|
Username: finaleshot2016
Current Post Count: 3338
Current Rank: Hero Member
Bitcoin Address: bc1qt4qjy0fzspcdm8rpm2zzjlfctqxhunmnjw79jk
|
|
|
|
Will musk always have a big influence to the direction of price in cryptocurrency. His market manipulation will not last long because most of us have been frustrated and are aware of his market intentions. If he just uses crypto to increase his wealth, many people will lose interest in following him. Most small investors followed him for the sake of profit; however, now that they believe Elon Musk has misled them by market manipulations, some will unfollow him. After this event, the price started to recover again and we saw $50k+ today. But it has gone down below $50k again. Not just Bitcoin, the whole market has been affected after it. I wonder whether this will also cause the bull market to end too.
The market always crashes when BTC crashed, that's what I've noticed about the crypto market. BTC is really the OG. |
|
|
|
|
The majority of coins are currently very cheap, but one coin, in particular, $ADA, has remained strong until now. When BTC collapsed, affecting the entire crypto market, $ADA was relatively cheap at the time, reaching $0.9. Consider buying at a discount; your money would be worth twice as much right now.
Some people are extremely lucky, such as myself, who were able to buy my coins for a very low price in early March, but others earned a discount.
Still worth it to buy altcoins, some of them have a lot of potentials so make sure to drop your money on the dip right now!
|
|
|
|
|
Is this some kind of shitcoin? If that's the case, it's safer to invest in Safemoon, which is a shitcoin that could become a utility coin if the Safemoon wallet and exchange are published. ElonGate, SafeMars, SavePlanetEarth, Cum Rocket, and a slew of other shitcoins are just a few examples. Just a few of them last longer and beat many ATHs, so if you're going to invest in a shitcoin, make sure it has a good project roadmap, as most shitcoins are community-oriented.
Yes it's a pump and dump, shitcoin will be always shitcoin but in reality, many people are earning easy x2 x5 x100 because of this scheme, trading is all about money. Don't say it's crap because some of you are still investing in Doge, another meme coin with no utility. There will be always money in shitcoins.
|
|
|
|
Elon Musk has made new tweet about Doge again as always. It has been seen for some time now that Elon Musk is benefiting himself by increasing the price of Doge through new tweets. He tweeted asking if Dogecoin will be used to buy Tesla. But after his tweet, Doge price is going down, which means people are understanding his purpose. You can see his tweet from here: https://twitter.com/elonmusk/status/1392030108274159619?s=19Because of what happened recently, I will no longer be hyped on buying doge and using it to buy Tesla; all of this is nonsense, and the only people who will profit from it are the people who will benefit from it. I support Elon's marketing of Doge as a "meme coin," but if his statements have an effect on the BTC market, I'm concerned that he will gain control of the cryptocurrency's main market. But, yes, I want Doge to be a payment method; at the very least, Dogecoin would become a utility, and its price will rise as a result of a large corporation accepting it. Doge will reach 1$? Of course it will because of this. |
|
|
|
He didn't kill Bitcoin; instead, he tarnished his reputation in the crypto world, and many of us, including myself, are now disappointed in him. It's clear that Elon Musk or his team didn't do any study on Bitcoin, and one of the fundamentals of cryptocurrency is to do your own research, which they didn't seem to do. They claim that Bitcoin uses a lot of energy, but in fact, a lot of energy is wasted on other non-sense stuff just to keep us entertained. Besides, it's just a simple correction for me; I've seen a lot of dumps in the last few years, and I won't be scared by this simple dump. Read this, BTC uses renewable energy. https://coinshares.com/assets/resources/Research/bitcoin-mining-network-june-2019-fidelity-foreword.pdf |
|
|
|
Karma LOL Imagine this. He is buying more bitcoin now with the discount price. Once his bag is full then he will make a positive tweet about Bitcoin and price goes back to normal I mean around $60k again. Musk gain even more! Those small investors are the one who always lose, unfortunately. Anyway, I do not think this crash is something to be worried. Bitcoin has its own pace. One or two may be able to manipulate the market but it won't stay long. It's a shame that some newcomers depend on Elon Musk, who, despite the uproar, will continue to buy more bitcoins in the dip and will own a large percentage of the market to dominate it. That's what I'm thinking right now, and it might happen if things keep going this way. However, those who join the hype train because of Elon cannot be blamed because it is a simple profit for those who join the hype train. But they should now understand that we're investing because bitcoin is so powerful, not Elon Musk. |
|
|
|
A sudden price drop in the crypto markets along with the deepening points loss in the dow jones point to a a slow and steady downward trend as of late. Is the bull run of 2021 over? Are these the marks of the beginning of something much worse to come? A major recession, a new crypto winter? What could possibly be next? Any comments and thoughts are more than welcome.
