Bitcoin, Dogecoin Gain After Musk's Tweets, But Will There Be Another Bull Run?

[carlfebz2]

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?

Dogecoin is dealer than dead.  Elon tweets don't move the needle anymore its getting old.  If he can't push it forward than what will?  Doge is archaic and not needed in the ecosystem.  It's just another redundant coin that was copy/paste made in 15 minutes of work.  People just bag holding now.

We can say its trash but there are still people who do really still believing into its potential considering that it had made out some significant movement which made them some good profits or money on where i cant

really blame them on not to think for some cons or negatives.Just let them be on bagholding Doge for the rest of their lives, they are the ones who neither be  gaining or losing money or something situational.

People are becoming wiser as years passing by on which Elon words and sentiments wont really be that influential anymore yet we've seen on how he had handled out himself in the past.
It might had been effective in the past but not on the present.

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[okorieemmanuel]

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?

Dogecoin is dealer than dead.  Elon tweets don't move the needle anymore its getting old.  If he can't push it forward than what will?  Doge is archaic and not needed in the ecosystem.  It's just another redundant coin that was copy/paste made in 15 minutes of work.  People just bag holding now.

We can say its trash but there are still people who do really still believing into its potential considering that it had made out some significant movement which made them some good profits or money on where i cant

really blame them on not to think for some cons or negatives.Just let them be on bagholding Doge for the rest of their lives, they are the ones who neither be  gaining or losing money or something situational.

People are becoming wiser as years passing by on which Elon words and sentiments wont really be that influential anymore yet we've seen on how he had handled out himself in the past.
It might had been effective in the past but not on the present.

Elon musk has too much influence on the coin. I think I'll buy more dogecoin when next he makes his famous positive tweet about the coin. Price movement due to his speculation is just too much

[doomloop]

Elon musk has too much influence on the coin. I think I'll buy more dogecoin when next he makes his famous positive tweet about the coin. Price movement due to his speculation is just too much

That is if he will still make a tweet but I believe he won't do that anymore because there are now people that are seriously angry with him that they want to sue Elon for too much of manipulating the coin and there are also news that totally damaged the reputation of dogecoin, saying that the coin is heavily used by criminals on difference illegal activities.

There is too much controversy now going for this coin and to the man behind it which is Elon and not the founder of doge because I think that he didn't do anything wrong here. There will be another bull run but dogecoin isn't invited for it anymore sorry. So for those who still want to attempt buying this coin, buy at your own risk. You've been warned.

[Dollar_Hunter]

already familiar to Dogecoin, especially because of Elon Musk,
we all know that Elon Musk has great power because he is an influencer be it stocks,
crypto and even property, when he talks about Doge, Bitcoin and even stocks, the price goes up,
this is the plus from elon musk, we can't avoid it, because it's a gift he has

[virasisog]

already familiar to Dogecoin, especially because of Elon Musk,
we all know that Elon Musk has great power because he is an influencer be it stocks,
crypto and even property, when he talks about Doge, Bitcoin and even stocks, the price goes up,
this is the plus from elon musk, we can't avoid it, because it's a gift he has

Investors already know that Elon Musk is a manipulator. He was using his fame to influence people and hype coins like Doge for his own benefit. People are now aware of what he did and I don't think his tweets would be as powerful as before. Investors are now aware and have learned that listening to influencers won't make them gain profit all the time.

[milewilda]

already familiar to Dogecoin, especially because of Elon Musk,
we all know that Elon Musk has great power because he is an influencer be it stocks,
crypto and even property, when he talks about Doge, Bitcoin and even stocks, the price goes up,
this is the plus from elon musk, we can't avoid it, because it's a gift he has

Investors already know that Elon Musk is a manipulator. He was using his fame to influence people and hype coins like Doge for his own benefit. People are now aware of what he did and I don't think his tweets would be as powerful as before. Investors are now aware and have learned that listening to influencers won't make them gain profit all the time.

Cant really be proved out on being a manipulator since those tweets are just normal opinion and something words came out from him but the community do really make out some reactions according to it
which did really make out some significant effect or movement on the entire market.We cant directly tell that he's a manipulator but something like him could really make out some noise in the market
neither it would  ended or result up into pumps or dumps and this is because the community do really make out some reaction towards fundamentals and news or events in the market.
Totally he couldnt really be blamed out but since we do have that history then its impossible that people wont learnt up those things happen in the past on how the market behaves
whenever this man do give out some words but we know that we arent that dumb on not to learn and notice something.

[Sethrey]

Dogecoin is dealer than dead.  Elon tweets don't move the needle anymore its getting old.  If he can't push it forward than what will?  Doge is archaic and not needed in the ecosystem.  It's just another redundant coin that was copy/paste made in 15 minutes of work.  People just bag holding now.

