For the past 11 days, a major earthquake has rocked the cryptocurrency world. It's no longer news that the major cryptocurrencies have been on a rocky decline. The smaller coins are taking the worst hit.
Source: CNN.com
Crisis like this have occured in the past. From as far back as The Financial Panic of AD 33, which was the fault of the main Roman banking houses who issued out just too many unsecured loans.
We also remember the popular Wall Street Crash of 1929 and the Great Depression which has been described as "the worst depression of modern history". It lasted for a decade!
Just 11 years ago, the follow-up to the Great Depression began; The Global Financial crisis.
All these Financial Crisis have one thing in common. What is that?
Yes, it's also true that they have panic has a common factor. But what good has come out of panic?
Many people sat and watched the value of their investments drop.
Source: Vestnikkavkaza.net
It's very unnerving to watch the value of your investments drop. The seemingly wisest response to this is to cash out, liquidate! That is the first impulse.
I am not writing to encourage or compel you to leave your investments where they are. Far be it from me that I get blamed for losses (Honestly, I don't think I have that kind of influence though).
Instead, I am writing to let you know that at the end of this crytopocalypse is RECOVERY.
Currently, I believe in the idea of buying now that the value is low because definitely, the value of cryptocurrency will come back up. And keep rising.
Our technological advancements cannot avoid the heavy influence of cryptocurrencies. We need it. We will exist, live and rely on it.
Absolutely no guarantee exists that this apocalypse will end cryptocurrency. There is a light at the tunnel.
Cryptocurrency will rise again. Because it is the lifeblood of the future; the jet fuel to propel mankind to the next level.
Remember: Before you shoot an arrow, you pull the bow backwards, then you release! It shoots forward, slicing through air and tears through anything in it's path.
