Bitcoin losing its importance

[TravelMug]

I think nowadays is not really different with what happened in past when "china accept bitcoin", then price pumped and then "china ban bitcoin, or maybe big countries ban bitcoin" then price will really fast to get dumped. Can't resist market is really affected by something like that like news that come or maybe influencer who talk about it, if me maybe i will just accept that fact, or maybe if i can, i take it as opportunity to made profit.

Well, from all the news and various things that affect the price of bitcoin.. it proves that Bitcoin still survives and shows its strong side in price movements because there are still many people who believe in bitcoin and put hope in it. And of the many things that affect the price.. of course it still can take a gap can provide a wide opportunity to gain a profit.

Because BTC has become the best assets this year, out phasing stocks or even golds as far as growth is concern. So if you are a serious investors or just average joe looking for you and your families future. Then bitcoin is the go to investments. Although is has a wild ride this year getting in a new all time high then subsequent fluctuations resulting to a massive decline, still you can make money out of it in the long run. Just look at the future and maybe we can see bitcoin getting in the 6 digits pattern at the end of this year.

[Sithara007]

The fact that Bitcoin markets are being manipulated is a concern. But it is also true that his (Elon's) manipulatory tactics failed in the long run. The prices collapsed by almost 50% from the ATH levels (although this was not entirely due to the stance from Elon), but Bitcoin has showed remarkable resilience in making a comeback. Now once again, the exchange rates are close to $40,000. Personally, I would refrain from using the exchange rate as a parameter to measure the popularity of Bitcoin. Let's stick with the basic parameters, such as user base and daily trade volumes.

[DOH!]

It needs to be allowed for its real growth. Quite often these guys manipulating the market looks like an asset that doesn't have its own value, but depends on someone's words.

How can we achieve this “allowed”.  In fact, the market base surrounded by volatility, is still the driving force of perception and equality.  Are you just naming Tesla/Elon, Grayscale, MicroStrategy...?  I don't think so, more than 10 years bitcoin has not received more from the law, it is the above factors that are creating the frictional forces.  Bitcoin has a long way to go to full reality, they have turned speculation into a store of value.  Of course, I think there are downsides to any problem.  Accepting it or not is the format that may or may not be appropriate.

[CryptoYar]

It is difficult to manipulate the value of Bitcoin, but it is still happening. I think the reason for the fall in the price of Bitcoin was manipulation so that they could buy it cheaply and sell it again at a higher price.

however, at least I'm not much worried. because I hold Bitcoin for the long term and such small pump dumps are nothing to me.

Bitcoin importance is not lost, in fact it is still gaining popularity ~

Exactly, the popularity of bitcoin is increasing, al's Its use is increasing day by day. Which is a good thing.

[qwertyup23]

I think nowadays is not really different with what happened in past when "china accept bitcoin", then price pumped and then "china ban bitcoin, or maybe big countries ban bitcoin" then price will really fast to get dumped. Can't resist market is really affected by something like that like news that come or maybe influencer who talk about it, if me maybe i will just accept that fact, or maybe if i can, i take it as opportunity to made profit.

Well, from all the news and various things that affect the price of bitcoin.. it proves that Bitcoin still survives and shows its strong side in price movements because there are still many people who believe in bitcoin and put hope in it. And of the many things that affect the price.. of course it still can take a gap can provide a wide opportunity to gain a profit.

I think many people have been associating the 'fall of bitcoin' to its price on the market. Though I do understand that it is the main indicator, many still have been taking for granted its actual use- removing third-party intermediaries.

The blockchain technology will be the key in the future of transactions. As long as BTC remains relevant in the years to come (which I truly believe so), then we can expect a shift to digital transactions in the far future.

[mrongos]

on what basis do you say bitcoin lost its importance,,?? we all know bitcoin is never controlled by anyone, and the price of bitcoin falling is also not affected by the negative posts of bitcoin haters, because from the beginning of the emergence of bitcoin there have been those who hate and post negative things about bitcoin, but the proof is that the price of bitcoin until now can still said to be high in the market,, I totally disagree if anyone says bitcoin has lost its importance..

