It's all our fault

By Lucasgaio | Cryptoscience | 16 May 2021


The free market, like that of cryptocurrencies, is by definition a market without oppressive rules, where you can trade freely. Usually such exchanges take place directly between the seller and the buyer, without intermediaries or external influences. It is precisely these influences that have recently been discussed a lot. In particular, I refer to a Twitter post by the famous Elon Musk, who crossed out Bitcoin from payment methods to buy Tesla cars, calling it not very eco-friendly.

hose who know Bitcoin and its technology already know that miners mostly use renewable and low-cost energy and there is little need to say about it. However, it is interesting to note how the intervention on a social network by such an influential person had such a huge impact on the price of Bitcoin. What Musk did, in fact, is called manipulation and is typical of the classic centralized market, which with its thousand rules tends to standardize and absorb any impact. In my opinion, however, whoever is to blame is not the author of the tweet but it is only our fault. We are the ones who let ourselves be frightened by what we read on social networks and on the internet in general and sell our BTC. Therefore, what you need to do is think for yourself! You must never be influenced and, above all, if you have an investment strategy, you must respect it.


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Lucasgaio
Lucasgaio Verified Member

Having survived more bear-markets than I wanted to, I'm a pharmacist who likes crypto. Follow me on X: https://twitter.com/Lucasgaio_ Follow me on DeBank: https://debank.com/profile/0x1cd7b2c89cd42580bec1844087f62060edd80d75


Cryptoscience
Cryptoscience

A blog that speaks about science, a passion that has accompanied me since I was a child. My goal is to spread scientific culture all over the world, starting with cryptocurrencies.

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