The effect is obvious, the price of all crypto falls when the big coins fall.
But was is the cause?
- A few days ago XRP announced some big plans to take over SWIFT, the bank cartels old school transfer system.
- Yesterday the IMF came out with statements supporting Crypto by way of National banks (all controlled by WMF) as
long as the WMF was "in charge" via regulations etc. - Lots of news stories re "hacking" in regards to twatter accounts & "scams"
- and then a major crypto dump in last 24hrs when BTC has been relatively stable for months.
Is this the "last push" by the banking cartel to try & stop crypto?
By putting crypto in the main stream media (WMF statements) then media highlight "crypto scams" (by whom we don't know) and then a lot of money is poured into dumping the crypto market.
Maybe I'm a "conspiracy theorist" but I smell rats in the crypto kitchen.
Get out while you can?
The banking cartel own around 80% of global wealth, they do not want to loose control of that to a decentralised system, so they can afford to dump the market via media & money
HODL and wait for market to return?
That begs the question, what would cause the market to rise?
If USA election fraud is a major event, and 61,000 sealed indictments drop, then the share market is surely to take a hit. Given the big drops in tech stocks recently after hacking & censorship news, maybe the 10+ years of rises will be reversed.
Money does not disappear. In 2008 crypto did not really exist, so when market crashed, the money went to gold as investors don't take suitcases of cash when they sell.
The money goes somewhere.
Will it be Gold & /or crypto in 2018?
Time will tell