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

[Pierre 2]

I think Dogecoin became something other than normal coin. Its probably more recognized than Ethereum even. People buy and sell Dogecoin mainly for quick profits. So Elon Musk is not only reason, Doge is nice option for all kinds of speculators. Doge sort of has use too, many people prefer to use it for quick and cheap transactions. None of meme coins can claim Doge's place. Elon Musk speculation is just another reason to buy it.

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[sukmo]

it is possible and most likely Elon Musk will continue to promote other coins as well. But it's more likely that Musk will promote those coins which will put him in an advantageous position and care less about how that might impact the market.

So that's the main reason he doesn't promote any other coin unless it can show that it can add to his wealth. I'm not someone to say Musk is wrong; I'm just saying that's what I'm also going to do as an entrepreneur and try to increase my wealth as well. but why Elon Musk constantly writes about Dogecoin is not clear, most likely Elon Musk invests in Bitcoin and Dogecoin and therefore.

Elon Musk constantly advertises these two cryptocurrencies on his Twitter, and in general it doesn't matter for what reason Elon Musk wrote about these cryptocurrencies, the main thing is that after his message the growth of these two cryptocurrencies started, and this is the main thing.

[Sethrey]

it is possible and most likely Elon Musk will continue to promote other coins as well. But it's more likely that Musk will promote those coins which will put him in an advantageous position and care less about how that might impact the market.

So that's the main reason he doesn't promote any other coin unless it can show that it can add to his wealth. I'm not someone to say Musk is wrong; I'm just saying that's what I'm also going to do as an entrepreneur and try to increase my wealth as well. but why Elon Musk constantly writes about Dogecoin is not clear, most likely Elon Musk invests in Bitcoin and Dogecoin and therefore.

Elon Musk constantly advertises these two cryptocurrencies on his Twitter, and in general it doesn't matter for what reason Elon Musk wrote about these cryptocurrencies, the main thing is that after his message the growth of these two cryptocurrencies started, and this is the main thing.

If they will continue developing - it will be okay, but they work like any other hype coin. It's good for a fast profit if you will know the exact time to invest and withdraw. But it's so unstable that I will never keep my finances in that coin waiting for the best days like I can do with Bitcoin.

[Abiky]

I think Dogecoin became something other than normal coin. Its probably more recognized than Ethereum even. People buy and sell Dogecoin mainly for quick profits. So Elon Musk is not only reason, Doge is nice option for all kinds of speculators. Doge sort of has use too, many people prefer to use it for quick and cheap transactions. None of meme coins can claim Doge's place. Elon Musk speculation is just another reason to buy it.

Dogecoin is full of speculation. It really doesn't bring any real value/utility to the mainstream world. The only reason it's going up in price it's because of Elon Musk. But the effects won't last for long as people move on to the next big thing in crypto. Bitcoin is the only cryptocurrency you should care about, since it's the one that started this whole craze. It's decentralized unlike any other cryptocurrency in the world, with a very limited supply of 21m coins.

You can see why the whole crypto market goes to the moon once Bitcoin starts "pumping" in price. I don't think any other cryptocurrency would be able to survive on its own without Bitcoin (this shows us BTC is the reserve cryptocurrency of the market). Remember, crypto is not about Elon Musk but rather a movement that's bound to change our world for the better (or at least, improve it). It may not replace Fiat, but it will certainly challenge it as an alternative monetary system anyone can join, anywhere in the world without limitations. The crypto market is extremely volatile at times, so I'd suggest you diversify your investment to reduce your losses as much as possible. Just my opinion

[nimogsm]

I will still insist on the more possible growth of privacy coins, especially in a prism of the latest news about its ban within EU. Elon is now busy with twitter and seem to forger about the crypto world. Now he plays more in politics.

It seems to me that it was initially clear that buying twitter would lead to this and that the focus of attention of cryptocurrencies would go to the triple plan.In the near future, you can not expect support from Musk and his tweets that he devoted to cryptocurrency, now he is busy with more serious things.

