Hello my fellow Steemians I hope everyone is having a wonderful day as usual.
It’s Cryptotash here with another enjoyable valuable content to bring to discuss !
If your anything like me , you’re a vintage crypto addict and been involved in this space for a few years now through ups & downs .
I’m sure you’ve been through plenty of mixed emotions, while making smart decisions. This brings more experience to you as you know .
But enough of the small talk , let’s get down to the nitty gritty .
Let’s have a discussion on the current state of Crypto!!!
After the crash about a month , the market is slowly crawling back .
What do you think the cause of this crash was ?
I want to get some feed back from the community , my fellow steemians !
Let’s brainstorm together and grow knowledge and power as a collective and stay 2 steps ahead of the herd !
My thoughts on this topic is short and sweet, but I will go into great detail through replies to this post ...
My thoughts on this topic is simply “MANIPULATION “
I believe whales & institutional groups
are driving the price down to allow bigger players to get involved!
This is a market at the end of the day and that’s why Markets are created .
Be smart & strategize
I’m done with the short term gainers , I’m a long term invester in this space and all I can say is HODL
“ It’s HODLSZN “
Sure thing it was manipulation. Crypto isn't regulated, therefore the whales can cause a splash and a wave.
The crash (speculating) had to do with 1) whales in elite circles planning buys and sells. 2) the printing of tether out of thin air (this is going to cause many more huge disruptions) 3) fake sell walls (sorta ties in with my first point) 4) the BS with Bitfinex (tied in with my second point) 5) some BS with coinbase and GDAX. 6) Tons of ICOs springing forth right around that time.
All of this happened at the same time so it's easy to see why (in hindsight) there was a 75% drop in basically all coins.
1st off I want to thank you for viewing my content and giving such great feedback. I agree with you 100% on this I really do . But even through the up and downs I like the unregulated Wild West feel of this space. That’s what’s halting a lot of new big time investments . There’s manipulation in every market but as long as everyone is knowledgeable on what’s going on there’s nothing to fear . The moral of what I’m saying is we don’t need government regulations to keep Crypto alive . We need a knowledgeable and powerful community! Thanks for your time !
Thx for that quite informative post. Keep up with creating interesting content.
I know it's hard at the beginning to build solid follower base. But just don't give up. Steemits needs solid content builders.
Already followed and upvoted :) Cheers,
Thank you very much for the great feedback I really appreciate! I followed you as well so I will be looking forward to future post from you !
that's very kind of you :)