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Let's Talk About Cryptocurrency - Bitcoin, Ethereum, XRP etc.


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The market for cryptocurrency has become increasingly volatile and is affected by a lot of factors, including tweets from influencers. Just by randomly tweeting about a crypto project, influencers can have a considerable impact on the price movement and make it go up or down. The most well-known influencer in the crypto space is Elon Musk, who has been using Twitter to promote cryptocurrency projects. He has been tweeting about Bitcoin recently, which is a reason why the price of that particular cryptocurrency has been going up.

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Cryptocurrencies have been marked by extreme price fluctuations in the recent past. Bitcoin has been affected by tweets of influential people including Elon Musk who has been undermining its price.

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The cryptocurrency market is stuck in a price range where tweets from influential individuals can make a big difference. Some of the most influential individuals in the world are able to gain leverage over the movement of bitcoin prices. One of the most influential individuals in the cryptocurrency world is Elon Musk, who has been tweeting about bitcoin prices.

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Guest BUSH

Just by randomly tweeting about a crypto project, influencers can have a considerable impact on the price movement and make it go up or down.

1382681924_bitcoinmaingraph.png.6463abc0c1041275ef3b052f75400885.png

 

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Guest PNOY

Despite Bitcoin's bearish trend, the most obvious indicators suggest that there is still more to come. In order to take advantage of price reversal signals, traders of all types are searching for signs of strength and evidence that Bitcoin is bottoming out. The number of technical signals indicating at least a temporary reversal in price activity has grown substantially over the last few weeks.

766629608_Bitcoingraphdowntrend.png.9423a9cd4c7fdb2739c10376b7880c4b.png

 

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Guest ELON

In light of Bitcoin's recent price action, it is easy to draw the conclusion that the price is in a down trend. The current price range indicates that demand may be significantly lower than expected. Traders are using a variety of strategy to determine whether Bitcoin has bottomed, but on-chain activity and derivatives data suggest the situation remains precarious. The community has begun searching for signs of reversal, including technical patterns and social sentiment indicators.

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  • 3 weeks later...
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Many have made money with Crypto but many have also lost their wealth.  If you go to the bottom of it there isnt really anything supporting it’s value other than a supposedly limited virtual supply created and speculations of investors.  In short you are betting on someone else’s bet. 


Personally i am more of the conservative type of i will put most of my investments on safer long term assets.  But if you have some spare cash that isn’t needed then… you can try it for the thrill.

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