You can blame Elon Musk for trolling the entire crypto community and the whole market for the sudden crash. He announced that Tesla will no longer accept Bitcoin payments because according to Musk, cryptocurrencies are hurting the environment. Moreover, environmentalists were claiming that Bitcoin mining was taking a large toll on electricity, which is solely based on fossil fuels, especially coal, and were against Tesla's option to receive Bitcoin payments. What an irony, the large scale of battery production isn't that environmentally friendly either, but no one is commenting on that. It's clearly market manipulation, and I despise what he did because, if he really supports bitcoin in the first place, he should've known what effect bitcoin mining has on our environment, right? It's not an excuse to say he just did some research because he has a lot of good people or experts who can look into those details. But.. he also clarify that he didn't sell his bitcoin but still, people should learn from this that he's not the icon for cryptocurrency. https://www.reuters.com/technology/tesla-stops-taking-bitcoin-cites-fossil-fuel-use-mining-cybercurrency-2021-05-12/ |
|
|
|
I’m a newbie in trading. I want to improve my trading skills. I have heard some experienced trader said that I should learn and read more before start, and also get some experience. Trading requires a lot of patience and hard work, learn about the way to analyze the price chart, when they can be able to analyze price chart they will know the best time to buy and sell and know which one is the best coin to trade…
I tried one but I falied. There is something I don’t know? Please tell me more.
Failure at the beginning is what everyone goes through when starting the trading career your not the first neither will you be the last it's part of the price towards becoming a successful trading, if you aren't failing you aren't trying, whenever you fail you learn a lesson and you become smarter and wiser than before, so keep trying don't forget to watch some trading tutorials and read some books, keep trying till you become a professional trader, it's all about your determination. failure by novice traders is a common occurrence, but we can take lessons from these failures, so that the future will be better. Traders who can survive in the market are those who have experience, that means every trader must always practice until he finds a trading style that is comfortable for himself, so that they can enjoy every profit or loss. Failure will still occur once we get blinded by the profit. Yes, it's good to learn from people's mistakes so we can play safe in our trading activity but mistakes will still occur once we became greedy on investments. This is my experience as well, I've lost a lot of money due to mistakes of entries and position, that's because I'm too excited to gain profit. We should apply how technical analysis and chart pattern works on trading so we can't lose a cents on trading. |
|
|
|
Why people still buy stocks?
If with crypto much bigger profits *
3% daily gain is nothing If you can get 100% profit with Good coins pump.
How the Hell people Even get rich with stocks with so small profits?
If you're employed, you're aware of the importance of stocks in the workplace, particularly if you work for a reputable and large corporation. Let's take Tesla as an example: if you buy Tesla stock, you'll make a profit without thinking about it because you know it's not the type of asset that will drop suddenly, it's not volatile. Yes, crypto makes money, but not all of the time, and the most important thing to do is study the market and ensure that you make money. |
|
|
|
|
I'm really disappointed with what Elon Musk did but yeah, Bitcoin is still bitcoin, we should buy it because bitcoin has the potential not because of other 3rd parties who are promoting Bitcoin. Since Tesla is an environmentally conscious organization (as shown by their products), I believe it was the correct decision to discontinue the BTC payment method if they were aware of Bitcoin's energy consumption issues. It could tarnish their image as a massive corporation.
