All these Crypto Currency people that talk about cryptos on you tube are not talking about who really shut down Alphabay. It really gets under my skin because I thought the main reason they make You Tube videos is to help out the crypto community that believe in this new revolutionary technology. told most of them what happened and I look today and no news on the situation. Unless they are being paid to shill a coin out or pump their own coin I don't think care about telling all of us the truth. This is what I bring to the table with my articles. I am not here to make money or try to start controversy. I am here for all of you to try to show you the truth not just to look at how to invest in Crypto Currencies but also to understand how to look at situations properly to make a solid decision.
Alphabay the biggest market place to do transactions with bitcoin was shut down. This could make Crypto Currencies collapse for awhile. This is something all the You Tube people should of talked about. I sold all of mine last week when I heard about Alpha Bay being down. They did talk about it saying it was an exit scam, but I already at the time felt the governments came after them. I told everyone about it yesterday that it was confirmed by Wall Street Journal that the government shut them down and very surprisingly no You Tube was made about it from the main stream creators that talk about Crypto Currencies. Instead they talked other coins.
Since this started around a week ago Cryptos Currencies have been collapsing. People keep saying its from the bitcoin fork, but I believe its more due to Alphabay being shut down. This happened during silk roads as well on November 6, 2014. If you look on coin market cap bitcoin was around 350-400 and fell down to around 150 dollars over the next year. This is not a month this was over the next year. So be very careful holding and buying Crypto Currencies right now. I am completely out right now. I am going to wait until after August the first to see what happens with Bitcoin and also for more news on what is going to happen with all the Bitcoin seized on Alphabay.
This is the article about AlphaBay being shut down. https://www.wsj.com/articles/illegal-goods-website-alphabay-shut-following-law-enforcement-action-1499968444. "The closing of AlphaBay, an anonymous marketplace that listed for sale drugs, counterfeit credit cards and other illegal goods, came after coordinated action by the U.S., Canada and Thailand, the people said." ( Robert McMillan and Aruna Viswanatha) This is not just one government this is 3 countries taking him down. The owner of Alphabay supposedly hung himself in prison.
Is Crypto Currencies really decentralized? Down the road maybe they can be. But its showing over and over again governments are slowly taking control of everything. We seen it with Coinbase where the IRS is snooping through our information and freezing accounts. I seen reports on the Kraken with the same issue when people do deposits and withdrawals. Lets look at China. They audited their 4 biggest exchanges. Silk Roads the first huge market place was shut down. Now its Alphabay that is supposed to be a decentralized marketplace, but governments are finding a way to centralize these sites and going through our information. Even if an exchange had a decentralized market place, for us to get crypto currency on it we have to use a centralized avenue. So when we hear this is revolutionary and its decentralized where is the proof? Is this a way to pump Crypto Currencies or is it a bunch of bull? Either way be very careful investing in this bad situation developing for Crypto Currencies. This very serious situation that could put a big hurt on investors right now. I seen this unfold before a few years ago.
I got a lot more articles to write about recent Crypto Currencies I liked I believe are now trash coins. I had to stop for awhile due to personal health issues. But I am back now to tell all of you the truth. We don't got time for these fake news You Tube videos. A lot of the You Tube creators are sell outs. There is a few good You Tubers still left though and I will let you know the few I still listen to that aren't sellouts or shills in articles I make going forward. This is to the You Tube creators that are becoming sell outs, stop pumping out fake news on cryptos to make investors buy and lose a ton of money or I am going to put you on blast on Steemit. I might even start making my own You Tubes in the future. I want to help everyone not fall or any traps, scams or bad situations. I went through it before and its something I don't want any innocent people to ever go through. I am very disappointed in a lot of You Tube people that I once believed in and Subbed to. And they are now sell outs. Now you can tell some of them to jump and they will ask how high for a thumbs up on You Tube. I am here for the Steemit community. Time for the truth to be known.
Pictures:
consiracy coin- CryptoCurrency forum
Alphabay- Alphabay
crash- Bitraped.com
crypto moprhius meme- Cryptorials
jumping pic- New-Paradigm.ws