Elon musk changed the market circles

[dimonstration]

When Elon Musk make tweet about Doge again, last two days his tweet about Doge coin and now still waiting his update will make new tweet about doge coin or not because many people waiting for his tweet and make many trader get back profit, now I wanna get back how doge can reach to higher price again.

Soon it will no longer be effective that whenever he post some tweet the price will rise up so it’s good to really take advantage to take times like this to earn and be able to buy at low price, he’s target is to engaged other businesses to enter the market, luckily we are able to know ahead of time how crypto and tradings work in the market atleast we can just by once there some signal or sign to buy.

[ven7net]

we know that there is ups and downs in the market. But this time market correction not come yet.

Due to elon mask entering to this market so big bear market not come unlike 2018 jan ?

If we talk about the global correction in the crypto market, then I believe that it will begin in 2022. It is in 2022 that a new cycle will begin in the crypto market, and as history shows, a global correction begins. As for the appearance on the crypto market of Elon Musk, this is an indicator that large companies are interested in cryptocurrencies. The whole of 2021 is likely to be the year of crypto growth, as large companies will buy BTC and other crypto assets.

[just_Alice]

The correction is yet to come, it's inevitable. The Bitcoin market cap is too big at the moment to hold still just because of Tesla's and some other companies' investments. However, this year the bull run wasn't caused as much by market manipulation as it was back in 2018, so I think we might expect some smaller corrections.

Although, if you look at the all-time BTC price chart, the exponential-like growth since Sep 2020 does look concerning and suggests we should be expecting the bear market soon, so it really is hard to tell right now what will follow.

[decodx]

The correction is yet to come, it's inevitable. The Bitcoin market cap is too big at the moment to hold still just because of Tesla's and some other companies' investments. However, this year the bull run wasn't caused as much by market manipulation as it was back in 2018, so I think we might expect some smaller corrections.

Although, if you look at the all-time BTC price chart, the exponential-like growth since Sep 2020 does look concerning and suggests we should be expecting the bear market soon, so it really is hard to tell right now what will follow.

And to some extent this also depends on the psychological impact the new institutional investors might have on the cryptocurrency space, if the result is negative that would probably be to bring back the bear market, if positive we can expect further investment into the blockchain space and make the cryto asset go higher.

Also, there is a second indicator that has caused me to question the case for a coming bear market in BTC, which is the recent shift in the macro-economic environment.

[StephenJH]

It is speculation managed by famous social media phenomena, we have nothing to do if they continue to pump their bags. The small investors follow the Twitter account of Elon Musk with using the notification function and they start to trade with the altcoin mentioned by him. The Doge has increased a lot after the Elon changing the Twitter biography to Doge, this will affect the market cycles in long run.

[Distinctin]

It is speculation managed by famous social media phenomena, we have nothing to do if they continue to pump their bags. The small investors follow the Twitter account of Elon Musk with using the notification function and they start to trade with the altcoin mentioned by him. The Doge has increased a lot after the Elon changing the Twitter biography to Doge, this will affect the market cycles in long run.

Probably the effect is not good because there's no fundamentals on DOGE and yet it's pumping like crazy, Elon hype it but he does not own DOGE, unless he will help for the adoption of DOGE which I don't think he will do that.

He made profit on DOGE already, I read some article that he made billions already, so I guess he'll look for other coins to pump.

[seramania]

we know that there is ups and downs in the market. But this time market correction not come yet.

Due to elon mask entering to this market so big bear market not come unlike 2018 jan ?

although the issue of elon musk is always raised to stabilize the market. but believe me the correction will come at any time. this is already a real thing for the crypto market and is bound to happen. so I think prepare yourself for correction

[BuNga_cute]

The year 2018 when there was a big bear market did not happen again right now,  one of the reasons I believe because of Elon Musk who supports
and invests in cryptocurrency. Elon Musk's influence is huge in the crypto world, even Elon Musk through Tesla can make Bitcoin prices continue
to rise this year. I doubt if it weren't for Elon Musk the crypto market could be as bullish as it is now. So I really appreciate what Elon Musk has done up
to now for crypto. The future of crypto is getting brighter with the support of Elon Musk.

[Pithaxz]

yes, Elon musk changed the market circles, He can pump any coin he wants up to the percentage he wants he only needs to invest and buy those coins and it will have a sudden price value increase. Look what happened to dogecoin, I believe he doesn't just hype and advertises it, but he also bought a huge amount of dogecoin. He can change how crypto market works in an instant and that is the true power in whales.

Changed temporarily I guess, this was his first time so people got hype on it, but if he keeps doing it, I doubt if people would still follow. That's normal, when a company or person is popular, they can influence the decision of the people, and that's why it causes a pump as what we have witnessed, but, it's not only for pump, there's also a possibility of dump when there are some negative news involving on the person who influence the market to pump.

Yes. still in the same case, that people are getting more and more interested in following everything that man does. like this time Elon Musk started supporting Bitcoin, if I'm not mistaken he started pocketing large amounts of Bitcoin and the hype returned. But if it is related to BTC then I have no doubt. but I'm still confused by his attitude? that he promoted Doge until the price of DOGE went up but on the other hand he himself tweeted for DOGE holders to sell as soon as possible?

[Text]

Yes. still in the same case, that people are getting more and more interested in following everything that man does. like this time Elon Musk started supporting Bitcoin, if I'm not mistaken he started pocketing large amounts of Bitcoin and the hype returned. But if it is related to BTC then I have no doubt. but I'm still confused by his attitude? that he promoted Doge until the price of DOGE went up but on the other hand he himself tweeted for DOGE holders to sell as soon as possible?

Maybe he was just curious when he first saw DOGE so he was able to make tweets related to it, or whatever the reason for his involvement even though he did not know much about this coin.  Or maybe when he was just really tripping, we don't know what his real reason was.  Then he realized that he should only invest in Bitcoin.