Cryptocurrency. Is it worthing?
Yes, I'm pretty new in the cryptocurrency train. I've hopped in a month ago. I've had enough watching my friends getting thousand of dollars out of blockchain technology. So I've decided to invest a share of my savings and joined the wave.
Because I'm not the lucky guy kind, of course!!! the market collapsed. Bitcoin and the other coins (Alts) joined the trend.
The price of the crypto asset has fallen more than 25% in the last month, and Bitcoin price dropped from 19.000$ to 13.000$.
Reasons?
Human nature. People panicking and selling their assets emotionally.
Causes?
- South Korean false flag media; rumours about a possible ban of crypto trading in this country.
- SEC denied Wall Street Bitcoin ETF's;
- Trading platforms like Binance, Poloniex overwhelmed and refusing new customers.
Because I'm a very analytical person, I've studied a lot, doing research, reading tons of informations and even taken an Elliott wave online course. And I've learned like in fairytales: like others in 10 years.
But over all I've learned a tough lesson about the human greediness. Weak people thinking that they could become millionaires in just 2 days and greedy whales that manipulate human weakness.
Is it worthing finally?
Yes it is. Because THIS is the future. A future where we can take full control of our assets and money, decentralised, relying on good technology and smart contracts. No corruption.! What could be wrong in this?