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This is not adoption, what you describe already happened in 2017, it is for this reason that many began to get acquainted with cryptocurrencies in order to grab their piece of the pie. I doubt that people who come for easy money will have a desire to study something there, they are not interested in technology, they are interested in making money quickly. After all this, only a small percentage will continue to study something further, the technology itself, the very idea of ​​cryptocurrencies. And we will not see any adoption in the minority.

2017 and its subsequent collapse showed this perfectly. The masses came to the market and they also instantly disappeared from there, among my acquaintances who came to the crypto market in this way, all as one are still convinced that cryptocurrency is all a scam and a ponzi scheme.

And they have a good reason to think so - they lost their money there. But, alas, not everyone will be able to work on their mistakes and understand what happened wrong and led to such a sad result. This is a difficult way to solve the problem. And many people like to follow the simple path. Just to say that it was all a big deception and a scam, I was deceived. Self-justification is fulfilled.

So, through the formula, more speculation = more adoption as such, there is never, in the full sense of the word, and never will be.

Speculation and excessive volatility only scares potential investors away from cryptocurrency.

Maybe the question could also be asked the other way around: More speculation - more adoption?

I believe that most of the newcomers from recent times get in not because they are fascinated by the technology, but because it can't be overlooked this market is absolutely on fire! They want to get in with the goal to participate in the mania and speculate, but they might end up researching different projects and slowly understanding why this market is growing and what blockchain technology could be good for. That question can probably be asked both ways.

Whales and manipulators are not only Elon Musk. Price manipulations are triggered with news but technically they carefully prepare things (indicators) and wait for right times to release news.

One tweet of Elon Musk is a sufficient condition and it need to have prerequisite conditions previously. Does Bitcoin should be corrected before the tweet of Elon Musk? Personally, I think it should be corrected seriously somewhat. This correction, fortunately, is healthy and necessary, also called as prerequisite, for next all time high.

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Long term perspective

• Bitcoin performs well if we look at it in yearly low price and price around the Genesis block date.
• Ignore FOMOs and corrections, Bitcoin has years of continuous growths. ^{Charts made months ago}

Are we any different from him though? I mean I am sure that it is pretty hypocritical of us criticizing that he was in the market for selfish interest when we are doing the same. Well, it's the people that followed what he said, the public sucks because they believe what someone at the top says, his words wouldn't come to fruition if the public didn't follow like a blind sheep and now the public is angry.

I will not talk on any other thing except on the impression that actually Mr. Elon Musk is just pursuing his own personal and company interest when he entered the cryptocurrency scene. Of course, nobody can question the kind of influence he enjoyed that is why even a single tweet that can even be obscured at best can push a coin to the moon or as to what happened lately to the "dump" and we know it. We allow this man to do whatever he wants to and to say whatever he wants to say. However, we have to remember that Elon Musk is never the representative nor the spokesman of this expanding industry -- he is just an uninvited guest here. When things get tough and rough, I am sure he will just be doing the usual exit.

I've already been having arguments with people on such different views on BTC's current bull run with many people as I told them that BTC may drop as if a fortune is slipped out of someone's hands, if these institutions start taking out their holdings. Everyone thinks that there's definitely going to be a buyer for each institutional seller, but I guess the recent constant drops (not 1 or 2 but more than that) in BTC are a perfect example for them. Buyers still believing that institutions will just pour in lots and lots of money just to make them (the buyers) millionaires or maybe billionaires is totally wrong. This representation of crypto is not looking good and rather making bad impression in the eyes of newer institutional investors who maybe think twice before investing in BTC just because of how Elon Musk misconducted everything and made BTC to show sharp falls in a matter of hours and sometimes, even minutes.

We must remember that there will come a time, when even these institutions will sell because they are too here for profits.

That's a good analysis.

People who are in bitcoin are somehow basing on their influencer's decisions. But it shouldn’t be like that. I think the bitcoin community must know that we don’t take validations from others. But honestly, I think they do the same.

The 10% of it that went out of Bitcoin are the people who went to bitcoin just to be bandwagons and people who only had FOMOs and they are so fearful that they think Elon could impact the price and they started to panic.

I feel bad about these people honestly but there is no one to blame not even Elon Musk. The best thing to do here to stay and keep what we do and that’s it.

In essence, institutional bullrun offers some disadvantage compared to the retailers and short term traders bullrun.

You can deduce that, in short-term or retailers bullruns, there is no real market movers or determinants as, to change the  trend on the charts, there have to be some coagulation of traders or retailers to move in one direction which is a very hard to coordinate or synchronise adequately and rapidly. Hence, you can always abserve a gradual change in trend mean while,

The institutional has thought us a lot as we can see in the long bear candle formation on the  charts right there. The worst part of it all is that, it took less than 24hours to reach that low. When the institutions functions as the market movers, the market seems to be against everyone as, it suddenly starts to look like a profit based manipulation of the market aimed at accumulating sats.

We need to be more coordinated to bring back the kind of moves we had in 2017. The institutional thing isn't going to get us anywhere, market manipulations is bad.

