Slap yourself if you didn't buy during crash, and slap harder if you...

Scripture

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Quote from: Smitty Werben Man Jensen on June 03, 2021, 04:33:34 PM

What else can we do? it's no luck to have a lot of profit from Doge,
I'm sure many don't realize that Doge can reach $ 1, yes that's magic in the world of crypto currency,
of course you can slap yourself, but don't be too rude haha, better move on and focus on other coins

If you miss the opportunity look for other options, there’s no need to be rude on yourself because it can just add to your frustrations. If you really believe DOGE will hit $1, then you still have time to buy. Don’t rush in the market always look for a perfect timing to buy and sell, its worth it if you spot the big opportunity.

Smitty Werben Man Jensen

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What else can we do? it's no luck to have a lot of profit from Doge,
I'm sure many don't realize that Doge can reach $ 1, yes that's magic in the world of crypto currency,
of course you can slap yourself, but don't be too rude haha, better move on and focus on other coins

Kittygalore

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Quote from: Dr.Osh on May 31, 2021, 12:42:10 PM

So far, I'm still holding on to my crypto assets because I believe the bitcoin price will hit $100k this year. however, I think that many people only buy when the price is going up to follow the trend, and sell when it's down because of panic. however, I still believe bitcoin prices will be high with or without Elon Musk.

Good for you that you are still hodling bitcoin and I hope that your belief that the price will reach 100k this year is going to be true because I really want to see some big profits this year as I am hodling bitcoin too.

Slow death

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Quote from: numanoid on June 03, 2021, 07:53:55 AM

Quote from: ?? on ??

Op, Elon has no power what so ever to hold Bitcoin from not going down below his entry point of $33k since the trend is mostly determine by the fources of demand and supply if you really know how this market works.

He has no power? Then go to your time leap and back to Jan 2021 and see how much bitcoin was worth, then you go to Feb 2021 and see what was bitcoin price when TESLA announced they have invested $1.5billion on bitcoin. Bitcoin jumped to $50,000 because of that, how does it mean he has no power?

some people still don't understand that elon musk has a lot of power, and the power he has can be decisive in deciding the direction the bitcoin price takes and this is something dangerous because he can make a lot of money manipulating the market

Quote from: numanoid on May 24, 2021, 08:04:49 PM

Who have bought any coin during crash?

I took advantage and sold some things to buy more bitcoin and litecoin

Quote from: numanoid on May 24, 2021, 08:04:49 PM

Who also HODL during market crash?

I'm still trading, but I must say that was very difficult to buy at $30,000 because binance was slow

Quote from: numanoid on May 24, 2021, 08:04:49 PM

Do you think he will let bitcoin goes down during crash? While he have bought bitcoin on $33,000, do you think he doesn't want any profit from his investment? Do you think Elon is stupid for let market crash and make his investment down a lot?

of course he won't let the price drop too much and he won't lose money

numanoid

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Quote from: ?? on ??

Op, Elon has no power what so ever to hold Bitcoin from not going down below his entry point of $33k since the trend is mostly determine by the fources of demand and supply if you really know how this market works.

He has no power? Then go to your time leap and back to Jan 2021 and see how much bitcoin was worth, then you go to Feb 2021 and see what was bitcoin price when TESLA announced they have invested $1.5billion on bitcoin. Bitcoin jumped to $50,000 because of that, how does it mean he has no power?

Silberman

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Quote from: uneng on May 30, 2021, 01:24:32 PM

Probably he prefers to stay in loss with his btc investment on short run to avoid putting Tesla into polemics with the powerful eco-terrorists, what consequently would create more problems and losses for him and his business. But I think he also cares for his bitcoin investment, because he didn't give up on bitcoin at all. The way he made the announcement gives the impression it's just temporary.
Anytime from now on he can come to his twitter and say something positive about bitcoin again, like it's not harmful to the environment anymore or that miners are fastly shifting to renowable sources of energy. The point is, does it worth for crypto community to become hostage of a man's tweets which portrait more volatile opinions than the crypto market's volatility itself?

One of the interesting things of influence is that the one trying to influence you has as much power over you as you give to them, this means that Elon had a lot of influence over the market when he came in as people were happy that institutional investors were coming to the market regardless of their name, but then when Elon turned its back to this market and began saying all of that negative stuff people began to disregard his opinions, and even if he is trying to regain some trust back in the community this is not working as people do not believe him at all.

$crypto$

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Quote from: justdimin on June 01, 2021, 12:04:50 PM

I do not think that Elon is that powerful that much, sure he "was" powerful that much but I am not sure if he has the same type of power anymore. His manipulation helped a lot of people make a profit but now that he dropped the market or at least started the drop on the market people are realizing that maybe he is not that great neither, maybe it is not nice to put all your money into something that one guy can change all of a sudden.

This is why I think it is quite important to realize we are at the mercy of one guys tweet and that is why people stopped caring about him. I am seeing less and less of him in the media and the crypto world which is a great thing. I still think he is an important figure but I just feel like he doesn't have the same type of power he used to have in the crypto world. This is why I care about what he is doing and what he is saying, but I do not act according to it, I just stopped caring about it, just following it only.

