Is it our friend Elon Troll Musk again?
Your guess is as good as mine yes is part of why the market is going down and it started it on a series of tweets on Dogecoin shilling it and creating a FUD on Bitcoin, it's ok for anyone or an influencer to shill any coin but not on the expense of creating FUD on Bitcoin, and being a billionaire and a top dog in the investment industry he suceeded. 
Topic: Anything particular causing these declines? (Read 569 times)
Is it our friend Elon Troll Musk again?
Most probably this guy contributed to huge dump of btc price as well as other cryptocurrency coins, that suffered a lot of times drowning so bad. Though there's no certain fact about the truth, but it was just an ideas which is closer to reality because of his wealth and huge influence. Many people followed him through his success, and maybe this is a serious issues that most people have been fascinated specially on Elon Musk twitts.
https://www.businessinsider.in/cryptocurrency/news/dogecoin-jumps-10-after-elon-musks-twitter-profile-picture-change/articleshow/84544778.cms
When it comes to fundamentals or news then this would be a good spot to look on
https://www.cnbc.com/2021/07/19/crypto-roundup-square-bitcoin-defi-business-elon-musk-dogecoin-tweets.html
China is a different story, they have been FUD'ing the bitcoin market since 2017.
While the latest new of El Salvador is really very welcoming for all of us.
Elon Musk is irrelevant now, he has no longer have that influence like he did in the beginning.
The latest is that about the GBTC unlocking today if I'm not mistaken, but that news seems to have only a little effect on the price. Lows of $30k has been seen, but we have recovered.
They have always done it, but somehow they still.... do it? I mean think about it, we have heard about crypto being something not liked by Chinese government for over 4 years now, they have been saying this all the time and they "banned" bitcoin many many times. I do not know what they are banning, but at the at the end of the day they are still banning like once every year for some reason, when something is banned that is banned and stays banned until you let it be, what are they doing banning it then make it legal and then ban it again?While the latest new of El Salvador is really very welcoming for all of us.
Elon Musk is irrelevant now, he has no longer have that influence like he did in the beginning.
The latest is that about the GBTC unlocking today if I'm not mistaken, but that news seems to have only a little effect on the price. Lows of $30k has been seen, but we have recovered.
I agree with the twitter phenoms though, we should not be focusing on them having any power, stop with giving power to those people because they will take it and use it for their own personal gain without caring about anyone else, that is not going to be something beneficial to any of us so we should ignore him.
Is it our friend Elon Troll Musk again?
Most probably this guy contributed to huge dump of btc price as well as other cryptocurrency coins, that suffered a lot of times drowning so bad. Though there's no certain fact about the truth, but it was just an ideas which is closer to reality because of his wealth and huge influence. Many people followed him through his success, and maybe this is a serious issues that most people have been fascinated specially on Elon Musk twitts.
Is it our friend Elon Troll Musk again?
Nope and I don't think that Elon Musk's tweets can have a huge impact again on the market.Its not the same as where he is months ago where a single positive tweet of him can put the market up double digits in one day.
Its China and I think the news about Grayscale is also one of the reason why the market is declining these past few days. Either way, see this as an opportunity to buy if you have spare money to use
. Forget about Elon S*it already. He is done. Nobody or only few will follow him after what he did last months ago.Everyone has a reason why the price dropped, I do not know why the price really dropped maybe I am wrong about it and maybe someone else would be willing to actually say the real reason, anyone can be right but I believe China is the biggest reason. Of course it is not going to be easy to recover but I also agree that we are doing amazing right now, doesn't matter how the price dropped as long as it is dropped then I would say that it is a great thing because we can buy more and more and that will allow us to actually make a profit. So long story short we are going to end up with a good amount of bitcoin when it is low and that is the important thing here.
Market is really too unpredictable where lots of events that could happen without us even knowing and even if we do then there's nothing we can do about it.
When you do deal or tend to make out investment or trade then you should at least be wary on how things or possible situations that you might faced of.
Is it our friend Elon Troll Musk again?
Nope and I don't think that Elon Musk's tweets can have a huge impact again on the market.Its not the same as where he is months ago where a single positive tweet of him can put the market up double digits in one day.
