Bitcoin doesn’t need Elon Musk or anyone else to move the market, our Negative or Positive Sentiment does.

So since yesterday when the news broke that Elon musk's company Tesla sold 75% of his Bitcoin holdings last quarter, it has been the trending topic on all social media platforms but it was worst on Twitter, where so many crypto influencers and other Twitter users that are into crypto were dragging Elon musk here and there for selling 75% of Tesla's bitcoin holdings worth $936 million. so as expected they were mixed feelings about Tesla selling off some part of its Bitcoin holdings and not Dogecoin, after the tweet made by Elon Musk something last year about Tesla being a Diamond hand 💎 🙌, for those who don't know what that means, it means that Tesla won't sell their Bitcoin of crypto holdings under the pressure of the bear market or at a loss for any reason, Diamond hands are ready to hold their coins through the crypto winter or brutal market situation, without losing their cool or selling.

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Elon Musk Doesn't Validate The Movement Of Bitcoin, We The Community Do

Which Tesla did until the second quarter of this year when they sold and nobody knew about it because they didn't make any announcement until recently, and to confirm that Bitcoin doesn't need Elon musk or any other person or celebrity to succeed or do its thing, when the news broke about the Tesla sell off the market felt the effect a bit but when people realized it didn't just happen and that it happened since the second quarter, and we are almost at the end of the first months of the third quarter and the market didn't not crash to hell as it is expected to happen when a popular figure sells their crypto holdings, despite the Tesla sell-off coupled with the prolonged bear market, the negative sentiments that were supposed to run rampage changed and the crypto market shook off the Elon and Tesla 75% sell-off effect on the market and continued with the recent pump.

If you didn't learn anything from the recent Elon Musk and Tesla saga, know this, the power to move the market is not in one person's hand but in our hands (the crypto community), our sentiments move the market. Negative sentiments lead to the market dipping and positive sentiments lead to the market pumping, simple as that.

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5 comments
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I agree. I hear people say that Elon did this or that, but others are watching and making their own trades.

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Well he did a pretty bad deal, bought a lot higher than he sold…

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Yes, he made a shitty deal but so many people took it too personally like he controls the market.

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