I think you're right. There's no need and no sense keeping such coins further now. I think that best for now is investing in Bitcoin, while it's on the bottom (as it always recovers) and for example I now participate in a weekly Utopia p2p Crypton give-away. Simple rules and each winner gets 100$. Everything is held here: https://twitter.com/UtopiaP2P

[Starkick]

So it turns out that all the coins follow more or less Bitcoin? Simultaneous rise and simultaneous fall? And what about privacy coins? They also work like that? I just can't get the mechanics how to predict the next movement..

I only look at averages in such markets and have never differentiated between privacy and non-private coins so I made a general assessment of that and you can view it any time in the market.

The main factor affecting the cost is the magnitude of supply and demand. But the increase or decrease in the price of a crypto asset on the market is also influenced by such factors: user interest, the emergence of new projects, as well as the appearance of restrictions or regulation of the turnover of cryptocurrencies.

I think what you are saying is correct because with the large amount of demand and supply in general in the market it is certain that the price of each product increases and that automatically affects the cost for each transaction. Apart from some of the other things you've mentioned.

Yes, of course. many products become popular in a short time, but then they drop in price at lightning speed, because users start throwing a coin. Like Stepn for example. It's rate  fallen ten times already.

[Sethrey]

And while all the coins are falling after Bitcoin, Crypton desided to rise and its scale is green for about a week already! Moreover, Utopia p2p devs released a mobile version of their software at least! For now it's available for android only and is in beta version now, but anyway it's a great improvement! All the details can be found here: https://medium.com/@utopiap2p/beta-version-of-utopia-p2p-mobile-app-has-been-released-31ef9cc7bfbb

[Starkick]

And while all the coins are falling after Bitcoin, Crypton desided to rise and its scale is green for about a week already! Moreover, Utopia p2p devs released a mobile version of their software at least! For now it's available for android only and is in beta version now, but anyway it's a great improvement! All the details can be found here: https://medium.com/@utopiap2p/beta-version-of-utopia-p2p-mobile-app-has-been-released-31ef9cc7bfbb

Oh, the growth of Crypton really amazed me. But, the beta of the mobile version finally managed to knock the ground out from under my feet! I didn't think it would happen anymore. YES, I did not lose hope, but doubts were already beginning to overcome my mind.

[Sethrey]

There's nothing special there for now. It reminded me of ICQ with its minimalism. And great that it still doesn't require any personal data for registration and usage. But I really hope they will add extra functions to make it more attractive and useful. It has to compete with top messengers.

[Starkick]

There's nothing special there for now. It reminded me of ICQ with its minimalism. And great that it still doesn't require any personal data for registration and usage. But I really hope they will add extra functions to make it more attractive and useful. It has to compete with top messengers.

Of course, I think you're right. I am sure that for the successful release of further updates, you first need to test the messenger in the mobile version. This is the main thing that users need - communication without data risk.

[kawetsriyanto]

I don't know about dogecoin but with bitcoin I dare say it doesn't depend on Elon, not even a big country can control bitcoin. Bitcoin does not belong to any individual or country. Elon is a whale in the market but that doesn't mean he has the right to manipulate bitcoin and his recent tweets are no longer unnoticed, people have come to realize that he is an unreliable person.

Indeed. No one and no institution can control the Bitcoin price, nor Elon Musk. Elon Musk can manipulate the price of Dogecoin, but it seems hard to do the same way on Bitcoin. Bitcoin is decentralized, the price only can be determined by the demands in the market. The demands can be caused by issues, but Elon tweet seems not really effective to influence people's interest. People already know how Elon Musk manipulate the market through his tweets. It won't be effective to use anymore.

[RussianEnglishTranslation]

already familiar to Dogecoin, especially because of Elon Musk,
we all know that Elon Musk has great power because he is an influencer be it stocks,
crypto and even property, when he talks about Doge, Bitcoin and even stocks, the price goes up,
this is the plus from elon musk, we can't avoid it, because it's a gift he has

Investors already know that Elon Musk is a manipulator. He was using his fame to influence people and hype coins like Doge for his own benefit. People are now aware of what he did and I don't think his tweets would be as powerful as before. Investors are now aware and have learned that listening to influencers won't make them gain profit all the time.

This. Invest in projects with fundamentals and real world utility only (like ICP, 0xMR, and XRP), not in projects shilled by influencers.

[fuguebtc]

And what about dogecoin? I think it's exactly like that. Concerning the lesson about losing money.. There are people that are ready to sell the car in order to invest. And especially now when Bitcoin is 20k already.. Usually, those people don't have any other money and pray to win on it. That's sad

Some people will also take advantage of Bitcoins that are near $20k at this point because it is a good opportunity for them to get even more Bitcoins for now so the potential for increasing Bitcoin returns is also very possible even though those who have already got Bitcoins in the past higher prices than now still have to wait for a miracle to come into the market, and for Dogecoin I think it will still be the same where Dogecoin will always follow the flow of Bitcoin in the market.

