~snip~
Yeah, might say it was hard to earn a profit this time but if you are a skilled trader, it is not impossible. What just we need is to remain strong and have faith in our invested coins. We don't let our emotions bother us too much as this will lead the wrong way. The more we think about the situation, the more it affects our mindset, and can't even think of the right thing to do.
Well, in regards to Elon Musk, it was uncertain.
Sometimes we often falter to see someone exaggerating about a coin and then we want to invest in that coin without seeing that we already have a good coin. It seems that the words of someone famous can indeed influence us to follow them without doing research first. This is where we need emotional control to avoid falling into the wrong path and consider whether the coin is worth buying and keeping for a while.
The crypto market is constantly on the move and ups and downs are always going to happen and it's better not to be affected by anything so we can stay calm. Elon Musk is famous, but that doesn't mean we have to believe him because we have different paths.
~snip~
during a bear market if you wait for the hype from elon musk it only makes the market a pump and dump,
you can judge for yourself, it's different from the bullish season,
I'm sure it's not because of elon musk the bitcoin pump price but indeed because of pure mass adoption and halving that makes bitcoin hit new ATH last year.
We better start buying coins that we value and have the ability to increase in the bull market later so that we are not too late to take a position to make a profit. Just let Elon comment or say something about the state of the market or what he wants to do and we better stay focused on what we want to do.