It's slowly recovering and is now at almost 50k once again. The Tesla news definitely caused a lot of uproar and disappointment from some of us. Although contrary to what most of the guys here suppose, I don't think Elon is trolling or memeing this time. He knew the detriments that bitcoin could cause to the environment, especially given the fact that most of us still get their internet and electricity from the burning of fossil/unrenewable fuels, which is directly opposite of what he wants.
As it should be, I expected it to recover since the news was just an exaggerated reaction of many people as if bitcoin is forever gone when Tesla suspended their bitcoin option for payment. People find his excuse a bit flimsy so they are irrationally mad at him like Elon took something from them so they have to be mad at him on the Internet as if Elon is going to consider your emotions, did you expect a businessman is your friend? 
Topic: A Sudden Price Drop in The Crypto Markets - page 7. (Read 1118 times)
What doesn't kill you makes you stronger. Bitcoin is in such a strong position now, thanks to its strong resistance when powerful people tried to destroy it. Elon Musk is not the first billionaire who tried to destroy Bitcoin and he will not be the last one. But the earlier ones realized that it is impossible to destroy Bitcoin, since it doesn't exist in the physical form. The decentralized nature of Bitcoin means that you can't destroy Bitcoin by taking down a central server or organization. And now Elon Musk will be taught a lesson which he will never forget in his life.
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I don't really think this time around the bearish gonna be like 2017 though but it is definitely possible, as to the question, I don't think the bullrun is also over either. Take it simply, many company still trying to make an entry to crypto, every week there's a brand new news coming out regarding some company making an investment not to mention the defis that's so used it burdens ETH's network as well, that also could affect bitcoin market. if any it's probably down -25% of current ATH in my opinion.
Given the state of all that is going on, is it a feasible idea to think that we may see a sub 45k price point for bitcoin?
Depends on many factor, sub 45K definitely possible but the market is solid enough to make people buy around the dip, some people definitely gonna find the dip as an opportunity to buy because with institutional investor also holding big bag of bitcoin most of people gonna feel more secured I guess.
A sudden price drop in the crypto markets along with the deepening points loss in the dow jones point to a a slow and steady downward trend as of late. Is the bull run of 2021 over? Are these the marks of the beginning of something much worse to come? A major recession, a new crypto winter? What could possibly be next? Any comments and thoughts are more than welcome.
The bull run already ended before the crash. The price of bitcoin was somewhat stable. The sudden drop is because of the recent announcement by tesla. That was a shit move by Tesla and Musk, but you can't blame them for the crash. They are party responsible, but then people are more responsible for the crash. When tesla announced that they won't be accepting bitcoin, probably everyone started to panic. Some people maybe thought that Tesla will sell the bitcoins that they were holding and cause the market to collapse. And then there is this fear of the regulators. It's slowly recovering and is now at almost 50k once again. The Tesla news definitely caused a lot of uproar and disappointment from some of us. Although contrary to what most of the guys here suppose, I don't think Elon is trolling or memeing this time. He knew the detriments that bitcoin could cause to the environment, especially given the fact that most of us still get their internet and electricity from the burning of fossil/unrenewable fuels, which is directly opposite of what he wants.
Just the words and actions of Elon Musk lay on fertile ground, overlaid with the news from the stock market. The market is a bit overheated, especially with the sharp bullish rise of alternative cryptocurrencies, so any reason can serve as a trigger that can trigger a correction and force players to lock in profits. I am not so pessimistic about the market prospects for the year, but I would not be surprised if in the coming summer months we will be in a sideways trend or in some correction, because it is not for nothing that there is an old stock exchange rule that in May you need to sell. 
It's slowly recovering and is now at almost 50k once again. The Tesla news definitely caused a lot of uproar and disappointment from some of us. Although contrary to what most of the guys here suppose, I don't think Elon is trolling or memeing this time. He knew the detriments that bitcoin could cause to the environment, especially given the fact that most of us still get their internet and electricity from the burning of fossil/unrenewable fuels, which is directly opposite of what he wants.
I highly doubt it that this is the case here, Musk is known for having a real influence on the market, looking at Dogecoin is enough to set the example. He already knew that before getting involved in Bitcoin, the environment issue is just an excuse to further manipulate prices, since his status is sufficient to have a massive effect.
It's slowly recovering and is now at almost 50k once again. The Tesla news definitely caused a lot of uproar and disappointment from some of us. Although contrary to what most of the guys here suppose, I don't think Elon is trolling or memeing this time. He knew the detriments that bitcoin could cause to the environment, especially given the fact that most of us still get their internet and electricity from the burning of fossil/unrenewable fuels, which is directly opposite of what he wants.
Just woke up this morning and saw that bitcoin price drop down to around fourty-five thousand.It is an alarming thing to see a sudden downtrend just because of Elon Musk announcement that Tesla will no longer be accepting Bitcoin because of the effects of mining to the environment.The good news is that we are still in a bull market don't think this news is enough to pull us back into the bear market as prices seems to be rising now.
A sudden price drop in the crypto markets along with the deepening points loss in the dow jones point to a a slow and steady downward trend as of late. Is the bull run of 2021 over? Are these the marks of the beginning of something much worse to come? A major recession, a new crypto winter? What could possibly be next? Any comments and thoughts are more than welcome.
You can blame Elon Musk for trolling the entire crypto community and the whole market for the sudden crash. He announced that Tesla will no longer accept Bitcoin payments because according to Musk, cryptocurrencies are hurting the environment. Moreover, environmentalists were claiming that Bitcoin mining was taking a large toll on electricity, which is solely based on fossil fuels, especially coal, and were against Tesla's option to receive Bitcoin payments.What an irony, the large scale of battery production isn't that environmentally friendly either, but no one is commenting on that.
