Values are manipulated, especially since the influx of fiat from the money masters last fall/winter. I had been expecting a rally to come at the end of the year to nab many in tax debt, but this makes sense as well. They have been pulling back their money all year lowering the value, and lowering their own tax debt. As well, they have created a very panicked crypto environment making all who invest for short term profits tremble with fear and sell sell sell forcing the prices even lower.
Of three things I am certain.
They want us using crypto because of the transparency and control.
They have huge plans for it as they own a large exchange, and you have Robin Hood app dabbling. They have some big businesses accepting it as well as many states for taxes.
They have been racking up patents on crypto (a post I did months ago had an article showing Bank of America held the most crypto patents). They are in the final stages of implementing their controls and market domination and then the prices will soar. The few with steady hands will be thankful while the majority and day traders will cry over their lost opportunity.
Many alt coins are shit as well, and I believe this action is to weed them out as weak chains along with the weak hands.
That was very insightful! Thank you for sharing. I think that helped me really put things into perspective more! Especially the stuff about banks holding patents on crypto.. Yeah.. I see so much money going into longterm projects and infrastructure that it seems sort of like kind of obvious, but I suppose it still seems worrying at times when things drop so much. But yeah.. I really tend to agree with you and I think long term crypto is going to be around and not going away. Apologies my response isn't longer but my food is out of the oven and I'm ready to eat, so thank you again for sharing your thoughts! I appreciate it. That helped. :) Hope you've been well! I always enjoy hearing from you.
Thank you for the kind thoughts. Been making it which is more than many. Developing new plans to change up my life next year. If they gain any foothold at all will make for an exciting year that will allow me to help many people, for which I am excited. I have had the blessing of watching many heroes this year who understand true voluntary action in regards to lightening others loads and it has been inspiring.