Quote from: UKprod on Today at 12:36:53 PM

Quote from: cryptoperkele on May 17, 2021, 12:22:36 PM

How come almost on-one didn't bat an eye when Elon was pumping BTC by tweeting about it? In fact people were encouraging him to tweet about BTC or doge, and now it's suddenly market manipulation and potentially illegal when he is tweeting shit about it and it's going down?

Ha ha

You are absolutely to the point. This might give a heartburn to a lot of people.

One thing that we need to take account of is that Bitcoin and Crypto markets are still not mature enough. Any single tweet from a celebrity can cause a jump in prices or a plunge in prices. Therefore, until we reach a more mature market for Cryptocurrencies, we have to be wary of these kind of situations.

The present condition of the market is not just all because of Elon Musk. Yes he is trying to manipulate the market, but we should never forget too that the market alone is very volatile. So we should always expect for sudden jump or plunge of the prices.

We are currenty in dip right now and it saddened us particularly for those investors who just came in when bitcoin was still in its high peak. But we should not resort into panicking just because of this. Bitcoin will have its own time to rise and its already proven with its past struggles from long bearish season.