011 - The Vitalik Buterin Conspiracy

Cryptocurrency is all over the news and the first name that appears in our mind as and when we hear crypto is Bitcoin and Ethereum. Especially Ethereum because a few months back Ethereum as it's the second most major cryptocurrency and the most popular one after Bitcoin. Ethereum price went mooning a few months back and it still holds a major potential to be scaled up and used world wide in major smart contracts applications.

We all know about Ethereum's popularity and market capitalisation and dominance. Now let's spread some light on its founder and creator, Mr. Vitalik Buterin. Ethereum was proposed by Buterin in 2013. Mr. Buterin is a 23 years old cryptocurrency programmer and researcher. In July-August 2014, Ethereum project had received massive response in it's crowd funding and system went live on July 2015.

Within 6 months, project received a positve response by investors and traders also Ethereum price shoot up after that until last month. I am sure it's only a temporary setback and it'll get over soon enough.
But there was a news highlight a month back which actually became a reason of a major loss to Ethereum investors of about $4 Billion and it isn't a small amount of money to lose in a single day on a single Cryptocurrency.

The news which led to this disaster was Mr. Vitalik Buterin's Death in an accident.

The Conspiracy Behind Vitalik Buterin's Death Hoax Or Does It Hide Something We Couldn't See?

So, a news flashed on Social media on 25th June and all of a sudden the Ethereum Price which was mooning right then, fell on the ground, giving almost $4 Billion loss to the Ethereum investor and traders. The news was, Vitalik was confirmed dead in a fatal car accident. And the people who read this news immediately headed over to their exchange and sold all the Ethereum in their account. That's why Ethereum market suffered a huge loss.

But was that news true? By looks of Vitalik Buterin as of now, I am sure it was just a hoax but some people believed that it was a pre-planned conspiracy to strike the market to the ground. To prove that news a hoax, Vitalik himself went live on social media and posted a picture on twitter along with a status proving that he was alive and well. But this incident definitely highlighted a fact that the cryptocurrency market depends on news and hoaxes rather than fundamentals of the project in a similar fashion to traditional markets.

Now, some people also believe that there were some secret societies which worked with Buterin to spread that hoax. Because as a creator and founder of Ethereum, Butrein knew all the weaknesses of cryptocurrencies and how they react to this kind of news. May be these secret societies had something to gain with that hoax and they did achieve their goal successfully. Just after that news, Ethereum price fell enormously and some new people or should I say some 'Secret' societies may have got benefit from that event by buying low because Ethereum again rose at a higher level the very next day.

Some people also believe or even had some proof that there exists a connection of Vitalik with Satanic Cults because as per their beliefs, Vitalik really got heavily injured in that car accident and because of his engagement in cults, he got healed.

This actually sounds weird if it's a true fact. Some hoaxes and some realities. But one thing is sure that Cryptocurrency market is a news driven market and there are a lot conspiracies at work. You would never know the conspiracy you're a part of until it got revealed and after the damage has been done.

So be cautious while dealing in cryptocurrencies and take decisions wisely.

Thanks for reading ...!!

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Author @cryptonet