The market corrects whenever it reaches the point where people are buying and selling based on tweets.
At any point, there are people who rely on tweets of KOLs, influencers and experts to buy or sell their Bitcoin. It is unnecessary to connect their actions with tweets and market corrections. These dips don’t matter, either you believe in bitcoin long term or you don’t. And if you're going to sell anything based on one man's tweets, you might as well purchase something else.
People who buy Bitcoin from tweets, Facebook status, signals from groups, etc. and don't mind to spend time to learn about Bitcoin, will be losers. They will shake their hands when they panic. Learning means at least read and know basics of Bitcoin. The least basic is its inflation chart. What do you see from the chart? When the curve will become flat?  |
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Many screenshots with over-large size. You can use the width option as follows, with which you will be able to display four screenshots in one row. [url=https://ibb.co/d77xSMn][img width=230]https://i.ibb.co/pnn5gwC/20210419-160156.jpg[/img][/url]
About this scam, it is very easily to realized by following signals - Make deposit first.
- Get big profits back
- Deal is too good to be true
- None of trusted companies will run promotions that require deposits first AND huge profits back AND without any strict criteria.
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I revealed my thoughts that price from $40,000 to $46,000 is very interesting to buy up the dip for short term trading. I said it thereIf deeper falls appear, I think it can be around $36,000 and Bitcoin will still be very bullish around $36,000. I am keen on the possibility for price from $36,000 to $40,000 and after that will be side ways. Before the next bull run, Bitcoin might have a massacre (next few months) from $29,000 to $33,000 and Moon onwards we go. For lower price around $40,000 to $36,000, you have to wait for the market. If price falls to $36,000, it would be ~ 30% correction.
It don't must happen but if it happens, you should feel very happy with it. It is the last call for you to buy cheap bitcoin.
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Absolutely useful.
He brings Bitcoin to the massive social media, not only on Twitter and his followers. People spread out his tweets, crypto websites, forum and traditional media discuss about his tweets. More people know about Bitcoin, it is useful.
I don't naively say all people who heard about Bitcoin will become Bitcoin investors or Bitcoin enthusiasts but some of them will be. Each 4-years bull run, the market has a massive number of new participants. Elon Musk as an influencer is only part of this bull run.
I don't step in shoes of people who feel angry with Elon Musk. Of course, I don't defend that guy, just my thoughts. Have those protesters of Elon Musk used to be a fan of him? Change quickly from fans to protesters because of temporary earnings and loses with his tweets.
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People are greed and easily accept any KYC with a hope to get rich quickly. Unfortuantely, when privacy is lost, you will never be able to get it back. Your identity can not be erased on the Internet if it was leaked and spread around. That excellent topic and three referenced articles are enough to answer your question. |
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Elon musk is the center of most bitcoiners discussion at the moment mainly because of how much effect his tweet is doing to crypto currency mostly bitcoin.
He is the hub of the forum and the crypto market because people believe he is a Bitcoin God. In fact, he is not. If a single tweet from Elon musk can send the price of btc to 45k (current price at the time of this post), then it is not impossible for bitcoin to fall to as low as below the 20k mark if all the big names in the crypto world (crypto influencers) tweet negatively against btc.
What do you think?
If you can read price charts & identify which price Bitcoin can be corrected to, you will see such news, tweets from Elon Musk/ other people/ companies, etc. are funny. Price is scheduled to be corrected at where it should go to. News are only tool to implement schedules. If you are worrying that will Bitcoin head towards $20k, it is not bad but you have to find out why $20k? Don't mind about Elon Musk, please. |
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Do you know person (telegram group, site, twitter and other) that predicted this retracement in Market ?
have you seen person is good and talent in predicted and analyze market ?
The market is unpredictable. You can predict with a mixed of results: correct and not correct. Experts can make mistakes with their predictions too. The golden rule for your crypto career - Don't make any investment or trade with all your capital. If the market moves oppositely with your prediction & choice, you will lose your capital.
- Don't regret too much about missing opportunities because it will force you to chase the market. It won't have a happy ending.
- Try to split your port folio into: Bitcoin / Altcoins; Bitcoin / Fiat or stable coins.
- Free or paid groups/ services, let's try to obey the rule #1
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People on the forum have different main interests at different times. There are times the forum was flooded with topics about following aspects: merit-related, trust-related, Covid-19 and pandemic, US President election, China bans on crypto, etc. Elon, Tesla topics will be tailed off soon because the crypto market will have other hotter topics.
Is it good to lock your topic? |
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Two reminders Basically, any deal that looks "too good to be true" would likely be a bad one. If a stranger give you such deal, will that guy naturally accept loss on his/her side, and generously gives you big profit? It is unrealistic. Deal should be as fair as possible for both sides. |
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One tweet from Musk was enough for Bitcoin to fall from 58 000$ to 46000$. One tweet !!!
