CRYPTO CURRENCIES: Greed and Fear !!!!!!!
There are many reasons for extreme volatility in cryptocurrencies. Exaggeration, too much speculation, price manipulation , bad news, rumors in the media. The question is, however, what is the real main cause of a serious decline of cryptomoney in the future.
I mean a complete meltdown in cryptocurrency world. Is that possible. In my view, human beings are the cause of to much volatility and melt downs. In my opinion its alwas the story: GREED and FEAR. Human beings always want more. In the movie Wall Street (1987) this was already well-spoken by Gordon Gekko: speech about greed:
Greed is good.
Greed is right.
Greed works.
Greed clarifies, cuts through, and captures the essence of the evolutionary spirit.
Greed, in all its forms - greed for life, for money, for love, knowledge - has marketed the upward surge of humanity.
Ultimately, people always want to get more and more. . Eventualy the results are extremely high prices of cryptocurrencies. If the fear becomes too big, the chance of a meltdown of crypoto values are near.
There is always a certain amount of exaggeration. Thats not the problem but the media plays a very important role in our modern world of internet and television. A negative news or rumor is already fast news worldwide. This happens much more often than we think. How often does it happen that rumors are brought to life and that after all, nothing is true. About it. Or how often is there a negative news that triggers people’s fear The news creates movements in prices cryptocurrencies.
The media can easily manipulate, making bad news even more spectacular.
This is actually a frightening thought.
A complete meltdown is not to predict in my opinion. However, the big movement comes at an unexpected moment. This moment when everyone thinks there is one way and thats the way up, then there will be a moment that a negative news enters the media and this will be the start of a major fall. BE AWARE OF THAT.
Te best way to avoid this risk is to buy every month for the same amount of cryptocurencies. Don’t buy coins with money that is not yours.
Is it time for a complete meltdown of crypto currencies? I do not think so. Perhaps in a few years, suddenly a shocking news in the media will come. Then it's time to sell.
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