I'm sure everyone has noticed the infamous tweet by Elon Musk that probably caused BTC to dive all the way to $49.7k as we speak. That's right, BTC is down 12% compared to 24 hours ago, and looks like there's more to come, as the markets keep bleeding value. Elon is cool and all, but tweets like this one serve as evidence that he is not exactly what you would call a crypto expert. Time to stop paying attention to whatever this man has to say in regard to the crypto space.
As if using his huge platform to shill DOGE wasn't bad enough for the space, this time around he decided to take things to the next level. Maybe he is trying to completely destroy the industry? Only God knows what goes on between this man's ears.
Keep in mind that he is a billionaire or trillionaire or whatever. Solving problems is a noble cause, but not everyone out there is looking to save the world. Investors only care about gains, and that's all she wrote. To be honest, I'm not mad at Elon Musk; I'm just pissed off with the crypto community that obviously hasn't matured yet. A tweet by someone who has millions of followers talking nonsense (energy/transaction??? - wtf) is more than enough to remove 200 billion from the total cryptocurrency market capitalization in less than 24 hours.
Not exactly what you would call a mature industry, and this goes to show that we are still in the early stages of the crypto game. As 
Thankfully, Michael Saylor came by and dropped a few lines that make Elon's initial tweet seem irrelevant, but who cares, right? Elon this, Elon that.
I'm not here to judge Elon Musk or anyone else, just pointing out the obvious: the game is still in its infancy stage. Hype beats development, Tweets by influential individuals are way more powerful than AMAs and press conferences held by dev teams, and price action matters a lot more than the basic principles behind a blockchain-based product. We still have a long way to go, and if you're in for the long haul, that's great news for you.
It's infuriating that people like Elon Musk can manipulate the market just by clicking a few buttons and posting on Twitter, but maybe this time around it will serve as a lesson to all those who keep waiting for his tweets in order to choose what to do with their hard-earned funds. Who knows, maybe in a few weeks he will start shilling BTC again, after he buys back in at a much lower level than he chose to exit after his previous move.
He will suddenly realize how wrong he was and stuff, and his enthusiasm will be too much to handle and not go public on Twitter about it. My crystal ball has been proven to work. Let's talk about this again in a month from now.
Alright guys, that's it for now. Thank you for taking the time to read these lines.
Just my two cents. This is by no means financial advice. Just sharing my personal views and experiences. Please do not take my word for your investment choices, and always do your own research.
Stay safe and have a good one,
