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.
Topic: Elon Musk caused BTC crashed today. Buy the dip - page 2. (Read 437 times)
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.
Animal coins are extremely popular lately even many outsiders came to buy it. But most of them crashed.
it seems to me that anything that someone famous does or supports other people starts to take advantage of it and creates something similar for them to make profits. something a little wrong in my opinion. Dogecoin has been around for years and hasn't had a lot of copy/paste of dogecoins in the past. today there are a lot of copy/paste of dogecoin just because elon musk is supporting dogecoin... this means that these other copy/paste projects were created only because the owners want to make money.
In the past we had cases of altcoins with the name of Japanese food, there were several copy / paste. I wonder what we will have in the future? will we have altcoins with plant names?
BTC crashed for nearly 15% today. With this craze, I sense that bull market has come to its last phase. There are still chance to earn money but I would suggest you to be more cautious. Go and seek for long-term solid project and hodl. There are a few solid projects I have followed:
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?
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?
I definitely prefer to have only bitcoin
Animal coins are extremely popular lately even many outsiders came to buy it. But most of them crashed. BTC crashed for nearly 15% today. With this craze, I sense that bull market has come to its last phase. There are still chance to earn money but I would suggest you to be more cautious. Go and seek for long-term solid project and hodl. There are a few solid projects I have followed:
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?
The crash wasn't caused by elon musk though elon musk added to the issues.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?
I think the main problem here was from China, though am not too sure but I heard a news that China dumped bitcoin because a group of some persons made a meme of a well known person or a temple am not sure though but they actually started dumping btc. Got another news that said China totally bans crypto because it's used for scamming... Many news involving China though.
China already banned cryptocurrency and this caused a sharp drop in the market, but then China again began to allow cryptocurrency and the market grew.
I have no idea how China can ban cryptocurrencies if all the main miners are in China. It's like a "grenade launcher shot in your own leg".
Not only Elon Musk but also China caused the market to decline very sharply. Bitcoin price was nearly coming down to a level below $30k. But it looks like it has recovered some. I think this could be a nice opportunity to buy some coins. The prices of altcoins have also decreased too much.
I have read many comments about it and surely Elon Musk is responsible for what happened, many people can be influenced by him and this goes against the idea of bitcoin and its decentralization but I also read this discussion on 4chain, really impressive of how was precise: https://boards.4channel.org/biz/thread/35710754
He's the most dominant influencer as of this moment, many followers keeps supporting him that's why just a simple words that comes up with him impacts is really being felt around.
Tough to know if what's the real score between him, the market has been shake after he announce that his company is no longer accepting
bitcoin.
Then also, the China news which added to this current ongoing dumped, assess and analyze it's very risky now for your investment.
Not only Elon Musk but also China caused the market to decline very sharply. Bitcoin price was nearly coming down to a level below $30k. But it looks like it has recovered some. I think this could be a nice opportunity to buy some coins. The prices of altcoins have also decreased too much.
I have read many comments about it and surely Elon Musk is responsible for what happened, many people can be influenced by him and this goes against the idea of bitcoin and its decentralization but I also read this discussion on 4chain, really impressive of how was precise: https://boards.4channel.org/biz/thread/35710754
Animal coins are extremely popular lately even many outsiders came to buy it. But most of them crashed. BTC crashed for nearly 15% today. With this craze, I sense that bull market has come to its last phase. There are still chance to earn money but I would suggest you to be more cautious. Go and seek for long-term solid project and hodl. There are a few solid projects I have followed:
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?
I also don't like Dogecoin, but from 2014, Dogecoin is still the top altcoins. Name doesn't matter Dogecoin or something else, but projects must have a strong community. https://parami.io this project has a strong partnership, especially gate.io. I won't invest in new projects without having a strong partnership. 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?
Not only Elon Musk but also China caused the market to decline very sharply. Bitcoin price was nearly coming down to a level below $30k. But it looks like it has recovered some. I think this could be a nice opportunity to buy some coins. The prices of altcoins have also decreased too much.
Animal coins are extremely popular lately even many outsiders came to buy it. But most of them crashed. BTC crashed for nearly 15% today. With this craze, I sense that bull market has come to its last phase. There are still chance to earn money but I would suggest you to be more cautious. Go and seek for long-term solid project and hodl. There are a few solid projects I have followed:
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?
The crash wasn't caused by elon musk though elon musk added to the issues.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?
