Post
Topic
Board Bitcoin Discussion
Re: Current Market Cycle Analysis
by
datguyian
on 22/05/2021, 21:16:06 UTC
Unfortunately, this is how the psychology of the masses and the mechanics of the work of traders work. It's not about the message that Elon Musk wrote - it's about the inadequate reaction that arose after him. Due to the fact that traders received a sell signal due to this "news", they mechanically began to fold Bitcoin. When this went on for several hours, hamsters began to sell. But this did not become a "crash! So it is better to forget about this manipulator and move on."

Well said. Those who rode the wave up because Elon tweeted positive stuff should not cry when it goes down because he tweets negative stuff. It's the exact same effect with just opposite directions. The exact same person is a hero when he brings your Bitcoin price up and is a troll when he brings it down again. Maybe not listen to Elon all that much anyway would be better? Wink