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Author Topic: Elon Musk caused BTC crashed today. Buy the dip  (Read 396 times)
Deewhy50 (OP)
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May 12, 2021, 10:58:41 AM
Last edit: May 13, 2021, 09:33:30 AM by Deewhy50
 #1

Animal coins are extremely popular lately even many outsiders came to buy it. But most of them crashed. BTC crashed for nearly 15% today. With this craze, I sense that bull market has come to its last phase. There are still chance to earn money but I would suggest you to be more cautious. Go and seek for long-term solid project and hodl. There are a few solid projects I have followed:


1. Shield Protocol:http://shieldex.io/#/home (The First Decentralized Risk-free Perpetual Contract)  Excellent idea  (risk-free) and solid technology
2. Parami Protocol: https://parami.io/  (AD3.0 for Web3.0!)   Famous founder and good team background

I assume these two projects will start IDO soon. Do you think they are solid enough to hodl?

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May 13, 2021, 11:40:45 PM
 #2

I think it is easy and convenient to blame the BTC price dump on Elon musk but i see no reason why anyone should be investing their hard earned money into these animal meme coins that are flooding the markets. They offer no utility and are created solely for the purpose of becoming the next dogecoin.
I will rather invest in BTC that wouldn't give me  huge gains than a meme coin that can dump tomorrow and loose all the profits it has gained

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May 13, 2021, 11:45:42 PM
 #3

Animal coins are extremely popular lately even many outsiders came to buy it. But most of them crashed. BTC crashed for nearly 15% today. With this craze, I sense that bull market has come to its last phase. There are still chance to earn money but I would suggest you to be more cautious. Go and seek for long-term solid project and hodl. There are a few solid projects I have followed:


1. Shield Protocol:http://shieldex.io/#/home (The First Decentralized Risk-free Perpetual Contract)  Excellent idea  (risk-free) and solid technology
2. Parami Protocol: https://parami.io/  (AD3.0 for Web3.0!)   Famous founder and good team background

I assume these two projects will start IDO soon. Do you think they are solid enough to hodl?
What the hell is an "Animal' coin. Are you talking about Doge and SHIB? Lol.

Anyway, the bull run isn't over. It is just that the market is overreacting to Teslas and Elon Musks decision. Give it a few weeks and then you will see everything is back to normal like it used to be. And are you just shilling for those projects? Sounds very suspicious when you keep on using the word "risk-free".

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May 14, 2021, 02:04:48 AM
 #4

Where pessimist see a fall, optimist see a dip, an opportunity to even buy more. The elon musk saga is just temporary speed bump to the 70k milestone. As a matter of fact, thank you Mr Elon for this opportunity!

 Buy the dip, buy the dip.

This is not a financial advice.

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May 14, 2021, 04:19:04 AM
 #5

I think it is easy and convenient to blame the BTC price dump on Elon musk but i see no reason why anyone should be investing their hard earned money into these animal meme coins that are flooding the markets. They offer no utility and are created solely for the purpose of becoming the next dogecoin.
I will rather invest in BTC that wouldn't give me  huge gains than a meme coin that can dump tomorrow and loose all the profits it has gained
Absolutely agree with your thoughts, we can not blame Elon Musk for the dropping price of bitcoin. Because in crypto market there are so many variables which can be a trigger to price drop.
I think Elon Musk one of the reason but we can use this cheap price of bitcoin to invest more on it and gain profit in the future.

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May 14, 2021, 08:37:08 AM
 #6

Absolutely agree with your thoughts, we can not blame Elon Musk for the dropping price of bitcoin. Because in crypto market there are so many variables which can be a trigger to price drop.
I think Elon Musk one of the reason but we can use this cheap price of bitcoin to invest more on it and gain profit in the future.

I doubt anyone has ever bought a Tesla with BTC coins, especially when the bull market continues. These bitcoin payment acceptance statements were not ads for BTC, but ads for Tesla. Therefore, the rejection of BTC when paying for a car could not cause a dump, which was caused by the fact that 10k BTC was sold on the market at the same time.

