Don't Be Fooled By The Tesla Tease - Things Are Cool


Just a quick add to the Tesla bitcoin comments that seem to be dominating the crypto space at the moment. Don't Be Fooled - Propaganda is rife because propaganda is profitable to large investors and plays on the minds of the more nervous investor. The protagonists know this.

Aside from Tesla not selling his own bitcoin stock and the questionable reference to the bitcoin energy usage, it is wise to look just above where this latest shot is being fired.

Bitcoin is a recognized store of value and could well offer a higher level of value than leaving too much money in an increasingly devalued fiat currency. As this becomes more apparent to more people and influential news such as the story below filter through, bitcoin should easily bounce back up.

Moneygram to let customers buy and sell bitcoin with cash at 12k locations

News stories like the one above will have far longer and more far reaching implications for the fortunes of bitcoin than a calculated piece of gamesmanship from any veteran capitalist.

Ask yourself also "Did the Tesla board understand the energy aspect of bitcoin when asked to consider purchase of such a significant amount of it?"

Of course they did!

This alone tells you what you need to know about whether the same people consider bitcoin a decent investment and maybe Tesla could just be creating the dip needed to further enhance that investment?

It wouldn't be a shocker would it?

I think we'll see bitcoin 'bounce back' and this latest 'market tease' may also see an upturn in the value of low energy touted coins such as XRP as well as sideways moves into Ethereum and other high market cap top 10 crypto assets.

If we do, then remember that this is all driven by sentiment...just as a fair amount of investing in the crypto space has been for a good while.

Keep the faith, hold your assets...it's all part of the crypto investment game and assets like bitcoin are here for a reason not a season.

Have a great day friends!

 

Related Posts:

Be Careful Who You Talk To About Your Crypto Interests

 

Join Us On PUBLISH0x And Get Paid In Cryptocurrencies To Read And Publish Posts: Invite Link

 

 

 

 

 

How do you rate this article?


2

0

Cat And Dog Tips
Cat And Dog Tips

Tips And General Information For Dog And Cat Lovers And Professionals Working In The Pet Industry


Crypto Observations
Crypto Observations

Operated by a 'crypto-blogger' in the pet industry, CRYPTO OBSERVATIONS offers insights into collecting free crypto, profitable crypto blogging and personal observations on a wide range of crypto-related issues from a guy that does it day in day out and loves to help others on their journey. Welcome to CRYPTO OBSERVATIONS!

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.