Elon Musk has gained such a huge following that the movement of the market hinges on what kind of content he tweets. Remember, when Bitcoin was at 30-40K, Elon Musk announced support for Bitcoin and it spiked quite significantly. It isn't wrong to say that the rise is due to Elon Musk's endorsement of Cryptos/Bitcoin in general. Having such a prominent figure insinuating that Bitcoin is intrinsically bad for the environment without having some form of qualifiers is terrible for Bitcoin.

Notice how he said he would switch back to Bitcoin if it adopts a more eco-friendly solution? Yeah, not a chance. He is as good as gone. The community doesn't have to budge for him.

You're right that when institutions become unreliable, the price can change as rapidly as when newbies were investing back in 2017. However, I do believe that it's different this time because the support for high prices is clearly much stronger than back then. For instance, while the price did drop to around $47k, it's back to $50k once again, so even such a big event as Tesla stopping accepting BTC managed to cause a 15% drop of the price which was shortly reduced to a 10% drop. While significant, it's not that huge for Bitcoin and could happen for other reasons at any point. Investors might pull out, but I don't think they'll do it simultaneously, and I don't think the price will remain low for a long time after these events.

That's because there are more people in the market and we know how doubt can spread like wildfire in the market. I think that it is a natural thing to happen since people always have doubts.

The recent Elon Musk FUD was likely the previous FUD that happened with Bitcoin around 2 years ago. This time is different, it can only be driven by a billionaire guy.
I can also consider Elon Musk is likely John Mcaffee of the last bull run, we saw how John Mcaffee entered the cryptocurrency scene since he is the well-known guy in the tech industry, he can pump any altcoins before when he starting to show.
For me, these kinds of FUD from huge personality in crypto will start become a FUD of ETF rejection in previous, which people started to became neutral for some related FUD.

In short, it is just showing that we are still early indeed, a billionaire guy can just easily move the market with just some tweets.

Every company or person,that can directly influence the Bitcoin price can be called a market manipulator.
Is this price manipulation illegal?If I have to be honest,I don't know.Some stock prices are manipulated the same way as crypto and nobody gets punished for that.
All the big companies,that bought Bitcoin(Paypal,Grayscale,Microstrategy,Square)will dump BTC immediately, right after the US government tells them to do so(in one way or another). We have to be prepared for that possibility.
The real BTC adoption will come,when the masses adopt Bitcoin,instead of a bunch of corporations and billionaires.

You are right. This has always been the case every millionaire and especially billionaire has made their money from manipulation in some sort of way. If people think that Elon Musk cares for cryptocurrency more than his own companies then you are wrong. Elon Musk cares about 3 things. Tesla, Spacex and pushing the agenda that he is "for the people". We are talking about a billionaire which was the founder of Paypal. Paypal is anything but cryptocurrency friendly. They have implemented Bitcoin into their service because it will make them money. End of discussion. Its not to encourage a developing currency or to revolutionize their platform its a small part of their platform which is only available in certain countries designed to make them a lot of money. Just look at the fees involved with Paypal to cryptocurrency and you will soon see that they are exploiting their users based on the PR that Bitcoin has been getting.

2020/21 has been great for Bitcoin in terms of exposure everyone seems to be talking about Bitcoin or cryptocurrency in some way which means that big companies like Paypal, Tesla and any other big company will look to exploit that. Going back to Elon he has been seen to promote DOGE on his twitter as the next best thing which in my opinion is just ludicrous.

I would not be surprised if we see some of the big players act in cohesion with one another to manipulate the market as you say more adoption more speculation and because it looks like everyone involved in cryptocurrency is paying attention to the billionaires which control our market they will have even more control if they all start bad mouthing cryptocurrencies and dropping support for it.

We will see more companies adopt Bitcoin in the near future and that might not be for the right reasons. They might have seen what Tesla can do to the market and therefore might be interested in manipulating the market in their favor to generate more income. This is the biggest threat to Bitcoin in my opinion. These big companies have the power to swing Bitcoin back and forth to their benefit.

If we see a coordinated attack from multiple big companies and new sources then I will be convinced that they are in cohesion with one another and are trying to manipulate the market to their benefit. This could mean that new investors are put off investing in something which can be easily manipulated which means that there will be less adoption as a result. The short term effect of these companies manipulating could damage Bitcoin and cryptocurrencies in the long run.

I am not saying this will happen but I can see the potential for it to happen. If the big companies can spin cryptocurrencies in a way that they will benefit hugely then I have no doubt that they will attempt to do so. I am not saying that the companies themselves will be the ones to benefit from it but the owners/board room behind them. This is just one scenario that I could think of if a company like Amazon starts to accept Bitcoin but then later decides to remove it in a similar fashion to Tesla the owners could purchase Bitcoin while this dip has occurred and then wait or even re implement it at a later date to drive the price back up.

If you look at the message from Tesla they do not rule out the possibility of re implementing Bitcoin in the future knowing that Elon Musk has supposedly invested in Bitcoin already is it not that far fetched to believe he might buy a lot of coins now while it has taken a dip and then reintroduce Bitcoin to Tesla in the future and he directly benefits by increasing is cashflow? 

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