๐Ÿ™ƒ Where did 100's of Millions of dollars in crypto go in just a couple days ๐Ÿ˜ต What causes all coins to drop โ“

in money โ€ขย  7 years agoย 

๐Ÿ’” I feel sorry for the people that just bought Crypto and something like this happens. But why does it happen?

Not all Crypto is created equal, and the gaps are becoming large. I wrote many a blog about my concerns with Bitcoin and the exact clones that soon followed. Do you really think that something so new is going to get it right on the first try?

What caused this? I'm told South Korea had something to do with it. I have my doubts.

Jan 16 chart.jpg

Normally this 24 hrs chart can look pretty good by calling up the 7-day chart. Today it doesn't look so good either, so I display the 30-day chart.

Usually there is not 1 red line in sight over 30 days but here is today's.

30 days.jpg

Now do the losses seem so bad? Not if you bought Crypto a month or 2 ago. A year ago you would be dancing in the street's or maybe on the deck of your new Yaght. ๐Ÿ˜Ž January tends to be lean times in many places, thanks to the Holidays and all the extra money people spend.

I think these big dips are being caused by the " White Shoe Boys " Who have invested heavy in Crypto to crash the markets even if they take a loss. because they use money that they created out of thin air anyway. Theirs is called Fiat and ours is called Crypto.

๐Ÿ’ฑ Until such days that we no longer need to convert Our Crypto to Fiat for basic life needs they will have the upper hand and can buy all the Crypto they need to cause large upsets. ( just like the stock market ). or any other commodity.

๐Ÿ˜’ How many people are selling Crypto for a loss right now? or maybe just taking some profit to purchase things that can't be taken away or lost just in case?

Fiat money looses value daily without fail, Crypto if averaged out gains conciderably daily even with these large dips. And the more people that realize this and buy these dips will only be taking the sellers coins for a huge discount.

๐Ÿ˜œ Unless you think Korea, China or the Mighty USA can stop you from holding and trading Crypto why would you sell for Their controlled currency that loses value through inflation daily?. Buy Buy Buy and get the price back up slow but sure, and let the manipulators take a loss. Or the silly people who buy high and sell low. LOL

So start to think long term here, not just in the value in dollars but the value of your life. Taking away monetary control from the few people that use it to control the world is priceless. Invest in Humanity! that is our biggest hope for the future.

Thanks for reading and supporting my blog, I ๐Ÿ’— Comments...

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ย  ยท ย 7 years agoย 

Heeey you ask me the other to make a divisor for you, So as you don't have discord or any place to chat I'm leaving here the art. Please let me know if you like it or want any change! :)
codydivisor.png

ย  ยท ย 7 years agoย 

Wasn't me but thank you so much. very sweet of you.
Going in my next blog. :-)

ย  ยท ย 7 years agoย 

I completely agree. The whales of cryptocurrency are always going to find some other way to keep (minnows) lower-tier traders at the bottom. The way BITCOIN is now hit it's 4th-week low is quite startling to some but to others like myself i seen it coming a mile away. My advice to others is to go invest in the stock market, daytrade (Only if you know how the right way), and invest in Altcoins.

ย  ยท ย 7 years agoย 

I watched a great video a while back. An investor was asked in the last dip " are you going to sell now? " his response was classic " sell for what? " LOL If you already have enough Fiat it would be stupid to trade for more.

ย  ยท ย 7 years agoย 

I think there is nothing to be aware about when you understand crypto projects. There is a revolution coming and we need just get familiar with it.

ย  ยท ย 7 years agoย 

I've been playing for years now. It pains me to see coins I had millions of climb into the penny range or higher now. Gambled most of them away for fun. DOH well never again! I'm selling only what I need to get by and even that hurts. But the Future looks bright indeed.
Life is Good

ย  ยท ย 7 years agoย 

Impressive post.. keep it up dare

ย  ยท ย 7 years agoย 

Market manipulation Probably man

ย  ยท ย 7 years agoย 

I just can't see so many people running for the hills, But so many people have made millions or more in very short order. I can see some luxury items being bought. The Stock market is doing great too so maybe some moving the fiat there.