Economical Politics by an insane guy is the reason for this crash!

[2double0]

https://www.twitter.com/PeterMcCormack/status/1393971202738302986



What's the level of trolls in front of these two, and specially Elon Musk?


https://www.twitter.com/CryptoWhale/status/1393981793813078017




https://www.twitter.com/michael_saylor/status/1393960667372310535



All of these are examples which show how an insane guy's personal revenge on a whole community could lead to unexpected losses. I want to ask those institutions' lovers, do you still want them in crypto? Do you want them to make crypto their hedge all their losses and when they will take out their profits, everyone in crypto will lose? Isn't everything in crypto getting under their control, which means it is being centralized?

Anyway I thank Elon as he is selling all his $1.5 billion worth btc in the markets causing this correction, thanks to him we will be buying his btc more cheaper.

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[bitmover]

Elon Musk is Just a business man

He wants to get more carbon credits from Biden administration.  This is why he is bashing bitcoin publicly

Take a look

https://www.bloomberg.com/news/articles/2021-01-27/tesla-credit-revenue-may-rise-to-2-billion-credit-suisse-says

Regulatory credit revenue probably will rise to $2 billion from about $1.4 billion in 2020, analyst Dan Levy predicted in a note previewing Tesla’s quarterly earnings Wednesday. He wrote that his estimate for 2021 is higher than consensus of $1.3 billion.
 

Governments do not like bitcoin, and I doubt we will see too many libertarians who support btc in Biden administration . Bashing bitcoin will help him get that money he wants.

[uneng]

All of these are examples which show how an insane guy's personal revenge on a whole community could lead to unexpected losses. I want to ask those institutions' lovers, do you still want them in crypto? Do you want them to make crypto their hedge all their losses and when they will take out their profits, everyone in crypto will lose? Isn't everything in crypto getting under their control, which means it is being centralized?

You have answered you own question:

Anyway I thank Elon as he is selling all his $1.5 billion worth btc in the markets causing this correction, thanks to him we will be buying his btc more cheaper.

I think we have only to thanks mr. Elon Musk and his *cattle herd* (insane followers) for a new opportunity to buy cheaper bitcoins they gave us. And I hope more of those institutional investors come in to play with crypto market's prices again, because in the end there will be always less coins on their hands and more cheap bitcoins for everyone else.

[2double0]

I think we have only to thanks mr. Elon Musk and his *cattle herd* (insane followers) for a new opportunity to buy cheaper bitcoins they gave us. And I hope more of those institutional investors come in to play with crypto market's prices again, because in the end there will be always less coins on their hands and more cheap bitcoins for everyone else.

Institutions are already taking a move now as they wanted a cheaper btc. I don't know where this bang bang will stop but I am sure I will be having so many opportunities to fill my bags with some good choices instead of looking for btc and eth, they are very risky and I think I should now move my holdings to some better coins which may not damage my portfolio the way this btc and eth did.

[Coyster]

I want to ask those institutions' lovers, do you still want them in crypto? Do you want them to make crypto their hedge all their losses and when they will take out their profits, everyone in crypto will lose? Isn't everything in crypto getting under their control, which means it is being centralized?

I don't see any problems whatsoever with institutional Investors, neither is the network being centralized/controlled due to their influx into it; they are investors just like every other ones (just that they buy in larger quantities), thus they can buy and sell when they choose to, they do not control the market, there could be a little dip if they dump a large amount, but it is what it is, the correction that'll arise as a result of that will only be temporary, and the price will with time spike again.

Having said that, I believe institutional investors have a big role to play in Bitcoin networks rise to mainstream adoption, and the thing is even if some corporations pull out, others will join the network, the interest amongst institutional investors is already present, thus it's going to keep alluring more and more of them, notwithstanding how many others get disinterested.

[batang_bitcoin]

Whether we like them or not to be in crypto, no one can stop them from being in here. It's a very free market and they've seen opportunities that can made from here. And for Elon, that attitude isn't new to us. We saw it from those bitcoin haters like Jamie Dimon and then started to like it and then change again from disliking it. I think that strategy has been formed long time ago and we mustn't been surprise if they're going against to the likes of us because they have to sell and profit which is a norm in having a business mindset.