Its all thing happen because of marker manipulation and the manipulator are 2 person 1 is Elon mask who distory the bitcoin and because of bitcoin distroy the whole markets cap gose down. As a result full market distroy. And another person is The ethereum creator vitalik who has removed 13000 ethereum from a biggest meme coin Shib as a liquidity and then donate $1B+ to indian covid relief fund. His intension is good and reason is great but because of the liquidity removed the whole meme market crush and we saw the crush sceneray. Its my opinion others can defind it in different way thank you.
A sudden price drop in the crypto markets along with the deepening points loss in the dow jones point to a a slow and steady downward trend as of late. Is the bull run of 2021 over? Are these the marks of the beginning of something much worse to come? A major recession, a new crypto winter?
If this is the end of the bull run then I'd say that it's still a good start for a bear market then but I don't think that it's already the bear market. There will be more drops if we're really thinking that we're now entering into a bear market.What could possibly be next? Any comments and thoughts are more than welcome.
Next is that keep observing the market or if you don't want to, buy.
Given the state of all that is going on, is it a feasible idea to think that we may see a sub 45k price point for bitcoin?
You can blame Elon Musk for trolling the entire crypto community and the whole market for the sudden crash. He announced that Tesla will no longer accept Bitcoin payments because according to Musk, cryptocurrencies are hurting the environment. Moreover, environmentalists were claiming that Bitcoin mining was taking a large toll on electricity, which is solely based on fossil fuels, especially coal, and were against Tesla's option to receive Bitcoin payments.
What an irony, the large scale of battery production isn't that environmentally friendly either, but no one is commenting on that.
I do not blame Elon at all, you know why? Because if people give him that much power, then he will definitely use it, why not use that kind of power when you have it? It is every single person who makes trading decisions based on Elon that is the problem and as long as those people exist, we will keep having this kind of problem for sure.What an irony, the large scale of battery production isn't that environmentally friendly either, but no one is commenting on that.
We are not going to have any type of problem with crypto if we could just ignore Elon and any other person who might want to talk about it, but if we keep trading based on what Elon says or someone else says, that is not going to change and we can't blame Elon for "dropping the price" because he wasn't the one who dropped the price, it was the people who sold their bitcoins because of his tweet that we should be blaming, they shouldn't have sold their coins based on what Elon says but they did and they are the ones to blame.
Tesla's act of stopping accepting Bitcoin as a payment unit caused Bitcoin to plummet today. The drop in value is just one of the correcting waves.
We are in the midst of economic recovery from the pandemic. America was safe when vaccinations COVID-19 were done across America. This can affect Bitcoin as the money may flow to other investment channels for profit.
I'm not worried because Bitcoin is now becoming the world's new store of value. The market's rally will continue as businesses are continuously buying into bitcoin.
We are in the midst of economic recovery from the pandemic. America was safe when vaccinations COVID-19 were done across America. This can affect Bitcoin as the money may flow to other investment channels for profit.
I'm not worried because Bitcoin is now becoming the world's new store of value. The market's rally will continue as businesses are continuously buying into bitcoin.
A major recession could happen because our biggest supporter - Elon Musk - decides to turn his back on bitcoin. Tesla, thus, will no longer accept bitcoin as a payment method. This is a disastrous impact on bitcoin, forcing the price to decrease lower than $50000. I hope that bitcoin can maintain this price for months, otherwise we have to think about selling our bitcoin
Elon Musk statement have negative impact in crypto world, after the release of his statement many altcoins are drop down. But this is reality in crypto world, when they hear some good or bad news for sure it has effect to crypto world movement. Social Media has great impact to whatever plans they're going to do in the next future.
No one can directly manipulate the market but it will be easily affected out from positive or negative news outside. And Elon Musk they say maybe one of the reasons. But if you think how volatile the market is, a sudden price drop is just natural. Coins will eventually have their own pump and dump moment and not just because of a celebrity who keeps on making tweets about crypto. Prices will definitely change from time to time and this is the reality of crypto.
Elon Musk statement have negative impact in crypto world, after the release of his statement many altcoins are drop down. But this is reality in crypto world, when they hear some good or bad news for sure it has effect to crypto world movement. Social Media has great impact to whatever plans they're going to do in the next future.
Market volatility is normal and you should be accustomed to it so if you cannot afford a 10% loss then this market is not a suitable place for you.
Everyone says that Elon musk is the reason for this volatility it is the nature of the market and there are several factors that may lead to price fluctuation, and one of them may be that Tesla stops accepting cryptocurrencies.
Relax, it is an opportunity to buy cheaper.
Everyone says that Elon musk is the reason for this volatility it is the nature of the market and there are several factors that may lead to price fluctuation, and one of them may be that Tesla stops accepting cryptocurrencies.
Relax, it is an opportunity to buy cheaper.
Probably cause of Elon and Tesla. AS much as most people hate it, Elon has quite an influence in the market (at least, some newbie investors do base their stuff on his opinions), and Tesla is a big corporation. Seeing that they dropped Bitcoin as payment may send negative signals to investors, hence why the sudden drop (although fr, it's not like we forced them or anything). It's also quite stupid how Elon's reasoning for the drop was about the economic reasonings and stuff like that.
That could be a somewhat valid point, look at what happened with the XRP-Ripple situation. The SEC clamped down on them, drove the price down to around .30- .40 and now its well above 1 dollar. Sheer coincidence maybe and maybe market manipulation.
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