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

[yhiaali3]

I think Elon Musk is the one who needs to be kicked if he thinks he can stand in the way of Bitcoin, he can manipulate prices because of the billions he owns and thanks to some idiots who still follow his tweets but he is definitely unable to stand in the way of the future of Bitcoin.
In any case, Elon Musk is a businessman in the first degree, and I do not think that he cares about Bitcoin or Dogecoin or other cryptocurrencies except to get more profits, so he does not care about the name of the coin, but rather how much money he will put in his pocket by manipulating the coin.

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[cryptoaddictchie]

Im sure that Bull run will continue this year as many institutions shows their support on bitcoin. One example of this is Michael Saylor which even publicly announced that their sacrificing some of their own stock to buy bitcoin shares. This move will trigger some of the other known institutions and banks to activate their financial greed lock. Also dogecoin the project Elon Musk supported will definitely get some more support from the Billionaire.

[perfect999]

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 guess all the POS algorithm based coins can be classified as green coins, right? This way, I guess there are tons of coins will be available to adopt, right? Then what would be the point of mentioning any few of them? I mean this crypto world needs something unique and mostly the first ones are getting attention which must be the reason, we are seeing bitcoin is continuously getting value appreciations and dogecoin is one of the first meme coin which is the reason, it attracted lots of investors including Elon Musk.

I don't think Elon Musk will switch over to some other crypto in any near future unless otherwise something big happens with bitcoin or dogecoins. So, he may keep shilling and these two coins may keep continuing growing up.

[hd49728]

I guess all the POS algorithm based coins can be classified as green coins, right? This way, I guess there are tons of coins will be available to adopt, right? Then what would be the point of mentioning any few of them?

It is a very old trend in crypto. Recent months you witness many shit meme tokens are created every day. It is exactly what happened with PoS coins years ago. They are dead assets in crypto market and the bull run from 2020 to 2021 can not help them to recover.
Check them with https://masternodes.online/. Sort the price and you will see the dead list.

I mean this crypto world needs something unique and mostly the first ones are getting attention which must be the reason, we are seeing bitcoin is continuously getting value appreciations and dogecoin is one of the first meme coin which is the reason, it attracted lots of investors including Elon Musk.

I don't think Elon Musk will switch over to some other crypto in any near future unless otherwise something big happens with bitcoin or dogecoins. So, he may keep shilling and these two coins may keep continuing growing up.

The best is cryptocurrency with a hybrid network between Proof of Work and Proof of Stake as well as with Masternodes/ Supernodes. I think a hybrid coin like that is green enough.

Eloncoin - Mars, here we come!! 🚀 - POS Energy Efficient.. Maybe the PoS meme coin is green.

[ethereumhunter]

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.

At least, we can use that moment to make a profit again. If we can not use that, maybe we do not need to do anything except watch it. We do not know what Elon does later after his tweets, and maybe he will make another noise and make people panic again because he will not say anything. But somehow, the bull run will continue and will come to the market and that will be only a matter of time to happen.

[jrrsparkles]

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?

Cryptocurrency market is being bullish since April 2020, so you are wrong with the statement that it becomes bullish since the beginning of this year, all those rich people saw the potential and hyped it more then reaped their profits with Bitcoin. Now they are targeting the altcoins like Doge, so don't be a stupid again and again.

[Teraboy]

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.

The bubble already burst and crypto must try to create another bubble again and this needs a very long time process. It's not even a trap but people are very fanatic with him. The only problem is people were taking what he was saying too much. What elon says = reaction to the market as this guy has more than 50 million followers.
Imagine how big the impact that created by him. Elon was also helping crypto to reach another ATH as well.

[Dread Pirate Roberts]

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?

I'm quite fan of doge coin way before elon musk . the thing that i loved its fee only 1 doge and transaction its incredibly fast. thats true many people are taking profit from doge coin pump and dump scheme few week ago but there is still many people buying at 0.50- 0.70 i dont think they happy with their asset now.

[michellee]

Bitcoin will have another bull run, but I am unsure if Dogecoin has the next bull run. If bitcoin can increase to more than $75k, Dogecoin can follow increases but we do not know how high Dogecoin can increase. But after what happened to Dogecoin before, I think Dogecoin needs time to rise again. We need to wait and see what will happen to Bitcoin and Dogecoin, and hopefully, Bitcoin can increase again. The crypto market will have more surprises later.

[masterrex]

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 don't think Bitcoin and Dogecoin are comparable, Anyway, my opinion about these two coins are; for me, Bitcoin is a real deal because it has a store of value,(SOV) while Dogecoin is only a meme coin or a (joke coin) But suddenly Elon Musk shill this meme coin, and then hype comes in, driving the price to what is now, but the question is how long Dogecoin can sustain this pump because Dogecoin can't be a store of value because of many reasons. and also some red flags, like most of its supply was monopolized only by few wallet addresses and for me, that's not good. Anyway, let's just stick to that issue for now.

On the other side, the so-called green coins are being popular nowadays because they have an impact on climate change issues, and being environmentally friendly coin functions is a huge advantage.  

[Yudhisthir]

It's hard to predict a bull run but what most of us believe is bitcoin and most of the crypto are going to make another ATH. Bitcoin has fallen significantly from it's ATH, over 40% of decrease, that could be considered a correction. The price has been stabilizing above 30K, and 30K could be considered the resistance point at the moment. Any movement between 30 and 40K are the opportunities to bag coins for cheap. And by seeing the market trend, we can conclude that a lot of people are buying and holding at this price range which would be the precursor for next bull run.

