First Off, Let's Look At What The Stock Market Has Done For Decades
Photo From IG.com
I'm not saying that it's always this simple, and yes, the crypto market is different
This isn't meant to be a long post that breaks down all of the individual factors that are playing into this supposed "Crypto Market Crash" that we're in. I just got done posting a **very** long post about the Stock Market, and I'm burnt. . .
The Stock Market, as well as the Crypto Markets are going through natural life cycles that they continuously go through, perpetually. This has always been, and will forever be, it's nothing new, nor is it anyhting to get overly worried about. Remember that these same people said Bitcoin was over and the "NewAge Internet Bubble" was about to burst with dramatic reprecussions since it was trading at $5,000.
That being said, I can't just stand by and watch as these financial institutions stoke the fear and panic of the newer retail investors behind the scenes, while they accumulate more Bitcoin every single time it drops. So, I'm making this quick post to inform some newer people about Bitcoin and the world of crypto trading, as well as to show them something that hopefully calms their minds if the crypto they're holding drops tomorrow morning by 10%.
Don't panic sell tomorrow morning, or any other morning for that matter unless you have a REAL reason to!
Have you noticed that when BTC drops below the $30,000 level or the 200 Day Moving Average, suddenly Yahoo Finance, among other outlets begins their ranting about how this is the level that marks the beginning of the end for BTC?
There are a few reasons they do this, one is to get higher ratings of course. Another reason wrong for the mainstream media outlets to induce this fear that the Crypto Market is crashing and that you should bail is for the Whales they are helping behind the scenes.
I can't prove this, but I have seen patterns like this happen in the stock market, and it looks exactly like what's going on in the crypto markets right now.
I don't believe in coincidences.
I will post a much more detailed article tomorrow, with charts and the data to actually back up what i;m saying right now. But, if you look at the charts for the amount of Bitcoin that's being picked up by whales, (large holders of BTC) it's on a steady rise. Some may even call it a meteoric one.
But it's not just the whales, it's also the institutions and the banks. They say that the market is too volatile, that were in a bear market, yet they are buying up large quantities of BTC as well. They talk about crypto as if it's a fad, something that the kids are having fun with while scools are closed and the government is handing out free stimulus money.
Yet, Congress and the United States Leadership seem to be taking Cryptocurrency very serious. Even treating it as if they believe that it's here to stay -- For the long run.
For example, look at this quote from The Digital Taxonomy Act.
The Digital Taxonomy Act — not to be confused with Warren Davidson's Token Taxonomy Act — starts with the proposition that "the use of digital tokens and blockchain technology is likely to increase in the future."
On the House floor last night, Soto described the bill as "a first step towards our long-term goal of setting up a Blockchain Center of Excellence in the Department of Commerce."
Your always going to hear contradicting informaton when it comes to fnancial markets, whether Fiat or Digital.
Simply put, they have thier own agendas to accomplish, and they usually don't care if it's in the best interest of Jill and Joe if you know what I mean.
You don't have to rely on others for your knowledge. The internet is a powerful tool, and I encourage you all to use it to fact-check anything that you hear in regards to something that will eventually affect your wallet, investments, and your family.