Bitcoin is down. Ethereum is down. Cryptocurrencies in general are all down sharply and I can't help but think that it may not be due to a normal correction or bubble that has burst. Somehow, and this is just my opinion, I believe that this could be a scare tactic by the corporate elite to manipulate the masses back into fiat money.
How could this be? Well, I believe that the there is a certain degree of institutional ownership of various cryptocurrencies for the sole purpose of manipulating the crypto market. That way, when they want to totally frighten grassroots investors, they can merely sell off their large holdings to create this atmosphere of panic.
I believe this might very well be the case as we speak. They do it all the time with the stock market so don't think for a second that they will just sit by and not try it with the crypto market.
I have been talking about this more recently.....How the elite want to get their foot in the door to try to destroy or greatly cripple the movement that has begun with digital currencies because they fear your empowerment. They don't you to be rich like them because if you do, then you will be harder to control and to be manipulated. Check can out my video to get additional perspectives on this topic!
I'm not here to say that my views are in stone and this is 100 percent the case. But it is something that I do ponder and I believe there is some plausibility to my suspicions.
Having said that, we each have to come to our own individual conclusions on such matters and that would especially be the case when it comes to investing.
Speaking of investing, I would issue a disclaimer by saying that you should always do you own due diligence and seek a financial adviser when making any type of serious financial decision so as to be prudent about your investments.
But in wrapping up here, my focus is to simply raise some questions and promote a broader way of thinking because not everything is as it appears. That not only applies to the cryptocurrency market, but in all facets of life, as well.
I want to thank you for stopping by to check out my video blog and I do appreciate your support that you show through upvotes, resteems and comments. I also want to welcome you to follow me
Have a great day! :)