[uneng]

I think we have only to thanks mr. Elon Musk and his *cattle herd* (insane followers) for a new opportunity to buy cheaper bitcoins they gave us. And I hope more of those institutional investors come in to play with crypto market's prices again, because in the end there will be always less coins on their hands and more cheap bitcoins for everyone else.

Institutions are already taking a move now as they wanted a cheaper btc. I don't know where this bang bang will stop but I am sure I will be having so many opportunities to fill my bags with some good choices instead of looking for btc and eth, they are very risky and I think I should now move my holdings to some better coins which may not damage my portfolio the way this btc and eth did.

My friend, I think nothing changed. Bitcoin isn't the most profitable currency these days in terms of percentage gains, but it is still the most trustful and safest crypto currency investment. I suspect many alt developers and big investors want people to really think bitcoin is slowly losing its status and fading out from the market, so their personal projects can be boosted, but meanwhile they are the ones going to buy the bitcoins dropped for sell.
Look at Elon Musk: he dumped bitcoin and keeps shilling for dogecoin, but don't forget 90% of his btc investment is still intact. He is surely holding for the future, while another investors sell their coins desperately. And who do you think is going to buy these coins soon?

[cabron]

Elon will really go mad like John McAfee when people shout boo every time he is interviewed. He likes to be in the media all the time, getting booed will likely be the best response to him and he will turn mad like Mcafee. 

There is nothing we can do if he sells his BTC though, and it's his freedom to do so. But once he does this and gets to be on the bitcoin side once again, he should expect anything again.

[mu_enrico]

What he did was unethical since he actually bought BTC and act as pumper, so there is a strong probability the SEC will fine him. Anyway, we don't need to worry since Bitcoin is bigger than any individual, and his holding is actually not that huge. If he dumps his BTC, we will recover.

Not sure why we "worship" institution since they are motivated by profits. It means their profits = our losses if we assume zero sum game.

[davis196]

We all want the Bitcoin price to hit the moon,but we don't want all the crypto whales,who can help for pushing the Bitcoin price to the moon.This is a great dilemma.
Elon Musk is a government supported businessman.Without regulatory credits(basically government support) his company would have bankrupted years ago.His other company-SpaceX is basically selling products and services to a government agency(NASA).
Basically,Elon Musk can't exist without the US government.
He is the biggest oligarch in the world.Even Russian oligarchs can't compare with him.

[Kong Hey Pakboy]

Whether we like them or not to be in crypto, no one can stop them from being in here. It's a very free market and they've seen opportunities that can made from here. And for Elon, that attitude isn't new to us. We saw it from those bitcoin haters like Jamie Dimon and then started to like it and then change again from disliking it. I think that strategy has been formed long time ago and we mustn't been surprise if they're going against to the likes of us because they have to sell and profit which is a norm in having a business mindset.

You are right but the problem with this people is that they think that Elon is bitcoin's savior that they go apeshit when he does this tweets that doesn't warrant any overreaction but people still go apeshit no matter because bitcoin has gone down. How long does it take for these kinds of people to realize that no matter how someone loves bitcoin, we should always remember that they will go for their own interests first before someone else who they don't even know exists.

[Wexnident]

Let him dump his coins. Not like it matters, Bitcoin lived for a decade without him, I'm pretty sure we can last longer than that. Heck I'd actually be glad if left the community for good. That means most of those who entered influenced by him would also stop influencing the market, making us, well, basically free. Not that he was much of a cage ofc, but heck as someone in front of the social media, his influence IS pretty huge whether we like it or not, though that's just solely based on influence.

[Anonylz]

About time btc holders stop paying attention to trolls and decide what they really want out of btc, Elon and his co trolls are just a tiny percent of btc investors, the btc community should recognise this and stand their ground on their decission to hodl instead of panic selling and giving this trolls the satisfaction, btc has survived worst than this and will continue to do so. good riddance to bad rubbish 

[Hydrogen]

I seem to remember Peter McCormack posting anti crypto content on social media in the past. He's no defender or supporter of cryptocurrencies. That twitter exchange between Elon Musk and Peter McCormack looks possibly staged or scripted. If only due to McCormack acting out of character, voicing a stance completely opposite and contrary to his normal content.