Bitcoin drop to $20k is an opportunity to hold because it is cheap compared to ATH, however you should not invest in bitcoin by selling a car or pledging property to invest. Bitcoin will bounce back and spike could hit new ATH but who knows when it will happen, so don't invest in such a risky way.
Doge will always be a meme so if you invest, be prepared to think about the consequences it will bring, possibly losing everything when you invest in doge.

[romero121]

Bitcoin drop to $20k is an opportunity to hold because it is cheap compared to ATH, however you should not invest in bitcoin by selling a car or pledging property to invest. Bitcoin will bounce back and spike could hit new ATH but who knows when it will happen, so don't invest in such a risky way.
Doge will always be a meme so if you invest, be prepared to think about the consequences it will bring, possibly losing everything when you invest in doge.

Dogecoin is much into trading than any other usage. I believe in dogecoin, that it won't make users experience a big loss as Luna Terra or something similar. Dogecoin is one among the earliest to reach the market. It could've got out of the market if it is not prefered. Though it is a memecoin, it have survived almost every bear and bull market. Recently through Elon Musk it gained more visibility and growth.

[fuguebtc]

Bitcoin drop to $20k is an opportunity to hold because it is cheap compared to ATH, however you should not invest in bitcoin by selling a car or pledging property to invest. Bitcoin will bounce back and spike could hit new ATH but who knows when it will happen, so don't invest in such a risky way.
Doge will always be a meme so if you invest, be prepared to think about the consequences it will bring, possibly losing everything when you invest in doge.

Dogecoin is much into trading than any other usage. I believe in dogecoin, that it won't make users experience a big loss as Luna Terra or something similar. Dogecoin is one among the earliest to reach the market. It could've got out of the market if it is not prefered. Though it is a memecoin, it have survived almost every bear and bull market. Recently through Elon Musk it gained more visibility and growth.

I don't completely hate memes like doge and shiba, although they don't have any utility, they are actually listed on most major exchanges and have a huge user community. In addition, they are also used as a payment method in some places because of the low transaction fees.
But the risk here is, what if Elon announced to stop supporting and sell all of his dogecoins, doge will be in a dilemma and difficult to get up.

[Sethrey]

Bitcoin drop to $20k is an opportunity to hold because it is cheap compared to ATH, however you should not invest in bitcoin by selling a car or pledging property to invest. Bitcoin will bounce back and spike could hit new ATH but who knows when it will happen, so don't invest in such a risky way.
Doge will always be a meme so if you invest, be prepared to think about the consequences it will bring, possibly losing everything when you invest in doge.

People nevertheless will continue investing everything hoping that Bitcoin will rise very soon. But I don't really think it will happen soon. I really advice to invest in privacy coins now. I also continue mining Crypton and it shows a growth now, no matter almost all the coins follow Bitcoin. So please keep your mind clear.

[Starkick]

Bitcoin drop to $20k is an opportunity to hold because it is cheap compared to ATH, however you should not invest in bitcoin by selling a car or pledging property to invest. Bitcoin will bounce back and spike could hit new ATH but who knows when it will happen, so don't invest in such a risky way.
Doge will always be a meme so if you invest, be prepared to think about the consequences it will bring, possibly losing everything when you invest in doge.

People nevertheless will continue investing everything hoping that Bitcoin will rise very soon. But I don't really think it will happen soon. I really advice to invest in privacy coins now. I also continue mining Crypton and it shows a growth now, no matter almost all the coins follow Bitcoin. So please keep your mind clear.

People can do whatever they want. Whether they will be successful or not, only time will tell. I think I agree with you that it is important now not to lose your mind and pay attention to really reliable projects. But personally, I'm not ready to invest in bitcoin yet.

[RussianEnglishTranslation]

Bitcoin drop to $20k is an opportunity to hold because it is cheap compared to ATH, however you should not invest in bitcoin by selling a car or pledging property to invest. Bitcoin will bounce back and spike could hit new ATH but who knows when it will happen, so don't invest in such a risky way.
Doge will always be a meme so if you invest, be prepared to think about the consequences it will bring, possibly losing everything when you invest in doge.

People nevertheless will continue investing everything hoping that Bitcoin will rise very soon. But I don't really think it will happen soon. I really advice to invest in privacy coins now. I also continue mining Crypton and it shows a growth now, no matter almost all the coins follow Bitcoin. So please keep your mind clear.

I have about 5% of my crypto portfolio in privacy projects like 0xMR and PRV- incognito chain and DERO. These are the three privacy projects that I am most bullish on. DERO still has a ways to go because it doesn't have a DEX on it's chain yet but it's coming. The incognito chain is up and running 100%.