Re: Bitcoin, Dogecoin Gain After Musk's Tweets, But Will There Be Another Bull Run?

Quote from: Abiky on December 14, 2022, 04:46:40 PM

Quote from: Sethrey on December 06, 2022, 10:31:15 AM

I never expected any support from Elon Musk as it's not the natural growth of the coins, but simple manipulation. It doesn't mean that the coin is really promising and will continue growing. We all know how hype works. So I'll continue supporting the projects I've chosen and checked by myself.

Exactly. What Elon Musk is doing is simply manipulating the market for his own benefit. It's very obvious Bitcoin will rise in price, especially when it's the future of money. Probably Elon Musk bought Bitcoin at a cheap price and wants to sell it higher for profit. The same can be said about trying to "pump" Dogecoin's price with his tweets. People should really move on from Elon Musk and start focusing on what matters most.

It's not about Elon, but rather how crypto/Blockchain tech can change our world for the better by eliminating the middleman from the system. Unfortunately, many people are into crypto to get rich quick. So don't be surprised if more "suckers" fall for Elon Musk's tricks, due to greed. At least, we know Bitcoin won't be going anywhere soon. Who knows what the future for the entire industry will look like? Just my thoughts Grin

I agree with you, the focus should be on the potential of blockchain technology and how it can improve our world, rather than getting caught up in market manipulation and greed. It's important to keep in mind that the value of a cryptocurrency should not be determined by one individual, but rather by the technology and its ability to provide a useful solution. It's also worth considering diversifying your portfolio and not putting all your eggs in one basket, whether that be Bitcoin or any other coin.