Ninjastic
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Board Speculation (Altcoins)
Re: Bitcoin, Dogecoin Gain After Musk's Tweets, But Will There Be Another Bull Run?
by
CaVO32
on 02/12/2021, 22:32:37 UTC
Quote from: Rehan Zakir on Today at 06:01:32 PM
Quote from: aprilnot on June 15, 2021, 10:49:58 AM
Quote from: Sethrey on June 15, 2021, 10:42:41 AM

What are your thoughts about these 2 coins' future and is it possible that Musk will decide to the hype on something else also? Green coins are getting more popular. Why doesn't he mention any of them? Which one do you think needs such a kick?

I doubt that he will be tweeting about crypto again anytime soon after the many criticisms that have been directed at him. but even so, I still believe there will be another bull. like now bitcoin is starting to try to return to the price of 40k, after a few days yesterday it fell below 33k. if bitcoin can stay at the current price, maybe there will be further bulls that will occur.
But a single person cannot change the whole nature of market. There single tweet can pump any coin. But after some time this coin will dump hard. Elon musk tweets active investor to buy coin. And investors pump coin badly. I think it is not a right way to pump or dump and coin.

For long timers, they should know better that tweeting is not a sustainable approach to the market position of any coin. It should come with actual development of the coin. And right now, we don't know if Musk is indeed involve in the development of doge, if there's any.

And another very simple tweet recently of Musk influences the market of doge. Just mentioning the name of doge in his tweets make this coin pumping. You can really see the influence of him towards this coin.

https://www.benzinga.com/markets/cryptocurrency/21/12/24398337/dogecoin-sees-sudden-spike-as-elon-musk-sends-out-tweet