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Author Topic: Elon musk changed the market circles  (Read 781 times)
udayantha11 (OP)
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2023 would most likely be as bearish as 2022


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February 10, 2021, 03:35:30 AM
 #1

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 ?


we all need universal power and cyclist of Everything
-2023 would most likely be as bearish as 2022-
=BTC will make it, but might be a long winter=

Stronger the storm, brighter the rainbow
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February 10, 2021, 03:42:50 AM
 #2

Not just that.
It helped boost the Bitcoin market but it ain't because of him that the market plunged.

I think the people are seeing the importance of cryptocurrencies now.
It is the future, no doubt about it. Even Musk risked his profits for it.
udayantha11 (OP)
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February 10, 2021, 03:45:26 AM
 #3

Not just that.
It helped boost the Bitcoin market but it ain't because of him that the market plunged.

I think the people are seeing the importance of cryptocurrencies now.
It is the future, no doubt about it. Even Musk risked his profits for it.

after adoption of payment to testla, if i pay 1000usd in btc ..  if btc prices go down testla loss. but if increasing tesla get profit get from increment too.

we all need universal power and cyclist of Everything
-2023 would most likely be as bearish as 2022-
=BTC will make it, but might be a long winter=

Stronger the storm, brighter the rainbow
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February 10, 2021, 03:58:23 AM
 #4

Now that Tesla invested in bitcoin and more famous companies are rumored to invest also bear season won't happen anytime soon. Bitcoin is much more stable now and won't crash that hard unlike what happened in 2018. Some altcoins also are reaching their new ATH. Market correction is normal but this time I don't see it to dump that hard like bitcoin going below $30k.

I know that many or all of us are scared for that to happen again. But it won't hurt to take profit if you're already at gain. We should already learn a lesson from that experience.
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February 10, 2021, 04:10:07 AM
 #5

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 ?


It might be true consider we have no institutional investors a few years ago but this time it's a bit different. Crypto has been starting to build the fundamental support since the last dump and this time the institutional investors have been making it even stronger than before. More and more institutional join in crypto and that will make the old trend will not repeat again.

We have passed the date when the bearish market has come in the past.

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February 10, 2021, 04:33:47 AM
 #6

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 ?


That is likely to happen when someone, an influential person talks publicly. He did the right thing for me, everyone who is investing in crypto making the benefits out from this and they are happy the way the market hypes.

We can't stop it now, Bullish season has come stronger and stronger. People are now buying more believing that $100k will be the next ATH causing the demand to tend to go higher as well. I do respect dumps but that was a shortcoming and at the end of the day, it will turn back high again.
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February 10, 2021, 04:55:44 AM
 #7

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 ?



And who said how quickly and when the correction should come? A bull market can last several months or even several years. It's true that Musk's behavior made cryptocurrency market much more active, but he started doing it during the bull market. I'm sure he couldn't have done it at the bear market.


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marcbitcoins
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February 10, 2021, 04:59:50 AM
 #8

We'll see what Elon Musk does in the coming days regarding Bitcoin, but the fact that the richest man in the world wants to become a Bitcoiner is a good thing. With 44 million followers on Twitter, Elon Musk has a big influence in which Bitcoin and its holders will surely benefit. Also, It will be a great thing if he uses his aura to help as many people as possible to truly understand the liberating power of Bitcoin.
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February 10, 2021, 05:57:36 AM
 #9

I will say that the situations will be different in 2018 as this year we see more companies invest in bitcoin, which can trigger the other people to follow what that company did. With Elon Musk paying attention to crypto, especially for bitcoin and dogecoin, it boosts bitcoin and dogecoin to increase, and people are investing in both coins. Perhaps, it is easy to influence other people to follow the step if we have power, and Elon Musk success to do that.

