Here’s one little piece of advice; step away from crypto Twitter…a bit.
Don’t get it twisted, Twitter is like the most active media for cryptocurrency enthusiasts; well, pretty much everything is reasonable these days. Well-marketed enthusiasts manage to gain enormous followership on the blue-themed social media application. From enthusiasts or contributors to ‘influencers’. Yeah; influencers in the real sense, meme tokens gain thousands of members and investors by simply getting these ‘famous’ contributors to make single or regular tweets about them. This goes a long way to show just how influential these ‘big’ crypto accounts could be.

“Bitcoin will go to $100,000 before EOY screenshot this!” no, not this article! Not sure I did screenshot any of such tweets, I really should have…many of them get deleted a few days later. Can’t say why these tweets disappear; twitter’s algorithm puts out tweets from time to time for different reasons; making wrong predictions aren’t one of them, luckily. Influencers whose predictions fail to go the way they claimed would swiftly delete them before followers come back to them. The internet has a very short memory anyways.

Influencers predict heaven and doom, sometimes in quick succession. 5% up and the bearish speculators chicken out while the bullish speculators run the day. Posting ridiculous price targets, (like SHIB to $0.1) these optimistic influencers win the heart of expectant holders with estimations of how much their holdings could be worth in a short while. The ‘Lambo’ army certainly loves this set of influencers while the others get the heat for their predictions. 5% down and the reverse becomes the case, bullish predictions suddenly disappear while the bears surface again and spread fear across the whole space.

These actions are worth more than appear to be, they contribute tangibly to cryptocurrency’s dreaded volatility. cryptocurrency prices effortlessly responds to news and events that affects the whole space, regardless of the authenticity! Influencers and popular traders wield relative influence on price movements.

Blockchain technology, despite reaching convincing levels in efficiency and adoption is still an emerging system. While many enthusiasts have tuned evangelists, there are still few staunch believers who sincerely hold on to their investments during turbulent times. Most traders and holders react abruptly to news and this contribute to the volatility which characterizes cryptocurrency.

While these meddle with the price of cryptocurrencies and the attitude of holders and traders, cryptocurrency itself is FINE. Bearish talks or bullish talks, blockchain blocks keep getting confirmed as transactions continue to run regardless of whatever the investors and influencers do with their resources.

Regulatory bans, institutional mishaps end of the bull cycle, the start of the bear cycle, end of year predictions…these talks only do enough to keep the cryptocurrency communities engaged and as well keep the exchanges busy, a very important role to be fair, but in essence, cryptocurrency is fine. The world is fast embracing these solutions regardless of how the space is ran over by a select few.

The pumps and dumps come and go, but organic growth continues after that. These growths are fueled by people realizing just how important decentralized solutions could be in the not-very-far future. Blowing up every single piece of news (positive and negative ones alike) has helped in the ‘price game’ but on the other side of these things, cryptocurrency continues its journey to global domination.

Wider adoption and use will eventually mitigate the extent to which these influenced actions control things in the crypto space, especially where it concerns price. FUDs and Bloated information could make or mar a cryptocurrency project or idea. Influencers are at the helm of these events. It’s tough to get everyone to use their influence correctly, but it is these differences that make things even more exciting!

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