#01 - My Own Reflexion of the Crypto Bloodbath and Future

The Bloodbath

When you wake up and you see every asset in the red, you feel anxious and desperate inside. Emotions are very strong when it involves money and value.

We all love checking the price every five minutes to check the latest value of our investment. We are passionate by this space and have a chance to build wealth in a decentralized world.

The Enemy

Banks and central powers do not like technology where they have no power of control. Their reaction: attack with misinformation, create fear among the population, create doubt and try to modify our judgment.

We got manipulated for too long and it is time to change this paradigm. It is not normal that people cannot open a bank account or do not have access to capital for starting a business in 2018. People have the right to participate in the international financial world.

The Fake News

We tend to see coordinated attacks from the news sites with bait articles. This has an impact on the perception of people toward crypto, with something they do not really understand.

The vast majority love to follow rules without thinking too much. We get trained to think this way, but the underdog will change it.

My advice, read the crypto news with an open mind and do not take everything for granted from those useless articles.

Influencers

Do not spend your valuable time watching long videos with a useless message, most of them are crap that can be resumed in 2 or 3 lines. Those influencers love to have attention!

They can influence a big part of the crypto space with false information and spread cancer.

The Financial Gurus

A lot of respected people from the financial world are paid by lobbyists to spread to the world their own agenda.

Those messages hit the TV and news sites with crappy information in this manner:

• Bitcoin is a fraud
• It is a bubble
• Only used by criminal

I am tired of this type of news, I have developed a filter on my mind.

The Revolution

We have the chance to shift the paradigm of the financial world and change the parameters of this obsolete money system.

• Create a system without inflation, and stop the printing money monopoly.
• Remove the high interest of the housing market and avoid the speculation.
• The banks should completely disappear, they are not there for the people, but only to make happy the shareholders.
• Stop judging people by their credit score, and give them a chance to build something great for the society.

What to do During the Bloodbath?

Remember why you have entered the wonderful world of crypto in the first place. You need to come back to the root and focus on the ultimate goal for a better future for all of us.

Crypto will win the battle. It is the internet of money and can be used to transfer value everywhere on the planet. Many great use cases like the social networks Sola and Steemit will make a great difference to everyone on the planet.

Keep calm and do not sell any position. When you do not sell, you do not lose anything.

In the future, you will need to think in crypto instead of fiat value!

Last Word

I know it is hard during a bearing movement of the market, it is even affecting me. I am someone that believes that you need to always keep the focus on your goal. I believe that the crypto world will change the financial world we live in.

Keep the faith and great things will happen.

Owner of the crypto blog: https://chesatochi.com