Let’s face it, not everyone has had that great of an experience in cryptocurrency. It’s the Wild West after all. No regulation, no ramifications; scammers run amuck and there are too many people who know too little that are unwittingly handing over their hard-earned money.
However, a reckoning is on the horizon when it comes to digital currencies. Between the constant threat of government regulation and the endless stream of failed and/or scam Initial Coin Offerings (ICOs), it is only a matter of time before the culprits run out of new, naive investors.
So what’s the answer? Oversight? The soul of cryptocurrency is it’s decentralization. The freedom of a currency’s value, supply, and purpose to be chosen by the users themselves. With the rise of privacy coins like Monero, Verge, PIVX, ZCash, etc. the chances of that happening are slim.
The answer to the plague of cryptocurrency. The best way to combat the shadier parts of the digital economy is by building a community of people. A group of individuals with varying talents who come together to change the cryptocurrency landscape.
Some have been burned by scammers. Some are developers who are in a constant war with themselves trying to perfect the art of coding their very own digital currency. Some are just new to this strange environment and were lucky enough to be invited to the Civitas Community.
The goal? To decrease the number of people who come for reason number one. Because cryptocurrency has the opportunity to be something special; something life-changing for those who are brave enough to wade into uncertain waters and learn how to navigate them.
But the mainstream media doesn’t want you to even take the first step. Google ‘cryptocurrency’ at any given moment and you’ll be bombarded with article after video after article about the dangers of the cryptocurrency space.
“It’s a massive Ponzi scheme.”
“You’re guaranteed to lose your money.”
Even positive articles somehow find a way to add a passive aggressive slant, telling the reader that crypto is just a fad. It’s just a temporary, flash-in-the-pan experiment and if you’re reading this now, you’re too late.
Sadly, that last part was true in November 2017. Bitcoin was rocketing past $10,000. You could read about it on every website around the world or see it on every nightly news broadcast. The FOMO was real, that’s ‘Fear Of Missing Out’ for those new to investing.
The media created the perfect storm. The people who were making money in crypto at the time had been doing so for months and years prior. But new investors entered the market for the first time. I’m sure you even saw a couple of your friends on Facebook or Twitter post that they made their first bitcoin purchase.
In the investing world, we call these people “weak hands.” It’s an expression of contempt because these new investors have a tendency to panic when things turn from green to red. And starting on December 17th, 2017, those hands were the last gust of wind from the storm that began a few months prior. The smart investors exited, the price dropped, the weak hands were the next to go, losing some, or most, of their money, and the damage was done.
The second half of the storm was the time of year, Christmas and New Years (Gregorian and Chinese). It’s the time of year, every year, when cryptocurrency markets dip as investors cash out for fiat currency, to buy presents and go on vacations.
Over the next month and a half, the price of Bitcoin would bottom out in the $6,000 range and those who were new to cryptocurrency exited swearing they would never make that mistake again.
The reason I tell you this is because there was one fatal flaw in all of those events. A lack of education. A lack of guidance. You had new investors who sort of had an idea of what cryptocurrency was telling their best friend, their spouse, their mother, their grandmother, who knew even less, that it was the next Gold Rush and they should join in.
What all these millions of people lacked was a community of people who were experts in an array of fields who could help guide them in the right direction. And that is what Civitas is, a community.
I was invited into the Civitas experience by a friend I made over at a different cryptocurrency platform, Bitconnect. Now, if you’ve been anywhere near crypto in the past two months, you’ve heard the story so no need to repeat it here. Besides a few lucky members at the top, almost everyone lost some money, myself included. Water under the bridge at this point.
Suffice it to say, I was hesitant to join anything that seemed ‘friendly’ and ‘welcoming.’ The last time I did that, I lost a few zeroes worth of money. It took some prodding but I finally decided to explore what Civitas had to offer.
And to my surprise, the community was filled with people who knew what they were talking about. I’d scroll through pages of chats, loaded with knowledge, and think to myself, “I wish I knew that a month ago.”
Did I also mention that it is a cryptocurrency too? Currently being traded on one small exchange, TradeOgre, with many more to come. The price has fluctuated between $4 and $10. Not bad for a coin that is less than two months old.
A white paper and use case are currently being developed. This will be seen as a red flag I'm sure. However, you have to understand that this coin isn't traveling the traditional road of development. It's being shaped in real time and in the open, chosen by the community. There may be trepidation that the white paper and utility has yet to be finalized, but one thing is for certain: when it is announced, it will have the full support of the community, and it will be good.
The head developer is right there, sharing information, updating the entire community about upcoming updates and exchange information. Admins are doing Civitas giveaways ranging from 10 coins to 100 coins, something the members now affectionally call ‘Civ-aways.’
I spent the first week still hesitant, that perhaps it was a community wide scam. That everyone was pretending, just to take my money. But then, they didn’t. Twice I bought Civitas coins from a high-ranking member of the community and they sent me my coins before I executed my payment. The honor system? In crypto? Did I slip through a wormhole?
Now I don’t want you to think I’m blowing smoke and this is some fluffy review of a turd in a dress. There are some heated debates in the chats about the current state of crypto, the decision to make Civitas Proof-of-Stake instead of Proof-of-Work, etc. but in the end, they are just debates. There is an presumption of respect when these conversations flare up. Because there is an understanding that, despite different opinions, everyone is there for the right reasons.
There is no way around it, cryptocurrency is about making money. At the end of each day, you either have more of it or less of it. Lately, a lot of people are waking up in the morning with less and less and they don’t know how to turn their bottom line from red to black.
I’m here telling you now, if you want to have a successful experience in cryptocurrency, find a community like Civitas. Because you won’t just find a well-developed cryptocurrency that has a bright future. You’ll also find a village of people that are heavily invested in raising this village crypto-child into the healthiest, longest lasting currency that the crypto-verse has ever seen.