Source: Pixabay

The greatest slaughter of all time

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We are contemporary witnesses of the greatest crash in the history of cryptos. There are some who say, yes, that's the way the markets works, it goes down and it goes up again, but this time it's different. This time all cryptos are attacked at the same time. There has never been a crash of this magnitude as we have seen over the past few days. Some cryptos lost 70% in 7 days, others 60% in a single hour. Nobody can tell me that we are dealing with normal market events here. Here, fiat money is being massively intervened by central power.
It seems like the goal is to deliver the fatal blow to the Cryptos. We ourselves can only watch powerlessly as billions in value are destroyed.

What is the reason? It seems that states efforts and the money elite are pulling together here. There are China and India, which put massive obstacles in the way of the cryptos, and the USA joins them, which is planning that every transaction from $ 10K must be taxed. We don't need to talk about the EU, nothing is decided there in terms of freedom.

What can we do? Nothing at all. Steem has also fallen into the abyss. We have the advantage that our Steem can rely on a community, but without large investors we will probably have to get used to smaller rewards. So much trust has been withdrawn from the crypto world in a very short time that I cannot imagine this trend reversing quickly. We were and are contemporary witnesses of the greatest manipulation in the history of cryptos. Yes, it can go that fast.

That teaches us one thing: the powerful have every lever to manipulate everything. It was an illusion to believe that the crypto world could cut us off from the power of paper money.

Today it is going up a bit again, but the goal of sowing mistrust has certainly been achieved.

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P͜͡e͜͡a͜͡c͜͡e͜͡

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