It's been almost twenty-four hours since Tesla CEO Elon Musk took to Twitter. He asked his followers in the poll whether they agreed with Tesla agreeing to use the meme coin as a payment option. So far, 3901106 votes have been counted. Meanwhile, more than 3 million (78.2%) respondents voted "yes" and 21.8% were against. Earlier this year, Elon Musk announced in a statement that Tesla had begun accepting the world's leading currency code, Bitcoin (BTC), and that the bitcoin received would not be converted into Fiat currency. Tesla also allocated $ 1.5 billion to buy bitcoins. It was later revealed that the company had liquidated ten percent of its BTC assets. As you know, after Saturday night's broadcast, the DOGE price fell from $ 0.71 to $ 0.44, but the growth of this currency resumed.  Source: https://u.today/will-tesla-add-doge-now-that-39-million-people-have-voted-in-elon-musks-pollAnd despite of this the price of dogecoin is still falling, I do not like that people are losing money by following Elon Musk and his nonsense but at least he is learning that all of that influence he thought he had is not there anymore, obviously those invested in dogecoin want this to continue so the price can resume its upward trajectory and they can recover at least some of the money they lost. But some investors are realizing the game Elon Musk is playing and they are not willing to let themselves be manipulated by a billionaire that is only looking for his own selfish interests. Right, many have started to disbelieve Ellon's statement, where he is good at taking advantage of opportunities to achieve personal gain, as if he doesn't care about the development of a project. therefore we must be careful to invest in certain coins |
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I've also wondered about that, my best guess would be because Altcoins are being traded as a pair with BTC (LTC/BTC, ETH/BTC for instance). On top of that, Bitcoin is the flagship of cryptocurrency, thus it's considered a sign of well-being for the market. Moreover, all of them are closely related due to their nature, sharing major characteristics with each other.
On the other hand, there are a few instances in which these rules didn't apply 100%. It doesn't necessarily mean that if Bitcoin goes down, Altcoins crash too, or the opposite, but that's what happens usually.
the increase in the price of bitcoin or altcoin is based on the large demand for that asset. and the demand is usually based on many factors. and of course sometimes whales give a big role to increase a coin. for example bitcoin where Tesla announced the use of bitcoin, and the price immediately skyrocketed |
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In fact the bitcoin market is not based on anyone if the demand is high the price goes up. The population of China was much higher in terms of crypto use the amount of its investment has decreased due to the sudden ban the government argued that it was protecting the population from cryptocurrency instability it also sought the power to regulate and tax transactions with cryptocurrencies. It is highly probable that the increased roadblocks in the use of cryptocurrencies by major us banks are driven at least in part with the us government expected to crackdown in the future.
Bitcoin price is based purely like the laws of economics. and maybe this four yearly incident was just a coincidence. more than that, in fact Ellon and China previously gave negative statements which resulted in a decrease in the price of bitcoin, but I think it will rise again, along with increasing demand. |
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Bitcoin has almost reached all the qualifications to win the currency war except for the acceptance by the government. It still needs more adoption for the world to recognize it as a top currency. However, that could possibly happen soon if people would prefer using it as a mode of payment and lots of huge establishments would adopt it.
With this extraordinary price increase, of course, many people do not underestimate bitcoin anymore, moreover, bitcoin is considered a noble asset that is good for long-term storage. but indeed until now its main function as a currency has not been able to be fulfilled, because there are still many governments that oppose it as a means of payment, but do not prohibit their citizens from owning bitcoin |
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I guess we are entering bear market based on what we are experiencing from the market few months ago. The price of bitcoin is still decreasing in the market, that is making some investors to keep asking, if it is the right time to bear market or to buy more bitcoin for future profit making.
I am not sure about that. If you called this situation a bear market, you could be wrong because the bitcoin price is still higher than last year, even for the last ATH a few years ago. I still believe that we are still in the bull run phase, but with a deep correction, the price can rise again. We can see another increase in the price in the next month, but if the price still goes down to the lower price, we need to be patient. This time can be a good time for the investor to buy bitcoin because the price is down again, and I guess some of them already bought bitcoin at $33k. bear market is just a term, for me, how can we make money in all conditions. therefore I prefer to trade short-term, even though the market is down, but I keep looking for buying areas and take advantage of bounce moments, so that I can still make money |
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Even if it isn't the exact data, it is still rings some true to it that bitcoin really did get to the trillion dollar marketcap really fast compared to other big tech companies. It is impressive how fast bitcoin got to that point but we have to always consider that it could go sideways, look at what happened this past few weeks, billions were wiped out in a matter of days.
