MyCryptoDomains (OP)
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January 29, 2021, 09:00:38 AM |
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What's gong on?
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thecodebear
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January 29, 2021, 09:08:55 AM |
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Yeah I was just watching the pump! Over $5000 gain in about half an hour.
I don't know if those redditers pumping stuff moved from gamestop and dogecoin to bitcoin tonight or what. But that is a crazy pump happening.
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arbiter5
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The Nomad
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January 29, 2021, 09:11:19 AM |
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"The cybereconomy could well be the greatest economic phenomenon of the next thirty years." — The Sovereign Individual
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sunsilk
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January 29, 2021, 09:22:15 AM |
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I have caught the price a few hours ago that it became $34k and then dropped a bit in $32k.
It is surprising and shocking to see it pump. I wouldn't notice it pumped until I've seen your update.
The dogecoins pump is probably done and people are taking their bitcoins back.
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NeuroticFish
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January 29, 2021, 09:27:22 AM |
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What's gong on?
Nothing special. It's just Bitcoin being Bitcoin. Bitcoin market is not stock market. In bitcoin 10% spikes or dumps are not that unusual. And I don't deny that I love more the +10% movements than the -10% ones. Keep in mind that the day is not over and anything can still happen. Edit: It looks like Elon did his part too in this. https://twitter.com/CoinDesk/status/1355086328120160256
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NeverSop
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HODL
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January 29, 2021, 09:28:15 AM |
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What's gong on?
I am not too surprised but cannot take my eyes off these waves. to be exact, bitcoin broke out from 31k9 ~ 37k. It is not the greatest thing with bitcoin that I have seen, but this is really good to see in life. you should admire this storm. bitcoin helped the market to activate the crypto-map green mode.
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UnDerDoG81
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January 29, 2021, 09:41:55 AM |
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This is the longest and fastest up going green dildo I ever seen. Hopefully it's not some kind of Wallstreet revenge.
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Furious 7
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January 29, 2021, 09:51:22 AM |
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Obviously Elon Musk is part of this 30 minute bitcoin rush, really so influential in crypto he's the father of all whales lol . Adding Bitcoin in its bio, which is the current trend, will bitcoin experience a significant increase like DOGE last night? I hope this happens.
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LogitechMouse
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January 29, 2021, 09:54:50 AM |
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Can we say then that Elon Musk is the reason why Bitcoin is up now . Then in the future if he will remove that Bitcoin and his BIO and it dumped, it will be his fault again . It might be that Musk has an effect in the recent spike. It can be the GameStop drama too coming from WSB. For me, its just Bitcoin doing the old things. Nothing unusual here for me.
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semobo
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January 29, 2021, 10:00:03 AM |
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Obviously Elon Musk is part of this 30 minute bitcoin rush, really so influential in crypto he's the father of all whales lol . Adding Bitcoin in its bio, which is the current trend, will bitcoin experience a significant increase like DOGE last night? I hope this happens. Possible chances because the price went like 10% up in 30 to 45 minutes like what happened with Doge last night but we can't expect 400% bullish for sure
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btc_angela
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January 29, 2021, 10:04:53 AM |
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I personally don't think it has something to do with Elon Musk tweet.
Remember that billions of bitcoin future contracts has expire or will expire this 29th, and I would say that base on it's previous history, after the expiration, the price usually spike so for me this is just the case. History just repeating itself. In any case though, it's good to see btc reaching $35k-$36k again.
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btc78
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January 29, 2021, 10:05:49 AM |
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What's gong on?
Why every time there is a increase or decrease There must be a Post coming ? Don't you Know what volatility means? and this is a normal process in this market for years now. How many times do the market needs to Pump and Dump before we finally realize that this is a common ?
