So now that bitcoin is recovering well from it's drop we can expect a bull run again.
We all know how Elon pumped and then dumped the market through his influential tweets.
This what happens when people listen to others blindly and invest.
DYOR (Do Your Own Research) is the approach that everyone should follow.
Don't panic sell. There will be many such waves and many such influential people who might try to manipulate the market again.
HODL has always proved to be strong.
Why this thread ? - It's more like a wake up call to newbies and all those who blindly follow others.
P.S : I voted for 3rd option
So glad that you put the third option there, however I am surprised that no has selected the first option which is they had to learn the hard way, we know there were many people following everything he said and there were even bots that were developed to invest in the market based on his tweets, it seems to me some people are in denial about what happened and this is dangerous as it may happen again once another charismatic institutional investor comes and they follow him blindly once again.
Well we do have one person now who learnt the hard way
. The fact is that there are still many people who still follow others blindly.
But at the same time I happy that most of the people acknowledge the fact that influence can get you wrecked.
At first place, I didn't listen to him anyway. I'm just sticking to my plans and will not listen to influencers like him.
I've seen McAfee shilling some ICO's back in the past and I ignored. We saw Elon Shit doing some manipulative things by just tweeting optimistic posts about Bitcoin and many followed him
.
I hope that those newbies who followed him and lost their money learned from this mistake that they've made. Blindly following others without having your own strategy is a deadly strategy
. Make your own strategy, hodl if you want too and DYOR like many others are saying.
I've seen many comments in twitter begging to Elon to pump the market because its obvious that they lose their money. I can't feel sorry for them for what they've done because for me, it is a lesson for them.
I am sure the old timers would definitely know what happens when such influential people shill about crypto.
We have witnessed it before and the history repeats itself with a new personality this time.
Things haven't changed much though. This is why sticking to our own research and strategy is the best way to survive in the crypto community.