Elon Musk has a service because he has pumped btc and doge before, this makes the trust of many people his strength, so it's no wonder that many will care about him when the tweet is generated on their social media, a little power must be there but now I also don't ignore it even ignore what has been tweeted in crypto now Elon can no longer change bitcoin meaning this manipulation has no effect anymore because he already knows the roots behind all this, wants to destroy more basic and buy it blindly normally what whales always do follow it.
But I believe a little bit of bad news will disappear over time and forget what FUD is. The most important thing is how to keep investors consistent against weak hands.

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Quote from: LogitechMouse on June 01, 2021, 04:51:21 AM

Quote from: numanoid on May 24, 2021, 08:04:49 PM

Elon is enterprenuer, he had became the richest person in the world. He is not stupid, he even much clever than the rest of us. With only 1 tweet, he can make people buy lot of any coins he tweeted. Recent news he even has contacted how to make bitcoin more "green" to use later, which will make TESLA re accept bitcoin

This is when he is very optimistic when it comes to Bitcoin. I know that 1 tweet coming from him is very powerful - powerful enough to move the price of the crypto market go up. Just him accumulating Bitcoin let the price go higher. Him supporting DOGE made it skyrocketed. All of that changed because of a single tweet coming from him. I'm not saying that no one is supporting or following him anymore but knowing that this huge correction that happened made some investors loss their money and worse their whole savings account (which is a mistake), I'm pretty sure that the investors who are following him decreased by a lot.

I do not think that Elon is that powerful that much, sure he "was" powerful that much but I am not sure if he has the same type of power anymore. His manipulation helped a lot of people make a profit but now that he dropped the market or at least started the drop on the market people are realizing that maybe he is not that great neither, maybe it is not nice to put all your money into something that one guy can change all of a sudden.

This is why I think it is quite important to realize we are at the mercy of one guys tweet and that is why people stopped caring about him. I am seeing less and less of him in the media and the crypto world which is a great thing. I still think he is an important figure but I just feel like he doesn't have the same type of power he used to have in the crypto world. This is why I care about what he is doing and what he is saying, but I do not act according to it, I just stopped caring about it, just following it only.

lienfaye

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Quote from: numanoid on May 24, 2021, 08:04:49 PM

Slap yourself if you didn't buy any coins on that time, and SLAP YOURSELF HARDER WHEN YOU EVEN SOLD YOUR COINS DURING CRASH

There's no need to say these words, its quite common to commit mistake but at the end of the day, experience will be the best teacher to not commit the same mistake again. If you repeat what had happened then you already have an investing problem and deserves to slap to be on the right track.

The tweet of Elon has really become big deal. His followers and investors are relying on his tweets for the next decisions they will make which I think is absurd. They let this personality drive their investment decisions just because he is influential and believing that it will really happen. They let themselves be manipulated, well its their business anyway.

As an investor/trader who know the history, the dip is not as bad as what others think because its an opportunity to take advantage the cheap price so just buy and be positive.

traderethereum

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Quote from: Dr.Osh on May 31, 2021, 12:42:10 PM

So far, I'm still holding on to my crypto assets because I believe the bitcoin price will hit $100k this year. however, I think that many people only buy when the price is going up to follow the trend, and sell when it's down because of panic. however, I still believe bitcoin prices will be high with or without Elon Musk.

Good if you still holding your crypto and believe in bitcoin because bitcoin will give a surprise to us by increase the price step by step.
If people only buy when the price is going up, that will be their mistake and they will regret doing that as they do not know when the price will get down.
And if they do that again and again, they will not survive and will lose their money shortly.
Our job is to analyze the market before we analyze and find a good time to buy bitcoin. Maybe holding for a while will be a solution if we can not analyze better than the other.
Do not force ourselves to follow the trend, especially if we are not sure where the market will move.

LogitechMouse

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Quote from: numanoid on May 24, 2021, 08:04:49 PM

Who have bought any coin during crash?
Who also HODL during market crash?
Congratulation for you , you are deserve on cyptoworld.

Thank you. I hope you bought some too and those users who are clever enough and had buying power before the crash happen. Kinda risky but hey, I'm a long term holder and corrections are just nonsense to me

.

Quote from: numanoid on May 24, 2021, 08:04:49 PM

Elon is enterprenuer, he had became the richest person in the world. He is not stupid, he even much clever than the rest of us. With only 1 tweet, he can make people buy lot of any coins he tweeted. Recent news he even has contacted how to make bitcoin more "green" to use later, which will make TESLA re accept bitcoin

This is when he is very optimistic when it comes to Bitcoin. I know that 1 tweet coming from him is very powerful - powerful enough to move the price of the crypto market go up. Just him accumulating Bitcoin let the price go higher. Him supporting DOGE made it skyrocketed. All of that changed because of a single tweet coming from him. I'm not saying that no one is supporting or following him anymore but knowing that this huge correction that happened made some investors loss their money and worse their whole savings account (which is a mistake), I'm pretty sure that the investors who are following him decreased by a lot.

