Elon Musk caused BTC crashed today. Buy the dip

[NorvsGanda]

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

Well if you are doing crypto trading for a long time and committed, you will not gonna appreciate the dogecoin and I feel the same way too. In my perspective, doge is only for those people who just entered crypto space recently and thinking that crypto is as simple as buying what coin is popular on social media and just by doing that you'll gonna earn profits. Many of them think that it can apply with other coins too that is why most of them lose their money because of that kind of mindset.

[Hannahanto]

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?

The crash wasn't caused by elon musk though elon musk added to the issues.
I think the main problem here was from China, though am not too sure but I heard a news that China dumped bitcoin because a group of some persons made a meme of a well known person or a temple am not sure though but they actually started dumping btc. Got another news that said China totally bans crypto because it's used for scamming... Many news involving China though.

[kayiboyu]

Not only Elon Musk but also China caused the market to decline very sharply. Bitcoin price was nearly coming down to a level below $30k. But it looks like it has recovered some. I think this could be a nice opportunity to buy some coins. The prices of altcoins have also decreased too much.

[KimmyF]

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?

I also don't like Dogecoin, but from 2014, Dogecoin is still the top altcoins. Name doesn't matter Dogecoin or something else, but projects must have a strong community. https://parami.io this project has a strong partnership, especially gate.io. I won't invest in new projects without having a strong partnership.

[Cappex]

Not only Elon Musk but also China caused the market to decline very sharply. Bitcoin price was nearly coming down to a level below $30k. But it looks like it has recovered some. I think this could be a nice opportunity to buy some coins. The prices of altcoins have also decreased too much.

I have read many comments about it and surely Elon Musk is responsible for what happened, many people can be influenced by him and this goes against the idea of bitcoin and its decentralization but I also read this discussion on 4chain, really impressive of how was precise: https://boards.4channel.org/biz/thread/35710754

[Fredomago]

Not only Elon Musk but also China caused the market to decline very sharply. Bitcoin price was nearly coming down to a level below $30k. But it looks like it has recovered some. I think this could be a nice opportunity to buy some coins. The prices of altcoins have also decreased too much.

I have read many comments about it and surely Elon Musk is responsible for what happened, many people can be influenced by him and this goes against the idea of bitcoin and its decentralization but I also read this discussion on 4chain, really impressive of how was precise: https://boards.4channel.org/biz/thread/35710754

He's the most dominant influencer as of this moment, many followers keeps supporting him that's why just  a simple words that comes up with him impacts is really being felt around.

Tough to know if what's the real score between him, the market has been shake after he announce that his company is no longer accepting
bitcoin.

Then also, the China news which added to this current ongoing dumped, assess and analyze it's very risky now for your investment.

[zasad@]

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?

The crash wasn't caused by elon musk though elon musk added to the issues.
I think the main problem here was from China, though am not too sure but I heard a news that China dumped bitcoin because a group of some persons made a meme of a well known person or a temple am not sure though but they actually started dumping btc. Got another news that said China totally bans crypto because it's used for scamming... Many news involving China though.

I've heard that before, history loves to repeat itself.
China already banned cryptocurrency and this caused a sharp drop in the market, but then China again began to allow cryptocurrency and the market grew.
I have no idea how China can ban cryptocurrencies if all the main miners are in China. It's like a "grenade launcher shot in your own leg".

[Slow death]

Animal coins are extremely popular lately even many outsiders came to buy it. But most of them crashed.

it seems to me that anything that someone famous does or supports other people starts to take advantage of it and creates something similar for them to make profits. something a little wrong in my opinion. Dogecoin has been around for years and hasn't had a lot of copy/paste of dogecoins in the past. today there are a lot of copy/paste of dogecoin just because elon musk is supporting dogecoin... this means that these other copy/paste projects were created only because the owners want to make money.

In the past we had cases of altcoins with the name of Japanese food, there were several copy / paste. I wonder what we will have in the future? will we have altcoins with plant names?

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?

I definitely prefer to have only bitcoin

[memyselfandi]

Congrats for those who took profits on the recent btc dump. I am watching every move of btc that time and when btc down to $30k and rsi became less than 10, I said that it is the good to buy signal and buy the dips. Then after few minutes, btc pumped and inceased up to $40k again. Many people bought that dip that is why it pumped.

[crazy-pilot]

It's funny to read that. The largest financial funds bought a huge amount of bitcoin, significantly more than the average population has, and in the end they decided to sell their bitcoins just because Elon Macк tweeted something?
This is funny. It's obvious to me that the correction has nothing to do with this.

[ChaoChibai]

It's funny to read that. The largest financial funds bought a huge amount of bitcoin, significantly more than the average population has, and in the end they decided to sell their bitcoins just because Elon Macк tweeted something?
This is funny. It's obvious to me that the correction has nothing to do with this.

I am 100% agree with your statement, i dont think bitcoin had a correction caused by Elon Musk. There are so many reasons why bitcoin price is crashing  now, and I think the correction is quite normal in crypto. Up and down in price will always be happening.

[elisabetheva]

It's funny to read that. The largest financial funds bought a huge amount of bitcoin, significantly more than the average population has, and in the end they decided to sell their bitcoins just because Elon Macк tweeted something?
This is funny. It's obvious to me that the correction has nothing to do with this.

maybe all have different views on what is said by @elomusk, but with a large following and he is a real businessman, it is clear at least what is said can affect, although some may say the current correction has nothing to do once again the influence of social media at least can make the movement of bitoin will be disrupted no matter how big, no one can prove it with scientific data.

but the reality now is that bitcoin is undergoing a very deep correction, beyond the usual so far. although I firmly believe that the increase in bitcoin has not ended and is still at the end of this year with a pretty fantastic value. so actually this correction is a blessing to buy and hold until it increases again.

