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The Crypto Drama

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@mrnightmare89
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I'm not a crypto expert or what you call a crypto specialist. I'm not I admit that but there's one thing I'm sure of. The rich people are the dominant players in crypto. I got that idea because it's similar to what happened to the price of the hive some time ago. The rich that bought larger numbers of a certain coin can manipulate the price. If that rich will keep on dumping just to ruin it. It can possibly happen because it's up to him if he will sell it at a lower price. When the market will detect how much amount is the majority. There's a winner already because rich people can do it.

What about this thought about crypto is dead? I saw some tweets and posts on different social media platforms. Let's do some recap first before continuing. Did you remember how Bitcoin flew like a rocket back then? Well, Tesla is the one influencer who made it happen. But remember that my knowledge about this is limited. Maybe some were being miscalculated or ignored. You can tell me if you know anything more. I will be glad to add more information about it. Anyway, let's go back to this Tesla.

3 months ago there was a tweet that Tesla bought 1.5 billion Bitcoin and plans to accept it as payment. Of course, Tesla made a big impact on the blockchain. Tesla is a big company after all. You can learn why they made such an impact after their first announcement by reading it here

Now, all of a sudden Tesla made an announcement again. This time it was a negative effect of Bitcoin. You can read the full story here. Just imagine how much the effect if a large company does its thing. They have a large amount of investment. If that investment will be lost in the market. It means the value in the market will be affected as well. But that's not just it. There's still another reason why it will be affected.

When Tesla announced that they will now be accepting Bitcoin as payments. The demands of Bitcoin will get high. Just like buying something. The higher its demand, the higher it will be the price. I don't know but I'm still wondering why it turned out like that. Nothing has changed after all. As we all know, the businessmen played the consumers. So it's clearer now why Bitcoin went to the moon after the first announcement by Tesla. When it went down the value of Bitcoin more. Perhaps Tesla has something to do with it again. What to expect, this world is being ruled with greed.

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THOUGHTS

To tell you the truth I smell something fishy about this. I'm not buying their announcement. I may not be an expert about this but this kind of behaviour is not new to me. This kind of drama happened already everywhere. This is just my opinion so you all have yours as well. It's up to you if you think my opinion is true or not.

I have this kind of opinion based on the process of crypto. Someone will make a certain coin lower its value. That someone will keep on buying and will make that value higher. This is a way of business in blockchain after all. Only those who can HODL will be victorious. That's why for those who own Bitcoin. I think you should just sit back and relax first for now. The potential of crypto was being lit already. There's no way that the value will get lower and lower.

Thank you for reading

d' dreamboy, @mrnightmare89

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