors.
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I actually prefer doing it sometimes. It depends on the coin which I invested into. If it's a coin like Bitcoin, Ethereum etc. then I don't do it mostly. But especially for the other altcoins, I prefer it as I don't trust them more than Bitcoin and Ethereum. |
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As long as making investment into cryptocurrencies is not forbidden in your country, there must be no chance for banks to do such thing. In the end, why would banks do that when there is no reason for it? It doesn't make sense.
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