[onecall123]

It's funny to read that. The largest financial funds bought a huge amount of bitcoin, significantly more than the average population has, and in the end they decided to sell their bitcoins just because Elon Macк tweeted something?
This is funny. It's obvious to me that the correction has nothing to do with this.

I'm honest with you, Elon was utilized to pump then dump BTC market recently. The bigger whales knew of he's tweeting habits, and he has huge multitude of supporters so the whales took this manipulate the market. The whales took the advantages, just circulate the illusion of a mass sell off. This is the reason we should avoid the whales game and keep positive with our holding.

[lienfaye]

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?

Im not familiar with these projects but I still prefer to only invest in popular coins since they're already proven to be worthy to hold even the market is in bearish. I dont believe in the word "risk-free" because everything has risk no matter how solid the project is.

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

Indeed, there's no reason to invest in these meme coins but those investors who are willing to risk their money are greedy to earn instantly. It has no utility but if the price pump because of shillings then they can earn huge and thats their goal, to earn in a short period of time. It is really risky to invest in coins without use case but its their decision and we cant coerce them to stop investing, well its their money anyway. Maybe these investors need to experience to lose before realizing their mistakes.

[warg2017]

Congrats for those who took profits on the recent btc dump. I am watching every move of btc that time and when btc down to $30k and rsi became less than 10, I said that it is the good to buy signal and buy the dips. Then after few minutes, btc pumped and inceased up to $40k again. Many people bought that dip that is why it pumped.

I missed this bloodbath in the crypto totally, i spent those hours running on the street without phone. When i got home and turned on my phone, i was totally freaked out, what a disaster day，May 19,2021.

[ethereumhunter]

Buy the dip? Sounds easy huh?

We can buy at every lower price of bitcoin, but we can not predict if that price is the dip or the bottom. I will stick with bitcoin and trying to make more bitcoin from the altcoin because the altcoin is the way to make more bitcoin. I do not care about what Elon says because he will say many things about bitcoin, including accepting bitcoin in the future, not accepting bitcoin, etc. We can not deny that Elon can move the market to jump high or low, but he can not do that forever. The crypto market will be back, no need to worry.

[gantez]

Buy the dip? Sounds easy huh?

We can buy at every lower price of bitcoin, but we can not predict if that price is the dip or the bottom. I will stick with bitcoin and trying to make more bitcoin from the altcoin because the altcoin is the way to make more bitcoin. I do not care about what Elon says because he will say many things about bitcoin, including accepting bitcoin in the future, not accepting bitcoin, etc. We can not deny that Elon can move the market to jump high or low, but he can not do that forever. The crypto market will be back, no need to worry.

All the fud created is for business purposes of buying more coins. Bitcoin remains the top coin and every crypto enthusiast choice and that is yet to go away. Musk tweet has a shake to price pulling it down to $40,000 but that those not stop more whale to emerge and price will start building up again. He is a big  factor in cryptocurrency to the extent to influence it but price will bounce back again.

[bitkanu]

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.

I don't think so dude. You should watch the chart again. It's needed a few hours after the dump caused by the tweet created by elon. The market was putting their trust into any news that being released to the market.
The whale could be an additional reason why the market turns into a panic sell-off.
I should remind you that if just an hour after the announcement from china to ban crypto and the market gets dumped even worst.

[ethereumhunter]

Buy the dip? Sounds easy huh?

We can buy at every lower price of bitcoin, but we can not predict if that price is the dip or the bottom. I will stick with bitcoin and trying to make more bitcoin from the altcoin because the altcoin is the way to make more bitcoin. I do not care about what Elon says because he will say many things about bitcoin, including accepting bitcoin in the future, not accepting bitcoin, etc. We can not deny that Elon can move the market to jump high or low, but he can not do that forever. The crypto market will be back, no need to worry.

All the fud created is for business purposes of buying more coins. Bitcoin remains the top coin and every crypto enthusiast choice and that is yet to go away. Musk tweet has a shake to price pulling it down to $40,000 but that those not stop more whale to emerge and price will start building up again. He is a big  factor in cryptocurrency to the extent to influence it but price will bounce back again.

I only think that every fud created by someone, especially Elon is just to have a reason to make money for them. So I am not surprised to see Elon and others will do another thing to make a noise. The price will increase again, and no matter what Elon or other people say, that will not impact the market because the market will go strong at the right time. But we admitted that Elon has the power to influence people to do something but that will not happen for a long time because people will see the truth.

[cabron]

I missed this bloodbath in the crypto totally, i spent those hours running on the street without phone. When i got home and turned on my phone, i was totally freaked out, what a disaster day，May 19,2021.

Why on that day was a disaster for you? Is it because the market has gone downhill that it will be a disaster for you? if so, then you don't need to be angry and sad because other people also experience the same thing if they haven't had time to sell their assets on that day.

For first-time investors in crypto, its actually frustrating to see how a market can drain the price down in a single day. ITs not new to the old investors in the market, we have seen it over and over.

Bloomberg reports said that institutions are still up to accumulate coins so they much have a lot of BTC for they consider this bloodbath a discounted investment. Unfortunately for the ones who panic if this will quickly go up.