This is probably one of the bad decisions that people are making. Depending on other person your investment is really a bad idea because before you invest you are the one who will be able to find and do your own research in order for you to learn on where you should invest because at the end of the day the person you will trust is always yourself and at the end of the day it is your own money and you must be the one who will decide on where you should invest it.
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Bitcoin failed as a Money? Of course not mate. Bitcoin is a digital currency in which it hqs a real value that is volatile. Bitcoin is used for investing and also for something you want to buy via bitcoin or make transactions, but the thing is that are you really willing to used your bitcoin if you have some? Even though you know that it is the number 1 leading cryptocurrency all over the world? Of course not you will just hold it and make it as an investment rather than using it for a daily transaction or purposes. Just like what others says, you can use altcoin if you want to make transactions or buy things using cryptocurrency.
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Obviously your portfolio will down man due to the suddenly crash of the market on the past few days. Many of us are affected here and I feel your side man because the story of yours are almost the same as mine. I go into my province and due to that there's no signal there during the market crash and after that going back to the house that I've used to live upon checking my ports I've already down for almost 5% of all of my asset. Better if we just hold it and wait until the market recover mate.
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Every crash of the market is an opportunity for anyone or someone who wants to enter the cryptocurrency. Due to the market crash, people may enter to the market as they will not be suffer on a huge gas fees and also they will experience the down of the market then when they enter the down market eventually they will be the one to get their first profit. While the others thinks that the down of the market is not opportunity because they are just thinking that the market will just continue and continue to dump unlike with the others who have the faith and patience.
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To be honest, the real reason why I got into bitcoin is because of my friends who introduced me what bitcoin is and what bitcoin is all about. But initially the main reason why I wanted to enter in this environment is because of money and most of us is because of this reason. One of the main problem of the people is money and they are seeking for an environment in which they will be able to earn money. And that's the real reason why people are getting into bitcoin or cryptocurrency.
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I've would like to congratulate you for realizing that very good idea. Stop being a follower of Elon Musk and Saylor. Go and become a individual in following and chasing your dreams. Don't let anyone dictate you just like what this two are doing. They are the one who are dictating and indicating the price of some coins in the market. Just like for example Elon, he is the one who dictate and mark the price of dogecoin that's why it become so hype in the past months.
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There's no new here, we clearly see how China to ban bitcoin mining way back before and another one is that China also bans bitcoin transactions in their country so this news is nothing new anymore but as we are having this bad news to the crypto industry it also affects on the market situation in which this news goes along with the sudden crash of the market and I think that this is also another factor why the market is currently crashing right now.
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In my past years here in the cryptocurrency in which I've encounter so much bull run and even bear market I didn't manage to quit in cryptocurrency because I've already earning here and even there is a bull run we are still earning very well but it is vice versa when the market becomes bear in which it almost of us will experience an hard loss. Due to this experiences that I've made I didn't consider myself on quitting after this bullrun especially now that we are entering in the bear market situation.
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Being one of the famous personality around the world, Elon Musk is using his tweets to pump up the doge coin. I can't say that he can dump bitcoin alone with his tweets because there are other big players involve in it too but for dogecoin, he is single handly pumping with his tweets. But this cannot continue forever. Sooner or later, his tweet will have no effect on the prices. I wonder when that time will come ?
To be honest, Elon Musk was really a famous person around the world and we clearly see on how he manipulate the dogecoin just by his own tweets and as we noticed due to the market crash it affects the value of bitcoin in which the bitcoin dumps so hard but I am agreeing with your thoughts that even though Elon Musk will tweet about bitcoin, it may not affect it because we all know that there are a lot of bigger people in bitcoin who has a lot of holdings than Elon so this means that even he tweets about bitcoin it may have an little effect on the price but not totally he can manipulate the value of bitcoin.
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I don't think that we are currently entering the bear market because from what I am seeing, the price of bitcoin is still in a healthy value or price so that in my own opinion the market is still not in a bear market. Another thing is that the price of the altcoins including the Ethereum is still at an upper price. Just imagine that the price of the bitcoin is $30,000 and still not dropping in the $20,000 which is the normal price or the last ATH of the bitcoin.
