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Both SOL and DOT are doing good and these two are known to be Eth competitor in many ways than one. Now, both of these tokens are already priced good though there can still be a spacious room for more growth as time goes on. Myself I was able to buy DOT when it was just $5 and the only regret I got was not buying as much as I can (funny but true). Now with SOL, I also bought them years ago but I got tired of waiting and sold them for a loss...what a shame I am feeling right now when looking at the price of SOL (not anymore funny, right). Now, having said this, it is all up to decide whether to go for SOL or not all I can say is goodluck and more power.
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I happen to see and even interact with people who are promoting this opportunity on Facebook and frankly speaking the return rate can be so attractive but at the back of my head there is always that question whether this can be just another scammy crypto-based project with just main purpose is to make money as much as they can and when things can get rough they will just slide into another failed project leaving many "investors" behind with empty bags. Well, we really have to be careful as losing money these days can be tough, although we also have to be open to opportunities presented by cryptocurrency and DeFi.
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There is no need to picture something or someone when you are admiring another guy or another platform. I love Justin Sun and I have some TRX too somewhere - the same thing with Satoshi Nakamoto since he was the one who started this whole cryptocurrency adventure. And of course, I have some Eth too, and I admire Vitalik Buterin though I have to mention that I hate the expensive gas fees (and I am not alone with this sentiment). There is no need to choose one over the other because the more the merrier, right?
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The real truth is that Elon Musk will not be such an influential figure in cryptocurrency if we never allowed him to be. Though I do not agree with his decision to let of Bitcoin for the flimsy reason of environment concerns (this topic is hotly debated and talked in the past many years and there is the consensus that compared to other industries Bitcoin is actually doing better). His voice, ideas, opinions and speculations would not matter if there are no number of people who are subscribing to him and following his pronouncements like a Bible. Elon Musk is a self-made man, and we have to give him that credit, though it can be helping the cryptocurrency industry if he learns to slow down and maybe concentrate on his Mars project. This is just my idea and I don't have any influence on the man, either.
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Mr. Elon Musk has become like a big manipulator for Bitcoin and cryptocurrency. He must have known that up to now there are no crystal clear regulations with this industry and that is why he thinks that he can say whatever he wants to say on Twitter even if he is aware of the possible ramifications of what he is tweeting. In other industries, am sure he can't just be as careless as that as it can be against the law to influence the market price of something that is tradable. Don't get me wrong, I admire Elon but there comes a time when we know that he is already taking things to the extreme. Anyway, it is all up to us if we allow him to influence our actions and decisions or not.
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I don't understand why we are still listening to anything that is happening in China. This is a country that will use everything they can against something they don't like, and they don't care what can be as long as they can get whatever they want. Yes, I can smell the coming back of 2017 in the cryptocurrency market. Back then, China was too powerful and anything that is negative from China became the impetus for market dump. In the past, we got Jamie Dimon but in the present we got Elon Musk, with some twists. China and Elon are two factors for the decline of Bitcoin and its big dip right now.
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What we are experiencing is just a normal dip - not a crash in any way since this is not another rocket thrown by Hamas and Israel. Bitcoin has achieved its greatness not really because of a single man since Nakamoto left the scene even before Bitcoin made a big take-off. Bitcoin should not be associated with a single personality all because as human as he can be he is subject to personal change of heart and preference...this is exactly want happened in the past few days. Weeks from now, this will already be old news and Elon Musk will slowly fade on the horizon - hell he can concentrate more on his Mars project and make Dogecoin as a hobby.
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I am not against Dogecoin or any coin/token for that matter. But why should it rise be the demise of Bitcoin? Oh wait, it must be because of Mr. Elon Musk. For the past many months, the words of this man have become like a biblical quote that his followers and minions have to follow to the T. I am not against Elon Musk either, and I even admire his entrepreneurship streak -- in fact I envy his story. However, I don't think that any man or any personality should be given that power to influence Bitcoin. He is not an insider of Bitcoin. He was not there when Satoshi Nakamoto was then conceiving of the idea, and he was not there when the first purchase was made...hell he did not eat any of the pizza purchased. And he is planning to be leaving Earth soon...to Mars. Well, he can take Dogecoin to Mars if that is what he wants, I don't have any problem with that either.
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Bitcoin is known for its extreme volatility where falling 30% of its value in a single day is not really shocking. Volatility is one factor that is actually working for Bitcoin as I don't think it is what it is right now if its price is moving as lazy as the real gold. All the excitement is centered on its capacity to go up and go down in a blink of an eye. When BTC is having a dip, we should not be worrying about because if it can go low it can also go high anytime in accordance to the market sentiment. The current dip we have is centered on developments in connection with Elon Musk, a man who is actually an outsider of Bitcoin. Sadly, we are being victimized again by another personality akin to Jamie Dimon in 2017, with twists of course. Wasn't it one of the reason why Satoshi Nakamoto left Bitcoin - so that the coin will not be tagged to a certain personality?
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If you are on Twitter, tag Elon as he needs to get bombarded.
We know that Elon's narrative on Bitcoin CO2 footprint is weak, at least because Tesla knew all this before buying Bitcoin and before accepting it for car payments. So imho the fact it's an old narrative taken back up from the dusty vaults it's not of great importance. Plus, we already know that extrapolations are wrong: I fully agree with this. Elon Musk is not some sort of child that will choose a candy at a whim and seconds later will just throw the candy away. I mean he is a genius and I don't think a man of his stature will decide on anything without considering all the factors - and with Bitcoin he must have known that some people are questioning the energy involved in mining the coin. And now he is pretending to have some sort of buyer remorse, and yet he is hodling on to the Bitcoin they already have -- and it is because even if he thinks that Bitcoin is bad for the environment he is sure it is good with business and making good profits. In other words, we are witnessing a man who is a hypocrite at the very least. People who in cryptocurrency must stop following this man and must stop the kind of influence he is wearing. |
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I will not talk on any other thing except on the impression that actually Mr. Elon Musk is just pursuing his own personal and company interest when he entered the cryptocurrency scene. Of course, nobody can question the kind of influence he enjoyed that is why even a single tweet that can even be obscured at best can push a coin to the moon or as to what happened lately to the "dump" and we know it. We allow this man to do whatever he wants to and to say whatever he wants to say. However, we have to remember that Elon Musk is never the representative nor the spokesman of this expanding industry -- he is just an uninvited guest here. When things get tough and rough, I am sure he will just be doing the usual exit.
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MoneyGram is not new to cryptocurrency having been connected with Ripple and XRP before and so its new service for cryptocurrency holders is not anymore a big surprise...in fact I would consider the decision to be a little late considering that many other entities involved with money transfers are already into cryptocurrency. At any rate, this is still good news and one of the many new manifestations that we are slowly getting into mainstream adoption. Hopefully, there will be seamless integration between the world of fiat money and cryptocurrency so that funds can move freely as it should be on a global scale.
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