Why isn’t every single person talking about crypto being sabotaged by banks and government so they can keep their control?

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.

Why isn’t every single person talking about crypto being sabotaged by banks and government so they can keep their control?

24 thoughts on “Why isn’t every single person talking about crypto being sabotaged by banks and government so they can keep their control?”

  1. People do talk about it.it was expected. You reference social media. Most people serious in crypto don’t really use social media that much. The people on FB, til tok etc. Are usually not really into crypto. It’s young people with like $200 in crypto and then the influencer scamming them.
    Since the start banks have been infiltrating.

  2. Can’t allow crypto to be the safe haven while the stock market crashes, cuz then stock would crash harder while everyone “who knows” about crypto would race to shift their monies. It would be a gold rush.

    That’s how you know the entire crypto industry is controlled. They control it by buying massive amounts very early

  3. Crypto is a fun casino rn. It was never meant to be this volatile. It was meant to be a stable form of currency that we could use for global transactions without converting anything.

    Usdc is not getting any traction and neither will the fed coin.

    Even if bitcoin drops to $1 per coin its still going to be used for transactions. Some coins are used to verify transactions, thats never going away.

    At the end of the day the old fucks who control all the money don’t understand the technology and potential so they are going to try to suppress it. In my opinion its to late.

  4. Banks, funds, etc were extremely over-leveraged. Now with the increase in interest rates/decrease in value from their collaterals they are being forced to liquidate their crypto positions. They don’t want us peasants to pile on at these discount prices because they eventually want to get back in at these low prices. Hence why they are now switching the narrative.

  5. Because of conspiracy posts like these, no one takes crypto seriously. The overall economy is going downhill and you think this is a conspiracy?

  6. From my technical analysis, this is perfectly normal price behavior. I don’t see any anomalies, so I’m not sure what everyone is on about.

  7. Crypto is it’s own worst enemy. Banks are not needed. And crypto is supposed to not care what banks do, so make up your mind dudes…

    Well, we’re now 13 years into this crypto/blockchain thing, and despite a never ending array of crypto-related schemes, from NFTs to Web3, nothing has stuck. There’s still not a single solid example of anything blockchain does better than existing non-blockchain tech. And No, the Internet wasn’t just like this. From the moment the Internet came out, it had unique features that were better than existing tech.

    We are 13 years into people trying to find a good “use case” for crypto and still failing. Why has the party lasted so long? Because it’s “de-centralized” and instead of one big operator crashing to the ground, we have thousands of little operators flaming out, at different times, making it look like there still may be something to this ecosystem, yet nobody can point to WTF it is.

  8. Crypto is at least half scam or BS. That said, there has been a quick theme change by the likes of talking heads like Jim Cramer suddenly calling Bitcoin a scam. I saw a clip and he’s talking about how he’s been “speaking” to “developers and all the smart tech people outside blockchain” and they “all say Bitcoin is a scam”.

    It’s definitely the part of the cycle where mainstream wants retail as scared as possible. More likely to acquire more at a low price than to destroy Bitcoin at this point.

    Idk idc I’m buying more.

  9. If they can sabotage it then it’s obviously not a good enough solution..

    That being said, I believe in the Blockchain for decentralization

  10. Judging by your comments I’m assuming you are a younger person. When there is a slow down, cash in hand is king. Your buying power is stronger because a dollar is a dollar. Crypto might be worth a “dollar” and an hour later it’s worth .10

  11. What are you talking about u/militant-drose laid it out for you in this thread? User name no where to be found.

  12. Crypto so far hasn’t amounted to much other than a series of ponzi schemes where people gambled away their extra money. Makes sense that since people have less extra money crypto is dropping.

  13. Sorry to say but this whole take is nothing but your personal narrative colored by paranoia and selection bias. This is in no way happening. I went to a conference called the token summit just a few weeks ago. Not only was it pro Bitcoin and crypto, it had every major bank there and multiple sponsored it. It had a congress man speaking about it and saying it’s a non-partisan issue that is the future.

    So no, the government and banks aren’t doing what you describe at all. Get out of the basement every once in a while. Sorry you’re losing your shirt by being bad at trading, but no one is out to get you. The banks and gov are more in than they have been since the beginning (except gensler fuck that guy – but he just got sidelined in favor of the ctfc).

  14. >Media and various social accounts started ramping up on a crypto=scam narrative RIGHT BEFORE the terra Luna crash.

    No….. Scam narrative has been there for YEARS!

    >Then, we notice that crypto is basically pegged to the stock market.

    Have you not been watching these weird “glitches” with crypto market wide moves where ALL major crypto seem to move in lockstep with each other…. It’s been going on for well over 18mths when I 1st started noticing it. It’s INSTITUTIONAL money moving into and out of the crypto markets. Crypto as a whole is a tiny market when compared to traditional markets, so when institutional money is deployed here, it has a HUGE impact and control.

    So when traditional markets are tanking, institutional money will naturally be pulled from unregulated markets like crypto and crypto will tank as well.

    >Then the fed announces their own crypto is coming soon. Central Bank Digital Currency. Which we knew was coming for a few years now.

    We have know this for years that it’s coming.

    >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.

    It’s not being discussed because it’s not a whole lot of coincidences! It’s been happening for months.

    >But I have seen a ton of ponzi and scam trens in relation to crypto, all over social media.

    Firstly, you see a heap on social media because that’s what the social media algorithms know you will get triggered by and interact with.

    Secondly, crypto is it’s own worst enemy! We do not self regulate, we just shrug our shoulders when ponzies/rugpulls/scams happen and these things DO reflect badly on crypto as a whole.

  15. Right! Absolutely. The biggest investors decide how deep btc eth et al. will tank. And when it is cheap enough they will jump in. Bigger than before. And plan to regulate it in their favor. We are in battle with the biggest narcissists of the whole f…ing centralized financial system. Hallelujah.

  16. You’re so close. There are people out there that understand exactly what is happening.

    https://youtu.be/eafzIW52Rgc

  17. I think that’s surely one part to consider, after all who didn’t imagine institutions would try to put crypto down?

    On the other hand, many projects in the space destroyed themselves or were even in bad faith from their beginning

Leave a Comment