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[Josemendez]

Ever since bitcoin price has been affected by Elon musk tweets ,and the aftermath of the tweet as seen in countries banning bitcoin Mining, the CEO of Twitter , Jack Dorsey according to news gathered from Forbes.com has made plans to accept bitcoin payment in Twitter. They also plan to purchase high amount of bitcoin which can make Twitter to posses large amount of bitcoin more than Tesla.

Do you think that this move will help raise the price of bitcoin ?

 

[Niftyicon]

Of course! It will help raise the price of bitcoin at least a little if he ends up going through with it. Apart from twitter, there is need for such to be considered among other institutions.

 

[LutherKing]

Well the price has remained stagnant despite the buys , because there are more selloffs and actually buys orders are of not that importance rather than companies trading it , also the effect of rumours has remained significant till now

 

[Chibson]

Bitcoin is the face of cryptocurrency, and everyone seems to be accepting and adopting it daily. This move by Jack Dorsey is a welcome development.

 

[BullyMaguire]

What can you even use it for in twitter? Ad space? Not sure about it since im not active on twitter.. only use it when needed like a min or two every other month

 

[Chibson]

What can you even use it for in twitter? Ad space? Not sure about it since im not active on twitter.. only use it when needed like a min or two every other month

It may be used for ad space or other things. Maybe he's probably looking at the possibility of bringing new features to the platform.

 

[Chibson]

This is one of the major news in cryptocurrency. It's one of those news that could cause a spike in the price of bitcoin.

Yeah, so big news usually make many people to start buying and hodling cryptocurrencies, which automatically cause a big pump.

 

[Wisdom01]

It would help raise the price of Bitcoin , it's a clear innovation and it adds more positivity and growth to Bitcoin in many ways and areas too I think

 

[Chibson]

It would help raise the price of Bitcoin , it's a clear innovation and it adds more positivity and growth to Bitcoin in many ways and areas too I think

It is definitely a very good innovation and this will also help to add more relevance to the cryptocurrency world. Bitcoin is the future of finance undoubtably..

 

[Wisdom01]

It is definitely a very good innovation and this will also help to add more relevance to the cryptocurrency world. Bitcoin is the future of finance undoubtably..

Yes people would have back up mind and support incase any negative news emerge , they would be rest assured that Twitter is still holding bitcoin

 

[Chibson]

Yes people would have back up mind and support incase any negative news emerge , they would be rest assured that Twitter is still holding bitcoin

Exactly. One of the reasons people have high hopes in Bitcoin is because there are a lot billionaires and institutions holding it in large numbers.

 

[Wisdom01]

Exactly. One of the reasons people have high hopes in Bitcoin is because there are a lot billionaires and institutions holding it in large numbers.

Exactly that is what is still giving people hope to hold more, if not when China banned cryptocurrency a lot of people would have sell the Bitcoin very fast

 

[Chibson]

Exactly that is what is still giving people hope to hold more, if not when China banned cryptocurrency a lot of people would have sell the Bitcoin very fast

The ban cryptocurrency by the Chinese government affected the prices but it is not recovering very fast. One thing about cryptocurrency is that if you don't sell you haven't lost.

 

[Wisdom01]

The ban cryptocurrency by the Chinese government affected the prices but it is not recovering very fast. One thing about cryptocurrency is that if you don't sell you haven't lost.

Exactly that is why many analyst advice that despite all odds , is best you keep on holding so that you would not make loss after selling off and the price recovers again, the ban really made a lot of people panic sell thinking that would be the end of bitcoin

 

[Chibson]

Exactly that is why many analyst advice that despite all odds , is best you keep on holding so that you would not make loss after selling off and the price recovers again, the ban really made a lot of people panic sell thinking that would be the end of bitcoin

I have a friend who bought bitcoin when it was about 55,000 dollars and during the crash he panic sold even after I advised him not to sell. Now the prices are recovering again and he's regretting. Cryptocurrency is all about patience.

 

[Wisdom01]

I have a friend who bought bitcoin when it was about 55,000 dollars and during the crash he panic sold even after I advised him not to sell. Now the prices are recovering again and he's regretting. Cryptocurrency is all about patience.

Yeah it's more of patience that's why many people don't make profit , without patience am not even sure if the person would be able to make it's gain properly as a lot of panic sell , would be the obstacle if acheiving sucess

 

[Chibson]

Yeah it's more of patience that's why many people don't make profit , without patience am not even sure if the person would be able to make it's gain properly as a lot of panic sell , would be the obstacle if acheiving sucess

There was a time binance co-owner said that the best way to become a millionaire in cryptocurrency is to hodl.
I think this statement is very true, patience in cryptocurrency is the key.

 

[BullyMaguire]

It may be used for ad space or other things. Maybe he's probably looking at the possibility of bringing new features to the platform.

Probably, like what Facebook does.. they have ad space and maybe boosting of tweets aswell for influencers and media personalities that wanted go reach more audience

 

[Chibson]

Probably, like what Facebook does.. they have ad space and maybe boosting of tweets aswell for influencers and media personalities that wanted go reach more audience

Yeah definitely. Maybe they're trying to bring their own wallet in which you can deposit in it and use it to do anything around the platform. I think that will be a very good feature.

 

[Wisdom01]

There was a time binance co-owner said that the best way to become a millionaire in cryptocurrency is to hodl.
I think this statement is very true, patience in cryptocurrency is the key.

But it won't just happen in a day ,it would possibly take time before the person actualise been a billionaire or millionaire with cryptocurrency , but it goes with more of determination