Crypto Market Loses 40 Billion in One Day

Well shit, as crypto prices continue to nosedive there isn't alot of news coming out that makes one believe we've hit the bottom yet.

Google's announcement that they're going to block crypto related ads much the same as Facebook stated earlier is scaring people it seems, people are selling.

The biggest problem is we may never see the "Bitcoin Genius" ads ever again..

How will we know what the next Bitcoin will be?

Also how will I get persuaded to go all in on the next Titcoin or Fapcoin? This is devastating!

In my humble opinion there's just too many coins, the bad ones are spoiling the bunch. In the rush to jump on the next coin and try to earn unrealistic 1000x profits and the subsequent blowback of people losing fortunes is having its affect on the mainstream media and people's perception of this new space.

Company's don't want to promote such rediculous and unregulated investment vehicles and so we've sort of done this to ourselves.

Until people stop investing in scamcoins and cryptos reach some sort of stability businesses aren't going to want to accept the better digital tokens and the greater public will still be wary of this relatively new form of payment. There's powerful forces that want to keep cryptos in the shadows and not let it emerge and threaten the global monetary system, as believers in digital currency we all have to do our due diligence and exercise some restraint and not let the hundreds of new icos gain traction and focus our time on the better proven offerings.

A normalcy has to take place to give validity and reliability to digital coins that we haven't reached yet in the early stages of the cryptosphere. What we're seeing now is growing pains. These things will all be sorted out in time so I guess the best thing we can all do is just be patient.

Thanks for reading,

@goldenarms