By Friday 5/21 we might be thanking Elon!

livingfree

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Quote from: Yaunfitda on May 17, 2021, 06:12:43 PM

Quote from: livingfree on May 17, 2021, 04:46:39 PM

Quote from: Zoe Saldana on May 16, 2021, 05:32:48 PM

And, possibly, put crypto on a slower, steadier, upward path.

This has taken me.

If anyone who don't see the betterment of the market, they're missing the whole growth that we're having right now. It's true that despite the correction, we're going to see the slower pace of the market but it's a better growth and will be having less manipulation.

Even if there's no influence from rich people, the market will continue to grow through its community.

The super fast rally of bitcoin will have to end at certain point, it's not sustainable. We have seen this kind of rally before and it didn't went our way because at the end the market dumps and then it is the start of bear market. At least at this early we see this correction happening, not on the price like $100k which are going to be very bad. And this is another period of accumulation for us, and as I have said previously, look at the bright side of things.

And I think this is the point that it's ending with that fast rally and now, we're getting a more stable run.

For which is sustainable and we don't know if it's going to break the grounds of $40k and will likely to go below of it. I do agree that it's still another time for accumulation.

After this, we're going to see some huge adjustments again positively.

Yaunfitda

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Quote from: livingfree on May 17, 2021, 04:46:39 PM

Quote from: Zoe Saldana on May 16, 2021, 05:32:48 PM

And, possibly, put crypto on a slower, steadier, upward path.

This has taken me.

If anyone who don't see the betterment of the market, they're missing the whole growth that we're having right now. It's true that despite the correction, we're going to see the slower pace of the market but it's a better growth and will be having less manipulation.

Even if there's no influence from rich people, the market will continue to grow through its community.

The super fast rally of bitcoin will have to end at certain point, it's not sustainable. We have seen this kind of rally before and it didn't went our way because at the end the market dumps and then it is the start of bear market. At least at this early we see this correction happening, not on the price like $100k which are going to be very bad. And this is another period of accumulation for us, and as I have said previously, look at the bright side of things.

livingfree

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Quote from: Zoe Saldana on May 16, 2021, 05:32:48 PM

And, possibly, put crypto on a slower, steadier, upward path.

This has taken me.

If anyone who don't see the betterment of the market, they're missing the whole growth that we're having right now. It's true that despite the correction, we're going to see the slower pace of the market but it's a better growth and will be having less manipulation.

Even if there's no influence from rich people, the market will continue to grow through its community.

suzanne5223

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I don't see any reason we have to thank Elon for removing Bitcoin as a payment option for Tesla purchase and planning to use Dogecoin as a payment (though it a rumor I head and haven't confirmed it yet).
Nevertheless, I think the OP have experience or understand how the bullish market work this the reason why he think we will thank Elon for dump in price that happen for your this dump ought to have happen days ago when the mining difficulty reduce.

NeuroticFish

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Quote from: Zoe Saldana on May 16, 2021, 05:32:48 PM

Elon has taken that froth out of the market. And, possibly, put crypto on a slower, steadier, upward path.

Some may say that Elon's influence was not as big (stocks were falling too) and Bitcoin price was bound to have this dip anyhow.
Some may say that Elon's influence on the price was not intended to be this big (in case it was his influence at all).

Quote from: Zoe Saldana on May 16, 2021, 05:32:48 PM

To see if that is true we need to ride out this week.

I wouldn't set so short deadline, although I won't mind if this is met.
Still, the recovery could start only after ~31th of May.

buwaytress

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Might be? I've been thanking FUDders and naysayers for years. In fact, every time I see people getting optimistic, putting out charts painting a Utopia for Bitcoin maximalists, I feel like we're going too strong and too fast and we'll get feverish buys and unsustainable rallies (cue 2017).

I don't know why but I'm happier for every day, week, month, we delay the inevitable Bitcoin supremacy. 2018/19 and early 2020 was so good for me. How else do I accumulate?

btc_angela

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Quote from: Zoe Saldana on May 16, 2021, 06:02:36 PM

Quote from: TangentC on May 16, 2021, 05:55:49 PM

Or we could be on the verge of the next crypto bust cycle that happens after every boom, and Elon had nothing to do with it.

