The crypto markets were hit hard the last couple weeks. It appears that many are blaming Elon Musk for the latest decline. His statement that Bitcoin uses too much energy send things in a free fall according to many.
What this is showing, whether it is true or not, is why it is vital to do your own research. Do not believe what someone on Twitter, YouTube, or 3Speak tells you. There are a lot of agendas out there.
In this video I discuss how a guy like Elon Musk does not know that you even exist. He is also able to approach things with a different outlook. For example, he could put a million dollars into something and not care if he loses it all.
▶️ 3Speak
The fact that many feel and it very well could be possible. That a simple tweet that sparks news and speculation about some figurehead selling plays a massive part in markets. It shows how people can be manipulated easy and how a portion of crypto is driven on hype and dreams of riches over night.
This fact will never change though it happens in marketing all the time as well. 95% don't put in the work or research and complain later about why they are failing. The same could be said here. 95% don't research and simply jump on any simple news thinking they are going to lose it all or make riches over night because of Elon and let's honestly not forget about wallstreetbets impact as well and how gamestop pretty much started that whole hype.
What's important is to be aware of it and not follow those trends. They are quick fast adjustments but at the end of the day crypto and moving towards somewhat decentralizing applications is growing. I think it's going to be a LONG time till we have a fully decentralized system and honestly I might be a little scared of a fully decentralized system there's a lot of bad actors over good.
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Yes people just need to do their own research rather than following other people. The best thing about following your own plan is that you can go to sleep without worries because you have already figured out what you are going to do.
But most people usually don't do the work so I am not surprised. I didn't really think about it but yes Elon could stack for a few years while most can't.
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I wish somebody else said or did something stupid because I'm getting tired of meme-ing on Elon :)
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Yeah and without Donald Trump in the spotlight, he is off the table too.
There is always Joe Biden, he majors is stupid things although they keep him hidden.
Can always tap into the Kardashians, there has to be a trove of memes there.
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I meant something stupid in the cryptosphere :) I forgot to write that part down :P
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