Its Ridiculous how the Market Reacts bearish to Elon Musk’s Opinion but not Bullish when he offers Solutions

almost 3 years ago

I have noticed that for a while now, that a sensitive negative opinion about crypto given by Elon Musk makes the crypto universe tumbles. It only takes one tweet from Elon musk and the market is crashing. This has been going on for a while with both bitcoin and Dogecoin.

Don’t get me wrong, his positive opinions makes the crypto go bullish but not as the negative ones do. When Elon musk gives an unfavorable opinion about crypto, the prices of coins starts dropping massive sly. But when he gives positive opinions about crypto, the prices of coins don’t go bullish massively. They go bullish but slowly.

Take for instance he tweeted about Tesla not accepting bitcoin as a means of payment because of the environmental impact, through that week the market cap was dropping by billions of dollars.

But he tweeted this about bitcoin and the price of bitcoin went as if he didn’t tweet anything. There was no massive pump whatsoever.

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almost 3 years ago

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