Seriously the activities of this man with cryptocurrency is beginning to annoying me over the time because a lot of things he's been doing is trying to bring down one cryptocurrency for another and I don't really know what he gains from it.
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As real as it was it was always too good to be true on the on set of this I knew immediately that something was up and fishy and truly to my greatest Surprise it was.The world richest man has diversify his state of wealth by investing in bitcoin. He bought whooping crypto of $1.5billion and also pledge support for the crypto market. He said his company Tesla would soon start receiving bitcoin for the purchase of its automobile.
Now can we all say the future is brighter for Bitcoin as well as other crypto currencies?
Yea the future is brighter for bitcoin and i can even say the future of bitcoin has always been brighter but it seems bitcoin has reach it’s highest market value and it doesn’t want to go up againThe world richest man has diversify his state of wealth by investing in bitcoin. He bought whooping crypto of $1.5billion and also pledge support for the crypto market. He said his company Tesla would soon start receiving bitcoin for the purchase of its automobile.
Now can we all say the future is brighter for Bitcoin as well as other crypto currencies?
This is not the case , first the main reason that started this dip was the Elon Musk tweets on harmful nature of bitcoin mining , then followed by China track on Mining.With the looks of things, I think whale investors like Elon Musk are the reasons why we experienced serious dip because immediately they makes some profits on their investment, they will withdraw their money from such cryptocurrency which will makes the markets value to fall.
I am not only talking about bitcoins, I was referring to cryptocurrency in general that once the whale investors stop promoting or after they might have withdrawn their money the coin tends to lose value.This is not the case , first the main reason that started this dip was the Elon Musk tweets on harmful nature of bitcoin mining , then followed by China track on Mining.
Well , all the whales will not dump their coin at ones moreover people sell to make profit and buy back when the price falls to wait for another profit.I am not only talking about bitcoins, I was referring to cryptocurrency in general that once the whale investors stop promoting or after they might have withdrawn their money the coin tends to lose value.
What they does is making low investors to suffer. They will invest hugely in the coin, once the purpose of their investment has been achieved they will then dumped it. Once a big whale investor did that, others are likely to do the same.Well , all the whales will not dump their coin at ones moreover people sell to make profit and buy back when the price falls to wait for another profit.