Just a single word "bitcoin" from one of the world's richest person changed the entire BTC market, I never expected such a big pump after dropping to 29k and again till 38k plus. I just want to know are people still buying because of a small hype?
Well the perfect buying opportunity is when it drops to $29k, the current price increase seems to be FOMO for me. And obviously, it is, as the price goes down to $35k now. It's no small hype though, tweet from Elon Musk was the catalyst, but then again it's purely manipulation by big players.
Why people are so much eager on a small hype from a single man does popularity makes big impacts on the market? Why people are not following the trend and strategy of Market? What's your opinion guys.
That's what you call hype, an influential person like Elon Musk will really make the price spike in many hours. We all know how rich Elon and the impact he can bring to his own stocks and crypto are really huge. Unfortunately, the hype has died down already and manipulators have taken their profits.