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[AudraMiller]

One of the major news events that took pale a few months ago was the withdrawal of Tesla when it comes to the acceptance of bitcoin as a form of payment at the country and that caused the price of bitcoin to come tumbling down to just over 28k usd. However it seems that this did not have the effect that it was thought to, as despite this it seems that bitcoin has reached its bull run and has surpassed even the 51.8k USD region. Do you think that this is an indication that elon musk is losing his control over the cryptocurrency market and that this power is not being split among the various different institutional investors and whales?

 

[LutherKing]

Well and you saw ltc falling 30% in a day that's how cheap thing this Crypto currency is it makes you looks fool when you use it to be honest

 

[AudraMiller]

Well and you saw ltc falling 30% in a day that's how cheap thing this Crypto currency is it makes you looks fool when you use it to be honest

To be honest it is extremely volatile and I think that it makes it very difficult to try and have a very good and consistent strategy when it comes to cryptocurrency because you are unable to predict why a cryptocurrency coin is going so low.

 

[Niftyicon]

If there was anything to be achieved by his withdrawal of btc payments it probably has been achieved already and we can hope things get back to normal soon.

 

[Mariappa45]

Many can see that, it's already backfiring cos BTC did not drift down more than he hoped for after he removed BTC as option of Tesla model cars purchase.

 

[Josemendez]

People are no longer controlled by what they hear or read . They have made their research and are at such moved by their own instincts

 

[BullyMaguire]

Once you invested in Cryptocurrency you won't help but to notice people who attempt something.. good or bad for Cryptocurrency. The key is just do your own research

 

[Wisdom01]

The truth is that it influenced the price then , I was expecting a surge in price but after he made the statement of withdrawal the price dipped and dropped further again I think

 

[BullyMaguire]

The truth is that it influenced the price then , I was expecting a surge in price but after he made the statement of withdrawal the price dipped and dropped further again I think

Cause it doesn't always go up like that.. means he cannot create the hype he was aiming for.. plus everything dipped anyways so it must be that too

 

[SCAMEXPOSER]

If the market is in bullish. It is easier for him to hype the coin but provided bitcoin is down it is very difficult to hype it and he is building the coin for better.

 

[Wisdom01]

Cause it doesn't always go up like that.. means he cannot create the hype he was aiming for.. plus everything dipped anyways so it must be that too

It actually seems the hype is not as infulential as before most especially on the positive side of increasing crypto price , but more infulential on the negative side

 

[SCAMEXPOSER]

It actually seems the hype is not as infulential as before most especially on the positive side of increasing crypto price , but more infulential on the negative side

I am very optimistic that Doge hyping would have been more easier and continuous if cryptocurrencies didn't crash some months back.

 

[BullyMaguire]

It actually seems the hype is not as infulential as before most especially on the positive side of increasing crypto price , but more infulential on the negative side.

Well many won't be falling for his words again.. it's not like before when he's just teasing his support.. like just tweeting doge is enough.. people are use to him already

 

[SCAMEXPOSER]

Well many won't be falling for his words again.. it's not like before when he's just teasing his support.. like just tweeting doge is enough.. people are use to him already

They will because on daily basis people join the cryptocurrency trend and not very many of them has history of his hyping strategies.

 

[Wisdom01]

Well many won't be falling for his words again.. it's not like before when he's just teasing his support.. like just tweeting doge is enough.. people are use to him already

Yeah many won't be falling for his words after former outcome, have really given them a particular reason to be more careful on investing because of his tweets , they would prefer to do their research

 

[BullyMaguire]

They will because on daily basis people join the cryptocurrency trend and not very many of them has history of his hyping strategies.

But it wouldn't be like before. And since his tweets aren't as effective old investors wouldn't just join the hype because they already know how much effect it will only give

 

[GoldenLady]

Well and you saw ltc falling 30% in a day that's how cheap thing this Crypto currency is it makes you looks fool when you use it to be honest

That was pure manipulation, probably from a pump and dump group. Elon Musk's tweet was stating facts, even though he probably knew what would happen with such news

 

[SCAMEXPOSER]

But it wouldn't be like before. And since his tweets aren't as effective old investors wouldn't just join the hype because they already know how much effect it will only give

Just keep watching till bitcoin fully recover you'll be surprised how he will manipulate doge coin again and people will Invest heavily.

 

[Wisdom01]

I am very optimistic that Doge hyping would have been more easier and continuous if cryptocurrencies didn't crash some months back.

Yeah you are right because there was a time the price was rising continuously for days ,and many companies were adopting it as payment option , the market crash weaken everything

 

[ElPaule]

Yeah you are right because there was a time the price was rising continuously for days ,and many companies were adopting it as payment option , the market crash weaken everything

but this corrections are essential to avoid bubbles in a market. The corrections are not a guarantee that there will not created a bubble but often they help the market not to overheat...