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To be honest, I am seeing you as new here because of the little dip in the market and yet you are worrying so much. All of the pioneers and veterans here in the forum are already used to on a little dip in the market. If you are not full confident on your investments then you can get out on the investment and if you are not that risk taker then probably this industry is not for you. Make a practice that whenever you are entering here you must ready on what would be the possible consequences of investing in crypto.
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How come almost on-one didn't bat an eye when Elon was pumping BTC by tweeting about it? In fact people were encouraging him to tweet about BTC or doge, and now it's suddenly market manipulation and potentially illegal when he is tweeting shit about it and it's going down?
Actually this Elon was really a manipulator and indicator in the market in which everything that he tweets become a major asset and reason on what would be the outcome of the market. I've seeing this as a bad habit or bad activity because of these scenario many people are having a hard time on reading the market and due to these happenings many people are getting hype on every coin that Elon is tweeting.
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It is really imposible that Elon Musk and Satoshi Nakamoto is only a one person because in the first place, Elon Musk recently invest in cryptocurrency. If he is the teal Satoshi Nakamoto then once he gets rich he will be able to invest all of his earnings into the cryptocurrency which is his own project * if Elon is Satoshi*. But no he just make his movement and investment recently so I don't think this two person is the same.
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Actually on some point it is true that the crypto becomes the playground of the rich man because imagine that those who are rich and the one to purchase or buy cryptocurrency snd they becomes the big whales in which they have the power to control the market. That's the reality, the rich men are more powerful than the average person. Accept the fact that crypto nowadays becomes the playground of the rich men.
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If hodl is not the best option to avoid and cut the losses today then what would be the best option that may suit to us? The thing is that we are saying it without any prior decision. If we immediately sell our holdings and our whole assets in our portfolio then probably it may turns out that we loss so much but if we just hold until the market comeback or bounce back again then people will not experience heavy loss than panic selling.
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it's too late to buy Bitcoin. Its value is increasing day by day.We should have bought it couple of years ago. In 2025 people will say it again, it's too late now. It us said that the future economy will depend on bitcoin.
It's not too late but if you will not buy today which is the market is in a red stage or in a very bad condition then probably it is the right time to buy bitcoin which is in a dip price or value. The thing is that this will be the final dip of the bitcoin and the market or it is just the initial dip of it? If you think that it is already a dip then probably this is the perfect time for you to buy it and don't be late on this part. Just like what everybody says it is better late than never.
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To be honest, I am not sure if $30,000 will be the final dip of this market because upon seeing today the price of the bitcoin which is dip already is $38,000 in which it just happens for almost a night. The whole market collapse and the price of each coin dump just over the night which we clearly see how risky to buy on this dip right now because we don't know if the market will continue to dump or not especially when it comes to bitcoin.
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A few years ago when the pandemic is not yet coming to our economy or when the virus is not yet starting because physical gambling is the hype in which live poker, live tables are the ones who are in the mainstream but due to that pandemic is happening into us. Online gambling becomes more popular than live gambling and it is because of the pandemic in which people are limited to go outside and to lessen the mass gathering that will be brought by live gamblings.
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If the terms of the casino are that it requires your personal identity in which they will acquired you to submit first a KYC to them and some legal documents and the Crypto-casino has a good standard and good standing among the casinos out there then maybe I will agree on their terms and regulations. But the thing is that it is a crypto casino meaning they are accepting cryptocurrency in depositing and withdrawal then why should they ask for your identity? If they will just give your winnings in a form of cryptocurrency? Unless they are supporting FIAT currency in withdrawal.
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There is a lot of crypto enthusiast that are followers of Elon Musk the indicator and manipulator. There are so many people saying that Elon Musk is an Indicator and manipulator which just like his tweets on Dogecoin which we all know that the primary reason for the hype of this coin is due to the tweets of Elon Musk in which many says that the price of this coin always depends on the tweet of Elon. So my thoughts about the Tesla will stop accepting bitcoin in their transactions is because they just want to manipulate the market in which it makes bearmarket.
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