Its China and I think the news about Grayscale is also one of the reason why the market is declining these past few days. Either way, see this as an opportunity to buy if you have spare money to use
. Forget about Elon S*it already. He is done. Nobody or only few will follow him after what he did last months ago.Everyone has a reason why the price dropped, I do not know why the price really dropped maybe I am wrong about it and maybe someone else would be willing to actually say the real reason, anyone can be right but I believe China is the biggest reason. Of course it is not going to be easy to recover but I also agree that we are doing amazing right now, doesn't matter how the price dropped as long as it is dropped then I would say that it is a great thing because we can buy more and more and that will allow us to actually make a profit. So long story short we are going to end up with a good amount of bitcoin when it is low and that is the important thing here.
Now that Elon Musk has lost investors confidence, so whatever Elon Musk writes on twitter doesn't have as big an impact as it did before.
So the current market decline is probably not because of Elon Musk, but related to the crypto situation in China. Which is where the Chinese
government banned cryptocurrencies again, because we know that in China there are a lot of mining farms and also many big investors from China.
Moreover, China is focused on making digital Yuan so that the entire population can use it. This has brought the market down quite a bit, but I believe
the crypto market will recover soon, we just need to be patient and wait.
It was a few weeks that China had ban crypto mining but the decline has just shown these days and probably they are not the main reason for this. It is hard to find the cause of the decline, yet, this is not a big surprise, we are to expect that this will going to happen. Furthermore, the market is still healthy despite the current decline, $31k is still high for me, we are too far from the previous bear season. So the current market decline is probably not because of Elon Musk, but related to the crypto situation in China. Which is where the Chinese
government banned cryptocurrencies again, because we know that in China there are a lot of mining farms and also many big investors from China.
Moreover, China is focused on making digital Yuan so that the entire population can use it. This has brought the market down quite a bit, but I believe
the crypto market will recover soon, we just need to be patient and wait.
I certainly not looking for a huge decline this year, this is just temporary, recoveries had come next but still, we need to extend our patience.
What you say is quite reasonable, if I think again that China has banned crypto, it has happened a few weeks ago. But over the past few days
the Bitcoin price has dropped to $31k, although it's actually not that far off and Bitcoin is still above $30k. So there's no need to panic
because as long as the Bitcoin price doesn't drop below $30k, the Bitcoin price is actually still high. It's true that it's hard to find the cause of
Bitcoin's decline, because I haven't heard of any bad news other than China banned crypto. There is a possibility that this is a manipulation
by whales to make investors panic. so that whales can buy Bitcoin at a low price. Therefore in the current situation we must be patient holding
the Bitcoins we have, because I also believe this Bitcoin price decline is only temporary and there is still a possibility this year Bitcoin will be
bullish again.
It's not just Musk. Any economic and financial events may have an impact. I know that the recent policy that the People's Bank of China should make is aimed at virtual currencies, which obviously has a great impact on the market.
But we should be hopeful that as China is making laws against it some countries are beginning to adopt cryptocurrency like Vietnam, El Salvador . This will help to bring the price up again because of demand to covert Fiat go btc and hodl.
China is a different story, they have been FUD'ing the bitcoin market since 2017.
While the latest new of El Salvador is really very welcoming for all of us.
Elon Musk is irrelevant now, he has no longer have that influence like he did in the beginning.
The latest is that about the GBTC unlocking today if I'm not mistaken, but that news seems to have only a little effect on the price. Lows of $30k has been seen, but we have recovered.
Is it our friend Elon Troll Musk again?
No it's him but those fud around us which kept playing and manipulating the market situation. Whales is now taking over with the current price volatility, and as they pushed towards their target; small investors suffered the most with emotional side when market got red days. Market recovery has no proper and accurate projections which couldn't coincide on our perspectives.
Tough call during this kind of situation, as in any moment whales can change the directions,
Poor small players always suffered, having a wrong perceptions and mistakenly decide from this market movement,
Better to go for long instead of allowing yourself investment to lose, or if you have good knowledge, you can keep buying
the dip and try to sell when some bounce take place, cutting your previous losses but still keeping your other holdings.
Is it our friend Elon Troll Musk again?
No it's him but those fud around us which kept playing and manipulating the market situation. Whales is now taking over with the current price volatility, and as they pushed towards their target; small investors suffered the most with emotional side when market got red days. Market recovery has no proper and accurate projections which couldn't coincide on our perspectives.
Like someone said it’s a summer sale, so Bitcoin market is going down. Large institutions are crashing the market because they missed out on BTC. Because of crashing people are afraid too, this is what it supposed to happen. It is normal. Seems like Big investors doesn’t trust Bitcoin anymore, that's the problem or the high volatility! If whales manipulating market, then Its time to buy.