[Sethrey]

It seems to me that it was initially clear that buying twitter would lead to this and that the focus of attention of cryptocurrencies would go to the triple plan.In the near future, you can not expect support from Musk and his tweets that he devoted to cryptocurrency, now he is busy with more serious things.

I never expected any support from Elon Musk as it's not the natural growth of the coins, but simple manipulation. It doesn't mean that the coin is really promising and will continue growing. We all know how hype works. So I'll continue supporting the projects I've chosen and checked by myself.

[Abiky]

I never expected any support from Elon Musk as it's not the natural growth of the coins, but simple manipulation. It doesn't mean that the coin is really promising and will continue growing. We all know how hype works. So I'll continue supporting the projects I've chosen and checked by myself.

Exactly. What Elon Musk is doing is simply manipulating the market for his own benefit. It's very obvious Bitcoin will rise in price, especially when it's the future of money. Probably Elon Musk bought Bitcoin at a cheap price and wants to sell it higher for profit. The same can be said about trying to "pump" Dogecoin's price with his tweets. People should really move on from Elon Musk and start focusing on what matters most.

It's not about Elon, but rather how crypto/Blockchain tech can change our world for the better by eliminating the middleman from the system. Unfortunately, many people are into crypto to get rich quick. So don't be surprised if more "suckers" fall for Elon Musk's tricks, due to greed. At least, we know Bitcoin won't be going anywhere soon. Who knows what the future for the entire industry will look like? Just my thoughts

[s.tanishka]

I never expected any support from Elon Musk as it's not the natural growth of the coins, but simple manipulation. It doesn't mean that the coin is really promising and will continue growing. We all know how hype works. So I'll continue supporting the projects I've chosen and checked by myself.

Exactly. What Elon Musk is doing is simply manipulating the market for his own benefit. It's very obvious Bitcoin will rise in price, especially when it's the future of money. Probably Elon Musk bought Bitcoin at a cheap price and wants to sell it higher for profit. The same can be said about trying to "pump" Dogecoin's price with his tweets. People should really move on from Elon Musk and start focusing on what matters most.

It's not about Elon, but rather how crypto/Blockchain tech can change our world for the better by eliminating the middleman from the system. Unfortunately, many people are into crypto to get rich quick. So don't be surprised if more "suckers" fall for Elon Musk's tricks, due to greed. At least, we know Bitcoin won't be going anywhere soon. Who knows what the future for the entire industry will look like? Just my thoughts

I agree with you, the focus should be on the potential of blockchain technology and how it can improve our world, rather than getting caught up in market manipulation and greed. It's important to keep in mind that the value of a cryptocurrency should not be determined by one individual, but rather by the technology and its ability to provide a useful solution. It's also worth considering diversifying your portfolio and not putting all your eggs in one basket, whether that be Bitcoin or any other coin.

[Sethrey]

It's not about Elon, but rather how crypto/Blockchain tech can change our world for the better by eliminating the middleman from the system. Unfortunately, many people are into crypto to get rich quick. So don't be surprised if more "suckers" fall for Elon Musk's tricks, due to greed. At least, we know Bitcoin won't be going anywhere soon. Who knows what the future for the entire industry will look like? Just my thoughts

I won't agree with "we know Bitcoin won't be going anywhere soon". I don't know anything, just hope it will rise asap. As anyway it's price is not so much low for investments, but I still have something to hold there. It would be nice to see it at least on 40k this year

[Abiky]

I won't agree with "we know Bitcoin won't be going anywhere soon". I don't know anything, just hope it will rise asap. As anyway it's price is not so much low for investments, but I still have something to hold there. It would be nice to see it at least on 40k this year

