It's truly sad that government goes in by force dealing with cryptocurrency. The idea that they harness no control over this and cannot milk their citizens dry must drive them to the brink of insanity! I hope, even through world government attempting to destroy it by force, that crypto rises to global dominance and flips the financial system as we know it upside down. Imagine how our life would benefit from releasing the tyrannical grip of big brother, the prosperity that we as a people can build and thrive with.......... enough of the daydream, back to business.
I've noticed numerous spikes in the market lately, with the market seemingly crashing further and further with each passing day. I believe we are in the process of watching crypto suffer a tremendous crash which will do two beneficial things that I can see. 1, eliminating much needed "garbage" coins that have flooded the market, to make path for dominant currencies that will grow tremendously and 2, eliminate a healthy chunk of traders out here hoping to be the next Warren Buffet, that have excruciatingly flooded the marketplace, which would open more doors for those who survive it per se. This is just my opinion and I'm open to hear everyone else's.
I also would like to know, has anyone seen spikes such as this so close together and getting progressively worse? Give me some detail, I'm eager to hear and learn if possible. Thanks Steemonians!
I think that eventually this could, in the longer run, strengthen the crypto market. However it is also depending on the people. If they now start falling into a state of panic, perhaps that could be a huge deal...
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I was wondering, if there was an incredible surge in panic sales, or dumping of their portfolio, would that crash still be enough to slay the crypto market? What do you think? I'd imagine that number would have to be immense to even have close to that effect.
I'm with you 100% in belief that these are only going to solidify and strengthen the market for the long haul. Even Warren Buffet I just read is claiming crypto is going to end terribly, but I honestly feel these people just fear what they truly don't understand. They are not fans of the crypto market, solely because it will inevitably dominate at some point, which directly effects them if they do not merge in. Government cannot control it, so it spikes fear and anger from those in charge, stemming incidents like in South Korea.
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Sometimes even people like Warren Buffet can be mistaken. I mean did he invest in the crypto market? I don't think so. I could take criticism of someone who actually invested in cryptocurrencies and gives some valid points. I mean let's just take a look at all those companies that surged AFTER the dotcom bubble bursted. Amazon for instance emerged. So perhaps we could see the same just with cryptos.
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informative content....thanks for sharing
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My pleasure!
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