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Author Topic: Bitcoin, Dogecoin Gain After Musk's Tweets, But Will There Be Another Bull Run?  (Read 5270 times)
zahed
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August 08, 2021, 07:40:53 PM
 #101

Is there really someone else who believes Elon's comments?
It's funny, but this whole story seems like a big joke to me. But unfortunately, many users have lost a lot of money.
If can be funny for you but true. 58 Millions fans follow him in social network (Only Twitter) think it how much can impact he's one tweet must be many believe him otherwise doge never up nearby 1$. If who lose for invest by see elon musk tweet than never did same mistakes.

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August 08, 2021, 08:29:17 PM
 #102

Yes, I agree with you. This is a nice bonus that can be used for internal payment transactions in the future. Also, against the background of the chia scandal, the environmental friendliness of Crypton mining attracts attention.
Although it can attract a lot of attention, it doesn't mean that everyone can do it well, because environmentally friendly crypto mining can also cost a lot of money at first, although the results can be taken forever.



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August 08, 2021, 09:08:22 PM
 #103

These tweets that come from Elon Musk usually influence the pri e of dogecoin ,bitcoin and some other coins in the short run but not enough to cause a bull run.
One thing is for sure bitcoin needs serious reasons to cause a bull run, like new legislation which everyone is happy about this will cause price to go up.

Quote
But Will There Be Another Bull Run?
Yes these are cyclical in nature, today we might be in a bearish phase the next few weeks price could be in a bull run , it's all about the right time.

R


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marcous
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August 08, 2021, 10:08:25 PM
 #104

If can be funny for you but true. 58 Millions fans follow him in social network (Only Twitter) think it how much can impact he's one tweet must be many believe him otherwise doge never up nearby 1$. If who lose for invest by see elon musk tweet than never did same mistakes.
The effect will indeed be there, but believe me that such an influence does not have strong fundamentals so that the resistance to high prices will not last long if it can reach the desired price in a short time.

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August 09, 2021, 09:04:24 AM
 #105

Do you still believe in elon musk after what he did to the bitcoin market? I personally will not depend on the fate of my money only on other people's tweets, because it is clearly too risky and we can see how many traders suffer losses just because they believe too much in Elon Musk's tweet which is able to increase the price level of Doge so they buy Dogecoin at a high price and without analyzing price movements in the market, in my opinion, the current decline in bitcoin prices is one of the consequences of Elon Musk decision which refuse Tesla payments using bitcoin, in addition to those made by the Chinese government.
Believe in him or not, it is not important because it is not a reason from you, it is from others. If they believe in Elon Musk tweets, they will be manipulated by his tweets.

His twitter has more than 59 M followers and many of them will believe in Elon Musk. One or two months ago, he has only 54 M followers. Do you see how his network grows very fastly?

Many other influencers have 1 to 2 M followers and can create effects on the market, so only 10% of followers from Elon Musk twitter, with 5M will have big effects on the market.

R


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August 09, 2021, 04:23:37 PM
 #106

From the current market reaction, it seems the trend of the market following the tweets from Elon Musk has passed that is, the market is doing pretty well now without his influence and that is really great, moreover I think there was a time he made a tweet about Doge and the normal pump which used to follow didn't occur, therefore showing in a way that his influence is reducing.
Also, asking about another bull run, I think we are in it already or better still close to getting into one, those who thought Bitcoin will dump were only surprised hours ago when it took a different turn, and now that confidence is returning gradually, bull run can be anticipated to be around the corner.

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August 09, 2021, 09:21:46 PM
 #107

Yes, of course Musk is very enthusiastic about wanting doge and btc to increase in price. because Musk has huge assets for this coin. regarding the fate of btc very clearly good. because many other billionaires invest in btc. and for doge, we'll see doge in the next few years
Why look at Dogecoin in the next few years? Isn't that enough to see this year? where the price of Dogecoin is already at a number that was never predicted before even though it doesn't last for a long time, so I think it's enough to just look at BTC, because when BTC can always be good and good in the market, then other coins will also be good including meme coins like Dogecoin.