Bitcoin has made it this far (14 years), so I'm confident it will last a very long time. I don't think BTC will hit $40k this year, simply because there's not enough "momentum" to pump market prices all the way to the moon. The recent pump was shortlived as crypto is still feeling the pain of the Terra/LUNA implosion, the deteriorating global economy, and the FTX collapse. There's a lot of negativism surrounding the industry right now. It's going to take quite a long time before BTC or any other cryptocurrency for that matter reaches a new ATH in price. Don't count on Elon Musk pumping DOGE's price, especially when investors are getting tired of him. There needs to be something new and fresh that would help crypto gain traction once more. No one knows what the future holds, so we can only hope for the best. Just my opinion

[TheGreatPython]

the focus should be on the potential of blockchain technology and how it can improve our world, rather than getting caught up in market manipulation and greed. It's important to keep in mind that the value of a cryptocurrency should not be determined by one individual, but rather by the technology and its ability to provide a useful solution. It's also worth considering diversifying your portfolio and not putting all your eggs in one basket, whether that be Bitcoin or any other coin.

If it's only about potential then Bitcoin has it. BTC has also done some contributions to solve the real word problems like fighting the inflation and restrictions because of its decentralized nature. Doge coin on the other hand is only the opposite of BTC.

I don't know what contributions it did but I think only cause more problems because it encourage people to create more meme coins and like you said to become greedy of chasing easy money. These types of coins can depend on a few powerful individuals because they can be able to manipulate the coin but a legit or fair crypto is truly decentralized and is fairly distributed to all people in the world.

[s.tanishka]

It's not about Elon, but rather how crypto/Blockchain tech can change our world for the better by eliminating the middleman from the system. Unfortunately, many people are into crypto to get rich quick. So don't be surprised if more "suckers" fall for Elon Musk's tricks, due to greed. At least, we know Bitcoin won't be going anywhere soon. Who knows what the future for the entire industry will look like? Just my thoughts

I won't agree with "we know Bitcoin won't be going anywhere soon". I don't know anything, just hope it will rise asap. As anyway it's price is not so much low for investments, but I still have something to hold there. It would be nice to see it at least on 40k this year

I understand your sentiment, and while we can't predict the future of Bitcoin's price with certainty, it's certainly true that it has a strong and dedicated community of supporters. It's also worth noting that even at its current price, many people are still finding it to be a worthwhile investment. Ultimately, only time will tell what the future holds for Bitcoin and the cryptocurrency market as a whole. But we can hope it will reach 40k this year.

[Sethrey]

Bitcoin has made it this far (14 years), so I'm confident it will last a very long time. I don't think BTC will hit $40k this year, simply because there's not enough "momentum" to pump market prices all the way to the moon. The recent pump was shortlived as crypto is still feeling the pain of the Terra/LUNA implosion, the deteriorating global economy, and the FTX collapse. There's a lot of negativism surrounding the industry right now. It's going to take quite a long time before BTC or any other cryptocurrency for that matter reaches a new ATH in price. Don't count on Elon Musk pumping DOGE's price, especially when investors are getting tired of him. There needs to be something new and fresh that would help crypto gain traction once more. No one knows what the future holds, so we can only hope for the best. Just my opinion

And I really think that the next move is to be done by privacy coins. They already proved that they feel pretty nice on the market despite any regulations, ban, etc. Of course I'm speaking about really private coins, not each one shouting it's the most private.

[s.tanishka]

Privacy coins have always been controversial.Privacy coins, cryptocurrencies that can't be tracked or traced, have always been an issue in the crypto industry. Despite concerns about how they might be used, privacy coins becoming more and more popular.

[Sethrey]

I agree that privacy coins are getting more popularity these days, but what I don't understand why there are no new players in this niche. I'm waiting for a bigger variety of strong privacy coins to have a wider choice.

[Abiky]

I agree that privacy coins are getting more popularity these days, but what I don't understand why there are no new players in this niche. I'm waiting for a bigger variety of strong privacy coins to have a wider choice.

