Most of the crypto participants are plain stupid. I've said that before and will do it again. Cryptocurrencies are seen by the majority of us as getting rich quick schemes, as mere casinos and rarely do they look pass the volatile side of such assets/currencies.
Such personalities are also easily to manipulate and that's why Bitconnect has had billions poured onto it by dumb investors, that's why newcomers are rather buying DOGE and SHIB rather than Bitcoin, Ethereum or Monero.
Most of the ones mentioned above will get rekt and loose a lot of money in crypto imo. Without even knowing they're going to become collateral victims and serve as soldiers on a battle field. The current battle seems to be fueled by the green man, Elon Musk and long term hodlers that refuse to pay any attention to his FUD.
For the moment Elon Musk is quite influential on twitter and a tweet from this maniac can really boost the price of Bitcoin or crash it. Over time his influence will fade away as the plebs will start realizing what a clown he really is. Some might say he's not actually a clown as he's made a lot of money and still doing it, but...
That's where the problem lies with such a person in crypto. Having that much influence and playing it for your own interest not giving a fuck about others and drowning their bags is not nice. "Shame on you if you fool me once, shame on me if you fool me twice"...
I bet some of us will be fooled a couple of times more by this so called attention whore. I've called him an attention whore back when he has tweeted about Bitcoin mining being a threat for the environment and I'm doing it once again because it's obvious he's feeding himself with attention he gets from his followers.
Whether he's actually trading the market and got the taste for market manipulation is out of my knowledge, as I don't have access to his portfolio, but at least one thing is sure: he's sick about his twitter account and the ones reacting to his tweets as in the case of today are plain stupid.
How the fuck can you decide your portfolio's fate based on a broken heart tweet posted by a maniac like Elon? This man can't even articulate words correctly in his own damn native language, changes his mood and attitude so fast and clearly playing with the Bitcoin market.
Looks like some are not paying attention to such metrics and proof of that is the sell pressure on Bitcoin registered in the past few hours. I said it a few days ago and will say it again: I haven't capitulated, my portfolio is intact and it will stay as such for at least a couple of months. I don't believe this bull market is over and I also think this might be the worst time to sell.
Throughout the history of Bitcoin, it has always peaked in a bull market at levels considerably higher than the ones reached the previous one, why would this time be different... Because Elon tweets and considers himself a blockchain and crypto expert? I don't think so...
He's lame as the ones reacting to this man's tweets. Such investors don't even deserve to make a buck this bull market and I'll happily sell them the top in a few months from now, because we will have proper bull market top in the not so distant future. You can bet on that. Meanwhile, ignore the FUD and the clown creating it...
Thanks for attention,
Adrian
