Bitcoin, Dogecoin Gain After Musk's Tweets, But Will There Be Another Bull Run? - page 24.

Dread Pirate Roberts

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Quote from: Sethrey on June 15, 2021, 06:42:41 AM

Dogecoin, which started as a meme currency but received a lot of support from the billionaire tycoon in the past few months also gained in value. But this positive trend in the cryptocurrency market is no guarantee that it will see the bull run, which started at the beginning of this year, again so soon. At most, the value addition to the price of Bitcoin and other digital currencies over the past two days most likely seems temporary.

What are your thoughts about these 2 coins' future and is it possible that Musk will decide to the hype on something else also? Green coins are getting more popular. Why doesn't he mention any of them? Which one do you think needs such a kick?

I'm quite fan of doge coin way before elon musk . the thing that i loved its fee only 1 doge and transaction its incredibly fast. thats true many people are taking profit from doge coin pump and dump scheme few week ago but there is still many people buying at 0.50- 0.70 i dont think they happy with their asset now.

Teraboy

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Quote from: irsada on June 16, 2021, 11:58:54 PM

I believe a rise in a short time can become a bubble that can burst and disappear at any time, if we continue to follow what Elon Musk says and believe it could be a trap which is an early sign that a bear market will occur.

The bubble already burst and crypto must try to create another bubble again and this needs a very long time process. It's not even a trap but people are very fanatic with him. The only problem is people were taking what he was saying too much. What elon says = reaction to the market as this guy has more than 50 million followers.
Imagine how big the impact that created by him. Elon was also helping crypto to reach another ATH as well.

jrrsparkles

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Quote from: Sethrey on June 15, 2021, 06:42:41 AM

Dogecoin, which started as a meme currency but received a lot of support from the billionaire tycoon in the past few months also gained in value. But this positive trend in the cryptocurrency market is no guarantee that it will see the bull run, which started at the beginning of this year, again so soon. At most, the value addition to the price of Bitcoin and other digital currencies over the past two days most likely seems temporary.

What are your thoughts about these 2 coins' future and is it possible that Musk will decide to the hype on something else also? Green coins are getting more popular. Why doesn't he mention any of them? Which one do you think needs such a kick?

Cryptocurrency market is being bullish since April 2020, so you are wrong with the statement that it becomes bullish since the beginning of this year, all those rich people saw the potential and hyped it more then reaped their profits with Bitcoin. Now they are targeting the altcoins like Doge, so don't be a stupid again and again.

ethereumhunter

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Quote from: irsada on June 16, 2021, 11:58:54 PM

I believe a rise in a short time can become a bubble that can burst and disappear at any time, if we continue to follow what Elon Musk says and believe it could be a trap which is an early sign that a bear market will occur.

At least, we can use that moment to make a profit again. If we can not use that, maybe we do not need to do anything except watch it. We do not know what Elon does later after his tweets, and maybe he will make another noise and make people panic again because he will not say anything. But somehow, the bull run will continue and will come to the market and that will be only a matter of time to happen.

hd49728

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Quote from: perfect999 on June 17, 2021, 04:58:02 AM

I guess all the POS algorithm based coins can be classified as green coins, right? This way, I guess there are tons of coins will be available to adopt, right? Then what would be the point of mentioning any few of them?

It is a very old trend in crypto. Recent months you witness many shit meme tokens are created every day. It is exactly what happened with PoS coins years ago. They are dead assets in crypto market and the bull run from 2020 to 2021 can not help them to recover.
Check them with https://masternodes.online/. Sort the price and you will see the dead list.

Quote

I mean this crypto world needs something unique and mostly the first ones are getting attention which must be the reason, we are seeing bitcoin is continuously getting value appreciations and dogecoin is one of the first meme coin which is the reason, it attracted lots of investors including Elon Musk.

I don't think Elon Musk will switch over to some other crypto in any near future unless otherwise something big happens with bitcoin or dogecoins. So, he may keep shilling and these two coins may keep continuing growing up.

