Post
Topic
Board Economics
Re: What We Should Learn From Elon Musk Influence
by
franco123
on 22/02/2021, 17:37:36 UTC
Personally, what I learned about this is that big personalities can have a big impact to the price changes. Not only that the Bitcoin spiked up its prices, but also the other alts specifically DOGE. With that, Bitcoin may not be controlled and affected by the government but it can be influenced greatly by these people. This is why it is important also to watch out for your trades and positions as we may see the rise of prices now, there is a potential crash also when people starts to pull out money and take profits. This is where we should also learn to apply different studies to determine if a price surge is just a hype or if it will be sustainable. We can not always relay to the hype trades as these trades may also crash in the most unexpected time as well.