Hello fans and listeners,
I do not know how many will read this blog post. But I have an opinion on what is happening with Crypto. It is total and utter manipulation. Elon Musk is a billionaire. He is already wealthy. He wants Bitcoin for himself. What is the best way for him to buy it all up for a cheaper price? FEAR. So he goes on SNL discouraging Doge. Then he states that he will no longer be accepting Bitcoin payments due to climate change. This is total and utter Manure. For one thing, if you were a billionaire you would want to get rid of the competition. So now he is discouraging mining pools. The reason why He is doing this is because Mining pools are also manipulating Bitcoin. So the best way to get rid of Bitcoin miners is for him to get political on climate change.
Folks, it takes common sense to see the clear picture. You are not Elon Musk. Bitcoin is not Elon Musk. The mining pools are also not Bitcoin. If you want to invest in crypto, you should do so without fear. Because I got news for you, Bitcoin is not going anywhere. If you sell your Bitcoin, they will buy your Bitcoin. If you sell your Doge, they will buy your Doge. Then the rich get richer and the discouraged fearful small investor loses their money. Use common sense. Stop letting these wealthy public figures tell you how you should invest your money. It is a game. Learn how to play it.
The mining pools are not going to stop manipulating the market. Also, Elon Musk is not going to stop investing in Crypto. So why should you be left out in the cold. If the prices drop, you should buy more Crypto. When the market goes red, that is a buying opportunity. It is not a bad thing. It is a good thing. But, if you sell your Crypto due to fear, you gain nothing. Go long term when the market gets bad. Eventually the market will correct itself. HODL when the fear train comes.