We are living such a volatile market that could indicate we are still in a so early era for crypto market that we cannot be sure of the trend in this market. We are in a bull period and after few hours we could be in a bear market, just for a fact that one company (from thousands and millions others) could make an announcement and influences in this way the whole ecosystem.
It is fair?
It is normal?
In a mature market, from an actor of this dimension, no.
Photo by Valdemaras D. from Pexels
Like a jellyfish in the ocean. This should be the effect of a company's announcement who has less than 0.5% from the Bitcoin Market and less than 0.2% from the total crypto Market Cap.
But what is happening?
This single decision is strongly affecting the whole market.
And why? Because we are still weak here and any public person or a company with high awareness could create panic or happiness in seconds!
Now, Tesla announced they are stopping to accept Bitcoin as payment due to high consumption energy provoked by miners and this means the pollution and the global warming is increasing.
This is what is happening with the king of crypto because of a single announcement of a single company!And in the meantime, NANO, an non energy consumer, has grown with more than 30%!!Too bad this is only on big exchanges (I have some on Mercatox, but the price there is still low compared with Binance, Kucoin, Okex, etc) and the NANO nodes are under maintenance. So, my bad :)
