Quote from: Andrews193 on Today at 05:31:12 PM

Quote from: sapnu on Today at 09:34:39 AM

Quote from: mrquackquack on May 13, 2021, 10:52:29 AM

A sudden price drop in the crypto markets along with the deepening points loss in the dow jones point to a a slow and steady downward trend as of late. Is the bull run of 2021 over? Are these the marks of the beginning of something much worse to come? A major recession, a new crypto winter? What could possibly be next? Any comments and thoughts are more than welcome.

The price drop that occured is definitely correlated to Elon Musk's removing of bitcoin as a mode of payment in Tesla. He has a huge influence to investors considering that he is a billionaire that's why the price of bitcoin was hardly affected by his decision. He is currently supporting dogecoin and no one knows yet what is his plan with it. So far, bitcoin's price has finally recovered and at almost $50k once again. Bitcoin is a strong currency that's why we should never give up on whenever it experiences a struggle, just like what it always does, it will soon recover and exceed more ATH in the future.

Sure, Elon Musk can't shirk responsibility when this is basically a deliberate act, he wants people to adopt a new product in payment and that could be dogecoin and very quickly, we will realize that Elon Musk's absence is sometimes a good thing, someone who causes too much trouble should disappear. Dogecoin should also go down the same path when Elon Musk has put his hand in, this cake won't taste as good as many people think, bitcoin is still better according to the community's opinion.

Crypto investors are already wiser than before, it's been an experienced that whatever happened there are always a newcomers

that will provide, bounce is already happening now and we are again seeing good market movemets, after that dip another green

are showing to the whole market. It's not Musk alone but there are many investors around this market they'll not going to let this

manipulations to continue, but they are good riding with it. Be very careful and observant.