Yes. still in the same case, that people are getting more and more interested in following everything that man does. like this time Elon Musk started supporting Bitcoin, if I'm not mistaken he started pocketing large amounts of Bitcoin and the hype returned. But if it is related to BTC then I have no doubt. but I'm still confused by his attitude? that he promoted Doge until the price of DOGE went up but on the other hand he himself tweeted for DOGE holders to sell as soon as possible?
Maybe he was just curious when he first saw DOGE so he was able to make tweets related to it, or whatever the reason for his involvement even though he did not know much about this coin. Or maybe when he was just really tripping, we don't know what his real reason was. Then he realized that he should only invest in Bitcoin. 
Topic: Elon musk changed the market circles (Read 861 times)
yes, Elon musk changed the market circles, He can pump any coin he wants up to the percentage he wants he only needs to invest and buy those coins and it will have a sudden price value increase. Look what happened to dogecoin, I believe he doesn't just hype and advertises it, but he also bought a huge amount of dogecoin. He can change how crypto market works in an instant and that is the true power in whales.
Changed temporarily I guess, this was his first time so people got hype on it, but if he keeps doing it, I doubt if people would still follow. That's normal, when a company or person is popular, they can influence the decision of the people, and that's why it causes a pump as what we have witnessed, but, it's not only for pump, there's also a possibility of dump when there are some negative news involving on the person who influence the market to pump.
Yes. still in the same case, that people are getting more and more interested in following everything that man does. like this time Elon Musk started supporting Bitcoin, if I'm not mistaken he started pocketing large amounts of Bitcoin and the hype returned. But if it is related to BTC then I have no doubt. but I'm still confused by his attitude? that he promoted Doge until the price of DOGE went up but on the other hand he himself tweeted for DOGE holders to sell as soon as possible?
The year 2018 when there was a big bear market did not happen again right now, one of the reasons I believe because of Elon Musk who supports
and invests in cryptocurrency. Elon Musk's influence is huge in the crypto world, even Elon Musk through Tesla can make Bitcoin prices continue
to rise this year. I doubt if it weren't for Elon Musk the crypto market could be as bullish as it is now. So I really appreciate what Elon Musk has done up
to now for crypto. The future of crypto is getting brighter with the support of Elon Musk.
and invests in cryptocurrency. Elon Musk's influence is huge in the crypto world, even Elon Musk through Tesla can make Bitcoin prices continue
to rise this year. I doubt if it weren't for Elon Musk the crypto market could be as bullish as it is now. So I really appreciate what Elon Musk has done up
to now for crypto. The future of crypto is getting brighter with the support of Elon Musk.
we know that there is ups and downs in the market. But this time market correction not come yet.
Due to elon mask entering to this market so big bear market not come unlike 2018 jan ?
although the issue of elon musk is always raised to stabilize the market. but believe me the correction will come at any time. this is already a real thing for the crypto market and is bound to happen. so I think prepare yourself for correction Due to elon mask entering to this market so big bear market not come unlike 2018 jan ?
It is speculation managed by famous social media phenomena, we have nothing to do if they continue to pump their bags. The small investors follow the Twitter account of Elon Musk with using the notification function and they start to trade with the altcoin mentioned by him. The Doge has increased a lot after the Elon changing the Twitter biography to Doge, this will affect the market cycles in long run.
Probably the effect is not good because there's no fundamentals on DOGE and yet it's pumping like crazy, Elon hype it but he does not own DOGE, unless he will help for the adoption of DOGE which I don't think he will do that. He made profit on DOGE already, I read some article that he made billions already, so I guess he'll look for other coins to pump.
It is speculation managed by famous social media phenomena, we have nothing to do if they continue to pump their bags. The small investors follow the Twitter account of Elon Musk with using the notification function and they start to trade with the altcoin mentioned by him. The Doge has increased a lot after the Elon changing the Twitter biography to Doge, this will affect the market cycles in long run.
The correction is yet to come, it's inevitable. The Bitcoin market cap is too big at the moment to hold still just because of Tesla's and some other companies' investments. However, this year the bull run wasn't caused as much by market manipulation as it was back in 2018, so I think we might expect some smaller corrections.
Although, if you look at the all-time BTC price chart, the exponential-like growth since Sep 2020 does look concerning and suggests we should be expecting the bear market soon, so it really is hard to tell right now what will follow.
Although, if you look at the all-time BTC price chart, the exponential-like growth since Sep 2020 does look concerning and suggests we should be expecting the bear market soon, so it really is hard to tell right now what will follow.
And to some extent this also depends on the psychological impact the new institutional investors might have on the cryptocurrency space, if the result is negative that would probably be to bring back the bear market, if positive we can expect further investment into the blockchain space and make the cryto asset go higher.
Also, there is a second indicator that has caused me to question the case for a coming bear market in BTC, which is the recent shift in the macro-economic environment.
The correction is yet to come, it's inevitable. The Bitcoin market cap is too big at the moment to hold still just because of Tesla's and some other companies' investments. However, this year the bull run wasn't caused as much by market manipulation as it was back in 2018, so I think we might expect some smaller corrections.
Although, if you look at the all-time BTC price chart, the exponential-like growth since Sep 2020 does look concerning and suggests we should be expecting the bear market soon, so it really is hard to tell right now what will follow.
Although, if you look at the all-time BTC price chart, the exponential-like growth since Sep 2020 does look concerning and suggests we should be expecting the bear market soon, so it really is hard to tell right now what will follow.
we know that there is ups and downs in the market. But this time market correction not come yet.
