RE: My thoughts on 'The Great Crypto Crash of 2018'
What you say makes sense and I actually hope that it will happen. I believed in it for a long time, but along the way I lost a bit of my faith.
The banksters can do whatever they want and they do it for years. They get away with everything, no matter what they do.
They manipulated oil, gold and silver and now they manipulate the cryptocurrencies also. They will continue to do so. They manipulate it down so they can accumulate. They manipulate it up so they can sell. They will not stop doing that.
When we decide to not use fiat and use cryptos instead, we will discover that we might use it to buy a house or a car, but we cannot use it to buy the really important stuff like food and gasoline. The stores will simply not accept it. They might in the future, but when or if that will actually happen is the question.
In the meantime I keep accumulating cryptos at Euro cost average and keep hoping you guys are right about the future.
I want to believe!
Grow your own food too. In reality, the crypto should be used as a medium of exchange between people, not as a storage of wealth, investment or anything like that. All that we 'need' is provided to us free from the earth. All that is left is to do some work to add value to it. Corporations have completely taken over that process. We need to take it back.