Whales and manipulators are not only Elon Musk. Price manipulations are triggered with news but technically they carefully prepare things (indicators) and wait for right times to release news. One tweet of Elon Musk is a sufficient condition and it need to have prerequisite conditions previously. Does Bitcoin should be corrected before the tweet of Elon Musk? Personally, I think it should be corrected seriously somewhat. This correction, fortunately, is healthy and necessary, also called as prerequisite, for next all time high.
Long term perspective - Bitcoin performs well if we look at it in yearly low price and price around the Genesis block date.
- Ignore FOMOs and corrections, Bitcoin has years of continuous growths. Charts made months ago
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- As investor or trader, you might use Trading view that is available for mobile.
- It is less comfortable when you use the mobile version but there are some tutorial (see below)
- Reminder: visit the official website of TradingView and download app, please don't search for any app directly in app stores. You might find fake apps, especially in Google Play.
- At the bottom of official website, you will get download links for App Store or Google Play
- How to get to the specific date on the chart. Use Go to, and customize a day you want.
- Tap and Hold to Track Values on Mobile Devices!. Tap and hold or Long-tap to get details for one candle.
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Use Bybit will probably lead people to use Leverage trades that I don't recommend for newbies. To get experience in Leverage trades, especially in crypto market, you must pay learning and practical cost, with loses. The market in this year is beautiful for holders and I don't see reasons to gamble with leverage trades. Especially NO if you are not an experienced leverage trader. For newbies, the more you trades, the more loses you will have. If newbies want to trade, trade in weekly or monthly basis. Use 1 week (1W) chart to trade. Not my financial advice and it is not true completely but you can consider your entry or exit if Bitcoin makes a streak. |
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The head admin, theymos, opened a discussion for P&S moderator, three years ago. Here are the top 20 reporters in that section over the last 90 days: +-----------------+-----------------+
| realName | Non-bad reports |
+-----------------+-----------------+
| Flying Hellfish | 257 |
| rickbig41 | 40 |
| Foxpup | 29 |
| otrkid70 | 22 |
| LoyceV | 15 |
| Vod | 12 |
| BTCMILLIONAIRE | 7 |
| Sithara007 | 5 |
| marlboroza | 5 |
| coolcoinz | 4 |
| iasenko | 3 |
| lucario21 | 2 |
| bitperson | 2 |
| nullius | 2 |
| Xal0lex | 2 |
| shaun98 | 1 |
| Kaneki Ken | 1 |
| Be_Happy | 1 |
| Wolfman15 | 1 |
| Rainbow1976 | 1 |
+-----------------+-----------------+
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- Total supply is finite and can not be changed by anyone else. It is 21 million BTC
- If you have a private key of your bitcoin address, and don't reveal it or let it leaks, no one can steal your BTC or freeze that address
- The hashrate on Bitcoin network is tremendously huge that makes it as a safest network for your transactions. If you want to choose a mean to move your capital in crypto, Bitcoin network is the best & safest.
- The number of lost BTC is a gift for Bitcoin investors. It unofficially increases the scarcity of Bitcoin, then its values. [1]
- Bitcoin can be used for transactions but I'd prefer to consider it as a mean for asset storage
[1]Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone.
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Your analysis is incorrect because blockchain.com are slow to update their data.
Thank you for your explanation, as well as @stompix. I did not know blockchain data base is slowly updated. It would be better if I estimate the day of difficulty adjustment / retarget based on the block height. Because after every 2016 blocks difficulty will be retargetted. 2016 blocks can be longer or shorter than 14 days depends on the network capacity to handle transactions. I simply download the CSV file from blockchain.com and get the day of previous difficulty retarget, and did not look at block height that I should do. |
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I think you all agree this is the zone where BTC should be and this is where it will be sooner or later: 6 digits!
It is a touchable price but the matter for investors is WHEN. It is important to close your position and super important for loan borrowers. Many gamblers have many Bitcoin lost because they hold in wrong period, get rekted when BTC rose and they shorted it. Loan expiration is key for gamblers because they can not hold the loan forever. What comes after that? Hard to predict, but for now this would be the price zone putting in equation all factors involved. To the Moon!
I think the question should be What comes before 6 digits for Bitcoin price?. I can not forget what happened in 2017 with the hardfork. A massive massacre on the market, exclusively BTC and then Moon was found. What comes after that? - The market might have a period when a fall of $20,000 or $40,000 intra-day is normal
- It sounds crazy if we look retrospectively the price, there are periods BTC struggled to get a few hundreds of dollar
S2SF, Mayer Mulitple bands support the 6 digits for BTC |
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