[Alisha-k]

If bitcoin eventually gets to the hands of the centralized government it will loss it's transperancy and automatically it would become a private source no longer open source and a more deceptive manipulation would set in from government authority even altering the anonymous nature of bitcoin which might even make it decline more

[Golftech]

Once again the market has been manipulated after the statement of Elon Musk "Tesla will Re-accept Bitcoin" and this way based on the volume of accumulation one day bitcoin network might go completely into the hands of centralized powers.

It needs to be allowed for its real growth. Quite often these guys manipulating the market looks like an asset that doesn't have its own value, but depends on someone's words.

Thats just how the world of investing works , I think its the strategy that elon use to to manipulate the market cause its definetly easy to manipulate and he just trying to get a good entry for big profit. You can see it oftenly when the market is down, people trying to put gasoline into the fire to make it more down and when it goes up they just trying to make it higher and higher by praising it.

common practices of those big whales who understand how the market works and how they can easily move

those people who are trying to ride with them, once the market is down more money being thrown to put it

to much deeper value, then when known personalities start to call and praise it then expect the next move

to favor the market back.

[temple]

If bitcoin eventually gets to the hands of the centralized government it will loss it's transperancy and automatically it would become a private source no longer open source and a more deceptive manipulation would set in from government authority even altering the anonymous nature of bitcoin which might even make it decline more

And how do you think would that happen? How is a government going to get its hands on Bitcoin other than buying it or starting mining operations that are so huge that they control the majority of the network? That is not going to happen. Governments can only try to indirectly stop Bitcoin. I am not sure what exactly OP is referring to and whether he is talking about Bitcoin's decreasing dominance in market capitalization, but we have seen that happening in the past and at some point Bitcoin bounced back. That might happen again as Bitcoin is on the rise again.

[oemar bakrie]

people who are very influential and very easy to turn things around in the crypto world.. let's wait and see what will happen with Elon's previous steps with the doge of many people who are starting to be stunned by that move..

[Ararbermas]

people who are very influential and very easy to turn things around in the crypto world.. let's wait and see what will happen with Elon's previous steps with the doge of many people who are starting to be stunned by that move..

correct and that's why they can always manipulate the market without doing anything wherein just few a words and thoughts through social media they can easily make investors and traders going crazy especially weak hands..
Actually for me if we will learn the leason from what they all have done with bitcoin and doge perhaps they can't make manipulation again like what happened previously that seems the most worst situation of the market.. What i mean yes they can give impact in the market but they cannot make the situation worse when they dumped if all of us also will gonna keep hodling to protect the market from manipulation..probably it's possible right?

[777Jolami]

Once again the market has been manipulated after the statement of Elon Musk "Tesla will Re-accept Bitcoin" and this way based on the volume of accumulation one day bitcoin network might go completely into the hands of centralized powers.

It needs to be allowed for its real growth. Quite often these guys manipulating the market looks like an asset that doesn't have its own value, but depends on someone's words.

You are talking about linkages between corporations and celebrities that are creating an increasingly high profile based on the impact of the community.  I'm not sure but if there is a chance they can do so to make a big gap, bitcoin is still decentralized, only its owner wants to reform its net worth.  I think bitcoin will still be sustained by the sustainability without the celebrity structure (Michel Saylor, Elon Musk...) of the market.

[verita1]

Bitcoin needed to have good news in those days to stimulate the market. I remember that at that time the bitcoin mining businesses were receiving a negative bombardment from China in relation to their exit.
The price of bitcoin fell due to the migratory process of the miners.

A bit to change the gloomy atmosphere that was drawing and not to lose confidence towards bitcoin I think that the conference organized by Jack and others was timely for Elon Musk to talk about his position in relation to Tesla and his bitcoin investment, it is not because nothing but Tesla being the second company to own 43,200 bitcoin.