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August 09, 2021, 11:43:00 PM
 #108

~
Believe in him or not, it is not important because it is not a reason from you, it is from others. If they believe in Elon Musk tweets, they will be manipulated by his tweets.

His twitter has more than 59 M followers and many of them will believe in Elon Musk. One or two months ago, he has only 54 M followers. Do you see how his network grows very fastly?
I am not a fan of Elon Musk after he started manipulating the cryptocurrency market but i am sure many who are following him knows that he can manipulate the market and whenever he speaks out something they will be willing to hedge on what he is shilling so that they know that they could benefit because of his tweets and it looks like he is having a cult following.

If you really believe in the market we do not need any triggers like this to have a bull run but unfortunately he is having a much bigger influence that it could reflect in the market.
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August 09, 2021, 11:47:32 PM
 #109

~
Believe in him or not, it is not important because it is not a reason from you, it is from others. If they believe in Elon Musk tweets, they will be manipulated by his tweets.

His twitter has more than 59 M followers and many of them will believe in Elon Musk. One or two months ago, he has only 54 M followers. Do you see how his network grows very fastly?
I am not a fan of Elon Musk after he started manipulating the cryptocurrency market but i am sure many who are following him knows that he can manipulate the market.

Let us admit the fact that Elon Musk has somehow now have influence in the market, particularly doge. One good tweet from him and we will see that doge's price is jumping. However, if you are following this kind of price movement, it is very risky as you have no idea when will he post tweets. So if you want less headache, better stick to btc or other solid projects like eth and bnb. At least, with these projects, you know there are actual developments and progress. With doge right now, we have no clue if Elon's collaboration with doge team really did push thru.
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August 10, 2021, 10:40:36 AM
 #110

Yes, of course Musk is very enthusiastic about wanting doge and btc to increase in price. because Musk has huge assets for this coin. regarding the fate of btc very clearly good. because many other billionaires invest in btc. and for doge, we'll see doge in the next few years

In my opinion, Elon Musk has had a personal interest so far so he supports Dogecoin and Bitcoin just like what John McCaffe did a few years ago, I think all this time Elon Musk used his influence to be able to control the price of Doge and Bitcoin in the market and when the prices of the two cryptos it rises high enough of course he will sell his assets and get big profits, to be honest I personally will never trust Elon Musk because he only cares about personal and company profits without caring what will happen to crypto later.

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August 10, 2021, 03:23:32 PM
 #111

No one can predict about it, but most likely it could happen again. Although many people criticize Elon Musk, Elon Musk still has great power to be able to change the price of Doge or Bitcoin with his tweets on Twitter.
Behind whether everything Elon Musk does is for his own personal gain or not, we here must also take advantage of it. If we believe there will be an increase or decrease in the price of BTC or Doge after Elon Musk's tweet, then we must immediately make a decision to secure our assets.
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August 11, 2021, 10:09:07 AM
 #112


In my opinion, Elon Musk has had a personal interest so far so he supports Dogecoin and Bitcoin just like what John McCaffe did a few years ago, I think all this time Elon Musk used his influence to be able to control the price of Doge and Bitcoin in the market and when the prices of the two cryptos it rises high enough of course he will sell his assets and get big profits, to be honest I personally will never trust Elon Musk because he only cares about personal and company profits without caring what will happen to crypto later.

