Topic: Elon Musk caused BTC crashed today. Buy the dip (Read 462 times)
Now he needs to lower the price, I'm waiting for the news at the right time, when he writes that he again believes in the potential of the coin, and his company has already bought a lot, after that it will sell them again. The market listens to him, he makes money.
In fact, I would rather say, he has made it to happen sooner than expected. With the bull market we have seen in last few months, such a dip is inevitable, at least in the means of a correction. But even under the negative market conditions, most of the currencies have performed better than what we have seen 3 years ago.
Remember that he helped pump Bitcoin from 40 to 62k++ so we should be fine he brought it back down,,, in other words we have just returned to the value of Bitcoin that was before he came along. So no losses, just losing all the hype (unless you bought DOGE then you are still in profit I guess).
I would not also say better than 2017 yet, we could still crash further:)
In fact, I would rather say, he has made it to happen sooner than expected. With the bull market we have seen in last few months, such a dip is inevitable, at least in the means of a correction. But even under the negative market conditions, most of the currencies have performed better than what we have seen 3 years ago.
You should watch the chart again. It's needed a few hours after the dump caused by the tweet created by elon. The market was putting their trust into any news that being released to the market.
The whale could be an additional reason why the market turns into a panic sell-off.
I should remind you that if just an hour after the announcement from china to ban crypto and the market gets dumped even worst.
That was the initial drop, there was also another one as well. So when it crashed from above 50k to under 50k that was Elon and I agree with that, or maybe Chinese ban, or maybe something else I do not know, there are so many different bad news that people do not care during bull run that when we are in bear run people think all of them are so important suddenly, so many bad stuff happened in the past 1 year while we were going up and somehow they were "not important".The whale could be an additional reason why the market turns into a panic sell-off.
I should remind you that if just an hour after the announcement from china to ban crypto and the market gets dumped even worst.
What I am trying to say that even if the first fall was Elon and only Elon and nobody else, dude just said they won't accept bitcoin anymore and that dropped it, the second one that dropped us under 40k wasn't really Elon, it never was Elon if you ask me but at least that one was definitely not elon, he didn't do anything during that period and that is why I think it was some other reason.
You should watch the chart again. It's needed a few hours after the dump caused by the tweet created by elon. The market was putting their trust into any news that being released to the market.
The whale could be an additional reason why the market turns into a panic sell-off.
I should remind you that if just an hour after the announcement from china to ban crypto and the market gets dumped even worst.
That was the initial drop, there was also another one as well. So when it crashed from above 50k to under 50k that was Elon and I agree with that, or maybe Chinese ban, or maybe something else I do not know, there are so many different bad news that people do not care during bull run that when we are in bear run people think all of them are so important suddenly, so many bad stuff happened in the past 1 year while we were going up and somehow they were "not important".The whale could be an additional reason why the market turns into a panic sell-off.
I should remind you that if just an hour after the announcement from china to ban crypto and the market gets dumped even worst.
What I am trying to say that even if the first fall was Elon and only Elon and nobody else, dude just said they won't accept bitcoin anymore and that dropped it, the second one that dropped us under 40k wasn't really Elon, it never was Elon if you ask me but at least that one was definitely not elon, he didn't do anything during that period and that is why I think it was some other reason.
Elon Musk? it is true that he must be responsible for the current market conditions, but the biggest responsibility should be China.
China banned a number of trading and mining activities in China
Indeed, it's true that China's new ban news has great impact for current correction and Elon Musk is responsible because his tweets indirectly helped a lot for institutional investors to manipulate the market. But it's great to see that china will ban only those mining farm which are currently running through electricity plants where electricity is manufactured by coal. Like i said earlier, market is just manipulated by institutional investors so that they could dump and accumulate more for next bullish rally. Still positive for next really as this type of things already happened back in 2017-18's bull run. China banned a number of trading and mining activities in China
I dont think that only Elon Musk causes the dump of btc in the market but also there are plenty of banning FUDs such as china banning cryptos, as well as india will make a much stricter regulation for bitcoin which tend to many people to do panic selling.
Maybe there is truth in that, those institutions are taking this as an opportunity to buy more bitcoin. But for those who panicked and sold theirs, we can't blame them. For them, that is the right decision to take, after all, that's their money to begin with. So for them even at a loss, they sold it. But in my opinion, do we really need to blame Elon or China on what is happening in this market? I don't think it is right to single out them. They are just one of the many reasons why we are having correction.
Not all. We saw also quite a number of socalled institutions sold their coins,,, which is quite weird as we all thought they were going to be hodlers and not be affected by a random elon musk tweet. I guess this proves that even some professional funds and socalled pro traders for longterm investment are no different to retails!
I missed this bloodbath in the crypto totally, i spent those hours running on the street without phone. When i got home and turned on my phone, i was totally freaked out, what a disaster day，May 19,2021.
Why on that day was a disaster for you? Is it because the market has gone downhill that it will be a disaster for you? if so, then you don't need to be angry and sad because other people also experience the same thing if they haven't had time to sell their assets on that day.For first-time investors in crypto, its actually frustrating to see how a market can drain the price down in a single day. ITs not new to the old investors in the market, we have seen it over and over.