Is it our friend Elon Troll Musk again?
He is one of the causes, it happens when he announced that he will not use Bitcoin anymore on his Tesla company because of his so-called energy issue, China is also one of them, these are just two of the biggest issue that haunts the market, for two months now, but even if the market is moving at least it is stabilize in a price that is much higher than last year.
It's not just Musk. Any economic and financial events may have an impact. I know that the recent policy that the People's Bank of China should make is aimed at virtual currencies, which obviously has a great impact on the market.
But we should be hopeful that as China is making laws against it some countries are beginning to adopt cryptocurrency like Vietnam, El Salvador . This will help to bring the price up again because of demand to covert Fiat go btc and hodl.
China has always been a big contributor to FUDs but there's no long lasting effects that have been felt right now.
China as the largest contributor of FUDs from year to year, the ban on FUD mining has a direct impact on the largest mining community in China. But, will FUD from China in the future no longer have an impact on the market crash because the crypto community is fed up with all that?China FUD news is over in my opinion. What causes the decline for me is pure manipulation by whales and by speculators. They are obviously shorting BTC at this time.
Just observed the price, when we are about to have a breakout to $35k and higher, the price suddenly will go down again for unknown reasons. So some big players from behind are working on their magic. We might say that the bears are in control, but these boys are changing the rules for now. Shorting and making good to decent money and then repeats the process.
China has always been a big contributor to FUDs but there's no long lasting effects that have been felt right now.
China as the largest contributor of FUDs from year to year, the ban on FUD mining has a direct impact on the largest mining community in China. But, will FUD from China in the future no longer have an impact on the market crash because the crypto community is fed up with all that? 
Is it our friend Elon Troll Musk again?
Nope and I don't think that Elon Musk's tweets can have a huge impact again on the market.Its not the same as where he is months ago where a single positive tweet of him can put the market up double digits in one day.
Its China and I think the news about Grayscale is also one of the reason why the market is declining these past few days. Either way, see this as an opportunity to buy if you have spare money to use
. Forget about Elon S*it already. He is done. Nobody or only few will follow him after what he did last months ago.
I don't think that it is Elon Musk causing this decline this time. Because it doesn't seem like he has a really big manipulation power anymore. And it's a really good news for all of the investors. I think the reason is that people have started selling more than buying. And this hinders the prices to go up.
I don’t think it’s Musk again. After Musk’s previous tweets, I think most people don’t trust Musk anymore. For example, I canceled and ignored the related message he sent. Recently, I learned that China has been suppressing Bitcoin, Bitcoin is beyond their control, and China has its own national currency, so China has been launching policies to suppress virtual currencies.
Now that Elon Musk has lost investors confidence, so whatever Elon Musk writes on twitter doesn't have as big an impact as it did before.
So the current market decline is probably not because of Elon Musk, but related to the crypto situation in China. Which is where the Chinese
government banned cryptocurrencies again, because we know that in China there are a lot of mining farms and also many big investors from China.
Moreover, China is focused on making digital Yuan so that the entire population can use it. This has brought the market down quite a bit, but I believe
the crypto market will recover soon, we just need to be patient and wait.
I certainly not looking for a huge decline this year, this is just temporary, recoveries had come next but still, we need to extend our patience.
I don’t think it’s Musk again. After Musk’s previous tweets, I think most people don’t trust Musk anymore. For example, I canceled and ignored the related message he sent. Recently, I learned that China has been suppressing Bitcoin, Bitcoin is beyond their control, and China has its own national currency, so China has been launching policies to suppress virtual currencies.
Now that Elon Musk has lost investors confidence, so whatever Elon Musk writes on twitter doesn't have as big an impact as it did before.
So the current market decline is probably not because of Elon Musk, but related to the crypto situation in China. Which is where the Chinese
government banned cryptocurrencies again, because we know that in China there are a lot of mining farms and also many big investors from China.
Moreover, China is focused on making digital Yuan so that the entire population can use it. This has brought the market down quite a bit, but I believe
the crypto market will recover soon, we just need to be patient and wait.
I don’t think it’s Musk again. After Musk’s previous tweets, I think most people don’t trust Musk anymore. For example, I canceled and ignored the related message he sent. Recently, I learned that China has been suppressing Bitcoin, Bitcoin is beyond their control, and China has its own national currency, so China has been launching policies to suppress virtual currencies.
Jump to: