Bitcoin, Dogecoin Gain After Musk's Tweets, But Will There Be Another Bull Run? - page 4.

Sethrey

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Quote from: shinratensei_ on May 24, 2023, 08:24:08 PM

that's why elon decided to just use that method, such a way of influencing the market most certainly more efficient than investing with huge amount of money while also having bigger impact.

since there are quite literally thousands if not more that get fomo'd and affected by the shill as an after effect, it would certainly have more impact.

but this kind of method could only be done by someone that has reputation, otherwise it wouldn't work at all.

generally some random meme coin would still requires the influence of capital to pump its value by investing and even adding some massive liquidity into the pool, but it's still can be done considering the market capitalization of these coins are usually rather low.

Do you really think that Elon doesn't invest in any coins? Of course he does and earns well as I can't even imagine how much money he has. And manipulating with tweets is just a game. And I'm sure that soon it will stop working, everyone are tired of him already.

s.tanishka

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Quote from: Rupok on May 25, 2023, 01:28:29 AM

As far as I know Elon Musk has interest in cryptocurrencies. So he invested in bitcoin and dogecoin. By investing in dogecoin, investors' confidence in dogecoin has increased.When a big investor invests in a coin, the investment performance of that coin increases 10x. We saw people's investment in dogecoin spike after Elon Mas's tweet. I like dogecoin a lot and I hold some Doggie Coins.The market price will never be the same, we may see a change towards the end of this year. As the cryptocurrency market is always volatile, it can be influenced by many investors.

I wouldn't call Ilon an investor. I think the term manipulator is more appropriate for him. Because no one who seriously calls himself an investor would buy a doge.

Rupok

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As far as I know Elon Musk has interest in cryptocurrencies. So he invested in bitcoin and dogecoin. By investing in dogecoin, investors' confidence in dogecoin has increased.When a big investor invests in a coin, the investment performance of that coin increases 10x. We saw people's investment in dogecoin spike after Elon Mas's tweet. I like dogecoin a lot and I hold some Doggie Coins.The market price will never be the same, we may see a change towards the end of this year. As the cryptocurrency market is always volatile, it can be influenced by many investors.

shinratensei_

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Quote from: Sethrey on May 16, 2023, 04:16:15 AM

I don't think it's small, but anyway. Now there's no need investing much money in order to influence the market or any particular coin. As there are other ways to influence it - such as hype through the social networks or the opinion of any so-called "influencers" and others. We're looking after it for about a year already, if not even more.

that's why elon decided to just use that method, such a way of influencing the market most certainly more efficient than investing with huge amount of money while also having bigger impact.

since there are quite literally thousands if not more that get fomo'd and affected by the shill as an after effect, it would certainly have more impact.

but this kind of method could only be done by someone that has reputation, otherwise it wouldn't work at all.

generally some random meme coin would still requires the influence of capital to pump its value by investing and even adding some massive liquidity into the pool, but it's still can be done considering the market capitalization of these coins are usually rather low.

Sethrey

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Quote from: Abiky on May 18, 2023, 06:10:22 AM

That tells us we're still in the eaely days of crypto. Just wait until the masses get in, and market prices will never be the same. There's only one way Bitcoin and other prominent coins can go. And that's up in market price. With countries now getting into the game, it should only be a matter of time before the market grows bigger than ever. This should stabilize most crypto market prices or at least minimize volatility by a considerable margin.

While increased participation may lead to increased demand, it doesn't guarantee a perpetual upward trajectory for market prices. Cryptocurrencies have historically been known for their volatility, and this characteristic is unlikely to disappear completely. While the market may experience periods of stabilization, it's important to remain cautious and aware of potential risks.

s.tanishka

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Quote from: Abiky on May 18, 2023, 06:10:22 AM

Quote from: s.tanishka on May 13, 2023, 02:17:51 AM

It doesn't seem absurd to anyone. It makes perfect sense. The smaller the market, the less money it takes to influence it. The cryptocurrency market is still very small and therefore can be influenced without spending huge amounts of money or effort.

That tells us we're still in the eaely days of crypto. Just wait until the masses get in, and market prices will never be the same. There's only one way Bitcoin and other prominent coins can go. And that's up in market price. With countries now getting into the game, it should only be a matter of time before the market grows bigger than ever. This should stabilize most crypto market prices or at least minimize volatility by a considerable margin.

If you've got "diamond hands", then just buy, "hodl", and forget about the rest. Otherwise, crypto is not for you. Bitcoin has already been classified as the best-performing asset of 2023, beating stocks and even Gold. Who knows if we're destined to become the next crypto millionaires in the not-so-distant future? Just my thoughts Grin

Yes, you are right that soon the market will change and we won't see any more of these pampers on dozens of X's. So we have to hurry to make the last big money while there is still an opportunity

Abiky

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Quote from: s.tanishka on May 13, 2023, 02:17:51 AM

It doesn't seem absurd to anyone. It makes perfect sense. The smaller the market, the less money it takes to influence it. The cryptocurrency market is still very small and therefore can be influenced without spending huge amounts of money or effort.

That tells us we're still in the eaely days of crypto. Just wait until the masses get in, and market prices will never be the same. There's only one way Bitcoin and other prominent coins can go. And that's up in market price. With countries now getting into the game, it should only be a matter of time before the market grows bigger than ever. This should stabilize most crypto market prices or at least minimize volatility by a considerable margin.

If you've got "diamond hands", then just buy, "hodl", and forget about the rest. Otherwise, crypto is not for you. Bitcoin has already been classified as the best-performing asset of 2023, beating stocks and even Gold. Who knows if we're destined to become the next crypto millionaires in the not-so-distant future? Just my thoughts Grin

Sethrey

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I don't think it's small, but anyway. Now there's no need investing much money in order to influence the market or any particular coin. As there are other ways to influence it - such as hype through the social networks or the opinion of any so-called "influencers" and others. We're looking after it for about a year already, if not even more.

s.tanishka

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It doesn't seem absurd to anyone. It makes perfect sense. The smaller the market, the less money it takes to influence it. The cryptocurrency market is still very small and therefore can be influenced without spending huge amounts of money or effort.

Sethrey

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While it may seem like an absurdity, it's important to keep in mind that the cryptocurrency market is still largely driven by speculation and hype. This means that any news, whether positive or negative, can have a profound effect on market sentiment and ultimately the price of a particular asset.

s.tanishka

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Recently again we have witnessed an absurdity. As soon as Mask tweeted the words Cult/Culture, the price of the Cult token suddenly began to rise

Sethrey

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It's true that Doge Day didn't bring the price growth that many in the community were hoping for, and the subsequent drop in price was disappointing for those who had invested in the cryptocurrency. While it's difficult to pinpoint any one specific event that caused the drop, it's worth noting that the cryptocurrency market is notoriously volatile and can be influenced by a wide range of factors.

Elon Musk's influence on Dogecoin has been well documented, and his announcement of SpaceX's Starship launch on the same day as Doge Day could have contributed to the drop in price. However, it's important to remember that while influential figures like Musk can impact the market, they are not the sole determinants of cryptocurrency prices.

s.tanishka

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We didn't see any growth during DOGE day. What's more, we saw a drop and that hurt all the DOGE fans. The community was sure that on this day there would be a crash. On the same day Musk decided to launch the biggest Starship and failed. Musk's failure also played a role in the DOGE dump.

Sethrey

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While it may be tempting to avoid paying taxes on smaller cryptocurrency earnings, it's important to consider the long-term consequences of doing so. Even small amounts can add up over time, and failing to report them could lead to penalties and legal issues down the line.

On the other hand, if one has significant earnings from cryptocurrency, it may be wise to consider paying taxes in order to ensure the legitimacy of their funds and avoid legal and financial risks. While paying taxes may seem like a burden, it can provide peace of mind and open up new opportunities for investment and financial growth.

s.tanishka

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It all depends on the amount and financial situation. If you earn 1-2k$ from cryptocurrency, then of course you don’t want to pay any taxes. No one will care about you and your money will only go to food and party. But when you earn 10 million$, there will be much more problems. You cannot buy a house in civilized countries with this money. You will be asked for the origin of the money. In this case, it is easier to pay even 10% of the tax on the total amount, but then your money will become legal. You will not worry about the fact that during the purchase your money will be frozen.

Sethrey

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Quote from: Abiky on April 12, 2023, 08:46:29 PM

Flexible tax rules will contribute towards the healthy growth of the crypto/Blockchain industry in the long run. Taxes are needed to help legitimize crypto assets as a whole. I see a bright future for cryptocurrencies with transparent Blockchain ledgers such as Bitcoin, Ethereum, and Dogecoin. These coins go hand-in-hand with centralized exchanges, giving governments the ability to track & trace transactions with malicious intent or to collect taxes from it. I cannot say the same about privacy coins due to the way they are designed.

