Well that was a grand experiment. The developers must have packed up and went home. All the users shut down their wallets. Elon has spoken so the market obediently listens.
Crypto is dead.
Or this is the indication we are getting from those who put a lot of stock in the market. The FUD is in high gear with people complaining how Elon killed it all.
For years I espoused the idea of ignoring the market. It tells us little to nothing. Other than looking for buy and sell points, the market is completely useless. This is especially true if the accusation that the market is crashing because of Musk. If that is indeed the case, then the stupidity level among the market participants is legendary. Anyone who buys or sells crypto based upon what Musk says certainly has a screw loose.
In this video I discuss how we need to look at that which is truly important. Since the market does not know, nor care, what is going on, it is vital that we do. This is how fortunes are made. So, if you believe the market, all of his is in peril. However, if you understand what is taking place, then you know that is completely foolish.
▶️ 3Speak
You really do have to understand that 95% of the worlds population just doesn't get it and then complains when they make dumb choices like this. For me stepping outside of that and looking at the grand picture and understanding how "most" people operate in the stock market and crypto markets now more than ever with the introduction of wall street bets it was painting a clear picture of massive rally following by an implosion at some point. We just had a pretty decent sell off honestly which made for a perfect buying opportunity I thought so I picked up some more Ethereum lol
For me the money I've been messing with is kind of a game. I started with a small investment at the start of this year and have been only trading crypto with it ever few days/weeks and even the longest was a one and a half month period of time. Just to see how well my theory on all of this was looking. So far so good!
Fact is no matter how much we might hate it FUD, Influencers and them talking it up or down are going to play some impact on the markets always. What you and I understand is there's a core shift happening and while it wont be tomorrow imagine 2-3 years from now and those stacking efforts today are going to pay off 1,000x in just a few years.
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Plain stupid. The DOGE pump has proved that prior to Elon's FUD. Amazingly stupid, hence the volatility.
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Its also the reason why I have zero plans on buying things like DOGE. When they don't have anything to show for it, the price crashes and everyone stampedes for the exits or bag holds. So I focus more on the development side and what is actually happening more on the chain. I don't doubt that people will continue to be dumb and follow along other people's trade without thinking. So I will ignore it and follow me own plan.
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At this point in time, one should see the whole shit as an opportunity and not as a way of panicking, always remember the world is made up of many people no man can decide it all
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I would rather say manipulated.
The only thing I care about right now is if the bull continues, because I want to convert more of the coins that I don't want to hold long term to stable coins in order to buy bitcoin and hive in the bear market. Other than that, the market doesn't interest me at the moment
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