Post
Topic
Board Speculation
Topic OP
Love Elon for Tesla and space exploration but forget about him about bitcoin
by
slowlyslowly
on 18/05/2021, 23:20:41 UTC

I love Elon. The world needs more risk takers though he sometimes loses the plot at odd times.

But in terms of real effect on the bitcoin price forget him.  there was a spike a few years back where we went from less than $1,000 to about $17,000 and then it came down and settled about $8000 before moving up fast again recently. Elon had no hand in that up and down. it was the old friends (enemies?) of manipulation, FOMO (greed) and then exhaustion. I think we are going way down now to $30,000 at least just on the downhill pattern we have when huge spikes occur. So long as we are above the 200wma we are still getting doubling in price each year. Elon buying lots or selling lots or talking about other coins etc wont hurt us. Stand easy.