Bitcoin Goes Down From a Celebrity

[SFR10]

Just proves how people are not able to think for themselves.

Exactly... Unfortunately, most of them are after an easy route to success and it usually ends badly.

Why do people have to consider words from a celebrity to be correct?

Because they only see one of their sides; The side that represents success ^{[regardless of its origin]} as opposed to the other side that is nothing but failure.

Why would anyone invest lots of money into a project that is quite obvious has no involvement by any people? Referring to Dogecoin and people who invested into it.

Probably it has to do with heavily relying on whatever the hype and the trends are about and as a result, they tend to completely ignore the obvious signs.

What are your thought on this?

The current situation isn't that promising, but as time passes, they'll realize & learn from their mistakes.

[Yatsan]

It is the downside of relying into someone we think that is superior over us and letting them run into our minds and seems to make us follow whatever they said because of the fact that they are influential to think that what they do, what they say and we obey those can put us into better place. This is not just a blame for Elon Musk but for the people as well who take part of the movement because although it can be possible for him to manipulate the market, people have given him more strength hyping up Bitcoin and after a couple of months changing his stand leaving those who follows him in air float. This must come into realization that it is just fine to follow influential people but still decision must be up into you and do not just get along with the trend. Think of it as well.