The reason Behind Cryptocrrency Market down

in blockchain •  7 years ago 

After my incursion into the CCM (cryptocurrency market) back in February of 2017, I couldn't stop telling people about this miracle technology.
People participants in various social medias started to spread the news about how fast and how easy it was to multiply your investment in a short term. I always told people the number one rule of the crypto-world; LEARN ABOUT THE BLOCKCHAIN TECHNOLOGY FIRST AND THEN INVEST.
Many of the people I spoke really understood the concept but honestly, the great majority of them just joined because of the idea of easy money.
Time kept its march and we all celebrate joyfully the sudden and crazy rise of the entire market. Our investments started to grow from hundreds to thousands of times the initial amounts and things couldn't be better until...
http://fortune.com/2017/03/19/bitcoin-hard-fork/
Then everyone thought; well maybe I can move my Bitcoin money to Ethereum but...

![bitcoin-accepted-here_-big-1680px.png]
(https://steemitimages.com/DQmbXP5si22XnMJUBBzH1wEVSAYhxAW4gG8z12it7XEzPQR/bitcoin-accepted-here
-_big-1680px.png)

Yes, an ETHEREUM fork was also announced and suddenly the people who never understood the concept of blockchain technology started to panic and consequently to cash out their investment fearing the worse.
I had people calling me saying (and I quote) "... the market is slowly dying, should I cash out?..."
Really, that's it? It hasn't even been six months bros. What kind of investors are you...?
Any way. I also understood that people don't follow things that are hard to understand, most of us go for the easy things and most of us don't even care to read or watch or even ask. We just see whatever the gap between the "relaxation mode" and the "panic mode" allows us to see.
People like this are causing the market to drop the way it is dropping; it is not the technology involved, is not that the projects have stopped. It is not that Bitcoin or Ethereum or any other of the 810 Currencies and 168 Assets are not working or won't work. It is the lack of understanding that many of these poorly informed individuals that took a chance of investing in something that they never understood and will never understand.
This is an amazing moment for the CCM for only the people that truly understand the meaning of this miracle technology will stay and make it fructify.
We don't want to do business with greedy people that only think fiat money. The future of blockchain deserves the people that will stay in it; we will be better without the scared, the afraid, the greedy, the lazy and the ones that bathe in their own ignorance and live comfortable that way. We don't need you and we don't want you.
S T A Y 👉 O U T !!!!!
PLEASE UPVOTE AND FOLLOW
THANK YOU!!!

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

@imantechfreakkj
Nice Job!
Keep the good work up!
Thanks for sharing

Great and well written post .