Who Crashed Crypto? .:. Russia, China, Exchanges, Illuminati, You or Me?
You have probably noticed that I don't write too many posts regarding DeFi, some specific cryptocurrencies, shilling some projects, etc... It's not that I'm not researching different projects out there, and it's not that I didn't invest in many of them, but it's more about NOT giving some weird ideas to my readers... I know that I'm not some big influencer or such, but I do feel responsible for writing and creating my content, and sending a message through them...
But, one of the things where I don't want to keep my mouth shut is when we get bombarded with "fake news", or better said badly interpreted news... You know that thing when some government, or people in power, try to blame someone else for their wrong moves and stupidity... There, I can't be silent and not point the finger where the problem lies...
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And those things are repeating day by day... And sometimes, we don't even notice how they hide their tracks behind something... But, when you begin to "read" the news through news, you can't "UNSEEN" it... 😃 For example, I saw this tweet this morning:
https://twitter.com/AltcoinDailyio/status/1496722470891491328?t=ZilRKUozHfXoLtRusmAPZw&s=19
It looks like valid "news" and in a nutshell, it can be true, but only partly true... Firstly, it's not Russia that has crashed crypto... It's not Putin that has sold his Bitcoins and killed the price (btw. at the moment of writing this, it's recovering very fast)... It's YOU, ME (OK, I'm not at this occasion... lol), and OTHER weak hands that have crashed the crypto! You can't fake selling a limited asset like Bitcoin (OK, maybe you can on centralized exchange)...
The problem is that people, after reading this tweet, start to panic, and do the worst thing that they can do... Sell their assets that are the most resistant in the hardest times! Who to blame? Well, you can blame mainstream media or some influencers who don't know how to pick the right words, but in the end, you are the person who sells that asset... You are doing that action that pushes the price down... And you are mad about it?
The solution? It's always the same answer... Always DYOR, check multiple resources, THINK about it clearly, compare with some other similar event, or asset, and then make your decision...
I remember well that "corona dump" that we had almost exactly 2 years ago... It was scary when it happened, to see Bitcoin price going from 10K to almost 3K in just 3-4 days... In those moments, it was hard to think clearly, but it wasn't the end of the world, and you could get to the conclusion that NOTHING changed regarding Bitcoin... The fundamentals were the same before, and after... The price HAD TO recover, especially after that sharp drop... And it did...
The same thing happened today... It was strong news that moved the price down, but in a long term, that news didn't change anything regarding Bitcoin... The problem is that mainstream media present us with this news the end of the world and everything will collapse...
I said this many times before, and I will say it many times more... Don't follow blindly mainstream media news and don't fall on EVERY news that you hear... Their job is to hit on your emotions and they will do ANYTHING to provoke that emotion... And then you WILL do exactly what you are supposed to do...
You are better than that... You are not a robot... Look beyond the news and you will be successful...
Thank you for your time,
ph1102
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Oh well! I don’t panic at all 🌷😎
I agree in many ways and share your thoughts in many ways!
Let’s keep riding the rollercoasters.
I enjoy a little adrenaline rush sometimes 😜😉
Hehehe... It's great if you are an adrenaline alchemist... Changing stress into adrenaline... It's much better that way... :)
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I wish it would be that easy 😂 but most of the time it works out
Amen brother.
Turn it off. Turn off the TV, stop reading the news. It is all negative.
Yes that is a bit extreme, you have to stay informed. But I think you should know what I mean.
I had a comment my my typed blog post today, something like "first time I ever read the markets crashing is positive ".
Of course it is positive. Markets always recover, economies always come back and stronger.
Wash that negativity out of your head and think positive.
You will feel better, you won't sell in a panic and you will be much happier.
Bradley
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There will be always some DOOM STORY on a TV... We have almost finished the first one, it was time to start a new one... The pattern is always the same... To confuse people, and to steal their money in some way that they don't know, or even better, that people willingly give it...
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That is truth.
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The news has so much click bait but I am a bit worried about the situation. I kind of put it off as something that wouldn't happen and it just keeps escalating. Either way, I don't think it will get as bad as I would like but our politicians are so crazy. I guess it will die down over the next few weeks and things will be back to normal.
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I have found an interesting post on HIVE about this Russia-Ukraine thing and it looks that we are having the same thing/reason as always... Oil, gas, and measuring d*cks of USA and Russia... Of course, the price is paid by some other country, in this case, the people of Ukraine... 😞
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haha, looks like you're in a panic :)
btw: I sent you my staked BEE in your pool
btw2: stay calm, crypto is not going in a circle, it's going in a spiral and up ... but it takes some time ... 😎
Nah, I'm not in a panic, but I have eyes to see how others are panicking... And I hate to see people lying and especially when they do it on a TV...
I hope you didn't do that as I don't have a BEE pool... :) I have a WORKERBEE pool where you can delegate your WORKERBEE tokens, not BEE tokens...
Actually, the price already went up to where it was yesterday, so it can be much faster than we expect... As soon as people take out their heads from television... lol...
!PIZZA
Ugh, the first is a joke, the second I made mistake, I sent you staked BEEs... and what now?
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The best thing is to find out the real fact ourselves before taking any form of action
Exactly! The more you research, the more you will find... The true facts are very well hidden most of the time...
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Sure most of the time they are hidden and need one to go deep into it
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But this movement was to be expected, people are anticipating a drop from turmoil, therefore selling and causing the drop themselves. Only means better buying prices for us.
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hahahaah... It's a subjective feeling and all of us have experienced that... 🤣
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Personally, I simply ignored the price action. Maybe these moves could be used by some traders to their advantage. But I didn't. I didn't panic either. Looks like smart money keep accumulating, and they don't want the price to dip too far down either.
I did the same... I had one forgotten order for some Polkadot that came through, but I didn't do anything else... And I'm sure that smart money is accumulating big time...
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