In cryptocurrencies, we live in a free world. Anyone can say anything they want.  We live in a world where few countries give more freedom of speech. And, Elon Lives in one of those countries.  So, he is to a large extent free to say what he wants to say.  We as a community, the industry needs to learn how to properly respond to that.

Given that he has 57 million followers.  He does have a bit of influence.  And, I would actually hope that he really likes that he has that influence.  With that great power, he realizes that he has some influence and great responsibilities.  His tweets move markets and when that happens people get damaged.  I would recommend him to be a little more careful, but it is his freedom.  It is not me against him.  I would recommend doing that, you know it is his freedom.

“I think Elon Musk wants to be a humorous guy, but he has to realize that his tweets do have the power to move markets,” says Chang Peng Zhao.

Otherwise, a few statements made by CZ about general principles in the market:

Ideas, worthless. Execution, priceless.  Learn from your past mistakes, write it down, “panic sell is bad”. And most importantly, structure your risks so that you don’t need to do it again.

About 99% of the time, we are in a “dip”. And yet some people complain about “lack of opportunity”, “being too late”, etc.

Selling on FUD is a sure way to be poor. People keep on asking me about price predictions, and I keep explaining I can’t predict it.

The companies who can manage “tough times” with ease will be the projects that perform incredibly well once the market flips bullish again. This is a huge opportunity for those who can see past the noise of the charts and emotions.

In hard times, focus on the teams who build things other people use.  No need to worry. Some negative news often turn out to be positive in the long term. Chinese have a proverb for this. New (often better) opportunities always emerge during times of change.  If you want to achieve big things, focus on the big picture. If you want to make big money, look at the longer horizon.

Passive Income is Wonderful.  It takes multiple dips then ATH for people to believe. When they realize more and more people begin to use crypto.