RE: Is This The Flash Crash Before Uncertain Times
First off - upvoted & resteemed. BUT, there are a couple of HUGE angles your very well-written post is missing out on:
People involved in the cryptocurrencies are, on average, not your standard type of investors. Many of them are looking for an alternative to the dollar - not a way to make more dollars. They want to store their VALUE, not their FIAT. So, we could expect cryptos to be held onto more than other types of asset classes. We are not as likely to be "shaken out" of our investments as the average day-trader.
And, let me develop my point...
The Dollar is, by design, going to collapse under the weight of it's own debt - because it is a debt instrument. This is well-known and has been planned for by the Fed for a long, long time. When the dollar goes, so goes the Stock Market, the U.S. Government/Bonds Market, and a whole lot of other things based on the Petro-Dollar.
So, what IS the dollar - to the Fed? It is an instrument of CONTROL. Being such, and the banksters being what they are, you can be sure of one thing: they are NOT planning on losing control over the markets, or the World Reserve Currency. What they are doing is moving the WRC from the Dollar to... something else...
Additionally, banksters HATE cash, silver, and gold. It's because these are stores of value that are generally outside of their tight-fisted control & ability to accurately account for.
Also, we know that the NSA tracks every single piece of information over the internet. Every single piece. We may think we have privacy with cryptocurrencies, but that still remains to be seen...
Some people have theorized that BitCoin & cryptos, in general, were actually started or co-opted by the CIA. I have no idea how accurate these ideas may or may not be. But, it does make one stop and think. At the very least, nobody with even mediocre knowledge of crypto markets can make the argument that big money interests are not already actively involved in attempting to influence the prices of cryptos.
What better way to move people out of the Dollar, and out of Cash, than to transfer the wealth and control over the U.S. Dollar and place it into Cryptocurrencies? A medium where every single exchange can be tracked, monitored, and... TAXED.
Seems like holding actual, physical Silver & Gold will be our last form of CASH left to us. Their batteries won't run out, and they can't be hacked.
I see this same kind of speculation with every down-turn of the markets, no matter what kind of asset we're dealing with. Nowdays, everyone thinks "this COULD be IT !!!" And, inevitably, one of these times will be the big "IT !!!"
HODL !!! You'll look back, years later, and be very glad that you learned how to take a long-term view of cryptos STARTING RIGHT NOW. All of you people who are out there trying to take profits on these small gains are missing the point - stay in it for the long game (5 - 10 years) and your life will be changed, forever.
Anyone have other ideas?