We are living such a volatile market that could indicate we are still in a so early era for crypto market that we cannot be sure of the trend in this market. We are in a bull period and after few hours we could be in a bear market, just for a fact that one company (from thousands and millions others) could make an announcement and influences in this way the whole ecosystem.
It is fair?
It is normal?
In a mature market, from an actor of this dimension, no.
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Like a turtle in the ocean. This should be the effect of a company's announcement who has less than 0.5% from the Bitcoin Market and less than 0.2% from the total crypto Market Cap.
But what is happening?
This single decision is stronlgy affecting the whole market.
And why? Because we are still weak here and any public person or big company could turn the market sentiment upside down. Tesla was one of the biggest and most well know companies who accepted a crypto currency as a payment and the hopes of getting new adopters were high.
But it seems something was turning bad for Elon and he needed to reconsider his decision. Maybe is based of his carbon credits that Tesla receives for it's electric cars.
Maybe is for recovering the PR score because many people is accusing them for stimulating global warming and energy waste caused by BTC mining. I don't know now, but what is sure is they made more bad then good for the crypto market in this moment. A person you didn't marry could have a second chance other time, but one you took it and after that you leave it, is in a worse position.
Look how a single company could affect the king of crypto world!
This shows how weak we are and how long is until we will grow enough to step forward despite this kind of announcements.
Crypto market is an enthusiast one, a modern Wild West where the most powerful is the most informed and the quickest in the market. Here, even small investors could become millionaires if they have the guts to buy something (even without solid fundamentals) and stay until the moon. Is not easy, you need to have strong hands and mind and remain on your proposed target.
Like somebody was posting on Twitter, there are 15 years old persons who invested in coins like Safemoon, Shiba or Akita and now they are richer than many of the rest. How is this possible?
Never mind!
It's happening in the real world also. It's true, not so often, but it's happening.
Keep continuing to stick to the plan, but adapt to the new times and allocate a small portion of your budget to this complete shitcoins.
We had bad luck this time. Too much knowledge made us be careful while others became millionaires. That's it. It could be a failure. And maybe it will, but until then, some of this no brain investors took advantage of it.
Let's concentrate on the market. Like I said, we are young. Still too young to compete with the real world, so we shouldn't be worried when we receive some uppercuts and we fall. We need to take a deep breath (or two) and get back again. We need to continue decentralization, transfer the most important operations to green "mining" (like Staking or using DAG technology - look what is happening with NANO after the Tesla announcement).
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