Bloomberg reports said that institutions are still up to accumulate coins so they much have a lot of BTC for they consider this bloodbath a discounted investment. Unfortunately for the ones who panic if this will quickly go up.
Maybe there is truth in that, those institutions are taking this as an opportunity to buy more bitcoin. But for those who panicked and sold theirs, we can't blame them. For them, that is the right decision to take, after all, that's their money to begin with. So for them even at a loss, they sold it. But in my opinion, do we really need to blame Elon or China on what is happening in this market? I don't think it is right to single out them. They are just one of the many reasons why we are having correction.
legendary
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Elon Musk? it is true that he must be responsible for the current market conditions, but the biggest responsibility should be China.
China banned a number of trading and mining activities in China according to the news I got from here
https://www.reuters.com/technology/china-says-it-will-crack-down-bitcoin-mining-trading-activities-2021-05-21/
So, this is actually a periodic cycle that will occur after the Bitcoin halving and to be precise after the Bitcoin price has skyrocketed to reach a new ATH.
China banned a number of trading and mining activities in China according to the news I got from here
https://www.reuters.com/technology/china-says-it-will-crack-down-bitcoin-mining-trading-activities-2021-05-21/
So, this is actually a periodic cycle that will occur after the Bitcoin halving and to be precise after the Bitcoin price has skyrocketed to reach a new ATH.
I missed this bloodbath in the crypto totally, i spent those hours running on the street without phone. When i got home and turned on my phone, i was totally freaked out, what a disaster day，May 19,2021.
Why on that day was a disaster for you? Is it because the market has gone downhill that it will be a disaster for you? if so, then you don't need to be angry and sad because other people also experience the same thing if they haven't had time to sell their assets on that day.For first-time investors in crypto, its actually frustrating to see how a market can drain the price down in a single day. ITs not new to the old investors in the market, we have seen it over and over.
Bloomberg reports said that institutions are still up to accumulate coins so they much have a lot of BTC for they consider this bloodbath a discounted investment. Unfortunately for the ones who panic if this will quickly go up.
hero member
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Leading Crypto Sports Betting & Casino Platform
Buy the dip? Sounds easy huh?
We can buy at every lower price of bitcoin, but we can not predict if that price is the dip or the bottom. I will stick with bitcoin and trying to make more bitcoin from the altcoin because the altcoin is the way to make more bitcoin. I do not care about what Elon says because he will say many things about bitcoin, including accepting bitcoin in the future, not accepting bitcoin, etc. We can not deny that Elon can move the market to jump high or low, but he can not do that forever. The crypto market will be back, no need to worry.
We can buy at every lower price of bitcoin, but we can not predict if that price is the dip or the bottom. I will stick with bitcoin and trying to make more bitcoin from the altcoin because the altcoin is the way to make more bitcoin. I do not care about what Elon says because he will say many things about bitcoin, including accepting bitcoin in the future, not accepting bitcoin, etc. We can not deny that Elon can move the market to jump high or low, but he can not do that forever. The crypto market will be back, no need to worry.
All the fud created is for business purposes of buying more coins. Bitcoin remains the top coin and every crypto enthusiast choice and that is yet to go away. Musk tweet has a shake to price pulling it down to $40,000 but that those not stop more whale to emerge and price will start building up again. He is a big factor in cryptocurrency to the extent to influence it but price will bounce back again.
Elon has nothing to do with this crash, the crash happen because we already up more then 10x year on year and now is the time for market to consolidate and searching the real value of bitcoin.
I don't think so dude. You should watch the chart again. It's needed a few hours after the dump caused by the tweet created by elon. The market was putting their trust into any news that being released to the market. The whale could be an additional reason why the market turns into a panic sell-off.
I should remind you that if just an hour after the announcement from china to ban crypto and the market gets dumped even worst.
Buy the dip? Sounds easy huh?
We can buy at every lower price of bitcoin, but we can not predict if that price is the dip or the bottom. I will stick with bitcoin and trying to make more bitcoin from the altcoin because the altcoin is the way to make more bitcoin. I do not care about what Elon says because he will say many things about bitcoin, including accepting bitcoin in the future, not accepting bitcoin, etc. We can not deny that Elon can move the market to jump high or low, but he can not do that forever. The crypto market will be back, no need to worry.
We can buy at every lower price of bitcoin, but we can not predict if that price is the dip or the bottom. I will stick with bitcoin and trying to make more bitcoin from the altcoin because the altcoin is the way to make more bitcoin. I do not care about what Elon says because he will say many things about bitcoin, including accepting bitcoin in the future, not accepting bitcoin, etc. We can not deny that Elon can move the market to jump high or low, but he can not do that forever. The crypto market will be back, no need to worry.