Even if it is 14 or 16 years instead of 12 years, what Bitcoin has achieved is impressive. Google was the fastest to achieve a market cap of $1 trillion. And in case of Google, the company was founded in 1998 and within two and half decades the one trillion USD market cap was achieved. And Bitcoin was able to achieve it in almost half of that duration. And this is also one of the reasons why we should hold the coins for the long term. Look at the other companies in that list - GOOGL, MSFT, AAPL and AMZN. All of these stocks have retuned excellent returns to those who are still holding these stocks. right, we look at the long term, and hope that it will provide prosperity in our old age. we have to open the mind that investing in bitcoin will certainly have a good impact going forward. by looking at the way of thinking of the company that has been successful, we should be able to imitate it for ourselves |
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Sustainability has been a very long-running issue for us ever since the introduction of civilization. People will hoard more than they can take and leave the penniless suffering. We can see this happening right now, and most likely in the following months as the pandemic carries on. Hopefully we find a way around this somehow because if not, we'll literally die of starvation.
This happened everywhere during pandemic times. People were trying to store more consumables and groceries and some were even trying to store daily needs items. Once the rich start holding these items in bulk it creates a problem for the poor because they neither have the money to bulk up and store themselves to match them nor do they have the money to buy them at above normal prices. I think there is enough for everyone to survive in almost every country but the problem starts when one's want occupies the need of 10 and there starts the conflict of scarcity. If only a better culture was built, I think the world would be in a better place. The issue is that this is something impossible to avoid, the economy is based on the concept of the free markets which means that as long as you have the money you can buy whatever you want and the rich are always going to have an advantage over everyone else because of their superior ability to buy whatever they want, most of the time the wants of the rich and the poor do not coincide as the rich spend their money in high status items but in the case of a crisis everyone wants the same causing scarcity in the process. indeed it is very beneficial to be someone who has financial freedom, as if they can do whatever they want. they can even turn the wheels of the economy, if done continuously I think there will be a symbiosis of mutualism, but if not, then as said before, scarcity can happen, and bad things seem to be a matter of time. |
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looking at the halvings trend, the next one will probably not have such a great impact as the ones before. There is plenty of bitcoin used just a reserve and there is little movement versus the minimal also production. To move the price beyond 100k requires a huge influx of money and even hodlers cannot hodl forever if they see that what they bough for 1000 is now worth 10 life´s of hard work and a generational wealth opportunity that will go beyond their own lives.
My guess is that wall street funds getting in bitcoin will also add further volatility, as stocks investors do not quite understand how bitcoin works in terms of price and demand.
I remember last year optimistic predictions said that we could reach 100,000 USD by the end of this year. This was before Elon Musk and China declared war on bitcoin. Somehow I still think that we could reach this target, it just might take a little longer. If we can go up to 100k after the next halving it would be awesome. If we all keep our coins and buy more instead of selling it would be awesome. before Ellon's statement that came out of bitcoin and China statement, maybe we seemed very confident that bitcoin would reach $ 100000, but it turned out that the market said differently, the price experienced a saturation point and a correction. but we are sure that after the correction it will certainly create a new high |
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Many people will blame Elon musk for the entire bitcoin dip that took place even though him and China contributed to the downtrend the market was already in need of correction after the uptrend that occurs since last year I 'm just afraid to see btc break under twenty-eight thousand which typically will indicate a bear market.But if that did not happen then there is hope of going up again.
I agree with the opinion that the biggest contribution to the cause of the fall in crypto prices is Elon Musk and China, because both spread FUD which makes many investors panic. But fortunately now the Bitcoin price and some altcoins are starting to recover, even Bitcoin made it back to $ 40k. This is a sign that the bear market has yet to come, hopefully in the next few days the crypto market will get better. I really hope Bitcoin can return to above $ 50k again, but it looks like it will be difficult to come true in the near future. the statement of ellon and china had an influence on the decline of bitcoin. although currently prices are ranging, but I think we still have to be careful, because bull traps may occur, bitcoin prices may fall back down and break support at this time, but no one really knows what the market will expect in the future |
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In this season we are now, is to be strong with the condition of bitcoin price because BTC is unpredictable. Many successful investors never stop understanding a bear market which has helped many to achieve reasonable profit from their Investment. It is better to understand that nothing last forever in exchange market either good or bad.
I don't think there's anything wrong with the market. the ups and downs of the market become very natural. our job is to read the future of the market, analyze the market for a profit. in analyzing this we need experience to deal with erratic market movements. certainly no one person can win all bets on horse racing |
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We exited the bear market earlier than everyone expected. The prices might only start to surge from here. Many people said that the Korea FUD, the Elon FUD, and the China FUD will kill Bitcoin. But what it actually did was speed up a 3 year bear market into a 3 week bear market.  Bear market? The price is at the $39,000 price, so that’s not really bad. A lot of people never believed it will even reach this far, to start with. I can remember very well that when the price crossed $20,000 to $24,000 a lot of people were celebrating and we’re doubting that it is going to reach $30,000. But we still saw that happen and the price crossed the line and kept breaking new boundaries. So, being at $39,000 right now is not that bad. In the last few days the price has dropped to $34000 and recovered from there, and some people took that opportunity to earn as well. The time I am going to start saying we have entered the bear market is when it drops below the $30,000 price range. The bear market happened so very fast that you question if it has truly happened, or saying if it existed recently, would question if it was a lie. Haha. I’ll post this again. Fudsters and trolls say the market is in “fear” and/or “capitulation”. From this point of view, we are returning to the mean.  From the image you include, you can see the general market scenario. but in the cryptocurrency market the whales also play an important role, and such a scheme may be broken, because as we can see the market always seems to form new peaks, even though like in the previous year the price of bitcoin fell to $ 3500, until now. |
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It's all depends on how much of a profit I am able to accumulate after the bullish run. Quitting my day job should mean I have the resources to fund a business of my own that would cover-up for the salary l just relinquished.