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May 17, 2021, 05:59:36 AM
 #7

Animal coins are extremely popular lately even many outsiders came to buy it. But most of them crashed. BTC crashed for nearly 15% today. With this craze, I sense that bull market has come to its last phase. There are still chance to earn money but I would suggest you to be more cautious. Go and seek for long-term solid project and hodl. There are a few solid projects I have followed:


1. Shield Protocol:http://shieldex.io/#/home (The First Decentralized Risk-free Perpetual Contract)  Excellent idea  (risk-free) and solid technology
2. Parami Protocol: https://parami.io/  (AD3.0 for Web3.0!)   Famous founder and good team background

I assume these two projects will start IDO soon. Do you think they are solid enough to hodl?

Elon Musk is a speculator and does not understand the value of BTC. It is a mistake to advocate Dogecoin. The market will eventually return to the holding and investment of value coins. Web3 and option trading are very good investment targets. You can try it.
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May 17, 2021, 05:59:53 AM
 #8

Animal coins are extremely popular lately even many outsiders came to buy it. But most of them crashed. BTC crashed for nearly 15% today. With this craze, I sense that bull market has come to its last phase. There are still chance to earn money but I would suggest you to be more cautious. Go and seek for long-term solid project and hodl. There are a few solid projects I have followed:


1. Shield Protocol:http://shieldex.io/#/home (The First Decentralized Risk-free Perpetual Contract)  Excellent idea  (risk-free) and solid technology
2. Parami Protocol: https://parami.io/  (AD3.0 for Web3.0!)   Famous founder and good team background

I assume these two projects will start IDO soon. Do you think they are solid enough to hodl?

looking forward its IDO


official announced yet ?
Docbee
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May 17, 2021, 06:22:17 AM
 #9

Animal coins are extremely popular lately even many outsiders came to buy it. But most of them crashed. BTC crashed for nearly 15% today. With this craze, I sense that bull market has come to its last phase. There are still chance to earn money but I would suggest you to be more cautious. Go and seek for long-term solid project and hodl. There are a few solid projects I have followed:


1. Shield Protocol:http://shieldex.io/#/home (The First Decentralized Risk-free Perpetual Contract)  Excellent idea  (risk-free) and solid technology
2. Parami Protocol: https://parami.io/  (AD3.0 for Web3.0!)   Famous founder and good team background

I assume these two projects will start IDO soon. Do you think they are solid enough to hodl?


As long as the bull market lasts, you can participate in quality projects.

I found that both of these projects had a lot of head capital backing and were worth paying attention to.
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May 17, 2021, 08:42:49 PM
 #10

Yeah, buy the dip but I won't be buying those coins or protocols that I don't understand wholly. There's still enough time for me to check it first but while checking the price of bitcoin.
It's better to buy it than any other altcoins that I can look at. But that doesn't mean that the returns will always be in bitcoin. There are a lot of investors who have made with other altcoins too, maybe it's a gem or not.

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May 17, 2021, 08:50:51 PM
 #11

I already seen this will happen. Elon Musk can really control btc despite of its huge investors and whales holders. With Elon's power and influence, he can manipulate some part of crypto market and the way it is working.

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May 17, 2021, 08:58:47 PM
 #12

Don't buy the dips yet because the Elon-ic drama is not over till now, he claimed that Tesla didn't sell btc which is more destructive as when btc could rally down so quickly even without Tesla selling it, imagine where will btc go when he will sell? Wait for more action and let btc retest and touch important support points. All altcoins will start dumping when anything unusual happens in the markets, then you will cry considering that why did you buy?
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May 17, 2021, 09:49:56 PM
 #13

Animal coins are extremely popular lately even many outsiders came to buy it. But most of them crashed. BTC crashed for nearly 15% today. With this craze, I sense that bull market has come to its last phase. There are still chance to earn money but I would suggest you to be more cautious. Go and seek for long-term solid project and hodl. There are a few solid projects I have followed:


1. Shield Protocol:http://shieldex.io/#/home (The First Decentralized Risk-free Perpetual Contract)  Excellent idea  (risk-free) and solid technology
2. Parami Protocol: https://parami.io/  (AD3.0 for Web3.0!)   Famous founder and good team background

I assume these two projects will start IDO soon. Do you think they are solid enough to hodl?
"Parami protocol" has some solid partnerships. I'm interested in following these projects. But you are thinking something is wrong with Elon Musk. I don't believe "Elon must pump the whole Bitcoin price". I want to predict something about Elon music. Finally, we will all know the bad view of Elon Musk in cryptocurrency.
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May 17, 2021, 10:00:56 PM
 #14

Drama is still going on, tweets from elon musk affected the market price, I think this is only temporary and the bullish phase is not over yet. btw is the coin you mentioned a new project?

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May 17, 2021, 11:59:48 PM
 #15

The ones who sold are probably the current year FOMO’s its an ordinary day for veteran holders that knows Bitcoin’s fundamentals, the coin is not hype or pump and dump like Dogecoin. BTC has real intrinsic value and no matter how this Billionaire throw bad words against it, it won’t matter.
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May 18, 2021, 12:48:48 AM
 #16

Don't buy the dips yet because the Elon-ic drama is not over till now, he claimed that Tesla didn't sell btc which is more destructive as when btc could rally down so quickly even without Tesla selling it, imagine where will btc go when he will sell? Wait for more action and let btc retest and touch important support points. All altcoins will start dumping when anything unusual happens in the markets, then you will cry considering that why did you buy?
Agree, though many institutional investors have been hoarding btc during the dips but it's still not really safe and indeed the fact that elon himself disclose of tesla still not selling btc is such a huge red flag but some people based on their TA said that the price point around $42K-$41k gonna determine whether the bearish market gonna come and btc gonna get dumped hard again or instead it comes back to bullish market again.
I personally still try to hoard btc as well regardless of all the possibilities and I guess many people do the same since many also sold their alts to move into btc.

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May 18, 2021, 12:52:39 AM
 #17


Its hard to convince anyone to buy the dip today. I'm not buying anything but just holding. It's risky since Elon musk could just be starting to make more tweets.

He could be losing the Mars exploration because of the Chinese starting to go there already who had successfully landed there a few days ago. If he loses the battle to colonize Mars, he'd be focusing more on cryptocurrency and will just keep tweeting as his tool.

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May 18, 2021, 01:31:08 AM
 #18

Animal coins are extremely popular lately even many outsiders came to buy it. But most of them crashed. BTC crashed for nearly 15% today. With this craze, I sense that bull market has come to its last phase.

Your assumption is too early, I don't think it's the end of the bull run we are still in the middle of it, it will continue until the end of the year, don't spread FUDS, I hate Elon for causing a stir in the community and the market, his announcement came at the wrong time just as the price is moving up, this is another of his tweet to defend why he is supporting Doge Coin, the price will bounce back, we should stop believing on what Musk is posting some of them are FUDS.

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Miaallen
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May 19, 2021, 04:24:59 AM
 #19

Elon Musk has just declared war on Bitcoin and other major cryptocurrencies in favour of shit coin in the name of DOGE and it is fallen on him as people have crashed his own stock too leading to him losing $20B in just 24 hours and even his fall from 2nd richest person in the world.
And as you mentioned long term projects, there are series of them with great potentials. Matic is there, SFUND, SFP, Juld, REFI and many great ones are all their to hold on to.
ahoenk
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May 19, 2021, 08:42:06 PM
 #20

Elon has nothing to do with this crash, the crash happen because we already up more then 10x year on year and now is the time for market to consolidate and searching the real value of bitcoin. Elon tweet is just used by whale for the crash reason. This is just my Opinion, CMIIW

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