The market correction itself already comes to us, and we already see the price, whether bitcoin or altcoin price was up and down many times, so we can have a chance to make a profit. I guess this situation will be like that this year, but we must still be careful with anything that can happen.
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February 10, 2021, 06:02:26 AM
 #10

it just hasn't come. I believe this market will undergo a correction. If you have been in this market even before 2017, you should also know how to market experience moves. The market is currently at its peak but won't erase any future corrections. the crypto market will always be like that.

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February 10, 2021, 08:15:18 AM
 #11

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 ?


Everyone questioning Bitcoin and other cryptocurrencies lately. The possible scenario of 2018 scares everyone. The huge buyout of Elon changed sentiment in the market. The increasing price will urge other public companies to invest in cryptocurrencies soon. Literally, Elon rescued cryptocurrencies from falling. It will be a precedent for many other companies.

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February 10, 2021, 08:27:17 AM
 #12


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

bears will definitely come, but not now. therefore always be prepared for this possibility. although crypto now has good fundamental support, the current market growth feels like a big bubble. so one day it will definitely break, and this will create a very big bear. so if there is a correction later, it is better to be careful. because it might be one sign that the trend is over.
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February 10, 2021, 01:05:12 PM
 #13

In 2017, the bull run was then led by retail investors or by the people like you and me, and consequently it was not able to sustained it through 2018...then we experienced the excruciating crypto winter pushing people to question their involvement worth cryptocurrency. Now, the coming in of the big investors changed the whole game. They got big money, and they are here for the long-term. No more weak hands, as they say. Elon Musk has just become the very symbol of these big investors who are getting into Bitcoin. And there can be more in the next months of 2021.

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February 10, 2021, 01:26:00 PM
 #14

we know that there is ups and downs in the market. But this time market correction not come yet.
It may come but the possibility for the big bearish trend to happen is really small right now at least it may come but for this year maybe. Bitcoin and crypto have been starting to get massive adoption from all of people in various countries.
Elon musk has been creating very


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

It's not only elon musk but this time crypto started to evolve to be even mature than before. There are lots of working product and less BS projects in the market.
That was also attracting people to come in the crypto space too.



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February 10, 2021, 01:33:59 PM
 #15

Although Bitcoin's market usually has patterns, institutional investors are joining now in a domino effect. Expect irregular market moves since right now it's the rich moving large bags of money rather than the people. A bull run was expected by many in 2021, so what Musk has done is.. he probably just sparked the heavy bull run!
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February 10, 2021, 02:17:17 PM
 #16

I think even though the market correction is coming, with the influence of Elon Musk I don't think things will be as bad as Jan 2018
we all know about him right? and also the influence he will bring to the market

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February 10, 2021, 02:39:50 PM
 #17

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 ?
Yes, and maybe for now there are not many hopes for a Bear market like 2018, because some people will feel sad when they remember the market conditions that year, so they still enjoy the current market conditions even though the Elon musk mask has not disappeared.
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February 10, 2021, 02:47:14 PM
 #18

It’s not exactly like that. Users change it, which means traders who follow its call.
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February 10, 2021, 02:51:21 PM
 #19

Due to elon mask entering to this market so big bear market not come unlike 2018 jan ?
Elon Musk, not Elon Mask.

In bull market of crypto, you will see more news and more lightning news from some big guys. They can come from the cryptocurrency area or from no where. I remember that John McAfee made many tweets years ago and shilled their shit altcoins. They were pumped after tweets from McAfee and there were a time when people followed McAfee's twitter account and waited for his tweets.

Elon Musk did not change the crypto market and his tweet, Tesla investment, Telsa future plan to accept bitcoin as payment method to buy their products have temporary boost on the market.

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February 10, 2021, 02:53:56 PM
 #20

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 ?

Ain't today but can be soon, we never just know when. But it was not only Elon who did this, other factors are because many companies (not connected to Elon) are buying Bitcoin now for future use. It is so-called market anticipation, institutional investors are now moving to crypto, they accumulate more, inflating the price, and they are hyping the market.

We can expect more price change as the demand keeps increasing. Bullrun still on the way to no stopping.

R


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