Due to elon mask entering to this market so big bear market not come unlike 2018 jan ?
Due to elon mask entering to this market so big bear market not come unlike 2018 jan ?
If we talk about the global correction in the crypto market, then I believe that it will begin in 2022. It is in 2022 that a new cycle will begin in the crypto market, and as history shows, a global correction begins. As for the appearance on the crypto market of Elon Musk, this is an indicator that large companies are interested in cryptocurrencies. The whole of 2021 is likely to be the year of crypto growth, as large companies will buy BTC and other crypto assets.
When Elon Musk make tweet about Doge again, last two days his tweet about Doge coin and now still waiting his update will make new tweet about doge coin or not because many people waiting for his tweet and make many trader get back profit, now I wanna get back how doge can reach to higher price again.
Soon it will no longer be effective that whenever he post some tweet the price will rise up so it’s good to really take advantage to take times like this to earn and be able to buy at low price, he’s target is to engaged other businesses to enter the market, luckily we are able to know ahead of time how crypto and tradings work in the market atleast we can just by once there some signal or sign to buy. we know that there is ups and downs in the market. But this time market correction not come yet.
Due to elon mask entering to this market so big bear market not come unlike 2018 jan ?
New investment always boosts the price as Elon musk did 1.5 billion even more investment. Now bullrun market is as a bear market " a little pump after a huge dump in 2018. Elon musk investment is now part of the cryptocurrency circle. This correction isn't as big as before ( Elon musk invested) 42K pump of Bitcoin then dumped to 32K in the last months. Due to elon mask entering to this market so big bear market not come unlike 2018 jan ?
Due to elon mask entering to this market so big bear market not come unlike 2018 jan ?
The trend has changed but it doesn't mean that we shouldn't think that the big bear market won't happen. Elon entering the crypto market is a big thing but we don't have an assurance that the momentum won't be break. Elon is now even one of the reasons that can trigger a bear market if he wants. As to how he created a trend, with just one negative tweet from him, it can start a market breakout.
Don't mind the 2018 bear market. Focus on the current one.
Because the 2018 market was different from what we have now. There are so many players now in the crypto market, and the adoption is bigger than before. A lot of known companies are integrating crypto as part of their payment method, which is a good thing for adoption. Bear market is always to be expected, and maybe right now, we are already experiencing it as btc goes down to about 53k level. But as there are so many stakeholders now, and others that want to get in, I believe it will go up again. I prefer slow increase.
Due to elon mask entering to this market so big bear market not come unlike 2018 jan ?
The trend has changed but it doesn't mean that we shouldn't think that the big bear market won't happen. Elon entering the crypto market is a big thing but we don't have an assurance that the momentum won't be break. Elon is now even one of the reasons that can trigger a bear market if he wants. As to how he created a trend, with just one negative tweet from him, it can start a market breakout.
Don't mind the 2018 bear market. Focus on the current one.
The market is just maturing. I do not think that we should expect a correction in the near future. I hope that in March, many altcoins will show significant growth. Elon Musk certainly played into the hands of the market)
However, some people still expect the correction to occur because there are still many people who have sold tokens but have not been able to buy back at a low price, so they still expect a market correction this month.
and I also had time to read in an article about Tesla. Tesla's recent investment sided with bitcoin and is likely to be a trigger that the market will remain bullish or at least stabilize despite minor corrections. or let's say Bitcoin price chart is stable in the range of $ 55k - $ 56k. I believe that this increase is still continuing
Elon doesn't have the power to stop Bitcoin from going into bear market. He can definitely prolong the bull run and make it stronger, but a correction will inevitably come.
And market cycles not market circles
OP has some spelling problems. Maybe he's just special.
Due to elon mask entering to this market so big bear market not come unlike 2018 jan ?
Elon Musk, not Elon Mask.And market cycles not market circles
OP has some spelling problems. Maybe he's just special.
I just suggest to be more vigilant, if you are a loyal follower of Elon Musk then you should always monitor his activities on his personal Twitter social media. After Doge went crazy, now Elon Musk switched to bitcoin. And the Bitcoin price increase has been influenced by the Elon Musk and currently Bitcoin is still significant at $ 56k. when bitcoin has peaked then this is a Dilema for you.
we know that there is ups and downs in the market. But this time market correction not come yet.
Due to elon mask entering to this market so big bear market not come unlike 2018 jan ?
In my opinion, with Elon Musk who supports Bitcoin and many people who are starting to invest in cryptocurrency for now, then the price of cryptocurrency will be difficult to correction, because I see market conditions continue to increase and of course makes the price of cryptocurrency increase too, therefore now is our opportunity to be able to get a lot of profit from investing in cryptocurrency, so don't let us ignore this opportunity and regret it forever. Due to elon mask entering to this market so big bear market not come unlike 2018 jan ?
What Elon Musk did, is only a factor which possibly contributed to what we are experiencing and seeing right now. And I guess it is not the only reason why the market is bullish at this moment. Companies adopting this technology is also believed to boost this market, and these things made a domino effect in my opinion. No matter how we look at it, the popularity of this technology is continuously growing. More people are now aware of the existence of cryptos which is also getting more attention in the eyes of more people who are probably thinking of also entering this technology and to make use of its advantages. So I guess it is popularity which is the bottomline and the reason for this major trend.
The influence of Elon Musk in the crypto world is indeed very large, just based on a few tweets from Elon Musk alone can make Dogecoin go up very high, but in my opinion this is only temporary, because indeed Elon Musk only looks like kidding with his tweet
Jump to: