Elon musk changed the market circles

[Maslate]

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.

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[gurunanakji777]

Yes, I also think by entering Elon in the crypto market is changed. Yes, correction is due but the market keeps rising as I believe many traders' or investors' trust increase when some big influencer jumps into the market. The correction will take place but I also don't think it will be like in the year 2018. But the impact of Elon will not remain long.

[Janation]

He started that run.

He is really a huge reason for the market to reach where we are right now. $50K seems so far in the past years and we never thought that it will actually happen. I am still waiting for someone his dick so there's that. Since Tesla joined the ones that riding the yacht right now, the wave might go higher as it is still going strong after hitting $50K.

[Xxmodded]

Any one know where is Elon Musk now because almost coin tweet by him like doge have lower price, will he got much profit and left doge coin without any support again back to higher price, or elon musk wanna make doge coin really have lower price and then give many speculation to buy on lower price, many trader disappointed with elon musk because buy doge coin after his tweet.

[Mauser]

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 ?

I don't understand why so many people are believing in Elon Musk, he is just an investors as all of us. Sure he is has a far reach on social media, a lot of people are following him on Twitter. But he has no insider information like the rest of us. Maybe he can influence the market short term, but long term he shouldn't be able to change prices. We need to remember that he is holding his own positions in the market and wants to profit.

[jostorres]

Their statements changed the market a lot. First he praised dogecoin. Everybody started to buy dog, now he is denigrating dog, I think he will buy from the bottom again.

That's why avoid buying when the hype is high. this will only give a loss if we can not take a position and sell it quickly. if we are not ready to lose money it is better to avoid trades that are experiencing an increase due to positive sentiment. trust me a quick pump will also create that dump in the near future. it's been a few times i've been caught in such situations making me stop following any altcoin hype

If this is hype you are totally right, but if this is right, there is a big chance that this could be something other than hype and that would mean you would be missing out on profit. I know that many people think we are in a bubble right now and eventually this bubble will burst and we are all going to see a huge 80%+ loss in many of the coins, probably all of them, and that is why buying right now is a bad idea to many people.

However I have another possibility; what if these huge companies going into bitcoin made that bear run impossible for now, and since they are going in billions of dollars each, which is amount we never really invested with ourselves, that means maybe even when there are many sellers, it is a lot harder to drop the price, so we are now in a long bull run until even huge billion dollar companies are not capable of changing the price? Maybe we will go up until that moment comes? I do not know if this will happen or not, but I think that is a possibility.

[Xxmodded]

Elon Musk change his picture profile twitter with bitcoin logo after bitcoin raise to higher price, I think Elon Musk just wanna make many people panic for buying bitcoin after bitcoin raise to higher price, He does not have any reputation with bitcoin or altcoin because supply and demand is the way why bitcoin reach to higher price, I have stop joining and following him because his reputation with bitcoin and altcoin right now gone.

[cryptomaniac_xxx]

Elon Musk change his picture profile twitter with bitcoin logo after bitcoin raise to higher price, I think Elon Musk just wanna make many people panic for buying bitcoin after bitcoin raise to higher price, He does not have any reputation with bitcoin or altcoin because supply and demand is the way why bitcoin reach to higher price, I have stop joining and following him because his reputation with bitcoin and altcoin right now gone.

Panic is a good way though, and obviously by now we all know that Elon or his company is a bitcoin bagholder ko it make sense for him to shill so that they can make billions more from their initial investments. Yes, still base on supply and demand, so he is pushing bitcoin to be in-demand in the market. I don't understand why you mean his reputation with bitcoin and altcoin is gone, he is a investor of both.

[Nolimitz84]

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 ?

The market is just maturing. I do not think that we should expect a correction in the near future. I hope that in March, many altcoins will show significant growth. Elon Musk certainly played into the hands of the market)

[Text]

Panic is a good way though, and obviously by now we all know that Elon or his company is a bitcoin bagholder ko it make sense for him to shill so that they can make billions more from their initial investments. Yes, still base on supply and demand, so he is pushing bitcoin to be in-demand in the market. I don't understand why you mean his reputation with bitcoin and altcoin is gone, he is a investor of both.