Did the last bust cycle decline as fast as this one or was it more gradual?

If you don't know; tell me the time period and I'll look at it. Thanks

As far as I can remember, the last bust was very quick, and not like this one.

We can survived this attacks on bitcoin, and remember that we still double the last all time high in 2017, so we are still good. And we might have bottom for this year so that is a good thing. As what follows is another bull cycle up to the end of the year. Good times ahead as we can go and continue to stack sats at this price.

Kong Hey Pakboy

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Quote from: bbc.reporter on May 16, 2021, 09:45:39 PM

@LogitechMouse. However, after his rugpull on bitcoin and after showing that he cannot be trusted, how certain is everyone that he really bought Dogecoin? We should very skeptical on anything he tweets.

Wow, someone really did trust Elon Musk a businessman, it should be a common sense not to trust businessmen since they will have a wavering allegiance and wherever the .oney is, that's where they align themselves, at the least people hopefully finally learn that you should not follow someone blindly. I don't know why we would be thanking Elon for but I hope that the prices will bounce back.

STT

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Nobody can be trusted would be the main point, luckily Musk dont matter diddly and any reliance on his words was just a trading high more then anything positive taken away. Seriously every discussion on whales, on the largest entities in BTC can just be written off because that is not how this works. Bitcoin will advance via the masses not the few even if they really rich, even if they can launch rockets which is fab but really its not about that. Either BTC is useful to the common people during the ongoing failure of FIAT or the free market will find something else, thats all that matters really and if a big fund joins BTC or TSLA they are not the cause of any positive but benefitting from a market already established by the millions before them.

Kittygalore

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Quote from: Bitcoin_Arena on May 16, 2021, 06:22:05 PM

Elon this... Elon that.

Why do we have to think everything rotates around Elon Musk. The crypto market does as it pleases. it was here before Elon Musk came into the limelight and it will be there when he's out of the scene. You can't make conclusion based only on Bull run. Let's wait for the bear market to start and see if there won't price dumps of over 20% in 24 hours

Because he has a lot of followers, that's why it looks like he is the center of the world right now which could have been prevented if the people didn't overreacted over his tweet about suspending bitcoin payments for Tesla. This thing don't matter because even if the prices go down, I will still hodl, I have set my bitcoin to be sold by the time it reaches 100k which is not yet happening.

bbc.reporter

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@LogitechMouse. However, after his rugpull on bitcoin and after showing that he cannot be trusted, how certain is everyone that he really bought Dogecoin? We should very skeptical on anything he tweets.

Is that article about working with Dogecoin developers to improve transaction efficiency? Who are the Dogecoin developers?

LogitechMouse

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Quote from: Zoe Saldana on May 16, 2021, 05:32:48 PM

Elon has taken that froth out of the market. And, possibly, put crypto on a slower, steadier, upward path.

To see if that is true we need to ride out this week.

It might be or its the other way around. We might see a start of the bearish market and the catalyst is Elon Musk alongside other bad news.
Overall, I had enough of this Musk discussions already. Its obvious that he is just using his influence and power for him only.

His influence really affected the sentiments of the market. We have seen persons like him in the past. People like Ver, McAfee and even Jamie Dimon did have some negative things in the crypto space but in the end, we survived and we saw the market going upwards.

Anyway, lets just end this Elon thingy forget talking about him because the more we discuss about what he is doing the more things he will do. Just a few minutes ago I saw an article saying that he will make a Dogecoin upgrade to beat Bitcoin. Day after day we saw articles about him.

Hamphser

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Quote from: Bitcoin_Arena on May 16, 2021, 06:22:05 PM

Elon this... Elon that.

