Tired of all the cryptonoobs panicking and spreading nonsense due to ignorance and oblivion.
Okay, I get it. The crypto world is starting to attract gamblers and adventurers seeking quick profits. Most people getting involved with cryptocurrency nowadays are doing so mainly because they've heard stories about people becoming millionaires by investing in crypto.The vast majority are neither interested in the blockchain technology nor willing to do any research for themselves. They just heard about an ICO from a friend of theirs they trust and decided to invest. What the FUD?
Last year's skyrocketing didn't go unnoticed. People are making a killing with cryptos and the news spread like wildfire. The blockchain technology is a scientific breakthrough which can be applied in multiple aspects of society and used to provide solutions to numerous problems of nowadays. Decentralization is undoubtedly the future, decentralization is about freedom. Governments and central banks don't like this concept, so they start spreading fear, uncertainty and doubt, in a pathetic attempt to manipulate the ignorant and helpless masses. A fake news report or a corrupted journalist on television is enough to cause dips in the market with false statements. Same goes for corporation CEOs and politicians. And that's because of you, quick profit seekers who just heard about BTC's existence last month and keep feeding my home page with nonsense like ''bubble'' and ''crash, everything in the red'' every other day. Since you're too lazy to look it up, the crypto market cap is currently more than 5 times bigger than it was on July 1st. Go FUD yourself.
This is the market, chill. It's not crashing. The cryptocurrency thing is still at its infancy stage; the entire crypto market cap is roughly 0,54 trillion USD, while all bank currency in circulation equals approximately 2 quadrillion USD. It's too early to crash! I thought the crypto community should be immune to the manipulations of governments and corporations, stop being a part of the problem we've already accomplished to solve. The blockchain is there in order to help us achieve true freedom, however that's impossile as long as one remains enslaved to their own ignorance. We're talking about the beginning of a new chapter in global economic history. We're talking about true freedom here. Your news anchorman doesn't want you to know about this. Find another way to get informed. Choose your sources wisely. Don't FUD yourself.
Governments have already realized that they can't fight cryptos, so they will have to conform and play by the rules. They know cryptography is the future. Some big players out there are obviously trying to manipulate the market in order to maximize their own volumes. Inevitably, people are somehow continually fooled by these FUD (fear, uncertainty and doubt) spreaders. It is the same people who never have time to do any research. The exact same people who go into panic mode and sell everything out of fear. FUD life.
The biggest gains in the crypto game are made by HODLing.
The worst decisions in life are made out of ignorance.
Don't FUD around.
Disclaimer: Everything mentioned above is my personal, humble point of view. What does that mean? It means you can make of it what you wish. I'm not suggesting anything at all. If you do want my advice though, then ALWAYS invest less than you can afford to lose and NEVER invest more than 10% of your funds in anything. Needless to say, you should always do your own research and trust your own gut feeling.
Thank you for your attention!
I wish you massive profits!
Highest Regards
@lordneroo
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Not sure if the manipulation comes only from authorities and not from the greed of some early big investors.
@iliasdiamantis Some big sharks are definitely spreading FUD as well, in an attempt to maximize their volumes.
I was logging onto Steemit to do literally this, and you were at the top of my list to read. You did a great job of expressing exactly what I wanted to say. Bravo. Followed, resteemed, upvoted! Go FUD yourself rofl.
@klymacks Thanks for the resteem! I'm glad you liked my post :)
I agree, what we see happening is a knee-jerk reaction. There are no real reasons to be alarmed, just hang in there and ride it out.
As always, don't invest money you cannot afford to lose, but also do due diligence. Some of the coins out there are quite useless and don't add much if anything.
I'm not heavily invested, but I'm hodling the coins I have. It's exciting times ;-)
there is a lot of people who still do not understand the base of this tech is freedom from the government force and the elit
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I wouldn't worry too much about the FUDers. When they freak out and sell as the market dips and they lose the money they put in, you have the opportunity to buy the dip and ride it back up and get that money that they left on the table.
I hope they stop talking crap about my Cryptos, because that's how i plan to buy my mama a House
I might HODL steem and/or sbd but I dunno about most of the others including bitcoin.
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The manipulations we're experiencing is kinda complicated,but most times, it's from the big investors we call whales.
Anyways, the wise ones will always gain more no matter what the manipulations might look like...
I get upset about all the naysayers spreading ignorance. This is not the dot com bubble, this is not the tulip bubble, this is blockchain tech and it's the future. We will burst one day, but we are nowhere near that point imo. Great post man, keep em coming.
This is great! I agree with your opinions.
Agreed the difference between investors and gamblers is patience and vision