Has it been confirmed that he has already invested in an altcoin? like DOGE? I have not seen or read any news about that because all I know is that the Tesla company just bought Bitcoin. Well, we do not know, and then maybe not everything he should let the public know. Maybe yes, because what is the reason why altcoin is also mentioned and he pays attention, right? It seems that what he is changing in his profile is very controversial, maybe BTC will have a fork and he will be the Founder. lol

[carrie_white]

The influence of Elon Musk in the crypto world is indeed very large, just based on a few tweets from Elon Musk alone can make Dogecoin go up very high, but in my opinion this is only temporary, because indeed Elon Musk only looks like kidding with his tweet

[Casdinyard]

What Elon Musk did, is only a factor which possibly contributed to what we are experiencing and seeing right now. And I guess it is not the only reason why the market is bullish at this moment. Companies adopting this technology is also believed to boost this market, and these things made a domino effect in my opinion. No matter how we look at it, the popularity of this technology is continuously growing. More people are now aware of the existence of cryptos which is also getting more attention in the eyes of more people who are probably thinking of also entering this technology and to make use of its advantages. So I guess it is popularity which is the bottomline and the reason for this major trend.

[Handsome Boy]

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 ?

In my opinion, with Elon Musk who supports Bitcoin and many people who are starting to invest in cryptocurrency for now, then the price of cryptocurrency will be difficult to correction, because I see market conditions continue to increase and of course makes the price of cryptocurrency increase too, therefore now is our opportunity to be able to get a lot of profit from investing in cryptocurrency, so don't let us ignore this opportunity and regret it forever.

[magnum cyber]

I just suggest to be more vigilant, if you are a loyal follower of Elon Musk then you should always monitor his activities on his personal Twitter social media. After Doge went crazy, now Elon Musk switched to bitcoin. And the Bitcoin price increase has been influenced by the Elon Musk and currently Bitcoin is still significant at $ 56k. when bitcoin has peaked then this is a Dilema for you.

[pixie85]

Elon doesn't have the power to stop Bitcoin from going into bear market. He can definitely prolong the bull run and make it stronger, but a correction will inevitably come.

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

Elon Musk, not Elon Mask.

And market cycles not market circles

OP has some spelling problems. Maybe he's just special.

[Mata Kripto]

and I also had time to read in an article about Tesla. Tesla's recent investment sided with bitcoin and is likely to be a trigger that the market will remain bullish or at least stabilize despite minor corrections. or let's say Bitcoin price chart is stable in the range of $ 55k - $ 56k. I believe that this increase is still continuing

[Nolimitz84]

The market is just maturing. I do not think that we should expect a correction in the near future. I hope that in March, many altcoins will show significant growth. Elon Musk certainly played into the hands of the market)

However, some people still expect the correction to occur because there are still many people who have sold tokens but have not been able to buy back at a low price, so they still expect a market correction this month.

Those who sold and recorded a profit clearly will not dictate the trend and influence the market correction. A correction can only occur if ,,a black swan,, occurs - for example, a claim from the SEC on USDT

[agustina2]

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

The trend has changed but it doesn't mean that we shouldn't think that the big bear market won't happen. Elon entering the crypto market is a big thing but we don't have an assurance that the momentum won't be break. Elon is now even one of the reasons that can trigger a bear market if he wants. As to how he created a trend, with just one negative tweet from him, it can start a market breakout.

Don't mind the 2018 bear market. Focus on the current one.

[Twinkledoe]

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

The trend has changed but it doesn't mean that we shouldn't think that the big bear market won't happen. Elon entering the crypto market is a big thing but we don't have an assurance that the momentum won't be break. Elon is now even one of the reasons that can trigger a bear market if he wants. As to how he created a trend, with just one negative tweet from him, it can start a market breakout.

Don't mind the 2018 bear market. Focus on the current one.

Because the 2018 market was different from what we have now. There are so many players now in the crypto market, and the adoption is bigger than before. A lot of known companies are integrating crypto as part of their payment method, which is a good thing for adoption. Bear market is always to be expected, and maybe right now, we are already experiencing it as btc goes down to about 53k level. But as there are so many stakeholders now, and others that want to get in, I believe it will go up again. I prefer slow increase.

[KimmyF]

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 ?

New investment always boosts the price as Elon musk did 1.5 billion even more investment. Now bullrun market is as a bear market " a little pump after a huge dump in 2018. Elon musk investment is now part of the cryptocurrency circle. This correction isn't as big as before ( Elon musk invested) 42K pump of Bitcoin then dumped to 32K in the last months.