Bitcoin losing its importance

[uneng]

I believe you shouldn't worry about bitcoin losing importance because it will still hit much higher prices. Billionaires are trying to manipulate the market because they know how strong bitcoin is, especially on long run, so sometimes they have to lead people to lose interest for it, what causes a drop in prices, giving themselves the opportunity to buy cheaper coins and pump the market again in the next moment.
The strategy these guys use is to make common investors lose interest for bitcoin, so they accumulate more coins and consequently have more influence in crypto universe on long run. That is why many people here advice others to not sell their coins, to not be weak hands.

[1714498597]

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[blackened515]

I don't think Bitcoin is losing it importance, it have been there since 2009, and it known to be the king of Cryptocurrencies. Some people actually wanted to control the price of bitcoin, but it seems impossible, because Bitcoin is decentralized. It can't be controlled by anyone. Bitcoin indeed have a bright future, and investing in it would be a great decision.

I think that Bitcoin won't lose its importance like this. Yeah, people like Elon Musk have manipulation powers. But their power is weakening day by day. The market is getting more resistant against people who have influence. And it will continue to become stronger in the future. At some point, we won't see these people's words having an affect on the price.

I agree with you. With time, the words of these men won't have a single effect on the price of bitcoin. Bitcoin have proved itself to be a strong cryptocurrency. Despite  the fall in price and the negative words been spoken about Bitcoin. Bitcoin is still strong. I believe the price will soon rise very high.

[AniviaBtc]

Like how? Is it because its price that you saw in the market is not that high compared these past few months?

Be patient my friend, bitcoin is always important for those who invest and studied it. There are things that needs time so that it can fully recover and retain its price.

Bitcoin is not like what you think that have a stable upward movement in its price because cryptocurrency doesn't work that way.

[AakZaki]

~snip~

The decline in the price of bitcoin is also due to accumulation and some speculation and negative rumors circulating. Bitcoin continues to thrive. To reach the highest price, a price correction is needed. New ATH will still be achieved by Bitcoin. Bitcoin is the king of cryptocurrencies to date. Bitcoin continues to have importance for many, for many in the crypto community. The main benchmark for altcoins is still Bitcoin.

[Rabi3]

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.

it is true, just a tweet for Elon Musk affects the price of bitcoin which also leads to affecting almost all the crypto market, but i don't think it will get to a point where they fully control it, some small ups and downs like this just happen because of people trying to make some profit out of his statements, we didn't see a really big affect on it, but maybe after some time it could go "into the hands of centralized powers" as you said which is really concerning.

[Rruchi man]

The need for power, greed and control would in some years to come cause Bitcoin and other cryptocurrencies to become "centralized" if not entirely but partially. Definitely. Personally I don't believe in Elon's / Tesla's power to wholly manipulate Bitcoin's price as other factors are present. On the other Bitcoin isn't losing it value, it's rather just getting started. According to an article on statista, "The number of Bitcoins processed on a single day reached its highest value at the beginning of 2021, as more people displayed interest in the cryptocurrency." Numbers don't lie

https://www.statista.com/statistics/730806/daily-number-of-bitcoin-transactions/

[gabbie2010]

As far as Bitcoin is concerned the wealthy and rich individuals will continue to influence, control and manipulate it price I am not surprise with Elon Musk sudden positive remarks on Tests reaccepting Bitcoin he is trying to test his influence on the price and truly the price responded and turn bullish thus disrupting the decentralized feature of the coin unfortunately the manipulative influence of wealthy individuals like Elon Musk on the price of Bitcoin is becoming very obvious and indirectly swinging it to a centralized property, of course nothing can be done to reduce their influence.

[azmirihaque]

It is right that Bitcoin market has some what affected by the words of Elon Musk. This situation may temporarily break the discipline of the bitcoin market but I think it can't decrease the importance of Bitcoin. Now the question is manipulation. Who is responsible for manipulation? I say, the investors are mostly responsible. The investors should be more practical and should have proper knowledge about market. Why the investors sell and buy depending on the words of Elon Musk. They should act on the basis of the market, not on the words of Elon Musk.

[Ziskinberg]

As far as Bitcoin is concerned the wealthy and rich individuals will continue to influence, control and manipulate it price I am not surprise with Elon Musk sudden positive remarks on Tests reaccepting Bitcoin he is trying to test his influence on the price and truly the price responded and turn bullish thus disrupting the decentralized feature of the coin unfortunately the manipulative influence of wealthy individuals like Elon Musk on the price of Bitcoin is becoming very obvious and indirectly swinging it to a centralized property, of course nothing can be done to reduce their influence.

