whether Elon transacts with bitcoin is irrelevant to him benefiting from the mining energy, because the mining energy is securing Elon's stack of bitcoin curiously, he hasn't sold any
obvious price manipulation. like he or anyone in tesla didnt research bitcoin before investing millions. the SEC can't slap his hand for manipulation like his stock. i see this trend from him continuing. pretty pathetic the whole market follows his hallow words.
This kind of noise happens all of the time. I've just learned to ignore everything and wait until 100k. If I lose everything I don't care, not with crypto. BTC would have to drop to like 20k to kill me, higher than my cost average, but low enough to also lay waste to the miners I own.
This seems to be the root issue from our Lord and Savior, Elon Musk. https://arstechnica.com/tech-policy...mbie-fossil-fuel-power-plant-to-mine-bitcoin/
lol. Yeah, like the entire overbought, overpriced, underearning, "we'll have something in 3 years" sector hasn't been getting slapped down in the stock market for months.
@Commodore tribe started a war with Elon. Not looking good for Team Maxi. Shitcoins are the collateral.
Elon looks like a moron arguing with people who understand crypto far better than he does (not a defense of maxis). I wish Tesla would sell all their btc and Elon would go away from crypto for good.
This is only the second 30% drawdown this year and people are acting like the sky is falling over a week of run of the mill FUD. There was 5 30% dd during the 2017 run. BTFD.
BTC has obvious fatal flaws. Anyone acting like it's because "Elon" is fooling themselves. I would get out of BTC if it's a large part of my portfolio. I would get into Doge and other alternatives and spread out such money. - not financial advice