Peter McCormack never posts legit content, facts or truth. He's more like an financial industry mouthpiece and sellout as far as I know. He's the type of guy to say bitcoin cash is better than bitcoin core if someone will pay him $5 dollars for it.

I hope people realize how sketchy and suspicious many elements of this are.

[Sterbens]

and this news will soon become a hot topic on CNBC, BBC, and several channels that frequently criticize the risks of investing in Bitcoin. We don't care because it's about time Bitcoin gave us enough room to buy cheaply. no Bitcoin damage. everything is in correction and it makes us buy more. But on the other hand, there are some people who queue at high prices. is a test as a form of training to become a long time holder.

[bosede1]

I won't be on the critics side about these investors into bitcoin and the negative effect it will have on Bitcoin. The campaign and popular recognition these people are giving to bitcoin cannot be over-emphasized but because of the love for more profit and other relative conditions make them wants to sell, possibly these will give room for people who will buy their dumped coin chances while we continue from there.

[palle11]

possibly these will give room for people who will buy their dumped coin chances while we continue from there.

It is all about business for the big guys and how much profit was made at every episode of dreamer, just like the one playing out with Elon musk after he is tweeting negative and dumping bitcoin. Surely he is going to buy back at the deep and that is the game to profit in the world of the whales. Who knows the coin Elon musk is going to push now, whether dogecoin . McAfee has come and we are in the world of Musk

[BrewMaster]

why do people ONLY blame him? you should all blame the idiots who follow him. he is just a business man who has seen a perfect opportunity to make profit. a lot of others have done the same thing in the past history. take a couple of years ago when someone who most people hadn't even heard of called McAfee started abusing the social media to scam people with his pump and dumps. all those idiots who lost money in those shitcoins are to blame too. double the blame if they both lost money to that pump and dumper and lost money to this new pump and dumper called Musk.

the reason for the crash is existence of sheep in this market. we get rid of them every now and then when they panic sell and get out but they keep coming back.

[RealMalatesta]

Anyway I thank Elon as he is selling all his $1.5 billion worth btc in the markets causing this correction, thanks to him we will be buying his btc more cheaper.

People who still think that Elon is doing this for money have no idea how human brain works. Elon is a high end narcissistic person who never had to deal with anyone else because he was born rich and then struck gold with paypal, after that he wanted to do something that helps the world and get him a lot of love so he hired people and then used all of his money (and others money) to keep that love coming. Nothing he does is "just business", dude has all of Tesla patents open source so that others can build cars from his patents, you can literally create one to one exact copy of tesla cars using those patents with a few changes and have your brand new car, which nearly all other auto makers do use but deny using.

The only thing he cares about is to have power over something and be loved for it, that's it, if people love him then it is good enough for him, it is not money, it is not richness, it is not even everyday life changing, as long as he is loved and powerful that's enough for him.

[batang_bitcoin]

Whether we like them or not to be in crypto, no one can stop them from being in here. It's a very free market and they've seen opportunities that can made from here. And for Elon, that attitude isn't new to us. We saw it from those bitcoin haters like Jamie Dimon and then started to like it and then change again from disliking it. I think that strategy has been formed long time ago and we mustn't been surprise if they're going against to the likes of us because they have to sell and profit which is a norm in having a business mindset.

You are right but the problem with this people is that they think that Elon is bitcoin's savior that they go apeshit when he does this tweets that doesn't warrant any overreaction but people still go apeshit no matter because bitcoin has gone down. How long does it take for these kinds of people to realize that no matter how someone loves bitcoin, we should always remember that they will go for their own interests first before someone else who they don't even know exists.

They are the one who thinks that Elon is the savior. But not everyone of us thinks just like how they think of it. You are right, someone who stands with the influence will always protect their own interest first before anyone else. That's all what matters to them and people are forgetting about that because they're in FOMO mode. When someone is in that mode, they're going to forget the real intention of that person and even without them, the market will move on no matter what happens.