Hyping Saturday Night Live appearance of Elon Musk and hoping he will shill your coin is priming yourself for disaster.

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Hyping Saturday Night Live appearance of Elon Musk and hoping he will shill your coin is priming yourself for disaster.

There has been immense speculation and hype regarding the May 8th when Elon Musk is supposedly going to be on Saturday Night Live (American TV Show) and performing a skit based on a meme coin.

This has led to the hype train reaching levels never seen before. The smart money are betting on this hype while the normies are getting sucked in the hype knowingly or unknowingly.

Elon Musk may or may not even mention your precious coin,

if he does, it will pump even more transiently and I can bet that the smart money will get out before you can realise. The normies will be the ones holding the bags.

If he doesn't, it will plummet faster than you can open your exchange app. Thanks to all the high frequency trading bots ready to react to the market sentiments in nanoseconds.

This heavy reliance on a single celebrity factor is extremely detrimental to the health of cryptocurrency as a whole. If it crashes, the media will have a field day attacking the whole cryptocurrency scene citing only the meme coin and ignoring genuine projects that have use cases.

I hope I'm wrong. I don't wish it to crash because people are winning but this is genuinely unhealthy.

Edit: This is not a hate post. Just reminding you of the ground reality.

submitted by /u/ultron290196
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