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RE: The Crypto Crisis or Just An Attempt From The Elite To Drive The Price DOWN? I say DON'T SELL, DON'T PANIC, BUY MORE.
Nice post. It would help if a lot of the people who invest in crypto actually understood or believed in it. Though you claim to not be an expert, you at least understand why it exists and why it should continue to exist. A lot of the new investors in crypto got in just hoping to get rich, so when entities try to regulate it and the price falls a little they sell and the price falls a lot. It may be just as well that the weak hands get out now so the true believers can hang tough. Unless like you said the banks are scooping it all up :) -@bozz
New "investors" who dont understand or believe in cryptos, but are simply trying to make a quick buck are GAMBLERS. Hold and buy more when you can. The blockchain community has been through worse and survived.
As for banks taking positions on cryptos, there is absolutely no way they would sit on the sidelines while an emerging technology threatens to change the game. Hopefully they aren't using Shorts and futures contract to manipulate things to much... but they also own patents on crypto exchange technology. Just look at Bank of America!
Thank you for a great comment. I hope it does help them. I am talking about this from my understanding of how financial world works today and this it the only thing which makes sense to me of why those banks would ban purchasing crypto. I could be wrong, but this is my gut feeling based on little research. :)