The best is cryptocurrency with a hybrid network between Proof of Work and Proof of Stake as well as with Masternodes/ Supernodes. I think a hybrid coin like that is green enough.

Eloncoin - Mars, here we come!! 🚀 - POS Energy Efficient.. Maybe the PoS meme coin is green.

perfect999

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Quote from: Sethrey on June 15, 2021, 06:42:41 AM

What are your thoughts about these 2 coins' future and is it possible that Musk will decide to the hype on something else also? Green coins are getting more popular. Why doesn't he mention any of them? Which one do you think needs such a kick?

I guess all the POS algorithm based coins can be classified as green coins, right? This way, I guess there are tons of coins will be available to adopt, right? Then what would be the point of mentioning any few of them? I mean this crypto world needs something unique and mostly the first ones are getting attention which must be the reason, we are seeing bitcoin is continuously getting value appreciations and dogecoin is one of the first meme coin which is the reason, it attracted lots of investors including Elon Musk.

I don't think Elon Musk will switch over to some other crypto in any near future unless otherwise something big happens with bitcoin or dogecoins. So, he may keep shilling and these two coins may keep continuing growing up.

cryptoaddictchie

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Im sure that Bull run will continue this year as many institutions shows their support on bitcoin. One example of this is Michael Saylor which even publicly announced that their sacrificing some of their own stock to buy bitcoin shares. This move will trigger some of the other known institutions and banks to activate their financial greed lock. Also dogecoin the project Elon Musk supported will definitely get some more support from the Billionaire.

yhiaali3

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I think Elon Musk is the one who needs to be kicked if he thinks he can stand in the way of Bitcoin, he can manipulate prices because of the billions he owns and thanks to some idiots who still follow his tweets but he is definitely unable to stand in the way of the future of Bitcoin.
In any case, Elon Musk is a businessman in the first degree, and I do not think that he cares about Bitcoin or Dogecoin or other cryptocurrencies except to get more profits, so he does not care about the name of the coin, but rather how much money he will put in his pocket by manipulating the coin.

TastyChillySauce00

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His tweet just temporarily lift the market up but still a contributing factor to add more powerful resistance above $30000 in my opinion.
But, if the market is still rather bearish or the fear index still rather high, it's just hard to keep the market above $40000, as you know many new bitcoin investor are rather panicky and have a weak hand meanwhile the trading who did scalping also contributes to a harder of breakthrough beyond $40000, maybe we gonna see bullrun at the end of the year though all these just my opinion.

so98nn

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The guy is either confused all by himself or may be he is just pretending to be one. The thing is, his tweets are not powerful these days and this observation is based on the recent tweets regarding bitcoin acceptance. With couple of thousand rise in bitcoin price means nothing to the market.
Elon's tweet should have made the market go up by as much as 30-40% market value.

But, now a days; it's just dust and nothing else. See it to yourself and then you will realise people dont follow him much. He broke the trust already.

irsada

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I believe a rise in a short time can become a bubble that can burst and disappear at any time, if we continue to follow what Elon Musk says and believe it could be a trap which is an early sign that a bear market will occur.

Dexion

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Looks like there will be no more tweets from Elon that will discuss crypto, he must learn from what he got when he started to lead an opinion on a coin up to the moment binj, we can also observe the current situation, Elon has received a lot of criticism about his tweets, and that would only weaken the trust he had. You should focus on what you are researching, not from someone's tweet, even Elon though.

manggis97

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Elon Musk and his company of Tesla will accept Bitcoin again if half of Bitcoin mining used green and renewable energy. This last tweet from Elon Musk about crypto will trigger the market back to bullish. I think the trend of Memecoin is down and others project like smart contract platform, DEFI and NFT will bull run again for once times before the market changing to bearish trend. Because these kind of project has more use case than Memecoin.

speedy963

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Regardless of the presence of Elon Musk's tweets, the BullRun is bound to happen since there are a lot of great news related to bitcoin nowadays. And we all know how bitcoin tends to influence the price of all the altcoins in this industry whenever it goes up or down so I think even a shitcoin such as doge can pump a bit(although I am not really a fan of dogecoin). If you haven't realized it yet, Elon Musk's tweets carries less weight every time he trolls with this industry and it certainly won't be long till people ignore him and his tweets entirely. The only thing that makes people watch him right now is because of tesla's involvement on bitcoin, any other reasons why, aren't even worth the time to notice.

