BTC is up $4500 in 30 munites?

[barbara44]

I admit that there is indeed a connection between Elon Musk Twitter bio and the Bitcoin increase that occurred for 30 minutes, although finally
the price of Bitcoin is now down again to a price of $ 34k. But we all know that Elon Musk's influence is big enough to make the Bitcoin price
suddenly go up. Now the Bitcoin price is trying to go up again, because several times the Bitcoin price has tried to get past the $ 34k price.
Hopefully the Bitcoin price can really go up again this week.

Honestly if it was only because of Elon Musk, we wouldn't have gone up that much, just because he wrote that do you really think we have 100+ million dollars worth of followers buying bitcoin from the market? I doubt that honestly. However the price is still above 35k+ and that is the important part here, we should be focusing on that if we want to see what happened.

I do realize that obviously Elon did started it, but just because he started it doesn't mean that all of it was thanks to him, it was only the first few percentage was thanks to his followers and then it became a whole another thing of its own and that is why we are not seeing any drops anymore, we are just focusing on the 35k+ and we are probably going to even see 40k+ while elon is doing nothing. Bitcoin people should realize the power they themselves have and stop giving power to other people.

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[Pamadar]

I don't know if Elon Musk really started this increase.

The price is not at $33K but it reached up to $36K which I thought would straight fall under the $20K price mark. Maybe this is just an increase since we all know how the market move right now but one of the reasons right now is the tweet or hashtag of Elon Musk talked in this thread: https://bitcointalk.org/index.php?topic=5313053

It's not a coincident he really has a part of the pump because it happens hours after his tweet and Elon is not an ordinary investor, he happens to be the richest man now, and what he says will have a big impact on the business industry, I hope we'll have another round of tweet for another round of pump.

Yeah, you are right. I think he really contributed at that pump.

Because of that hashtag, it pumped. I don't even know how that invited more people to invest since just one hashtag made the price pump. I guess we can say that he is really influential and been followed by a lot of people that might be interested in some of his investment ventures the same with investors in his company.

Interest to ride with his fame and we witness the after effect.

Elon Musk just use the hashtag and the price went up instantly, the correction that most of the investors fear to lose money just bounce back and provide another jump, those who manage to hold and buy more while experiencing the downfall are really gaining decent amount of money right now.

[sana54210]

I don't even know how that invited more people to invest since just one hashtag made the price pump. I guess we can say that he is really influential and been followed by a lot of people that might be interested in some of his investment ventures the same with investors in his company.

Think of it like a snowball affect because that's what it is. If you stand at the top of a huge mountain all covered in a snow, if you throw in a small snowball and roll it down it will get bigger and bigger and bigger. Obviously that is just Elon musk, he shared something and that was the first snowball that was rolled and it was a small thing but after that everyone started to buy and share and tweet and retweet and hashtag it and so forth for a very very long time and suddenly we look at the price and we see that price increased over 38k. Now that is not entirely thanks to Elon musk because others were part of it, but we could say that Elon musk was the first one to start it.

[buwaytress]

I have always found that a very logical argument for selling. For example my mom had a health scare back in 2018, she was scared to have a heart condition, thankfully nothing came out of it but I had to cash out almost 50% of all my bitcoins during that time, paid all the hospital bills and if I kept that now it would have been about 50k dollars, but at the time it was like 8k or so, I have missed out on 42k profit because of it. However do I feel regret? I certainly do not, because I needed to do that, and knowing that my mom is healthy and doing fine right now (except for a minor hernia which is really nothing compared to heart condition) that is worth more to me than any amount of money.

If you "need" to sell because of a reason, that is fine, and that is what I do, I buy because I think it will go up, and I will only sell if I need the money and not because I believe it would go down.

Yup! I mean, I love "being in Bitcoin", earning it, using it, whatever, it rocks my boat. But I still try to remember it's still experimental. Looks really successful so far, and long may that continue to be, but at least if it ever goes to zero, spectacular crash, whatever, I'll at least want to look back and say the experiment did me some good. Paid for bills. Holidays. Made me look cool, whatever.

So maybe we've got to end up spending 50% of our stashes. Maybe when Bitcoin goes to $1 million, we miss out on the big pay day but it's all that using and spending and selling that helped get us there, right?

[doomloop]

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Yup! I mean, I love "being in Bitcoin", earning it, using it, whatever, it rocks my boat. But I still try to remember it's still experimental. Looks really successful so far, and long may that continue to be, but at least if it ever goes to zero, spectacular crash, whatever, I'll at least want to look back and say the experiment did me some good. Paid for bills. Holidays. Made me look cool, whatever.

So maybe we've got to end up spending 50% of our stashes. Maybe when Bitcoin goes to $1 million, we miss out on the big pay day but it's all that using and spending and selling that helped get us there, right?

