The coin market is riding a roller coaster in a word from Elon Musk, who has emerged as the'lord of the coin school'.
It is so volatile and frivolous in words and actions that it is difficult to find a dignity as a leader of a global high-tech company, but in the coin investment frenzy, the Corinthians are only looking at the tip of the finger pointing at Musk.
Musk walks a tightrope between the prophets who advance the future and the scammers of the Hokse Moomin, swaying the coin market.
Investors tend to hate his words and actions like a rugby ball, on the one hand, but blindly follow him like a slave on the other.
As the CEO of Tesla electric vehicle and space company SpaceX, Elon Musk is admired as a prophet who advances the future.
However, Musk's behavior to dominate the coin market away from his main job is difficult to understand with common sense, even considering he is an innovator.
When selling Tesla electric cars, they declared that they would accept bitcoin payments, exploded the market, and shortly afterward withdrew them, and sold out some of their own bitcoins with huge profits, causing a panic.
We have raised Doji Coin, which used to be'Doji Father', which was a ‘Hear and Bo-Job’ coin, as the hottest stock.
On the 8th, this year, the market cap surged more than 140 times, exceeding 90 billion dollars (100 trillion won).
Considering that the global pharmaceutical company Modena and GM, the largest automaker in the United States, had a market capitalization of around $70 billion at the time, it could be said to have caused a miracle.
It is a magic equivalent to Midas, the mythical king, made of gold in everything it touches.
In the history of speculation, there is no precedent for an individual to exert such an absolute influence on commodity prices.
Had Musk behaved like this in institutional markets such as the stock market, he would have already been in and out of jail several times due to market control.
Seoul National University professor Kwak Geum-ju, a psychologist, said, "Musk seems to be a severe hemangioma (a patient with a disease of interest)."
Interest disease is a condition in which the desire to enjoy the interests of others has reached a pathological level.
Professor Kwak said, "It seems that he is enjoying the current situation in the coin market very much," and he diagnosed that "the psychological tendency to feel alive only when someone continues to work to receive attention is a very prominent case."
Hong Ki-hoon, a professor of business administration at Hongik University, said, "Rather than trying to make money in the coin market, Musk is read with the intention of attracting issues and highlighting the image as a unique innovator that is not bound by the existing framework."
On the other hand, "the US Securities and Exchange Commission (SEC) seems to be mocking the existing regulatory system and showing off its superiority with the feeling of'I can't do anything like this'." I did it.
Some point out that it is a pseudo-religious behavior.
The pseudo-religion is said to be anti-social and unethical, has the characteristics of creating hostility toward established religions, hoping for luck and lean on fate. Is that there is room for it to be said.
Musk's whims brought the market back and forth between heaven and hell, and many investors were outraged.
They posted hashtags on Twitter with the swear words of'villain' and'lieer', boycotted Tesla, and even issued cryptocurrencies aimed blatantly at Musk.
"Musk is playing with a portfolio of investors," a group called'STOPELON', which cut down Musk as a ticker of the market, strongly accused him of being a narcissistic billionaire and always will.
But the market still follows Musk's every step of the way.
While I hate his rugby ball-like behavior, on the other hand, I look forward to the'Gospel' that will call for an instant.
Seok-jin Woo, professor of economics at Myongji University, believes this is because there is no'authority' to trust and rely on in the turbid coin market.
Professor Woo said, "Coin is a virtual asset with no intrinsic value, so somebody has to mark the future coordinates. Innovator Musk, who looks like someone from a different world, takes on that role, and investors are dependent on it mentally, whether they like it or not." .
Professor Ki-Hoon Hong said, "From the standpoint of an investor who is aiming for one shot, Musk's behavior to increase market volatility may not be hated."
Prof. Kwak Geum-ju has delved into the psychological base of coin investors.
It is said that many young people who jumped into the coin market with desperate heart fell into the'addiction of love and hate', which cannot hate Musk.
Professor Kwak called it'confrontational sentiment' or'confrontational sentiment'.
He says he hates him when he loses money because of Musk's words, but he says he hates him.
In the end, opinions are on that in order to protect investors by reducing the'musk risk' of the coin market, it is necessary to remove confusion, opacity, illegality, and illegal laws by creating market frameworks and rules.
Professor Woo said, "It is entirely the investor's responsibility to lose money and make money in coin transactions, but at least we must adjust the rules that are generally applied in the asset market to prevent illegal damage such as fraud."