Crypto Free Fall

I'm about to share how I view the new crypto currency sector and what's going on...

If you've recently bought into the crypto game you've probably been wondering why the bloodbath won't let up. As we know by now Ripple is still stagnating (no - I don't own any and never bought into the hype), the Asian markets are battling against regulation, Tron is floundering with PR pumps, and why the Bitcoin mining percentage plays a role.

I never bought Ripple because I had an inkling that McAfee was pumping it up. Sounded like a great technological advancement but the hype is what turned me off. Plus, McAfee had to pump it, he was working with them as their Security Advisor. Then on the other hand you have Warren Buffet. Buffet won't buy any crypto - and thinks buying crypto is foolish (my word). His investment strategies have paid him handsomely over the years. That was "his" time, now it is the "peoples" time. The banks, old school investors, and the elite will call it a scam, or foolish - because this is a very scary time for them. A decentralized financial patform and its associated currency will make them go the way of the fiat dollar and they know it! Think about it - the fiat dollar is worth pennies now. There is NOTHING backing it.

One thing I have learned is this: When people seek to have investments - they invest in themselves first, before thinking of the masses. What I mean by this is this: After they get their interests vested, then they will either hold and bide their time, or they will shout it to the world - hype it up - then dump on the bump going up before it hits bottom again. It has been that way in the financial sector from the get go. So never buy into hype - do your own research first.

Warren Buffet is an investor, and yes he is a brilliant man - but his education and intellect lies on the knowledge he understands - and he does not understand the crypto sector. This is a new and foreign sector to those in the financial industry. Just like the financial elites of JP Morgan. They are from the same school as Warren Buffet. Jamie Dimon has been in the news recently, and we know he heads JP Morgan Chase and at one time also served on the Board at the Federal Reserve Bank of New York. So, if anyone has a vested interest in keeping the masses down against crypto (albeit temporarily) is Mr Dimon.

Many don't know that JP Morgan Chase had applied for a U.S. “bitcoin alternative” patent back in 2013 and it was rejected 175 times! So for Dimon to say that we are foolish to invest in crypto, and yet his firm's patent for a crypto knockoff was actually rejected - what does that tell you? It tells me a lot. It tells me that they have crypto on their radar. Do they fully understand it? Not fully - again this is my opinion and by this, I mean they understand the coin - but not the full technology behind it yet.

Then for Dimon to suggest that Bitcoin will fail - yet they tried to knock off their own "Bitcoin" doesn't truly suggest to me that Dimon underestimates the new future currency - he merely wishes to promote fear and uncertainty (FUD) right now - buying time if you will. Anyone who bought into Bitcoin in 2013 is sitting pretty nice right now, that is if they held onto their coin. If anything, I would've put more faith into Goldman Sachs alumni than Dimon! So, even though there's a bloodbath going on, it will recover. I've also noticed that over each weekend there is usually a dip. I truly believe that our (global) future is going to be crypto. The old style of financial thinking will either move along with the ETH blockchain or die.

There's no other option at this point, fiat money is dying a long overdue death. Yes, the DOW and NASDAQ are up but for how long? If there was ever a Ponzi scheme it is the stock market. The fact that China and Japan have sold a large number of U.S. Treasury bonds over this past November makes me take notice. Both countries have been selling off bonds for months, and buying up precious metals. China wants to become the next Super Power. If you've been following the news - you know that China has created an oil benchmark based on gold, and yet our U.S. Petrol dollar is dying. People who are smart will invest what they can afford to "lose" over the long term of holding crypto buys and also buy gold or silver - be it in crypto backed coin or the actual precious metal.

Another reason for this down plunge is due to the stabilization of the global platform. Asia plays a big role - they have the huge exchanges and most who are in the development of crypto-engineering are located in Asia. I also feel that Hong Kong is the new crypto mecca and will be. Which leads me to this - the Lunar New Year. There is always a sell-off which normally occurs about three weeks prior to Lunar New Year.

Even though we are seeing red, BUY. Why? The mainstream John and Joan Q. Public haven't adopted to it yet - the public still isn't sold due to the media (owned by the old financial sector). However, when they do see it and understand it - and they will by this coming Summer or Autumn - you will see mass investment coming into the exchanges - and this is why the bloodbath is happening. This IS the time to BUY cryptonauts.

Feel free to share your thoughts, this is a new frontier and my new blog, so I welcome feedback. We learn and grow from exchange of thoughts - I just ask - no ad hominem attacks - please. Thank you for taking the time to read my blog.