Quote from: numanoid on May 24, 2021, 08:04:49 PM

Slap yourself if you didn't buy any coins on that time, and SLAP YOURSELF HARDER WHEN YOU EVEN SOLD YOUR COINS DURING CRASH

Kinda harsh but opportunities like this comes every few months or years so take this opportunity to accumulate even more. Don't be pressured and don't panic whenever you see your portfolio go down in USD value

. Just stay calm and trust the process Cheesy

.

bryant.coleman

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If you go by the principle of purchasing cryptocurrency during the dips, then you need to make sure that the prices have bottomed out. Unfortunately, despite the recent correction, I don't think that it has happened. The bitcoin dominance is still at around 42%, which is almost at the same level we had before the correction (40%). Shitcoins such as DOGE and XRP are still having huge market capitalizations. These indications mean that the current phase of correction hasn't covered all of the crypto-assets.

poodle63

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Quote from: Dr.Osh on May 31, 2021, 12:42:10 PM

So far, I'm still holding on to my crypto assets because I believe the bitcoin price will hit $100k this year. however, I think that many people only buy when the price is going up to follow the trend, and sell when it's down because of panic. however, I still believe bitcoin prices will be high with or without Elon Musk.

Those people are exactly that kind of people who gonna get robbed by whales manipulation, all the fuds going around and the dumps that causes fear, if not for triggering those weak hand people then i wonder what else is the reason. remember
big institutional accumulating from the weak hands, the news about the increase of btc in their portfolio have been published a lot lately, maybe these people should see how these big boys playing in the market by their own rules then they gonna understand that their decision totally influenced by the big players.

magneto

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Precisely.

The institutional backing for crypto is still there, stronger than ever.

Fundamentally, nothing has changed. The current round of dumps is fueled by nothing other than people's irrationality and likely a long squeeze that resulted from a highly leveraged market at the peak.

It's almost comical how Musk is able to sway the masses like this. It makes no sense for his stance on BTC to change from day to day - it is likely just him trying to enter the market for cheaper after a round of FUD.

Dr.Osh

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So far, I'm still holding on to my crypto assets because I believe the bitcoin price will hit $100k this year. however, I think that many people only buy when the price is going up to follow the trend, and sell when it's down because of panic. however, I still believe bitcoin prices will be high with or without Elon Musk.

bitbunnny

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I think when making decisions to buy or to sell experience of the bitcoiner is the most important.
New investors easily get scared of loss, they are often prone to reckless decision or panic but this is normal. On the other hand experienced bitcoiners know the Bitcoin price history, the peaks and downfalls so I guess such investors new how to use recent situation on their best interest and now they don't need to slap themselves. Not only whales made the benefit although they had slight advantage. I still believe that even average user can benefit much from Bitcoin, only when he gets enough knowledge and experience with some touch of luck and skills to manage risk.

aysg76

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The most benefit was made by the whales during this crash as they accumulated huge amount of Bitcoin and making profits by selling at peak and accumulating double the coins at low price levels.But say many of us still miss the boat this time as usual and will regret afterwards.I personally had invested some funds into btc and ETH proponatinally as they were surplus funds to me and whenever I have surplus amount they go into crypto investments regardless of prices.But people don't need to slap themselves if they have sold due to some financial reasons and fear of market loss as it is normal sentiment of reaction for many traders.But still we need to understand the importance of investment in our life.

stadus

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I'd rather slap myself if I panic, we know for sure that the price will bounce back but to know exactly when that's a big question market. Everyone has their own strategy, mine is simple, don't follow the hype but at the dip, simple but effective.

We've seen how the market is struggling now, maybe because the hype is gone and people slowly taking out their investment, we might not see a new ATH again this year, and correction are likely to come, but then it's just my personal opinion though, I could be wrong.

2double0

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@numanoid, looks like you became too emotional. Grin

Elon was not, is not and will not be the reason why btc shot up and then down. He is a profit maker, but he invested in btc what he can afford to lose, so even if btc goes into a negative value (under 0), this guy will have no impact of it on his portfolio. Crypto is like a game of chess for him, and he thinks he is the king but we are unnecessarily giving him too much importance in crypto for which we are now seeing results. I do not say that he cannot move the markets, but other institutions also hold unique significance in crypto because of their investments.

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Quote from: uneng on May 30, 2021, 01:24:32 PM

Anytime from now on he can come to his twitter and say something positive about bitcoin again, like it's not harmful to the environment anymore or that miners are fastly shifting to renowable sources of energy. The point is, does it worth for crypto community to become hostage of a man's tweets which portrait more volatile opinions than the crypto market's volatility itself?

The thing is, Elon Musk's tweet can only have an ephemeral/short term effect on the price of Bitcoin, but in the long period it cannot. It's the people who will allow themselves to be moved by his tweets and prolly sell out of panic that will lose, and they are mostly newcomers; it's not possible for Elon to control the network, but it's possible for him to play on the emotions of users who don't really do their research and do not believe in the network as well.

I've never sweated over any of Elon's comment about Bitcoin or any other cryptocurrency, and definitely with time, more and more people will understand how the network works, and will pay little or no heed to what he says which will reduce his influence to zero.

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