Elon Musk won't save Doge or Bitcoin this time

[philipma1957]

We are back to the 90s, the Fed raised the rates by 0.50% - nothing is going to stop the trend of further rate hikes - which in turn will keep on taking the air out of the balloon so called Crypto.

if you think the fed is going to pay 9% on 30 year bonds you may be correct that rate would hurt btc and other coins.

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[riso2015]

although this time elon musk doesn't want to save bitcoin, I personally don't think it will have a big impact on bitcoin, once again I say that Elon musk's words cannot be used as a benchmark and we shouldn't take this seriously, because it has become a habit, he said always changing, I will still take this opportunity to buy bitcoin, whatever the risk in the future, I will definitely accept it.

[Kimonoe]

regardless of elon musk, between doge and bitcoin, in my opinion it is more feasible to choose bitcoin in investing. So far there hasn't been a booming statement from Elon Musk, and even if there is, I think you have to be careful how you interpret it. even though he has influence in cryptocurrencies, often what he says is just a concentration breaker, if we don't understand it fully, we can get caught up in it

[Hypnosis00]

although this time elon musk doesn't want to save bitcoin, I personally don't think it will have a big impact on bitcoin, once again I say that Elon musk's words cannot be used as a benchmark and we shouldn't take this seriously, because it has become a habit, he said always changing, I will still take this opportunity to buy bitcoin, whatever the risk in the future, I will definitely accept it.

He can't influence the mind of the people again. Perhaps, the market suffering a huge correction turning to bearish status and no one could save this, it gonna be all of us. Well, I see the participation of institutional investors has a big impact on the slow recovery but it should also need us small market players to keep the downtrend momentum stop. But on the side of Elon Musk, he gives no attention to Bitcoin, instead for Doge.

If Bitcoin will drop more and go deeper, Dogecoin still involve and see its price drop as well. It was a market chain as per to see as the entire market is relying upon Bitcoin.

[Renampun]

Not only Elon Musk, I don't think there is any cryptocurrency influencer that can stop this market disaster. It has affected everyone including Elon Musk too, so there is no point of saving others if I was also affected. I don't know when this disaster will come to an end but we hope it ended soon because many people are financially down due to this bear market. The market has been down for a very long time, we need a bull run.

soon the market will be bullish again, it can't be stopped...

as long as I know bitcoin, Bitcoin's worst bearish was in 2019 to 2020, it lasted quite a long time and also took emotion but last year bitcoin broke a new ATH and it was the moment bitcoin bounced back. surely later bitcoin will create a new ATH again, our job is only to buy bitcoins when the price is low.

[cheezcarls]

I don't think he will this time. He has already done enough influence on Bitcoin, Dogecoin, etc., last year where see BTC going up to as much as $68k before it crashes down. Unless he is going to tweet about buying LUNA, the crypto market goes crazy that might result to more buyers in a short period of time before the trend of hype dies down again. Just my opinion.

[Oceat]

The market is in bearish for a year now and I don't think Elon Musk would help this time since during the bullish time he abandoned Bitcoin community and chose Doge instead. So, why would we care about him saving Bitcoin when it's clear that he no longer be needed in this community. Bitcoin price can grow in no time and this we experience today is just a temporary drop and at least it's still high enough compared to the 2017 ATH .

^ He cannot help because people already know about him, he manipulated the BTC price before and people don't let that happen again. So there is no way to save the BTC price during this bearish time or probably just a short correction. BTC price is unpredictable and now one can tell which and when it will grow, it is a matter of time that the market will heal and back to the price which we have an ATH. Dogecoin has already a place to shill so nothing to worry about this, Elon Musk bought the Twitter platform, and for sure Dogecoin has a place to hype.

His twitter deal is put on hold, so right now, he is still not the owner of Twitter.
Anyway, do people really think that he saved bitcoin one time?
Maybe, when it comes to doge, because with all the tweets pertaining to doge, doge achieved an ATH of about $0.73.
And now, it is in the 8 cents level. I guess, a lot of buyers are now losing from this old meme coin.
People are just waiting on his next tweet to hope for the best about this coin. That's not a very sustainable approach.

