It's truly sad that government goes in by force dealing with cryptocurrency. The idea that they harness no control over this and cannot milk their citizens dry must drive them to the brink of insanity! I hope, even through world government attempting to destroy it by force, that crypto rises to global dominance and flips the financial system as we know it upside down. Imagine how our life would benefit from releasing the tyrannical grip of big brother, the prosperity that we as a people can build and thrive with.......... enough of the daydream, back to business.
I've noticed numerous spikes in the market lately, with the market seemingly crashing further and further with each passing day. I believe we are in the process of watching crypto suffer a tremendous crash which will do two beneficial things that I can see. 1, eliminating much needed "garbage" coins that have flooded the market, to make path for dominant currencies that will grow tremendously and 2, eliminate a healthy chunk of traders out here hoping to be the next Warren Buffet, that have excruciatingly flooded the marketplace, which would open more doors for those who survive it per se. This is just my opinion and I'm open to hear everyone else's.
I also would like to know, has anyone seen spikes such as this so close together and getting progressively worse? Give me some detail, I'm eager to hear and learn if possible. Thanks Steemonians!