The situation is the same with all the rich people who own big companies. Their main aim is not to provide a good product for people, but to earn money on them. And a big part is selling of personal information. That's why I like projects like Utopia p2p which main aim is similar to all the alt-tech projects - provide full anonymity and freedom of speech. There are no ways to make money on people. Only to earn something on own crypto which is also mined for free.
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August 11, 2021, 12:41:25 PM
 #113

For now the increase in the price of bitcoin and altcoin is happening again, but we do not know if this is only temporary or will again reach the new ATH, and for Dogecoin at this time the price is starting to increase and I am sure that the achievement of $1 will be felt for this year, and we do not know if Elon musk will again twett dogecoin or bitcoin if this can be repeated then the achievement of the new ATH will be easy to achieve.
For new ATH issues on some coins like Bitcoin or Ethereum, it will probably be reached by the end of this year if the market can increase slowly without any further correction, but for Dogecoin, I think it will be very difficult to reach $1 because the coin needs hype or price manipulation from other influencers out there.



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Starkick
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August 17, 2021, 09:24:09 AM
 #114

For now the increase in the price of bitcoin and altcoin is happening again, but we do not know if this is only temporary or will again reach the new ATH, and for Dogecoin at this time the price is starting to increase and I am sure that the achievement of $1 will be felt for this year, and we do not know if Elon musk will again twett dogecoin or bitcoin if this can be repeated then the achievement of the new ATH will be easy to achieve.
For new ATH issues on some coins like Bitcoin or Ethereum, it will probably be reached by the end of this year if the market can increase slowly without any further correction, but for Dogecoin, I think it will be very difficult to reach $1 because the coin needs hype or price manipulation from other influencers out there.
This is a popular story. Especially in the case of new crypto projects. As it was, for example, with chia coin. A lot of crypto enthusiasts have lost money on this. Therefore, I would prefer projects that do not require investment and whose mining is not so energy - consuming-for example, Crypton.
tarable
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August 17, 2021, 11:12:09 AM
 #115

This is a popular story. Especially in the case of new crypto projects. As it was, for example, with chia coin. A lot of crypto enthusiasts have lost money on this. Therefore, I would prefer projects that do not require investment and whose mining is not so energy - consuming-for example, Crypton.
It's just about the potential and the number of fans of a coin, Chia is a new coin for some people and also for me, so the potential and trust in the coin is still very thin so many people experience losing money when people trust it too much.
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August 18, 2021, 02:54:06 PM
Last edit: August 20, 2021, 12:38:18 AM by layoutph
 #116

Bitcoin will surely bounce and starts to go up. But for Doge, I don't think it is time for this coin to go up as Doge usually goes up just before Bitcoin reach it's ATH. He have a long bull run here to enjoy. But one thing for sure, DOGE will bull run again.
ChaoChibai
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August 19, 2021, 09:29:22 PM
 #117

That's the power of Elon Musk tweet and i'm not suprised many rich people have the power to do that in the crypto, and now Elon musk mention about shiba inu on the tweets, i'm surely shiba inu will going the moon For the next few months

Yes of course rich people such as Elon Musk has the power to do that. Well, I also think shiba inu will going to be at the spotlight as you said. I think this will be interesting to see what will happen to the market after the tweets.

Sethrey (OP)
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August 20, 2021, 09:30:27 AM
 #118

It's just about the potential and the number of fans of a coin, Chia is a new coin for some people and also for me, so the potential and trust in the coin is still very thin so many people experience losing money when people trust it too much.

And what's your opinion on a new UUSD stablecoin from Crypton creators? When the price of the coin is always 1:1 to US dollar isn't it really convenient? And the idea of anonymous transactions makes it even better.
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August 20, 2021, 11:29:00 AM
 #119

Dogecoin will only maintain its price and worth till Elon musk or someone else keeps tweeting about it. It wasn't a serious project in the start and is still that way but the tweets of tycoons have just given its temporary life.
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August 20, 2021, 11:47:52 AM
 #120

That's the power of Elon Musk tweet and i'm not suprised many rich people have the power to do that in the crypto, and now Elon musk mention about shiba inu on the tweets, i'm surely shiba inu will going the moon For the next few months
If that's the case, then it wouldn't be wrong to take advantage of the opportunity to buy shiba inu at this time before it's too late, because the impact of Elon Musk's Tweets will never last in the long term so taking advantage of it early is the perfect solution in my opinion.



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