Given the fact that transparent coins have the "green light" from mainstream governments, there's only one way they can go. And that's up in market price. Maybe popular crypto assets are on their way to reach a new ATH soon? Just my opinion

And I'm fully against the taxed for crypto. And I want this income remain private for me. I already pay taxes for everything in this life and share a part of my salary with govt. Isn't that enough to keep their hands away from all the other things I do?

Abiky

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Quote from: s.tanishka on April 16, 2023, 04:12:54 AM

We need a tax amnesty. I want my money to be legal and I am ready to pay 10% of my money right away to make everything legal. But very few countries provide such an opportunity.

There's nothing wrong with paying crypto taxes. What's unfair or unjust is the high tax rates charged by most governments to crypto transactions, compared to traditional transactions involving Fiat. This is what scares people away from the industry. If taxes were flexible, everything would've been "reds and roses".

It seems that regulations on the crypto industry will get stricter than before, so only time will tell us how would this affect crypto market prices. Major coins like BTC, ETH, and DOGE have nothing to lose, especially when their Blockchain ledgers are transparent by design. The ones that will ultimately get outlawed are privacy-oriented cryptocurrencies. Who knows what the future will bring to this nascent industry? Just my thoughts Grin

s.tanishka

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Quote from: Abiky on April 12, 2023, 08:46:29 PM

Quote from: ?? on ??

While high taxes could discourage some individuals from using crypto or investing in blockchain technology, it's important to note that taxes are a necessary component of any economy. It's also possible that governments will implement a flexible tax model that promotes healthy growth of the crypto industry.

In any case, it's crucial for the crypto community to work with regulators and policymakers to develop clear tax guidelines that are fair and equitable for all parties involved. This will help to foster a more stable and sustainable environment for the nascent industry to thrive and reach its full potential.

Flexible tax rules will contribute towards the healthy growth of the crypto/Blockchain industry in the long run. Taxes are needed to help legitimize crypto assets as a whole. I see a bright future for cryptocurrencies with transparent Blockchain ledgers such as Bitcoin, Ethereum, and Dogecoin. These coins go hand-in-hand with centralized exchanges, giving governments the ability to track & trace transactions with malicious intent or to collect taxes from it. I cannot say the same about privacy coins due to the way they are designed.

Given the fact that transparent coins have the "green light" from mainstream governments, there's only one way they can go. And that's up in market price. Maybe popular crypto assets are on their way to reach a new ATH soon? Just my opinion

We need a tax amnesty. I want my money to be legal and I am ready to pay 10% of my money right away to make everything legal. But very few countries provide such an opportunity.

blockman

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Quote from: Inspiron14 on April 11, 2023, 01:39:01 PM

tweets from elon musk make the price of Bitcoin and Doge go up, it's a natural thing,
because it started since the 2021 bullrun, but we can't expect Elon musk's tweets and make the bull run come,
if it's a bull run then it will happen, so be wise when you follow elon musk.

Honestly, this didn't started with Elon about tweeting and pumping the price of crypto. It all started with John McAfee when he has offered projects to pay him a huge amount of money for them to get tweeted because there's the assurance that it will be pumped.
And then a lot of projects did he tweeted and pumped in less than 24 hours after the tweet but IIRC, it has come to an end because it's no longer ethical and he has stopped that. Well, that's a lot of money for him but then RIP John.

Abiky

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Quote from: ?? on ??

While high taxes could discourage some individuals from using crypto or investing in blockchain technology, it's important to note that taxes are a necessary component of any economy. It's also possible that governments will implement a flexible tax model that promotes healthy growth of the crypto industry.

In any case, it's crucial for the crypto community to work with regulators and policymakers to develop clear tax guidelines that are fair and equitable for all parties involved. This will help to foster a more stable and sustainable environment for the nascent industry to thrive and reach its full potential.

Flexible tax rules will contribute towards the healthy growth of the crypto/Blockchain industry in the long run. Taxes are needed to help legitimize crypto assets as a whole. I see a bright future for cryptocurrencies with transparent Blockchain ledgers such as Bitcoin, Ethereum, and Dogecoin. These coins go hand-in-hand with centralized exchanges, giving governments the ability to track & trace transactions with malicious intent or to collect taxes from it. I cannot say the same about privacy coins due to the way they are designed.

Given the fact that transparent coins have the "green light" from mainstream governments, there's only one way they can go. And that's up in market price. Maybe popular crypto assets are on their way to reach a new ATH soon? Just my opinion

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