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Reid
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January 29, 2021, 10:18:14 AM |
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Can we say then that Elon Musk is the reason why Bitcoin is up now . Then in the future if he will remove that Bitcoin and his BIO and it dumped, it will be his fault again . It might be that Musk has an effect in the recent spike. It can be the GameStop drama too coming from WSB. For me, its just Bitcoin doing the old things. Nothing unusual here for me. Yes, it could be the reason behind it. Looks like a lot of big investors are following him so badly that every direction he went will be their path too. I am waiting for Doge too. It could be soon. Damn, and I sold some just before that pump for my monthly groceries. I hope I could make it at the right time in my next withdrawal.
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MyCryptoDomains (OP)
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January 29, 2021, 10:19:48 AM |
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What's gong on?
Why every time there is a increase or decrease There must be a Post coming ? Don't you Know what volatility means? and this is a normal process in this market for years now. How many times do the market needs to Pump and Dump before we finally realize that this is a common ? I'm a noob chart watcher and that shocked me. I'm sorry :Z
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mich
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January 29, 2021, 10:59:45 AM |
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Its truly amazing what a simple Bitcoin logo in a twitter profile can do. Just think if more high profiled people did this same thing what would happen with price. It doesnt hurt that he also has 44m twitter followers waiting to see what he will speak of next. Elon musk has the capabilities to shake up the economy with a small action like this.
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cryptomaniac_xxx
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January 29, 2021, 11:10:55 AM |
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So we are in the FOMO again because of Elon Musk? Or someone mysterious from behind are working their magic again in pumping the price to $40k-$50k? But it's about time that we go back to the super fast rally that we have seen up to the first week of January. And for those who are shorting bitcoin, I think they are caught with their pants down again resulting in getting REKT by the sudden upward trend that could carry to the next month's massive pump.
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newwest
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January 29, 2021, 11:18:22 AM |
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Obviously Elon Musk is part of this 30 minute bitcoin rush, really so influential in crypto he's the father of all whales lol . Adding Bitcoin in its bio, which is the current trend, will bitcoin experience a significant increase like DOGE last night? I hope this happens. Possible chances because the price went like 10% up in 30 to 45 minutes like what happened with Doge last night but we can't expect 400% bullish for sure The price today tops at around 37800$ but quickly fallen by 2000$ as well. Some crazy time going in the market as again it has started to move upwards and reaching close to 37k. Time for speculators to make some quick money today with this kind of volatility which is perfect for them.
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palle11
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January 29, 2021, 11:37:18 AM |
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I got the chart of it here This is really volatile indeed. I'm sure many traders took profit and some lost too. In calculation from the chart is $38,051 - $31,963 = $6,088Wow... $6,088 is huge within the short time.
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maydna
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January 29, 2021, 02:20:35 PM |
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Besides making a profit from dogecoin, we can also profit from bitcoin, which increases again after its stays at a lower price. We thought that Elon Musk adds bitcoin to his profile, so people interest and buy bitcoin as soon as possible. But I am sure there are many reasons behind that, making bitcoin price suddenly get a pump. If the situation can still like that and have more buying orders, the price can increase more than the price now, and bitcoin will have a chance to back to $40k in the next month.
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Ridwan Fauzi
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January 29, 2021, 02:59:50 PM |
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Besides making a profit from dogecoin, we can also profit from bitcoin, which increases again after its stays at a lower price. We thought that Elon Musk adds bitcoin to his profile, so people interest and buy bitcoin as soon as possible. But I am sure there are many reasons behind that, making bitcoin price suddenly get a pump. If the situation can still like that and have more buying orders, the price can increase more than the price now, and bitcoin will have a chance to back to $40k in the next month.
Yes you will if you sell doge coin when its price touched $0.08. The altcoin price movement is so volatile than bitcoin price movement, just needs a few hours the price just comes back to the price where it starts to increase. Especially when you are a future market trader, you have to trade on a low time frame because when you use a high time frame I don't think your psychology will think using a rational brain. Elon Musk's tweet alone will not be enough to keep bitcoin prices at their current levels. There must be a driver so that every investor believes that the bullish market is still holding out and is able to push prices higher. And maybe I am still curious and doubt that the price will continue to rise, the monthly candle will form one more day, if this month's candlestick forming bullish engulfing then there may be many opportunities for the price to go even higher.
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