ADSactly on ADSACTLY - Red Days
ADSactly on ADSACTLY #75
Red Days
Yes, everything is down. Rivers of red are flowing day in day out. However, we've seen worse. Undoubtedly, it is in someone's interest to keep the prices down. Who is it and why is it so we cannot know for sure. Any guess is a good one.
Will it kill cryptocurrencies? No, it won't. Will it destroy communities? Nope. Will it change our way of life? Nope, we'll continue to do our thing. Will it make people panic and sell, dragging the prices even more down? Yes, it will. So what? Crypto always bounced back and came in stronger. Many were sorry.
End of Bitcoin? Very unlikely. On the other hand, if this worst case scenario ever happens, no biggie. There will always be a cryptocurrency waiting to take over the lead. Ethereum, EOS, Somethingnotinventedyet, you name it.
The good news is that ideas of centralized cryptos are slowly dying out. None of the centralized structures has enough courage to create a regular state-backed cryptocurrency. Everyone is waiting for someone else to start the trend. Care to guess why?
Maybe the blockchain transparency and inability to alter the system would limit their backstairs operations? And then someone asks, what is behind Bitcoin? What is behind any fiat currency? It's not gold and silver, for sure. There is no real difference between fiat and crypto. It is all as real as we make it.
Rally up and keep up the good fight. There is no place for FUD.
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Cryptocurrencies and blockchains are a very misunderstood things to be exact. It is the future of monetary transactions.
Bill gates once believed that no one would ever want a computer in their home. He was right, we want several, and even one in our pocket.
Early adopters are making millions. Block chains are courting financial institutions to become an everyday type of currency.
In the news today, IBM is working with Lumen (an alt currency) Ripple is making inroads to many banks. Countries are making their own cryptos. And this is just a few of the stories.
So, I guess you could say, Cryptocurrency is still a thing.
Loved the Post @adsactly. In regards to peoples emotions playing on the stock market, I feel the longer this correction lasts, the more negative news that gets out there, which leads to increased fear, which might end up turning a correction into a bear market. Especially for newer investors who have dumped a lot in within the last year or so...idk. Time will tell, but I appreciate your chart readings!
That is just another bear market. As a matter of fact bear markets are very healthy for any markets. Think of it from the positive side. We get rid of weak hands, we get rid of Ponzi schemes and so on. Just like in financial crises, we got rid of weak banks, weak institutions, weak companies and most importantly Ponzi schemes such as Madoff. It’s painfull, it will be painful, but at the end patience will pay off, because patience always pays of. New, stronger projects will rise and strong will get stronger. Bitcoin and Steem will rise again as it did in the past. This time is no different!
An excellent and to a certain extent motivating article. I am far from home and do not have access to the Internet every day. But when I come here, on TRIMS, I see how the value of the main crypto-currencies falls and together with them the activity of many users decreases. It is not right. I think that all of us should continue to do what we did before. Do not succumb to a general panic and "fall into despair."
Crypto currency is at the beginning of its journey. Now are not the best of times. Many are accustomed to seeing the high cost of crypto currency and getting a big profit. But growth can not be permanent. This is normal phenomenon and those who continue their business in the future will be generously rewarded. I urge all to remain calm. Enjoy what you are doing.
Thank you, great words!
Hey dear @adsactly community thank you for spreading some warm hope of HODL and better tomorrow as it's bloody bloodbath and making so many things more bad as everyone now talking about the demise of phenomena eveyone who in my opinion not related or they find the chance to secure their business which is dooming due to growth of crypto world and they are barking like mad Dog.
Thanks for lightening the hope of good and in my personal opinion everytime when it's bloodbath comes these type of story makes their room and then the Sun of crypto comes with more power and shines more brighter than ever.
Thanks the most loved and trusted community in my opinion.
Maybe your opinion is right for the dying of centralised currency and turn to decentralised one but this hope is dimmer too as the market is not in the mood of rebound earlier maybe the massacre is on the way when we will withness 2000$ level maybe I am wrong but anything can never be ignored in this market maybe it's triple bottom confirmation as some experts says or maybe it's an endless start of the dooms day.
Good luck everyone who believes in you and good day.
Bad luck to those who wish it is the end of my love to crypto as I am not Going to sell a single Santoshi.
Cryptocurrency's ain't exempt from bloodbaths just like Fiat, wall street exchanges because of manipulation.
The blockchain brings transparency with hope that in the future what is manipulated can be eased to what we are seeing today with country's going into recessions for many years.
Many governments, banking (institutions) are trying to adopt crypto into their systems, but the real question is will society choose to stay centralized or go decentralized.
Thankyou for your honest take, especially after a green day! Very informative! I personally need to take advantage of this next pullback that you write of, set tight stop losses, and hopefully minimize my current losing positions. No more hoping to get back even, just take what I can back and sit back for a bit.
cryptos are here to become next big thing and it is not going to become extinct.
hiii @adsaclty we all, who are believe in Crypto know that future of decentralisation is bright from here, and ETH, ADA, EOS will help to grow decentralisation in future, but plzz follow me on steemit and leave a comment on my post in my blog box. Thanks