Post
Topic
Board Altcoin Discussion
Re: Elon Musk accidentally created a new cryptocurrency. WTF?
by
Biznesmen
on 12/11/2023, 08:35:54 UTC
Musk or any other business people who put their money on the market, then it's a huge hype for that coin. Because people believe that when they invest in that, it will make that coin more valuable in the future by being used in their own business or something. So it's a secure way to follow those people. But I don't know if it's always a good strategy here as well, because in the stock market, there's some reason for collaboration with another company or something. But here it's completely different; they are just hyping this, and we can't really get their intention behind that. And we witnessed that this temporary hype only benefits at that time and not for too long.