People say Elon Musk is a joke, I think its funny because people are the joke if we are being real..
It was not a surprise that people gobbled up the Elon generated FUD like ice cream and went on a selling spree, even when Tesla outright stated that it wasn’t selling the Bitcoin holdings.
Bitcoin dumped from 60k to 47k and sent ripples down the spine of many, not mine though, I actually expected Elon’s Effect to have more impact on the market, I mean, as someone who’s using earth as a template for the economy in Mars, one would think the father of proof of influence should,.......have more influence!
I was hoping to gobble up some BTC flash sales at 40k, until this morning, Micheal Saylor revealed that Microstrategy had just bought $15million worth of BTC to debunk Elon’s FUD, and the pump seemed to turn itself back on, showing strong signs of a recovery......must love these markets!
MicroStrategy has purchased an additional 271 bitcoins for $15.0 million in cash at an average price of ~$55,387 per #bitcoin,” tweeted the CEO of the cloud computing firm yesterday.
source
Apparently while both maybe billionaires, it seems to be that one is more enlightened than the other. Going through the thread in the link below it is obvious that Michael Saylor really does understand Bitcoin...
Micheal Saylor tweeted his opinion about how Bitcoin serves the environment rather than damage it and trust me everyone should have a read.
https://twitter.com/michael_saylor/status/1392904263123283975?s=21
- michael_saylor
When Elon said he was investing in Bitcoin earlier this year and the price of Bitcoin pumped, people were quick to cheer the guy and call him a futuristic genius, lol, but the moment he changed his stance everyone wants to boot him, I blame nobody but the sheeples....those without the ability to think for themselves....
Elon says this, they rush to it, Elon says that, they rush to it with no thought whatsoever, and Elon is the joke? People who don’t take responsibility for their actions are the jokes, the sheeples....
While most of the cryptosphere was hit by the FUD, some coins didn’t even flinch, Cardano made new highs at $1.9, $Dot also got some pump action and $Rune bounced back to $18 before anyone could blink, it was also a good time to pick up some cheap BNB below $600, all In all, there was a lot of coins on sale,....people who identified the dip and added to their positions are the winners for the day, and those who never sold.
What’s the first rule in crypto? Do your own research, don’t be sheeple...
Thanks for reading,....