I think I know what's happening to the crypto-space!

in cryptocrash •  7 years ago 

Ohh, they're a crafty bunch of fascista-capitalistas that operate the global financial system and control the world's money supply, via central banking and fractional reserve fraud.

So, estimating that approximately 99% of the people who will read this post already know and understand the above statement, it may seem like I'm stating the obvious, but that 1% need to be prodded with facts to seek the truth.

Anyway, back on topic. When the Chicago Mercantile Exchange announced the launch of the Bitcoin Futures contract, I saw the future for Bitcoin, and it looked like a grizzly bear. Although, I thought at the time this would mean good things for the alt-coins. Initially, we did see a jump in price of Bitcoin's main rivals like Ethereum, ADA Cardano and others, but now the whole crypto space has appeared to enter free fall.

It dawned on me earlier today as to why this is happening. And usually, the simplest explanation is the closest to the truth. I'm all too often guilty of elevating the elites and banksters in my mind to a level they're not worthy of. However, their dirty deeds and conspiracies are eventually unraveled by my poor, fluoride damaged, yet recovering, brain.

We are seeing the actions of those, extremely bitter about missing the early boat to the crypto-currency party! There's one difference with these 'bitt-tards' though, and that is they hold and wield the power required to manipulate the entire crypto space and initiate the anticipated shake out.

The fact this moment has arrived in the most cash-poor time of the year for working class people is also telling. Volume is very thin and prices are easy to move, with enough influence.

I remember thinking in the early days that it's not the 51% attack that we should worry about, but the possibility of an extremely wealthy group or individual manipulating the market for their personal gain.

Anyway, I hope people will keep buying the coins worth investing in and I hope this blows up in the banksters faces when they all lose their jobs, pension plans and the rest when their institutions fold!

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:  

Congratulations @lennybogart! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 1 year!

Click here to view your Board

Support SteemitBoard's project! Vote for its witness and get one more award!

Congratulations @lennybogart! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Vote for @Steemitboard as a witness to get one more award and increased upvotes!