Hobo66

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Yes we will have a bull Run, No Need Of Elon Musk, He is just Market Villen , Elon is not going good for Crypto Market, But Soon Bull Run Is Coming, This time its a discount time so fill your bags and prepare for Bull Big Run again

AwoCorporation

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Quote from: aprilnot on June 15, 2021, 06:49:58 AM

Quote from: Sethrey on June 15, 2021, 06:42:41 AM

What are your thoughts about these 2 coins' future and is it possible that Musk will decide to the hype on something else also? Green coins are getting more popular. Why doesn't he mention any of them? Which one do you think needs such a kick?

I doubt that he will be tweeting about crypto again anytime soon after the many criticisms that have been directed at him. but even so, I still believe there will be another bull. like now bitcoin is starting to try to return to the price of 40k, after a few days yesterday it fell below 33k. if bitcoin can stay at the current price, maybe there will be further bulls that will occur.

Yes, It will be very dangerous if he tweets in the near future, it will only increase people's anger towards him, but it is possible that many tweeting about the bad effect of BTC on the environment or other shortcomings that BTC actually has just to lower the value of BTC. in order to be able to buy it at a low price, thus creating greater profit opportunities for those who invest in it.

MusaMohamed

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Quote from: Sendi blackspade team on June 15, 2021, 08:38:25 AM

I just didn't expect people like Elon to be in the crypto market.
Some people think Elon managed to create huge hype for the two coins. but it makes the overall crypto market conditions boisterous. the situation becomes very predictable when they create hype it will be crushed immediately.
because what Elon does can attract big investors, and it can also create more and more people who are trapped and feel disadvantaged by the hype that is happening in the market.

Me too. Because I thought Elon Musk is very busy with his companies, Mars Mission and his SpaceX dream. I read many newspapers in which he was described as a super busy man, and look for perfection with technical works.

I never thought he has time to research about cryptocurrency and will never join this market.

In fact, he joined and became a most noisy and annoying billionaires in cryptocurrency market. I completely shocked.
It marks a big change in the market. Billionaires, institutes, tech companies, and governments will participate in the game.

Fesatmas

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this can backfire and will be temporary, remembering and learning from the past. he is easy to play with the price so we don't get stuck continuously. As much as possible take advantage of conditions that are ideal enough for you to determine the price when Bitcoin increases this time as an increase that will determine the highest price.
This is actually if you look back on last year, it should have entered the bear market zone by now, so be careful. while there is a chance, selling it is the best option.

crwth

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Quote from: Sethrey on June 15, 2021, 06:42:41 AM

Dogecoin, which started as a meme currency but received a lot of support from the billionaire tycoon in the past few months also gained in value. But this positive trend in the cryptocurrency market is no guarantee that it will see the bull run, which started at the beginning of this year, again so soon.

I think you need to change how you see it. It's still best to see it as it's an uptrend from the 2020 price. It experienced a great bull run and still way above the price from last year.

Quote from: Sethrey on June 15, 2021, 06:42:41 AM

At most, the value addition to the price of Bitcoin and other digital currencies over the past two days most likely seems temporary.

I don't think it's temporary because BTC has been developed with upgrades soon right?

Quote from: Sethrey on June 15, 2021, 06:42:41 AM

What are your thoughts about these 2 coins' future and is it possible that Musk will decide to the hype on something else also? Green coins are getting more popular. Why doesn't he mention any of them? Which one do you think needs such a kick?

He probably won't tweet about it because he has already tweeted a lot of support towards BTC and DOGE. He got a lot of things in his plate for sure.

husdemba

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The current action of the cryptocurrency markets is very manipulative. Elon Musk has once again influenced the market, and thanks to this, he will again make big profits. Now we have to stop this, but there are too many unconscious investors. It's too early for a new bull run Undecided

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