Not all rich people have the influence in the market, Elon Musk is somewhat different from others knowing that he was been in a known and growing business that makes him very popular. He can really manipulate the minds of innocent people as they never know what really is the intention of EM. It really finds to be disappointing how that it happens but they have the freedom and rights also, so they are free to do that. But for those who know the hidden agenda of EM, manipulations won't work. Unfortunately, still, a lot of people think about instant returns and they will also think that Elon could help them and so they will follow what he says.

[rina aulia]

People who are willing to move forward and not being shaken by big whales, sooner or later more people will understand the value
of this market adoption will take place.

We've been through the market year after year and are used to watching market manipulation by big whales, we've been strong with bear markets because eventually the big whales want the market to go up and they will continue to push the market in a bullish market.

[hitsnorth]

I bet OP feels stupid himself now while BTC regains it's position.

[haasanjui]

Some of influencers words impacts the price of Bitcoin. This situation is breaking the decipline of Bitcoin. There is no manipulation in Bitcoin company. I have little doubts about Elon musk's statement and Tesla action is not a joke. It is peril for future of Bitcoin.

[sapnu]

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.

It is not only the influence of those big people on why bitcoin is starting to lose its importance. It is also because of how people view bitcoin nowadays. They are doing their investment wrong most of the time and they rely on the views of people like Elon Musk. It has been a long while already ever since Elon entered crypto and made a huge impact in it nevertheless, all of this should already be over as we get to understand what he is trying to do and how selfish he really is. Make your own speculation, listen to crypto experts, not on billionaires that are planning to make bitcoin centralized.

[perfect999]

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.

For them to be able to manipulate will take a lot of people listening to their words. And moreover a lot of people are already stopped like Elon Musk for what he did before, so they stopped following him and listening to whatever he has to say. Although I know for sure that there are still people who follow every word he says, and those people will always make a move based on whatever he has to say.

What these influencers do is to manipulate people in their favor, they look for one thing and say and it either puts people into fear to start selling or greed to start buying. Though I wouldn’t say that the last move was because of what Elon has said. Sometimes we are the ones that are always attaching price movements to whatever actions these people take and making it seem like they are the ones behind every move.

[Sihab76]

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.

Elon Musk's announcement in the second phase of Tesla's acceptance of Bitcoin has not diminished but increased Bitcoin's acceptance.We think that in the distant future, different countries of the world will recognize Bitcoin as the acceptable currency of that country. Then the approval and acceptability of Bitcoin will be equally appreciated by all.

[LongStand]

Elon Musk tweets that tesla will not accept the Bitcoin. Bitcoin losing its importance as a result of Elon Musk's market moving tweets on environmental issues. After that as a result of concerns over the cryptocurrency's usage in the colonial pipeline ransomware attack.   

[AverageGlabella]

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.

It is not only the influence of those big people on why bitcoin is starting to lose its importance. It is also because of how people view bitcoin nowadays. They are doing their investment wrong most of the time and they rely on the views of people like Elon Musk. It has been a long while already ever since Elon entered crypto and made a huge impact in it nevertheless, all of this should already be over as we get to understand what he is trying to do and how selfish he really is. Make your own speculation, listen to crypto experts, not on billionaires that are planning to make bitcoin centralized.

Elon Musk might be trying to centralize Bitcoin but it is impossible and would be a waste of effort. Bitcoin has not lost its importance this was a reaction to the price dipping after the Elon announcement but since we have seen Bitcoin regaining its value. How has it lost its importance? Bitcoin is still providing a way for people to become their own bank and decentralize their money Bitcoin never stopped doing that and is not losing its importance. 

Elon Musk lost some of his importance because a lot of people are now seeing that he tried to manipulate Bitcoin and Bitcoin has started to recover after the dump that happened after his episode.

[Semar Mesem]

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.

Elon Musk's announcement in the second phase of Tesla's acceptance of Bitcoin has not diminished but increased Bitcoin's acceptance.We think that in the distant future, different countries of the world will recognize Bitcoin as the acceptable currency of that country. Then the approval and acceptability of Bitcoin will be equally appreciated by all.

I'm not sure that bitcoin's current performance is positive and up more than 5% because of the announcements of Elon Musk and Tesla accepting bitcoin, what's happening now is certainly a normal thing for bitcoin, especially since it's near the end of the year where the trend for bitcoin usage is usually increasing.

[Kittygalore]

You're a bit delusional about it OP, it's quite the opposite, it's becoming more important than ever, people are looking for it and trying to accumulate it because they know the capability of bitcoin and how it's a really good way to invest in the market and testimonies from different people who made fortunes out of bitcoin are too many for the other people to just ignore it.

[Rigon]

Bitcoin is never losing its importance. Bitcoin's popularity is slowly increasing. We can see that Bitcoin is now very well known and popular all over the world.Bitcoin is widely used around the world. As the day goes on normal The importance of Bitcoin will increase a lot all over the world. So I'm saying that the importance of Bitcoin has increased a lot now and will increase as the days go by.