I bailed out at a good time, so not mad, but the fact that one asshole can tweet and screw with millions of people's investments should be a warning sign to everyone. This is important to note and any potentially new crypto holders should be made aware.
The Fed has a problem with letting inflation rise to screw over the boomers, when it comes to crypto. I imagine all assets will be activated in order to prevent as many people from noticing how bad the inflation is at any given moment, for the next year.
Inflation proof, dividend paying equities are going to be the smart move... but that's only if you can't afford to buy land. We also have the problem of spoofed shares of digital gold.
All the young folks have an opportunity to get established if they read the tea leaves correctly. Everyone else is about to be boiled like a frog and get priced out of their own current living circumstances.
My point was that anyone mad at Musk for the price swing should ask themselves some questions...
- Are an individuals investments are their own responsibility? Who is really to blame if they are lost? (provided you haven't paid a service to invest for you)
- How stable is crypto really when it's effectively tied to the worlds reserve currency? (debt)
- Does crypto have real value in all scenarios?
I'm not an expert, but I do enjoy talking the subject out with people. I agree about the land comment. I've said many times before, "the only things with any real value in this world are community, shelter, defense and food."
If Musk was some random, eccentric billionaire who was popping off, joking around an exercising free speech; then certainly we couldn't be mad a guy for that.
However, if he is part of a greater game of economic manipulation, then we all have a bit of a problem.
I assume he made a series of backroom deals and that he made money going up and coming down.
Just because a bunch of retards make knee-jerk investment decisions doesn't mean he should be constrained in what he says or does. Is anyone paying him for crypto investing services? Probably not.
Personal responsibility cannot be sidestepped in this case.
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