On the past January 8, the Bitcoin market that was very high in the Charts, but entered a freefall that weeks later has not been able to recover. At that time many hypotheses were made and direct culprits were sought between governments and other corporate identities.
After all this you will ask me: What does bitcoin have to do with my beautiful onions? Is not a secret that the vast majority (if not all) of the Cryptocurrencyes are linked in one way or another to Bitcoin.
For example, if the Bitcoin price goes down, the other Cryptocurrencyes will also do so and this will inevitably drag our DeepOnion into the abyss in the market, Ironicly.
Since then there has been much panic and speculation, people dont stop wondering why all this happens, in reality only one person can be responsible.
After an investigation by The Wall Street Journal, they found that the direct responsible for all this chaos is neither more nor less the creator of Coinmarketcap: Brandon Chez.
This page is responsible of showing in real time the values of different Cryptocurrencies, showing statistics of the different exchange markets.
Since the Bitcoin increased its value impressively and the growing popularity of other cryptocurrencies in 2017, it became the main monitoring website managing to outperform other giants such as CoinDesk and Blockchain.info.
The problem began on January 7, when Chez, seeing that in the South Korean market the price of Bitcoin was absurdly higher than in the others, decided to eliminate this market, bringing with it important consequences.
This action apparently "insignificant"; caused a drastic and instantaneous devaluation of Bitcoin without there being any apparent reason, with it I end up dragging the other Cryptocurrencies and our dear Onions did not stay behind, since then the market has not been able to recover showing constant highs and lows.
Chez has stayed out of the matter. The Wall Street Journal has tried to contact him, to the point of visiting him in his apartment, but he does not open the door and does not answer the calls.
This is a good example of the theory of the Butterfly Effect, any small variation or change that occurs (in this case on the Coinmarketcap page) can trigger terrible consequences causing unimaginable damage.
Remember always to keep calm, you not to be influenced by pretentious or malicious information, our Onions will recover from this "error" and always remember to have a lot of patience.