All the fud created is for business purposes of buying more coins. Bitcoin remains the top coin and every crypto enthusiast choice and that is yet to go away. Musk tweet has a shake to price pulling it down to $40,000 but that those not stop more whale to emerge and price will start building up again. He is a big factor in cryptocurrency to the extent to influence it but price will bounce back again.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
Buy the dip? Sounds easy huh?
We can buy at every lower price of bitcoin, but we can not predict if that price is the dip or the bottom. I will stick with bitcoin and trying to make more bitcoin from the altcoin because the altcoin is the way to make more bitcoin. I do not care about what Elon says because he will say many things about bitcoin, including accepting bitcoin in the future, not accepting bitcoin, etc. We can not deny that Elon can move the market to jump high or low, but he can not do that forever. The crypto market will be back, no need to worry.
We can buy at every lower price of bitcoin, but we can not predict if that price is the dip or the bottom. I will stick with bitcoin and trying to make more bitcoin from the altcoin because the altcoin is the way to make more bitcoin. I do not care about what Elon says because he will say many things about bitcoin, including accepting bitcoin in the future, not accepting bitcoin, etc. We can not deny that Elon can move the market to jump high or low, but he can not do that forever. The crypto market will be back, no need to worry.
Congrats for those who took profits on the recent btc dump. I am watching every move of btc that time and when btc down to $30k and rsi became less than 10, I said that it is the good to buy signal and buy the dips. Then after few minutes, btc pumped and inceased up to $40k again. Many people bought that dip that is why it pumped.
I missed this bloodbath in the crypto totally, i spent those hours running on the street without phone. When i got home and turned on my phone, i was totally freaked out, what a disaster day，May 19,2021. 1. Shield Protocol：http://shieldex.io/#/home (The First Decentralized Risk-free Perpetual Contract) Excellent idea (risk-free) and solid technology
2. Parami Protocol: https://parami.io/ (AD3.0 for Web3.0!) Famous founder and good team background
I assume these two projects will start IDO soon. Do you think they are solid enough to hodl?
Im not familiar with these projects but I still prefer to only invest in popular coins since they're already proven to be worthy to hold even the market is in bearish. I dont believe in the word "risk-free" because everything has risk no matter how solid the project is.2. Parami Protocol: https://parami.io/ (AD3.0 for Web3.0!) Famous founder and good team background
I assume these two projects will start IDO soon. Do you think they are solid enough to hodl?
I think it is easy and convenient to blame the BTC price dump on Elon musk but i see no reason why anyone should be investing their hard earned money into these animal meme coins that are flooding the markets. They offer no utility and are created solely for the purpose of becoming the next dogecoin.
I will rather invest in BTC that wouldn't give me huge gains than a meme coin that can dump tomorrow and loose all the profits it has gained
Indeed, there's no reason to invest in these meme coins but those investors who are willing to risk their money are greedy to earn instantly. It has no utility but if the price pump because of shillings then they can earn huge and thats their goal, to earn in a short period of time. It is really risky to invest in coins without use case but its their decision and we cant coerce them to stop investing, well its their money anyway. Maybe these investors need to experience to lose before realizing their mistakes. I will rather invest in BTC that wouldn't give me huge gains than a meme coin that can dump tomorrow and loose all the profits it has gained
It's funny to read that. The largest financial funds bought a huge amount of bitcoin, significantly more than the average population has, and in the end they decided to sell their bitcoins just because Elon Macк tweeted something?
This is funny. It's obvious to me that the correction has nothing to do with this.
I'm honest with you, Elon was utilized to pump then dump BTC market recently. The bigger whales knew of he's tweeting habits, and he has huge multitude of supporters so the whales took this manipulate the market. The whales took the advantages, just circulate the illusion of a mass sell off. This is the reason we should avoid the whales game and keep positive with our holding. This is funny. It's obvious to me that the correction has nothing to do with this.
It's funny to read that. The largest financial funds bought a huge amount of bitcoin, significantly more than the average population has, and in the end they decided to sell their bitcoins just because Elon Macк tweeted something?
This is funny. It's obvious to me that the correction has nothing to do with this.
maybe all have different views on what is said by @elomusk, but with a large following and he is a real businessman, it is clear at least what is said can affect, although some may say the current correction has nothing to do once again the influence of social media at least can make the movement of bitoin will be disrupted no matter how big, no one can prove it with scientific data.This is funny. It's obvious to me that the correction has nothing to do with this.
but the reality now is that bitcoin is undergoing a very deep correction, beyond the usual so far. although I firmly believe that the increase in bitcoin has not ended and is still at the end of this year with a pretty fantastic value. so actually this correction is a blessing to buy and hold until it increases again.
It's funny to read that. The largest financial funds bought a huge amount of bitcoin, significantly more than the average population has, and in the end they decided to sell their bitcoins just because Elon Macк tweeted something?
This is funny. It's obvious to me that the correction has nothing to do with this.
This is funny. It's obvious to me that the correction has nothing to do with this.
I am 100% agree with your statement, i dont think bitcoin had a correction caused by Elon Musk. There are so many reasons why bitcoin price is crashing now, and I think the correction is quite normal in crypto. Up and down in price will always be happening.
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