RE: Graphs, Anxiety, and Flying Dogs. My First Trip into Crypto Trading World by datych

hive-185836 · @datych · May 13 '21

Yes. Probably because BTC was falling down for a long while. So Elon realised the crypto winter might come soon for BTC and changed his mind. Under the guise of concern for the environment. And it will help BTC to fall even lower.

By the way, I wholly abandoned Dogecoin at a relatively high rate.

Expectations are that alternative coins will grow soon. Including probably Dogecoin (nobody knows anything for sure). But there are many choices with fewer risks.

properties (22)

Yeah--I am not convinced that Elon truly cares about the environment. AT LEAST he claims he will not sell his bitcoin. There is serious inflation coming so any actual asset is a plus. The value of crypto assets are subjective, but they are a reasonable small investment for people who are unable to afford real estate or energy stocks.

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