But I am certain for sure a whole lot who own reasonable amount of crypto currency in their wallet would consider this after the major bullish spike we are actually expecting sooner than we can imagine
Everyone certainly dreams of having their own business, especially after the bullrun and we get a lot of money where to get the capital to open our own business. but I think I will still make money from the market, because it is a hobby, even though only a small portion of the capital we use for trading or investing |
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If you have tens of millions of followers on Twitter, your influence will be huge...
We must realize that not everything that is said by those who are influential we must follow because there is certainly a purpose and purpose in saying that. just calmly invest in Bitcoin, without hearing Elon's tweet.
right, especially if we invest in large amounts, of course, besides having an influence on followers, we will also have an influence on the market. whatever is our movement will certainly affect the minds of many people, and Ellon is doing it now, let alone making the opposite statement in the near future. |
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how could we die from trading, is there any dangerous thing in market so we have to very very becarefull. we need to prepare everything , there are alot point must checked before we start click our mouse to open transaction. trading only about patience and mental so if we could controll it, market will in same direction with us.
Well, you won't understand the adverse effect of trading if you care about your life, especially for our health. But if you don't care about it, you might be surprised what will happen to you in the upcoming days once you are under deep stress. Trading doesn't just make you lose money, in some cases, it held a cause of death. Suicide, committing huge debt, and some sort of illegal activities, in general, this will ruin your life if you we're not able to control yourself. If a trader commits suicide due to a heavy burden, I don't think it is trading, they are more concerned with gambling, which has great enthusiasm for getting easy money. therefore we must continue to learn trading to mature trading techniques and psychology, so that something like that does not happen |
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if talking about my worst mistake would be a lot. but I focused on an error where I transferred my assets to a coin which turned out to be a scam due to a referral from someone. even though I didn't get a big loss but it's a regret because I should be able to use my assets in a coin that is more profitable than the scam coin.
you got one important experience from this accident, you are the first person who did it. alot trader do same thing with you ,involved me dude. in crypto market we have to due dilligent when working everything even that small thing and looks not important at all for us. next time we have to double check before click confirm button. experience is a valuable asset in maturing our activities in crypto, everyone has experienced mistakes and I am sure that experience can make us more thorough in the future. Don't get caught up in disappointment so that we can move on and find more fortune in the crypto world as usual |
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Just like the OP, trading with bitcoin for beginners is kind of confusing which is why for that decision taken by the OP, most probably he'll begin to see some changes like for now there's an assurance of his trade getting executed as the price of bitcoin won't be having mush effect on the altcoins/USDT pair unlike that of bitcoin pairs.
Traders who are just beginning their trading career confuses their analysis with USD value when they are trading with a BTC pair, the analysis should be based on what kind of pair we choose to find the better sign of market movements or else we will never get the value we wanted unless we are just lucky. Even though the technical analysis doesn't give any assurance to the market movements accuracy but still it should one thing to be learnt by the trader who is doing short and intraday trades. right, short-term trading requires a reference to be a guide in trading. and I think technical analysis is suitable for short term trading. on the other hand, short-term trading cannot use fundamental analysis which is very time consuming |
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That will happen if the government is literally corrupt and knowing African continent ? yeah they are the Most corrupt government in the world so No wonder why their politicians are the richest in their kind.
if they will change the system then they will change the continent .
they seem to extract the wealth of the country which was previously for the prosperity of the people and now for personal gain. therefore it is not surprising that the number of poor people is increasing. and I think there must be an opposition party to bring him down |
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l have studied agriculture during my tertiary education but I find it hard to figure out how bitcoin can be used in the agricultural field.The only way is to make an investment in bitcoin or receive payment in bitcoins for your farm products which will also help to encourage it's adoption within your local community.
That's like the only way possible, and either OP could sell his/her harvest only in bitcoin or make bitcoin as an option for payment, I think that it could work because I have seen a rice retailer in my country that are selling rice with payment options include bitcoin, ethereum, litecoin and other coin that I forgot the name. Indeed, it can make bitcoin a medium of exchange, but the problem in my country is that the farming sector is still dominated by conventional people, where they lag behind the world of technology, let alone bitcoin. This should be a concern, so that more young people will participate |
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with scalping we will get a lot of profit in a fast tempo. but to achieve that result I think we must have high skills about scalping. with scalping we must be more disciplined and use high concentration, because it takes advantage of small opportunities to find cuan
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