I think the main problem here was from China, though am not too sure but I heard a news that China dumped bitcoin because a group of some persons made a meme of a well known person or a temple am not sure though but they actually started dumping btc. Got another news that said China totally bans crypto because it's used for scamming... Many news involving China though.
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
Well if you are doing crypto trading for a long time and committed, you will not gonna appreciate the dogecoin and I feel the same way too. In my perspective, doge is only for those people who just entered crypto space recently and thinking that crypto is as simple as buying what coin is popular on social media and just by doing that you'll gonna earn profits. Many of them think that it can apply with other coins too that is why most of them lose their money because of that kind of mindset. 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
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. Elon tweet is just used by whale for the crash reason. This is just my Opinion, CMIIW
Elon Musk has just declared war on Bitcoin and other major cryptocurrencies in favour of shit coin in the name of DOGE and it is fallen on him as people have crashed his own stock too leading to him losing $20B in just 24 hours and even his fall from 2nd richest person in the world.
And as you mentioned long term projects, there are series of them with great potentials. Matic is there, SFUND, SFP, Juld, REFI and many great ones are all their to hold on to.
And as you mentioned long term projects, there are series of them with great potentials. Matic is there, SFUND, SFP, Juld, REFI and many great ones are all their to hold on to.
Animal coins are extremely popular lately even many outsiders came to buy it. But most of them crashed. BTC crashed for nearly 15% today. With this craze, I sense that bull market has come to its last phase.
Your assumption is too early, I don't think it's the end of the bull run we are still in the middle of it, it will continue until the end of the year, don't spread FUDS, I hate Elon for causing a stir in the community and the market, his announcement came at the wrong time just as the price is moving up, this is another of his tweet to defend why he is supporting Doge Coin, the price will bounce back, we should stop believing on what Musk is posting some of them are FUDS.
Its hard to convince anyone to buy the dip today. I'm not buying anything but just holding. It's risky since Elon musk could just be starting to make more tweets.
He could be losing the Mars exploration because of the Chinese starting to go there already who had successfully landed there a few days ago. If he loses the battle to colonize Mars, he'd be focusing more on cryptocurrency and will just keep tweeting as his tool.
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Don't buy the dips yet because the Elon-ic drama is not over till now, he claimed that Tesla didn't sell btc which is more destructive as when btc could rally down so quickly even without Tesla selling it, imagine where will btc go when he will sell? Wait for more action and let btc retest and touch important support points. All altcoins will start dumping when anything unusual happens in the markets, then you will cry considering that why did you buy?
Agree, though many institutional investors have been hoarding btc during the dips but it's still not really safe and indeed the fact that elon himself disclose of tesla still not selling btc is such a huge red flag but some people based on their TA said that the price point around $42K-$41k gonna determine whether the bearish market gonna come and btc gonna get dumped hard again or instead it comes back to bullish market again.I personally still try to hoard btc as well regardless of all the possibilities and I guess many people do the same since many also sold their alts to move into btc.
The ones who sold are probably the current year FOMO’s its an ordinary day for veteran holders that knows Bitcoin’s fundamentals, the coin is not hype or pump and dump like Dogecoin. BTC has real intrinsic value and no matter how this Billionaire throw bad words against it, it won’t matter.
Drama is still going on, tweets from elon musk affected the market price, I think this is only temporary and the bullish phase is not over yet. btw is the coin you mentioned a new project?
Animal coins are extremely popular lately even many outsiders came to buy it. But most of them crashed. BTC crashed for nearly 15% today. With this craze, I sense that bull market has come to its last phase. There are still chance to earn money but I would suggest you to be more cautious. Go and seek for long-term solid project and hodl. There are a few solid projects I have followed:
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?
"Parami protocol" has some solid partnerships. I'm interested in following these projects. But you are thinking something is wrong with Elon Musk. I don't believe "Elon must pump the whole Bitcoin price". I want to predict something about Elon music. Finally, we will all know the bad view of Elon Musk in cryptocurrency. 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?
Don't buy the dips yet because the Elon-ic drama is not over till now, he claimed that Tesla didn't sell btc which is more destructive as when btc could rally down so quickly even without Tesla selling it, imagine where will btc go when he will sell? Wait for more action and let btc retest and touch important support points. All altcoins will start dumping when anything unusual happens in the markets, then you will cry considering that why did you buy?
I already seen this will happen. Elon Musk can really control btc despite of its huge investors and whales holders. With Elon's power and influence, he can manipulate some part of crypto market and the way it is working.
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