I didn't know about that on hold deal on Twitter I'm sure once he owns it dogecoin will be spamming on that platform. So, anyway, we better not include Elon Musk on this Bitcoin topic since he won't be doing something to this market anymore unless if it benefits him he might be but we all know he's just manipulating the market. So people don't trust him on Bitcoin market but still there are people who believe in him when it comes to altcoins and that is his memecoin plus owning a popular platform will help him to boost it. lol

[OgNasty]

I think Elon is actually in a position to now be the biggest supporter of crypto in the ecosystem.  It seems pretty obvious that he's going to implement Dogecoin tipping on Twitter in some fashion.  I'm sure that will be a massive positive for the Doge community and will get plenty of new eyes on the cryptocurrency.

In addition to his latest purchase helping grow the value of Dogecoin, you can't forget he also owns Tesla and that they not only own a ton of Bitcoin, but Elon has said when he's comfortable with renewable energy aspect of Bitcoin mining, Tesla will begin accepting Bitcoin for it's cars again.  This would be a massive positive for Bitcoin and if Tesla really did hold all the Bitcoin it took in, I'm sure it would send us to new highs.

Y'all can hate Elon if you want to, but if you're in Bitcoin for the money, he's probably your best bet at making a massive gain from this point.  That and the ETF becoming a reality.

[Argoo]

I don't think he will this time. He has already done enough influence on Bitcoin, Dogecoin, etc., last year where see BTC going up to as much as $68k before it crashes down. Unless he is going to tweet about buying LUNA, the crypto market goes crazy that might result to more buyers in a short period of time before the trend of hype dies down again. Just my opinion.

What is happening to LUNA right now could happen to Dogecoin and Chiba any day now. All these coins have grown in price due to artificial hype and can lose it in one moment. I think Elon Musk is not a lifesaver and will not raise the fallen price of LUNA. He has already made quite a few mistakes with cryptocurrencies.
As for bitcoin, a drop in its price for a while will not hurt him. This has both negative and positive aspects. After all, cryptocurrency attracts users precisely with its high volatility.

[Newlifebtc]

The reason why Elon musk wont save Doge or Bitcoin need to be expatiate for people like us to  understand, my question is that, is it that the Bitcoin and Doge is not good to be save by Elon or is too small compared to Elon kind of business plans and business circle. Elon can not leave Dogecoin and starting saving another coin, and saving another coin like Luna is like the another way of promoting any coin, from the promotion Elon presented to Doge when the pumping of doge was on, i conclude that doge is still in control of musk

[nurilham]

Elon Musk is not a cryptocurrency saver, he is just another influencer, to whom people believe to much.

Agree. He never becomes a crypto saver, he is an influencer. And he tweets anything that looks profitable for him, not for crypto space. So, it is very wrong idea to call him as a saver for BTC or Doge.

But I accept the fact that soon Elon Musk would make a comment on this global crypto price drop. It wont have much effect, but, it will give hope for those who are new or came to crypto by Elon Musk's referral tweets

Elon tweets still have an effect, we cannot deny it. And the people who are waiting for his tweets, are meme coins holders. For meme coins holders, Elon Musk are their hero, because Elon Musk often triggers the price of meme coins to increase massively. Especially for Dogecoin, Elon Musk often mentions its existence.

[Emitdama]

Musk used Doge only for his benefits.
And guess what we were the ones who made DOGE so popular that overnight it got fame.
Now we are also the reason for which Bitcoins are falling down.
People are forgetting that Bitcoin's has limited supply, now or after 2 years it will again rise as it's a valuable digital asset.
So instead of selling their Bitcoins(which people are actually doing), if they buy more Bitcoins now, then it will be fruitful for them in the future.
Nevertheless Bitcoin has risen 9% from yesterday, and this is not for Mr Musk, so yes Bitcoin is recovering and soon it will be back in his regular pace.
Good luck to all the traders.

It wasn't even for his benefit, I do not think that he did it just to make money. I mean this guy is the richest person in the world so he doesn't really need money.

Tesla is building billions of dollars worth of factories all around the world, if I am not mistaken they have one in berlin for European market and they have one in Nevada as well for the American market. If they are rich enough to do that, so spending around 10 billion dollars for making bigger profits in the future, then I am sure that doge couldn't bring him anything else and he paid billions in taxes as well. Long story short, we are talking about someone who did it just for the fame and nothing more.

