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Monday, November 28, 2022

Devastating Earthquakes Rock The Crypto World?!

 

Crypto falling into the abyss made by earthquake

The source of all pictures is Google!

As you can see from the title itself, big things have been happening in the crypto world lately, my dear readers and loyal followers.


Some of the big exchanges like FTX or Coinbase have experienced major shocks and turbulences, some have not like Binance, some cryptocurrencies have collapsed, and some have experienced such large drops in value that they are now on the edge of the abyss and looking straight into the abyss, and even the crypto grandfather or father of all cryptocurrencies, the famous and one and only BITCOIN experienced such a big drop that many now begin to doubt its recovery.
All kinds of headlines come out of the media declaring Bitcoin dead and other cryptocurrencies worthless, and even Bloggers and YouTubers, and other so-called crypto influencers have turned against Bitcoin and other cryptocurrencies and are bombarding you, my ordinary reader, with bombastic headlines about the demise of the entire crypto world and the arrival of the crypto apocalypse.
Those who until yesterday wrote so beautifully about Bitcoin when it was at its peak or about Shiba Inu when it grew by some 1000%, or about Ethereum that had reached its beautiful ATH  today are almost crying in their sad and black prophetic texts and videos and lamenting about the huge losses they have suffered and cursing everything related to crypto.

Bitcoin in the grave
They seem to have forgotten the basic rule in the Crypto world: "DO NOT INVEST MORE THAN YOU ARE READY TO LOSE" blinded by greed when the last BUll RUN lasted, they invested not only their own money and the money of their loved ones, but also wholeheartedly urged others to buy and praised every new SHIT coin that would come out for a nice percentage of the money they would get into their account.


And where has it brought them so far?


Well, right now they are here with us in the same place where we quietly do our work, invest, save, hodl, trade, and write texts that don't have quite as bombastic titles as theirs, but still find their way to a smart reader who doesn't believe the news about the collapse of crypto like nor about the literal riches that await him overnight if he only buys this and that new SHIT COIN.


Is the situation so bleak and is there really no way out for us and we are facing a Crypto Apocalypse???


Of course not! One only has to look at the path of Bitcoin a few years back and the smart reader will have enough.
So is this the first time that a crypto exchange has failed that a cryptocurrency has collapsed or that Bitcoin has fallen by 70%, 80%, or more??? Of course not, and it was not the first time that a stock on the stock exchange or a brokerage house failed. All this has happened before and it's all a natural course of things, but one thing is as certain as the day that will dawn tomorrow, and that is that the cryptocurrency market will DEFINITELY recover and that there will be a new BULL RUN and that we who still firmly believe in the power of cryptocurrencies will see the day when our patience and our investments will pay off many times over.


So let's not get carried away by any dubious headlines that announce one way or another the end of the crypto world. Let's not believe every new blogger, influencer, or marketer who claims to have reliable information about what tomorrow brings! Let's trust our common sense and trust in DYOR, because no one knows with 100% certainty what the future will bring, but still knowing the past well and based on well-conducted analysis and research, we can say without a doubt that something at least similar will happen in the future based on knowledge of the past.


If history has taught us anything, it is the lesson that history always repeats itself, if not exactly the same, then at least similar, so we can say for Bitcoin and the entire crypto world that it will DEFINITELY recover because things like this have already happened and Bitcoin has been declared dead at least 5 times.

Bitcoin in the grave with a skeleton
Those would be my thoughts on this topic and I couldn't resist writing them, and you, my readers, if you have a different opinion or if you think I'm wrong, feel free to express your opinion in the comments and write your thoughts.


Now I greet you all and see you soon when I write my new article.


Neo77

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