But still, not a good way of manipulating the market, so much hate.
|
|
|
|
|
This could benefit those who keep gambling, particularly now, when, as you said, most gamblers are spending 24/7 in their homes gambling due to the pandemic, making them more vulnerable to gambling addiction. It's a serious problem that most of us can't even regulate or discipline ourselves when it comes to gambling because we have the mentality of making a quick buck. May I consider defi trading to be a form of gambling as well? If that's the case, money drive us insane. It keeps me investing in coins that have no guarantee of going x2. So be cautious about something that involves money because it will make us greedy for profit, particularly now that the pandemic has hit and we don't have any good sources of income; many people have lost their jobs, and they are thinking of gambling to benefit rather than saving.
|
|
|
|
I'd rather keep my bitcoin than gamble with it; there are plenty of other altcoins that can be used in gambling, and using BTC as an asset in platforms carries more risk, as we all know that it keeps rising and crashes sometimes, making it extremely volatile. There are currently other cryptocurrencies that can be used in gambling; however, I recently used LTC because it has extremely low fees compared to the other big cryptocurrencies. It's better to save those tx fees, it might be valuable soon or later, choose the right cryptocurrency if you ever had the chance to change. There will be no pint of continuing with bitcoin gambling when bitcoin values in million dollars and transaction fees are in hundreds of dollars.
The same argument was used a few years ago when Bitcoin reached a value of $ 20 k for the first time, and maybe even before that. Nevertheless, many people still use bitcoin for gambling. And who's to say casinos won't implement LN payments or other sidechain transactions in the future? Maybe since the majority of casinos and online gaming sites only accept bitcoin and ethereum as payment methods, both of which have exorbitant transaction fees. |
|
|
|
|
I've already stopped searching for airdrops because it's been a waste of time for me in recent months. Idgaf on airdrops because it turns out to be a scam or another shitcoin of no meaning, but now that it's altcoin season, I can see another light on airdrops because many of them can really go to the moon.
For eg, we thought the FREE coin would have a low price value, but it recently skyrocketed, and I should be able to get more money right now if I just hodl that airdrop.
I'd rather invest in shitcoins and hope for an immediate tenfold return than invest time in airdrops and hope for a higher return.
|
|
|
|
I think it is a good time to invest in Ethereum and Binance Coin right now. After Elon Musk's high manipulation of the market, the prices of them both came down. And I think this is one of the nice opportunities to buy some and HODL them.
This is what I'm trying to say: It seems that Elon Musk is attempting to control the market, and as a result, the BTC and other markets have crashed. Now is the time to invest in potential coins like $ADA, which has a lot of potential.
If we look at the Cardano or ADA roadmap, we can see that smart contracts or gougen will most likely be completed in the coming months, which will usher in the defi trend. If you've put a lot of money into it, it could grow. Look into the BNB; they launched their smart chain last year, but the BNB value is currently sky-high, having risen from $40 to $600 in just a few months. I'm a big fan of ADA right now; it's the coin in which I've put a lot of money so I'll be able to use those ADA coins in defi soon. |
|
|
|
There's a chance it'll hit $10,000; the ETH bull run is just getting started, and hodling your coin will help you make more money. Since ETH has the strongest network for launching smart contracts like BNB, it is very likely that it will reclaim or break another ATH. Just make sure you're buying the dip, recently the BTC crash and affects the other market because of Elon's tweet, that's the chance for you to buy those potential coins like ETH! |
|
|
|
|
FOMO stands for "fear of missing out."
People sell due to FOMO (fear of losing out), and others who can't even keep a coin for a week haven't done much research on the coin they invested in. That is why research is one of the most important aspects of trading, particularly if you want to trade for a long time. People are afraid of losing money, so they sell all of their assets to avoid losing money.
However, they are now losing a lot of money as a result of that method due to market fluctuations.
|
|
|
|
I do feel that I was wrong for doubting that dogecoin can even reach as high as 0.1$ knowing that there it is just a memecoin and doesn't have any utility uses but seeing how it massively pump up to at most 0.7$, I guess that dogecoin can reach 1$ and more especially that time to time its number shiller Elon Musk keep on tweeting on this coin.
Don't feel bad about it; keep in mind that this is merely a pump and dump scheme; the transition of Dogecoin from a meme coin to a utility coin is still ongoing, so the rise of Doge isn't widely expected. The time I saw some major platforms that accept Doge as a payment method, I realized that 1$ could happen really soon! Particularly now that Elon Musk has announced that Doge will be used to finance the Doge-1 mission to the moon, which will take place soon! #DogetotheMoon https://www.prnewswire.com/news-releases/spacex-to-launch-doge-1-to-the-moon-301287016.html |
|
|
|
|
Show Posts