No doubt man, if we miss out we miss out, I already missed out on so many increases and I am totally fine with it, I paid few bills as well and like I said some emergency stuff, but I am really not that bothered by it. I do not buy bitcoin that is my thing, I earn it and that is why I can either spend it if I want or I could keep it if I want, it is all my personal choice and I really do not feel any attachment to it in an emotional sense.

It is experimental like you said and I think I am already hole and can say that I made all I can make from it, if I have to quit work because bitcoin crashed and go work in a regular job I would be fine with it too, obviously I rather keep this one going as long as I can, until I die, but if I can't, I am totally fine with it as well, I just do not see the point in people acting as if everyone has to hold forever.

[Japinat]

So maybe we've got to end up spending 50% of our stashes. Maybe when Bitcoin goes to $1 million, we miss out on the big pay day but it's all that using and spending and selling that helped get us there, right?

Let the others do the spending,  we can help to make it happen if we continue to spread the good news about bitcoin. Me either, I'm limiting my spending, before I used to gamble a lot using bitcoin but I realized in the 2nd bull run that any price is possible and I don't want to miss the next time it will reach to the moon.

1 BTC  = 1 million usd, I think it will take time but it will likely happen.

[Janation]

I don't even know how that invited more people to invest since just one hashtag made the price pump. I guess we can say that he is really influential and been followed by a lot of people that might be interested in some of his investment ventures the same with investors in his company.

Think of it like a snowball affect because that's what it is. If you stand at the top of a huge mountain all covered in a snow, if you throw in a small snowball and roll it down it will get bigger and bigger and bigger. Obviously that is just Elon musk, he shared something and that was the first snowball that was rolled and it was a small thing but after that everyone started to buy and share and tweet and retweet and hashtag it and so forth for a very very long time and suddenly we look at the price and we see that price increased over 38k. Now that is not entirely thanks to Elon musk because others were part of it, but we could say that Elon musk was the first one to start it.

Yeah, that is true.

I think we can say that he can really make these things happen because he's Elon Musk although isn't he the one that benefitted from all of this? I mean it won't be that high in the future and for sure, we will be having some price dumps. Still, thanks to him more and more investors would be putting or investing into Bitcoin or maybe other cryptocurrencies as well since as far as I know, he's also into Doge.

[buwaytress]

Let the others do the spending,  we can help to make it happen if we continue to spread the good news about bitcoin. Me either, I'm limiting my spending, before I used to gamble a lot using bitcoin but I realized in the 2nd bull run that any price is possible and I don't want to miss the next time it will reach to the moon.

1 BTC  = 1 million usd, I think it will take time but it will likely happen.

Didn't really get what I said earlier, I guess. Even Vitalik Buterin claims he had to spend 50% of his BTC in the early days, and he had no second thoughts.

We don't make things happen by "spreading the good news about bitcoin". That's what altcoins do and it gets them nowhere. You give Bitcoin value every time you use it.

[beerlover]

Didn't really get what I said earlier, I guess. Even Vitalik Buterin claims he had to spend 50% of his BTC in the early days, and he had no second thoughts.

We don't make things happen by "spreading the good news about bitcoin". That's what altcoins do and it gets them nowhere. You give Bitcoin value every time you use it.

I think we do make good things if we just spread the good news, that is not really something bad, but we are at a stage where "good news" is already heard and we just need bigger and bigger names involved in order to get more attention. By comparison let me explain it this way, when bitcoin was around 10-50 dollars, only few percent of the world knew what it was, probably under 1% as well, but right now we are at nearly 40k and everyone on the world heard of it, not everyone has bitcoin, there is only a small portion of people still holding bitcoin but everyone at least heard about it.

So, "spreading the good news" may not be something we can really benefit from today as you might imagine. However there are still some ways it can be done, like grayscale going in with 10+ billion dollars is actually good way of spreading news while also buying, if I bought 10+ billion dollars worth of bitcoin it wouldn't be the same. So we can still have those but different ways.

[buwaytress]

I think we do make good things if we just spread the good news, that is not really something bad, but we are at a stage where "good news" is already heard and we just need bigger and bigger names involved in order to get more attention. By comparison let me explain it this way, when bitcoin was around 10-50 dollars, only few percent of the world knew what it was, probably under 1% as well, but right now we are at nearly 40k and everyone on the world heard of it, not everyone has bitcoin, there is only a small portion of people still holding bitcoin but everyone at least heard about it.

So, "spreading the good news" may not be something we can really benefit from today as you might imagine. However there are still some ways it can be done, like grayscale going in with 10+ billion dollars is actually good way of spreading news while also buying, if I bought 10+ billion dollars worth of bitcoin it wouldn't be the same. So we can still have those but different ways.

Never said it was bad, but if all people ever did was hold and spread the good news (I'm beginning to guess that's what a lot of people here do) then you don't have utility, and you don't have demand, and you don't have growth in fundamentals.

The biggest educators and proponents used it as much as possible, how else do you get adoption? Getting everyone to have and hold and never use is like... well. Bitconnect.