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Author Topic: Bitcoin, Dogecoin Gain After Musk's Tweets, But Will There Be Another Bull Run?  (Read 3847 times)
Sethrey (OP)
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June 15, 2021, 10:42:41 AM
 #1

Dogecoin, which started as a meme currency but received a lot of support from the billionaire tycoon in the past few months also gained in value. But this positive trend in the cryptocurrency market is no guarantee that it will see the bull run, which started at the beginning of this year, again so soon. At most, the value addition to the price of Bitcoin and other digital currencies over the past two days most likely seems temporary.

What are your thoughts about these 2 coins' future and is it possible that Musk will decide to the hype on something else also? Green coins are getting more popular. Why doesn't he mention any of them? Which one do you think needs such a kick?
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June 15, 2021, 10:49:58 AM
 #2


What are your thoughts about these 2 coins' future and is it possible that Musk will decide to the hype on something else also? Green coins are getting more popular. Why doesn't he mention any of them? Which one do you think needs such a kick?

I doubt that he will be tweeting about crypto again anytime soon after the many criticisms that have been directed at him. but even so, I still believe there will be another bull. like now bitcoin is starting to try to return to the price of 40k, after a few days yesterday it fell below 33k. if bitcoin can stay at the current price, maybe there will be further bulls that will occur.

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June 15, 2021, 11:06:38 AM
 #3

What are your thoughts about these 2 coins' future and is it possible that Musk will decide to the hype on something else also? Green coins are getting more popular. Why doesn't he mention any of them? Which one do you think needs such a kick?

Yes, it is likely that Musk will continue to hype other coins as well. But is also likely that Musk will promote those coins that will put him on a favorable position and cares very little about how it might impact the market. So that is the primary reason that he does not promote other coins unless those coins are able to demonstrate that they can add to his wealth.

I'm not someone who says Musk is wrong; I'm just saying that it is what I would also do as a businessman and try to increase my wealth too.

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June 15, 2021, 11:15:42 AM
 #4

Bitcoin is the most popular cryptocurrency and therefore it is understandable why Elon Musk writes constantly about Bitcoin, but why Elon Musk writes constantly about Dogecoin is not clear, most likely Elon Musk invested in both Bitcoin and Dogecoin and therefore Elon Musk constantly advertises these two cryptocurrencies in his Twitter, and in general it does not matter for what reason Elon Musk writes about these cryptocurrencies, the main thing is that after his messages the growth of these two cryptocurrencies begins, and this is the main thing.
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June 15, 2021, 11:18:08 AM
 #5

Dogecoin, which started as a meme currency but received a lot of support from the billionaire tycoon in the past few months also gained in value. But this positive trend in the cryptocurrency market is no guarantee that it will see the bull run, which started at the beginning of this year, again so soon. At most, the value addition to the price of Bitcoin and other digital currencies over the past two days most likely seems temporary.
The trend is your friend and the trend now is bull trend. If you hear anyone says it is a bear trend, it is not correct in my opinion. The market can be in a correction and accumulation but not in bear trend. You need to have a macro view in order to get profit from this market.

This bull market began in the last year, not in this year. You misunderstood this bull run.

Quote
What are your thoughts about these 2 coins' future and is it possible that Musk will decide to the hype on something else also?
Elon will keep up his games with Bitcoin and Dogecoin because he does not take all profit. He will not restrict himself to only Bitcoin and Dogecoin. Soon you will see he create new games for other altcoins.
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June 15, 2021, 11:25:17 AM
 #6

What are your thoughts about these 2 coins' future and is it possible that Musk will decide to the hype on something else also? Green coins are getting more popular. Why doesn't he mention any of them? Which one do you think needs such a kick?
The future of the two coins will be bright, because in general they will always live with different values, and in this case I will not talk about the price issue because it is very difficult, but for the future, both will always live in the crypto space.

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June 15, 2021, 11:31:01 AM
 #7

Green coins have no use case like bitcoin or doge coins. that's why it less popular among the traders and speculators. Elon will not try to mention something else consider he is focusing with doge and bitcoin.
You must see the elon's tweet and shiba should become the last coins that already mentioned by him other than bitcoin and doge coin.
This guy is always creating more and more controversial tweet

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June 15, 2021, 12:38:25 PM
 #8

Elon will keep up his games with Bitcoin and Dogecoin because he does not take all profit. He will not restrict himself to only Bitcoin and Dogecoin. Soon you will see he create new games for other altcoins.
Yes, I also believe so, because until now Elon Musk is still in the crypto space to create new games and those who play late will always suffer losses like what happened to Dogecoin and Bitcoin.
I just didn't expect people like Elon to be in the crypto market.
Some people think Elon managed to create huge hype for the two coins. but it makes the overall crypto market conditions boisterous. the situation becomes very predictable when they create hype it will be crushed immediately.
because what Elon does can attract big investors, and it can also create more and more people who are trapped and feel disadvantaged by the hype that is happening in the market.
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June 15, 2021, 01:08:22 PM
 #9

Op, do you mean stake coins when you say 'green coins' because they don't use mining? While it's true that they don't require all that energy which crypto mining takes, this comes with a significant setback: those who already have many coins are getting even more coins, thus strengthening the centralization and putting more and more power into the hands of the riches. Unlike that, miners can have small amounts of BTC, so here at least we have different levels of control by different groups.
As for the bull run, we might still see it coming back and it all being just a big correction, but I tend to think that the $40k price is actually the temporary thing, and the bear market is more permanent.