[Get-Paid.com]

if you think the fed is going to pay 9% on 30 year bonds you may be correct that rate would hurt btc and other coins.

Unfortunately that's the trend.
Life will become more expensive globally with higher rates and higher costs of living.

[Majestic-milf]

We are back to the 90s, the Fed raised the rates by 0.50% - nothing is going to stop the trend of further rate hikes - which in turn will keep on taking the air out of the balloon so called Crypto.

We don't need Elon. I mean, there has always been rate hikes and volatility but that has not stopped BTC ever since it's inception. Doge was not really there for anything other than to be boosted and made popular by him.
 I strongly believe this is just a phase for the BTC and it will rise again.

[Get-Paid.com]

We are back to the 90s, the Fed raised the rates by 0.50% - nothing is going to stop the trend of further rate hikes - which in turn will keep on taking the air out of the balloon so called Crypto.

I mean, there has always been rate hikes

"always"?
The world has gone for 13+ years without it.

These rate hikes are definitely a signal for something new.

[Ziskinberg]

if you think the fed is going to pay 9% on 30 year bonds you may be correct that rate would hurt btc and other coins.

Unfortunately that's the trend.
Life will become more expensive globally with higher rates and higher costs of living.

That is really hurting everyone but that was life and we need to face it. We could expect, probably a double increase 10 years from now. And might expect that Bitcoin will have an increase in its price at that time. If we are buying now and then just hold for 10 years, we're absolutely making a huge profit but guess what?

Might to say we're getting rich a few years from now but our expenses and the cost of living tremendously moving high as well.

[ilovealtcoins]

But I accept the fact that soon Elon Musk would make a comment on this global crypto price drop. It wont have much effect, but, it will give hope for those who are new or came to crypto by Elon Musk's referral tweets

As to Bitcoin, it will be saved by itself. Like it usually does. How many times people buried Bitcoin ? This price drop will just +1 to current bury counter.

I think so too, he'll be sure to post tweets about the recent drop soon. We all know he is a bitcoin and crypto lover. While he has used his fame in the past for his own gain, he is clearly advocating bitcoin and crypto. This is something we should be glad he's on our side.
Bitcoin doesn't need anyone to save it, people find a way to destroy it but then it will stand up on its own and will get stronger and stronger.

[EdenHazard]

Elon Musk is not a cryptocurrency saver, he is just another influencer, to whom people believe to much.

Agree. He never becomes a crypto saver, he is an influencer. And he tweets anything that looks profitable for him, not for crypto space. So, it is very wrong idea to call him as a saver for BTC or Doge.

But I accept the fact that soon Elon Musk would make a comment on this global crypto price drop. It wont have much effect, but, it will give hope for those who are new or came to crypto by Elon Musk's referral tweets

Elon tweets still have an effect, we cannot deny it. And the people who are waiting for his tweets, are meme coins holders. For meme coins holders, Elon Musk are their hero, because Elon Musk often triggers the price of meme coins to increase massively. Especially for Dogecoin, Elon Musk often mentions its existence.

He got his fortune through crypto .

look how skyrocketing he is in the post-crypto related tweet in the last two years , he got a huge profit through it and gain a real huge popularity as well that help tesla get the full attention from the public especially those crypto holders that loving to splash the money . i'm not sure that he is done , he could surprise us again this time.
especially thesedays .. he is loving to buy a company , we'll see what's next.

[Natalim]

Elon is only good if the market is bullish, why? because he is good in hyping the market, now that it's bearish, his charm will not work. And you know what? I think Elon Musk is very much ready to buy the dip and accumulate the coins that he would pump in the bull season, easy money for him because he has the influence but he will use it at the right time.

[Miller77]

Elon is only good if the market is bullish, why? because he is good in hyping the market, now that it's bearish, his charm will not work. And you know what? I think Elon Musk is very much ready to buy the dip and accumulate the coins that he would pump in the bull season, easy money for him because he has the influence but he will use it at the right time.

Elon musk is a top influencer in the crypto space and anything he touches or quotes stands. Although he as gigantic amount of cryptos which he stocks in his wallet for the purpose to explore more in the nearest future. He controls the market with his wealth and influence, he hardly losses, he is the current CEO of dogecoin and Tesla company. Elon is Looking to make crypto popular in the universe and acceptable by all nations.