Something happened real quick at about 4:30pm west African Time, the crypto markets blacked out and everything tanked for a minute, then some shilled projects slowly sparked back to life while others remain depressed. In times like this so many investors panic, not sure if I should even call them investors because growing anxious when signals glow red is out of place. I think we should have expected this Dumping wave as though markets were being manipulated in the last 48hrs. Crypto has a life-line, a support bottom and if it tanks below it then it's all up to your prayers for a revival, maybe hopefully a whale will bring in some green light and put off the red candles, only then will the community bounce back bullishly and prices will resume appreciative forms.
Honestly, Crypto is much safer in terms of volatility rate, that is in relation to the stock market. If a stock tanks, you can as well kiss your money bye bye, but in Crypto there's often a bounce back if there's a good community backing that project - fact.
Who are the Bears? - we are! Who are the bulls - we are!
It is obviously the same set of humans influencing the crypto markets and that is us all. The power the whales possess is not so strong compared to a full community, people hide their riches and diamond hands until they see gold peg to a kite on the sky. The community has much more power than a billion dollar whale buying shit at a spot - no kidding. If you can recall what happened when Bitcoin dropped in mid January and micro microstrategy pushed millions into Bitcoin at a spot, it barely moved the market up, am I wrong? No… But what happened when Tesla announced their Bitcoin possession? it bought more eyes as though Tesla products are the frenzies lately, a bigger crowd - in other words community investors locked in, so did you and I, we saw the plunge and decided to unzip our banks so as to catch the wave, the community is stronger!
This is a 12hrs chart that records exactly what happened. At around 11 - 12pm west African Time, the Bitcoin market was a hit, am certain we all were anticipating the $50k milestone, it was almost done as though we were already sitting on $47k but what happened all the sudden?
Obviously people trust Bitcoin more than they dig Doge, but I believe you'd agree with me that this brought on a diverted attention. As though it is the same people pumping a coin, if they sleep off value would certainly tank. This tweet is about 2 - 3hrs old, right when we spiked high then dumped hard. Elon has been going head over hills to get Doge to 1$, his plain motive is to enrich the poor ones again I believe, Doge at $1 would be free money obviously.
The pump and dumb activities are on going in Crypto markets so you should be careful and study a project chart carefully. People obviously blacked out on BTC to catch the Doge wave, these days Elon has only been emptily Shilling Doge, the world was basically waiting for an official announcement of the meme crypto possession by him, that happened today and diverted many investors to the Doge wind, everybody wants the money. I may be wrong though and there might be some other reasons, but I was at the market looking for dips of good projects when I noticed the sudden tank on Ethereum, going from $1.8k to $1.6k wasn't a joke obviously. Heading back I discovered the king had fallen and pulled every crypto with it, except Doge at that 1 minute moment! Only Doge was unaffected, rather it plunged up +0.8% as a recovery from the 24hrs Shaddy market activities.
You heard it here first. The tank is obviously temporal, maybe there wouldn't be a big spike on the Bitcoin angle as though it's altseason hour running in, but still, it's a Delusional market period, there's no such thing as sell now and buy back at a bigger dip, dumps don't alert anyone when it's done and ready to set the project free for a sky ride. The volatility and strength of projects is being tested now, what's best to do is get to the markets and see what is holding off this tank better, the stronger the support, the most promising pump to expect once markets bounce back. I've honestly been watching a few projects and surprisingly they are holding off the tank pretty well, which means altseason would likely be fire!
Panic selling is not advisable, if you're such a panic soul then you may as well anticipate a lot of losses as crypto plays fool on Greedy and panic sellers. The tank is a test, the bull run will be bigger - but nevertheless, not a financial advice.
Thank you once again for giving me your attention, hope you enjoyed this piece, any contributions or suggestions? Do feel free to share via comments, thanks again.
Keep soaring
