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RE: The Crypto Markets are a Blood Bath ATM. A lot of FUD Happening.

in #fud7 years ago

I think you are quite right, this is a move by international financiers to get in on the market at the lowest price possible, of course it could also be that the market is crashing because it was just a bubble, but somehow I think the first option is closer to the truth.

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Yeah, I don't believe this "crypto bubble". The economics of blockchain prevent such an event from happening IMO. The only thing that will make the bubble a reality is if crypto users give up using it and allow scammy crypto businesses to succeed.

of course it could also be that the market is crashing because it was just a bubble

Bubbles only pop when it becomes either saturated or useless wity not enough substance to back all the hype. So absolutely not, this is not a possible reason. We already have real use cases of the blockchain; an example here is "steemit".....plus the many others..

Have you ever noticed that the Bitcoin network is congested and as result no one wants to move Bitcoins around. To send $500, it costs more than $100 in fees. Bitcoin has been struggling since. The authorities are Smart, they know when to act to make things look worst than it really is.

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