The Cryptocurrency market is very volatile. Even more volatile when Elon Musk tweets.
Many amateur crypto investors don’t have much and put everything into Crypto. These investors are all in. As you can probably guess from this strategy is not going so well.
For a while, the market has been electric, and investors are ecstatic about gains. Prices kept going up, and investors were making more money in 24 hours than I had ever made in a regular job.
Then China and Elon enter the scene. Investors have lost life savings in recent moves. I guess we will see how diamond hands people are thru divorces and financial loss.