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June 15, 2021, 01:31:48 PM
 #10

The current action of the cryptocurrency markets is very manipulative. Elon Musk has once again influenced the market, and thanks to this, he will again make big profits. Now we have to stop this, but there are too many unconscious investors. It's too early for a new bull run  Undecided

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June 15, 2021, 01:50:51 PM
 #11

Dogecoin, which started as a meme currency but received a lot of support from the billionaire tycoon in the past few months also gained in value. But this positive trend in the cryptocurrency market is no guarantee that it will see the bull run, which started at the beginning of this year, again so soon.
I think you need to change how you see it. It's still best to see it as it's an uptrend from the 2020 price. It experienced a great bull run and still way above the price from last year.

At most, the value addition to the price of Bitcoin and other digital currencies over the past two days most likely seems temporary.
I don't think it's temporary because BTC has been developed with upgrades soon right?


What are your thoughts about these 2 coins' future and is it possible that Musk will decide to the hype on something else also? Green coins are getting more popular. Why doesn't he mention any of them? Which one do you think needs such a kick?
He probably won't tweet about it because he has already tweeted a lot of support towards BTC and DOGE. He got a lot of things in his plate for sure.

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June 15, 2021, 02:05:57 PM
 #12

this can backfire and will be temporary, remembering and learning from the past. he is easy to play with the price so we don't get stuck continuously. As much as possible take advantage of conditions that are ideal enough for you to determine the price when Bitcoin increases this time as an increase that will determine the highest price.
This is actually if you look back on last year, it should have entered the bear market zone by now, so be careful. while there is a chance, selling it is the best option.

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June 15, 2021, 03:16:49 PM
 #13

I just didn't expect people like Elon to be in the crypto market.
Some people think Elon managed to create huge hype for the two coins. but it makes the overall crypto market conditions boisterous. the situation becomes very predictable when they create hype it will be crushed immediately.
because what Elon does can attract big investors, and it can also create more and more people who are trapped and feel disadvantaged by the hype that is happening in the market.
Me too. Because I thought Elon Musk is very busy with his companies, Mars Mission and his SpaceX dream. I read many newspapers in which he was described as a super busy man, and look for perfection with technical works.

I never thought he has time to research about cryptocurrency and will never join this market.

In fact, he joined and became a most noisy and annoying billionaires in cryptocurrency market. I completely shocked.
It marks a big change in the market. Billionaires, institutes, tech companies, and governments will participate in the game.
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June 15, 2021, 03:17:37 PM
 #14

Yes we will have a bull Run, No Need Of Elon Musk, He is just Market Villen , Elon is not going good for Crypto Market, But Soon Bull Run Is Coming, This time its a discount time so fill your bags and prepare for Bull Big Run again

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speedy963
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June 15, 2021, 05:58:53 PM
 #15

Regardless of the presence of Elon Musk's tweets, the BullRun is bound to happen since there are a lot of great news related to bitcoin nowadays. And we all know how bitcoin tends to influence the price of all the altcoins in this industry whenever it goes up or down so I think even a shitcoin such as doge can pump a bit(although I am not really a fan of dogecoin). If you haven't realized it yet, Elon Musk's tweets carries less weight every time he trolls with this industry and it certainly won't be long till people ignore him and his tweets entirely. The only thing that makes people watch him right now is because of tesla's involvement on bitcoin, any other reasons why, aren't even worth the time to notice.

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manggis97
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June 17, 2021, 03:41:32 AM
 #16

Elon Musk and his company of Tesla will accept Bitcoin again if half of Bitcoin mining used green and renewable energy. This last tweet from Elon Musk about crypto will trigger the market back to bullish. I think the trend of Memecoin is down and others  project like smart contract platform, DEFI and NFT will bull run again for once times before the market changing to bearish trend. Because these kind of project has more use case than Memecoin.

Dexion
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June 17, 2021, 03:54:32 AM
 #17

Looks like there will be no more tweets from Elon that will discuss crypto, he must learn from what he got when he started to lead an opinion on a coin up to the moment binj, we can also observe the current situation, Elon has received a lot of criticism about his tweets, and that would only weaken the trust he had. You should focus on what you are researching, not from someone's tweet, even Elon though.

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June 17, 2021, 03:58:54 AM
 #18

I believe a rise in a short time can become a bubble that can burst and disappear at any time, if we continue to follow what Elon Musk says and believe it could be a trap which is an early sign that a bear market will occur.
so98nn
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June 17, 2021, 04:02:50 AM
 #19

The guy is either confused all by himself or may be he is just pretending to be one. The thing is, his tweets are not powerful these days and this observation is based on the recent tweets regarding bitcoin acceptance. With couple of thousand rise in bitcoin price means nothing to the market.
Elon's tweet should have made the market go up by as much as 30-40% market value.

But, now a days; it's just dust and nothing else. See it to yourself and then you will realise people dont follow him much. He broke the trust already.

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June 17, 2021, 04:47:10 AM
 #20

His tweet just temporarily lift the market up but still a contributing factor to add more powerful resistance above $30000 in my opinion.
But, if the market is still rather bearish or the fear index still rather high, it's just hard to keep the market above $40000, as you know many new bitcoin investor are rather panicky and have a weak hand meanwhile the trading who did scalping also contributes to a harder of breakthrough beyond $40000, maybe we gonna see bullrun at the end of the year though all these just my opinion.

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