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June 11, 2021, 07:15:44 AM |
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Honestly speaking, Elon's remarks about bitcoin wouldn't affect the market that much if only newbies will learn to ignore his tweets and do real technical analysis. Elon is obviously trying to put the market wrapped around his fingers. He wanted to gain wealth by using his popularity.
One of the mistakes usually beginners do is that they tend to value others opinion rather than working on their own. Hence, a lot are losing than gaining because they mostly follow the gossips and hype. As an investor/trader, we shall not rely our decision making to other people's financial advice most especially if it involves large amount of money. Unless of course that certain person you'll follow is a professional and you've done your part researching what would happen if things don't go the way you planned it.
We have a brain for a reason. Let's use it.
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