There are no new players focusing on privacy, simply because developers are afraid from being prosecuted by the government. This is not the same as the early days in crypto where regulations were little-to-non existent. Now KYC is mandatory across all centralized exchanges, so it will be hard to keep a privacy coin "private" without exposing the user's identity. Not only that, but the US government has been known to target mixers due to "money laundering" concerns. That same narrative could be used for privacy coins such as Monero and Zcash to stifle mainstream adoption for good. You can see why cryptocurrencies with transparent blockchain ledgers like Bitcoin and Ethereum are rising, while privacy coins like the ones mentioned before are going all the way down the drain.

I seriously doubt Elon Musk will promote a privacy coin someday with his tweets, especially when all he cares about is money. DOGE is the only coin he'll support because of its transparency and inexpensiveness. It's a coin that can be easily manipulated. Who cares about Elon Musk anyways? As long as crypto works as intended, nothing else matters. Just my opinion

[s.tanishka]

I agree that privacy coins are getting more popularity these days, but what I don't understand why there are no new players in this niche. I'm waiting for a bigger variety of strong privacy coins to have a wider choice.

Because it's a big risk! Many governments banned privacy coins. In addition, the economic situation in the world is also the reason why no new privacy coins are created.  Most likely, time will pass, and only large reliable players with their ecosystems will remain.

[Sethrey]

There are no new players focusing on privacy, simply because developers are afraid from being prosecuted by the government. This is not the same as the early days in crypto where regulations were little-to-non existent. Now KYC is mandatory across all centralized exchanges, so it will be hard to keep a privacy coin "private" without exposing the user's identity. Not only that, but the US government has been known to target mixers due to "money laundering" concerns. That same narrative could be used for privacy coins such as Monero and Zcash to stifle mainstream adoption for good. You can see why cryptocurrencies with transparent blockchain ledgers like Bitcoin and Ethereum are rising, while privacy coins like the ones mentioned before are going all the way down the drain.

I seriously doubt Elon Musk will promote a privacy coin someday with his tweets, especially when all he cares about is money. DOGE is the only coin he'll support because of its transparency and inexpensiveness. It's a coin that can be easily manipulated. Who cares about Elon Musk anyways? As long as crypto works as intended, nothing else matters. Just my opinion

So you believe that KYC exchanges is a must? How then Utopia P2P project exists and their Crypton privacy coin? As I know they have own no KYC exchange and Crypton is also listed on 6 or 7 other exchanges. And its decentralization helps it to bypass any possible regulations.

[s.tanishka]

I agree that privacy coins are getting more popularity these days, but what I don't understand why there are no new players in this niche. I'm waiting for a bigger variety of strong privacy coins to have a wider choice.

There are no new players focusing on privacy, simply because developers are afraid from being prosecuted by the government. This is not the same as the early days in crypto where regulations were little-to-non existent. Now KYC is mandatory across all centralized exchanges, so it will be hard to keep a privacy coin "private" without exposing the user's identity. Not only that, but the US government has been known to target mixers due to "money laundering" concerns. That same narrative could be used for privacy coins such as Monero and Zcash to stifle mainstream adoption for good. You can see why cryptocurrencies with transparent blockchain ledgers like Bitcoin and Ethereum are rising, while privacy coins like the ones mentioned before are going all the way down the drain.

I seriously doubt Elon Musk will promote a privacy coin someday with his tweets, especially when all he cares about is money. DOGE is the only coin he'll support because of its transparency and inexpensiveness. It's a coin that can be easily manipulated. Who cares about Elon Musk anyways? As long as crypto works as intended, nothing else matters. Just my opinion

The vast majority of all laundered money goes through the traditional banking system and not through cryptocurrency exchanges. Even most of the so-called anonymous cryptocurrencies are much more transparent and easier to trace than the same cash.

[Sethrey]

Really? As most of people believe that just privacy coins were invented for money laundering only And here's where people lost belief in decentralization and all the other privacy things.