[SquallLeonhart]

It's hard to predict a bull run but what most of us believe is bitcoin and most of the crypto are going to make another ATH. Bitcoin has fallen significantly from it's ATH, over 40% of decrease, that could be considered a correction. The price has been stabilizing above 30K, and 30K could be considered the resistance point at the moment. Any movement between 30 and 40K are the opportunities to bag coins for cheap. And by seeing the market trend, we can conclude that a lot of people are buying and holding at this price range which would be the precursor for next bull run.

We have been way over 30k for a long time, we did reach 30k for a while but we didn't do that for a very long time, we did that for just a very quick period of time and that's it. At the end of the day we reached 40k multiple times and have been very close to it which means we are not going to end up under 30k at any time soon, that is at least what it looks like.

I personally hope that we do even better because it is definitely something we can do, 40k+ is not that far away and with just a little push we can break it and be there. Afterwards it is easier, because once people see that bitcoin is going up then they will attack and buy more and more, hype creates hype in bitcoin and just a bit of increase equals a bit more increase and that is a very good thing for me. I do not really think that we should be this low at the moment, we definitely have a better chance.

[MusaMohamed]

if you look at posts that are often made by Elon Musk, then Shiba Inu has the same potential as what happened to Dogecoin, because I see Shiba Inu pumps often occur when Elon Musk mentions the name of this coin on Twitter.

If Dogecoin soars, other coins with dogs will try to rise with Dogecoin. Shiba is the second biggest meme token so it will follow Dogecoin very closely.

Elon want something green, greener and SHIBA meets his demand. You don't have to mine SHIBA with any mining rigs. I don't hope but Elon won't make me surprised if he shills SHIBA after Dogecoin.

I suggest you not to stay too long at Shiba Inu because I think this token has a very high risk.

Dogecoin and SHIBA are all risky and you should not touch them if you want to buy and hold them for long.

[jostorres]

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?

Don’t you think it is time we stop attributing the growth of Bitcoin and other crypto prices to what people like Elon Musk has to say or not. Whether they say anything or not, we already know that the price of cryptocurrencies is volatile and it’s always going to be moving up and down. So I don’t think it’s something that has to do with him. And moreover it’s not everyone here in the cryptocurrency community that follows them and be waiting for what they have got to say. Right now the price is down again and are you going to say that it is because Elon has not said anything yet or what?

[shogun47]

I wouldn't dedicate too much of the movement in the market to any of Musk's tweets anymore. It is still a little bit of a self-fulfilling prophecy, but in my opinion the big effect his voice had on the market is quite over. Bitcoin is stable  and goes sidewards within certain boundaries. Maybe it is different for Dogecoin, I am not following that too closely, but for Bitcoin Musk doesn't have significant influence anymore.

[sapnu]

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?

Elon Musk has a huge influence and surely has lots of friends or business partners who are whales. If they decide to manipulate or play with prices of different crypto in the market, they could and it would be much worst if ever they become unified on doing such thing. Dogecoin and bitcoin both gained benefit from his advertisement but as time passes by, there are people who are able to get out of ignorance and his tweets loses its worth and many starts being unbothered on what he is doing. If ever he suddenly decides to abandon any of this two popular coins at the moment, we'll see if the value will go down hard all of a sudden.

[Emmychris]

No doubt  with the past events we could easily say Elon musk had an influence in the market, him sharing FUD with the support of China cause this low prices we are seeing but i don't think Elon Musk has so much influence again on the market because he is slowly loosing his tweet power, his loyal followers are developing hatred on him because of his attitude towards bitcoin. For me i think the bull season hasn't ended yet it's still very much around and soon we will start seeing price pumping.

[tvplus006]

No doubt  with the past events we could easily say Elon musk had an influence in the market, him sharing FUD with the support of China cause this low prices we are seeing but i don't think Elon Musk has so much influence again on the market because he is slowly loosing his tweet power, his loyal followers are developing hatred on him because of his attitude towards bitcoin. For me i think the bull season hasn't ended yet it's still very much around and soon we will start seeing price pumping.

Everyone has already noticed that Elon Musk's tweets do not have a long-term impact on the price increase, unless they are supported by a global trend for the growth of the cryptocurrency market. Therefore, after the pump, the price returns to the previous level. And as long as we see that the market is in a bearish situation, it is impossible to change the market with tweets alone.

[Sethrey]

And what will happen next? Elon is going to promote some unknown coins like CRP and other green stuff? Will it work or it's profitable for already stable coins only? As I know, Chia became popular just after Elon mentioned it. So it's a new way of promoting things?

[yazher]

I wouldn't dedicate too much of the movement in the market to any of Musk's tweets anymore. It is still a little bit of a self-fulfilling prophecy, but in my opinion the big effect his voice had on the market is quite over. Bitcoin is stable  and goes sidewards within certain boundaries. Maybe it is different for Dogecoin, I am not following that too closely, but for Bitcoin Musk doesn't have significant influence anymore.

Looks like the guy is messing around the crypto industry with his current popularity and he always thinks that no matter what he tweets, it gives some kind of impact on the market. that's why things will not become clear on the newbie investors because most of them are only relying on behalf of what he gonna say next. the only thing you can rely on when it comes to this kind of strategy is yourself. you need to make a decision to consider giving some time to research what is going on in the crypto industry without letting the current hype do the works.