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I find it crazy that people think Elon Musk is in crypto for any reason other than to undermine it. First he goes all in praising BTC, pumps the price. Then he starts to point out real problems that have existed in BTC for years, and starts fighting with maximalists which destroys the price, and now he is threatening to dump. In addition he decides to pump one of the most worthless coins out there (DOGE), one with infinite supply, no devs, and is literally a joke coin. This puts the focus on all the wrong things, and makes crypto look like a joke. One plus in all of this is that the scaling debate seems to be getting revisited which should send more people into the Bitcoin Cash ecosystem. Big blocks work, and maybe we can use this as an opportunity to educate the crypto masses. Kim Dot Com has already started chiming in on social media.
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I completely agree with your friend, this guy has come to unbalance the entire cryptographic system that was already well leveled. and he now he wants to hold a coin that is a toy, so to speak. I hope the problem is reviewed and satisfactorily. I support and bet my life on bitcoin Cash, since I started in the world of cryptocurrencies and saw the bch for the first time I completely fell in love with that currency and all my money is currently in bitcoin cash and only in that currency.
This just shows that the entire crypto market is a cassino. Elon is a narcissist and plays with the crypto market because he enjoys it. I am curious to see how low he will push the BTC price. It's funny to watch the maxis get angry and see their SoV fairy tale crumble. At some point, I'm sure Elon will leave DOGE too.