Standard ups and downs in Crypto? Or something else?

Hi all,

if you are for a while in the crypto market, those dumps like yesterday are somewhat known and are not as impressive as they may seem from the outside. The thing is, at least for me, there is always a but in the back of my head asking things like "But what happens when China really starts to be serious on banning cryptos", "Is this may the first bell that tells of an impending doom in the crypto market?".

Or is it going to be just like all the last times when things like this happened, a few days or weeks later the normal and much smaller ups and downs commence and in general the return on invest keeps the way it was before?

I think we have seen a lot of random movement from Elon Musk within the last weeks, creating massive ups and downs in coins that followed no real goals except to be a joke and other coins that wanted to be treated more seriously in the first place. Obviously, it does not matter what the creator of a coin intends to do with it, it much more matters what the community or people of special interest are wanting to achieve. As to the goals of Elon Musk sadly I am no wiser than before, he seems utterly bright in one moment and in the next, well I think you have seen it all in the past weeks...

Pure random movement? Or is a bigger plan behind all that?

What do you think is now going to happen? Are we seeing more of the same? Or is there a real change coming along the way?

I personally think that these actions from yesterday are more or less normal ( at least in the crypto market ) and therefore am not really taking this too seriously.
Nevertheless, please, do not invest money into the crypto market that you are not ready and able to lose. I know this has been said over and over again, but it is simply a fact that this market behaves differently than others, and the money that you worked hard for can be gone in a few hours completely.

Kind regards

Jan

ps. what do you think? is a bigger game plan behind all the actions Elon Musk did in the last weeks and months?

Posted Using LeoFinance ^Beta