Media and various social accounts started ramping up on a crypto=scam narrative RIGHT BEFORE the terra Luna crash.
Then, we notice that crypto is basically pegged to the stock market.
Then the fed announces their own crypto is coming soon.
Central Bank Digital Currency.
Which we knew was coming for a few years now. But soon after all this other coincidence, the fed says it’s coming in 2023.
That’s a whole lot of coincidence to me so I don’t get why this isn’t being talked about or I haven’t seen it.
But I have seen a ton of ponzi and scam trens in relation to crypto, all over social media.
This is economic warfare and the way to stay in the battle is to point all this out to the public on a regular basis.
Banks and governments core belief is that they must keep their control for the greater good. Technology is radically challenging that.
Blockchain challenges that.
Don’t let a social media narrative (a narrative that we actually have a chance to fight, as opposed to the old days of tv and radio media) bring that down. It would be one of the most ignorant moves in history. People need to be spreading the word that this is the banks and government trying to keep their control.
People outside of crypto don’t realize this.
Edit: to be clear this is in now way an endorsement of crypto!!
Although ETH definitely has value.
I’m NOT saying “buy the dip” I’m not saying buy stocks either. I’m saying call it tf out for what it is.
Edit 2: The stock market has algo drive high-frequency trading and cooked accounting at tons of companies boosting their appearance on paper. Plus perky stocks. PLUS the govt bails out banks when they play ish like a casino but not regular people.
How’s that not a scam?
Just because there’s scams in crypto, that does not make crypto a scam!
If that’s the case then the stock market is an obvious a scam.
Edit 3: Not a crypto bro. I just despise banks.
Edit 4: U/militant_drose really kind of laid it out for me here in this thread.
So, I may be really way off here.
Just keep adding edits don’t I :
Edit4 does not mean BTC and ETH can’t go back up.
A major problem at this time is projects failing and/or having to borrow to stay afloat, combined with all the true scam coins out there.
If another big coin fails that will surely send the prices down further.
So be cautious buying right now.