It is true, Bitcoin did go from almost $20K to fall below $10K in less than a month, but that doesn't mean that the entire crypto space is a scam and failing.
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Of course it isn't... but if you read the news, they will want you to believe that it is collapsing and people are running away.
Look at this article that was posted on the Sun.
The very next sentence talks about how Bitconnect shut down and how people are losing their money. The funny thing is, the author made no reference about Bitconnect or explained the situation. It was just added to make it seem that the market is in terrible trouble.
People are pouring out of crypt to buy more reliable investments like gold. lol Come on. This is all crap. The market has gone from $100 billion over the summer to over $500 billion right now. How are things so bad?
When I searched Bitcoin on Google News, look what came up.
One article says that Bitcoin could fall to below $1,000 in a year. HAHAHAHAHA What is that guy smoking? I bet it's that good legal stuff in Cali.
Anyway, this is just ridiculous and it isn't working. More and more people are gravitating to crypto when they realize they can be their won banks.
One last point... and this is funny. Look at the last two sentences of the Sun article.
"The largely untraceable Bitcoins are beneficial to criminals who can use them to buy drugs and weapons on online black markets on 'The Dark Web'. They are less useful for everyday consumers who cannot buy goods or, say, invest in properties using the cryptocurrency."
Whoever this guy is, he clearly doesn't do his research. This is just FUD. Don't be fooled.
What do you think? Is the Sun article right or is this just FUD?
Let me know your thoughts in the comments below.
FUD - Fear, Uncertainty, Doubt
Thanks for reading.