Why do we have to think everything rotates around Elon Musk. The crypto market does as it pleases. it was here before Elon Musk came into the limelight and it will be there when he's out of the scene. You can't make conclusion based only on Bull run. Let's wait for the bear market to start and see if there won't price dumps of over 20% in 24 hours

Honestly, im done with these Elon discussions, i know he's quite relevant with this market when it comes to fundamentals but to think that everything doesnt really depend on a single person.

Yes, he can really affect the market but doesnt mean it all circles around him and where people do really rely too much about on all the things he would do and been saying.

For fundamentals then yes you can really take at least some consideration but overall aspect then i wont really be much paying attention to this.

Zoe Saldana

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Quote from: TangentC on May 16, 2021, 06:30:55 PM

Quote from: Zoe Saldana on May 16, 2021, 06:02:36 PM

Quote from: TangentC on May 16, 2021, 05:55:49 PM

Or we could be on the verge of the next crypto bust cycle that happens after every boom, and Elon had nothing to do with it.

Did the last bust cycle decline as fast as this one or was it more gradual?

If you don't know; tell me the time period and I'll look at it. Thanks

https://coinmarketcap.com/currencies/bitcoin/

Just look at the chart, of every previous BTC peak, usually the drop start within 3 months of the peak.

Thanks, I see what you mean - 2017.

There was also that 2019 period where it bounced around before taking off in 2020

I get a nose bleed when I look at the long term chart. But a lot of crypto is like that.

What do you think about this guy and his prediction? He runs the only BTC headge fund that I know about.
https://bitcointalksearch.org/topic/m.57024277

KonstantinosM

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I hope people finally realize who Elon Musk really is. He is barely scientifically literate. A bad programmer. A rich boy who pretends like he is self made. Lie after lie after lie.

Here is a thread I just wrote up: Stop Worshipping Elon Musk https://bitcointalksearch.org/topic/stop-worshipping-elon-musk-5337207

Elon is just another obstacle that will ultimately battle test Bitcoin. We survived Mt. Gox. We survied Roger Ver and we will survive Elon Musk.

Roger maybe hated now but at least his ideology had some merit in it. Musks simply doesn't. He even repeated the already debunked FUD that bitcoin is not friendly for the environment.

The mainstream media loves Musk still, weirdly enough. But eventually I hope that they all turn on him once the truth about who he is comes out. I hope he changes and grows but who knows at this point and at his age I think he is going to be set in his ways. I try to see the merit in people I don't like but I find Musk completely and absolutely without merit.

TangentC

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Quote from: Zoe Saldana on May 16, 2021, 06:02:36 PM

Quote from: TangentC on May 16, 2021, 05:55:49 PM

Or we could be on the verge of the next crypto bust cycle that happens after every boom, and Elon had nothing to do with it.

Did the last bust cycle decline as fast as this one or was it more gradual?

If you don't know; tell me the time period and I'll look at it. Thanks

https://coinmarketcap.com/currencies/bitcoin/

Just look at the chart, of every previous BTC peak, usually the drop start within 3 months of the peak.

Bitcoin_Arena

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Elon this... Elon that.

Why do we have to think everything rotates around Elon Musk. The crypto market does as it pleases. it was here before Elon Musk came into the limelight and it will be there when he's out of the scene. You can't make conclusion based only on Bull run. Let's wait for the bear market to start and see if there won't price dumps of over 20% in 24 hours

Zoe Saldana

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Quote from: TangentC on May 16, 2021, 05:55:49 PM

Or we could be on the verge of the next crypto bust cycle that happens after every boom, and Elon had nothing to do with it.

Did the last bust cycle decline as fast as this one or was it more gradual?

If you don't know; tell me the time period and I'll look at it. Thanks

TangentC

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Or we could be on the verge of the next crypto bust cycle that happens after every boom, and Elon had nothing to do with it.

Zoe Saldana

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We might be thanking Elon by Friday.

Looking across all the cryptos there were many that went up too far too fast e.g. ETH, BCH

Elon has taken that froth out of the market. And, possibly, put crypto on a slower, steadier, upward path.

To see if that is true we need to ride out this week.

Topic: By Friday 5/21 we might be thanking Elon! (Read 161 times)