In my opinion, the virtual conference The B Word was key to change the course of things in bitcoin and what was gained was the confidence of investors to continue advancing in implementing the technology.

https://twitter.com/Coin98Analytics/status/1419930894823944195?s=19

[seramania]

Elon Musk's strategy of moving the market is very strong. I wonder why the crypto market is so affected by Elon Musk. Actually this has a positive and negative side to Elon Musk's chatter. but I think it has created a mass panic in crypto

[Ayiranorea]

Elon Musk's strategy of moving the market is very strong. I wonder why the crypto market is so affected by Elon Musk. Actually this has a positive and negative side to Elon Musk's chatter. but I think it has created a mass panic in crypto

Rather than panic, now he's the trend setter of the crypto network. Because more people have started to follow Elon Musk. Earlier it was only the traders who have an eye over his statements. Based on what he does will be the market changes, and they try to make some good profit through it. Now common people wait to buy at the dip which happens based on his reactions.

[dataispower]

Elon Musk's strategy of moving the market is very strong. I wonder why the crypto market is so affected by Elon Musk. Actually this has a positive and negative side to Elon Musk's chatter. but I think it has created a mass panic in crypto

Elon Musk has over 50 million followers on his account on twitter more than 20,000. Of those people are millionaires. They are directly influenced with what he tweets, posts or even say. That's the ideology of the bad influence he has on the market. I believe most people have started to ignore his shallow way of fudding on the market.

[BIT-BENDER]

I used to have doubts about the works of Elon musk on Bitcoin, I still have some little doubts down there somewhere but all the happenings after Elon musk's statement or Tesla actions on Bitcoin is no longer a joke, it's dangerous to have a future about bitcoin in the hands of billionaires and business men, regardless I don't think Bitcoin importance is at stake, but the fact that greedy and selfish interested people can control the bitcoin market.

[ReiMomo]

Once again the market has been manipulated after the statement of Elon Musk "Tesla will Re-accept Bitcoin" and this way based on the volume of accumulation one day bitcoin network might go completely into the hands of centralized powers.

It needs to be allowed for its real growth. Quite often these guys manipulating the market looks like an asset that doesn't have its own value, but depends on someone's words.

Yah right. In recent days, Bitcoin growth is manipulated by many aspects, especially, with tweets of Musk. I feel, after Musk's tweets about crypto, we can observe large number of investors have stepped into crypto. And his tweets, enlarged bitcoin awareness among people. Bitcoin growth had always remind manipulated by one or the other stuffs like news and whales. Bitcoin is closely watched my all now a days. Its really the one we expected.

[bitbunnny]

I used to have doubts about the works of Elon musk on Bitcoin, I still have some little doubts down there somewhere but all the happenings after Elon musk's statement or Tesla actions on Bitcoin is no longer a joke, it's dangerous to have a future about bitcoin in the hands of billionaires and business men, regardless I don't think Bitcoin importance is at stake, but the fact that greedy and selfish interested people can control the bitcoin market.

I fully agree that Bitcoin shouldn't be at any kind of I influence of people like Musk, however sometimes that is inevitable. On the other hand their interest for Bitcoin is temporary and only if they see some profit or promotion for themselves but that usually doesn't last for long and it's pure manipulation.
Anyway, I don't think that diminish the importance of Bitcoin and on long term it will only become bigger and more influential.

[Woodie]

Once again the market has been manipulated after the statement of Elon Musk "Tesla will Re-accept Bitcoin" and this way based on the volume of accumulation one day bitcoin network might go completely into the hands of centralized powers

For now we are all rejoicing to see price go up but this is going to backfire on us like it did with the mining and its negativeenvironmental impact in some areas.

It needs to be allowed for its real growth. Quite often these guys manipulating the market looks like an asset that doesn't have its own value, but depends on someone's words.

In the build up of bitcoins price, it seems these guys always have a hand in its performance and there is nothing we can do as cryptocurrencies aren't regulated.
But in the long run this has to stop, we need btc to prove itself that it can grow on its on without one man's influence.